The Business Times, 13 September 2011
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2011-09-13
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The Business Times
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Title Section23 2011-09-13 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, September 13,23 words
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Article, Illustration601 2011-09-13 1 CONRAD TAN - Crisis in Europe dampens the mood globally; Asian markets also take a hit By CONRAD TAN [SINGAPORE] Stocks slumped across Asia and Europe yesterday and the euro tumbled against other major currencies as investors fretted over the ongoing crisis in EuropeBLOOMBERG - 601 words
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Article139 2011-09-13 1 HST INDEX 2,743.58 (-81.52) HST INDEX FUTURES 2,744.00 (-81.00) HSIMSCI 314.11 (-9.16) HSIMSCI FUTURES 313.80 (-8.80) FOREX US$ S$ US$ (S$ per US$) 1.236 (US$/S$ per 1.581 1.953 EURO (US$/S$/E) 1.356 1.675 Foreign currency per US$ S$ YEN 76.90 62.20 RM 3.039 2.460 HK$ 7.802 6.315 BAHT 30.14139 words
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495 2011-09-13 1 JAMIE LEE - Former ST Marine financial controller is now out on bail By JAMIE LEE [SINGAPORE] A senior executive of Singapore Technologies Engineering, as well as former and current employees of the company, have been hauled up by the anti-corruption bureau over investigations into495 words
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Page 1 Advertisements
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Advertisement302 2011-09-13 1 M’SIAN ECONOMY July industrial output down 0.6% PAGE 16 PROPERTY Aussie home prices set to drop PAGE 28 HOCK LOCK SIEW Potential gains for GLP in post-quake Japan PAGE 6 COMMENTARY Will Obama’s plan save US jobs and his own? PAGE 20 Property 2011 What investment opportunities are there in302 words
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TOP STORIES
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Article571 2011-09-13 2 Euro falls off a cliff, stocks dive for cover STOCKS slumped across Asia and Europe yesterday and the euro tumbled against other major currencies as investors fretted over the ongoing crisis in Europe and the risks it poses to the world economy. The euro fell 1.7 per cent571 words
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645 2011-09-13 2 NEIL BEHRMANN - Report says aim is to create a more stable and competitive basis for UK banking By NEIL BEHRMANN in London The UK Independent Commission on Banking (ICB) has proposed stringent capital requirements for British banks and a “ring fence” to645 words
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340 2011-09-13 2 LYNN KAN - By LYNN KAN [SINGAPORE] Asian beer guzzlers have catapulted Asia Pacific Breweries (APB) to its debut on the Forbes Fab 50 2011, a listing of Asia’s most profitable 50 large-caps. The maker of Tiger Beer popped at the top after its340 words
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639 2011-09-13 4 MICHELLE QUAH - It says Integrated Reporting will be more comprehensive and user-friendly By MICHELLE QUAH [SINGAPORE] An international group representing the corporate, investor, accounting, securities, regulatory, and standard-setting communities is pushing for a new global reporting framework, which it says will provide a more comprehensive639 words
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560 2011-09-13 4 LYNN KAN - By LYNN KAN [SINGAPORE] Dual listings on the Singapore Exchange (SGX) and Oslo Bors have not taken off, despite a partnership inked between the two bourses in July 2009. But Oslo Bors’ CEO Bente Landsnes says the Norwegian exchange has been in talks with560 words
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Article, Illustration564 2011-09-13 4 LEE U-WEN - By LEE U-WEN in Washington, DC WHILE the decade since the tragic September 11 attacks has seen the United States go through wars, recession and political divides, President Barack Obama said that it was worth remembering that the country’s characterBLOOMBERG - 564 words
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549 2011-09-13 4 UMA SHANKARI - By UMA SHANKARI [SINGAPORE] The Council for Estate Agencies (CEA) will take a harder line with errant property agents from now on, it said yesterday. CEA, which started work in October 2010, has issued close to 100 “letters of advice” to property firms549 words
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Advertisement92 2011-09-13 3 We are small But considered big Have we discovered Asset Management Wealth Management Asset Services the perfect size? 1 *2SF' TBt IS,*' "CT/F 9 I! V V 1 i ■JSlfiUSfl 'ISSiT '1S52U» lAffi? &SS.I* «E fl X v 11 /f II l I |l ygg K a vippa ■jffip qgp92 words
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Advertisement90 2011-09-13 4 Ready for your MBA? Meet the World's Best Business Schools at The MBA Tour Conference in Singapore Saturday September 17,2011 10:30-17:00hr Marina Mandarin Singapore Hotel K A D A Marina Square, 6 Raffles Blvd, THE A/IBA.TOUR Singapore *****4 Your future begins here National University of Singapore, INSEAD, Copenhagen Business School,90 words
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COMPANY NEWS
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517 2011-09-13 5 JAMIE LEE - 2001-2010 saw 61.4% price return, or annualised return of 4.9% By JAMIE LEE CONTRARY to perception, the Straits Times Index (STI) has made decent returns when compared to the US indices and that of competitor Hong Kong, data compiled by the517 words
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583 2011-09-13 5 VEN SREENIVASAN - By VEN SREENIVASAN TIGER Airways has named former Virgin Blue senior executive Andrew David as its latest Australian CEO. Mr David replaces former Group CEO Tony Davis, who has been handling the Australian operations but will leave the company on Nov 1.583 words
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449 2011-09-13 5 But investors are cautious as global markets fall Reuters [HONG KONG] Chinese consumer companies have launched nearly US$485 million worth of initial public offerings (IPOs) in recent days here, a rare sign of confidence after nearly seven weeks of no deals, but investorsReuters - 449 words
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356 2011-09-13 6 FELDA CHAY - Reuters report says that IPO of its Japan assets may raise 100b yen By FELDA CHAY GLOBAL Logistic Properties (GLP) yesterday addressed talk that it is planning an initial public offering (IPO) of some of its Japan assets this year, saying356 words
