The Business Times, 19 July 2012

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Microfilm: NL32074
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, July 19, 2012
    25 words
  • Article, Illustration
    Lock icon MAS to relook setting of key rates after Libor fix
    889 1  -  Move comes in wake of reviews by several countries to prevent rigging by banks By EMILYN YAP [SINGAPORE] The Monetary Authority of Singapore (MAS) is examining the setting of key interest rate benchmarks by banks here. The central bank said
    Source: Bloomberg  -  889 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 3,017.21 (+2.41) GST INDEX FUTURES 3,015.00 (+2.00) GSIMSCI 347.63 (+0.81) GSIMSCI FUTURES 347.10 (+0.10) us$ s$ US$ (S$ per US$) 1.260 (US$/S$ per 1.564 1.971 EURO (US$/S$/E) 1.228 1.547 Foreign currency per US$ S$ YEN 79.10 62.80 RM 3.158 2.506 HK$ 7.757 6.157 BAHT 31.68 25.14 RUPIAH
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.202 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
      19 words
  • Article
    Lock icon F&N, APB sale may spark ThaiBev-Heineken tussle
    842 1  -  OCBC group to reap $1.1 b post-tax gain from sale of stakes in units By TEH SHI NING [SINGAPORE] The OCBC Group’s long-held stake in Fraser and Neave (F&N) and its unit Asia Pacific Breweries (APB) is finally changing hands to the tune
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      97 1 PROPERTY NTUC-linked group buying 50% of nex PAGE 4 COMPANIES S’pore equities lead pack in tough times PAGE 6 DANAMON BID New rules keep door open for DBS PAGE 2 CCT boss a champion of work-life balance I PAGE 30 8 *****1 *****4 ’Sip* PATEK PHILIPPE GENEVE Begin your own
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      12 1 US ECONOMY Steepest jump in housing starts in 4 years PAGE 2
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      575 2 MAS to relook setting of key rates after Libor fix THE Monetary Authority of Singapore is examining the setting of key interest rate benchmarks by banks here. The central bank’s statement comes some two weeks after the Association of Banks in Singapore said it is highly unlikely for
      575 words
    • Article, Illustration
      Lock icon New rules keep door open for DBS’s Danamon bid
      712 2  -  Majority ownership of Indonesian lenders allowed on case-by-case basis By CONRAD TAN [SINGAPORE] Indonesia will cap ownership of its banks at 40 per cent for bank investors, but majority ownership will be allowed in some cases, its central bank said yesterday.
      AFP  -  712 words
    • Article
      Lock icon New high for small car COE
      441 2  -  Premium for Category A jumps $9,235 to $68,656 By SAMUEL EE [SINGAPORE] The premium for the small car COE category has hit an all-time high since the advent of the COE system in 1990. In yesterday’s bidding exercise for certificates of entitlement the last
      441 words
    • Article
      Lock icon Steepest jump in housing starts in 4 years
      560 2 LATEST US DATA Bloomberg [WASHINGTON] Beginning construction of US homes rose more than forecast in June to the fastest rate in almost four years, indicating a brighter outlook for the residential real estate market. Housing starts rose 6.9 per cent last month
      Bloomberg  -  560 words
    • Article
      Lock icon Clarification
      52 2 IN “Gypsum miner Sincap Group launches IPO” (BT, July 18), Sincap Group was described as a gypsum miner and then, as also a trader of alumina and coal. The company has pointed out that it should be the other way round. It is primarily a trader and secondarily a
      52 words
    • Article, Illustration
      Lock icon Robinson Point said to be changing hands
      625 4  -  Deal could value the 21-storey CBD office block at $284m By KALPANA RASHIWALA [SINGAPORE] Robinson Point is said to be changing hands in a deal that values the 21-storey freehold CBD office block at $284 million or about $2,132 per square foot based
      625 words
    • Article
      Lock icon NTUC-linked group buying 50% of nex
      573 4  -  Mercatus Co-operative paying $825m to Pramerica Asia for the stake By FELDA CHAY [SINGAPORE] A group linked to the Singapore labour movement is snapping up a 50 per cent stake in the Serangoon-located shopping mall nex for $825 million, in what could be the
      573 words
    • Article
      Lock icon MediShield changes aimed at helping more S’poreans
      590 4  -  Policy limits to be increased; premiums, deductibles to go up By MALMINDERJIT SINGH [SINGAPORE] The slew of changes announced to the MediShield scheme yesterday means good news for those facing particularly large hospital bills. In the first revision to the national insurance scheme
      590 words
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      Lock icon Page 2 Advertisements Column 1
      194 2 It’s All Happening in JULY! Gifts Premiums Fair 13 th SINGAPORE GIFTS PREMIUMS FAIR www.SGPFair.com ,?&INK 5TATJOI IfJ'Y I 1 2 th stationery&officelink 25 27 July 2012 10.30am 6.30pm (Wed Thu) 10.30am 5.30pm (Fri) i www.SOLFair.com a V <4 /vMarina Bay Sands Level 1, Hall A&B Corporate and Trade Buyers,
      194 words
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      76 3 apP Watch the TV ad. www.vw.com.sg ft m m Its back Enjoy sure-win prizes worth up to $10,000 when you buy The Beetle today. Test drive at Volkswagen Centre Singapore in Alexandra, and now in MacPherson too. The 21st Century Beetle. V Das Auto. Volkswagen Centre Singapore (Alexandra), 247 Alexandra
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      208 4 whs <p m (t so aaiPBsasa# SINGAPORE CHINA (NINGBO) IMPORT AND EXPORT FAIR Singapore China (Ningbo) Import and Export Fair is organised by Ningbo Foreign Trade Economic Cooperation Bureau, China. With 3,300 sq.m, exhibiting area and 300 booths, consumer goods such as home appliances, textiles and garments, office supply, household
