The Business Times, 25 October 2012

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Microfilm: NL32265
Total Pages: 36
1 38 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, October 25, 2012
    25 words
  • Article, Illustration
    Lock icon Bullish SIA spreads wings to shop for 25 new planes
    655 1  -  Order for A380s and A350s will keep its fleet young and renew focus on its long-haul operations By VEN SREENIVASAN [SINGAPORE] If you thought Singapore Airlines was scaling back long-haul operations to focus on just regional routes, think again. The
    ST FILE PHOTO  -  655 words
  • Article, Illustration
    Lock icon Sponsor pulls the plug on Dynasty Reit listing
    927 1  -  ARA cites poor market sentiment for suspending the much-hyped IPO By ONG CHOR HAO [SINGAPORE] What was tipped to be Singapore’s largest initial public offering (IPO) of the year, and the first renminbi-denomi-nated listing on the Singapore Exchange (SGX), has fallen on
    927 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,044.73 (-6.20) HST INDEX FUTURES 3,044.00 (-6.00) HSIMSCI 346.18 (-1.82) HSIMSCI FUTURES 346.30 (-1.30) US$ S$ US$ (S$ per US$) 1.224 (US$/S$ per 1.597 1.954 EURO (US$/S$/€) 1.294 1.584 Foreign currency per US$ S$ YEN 79.80 65.20 RM 3.059 2.500 HK$ 7.751 6.333 BAHT 30.77 25.14 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,667.99 +3.09 NIKKEI 225 8,954.30 -59.95 HANG SENG 21,763.78 +66.23 SET INDEX 1,295.00 -15.42 JAKARTA COMP 4,335.38 +5.23 MANILA COMP 5,398.69 -33.63 SEOUL COMP 1,913.96 -12.85 SHENZHEN B 602.31 +2.37 MUMBAI IND Closed 12 noon EDT Change DOW 13,108.90 +6.37 NASDAQ 2,982.71 -7.76
      48 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.282 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      559 2 Bullish SIA spreads wings to shop for 25 new planes IF you thought Singapore Airlines was scaling back long-haul operations to focus on just regional routes, think again. The company yesterday announced it was ordering five more Airbus A380s and 20 more A350s for additional capacity growth and
      559 words
    • Article, Illustration
      Lock icon Apple bridges iPad, iPhone with mini tablet
      787 2  -  All three telcos here set to sell the 7.9-inch iPad mini and the new iPad By CHRISTOPHER LIM JOYCE HOOI in San Jose, California, in Singapore ALL three telcos will start selling the iPad mini and fourth-generation iPad in the coming weeks. While
      PHOTO: AFP  -  787 words
    • Article, Illustration
      Lock icon ‘President Mitt Romney, meet Vice-President Joe Biden’
      889 4  -  If there’s a tie in Electoral College votes, Congress gets to make the call By LEON HADAR in Washington “LADIES and gentlemen, please welcome President Mitt Romney and Vice-Pres-ident Joe Biden!” Sounds weird? Well, weird may not be so weird in this US
      PHOTO: REUTERS  -  889 words
    • Article
      Lock icon HK sells HK$ 14.4b to defend peg against US dollar
      557 4 QE3-fuelled capital inflows spark fears over inflation Reuters [HONG KONG] The Hong Kong Monetary Authority (HKMA) has intervened in the currency market four times since Oct 19, selling a total of HK$14.4 billion (S$2.27 billion) of Hong Kong dollars to
      Reuters  -  557 words
    • Article
      Lock icon Private bankers urge move to fee-based model
      638 4  -  Prospects in Asia bright but margins crimped, they say By TEH SHI NING [SINGAPORE] Private banks in Asia may need to shift to a fee-based model as margins continue to come under pressure and a lack of quality talent drives costs higher, panellists
      638 words
    • Article
      Lock icon Turnaround sign as HSBC China PMI hits 3-mth high
      790 4 Reuters [BEIJING] China’s manufacturers saw growth shrink for a 12th successive month in October, but output at a three-month high and the most robust order books since April signal a strengthening recovery, preliminary results of a purchasing managers survey show. The
      Reuters  -  790 words
    • Article
      Lock icon Japan confirms discussions with China over Senkaku row
      520 4  -  Tokyo protests visit by S Korean MPs to other islands: report By ANTHONY ROWLEY in Tokyo JAPAN confirmed yesterday that several of its senior diplomats recently met their Chinese counterparts to discuss a dispute between the two countries over the Senkaku Islands
      520 words
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      143 words
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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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      109 words
  • COMPANY NEWS
    • Article
      Lock icon Croesus Retail Trust plans Singapore IPO
      297 6  -  Trust, focused on Japanese property, may raise as much as $800m: sources By MINDY TAN JAPAN-FOCUSED Croesus Retail Trust (CRT) is looking to raise up to $800 million through a listing on the Singapore Exchange, banking sources said yesterday. CRT will own seven completed
