The Business Times, 30 October 2012

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, October 30, 2012
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  • 897 1  -  URA index rises 8.8% in Q3 for 12th quarterly gain but rental growth is losing steam By MINDY TAN [SINGAPORE] While cooling measures kept home prices in check, the industrial property market kept racing away and registered a hike for the 12th consecutive
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,029.61 (-27.90) HST INDEX FUTURES 3,030.00 (-28.00) HSIMSCI 343.74 (-3.96) HSIMSCI FUTURES 343.60 (-3.70) US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.606 1.962 EURO (US$/S$/€) 1.290 1.576 Foreign currency per US$ S$ YEN 79.60 65.20 RM 3.060 2.505 HK$ 7.750 6.344 BAHT 30.75 25.17 RUPIAH
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    • 47 1 Monday Change KL COMP 1,672.56 +0.67 NIKKEI 225 8,929.34 -3.72 HANG SENG 21,511.05 -34.52 SET INDEX 1,279.57 -2.24 JAKARTA COMP 4,331.37 -7.79 MANILA COMP 5,397.42 -7.74 SEOUL COMP 1,891.52 +0.09 SHENZHEN B 589.28 -2.48 MUMBAI IND 18,635.82 +10.48 12 noon EDT Change DOW Closed NASDAQ Closed
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.241 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
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  • 586 1  -  Banks, brokerages may lose millions as trading operations are shuttered By ROB CURRAN in the United States WALL Street was deserted yesterday as the stock markets were closed ahead of Hurricane Sandy’s arrival. The New York Stock Exchange, the Nasdaq and
    PHOTO: REUTERS  -  586 words
  • Page 1 Advertisements
    • 117 1 COMPANIES KepT&T starts on China food logistics park PAGE 4 SME Inc Getting new ideas for business PAGE 10 F&N Thais seek bigger war chest in case of bidding battle PAGE 3 PRODUCTIVITY MATTERS Scanteak banks on precise real-time data PAGE 13 It’s difficult, but some have done it. Read
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  • TOP STORIES
    • 814 2  -  It places $100m with Dymon Asia, 2011’s best fund manager in Asia By KENNETH LIM [SINGAPORE] Another helping hand has been extended to small and medium enterprises (SME) that are on the cusp of greatness. Temasek Holdings has tapped homegrown
      PHOTO: ARTHUR LEE  -  814 words
    • 647 2 Industrial property prices step on the gas WHILE cooling measures kept home prices in check, the industrial property market kept racing away and registered a hike for the 12th consecutive quarter. According to data released by the Urban Redevelopment Authority, the industrial property price index rose 8.8 per
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    • 1165 2  -  US ELECTIONS 2012 By LEON HADAR in Washington THE race for the White House has been described by the mainstream media as a political-ideological struggle between the liberal Democrats and the conservative Republicans. But there are quite a few anomalies in this
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    • 494 2  -  By TEH SHI NING [SINGAPORE] The Republic’s spending on public services is projected to grow to more than $72 billion 12 per cent of GDP by 2025, says a new report from Accenture. Of this, expenses mostly associated with a rapidly
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    • 566 3  -  By ONG CHOR HAO [SINGAPORE] Prices of resale flats stayed at a record high in the third quarter, after having grown at the fastest pace of the year. But while analysts expect the upward trend to continue, they do not forecast
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    • 621 3  -  Move to tie up more financing prompted by possible rival bid from OUE By KENNETH LIM [SINGAPORE] The consortium led by Thai tycoon Charoen Sirivadhanabhakdi is trying to secure additional financing in case it enters into a bidding war for
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    • 534 3  -  By LEE U-WEN [SINGAPORE] When it comes to taking up political risk insurance (PRI) for their overseas projects, Singapore companies lag far behind their foreign counterparts. Latest figures show that local firms make up less than a tenth of PRI
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  • Page 3 Advertisements
    • 815 3 I W I V I V BY THE NUMBERS y V AT?, i” ?-iV; ■M. TWO MOMENTS NOW, AND LATER LIFE REQUIRE INCOME: The uncertainty of the markets is pulling your investments in one direction. The growing demands of your life education and retirement in another. “So what do I
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  • COMPANY NEWS
    • 626 4  -  Joint venture project anchors ‘model zone’ for safe food production in China By LYNN KAN KEPPEL Telecommunications and Transport (T&T) and the Jilin City Government broke ground on a logistics park that will tackle a top Chinese public concern: food safety. Keppel T&T
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    • 398 4  -  By KALPANA RASHIWALA HO BEE Investment will book a net gain of about $25.9 million from its $163 million sale of Hotel Windsor at MacPherson Road when the transaction is completed. The completion is expected to take place by May
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    • 452 4  -  Shares back up to $1.40 from a low of $1.00 in September By CAI HAOXIANG TREASURY China Trust (TCT) posted a third-quar-ter net property income of $15.3 million, down 0.8 per cent from $15.4 million a year ago. Otherwise, it was business as