      208 words
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      Lock icon Page 4 Advertisements Column 2
      37 4 ti'h'J $5 Million Great Singapore Sale Draw Fri, 20 lul 2012,0.30pm Visit www.singaporepools.com.sg for details. Ip Yri) Always play with care. |responsibiy| Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS
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      166 4 'S WATS NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF LANG HUA HOLDINGS PTE LTD Co. Reg. No. *****1 106R (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that
      166 words
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      266 4 IN THE MATTER OF CAI HUNG HOLDINGS PTE LTD (COMPANY REG. NO. (UEN) *****4457E) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held on 13 July 2012 the following special resolutions were passed:Itwas resolved: 1. "That CAI HUNG HOLDINGS PTE LTD be wound up voluntarily pursuant
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      104 5 Mow an airline got the world to agree on one thing. Twice. World's Best Airline Skytmx World Airline Awards Airline of the Year 2011 2012 We’d like to thank the millions of passengers who named us Airline of the Year, two years in a row. Naturally we’re delighted, but we
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon S’pore equities lead pack in tough times
      613 6  -  Defensive nature of market makes it among world’s top performers this year By KENNETH LIM A DESIRE for safety and yield have helped the Singapore equity market outperform global rivals this year after languishing behind them in previous years, market observers say. “The
      BLOOMBERG  -  613 words
    • Article
      Lock icon Temasek unit’s perpetuals go like hotcakes
      628 6  -  Issue size swells to $600m, coupon dips below guidance By SIOW LI SEN BOND mania continues. Yesterday, Mapletree Treasury Services, wholly owned by Temasek Holdings, saw its issue of perpetual securities snapped up like hot cakes. Orders were in excess of $4 billion, eight
      628 words
    • Article
      Lock icon A-HTrust IPO priced at 88cts
      513 6  -  Hospitality trust will have initial portfolio of 10 hotels By MICHELLE TAN ASCENDAS Hospitality Trust (A-HTrust), which comprises Ascendas Hospitality Real Estate Investment Trust (A-HReit) and Ascendas Hospitality Business Trust (A-HBT), has launched its initial public offering (IPO) for a listing on the Singapore Exchange
      513 words
    • Article
      Lock icon KepLand Q2 net profit up 88%
      429 6  -  By MICHELLE TAN HELPED by the strong performance of its associated companies, Keppel Land yesterday reported a surge in second-quarter earnings. The property group recorded an 88 per cent increase in net profit for the three months ended June 30, 2012, to $94.7 million
      429 words
    • Article
      Lock icon CMT posts 0.8% increase in DPU for Q2
      494 6  -  By MINDY TAN CAPITAMALL Trust (CMT) yesterday posted an improved distributable income and distribution per unit (DPU) for its second quarter, riding on the opening of JCube, and the higher rental rates achieved across its portfolio. Distributable income for the three months
      494 words
    • Article, Illustration
      Lock icon Qian Hu’s Q2 net plunges 47% to $532k
      429 7  -  Oversupply forces firm to restructure ornamental fish business By KENNETH FOO ORNAMENTAL fish service provider Qian Hu Corporation has posted a 46.7 per cent fall in second-quarter net profit to $532,000 from a year back hit hard by the oversupply of Dragon
      FILE PHOTO  -  429 words
    • Article
      Lock icon Harder for PE funds to exit investments
      400 7  -  This is due to fears over global economic conditions By JAMIE LEE GREATER risk-aversion in today’s markets has made it tougher for private-equity (PE) funds to exit through the public markets, said panellists at a PE conference yesterday. Broadly, the “tremendous fear” over
      400 words
    • Article, Illustration
      Lock icon China Minzhong makes PRC its oyster, plans expansion
      374 7  -  By TEO SI JIA INTEGRATED vegetables processor China Minzhong Food Corporation plans to cover its bases in China by setting up its king oyster mushroom cultivation bases in other major cities in the mainland. “Capitalising on the growing demand, we are looking
      FILE PHOTO  -  374 words
    • Article, Illustration
      Lock icon Grand Banks aims to be profitable within two years
      383 10  -  Yacht builder says it is committed to its timely removal from SGX watchlist By LYNN KAN GRAND Banks Yacht, Singapore’s only listed yacht builder, foresees making a return to profitability within the next two financial years. In a corporate update yesterday,
      FILE PHOTO  -  383 words
    • Article
      Lock icon Technics Oil & Gas posts flat Q3 net profit
      242 10  - Technics Oil Gas posts flat Q3 net profit By JASMINE NG TECHNICS Oil and Gas posted a net profit of $7.53 million for the third quarter ended June 30, up from $7.47 million in the yearearlier period. The results work out to earnings per share of 3.63 cents, up slightly
      242 words
    • COMPANY BRIEFS
      • Article
        Lock icon TTJ wins several new projects worth $38m
        38 10 STRUCTURAL steel specialist TTJ Holdings said it has secured several MRT Downtown Line 3 and industrial projects totalling $38 million. This brings the firm’s order book to $175 million to date.
        38 words
      • Article
        Lock icon Sunpower bags 47.1m yuan contract
        49 10 A UNIT of heat transfer technology specialist Sunpower Group has won a 47.1 million yuan ($9.42 million) contract from Shenzhen-listed Hengyi Petrochemical Co. The deal to deliver six units of titanium condensers is expected to have a positive impact on Sunpower’s FY 2013 results.