      297 words
    • Article
      Lock icon CapitaLand launches first value housing PE fund
      273 6  -  By CARINE LEE CAPITALAND Ltd has established its first value housing private equity (PE) fund, which will invest primarily in value housing developments in China. “The fund offers investors an opportunity to gain exposure to the value housing segment in China,” said CapitaLand
      273 words
    • Article, Illustration
      Lock icon Boustead puts $20m into Beijing Tongzhou project
      259 6  -  By EMILYN YAP BOUSTEAD Singapore has joined a consortium developing a mixed-use project in Beijing’s Tongzhou district and will invest $20.13 million in the venture. This marks Boustead’s first foray into commercial and retail developments in China, and the engineering services firm will
      259 words
    • Article
      Lock icon Sheng Siong Group posts Q3 earnings of $9.81m
      390 6  -  Profit up 48% from year ago which saw $1.8m IPO expenses By MINDY TAN SHENG Siong Group posted a third-quarter net profit of $9.81 million, up 48.1 per cent from the preceding corresponding period’s $6.63 million, which took into account one-off initial
      390 words
    • Article
      Lock icon HPH Trust’s Q3 profit falls 15% to HK$602m
      424 11  -  Takings fall short of expectations; revenue up marginally By LYNN KAN SOFTER than expected throughput at Hutchison Port Holdings (HPH) Trust’s port assets affected its third-quarter showing. HPH Trust generated profit attributable to unitholders of HK$602 million (S$95 million) during July-September 2012,
      424 words
    • Article
      Lock icon Cache Logistics Trust Q3 DPU up 2.3%
      342 11  -  By CARINE LEE CACHE Logistics Trust yesterday posted third-quarter distribution per unit (DPU) of 2.14 cents, a 2.3 per cent improvement from 2.09 cents a year ago. This represents an annualised distribution yield of 6.8 per cent based on the unit’s closing price
      342 words
    • Article
      Lock icon AA Reit posts DPU of 2.5 cents for Q2
      365 11  -  By ANGELA TENG AIMS AMP Capital Industrial Reit (AA Reit) has maintained its distribution per unit (DPU) at 2.5 cents for its financial second quarter ended Sept 30, 2012. Distributable income for the quarter was $11.34 million, down 5.4 per cent
      365 words
    • Article
      Lock icon DeClout shares up 12% in trading debut
      586 12  -  Technology services provider traded at 27¢-30.5¢ before closing at 28¢ By LEE MEIXIAN SHARES of market debutant DeClout Ltd closed at 28 Singapore cents apiece on the first day of trading, 12 per cent above the initial public offer (IPO) price of 25
      586 words
    • Article, Illustration
      Lock icon GIC investing in San Francisco office tower: source
      770 12 Bloomberg [SAN FRANCISCO] Government of Singapore Investment Corp (GIC) is investing in a 30-year-old San Francisco office tower that’s valued at about US$900 million, according to one person with direct knowledge of the transaction. GIC, as the Singapore sovereign wealth fund is
      Bloomberg; Compiled by BT  -  770 words
    • COMPANY BRIEFS
      • Article
        Lock icon ThaiBev shareholders OK F&N investment
        40 12 SHAREHOLDERS of Thai Beverage Public Co yesterday retroactively approved the Thai brewer’s July purchase of a 22 per cent stake in Singapore conglomerate Fraser Neave from OCBC Bank, Great Eastern Holdings and Lee Rubber Co.
        40 words
      • Article
        Lock icon First Reit posts DPU of 1.68 cents for Q3
        78 12 FIRST Real Estate Investment Trust has posted distribution per unit (DPU) of 1.68 cents for the third quarter ended Sept 30, 2012, down 12.5 per cent year on year. Distributable amount also slipped 12.1 per cent to $10.6 million. The decline
        78 words
      • Article
        Lock icon Gaylin IPO shares 5.5 times subscribed
        37 12 GAYLIN Holdings Limited saw its initial public offering of 110 million new shares priced at 35 cents apiece about 5.5 times subscribed. Trading on the mainboard is expected to begin today.
        37 words
      • Article
        Lock icon CapLand’s CEO-to-be on CMA board
        30 12 CAPITAMALLS Asia Limited gets Lim Ming Yan, the incoming CEO and president of CapitaLand Group, as a non-independent non-executive director on its board from today.
        30 words
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      106 7 Celebrating five years of the A380. Today five years ago Singapore Airlines became the first to fly the world’s largest passenger aircraft. This milestone ushered in a new way of flying, offering more comfort and space for passengers and unrivalled efficiency for airlines. All with less impact on the environment.
