The Business Times, 20 September 2011
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2011-09-20
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The Business Times
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Title Section23 2011-09-20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, September 20,23 words
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677 2011-09-20 1 EMILYN YAP - Companies contributing to rise in requests for credit reports as they check on job applicants By EMILYN YAP [SINGAPORE] As many as 10,000 people ask for a copy of their credit report from Credit Bureau (Singapore) (CBS) every month, and not all of them677 words
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Article, Illustration796 2011-09-20 1 NEIL BEHRMANN - Many believe it is inevitable; next few days crucial for eurozone, US By NEIL BEHRMANN in London GLOBAL markets are encountering renewed turbulence on fears that European nations do not have the political will to solve the crisis in Greece and other weak eurozone nations.AP - 796 words
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Article141 2011-09-20 1 HST INDEX 2,757.23 (-31.81) HST INDEX FUTURES 2,757.00 (-32.00) HSIMSCI 316.41 (-4.86) HSIMSCI FUTURES 316.20 (-5.20) FOREX US$ S$ US$ (S$ per US$) 1.259 (US$/S$ per 1.573 1.980 EURO (US$/S$/E) 1.368 1.722 Foreign currency per US$ S$ YEN 76.80 61.00 RM 3.113 2.472 HK$ 7.795 6.192 BAHT 30.46141 words
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Page 1 Advertisements
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Advertisement79 2011-09-20 1 AVIATION Airlines banking on Christmas season PAGE 2 IPO WATCH Will Man U score with investors? PAGE 20 WOMEN DIRECTORS Setting targets better than imposing quotas PAGE 3 Inc Concocting a new taste of bak kwa I PAGE 11 PATEK PHILIPPE GENEVE Begin your own tradition. kV f o> 3\//79 words
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Advertisement11 2011-09-20 1 OPINION Behold the power of the brand PAGE 21 8"*****1 *****411 words
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TOP STORIES
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Article, Illustration680 2011-09-20 2 He wants to end tax cuts for the rich passed by the Bush administration Bloomberg AFP Reuters [WASHINGTON] President Barack Obama has called for US$1.5 trillion in tax increases over the next decade to help trim the deficit, saying that US prosperityBloomberg; AFP; Reuters; REUTERS - 680 words
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634 2011-09-20 2 VEN SREENIVASAN - Falling cargo load factors now back at pre-recession levels By VEN SREENIVASAN [SINGAPORE] Faced with a potential global recession and plateauing global trade, airlines struggling to fill the cargo bellies are now pinning their hopes on the coming fourth quarter heading into the Christmas634 words
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Article543 2011-09-20 2 Employers step up credit health checks AS many as 10,000 people ask for a copy of their credit report from Credit Bureau (Singapore) every month, and not all of them are doing it just out of curiosity. Rather, for some, their potential employers are getting them to do543 words
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670 2011-09-20 3 LYNETTE KHOO - But global poll finds some support for setting quotas to raise the proportion of female board directors By LYNETTE KHOO [SINGAPORE] Setting targets on the number of women directors is a better way to achieving gender diversity in the boardroom than imposing quotas, participants670 words
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Article, Illustration608 2011-09-20 3 CHEN HUIFEN - But outcome is moot since none of them sought re-election By CHEN HUIFEN [SINGAPORE] A vote of no confidence was passed against two members of the outgoing general committee (GC) of the Singapore Island Country Club (SICC), which began a new chapter by608 words
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Page 2 Advertisements
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Advertisement201 2011-09-20 2 CO-LOCATED WITH: 27-29 SEPTEMBER 2011 KLCC, KUALA LUMPUR, MALAYSIA WWW.POWERGENASIA.COM DIVERSE SOLUTIONS FOR THE REGION’S POWER INDUSTRY CHALLENGES OWNED AND PRODUCED BY: LEARN AND DISCOVER MORE ABOUT ASIA’S POWER INDUSTRY POWER-GEN Asia is the region’s leading exhibition and conference discussing the highly relevant and important strategic and technical issues facing201 words
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Advertisement23 2011-09-20 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg MATS NOTICES23 words
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Page 3 Advertisements
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Advertisement105 2011-09-20 3 From ist October 2011, F&N Foods Pte Ltd will be Sole distributor for all F&N beverages in Singapore Coca-Cola Singapore Beverages Pte Ltd will cease distribution of all F&.N beverages on 30th September 2011. I v Pr <C LU en t E O LU 5 < U =1 FN yfP7/?/ra105 words
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COMPANY NEWS
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Article, Illustration599 2011-09-20 4 RONNIE LIM - 3/4 of amount is for 2 petrochem plants for Taiwan group on Jurong Island By RONNIE LIM DESPITE the worsening global financial outlook, the “signs are still good” for petrochemicals customers who are proceeding with projects, says Rotary Engineering boss Chia Kim599 words
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Article, Illustration535 2011-09-20 4 Reuters [NEW DELHI] Indian hospital chain Fortis Healthcare (India) Ltd will buy Singa-pore-based sister firm Fortis Healthcare International in a move to bring all of the group’s health businesses under one firm, group chairman Malvinder Singh said. Terms of the all-cash deal willReuters; FILE PHOTO - 535 words
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636 2011-09-20 4 LYNN KAN - By LYNN KAN A CHANGE in Baker Technology’s accounting treatment of its 15 per cent indirect stake in PPL Shipyard was in focus yesterday in the ongoing legal battle between former shareholder PPL Holdings (PPLH) and 85 per cent owner Sembcorp636 words
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Article, Illustration334 2011-09-20 5 KELLY TAY - Plans to list new spin-off entity on Taiwan Stock Exchange By KELLY TAY CONSTRUCTION company Lian Beng Group Ltd yesterday said that it intends to spin off its subsidiaries, Lian Beng Engineering Machinery Pte Ltd (LBEM) and Sinmix Pte Ltd, into a newFILE PHOTO - 334 words
