The Business Times, 18 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$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, October 18, 2012
    25 words
  • Article, Illustration
    Lock icon Sharp fall in trade could hit GDP estimates
    670 1  -  Q3 GDP may be revised down after Sept trade numbers fall short of expectations By CHUANG PECK MING [SINGAPORE] Growth in the third quarter could be even worse than feared as September’s trade data has turned out to be weaker than expected.
    Source: IE S’pore  -  670 words
  • Article, Illustration
    Lock icon Mr President is no more Mr Nice Guy
    990 1  -  Obama goes on the offensive in an effort to win back voters from Romney US PRESIDENTIAL ELECTION By LEON HADAR in Washington THREE weeks from the election, President Barack Obama appeared to have risen from the dead, delivering a feisty and energetic
    PHOTO: BLOOMBERG  -  990 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,045.67 (-1.14) HST INDEX FUTURES 3,045.00 (-1.00) GSIMSCI 349.41 (+0.98) GSIMSCI FUTURES 349.00 (+0.80) us$ s$ US$ (S$ per US$) 1.218 (US$/S$ per 1.613 1.963 EURO (US$/S$/€) 1.311 1.596 Foreign currency per US$ S$ YEN 78.80 64.70 RM 3.038 2.495 HK$ 7.752 6.366 BAHT 30.64 25.16 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,660.67 +7.15 NIKKEI 225 8,806.55 +105.24 HANG SENG 21,416.64 +209.57 SET INDEX 1,301.28 +13.79 JAKARTA COMP 4,337.53 +8.45 MANILA COMP 5,438.38 +38.44 SEOUL COMP 1,955.15 +13.61 SHENZHEN B 592.33 +3.45 MUMBAI IND 18,610.77 +33.07 12 noon EDT Change DOW 13,545.60 -6.18 NASDAQ 3,109.08 +7.90
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.283 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg Source: Bloomberg
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      199 1 CITIGROUP All eyes on ex-Harvard football lineman PAGE 2 COEs Premiums higher across the board PAGE 4 PROPERTY Good sentiment for strata offices and shops PAGE 32 IWC Pilot. Engineered for aviators Spitfire Chronograph. Ref. 3878: Back in the days of the dogfights, there was no technology to do the
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      12 1 CORPORATE RESULTS Keppel Land Q3 net profit up 28.5% PAGE 7 **********04
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  • TOP STORIES
    • Article
      Lock icon Asian investors snap up ABN Amro $1b bonds
      483 2  -  Private bank clients boost orders to $17b; other Europe banks may be keen By SIOW LI SEN [SINGAPORE] Dutch-owned ABN Amro Bank, in a first, sold $1 billion bonds yesterday amid red-hot demand, passing with flying colours in its maiden public offering
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    • Article, Illustration
      Lock icon All eyes now on ex-Harvard football lineman
      774 2 Michael Corbat described as strong operationally, always on top of things Bloomberg [NEW YORK] Citigroup Inc paid a hedge-fund manager with a doctorate in finance more than US$200 million over five years to save the bank from the brink of collapse. Now it’s
      Bloomberg; PHOTO: AP  -  774 words
    • Article, Illustration
      Lock icon Pandit could forfeit US$33m in cash, stock
      591 2 However, board may give him a payout to ease his exit Bloomberg [NEW YORK] Vikram Pandit, who stepped down on Tuesday as Citigroup Inc’s chief executive, stands to forfeit almost US$33 million in cash and stock from a retention package unless the board
      Bloomberg; PHOTO: BLOOMBERG  -  591 words
    • Article
      Lock icon LNG project on track, terminal 95% complete
      490 2  -  By RONNIE LIM [SINGAPORE] Singapore’s $1.7 billion liquefied natural gas (LNG) terminal is now 95 per cent complete, said developer Singapore LNG (SLNG) in its latest update, confirming indications that the project is well on track to start operations by the second quarter
      490 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      574 2 Sharp fall in trade could hit GDP estimates SINGAPORE’S growth in the third quarter could be even worse than feared as September’s trade data has turned out to be weaker than expected. The key non-oil domestic exports for September fell 3.4 per cent from a year ago, when
      574 words
    • Article, Illustration
      Lock icon COE premiums higher across the board
      489 4  -  Cat A continues rise on steady sales of both mainstream and luxury models By SAMUEL EE [SINGAPORE] Steady sales of both mainstream and luxury models continued to push the small car COE premium up yesterday, according to some distributors. A Category A certificate of
      THE STRAITS TIMES FILE PHOTO  -  489 words
    • Article
      Lock icon A bumper October of MICE events at MBS
      394 4  -  IR hosting four times more tradeshows than its monthly average By LEE U-WEN [SINGAPORE] The month of October is set to be the busiest ever for Marina Bay Sands (MBS) in terms of its MICE (meetings, incentives, conventions and exhibitions) business. The
      394 words
    • Article
      Lock icon Penang airport woes may increase AirAsia’s doubts
      490 4  -  AirAsia already unwilling to move to KLIA2 in Sepang By PAULINE NG By in Kuala Lumpur WHEN it rains it pours, so the saying goes. For Malaysia Airports Holdings Bhd (MAHB), Tuesday’s collapse of a portion of the ceiling at the Penang International
      490 words
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      163 2 Legend of the Seas 2012/2013 2N MALACCA CRUISE Dep Date 03 Nov 2012, 06 Feb, 23 Mar 2013 Port-of-call Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date 31 Oct, 09, 16, 23 30 Nov, 07, 14 26 Dec 2012 Port-of-call Singapore, Penang, Malacca Dep Date 22 Feb, 01,08 29
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      136 3 im www.vw.com.sg Our very own elite model. m The Volkswagen CC. Now with free elite lifestyle package. Volkswagen presents Elite Model Look Singapore 2012. And to celebrate we are offering the stylish Volkswagen CC with the following elite lifestyle package absolutely free: Cruise control. RNS510 Navigation system. Park Distance Control.