      452 words
    • 416 5  -  Centre creates two risk models that are more applicable in the region By TEO SI JIA CATASTROPHIC-risk quantification and modelling specialist Asia Risk Centre (Arc) marked the opening of its new office here last Wednesday. The new base joins its other offices
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    • 331 5  -  By TEO SI JIA HIGHER operating expenses in Australia dragged down Eu Yan Sang International’s first-quarter earnings by 92 per cent from the previous year. Profit for the three months ended Sept 30 plunged to $341,000 from $4.5 million a year earlier, while
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    • 497 8  -  Credit Suisse, CIMB have dimmer view of the carrier, which sees full-year loss By LYNN KAN NEPTUNE Orient Lines has disappointed some analysts with its third-quarter numbers even though it fought its way into the black with US$50 million in net
      PHOTO: BLOOMBERG  -  497 words
    • 354 8  -  By CARINE LEE FIRST Ship Lease Trust incurred a US$186,000 loss in the fiscal third quarter despite a 6.5 per cent increase in turnover to US$26.72 million. A year ago, it reported a profit of US$152,000 on turnover of US$28.59 million. Trustee-manager
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    • 352 8  -  By ANDREA SOH STATS ChipPAC’s share price dropped as much as about 3 per cent in trading yesterday on news of its disappointing third-quarter earnings. The stock traded to an intraday low of 32.5 cents (down 2.99 per cent) before closing at 33
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    • 220 8 SINGAPORE Press Holdings has officially inaugurated STClassifieds, a classifieds portal acting as a platform for users to find whatever they need online, or sell things they do not need. Known previously as ST701 Shops, the all-new STClassifieds has four categories For Him, For Her, For Kids and
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    • COMPANY BRIEFS
      • 50 8 TRADING in Cerebos Pacific will be suspended on Nov 1, and the company will announce the date of its delisting in due course. Cerebos is being taken private by Japan’s Suntory, and the exit offer is expected to close on Nov 7.
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      • 88 8 CAPITALAND’S serviced residence unit The Ascott Limited has won a contract to manage a 100-unit serviced residence in Ho Chi Minh City. The new Somerset Vista Ho Chi Minh City is slated to open in December this year. It is part of The
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      • 81 8 SOUND Global has won the bid for a sewage treatment plant network project located in Siyang County, Jiangsu, China. The project consists of 14 sewage treatment plants with a total daily capacity of 22,000 tonnes. It has a licensed operating term of 30
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      • 57 8 PROPERTY firm Top Global posted a net loss of $1.14 million for the third quarter ended Sept 30, compared with a net loss of $1.30 million in the same period last year. Its revenue in the quarter was $1.38 million 4 per cent
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      • 83 8 NEPTUNE Orient Lines (NOL) will be issuing $300 million worth of seven-year bonds, which pay a coupon of 4.4 per cent per annum, under its US$1.5 billion euro medium term note programme established on June 28, 2010, and updated on April 17,
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    • 387 8  -  By TEO SI JIA STARHILL Global Real Estate Investment Trust has posted a 13.2 per cent year-on-year increase in income available for distribution to $24.68 million for its third quarter ended Sept 30. Income to be distributed to unitholders was 11 per
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  • Page 4 Advertisements
    • 307 4 HONG KONG r^rc°ooo?° 0 °oooo ooq °°«oooqqoo o0 ooooo o0 o OOO oOO o< oOO Guest of Honour 5°° q. 500 Mr Gregory So Kam-leung lOO' Secretary for Commerce and >o< Economic Development Hong Kong Special Administrative Region Government OOOC Q oqc ws oOO OOC OOO •'im 0 o 5
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  • Page 5 Advertisements
    • 262 5 KSERVCORP WyyyA /A Ay Ay yy yyyy> vyyA AAA. 'y yy. szyyyyyy Marina Bay Financial Centre Tower Two, Level 39 10 Marina Boulevard Singapore *****3 Call +65 6818 6300 EXCEPTIONAL VALUE CONVENIENCE 2,500 -12,000 sq. ft. of flexible space Located at level 39 of the prestigious Marina Bay Financial Centre,
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  • SINGAPORE MARKETS
    • 594 6  -  Earnings, global outlook, and US ‘fiscal cliff’ are among market’s latest fears; US market closure is additional worry STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday fell 27.9 points or just under one per cent to 3,029.61 in low volume
      Source: Bloomberg  -  594 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 1 0 0 0 3 12 1 Manufacturing 27 72 34 5 8 5 32 80 39 Commerce 8 39 15 2 5 2 10 44 17 Tpt/Stor/Comms 6 26 6
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,917 17,917 108,108 108,108 Manufacturing 345,934 274,492 620,426 240,960 1,317 242,277 Commerce 135,380 17,526 152,906 81,508 808 82,316 Tpt/Stor/Comms 120,235 14,391 134,626 188,996 4,421 193,417 Finance 27,520 520 28,040 181,154 224 181,379 Construction 50,102 763,508
