The Business Times, 3 July 2012

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Microfilm: NL32073
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, July 3, 2012
    25 words
  • Article, Illustration
    Lock icon At Office, cubicles go out the Windows
    656 1  -  Microsoft goes for open-office plan in radical revamp that others may follow By JOYCE HOOI [SINGAPORE] The cubicle is set to go the way of landline phones and the eighttrack, Microsoft reckons. Employees at its Marina Boulevard office are free to roam with
    656 words
  • Article
    Lock icon Asean traders still waiting for missing link
    725 1  -  By JAMIE LEE [SINGAPORE] June has come and gone and there’s still no sign of the Asean trading link, which was supposed to have been launched last month. For some reason, the market players have gone strangely silent on the link, given that
    725 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,910.59 (+32.14) GST INDEX FUTURES 2,909 (+32) GSIMSCI 335.39 (+3.25) GSIMSCI FUTURES 335.50 (+3.40) US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.565 1.985 EURO (US$/S$/E) 1.263 1.601 Foreign currency per US$ S$ YEN 79.60 62.80 RM 3.167 2.498 HK$ 7.756 6.118 BAHT 31.60 24.93 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.217 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
      18 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      483 2 At Office, cubicles go out the Windows THE cubicle is set to go the way of landline phones and the eight-track, Microsoft reckons. Employees at its Marina Boulevard office are free to roam with laptops across an open-plan space that looks more like Starbucks than white-collar purgatory. If
      483 words
    • Article, Illustration
      Lock icon Chinese banks jump up in global rankings
      366 2  -  China banks top list of most profitable banks: magazine By EMILYN YAP [SINGAPORE] Europe’s pain has become China’s gain, as the latest bank rankings from a Lon-don-based magazine show. According to data compiled this year by The Banker (which is part of the
      Source: www.thebankerdatabase.com  -  366 words
    • Article, Illustration
      Lock icon Barclays’ Agius resigns; pressure mounts on CEO
      771 2  -  By NEIL BEHRMANN in London BARCLAYS chairman Marcus Agius resigned yesterday, taking responsibility for the bank’s £290 million (S$576 million) fine over the interest rate-fixing scandal, saying the “buck stops with me”. Still, there is growing pressure on CEO Bob Diamond to follow
      REUTERS FILE PHOTO  -  771 words
    • Article
      Lock icon China’s private-sector mfg activity plummets in June
      665 2 Indian factories boost output; hires at fastest pace in over two years Reuters [BEIJING] China’s factory activity shrank in June at the fastest pace in seven months as new export orders tumbled to depths last seen in March 2009, a privatesector survey showed,
      Reuters  -  665 words
    • Article, Illustration
      Lock icon Resistance to price growth in mass market homes
      766 2  -  URA flash estimates show buyers turning to higher-tier resale properties By MINDY TAN [SINGAPORE] Homebuyers are demonstrating growing resistance towards further price growth in the mass market segment, turning instead to completed high-er-tier properties in the secondary market. According to the latest
      Source: URA  -  766 words
    • Article, Illustration
      Lock icon Executive search: an industry transformed
      1458 4  -  For the Big Five firms, headhunting is no longer all that they do By ANNA TEO [SINGAPORE] Dozens of executive search consultants from around the region gathered in Singapore recently, to network and hear about global trends in talent management and the imperatives for leaders
      Source: AESC  -  1,458 words
    • Article, Illustration
      Lock icon Ozawa, 51 other MPs defect from ruling DPJ
      786 4  -  By ANTHONY ROWLEY in Tokyo VETERAN politician Ichiro Ozawa yesterday led a group of 52 members out of the ruling Democratic Party of Japan (DPJ), dealing a near-mortal blow to the administration of Prime Minister Yoshihiko Noda and setting himself up as
      786 words
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      Lock icon Page 3 Advertisements Column 1
      83 3 SMARTER MOBILITY Let’s go further using less energy. At Shell we are constantly working to find innovative ways to move people and goods, safely, cost-effectively and with a reduced impact on the environment. The Shell Eco-marathon challenges student teams from around the world to design, build and test ultra energy-efficient
      83 words
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      88 4 The SME Magazine coming to you with your copy of The Business Times today! IN THIS ISSUE: N ,KE) G3 +K3 GEF3(" ;$&%8 A<<;LA?% 8L &=88$M& !LAM9 AM> 8A<<$M& $M8L &L4=;MO=M8 ’6M>$M& N )E-IJF/ )J+K H3,," +A#$M& A>4AM8A&= L’ 8A0 ?LM?=99$LM9C &;AM89 AM> ?A9% <A.L689 8L =A9= ’L;=$&M !A@L6; 2L=9
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon NOL selling HQ building in Alexandra
      511 5  -  Reserve price not fixed yet; indicative price could be about $400m By KALPANA RASHIWALA NEPTUNE Orient Lines (NOL) Group has put its 26-storey freehold Singapore headquarters building at Alexandra Road on the market to “release capital for strategic investment”. Although the shipping and logistics
      511 words
    • Article
      Lock icon Equities still the top choice among fund managers: poll
      569 5  -  By CAI HAOXIANG A POLL of 16 Singapore-based fund managers has shown that equities are still the preferred investment class at a time of global economic uncertainty. The bi-annual Fund Poll, conducted by OCBC Bank’s wealth management unit, found that eight
      569 words
    • Article, Illustration
      Lock icon ZONE Broadband 2.0: More than just an Internet Connection