      136 words
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      87 4 w SL-i-Vi p*2 1 I ORCHARD ROAD A GRE4T STREET Free WIFI Available Download the PARAGON App COFFEE AND NVERSATION BETWEEN DECISIONS, DECISIONS. Cafes one on every floor offer pause from the rush of shopping. So when your feet tire, let your taste buds take over. Bakerzin Cafe Manuka Canele
      87 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS well placed to meet Asia’s demand for financing
      643 6  -  Its market share in commodities financing surges By SIOW LI SEN DEMAND for financing in Asia continues to grow despite global uncertainty, and well-capitalised banks like DBS Group Holdings are in a good position to meet this demand, said Deputy Prime
      PHOTO: BLOOMBERG  -  643 words
    • Article, Illustration
      Lock icon DBS halves waiting time for clients at new HQ branch
      374 6  -  By TEO SI JIA CUSTOMERS at DBS B a n k s ne w fl a g s h i p branch in the Marina Bay Financial Centre will find their waiting time for banking services shaved by half, thanks
      PHOTO: BLOOMBERG  -  374 words
    • Article, Illustration
      Lock icon Keppel Land Q3 net profit rises 28.5% to $74.5m
      578 7  -  Results boosted by divestment gain, strong performance of associated firms By MINDY TAN THE strong performance of its associated companies and a divestment gain helped drive Keppel Land’s third-quarter net profit up 28.5 per cent, to $74.5 million. Revenue for the
      PHOTO: KEPPEL LAND  -  578 words
    • COMPANY BRIEFS
      • Article
        Lock icon TTJ clinches Jurong deals worth $36m
        79 7 TTJ Holdings has secured $36 million worth of contracts for structural steelworks on Jurong Island. One of the deals involves the supply, fabrication, delivery and installation of structural steelworks for SLNG Terminal’s secondary and tertiary jetties. Another involves the supply of structural steelworks to
        79 words
      • Article
        Lock icon Tung Lok issues profit warning
        57 7 TUNG Lok Restaurants (2000) Ltd expects to report a loss for the fiscal half year ended Sept 30, 2012. The group said lower turnover and rising operating costs have reduced its profit margins. It also said that its performance in the first half is traditionally
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    • Article
      Lock icon A-Reit Q2 DPU rises to 3.53¢
      435 7  -  By ONG CHOR HAO DISTRIBUTABLE income at Ascendas Real Estate Investment Trust (A-Reit) for the fiscal second quarter grew 12.2 per cent, as the trust continued to reap benefits from investments made in the previous financial year. The amount available for distribution for the
      435 words
    • Article
      Lock icon Stiff competition, disposal loss land Qian Hu in a red tide
      539 9  -  Group suffers net loss of $10.1 m in Q3 after sale of M’sian subsidiary Kim Kang By ANDREA SOH THE tide was against Qian Hu Corporation in the third quarter, with stiff competition and a one-time disposal loss dragging
      539 words
    • Article, Illustration
      Lock icon Gaylin aiming to raise $35.4m in IPO
      341 9  -  By TEH SHI NING GAYLIN Holdings, a Singa-pore-based rigging and lifting solutions provider to the offshore oil and gas industry, aims to raise net proceeds of $35.4 million through a listing on the mainboard of the Singapore Exchange. The group launched its initial
      PHOTO: GAYLIN  -  341 words
    • Article
      Lock icon Olam prices $400m note issue at 6%
      285 9  -  By ANGELA TENG OLAM International Ltd has priced a S$400 million issuance of 10-year senior notes under its US$2 billion euro medium term note programme. The issue is the longest tenor and the largest issue size achieved by Olam in the Singapore dollar
      285 words
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      1623 6 "RELIGARE Values that bind 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 Offering Price: $0.90 per Common Unit Religare
      1,623 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI fails to ride on Wall Street rise
      475 8  -  Morning rally fizzles out as activity focuses on second-liners and penny stocks STOCKS VEN SREENIVASAN Senior Correspondent WALL Street may have had one of its best sessions in recent weeks and other Asian markets may be on an upswing, but one would
      Source: Bloomberg  -  475 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Oct 17 VALUE CLOSE BT OB/OS -117.00 +106.0 BT CADI -*****.00 -22.0 BT 10-day MA -*****.00 -11.00 FTSE ST Mid Cap 754.85 +1.66 FTSE ST Small Cap 497.17 +0.33 FTSE ST All Share 748.04 +0.10 FTSE ST China Top 203.02 +0.55 FTSE ST China 221.14 +0.25 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 40 49 55 7 5 5 47 54 60 Commerce 21 26 17 3 4 2 24 30 19 Tpt/Stor/Comms 15 11 14
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      930 8  -  Compiled by KENNETH LIM Keppel Telecommunications Transportation Oct 17 close: $1.375 CIMB RESEARCH, Oct 16 Q3 2012 came in slightly below expectations. KPTT has been attracting interest lately following speculation about a buyout of M1. However, the likelihood of KPTT divesting its M1 stake is low and investors
      Source: Bloomberg  -  930 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,323 15,323 54,021 54,021 Manufacturing 278,155 45,919 324,074 301,816 660 302,476 Commerce 205,546 1,811 207,357 182,884 110 182,994 Tpt/Stor/Comms 134,928 17,626 152,554 219,324 5,565 224,889 Finance 22,441 902 23,343 138,597 365 138,962 Construction 47,173 429,536
