The Business Times, 16 October 2012

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Microfilm: NL32264
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, October 16, 2012
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  • Article
    Lock icon Data law gives Goliaths an edge over the Davids
    970 1  -  Big boys with resources welcome changes; SMEs sweat over costs, uncertainty By JOYCE HOOI [SINGAPORE] Big businesses with an eye on Big Data have applauded the impending Personal Data Protection Act (PDPA), but their smaller counterparts will have more uncharted territory
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,043.05 (+1.30) GST INDEX FUTURES 3,043.00 (+2.00) GSIMSCI 347.33 (+0.65) GSIMSCI FUTURES 347.60 (+1.40) US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.605 1.961 EURO (US$/S$/€) 1.295 1.582 Foreign currency per US$ S$ YEN 78.60 64.30 RM 3.059 2.504 HK$ 7.752 6.344 BAHT 30.71 25.13 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Monday Change KL COMP 1,654.44 +1.08 NIKKEI 225 8,577.93 +43.81 HANG SENG 21,148.25 +11.82 SET INDEX 1,290.56 -6.42 JAKARTA COMP 4,313.52 +2.13 MANILA COMP 5,383.22 +13.50 SEOUL COMP 1,925.59 -7.67 SHENZHEN B 586.32 +2.43 MUMBAI IND 18,713.55 +38.37 12 noon EDT Change DOW 13,388.16 +59.31 NASDAQ 3,052.40 +8.29
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    • Article
      Lock icon PRIME RATES
      16 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.435 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Developer sales surge to 3-year high
    784 1  -  Buyers keep snapping up units as fast as developers keep launching them By KALPANA RASHIWALA [SINGAPORE] Developers' private home sales surged to a three-year high in September, taking the tally for the first nine months past the full-year 2010 record and underscoring the need
    Source: URA  -  784 words
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      146 1 OBITUARY Norodom Sihanouk a colourful and mercurial monarch PAGE 19 OPINION Ngiam Tong Dow on competing in the tough new BRIC world PAGE 25 PRODUCTIVITY MATTERS Food manufacturing: Investing in talent and technology PAGE 13 **********04 Since 1846 NARDIN Le Locle Suisse Marine Chronometer Manufacture Manufacture chronometer movement with Silicium
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  • TOP STORIES
    • Article, Illustration
      Lock icon Strong S$ used to tame inflation: Hng Kiang
      598 2  -  Exchange rate policy cannot be used as a tool to manage export competitiveness By LEE U-WEN [SINGAPORE] Singapore's exchange rate policy cannot be used as a tool to manage the country's export competitiveness, said Trade and Industry Minister Lim Hng Kiang yesterday.
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    • Article
      Lock icon Retail sales increase 1.1 % in September
      503 2 Retail sales increase 1.1 in September Business inventories rise 0.6% to US$1.6t in August LATEST US DATA Reuters [WASHINGTON] US retail sales rose in September as Americans bought more of everything from cars to petrol and electronics, pointing to stronger-than-expect-ed economic growth in the third quarter. The US Commerce Department
      Reuters  -  503 words
    • Article, Illustration
      Lock icon Retail sales rebound in August, up 3.2%
      475 2  -  Low interest rates cited for strong buying of motor vehicles, up 5.2% y-o-y By NISHA RAMCHANDANI [SINGAPORE] Retail sales bounced back in August, rising 3.2 per cent from the corresponding month a year ago, according to data from the Department of Statistics. Excluding
      THE STRAITS TIMES FILE PHOTO  -  475 words
    • Article
      Lock icon BT jumps to No 2 from No 5 in poll on best paper
      239 2  -  By LEE U-WEN [SINGAPORE] The Business Times, Singapore's only financial daily, has come in second on this year's Newspaper of the Year top 10 list. This is an improvement from last year's fifth placing, according to the
      239 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      496 2 Data law gives Goliaths an edge over the Davids BIG businesses with an eye on Big Data have applauded the impending Personal Data Protection Act, but their smaller counterparts will have more uncharted territory to navigate when data legislation kicks in. The amended Personal Data Protection Bill went
      496 words
    • Article
      Lock icon Productivity figures fluctuate over short term
      495 4  -  Ser Luck: Important to press on with productivity drive over the longer period YESTERDAY IN PARLIAMENT By LEE U-WEN [SINGAPORE] How productivity is measured in Singapore is sensitive to economic cycles, and the final numbers can fluctuate substantially over the short term. Therefore, said
      495 words
    • Article, Illustration
      Lock icon Nuke energy for S'pore: Risks still outweigh gains
      503 4  -  But Republic keeps options open on its possible future use By RONNIE LIM [SINGAPORE] Singapore is not yet ready to adopt nuclear energy given the unsuitability of presently available technology, says S Iswaran, Minister in the Prime Minister's Office and Second Minister
      503 words
    • Article, Illustration
      Lock icon Fight down to the wire with two final bouts
      735 4  -  Candidates running neck and neck, with signs of Obama falling a bit behind US PRESIDENTIAL ELECTION By LEON HADAR in Washington AS THE 2012 US presidential race goes to the wire, it may all boil down to the two final televised
      PHOTO: AP  -  735 words
    • Article
      Lock icon B2B marketing calls excluded from Do Not Call rules
      454 4  -  By JOYCE HOOI [SINGAPORE] Telemarketers will find more breathing room now that the proposal for the national Do Not Call (DNC) registry excludes business-to-busi-ness (B2B) marketing calls. The DNC registry, which is expected to be set up by early 2014, allows
      454 words
    • Article
      Lock icon China CPI still low, no further easing expected
      580 4  -  Inflation in Q4 may rebound as food prices seen rising By VIRGINIE MANGIN in Beijing CHINA’S inflation eased to below 2 per cent last month, but analysts do not expect easing measures in the near-term as inflationary pressures have not disappeared and
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      78 2 Save the hassle of comparing rates for Mortgages, Business Loans and Car Loans Insurance Talk to our Friendly and Experienced Financing Specialists for free advice now! Straightforward application for your Business Financing needs, e.g. Term Loan, Overdraft, Invoice Financing Residential Property Mortgage Rates as low as 1.06%* per annum Commercial
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      390 3 Standard Chartered Here for good 1 financial goals to achieve 3 currency time deposits to choose from bank to help you along the way It s good to discover more ways to grow your wealth PRIORITY Banking At Priority Banking, we believe the strength of any relationship comes from understanding.