      1520 5 CEO S E R I E S A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR There’s a new broadband service on the market, and it’s designed especially for businesses who want the fastest and most efficient performance. Last month, local telco
      1,520 words
    • Article
      Lock icon TT Int’l shares dive 40% as Big Box deal hits snag
      278 5  -  By KENNETH LIM SHAREHOLDERS of TT International suffered some serious Monday blues when the stock plummeted 40 per cent coming out of the weekend on news of a scrapped deal. TT International, which sells consumer electronics under the Akira
      278 words
    • Article
      Lock icon UniFiber reverse takeover deal swells to $2.24b
      473 7  -  Company to buy almost all of Indonesian coal miner Gems By KENNETH LIM UNITED Fiber System’s reverse takeover deal will now involve a larger slice of a Sinar Mas Group coal mine, enlarging the value of the deal by almost half. Singapore-listed UniFiber
      473 words
    • Article
      Lock icon CapitaMalls Asia sets up US$1 b China fund – its biggest to date
      298 7  - CapitaMalls Asia sets up US$1 b China fund its biggest to date Asia, US institutional investors put up half the amount By ANGELA TENG CapitaMalls Asia has established its largest private equity fund to date the US$1 billion CapitaMalls China Development Fund III (CMCDF III). CapitaMalls Asia has a 50
      298 words
    • COMPANY BRIEFS
      • Article
        Lock icon Midas unit wins 860m yuan train deal
        64 7 MIDAS Holdings’ joint venture company, Nanjing SR Puzhen Rail Transport Co Ltd (NPRT), has secured a 860 million yuan (S$172 million) contract from Dongguan Rail Transit Co Ltd, to supply metro train sets to the Dongguan Rapid Railway R2 Line Project. NPRT is
        64 words
      • Article
        Lock icon Sin Heng in distributor agreement with Kato
        52 7 SIN Heng Heavy Machinery Ltd has entered into a distributorship agreement for Indonesia with hydraulic crane manufacturer Kato Works Co Ltd. Sin Heng has the right to distribute and sell new Kato’s fully hydraulic cranes, parts as well as to provide after-sale services
        52 words
      • Article
        Lock icon Yoma rights issue oversubscribed
        89 7 YOMA Strategic Holdings said that its rights issue has been oversubscribed by 43.7 per cent. The proceeds from the 422.1 million rights shares at 24 cents apiece will be about $101.3 million before expenses, of which $91 million will go towards the funding of Yoma’s proposed
        89 words
    • Article
      Lock icon Prospects for Civmec remain bright
      652 7  -  NEWS ANALYSIS By RONNIE LIM WITH Australia’s new carbon and mining taxes kicking in this week and hitting the country’s core oil gas and mining customers, it’s timely that recent SGX listing Civmec Limited is taking a breather at this juncture not because of the
      652 words
    • Article, Illustration
      Lock icon Caterer Neo Group launches Catalist IPO
      544 8  -  22m new shares, including 1m public-offer units, at 30 cents apiece By AUDREY TAN LOCAL catering company Neo Group Limited has launched an initial public offering (IPO) of 22 million new shares at 30 cents each for a Catalist listing on Singapore Exchange. The
      GEORGE TAY/LIANHE ZAOBAO  -  544 words
    • Article
      Lock icon Hedge funds win on bullish bets as raw-material prices rise
      514 8 Bloomberg [CHICAGO] Hedge funds lifted their bullish commodity bets for a third week, just before a European agreement to contain the region’s debt crisis spurred the biggest rally in raw-material prices in three years. Money managers increased their combined net-long
      Bloomberg  -  514 words
    • Article
      Lock icon EMS upbeat on Vietnam’s maritime sector
      497 8  -  By GLENN CHOO CATALIST-LISTED EMS Energy, which has unveiled a deal to acquire a 23.98 per cent stake in Viet-nam-based Nosco-Vina-lines Ships Repair Company (NVC) for $6.4 million is upbeat about the maritime prospects in Vietnam. “Vietnam’s maritime industry is highly promising and we
      497 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rises after EU bailout deal
      542 6  -  But market mood stays cautious with gains muted after end-of-quarter window-dressing STOCKS VEN SREENIVASAN Senior Correspondent AS EXPECTED, Asian markets made gains yesterday following an agreement last Friday between European Union leaders to bail out banks and provide more oversight for the troubled financial
      Source: Bloomberg  -  542 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jul 2 VALUE CLOSE BT OB/OS 481.00 +49.0 BT CADI -*****.00 +128.0 BT 10-day MA -*****.00 +48.00 FTSE ST Mid Cap 680.19 +6.34 FTSE ST Small Cap 451.79 +5.93 FTSE ST All Share 705.91 +7.67 FTSE ST China Top 199.27 +2.98 FTSE ST China 223.54 +2.85 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 2 0 0 0 9 5 2 Manufacturing 51 36 48 7 4 7 58 40 55 Commerce 23 17 13 3 3 4 26 20 17 Tpt/Stor/Comms 25 8 5
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      912 6  -  Compiled by JOYCE HOOI Technics Oil Gas July 2 close: $0.96 DMG PARTNERS RESEARCH, July 2 WE initiate coverage with a “buy” rating and TP of $1.28. We estimate that the net profit of this small-cap is set to grow +12.6 per cent compounded annual growth rate over
      Source: Bloomberg  -  912 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,989 19,989 118,788 118,788 Manufacturing 183,286 25,724 209,010 169,332 1,304 170,636 Commerce 296,738 8,658 305,396 170,991 846 171,836 Tpt/Stor/Comms 72,642 17,672 90,314 115,308 4,722 120,031 Finance 20,504 25,085 45,589 112,600 11,950 124,551 Construction 81,229 350
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.580 +0.015 CapitaLand 2.720 +0.020 CapitaMall 1.905 -0.005 CityDev 11.230 +0.030 ComfortDelGro 1.550 +0.005 DBS Grp 13.990 +0.120 F&N 7.030 +0.030 GLP 2.120 +0.030 Genting SP 1.410 Golden Agri 0.685 +0.015 HK Land 5.740 +0.030 JMH 50.350
      111 words
    • Article, Illustration
      Lock icon Euro rally falters on doubts over bond plan