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373 2011-09-13 6 MINDY TAN - By MINDY TAN CONTROLLING shareholder Harvey Norman Singapore’s bid to take Pertama Holdings private has fallen through as the proposed delisting of the consumer electronics group was not approved at its extraordinary general meeting (EGM) yesterday. Pertama said yesterday373 words
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437 2011-09-13 6 FELDA CHAY - Offer getting strong support from co-op members: Sucrogen Reports by FELDA CHAY WILMAR International’s Australia-based sugar subsidiary Sucrogen is making another bid to acquire the Proserpine Co-operative Sugar Milling Association, after its members voted against the deal last month. The decision437 words
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298 2011-09-13 6 A contractor has been hired to begin construction work for the US$1.3 billion fertiliser plant in Gabon that Olam International is working on together with the West African country’s government and Tata Chemicals Ltd. The three partners said yesterday that their joint venture298 words
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682 2011-09-13 6 FELDA CHAY - HOCK LOCK SIEW By FELDA CHAY THE March earthquake in Japan has caused widespread destruction in the country, leaving companies and families to bleed and count losses. But for Global Logistic Properties (GLP), its confidence as a modern logistics facilities provider in Japan682 words
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408 2011-09-13 9 LYNN KAN - It specialises in building high-spec large vessels, unlike others By LYNN KAN VALUATIONS of the offshore support vessel (OSV) yards listed in Singapore are at their nadirs, but investors are keeping their distance from smaller-cap picks. On the other hand, STX OSV has408 words
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584 2011-09-13 9 Bloomberg [NEW YORK] Funds increased bullish bets on raw materials for a fourth straight week, the longest series of gains this year, on speculation that econom-ic-stimulus programmes will lift demand for metals, grains and energy. In the week ended Sept 6,Bloomberg - 584 words
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372 2011-09-13 9 MINDY TAN - By MINDY TAN GENERAL building and civil engineering group Low Keng Huat (LKH) yesterday reported a net profit of $17.43 million for the second quarter ended July 31, a 39 per cent drop from the previous corresponding period, due to lower profits from372 words
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COMPANY BRIEFS
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200 2011-09-13 9 SABANA Real Estate Investment Management Pte Ltd announced that Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) has entered into two sale and purchase agreements to acquire two properties to diversify its income stream. In the first acquisition, Sabana Reit will purchase200 words
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90 2011-09-13 9 NOVO Group Ltd reported a net profit attributable to shareholders of US$146,000 for the first quarter ended July 31, 2011, compared with US$1.50 million a year ago. Revenue fell 43.5 per cent to US$66.20 million from US$117.19 due to macroeconomic uncertainties and property cooling measures90 words
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Advertisement89 2011-09-13 5 ISITE L N B K m HI o M mm fflj a a o mm wm\ Hfei m zm London El i» isir 1 'V > 1 75 Leman Street is the prestigious restoration of a magnificent Edwardian building in the heart of Central London. A collection of 56 luxurious89 words
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Advertisement158 2011-09-13 6 http://electronicasia.com K o CONNECTING TOMORROW'S WORLD I ...TODAY v <\ electronicAsia 2011 International Trade Fair for Components, Assemblies, Electronics Production and Display Technologies 13-16 October 2011 Approved Hong Kong Convention and Exhibition Centre In conjunction with HKTDC Hong Kong Electronics Fair (Autumn Edition) Real Business through Global Marketplace Over 600158 words
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Advertisement18 2011-09-13 6 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.18 words
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Advertisement220 2011-09-13 7 THE STRAITS TIMES. CTPll w ■> ii Print. THE STRAITS TIMES. ($24.65 per month) A 2 )L ,$W| Online. ST Online ($26.65 per month) r 4 iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for just $2 more. 77iE C4 ('JiOS//l/, olo220 words
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SINGAPORE MARKETS
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Article, Illustration573 2011-09-13 8 R SIVANITHY - Retail investors appear to be staying away and activity is said to be mainly from computerised algorithmic trading STOCKS R SIVANITHY Senior Correspondent LOW volume, weak sentiment and a general pall of softness were the main features of yesterday’s session in the localSource: Bloomberg - 573 words
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Article186 2011-09-13 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 2 0 0 0 2 10 2 Manufacturing 25 75 30 2 6 7 27 81 37 Commerce 7 38 11 1 7 3 8 45 14 Tpt/Stor/Comms 1 31 7186 words
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Article117 2011-09-13 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,954 27,954 141,234 141,234 Manufacturing 114,459 11,197 125,656 156,929 236 157,165 Commerce 151,935 3,439 155,374 141,092 256 141,349 Tpt/Stor/Comms 114,935 96 115,031 158,033 15 158,047 Finance 24,911 50 24,961 246,555 11 246,566 Construction 17,129 7,418117 words
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Article113 2011-09-13 8 Stock name Close Change CapMallsAsia 1.280 -0.050 CapitaLand 2.510 -0.130 CapitaMall 1.865 -0.040 CityDev 9.810 -0.350 ComfortDelGro 1.315 -0.045 DBS Grp 12.350 -0.430 F&N 5.600 -0.150 GLP 1.690 -0.055 Genting SP 1.635 -0.065 Golden Agri 0.655 -0.015 HK Land 5.360 -0.270 JMH 50.780 -2.020 JSH 28.580113 words
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Article63 2011-09-13 8 Sep 12 VALUE CLOSE BT OB/OS -6.00-187.00 BT CADI -*****.00-259.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 635.60 -14.65 FTSE ST Small Cap 434.84 -5.58 FTSE ST All Share 665.18 -18.43 FTSE ST China Top 199.21 -3.76 FTSE ST China 236.15 -4.64 FTSE ST Catalist 830.0963 words
