The Business Times, 27 July 2012

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Microfilm: NL32075
Total Pages: 43
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, July 27, 2012
    25 words
  • Article, Illustration
    Lock icon Changi may be jilted as Qantas eyes Dubai
    667 1  -  Australian carrier mulls link-up with Emirates that may bypass kangaroo route here By VEN SREENIVASAN [SINGAPORE] In a move that could impact the Singa-pore-Changi hub, Australia’s Qantas Airways and Du-bai-based Emirates are headed for an alliance that may see Qantas bypass Singapore
    REUTERS  -  667 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,004.57 (+13.65) GST INDEX FUTURES 3,004 (+14) GSIMSCI 346.34 (+1.40) GSIMSCI FUTURES 346.20 (+1.60) us$ s$ US$ (S$ per US$) 1.254 (US$/S$ per 1.550 1.943 EURO (US$/S$/E) 1.215 1.523 Foreign currency per US$ S$ YEN 78.20 62.30 RM 3.164 2.524 HK$ 7.757 6.187 BAHT 31.66 25.25 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,623.91 -11.18 NIKKEI 225 8443.10 +77.20 HANG SENG 18,892.79 +15.46 SET INDEX 1,172.92 -15.70 JAKARTA COMP 4,004.78 +3.94 MANILA COMP 5,152.56 -9.24 SEOUL COMP 1,782.47 +13.16 SHENZHEN B 582.28 -2.99 MUMBAI IND 16,639.82 -206.23 11.45am EDT Change DOW 12,838.92 +162.87 NASDAQ 2,880.69 +26.45
      48 words
    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.202 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
      18 words
  • Article, Illustration
    Lock icon Jostling for position ahead of F&N D-Day
    782 1  -  By EMILYN YAP [SINGAPORE] Shares in Asia Pacific Breweries (APB) fell yesterday as the spotlight turned to its parent Fraser Neave (F&N), where acquisition moves by major shareholders are now brewing. Thai Beverage emerged as one of the block buyers of F&N shares
    Source:  -  782 words
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      261 1 PROPERTY GCB market perks up in Q2 PAGE 12 CASINOS Las Vegas Sands profit down as Asian growth slows PAGE 18 EXECUTIVE LIFESTYLE Music and mentors PAGE 38 SHOWFLATS WITH ‘WOW’ FACTOR Starting today, a new section on property Classifieds comes with your BT every Friday. Don't miss it! PAGES
      261 words
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      10 1 THE ROAD LESS TRAVELLED On the Razer’s edge PAGE 44
      10 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      574 2 Changi may be jilted as Qantas eyes Dubai IN a move that could impact the Singapore-Changi hub, Australia’s Qantas Airways and Dubai-based Emirates are headed for an alliance that may see Qantas bypass Singapore as its “kangaroo route” hop-off. FRONT PAGE Jostling for position ahead of F&N D-Day
      574 words
    • Article
      Lock icon June manufacturing rises 7.6% on pharma surge
      436 2  -  Excluding biomed, output shrinks 1.5% from year ago; fall in electronics slows By TEH SHI NING [SINGAPORE] Industrial output rose 7.6 per cent in June from a year ago thanks to pharmaceuticals’ anti-cyclical surge, more than double the 2.8 per cent consensus forecast.
      436 words
    • Article, Illustration
      Lock icon Credo name history after JLL acquisition
      812 2  -  By FELDA CHAY [SINGAPORE] Home-grown property agency Credo Real Estate, widely known as the go-to dealmaker for en bloc sales, is bidding farewell to its name following its acquisition by global real estate services group Jones Lang LaSalle (JLL) a deal that both firms
      812 words
    • Article, Illustration
      Lock icon Massive move to boost S’pore infrastructure
      822 3  -  Housing, transport and public services to be stepped up in next 5-10 years By MALMINDERJIT SINGH [SINGAPORE] The government plans to ramp up infrastructure in Singapore over the next decade to meet the needs of population growth here in recent years, even though the
      Source: Department of Statistics, Ministry of Manpower  -  822 words
    • Article
      Lock icon Singapore’s richest grow 9% richer: Forbes
      669 3  -  By WANG XIN MIN [SINGAPORE] Facebook’s co-founder, Singapore’s “Popiah King”, and CEO of supermarket chain Sheng Siong while these individuals may seem like an odd mix, they are among Singapore’s 40 richest people who are worth US$59.4 billion collectively, 9 per cent more than
      669 words
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      122 2 A Jv o o C- L, UHL N lOOO Louis Hoover’s THE um I WOOD ORCHESTRA TOO If he played football like he sings, I'd sign him tomorrow. Sir Alex Ferguson When I played Louis' album And This Is Me I didn't listen for Sinatra. I only heard Louis Hoover
      122 words
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      226 2 mm s (9 m SINGAPORE CHINA (NINGBO) IMPORT AND EXPORT FAIR 2012 26 28 July, 2012 10am 7pm Suntec Singapore International Convention Exhibition Center (401 Hall) NSExpo2012 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
      226 words
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      276 3 Guaranteed COE, immediate delivery. And yes, we're still maintaining our prices despite the COE increase. For a limited period only. www.kia.com.sg Ten Most i aU STRAL |A S 9 S a DesignAust Car of The Year Award EcoCar Carsof2o]i dinner (2QH) War d’s lo B=st Int Intenors Award Best of
      276 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaMalls Asia Q2 profit surges 40.7%
      445 4  -  Group raises interim dividend as first-half profit surges 39.6% to $298.8m By MINDY TAN CAPITAMALLS Asia (CMA) achieved a 40.7 per cent jump in net profit to $232.0 million for the second quarter ended June, from $164.9 million a year ago. Revenue for the
      FILE PHOTO  -  445 words
    • Article
      Lock icon Noble Group puts off sale of farming unit
      320 4 Bloomberg [HONG KONG] Noble Group Ltd, Asia’s biggest commodity supplier, has shelved plans to sell its agriculture unit saying now is the time to build the business amid declining asset prices. “We decided to postpone, to running the business, to growing the
      Bloomberg  -  320 words
    • Article
      Lock icon OSIM posts 20% rise in Q2 profit
      348 4  -  By TEO SI JIA HOMEGROWN healthy-life-style products group OSIM International registered a 20 per cent increase in net profit to $22.53 million for its second quarter ended June 30, from $18.77 million a year earlier. Its earnings for the first half year grew
      348 words
    • Article
      Lock icon Dairy Farm’s net profit gains 8% in H1 2012
      438 4  -  Board declares 6.5 US cents interim dividend By KENNETH LIM GROCERY store operator Dairy Farm International said net profit gained 8 per cent in the first half of 2012 as its North-Asian businesses grew by almost a quarter. Profit attributable to
      438 words
    • Article, Illustration
      Lock icon HPH Trust Q2 profit up 0.4% at HK$580m
      561 5  -  Revenue up 6.1%; DPU of 24.05 HK cents for H1 By CAI HAOXIANG HUTCHISON Port Holdings (HPH) Trust posted a 0.4 per cent increase in net profit for the second quarter ended June 30, even though the figure was 11.1 per cent
      FILE PHOTO  -  561 words
    • Article
      Lock icon Hup Soon Global gets general offer of 10¢ per share
      225 5 THE executive chairman of Hup Soon Global Corporation plans to take the company private in a deal that values the industrial equipment and automotive products distributor at $36.4 million. Spei Holdings, owned by Hup Soon chairman and chief executive Timothy
      225 words
    • Article
      Lock icon Hard work comes after M&A
      488 5  -  Mercer survey reviews post-merger integration of 41 companies By JAMIE LEE FALLING in love is probably easier than staying in love and that rings just as true for corporate mergers as any other wedlock. In particular, acquiring companies in the region may be quick to
      488 words
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      56 4 Be understood with iiiuoi|u. The mobile app that lets you translate local terms from English to Chinese, illuayu is now available for free download on iPhone. Y m. to|ig V J •f-fc-rr-f-tin'E. promote MANDARIN mTlsl COUNCIL Jf if Mandarin. 1 t It Gets Better with Use. S N/ 0 0
      56 words
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      610 4 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH
      610 words
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      370 5 ONLY SGD260k' TO OWN KL’S MOST STYLISH STUDIO SUITE BACK BY POPULAR DEMAND Mi J A L AN AMP ANG ONLY 5% DOWN PAYMENT to own Up to 85% Financing Fully Furnished Package Developer Absorbs*: Progressive Interest During Construction Legal Fees Disbursement for SPA and DMC FIC Consent Application Fees
      370 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI gains checked by Europe opening
      562 6  -  Index rebounds 32 points initially but finishes with a rise of only 14 points STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index had a volatile session yesterday, first rising 32 points but closing with a net gain of just 13.65 points at 3,004.57