      569 6 CURRENCIES Reuters [LONDON] The euro fell against the US dollar yesterday, after fiscally strong Finland and the Netherlands opposed a plan for the eurozone’s bailout fund to buy government bonds in the secondary market. That injected fresh uncertainty over last week’s summit
      Reuters; AFP  -  569 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME TT Intl 107,147,000 Noble Grp 57,297,000 GSH Corp 53,721,000 UniFiber 45,549,000 Golden Agri 36,524,000 Sakari 32,708,000 Genting SP 28,129,000 Yoma 26,093,000 Maxi-Cash 25,085,000 Aussino 20,878,000 VALUE($) Keppel Corp 102,840,280 Noble Grp 65,187,455 DBS Grp 57,026,990 SingTel 48,059,840 Sakari 46,219,345 SembMar 40,437,810 Genting SP 39,791,065 Olam 38,212,330
      56 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP IS S&P500 ***** 410.6 2.4 DBXT Nifty 10US$ 9742 390.3 3.3 GLD 10US$ ***** 268.7 1.4 JMH 5035 247.1 4.0 Jardine C&C 4795 164.0 3.5 DBXT MSAsExJp 10US$ 2921 111.5 3.1 DBXT FTChina25 10US$ 2558 54.5 1.7 CIMBAsean40 100US$ 996 34.2 2.8 IS MS India
      114 words
    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN DBXT iBoxxSing 5SG$ ***** -149.0 -1.1 DBXT S&P Short 10US$ 3741 -57.0 -1.2 Asia Pac Brew 3400 -50.0 -1.4 UOB 5.05%NCPS 100 ***** -44.0 -0.4 DBXT AUD Bonds 5AU$ ***** -37.6 -0.2 DBXT FTVietnam 10US$ 2325 -25.4 -0.9 Luye Pharma 100 -6.0 -5.7 SingTel 100
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 7 Advertisements Column 1
      152 7 This Ride Will Go A Long Way 4 k New CC Want to own this car and also do your bit to help the community? Then bid for this Volkswagen CC 1.8 TSI. Proceeds from the auction will go to a fund that will provide one-year's worth of free copies
      152 words
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      Lock icon Page 8 Advertisements Column 1
      849 8 THE POWER OF EFFECTIVE BRANDING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Building Your Brand Identity
      849 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Banking on cities for sustainable development
      477 9  -  Good governance, planning vital to harness positive force of urbanisation SINGAPORE INTERNATIONAL WATER WEEK By LYNN KAN CITIES are the way forward for environment concerns to be addressed and dealt with in economic development, agreed panellists who spoke at the Singapore International Water Week,
      CHEW SENG KIM/THE STRAITS TIMES  -  477 words
    • Article
      Lock icon Sharing strategies for sustainable cities
      346 9  -  By NISHA RAMCHANDANI SOLUTIONS for more liveable and sustainable cities these were some of the strategies shared by winners of the Lee Kuan Yew World City and Water prizes at a lecture yesterday. The LKY World City Prize was awarded to the Mayor of New
      346 words
    • Article, Illustration
      Lock icon S’pore firms to get faster customs clearance to China
      298 9  -  Mutual recognition arrangement leads to improved service By WANG XIN MIN SINGAPORE companies which have been certified by Singapore Customs can now enjoy faster customs clearance for goods exported to China. Singapore Customs and the General Administration of China Customs (GACC)
      298 words
    • Article
      Lock icon A&G among world’s top 100 law firms
      241 9  -  By GRACE LEONG ALLEN Gledhill LLP (A&G) has been cited as a leading law firm in the first edition of Who’s Who Legal 100 2012 the only Singapore firm to be named thus. According to the independent assessment of the world’s top 100
      241 words
    • Article, Illustration
      Lock icon Gardens by the Bay comes alive to music, light
      219 9 VISITORS to Gardens by the Bay were treated to a splendid audiovisual display last evening at the premiere of the OCBC Garden Rhapsody a specially commissioned show combining music, lasers, projection media and light artistry. Conceptualised and produced by Singapore-based music
      219 words
    • Article
      Lock icon Difference in FRMC and PTC roles explained
      236 9 THE Fare Review Mechanism Committee (FRMC) clarified the difference between itself and the Public Transport Council (PTC) yesterday. FRMC is a committee that was specifically set up to review the effectiveness of the fare review mechanism and the fare adjust- ment formula, as
      236 words
    • Article, Illustration
      Lock icon S’pore to host global summit of young scientists
      317 9  -  By KELLY TAY in Lindau, Germany COME January next year, up to 400 young researchers from 20 countries worldwide will descend upon Singapore, where they will attend the city-state’s inaugural Global Young Scientists Summit (GYSS). First conceived in 2010, the five-day event
      317 words
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  • SME Inc
    • Article, Illustration
      Lock icon A fighter – and a glorious winner
      1046 10  - A fighter and a glorious winner Loyal Reliance’s managing director Jeff Koh walks the talk when he helps SMEs to grow, reports RACHEL AU-YONG reportsRACHEL reportsRACHEL AU-YONG JEFF Koh may have made a killing as a real estate investment banker, but watching his friends get burnt in the 2008 economic
      YEN MENG JIIN  -  1,046 words
    • Article, Illustration
      Lock icon Why SMEs should aim at becoming exporters
      962 10  -  Engage SMU profs HOON HIANTECK Hoon Hian Teck is a professor of economics and associate dean at the School of Economics, Singapore Management University Q: Should SMEs aim to become exporters rather than serve only the domestic market? What are the benefits to
      962 words
    • Article, Illustration
      Lock icon As hardy as a cockroach
      844 11  -  Cindy Chng’s never-say-die attitude is taking her places as MD of her own agency, Eco Travel Services, reports GLENN CHOO reportsGLENN reportsGLENN CHOO STEVE Jobs once said: “You can’t connect the dots looking forward; you can only connect them looking backwards. So you have to
      844 words
    • Article, Illustration
      Lock icon India portal blazing new trail