      390 words
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  • COMPANY NEWS
    • Article
      Lock icon Whiff of M&A whets appetite for F&B
      688 5  -  But feast lacks volume, so take price numbers with pinch of salt: critics By KENNETH LIM SINGAPORE-listed food and beverage stocks have been selling like hotcakes amid frenzied speculation about mergers and acquisitions (M&A) in the sector. Trader Manoj Chamanlal, in disbelief over
      688 words
    • Article
      Lock icon Kirin mulling all options for F&N shares
      220 5 Reuters [TOKYO] Japan’s Kirin Holdings Co is considering all possible options for its holdings in Singapore conglomerate Fraser and Neave Ltd (F&N), its president Senji Miyake said at a briefing yesterday. F&N’s board said last week that a US$7.2 billion tender offer by
      Reuters  -  220 words
    • Article
      Lock icon Offer to take Synear Food private
      445 7  -  Firm offering 18.6 cents a share backed by target's chairman and CEO By NISHA RAMCHANDANI FORTUNE Domain, a special-purpose vehicle backed by Synear Food Holdings' executive chairman and its chief executive officer, is looking to delist the food producer, proposing a privatisation offer of
      445 words
    • Article, Illustration
      Lock icon M1 's Q3 net profit down 19.5%
      428 7  -  EPS for quarter and 9-month period at 3.6 and 11.9 cents By JOYCE HOOI M1 Limited posted a 19.5 per cent drop in net profit for the third quarter ended Sept 30, 2012, from $41.1 million to $33.1 million, yesterday. Operating revenue for
      428 words
    • Article
      Lock icon K-Reit has new name; DPU up 85%
      443 7  -  By FELDA CHAY OFFICE landlord K-Reit Asia yesterday unveiled a new name Keppel Reit along with its third-quarter results, which saw distributable income surge 93.6 per cent year on year to $51.69 million. The distributable income is based on 100 per cent of
      443 words
    • Article
      Lock icon K-Green Q3 earnings down 6.6%
      323 7  -  By TEO SI JIA GREEN infrastructure assets investor K-Green Trust has posted lower profits for the third quarter ended Sept 30, with earnings slipping 6.6 per cent to $3.53 million from a year ago. Profit for the nine months dipped 2.5 per cent to $11.40
      323 words
    • Article
      Lock icon Courts Asia ends above IPO price
      406 8  -  It hit high of $0.83 before closing at $0.785, with 34.88m shares traded By NISHA RAMCHANDANI SHARES in Courts Asia closed at $0.785 yesterday, up 1.5 cents from its initial public offer price of $0.77 per share, marking the retailer's first day of trading
      406 words
    • Article
      Lock icon Indonesia's Geo Energy prices IPO at 32.5¢ a share
      510 8  -  By ANDREA SOH INDONESIAN coal-mining company Geo Energy Group is heading for a Singapore Exchange (SGX) mainboard listing with an initial public offering of 289.26 million shares at 32.5 cents each. The invitation shares comprise about 258.35 million new shares and
      510 words
    • Article
      Lock icon Invicta planning to take Kian Ann private
      317 8  -  By LEE MEIXIAN MAINBOARD-listed Kian Ann Engineering yesterday announced that an investment holding firm, Invicta Asian Holdings, is planning to buy over all its shares and delist it from the SGX. Invicta Asian Holdings is indirectly wholly owned by Invicta Holdings Limited, a
      317 words
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      238 5 -a m Urn n...< m W S1SI1S lii 5 s^ L*Cs2i "SBfS 5 »v A Ms World's Finest Serviced Offices Best address, best receptionist, best IT and support Flexible lease terms starting from one month We help businesses succeed For less than the cost of a secretary oP eN W
      238 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Sentiment hit by a host of woes
      504 6  -  STI moves sideways; recent focus on F&N sparks interest in food-related stocks STOCKS VEN SREENIVASAN Senior Correspondent CAUTION ahead of earnings results, the ongoing euro crisis, uncertainties in the Middle East and concerns about the upcoming US presidential election and the potential year-end
      Source: Bloomberg  -  504 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 2 0 0 0 7 8 2 Manufacturing 41 46 50 7 12 2 48 58 52 Commerce 24 24 16 2 2 4 26 26 20 Tpt/Stor/Comms 17 13 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,391 12,391 47,756 47,756 Manufacturing 336,470 33,005 369,475 203,672 617 204,289 Commerce 168,506 2,053 170,559 118,460 222 118,681 Tpt/Stor/Comms 88,567 13,844 102,411 124,445 4,523 128,968 Finance 16,260 509 16,769 102,046 222 102,268 Construction 43,698 3,166
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.700 +0.025 CapitaLand 3.190 +0.030 CapitaMall 2.090 +0.010 CityDev 11.580 +0.060 ComfortDelGro 1.630 -0.010 DBS Grp 14.190 +0.010 F&N 8.900 +0.010 GLP 2.500 +0.010 Genting SP 1.325 +0.015 Golden Agri 0.640 -0.005 HK Land 6.000 +0.060 IHH Healthcare 1.275 -0.005 JMH
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Oct 15 VALUE CLOSE BT OB/OS -304.00 BT CADI -*****.00 +23.00 BT 10-day MA -*****.00 -30.00 FTSE ST Mid Cap 748.51 +5.12 FTSE ST Small Cap 494.16 +1.46 FTSE ST All Share 746.21 +1.25 FTSE ST China Top 201.09 +0.76 FTSE ST China 219.00 +0.91 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Synear 102,528,000 Golden Agri 95,657,000 Transcu Grp 52,776,000 CourtsAsia 34,886,000 HPH Trust US$ 30,001,000 Noble Grp 29,710,000 SingXpress 27,420,000 Thai Beverage 25,953,000 GSH Corp 22,986,000 LionGold 21,681,000 VALUE($) Golden Agri 61,783,080 DBS Grp 45,216,610 SingTel 42,203,386 Wilmar 40,488,660 Noble Grp 39,438,885 UOB 35,244,800 HPH Trust US$