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    • 113 6 Stock name Close Change CapMallsAsia 1.800 -0.005 CapitaLand 3.270 -0.060 CapitaMall 2.200 +0.020 CityDev 11.420 +0.010 ComfortDelGro 1.610 -0.050 DBS Grp 13.900 -0.120 F&N 9.060 -0.170 GLP 2.540 -0.010 Genting SP 1.320 Golden Agri 0.635 -0.005 HK Land 6.300 +0.110 IHH Healthcare 1.280 -0.015 JMH 61.040
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    • 64 6 Oct 29 VALUE CLOSE BT OB/OS -376.00-223.00 BT CADI -*****.00-176.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 746.66 -4.18 FTSE ST Small Cap 490.59 -3.50 FTSE ST All Share 743.07 -6.30 FTSE ST China Top 197.77 -1.79 FTSE ST China 219.27 -0.20 FTSE ST Catalist
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    • 55 6 VOLUME YHM 761,794,000 ICP 253,655,000 Contel 144,218,000 Golden Agri 72,997,000 Digiland 46,957,000 Geo Energy 39,108,000 HPH Trust US$ 34,521,000 Thai Beverage 31,537,000 SingTel 26,496,000 Religare 25,065,000 VALUE($) SingTel 84,800,130 Keppel Corp 82,103,356 DBS Grp 66,289,380 F&N 55,795,034 UOB 52,510,320 OCBC Bk 50,917,030 Golden Agri 46,915,526 SembMar 36,849,340
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    • 835 6  -  Compiled by LYNN KAN Suntec Reit Oct 29 close: $1.63 CIMB RESEARCH, Oct 29 AT 0.8x P/BV, Suntec Reit remains the cheapest large-cap Singa-pore-listed real estate investment trust (Reit). With sustained strength from its office portfolio, rising pre-commit-ments for asset-enhancement initiatives ((AEI) at Suntec City Mall, and buffer
      Source: Bloomberg; Source:  -  835 words
    • 523 6 CURRENCIES Bloomberg [SINGAPORE] India’s rupee and Malaysia’s ringgit slid the most among Asian currencies as Hurricane Sandy forced the US to shut equity markets, while China’s yuan rose to a 19-month high on signs of a pick-up in the global economy. The US
      Bloomberg; PHOTO: AFP  -  523 words
    • 110 6 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 2024 36.7 1.5 DBXT S&P Short 10US$ 3589 35.4 0.8 DairyFarm 1120 18.3 1.4 DBXT Nifty 10US$ ***** 13.4 0.1 HK Land 630 13.4 1.8 JSH 3560 12.2 0.3 Vicom 492 12.0 2.5 Lyxor China H 10US$ 1386 8.6 0.5 DBS Bk
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    • 125 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5593 -128.3 -1.8 JMH 6104 -80.6 -1.1 GLD 10US$ ***** -78.2 -0.4 DBXT MSJAP 10US$ 3454 -69.6 -1.6 Jardine C&C 4964 -51.0 -1.0 DBXT S&P500 10US$ 2283 -39.1 -1.4 Lyxor US DJIA 10 US$ 1333 -28.1 -1.7 Keppel Corp 1082 -28.0 -2.5
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 263 7 PATEK PHILIPPE GENEVE Begin your own tradition. Ocr O 7T P CfQ 1 (T ac cr Vu m \i 4 IS I r cr rt> ac n CL M V\ m m i vyi A ft SE£££ Lr s33 ?Xl “Is it possible to combine technicalflair with casual grace? Yes
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  • Page 8 Advertisements
    • 190 8 Opening in 2 Days! Franchising Licensing asia 2012 exhibition conference The International Event for Entrepreneurship, Business Opportunities Intellectual Property Rights in Asia www.FranchiseLicenseasia.com 1 3 november 2012 Marina Bay sands, Level 1, hall B 10.30am 6.30pm (Thu Fri) 10.30am 5.30pm (Sat) gain insights on Franchise License concepts from all over
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  • SINGAPORE NEWS
    • 619 9  -  It surpasses last week’s transaction for most expensive EC to date By ZEINAB YUSUF SAIWALLA A NEW record price of $1.774 million has been set for a five-bedroom penthouse unit in the recently launched Heron Bay executive condominium (EC), surpassing last week’s transaction
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    • 395 9  -  It’s being produced at plants in S’pore, Finland, Netherlands By RONNIE LIM NESTE Oil has started producing and selling on a commercial scale “green” or bio-based naphtha for petrochemical customers. The bionaphtha being manufactured at its biodiesel facilities worldwide, including its $1.2 billion Singapore
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    • 717 9  -  2nd time in 6 years that int’l think-tank will meet in S’pore By NISHA RAMCHANDANI in Lyon, France THE World Entrepreneurship Forum (WEF) will return to Singapore for the second time when the sixth edition takes place next year. The 2013 WEF, tentatively slated
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    • 291 9  -  By ANDREA SOH FOURTEEN global food and beverage (F&B) brands have pledged to be more responsible in the way they advertise to children here, following last weekend’s announcement that the Ministry of Health was looking to impose stricter guidelines on ads that
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    • 394 9  -  By ZEINAB YUSUF SAIWALLA A PUBLIC tender for a site occupied by the Bukit Timah Saddle Club (BTSC) will be launched today. The site, located at 51 Fairways Drive, occupies 104,567.2 square metres of land and the guide rent per month is
      PHOTO: SINGAPORE LAND AUTHORITY  -  394 words
    • SINGAPORE ROUNDUP
      • 49 9 JTC Corp has awarded the tender for an industrial site at Sunview Road to Ascendial Pte Ltd for $76.5 million. The land parcel, zoned for business 2 use, has a land area of 28,173 sq m and a gross plot ratio of 2.5.