      915 13  -  iXiGO carves out a niche as an online one-stop travel research, planning and booking shop By MRINALINI REDDY The writer is with Insead Knowledge. This article was first published on its website at knowledge.insead.edu WHEN iXiGO launched a travel and hotel search portal five years
      AFP  -  915 words
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      267 10 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School University of California Berkeley Haas School of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished cohort. m E -c o a The BNAMP covered, more than adequately, key topics that are current and relevant to business
      267 words
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      Lock icon Page 10 Advertisements Column 2
      178 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details like how much the company has grown, and what sort of expansion plans it has. Send your e-mail to Felda
      178 words
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      251 12 A S t r a i t s Ti m es A pp r ec i a t es R ea d e r s E v e n t Watch concert and get FREE tickets to Universal Studios Singapore® Singapore Flyer July 15, Sunday, 6.30pm Gardens by the Bay
      251 words
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      223 13 SmE -h' ...is the East Wind In business, as on the battlefield, success is often a matter of being ready when the right opportunity arises. In the Battle of Red Cliff, General Zhou Yu’s small army was able to defeat Cao Cao’s much larger troops because it was prepared with
      223 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Embracing efficiency
      1423 14  -  Palm Beach Seafood Restaurant adopts innovation early and takes it step by step FOOD AND BEVERAGE SERVICES By FELDA CHAY THE big productivity push may seem like a recent government initiative, but for Palm Beach Seafood Restaurant, it’s all old news. As early as 2005 the eatery, famous
      ARTHUR LEE  -  1,423 words
    • Article, Illustration
      Lock icon Staff training key to coping with labour crunch at Han’s
      1114 14  -  By FELDA CHAY IT’S 12.30pm, and a line of 15 people has formed very quickly at Han’s The Tasty Town eatery at Great Eastern Centre. As customers continue streaming in, two service staff begin to work the line, approaching customers
      ARTHUR LEE  -  1,114 words
    • Article
      Lock icon Where to go
      363 14 Schemes for F&B and other sectors: FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Productivity and Innovation Credit (PIC) Innovation and Capability Voucher (ICV) Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending
      363 words
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      3040 15 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GLOBAL LOGISTIC PROPERTIES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****5832Z Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of GLOBAL LOGISTIC PROPERTIES LIMITED (the “Company”) will be held at Concorde Ballroom, Level 3, Concorde
      3,040 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Kim says World Bank’s priority is to aid growth
      706 16 New chief’s job gets tougher as bank’s financial power is more constrained Bloomberg [WASHINGTON] Jim Yong Kim, who took over as World Bank president on Sunday, said his first task will be to help emerging markets keep expanding at a time
      Bloomberg  -  706 words
    • Article, Illustration
      Lock icon Eurozone factories hit hard in June; job cuts rise
      671 16 Reuters [LONDON] Eurozone manufacturing took another hefty blow last month and factories are preparing for worse to come, according to business surveys yesterday that showed jobs were cut at the fastest rate in two-and-a-half years. Markit’s Eurozone Manufacturing Purchasing Managers’ Index
      Reuters; AFP  -  671 words
    • Article
      Lock icon Bond market backs Obama with record demand
      668 16 Bloomberg [NEW YORK] Investors are ploughing cash into new US Treasuries at a record pace, making economic growth rather than budget austerity a key issue as President Barack Obama and Mitt Romney face off in November’s presidential election. Bidders offered US$3.16 for each
      Bloomberg  -  668 words
    • Article
      Lock icon Thai inflation rate steady in June
      482 16 Reuters [BANGKOK] Thailand’s inflation rate was little changed last month thanks to state price controls and subsidies plus a drop in oil prices, and economists said that the central bank was likely to hold interest rates steady in coming months to support the economy.
      Reuters  -  482 words
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      22 16 DOWNLOAD THE NEW 91.BFM ANDROID AFP NOW! 91.3FM TODAY'S BEST MUSIC 13 FACEBODK.COM/NINETYONETHREE FOLLOW US ON TWITTER BRADIO_913 LOG ON TO WWW.RADIOB13.COM
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      Lock icon Page 16 Advertisements Column 2
      62 16 One Afternoon. I HAVE SOT A WHOLE STACK OF MATERIALS FOR MV STOCK ANALYSIS.. \V r> f 5 L 6r\ CAUT,ON '/PPf Hy S 5 ft 1 YOU SHOULD SWITCH TO USING I ONLINE RESOURCES INSTEAD CBS s t L ■m SHARElNVESTOR.com YOUR ONE-STOP FINANCIAL PORTAL FOR ALL YOUR INVESTMENT
      62 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas is tired of being Malaysia’s piggy bank
      2171 17 Strains building over how much money it gives to the govt in fuel subsidies, dividends and taxes Reuters [KUALA LUMPUR] State-owned oil company Petronas is tired of being Malaysia’s cash trough. Its growing pique at the government flared into public view here
      Reuters; REUTERS  -  2,171 words
    • Article
      Lock icon Indonesia’s May exports fall; inflation up 4.5% in June
      517 17 Reuters JAKARTA] Indonesian exports fell for a second straight month in May on lower commodity prices and a new tax policy but the fall is unlikely to tempt the central bank to cut its policy rate as the rupiah remains volatile.