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Article, Illustration305 2011-09-20 5 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Airlines will deploy its Airbus A380 superjumbo on the Singapore-Frank-furt-New York route from Jan 15, 2012. The plane will replace the Boeing 747-400, representing a daily increase of 25 per cent in seat capacity. Frankfurt and New305 words
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313 2011-09-20 5 CARINE LEE - By CARINE LEE AS part of its strategy to transform Singapore into a leading global accountancy hub for Asia-Pacific, the Pro-Tem Singapore Accountancy Council (SAC) yesterday announced the establishment of the CFO Institute at its inaugural CFO-targeted networking event, CFO Connect. The313 words
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357 2011-09-20 5 LYNETTE KHOO - By LYNETTE KHOO GLOBAL Logistic Properties (GLP) has entered into a binding agreement to form a joint venture (JV) with a Chinese logistics company Transfar Road-Port to develop logistic hubs in China. Under the agreement, GLP will take a 60 per cent stake357 words
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418 2011-09-20 8 MICHELLE TAN - Alliance with 3 firms will help capture M’sian oil and gas chartering business By MICHELLE TAN NAM Cheong subsidiary, Nam Cheong Dockyard Sdn Bhd (NCD), has entered into a joint venture agreement with three major marine support services players in its latest expansionary move.418 words
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Article, Illustration882 2011-09-20 8 Bloomberg [SINGAPORE] Gold, platinum and Brent oil will lead gains in commodities as investors seek to protect their assets and shortages emerge, according to Tony Hall, the hedge fund manager who earned 33 per cent for his clients this year. Gold mayBloomberg; REUTERS - 882 words
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COMPANY BRIEFS
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72 2011-09-20 8 STX OSV Holdings said it has secured new contracts worth NOK 750 million (S$166 million) for the design and construction of three advanced stern trawlers for Aker Seafoods ASA. Aker Seafoods is listed on the Norwegian stock exchange, and is one72 words
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95 2011-09-20 8 M1 Ltd said the company and Vodafone have mutually agreed to not renew their partnership when the M1-Vodafone Co-Operation Agreement expires on Dec 31 this year. Through the Vodafone partnership, M1 was the first operator in Singapore to offer direct dial on prepaid95 words
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58 2011-09-20 8 CENTILLION Environment Recycling announced that it was canning its 100-into-one share consolidation plan for now. The company said its directors have decided to put the scheme on hold till further notice so that it can utilise its manpower and resources to focus on exploring new58 words
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121 2011-09-20 8 NEPTUNE Orient Lines (NOL) reported an 8 per cent rise in its cargo in the four weeks to Aug 26 from a year ago, but weaker Asia-Europe and intra-Asia rates pushed its average revenue lower by 20 per cent. NOL said121 words
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121 2011-09-20 8 MENCAST Holdings announced that it has issued and allotted 2.22 million first tranche consideration shares at the issue price of 54.5 Singapore cents each to Tan Eng Hoe Edwin and Ong Yong Chye for the acquisition of Unidive Marine Services Pte Ltd. The shares121 words
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Page 4 Advertisements
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Advertisement38 2011-09-20 4 2010 EDITION A collection from The Business Times The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age 52 interviews by The Business Times journalists Available at all leading bookstores38 words
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Advertisement200 2011-09-20 5 11 Latin Asia Business Forum 2011 Latin Asia Business Forum 2011 Fostering Trade and Investment between Asia and Latin America 5 October 2011 Grand Hyatt, Singapore W2 WJ I Returning for the eighth year, the Latin Asia Business Forum will bring together Latin American Ministers and business leaders from Latin200 words
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SINGAPORE MARKETS
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Article, Illustration584 2011-09-20 6 R SIVANITHY - External macro factors now play the dominant role in determining where stocks head, brokers say STOCKS R SIVANITHY Senior Correspondent PERHAPS not surprisingly given the absence of concrete bailout news from Europe, stock markets in this part of the world weakened sharply yesterday, ledSource: Bloomberg - 584 words
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Article186 2011-09-20 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 11 1 0 0 0 0 11 1 Manufacturing 21 71 33 4 3 2 25 74 35 Commerce 9 27 13 1 8 1 10 35 14 Tpt/Stor/Comms 9 25 6186 words
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Article121 2011-09-20 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,958 15,958 62,379 62,379 Manufacturing 102,322 28,713 131,035 102,932 214 103,146 Commerce 135,486 3,415 138,901 125,810 300 126,110 Tpt/Stor/Comms 106,402 1,537 107,939 157,444 187 157,631 Finance 13,304 438 13,742 123,184 92 123,276 Construction 10,732 2,123121 words
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Article114 2011-09-20 6 Stock name Close Change CapMallsAsia 1.280 -0.010 CapitaLand 2.520 -0.020 CapitaMall 1.910 -0.025 CityDev 9.810 -0.150 ComfortDelGro 1.320 -0.010 DBS Grp 12.280 -0.350 F&N 5.720 -0.130 GLP 1.725 -0.045 Genting SP 1.645 -0.040 Golden Agri 0.670 -0.015 HK Land 4.980 -0.120 JMH 50.400 +0.140 JSH 27.800114 words
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Article65 2011-09-20 6 Sep 19 VALUE CLOSE BT OB/OS -154.00 +61.00 BT CADI -*****.00-196.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 636.02 -10.99 FTSE ST Small Cap 435.76 -5.67 FTSE ST All Share 667.91 -8.37 FTSE ST China Top 197.88 -3.38 FTSE ST China 232.76 -3.17 FTSE ST65 words
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Article57 2011-09-20 6 VOLUME Sheng Siong 77,258,000 Genting SP 49,120,000 Golden Agri 34,060,000 HanKore 29,904,000 STXOSV 26,728,000 Noble Grp 21,755,000 SingTel 20,915,000 Goldtron 20,802,000 HPH Trust US$ 18,198,000 Yangzijiang 14,971,000 VALUE($) Genting SP 81,000,015 SingTel 64,085,721 UOB 40,338,290 Keppel Corp 40,296,480 DBS Grp 39,273,470 Sheng Siong 34,288,330 Noble Grp 33,167,12557 words