      Source: Bloomberg  -  562 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jul 26 VALUE CLOSE BT OB/OS -287.00 +93.00 BT CADI -*****.00 +10.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 695.57 +2.34 FTSE ST Small Cap 453.18 +1.10 FTSE ST All Share 726.52 +3.08 FTSE ST China Top 200.48 -0.56 FTSE ST China 222.27 -2.51 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Genting SP 144,623,000 Digiland 71,511,000 TT Intl 61,917,000 GSH Corp 61,105,000 Aussino 44,326,000 Golden Agri 39,305,000 IHH Healthcare 38,367,000 JB Foods 36,065,000 Noble Grp 35,379,000 MDR 33,946,000 VALUE($) Genting SP 180,043,898 SingTel 93,778,565 Wilmar 93,287,600 DBS Grp 71,438,965 F&N 55,958,120 UOB 55,667,705 Keppel Corp 55,285,800 OCBC
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 44 49 44 9 6 6 53 55 50 Commerce 26 19 18 1 3 4 27 22 22 Tpt/Stor/Comms 20 8 13
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,903 16,903 88,193 88,193 Manufacturing 306,722 21,033 327,755 327,641 642 328,283 Commerce 306,153 8,498 314,651 108,916 714 109,630 Tpt/Stor/Comms 94,209 20,415 114,624 188,034 5,628 193,663 Finance 21,560 833 22,393 197,615 325 197,940 Construction 54,447 5,326
      123 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      971 6  -  Compiled by CONRAD TAN SATS July 26 close: S$2.80 Maybank Kim Eng Research, July 26 SATS reported a decent set of results for Q1 FY2013 (the three months to end-June), posting a 3.8 per cent y-o-y improvement in underlying net profit from continuing operations to S$41.3 million. This
      Source: Bloomberg  -  971 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.610 +0.035 CapitaLand 2.970 +0.030 CapitaMall 1.965 +0.025 CityDev 11.620 -0.010 ComfortDelGro 1.640 -0.005 DBS Grp 14.660 +0.150 F&N 8.380 +0.030 GLP 2.220 +0.020 Genting SP 1.220 -0.065 Golden Agri 0.710 -0.005 HK Land 5.880 -0.060 JMH
      113 words
    • Article, Illustration
      Lock icon Euro surges after ECB chief’s pledge
      433 6 CURRENCIES Reuters [NEW YORK] The euro soared against the US dollar and other major currencies yesterday, reversing earlier losses, after European Central Bank chief Mario Draghi said the bank would do whatever it takes to preserve the single currency. The euro touched a fresh
      Reuters; BLOOMBERG  -  433 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP JMH 5299 224.4 3.5 GLD 10US$ ***** 163.0 0.8 DBXT MSEurope 10US$ 3943 72.7 1.5 DBXT Nifty 10US$ 9287 61.4 0.5 DBXT E50 10US$ 3064 50.2 1.3 DBXT MSKorea 10US$ 5112 50.2 0.8 DBXT FTChina25 10US$ 2477 45.1 1.5 UOB.ES.1208 1973 42.0 2.2 DBS Bk
      109 words
    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN Asia Pac Brew 5000 -200.0 -3.8 Lyxor Nasdaq100 10US 1022 -31.3 -2.4 IS Asia BND 100US 1041 -15.0 -1.1 UOB 5.05%NCPS 100 ***** -14.0 -0.1 DBXT MSTHAI 10US$ 1752 -12.5 -0.6 IS ASIA HYG100US$ 1069 -12.5 -0.9 Wilmar 343 -12.0 -3.4 SembCorp Ind 524 -11.0
      128 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
    • Article, Illustration
      Lock icon STATS ChipPAC’s Q2 profit falls to US$8.9m
      382 8  -  Earnings plunge from US$19.23m in the same quarter last year By TEH SHI NING STATS ChipPAC’s secondquarter net profit plunged to less than half of what it was a year ago, as falling sales were exacerbated by higher labour costs due to currency
      382 words
    • COMPANY BRIEFS
      • Article
        Lock icon Parkson Retail Asia takes 42% stake in Odel
        88 8 PARKSON Retail Asia has agreed to buy a 41.8 per cent stake in Sri Lankan fashion retailer Odel for $13.6 million. It intends to buy 60.625 million shares from the Gunewardene family, Odel’s founding members and majority shareholders, at LKR23.50 a share.
        88 words
      • Article
        Lock icon Sheng Siong Q2 profit down 2%
        94 8 SHENG Siong Group’s Q2 net profit fell 2 per cent to $7 million, from $7.2 million a year back. This was despite a 5.2 per cent increase in revenue to $146.9 million for the three months ended June 30, from $139.6 million a year
        94 words
      • Article
        Lock icon Mapletree Logistics Trust Mgt CEO resigns
        74 8 RICHARD Lai Tak Loi, executive director and CEO of Mapletree Logistics Trust Management, manager of Mapletree Logistics Trust, has resigned due to personal reasons and will be on leave till his last day of service on Aug 25. Ng Kiat, chief investment officer, Southeast
        74 words
      • Article
        Lock icon Lim Hwee Hua joins Stamford Land’s board
        53 8 STAMFORD Land Corporation announced the appointment of Lim Hwee Hua as its independent director to further strengthen its board. Mrs Lim last served as Minister in the Prime Minister’s Office, Singapore, and concurrently as Second Minister for Finance and Transport from April 2009
        53 words
      • Article
        Lock icon Gul Tech Q2 earnings jump 63%
        63 8 GUL Technologies Singapore reported a 63 per cent year-on-year increase in net profit attributable to equity-holders to US$7.45 million for the second quarter ended June 30, 2012. Revenue increased 20 per cent to US$74.24 million from US$12.69 million a year ago. Earnings per share
        63 words
      • Article
        Lock icon China Gaoxian seeks extension
        109 8 CHINA Gaoxian Fibre Fabric Holdings has requested a six-month extension to finalise and implement its resumption of share trading proposal following its $27 million implementation agreement. The agreement sees the fund management subscribing 270 million new shares in China Gaoxian at 10 cents each, while the
        109 words
    • Article
      Lock icon Lian Beng FY12 profit rises 8.1% to $52.09m
      365 8  -  Group proposes higher dividend of 2 cents a share By TEO SI JIA CONSTRUCTION company Lian Beng Group posted a net profit rise of 8.1 per cent to $52.09 million for the full year ended May 31, 2012, from $48.18 million for
      365 words
    • Article
      Lock icon MTQ profit soars to $4.7m in Q1
      292 8 By CARINE LEE BOOSTED by a post-acquisition revenue jump, MTQ Corporation registered a net profit attributable to shareholders of $4.71 million for the first quarter ended June 30, 2012, up from $229,000 a year earlier. The mainboard-listed engineering specialist in the fabrication, repair
      292 words
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      155 7 140 BHP UL TURBO 6 a litres •O /100KM MAXIMUM LOAD VOLUME 1.550L < EGG 9001 tts 8 k The new ASTRA SPORTS TOURER 1.4 TURBO GREAT FOR LONG HAULS. GREAT FOR SHORT SPRINTS. ANYTHING IN BETWEEN IS AN EXCUSE. The new Astra Sports Tourer packs in more enjoyment and
      155 words
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      103 8 h* SBr I 1 t 4 L •*V > L^sr;. fill,: w sy I as Viewing Saturday, 28 July 2012 11.00 am 8.00 pm Auction Sunday, 29 July 2012 Auction: 1.00 pm Venue The Ballroom Level Two Sheraton Towers Singapore 39 Scotts Road, Singapore *****0 Affandi, Widayat, S. Sudjojono, Aric
      103 words
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      366 8 FREEHOLD PLATINUM SUTES in the Golden Triangle of KUALA LUMPUR CITY CENTRE FULLY FURNISHED to show flat standard* A WnV mm yrt,YV iS/il.vi 5 sc W.Y ggs? 52 iafl »“3'^ '3’S-isC rC5S sif ■5s?@:S I. Sfi si iffifli r—m.- f-1-a ,»|l| i!! •li 11 :i;i; vT g|S F |i|i; r
      366 words
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  • SUSTAINABILITY
    • Article, Illustration
      Lock icon Sustainable financing takes hold
      1525 9  -  Asian banks are starting to incorporate the concept of sustainability into their businesses, reports LYNETTE KHOO reports LYNETTE KHOO ONCE an unfamiliar concept for many, sustainable finance has become a movement that has been gaining traction around the world. Last September, the World Federation of Development
      AFP  -  1,525 words
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      51 10 / 11 Both are good choices. The yellow old pot has 2 more acorns now, and the blue new pot has 4 more acorns now. I put my investment acorn in the blue pot of new Temasek investments. I invested one acorn in the yellow pot of old Temasek investments 10 years
      51 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon GCBA deals double in Q2; transaction value up 60%
      719 12  -  CBRE analysis shows momentum continuing into the third quarter By KALPANA RASHIWALA ACTIVITY in Singapore’s Good Class Bungalow (GCB) Areas perked up in the second quarter after an initial knee-jerk slowdown in Q1 in reaction to the additional buyer’s stamp duty
      719 words
    • Article
      Lock icon WTO all praise for S’pore’s trade and economic policies
      400 12  -  By LEE U-WEN SINGAPORE was praised by the World Trade Organization (WTO) and many of its members yesterday at the close of its sixth Trade Policy Review (TPR) in Geneva. A total of 32 WTO members spoke during the three-day review.