      Reuters  -  517 words
    • Article, Illustration
      Lock icon M’sia ‘needs to fight graft’ to move forward
      632 17  -  CIMB chief also urges more marketoriented reforms By S JAYASANKARAN in Kuala Lumpur A TOP Malaysian banker has said the way forward for the country is to combat corruption and adopt more market-oriented reforms. Nazir Razak, chief executive officer of CIMB Group
      632 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Apple settles iPad trademark case in China
      519 18 US$60m deal with Proview will help tech giant get on with its business in China Reuters [SHANGHAI] Apple Inc has paid US$60 million to Proview Technology (Shenzhen) to end a dispute over the iPad trademark in China that saw the world’s most valuable
      Reuters; REUTERS  -  519 words
    • Article, Illustration
      Lock icon Signs that India’s prospects could be turning
      935 18 Coca Cola and Ikea making major investments ANALYSIS Reuters [MUMBAI] India has gone from the country set to overtake China to the country that can do nothing right. Now, a few contrarians see signs that India is turning a corner. India’s problems from
      Reuters; AFP  -  935 words
    • Article
      Lock icon US$14b Beijing bonds to boost local govt finances
      585 18 Bloomberg [SINGAPORE] China’s Ministry of Finance is flooding the bond market with US$14 billion of debt to shore up regional government finances as the economy slows, driving yields higher. The yield on benchmark five-year government notes rose 12 basis points, or 0.12
      Bloomberg  -  585 words
    • Article
      Lock icon Macau’s gambling revenue growth misses expectations
      316 18 Reuters [HONG KONG] Macau’s gambling revenue growth rebounded last month from May, though the increase was slower than expected, signalling muted spending in the world’s largest gambling destination. Revenue rose 12.2 per cent from a year earlier to 23.3 billion patacas (S$3.7 billion) in
      Reuters  -  316 words
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      402 18 BEATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company SCA CREATIVE GROUP PTE. LTD. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****5261Z) Address of Registered Office 8 Robinson Road #13-00 ASO Building Singapore *****4 Last Day of Receiving Proofs 17 July 2012
      402 words
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      325 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ECON KOREA INVESTMENTS PTE LTD (In Creditors’ Voluntary Liquidation) (CO. REG. NO.*****7824N) At an Extraordinary General Meeting of the Company duly convened and held at 8 Robinson Road #11 -00, ASO Building Singapore *****4 on 20
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      112 18 LOST SHARE CERTIFICATE(S) Notice is hereby given that the following share certificates have been reported lost:CORDLIFE GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****2883E) FRENCKEN GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****5084D) Notice is hereby given that new share certificates will
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      593 19 INITIAL PUBLIC OFFERING Neo Group Limited (Company Registration No.: *****7080G) (Incorporated in the Republic of Singapore on 22 March 2012) EVENTS CATERER IN SINGAPORE1 Neo Group Limited is a leading food catering group with some of the most recognised brand names in Singapore. We were ranked by Euromonitor International Limited
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  • WORLD
    • Article
      Lock icon Manufacturing shrinks unexpectedly in June
      537 20 First contraction in 3 years suggests foundation of growth is slackening LATEST US DATA Bloomberg [WASHINGTON] Manufacturing in the US unexpectedly contracted in June for the first time in almost three years, indicating that a mainstay of the US expansion may be faltering. The Institute
      Bloomberg  -  537 words
    • Article
      Lock icon France needs to save 43b euros: national auditor
      579 20 Bloomberg [PARIS] France needs as much as 43 billion euros (S$68.6 billion) in savings this year and next, the national auditor said, setting the stage for budget cuts by Socialist President Francois Hollande. The coming year is “a crucial one in which
      Bloomberg  -  579 words
    • Article, Illustration
      Lock icon Blackouts, heatwave from Illinois to Virginia
      323 20 Storms, millions still without electricity, at least 15 dead Reuters [NEW YORK] More than 2.1 million people from Illinois to Virginia were still without power yesterday morning following violent storms during the weekend, and a heat wave continued to blanket much of the region.