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Article114 2011-09-20 6 BY CENTS CLOSE UP GLD 10US$ ***** 428.0 2.0 IS DJ US Tech 6020 367.6 5.1 DBXT MSEurope 10US$ 3893 162.4 3.4 DBXT STGLDv100 10US$ 2641 139.7 4.4 DBXT MSJAP 10US$ 3602 109.5 2.5 DBXT S&P500 10US$ 1918 100.7 4.4 DBXT FTVietnam 10US$ 2728 96.9 2.9 Lyxor MS India114 words
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BROKERS’ TAKE
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Article, Illustration354 2011-09-20 6 Sept 19 close: $2.50 KIM ENG, Sept 19 WHAT’S new: Olam announced this month positive newsflow in the form of an important milestone for its Gabon fertiliser project, as well as the acquisition of sugar milling facilities in India for US$73.8 million. With the stock up 8 perSource: Bloomberg - 354 words
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Article195 2011-09-20 6 LYNN KAN - Compiled by LYNN KAN Agri-Resources Sept 19 close: $0.67 CIMB, Sept 19 WE are positive but not surprised that PT SMART has received RSPO certification for 14,955 ha of estates and one mill. Efforts put in place by the group to regain its reputation as a sustainable producer195 words
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488 2011-09-20 6 CURRENCIES Reuters [NEW YORK] The euro fell yesterday after European officials ended a meeting without agreeing on new ways to tackle the region’s debt crisis, stoking fears that a possible Greek default would hurt larger economies and European banks. The euro shedReuters - 488 words
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Article124 2011-09-20 6 BY CENTS CLOSE DOWN IS S&P500 *****-175.0 -1.1 DBXT MSKorea 10US$ 5066-171.2 -2.6 DBXT Nifty 10US$ *****-167.4 -1.2 Lyxor AsiaMT 10US$ 5584-112.0 -1.6 DBXT MSAsExJp 10US$ 2838-110.8 -3.0 DBXT FTChina25 10US$ 2617-105.7 -3.1 Lyxor AsiaCS 10US$ 5191 -96.9 -1.5 DBXT SPASX200 10US$ 3091 -91.9 -2.3 DBXT MSINDO 10us$ 1430124 words
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Advertisement77 2011-09-20 6 12 B V LG A R I CALIBRO 303 BV LGA R I z o u < u TAK ASH I MAYA PARAGON SHOPPING C THE NEW DIAGONO CALIBRO 303 BOUTIQUES E PA RT M E N T STORE 65 6735 6689 HILTON HOTEL 65 6737 1652 jITRE 65 683677 words
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Advertisement300 2011-09-20 7 WHERE A BUSINESS GOES DEPENDS ON WHERE IT IS Marina Bay Financial Centre (MBFC) welcomes you to seize this limited opportunity to be part of Tower 3 and one of the world's most r I I M vibrant financial hubs. An iconic addition to the heart of the New Downtown,300 words
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Advertisement190 2011-09-20 8 Citi Paragon Platinum MasterCard Exclusive C iti Receive an exclusive Mercedes-Benz Adidas shoe bag worth $49 when you charge a minimum of $400* in a single receipt to your Citi Paragon Platinum MasterCard at Paragon. Other Citibank Credit/Debit Cardmembers need to charge $500* in a single receipt. i 1 Rev-Up190 words
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Advertisement220 2011-09-20 9 THE STRAITS TIMES. rrtE _SXB4' v a 6 > H Print. r4 Online. 4 i. IL THE STRAITS TIMES. ($24.65 per month) A ST Online ($26.65 per month) 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. jU y220 words
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SINGAPORE NEWS
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Article, Illustration568 2011-09-20 10 DOLLY CHIA - S’pore joins nations with strongest fall in insolvency, but global risks rising By DOLLY CHIA DESPITE the economic slowdown, fewer businesses are going bust. In Singapore, business failures fell by 10 per cent year-on-year in Q2 2011, with global insolvency trends falling to their568 words
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Article386 2011-09-20 10 TEH SHI NING - S’pore will grow faster than Switzerland: CEBR By TEH SHI NING ASEAN’S growth will increasingly be led by domestic consumption instead of exports, Centre for Economics and Business Research (CEBR) chief executive Douglas McWilliams said yesterday. And Singapore, at the heart of this region, will386 words
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404 2011-09-20 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI THE Urban Redevelopment Authority (URA) has accepted an application from a developer to put an office site at Mountbatten Road up for public tender. The unnamed developer has committed to bid at a price of not less than $8,210,250 in the404 words
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613 2011-09-20 10 FELDA CHAY - By FELDA CHAY JEWELLERS in Singapore have been working to live up to the gold standard of reporting the purity of their pieces, and it shows: a study by consumer watchdog Case released yesterday found that just one of 30 retailers, or613 words
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261 2011-09-20 10 MICHELLE TAN - By MICHELLE TAN SINGAPORE Cruise Centre Pte Ltd (SCC) has joined hands with several international partners to provide better support to cruise ships that berth in Singapore via a new cost-effective platform, Cruise 360. The Cruise 360 initiative aims to provide an array261 words
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Page 10 Advertisements
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Advertisement1044 2011-09-20 10 [SATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HONG LEONG STRATEGIC HOLDINGS PTE LTD (In Member’s Voluntary Liquidation) Co. Reg. No. *****7219M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of Hong Leong Strategic Holdings Pte Ltd (the “Company”)1,044 words
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Advertisement62 2011-09-20 10 How to run a business without running out of ideas SME Sept/Oct issue out now! Produced by Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838. Get62 words
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SME Inc
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Article, Illustration915 2011-09-20 11 LESTER HIO - O Savory promises to unleash a taste of bak kwa upon Singaporeans that few would have ever thought possible, reports LESTER HIO THERE’S something fishy about the bak kwa Derek Ong is selling. It looks like bak kwa it’s red and nicely barbecued. It certainlyARTHUR LEE - 915 words
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Article, Illustration770 2011-09-20 12 KENNETH HENG JI HAO, KWEK HSIEN YAO, SHERLYN LOH NOI SAN - The company’s fast multipurpose supply vehicles are the first such vessels in the world and it has already seen success in overseas markets, report KENNETH HENG JI HAO, KWEK HSIEN YAO SHERLYN LOH NOI SAN The writers are students of NUS Business School ‘LET’SARTHUR LEE - 770 words