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      • 40 9 FORMER Asia Pacific Breweries and Fraser and Neave CEO Koh Poh Tiong yesterday took over from Gerard Ee as chairman of the National Kidney Foundation (NKF). Mr Koh joined NKF’s board in May.
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      • 37 9 THE Food Beverage Managers’ Association (FBMA) and the Singapore Workforce Development Agency (WDA) will be holding a career clinic on Nov 5 at the VivoCity atrium from 9.30am to 7pm.
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  • Page 9 Advertisements
    • 83 9 OSEA2012 The 19th International Oil Gas Industry Exhibition Conference SINCE 1976 27 30 November 2012 Marina Bay Sands Exhibition Opening Hours: 10.30am 6.00pm Tznerqmnq Join Asia's most well-attended Oil Gas event Meet 1,500 leading exhibitors from over 45 countries regions Hear from key representatives in Douglas-Westwood Keppel Corporation at the
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  • SME Inc
    • 407 10  -  Young entrepreneurs hugely inspired by trip to Slovakia, Czech Republic, reports FELDA CHAY SPOTLIGHT SINGAPORE 2012 reportsFELDA reportsFELDA CHAY THE 35 young, aspiring entrepreneurs who joined businessmen on the Spotlight Singapore journey may not currently own a business, but many say that they were hugely
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    • 700 10  -  By FELDA CHAY OVER the years, Spotlight Singapore may have moved to take on a more business tone from when it started as a purely cultural exchange back in 2006. But the arts and cultural elements remain firmly part of the business forum, which
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    • 974 12  -  A perfect working team is more than a set of great CVs; it also encompasses competent jerks and loveable fools COMMENTARY By JANE WILLIAMS HILE most people are adamant that “competency” is preferable to “likeability” in a colleague, research suggests employees can be more energised and
      PHOTO: STOCK.XCHNG  -  974 words
  • Page 10 Advertisements

  • PRODUCTIVITY: RETAIL SECTOR
    • 1641 11  -  Head honchos talk about best practices and the manpower crunch, reportsANDREA SOH reportsANDREA reportsANDREA SOH RETAILERS in Singapore have it tough. On top of rising costs and new competition from foreign brands, they now have to juggle one more challenge: government-imposed curbs to hiring foreign workers
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    • 1183 11  -  By ANDREA SOH AS retailers explore ways to do more with the limited manpower they have, new ways to train staff are emerging. Many are also using Workforce Skills Qualifications (WSQ) certified training programmes, and are choosing to be a retail WSQ in-house approved training organisation
      PHOTO: STEVE T  -  1,183 words

  • Page 12 Advertisements
    • 41 12 Wanted. Interior designer for small spaces A product of SPH, Singapore's trusted media group. If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free for download at the App Store. STJOBS
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  • PRODUCTIVITY MATTERS
    • 918 13  -  Having first hand information on its entire operations has given Scanteak ready access to all its productivity indicators. By NISHA RAMCHANDANI FURNITURE By NISHA RAMCHANDANI IN its bid to further expand overseas, home-grown furniture firm Scanteak has channelled funds towards a research and
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    • 293 13 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Productivity and Innovation Credit (PIC) Innovation and Capability Voucher (ICV) SMEs can get a $5,000
      293 words
    • 1228 13  -  Sen Wan invests in technology to ensure environmentally friendly processes and products By TEH SHI NING SUPPLYING timber, plywood and veneer to furniture-makers means cutting planks down to size. It is a task which leaves behind a lot of wood waste waste that has become
      PHOTO: ARTHUR LEE  -  1,228 words

  • MALAYSIA/INDONESIA
    • 493 14 It seeks to reassure Canadian govt C$5.17b deal will benefit the country Reuters [KUALA LUMPUR] Malaysian state oil firm Petronas will renew a bid for gas producer Progress Energy Resources, Petronas sources said, seeking to assure the Canadian government that the C$5.17
      Reuters  -  493 words
    • 538 14 [KUALA LUMPUR] The Jakarta bourse expects a 20 per cent rise in initial public offerings next year, with more companies poised to tap funds from the equity market to finance expansion plans in Indonesia's growing economy, according to a report in
      538 words
    • 400 14 [KUALA LUMPUR] The Employees Provident Fund (EPF), Malaysia’s largest pension fund, was a net seller of AirAsia Bhd’s shares in the past month while the carrier’s major shareholder, Tune Air Sdn Bhd, has turned net buyer, pumping in slightly more than RM250
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    • 806 14 [KUALA LUMPUR] It is no secret that YTL Corp Bhd intends to take its remaining listed subsidiaries private after having done so with its cement unit a few months ago, says The Star newspaper. The plan is part of an ongoing restructuring
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  • Page 14 Advertisements
    • 338 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF POLPERRO PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****4967N At an Extraordinary General Meeting of the Company deemed to be held at Stampfenbachstr. 5, CH-8070 Zurich,