      Reuters; REUTERS  -  323 words
    • Article
      Lock icon Japan manufacturing mood improves in June
      592 21 Lower commodity prices help firms’ profitability, BOJ’s tankan report shows Bloomberg [TOKYO] Japan’s large manufacturers became less pessimistic as declines in commodity prices aided profitability, boosting the outlook for the world’s third-biggest economy even as a stronger yen crimps exports. The quarterly tankan index
      Bloomberg  -  592 words
    • Article, Illustration
      Lock icon Aussie carbon tax starts but future in doubt
      763 21 Bloomberg [CANBERRA] Australia’s price for carbon emissions will survive whatever happens in elections due next year, the government says. Power markets aren’t so sure. Australian electricity futures markets after 2014 indicate doubts that carbon prices will remain in force, according to Westpac
      Bloomberg; REUTERS  -  763 words
    • Article
      Lock icon Disorderly eurozone exits to hit East Asia growth
      409 21 But region’s govts have room for stimulus to spur economies: World Bank Bloomberg [SINGAPORE] East Asia may grow as little as 5 per cent this year if there are disorderly exits from the euro area, even as governments have room to implement
      Bloomberg  -  409 words
    • Article
      Lock icon Japan pension fund going into emerging areas
      542 22 Reuters [TOKYO] Japan’s Government Pension Investment Fund, the world’s biggest public pension fund, said yesterday it had selected six asset managers to make its first investments in emerging markets as it tries to boost returns in the face of rising payout obligations. Known
      Reuters  -  542 words
    • Article
      Lock icon Big banks move jobs out of New York to cheaper towns
      817 22 Near-shoring of mid-level jobs will have big impact on the city’s revenue NYT [NEW YORK] New York’s biggest investment houses are shifting jobs out of the area and expanding in cheaper locales in the US, threatening the vast middle
      NYT  -  817 words
    • Article, Illustration
      Lock icon EU sanctions on Iran enters full force; crude rises
      849 22 Bloomberg [LONDON] European Union sanctions on Iran entered into full force on Sunday after exemptions on some contracts and insurance ended, boosting crude prices and pressure on the Persian Gulf nation to halt its nuclear-enrichment programme. The reduction in Iranian exports
      Bloomberg; AP  -  849 words
    • Article, Illustration
      Lock icon More Tokyo eateries to serve toxic fugu
      757 22 Rule of having specially trained chef to remove toxic organs to be eased AFP [TOKYO] Every year in Japan people are hospitalised after eating pufferfish; sometimes the result is fatal. But despite apparent dangers, strict rules on serving the toxic delicacy in Tokyo
      AFP  -  757 words
    • Article, Illustration
      Lock icon Shift policy to focus on growth, UK urged
      916 23 Govt must issue more debt, not just guarantees, say economists Reuters [LONDON] British policymakers are looking for lessons from the depressed 1930s in their hunt for a way out of the country’s longest slump since then but the answer may not be
      Reuters; REUTERS  -  916 words
    • Article
      Lock icon Eurozone jobless rate hits record 11.1%
      357 23 Bloomberg [PARIS] Eurozone unemployment reached the highest on record as a deepening economic slump and budget cuts prompted companies from Spain to Italy to reduce their workforces. The jobless rate in the 17-nation euro area rose to 11.1 per cent in May from 11
      Bloomberg  -  357 words
    • Article
      Lock icon Stockton wants bondholders to share losses
      879 23 Bloomberg [NEW YORK] Stockton, California, which last week became the biggest US city to seek court protection, will begin a historic effort this week to be the first American city to use bankruptcy to successfully impose losses on bondholders. Lawyers for Stockton are to
      Bloomberg  -  879 words
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      320 20 WATS1 NTOTTCFS Toll free 1800-289-8822 Email notices@sph.com.sg www.rats.rom.so/notice5 CATS Recruit The first step on your ladder to success CLA/AUG06/g bestworld BEST WORLD INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore on 11 December 1990) (Company Registration No, *****6030Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary
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      218 21 uni U7 trade across 14 MARKETS IN AIM instant iOCBC trading platform gives you the capability to capture opportunities and execute online transactions across global stock exchanges in an instant. You can also enjoy trading on the go with iOCBC TradeMobile App via iPhone, iPad, Blackberry and Android-based devices. Trade
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      43 22 www.o my.sg yjp Social Media Day, SINGAPORE 2012 @nniggni o bbss® Tell us how social media rOCk your world Win digital cameras! a Simply tag your Instagram photo with #socialmediarocl<myworld Visit http://proJect.omy.sg/sg-social-media-day/ for more details! An event of To cial edla testa swa
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      431 23 Win round-the-world travel tickets for 2 Simply access our global trading tools to trade in foreign markets, futures, forex or take up multicurrency share financing and start accumulating your lucky draw chances.* With OCBC Securities, you can trade globally with confidence. Contact your Trading Representative, call our hotline at 1800
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  • EDITORIAL & OPINION
    • Article
      Lock icon Airline sector not clear of turbulence yet
      468 24 EDITORIAL THE global aviation industry remains in a fragile state despite a fall in oil prices, a gradual pick-up in global passenger traffic and a bottoming-out of the airfreight market. The International Air Transport Association (Iata) is sticking to its US$3 billion profit
      468 words
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      Lock icon Europe’s great illusion in dealing with current crisis
      841 24  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT [MADRID] Over the past few months, I’ve read a number of optimistic assessments of
      NYT  -  841 words
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      Lock icon Another summit and the EU crisis rolls on
      950 24  -  Some progress made but far from the decisive turnaround that many had hoped for By CHARLES WYPLOSZ The writer is professor of international economics at the Graduate Institute, Geneva. This comment was sourced from VoxEU.org, a Web portal featuring the views of