        49 words
      • Article
        Lock icon Fraud deals: Sinotel recovers more money
        62 10 SINOTEL Technologies said it has recovered a further sum of 18.3 million yuan in relation to the fraudulent purchases made by ex-employee Wang Yuxiao and his accomplices amounting to 105.4 million yuan. As at yesterday, the company has successfully recovered a sum of 53.7
        62 words
      • Article
        Lock icon Dukang gets extension to finalise report
        93 10 DUKANG Distillers Holdings Limited has been granted a time extension of one month to Oct 31, 2012, to appoint an auditor. The firm has asked for sufficient time to finalise its annual report and to hold its annual general meeting by Sept 29. It
        93 words
      • Article
        Lock icon Chip Eng Seng buys over CES-West Coast
        67 10 CHIP Eng Seng Corporation Ltd’s unit, CEL Development, has increased its shareholding in CES-West Coast Pte Ltd (CESW) from 50 to 100 per cent. Co-owner of CESW, WP Mauritius Holdings, sold the entire 500,000 issued and paid-up share capital at a consideration of
        67 words
      • Article
        Lock icon San Teh commences Anting project
        111 10 SAN TEH Ltd has started work on its 200 million yuan Anting project to develop the existing space into Santeh Commercial Plaza, which will sport a business hotel, a shopping mall and a residential/office block, to be completed in two years. San Teh has also
        111 words
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      144 7 Destinations Business Class fares starting from* Economy Class fares starting from* Brisbane SGD 3312 SGD 757 Melbourne SGD 3278 SGD 801 Dubai SGD 3802 SGD 1005 Istanbul SGD 4830 SGD 1132 Madrid SGD 6141 SGD 1377 Dublin SGD 6149 SGD 1384 Rome SGD 5276 SGD 1385 Lisbon SGD 6156 SGD
      144 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Index up but broad market weak
      561 8  -  Hang Seng Index’s 1.1% loss and a mixed opening for Europe make for a mixed session here STOCKS R SIVANITHY Senior Correspondent A 1.1 per cent loss for Hong Kong’s Hang Seng Index and a mixed opening for Europe yesterday made for a mixed
      Source: Bloomberg  -  561 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 3 0 0 0 7 7 3 Manufacturing 34 66 38 4 9 8 38 75 46 Commerce 15 37 18 2 6 4 17 43 22 Tpt/Stor/Comms 13 17 10
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,863 16,863 83,377 83,377 Manufacturing 324,120 56,110 380,230 169,064 1,378 170,442 Commerce 219,432 13,405 232,837 100,924 792 101,716 Tpt/Stor/Comms 82,275 6,574 88,849 129,263 1,846 131,109 Finance 18,789 3,019 21,808 159,330 1,241 160,571 Construction 103,117 801
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.635 +0.015 CapitaLand 2.920 -0.040 CapitaMall 1.965 +0.020 CityDev 11.710 +0.160 ComfortDelGro 1.650 +0.020 DBS Grp 14.340 +0.120 F&N 7.960 -0.140 GLP 2.230 +0.020 Genting SP 1.310 -0.035 Golden Agri 0.760 HK Land 5.880 -0.050 JMH 53.000
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Jul 18 VALUE CLOSE BT OB/OS 140.00-119.00 BT CADI -*****.00-105.00 BT 10-day MA -*****.00 +14.00 FTSE ST Mid Cap 700.94 -0.47 FTSE ST Small Cap 459.26 -1.86 FTSE ST All Share 730.33 +0.23 FTSE ST China Top 205.21 -1.31 FTSE ST China 227.13 -1.90 FTSE ST Catalist
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME ElektromotiW*****0 442,607,000 ChinaTaisan 98,742,000 Golden Agri 80,090,000 GSH Corp 60,825,000 Genting SP 60,413,000 Sakari 56,408,000 MDR W*****5 51,249,000 TT Intl 41,343,000 MDR 41,292,000 Noble Grp 39,366,000 VALUE($) DBS Grp 81,074,760 Genting SP 79,850,575 Sakari 74,299,435 Keppel Corp 62,108,058 Golden Agri 61,004,430 Noble Grp 43,036,270 SingTel 39,181,229
      58 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      875 8  -  Compiled by LYNN KAN Fraser and Neave Ltd July 18 close: $7.96 CIMB RESEARCH, July 18 The latest to emerge as the potential buyer for OCBC and Great Eastern Holdings’ stake is the TCC Group, parent of Thailand’s biggest beer maker, Thai Beverage (ThaiBev). If so, we see
      Source: Bloomberg  -  875 words
    • Article, Illustration
      Lock icon Asian units gain on Bernanke’s remarks
      465 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies advanced after Federal Reserve chairman Ben Bernanke said US policy makers are studying further monetary easing, which previously has increased the flow of funds seeking higher-yielding assets. Malaysia’s ringgit headed for its longest winning streak since April and China’s
      Bloomberg; BLOOMBERG  -  465 words
    • Article
      Lock icon RISES
      114 8 BY CENTS CLOSE UP IS S&P500 ***** 333.8 2.0 Asia Pac Brew 3810 110.0 3.0 DBXT STGLDv100 10US$ 2788 60.5 1.8 CIMBAsean40 100US$ 1025 41.6 3.3 Jardine C&C 4732 26.0 0.6 IS LC BND 100S$D 1287 19.0 1.5 DBXT SPASX200 10US$ 3243 18.9 0.5 IS Asia BND 100US 1050
      114 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -148.6 -0.8 DBXT MSKorea 10US$ 5147 -93.2 -1.4 Lyxor China H 10US$ 1204 -44.1 -2.8 JSH 3171 -29.0 -0.7 DBXT Nifty 10US$ 9639 -27.7 -0.2 DBXT MSTaiwan 10US$ 1586 -26.5 -1.3 Lyxor India Nifty 10 1200 -25.0 -2.0 DBXT MSTHAI 10US$ 1831
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      1067 9 a-hhrush ascendas hospitality trust SUBSCRIBE NOW! IPO CLOSES ON TUESDAY, 24 JULY 12.00 noon! Offer for subscription by ASCENDAS HOSPITALITY FUND MANAGEMENT PTE. LTD. ASCENDAS HOSPITALITY TRUST MANAGEMENT PTE. LTD. manager of Ascendas Hospitality Real Estate Investment Trust trustee-manager of Ascendas Hospitality Business Trust Invest in a Pan-Asian+ Hospitality Trust
      1,067 words
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      856 10 THE POWER OF EFFECTIVE BRANDING, SELLING 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 Tuesday, 24 July,
      856 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Ferry operators fined for anti-competitive behaviour
      655 11  -  They exchanged sensitive and confidential price info on ferry tickets By WANG XIN MIN TWO ferry operators have found themselves in hot water for engaging in anticompetitive behaviour. Batam Fast Ferry Pte Ltd and Penguin Ferry Services Pte Ltd were levied penalties of $172,906