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475 2011-09-20 12 ASK NUS PROFS Q: Under what conditions do we appoint a celebrity spokesman for our company and product? What are the factors to look out for? Would it adversely affect our company if the celebrity gets embroiled in a scandal like Jack Neo’s? A:475 words
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Article, Illustration890 2011-09-20 12 CHAN CHIA HENG,MARC NG HAN MENG, KENNETH VAIBHAV SAHARAN - By CHAN CHIA HENG,MARC NG HAN MENG, KENNETH VAIBHAV SAHARAN The writers are students ofNUS Business School SITTING in an office surrounded by rows of products bearing the Fei Fah insignia, Lawrence Lau, the group managing director, looks away with an expression of nostalgia as heFILE PHOTO - 890 words
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Article, Illustration1007 2011-09-20 13 KAREN NG - The homegrown TCM firm is constantly innovating and differentiating to stay ahead of the competition, reports KAREN NG reports KAREN NG HOMEGROWN Traditional Chinese Medicine (TCM) firm Wen Ken, famous for its Three Legs Cooling Water product, knows that the only way to stayARTHUR LEE - 1,007 words
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Article, Illustration602 2011-09-20 13 NICHOLAS YEO - By NICHOLAS YEO AS many food and beverage (F&B) operators in Singapore like to make it known, the food retailing business is hardly a cushy job. Notwithstanding the long working hours, one also often has to deal with a shortage of service employees,YEN MENG JIIN - 602 words
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Advertisement91 2011-09-20 11 i liVLLMLkkkkk fclllk JjiLMIL UUIIII0U 'rr II >*****. ktkll! .ID Lk kk LI kk II mm tiiifiiiii mm ii A J* 2 A CONTRACT IS SIGNED IN SINGAPORE. BYTHE NEXT DAY IT TOUCHES DOWN IN WALL STREET. As the International Specialists, everything we do is about time. Just like our91 words
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Advertisement10 2011-09-20 11 ASK NUS PROFS Is a celebrity endorsement worth it? PG10 words
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Page 13 Advertisements
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Advertisement38 2011-09-20 13 ASTHMATIC? SLEEP ON WATER! Waterbeds are made from hygienic vinyl and removable washable covers, preventing the accumulation of harmful dust mites and particles. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-138138 words
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Advertisement1048 2011-09-20 13 MATS NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg COGENT HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0813D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting of Cogent Holdings Limited (Company) will be held at Jurong1,048 words
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ECONOMY WATCH
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Article, Illustration781 2011-09-20 14 Investors withdraw more funds than in five months since Lehman’s collapse Bloomberg [NEW YORK] Investors have pulled more money from US equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings Inc, adding toBloomberg; AP - 781 words
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Article, Illustration582 2011-09-20 14 IFR [HONG KONG] The Bank for International Settlements (BIS) says the flow of international credit, fuelled by major central banks’ bond purchase operations, could limit emerging market monetary authorities’ ability to slow credit growth in their economies. In a report released yesterday,IFR; BLOOMBERG FILE PHOTO - 582 words
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612 2011-09-20 14 Cost of insuring its bonds above lower rated Bulgaria’s Bloomberg [MADRID] Spanish debt is more expensive to insure than Baa2-rated Bulgaria, signalling the euro region’s fourth-biggest economy may not warrant its Aa2 credit status. Moody’s Investors Service rates Spain two levels below AAABloomberg - 612 words
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554 2011-09-20 14 Surge in enforcement of 1977 law leads to huge fines on many companies AFP [NEW YORK] Envelopes stuffed with cash and lavish gifts for foreign officials were once standard practice for companies chasing profits in the red-hot markets of Asia, Africa andAFP - 554 words
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MALAYSIA
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572 2011-09-20 15 Overseas funds sold RM3.8b of Malaysian shares last month Bloomberg [KUALA LUMPUR] Overseas investors who sold the most Malaysian stocks in at least two years in August may sell more shares even as the government pledges reforms to attract foreign capital,Bloomberg - 572 words
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Article, Illustration631 2011-09-20 15 S JAYASANKARAN - Najib warned against vested interests bent on keeping status quo By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Abdullah Ahmad Badawi yesterday warned his successor Najib Razak that hardliners within the ruling Barisan Nasional (BN) coalition were likely to resistREUTERS - 631 words
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928 2011-09-20 15 The Star MALAYSIA’s richest man, Robert Kuok, is often referred to as the “Sugar King” but the man himself says he does not like the title and deems it “fake fame”, The Star newspaper reported. Mr Kuok, whose empire includes the Shangri-La hotelThe Star - 928 words
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409 2011-09-20 15 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIAN palm oil producers have urged the government to review the export tax structure for crude palm oil (CPO) as intense competition from Indonesia has made local prices untenable. Indonesia cut export duty on CPO refined products409 words
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Advertisement18 2011-09-20 15 The Hongkong and Shanghai Banking Corporation Limited Oversea-Chinese Banking Corporation Limited United Overseas Bank Limited Standard Chartered Bank18 words
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GREATER CHINA/INDIA
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Article, Illustration598 2011-09-20 16 Beijing may roll out stimulus of as much as 4.65t yuan if a recession happens Bloomberg Reuters [BEIJING] Deutsche Bank AG said that China may roll out stimulus of as much as 4.65 trillion yuan (S$917 billion), including subsidies on consumer goods,Bloomberg; Reuters; AFP - 598 words