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      917 6  -  Compiled by JOYCE HOOI Singapore Press Holdings Oct 15 close: $4.11 CIMB RESEARCH, Oct 15 FY2012 earnings came in largely in line, at 95 per cent of our and consensus estimates. We tweak our FY2013 to 2015 numbers slightly on lower circulation revenue leading to a marginally lower
      Source: Bloomberg  -  917 words
    • Article, Illustration
      Lock icon Rupee leads drop on slowdown concern
      482 6 CURRENCIES Bloomberg [MUMBAI] Asian currencies fell, led by the Indian rupee, as concern a global economic slowdown is deepening damped demand for emerging-mar-ket assets. China’s economy probably expanded 7.4 per cent last quarter, the least in more than three years, a Bloomberg News survey
      Bloomberg; PHOTO: BLOOMBERG  -  482 words
    • Article
      Lock icon RISES
      101 6 BY CENTS CLOSE UP YHS 537 116.0 27.6 Khong Guan 260 86.0 49.4 Jardine C&C 5030 58.0 1.2 JSH 3685 48.9 1.1 DBXT MSJAP 10US$ 3452 33.0 0.8 Straits Trdg 342 30.0 9.6 H Royal 291 28.0 10.6 FEOrchard 282 27.0 10.6 DBXT iBoxxSing 5SG$ ***** 24.0 0.2 Auric
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    • Article
      Lock icon FALLS
      118 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -259.0 -1.2 JMH 5997 -147.8 -2.0 DBXT Nifty 10US$ ***** -96.5 -0.7 DBXT STGLDv100 10US$ 2812 -34.2 -1.0 DBXT MSTHAI 10US$ 1918 -29.3 -1.2 DairyFarm 1128 -25.7 -1.8 DBXT MSAsExJp 10US$ 3139 -24.4 -0.6 DBXT FTVietnam 10US$ 2021 -23.2 -0.9 DBXT S&P500
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      42 7 'tit CreditSuisse i i ■A I?SCAFE )lce ISIO IH era Nescafe 3?? u Nescafe Oolce Nescafe B® f V f-' -V' '~i m i Ha LAURENT FREIXE BRINGS A FRESH PERSPECTIVE TO NESTLE'S GROWTH. Credit Suisse is adding an extra dimension. credit-suisse.com/clients
      42 words
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  • Page 8 Advertisements
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      662 8 Global Entrepolis Singapore 23-25 October 2012 Resorts World Sentosa Singapore GES BUSINESS LEADERS SUMMIT 2012 Capitalising on Fast Changing Markets POLICY MAKERS HE Dato' Sri Mustapa Bin Mohamed Minister of nternational Trade and Industry Malaysia Dr HAN. Duck-soo Chairman CEO Korea International Trade Association, Former Korea Prime Minister BUSINESS LEADERS
      662 words
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      153 8 Sharelnvestor Booth Special Invest Carnival 2012 Date: 20th 21 st October 2012 (Saturday Sunday) Venue: Toa Payoh Hub Central, Atrium (Near Burger King) Time: 9:00am 8:00pm (Daily) For more information, please visit www.investcarnival.com FREE ADMISSION Sign up for any Sharelnvestor membership plan at our booth and win up to $50
      153 words
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      1310 9 SUBSCRIBE NOW! IPO CLOSES ON 18 OCTOBER 2012 AT 12.00 P.M. RELIGARE HEALTH TRUST (a business trust constituted on 29 July 2011 and registered on 25 September 2012 under the laws of the Republic of Singapore) OFFER FOR SUBSCRIPTION BY Religare Health Trust Trustee Manager Pte. Ltd. 567,455,000 Common Units
      1,310 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Govt loosens noose on mandatory death penalty
      705 10  -  Courts to be given sentencing leeway once certain conditions are met By GRACE LEONG EVEN as the mandatory death penalty remains a key part of Singapore's criminal justice system, the government yesterday clarified conditions under which the courts will have discretion on whether
      705 words
    • Article
      Lock icon Pension system needs improvement: Mercer
      541 10  -  By ONG CHOR HAO SINGAPORE’S pension system could do with more contribution from employers and individuals, a study on pension systems suggested after the country came in at the lower end of its rankings. Singapore came in 13th out of 18 countries surveyed for the
      541 words
    • Article
      Lock icon Park Regis S'pore succeeds in bid to register trademark
      508 10  -  By GRACE LEONG THE Australian hotel operator of Park Regis Singapore has succeeded in its bid to apply to register its trademark here, with a High Court judge's finding that the four-star business hotel is unlikely to be confused with Starwood
      508 words
    • Article, Illustration
      Lock icon Knowledge, internationalisation to give S'pore edge: Ngiam
      549 10  -  By MALMINDERJIT SINGH A FORMER top civil servant has identified two keys to Singapore's continued attractiveness as an investment destination in the face of emerging economies internationalisation and harnessing a knowledge-econo-my. Ngiam Tong Dow, the former chairman of the Singapore Economic Development Board
      549 words
    • Article
      Lock icon Pacnet to shed 30% workforce, exit ISP business
      654 10  -  By AMIT ROY CHOUDHURY UNDERSEA cable and data centre operator Pacnet announced a major reorganisation of its business in which it will shed around 30 per cent of its workforce and exit the ISP (Internet service provider) business. CEO Carl Grivner told
      654 words
    • Article
      Lock icon Two S'pore EMBA programmes ranked 4th and 5th globally
      315 10  -  By ZEINAB YUSUF SAIWALLA SINGAPORE continues to excel in Executive Master of Business Administration (EMBA) rankings globally, occupying two of the top five spots, according to the Financial Times' (FT) latest rankings. Tsinghua/Insead's programme was ranked fourth while National University of
      315 words
    • Article
      Lock icon Brunei prince may defend claim in trial