      400 words
    • Article
      Lock icon 4 S’pore firms in Forbes Best Under a Billion list
      437 12  -  By WANG XIN MIN FOUR Singapore firms have made it to the Forbes Asia’s “Best Under A Billion” list. Miclyn Express Offshore, which provides service vessels for the oil gas industry, was the only firm to retain its place in
      437 words
    • Article
      Lock icon Women in Business award launched
      166 12 ACCOMPLISHED businesswomen can look forward to having their efforts recognised with the launch of Servecorp’s inaugural Women in Business Awards. The serviced office and virtual office supplier announced the launch of one of the Singapore’s first awards to recognise businesswomen solely for their professional skills
      166 words
    • Article
      Lock icon Baidu taps A*Star, researching SE-A languages here
      309 12  -  By VICTORIA HO CHINESE search giant Baidu has partnered the Agency for Science, Technology and Research’s (A*Star) to open a research centre in Singapore. It is working with A*Star’s Infocomm Research (I2R) lab, and has set a roadmap to research South-east Asian languages,
      309 words
    • Article
      Lock icon Attend virtual training with WDA
      232 12  -  By VICTORIA HO IT looks like virtual worlds have survived Second Life’s death, after all. The Workforce Development Authority (WDA) has launched a virtual reality world to provide classroom training to creative professionals. Called the Creative Industries (CI) Virtual World, the online portal was launched
      232 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Funding enhanced for Green Mark scheme
        91 12 THE existing Green Mark Incentive Scheme for Existing Buildings (GMIS-EB) has been enhanced to co-fund up to 50 per cent, or $3 million, for Green Mark Platinum building projects. This is an increase from the current caps of 35 per cent and $1.5 million
        91 words
      • Article
        Lock icon Citi’s Tracey Woon promoted to vice-chair
        83 12 CITI has promoted Tracey Woon to vice-chairman of Asean corporate and investment banking. She will be based in Singapore. Her previous role was managing director, head of South-east Asia global investment banking and head of Singapore global banking. She joined Citi in May 2004
        83 words
      • Article
        Lock icon Far East Travel’s licence revoked
        99 12 THE Singapore Tourism Board said in a statement yesterday that Far East Travel Lifestyle Pte Ltd (FET) has had its Travel Agents (TA) licence revoked on July 20. From October 2011 to May 2012, STB had received 12 consumer complaints against FET involving the non-delivery
        99 words
      • Article
        Lock icon Find a job at SPH event this weekend
        71 12 SINGAPORE Press Holdings’ STJobs and STClassifieds are organising their respective inaugural big-scale events at Suntec Exhibition Halls 402-404 this weekend. Featuring close to 200 exhibitors from various industries, the events will offer over 1,000 employment opportunities, from fresh graduate to senior management
        71 words
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      628 12 Longest Warranty! Lowest Prices! GREEN MAGNITUDE PROSTAR WHEY PLATINUM SERIES (5LBS) UOTIt $58 1 25g of protein, 6g of BCAA, 2g of carbs per serving. 80 servings per tub. b'i Patented formula to improve strength, stamina, performance and muscle mass. CONTROLLED LABS PURPLE WRAATH PM^(2.39LBS) $220 hast acting EAA BCAA
      628 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Australia stimulus helping shoppers shed doldrums
      806 13 Retail sales up for 5 months, credit card payments in May second-highest ever Bloomberg [SYDNEY] Australia is starting to shake off its doldrums. Shoppers are reopening their wallets after the country’s most prolonged consumer slump, defying a sovereign debt crisis in the euro region,
      Bloomberg; BLOOMBERG FILE PHOTO  -  806 words
    • Article, Illustration
      Lock icon Korea growth slows, exports decline in Q2
      602 13 Bloomberg [SEOUL] South Korea’s economy grew at the slowest pace in almost three years as Europe’s debt crisis curbs export growth in Asia and prompts policymakers from Japan to Thailand to consider further easing. Gross domestic product (GDP) expanded 2.4 per cent in
      Bloomberg; AFP  -  602 words
    • Article, Illustration
      Lock icon Osborne under fire as UK recession deepens
      629 13 Economy shrinks 0.7%, the most in more than 3 years Bloomberg [LONDON] Chancellor of the Exchequer George Osborne came under renewed criticism after Britain’s recession deepened in the second quarter, prompting questions about his economic plans and whether he should remain at the
      Bloomberg  -  629 words
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      115 13 Thomasville WHERE STYLE LIVES™ Since 1904 Sofa, so Good.. Whatever your point of view, Thomasville helps you express it with classic sofas, tables, chests, and decorative accessories. Come to Da Vinci and explore all the new living room collections from Thomasville for your comfortable home. Thomasville, a household name since
      115 words
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  • MALAYS IA/IN DON ESI A
    • Article
      Lock icon RM2.2b payout for pensioners, civil servants
      505 14 Bonus unveiled ahead of expected snap polls draws flak from opposition [KUALA LUMPUR] Malaysian leader Najib Razak has announced a RM2.2 billion (S$880 million) payout for civil servants and pensioners ahead of general elections widely expected this year, earning a rebuke from opposition lawmakers.