      AP  -  950 words
    • Article, Illustration
      Lock icon The challenge of water management
      1291 25  -  It is the shared responsibility of governments on a national and local level, the private sector and international donors By SHARAD SOMANI, RACHEL CHUA SHI WEI Sharad Somani is partner, and Rachel Chua Shi Wei is assistant manager, Global Infrastructure Advisory, KPMG in Singapore. The
      AFP  -  1,291 words
    • Article, Illustration
      Lock icon Historic, unexpected ruling helps Obama
      851 25  - Historic unexpected ruling helps Obama LEON HADAR Washington Correspondent HE may or may not win his bid for re-elec-tion in November. But there is very little doubt that the unexpected ruling by the US Supreme Court to uphold the healthcare reform aka “Obamacare” last week was not only a legal
      851 words
    • Article
      Lock icon Room for improvement in online banking security
      356 25  -  LETTER TO THE EDITOR Denis Distant CAVEAT emptor used to be associated with investments but recently appears to have expanded its reach to accounts with banks in Singapore. Carry out an online transaction or an ATM withdrawal and before you know it, your
      356 words
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      103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AirAsia has backup plan if it does not make KLIA2 move
      525 26 It also has hubs in Sabah, Sarawak, Johor, Penang and S’pore: new CEO [KUALA LUMPUR] AirAsia Bhd will likely shift to its other hubs in Malaysia should the budget carrier decide not to move to the new low-cost carrier
      BLOOMBERG  -  525 words
    • Article
      Lock icon The Business Times Shipping times
      3823 27 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
      3,823 words
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      Lock icon Commerzbank exit lifts risk of shipping busts
      726 26 Bloomberg [HAMBURG] Commerzbank AG’s decision to pull out of ship finance may push some operators toward bankruptcy as they lose access to the world’s third-largest maritime lender. “This is definitely a move in the wrong direction for the future prospects of the industry,”
      Bloomberg; AFP  -  726 words
    • Article
      Lock icon Delta Air Lines pilots approve new contract
      580 26 Deal allows quicker shift to bigger jets, away from smaller, money-losing planes AP [MINNEAPOLIS] Pilots at Delta Air Lines approved a new contract on Friday that will prompt a major shift in the way Delta uses smaller jets. The deal is likely to
      AP  -  580 words
    • Article
      Lock icon Nippon Yusen to double sales in logistics unit as shipping bleeds
      425 26 Bloomberg [TOKYO] Nippon Yusen K K, Japan’s largest shipping line, intends to double sales at logistics operations as global overcapacity depresses rates at sea cargo units. President Yasumi Kudo said freight forwarding and warehousing businesses led by unit Yusen
      Bloomberg  -  425 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 26 SGX '000 Jul 2 S$ +/-Vol CH Offshore 0.43 0.01 94 Chuan Hup Hldg 0.23 0.01 107 Cosco Corp 1.00 0.02 8117 s$ Ezra Hldgs 1.09 0.03 3888 First Ship Lea 0.18 -0.01 2228 Freight Links 0.07 unch 636 Grand Banks unch unch 0 Jaya Hold Ltd 0.58
      255 words
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      29 26 China cracks down on land hoarding speculation Developers expected to be more cautious in bidding to be more cautious in bidding To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      29 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      351 26 CRYPTIC CROSSWORD Across 7 Power many deployed miles away in guns and the like? (8) 9 Minister grabbing time in part of territory (6) 10 Exercise adopted in silent place of learning (6) 11 Lead in tragedy developed in phase by such? (8) 12 Paper composed by conservationists is evident
      351 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2642 28 Transaction date: Jul 2 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 Last Vol Da ('000) Hiqh Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 121.5 +1.5 263 122 120.5 121 121.5
      2,642 words
    • Article
      Lock icon SGX CATALIST
      209 29 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil +1.8
      209 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8043 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited 1 6029/ FM Local
      8,043 words
    • Article
      Lock icon GLOBALQUOTE
      189 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US32.5 unch 3109 33 32 32.5 33 2140 Last 220 168 TanChongInt HK208 202 207 4.3 3.4 7 4188.9 STOCK PRICES
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    • Article
      Lock icon SGX ETF
      944 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 120 +2 5 120 118 118.6 119.5 547.8 122.4 122.2 CIMB APAC Div 100S$D 122.2 124.8 125.8 103 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      625 30 Jul2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9103.79 9103.79 9003.48 Sep12 8995.00 9105.00 8960.00 9010.00 *****2 *****1 Dec12 9055.00 9055.00 8970.00 8950.00 45 6603 MSCI TAIWAN INDEX FUTURES SPOT 260.35 262.66 260.35 Jul12 253.20 255.10 252.30 254.00 ***** *****8 Aug12 251.50 251.50 250.60
      625 words
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      Lock icon SMX MARKET UPDATE
      134 30 As on 29 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 533.45 518.20 529.85 822 INDIA GOLD (E-GOLD) FUT OCT2012 526.80 526.70 535.30 31 CURRENCY EUR-USD FUT SEP2012 1.2700 1.2476 1.2668 1682 BASE METAL COPPER FUT SEP2012
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    • Article
      Lock icon CHICAGO BOT
      107 30 Jun 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1512.75 1466.00 1517.75 1466.00 Aug 12 1481.75 1446.25 1486.50 1441.00 Sep 12 1450.25 1417.50 1455.00 1417.00 Nov 12 1427.75 1403.50 1436.00 1401.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 52.21
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Jun 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 95.37 3.02 WTI (Near Mth) 84.84 6.71 Dubai (1-Mth F) 91.19 0.34 Tapis blend 96.49 0.40 Minas 97.99 0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 81.22 0.61 Jet Kerosene 108.89 0.26 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 30 Jul 2 S$ Bid Offer 1-month 1.2673 1.2683 2-months 1.2672 1.2683 3-months 1.2670 1.2681 6-months 1.2659 1.2670 Source: OCBC Source:OCBC
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    • Article