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Article, Illustration574 2011-09-20 16 [NEW DELHI] GVK Group, controlled by Indian billionaire G V Krishna Reddy, plans to raise US$1 billion selling a stake in its energy unit to help fund the purchase of coal assets from a company owned by Australia’s richest woman. TheBLOOMBERG - 574 words
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534 2011-09-20 16 Citic Securities also on track with sale to Temasek, others Bloomberg [HONG KONG] Sany Heavy Industry Co and Citic Securities Co are pushing ahead with share sales in Hong Kong, where companies have cancelled or delayed a record US$14 billion of equityBloomberg - 534 words
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Article, Illustration643 2011-09-20 16 VIVIAN CHUNG - By VIVIAN CHUNG The writer is a financial journalist who focuses on issues relating to Hong Kong or China EJ Insight [HONG KONG] BYD Co Ltd chairman Wang Chuanfu was forthright when he spoke at a shareholders meeting on Sept 9. He admittedEJ Insight; BLOOMBERG - 643 words
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370 2011-09-20 16 Reuters Bloomberg [BEIJING] A solar panel company in eastern China at the centre of violent protests over toxic waste apologised yesterday, and has been told to stop work at one of its plants. The protests began last Thursday, when asReuters; Bloomberg - 370 words
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Advertisement6 2011-09-20 16 Amid stockslump19S-chip companies embarkonshare buybackstoo Tosubscribe,call6388-3838orgotosphsubscription.com.sg6 words
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WORLD
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484 2011-09-20 17 Investigation is expected to take weeks and not months: source Reuters [ZURICH] UBS kicked off an internal investigation into the catastrophic failure of its risk systems after rogue equity trades cost the Swiss bank US$2.3 billion, raising the pressure on top management.Reuters - 484 words
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Article, Illustration389 2011-09-20 17 Bloomberg [LONDON] A rare case of Ro-manee-Conti 1990 Domaine de la Romanee-Conti Burgundy has sold for HK$ 2 3 2 million (S$369,000) in Hong Kong a price that auction house Acker, Merrall Condit said set a world saleroom record for that vintage. The wineBloomberg; AFP - 389 words
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Article, Illustration493 2011-09-20 17 Setback for govt comes ahead of key eurozone fund vote AFP [BERLIN] German Chancellor Angela Merkel’s coalition allies were yesterday picking through the rubble of an election disaster in Berlin that weakened the government ahead of a crucial vote on theAFP; BLOOMBERG - 493 words
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404 2011-09-20 17 Deal covers charges bank helped German citizens dodge taxes [ZURICH] Credit Suisse is to pay a fine of 150 million euros (S$256 million) to end an investigation of its employees in the German city of Duesseldorf over allegations that they helped404 words
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Article, Illustration434 2011-09-20 17 AFP [PARIS] Opponents of shamed former International Monetary Fund (IMF) chief Dominique StraussKahn yesterday denounced a supposedly revelatory prime-time interview about his New York rape trial as a scripted public relations exercise. More than 13 million people watched Sunday’s 24-minute supposedAFP - 434 words
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Article, Illustration588 2011-09-20 18 More funding, legal reforms to make it a growth industry Reuters [SEOUL] South Korean President Lee Myung-bak yesterday vowed a series of regulatory reforms to help regain its place as a stem cell research powerhouse, trying to reclaim momentum five years after aReuters; REUTERS - 588 words
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870 2011-09-20 18 Generic drugmakers have not been able to copy complex drugs until now NYT [NEW YORK] Chinese and Indian drugmakers have taken over much of the global trade in medicines and now manufacture more than 80 per cent of the active ingredients in drugsNYT - 870 words
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814 2011-09-20 18 Bloomberg [WASHINGTON] Empowering women is “smart economics”, the World Bank says in a report whose message resonates with white-collar workers like unemployed Chilean investment adviser Fanny Contreras, who said gender discrimination may make it harder to find the job she wants. “InBloomberg - 814 words
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Article, Illustration451 2011-09-20 18 AP [LONDON] Let the audits begin. As the UK tightens its belt during economic uncertainty, a senior government official said on Sunday he was hiring more than 2,000 extra tax inspectors to make sure that Britain’s wealthiest feelAP - 451 words
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590 2011-09-20 19 Study by WEF and Harvard quantifies likely expense of cancer, diabetes and other non-contagious illnesses Bloomberg [SINGAPORE] Productivity losses and medical treatment for cancer, diabetes and other non-contagious diseases will cost US$47 trillion by 2030, according to the first study that quantifies theBloomberg - 590 words
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Article, Illustration825 2011-09-20 19 Kate Winslet leads fellow Brits in garnering gongs AFP [LOS ANGELES] Cult ad agency drama Mad Men won the best drama Emmy for the fourth year on Sunday, while Kate Winslet led a gang of Brits taking gongs at US television’s annual awardsAFP; Sources: AFP, AP - 825 words
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452 2011-09-20 19 It’s unlikely to make US$3.12 a share in H2 amid rivalry Bloomberg [TORONTO] Research In Motion Ltd (RIM), which disappointed investors last week for the third quarter in a row, will probably fall short of full-year forecasts too amid intensifying competition from Apple IncBloomberg - 452 words
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573 2011-09-20 19 Reuters [LONDON] British companies could become harder targets after the country adopted new takeover rules yesterday, just as the economic uncertainty of the last few weeks threatens to reverse last year’s rebound in dealmaking activity. London’s takeover panel revised the country’s merger regime afterReuters - 573 words