      655 words
    • Article
      Lock icon Greatbatch opens R&D centre in S’pore
      359 11  -  By NISHA RAMCHANDANI US-BASED Greatbatch Inc, which develops and manufactures medical device technologies, is opening a research and development (R&D) centre in Singapore as it seeks to gain a stronger foothold in Asia. This is the first venture in the region for the group,
      359 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Colorectal cancer research gets boost
        88 11 A $4.5 million tissue bank has been jointly set up by Fortis Colorectal Hospital and the Institute of Bioengineering and Nanotechnology (IBN) to deepen research into colorectal cancer, one of the most common cancers in Singapore. The Fortis-IBN TissueBank (FIT) will store patient samples of
        88 words
      • Article
        Lock icon Workers union raises $106,300 for members
        67 11 THE Amalgamated Union of Public Daily Rated Workers (AUPDRW) raised $106,300 to benefit its 700 members who have to cope with rising costs of living. The sum will go towards the union’s education bursaries for members’ children, welfare scheme for members, as well as
        67 words
      • Article
        Lock icon New radio station hits airwaves in Sept
        89 11 SPH UnionWorks’ first radio station in two decades, Kiss 92, will hit the airwaves on Sept 3. Kiss 92 will target women in the 30 to 50-year-old age group. Its DJ line-up includes Maddy Barber from sister station 91.3, The New Paper’s movie
        89 words
    • Article, Illustration
      Lock icon Weekend fun fair to celebrate London Olympics
      343 11  -  By ARTHUR LEE MILLENNIUM Copthorne Hotels (M&C) and the British High Commission are organising a two-day fun fair this weekend at the Grand Copthorne Waterfront Hotel to celebrate the coming Olympics. One lucky spender will walk away with the top prize of airfare
      343 words
    • Article
      Lock icon Hot weather sends electricity demand up 4.8% in Q2
      391 11  -  By RONNIE LIM HOT weather, especially in April and May, caused average monthly electricity demand in Singapore to rise 4.8 per cent to 5,114 megawatts in Q2 from the previous quarter, and by 1.5 per cent from the same quarter a
      391 words
    • Article
      Lock icon CIMB chief wins award
      106 11 CIMB Group CEO Nazir Razak was recognised for his contributions to the Asian financial markets at the Euromoney Award in London yesterday. Mr Nazir received the “Euromoney Award for Outstanding Contributions”, gaining a place alongside well-known alumni like Citigroup CEO Vikram Pandit and former Deutsche Bank
      106 words
    • Article, Illustration
      Lock icon Two dead, 8 injured at MRT worksite
      392 11  -  By KENNETH FOO TWO workers were killed yesterday when a scaffolding collapsed at the Downtown Line (DTL) Bugis station worksite, submerging their bodies in fast-harden-ing cement. Officers from the Singapore Civil Defence Force (SCDF) had to use blowtorches to cut through the debris
      AFP  -  392 words
    • Article
      Lock icon Raffles Education to set up American School in Iskandar
      282 11  -  By LYNN KAN RAFFLES Education Corporation will be making its first foray into pre-tertiary education with its Raffles American School in the 305-acre Educity@Iskandar area. The Raffles American School (RAS) will be an American-curriculum school for pre-kindergarten-ers to 12th-graders. The curriculum
      282 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      87 11 A STRATEGY for retailsuCCESS a For leasing enquiries, call 6279 7300 or visit www.thegrandstand.com.sg At 200 Turf Club Road (formally Turf City), the newest and biggest family lifestyle destination in the Bukit Timah district is getting ready to transform how we live, play and unwind giving new meaning to getting
      87 words
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  • ECONOMY WATCH
    • Article
      Lock icon S-EA shares produce best risk-adjusted returns
      1040 12 Asean offers better source of growth than more cyclical North Asia: analyst Bloomberg [SINGAPORE] South-east Asia, the heart of the 1997 currency crisis, produced the best risk-adjusted returns for Asian stocks since global markets started to rebound three years ago, as investors sought a
      Bloomberg  -  1,040 words
    • Article, Illustration
      Lock icon 2.25b euro Irish plan to create jobs, spur growth
      334 12 Govt committed to getting people back to work: minister AFP [LONDON] Ireland on Tuesday said it would spend an additional 2.25 billion euros (S$3.46 billion) on creating up to 13,000 jobs and stimulating growth in the bailed-out eurozone nation. “Public expenditure
      AFP; AP  -  334 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      213 12 n Merchandiser Sys Buyer Securit tor Senior Service E Are you looking g for these jobs? Come on down to STJobs' first career fair to apply in person! Register for the fair at stjobs.sg/fair now get our exclusive goodie bag. (while stocks last) Platinum Sponsors: Gold Sponsors: Silver Sponsors: Official
      213 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Bursa Q2 profit edges up to RM38m
      516 13  -  The board of directors has approved an interim dividend of 13.5 sen By PAULINE NG in Kuala Lumpur BURSA Malaysia Bhd has registered a slight increase in profit after tax and minority interests of RM38 million (S$15.4 million) for the second quarter to
      AP  -  516 words
    • Article
      Lock icon ABN report on economy gives Najib a boost
      428 13  -  By S JAYASANKARAN in Kuala Lumpur IN comments that could boost Prime Minister Najib Razak’s chances ahead of a looming general election, an international economist has described Malaysia’s economy as being diversified and competitive with a healthy banking sector. ABN Amro Group
      428 words
    • Article
      Lock icon Malaysia inflation eases further in June
      201 13 Bloomberg [SINGAPORE] Malaysia’s inflation slowed for an eighth month in June, giving the central bank room to ease monetary policy as the faltering global economy spurs more Asian nations to protect growth. Consumer prices rose 1.6 per cent last month from a year earlier,