      276 10 A LEGAL dispute between Brunei’s Prince Abdul Hakeem and a group of nine Singapore investors trying to recover $890,000 plus damages over a failed share transfer appears to be headed for trial. This after the investors failed in their bid to get summary
      276 words
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      575 11 CLS1C0 China LNG Shipping (International) Company Limited Jointly Announce the signing of our Ship-Repair Favoured Customer Contract The contract, signed recently in Hong Kong, commits to Sembawang Shipyard the Singapore repairs of the LNG carriers managed by China LNG Shipping International (CLSICO) and serving the Guangdong and Fujian import terminals.
      575 words
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  • SME Inc
    • Article, Illustration
      Lock icon A different kind of sports fever
      1228 12  -  Garena Stadium is set to start rocking in Bugis next month with a passionate gaming crowd cheering on players, reports JASLENE PANG reportsJASLENE JASLENE PANG SPORTS lovers will have more than the Olympics and World Cup to look forward to with the promise of
      PHOTO: YEN MENG JIIN  -  1,228 words
    • Article
      Lock icon A firm is never too small to think strategically
      922 12  -  It is about thinking holistically of how to gain competitive advantages, not about having a formal planning process or specialist managers COMMENTARY By NITIN PANGARKAR DURING executive training sessions or other events in a typical year, I have several opportunities to
      922 words
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      65 12 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Investing in talent and technology
      1308 13  -  Staff turnover has dropped to 10% at Ha Li Fa and it is boosting production efficiency with a conveyor belt system, reports FELDA CHAY reportsFELDA FOOD MANUFACTURING FELDA CHAY FROM initiatives to retain and attract workers to mechanising and coming up with more innovative products,
      PHOTO: ARTHUR LEE  -  1,308 words
    • Article
      Lock icon Where to go
      322 13 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Productivity and Innovation Credit (PIC) Innovation and Capability Voucher (ICV) SMEs can get a $5,000
      322 words
    • Article, Illustration
      Lock icon Achieving higher sales through innovation
      1217 13  -  By FELDA CHAY MANY food manufacturers today may fret over slower, or even lower, sales, but not Golden Bridge Foods Manufacturing. The largest manufacturer of processed meat products in Singapore expects to grow annual sales by 40 per cent this year from a year ago
      PHOTO: ARTHUR LEE  -  1,217 words
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  • Page 14 Advertisements
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      4474 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices PARKSON RETAIL ASIA LIMITED (Company Registration No. *****7706H) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Parkson Retail Asia Limited (“the Company”) will be held at Pisces/Aquarius Room, Level 1, Marina Mandarin Singapore, 6
      4,474 words
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      130 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF POWER CAPITAL PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****2302W (“the Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      130 words
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      203 14 THE COMPANIES ACT (CHAPTER 50) EQUINOX OFFSHORE ENGINEERING PTE LTD (Co. Reg. No. *****6024M) (“Company”) NOTICE OF CREDITORS’ MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Singapore Companies Act, Cap 50, a meeting of the creditors of the above-named Company will be held at 6 Battery
      203 words
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  • M'SIA/INDONESIA
    • Article
      Lock icon M'sia's financial mgt gets better grades
      533 15  -  But Auditor-General says weaknesses remain significant in govt's project supervision, implementation By PAULINE NG in Kuala Lumpur THE financial management of Malaysia’s federal government and its ministries last year was better than in 2010, with revenue increasing by nearly RM26 billion (S$10.4 billion) or
      533 words
    • Article, Illustration
      Lock icon Maybank mulls options to expand in Thailand
      473 15 Bloomberg [TOKYO] Malayan Banking Bhd, Malaysia’s largest lender, is considering options to expand in Thailand including takeovers after raising RM3.66 billion (S$1.46 billion) this month to boost its presence in South-east Asia. “There are a number of options we are assessing at the
      Bloomberg; PHOTO: BLOOMBERG  -  473 words
    • Article
      Lock icon Jakarta rejects OECD criticism of food policy
      453 15 Xinhua [JAKARTA] An Indonesian government minister has criticised the Organisation for Economic Cooperation and Development (OECD) over its report issued last week that rapped the nation’s policy of food self-sufficien-cy, accusing the global research body of hypocrisy given similar policies are in place
      Xinhua  -  453 words
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      106 15 I CORUM LACHAUX-DE-FONDS SUISSE W x x w R O »x> y GOLDEN BRIDGE AUT0MATIC Unear-winding automatic movement, 18K red gold case with sapphire crystal sides and back. Engraved gold version of the first CORUM automatic baguette-shaped movement. CORTINA WATCH ESPACE Millenia Walk Tel: *****728 Marina Bay Sands Tel: 6688
      106 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon New incentives for China's external trade