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.755 -0.030 CapitaLand 3.240 +0.060 CapitaMall 2.110 -0.010 CityDev 11.780 +0.200 ComfortDelGro 1.650 +0.010 DBS Grp 14.120 -0.100 F&N 8.880 -0.020 GLP 2.540 +0.020 Genting SP 1.320 Golden Agri 0.635 -0.005 HK Land 6.030 -0.010 IHH Healthcare 1.265 -0.015 JMH 58.120
      111 words
    • Article, Illustration
      Lock icon Europe optimism supports Asian units
      464 8 CURRENCIES Bloomberg [BANGKOK] Asian currencies advanced, led by Malaysia’s ringgit, as optimism Spain is moving closer to receiving a bailout supported demand for emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index rose to the highest level since Feb 29 after two senior German coalition lawmakers said
      Bloomberg; PHOTO: REUTERS  -  464 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME YHM 428,281,000 Transcu Grp 95,054,000 Golden Agri 78,325,000 Noble Grp 56,312,000 Thai Beverage 50,527,000 Digiland 37,099,000 NOL 30,985,000 HPH Trust US$ 29,191,000 Artivision 25,943,000 SingTel 24,367,000 VALUE($) F&N 111,060,060 SingTel 78,024,620 Noble Grp 75,538,965 UOB 59,622,126 Golden Agri 50,061,245 CapitaLand 42,110,675 Olam 40,811,380 OCBC Bk 37,540,255
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    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 97.4 0.7 DBXT MSKorea 10US$ 5765 93.7 1.4 DBXT MSJAP 10US$ 3515 49.9 1.2 GLD 10US$ ***** 47.5 0.2 Lyxor China H 10US$ 1367 30.4 1.9 DBXT MSMSIA 10US$ 1411 21.9 1.3 CityDev 1178 20.0 1.7 SIA 1061 19.0 1.8 SIA
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN JSH 3500 -133.9 -3.0 JMH 5812 -110.8 -1.5 IS DJ US Tech 7494 -98.6 -1.1 YHS 495 -74.0 -13.0 Khong Guan 224 -44.0 -16.4 DBXT S&P Short 10US$ 3469 -40.2 -0.9 Great Eastern 1663 -22.0 -1.3 Hyflux 6% CPS 10 ***** -20.0 -0.2 Lyxor India
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      47 9 CreditSuisse m mz r 4 '-y* jo i k Oil I ESCAPE olce usto in is? EWT 3?? FJ S’? 3?S Wt* Nescafe ~;-f m >-■- ‘—-^SsL* i±t? r m H LAURENT FREIXE BRINGS A FRESH PERSPECTIVE TO NESTLE'S GROWTH. Credit Suisse is adding an extra dimension. credit-suisse.com/clients
      47 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon HDB eyes 25% productivity boost by 2020
      355 10  -  It aims to encourage use of innovative methods, optimise processes systems By MINDY TAN THE Housing Development Board (HDB) is looking to boost construction productivity by up to 25 per cent by 2020 amid concerns over a labour crunch. It has launched a
      FILE PHOTO  -  355 words
    • Article
      Lock icon City Gas working on venture with Osaka Gas
      430 10  -  Deal could include supply of gas-fired plants to customers By RONNIE LIM CITY Gas a unit of CitySpring Infrastructure Trust is working towards a possible joint venture with Osaka Gas, Japan’s second-biggest city gas player. The deal covers ways, including supply of
      430 words
    • Article
      Lock icon Few firms committed to raising leadership skills
      454 10  -  Workforce planning also has low priority, survey finds By ZEINAB YUSUF SAIWALLA DESPITE being aware that effective leadership is key to company growth, few business leaders here appear to be committed to the task of bringing it about, a report released by Randstad
      454 words
    • Article
      Lock icon A first outside Switzerland for WIPO meet
      381 10  -  By MALMINDERJIT SINGH FOR the first time since it kicked off in 1996, an annual gathering of top legal minds will leave its headquarters in Switzerland and be held in Singapore, starting today. The World Intellectual Property Organization’s (WIPO) Arbitration Workshop 2012, organised
      381 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon AVA to hold course for Lao-S’pore hatchery
        89 10 THE Agri-Food and Veterinary Authority of Singapore (AVA) will conduct a training course in modern tilapia culture and post-harvest technology for the Lao-Singapore Food Fish Hatchery in the coming months. This is done with the Ministry of Foreign Affairs’ funding support, under the
        89 words
      • Article
        Lock icon CEA launches app on estate agents’ register
        112 10 THE Council for Estate Agencies (CEA) yesterday launched a mobile version of its online Public Register of Estate Agents and Salespersons. Called “CEA@SG”, the new mobile application is CEA’s first app for devices using iOS and Android firmwares, and is part of CEA’s
        112 words
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      938 10 WATH NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAPAN HOLDCO PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9741W Extract of the Minutes of an Extraordinary General Meeting of JAPAN HOLDCO PTE LTD signed by the Representative of the Holding Company
      938 words
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      11 10 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bakries quizzed over listing costs of mining unit
      675 11 Probe not linked to long-running feud involving Londonlisted Bumi plc AFP Bloomberg [JAKARTA] Indonesia’s powerful Bakrie family yesterday said the nation’s financial watchdog is probing one of their mining units over costs associated with an initial public offering (IPO). However, they said
      AFP; Bloomberg; PHOTO: REUTERS  -  675 words
    • Article
      Lock icon Garuda mulls ordering 50 planes for Citilink
      227 11 Bloomberg [SINGAPORE] PT Garuda Indonesia, the nation’s largest carrier, is in talks to order 50 turboprop planes for its low-cost unit Citilink because of rising travel in Asia’s third-most populous nation. The airline is considering Bombardier Inc Q400s and Avions de Transport Regional
      Bloomberg  -  227 words
    • Article
      Lock icon M’sian companies more upbeat on local prospects