      505 words
    • Article, Illustration
      Lock icon M’sian project in London to create 33,000 jobs
      515 14 Redevelopment earns mention in Cameron’s speech Bloomberg [LONDON] The redevelopment of London’s Battersea Power Station by Malaysia’s SP Setia and Sime Darby is set to create 33,000 jobs, earning a significant mention in a speech British Prime Minister David Cameron will give
      Bloomberg; AFP  -  515 words
    • Article
      Lock icon Templeton, Paribas and others venture into Islamic funds
      619 14 Bloomberg [KUALA LUMPUR] Franklin Templeton Investments is starting its first Islamic funds, following companies including BNP Paribas SA in tailoring products to win business in the Muslim world. The world’s third-larg-est asset-management company will start three sukuk and stock investment vehicles in
      Bloomberg  -  619 words
    • Article
      Lock icon Ananda selling 375m Maxis shares
      213 14 Reuters [KUALA LUMPUR] Malaysian tycoon Ananda Krishnan is selling up to 375 million shares worth around RM2.35 billion (S$1 billion) in the country’s largest mobile-phone operator Maxis Bhd, according to a source familiar with the deal. The shares are being priced at a range of
      Reuters  -  213 words
    • Article
      Lock icon Java Cup organisers to sue UK, Turkey clubs
      299 14 AFP [JAKARTA] The organisers behind Indonesia’s Java Cup said on Wednesday they will sue English football club Everton and Turkey’s Galatasaray after the teams withdrew from the tournament. Everton said on Tuesday it was forced to abandon plans to play the pre-sea-son
      AFP  -  299 words
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      216 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China’s export hub hit hard by falteringdemand
      232 15 Reuters [BEIJING] Nearly a quarter of companies in China’s export hub of Guangdong province lost money in the first five months of this year due to faltering demand, rising costs and financing shortfalls, the official Xinhua news agency reported. Combined profits of firms
      Reuters  -  232 words
    • Article, Illustration
      Lock icon China car dealers resort to discounts to move stock
      552 15 Reuters [BEIJING] Unsold cars are piling up on Chinese dealers’ lots as demand slows in the world’s biggest auto market, forcing companies that once commanded premium prices to offer discounts instead. China’s auto market was so hot a couple of years
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      Lock icon Indian govt delays fuel subsidy and retail reforms
      803 15 PM Singh’s decision follows opposition from party members and coalition allies Reuters [NEW DELHI] Indian Prime Minister Manmohan Singh will hold off on widely anticipated fuel subsidy and retail reforms because of renewed opposition from party colleagues and coalition allies, leaving budget
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      153 15 ***** Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from I LIVE WELL A I 1* eu 4 W> 5 i f I k II X=zO .William Ar
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  • WORLD
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      Lock icon Nomura CEO quits over insider trading scandal
      675 16  -  Watanabe takes responsibility for information leaks at its broking arm By ANTHONY ROWLEY in Tokyo KENICHI Watanabe, chief executive officer at Japan's Nomura Holdings, announced last night that he would step down to take responsibility for a series of insider information leaks at
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      Lock icon Obama aide’s talks in Beijing centre on US political issues
      783 16 Trade also figures in national security head’s low-key visit NYT [BEIJING] US National Security Adviser Thomas Donilon ended two days of talks with China’s top leaders on Wednesday evening, a visit that was billed as low-key but was freighted as
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      Lock icon Steel king scales back after acquisition spree
      1120 17 ArcelorMittal boss finds himself in a tough battle to curb costs, cut his firm’s US$22b in debt [LONDON] Steel is a notoriously volatile industry. But four years ago, Lakshmi Mittal, the Indian-born tycoon, appeared to have mastered the business. He was still aglow
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      Lock icon Europe’s car industry in the midst of a huge crisis
      1269 18 Companies have no choice but to close plants and cut staff amid plunging sales NYT [FRANKFURT] For European carmakers, the day of reckoning may finally be at hand. The most dreadful year for car sales in more than a decade
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      Lock icon Samsung patent royalty demand too high: Apple
      563 18 Demands consistent with industry norms, claims Korean firm Reuters [SAN FRANCISCO] Apple Inc said Samsung Electronics Co Ltd is demanding from the iPhone maker a far higher patent royalty than Apple pays to other companies, at a rate the South Korean company has
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      Lock icon Las Vegas Sands profit down as Asian growth slows
      672 18 Reuters [LOS ANGELES] Las Vegas Sands Corp, owned by billionaire Sheldon Adelson, posted much worse-than-expected quarterly earnings, hit by lower profits at casinos in its key Asian markets that had previously helped offset flagging US revenue. Mr Adelson, the most active
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      Lock icon Weak Q2 results pulls down Zynga
      590 19 NYT [SAN FRANCISCO] Social games developer Zynga is withering faster than neglected corn on its signature hit, FarmVille. Weak second-quarter financial results and worse expectations for the rest of the year sent Zynga’s already faltering stock down in late trading on Wednesday by more
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      Lock icon Ad boom lifts stocks of media firms in US
      677 19 Analysts see 2-26% EPS gains in media giants’ results starting next week Reuters [LOS ANGELES] Big media companies’ stocks have their swagger back. A boom in political ad spending and bigger cheques from cable and digital providers have driven up the
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      Lock icon Experts find new ways to hack Android phones
      538 20 Virtually all of them can be broken into despite Google’s bid to boost protection Reuters [LAS VEGAS] Hacking experts on Wednesday demonstrated ways to attack Android smartphones using methods they said work on virtually all such devices in use today, despite recent
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      Lock icon UK gives £4.5b rail job to Hitachi, John Laing
      646 20 Bloomberg [TOKYO] The UK awarded a £4.5 billion (S$8.8 billion) train order to Hitachi Ltd and John Laing, more than three years after the suppliers were named as preferred bidders for the contract. The deal covers 92 trains totalling 596 rail
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      Lock icon Aussie govt condemns ‘dumb’ Abbott speech on China
      402 20 AFP [SYDNEY] The Australian government hit back at criticism of Chinese investment in its economy by opposition leader Tony Abbott, condemning his remarks as “dangerously dumb” yesterday. Mr Abbott, who is on track to become prime minister next year, described Chinese business
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      Lock icon Push to tax hidden wealth yields cash
      640 21 US$21-32t of assets are sheltered in offshore tax havens, estimates campaign group Reuters [LONDON] A global campaign to tax trillions of dollars hidden in offshore tax havens has made revolutionary progress, an official leading the drive said, rejecting suggestions that the super rich
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      Lock icon Smelling a rat when dogs and cats have been invited to vote
      716 21 WP [RICHMOND, Virginia] Dogs and cats have been invited to vote in the swing state of Virginia, and Mitt Romney smells a rat. The Republican’s presidential campaign is calling on state officials to launch a criminal investigation into
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      Lock icon June orders for durables up 1.6%
      464 23 Aircraft, defence orders boost figure; pending home sales slip 1.4% in June LATEST US DATA Bloomberg Reuters [WASHINGTON] Orders for US durable goods climbed more than projected in June as a surge in demand for aircraft and military hardware overshadowed a slump in business
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      Lock icon ECB will do whatever it takes to save the euro, says Draghi
      486 23 AP [FRANKFURT] European Central Bank head Mario Draghi yesterday promised to do whatever it could to protect the European single currency and sent a strong signal that the central bank has the high borrowing costs that are crippling
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      Lock icon Consumer morale in Germany seen to go up in Aug
      456 23 People shun banks’ low interest rates, spend on big items Reuters [BERLIN] Consumer morale in Germany unexpectedly inched up heading into August as consumers shun the low interest rates that banks are offering and instead spend their cash on big-ticket
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      59 16 STAND UP SINGAPORE Two Indian Singaporeans light up the local stand-up comedy scene Why, oh why, are Indians so nostalgic? GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST V uo 't it Italian dining at its peak P=9 -1 H k ■r w. pg Discover at our
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      343 17 HONORING THE BEST IN LOCAL ENTERPRISES k m ■V I Mr Norman Lee Anjels Pte Ltd MrSankiNg MS Erika Leung Bok Sing Hardware Paints Baby Jumper Gym Pte Ltd Pte Ltd Bok Seng Industrial Supply Pte Ltd Ms Ho Shumei Doris Brainy Kids Schoolhouse Pte Ltd Mr Chan Lam Chan
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      695 18 NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company Cloud 9 Lifestyle Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****3077M) Address of Registered Office 21 Merchant Road, #05-01 Royal Merukh S.E.A. Building, Singapore *****7 Last Day of Receiving Proofs 10 August 2012 Names of Liquidators Chia Soo Hien
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      399 19 s^/) Institute of Higher Learning Think Differently. Rise Above Others. BS “CIMA has armed me with commercial and practical skills to dissect and focus on the core points from the peripheral points bringing effectiveness in my managing abilities. 3 Mr R Dhinakaran, Managing Director, Jay Gee Singapore Why Study CIMA?