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Article60 2011-09-13 8 VOLUME Genting SP 85,256,000 MDR R 71,768,000 Sheng Siong 71,111,000 Noble Grp 41,185,000 HPH Trust US$ 27,122,000 Golden Agri 24,764,000 SingTel 20,502,000 Moya Asia 19,491,000 SembMar 14,726,000 CapitaLand 14,551,000 VALUE($) Genting SP 139,384,605 Keppel Corp 107,093,461 DBS Grp 86,290,710 UOB 70,229,263 OCBC Bk 69,449,850 Noble Grp 62,591,44060 words
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BROKERS’ TAKE
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Article, Illustration325 2011-09-13 8 Sept 12 close: S$0.820 DBS GROUP RESEARCH, Sept 12 IN A recent non-deal roadshow with Frasers Commercial Trust (FCOT), investors viewed management’s efforts to reshape its portfolio and strengthen its balance sheet as proactive steps to steer the real estate investment trust in the right direction. ItsSource: Bloomberg - 325 words
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Article, Illustration406 2011-09-13 8 CONRAD TAN - Compiled by CONRAD TAN AGAINST a backdrop of a worsening European debt crisis and fear of a global recession, more downgrades on earnings, target prices and recommendations have surfaced recently. As earnings visibility is clouded by the current uncertainties, a less volatile valuationSource: Bloomberg - 406 words
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Article136 2011-09-13 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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Article, Illustration557 2011-09-13 8 CURRENCIES Reuters [LONDON] The euro fell to a sev-en-month low against the US dollar and a 10-year trough versus the yen yesterday, hurt by fears of a Greek default and the risk of contagion engulfing the region’s banking system and largerReuters; AP - 557 words
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Article112 2011-09-13 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4735 201.3 3.6 Lyxor AsiaIT 10US$ 2275 63.0 2.3 DBXT AUDMM 5AU$ ***** 55.9 0.2 Hyflux 6% CPS 10 ***** 30.0 0.3 Lyxor LatinAmerica 1 803 19.8 2.0 STI 3100BPePW*****9 70.5 14.5 25.9 STI 3150BPePW*****8 80 14.0 21.2 CapitalaMBLePW*****5 86 12.5112 words
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Article111 2011-09-13 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-594.0 -4.3 IS S&P500 *****-510.1 -3.5 GLD 10US$ *****-419.9 -1.9 DBXT MSKorea 10US$ 5079-348.3 -5.3 DBXT MSEurope 10US$ 3735-313.7 -6.4 DBXT E50 10US$ 3059-298.9 -7.3 Lyxor AsiaMT 10US$ 5673-261.8 -3.6 JMH 5078-249.5 -3.8 Jardine C&C 4392-243.0 -5.2 DBXT SPASX200 10US$ 3079-230.9 -5.7111 words
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Page 9 Advertisements
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Advertisement194 2011-09-13 9 Gold finds support and breaks resistance? hart GOLDcont y| Customize Daily v I Candlestick v Update c httpsi/www.saxomobiletrad 1.817.27 J ji. Seize the opportunities. Seize the opportunities with Saxo: <§> Trade Gold 'Live with spot, futures and CFDs <S> Trade Gold-related equities and ETFs/ETCs <S> Tight pricing Seize the opportunities194 words
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SINGAPORE NEWS
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Article, Illustration520 2011-09-13 10 SIOW LI SEN - Lim Hng Kiang says focus in Asia has been on the middle class and the rich By SIOW LI SEN THE insurance industry can do more for Asia’s low-income and ageing population, said Minister for Trade and Industry Lim Hng Kiang yesterday. Insurance520 words
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641 2011-09-13 10 CHUANG PECK MING - By CHUANG PECK MING DESPITE economic uncertainties, hirings are expected to rise steadily in the final three months of the year in Singapore, in what remains one of the world’s hottest job markets. “Opportunities for job seekers remain strong in Singapore, where one641 words
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347 2011-09-13 10 KELLY TAY - By KELLY TAY THE single biggest human capital challenge Singapore employers will face in the next 12 months is attracting talent, said recruitment firm Randstad Pte Ltd yesterday in its World of Work Report 2011/2012. The annual study surveyed 8,200 respondents across six347 words
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Article, Illustration455 2011-09-13 10 DOLLY CHIA - `By DOLLY CHIA THE net salary of foreigners was higher in Singapore than in Hong Kong last year, but the total cost for employers to employ a foreigner was less in Singapore than in Hong Kong, a survey on Expatriate Market Pay shows. ECASource: ECA International - 455 words
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450 2011-09-13 10 VICTORIA HO - By VICTORIA HO ABOUT a fifth of professionals in the infocomm technology (ICT) industry wish to leave technology, according to the Singapore Computer Society (SCS). In the trade organisation’s survey of 1,024 ICT professionals and 692 students that was carried out at the450 words
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256 2011-09-13 10 LYNETTE KHOO - By LYNETTE KHOO PRIME Minister Lee Hsien Loong has appointed former deputy prime minister Wong Kan Seng as Special Advisor for Economic Co-operation to the Prime Minister. His primary role is to advise the Prime Minister on Singapore’s economic co-opera-tion programmes with256 words
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217 2011-09-13 10 CHUANG PECK MING - By CHUANG PECK MING J Y PILLAY has been reappointed chairman of the Council of Presidential Advisers (CPA). A statement from the President’s Office said that President Tony Tan Keng Yam has reappointed Mr Pillay to the role, with effect from yesterday. Mr217 words
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231 2011-09-13 10 THE government detained three more people between January and July for terror-ism-related acts. The Ministry of Home Affairs (MHA), which announced the detention under the Internal Security Act yesterday, also said it has released a member of the Singapore Jemaah Islamiyah (JI), a terrorist group.231 words
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Advertisement13 2011-09-13 10 (ihancery Vicinil ITT ***** B:9000 Asking: $2) [61QQIQ080] =®0teSB5glilagig3tf®3s® EEfeQtQ0K]©ste^®3a® D//g5H®g£CSeg>MI 6fflte@£(i)SS^®^g!S®EEfeeE!3SKl mSa^imgJS^Sll^we^SEESSi13 words
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SME Inc