      415 11  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIAN firms are significantly more confident about local market prospects than they were at the beginning of the year, a semi-annual global survey has revealed. Although still cautious, company representatives who responded to the poll indicated that
      415 words
    • Article
      Lock icon Jakarta eyes US$700m deal for Inalum
      254 11 Reuters [JAKARTA] The government is in talks to buy out the Japanese majority owners of aluminium producer PT Inalum for an estimated US$700 million, Industry Minister Mohamad Hidayat said on Tuesday. The talks over PT Inalum, whose output of aluminium ingots last year fell
      Reuters  -  254 words
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      165 11 A PRIME DISTRICT 10 ADDRESS THAT SYMBOLISES YOUR STATUS m. L SEa s .3? m-~- ms* w&P mm) -T' at itude EXCLUSIVE FREEHOLD RESIDENCES Latitude's prestigious abodes feature panoramic view of captivating Orchard Road skyline and wide-span spaciousness rarely seen in a city development. Final penthouse and seven 4-bedroom units
      165 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon More US firms’ audit work moving to India
      587 12 This sparks concern over the lack of clear system of oversight there Reuters [MUMBAI] Auditing of US corporations’ financial books, a vital underpinning of investor confidence, increasingly relies on work carried out in India, where there is no clear system of oversight.
      Reuters  -  587 words
    • Article, Illustration
      Lock icon Battle brewing for China’s coffee market
      655 12 Nestle, Starbucks vie to meet demand for single-serve system Bloomberg [GENEVA] Nestle SA rules the high-end coffee market in Europe with Nespresso capsules. Green Mountain Coffee Roasters Inc dominates the United States, leaving China as the biggest land grab for premium single-serve coffee. Nestle,
      Bloomberg; PHOTO: ST FILE PHOTO  -  655 words
    • Article
      Lock icon Tata Motors to rationalise portfolio and overhaul image
      314 12 Reuters [MUMBAI] Indian carmaker Tata Motors Ltd will look to rationalise its product range and overhaul its image, Karl Slym, the head of its domestic business, said on Tuesday, as he sets about reviving the firm’s sputtering local business in a fiercely
      Reuters  -  314 words
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      191 12 Join more than 60,000 users to find your ideal job on the go. DOWNLOAD NOW *Source: iTunes Connect, Oct 2012 STARHUB 3G 11:16 AM Not Charging o STJOBS D Log out My Profile Filter By: Job Functions All Job Functions Accounting Finance Admin Office Services Advertising Promotions Events Arts Creative
      191 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan preparing 1t yen economic stimulus package
      508 13  -  Domestic spending measures may not turn economy round: analysts By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Yoshihiko Noda’s Cabinet held a special meeting last night to approve the compiling of an economic stimulus package expected to total around one trillion yen (S$15.46
      508 words
    • Article
      Lock icon Thailand cuts key rate in surprise move
      436 13 Central bank says 25bp cut prompted by weakening exports, domestic demand Reuters [BANGKOK] Thailand’s central bank unexpectedly cut its main interest rate by 25 basis points to 2.75 per cent, saying it wanted to shore up domestic demand as growth in 2013 will
      Reuters  -  436 words
    • Article
      Lock icon Swiss investor confidence up in Oct
      104 13 Bloomberg [ZURICH] Swiss investor confidence rose in October, indicating the economy may stabilise. An index of investor and analyst expectations that aims to predict economic developments six months in advance increased to minus 28.9 from minus 34.9 in September, the ZEW Center for European
      Bloomberg  -  104 words
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      425 13 ranq mahal RESTAURANTS We missed you and hope that you missed us too. The wait will not be long. We will unveil a whole new dining experience at Pan Pacific Marina, Singapore, at the end of the year. With love, Wing Mahal Celebrate Diwali with our new mitthai sweets collection
      425 words
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  • WORLD
    • Article
      Lock icon Construction of homes jumps to four-year high
      347 14 LATEST US DATA AP [WASHINGTON] US builders started construction on homes in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening and could help the economy grow. The Commerce Department said yesterday that builders broke
      AP  -  347 words
    • Article, Illustration
      Lock icon Citi chairman, board privately planned Pandit’s ouster: sources
      781 14  -  Frustration building over Fed dividend block, valuation of Morgan Stanley deal By JESSICA SILVER-GREENBERG SUSANNE CRAIG NYT [NEW YORK] Weeks before Vikram Pandit’s surprise resignation on Tuesday as chief executive of Citigroup, the banking giant’s powerful chairman, Michael E O’Neill, was privately
      NYT; PHOTO: REUTERS  -  781 words
    • Article, Illustration
      Lock icon Eurozone crisis takes its toll on German economy
      443 14 Growth is now seen slowing to 0.8% this year and 1% in 2013 Reuters [BERLIN] Two years after expanding at its fastest rate since reunification, Germany’s economic growth is seen at just one per cent next year, finally hit by the eurozone
      Reuters  -  443 words
    • Article
      Lock icon Australia’s Nine network reaches debt deal