      106 words
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      159 8 / 9 8 cylinders for maximum performance. 4 cylinders for minimum consumption. The new Audi S8 with cylinder on demand. Passion re-engineered. Passion meets sophistication in the new Audi S8 with cylinder on demand technology, giving you power to decide between 8 or 4 of the V8 TFSI® engine’s cylinders. 8-speed tiptronic
      159 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Calm returns after jitters over Dow
      574 10  -  Market opens on bearish note following Wall Street plunge but positive newsflows on China soothe nerves STOCKS VEN SREENIVASAN Senior Correspondent ONE of the sharpest plunges by the Dow Jones index following poor earnings results by leading chemical and commodities players sent Asian stocks
      Source: Bloomberg  -  574 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 4 0 0 0 3 9 4 Manufacturing 40 51 39 6 3 12 46 54 51 Commerce 11 25 23 3 7 1 14 32 24 Tpt/Stor/Comms 12 13 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,697 13,697 67,282 67,282 Manufacturing 247,970 29,650 277,620 234,390 577 234,966 Commerce 106,094 1,973 108,067 97,657 224 97,880 Tpt/Stor/Comms 90,453 25,393 115,846 149,057 7,817 156,874 Finance 14,305 226 14,531 117,199 97 117,296 Construction 31,576 1,874
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 10 Stock name Close Change CapMallsAsia 1.770 -0.030 CapitaLand 3.280 -0.010 CapitaMall 2.150 +0.010 CityDev 11.450 -0.120 ComfortDelGro 1.610 -0.010 DBS Grp 13.990 -0.070 F&N 9.200 -0.060 GLP 2.540 -0.010 Genting SP 1.315 -0.005 Golden Agri 0.635 -0.010 HK Land 6.140 +0.170 IHH Healthcare 1.290 -0.005 JMH
      113 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 Oct 24 VALUE CLOSE BT OB/OS -172.00 +49.00 BT CADI -*****.00 -85.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 748.54 -2.04 FTSE ST Small Cap 493.38 -1.09 FTSE ST All Share 746.48 -1.62 FTSE ST China Top 201.15 -0.21 FTSE ST China 220.67 +1.21 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME Thai Beverage 71,485,000 Golden Agri 70,505,000 Declout 50,100,000 Transcu Grp 39,082,000 AusGroup 34,342,000 HPH Trust US$ 27,742,000 Geo Energy 26,410,000 Sky One 23,409,000 Oceanus 23,072,000 SingXpress 20,220,000 VALUE($) F&N 71,767,680 SingTel 61,311,960 Golden Agri 45,343,895 DBS Grp 42,693,450 Keppel Corp 42,513,920 CapitaLand 33,840,730 Thai Beverage 31,606,265
      58 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      914 10  -  Compiled by JOYCE HOOI CapitaRetail China Trust Oct 24 close: $1.64 DBS GROUP RESEARCH, Oct 24 IN-LINE results. CapitaRetail China Trust’s (CRCT) distribution per unit (DPU) for Q3 came in at 2.42 cents representing an increase of 14.2 per cent y-o-y. Nine-month DPU makes up 77 per cent
      Source: Bloomberg  -  914 words
    • Article, Illustration
      Lock icon Asian units weaken on Europe concern
      499 10 CURRENCIES Bloomberg [SINGAPORE] Asian currencies weakened, led by the Philippine peso, as concern Europe’s debt crisis will worsen damped the export outlook and curbed demand for riskier assets. Asian stocks fell for a fourth day after Greek Prime Minister Antonis Samaras faced opposition from
      Bloomberg; PHOTO: AFP  -  499 words
    • Article
      Lock icon RISES
      114 10 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 461.3 1.6 DBXT DBCBDJUBS 10US$ 3327 412.4 11.3 DBXT iBoxxKR 5US$ ***** 312.0 1.9 DBXT AUDCS 5AU$ ***** 50.5 0.2 JSH 3529 46.5 1.1 DBXT S&P Short 10US$ 3558 24.5 0.6 JMH 6170 24.5 0.3 HK Land 614 20.8 2.8 DBS
      114 words
    • Article
      Lock icon FALLS
      130 10 BY CENTS CLOSE DOWN IS S&P500 ***** -506.6 -2.8 DBXT AUDCS 5SG$ ***** -354.0 -1.3 DBXT AUD Bonds 5AU$ ***** -194.3 -0.8 Jardine C&C 5052 -148.0 -2.8 GLD 10US$ ***** -106.5 -0.5 DBXT SORA 5SG$ ***** -95.6 -0.6 DBXT MSKorea 10US$ 5580 -73.4 -1.1 DBXT Nifty 10US$ ***** -66.1
      130 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Singapore building fourth LNG tank on Jurong Island
      609 13  -  When completed in 2016-17, then the terminal will be able to handle 9m tpa By RONNIE LIM IN anticipation of fast growth in the liquefied natural gas market, Singapore has decided to go ahead and build a fourth tank costing a further
      609 words
    • Article
      Lock icon 10 start-ups get $17m from Spring Seeds
      392 13  -  Amount so far this year surpasses $8m pumped into 6 firms last year By FELDA CHAY A GOVERNMENT scheme that gives budding entrepreneurs vital funding has provided a total of $17 million to 10 local start-ups so far this year, to help them
      392 words
    • Article, Illustration
      Lock icon Solar source can fill just 10% of our power needs
      712 13  -  By LYNN KAN SOLAR electricity in Singapore this past month reached grid parity where electricity generated by photovoltaics (PVs) costs the same as power from the grid but solar-derived electricity will form at most only 10 per cent of our
      712 words
    • Article, Illustration
      Lock icon Sofitel delays hotel opening
      438 14  -  Its So hotel on Robinson Road will open in Q2 next year instead of Q1 By ONG CHOR HAO THE opening date for Singapore’s first Sofitel hotel has been pushed back to the second quarter of next year, but the parent group said its plan to
      438 words
    • Article
      Lock icon Ex-director loses appeal on payments to wife
      898 14  -  By GRACE LEONG A FORMER director of Panweld Trading Pte Ltd lost his appeal against a High Court ruling that held both him and his wife liable to the company for putting her on the payroll for 17 years even though she wasn’t
      898 words
    • Article
      Lock icon Indians honoured for their enterprising spirit
      396 14  -  By ZEINAB YUSUF SAIWALLA AFTER getting retrenched in 2008 from a semiconductor company during the global financial crisis, engineer Kunasegar Raman was at a loss as to what to do next. When he had difficulty in finding a job, Mr Raman decided to put
      396 words
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      222 words
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  • FINANCIAL LEADERSHIP
    • Article, Illustration
      Lock icon Thrust to the forefront of business