      Bloomberg  -  201 words
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      89 13 SAVERS <9 2- WEEKEND MALACCA CRUISE Singapore Departure; Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call: Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 Ports-of-call: Singapore, Kuala Lumpur (Port Klang), Phuket
      89 words
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      Lock icon Page 13 Advertisements Column 2
      469 13 Deutsche Bank db X-trackers ETFs V Over USD250m assets 1 The largest China A-shares ETF db x-trackers csisoo index etf available in Singapore 2 Exposure to a diversified China A-shares index Listed in USD on SGX SGX code: KT4 BBG code: XCSI SR For further information: Hotline: +65 6238 8868
      469 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Wen’s plan to curb shadow-banking hits snag
      1376 14 Economic slowdown puts pressure on leaders to boost stimulus spending Bloomberg [SHANGHAI] China’s economic slowdown threatens to derail efforts to curb underground lending measures championed by Premier Wen Jiabao as crucial to future growth. The country grew in the second quarter at the
      Bloomberg; BLOOMBERG  -  1,376 words
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      198 14 Join more than 40,000 users to find your ideal job on the go. DOWNLOAD NOW *Source: iTunes Connect, June 2012 Logi Register Search Keyword: Marketing Manager Job Function: (All selected) All Job Functions Find My Job: I Mana 9 erial I Hot Jobs x Q tm Search Browse Job Tips
      198 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing seeks mindset change on Africa ties
      570 15 Chinese to focus on partnership growth in forum with the continent Reuters [BEIJING] China is eager to rewrite negative perceptions of its growing ties with Africa at a summit this week, citing expanding private investment and a push to shift low-end manufacturing to
      Reuters; REUTERS  -  570 words
    • Article
      Lock icon VIPs cut back, Wynn Macau revenue drops
      406 15 Bloomberg [HONG KONG] Wynn Macau Ltd, the Hong Kong-listed unit of billionaire Steve Wynn’s Las Vegas company, reported a 7.1 per cent drop in secondquarter revenue as high-stake gamblers curbed spending amid a slower Chinese economy. Revenue dropped to US$907.6 million from US$976.5
      Bloomberg  -  406 words
    • Article, Illustration
      Lock icon Luxury gifts for business in mainland get a downgrade
      574 15 Bloomberg [HONG KONG] Rolex watches and bars of gold are often handed out by those seeking favours from business associates in China. Now the gift-givers are cutting back, and the luxury industry is holding its breath. Vivian So, a 38-year-old owner
      Bloomberg; FILE PHOTO  -  574 words
    • Article
      Lock icon India’s CPI slows, but still in double digits
      363 15 Inflation remains fastest among major economies Bloomberg [NEW DELHI] India’s con-sumer-price inflation slowed in June while exceeding 10 per cent and remaining the fastest among major economies. The consumer-price index (CPI) climbed 10.02 per cent from a year earlier, compared with 10.36
      Bloomberg  -  363 words
    • Article
      Lock icon Indian firms’ debt level low
      313 15 Bloomberg [MUMBAI] While Indian companies are on track for record bond sales this year, their debt burdens remain half those of the region’s average, giving them more room to borrow, say the nation’s top underwriters. Issuance rose 42 per cent this year to 1.1 trillion
      Bloomberg  -  313 words
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      18 15 > LATITUDE*** (freehold condo for immediate occupation) Viewing by Appt (Sole Agency): *****070 HensonPan WsM -n V' V r>
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      279 15 Like it? The Locals love it Osiers Tower, Wandsworth Riverside, London SW18 c ou fh me nunmgnam Kensington Club Battersea Power >: 0 8jw 3 S•, 1Tr* £j£: :"iIB rnr-yv want pT BRAND NEW Phase 2 launch sc s SF 100% SOLD M r>T-. >V> ,..,1 V St. e Wandsworth
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  • WORLD
    • Article
      Lock icon Entitlement cuts, tax hikes urged to shrink US debt
      468 16 WP [WASHINGTON] A coalition of business leaders, budget specialists and former politicians launched a US$25 million campaign on Tuesday to build political support for a far-reaching plan to raise taxes, cut popular retirement programmes and tame the national debt. With anxiety
      WP  -  468 words
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      Lock icon Worst drought in five decades ravages US
      773 16 Heatwave wilts crops across crucial breadbasket, sends grain prices soaring AFP [WASHINGTON] Weather forecasters see no end in sight to the worst US drought in five decades, a blistering heatwave that has wilted crops across America’s crucial breadbasket and sent grain prices soaring.
      AFP; BLOOMBERG  -  773 words
    • Article
      Lock icon Irish urge Londoners to swap Olympics for Guinness
      413 16 Bloomberg [BELFAST] With the promise of tranquillity and pints of creamy Guinness, Ireland is seeking to attract harassed Londoners seeking refuge from the Olympics. A new advertisement emphasising how London’s transport system will be overcrowded and the city clogged with visitors during
      Bloomberg  -  413 words
    • Article
      Lock icon Push to scrap Brazil pension rules may hit bonds
      723 16 Bloomberg [BOGOTA] Brazilian lawmakers’ push to scrap pension rules that saved the government 44 billion reais (S$27.6 billion) is fuelling concern the slump in the country’s local bonds will deepen. Real-denominated government debt has lost 5.3 per cent in dollar terms
      Bloomberg  -  723 words
    • Article
      Lock icon South Korea probe on rigged rates widens to banks
      258 16 Bloomerg [SEOUL] South Korea’s four biggest banks are being probed by the nation’s antitrust agency as it widens an investigation into whether brokerages colluded on a key money-mar-ket rate, according to officials at the lenders who were briefed on the matter.