      387 15 Agreement will wipe out owner CVC’s A$1.8b equity investment and will leave media firm debt-free Reuters [SYDNEY] Lenders of Nine Entertainment television network, owned by CVC Capital Partners Ltd, agreed to swap more than US$3 billion in debt for equity, giving US hedge funds
      Reuters  -  387 words
    • Article, Illustration
      Lock icon Manila tells miners to wait for changes in resources law
      316 15 Government seeking bigger share of mining revenue Bloomberg [MANILA] Xstrata plc and other miners seeking to operate in the Philippines must wait for a law that will give the government a bigger share of the nation’s natural resources, President Benigno
      Bloomberg  -  316 words
    • Article, Illustration
      Lock icon BRICS development bank closer to reality
      472 16 China may support move if rich nations slow to back shift in voting power at IMF Bloomberg [LONDON] Leaders from the world’s biggest emerging markets are moving closer towards establishing a development bank of their own, according to Goldman Sachs Asset Management chairman Jim
      Bloomberg; PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon Bank of America Q3 net falls 95% on settlements
      202 16 Bloomberg [NEW YORK] Bank of America, the second-largest US lender, said third-quarter profit dropped 95 per cent on litigation expenses and an accounting charge tied to the firm’s debt. Net income fell to US$340 million, or zero cents a diluted share,
      Bloomberg  -  202 words
    • Article
      Lock icon RBS exits British asset protection scheme
      465 16 AFP LONDON B r i t a i n s state-rescued Royal Bank of Scotland (RBS) said yesterday it will exit the government’s toxic-asset insurance scheme in a move hailed as a key step towards the lender’s return to the private sector. The bank,
      AFP  -  465 words
    • Article
      Lock icon UK regulator to clarify bank requirements
      468 16 Reuters [LONDON] UK banks may no longer be allowed to trim their capital reserves if doing so fails to increase lending in the struggling economy or undermines financial stability, Britain’s top banking regulator said yesterday. Andrew Bailey, head of prudential regulation at the Financial
      Reuters  -  468 words
    • Article, Illustration
      Lock icon Older workers in Europe retiring later
      513 17 Economic downturn, higher retirement ages induce them to stay longer Bloomberg [PARIS] Jean-Luc Guillaume always presumed he’d retire at about 60, just like his civil-servant father. One year from reaching that age, the biology researcher has no plans to stop working. Cutbacks to France’s
      Bloomberg; PHOTO: REUTERS  -  513 words
    • Article
      Lock icon Olympics help lift UK employment to a record level
      489 17 Unexpected drop in jobless-benefit claims in September Reuters Bloomberg, [LONDON] UK jobless claims unexpectedly fell in September and a wider measure of unemployment dropped to the lowest rate in more than a year as the London Olympics helped push employment to
      Reuters; Bloomberg,  -  489 words
    • Article
      Lock icon British MPs call for tax probe into Starbucks
      583 18 Report says firm told investors UK unit was profitable while telling taxman unit was lossmaking Reuters [LONDON] Starbucks may face an inquiry into its British tax affairs after a senior member of parliament called for an investigation into how the company could
      Reuters  -  583 words
    • Article, Illustration
      Lock icon Europe car sales set for 19-yr record plunge
      719 20 Market could fall 10% in 2012 worst since 1993 with deliveries in Sept down 11% Bloomberg [BRUSSELS] European car deliveries are heading for their biggest annual plunge in 19 years after the region’s deliveries tumbled 11 per cent in September. Registrations last
      Bloomberg; PHOTO: AP  -  719 words
    • Article
      Lock icon Facebook opens engineering centre in London
      296 20 UK team to work on mobile products, a priority for FB Reuters [LONDON] Facebook’s first engineering centre outside the United States opened in London on Tuesday, boosting the British government’s ambition to make the digital economy a central plank of its growth strategy. The
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      Lock icon Gillard makes dictionary redefine word
      378 20 Reuters [CANBERRA] A fiery speech against sexism by Australia’s first woman prime minister has prompted the textbook of Australian English to broaden the definition of “misogyny” to better fit the heated political debate raging Down Under. Prime Minister Julia Gillard last week used a parliamentary
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      1082 14 SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Consolidated Balance Sheets As of March 31 Mizuho Financial Group, Inc. Millions of Yen 2012 2011 Assets Cash and Due from Banks 7,278,477 9,950,913 Call Loans and Bills Purchased 249,032 375,716 Receivables under Resale Agreements 7,123,397 7,467,309 Guarantee Deposits Paid under Securities
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      413 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PYRAMID HILL PROPERTIES PTE LTD (Company Registration No. *****7622N) (IN VOLUNTARY LIQUIDATION) MEMBERS’ VOLUNTARY WINDING UP NOTICE is hereby given that at an Extraordinary General Meeting of the members of the abovenamed Company duly convened and
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      319 15 GAS GAS ASIA SUMMIT Conference and Networking Marina Bay Sands I Singapore 24-25 October 2012 A GASTECH REGIONAL EVENT Part of SINGAPORE INTERNATIONAL ENERGY WEEK 22 25 October 2012 The Role of Natural Gas LNG in the Race to Fuel Asia B.C. Tripathi Chairman Managing Director GAIL (India) Ltd S.