      1759 15  -  Finance executives no longer belong to the back office: they now have to take on even greater responsibilities, reports LYNN KAN reportsLYNN LYNN KAN TO finance executives everywhere: the days of being known as part of the “back office” are over. Increasingly, the finance
      1,759 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Fund managers stay bullish on M’sia telcos
      751 16 Valuations at record, but shares pay biggest dividends of nine industries Bloomberg [KUALA LUMPUR] Investor demand for bigger dividends and smaller stock swings has pushed Malaysian telecommunications shares to record valuations and convinced at least one of the nation’s top-ranked fund managers the
      Bloomberg; PHOTO: BLOOMBERG  -  751 words
    • Article
      Lock icon Indonesia leaves door open to fuel price rise
      354 16 Reuters [JAKARTA] Indonesia’s Parliament approved the government’s 2013 budget plans on Tuesday and left open the possibility of a fuel price hike next year. The approved budget document for next year, seen by Reuters, appears to allow the government to change the
      Reuters  -  354 words
    • Article
      Lock icon Bear hug in palm market easing as output declines
      489 16 Sime expects prices to hit RM3,100 a tonne by end of H1 Bloomberg [KUALA LUMPUR] The six-month bear market in palm may be ending as declining output in Malaysia curbs a record glut, with Sime Darby Bhd, the largest producer, forecasting
      Bloomberg  -  489 words
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      130 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Lockheed may offer India a mixed helicopter offering
      316 17 Bloomberg [LONDON] Lockheed Martin Corp said it may offer India a mixed helicopter offering as it competes for an order for more than US$2 billion worth of maritime aircraft. Lockheed, based in Bethesda, Maryland, and United Technologies Corp’s Sikorsky are trying to
      Bloomberg  -  316 words
    • Article
      Lock icon Nevada struggles with dark side of Macau casinos’ growth
      809 17 Reuters [MACAU] The only place in China where gambling is legal, Macau opened its doors to Western casinos nearly a decade ago. Sands, Wynn and MGM all plunged in, and soon found themselves in close association with junket operators middlemen who
      Reuters  -  809 words
    • Article, Illustration
      Lock icon Huawei moves to allay fears of security threat
      648 17 It offers to set up cyber security centre in Australia to address concerns Reuters [CANBERRA] Chinese telecoms equipment firm Huawei Technologies, labelled a spying threat by US lawmakers, offered to set up a cyber security centre in Australia to help address concerns
      Reuters; PHOTO: REUTERS  -  648 words
    • Article, Illustration
      Lock icon RMB could be internationalised by 2015: RBS
      646 17  -  China seen seeking currency’s inclusion in IMF’s SDR basket By SIOW LI SEN [SINGAPORE] China could internationalise its currency by 2015, said Chia Woon Khien, Royal Bank of Scotland (RBS) head of local markets strategy, emerging Asia. Although RBS expects the renminbi to
      REUTERS FILE PHOTO  -  646 words
    • Article
      Lock icon China pips US in drawing foreign direct investment
      374 17 Globally, H1 volume is down 8% at US$668b: Unctad Reuters [BEIJING] China overtook the US as the world’s top destination for foreign direct investment (FDI) in the first half of 2012, according to the United Nations Conference on Trade and Development (Unctad).
      Reuters  -  374 words
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      614 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie inflation up on rising electricity prices
      469 18 Impact of pollution tax well within our expectations: Swan AFP [SYDNEY] Australian inflation came in ahead of forecasts yesterday, rising a seasonally adjusted 1.2 per cent in the September quarter as electricity prices jumped following the introduction of a pollution tax. The Australian
      AFP; REUTERS FILE PHOTO  -  469 words
    • Article
      Lock icon Cost of studying at US universities rises over 4%
      373 18 Bloomberg [BOSTON] Tuition and fees at US public universities rose 4.8 per cent this year to an average US$8,655, as the smallest increase in 12 years still outpaced inflation, a College Board report found. “It’s an improvement in a bad story,”
      Bloomberg  -  373 words
    • Article
      Lock icon Manufacturing, services output in eurozone falls
      607 18 German business confidence also down to 21/2-year low in October Bloomberg [ZURICH] Euro-area services and manufacturing output contracted more than economists forecast in October, suggesting the economy may struggle to regain strength as governments toughen spending cuts to contain the debt crisis. A composite
      Bloomberg  -  607 words
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      87 18 Ti AS OUR DISPLAYS HOLD YOUR ATTENTION, LET OUR MUSIC MOVE YOUR FEET. Luxury isn't replacing elevator music with a jazz quartet. It's keeping you upbeat as you wait for a friend who's been running late for the last three songs. Music EnVogue: Jaime de Jesus Martinez Miranda 25 29
      87 words
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  • WORLD
    • Article, Illustration
      Lock icon Thai rice exports seen falling by half
      706 19 Blame falls on govt scheme to buy stock from farmers at 50% above market price AFP [BANGKOK] Thailand’s status as the world’s top rice exporter is under threat from a controversial scheme to boost farmer incomes that has resulted in a growing mountain
      AFP; PHOTO: AFP  -  706 words
    • Article
      Lock icon US consumer agency to supervise debt collectors
      351 19 Reuters [WASHINGTON] The US consumer agency will begin closely supervising about 175 debt collectors for the first time starting in January, widening the new watchdog’s oversight of consumer lending. The Consumer Financial Protection Bureau (CFPB) said yesterday it had finalised plans to oversee
      Reuters  -  351 words
    • Article
      Lock icon Volvo Q3 profit plunges more than expected
      465 19 64% drop sparks biggest fall in share price in 14 months Bloomberg [STOCKHOLM] Volvo AB, the world’s second-largest truckmaker, reported third-quarter profit that missed analysts’ estimates as sales dropped in South America and Asia, and it incurred costs for shutting a production line.