      Bloomerg  -  258 words
    • Article
      Lock icon Credit Suisse takes steps to boost capital base
      548 17 It will issue convertible bonds, sell assets and cut more costs to add 8.7b Swiss francs to capital Reuters [ZURICH] Credit Suisse unveiled a string of measures to boost its capital base yesterday as it battles to restore investor confidence following damaging
      Reuters  -  548 words
    • Article, Illustration
      Lock icon Contrasting tales of IPO launches
      1151 18 Michael Kors Holdings is best performing IPO, with Asia contributing seven of the top 10 Bloomberg [NEW YORK] In 2003, fashion house Michael Kors Holdings Ltd was struggling. “It was losing money and probably would have gone out of business had we not bought it,”
      Bloomberg; BLOOMBERG  -  1,151 words
    • Article
      Lock icon Viennese upset at eateries’ bid to charge for tap water
      584 18 AP [VIENNA] In Vienna’s legendary coffee-house tradition, a free glass of tap water with your coffee has been a cherished part of everyday life. Now many Viennese are up in arms over a movement by restaurateurs to start charging for
      AP  -  584 words
    • Article, Illustration
      Lock icon ECB urges overhaul of Euribor rate setting
      649 19 Reuters [FRANKFURT] The European Central Bank is putting pressure on the organisers of Euribor for an overhaul to shore up faith in the benchmark interest rate following a scandal over the manipulation of the Libor standard, sources familiar with the matter said. The
      Reuters; REUTERS  -  649 words
    • Article, Illustration
      Lock icon UK bankers scrap swanky dinner
      363 19 Bloomberg [LONDON] The British Bankers’ Association (BBA), the lobby group that oversees the London interbank offered rate (Libor), postponed yesterday’s annual dinner for the first time following Barclays’ record fine for rigging the benchmark. “In the current circumstances it would be wrong to proceed,” BBA
      Bloomberg  -  363 words
    • Article
      Lock icon Spanish banks’ bad loan ratio at 8.95%
      146 19 AP [MADRID] Spain’s banks have 155.84 billion euros (S$240.62 billion) in loans that are at risk of not being paid the highest level since 1994, according to the country’s central bank. The bank said yesterday that the amount of non-per-forming loans in May
      AP  -  146 words
    • Article
      Lock icon US inflation to stay near target as oil prices drop
      632 19 Further drops in joblessness likely to be ‘frustratingly slow’, says Bernanke Bloomberg AFP [WASHINGTON] Federal Reserve chairman Ben Bernanke said that inflation will probably remain at or below the central bank’s 2 per cent target after energy prices reversed their
      Bloomberg; AFP  -  632 words
    • Article, Illustration
      Lock icon BOA posts Q2 profit as CEO cuts expenses
      478 19 Losses in real estate narrowed to US$768m Bloomberg [NEW YORK] Bank of America Corp, shaking off some of the drag caused by faulty mortgages, swung to a sec-ond-quarter profit as losses in real estate narrowed and the company set aside less for
      Bloomberg; REUTERS  -  478 words
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      96 16 AMOY CANNING CORPORATION (SINGAPORE) LTD (Reg No: *****0138E) LOSS OF SHARE CERTIFICATE The following ordinary share certificate has been reported or destroyed. Certificate No. In the Name of No. of Shares B***** Lim Keow Gnoh (deceased) 35,737.5 NOTICE is hereby given that if within fourteen days from date of publication,
      96 words
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      2134 17 Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2012 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the half year ended 30 June 2012: Second Quarter Half Year
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      215 18 Do You Want to Become a Best Best Employers 2.0 Singapore 2013 Study At Aon Hewitt we are focused on helping organizations measure and improve employee engagement to drive workforce performance. Since the Aon Hewitt Best Employers study began in 2001, findings have shown that having a high level of
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      84 19 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FORM 69 (3) NOTICE OF INTENDED DIVIDEND Name of company Piper’s Pies Pte Ltd (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****1971G) Address of registered office 336 Smith Street, #06-308 New Bridge Centre Singapore *****6 Last day for receiving proofs 3rd August 2012
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      614 19 HEALTHWAY MEDICAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****8625C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of Healthway Medical Corporation Limited (the “Company”) will be held at The National University of Singapore Society, Kent Ridge Guild House,
      614 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Spotlight again on work safety
      492 20 EDITORIAL NOT a week goes by, it seems in Singapore of late, without some incident of service breakdown or mishap in a public facility or worksite. There may not actually have been one unfortunate episode every week, but in a country known for its world-class
      492 words
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      Lock icon Obama’s campaign tactic woefully inadequate
      847 20  -  THE BOTTOM LINE CLIVE CROOK The writer is a Bloomberg View columnist. The opinions expressed are his own. BARACK Obama’s allies are praising his re-election campaign for the ferocity of its attacks on Mitt Romney and his business record, and for shaping the contest around
      847 words
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      Lock icon Japan nuclear debate: less heat, more light
      1102 20  - Japan nuclear debate: less heat more light Valid arguments against fossil fuels are lost in the emotionally charged din ANTHONY ROWLEY Tokyo Correspondent AT THE height of a hot and humid Tokyo summer, it is difficult to summon enough energy to brave the sweltering heat for more than a few
      BLOOMBERG  -  1,102 words
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      Lock icon Truth, justice, and the corporate way
      1292 21  -  A good board should have attributes such as integrity, mix of competencies, commitment, and diversity of viewpoints By MAK YUEN TEEN The writer is associate professor at the NUS Business School. This article is based on a speech he delivered at a recent conference
      1,292 words
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      Lock icon Tale of two Asian cities’ financial services sector
      715 21  -  By ALEX EYMIEU The writer is a partner with CTPartners and a member of the firm’s Financial Services Practice. CTPartners is an executive search firm. COMPARED to Singapore, Hong Kong seems to be winning the race for institutional capital management and hard
      AP  -  715 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AMR-US Airways merger would boost oneworld: IAG chief
      565 22 IAG willing to invest directly in AMR after it emerges from bankruptcy: Walsh Reuters [WASHINGTON] A potential merger between American Airlines and US Airways would strengthen, not harm, its partners British Airways and Iberia, the European airlines group’s chief said on Tuesday.