      531 16  -  The finance ministry is offering 2.5b yuan to aid importers' bank interest costs By FREDERICK YEUNG EJ INSIGHT [HONG KONG] Various government departments in China have introduced new measures to stimulate the nation’s external trade sector, which has been buffeted by weak demand in
      EJ INSIGHT  -  531 words
    • Article
      Lock icon AstraZeneca in Beijing tie-up to speed medicine discovery
      212 16 Bloomberg [BEIJING] AstraZeneca Plc, which has the worst-performing stock this year among Europe’s biggest drugmakers, will work with a research company in China to speed discovery of new medicines. The partnership with Beijing-based Pharmaron will add “a few hundred” scientists to AstraZeneca’s
      Bloomberg  -  212 words
    • Article, Illustration
      Lock icon India wins over financial markets
      682 16 But cutting the fiscal deficit will prove to be far more difficult Reuters [NEW DELHI] India’s Finance Minister P Chidambaram exudes the self-confi-dence of a man who, in the eyes of India’s cheerleading financial markets, can do little wrong. In the 11 weeks since he
      Reuters; PHOTO: AP  -  682 words
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      148 16 CO BEYOND RETAIL THERAPY AND DISCOVER THE BEAUTY OF TOTAL LUELLNESS FROM UUITHIN PARAGON Situated in Paragon, Paragon Medical houses over 60 world-class medical specialists to meet all of your healthcare needs. MEDICAL SERVICES: Aesthetics/Cosmetic Surgery Anti-ageing Cardiology Day Surgery Centre Dentistry/Orthodontics Dermatology Ear, Nose Throat (ENT) Fertility Centres General
      148 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Economists cut next year's US growth outlook
      539 17 Economy likely to skirt worst damage from fiscal cliff, NABE poll predicts Bloomberg [WASHINGTON] Business economists cut their US growth outlook for next year to 2.4 per cent as companies and consumers restrain spending, a survey released yesterday showed. The growth estimate was
      Bloomberg; PHOTO: AP  -  539 words
    • Article
      Lock icon India inflation hits 10-month high in Sept
      794 17 Analysts see data reducing chances of rate cut this month Reuters [NEW DELHI] Rising fuel prices boosted Indian inflation in September to 7.8 per cent, its highest level since November last year, undermining the government case calling for a central bank interest rate
      Reuters  -  794 words
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      163 17 r~r I V r I la mof mmi- ■'•r; sas t^awWP.-- aisSN*S? mm r-f' jr- .S’^P-SS :BnBB .‘ID --■> “S ana;.d&KufcV iU|n5S5:%?3s: iir 2 I 1 i i§Mfe nveiling A Rejuvenated Pacific Experience The rejuvenated Pan Pacific Orchard, Singapore presents a new experience inspired by the distinctive warmth of the
      163 words
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  • WORLD
    • Article
      Lock icon Citi beats expectations after loss on brokerage
      464 18 Net income totals US$3.3b, excluding one-time items AP [NEW YORK] Citigroup said Monday that it beat Wall Street predictions for quarterly earnings after stripping out a big loss on its retail brokerage and other one-time charges. Net income was US$3.3 billion, excluding one-time
      AP  -  464 words
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      Lock icon Britain pushes to temper ECB power in banking union
      414 18 UK wants a way to block the ECB from overruling the Bank of England Reuters [BRUSSELS] Britain is pushing for changes to a proposed eurozone banking union to dilute the power of the European Central Bank (ECB), EU officials said, potentially
      Reuters; PHOTO: AP  -  414 words
    • Article
      Lock icon Chinese shoppers power global luxe sales
      188 19 AP Bloomberg [MILAN] Chinese shoppers both at home and abroad are pushing personal luxury sales to new heights. A new study by Bain Company released yesterday forecasts the global luxury goods market for apparel, accessories, jewellery, cosmetics and art will grow 10 per cent
      AP; Bloomberg  -  188 words
    • Article, Illustration
      Lock icon A colourful and mercurial monarch
      591 19 OBITUARY AFP [PHNOM PENH] Behind the image of an eccentric monarch who moved with the political tides, former king Norodom Sihanouk, who has died aged 89, never stopped trying to preserve the unity of war-ravaged Cambodia. Twice exiled and twice returned to the throne during
      AFP  -  591 words
    • Article, Illustration
      Lock icon Softbank to pay US$20.1b for up to 70% of Sprint
      732 19 Combined, they will have 96m mobile users; Sprint CEO to remain in his post Reuters [TOKYO] Japanese mobile operator Softbank Corp said yesterday it will buy up to 70 per cent of Sprint Nextel Corp, the third-larg-est US carrier, for
      Reuters; PHOTO: AFP  -  732 words
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      Lock icon IMF board set for biggest reshuffle since early 1990s
      686 20 Emerging markets like Brazil feel European members still dominate WP [WASHINGTON] The International Monetary Fund’s executive board is undergoing the biggest reshuffle in two decades in a shift that emerging markets, including Brazil, say remains insufficient to reflect their rising economic
      WP  -  686 words
    • Article
      Lock icon Study: Can a few cherries a day keep gout away?
      325 20 Reuters [NEW YORK] Cherries may no longer be just for topping off ice-cream sundaes a US study of people with gout linked eating the fruit with a 35 per cent to 75 per cent lower risk of having an attack.