      Lock icon LONDON METALS
      66 30 Jun 29 Jun 29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1875.75 1808.25 3 months 1911.00 1845.00 Copper, Grade A(US$/tonne) Cash 7691.75 7391.75 3 months 7685.00 7385.00 Lead(US$/tonne) Cash 1847.75 1762.75 3 months 1861.00 1777.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Jun 29 Index Change Change Change Change Change Change World Preliminary 868.7 2.1 4.7 1.6 1.8 2.7 4.2 EAFE Preliminary 695.9 2.4 2.0 2.5 -1.6 3.6 0.8 Europe Preliminary 1034.1 2.9 0.7
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    • Article
      Lock icon LIFFE
      80 30 Jun 29 COCOA (£/tonne) Close Prev High/Low Jul 12 1614 1587 1616/1578 Sep 12 1574 1551 1575/1543 Dec 12 1553 1528 1555/1516 Mar 13 1526 1507 1525/1491 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2103 2054 2110/2057 Sep 12 2134 2089 2148/2104 Nov 12 2134 2087 2146/2099 Jan 13 2108
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1198 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 369 8.00 22 Conv Aztech Grp W*****3 0.2 0.1 460 1 20 108 48.50 4 Baker Technology Ltd W*****6 0.6 halt 1 32 12 48.33
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Jul 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.043 6.499 0.810 7.939 57.055 96.167 0.815 11.716 3.241 1.277 96.884 43.027 1.298 8.387 0.973 30.603 32.346 0.654 1.024 Canada 0.959 6.233
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    • Article
      Lock icon SIBOR
      59 30 Jul 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 2 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      137 30 Jul 2 GOLD(US$/oz) Jun 29 Jun 28 Hong Kong 1577.00 1580.00 Jun 28 Jun 29 Jun 27 London 1596.93 1569.50 1597.79 1570.50 Source: Thomson Reuters CAST BAR Jul 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 443 324 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 30 Jul 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04-Oct-12 0.26 0.25 0.18 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 109.2 10-Year NY*****X
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    • Article
      Lock icon PALM OIL
      57 30 Jul 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3030.0 3054.00 3054.0 3019.0 15 2445 Aug 12 3048.0 3070.00 3070.0 3038.0 1224 ***** Sep 12 3063.0 3088.00 3090.0 3046.0 ***** ***** Oct 12 3055.0 3094.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Jul 2 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2966 1.2989 1.0231 1.0241 Canadian dollar 1.2439 1.2455 0.9820 0.9815 Euro 1.6006 1.6021 1.2630 1.2632 NZ dollar 1.0157 1.0169 0.8015 0.8018 Sterling pound 1.9837 1.9854 1.5653
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Jul 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.263 Can dollar 1.272 1.212 Euro 1.638 1.560 Sterling pound 2.021 1.944 NZ dollar 1.042 0.993 US dollar 1.286 1.237 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      153 30 Jul2 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12 months
      153 words
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  • PROPERTY
    • Article
      Lock icon Olympics could hurt London home sales
      417 31 Homebuilders see slow movements in property market during the Games Bloomberg [LONDON] The Olympic Games are likely to stifle home purchases in the next quarter as the competition disrupts the city and distracts potential buyers, according to executives at Britain’s biggest homebuilders. Persimmon plc
      Bloomberg  -  417 words
    • Article, Illustration
      Lock icon This mall is part of the Olympic experience
      701 31 75% of fans going to Olympic Park may walk through mall AP [LONDON] The gleaming Westfield Stratford City mall poses an interesting question about human behaviour: is it possible to head off to a major international sports event and forget to go?
      AP  -  701 words
    • Article
      Lock icon Japan land prices sag for 4th straight year
      353 31 Reuters [TOKYO] Land prices in Japan slipped for a fourth straight year in 2011, falling 2.8 per cent, but the pace of declines slowed, indicating the market may be bottoming as the economy steadily recovers from last year’s natural disaster. The decline
      Reuters  -  353 words
    • Article, Illustration
      Lock icon 17 units at 8 Napier changing hands again
      413 32  -  Purchase by Alpha Investment Partners said to value the freehold apartments at $2,800-3,000 psf By KALPANA RASHIWALA SEVENTEEN apartments at the completed freehold project 8 Napier, opposite the US Embassy and near the Singapore Botanic Gardens, are said to be changing hands.
      FILE PHOTO  -  413 words
    • Article, Illustration
      Lock icon Sims Drive freehold industrial plot up for sale asking $48-50m
      540 32  -  By FELDA CHAY A FREEHOLD, landed, light industrial factory located at the junction of Sims Drive and Lorong 17 Geylang is up for sale by public tender, with an indicative price tag of between $48 million and $50 million. The
      540 words
    • Article
      Lock icon Goldman plans to expand private Reit to 300b yen
      713 32 Bloomberg [TOKYO] Goldman Sachs Group Inc plans to expand its new private real estate investment trust (Reit) to as much as 300 billion yen (S$4.76 billion) to buy Japanese properties as the Wall Street bank foresees a turnaround in prices. The
      Bloomberg  -  713 words
    • Article, Illustration
      Lock icon Lower COV spurs resale flat demand
      513 32  -  One segment is HDB second-timers who eschew a new unit By MICHELLE TAN RESALE HDB flats are fast regaining interest among buyers, following several months of declining cash-over-valuation (COV) figures. Notably, after falling more than 20 per cent in the first quarter, COV paid
      FILE PHOTO  -  513 words
    • Article
      Lock icon China home prices up in June for first time in 10 months
      440 32 Bloomberg [SHANGHAI] China’s new home prices rose for the first time in 10 months as the government eased its monetary policies to bolster the economy, according to SouFun Holdings, the nation’s biggest real estate website owner. Home prices
      Bloomberg  -  440 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      440 31 PARC CGNTROS Beside Punggol MRT! 2 mins to Punggol MRT New Mega Mall 5 mins drive to future International School Full comprehensive condo facilities 618 units of 1-to-5-bedroom single level penthouses Promising investment growth potential PRIORITY PREVIEW! Date: Thursday, 5 July 2012 Time: 6-9pm Venue: Magnolia IV, Grand Hyatt Hotel
      440 words
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