      Reuters  -  565 words
    • Article
      Lock icon Containers’ on-time rate improves in June
      469 22 Maersk Line most reliable in terms of sailing times: report Bloomberg [HAMBURG] The world’s container shipping lines boosted reliability in June in terms of the number of boxes delivered on time, according to a company that offers online shipping management and a maritime analytics
      Bloomberg  -  469 words
    • Article, Illustration
      Lock icon JAL dismisses budget airlines threat
      368 22 AFP [HONG KONG] Japan Airlines said on Tuesday the country’s booming budget carrier market would not pose a “tremendous” threat to the flag carrier, which went bust in one of the nation’s biggest-ever bankruptcies. JAL, which went bankrupt in January 2010 with debts totalling 2.32
      AFP; REUTERS  -  368 words
    • Article
      Lock icon Air China says fall in H1 earnings may top 50%
      274 22 Bloomberg [SHANGHAI] Air China Ltd, the world’s secondbiggest carrier by market value, said its first-half profit may fall more than 50 per cent because of slowing travel demand and higher fuel costs. Net income will drop from 4.06 billion yuan
      Bloomberg  -  274 words
    • Article
      Lock icon Iran to insure foreign ships entering its waters
      424 22 Reuters [DUBAI] Iran says it will insure any foreign ship that enters its waters, in an effort to skirt a European Union ban on insuring ships carrying Iranian crude that has hampered the country’s oil exports. “The Islamic Republic of Iran will
      Reuters  -  424 words
    • Article
      Lock icon Japan ship certifier ClassNK cuts Iran ties
      501 22 Reuters [TOKYO] A Japanese ship classification society will close its Teheran office, becoming the latest firm to face pressure by a US lobby group to end dealings with Iran as backers of Western sanctions pile pressure on the Islamic Republic. Japan’s ClassNK said
      Reuters  -  501 words
    • Article
      Lock icon TRANSPORT STOCKS
      246 22 SGX '000 Jul 18 S$ +/-Vol CH Offshore 0.41 unch 33 Chuan Hup Hldg 0.22 -0.01 285 Cosco Corp 0.99 -0.02 7476 s$ Ezra Hldgs 1.03 -0.02 3908 First Ship Lea 0.17 unch 204 Freight Links 0.07 unch 739 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      246 words
    • Article
      Lock icon The Business Times Shipping Times
      1965 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
      1,965 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      334 22 CRYPTIC CROSSWORD Across 1 Gardener’s skill? (10) 6 Injure limb after start of holiday (4) 9 Noble descent takes precedence in medical analysis (5,5) 10 One way to make the food go round (4) 12 This person gets seconds in dining room (4) 13 Sporting contest cut short means 50-50
      334 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2974 24 Transaction date: Jul 18 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 132 92.5 AIMSAMPIReit 131.5 unch 498
      2,974 words
    • Article
      Lock icon SGX CATALIST
      196 25 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C'vr
      196 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8191 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCIA!** 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 EM local Ccy Bond 0 9566/
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    • Article
      Lock icon GLOBALQUOTE
      206 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A29 -1 4 29 29 29 38 3.6 12.1 2.3 75.5 46 25.5 Genting HK US$ US31.5 -0.5 3112 32 31 31 31.5 2074.1
      206 words
    • Article
      Lock icon SGX ETF
      980 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 120.7 +0.1 8 120.7 120.7 119 123 551 122.4 122.2 CIMB APAC Div 100S$D 122.2 125.7 126.6 103 95.8 CIMB
      980 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      641 26 Jul 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8796.15 8802.09 8715.14 Sep12 8745.00 8800.00 8705.00 8740.00 ***** *****9 Dec12 8680.00 520 9543 MSCI TAIWAN INDEX FUTURES SPOT 252.08 252.12 248.69 Jul12 250.40 251.80 246.70 246.90 ***** *****1 Aug12 247.10 248.80 243.90 244.10
      641 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 17 Index Change Change Change Change Change Change World Preliminary 868.3 0.0 4.6 -0.1 1.0 -0.1 3.5 EAFE Preliminary 695.6 -0.1 2.0 -0.3 -3.1 -0.3 -0.7 Europe Preliminary 1041.6 -0.3 1.5
      373 words
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      Lock icon SMX MARKET UPDATE
      149 26 As on 17 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1598.10 1572.10 1589.70 578 INDIA GOLD (E-GOLD) FUT AUG2012 533.65 525.80 530.90 1347 GOLD FUT OCT2012 1592.10 1574.20 1592.00 13 CURRENCY EUR-USD FUT SEP2012 1.2322 1.2199 1.2283 2118
      149 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Jul 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1639.00 1609.50 1647.75 1616.75 Sep 12 1612.75 1590.50 1625.00 1594.25 Nov 12 1590.50 1586.25 1607.00 1575.25 Jan 13 1586 1586.25 1601 1570 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 54.14
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jul 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.80 0.85 WTI (Near Mth) 88.94 0.67 Dubai (1-Mth F) 100.95 2.18 Tapis blend 107.64 2.02 Minas 108.24 2.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.44 2.77 Jet Kerosene 117.87 1.10 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jul 18 S$ Bid Offer 1-month 1.2597 1.2598 2-months 1.2595 1.2597 3-months 1.2593 1.2594 6-months 1.2579 1.2581 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 26 Jul 17 17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1876.75 1885.75 3 months 1904.00 1917.50 Copper, Grade A(US$/tonne) Cash 7591.00 7695.00 3 months 7595.00 7683.00 Lead(US$/tonne) Cash 1883.75 1889.25 3 months 1894.00 1900.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon LIFFE
      80 26 Jul 17 COCOA (£/tonne) Close Prev High/Low Sep 12 1501 1502 1518/1488 Dec 12 1500 1504 1515/1486 Mar 13 1493 1492 1504/1478 May 13 1497 1493 1506/1480 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2082 2088 2085/2085 Sep 12 2083 2089 2096/2073 Nov 12 2079 2083 2090/2070 Jan 13 2059
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1136 26 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 1 146 384 7.75 22 Conv Ratio Baker Technology Ltd W*****6 0.8 1 32 11 36.88 4 Price Best World Intl Ltd W*****5 0.6 1 30 85
      1,136 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Jul 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.565 0.839 7.994 56.943 97.592 0.815 11.766 3.254 1.296 97.309 42.973 1.298 8.436 1.008 30.908 32.651 0.659 1.031 Canada 0.958 6.290
      470 words
    • Article
      Lock icon SIBOR
      60 26 Jul 18 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates 1 yr
      60 words
    • Article
      Lock icon PRECIOUS METALS