      Reuters  -  325 words
    • Article
      Lock icon Japan’s govt funding under stress: S&P
      428 20 Reuters [TOKYO] Japan’s government funding is showing signs of stress as the Bank of Japan (BOJ) pushes the self-imposed limits of its bond buying programme and as a bill needed to fund this year’s budget is caught in a political stalemate, Standard Poor’s (S&P)
      Reuters  -  428 words
  • Page 18 Advertisements
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      2057 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SIN HENG HEAVY MACHINERY LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****1305R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-First Annual General Meeting of Sin Heng Heavy Machinery Limited (the “Company”) will be held at
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      1109 18 yrj [*]ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com,sg www.cats.com.sg/notices HanKore Environment Tech Group Limited Company Registration No. ***** (Incorporated in Bermuda) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of HanKore Environment Tech Group Limited will be held at Ocean 3, Level 2, Pan
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      336 19 S M UNIVERSITY Knowledge and skills L Khor Boon Huo Social worker and lifelong learner Career advancement FiN i M I t/il I I Hone your professional skills with our post-graduate certification courses SIM University helps working adults like Boon Hua get ahead professionally. Our quality courses have been developed
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  • Page 20 Advertisements
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      2050 20 SATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CWU Originating Summons No. 156 of 2012/Z In the Matter of Companies Act (Cap. 50) And In the Matter of R. S. HOTEL SERVICES PTE LTD (RC No. *****3418R) Between URVASHI SOOD (NRICNo.
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      385 20 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HENG FU KOT AGENCIES PTE LTD (In Members’ Voluntary Liquidation) Company Registration No:
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  • Page 21 Advertisements
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      104 21 OUR NAME YOUR TRUST K-REIT Asia is now Keppel REIT. Since our listing in 2006, K-REIT Asia’s assets under management has grown ten-fold to $6.35 billion with a sterling portfolio of office assets. Today, we are one of Singapore’s largest real estate investment trusts. We enter into the next chapter
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  • AVIATION/SHIPPING
    • Article
      Lock icon AirAsia pulls plug on Batavia Air deal
      607 22  -  Acquisition induces too many risks, would be earnings dilutive, says CEO By S JAYASANKARAN By in Kuala Lumpur ASIA’S largest budget carrier has scrapped a RM245 million (S$97.8 million) bid to buy Indonesia’s Batavia Air because the deal had too many risks, according
      607 words
    • Article
      Lock icon SIA passenger load rises to 80.6%
      227 22  -  By VEN SREENIVASAN SINGAPORE Airlines filled 80.6 per cent of its seats last month as passenger carriage outpaced capacity increases. The September load factor was a one percentage point improvement on the previous month, and was due to a 7.7 per cent growth in
      227 words
    • Article, Illustration
      Lock icon Wrecked liner's former captain in court
      390 22 Closed-door hearing will determine if judge will order trial AP [GROSSETO, Italy] The former captain of the shipwrecked Costa Concordia cruise liner was in an Italian court yesterday to hear the evidence against him, while passengers who survived the Jan 13 collision in which
      AP  -  390 words
    • Article
      Lock icon The Business Times Shipping Times
      1957 23 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      1,957 words
  • Page 22 Advertisements
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      245 22 Jobs updated EVERY MINUTE A world of options at your fingertips. Sales Executive Sales Manager Sales Director Marketing Executive Marketing Manager Marketing Director Account Executive Account Manager Account Director Finance Executive Finance Manager Financial Controller Customer Service Executive Customer Service Manager Customer Service Director FIR Executive FIR Manager FIR Director
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  • Page 22 Miscellaneous
    • Miscellaneous
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      319 22 CRYPTIC CROSSWORD Across 1 Taught you French, pulled apart by Germany (7) 5 Grant Bono’s partner has hidden talent (7) 9 Close shaven, with head of hair cut (7) 10 Good sign producing cheer (7) 11 Lady in far off fantasy world (9) 12 Peasant’s oppression by Left (5) 13
      319 words
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      34 23 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WOIN IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      34 words
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      32 23 Experienced ship maintenance £ndy h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES IIIL UUJINLJJ IIIVILJ Shipping Times
      32 words
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  • EDITORIAL & OPINION
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      Lock icon Lemon law could be a win-win
      468 24 EDITORIAL THE new “lemon law”, which came into effect last month, has already seen some encouraging results in helping to protect consumers from being sold shoddy goods in Singapore. According to latest figures by the Consumers Association of Singapore (Case) that were made public
      468 words
    • Article
      Lock icon Only time will tell if buying time will work for Portugal
      814 24  -  THE BOTTOM LINE By ASHOKA MODY The writer is a visiting professor of international economic policy at the Woodrow Wilson School of Public and International Affairs, Princeton University PORTUGUESE authorities recently made a pre-emptive offer to their country’s creditors:
      814 words
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      Lock icon China needs to resume its historical role in region
      1241 24  -  Futile for US to divide co-dependent Asian nations into rival camps By PANKAJ MISHRA The writer is the author of From the Ruins of Empire: The Revolt Against the West and the Remaking of Asia, and a Bloomberg View columnist, based