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Article, Illustration1105 2011-09-13 11 JASLENE PANG - IPC is now entering the silver market by customising tour packages for elderly travellers, reports JASLENE PANG WHILE Singapore’s ageing population may have given rise to new challenges for policymakers, the greying market here has a silver lining for one-stop service provider International Paradise Connexions ToursARTHUR LEE - 1,105 words
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Article484 2011-09-13 12 TEH HOOI LING - By TEH HOOI LING OUR small cap portfolio has held up very well in the last month or so, slipping just 0.4 per cent. This compared with the 2.4 per cent slump in the FTSE Straits Times Small Cap Index, the 3 per cent decline484 words
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972 2011-09-13 12 JACKY TAI - Forget about the typical things that marketers do do something that no one else is doing COMMENTARY By JACKY TAI The writer is principal consultant, StrategiCom ONE of the things that companies like to ask is: What is the size of the market that972 words
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Article, Illustration519 2011-09-13 12 JAMIE LEE - By JAMIE LEE PRODUCTIVITY a buzzword of late in Singapore means nothing if it’s not geared toward making someone’s life better. So says Howard Behar, best known for his leadership at the giant of coffee joints, Starbucks. “That’s kind of a meaningless expression,” said Mr Behar,FILE PHOTO - 519 words
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Article320 2011-09-13 12 ASK NUS PROFS Q: We are a brick and mortar firm and recently decided to set up a Web presence to serve as a first point of contact when members of the public want to find out more about our company. It will largely be320 words
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Article, Illustration1262 2011-09-13 13 GUAN MEISI, LEE KANG HAO, LIM JIA YING - EAS’ attention to detail has enabled it to earn repeat contracts and references, report GUAN MEISI, LEE KANG HAO LIM JIA YING ‘HAVE you seen it?” asks Lam Tong Loy, managing director and cofounder of Electro-Acoustics Systems (EAS), of the latest attraction at Resorts World SentosaFILE PHOTO - 1,262 words
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Article, Illustration1267 2011-09-13 14 HO MEILING, BENJAMIN SEOW CHEN YEE, JASMINE TAN HUIYU - HT Universal wants to explore markets in overseas territories, report HO MEILING, BENJAMIN SEOW CHEN YEE JASMINE TAN HUIYU HT UNIVERSAL started out as a small fire protection specialist contractor in 1971. After a management buyout in 1993, it came under the leadership of Gn ChiangARTHUR LEE - 1,267 words
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Article, Illustration850 2011-09-13 14 MITALI KUMAR, PRIYA VOHRA, YIP HAI HSIAN - By MITALI KUMAR, PRIYA VOHRA, YIP HAI HSIAN “I AM an entrepreneur by accident,” says Von Lee, chairman of Expand Construction. Before he started this company, Mr Lee worked at HDB for three years and later left to help in his brother’s signageARTHUR LEE - 850 words
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Advertisement92 2011-09-13 11 Standard Cg Chartered Can a bank balance its ambition with its conscience? We're working harder to create a brighter future for you. Our global guiding principles and ethical banking practices influence everything we do, from the customers we work with to the businesses we finance. By pursuing initiatives such as92 words
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Advertisement7 2011-09-13 11 COMMENTARY Don’t worry about market size. PG7 words
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Page 12 Advertisements
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Advertisement1238 2011-09-13 12 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg KEPPEL TELECOMMUNICATIONS TRANSPORTATION LTD Co. Reg. No. *****0115G (Incorporated in Singapore) LOST SHARE CERTIFICATE The undermentioned share certificate has been reported lost, destroyed or mislaid: NOTICE IS HEREBY GIVEN that new share certificate will be issued and the above original share certificate will1,238 words
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Advertisement25 2011-09-13 14 Property 2011 What investment opportunities are there in the property market? Find out what the experts are saying in this special BT feature on Thursday.25 words
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ECONOMY WATCH
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717 2011-09-13 15 August worst month for long-term debt issuance for lenders in over five years Bloo mberg [FRANKFURT] Investors are valuing European banks at levels not seen since the depths of the credit crunch that followed the collapse of Lehman Brothers Holdings IncBloomberg - 717 words
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Article, Illustration456 2011-09-13 15 Reuters [TOKYO] Big Japanese manufacturers turned optimistic in the third quarter following a rapid recovery in output after the deadly March 11 earthquake and tsunami, but scaled back forecasts for the months ahead on the yen’s strength and as global slowdownReuters; BLOOMBERG - 456 words
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346 2011-09-13 15 Bloomberg [LONDON] Slowing economic growth around the world is punishing investors who bet on Australian and Brazilian assets using money borrowed in US dollars and yen with the biggest losses in more than a year. A UBS AG index tracking the performance ofBloomberg - 346 words
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457 2011-09-13 15 Household incomes may be squeezed for some time, adds IFS AFP [LONDON] The pain of Britain’s austerity measures will be felt for years to come owing to some of the worst falls in living standards since World War II, a leading economic researchAFP - 457 words
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MALAYSIA/INDONESIA
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Article, Illustration507 2011-09-13 16 S JAYASANKARAN - Decrease mostly due to falls in mining, slower growth in manufacturing By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S July industrial output contracted unexpectedly by 0.6 per cent year-on-year compared to an expansion of 1.3 per cent the previous month. Even so, at least oneBLOOMBERG FILE PHOTO - 507 words