      Bloomberg  -  465 words
    • Article, Illustration
      Lock icon Facebook springs mobile ads surprise
      866 20 Segment’s revenues jump to US$150m in Q3; shares surge almost 13% Reuters [SAN FRANCISCO] Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world’s No 1 social network nearly 13 per cent higher.
      Reuters; PHOTO: AFP  -  866 words
    • Article, Illustration
      Lock icon Nokia rests future on smartphone aimed at emerging markets
      530 20 NYT [BERLIN] Nokia, struggling to regain traction with its make-or-break line of Windows smartphones, has introduced a moderately priced, Internet-ready model targeted at emerging markets around the world. Nokia said on Tuesday that the new smartphone, the Lumia 510, would cost
      NYT; PHOTO: AFP  -  530 words
    • Article
      Lock icon Dow Chemical to slash jobs, close plants to cut costs
      387 20 The Washington Post [HOUSTON] Dow Chemical, the largest US chemical maker by sales, will cut about 2,400 jobs and shut 20 manufacturing plants to reduce annual costs by US$500 million in the face of slow global economic growth. The facilities
      The Washington Post  -  387 words
    • Article
      Lock icon Magnate threatens to oust most of Whitehaven board
      598 20 Nathan Tinkler presses firm for earnings update ahead of annual meeting Reuters [MELBOURNE] Mining magnate Nathan Tinkler has threatened to use his voting power to oust most of the board of Whitehaven Coal, pressing it for a detailed earnings update ahead of
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      Lock icon US agency rescinds patent for Apple’s ‘rubber-banding’
      559 21 Move may be used to roll back the over US$1 b in damages Samsung has to pay NYT [NEW YORK] The US Patent and Trademark Office has decided that one of the smartphone patents at the centre of the legal dispute between Apple
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    • Article
      Lock icon Peugeot gets government backing as crisis deepens
      533 21 Reuters [PARIS] PSA Peugeot Citroen unveiled a govern-ment-backed refinancing deal for its lending arm as the struggling French automaker’s financial position deteriorated further, sending its stock to historic lows. Europe’s second-biggest automaker said it was close to an agreement with creditor banks on
      Reuters  -  533 words
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      Lock icon ECB defends its bond-buying programme
      608 22 Fears of illegal funding of govts or stoking inflation are misplaced: Draghi Reuters [BERLIN] European Central Bank (ECB) president Mario Draghi made a robust defence of his bondbuying plan to ease the eurozone’s debt crisis, telling German lawmakers their fears of illegal funding of governments
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    • Article
      Lock icon UK Supreme Court rules for women in equal-pay suit
      506 22 [LONDON] Thousands of women in Britain are poised to launch equal-pay compensation claims following a landmark Supreme Court ruling that could have far-reaching financial consequences for both public and private sector employers The judgment, made in favour of 174 former employees
      506 words
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      Lock icon Mine’s bigger than yours
      1006 22  -  Apple’s iPad mini shines a light on the display real estate war raging among phones and tablets COMMENTARY CHRISTOPHER LIM Correspondent FOR anyone who reads copious amounts of text on electronic screens, bigger displays aren’t necessarily better. This misconception provides a crucial backdrop for Apple’s iPad
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      Lock icon September new home sales at 2½-year high
      318 22 LATEST US DATA Reuters [WASHINGTON] New US single-family home sales surged in September to their highest level in nearly 21/2years, further evidence the housing market recovery is gaining steam. The Commerce Department said yesterday sales increased 5.7 per cent to a seasonally adjusted
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      Lock icon German business confidence falls unexpectedly in October
      326 22 Bloomberg [FRANKFURT] German business confidence unexpectedly fell to the lowest in more than 21/2years in October as the sovereign debt crisis damped growth in Europe’s largest economy. The Ifo institute in Munich said its business climate index, based on a survey of 7,000
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      225 19 (rJ&^'Cci S E N T O S A SINGAPORE ION MOMENTS. ONE WORLD. O s i a-Bar-Restaurant Osia Presents Cooking with Friends Exclusively from 30 Oct 3 Nov Osia’s Australian celebrity chef Scott Webster invites his friend, Swiss culinary sensation Otto Weibel, for a culinary exchange.Together with Chef de Cuisine
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      386 19 Can underappreciated emerging market currencies also be an opportunity? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone asafstiSfe v*. -xfiz Call 65 *****772 We will not rest UBS This material has no regard to the specific investment objectives, financial situation or
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      575 20 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CBP 3 PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8073W Extract of the Minutes of an Extraordinary General Meeting of CBP 3 PTE LTD signed by the Representative of the Holding Company
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      343 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 RELIANCE NATIONAL ASIA RE PTE. LTD. (Incorporated in Singapore) (Co, Reg. No: *****5353G) MEMBERS’VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 18 October 2012, the following resolutions were duly passed: 1. SPECIAL RESOLUTION ■WINDING-UP
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      518 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) CAPITALAND JAPAN INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1835H) (2) CAPITALAND NIPPON INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1839M) NOTICE OF RESOLUTIONS At the Extraordinary General Meetings