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323 2011-09-20 19 Reuters [TOKYO] Japan’s biggest defence contractor, Mitsubishi Heavy Industries Ltd, said yesterday hackers had gained access to its computers, with one newspaper saying its submarine, missile and nuclear power plant component factories had been the target. The company said in a statement thatReuters - 323 words
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Page 18 Advertisements
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Advertisement8 2011-09-20 18 www.omy.sg W>'J 1 K3 K > a lifestyle.omy.sg Ultrabooks!8 words
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Advertisement27 2011-09-20 18 ***** (SiliREETiliEAM Catch the SteflKim i win ■K TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD! TODAY'S BEST MUS.G27 words
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EDITORIAL & OPINION
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Article, Illustration919 2011-09-20 20 MAK YUEN TEEN - Its IPO fans would have to consider the issues of dividends and preferential rights By MAK YUEN TEEN The writer is an associate professor at the NUS Business School AFTER the slew of S-chips over the past few years, it appears that we willREUTERS - 919 words
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Article, Illustration785 2011-09-20 20 ROBERT SAMUELSON - Sovereign debt vulnerable banks another crisis THE BOTTOM LINE ROBERT SAMUELSON EUROPE’S banking crisis and “crisis” is used advisedly tells us how much and how little has changed since the onset of global financial turmoil in September 2008. Then, people worried about the viability of major American banks, loaded with785 words
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498 2011-09-20 20 EDITORIAL IT is remarkable that the minority government of Julia Gillard is struggling in the opinion polls and seems destined to lose office at the next election, given that the economy is doing well. The Australian economy has picked up again, growing 1.2 per498 words
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Article, Illustration1286 2011-09-20 21 ADEL F DIMIAN - A Louis Vuitton bag carries things while a Rolex watch keeps time but they are worth more than their intrinsic values By ADEL F DIMIAN The writer is associate professor of strategic management (practice) and director of the new Master of Science in innovationBLOOMBERG - 1,286 words
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Article, Illustration1029 2011-09-20 21 HARISH MEHTA - By HARISH MEHTA The writer lectures in history in Toronto. He is currently visiting India THE four-month-old government of Mamata Banerjee, the chief minister of West Bengal, has launched a flurry of interesting development plans to revive the economy of the state and itsAFP - 1,029 words
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AVIATION
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Article, Illustration712 2011-09-20 22 VEN SREENIVASAN - It forecasts doubling of global passenger fleet to 31,500 with booming demand By VEN SREENIVASAN [SINGAPORE] The demand for commercial aircraft will keep soaring, with Airbus predicting in its latest Global Market Forecast (GMF) that some 27,800 new planes will be required by712 words
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441 2011-09-20 22 It expects to start work in near future but doesn’t say who is building the plane Bloomberg [LONDON] Rolls-Royce Holdings expects to get a chance to build an engine for an all-new narrow-body plane in the “near future” after failing toBloomberg - 441 words
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Article, Illustration564 2011-09-20 22 Move follows plans by ground staff to strike this week due to stalled pay talks AFP [SYDNEY] Australian carrier Qantas will cancel 28 flights and delay a further 27 due to a ground staff strike this week that would affect more than 6,000AFP; REUTERS - 564 words
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395 2011-09-20 22 Compliance will cost US$2b a year, says industry group Reuters [WASHINGTON] Big US airlines told the Obama administration complying with a regulation in the works to combat pilot fatigue would cost US$2 billion a year and over time cut 27,000Reuters - 395 words
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288 2011-09-20 22 Some forced to cut flights and ground new jets: official AFP [HONG KONG] Asia-Pacif-ic’s booming aviation sector is facing a serious pilot shortfall with some carriers forced to cut flights and ground new planes because of the gap, US aviation giant Boeing said yesterday.AFP - 288 words
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Page 22 Miscellaneous
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Miscellaneous352 2011-09-20 22 CRYPTIC CROSSWORD Across 1 Fix the car before start of arrangements for air passage (7) 5 Cats, say, showing noted talent (7) 9 A fruit not cored provides nutritious substance (7) 10 Craftsman who’s not so keen on working after golf (7) 11 Panicky sort of cow in eye line352 words
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2830 2011-09-20 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 Destination2,830 words
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Page 23 Advertisements
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Advertisement15 2011-09-20 23 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SHIPPING
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Article, Illustration563 2011-09-20 24 Maersk worries that nervousness in markets may spill over into economy Bloomberg [LONDON] AP Moeller-Mae-rsk, the No 1 container line, said it’s struggling to raise peak season rates on the Asia-Europe shipping route, the world’s sec-ond-busiest, as an influx of new vessels leadsBloomberg - 563 words
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Article278 2011-09-20 24 SGX '000 Sep 19 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.21 unch 50 Cosco Corp 1.01 -0.03 ***** CWT Ltd 1.03 -0.02 90 Ezra Hldgs 0.92 -0.02 2699 First Ship Lea 0.30 -0.01 600 Freight Links 0.06 unch 492 Grand Banks unch unch 0278 words
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665 2011-09-20 24 Uprising against president throws economy off track Reuters [AMMAN] From his window on the corniche of Syria’s Mediterranean port city of Tartous, an international shipper bemoans the change since a popular uprising six months ago engulfed the country and dealt a heavy blow toReuters - 665 words