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318 2011-09-13 16 Bloomberg [JAKARTA] Indonesian stocks have become more attractive to overseas investors after the world’s fourth-most populous nation overtook Malaysia as South-east Asia’s secondlargest equities market by value, PT Panin Sekuritas said. “Foreign investments into Indonesian stocks will likely increase as portfolios are weightedBloomberg - 318 words
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394 2011-09-13 16 Reuters [JAKARTA] Goldman Sachs and Morgan Stanley are each in talks to buy an Indonesian brokerage firm to expand their reach into the booming capital market in the country, sources said. Goldman is in talks to buy Tiga Pilar Sekuritas, and expects toReuters - 394 words
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Page 16 Advertisements
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Advertisement1189 2011-09-13 16 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration No. EC*****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING (“SGM”) of Biosensors International Group, Ltd. (the “Company”) will be held1,189 words
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Advertisement1144 2011-09-13 16 OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0050E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Overseas Union Enterprise Limited (the “Company”) will be held at Mandarin Orchard Singapore, Mandarin Ballroom III, 6th Floor, Main Tower, 3331,144 words
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GREATER CHINA/INDIA
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Article, Illustration576 2011-09-13 17 July data pressures central bank to pause tightening amid high inflation Reuters [NEW DELHI] India’s industrial output growth slumped to its lowest in nearly two years in July as high interest rates crimped Asia’s third largest economy, putting pressure on the central bank toReuters; REUTERS - 576 words
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391 2011-09-13 17 Move to better reflect changes in the financial market EJ insight [BEIJING] The People’s Bank of China (PBC) said yesterday that it is considering widening the measurements of M2, a key gauge of money supply, to better reflect the latest developments in the financial market.EJ insight - 391 words
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334 2011-09-13 17 Reuters [BEIJING] China’s bank lending quickened to 548.5 billion yuan (S$ 105.9 billion) in August, rebounding from a seven-month low of 492.6 billion yuan in July, due to a slight relaxation in Beijing’s credit tightening campaign. But inflation, not growth, remains the top concernReuters - 334 words
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Advertisement100 2011-09-13 17 A' a a ■tf Fly from Changi Terminal 1 Kuala Lumpur TIX DAILY 1 ALL-IN FARE ONE WAY FROM SGD Flight Schedule Book now till 20 Sept 2011 Travel Period: 19 Sept 16 Nov 2011 Get your low fares only airasia.com Join the buzz: B J fb.com/AirAsiaSingapore IB twitter.com/AirAsiaSG *Fare100 words
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WORLD
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670 2011-09-13 18 Boehner warns his party has different vision of job creation solution AFP [WASHINGTON] US President Barack Obama yesterday bluntly demanded that Congress pass his US$447 billion jobs bill, with “no games, no politics, no delays,” in a fresh challenge to Republicans. MrAFP - 670 words
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531 2011-09-13 18 The transaction should be completed by the end of 2012 Bloomberg [NEW YORK] McGraw-Hill Cos, challenged by activist investor Jana Partners LLC, said that it will split into two companies focused on global markets and education. The transaction should be completed by the endBloomberg - 531 words
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Article, Illustration301 2011-09-13 18 AFP [PARIS] The main economies in the world are set for a general slowdown, the OECD said yesterday on the basis of its leading index of underlying signals in its member countries. The Organisation for Economic Cooperation and Development, which already warned of potentialAFP; BLOOMBERG - 301 words
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Article, Illustration834 2011-09-13 18 Project New BAC will make it smaller, easier to manage Bloomberg [NEW YORK] Bank of America Corp, the biggest US lender by assets, will likely lose that distinction as chief executive officer Brian Moynihan partly dismantles the money-losing empire built by hisBloomberg; REUTERS - 834 words
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281 2011-09-13 18 Reuters [LONDON] The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times. Mr Dimon said he was supportive of forcing banks to have more capitalReuters - 281 words
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ASIA-PACIFIC/WORLD
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Article689 2011-09-13 19 Strategy to shift from Treasuries to non-US sovereign debt backfires Bloomberg [WASHINGTON] Pimco Total Return Fund, the world’s largest mutual fund, is having its worst year versus rivals based on records going back to 1995, and Bill Gross’ decision to dump Treasuries is notBloomberg - 689 words
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Article, Illustration642 2011-09-13 19 ANTHONY ROWLEY - By ANTHONY ROWLEY By in Tokyo CONTINUING instability in the ranks of Japan’s government was underlined afresh yesterday when former chief Cabinet secretary Yukio Edano was tapped to replace outgoing industry minister Yoshio Hachiro, who resigned after barely more than a week in office followingAP - 642 words
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356 2011-09-13 19 Move aimed at mitigating expected downgrade pressure Reuters [PARIS] Societe Generale SA (SocGen) said yesterday it would cut costs and sell assets worth four billion euros (S$6.71 billion) to bolster capital, but shares in French banks fell by more than 10Reuters - 356 words
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287 2011-09-13 19 AP [SAN FRANCISCO] Anonymous is not so anonymous anymore. The computer hackers, chat room denizens, and young people who comprise the loosely affiliated Internet collective have increasingly turned to questionable tactics, drawing the attention of the FBI, the Department of Homeland Security, andAP - 287 words