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    • 319 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JESSAMINE PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****5467N At an Extraordinary General Meeting of the Company deemed to be held at Stampfenbachstr. 5, CH-8070 Zurich, Switzerland on 25 October 2012, the following Special
      319 words
    • 319 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPINA PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****4969R At an Extraordinary General Meeting of the Company deemed to be held at Stampfenbachstr. 5, CH-8070 Zurich, Switzerland on 25 October 2012, the following Special
      319 words
    • 261 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF 12N PTE LTD (Company No. *****8842C) (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of 12N PTE LTD held on 23 October 2012 the following Special Resolution was passed: WINDING-UP AND APPOINTMENT OF LIQUIDATOR That
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    • 241 14 Active traders and investors often use technical trading indicators and overlays to help them identify high probability entry and exit point trade. With the many technical indicators that are readily available in the various trading platforms, it may be confusing when it comes to the selection of the right indicator
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    • 26 14 m LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBODK.COM/HOTFMSG I J* HOTFMSG
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  • GREATER CHINA
    • 828 15 Revenue growth slows, leaving little fiscal leeway for sustaining expansion without raising budget Bloomberg [BEIJING] China’s government spent more than planned in the first nine months of the year, and revenue gains moderated, leaving little room for public outlays to stoke the economy this
      Bloomberg  -  828 words
    • 859 15 AFP [BEIJING] The world’s two biggest economies choose their next leaders in early November, an accident of timing that lays bare the vivid contrast between China’s opaque communist state and America’s riotous democracy. The rhythm of the presidential election in
      AFP; PHOTO: REUTERS  -  859 words
  • Page 15 Advertisements
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  • INDIA
    • 763 16 Fiscal consolidation plan to reduce deficit to 3% in 2016-17, from 5.8% at end of last fiscal year Reuters [NEW DELHI] The Indian government pledged to nearly halve its fiscal deficit by March 2017 in a bid to avoid a credit
      Reuters; PHOTO: AFP  -  763 words
    • 598 16 He will improve investment climate, push firms to bid for overseas assets Reuters [NEW DELHI] India’s new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for
      Reuters  -  598 words
  • Page 16 Advertisements
    • 121 16 1 t* p*. m °P gr *V Search 5*<* S3' e (O^ 6 eco rt*t' e NP a m eco <* He*' SEARCHING FOR YOUR IDEAL HOME IS EASIER ON THE MOVE. Geo-location services let you view properties for sale/rent near you wherever you are Filter results based on district,
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  • ECONOMY WATCH
    • 761 17 Authoritarian states back move but major Western nations oppose it AFP [WASHINGTON] It is expected to be the mother of all cyber diplomatic battles. When delegates gather in Dubai in December for an obscure UN agency meeting, fighting is expected
      AFP  -  761 words
    • 464 17 Bloomberg [TOKYO] Japan’s retail sales rose less than forecast in September as the expiry of government subsidies for car purchases sapped consumer demand. Retail sales rose 0.4 per cent from a year earlier, the Trade Ministry said yesterday, after a revised
      Bloomberg  -  464 words
    • 469 17 AFP [SYDNEY] Australia will make “Asia literacy” a key plank of its future education strategy with the goal of every local school being partnered online with one from the region by 2025, the government said yesterday. Prime Minister Julia Gillard said she
      AFP  -  469 words
  • Page 17 Advertisements
    • 578 17 Talent Management Work Productivity Who should attend: Senior Management Professionals in Customer Service, General Management, Business Development, HR and Sales Marketing; Professionals, Supervisors Team Leads. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars STJOBS No.1 No.1 Recruitment site in Singapore by Marketing Magazine (2011) FULL-DAY SEMINAR Extraordinary Leadership: Achieving breakthrough performance in your
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  • WORLD
    • 688 18 It sees China sales recovery by Feb; Nissan, Toyota may also cut forecasts Reuters [TOKYO] Honda Motor Co cut its full-year net profit forecast by a fifth after sales in China were hit by a popular backlash against Japanese goods, and warned it
      Reuters  -  688 words
    • 691 18 Noda warns of risk of a ‘political vacuum’ in speech Reuters [TOKYO] Japan’s Prime Minister Yoshihiko Noda made clear yesterday he was in no rush to go to the polls, speaking of the risk of a “political vacuum” in a speech likely
      Reuters  -  691 words
    • 1019 18 Questions raised as to whether US is thus legitimising the site AP [HO CHI MINH CITY] It’s a wildly popular website laden with unlicensed songs and Hollywood movies a prime exhibit of the digital piracy that is strangling the music industry