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      487 21 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Liongold Corp Ltd *****55 Chernic Pty Ltd 1 x 5,883 NOTICE IS HEREBY GIVEN that if within
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      609 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MANDAI ESTATE PTE. LTD. (In Member’s Voluntary Liquidation) Co. Reg. No. *****9903N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of Mandai Estate Pte. Ltd. (the “Company”) deemed duly convened and held at
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      405 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VELOSI PROJECT SERVICES PTE. LTD. (the “company”) (In Members’ Voluntary Liquidation) (Company Registration Number: *****0305C) (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the company held on 17th October 2012 at 29-3 3rd Floor
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      577 21 CATS Recruit The first door to your world of opportunities CLA/AUG06/g IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BALENO KINGDOM (SINGAPORE) PRIVATE LIMITED (Company Registration No.: *****1269C) (In Creditors’ Voluntary Liquidation) NOTICE OF FINAL MEETING OF CREDITORS AND MEMBERS NOTICE IS HEREBY GIVEN
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      176 21 IN THE MATTER OF THE COMPANIES ACT (CAR 50) AND IN THE MATTER OF IMPERIUM TRADING PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1055W) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act (Cap. 50) the Final Meeting of the
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  • AVIATION/SHIPPING
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      Lock icon Gulf VLCC glut seen sinking to 3-week low
      416 23 Tankers on Saudi Arabia-Japan route losing less per day Bloomberg [LONDON] A glut of the largest oil tankers available in the Persian Gulf is poised to shrink to a three-week low, a Bloomberg News survey showed. There are 17.5 per cent more
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    • Article
      Lock icon EU airlines told to compensate passengers for flight delays
      432 23 Top European Union court issues ruling in cases involving Iata, carriers, travel group Reuters [BRUSSELS] European Union (EU) airlines must pay compensation for delayed flights unless the delay was caused by circumstances beyond their control, the bloc’s highest court said. Travellers
      Reuters  -  432 words
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      Lock icon UPS shares notch biggest rise since March
      831 23 Group’s Q3 earnings fall in line with analysts’ estimates Bloomberg [NEW YORK] United Parcel Service Inc (UPS) rose the most since March after posting third-quarter earnings that matched analysts’ estimates, buoyed by higher export shipments in Asia and a gain in US deliveries.
      Bloomberg; PHOTO: REUTERS  -  831 words
    • Article
      Lock icon eBay joins FedEx on shipping to fight Amazon
      330 23 Bloomberg [SAN FRANCISCO] eBay Inc, owner of the world’s largest online marketplace, is teaming up with FedEx Corp to offer shipping discounts and label printing as the company competes with Amazon.com Inc’s vast delivery network. eBay merchants will be able to print
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    • Article
      Lock icon TRANSPORT STOCKS
      251 23 SGX '000 Oct 24 S$ +/-Vol CH Offshore 0.53 unch 1579 Chuan Hup Hldg 0.30 unch 1100 Cosco Corp 0.90 -0.01 6238 S$ Ezra Hldgs 1.16 0.01 2466 First Ship Lea 0.13 unch 790 Freight Links 0.07 unch 536 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      251 words
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      Lock icon The Business Times Shipping Times
      1924 26 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
      1,924 words
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      30 23 Serving three generations of clients Audio visual retailer Atlas still going strong after close to 50 years still going strong 47*+:9)’.0"52 816($-%,& To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      30 words
  • Page 23 Miscellaneous
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      315 23 CRYPTIC CROSSWORD Across 1 Foremost of ladies always will take time to make purchase (8) 5 Hangover from the freeze (6) 9 Thin mist obscured metalworker (8) 10 New Testament taken from monastic rambling of Biblical character? (6) 11 Try to include the whole vegetable (7) 12 Basil with group
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  • EDITORIAL & OPINION
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      Lock icon MediShield enhancements welcome
      493 24 EDITORIAL ENHANCEMENTS to the MediShield health insurance scheme benefiting older policyholders in particular have come none too soon. Singapore’s ageing demographic profile is sobering: based on government statistics, by 2030 one in five Singapore residents will be aged 65 and older. This is a threefold increase to
      493 words
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      Lock icon US must show responsibility to monetary system
      722 24  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent “ALL at sea and without an anchor.” This seems to be the most apt way to describe the current state of the global monetary system, and recent contributions academic and otherwise to the debate on where
      722 words
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      Lock icon Large US banks need to go on a debt diet
      957 24  -  A new proposal would cap banks’ non-deposit liabilities at 2 per cent of GDP By THE EDITORS Bloomberg OES size matter? When it comes to US banks, the answer is increasingly yes. Limiting banks’ size is a rare example of
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      Lock icon Income slump issue takes a backseat
      1533 25  -  The presidential campaign has focused on most economic matters but falls short on income stagnation and inequality By DAVID LEONHARDT NYT TAXES and government spending. Healthcare. Immigration. Financial regulation. They are the issues that have dominated the political debate in recent years and have