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Article, Illustration536 2011-09-13 19 AFP [TOKYO] Japanese carmaker Suzuki yesterday said it wanted to end its ill-fated two-year alliance with Germany’s Volkswagen following disagreements between the two on how to operate together. In a statement through the Tokyo Stock Exchange, Suzuki said it had asked Volkswagen toAFP; REUTERS - 536 words
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EDITORIAL & OPINION
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510 2011-09-13 20 EDITORIAL A RECENT survey by business consultancy McKinsey of 20,000 consumers in 13 Asian markets found a change in consumer attitude in respect of what they want from financial institutions post the 2008 global financial crisis. Basically, consumers increasingly prefer local banks to multinationals, are510 words
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Article, Illustration791 2011-09-13 20 YOGI AGGARWAL - THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT IT took the mercurial Mamta Banerjee, newly elected chief minister of West Bengal, no time to take the wind out of Prime Minister Manmohan Singh’s state visit to791 words
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Article, Illustration1123 2011-09-13 20 LEON HADAR - Will Obama’s plan save US jobs and his own? If the Republicans try to torpedo plan, that could ironically help Obama in the 2012 poll LEON HADAR Washington Correspondent US PRESIDENT Barack Obama is hoping that the US$447 billion mix of tax cuts and spending that he proposed during aAFP - 1,123 words
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Article, Illustration1135 2011-09-13 21 SALVATORE BABONES - In future, it’s more likely to focus on meeting needs of its own people than on establishing itself as new global hegemon By SALVATORE BABONES The writer is senior lecturer in sociology and social policy at the University of Sydney. This article isAFP - 1,135 words
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Article, Illustration776 2011-09-13 21 ROB COX - By ROB COX GOLDMAN Sachs has often helped chief executives boost their companies’ shares by breaking them into pieces. The US bank run by Lloyd Blankfein is currently advising Kraft Foods on its split and counselling McGraw-Hill on whether it should do the same.REUTERS - 776 words
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497 2011-09-13 21 Don M Ho - LETTER TO THE EDITOR Don M Ho Chairman, Insolvency Practitioners Association of S’pore Insolvency Practices Committee, ICPAS WE wish to expand on the points provided by Associate Professor Lanh Luh Luh in the article “Closing down a private limited company” (BT, Aug497 words
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AVIATION/TRANSPORT
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Article, Illustration803 2011-09-13 22 Fighter jets escort both planes down as precaution; one man detained in Kansas AP [NEWYORK] Fighter jets escorted two flights one to New York City, another to Detroit after passengers’ use of the bathrooms aroused suspicions on Sunday, the 10th anniversary of theAP - 803 words
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Article, Illustration40 2011-09-13 22 [FRANKFURT] A worker for German car manufacturer Audi cleaning up yesterday, in preparation for the International Motor Show (IAA) here. The world’s biggest motor show starts with its media day today, and will run until Sept 25. Reuters40 words
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170 2011-09-13 22 Reuters [NEW YORK] Airline stocks look set to rise after being pushed down by di-alled-back earnings expectations, high fuel prices and an uncertain US economic recovery, according to a report in the Sept 12 issue of Barron’s. United Continental, Delta, Alaska Air Group,Reuters - 170 words
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557 2011-09-13 22 It wants rival airline’s 11 control of take-off, landing slots at Heathrow Reuters [LONDON] International Airlines Group (IAG), formed by the merger of British Airways and Iberia, is still interested in buying its smaller rival British Midland International (BMI) from German carrierReuters - 557 words
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Page 22 Miscellaneous
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Miscellaneous309 2011-09-13 22 CRYPTIC CROSSWORD Across 7 Coming from the East, sailor is absorbed in marine books (7) 8 A record spinner with a French court auxiliary (7) 10 Serve cornmeal to the rich and famous seen here (5,5) 11 Having nothing on except for start of exams (4) 12 One wants to309 words
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THE BUSINESS TIMES SHIPPING TIMES
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Article2814 2011-09-13 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination BIOGRAD Jebel Ali/Dammam *Loads Singapore,2,814 words
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Page 23 Advertisements
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Advertisement28 2011-09-13 23 Experienced Stlfp maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES28 words
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SHIPPING
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Article, Illustration534 2011-09-13 24 LYNN KAN - Daily cut-off times will produce ‘giant ocean conveyor belt’, says line By LYNN KAN MAERSK Line is attempting to fix the problem of chronic late Asia-Europe deliveries with a new “conveyor belt”-type service. Vessels going to and fro between four Asian ports (Ningbo, Shanghai,534 words
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Article, Illustration556 2011-09-13 24 Reuters [STONE TOWN, Zanzibar] The death toll from Tanzania’s ferry disaster could significantly rise after it emerged there were more than 1,000 passengers aboard the vessel when it capsized last week, a senior Zanzibar official said yesterday. Initial reports suggested the MV SpiceReuters; REUTERS - 556 words
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369 2011-09-13 24 Reuters [KUALA LUMPUR] Malaysia’s RAM Ratings has reaffirmed the A1 rating of Lumut Maritime Terminal Sdn Bhd’s (LMT) RM60 million (S$24.3 million) Bai Bithaman Ajil Islamic Debt Securities (2004/2017) (BaIDS), with a stable outlook. LMT owns and operates a multi-pur-pose port facility (LMT Terminal)Reuters - 369 words
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Article278 2011-09-13 24 SGX '000 Sep 12 S$ +/-Vol CH Offshore 0.39 0.01 40 Chuan Hup Hldg 0.21 -0.01 20 Cosco Corp 1.02 -0.02 ***** CWT Ltd 1.04 -0.03 299 Ezra Hldgs 0.92 -0.03 5243 First Ship Lea 0.29 unch 357 Freight Links 0.05 unch 590 Grand Banks 0.33 0.01 5278 words