      AP; PHOTO: AP  -  1,019 words
    • 472 18 Bloomberg [TOKYO] Nomura Holdings Inc, Japan’s largest securities firm, turned to a second-quarter profit as a jump in trading income outweighed declining brokerage commissions. Net income was 2.8 billion yen (S$43.9 million) for the three months ended Sept 30, compared with a loss
      Bloomberg  -  472 words
    • 766 19 Bank stands to meet capital goals faster, with fixed-income ops winding down Bloomberg [NEW YORK] UBS AG’s decision to cut as many as 10,000 jobs and retreat from capital-intensive trading businesses will help position Switzerland’s largest bank to return more
      Bloomberg; PHOTO: REUTERS  -  766 words
    • 357 19 Reuters [LONDON] Economic growth in Britain will be “materially” lower in the fourth quarter, after an unexpectedly strong boost from the Olympic Games, and it will remain weak for the next couple of years, Bank of England chief economist Spencer Dale told the
      Reuters  -  357 words
    • 342 19 Move will create world’s leading consumer publisher Reuters [LONDON] Pearson said yesterday that it will merge Penguin Books with Bertelsmann’s Random House to create the world’s leading consumer publisher, a day after Rupert Murdoch’s Sunday Times said his News Corp group could
      Reuters  -  342 words
    • 387 21 Bloomberg [TOKYO] Japan Exchange Group, a company to be formed by the merger of the country’s two largest bourses, is aiming to combine equity trading systems by July, Osaka Securities Exchange Group said in a statement yesterday. The new bourse, expected to start
      Bloomberg  -  387 words
    • 874 21 The 2017 target would be equivalent to 8% of world exports this year, forecast by USDA at 37.7m tonnes Bloomberg [SINGAPORE] Myanmar, the world’s top rice shipper before five decades of military dictatorship made it South-east Asia’s poorest nation, plans to
      Bloomberg; PHOTO: REUTERS  -  874 words
    • 483 21 He published names of over 2,000 people with stashes in Swiss banks Reuters [ATHENS] Greek police arrested the editor of a weekly magazine for publishing a list of more than 2,000 names of wealthy Greeks who have placed money in Swiss bank accounts, police
      Reuters; PHOTO: REUTERS  -  483 words
    • 485 21 Reuters [SYDNEY] Australia’s central bank may have been leaning against the local dollar through sales to counterparts abroad and, while the amounts are small, it would be another sign of frustration with the strength of the currency. Officials at the Reserve Bank
      Reuters  -  485 words
    • 549 22 Rise is highest in 7 months, indicates that economy is picking up LATEST US DATA Bloomberg [WASHINGTON] Consumer spending in the US climbed more than forecast in September as incomes grew, a sign that the biggest part of the economy was picking up as the
      Bloomberg; PHOTO: BLOOMBERG  -  549 words
    • 444 22 Sentiment is strongest in India, Indonesia: survey Reuters [LONDON] Global consumer confidence edged higher in the third quarter, underpinned by an improvement in the United States, although uncertainty about the economy continued to cap spending, a survey showed. Sixty two per cent of
      Reuters  -  444 words
    • 415 22 Reuters [THE HAGUE] Dutch Prime Minister Mark Rutte’s Liberal Party and the Labour Party said they had reached a coalition deal yesterday, paving the way for a pro-austerity, pro-European government to be sworn in as early as next week. Mr Rutte, whose
      Reuters  -  415 words
    • 539 22 Reuters [BANGKOK] A Cabinet reshuffle in Thailand has brought loyal allies of self-exiled former prime minister Thaksin Shinawatra into the government led by his sister, consolidating his grip on power as he bides his time before making a serious effort to come
      Reuters; PHOTO: REUTERS  -  539 words
    • 584 22 Reuters [PARIS] France’s Socialist government on Monday rebuffed calls from business leaders to slash labour charges to boost competitiveness and raise VAT, saying that would hit consumers. In an open letter published in a newspaper on Sunday, executives from 98 of
      Reuters  -  584 words
  • Page 18 Advertisements
    • 463 18 HSR GLOBAL LIMITED (Company Registration Number: *****0314D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of HSR GLOBAL LIMITED (the “Company”) will be held at 3 Lorong 6 Toa Payoh, #01-01 HSR Building, Singapore *****8 on 15
      463 words
    • 21 18 www.omy.sg am m yC' J lift O o m y 0 0 news.omy.sg S Download FREE QR Code Reader, e.g. BeeTagg
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  • Page 19 Advertisements
    • 149 19 The Regional Wing of Singapore Airlines More journeys to treasure at silkair.com GREAT MEMORIES, GREAT FARES. For 4 days only, book now for year-end specials too good to last. All-in return fare from Kunming, Shenzhen €S 0K Scan the QR code to discover other great fares. facebook.com/SilkAir v Fares quoted
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  • US ELECTIONS 2012
    • 957 20  - It’s all about Ohio or is it? Ohio is crucial for either presidential candidate’s victory but several other states could be kingmakers, reports JOHN WHITESIDES reportsJOHN reportsJOHN WHITESIDES Reuters [WASHINGTON] ITH just one week left in the tight battle for the White House, it’s all about the vital swing state
      Reuters; PHOTO: AFP  -  957 words