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      Lock icon Moderate Mitt plays the likeability card
      899 25  -  By MELINDA HENNEBERGER Washington Post HOW softly he spoke, his forehead glistening. He babbled a little not unheard of at such a moment and began: “It’s nice to maybe be funny this time, not on purpose. We’ll see what happens.” Yes, throughout Monday night’s
      Washington Post  -  899 words
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  • Page 26 Advertisements
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      34 26 PLACE YOUR AD HERE The Business Times Shippii g times CALL JOE WOPi 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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      33 26 Experienced ship maintenance find y h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML UUJINLJJ IIIVILJ Shipping Times
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  • SPOTLIGHT ON STEEL
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      Lock icon Staying ahead of the game
      898 27  -  New sources of demand and changing customer needs are providing new opportunities for firms in the steel industry. KANGreports MINT KANG EVEN in the global economic uncertainty of recent years, the outlook for the steel industry remains stable: figures from the World Steel Association put
      PHOTOS: LEONG JIN, BLOOMBERG  -  898 words
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      Lock icon Driver of sector’s growth set for a change
      682 30  -  Transportation infrastructure is likely to surpass buildings as a key source of demand for steel, NUS professor tells mint kang MINT KANG THE growth of the steel industry here is driven primarily by buildings, with infrastructure and offshore applications falling second. Within
      PHOTOS: BLOOMBERG, ST FILE PHOTO  -  682 words
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      Lock icon Growing over the years
      681 31  -  KANGtraces the history of Singapore’s steel industry from its humble beginnings to the thriving role it plays in the economy now MINT KANG LIKE many other sectors that thrive today, the Singapore steel industry had humble beginnings in the early half of the 20th century collecting
      PHOTOS: AP; FILE PHOTO  -  681 words
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      456 28 / 29 fj o rsi m o o s9 <r 4 LEONG JIN CORPORATION PTE LTD (Associated with ThyssenKrupp Materials International GmbH, Germany) (yt// 1 /)a<s/ fOyea/ss /taoe /)aoe</ me touw/of* or// 1 /ic,iV /a/? ’ww IS Zi r m s&i I: 91 'ftm sB A 2 a mi WMMl The progress
      456 words
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      41 30 Commercial Bank cffl LUNIK ENGINEERING SERVICE CO. PTE. LTD. Standard Chartered LEONG JIN CORPORATION PTE LTD (Associated with ThyssenKrupp Materials International GmbH, Germany) o/t f/ieif 1 /Of/i e/ssa/y Technologies Industeel ArcelorMittal Schmiedewerke Groditz GmbH since 1779 High-Grade Steel ENGINEERING PTE. LTD.
      41 words
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      260 31 0 u. u Z3 u m 0 0 n t L > U D 0 n V 7 Your Preferred Steel Partner Currently operating from two fully sheltered warehouses occupying nearly 200,000 square feet in Tuas, Hiap Chuan provides a wide selection of steel products for its customers. Guided by
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3014 32 Transaction date: Oct 24 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 146.5cd unch 159 147 146
      3,014 words
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      Lock icon SGX CATALIST
      192 33 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 4.6 1.3 t Advanced System 1.5 unch 475 1.5 1.4 1.4 1.5 22.3 Last Quote Div Gr Yld Net M Cap High
      192 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8048 33 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 f M local Ccy Bond 0 9639/ European Opportunities
      8,048 words
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      Lock icon GLOBALQUOTE
      189 33 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 2031 32.5 31.5 31.5 32 2107 Sale 228 169 TanChongInt HK212 211 217 4.3 3.3 7.1 4269.5 STOCK PRICES
      189 words
    • Article
      Lock icon SGX ETF
      1009 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 126 +7 25 126 126 119 121 575.2 128.9 120.4 CIMB APAC Div 100S$D 128.4 126.4 127.3 104.6 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      644 34 Oct 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8896.41 9043.80 8896.41 Dec12 8985.00 9050.00 8875.00 8965.00 ***** *****7 Mar13 8905.00 9030.00 8865.00 8955.00 221 2099 MSCI TAIWAN INDEX FUTURES SPOT 259.72 262.13 259.10 Oct12 259.60 262.00 255.90 260.00 ***** *****8 Nov12 259.40
      644 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 34 In local curr In S$ In US$ dy yr dy yr dy yr Oct 23 Index Change Change Change Change Change Change World Preliminary 908.6 -1.5 9.5 -1.4 3.7 -1.7 9.7 EAFE Preliminary 731.6 -1.3 7.3 -1.5 1.6 -1.8 7.5 Europe Preliminary 1103.4 -1.7 7.5
      373 words
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      Lock icon SMX MARKET UPDATE
      94 34 As on 23 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1726.00 1709.00 1709.30 INDIA GOLD (E-GOLD) FUT DEC2012 576.60 570.10 575.65 CURRENCY EUR-USD FUT DEC2012 1.3065 1.2963 1.2976 BASE METAL COPPER FUT DEC2012 7979 7837 7868 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      107 34 Oct 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1553.25 1546.50 1555.00 1529.00 Jan 13 1555.75 1549.25 1557.00 1531.25 Mar 13 1520.75 1517.75 1522.00 1497.00 May 13 1474.25 1474.00 1475.00 1453.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 51.32