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      97 17 M IA/op* es WITH OUR DEBUT LISTING ON THE MAINBOARD OF THE SINGAPORE EXCHANGE 4KTRIYARDS li to. feast IS i a 5 mil -rn —i TRIYARDS provides distinctive engineering, design, fabrication and ship construction solutions for the offshore and marine industry. Our strong technological edge and dedicated teams enable us
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      2266 18 Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2012 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the nine months ended 30 September 2012: Third Quarter Nine Months
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      654 19 G AY L I N H O L D I N G S L I M I T E D (Company Registration No.: *****4068M) (Incorporated in the Republic of Singapore on 25 February 2010) Now! IPO Closes on 23 October 2012 at 10.00 a.m. Apply OFFERING IN RESPECT OF 110,000,000
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      83 20 HANDLE WITH CARE t jT HANDLE WITH CARE I andle with care HANDLE WITH CARE MORE THAN ENOUGH ROOM FOR FOREIGNERS. Log on to stproperty.sg for a wide array of rental, resale or new properties. For short-term or long-term stay, you will find your home away from home. A product
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  • AVIATION/SHIPPING
    • Article
      Lock icon Shipping eyes fuel efficiency and alternatives
      509 21  -  Mentality shift from high bunker prices and stricter sulphur limits in marine fuels By LYNN KAN [SINGAPORE] There will be a serious mentality shift in the bunkering and shipping industry towards fuel efficiency and alternative fuels such as liquefied natural gas (LNG), said participants
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      Lock icon Cebu Air eyes 33% of sales from long haul flights
      799 21 Bloomberg [MANILA] Cebu Air Inc, the Philippines’ biggest budget carrier, plans to get 33 per cent of sales from long-haul flights within five years as AirAsia Bhd and Tiger Airways Holdings Ltd challenge its grip on the domestic market. The
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    • Article
      Lock icon Life term for JFK drug-smuggling bag handler
      443 21 AP [NEW YORK] An airline baggage handler who was convicted of trafficking millions of dollars’ worth of drugs in the bellies of commercial jets was sentenced to life in prison on Tuesday, putting an emphatic stamp on a case that revealed rampant theft
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    • Article
      Lock icon Lloyds sells shipping loans at half-price
      791 21 Bank has to reduce US$12b exposure amid industry slump Reuters [LONDON] Lloyds Banking Group has taken a near 50 per cent loss on a portfolio of shipping loans as it struggles to reduce its US$12 billion exposure to an industry from which banks across
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      Lock icon TRANSPORT STOCKS
      257 21 SGX '000 Oct 17 S$ +/-Vol CH Offshore 0.53 0.01 844 Chuan Hup Hldg 0.27 unch 142 Cosco Corp 0.92 unch 7318 Oct 17 s$ First Ship Lea 0.12 unch 944 Freight Links 0.07 unch 544 Grand Banks unch unch 0 Jaya Hold Ltd 0.58 0.01 386 K1Ventures
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      Lock icon The Business Times Shipping Times
      1953 24 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
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      30 21 LEAP OF FAITH Indranee Rajah joins the Cabinet on Nov 1 ALIA BHATT NOT TO RIDE ON DAD’S NAME GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • Page 21 Miscellaneous
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      312 21 CRYPTIC CROSSWORD Across 4 By end of over I had ball causing dismissal (8) 8 Dolly has heart turned by regular customer (6) 9 Area of beauty can produce moist eye (8) 10 Church built initially with a quartz material (8) 11 Suffering two low grades in examination (6) 12
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  • EDITORIAL & OPINION
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      Lock icon A boost for Singapore’s data hub dreams
      471 22 EDITORIAL THE new data protection Bill, which will come into effect in January, is a welcome effort in ensuring individuals’ data privacy and bringing Singapore laws in line with those in the developed world, particularly in Europe. The Bill will include the Do
      471 words
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      Lock icon When finance leaders can’t decide, a little jolt might help
      822 22  - When finance leaders can’t decide a little jolt might help THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent HALF way through a BBC World Debate beamed around the world last week from the IMF and World Bank annual meetings at the Tokyo International Forum, the picture on external TV monitors began
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      Lock icon Globalisation on the verge of collapsing
      1053 22  -  Despite its flaws, the system was a wealth creator; now there’s no replacement in sight By DAVID M SMICK The writer, a global macroeconomic adviser, is founder and editor of ‘The International Economy’ magazine and author of ‘The World Is Curved: Hidden Dangers to
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      Lock icon Outlook for Asia not so rosy, says IMF
      1002 23  - Outlook for Asia not so rosy says IMF Singapore on right track in focusing on boosting productivity and dealing with issues of an ageing population By ANOOP SINGH The writer is director, Asia and Pacific department, International Monetary Fund THE past few months have been difficult ones for the global
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      Lock icon Many reasons behind Europe’s fracking hesitancy
      758 23  -  DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate [BRUSSELS] THE global energy community is abuzz with excitement about hydraulic fracturing, or “fracking”, a newish technology that has opened formerly inaccessible reserves of gas trapped in underground shale
      Project Syndicate  -  758 words
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      34 24 PLACE YOUR AD HERE The Business Times Shippiim CALL JOE wor G TIMES IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      32 24 Experienced $h/p maintenance M you y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES I III. UUJIIVLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3135 25 Transaction date: Oct 17 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 Day Last Quote (’000) High Low Buyer Seller 148.5 92.5 AIMSAMPIReit 148 +0.5 222 148.5 147