    • 738 20 Indian-Americans are among the most strongly Democratic AFP [FALLS CHURCH, Virginia] From the stall where he sells newspapers and scarves in the colours of the former South Vietnam, Tony Nguyen has been watching the tight US presidential election play out before his eyes. Representatives
      AFP; PHOTO: AFP  -  738 words
    • 676 20 AFP [WASHINGTON] Eleanor Holmes Norton pounds her fist in frustration over her role as a non-voting member of the US Congress. She has endured this second-class status for 20 years. “I’m like any other Representative in the House, or I should
      AFP  -  676 words
    • 534 20 AP [MONTGOMERY, Alabama] Election Day in this Deep South state could be the day Alabama amends history when voters will get only their second chance in years to eliminate an anachronism that still exists on paper Segregation. Segregation ended decades ago in Alabama, swept
      AP  -  534 words

  • Page 21 Advertisements
    • 252 21 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BIONUTRA PTE LTD (In Members’ Voluntary Liquidation) Reg. No. *****6042M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
      252 words
    • 204 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DENALI SOFTWARE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5021W NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the abovenamed Company
      204 words
    • 467 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SIM LIAN (HOLLAND) PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****2670C At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies Act, Cap. 50 on 24
      467 words


  • AVIATION/SHIPPING
    • 700 23  -  Honeywell’s survey forecasts up to 720 new jets will be delivered this year By VEN SREENIVASAN [SINGAPORE] Nearly 10,000 new business jets worth US$250 billion will be delivered worldwide in the next 10 years. Honeywell’s 21st annual Business Aviation Outlook
      700 words
    • 281 23 Bloomberg [HONG KONG] China Southern Airlines Co, the nation’s biggest carrier by passenger numbers, reported a 29 per cent drop in third-quarter profit on rising operating costs and currency fluctuations. Net income declined to 2.22 billion yuan (S$434 million) from 3.13 billion yuan a
      Bloomberg  -  281 words
    • 245 23  -  By VEN SREENIVASAN [SINGAPORE] Singaporebased long-haul, low-fare airline Scoot has launched flights to its seventh destination: Tokyo. The first daily flight between Changi and Narita Tokyo took off yesterday morning with Scoot’s CEO Campbell Wilson and chief pilot and head of flight
      PHOTO: SCOOT  -  245 words
    • 524 23 It switches to buying Ukraine coke, as Aussie supply stops Reuters [LONDON] Using shadowy middle men, multiple bank accounts and a fleet of ghost ships, Iran’s coal trade is quietly booming as the Islamic Republic tries to sidestep Western sanctions and prevent its
      Reuters  -  524 words
    • 528 23 Bloomberg [AMSTERDAM] The cost of protecting against Air France-KLM Group stock swings jumped to a record versus Deutsche Lufthansa after France’s largest airline rallied almost three times as much as the German carrier. Air France-KLM’s implied volatility, which traders use to
      Bloomberg; PHOTO: BLOOMBERG  -  528 words
    • 275 23 SfiK noo T h Ut>J QIOVNhcn OiMaiiua MUlti Co*--, Core CVnT I1» .♦> 'VC •> 'HI 1 ?4 4M»l -4MH *0l -Oil* Mi CK 3>7V 1HI IlfA i i-v find i <jhj i.mH Grime Stmkj. ).»VA Mr-li? Lt»i MW'TVJfOl I»«f>rw» Cc-I p p/vc-nicHiM'". 14 .01* •M1. r unCh
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  • Page 23 Advertisements
    • 23 23 14%Closeto GDPgrowth forTianjin, Chongqing& Guizhou infirstthree quartersof2012 in first three H quarters of 2012 14? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      23 words
  • Page 23 Miscellaneous
    • 281 23 CRYPTIC CROSSWORD Across 7 Terrorist leader with motive for subversion (7) 8 Insane time around capital of Ibiza island (7) 10 Stock’s quality about right for soup (10) 11 Married in rush ceremony (4) 12 ‘Unattached’ girl’s connected to Greek island (8) 14 Officer is more offensive (6) 15 ‘Number
      281 words

  • EDITORIAL & OPINION
    • 495 24 EDITORIAL IT seems resource nationalism is no longer the preserve of poor backward countries that fear foreign capital: the Canadian government recently blocked a RM15.6 billion (S$6.2 billion) deal that would have seen Malaysian oil giant Petronas acquiring Canadian gas company Progress Energy Resources. This despite
      495 words
    • 786 24  -  THE BOTTOM LINE DAVID MASON The writer is a business communications consultant in the UK who spends several months a year in Singapore. He was a partner with Price Waterhouse Singapore for 18 years THE ways in which human beings
      786 words
    • 1072 24  -  Capitalist America faces challenge from increasingly belligerent socialist states in its south By AASIM SAJJAD AKHTAR The writer is assistant professor of political economy at Quaid-e-Azam University, Islamabad AS the world focuses its gaze on the upcoming US presidential election, another presidential
      PHOTO: AP  -  1,072 words
    • 1597 25  -  If tools of cooperation are not used effectively, crisis countries in Europe may fare worse than those in Latin America By EDUARDO CAVALLO, EDUARDO FERNANDEZ-ARIAS The writers are, respectively, senior economist and principal economist at the Inter-American Development Bank. Mr Fernandez-Arias is also coordinator of