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314 2011-09-20 24 Bloomberg [OSLO] Growth in demand for supertankers that deliver about a fifth of the world’s oil dropped to zero as slowing economies in Europe and the US curbed shipments, according to Peter Anker, chief executive officer of RS Platou ASA, Norway’s biggest shipbroker.Bloomberg - 314 words
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382 2011-09-20 24 Market to pick up after weaker shipping lines exit: Gemadept Bloomberg [HANOI] Gemadept Corp, Vietnam’s biggest listed freight company, expects local cargo rates to rise from mid-2012 as the failure of smaller rivals eases competition. “Many shipping companies are trying toBloomberg - 382 words
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Page 24 Advertisements
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Advertisement27 2011-09-20 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132727 words
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Advertisement22 2011-09-20 24 L e gal I services I 5 J required by I sen,ices l I here in the snippers I shipping owners Tnes!22 words
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Page 25 Advertisements
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Advertisement27 2011-09-20 25 j k Mi PU RF BREITLING 1884 MANCE PURE BREITLING TEL. +65 6732 6347 WWW.BREITUING.COM Am U r f i ML *N jr w CHRONOMAT SGD 13,250*27 words
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SINGAPORE STOCKS
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Article7939 2011-09-20 25 Transaction date: Sep 19 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 12.5 12.5 15.5 7.8 4.9 2.6 59.9 9.5 4.5 A-Sonic 4.8 -0.2 34 4.8 4.8 4.8 5.27,939 words
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Article1489 2011-09-20 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 15.4 +0.4 100 15.5 15.4 14.7 15.4 4.7 3.6 6 27.5 5.5 3.7 t AA Grp 4 2.7 191,489 words
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Article10072 2011-09-20 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.95/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.5919/ Asian Credit Fund10,072 words
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Article225 2011-09-20 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 $mil 56 34 AVJennings A46cd 39 45 3.6 7.6 3.7 119.8 55 29.5 Genting HK US$ US32 -1.5 7975 33.5 32 32 32.5 2107 20.5 10 OGL Resources225 words
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Article877 2011-09-20 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 $mil 130 108 ABF SG Bond ETF 130 +5 300 130 130 122 128 593.4 1261 950 CIMBAsean40 100US$ US983 +19 951 958 39.3 350 276 DBS877 words
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FINANCE & COMMODITIES
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374 2011-09-20 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 16 Index Change Change Change Change Change Change World Index Preliminary 811.7 0.4 -9.6 0.1 -11.2 0.4 -8.3 EAFE Preliminary 673.5 1.0 -15.9 0.6 -16.1 0.8 -13.4 Europe Preliminary 979.2 0.5374 words
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Article77 2011-09-20 27 CRUDE OIL PRODUCTS Sep 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.30 -0.35 WTI (Near Mth) 87.92 -1.36 Dubai (1-Mth F) 108.50 1.44 Tapis blend 124.14 2.40 Minas 118.19 2.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.11 2.00 Jet Kerosene 126.85 3.15 US$/barrel Opec Oil77 words
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Article107 2011-09-20 27 Sep 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 11 1355.50 1358.75 1368.75 1350.00 Jan 12 1367.00 1370.25 1380.00 1362.00 Mar 12 1375.25 1378.00 1387.25 1370.00 May 12 1380.50 1382.25 1392.50 1375.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 11 56.55107 words
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Article79 2011-09-20 27 Sep 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22.12.2011 0.18 0.17 0.16 1-Year BY*****X 02.05.2012 0.19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.81 103.84 103.82 5-Year N*****0W 1.125 01.04.2016 102.879 words
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Article442 2011-09-20 27 Sep 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6475 0 2500 Dec11 99.4900 0 2751 Mar12 99.4700 0 1325 Jun12 99.4900 0 1271 EUROYEN TIBOR FUTURES Dec11 99.6875 9 2025 Mar12 99.6875 0 2338 Jun12 99.6925 0 1470 Sep12 99.6900 0 411 Dec12 99.7500442 words
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Article175 2011-09-20 27 Sep 19 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 471.0 469.5 469.0 2 358 Nov 11 468.0 468.0 468.0 8 310 Dec 11 468.0 468.0 468.0 8 502 Jan 12 470.3 332 Feb 12 472.0175 words
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Article, Illustration107 2011-09-20 27 As on 16 Sep 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1823.30 1767.50 1818.20 1781.7 Silver DEC-11 40.495 39.775 40.050 39.515 CURRENCY US Dollar-Jap Yen SEP-11 76.80 76.78 76.80 76.68 Euro-US Dollar SEP-11 1.3865 1.3847 1.3861 1.3891 Euro-US Dollar DEC-11 1.3861107 words
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Article121 2011-09-20 27 As at 9am Sep 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.313 1.251 Can dollar 1.292 1.243 Euro 1.737 1.671 Sterling pound 1.994 1.918 NZ dollar 1.059 1.009 US dollar 1.263 1.215 Local dollars to 100 units of foreign121 words
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Article27 2011-09-20 27 Sep 19 Open High Sett STI Sep 2757 SIMSCI Sep 321.5 323.7 316.2 Taiwan Sep 268.5 270.8 263.8 Source: MF Global (S) Pte Ltd27 words
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2185 2011-09-20 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 3.3 -2.7 39 1 150 34 34.55 32 ASJ Hldgs W*****1 0.5 1 4 32 6.80 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 12,185 words
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Article155 2011-09-20 27 Sep 19 Sep $S Offer Bid 0vernight 0.03 0.02 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.02 US$ 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 0.90 0.70155 words
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Article463 2011-09-20 27 Sep 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 6.540 0.748 7.981 48.937 90.718 0.787 11.625 3.187 1.244 89.796 44.483 1.289 7.731 0.903 30.483 31.188 0.651 1.024 Canada 0.993 6.497463 words
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Article82 2011-09-20 27 Sep 19 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths -0.***** 9 mths 0.***** 12 mths82 words