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      22 19 For Rent Immediate Prime CBD 8,000 sqft Short Long Term Fully Fitted Renovated Fully Furnished.24 Mrs Aircon Owner 9631 6939 ARB Investment
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      2052 20 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GROUND ENVIROTECH PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1254K) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Ground Envirotech Pte. Ltd. duly convened and held
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      348 20 In the matter of the Companies Act, Cap 50 And In the Matter of Korea Line (Singapore) Pte Ltd (In Creditors’ Voluntary Liquidation) (Registration No.: *****2770C) NOTICE OF MEETING OF CREDITORS Notice is hereby given that a meeting of creditors of the abovenamed Company will be held at 15 Beach
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      44 21 NO RIGHT TURN! Don't go to the wrong source to find your perfect ride. Proceed to CATS Classified's vehicles classes, and you'll find the freshest and most extensive listing of new and pre-owned cars in all makes and models. BEATS BUY IT-SELL IT-FIND IT
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      129 22 A day in the world ofZILLI i ■i.! V ft I r i =5 r -r aj i. Ld a ’■ji m r Wmmmm m V ‘V V >\ \W' XX a•• v .1 A I W S r N \WiVflW »\\v \<a x \\v. \VW N i I s
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      251 23 A Career Fair Like No Other JOIN US! Dedicated Zones to Make Job h Just for Job Seekers! Hunting N Find My Dream Job Close to 200 employers are looking to recruit! Find more than 1000 job offers at the fair. ST JOBS S>CAREER& DEVEL0PMENT2012 www.stjobs.sg/fa FREE ADMISSION DATE: 28
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  • EDITORIAL & OPINION
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      Lock icon The downside of longer maternity leave
      480 24 EDITORIAL ONE of the measures to boost fertility in Singapore being discussed extensively this week is the recommendation by NTUC to increase working mothers’ maternity leave to six months from the current duration of four months. The labour movement also recommends that mothers who
      480 words
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      Lock icon Here’s the message – let’s talk to each other
      826 24  - Here’s the message let’s talk to each other THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. E-mail: david.mason466@btinternet.co AN
      826 words
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      Lock icon Eurozone ‘double-stuck’ amid weaker outlook
      937 24  -  Another quarter of contraction, and hence a technical recession, seems to be in the offing By CARSTEN BRZESKI The writer is a senior economist at ING Bank THE process of private and public deleveraging continues to show its ugly face in increasing unemployment, falling confidence
      AP  -  937 words
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      Lock icon How far should state controls go ?
      1024 25  - How far should state controls go Some ‘state capitalism’ nations do well; in others, too much fiscal decentralisation weakens public finances By KEMAL DERVIS The writer, a former minister of economics in Turkey, administrator of the United Nations Development Programme (UNDP), and vice-president of the World Bank, is currently vice-president
      BLOOMBERG  -  1,024 words
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      Lock icon China and India: different trajectories
      726 25  -  By LEE KUAN YEW The author is former prime minister and minister mentor of Singapore. This column first appeared in the August issue of ‘Forbes Asia magazine CHINA’S imploding population contrasts with India’s increasing one. China currently has 1.35 billion people, and its one-child policy
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  • Business Times, Friday, July 27, PROPERTY
    • Article, Illustration
      Lock icon Showflats with the ‘wow’ factor
      1126 26  -  Developers often spare no expense in decking them out By TAY SUAN CHIANG WHEN it comes to property buying, it is all about location, location, location. But developers also know that an attractive showflat can entice the buyer to sign on the dotted line. After
      MINISTRY OF DESIGN  -  1,126 words
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      Lock icon Ong & Ong expands into product design
      388 28  - Ong Ong expands into product design Architecture firm makes inroads into designing and selling stylish merchandise By GLENN CHOO [SINGAPORE] Home-grown architecture firm Ong Ong Group, which celebrated its 40th anniversary at Shangri-La Hotel this week, has morphed into a conglomerate of sorts with a three-prong expertise in design, engineering
      388 words
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      Lock icon Dorsett Regency to open here this year
      385 28  -  Four-star, 285-room hotel will target business travellers By KENNETH FOO [SINGAPORE] Kosmopolito Hotels International is making its first foray into the local market with a mid-scale business hotel Dorsett Regency Singapore. The 285-room, four-star hotel is situated at the junction of New Bridge
      385 words
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      Lock icon US$600m Swiss resort gets green light
      216 28 Reuters [GENEVA] A firm backed by a Russian property tycoon will start building a US$618 million luxury resort in the Swiss Alps early next year, the company said on Tuesday in a move likely to be interpreted as a boost for Switzerland’s struggling tourist
      Reuters  -  216 words
    • Article
      Lock icon Big US apartment landlords see rents rising further
      594 30 More demand for units, no oversupply, national vacancy rate at 10-year low Reuters [NEW YORK] Two large US apartment landlords raised rents during the second quarter and expect to continue to do so throughout the rest of the year, as the apartment
      Reuters  -  594 words
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      Lock icon Househunt
      637 30 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 28 WITH CONTRACT DATES BETWEEN JUNE 27 AND JULY 3, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alexis Apt 02/07/2012 FH 527 603 1144 District 4 NON-LANDED The Interlace Apt
      637 words
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      451 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATS D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove. ***** sqft. 5 ensuites pool spa. Big garden. Price negotiable. View daily. Caren 9278 9799 D05 HOUSE FOR SALE TERRACE Freehold. 3-storey Terrace. 1850/ 3400 sqft. 4+1+study. A&A done. Walking distance to Pasir
      451 words
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      113 26 D10 HOUSE FOR SALE VENTURA HEIGHTS Ventura Hgts. Detached 3 storey 4 ensuite guest’s rm 5457-6523 sqft. Freehold. Pool view. Corner. Few choice units $4.xM! Delvin 9022 9949 D10 HOUSE FOR SALE WHITE HOUSE PARK Freehold White House Park, elevated regular land ***** sqft/built-up 8000 sqft approx. 5 bedrooms with
      113 words
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      280 27 D14 HOUSE FOR SALE TERRACE Freehold Terrace, build like Semi-detached. MRT. 7-room, 4 toilets, Land approx 2900 sqft. Modern. S Neoh 9181 1388 D15 HOUSE FOR SALE AIDA STREET D.15 2-Storey Detach Aida Street. 4500 6600 sqft 6+1, 4 years rebuilt. 100% move-in. Pool. Park 3 cars. Nice! Eric Lim
      280 words
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      228 27 D15 HOUSE FOR SALE EASTREES East Coast Dr. Only 8 units exclusive Fhold Cluster Terrace. 4 bdrms ensuite with Pte Pool Lift. 3584 sqft to 5231 sqft. Call/ SMS to enquire now! D15 HOUSE FOR SALE FIGARO STREET Black White Semi-detached. South. 3003 sqft. Freehold. 3+family+1. Approx. 60’ wide. Park/
      228 words
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      218 27 D16 HOUSE FOR SALE EASTWOOD WAY Beautiful 3-storey detached house Eastwood. 4338/ 4000 sqft. $4.2M negotiable. Please call Steve Chen 9297 3365 ERA D16 HOUSE FOR SALE SIMEI GARDENS Semi-D Simei Gardens. English design. Brick Facade. Land 4660, Built-in 2900 sqft. 4+1 bdrm landscaped garden. www.maxieproperties.com D19 HOUSE FOR SALE