      PHOTO: AFP  -  1,241 words
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      Lock icon Competing in the tough new BRIC World
      1916 25  -  Soft pursuits won't work in this new millennium Singapore’s economic future lies in knowledge-based wealth creation By NGIAM TONG DOW The writer is a former permanent secretary who served in several ministries and statutory boards, as well as on corporate boards. This is
      PHOTO: REUTERS  -  1,916 words
    • Article, Illustration
      Lock icon Nations should work together to adopt solar energy quickly
      823 25  -  Domestic energy security will be assured, cutting reliance on oil and gas By JEREMY LEGGETT The writer is chairman of Solarcentury and convenor of the UK Industry Taskforce on Peak Oil and Energy Security IHT PICTURE the good news: a third
      IHT; PHOTO: REUTERS  -  823 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3073 26 Transaction date: Oct 15 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Da ('000) High 148.5 92.5 AIMSAMPIReit 144.5 +0.5 472 145.5 144.5 144.5 145.5 5.8 13.8 647.8
      3,073 words
    • Article
      Lock icon SGX CATALIST
      201 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil jnch
      201 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8147 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0.958/ European Opportunities'** 1 0334/
      8,147 words
    • Article
      Lock icon GLOBALQUOTE
      206 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 39.5 25.5 AVJennings A30 -1.5 1 30 30 30 32 3.6 11.7 2.4 78.1 41.5 26 Genting HK US$ US32 unch 1588 32.5 32 32 32.5 2107
      206 words
    • Article
      Lock icon SGX ETF
      965 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119xd -1.9 26 119.9 119 118 119 543.2 128.5 120.4 CIMB APAC Div 100S$D 128.5 125.8 126.7 103.8 95.8 CIMB
      965 words
  • Page 26 Advertisements
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      38 26 WHEN YOUR MISSION IS TO FLY AT 800 KM/H LESS THAN TWO METERS FROM OTHER TEAM AIRCRAFT, YOU ONLY TRUST THE CHRONOMETRIC PRECISION OF THE WORLD'S BEST CHRONOGRAPH BREITLING INSTRUMENTS FOR PROFESSIONALS' CHRONOMAT TEL. +55 6732 6347 BREITUING.COM
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      638 28 Oct 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8517.77 8595.11 8488.14 Dec12 8560.00 8605.00 8490.00 8580.00 ***** *****9 Mar13 8510.00 8510.00 8510.00 8570.00 17 1751 MSCI TAIWAN INDEX FUTURES SPOT 264.48 264.48 262.94 Oct12 263.30 264.00 261.80 263.80 ***** *****7 Nov12 263.50
      638 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Oct 12 Index Change Change Change Change Change Change World Preliminary 911.0 -0.3 9.8 -0.8 3.9 -0.3 10.4 EAFE Preliminary 724.7 -0.2 6.2 -0.6 0.8 -0.1 7.1 Europe Preliminary 1104.6 -0.6 7.6
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 28 As on 12 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1773.90 1761.10 1759.80 INDIA GOLD (E-GOLD) FUT DEC2012 592.00 586.05 586.45 CURRENCY EUR-USD FUT DEC2012 1.2998 1.2931 1.2961 BASE METAL COPPER FUT DEC2012 8253 8158 8165 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 28 Oct 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1522.50 1548.50 1553.50 1510.00 Jan 13 1522.00 1548.50 1552.75 1509.50 Mar 13 1492.00 1520.75 1523.50 1481.00 May 13 1449.75 1478.25 1478.75 1442 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 49.89
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Oct 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.53 -1.21 WTI (Near Mth) 91.83 -0.6 Dubai (1-Mth F) 110.48 -0.12 Tapis blend 119.23 -0.48 Minas 114.38 -0.48 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.28 -0.44 Jet Kerosene 133.47 -0.5 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Oct 15 S$ Bid Offer 1-month 1.2218 1.2219 2-months 1.2218 1.2219 3-months 1.2218 1.2219 6-months 1.2213 1.2215 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 28 Oct 12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1968.50 1992.25 3 months 1994.00 2016.00 Copper, Grade A(US$/tonne) Cash 8131.75 8242.00 3 months 8130.00 8239.50 Lead(US$/tonne) Cash 2126.75 2180.50 3 months 2131.00 2184.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 28 Oct 12 COCOA (£/tonne) Close Prev High/Low Dec 12 1523 1518 1528/1511 Mar 13 1532 1527 1537/1519 May 13 1541 1536 1546/1529 Jul 13 1549 1544 1553/1536 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2052 2076 2082/2046 Jan 13 2068 2079 2084/2061 Mar 13 2084 2094 2097/2078 May 13 2097
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      885 28 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 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.5 -0.2 425 1 32 -2 66.00 1 Price Best World Intl Ltd W*****5 0.3 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Oct 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.002 6.410 0.790 7.929 54.242 98.126 0.804 11.361 3.129 1.256 97.595 42.422 1.250 8.959 0.956 29.901 31.415 0.637 1.023 Canada 0.998 6.398
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    • Article
      Lock icon SIBOR
      58 28 Oct 15 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 2 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
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    • Article
      Lock icon PRECIOUS METALS
      135 28 Oct 15 GOLD(US$/oz) Oct 15 Oct 11 Hong Kong 1750.70 1765.00 Oct 12 Oct 11 London 1763.07 1771.60 1764.05 1772.40 Source: Thomson Reuters CAST BAR Oct 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 69 5gm 438 344 10gm 783 687
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Oct 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-Jan-13 0.24 6-Month BS*****N 18-Apr-13 0.27 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 102.18 102.18 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 28 Oct 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2400.0 2407.0 2400.0 2400.0 100 1355 Nov 12 2390.0 2480.0 2446.0 2390.0 740 7918 Dec 12 2450.0 2500.0 2475.0 2417.0 ***** ***** Jan 13 2492.0 2542.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 28 Oct 15 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2498 1.2500 1.0229 1.0230 Canadian dollar 1.2471 1.2479 1.0212 1.0207 Euro 1.5819 1.5821 1.2947 1.2948 NZ dollar 0.9948 0.9956 0.8142 0.8148 Sterling pound 1.9609 1.9611