      136 26 Jul 18 GOLD(US$/oz) Jul 18 Jul 17 Hong Kong 1589.00 1600.00 Jul 17 Jul 17 Jul 16 London 1577.00 1594.00 1577.75 1594.90 Source: Thomson Reuters CAST BAR Jul 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 437 320 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 26 Jul 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18-Oct-12 0.25 6-Month BS*****F 10-Jan-13 0.25 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.12 5-Year N*****0Z 2.375 01-Apr-17 109.23
      86 words
    • Article
      Lock icon PALM OIL
      57 26 Jul 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 3034.0 3042.0 3040.0 2970.0 923 7296 Sep 12 3047.0 3056.0 3058.0 2982.0 6314 ***** Oct 12 3054.0 3062.0 3067.0 2990.0 ***** ***** Nov 12 3053.0 3068.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Jul 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2981 1.2986 1.0305 1.0308 Canadian dollar 1.2434 1.2442 0.9877 0.9871 Euro 1.5470 1.5474 1.2281 1.2283 NZ dollar 1.0018 1.0024 0.7953 0.7957 Sterling pound 1.9703 1.9707 1.5641 1.5643
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jul 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.272 1.212 Euro 1.583 1.508 Sterling pound 2.007 1.930 NZ dollar 1.033 0.984 US dollar 1.276 1.227 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 26 Jul 18 $S Offer Bid 0vernight 0.06 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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 1.05 0.85 12
      155 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Europe developers turn to feng shui for better sales
      1265 27 Homes designed according to 4,000-year-old Chinese system a move to draw cash-rich Far East buyers Reuters [LONDON] This September, work starts on a development of 22 homes around a Chinese-style courtyard, pavilion and pond. Enclosed by high white walls, it will
      Reuters; REUTERS  -  1,265 words
    • Article
      Lock icon Househunt
      815 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 19 WITH CONTRACT DATES BETWEEN JUNE 20 AND JUNE 26, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 26/06/2012 99 1076 2866 2663 District 2 NON-LANDED Skysuites Anson
      815 words
    • Article
      Lock icon Strata commercial properties see record sales
      749 28  -  669 strata shops, 632 strata offices transacted in first half: Knight Frank By WANG XIN MIN [SINGAPORE] Transaction sales of strata commercial properties reached record highs for the first six months of this year and may remain at such levels, according to property consultancy
      749 words
    • Article
      Lock icon China home prices back up on interest rate cuts
      592 28 Prices up in most number of cities in 11 months as buyer sentiment improves Bloomberg [SHANGHAI] China’s new home prices last month rose in the most number of cities tracked by the government in 11 months as buyer sentiment improved after
      Bloomberg  -  592 words
    • Article, Illustration
      Lock icon URA to launch tender for reserve list site at Farrer Road
      502 29  -  Strong competition expected due to site location, relatively low price quantum By MINDY TAN [SINGAPORE] A 99-year leasehold private housing site at Farrer Road, near Botanic Garden MRT Station, has been triggered for release from the government’s reserve list
      502 words
    • Article
      Lock icon Chang Charn Rd sites for sale with $45m tag
      265 29 [SINGAPORE] Two adjacent plots along Chang Charn Road in the Leng Kee area have been put up for sale, with an asking price of about $45 million. The first, at 8 Chang Charn Road, a quality sixstorey building, has a builtup
      265 words
    • Article, Illustration
      Lock icon CCT boss a champion of work-life balance
      1524 30  -  Lynette Leong finds continued energy and motivation to pursue excellence, from climbing mountains to baking, reports KALPANA RASHIWALA reportsKALPANA reportsKALPANA RASHIWALA LYNETTE Leong gets satisfaction from her life’s experiences, including climbing mountains. “Every mountain that you climb, you know there’s a bigger mountain.
      1,524 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      138 27 l°a N s E a S lle ANG 8 1 0 Chang Charn Road Real v,line in a changing world (2 drilling plOtS) Total Land Area: Approx. 21,281 sq ft Tenure: 99 years wef 1 January 1958 Master Plan Zoning: Business 1, Plot Ratio 2.5 Redevelopment potential Prominent and centralised
      138 words
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      Lock icon Page 27 Advertisements Column 2
      65 27 thel_IN_ tanjong rhu SAVILLS INVITES YOU TO PRE-BOOKING EVENT A prestigious address many desire A lifestyle many appreciate A location with great convenience plenty of amenities A rare freehold development with sea- city-view Visit us at 6 Tanjong Rhu Road this weekend 21 st July (Sat) 3pm 8pm 22 nd
      65 words
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      Lock icon Page 27 Advertisements Column 3
      129 27 RESIDENTIAL SITE NOVENA Estate Agency Licence No: L*****33E Ultra Mansion, Derbyshire Road Located in Prime District 11, Novena (Freehold) Site Area 4,228.25 sqm 45,512 sq ft MP 2008 Zoning Residential Plot Ratio 2.8, Potential GFA 140,180 sqft Minimum DC 500m to Novena MRT station Proximity to World-Class Medical Hub IRRAWADY
      129 words
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  • Page 28 Advertisements
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      39 28 8 Nassim Hill (Luxury Home) 3 storey “Townhouse” Penthouse Immediate Occupation Private Pool with Lawn Cobroke welcome Freehold. Foreigners eligible ReAnne Leu: 9183 3547(CEA Reg No: R*****2B) DTZ Debenham Tie Leung (SEA) Pte Ltd Estate Agent Licence No: L*****01G
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      265 28 Gi u a ran teed A 0/ Rental •f/O Yield (for the first 2 years) Tiie Water Sanctuary at FIVE CHANCERY il by i lie waters. Coveted address Exclusive 12 strata bungalows Private Pool Spacious Private lift Close to Prestigious top schools ERA For more information please call 9616 3656
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      64 28 COMMERCIAL Prime Conservation Shophouses at Pagoda Street 2 adjoining 31/2-storey refurbished shophouses within Chinatown historic area Zoned Commercial, 99 year wef 30/10/1995 Total Land/Floor area 2400 sq ft/ 6,800 sq ft approx. respectively Fully tenanted, about 150m to Chinatown MRT station Expression of Interest Closing 27th July 2012 (Friday), 3pm
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      108 29 Freehold Mixed Landed Site off Upper Bt Timah 70,283 sf land; 3-sty mixed landed; FH Quiet squarish island site; 4 frontages Close to PIE/BKE Beauty World MRT Potential for up to 43 landed homes Tender Closing on 15 Aug 012 (Wed), 2.30pm leeswan.tang@credo.com.sg (CEA Regn No: R*****3A) angela.lim@credo.com.sg (CEA Regn
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      251 29 LONDON PROPERTY OWNERS i We have professional referenced tenants waiting to rent your property today! The directors of Benham and Reeves Lettings, central London's largest rental agency, are visiting Singapore for 3 days on July 27,28 29. Come and speak to us for FREE expert advice on your London apartment.
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