      218 words
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      235 27 D19 HOUSE FOR SALE SERANGOON GARDENS Heart of Serangoon Gardens 2-storey Semi-D on Elevated Land 3990/ 3500 sqft. South East Facing! Freehold. Ben 8100 0055 GPS D19 HOUSE FOR SALE SERANGOON GARDENS New List Hilltop Serangoon Gardens! Modern 2.5-storey Semi-D 6+1 Ensuite 2800/ 4700 sqft. Rare! Jasmine 8100 0086 GPS
      235 words
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      215 27 D21 HOUSE FOR SALE RIFLE RANGE ROAD Rifle Range Road Semi-detached. 3533/ 2200 sqft. 3 rooms. Beautiful garden. $1.85M. Steve Chen 9297 3365 ERA D21 HOUSE FOR SALE SUNSET PLACE Bungalow Sunset Place. Land 7730 sqft. $10.5M up. Rebuild/ Alteration Addition. High land. Peaceful. Alan 9763 3207 D21 HOUSE FOR
      215 words
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      500 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D01 APARTMENT FOR SALE MARINA BAY RESIDENCES #4x-02, 1130 sqft. 2 bedroom. Sea view. MBS/ MRT. $2.72M+; #4x-08, 1227 sqft. $4.7M up. Please call Ronald 9852 9055 D01 APARTMENT FOR SALE THE SAIL The Sail 1-room. Best full Marina Bay view. Link
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      121 28 D10 APARTMENT FOR SALE BEAUFORT NASSIM Beaufort Nassim $8M. BLVD #31 flr $7.8M. Ardmore II #34 $8M neg. Beverly Hills $8.5M neg. D10 APARTMENT FOR SALE D’LEEDON Developer Sale. 2-bdrm, 1066 sqft, $1438 psf. 3-bdrm, 1216 sqft, $1452 psf. 3-bdrm, 1410 sqft, $1408 psf. 4-bdrm, 1918 sqft, $1419 psf D10
      121 words
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      258 29 D10 APARTMENT FOR SALE SIXTH AVENUE RESIDENCES Best price! Sixth Avenue Residences Penthouse. Freehold. 2630 sqft. 3+1. 2 attached bath. Future MRT. Urgent sale! D10 APARTMENT FOR SALE TANGLIN PARK Tanglin Park. Ground floor. 2066 sqft. Freehold 4+1, 3 bathroom, balcony, newly renovated. neg. 9878 0555 Chin D10 APARTMENT FOR
      258 words
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      226 29 D11 APARTMENT FOR SALE ROCHELLE (1) 3+1 1432 sqft. $1.92m. (2) 3+Study 1701 sqft. $2.6m. (3) 4+***** sqft. $2.95m. 1 km ACS. 9437-8151 Jimmy Lim D11 APARTMENT FOR SALE ROCHELLE AT NEWTON Rochelle at Newton just TOP. 2164 sqft. 3+1+1. Private lift. Spacious layout. Quiet greenery. Dry/ wet kitchen. D11
      226 words
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      244 29 D15 APARTMENT FOR SALE CASA MEYFORT Meyer Rd Enbloc Potential! Sea/ city views 3-rm 1765 sqft. F’hold < $1500psf. Land 85K sqft, 76 Units. Plot Ratio 2.8 www. maxieproperties.com D15 APARTMENT FOR SALE LAGUNA PARK Almost sold! 1615 sqft 3+1 rooms. Priced to sell! Blk B, C Low flr $1.45M
      244 words
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      242 29 D16 APARTMENT FOR SALE WATERFRONT GOLD 2 bdrm 808 sqft. Above/ Direct Pool view. No west Sun. Future MRT. Please visit: www.ivanlim.com D16 APARTMENT FOR SALE WATERFRONT KEY Waterfront Key. 2-room 904/ 974 sqft, $1m/ 3+ study, 1364 sqft, $1.56m/ 4-room 1442/ 1518 sqft $1.6m+ D17 APARTMENT FOR SALE LIGHTHOUSE
      242 words
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      Lock icon Page 29 Advertisements Column 5
      235 29 D19 APARTMENT FOR SALE THE WATERLINE TOP 2013. Freehold. Choice of 1 3 bedrooms Penthouse. 1km to Rosyth Sch. Attractive discount D20 APARTMENT FOR SALE GRANDEUR 8 1) Grandeur 8. 4+1, 1453 sqft, pool, tenanted. $1.59m. 2) Amaranda Penthse 4+ terrace loft 2906sqft. $3.3xm D21 APARTMENT FOR SALE BLOSSOMVALE 3
      235 words
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      481 30 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D22 APARTMENT FOR SALE SUMMERDALE Ground floor lover! 1808 sqft, 3 rms. MRT/ Amenities. Well-kept. Pool view. By appointment D22 APARTMENT FOR SALE THE LAKESHORE Lakeshore 3 bedrooms, 1109/ 1152 sqft. Canadian school/ MRT. Caspian, 4 bedrooms, 1765 sqft. 2 ensuites. Patio.
      481 words
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      125 30 D01 OFFICE FOR SALE RAFFLES PLACE Grade A Office for Sale, *****sqft. Whole floor. Next to MRT. Rental yield 4.5%. Don’t miss! Call now 9101-6433 LamHH D02 OFFICE FOR SALE EON SHENTON From $2.xm, MRT. Sea/city view. Huge upside potential, high yield. Hurry! Wong *****600 D04 FACTORY FOR SALE HENDERSON
      125 words
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      356 31 D07 OFFICE FOR SALE TEXTILE CENTRE MRT (Lavender). 1163 sqft. #08. Enbloc potential. Urgent Sale. neg. Kelly 9008 8617 DTZ D07 SHOP FOR SALE SIM LIM SQUARE Sim Lim Square. 269 sqft. Rental guaranteed $3.9K till end February 2014. #03. Ask $1.15m. 9338 7310 EL, DTZ D08 SHOP FOR SALE
      356 words
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      Lock icon Page 31 Advertisements Column 2
      276 31 D12 SHOP FOR SALE BALESTIER Rare mix Devt Balestier 154 res. (2/ 2+study) 76 shops. All trades (including F&B) Register your interest now D13 FACTORY FOR SALE KALLANG PUDDING ROAD Fhold at Kallang Pudding Rd Upp Aljunied Link, investment /own use, 2056/ 2110/4079 sqft, frm $500psf neg.Various sizes avail. *****033
      276 words
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      280 31 D14 FACTORY FOR SALE SENANG CRESCENT Rare! Freehold B1, 2 storey, Senang Crescent, 3512 sqft. Built 5000 sqft. Can rebuild. Move-in, minutes to City. D14 OFFICE FOR SALE UBI AVENUE 4 Near Tai Seng New UB.One 1044 sq.ft. $6xxK Yield 5% Yishun Northspring Industrial B2, 1507 sq.ft. $6xxK. *****66 Evon
      280 words
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      411 31 D16 SHOP FOR SALE BEDOK NORTH 1A) Bedok North 2-sty HDB shophse Face main rd 1B) Bedok main rd Coffeeshop 4164 sqft 4-rm upstair. 2A) Alexis F’hold 140/ 1378/ 1690 sqft. D19 WAREHOUSE FOR SALE PAYA LEBAR Warehouse cum Production. TOP Soon. From 1000 to 5000 sqft. Ceiling 6M/ From
      411 words
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      404 31 D25 FACTORY FOR SALE KRANJI 80k sqft 3sty. Column free warehse/spacious reno Office/ 2 Loading Bays/ High Ceiling/ 2 Cargo Lift/ Passenger Lift. Suit general trades. *****712 SLP D08 SHOP FOR RENT SYED ALWI RD 2½-storey shophouse. 2500 sqft. Separate entrance to 2nd floor. Near Mustaffa. Ask $10.8K neg. D22
      404 words
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  • AVIATION/SHIPPING
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      Lock icon AirAsia stirs aviation scene with Batavia Air purchase
      532 32  -  Airline boss getting ready for open-skies policy effective from 2015: analysts By S JAYASANKARAN in Kuala Lumpur MALAYSIAN budget carrier AirAsia made its first major airline purchase yesterday by acquiring 76 per cent of Indonesia’s Batavia Air in a move that will
      REUTERS  -  532 words
    • Article
      Lock icon Five more arrested in Vinalines scandal
      264 32 AFP [HANOI] Vietnamese police have arrested five more officials in connection with a probe into state-owned shipping firm Vinalines, official media said yesterday, as the scandal swirling around the debt-mired company intensifies. The five, who were arrested on Wednesday and include a former top
      AFP  -  264 words
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      Lock icon India’s aviation sector in crisis, says Iata chief
      500 32 Industry crippled by exorbitant airport charges, taxes AFP [NEW DELHI] India’s highly competitive aviation sector is in “crisis”, crippled by high costs, exorbitant airport charges and taxes, the global aviation industry’s chief said on Wednesday. India’s major carriers lost close to US$2
      AFP  -  500 words
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      Lock icon Chemical tanker fire, plant shut
      199 32 Reuters [KUALA LUMPUR] Petronas Chemicals, a unit of Malaysia’s state oil firm, has shut part of its methanol processing complex off the coast of Borneo island as firefighters battle a blaze on a nearby chemical tanker, the company said yesterday. The company closed off one
      Reuters; REUTERS  -  199 words
    • Article
      Lock icon Vale looks to China after Q2 profit plunges 59%
      885 32 Bloomberg [RIO DE JANEIRO] Vale SA, the world’s largest iron ore miner, is counting on a rebound in Chinese economic growth to boost sales after declining prices caused it to post its lowest quarterly profit in more than two years. Net