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      Lock icon SGX CATALIST
      210 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 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 19
      210 words
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      Lock icon UNIT TRUST & FUNDS
      8356 26 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 0.9773/ China Opportunities 6739/ EM Local Ccy Bond 0.959?/
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      Lock icon GLOBALQUOTE
      189 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US32 unch 897 32.5 32 32 32.5 2107 Sale 228 169 TanChongInt HK215 215 219 4.3 3.3 7.2 4329.9 STOCK PRICES
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      Lock icon SGX ETF
      951 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 120 10 120 120 118.5 120.1 547.8 128.5 120.4 CIMB APAC Div 100S$D 128.5 126.7 127.6 103.8 95.8 CIMB APAC
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      638 27 Oct 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8777.39 8837.19 8758.70 Dec12 8700.00 8850.00 8690.00 8815.00 ***** *****8 Mar13 8745.00 8815.00 8745.00 8800.00 108 1754 MSCI TAIWAN INDEX FUTURES SPOT 267.46 268.11 265.40 Oct12 265.30 268.00 264.70 265.00 ***** *****2 Nov12 264.90
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 16 Index Change Change Change Change Change Change World Preliminary 927.1 1.1 11.7 1.0 5.7 1.2 12.3 EAFE Preliminary 737.2 1.3 8.1 1.5 2.7 1.6 9.1 Europe Preliminary 1126.2 1.5 9.7
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      Lock icon SMX MARKET UPDATE
      94 27 As on 16 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1746.70 1738.40 1746.20 INDIA GOLD (E-GOLD) FUT DEC2012 584.00 580.85 585.65 CURRENCY EUR-USD FUT DEC2012 1.3065 1.2965 1.3052 BASE METAL COPPER FUT DEC2012 8206 8162 8156 INDEX IRON ORE (MBIO) IDX
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      Lock icon CHICAGO BOT
      107 27 Oct 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1493.75 1492.50 1514.75 1491.50 Jan 13 1492.75 1491.75 1513.50 1490.50 Mar 13 1468.75 1466.00 1487.75 1466.00 May 13 1432.75 1428.25 1448.75 1430 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.47
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Oct 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.05 0.64 WTI (Near Mth) 91.98 0.2 Dubai (1-Mth F) 110.87 0.76 Tapis blend 119.6 0.29 Minas 114.75 0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107 0.94 Jet Kerosene 132.56 0.11 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Oct 17 S$ Bid Offer 1-month 1.2172 1.2180 2-months 1.2172 1.2180 3-months 1.2171 1.2180 6-months 1.2166 1.2175 Source: OCBC
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      Lock icon LONDON METALS
      64 27 Oct 16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1929.75 1935.20 3 months 1957.00 1963.00 Copper, Grade A(US$/tonne) Cash 8122.00 8095.50 3 months 8125.00 8094.50 Lead(US$/tonne) Cash 2106.00 2100.00 3 months 2113.50 2106.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon LIFFE
      80 27 Oct 16 COCOA (£/tonne) Close Prev High/Low Dec 12 1550 1514 1554/1522 Mar 13 1557 1523 1560/1530 May 13 1566 1532 1570/1542 Jul 13 1573 1540 1576/1559 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2039 2036 2043/2022 Jan 13 2065 2064 2069/2051 Mar 13 2082 2082 2088/2070 May 13 2095
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      885 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.4 -0.1 222 1 32 -2 82.50 1 Price Best World Intl Ltd W*****5 0.3 1
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      Lock icon INTERBANK CROSS RATES
      470 27 Oct 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 6.453 0.787 7.997 54.507 98.884 0.813 11.401 3.134 1.263 98.419 42.509 1.256 8.966 0.953 30.149 31.610 0.640 1.032 Canada 0.983 6.342
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      Lock icon SIBOR
      60 27 Oct 17 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates 1 yr
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      Lock icon PRECIOUS METALS
      134 27 Oct 17 GOLD(US$/oz) Oct 17 Oct 16 Hong Kong 1756.20 1751.00 Oct 16 Oct 15 London 1743.90 1733.94 1744.65 1734.80 Source: Thomson Reuters CAST BAR Oct 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 68 5gm 437 342 10gm 780 685
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      Lock icon GOVERNMENT SECURITIES
      92 27 Oct 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-Jan-13 0.24 6-Month BS*****N 18-Apr-13 0.27 0.25 0.25 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 102.20 102.20 5-Year
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    • Article
      Lock icon PALM OIL
      57 27 Oct 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2402.0 2397.0 2402.0 2386.0 204 6877 Dec 12 2452.0 2435.0 2455.0 2423.0 7861 ***** Jan 13 2479.0 2466.0 2489.0 2456.0 ***** ***** Feb 13 2506.0 2495.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Oct 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2554 1.2569 1.0314 1.0319 Canadian dollar 1.2337 1.2350 1.0140 1.0136 Euro 1.5951 1.5964 1.3105 1.3107 NZ dollar 0.9940 0.9951 0.8166 0.8170 Sterling pound 1.9626 1.9643 1.6124 1.6127
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      Lock icon FOREIGN CURRENCY NOTE RATES
      123 27 As at 9am Oct 17 Oct 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.286 1.225 Can dollar 1.265 1.205 Euro 1.633 1.556 Sterling pound 2.003 1.926 NZ dollar 1.029 0.971 US dollar 1.243 1.184 Local dollars to 100 units
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    • Article
      Lock icon INTERBANK RATES
      154 27 Oct 17 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.22 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
      154 words
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      80 28 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q
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  • PROPERTY
    • Article, Illustration
      Lock icon Investors see London homes as safe haven