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Article154 2011-09-20 27 Sep 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2884 1.2895 1.0235 1.0243 Canadian dollar 1.2799 1.2811 1.0168 1.0176 Euro 1.7218 1.7224 1.3678 1.3682 NZ dollar 1.0357 1.0365 0.8228 0.8233 Sterling pound 1.9797 1.9802 1.5727 1.5730154 words
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Article22 2011-09-20 27 Sep 19 S$ Bid Offer 1-month 1.2587 1.2589 2-months 1.2585 1.2588 3-months 1.2581 1.2583 6-months 1.2553 1.2559 Source: OCBC22 words
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Article143 2011-09-20 27 Sep 19 GOLD (US$/oz) Sep 16 Sep 19 Hong Kong 1777.00 1818.00 Sep 15 Sep 16 London 1774.94 1795.10 1777.16 1796.10 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Sep 19 (S$) Selling Buying Kilobar "78,827.97" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 177 73 5gm 501143 words
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Article71 2011-09-20 27 Sep 16 Sep 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2346.50 2340.35 3 months 2380.00 2374.00 Copper, Grade A (US$/tonne) Cash 8671.25 8686.25 3 months 8696.00 8711.00 Lead (US$/tonne) Cash 2384.25 2403.75 3 months 2365.00 2385.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article57 2011-09-20 27 Sep 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 3060 3080 3082 3059 572 5924 Noc 11 3044 3049 3060 3034 3955 ***** Dec 11 3038 3041 3054 3026 7420 ***** Jan 12 3035 304257 words
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Article82 2011-09-20 27 Sep 16 COCOA (£/tonne) Close Prev High/Low Dec 11 1807 1812 1825/1805 Mar 12 1839 1843 1856/1835 May 12 1856 1858 1868/1852 Jul 12 1870 1874 1884/1867 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2073 2012 2053/2011 Nov 11 2109 2048 2124/2030 Jan 12 2135 2074 2145/2057 Mar 1282 words
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PROPERTY
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Article, Illustration1015 2011-09-20 28 KATHLEEN CHU, KATSUYO KUWAKO - Demand for modern storage has risen after March earthquake destroyed industrial spaces, report KATHLEEN CHU, KATSUYO KUWAKO Bloomberg [TOKYO] WHEN Prologis Inc built Japan’s first logistics centre in 2002 for inventory management, storage and distribution, potential clients and lenders told the company to invest in mallsBloomberg; STOCK.XCHNG - 1,015 words
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Article, Illustration820 2011-09-20 29 Homes up to 25% overvalued; latest boom-to-bust cycle fails to draw buyers Bloomberg [COPENHAGEN] Denmark’s property market may be facing another correction after a housing boom that turned to bust at the height of the financial crisis failed to push prices low enough toBloomberg; AFP - 820 words
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Article595 2011-09-20 29 Regulator wants to avoid a property bubble due to a growing debt burden Bloomberg [OSLO] Norway’s financial regulator may force mortgage lenders to adopt stricter rules in an effort to prevent the biggest household debt burden in more than two decades from fanning a propertyBloomberg - 595 words
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Article, Illustration486 2011-09-20 30 Fewer properties for sale and investors eyeing safer assets amid market turmoil cited for the rise Bloomberg [LONDON] London home sellers raised asking prices by the most in seven months in September as a lack of properties for sale and investors looking for saferBloomberg; AFP - 486 words
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610 2011-09-20 30 But credit checks have created capital raising hurdles Reuters [SHENZHEN, China] China’s credit clampdown on the property sector is providing more opportunities for domestic real estatefocused private equity funds like CURA, but it has also created higher capitalraising hurdles for the funds, its CEO said.Reuters - 610 words
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297 2011-09-20 30 Reuters [HONG KONG] Tightening liquidity in Hong Kong may continue to push up mortgage rates in the Chinese territory, the head of HSBC Holdings plc in Asia said yesterday, potentially damping already weak real estate sentiment even further. HSBC revised its mortgageReuters - 297 words
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Page 28 Advertisements
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Advertisement474 2011-09-20 28 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Ill > mm Specialist Mortgage474 words
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Advertisement366 2011-09-20 28 999,999-year Leasehold Residential Site CHANGIRD co FOWLIERDRD Parkway East Q Hospital cc T q EAST COAST RD Subject Site CHIJ uj (Katong) l_ Pri MARINE PARADE RD Parkway Marina Parade Parade Community Bldg Public Library Ceylon Flats 22-28C Ceylon Road Land Area: 2,152.4 sq m (23,168 sq ft) Allowable Plot366 words
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Advertisement163 2011-09-20 28 l! lw l I;W I n THE BESPOKE HERITAGE SERIES Incredibly Stylish Shophouse Row One of a kind heritage conserved 999 years fashionably restored Incredible investment opportunity for foreigners and locals near MRT Call 6222 5055 Principals Please email: info@isabelredrup.com 9sa£efJZeJrup Cflyency Agency Licence No: L*****87E www.isabelredrup.com Brand New B1163 words
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Page 29 Advertisements
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Advertisement80 2011-09-20 29 OIL PALM LAND FOR SALE Excellent Investment Foreign Co. Can Own 100% Shares Country: Malaysia Freehold/Leasehold (Balance Lease 314/895 Yrs) 21,900 Acres, RM 800 Millions Leasehold (Balance Lease 86 Yrs) 15,000 Acres, RM 248 Millions Genuine Seller, Below Market Price •Very Easy To Manage The Land Very Profitable, Yield 20%80 words
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Advertisement121 2011-09-20 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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Advertisement481 2011-09-20 29 c Vtf-iJbU RESIDENCE <4 Wilby Central *****888 Wilby Bukit Timah *****505 T1 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 For more481 words
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Page 30 Advertisements
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Advertisement120 2011-09-20 30 Investment J T rends (^MARKETS The more you trade the more you save I0MARKFJS j Tickets ~j [Tc I Layouts 11 Help wa enlists mm win "< nq *VUon 9 <"'0ate >'yqr i£J Ll "lrl l;, r Enjoy automatic rebates every month with Singapore's No.1 for CFD Customer Satisfaction. Make120 words
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