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Page 24 Advertisements
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Advertisement21 2011-09-13 24 FREIGHT Er FORWARDER h»hth. urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132721 words
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Advertisement21 2011-09-13 24 L e gal I services V required by I services i, i I here in the shippers I Shipping owners Times?21 words
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Page 25 Advertisements
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Advertisement25 2011-09-13 25 I m \m\ m fl ni BREITLING /or BENTLEY BENTLEY BARNATO RACING SGD 17,940* m DKGO BHV TEL +65 6732 6347 B RE ITLING/o rBENTLEY.COM25 words
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SINGAPORE STOCKS
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Article8020 2011-09-13 25 Transaction date: Sep 12 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 13 11.1 14.8 7.8 4.7 2.7 62.3 9.5 4.5 A-Sonic 5.5 +0.5 120 5.5 4.8 4.8 5.58,020 words
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Article1505 2011-09-13 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 13.7 t 800 Super 15 14.5 15.9 4.7 3.7 5.8 26.8 5.5 3.7 t AA Grp 4 2.7 3.9 19 3.9 200 1141,505 words
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Article10064 2011-09-13 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.21/ APS Alpha Fund (USD)!** 1/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.572/ Asian Credit Fund10,064 words
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Article234 2011-09-13 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40cd +1 11 40 40 38 45 3.6 8.8 3.2 104.2 55 29.5 Genting HK US$ US33 -2 9107 34 32.5 32.5 33 2172.9234 words
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Article876 2011-09-13 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 125 -5 26 130 125 117 127 570.6 1261 950 CIMBAsean40 100US$ US994 -26 38 1003 994 987 989 39.8876 words
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FINANCE & COMMODITIES
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374 2011-09-13 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 9 Index Change Change Change Change Change Change World Index Preliminary 788.7 -2.0 -12.1 -1.5 -14.8 -2.6 -11.0 EAFE Preliminary 660.1 -2.0 -17.6 -2.2 -18.8 -3.3 -15.2 Europe Preliminary 950.1 -3.0374 words
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Article77 2011-09-13 27 CRUDE OIL PRODUCTS Sep 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.14 -3.98 WTI (Near Mth) 87.33 -1.43 Dubai (1-Mth F) 108.86 -1.21 Tapis blend 123.21 -0.63 Minas 117.26 -0.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.75 -0.64 Jet Kerosene 125.69 -1.81 US$/barrel Opec Oil77 words
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Article107 2011-09-13 27 Sep 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1416.50 1407.25 1416.50 1402.50 Nov 11 1426.75 1418.25 1429.00 1412.75 Jan 12 1436.75 1428.50 1438.75 1423.00 Mar 12 1442.50 1434.75 1444.50 1428.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 58.20107 words
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Article83 2011-09-13 27 Sep 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 15.12.2011 0.19 0.19 0.18 1-Year BY*****X 02.05.2012 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.74 103.78 103.78 5-Year N*****0W 1.125 01.04.2016 102.8383 words
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Article162 2011-09-13 27 Sep 12 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 467.0 463.0 466.0 33 359 Nov 11 466.0 465.0 465.3 24 324 Dec 11 466.8 504 Jan 12 467.3 339 Feb 12 468.5 249 Mar 12162 words
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Article, Illustration99 2011-09-13 27 As on 9 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold OCT-11 1878.80 1842.00 1860.30 1855.3 Silver DEC-11 42.195 41.455 41.745 42.535 Gold DEC-11 1888.00 1831.60 1847.30 1857.6 CURRENCY GBP-US Dollar SEP-11 1.5976 1.5953 1.5959 1.5976 Euro-US Dollar SEP-11 1.3936 1.3638 1.370699 words
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Article121 2011-09-13 27 As at 9am Sep 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.309 1.247 Can dollar 1.255 1.207 Euro 1.704 1.639 Sterling pound 1.986 1.91 NZ dollar 1.034 0.985 US dollar 1.246 1.199 Local dollars to 100 units of foreign121 words
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Article27 2011-09-13 27 Sep 12 Open High Sett STI Sep 2744 SIMSCI Sep 322.5 323.5 313.8 Taiwan Sep 268.3 268.9 closed Source: MF Global (S) Pte Ltd27 words
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Article154 2011-09-13 27 Sep 12 $S Offer Bid 0vernight 0.01 par 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.08 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12154 words
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Article464 2011-09-13 27 Sep 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 6.573 0.759 8.027 48.474 88.635 0.791 11.086 3.126 1.265 90.040 44.063 1.271 7.561 0.915 30.130 31.004 0.651 1.029 Canada 0.971 6.383464 words
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Article85 2011-09-13 27 Sep 12 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article138 2011-09-13 27 Sep 12 GOLD (US$/oz) Sep 09 Sep 12 Hong Kong 1883.00 1848.00 Sep 08 Sep 09 London 1856.39 1856.30 1857.80 1857.05 Source: Thomson Reuters CAST BAR Sep 12 (S$) Selling Buying Kilobar 78,718.83 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 176 73 5gm 501 367 10gm 894138 words
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Article70 2011-09-13 27 Sep 9 Sep Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2332.50 2386.00 3 months 2367.00 2420.00 Copper, Grade A (US$/tonne) Cash 8799.75 9096.25 3 months 8821.00 9115.00 Lead (US$/tonne) Cash 2473.25 2508.75 3 months 2449.50 2490.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash70 words
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Article57 2011-09-13 27 Sep 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3139 3130 3146 3132 118 1709 Oct 11 3095 3087 3113 3090 984 ***** Nov 11 3062 3050 3076 3053 5862 ***** Dec 11 3051 303957 words
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Article154 2011-09-13 27 Sep 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2703 1.2720 1.0286 1.0291 Canadian dollar 1.2336 1.2353 0.9989 0.9994 Euro 1.6745 1.6763 1.3559 1.3562 NZ dollar 1.0028 1.0061 0.8120 0.8140 Sterling pound 1.9517 1.9537 1.5803 1.5807154 words