      Bloomberg  -  885 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 32 SGX '000 Jul 26 S$ +/-Vol CH Offshore 0.39 unch 961 Chuan Hup Hldg 0.23 unch 375 Cosco Corp 0.96 -0.01 4730 S$ Ezra Hldgs 0.97 -0.01 3040 First Ship Lea 0.15 unch 1989 Freight Links 0.07 unch 1569 Grand Banks 0.20 unch 987 Jaya Hold Ltd 0.57
      255 words
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      Lock icon The Business Times Shipping Times
      3429 33 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE U.S.A. SERVICE Destination STXPO TBN Camden/New
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      22 32 Bankruptcythreat for China's shipbuilding companies in next 2-3 years Bankruptcy threat v for China’s To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      60 33 Experienced sH s p maintenanc services wanted. Can -they find your services Here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 The Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 I Can they find your services
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      134 34 TO ADVERTISE IN THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 I III— UUJII VI JJ I IIVII J Shipping
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2684 35 Transaction date: Jul 26 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 127cd +0.5 413
      2,684 words
    • Article
      Lock icon SGX CATALIST
      218 36 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 4.6 1.3 t Advanced System 1.8 unch 477 1.8 1.8 1.8 1.9 23.8 Last Quote Div Gr Yld Net M Cap
      218 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8145 36 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI 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 Mat Asia Limited Asian Local Ccy SD Bond
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    • Article
      Lock icon GLOBALQUOTE
      189 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US31 -1 1082 31.5 31 31 31.5 2041.2 Last 220 168 TanChongInt HK195 196 203 4.3 3.6 6.5 3927.1 STOCK PRICES
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    • Article
      Lock icon SGX ETF
      972 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 122.4 122.2 CIMB APAC Div 100S$D 122.2 123.8 124.7 103 95.8 CIMB APAC Div 100US$ US102 97.7 98.3 10.7 1275 1246 CIMBASEAN40 100S$D 1261 1262
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      644 37 Jul 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8408.22 8448.55 8358.51 Sep12 8375.00 8445.00 8355.00 8440.00 ***** *****6 Dec12 8365.00 8365.00 8365.00 8375.00 525 ***** MSCI TAIWAN INDEX FUTURES SPOT 247.02 247.79 245.21 Jul12 244.20 246.50 244.20 245.80 ***** *****6 Aug12 241.40
      644 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 37 In local curr In S$ In US$ dy yr dy yr dy yr Jul 25 Index Change Change Change Change Change Change World Preliminary 852.3 -0.2 2.7 -0.3 -1.5 -0.2 1.5 EAFE Preliminary 677.4 -0.3 -0.7 -0.4 -6.3 -0.2 -3.5 Europe Preliminary 1017.7 0.2 -0.9
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      150 37 As on 25 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1606.80 1579.90 1608.30 629 INDIA GOLD (E-GOLD) FUT AUG2012 533.50 525.10 531.25 2175 GOLD FUT OCT2012 1595.10 1586.50 1610.50 23 INDIA GOLD (E-GOLD) FUT OCT2012 529.20 528.45 538.05
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    • Article
      Lock icon CHICAGO BOT
      107 37 Jul 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1694.25 1649.25 1701.75 1618.00 Sep 12 1640.50 1595.50 1647.50 1564.25 Nov 12 1615.50 1569.50 1624.00 1536.00 Jan 13 1598.50 1550.50 1606.00 1520.5 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 52.24
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 37 CRUDE OIL PRODUCTS Jul 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.97 -0.79 WTI (Near Mth) 88.86 0.58 Dubai (1-Mth F) 100.15 0.05 Tapis blend 106.36 -0.17 Minas 106.96 -0.17 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.61 -0.67 Jet Kerosene 119.00 -0.43 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 37 Jul 26 S$ Bid Offer 1-month 1.2537 1.2539 2-months 1.2536 1.2538 3-months 1.2534 1.2536 6-months 1.2522 1.2525 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 37 Jul 25 Jul 25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1839.50 1838.25 3 months 1870.00 1869.00 Copper, Grade A(US$/tonne) Cash 7440.25 7413.25 3 months 7446.00 7417.00 Lead(US$/tonne) Cash 1843.75 1848.75 3 months 1855.00 1860.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 37 Jul 25 COCOA (£/tonne) Close Prev High/Low Sep 12 1553 1540 1562/1533 Dec 12 1542 1531 1550/1520 Mar 13 1528 1514 1534/1508 May 13 1528 1515 1535/1510 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2132 2141 2136/2136 Sep 12 2149 2158 2150/2127 Nov 12 2141 2143 2143/2114 Jan 13 2111
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1106 37 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 Exer Baker Technology Ltd W*****6 1.5 1 32 8 20.67 4 Prem Best World Intl Ltd W*****5 0.6 1 30
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 37 Jul 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.049 6.600 0.851 8.021 57.798 98.157 0.808 11.856 3.272 1.305 97.806 43.544 1.296 8.688 1.023 31.167 32.738 0.667 1.034 Canada 0.953 6.292
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    • Article
      Lock icon SIBOR
      56 37 Jul 26 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      134 37 Jul 26 GOLD(US$/oz) Jul 26 Jul 25 Hong Kong 1612.50 1596.00 Jul 25 Jul 25 Jul 24 London 1599.45 1576.16 1600.25 1576.93 Source: Thomson Reuters CAST BAR Jul 26 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442 324 10gm 789
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 37 Jul 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 25-Oct-12 0.22 6-Month BS*****Z 24-Jan-13 0.22 0.18 0.18 1-Year BY*****T 02-May-13 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.13 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 37 Jul 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2910.0 2926.0 2920.0 2872.0 487 3723 Sep 12 2918.0 2940.0 2935.0 2869.0 2475 ***** Oct 12 2927.0 2951.0 2947.0 2880.0 ***** ***** Nov 12 2938.0 2960.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 37 Jul 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2962 1.2968 1.0339 1.0342 Canadian dollar 1.2355 1.2365 0.9861 0.9855 Euro 1.5227 1.5236 1.2146 1.2151 NZ dollar 0.9933 0.9943 0.7923 0.7930 Sterling pound 1.9426 1.9434 1.5495 1.5499
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 37 As at 9am Jul 26 Jul 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.324 1.261 Can dollar 1.265 1.205 Euro 1.560 1.486 Sterling pound 1.982 1.906 NZ dollar 1.020 0.972 US dollar 1.276 1.227 Local dollars to 100 units
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    • Article
      Lock icon INTERBANK RATES
      155 37 Jul 26 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
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  • executive lifestyle
    • Article, Illustration
      Lock icon Sex on two wheels
      552 38  -  OFFTHE CUFF Jaime Ee FORGET 50 Shades of Grey. At the rate people are having scandalous sex in Singapore, we can write our very own steamy novel with an appropriate local flavour, and it could go like this: The civil servant was so taken by the
      552 words
    • Article, Illustration
      Lock icon Music & mentors
      1889 38  - Music mentors Expat musicians share lessons on career building in the local music industry withCHRISTOPHER withCHRISTOPHER LIM MUSIC is not the most lucrative career choice here, as local musicians can well attest. With Singapore’s small market size, it’s the rare talent who can actually make a full-time living while the
      1,889 words
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  • CINEMA
    • Article, Illustration
      Lock icon Just a lot of noise
      523 39  -  By GEOFFREY EU IN the delightfully atmospheric opening scene of Red Lights, two scientific researchers arrive at a rural home to investigate reports of eerie noises and weird goings-on associated with things that go bump in the night. As the tension mounts and audience anticipation