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 34 CRUDE OIL PRODUCTS Oct 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.72 -2.08 WTI (Near Mth) 86.28 -2.22 Dubai (1-Mth F) 106.5 -1.42 Tapis blend 113.61 -1.94 Minas 108.26 -1.94 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.78 -1.22 Jet Kerosene 127.32 -1.79 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 34 Oct 24 S$ Bid Offer 1-month 1.2237 1.2238 2-months 1.2237 1.2238 3-months 1.2237 1.2238 6-months 1.2233 1.2235 Source: OCBC Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 34 Oct 23 Oct 23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1923.25 1933.75 3 months 1947.00 1960.00 Copper, Grade A(US$/tonne) Cash 7828.00 7947.50 3 months 7831.00 7953.00 Lead(US$/tonne) Cash 2017.00 2059.00 3 months 2023.00 2067.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 34 Oct 23 COCOA (£/tonne) Close Prev High/Low Dec 12 1630 1628 1631/1607 Mar 13 1623 1619 1625/1598 May 13 1628 1624 1630/1603 Jul 13 1634 1631 1636/1611 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2035 2058 2052/2025 Jan 13 2058 2079 2073/2048 Mar 13 2075 2095 2089/2068 May 13 2089
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      859 34 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 0.2 unch 1087 1 32 -1 162.50 1 Price Best World Intl Ltd W*****5 0.3 1
      859 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 34 Oct 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 6.442 0.797 7.990 55.403 99.126 0.822 11.378 3.154 1.269 98.631 42.656 1.262 9.043 0.964 30.190 31.722 0.646 1.031 Canada 0.978 6.297
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    • Article
      Lock icon SIBOR
      60 34 Oct 24 (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$) 1
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    • Article
      Lock icon PRECIOUS METALS
      135 34 Oct 24 GOLD(US$/oz) Oct 22 Oct 24 Hong Kong 1733.00 1716.50 Oct 22 Oct 23 London 1725.20 1710.70 1726.20 1711.70 Source: Thomson Reuters CAST BAR Oct 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 430 337 10gm 767 673
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 34 Oct 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-Jan-13 0.22 6-Month BS*****N 18-Apr-13 0.26 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 5-Year N*****0Z 2.375 01-Apr-17 108.74
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    • Article
      Lock icon PALM OIL
      57 34 Oct 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2440.0 2437.0 2468.0 2440.0 105 4498 Dec 12 2527.0 2496.0 2539.0 2511.0 2044 ***** Jan 13 2566.0 2540.0 2578.0 2551.0 ***** ***** Feb 13 2600.0 2571.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 34 Oct 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2614 1.2619 1.0308 1.0311 Canadian dollar 1.2329 1.2335 1.0080 1.0076 Euro 1.5835 1.5838 1.2940 1.2942 NZ dollar 0.9932 0.9945 0.8116 0.8126 Sterling pound 1.9539 1.9544 1.5967 1.5970
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 34 As at 9am Oct 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.287 1.226 Can dollar 1.263 1.203 Euro 1.627 1.55 Sterling pound 1.989 1.913 NZ dollar 1.027 0.969 US dollar 1.249 1.19 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 34 Oct 24 $S Offer Bid 0vernight 0.06 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.18 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.48 0.28 6 months 0.70 0.50 9 months 0.85 0.65 12
      154 words
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  • PROPERTY
    • Article
      Lock icon New York sues firm for converting apartments into hotels
      484 35 First case of its kind follows law defining transient occupancy as less than 30 days Bloomberg [NEW YORK] Smart Apartments, a provider of short-term accommodations for tourists, was sued by the city of New York for allegedly illegally converting residential units
      Bloomberg  -  484 words
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      Lock icon Emaar still seen as attractive even after missing profit estimates
      418 35 Bloomberg [DUBAI] Emaar Properties PJSC has one of the “most attractively priced exposures” to the real estate market in the Middle East and North Africa, even after quarterly profit missed estimates, EFG-Hermes Holding SAE said. EFG-Hermes reiterated its buy rating
      Bloomberg; PHOTO: BLOOMBERG  -  418 words
    • Article
      Lock icon Househunt
      957 35 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN SEPT 26 AND OCT 2, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 26/09/2012 99 506 1230 2431 V On Shenton Apt 27/09/2012
      957 words
    • Article
      Lock icon Bruce Lee’s HK home to go on sale, says report
      353 35 AFP [HONG KONG] Kung fu legend Bruce Lee’s former residence in Hong Kong will be put up for sale after a plan to turn the property into a museum dedicated to the icon failed, a report said yesterday. Philanthropist Yu
      AFP  -  353 words
    • Article, Illustration
      Lock icon Mortgage giants battling for top spot in market
      1358 36 Nationstar, Ocwen to resume bidding for Residential Capital’s loan unit Bloomberg [BOSTON] Nationstar Mortgage Holdings Inc and Ocwen Financial Corp, which have seen their share prices more than double this year, are battling to become the largest non-bank home-loan servicers in a
      Bloomberg; PHOTO: AP  -  1,358 words
    • Article, Illustration
      Lock icon Sale brings ex-owner back to Essex House
      1372 37 Strategic buys it back from Dubai Group, and Marriott gets back to operating it NYT [NEW YORK] When Essex House, the Art Deco hotel on Manhattan’s Central Park South, changed hands last month, it was a homecoming for two major players in the
      NYT; PHOTO: BLOOMBERG  -  1,372 words
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  • Page 36 Advertisements
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      32 36 CARING CLIMBER Everest hero Dr Kumaran Rasappan is Community Champion of the year YASH CHOPRA: THE ‘KING OF ROMANCE’ IS DEAD GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      32 words
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      Lock icon Page 36 Advertisements Column 2
      38 36 KISS92 All the great songs in one place t A K' iS KIS592 I m FT CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm Q @kiss92fm
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