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Article23 2011-09-13 27 Sep 12 Sep S$ Bid Offer 1-month 1.2349 1.2360 2-months 1.2347 1.2360 3-months 1.2342 1.2357 6-months 1.2320 1.2335 Source: OCBC23 words
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Article82 2011-09-13 27 Sep 9 COCOA (£/tonne) Close Prev High/Low Sep 11 1815 unch 1830/1814 Dec 11 1856 1861 1872/1854 Mar 12 1883 1888 1899/1882 May 12 1897 1902 1910/1897 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2128 2189 2158/2121 Nov 11 2171 2219 2204/2152 Jan 12 2195 2242 2227/2178 Mar 1282 words
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Article456 2011-09-13 27 Sep 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6150 0 2503 Dec11 99.3950 0 3126 Mar12 99.4100 0 1315 Jun12 99.4450 0 1246 EUROYEN TIBOR FUTURES Sep11 99.6725 99.6725 99.6700 99.6700 0 1597 Dec11 99.6825 99.6825 99.6825 99.6800 291 2008 Mar12 99.6800 0 2338456 words
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2188 2011-09-13 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 6 1 150 37 19.00 32 ASJ Hldgs W*****1 0.5 1 4 12 8.00 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 1 20 872,188 words
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PROPERTY
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Article, Illustration2030 2011-09-13 28 Their warning contrasts with banks and developers that say prices will be supported by a shortage Bloomberg [SYDNEY] Australia, where home prices are falling at the fastest rate in more than two years, may have a glut of properties and be set forBloomberg; BLOOMBERG - 2,030 words
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181 2011-09-13 28 Reuters [LONDON] London office developer Great Portland Estates has bought two sites for more than £250 million (S$489.1 million), betting on a boost from the arrival of the Crossrail rail link in the English capital. It paid £132.75 million for a 246,500 square feetReuters - 181 words
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Article, Illustration918 2011-09-13 29 Measure is expected to raise about 2b euros missing from govt coffers Reuters [THESSALONIKI, Greece] Greece on Sunday slapped a new tax on real estate to plug a 2011 budget hole, please international lenders and secure a key new loan tranche as concerns mountedReuters; REUTERS - 918 words
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170 2011-09-13 29 Reuters [MADRID] House sales in Spain fell 34.8 per cent in July from a year earlier, slightly improved on sec-ond-quarter numbers last week but still offering little sign that the struggling property sector is turning around. The National Statistics Institute (INE) figures followReuters - 170 words
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Article, Illustration604 2011-09-13 30 KALPANA RASHIWALA - Lease for 150,000-sq-ft space at Tower 5 was due to expire in Q1 2012 By KALPANA RASHIWALA SWISS banking giant UBS is understood to have renewed its lease for about 150,000 sq ft at Suntec Tower 5 for three years. UBS occupiesFILE PHOTO - 604 words
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249 2011-09-13 30 Reuters [HONG KONG] Wynn Macau, a unit of Wynn Resorts Ltd, said yesterday that it would pay US$193.43 million to the Macau government for use of land to develop its resort project in the Cotai area. In a filing to theReuters - 249 words
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Page 28 Advertisements
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Advertisement163 2011-09-13 28 For Lease: DATACENTRE Space Approved use for private Independent air-con systems, datacentre space in Chai Chee Raised floor system provided Gross Floor area: Flood-free zone, located on 2100sm+4200sm space available geographically secure site Electrical back-up systems, Lnna pasp tprms nnpn for FSB approved FM200 fire J P system negotiations. 5163 words
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Advertisement92 2011-09-13 28 Prime Residential Site For Sale By Tender Site: 58,867.0 Sq M (633,644.39 Sq Ft) GFA: 123,620.7 Sq M (1,330,653.21 Sq Ft) Plot Ratio: 2.1 (20 25 storeys) Tenure: 99 Years Leasehold (1982) Near to MRT (Clementi Mall); NUS; SIM; Nan Hwa (Pri. Sch.); Polytechnic; etc. Near future Jurong East Regional92 words
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Advertisement78 2011-09-13 28 5-STOREY BOUTIQUE BUILDING WITH LIFT 7 Hongkong Street Site Area: Approx. 1,700 sq ft Floor Area: Approx. 7,500 sq ft Commercial, Plot Ratio 4.2 Walk to Clarke Quay MRT station Excellent CBD Location Ideal for corporate office, school, showroom space, F&B, investment, owner-occupation FOR SALE BY EXPRESSION OF INTEREST Closing78 words
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Page 29 Advertisements
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Advertisement77 2011-09-13 29 LicNo:L*****87F STUART CHNG6100-8858 CEA Reg. R*****5Z OEI TIONG HAM *****sqft. Beautiful, privacy SWISS CLUB *****sqft. Good buy, serene surroundings THIRD AVE *****sqft. Urgent VICTORIA PARK *****sqft. 2 bungalows. Urgent WINDSOR *****sqft. Priced to sell, beautiful, move-in cond YARWOOD *****sqft. Sub-divide OWNERS WELCOME BINJAI ***** *****sqft. Rebuild, modern, best buy BISHOPGATE77 words
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Advertisement183 2011-09-13 29 c MAiiU,h RESIDENCES RESIDENCE Wilby Central *****888 Wilby Bukit Timah *****505 J JL WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For183 words
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Advertisement121 2011-09-13 29 Site at Robin Road 250m to Stevens MRT •Dist.10,Land23,084sf,GPR1.4/5-sty;FH •Approx 250m to Stevens MRT Station Stevens MRT •Within 1km to SCGS ACS (Barker Rd) •Potential for 56 apts of average 600 sf Tender Closing on 5 October 2011 (Wed), 2.30pm yewmin@credo.com.sg (CEA Regn No: R*****3H) choonfah@credo.com.sg (CEA Regn No: R*****1A)121 words
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Advertisement113 2011-09-13 30 Investment T rends Trade world indices and commodities in SGD and avoid currency exposure. O R 4 4 0 39 429. I EURO *****529 HNI J) 3 1 2 E i m (21 SGD-denominated CFDs available on major indices and commodities. Eliminate your currency exposure when trading assets like gold113 words
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