      MILLENNIUM ENTERTAINMENT  -  523 words
    • Article, Illustration
      Lock icon My fair malady
      521 39  -  By GEOFFREY EU LONG before it applied to pre-teen fans at a Justin Bieber concert, female hysteria was a catch-all term for a variety of ailments afflicting women in Victorian-era England. Nowadays we know it to be a load of poppycock but doctors in 19th-cen-tury London took
      SONY PICTURES CLASSICS  -  521 words
    • Article, Illustration
      Lock icon Stooges stuck in time
      602 39  -  The Three Stooges’ physical comedy and nyuk-nuyks just don’t jive with a newer audience, writes DYLAN TAN writesDYLAN writesDYLAN TAN NICE guys finish last. The Farrelly brothers will probably come to that conclusion after the lukewarm response from critics and audiences alike to their remake of
      TWENTIETH CENTURY FOX FILM  -  602 words
    • Article, Illustration
      Lock icon Relish a raw-as-sushi homage
      451 39  -  By DYLAN TAN YOU may never want to eat sushi again after watching Jiro Dreams of Sushi, a tasty documentary about an 85-year-old who’s widely regarded as the world’s best sushi chef… unless it’s handmade by him, of course. Director David Gelb’s portrait of Jiro Ono
      451 words
  • Page 39 Advertisements
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      129 39 www.sowine.com.sg sowme the first home wine bar Finally, a revolutionary and stylish product that keeps your red and white wine at the right serving temperature and allows you the freedom to slowly savour your favourite bottle of wine without having to worry about finishing it immediately; preserving your balance wine
      129 words
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  • ENTERTAINMENT
    • Article, Illustration
      Lock icon Roses blossom again
      553 40  -  By DYLAN TAN THE Stone Roses’ live experience is an acquired taste. Back in their heyday in the early 1990s, their shows were characteristically shambolic, with singer Ian Brown’s off-key vocals regularly making headlines in the music press. So it came almost as a surprise when he
      PHOTOS: RANDY FOO/LUSHINGTON ENTERTAINMENTS  -  553 words
    • Article, Illustration
      Lock icon Steinway hits the high notes
      669 40  -  The star of the debut Steinway Youth Piano Competition steps onto a bigger stage in the next round, the Regional Finals, to be tops in South-east Asia, reports CHRISTOPHER LIM CHRISTOPHER LIM THE inaugural Singapore leg of the prestigious bi-an-nual Steinway Youth Piano Competition may
      PHOTOS: JULIUS BAER, STEINWAY  -  669 words
    • Article, Illustration
      Lock icon Live oeuvre
      671 40  -  CD REVIEWS By CHRISTOPHER LIM INSTRUMENTAL rock guitar has fall- en far from its heyday in the 1980s and early 1990s, but veteran virtuoso Joe Satriani has managed to defy the odds with lovely melodies, impeccably subtle technique, and a sense of groove that elevates even his most
      671 words
    • Article, Illustration
      Lock icon An ancient evil awakens
      488 40  -  GAMING PREVIEW By CHRISTOPHER LIM AMONG post-apocalyptic shooting games, Borderlands stood out when it was launched three years ago, thanks to an eye-catching comics-inspired art style and great combat mechanics. Even then, the best fights get stale after a while without some plot to give them
      488 words
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  • ARTS
    • Article, Illustration
      Lock icon Return of the trouper
      841 41  -  Contemporary art pioneer Vincent Leow revisits with new works. By HELMI YUSOF ONCE labelled the enfant terrible of Singapore art, Vincent Leow has kept a low profile in the past five years making headlines only once for his mid-career retrospective at Singapore Art Museum in 2010.
      841 words
    • Article, Illustration
      Lock icon Spot-on with art
      787 41  -  By CHEAH UI-HOON IT’S a simple geometric shape, but dots, spots and circles or whatever you might want to call them have made headlines in the art world this year. Think of Japanese artist Yayoi Kusama’s current retrospective at the Whitney Museum of American Art in the
      PHOTOS: APRIL NG  -  787 words
    • Article, Illustration
      Lock icon Odd triumph of family values
      600 41  -  By HELMIYUSOF IVAN HENG knows women. With a shattering mix of fragility and pain, he plays the hurt gay parent or “mother”, if you will of a straight 24-year-old man who wants to deny “her” existence. With enormous depth, Heng expresses the anger and indignation
      ALBERT LIM  -  600 words
    • Article, Illustration
      Lock icon Living masters up for grabs
      751 42  -  The gavel falls on a boutique collection of highly valued Indonesian art, reports HELMI YUSOF reportsHELMI HELMI YUSOF DANIEL Komala is putting his money where his mouth is. To prove that good art bought at a fair price makes for a sound investment, he has
      PHOTOS: LARASATI  -  751 words
  • Page 41 Miscellaneous
    • Miscellaneous
      Lock icon Page 41 Miscellaneous Column 1
      309 41 CRYPTIC CROSSWORD Across 1 Southern way out unsuitable for voyage (11) 9 Dashing young men, ardent and inflamed (9) 10 Levels the score and quits (5) 11 He writes of gold going to hammer-thrower (6) 12 Expel from university and convey to prison (4,4) 13 Expire, though previously fit as
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  • Page 42 Advertisements
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      1053 42 GOURME W ApAN ?'JiX V'VJ v°v A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 16 July 20 August 2012 JCB cardmembers enjoy 20% discount Not a JCB Cardmember? Apply for the UOB JCB Platinum Card now at www.uob.com.sg/jcbcard fS FAT COW yG-yu-Kaku Akari Dining Bar Marina Bay Financial Centre, 8A Marina
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  • PURSUITS
    • Article, Illustration
      Lock icon Wine without fuss
      1444 43  -  Fine wine deserves respect and the right handling when being served, and proper glasses make for the best starting point, writes N K YONG writesN writesN K YONG LAST week’s column looked at wine storage and discussed practical solutions. To obtain the maximum pleasure from a fine
      PHOTOS: AFP, REUTERS  -  1,444 words
    • AroundTown
      • Article, Illustration
        Lock icon Stage
        451 43 Late Nite Esplanade: Good Company by Chok Kerong: if you missed the album launch of New York-based Singaporean jazz keyboardist Chok Kerong in November, this a chance to hear his harmonic approach and deft technique as he performs material from Good Company. Chok Kerong plays at the Esplanade Recital
        451 words
      • Article
        Lock icon Art
        60 43  -  Compiled by DYLAN TAN, CHRISTOPHER LIM, HELMIYUSOF Our Faces, Our Stories: To celebrate National Day, 13 artists recreate a living room setting with various photographs and short films that examine what its means to be Singaporeans. Now on till Aug 22 at the Jendela Visual Arts Space at Level
        60 words
  • Page 43 Advertisements
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      39 43 t V? ■<*< f 4 mMwm* ''/Wf/A v JJmma enjoy your Receive a limited edition USB 4GB thumbdrive with purchase of any Silhouette eyewear ’Whilst stocks last Distributed by Opticsflair (S) Pte Ltd www.silhouette.com design and quality made in Austria
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  • THE ROAD LESS TRAVELLED
    • Article, Illustration
      Lock icon On the Razer’s edge
      1691 44  -  Min-Liang Tan, CEO of Razer, ditched a career as a technology lawyer to helm one of the biggest gaming companies on the planet, writes GEOFFREY EU writesGEOFFREY writesGEOFFREY EU I T started with a mouse a mouse that roared. Min-Liang Tan is the chief executive officer
      RAZER  -  1,691 words
  • Page 44 Advertisements
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      209 44 Performance Motors Limited bmwindividual.sg BMW INDIVIDUAL. NOTHING LESS THAN YOUR SIGNATURE TASTE. Exquisitely selected from the world’s finest leathers, sublimely soft and expressively natural. With Merino leather and a palette of exquisite options, BMW Individual transforms the act of personalising your choice interiors into a beautiful art form. From composing
      209 words