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Oct 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.278 1.218 Can dollar 1.275 1.215 Euro 1.617 1.54 Sterling pound 1.999 1.923 NZ dollar 1.028 0.97 US dollar 1.247 1.188 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 28 Oct 15 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.75 0.55 9 months 0.90 0.70 12
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Flipping houses in US is good business again
      1029 29 Practice regaining popularity as US real estate market shows signs of life The Washington Post [WASHINGTON] Not long ago, John Irvin was selling women’s shoes in the Nordstrom at an Arlington, Virginia, shopping mall, pulling down about US$20 an hour. Now he
      The Washington Post; PHOTO: AP  -  1,029 words
    • Article
      Lock icon Price fall signals end to Norway's housing boom
      611 29 Bloomberg [OSLO] Norway’s housing boom is showing signs it may be about to turn into a decline after real estate prices fell in some parts of the country. Home prices fell in the third quarter in areas around the nation’s biggest west-coast
      Bloomberg  -  611 words
    • Article, Illustration
      Lock icon Two sets of Tg Katong shophouses for sale
      300 30  -  Family trust owner wants $10-12m for 4-storey properties in conservation area By ZEINAB YUSUF SAIWALLA [SINGAPORE] A pair of freehold four-storey shophouses at Tanjong Katong Road, owned by a family trust, has been launched for sale by public tender. The owner is
      PHOTO: ARTHUR LEE  -  300 words
    • Article
      Lock icon Hong Kong industrial property returns slow as prices soar
      387 30 Bloomberg [HONG KONG] Returns on Hong Kong industrial properties are slowing after prices of factories and warehouses doubled since early 2009, according to Peter Churchouse, former head of property research for Asia at Morgan Stanley. The average rate of return for
      Bloomberg  -  387 words
    • Article
      Lock icon Oxford Properties plans C$3b Toronto development
      251 30 It wants to build a casino, hotel and convention complex Bloomberg [LONDON] Ontario Municipal Employees Retirement System’s (Omers) Oxford Properties said it may invest more than C$3 billion (S$3.7 billion) to develop a casino, hotel and convention complex in downtown Toronto. The project, one
      Bloomberg  -  251 words
    • Article, Illustration
      Lock icon Property cooling measures proving successful: Khaw
      1046 31  -  Private, HDB resale market stabilising; five residential sites released for sale By MINDY TAN [SINGAPORE] Five sites yielding some 2,880 homes have been released for sale, even as the government has pledged that it remains ready to cool the housing market if necessary. Minister
      1,046 words
    • Article
      Lock icon Kensington home prices surge to record £2.2m
      458 31 Bloomberg [LONDON] Asking prices for homes in London surged to a record this month as values in the borough of Kensington and Chelsea rose to an average £2.2 million (S$4.3 million), according to Rightmove Plc. Prices in the country’s most expensive district increased
      Bloomberg  -  458 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      242 29 i LaSalle I |credo| FOR SALE BY PUBLIC TENDER Real value in a changing world Trustees’ Sale-Tanjong Katong Shophouses FH; Land 3,811 sf; GPR 3.0; conservation area Existing 4-sty; apts with shops at 1st level Fully tenanted; high traffic; ample parking Potential for staff housing or student hostel Tender Close
      242 words
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      Lock icon Page 29 Advertisements Column 2
      148 29 DEVONSHIRE 12 VVIP PREVIEW 8! n<! Is r iii t Freehold District 9 1 1 SUITES 441 506 sqft 2+1/3 PALAIS 721 1033 sqft Early Bird Discount from $1.138m walk to Somerset MRT Exclusive Marketing Agent H* ffi C$iam<md 1 Licence No.: L*****82E Constantine Lee *****0672 *****978 OI ones Lang
      148 words
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      Lock icon Page 29 Advertisements Column 3
      91 29 Large Prime Residential Site off Meyer Road Katong Park Towers For Sale by Tender Site Area: 13,076.9 sq m (approx. 140,758 sq ft) MP 2008: ‘Residential’, PR 2.1, up to 24-storey Nestled within a serene neighbourhood along Arthur Road Within minutes’ drive to retail, F&B and entertainment establishments Stadium and
      91 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      138 30 Build-to-Suit Opportunity Location: Yishun Avenue 9 Tenure: 30 years Zoning: B1 Allowable Plot Ratio: 2.5 Land Area: Approx 11,720 square metres Potential GFA: Approx 29,300 square metres 99 SOIIRUILD Group Holdings Ltd Contact: Daniel Ding (9336 3962) William Koh (9451 7331) 'J .f f 3* W* V* ■>> I r
      138 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      175 31 Expression oflnterest for Sale (b t l0sinaiaa'tffl9th October (Friday) at 12pm I l 8-storey light industrial building <§> Chai Chee Lane Former production area with 1 floor of datacenter GFA: 168,000 sq ft Genset, 13 transformer Power Supply: est. 12 MKVA Chilled water air-condition Cargo lifts Excess plot ratio for
      175 words
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      Lock icon Page 31 Advertisements Column 2
      118 31 0 tf\ce stt S G02 5 rson perP 0 1 dav pev Work your way 10 flexible office locations in Singapore New centre open in Tampines Junction Fully equipped and work-ready Terms to suit any size of business Find out more about our fully equipped offices... www.regus.com.sg ‘o* 1 800
      118 words
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      Lock icon Page 31 Advertisements Column 3
      73 31 Freehold Site in District 11 For Landed Housing Development Exclusive Bukit Tunggal GCBA Chancery neighourhood Site Area 9,696.3 sm (104,370 sf) Within 1 km to ACS (Barker) Near Mt. Pleasant Station on proposed Thomson Line Near shopping medical hub in Novena Not To Scale. For Reference Only Tender Closing: Tuesday,
      73 words
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  • Page 32 Advertisements
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      49 32 KEEP IT IN THE FAMILY There’s a very good reason that we know so much about family businesses; we are one. Which is one reason Britain’s wealthy families have been comin to us to protect their wealth for over 300 years. .SfB. coutts.com INVESTMENT MANAGEMENT PRIVATE BANKING WEALTH PLANNING
      49 words