      808 29  -  Attraction for homebuyers is the city’s pure investment potential By YOLANDE BARNES The writer is director, at Savills Global Research LONDON has one of the world’s most established residential real estate markets and has long attracted international owner-occupi-ers and investment buyers. World volatility
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    • Article
      Lock icon Househunt
      753 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN SEPT 19 AND SEPT 25, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/09/2012 99 1055 2056 1949 V On Shenton Apt
      753 words
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      Lock icon Dutch pension fund bets on downtown stores
      601 30 Retail yielded 7.6% returns last year, the highest in Dutch commercial market Bloomberg [LONDON] The manager of the world’s third-largest pension fund increased its investments in Dutch city centre stores after retail properties beat other types of commercial real estate in the Netherlands
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      Lock icon Bungalow plot in Chee Hoon Ave up for sale
      293 31  -  By ZEINAB YUSUF SAIWALLA A 14,000-square-foot bungalow plot in Chee Hoon Avenue has been offered for sale by public tender with an indicative asking price of between $20.5 million and $21.5 million. This translates to $1,454 to $1,525 per square foot
      293 words
    • Article
      Lock icon Buyers in Asian cities more open to shoebox units
      572 31  -  These apartments command higher per sq ft values in Singapore By MINDY TAN PROPERTY buyers in Asian cities such as Hong Kong, Singapore and Japan have been quicker to embrace designer shoebox apartments than their counterparts in old-world cities such as
      572 words
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      Lock icon Blackstone venture to sell senior housing to HCP
      308 31 Bloomberg [CHICAGO] A Blackstone Group LP fund and Emeritus Corp agreed to sell a group of senior housing properties to HCP Inc for US$1.73 billion, the largest deal for a health-care real estate investment trust this year. Blackstone Real Estate Partners VI
      Bloomberg  -  308 words
    • Article
      Lock icon Accor reports slower growth for third-quarter revenue
      235 31 Reuters [PARIS] Revenue growth at Accor, Europe’s largest hotel group, has slowed in the third quarter as tough business conditions worsened in recession-hit southern Europe. The French company, with more than 4,400 hotels ranging from the luxury Sofitel to the budget Ibis chains,
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    • Article
      Lock icon Sentiment improving for strata shops, offices
      899 32  -  Those buying completed units more likely to have mid to long-term outlook By KALPANA RASHIWALA CLOSE to $1.3 billion of strata retail units have changed hands so far this year, almost double last year’s $685 million. As for strata office deals, the figure has
      899 words
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      Lock icon Yields on Athens prime commercial property up sharply
      494 32 Prime-office vacancy rates double to 16%; rents decline Bloomberg [MADRID] Yields on Athens prime commercial property climbed this year as pessimism over Greece’s economy and the prospect of banks selling assets depressed real estate values, according to Colliers International. Yields on the
      Bloomberg  -  494 words
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      110 29 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units
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      97 29 ((0)) 0N s esLang centrally located Real value in a changing world FACTORY BUILDING NEAR MRT Land Area 45,223 sqft Gross Floor Area: 79,089 sqft Business 1, Plot Ratio 2.5 Warehouse with offices. Suitable for Corporate SME Naming rights Prominent and wide frontage Conveniently located near to Boon Keng MRT
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      119 29 PASIR PANJANG ROAD FREEHOLD INDUSTRIAL STRATA SPACE FOR SALE 89% ownership of 8-storey Freehold industrial building Strata Area for sale approx. 50,489 sq ft Approx. 600m to Pasir Panjang MRT and approx. 1 km to Labrador Park MRT Approx. 900m to Alexandra Retail Centre and approx. 7 mins drive to
      119 words
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      299 30 INVESTMENT OPPORTUNITIES SHWE TAUNG Development Co., Ltd Myanmar Inspiring lives with responsible investment and sustainable development Join us for an exclusive preview Venue: Hilton Hotel, Singapore, Vista Room (3rd Floor) Date Time: 27th Oct 2012, 2pm 8pm 28th Oct 2012, 10am 8pm &CLUSSVE PRPWBIV si” a in si 9| ■IB
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      Lock icon Page 30 Advertisements Column 2
      147 30 CHEE HOON AVENUE GCBA FREEHOLD BUNGALOW FOR SALE BY TENDER Land Size: 14,093 sqft (approx)/ Built Up: 9,000 sqft (approx) Modern Distinctive 2-Storey Freehold Bungalow withAttic Spacious 8 bedrooms with En Suite Bathrooms NGHS NJC RGPS DUNEARN RD RD RD BT TIMAH RD PLEASANT SUBJECT SITE Walking distance to CCL
      147 words
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      227 31 iffm Jones Lang WJ LaSalle Real value in a changing world Credo FOR SALE BY PUBLIC TENDER 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
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      139 31 SHOPHOUSE INVESTMENT OPPORTUNITY j ii 2-storey shophouse investment opportunity Located along Jalan Kuras Freehold Approximately 1 km to upcoming Sin Ming MRT Station (Thomson Line) Residential with commercial at 1 st Storey Total NLA: Approx. 6,000 sq ft 100% occupancy Contact: Investment Properties Emile Reis (Mr) (cea Reg. No.: roosqooh)
      139 words
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      426 31 Exclusive London Apartments www.col liersresidential .com/4018 LONDON BRIDGE QUARTER THE SHARD LONDON BANK OF THE ENGLAND MONUMENT MORE LONDON THE FINANCIAL HEART OF THE CITY STATION i'; iTi V R rT Prices from £450 000 m EXHIBITION THE ARC TOWER BRIDGE SE1 New 1, 2 3 bedroom apartments and penthouses
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      43 32 r 4'A 5-;,. tfaitl -7 4*>v* >;■ io r' t'v 'f />< S3* sr- v BLV> Vrr- •W?/’ xV v^r r m 8 y 4.. Some stars show you the way. Muhammad Ali and a rising star. Phoenix, Arizona. Follow him on louisvuittonjourneys.com/thegreatest LOUIS VUITTON
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