      PHOTO: AP  -  1,597 words
    • 773 25  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT ANEW benchmark in the Mumbai-based Hindi film industry (popularly known as Bollywood) is whether a film does well enough at the box office to gross over one billion rupees (S$23 million). Five typical
      773 words
    • 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
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  • Page 26 Advertisements
    • 34 26 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WOIN IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      34 words
    • 32 26 Experienced ship maintenance £ndy h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES IIIL UUJINLJJ IIIVILJ Shipping Times
      32 words

  • SINGAPORE STOCKS
    • 2846 27 Transaction date: Oct 29 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 148cd +1 1201 148 146.5
      2,846 words
    • 184 28 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 C000) High Low Buyer Seller C’vr P/E Smil 12.1
      184 words
    • 8337 28 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 9598/ European Opportunities
      8,337 words
    • 193 28 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 +0.5 3683 32 31.5 31.5 32 2107 Sale 228 169 TanChongInt HK211 -1 6 211 211 211 218 4.3 3.3
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    • 949 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119.5 -6.5 18 120 119.5 119 119.5 545.5 128.9 120.4 CIMB APAC Div 100S$D 128.4 125.8 126.7 104.6 95.8 CIMB
      949 words


  • FINANCE & COMMODITIES
    • 641 29 Oct 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8958.79 8986.05 8909.37 Dec12 8960.00 8995.00 8900.00 8915.00 *****5 *****6 Mar13 8905.00 8910.00 8895.00 8900.00 3 2098 MSCI TAIWAN INDEX FUTURES SPOT 256.47 257.35 255.10 Oct12 254.40 257.00 253.90 255.70 *****5 *****1 Nov12 254.00
      641 words
    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr Oct 26 Index Change Change Change Change Change Change World Preliminary 908.6 -0.3 9.5 -0.2 3.4 -0.3 9.8 EAFE Preliminary 731.0 -0.3 7.2 -0.2 1.4 -0.3 7.7 Europe Preliminary 1108.0 0.2 7.9
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    • 73 29 fo JtrfROHRWfeP PfMBHirr ra»/TTAn iiai nw rm\r MHOOUIMflAi uuiuiui OVTitfu »;uai' 4i mi IMiM i -fi u um. n> fi n on -m •< \n vi+ i ftJUtt* V* ffft •.UmilWCT Hllf UVMW JDftflfiEtf it vt f.MTT IMfc MfTAl lOtWMJT oasm rm tfA/ wr TflLCMX BOO I
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    • 107 29 Oct 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1561.25 1564.00 1566.75 1552.50 Jan 13 1563.75 1566.00 1568.75 1553.75 Mar 13 1537.00 1537.00 1538.50 1524.50 May 13 1488.00 1483.75 1489.50 1471.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.96
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    • 70 29 CRUDE OIL PRODUCTS Oct 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.93 1.09 WTI (Near Mth) 86.05 -0.03 Dubai (1-Mth F) 105.55 -0.65 Tapis blend 112.37 -0.72 Minas 107.02 -0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.81 unch Jet Kerosene 126.65 unch US$/barrel OpecOil Basket
      70 words
    • 22 29 Oct 29 S$ Bid Offer 1-month 1.2215 1.2217 2-months 1.2215 1.2217 3-months 1.2215 1.2217 6-months 1.2210 1.2213 Source: OCBC
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    • 64 29 Oct 26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1895.75 1911.25 3 months 1922.00 1938.00 Copper, Grade A(US$/tonne) Cash 7819.75 7814.00 3 months 7820.00 7815.00 Lead(US$/tonne) Cash 2015.50 2008.00 3 months 2015.00 2005.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 29 Oct 26 COCOA (£/tonne) Close Prev High/Low Dec 12 1544 1556 1568/1541 Mar 13 1544 1554 1563/1540 May 13 1551 1561 1570/1549 Jul 13 1559 1569 1573/1557 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1996 2029 2029/1992 Jan 13 2021 2058 2062/2016 Mar 13 2039 2074 2077/2035 May 13 2053
      80 words
    • 888 29 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 50 1 32 -1 162.50 1 Price Best World Intl Ltd W*****5 0.3 1
      888 words
    • 470 29 Oct 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.454 0.802 8.016 55.855 99.515 0.824 11.336 3.165 1.261 99.142 42.677 1.264 8.986 0.969 30.268 31.806 0.644 1.034 Canada 0.967 6.242
      470 words
    • 60 29 Oct 29 (U*ty 05» 1 mil i i rmta S tmtu I; Ul'LiJI »»esv a in/ti mMJSO OJIVi w. ic f nrm; c irtW L li!W C.SIOOO r.’-Twj 0<llM 1 mil'. J mil k fW| cv/»i| -ki mifi; s jiun; 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates
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    • 134 29 Oct 29 GOLD(US$/oz) Oct 29 Oct 26 Hong Kong 1721.00 1714.30 Oct 26 Oct 25 London 1714.43 1714.18 1715.31 1715.18 Source: Thomson Reuters CAST BAR Oct 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 429 336 10gm 767 673
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    • 80 29 Oct 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-Jan-13 0.24 6-Month BS*****V 02-May-13 0.27 1-Year BY*****X 01-Nov-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-17 108.73
      80 words
    • 57 29 Oct 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2420.0 2500.0 2435.0 2412.0 434 4431 Dec 12 2499.0 2561.0 2510.0 2483.0 4480 ***** Jan 13 2537.0 2603.0 2553.0 2525.0 ***** ***** Feb 13 2580.0 2640.0
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    • 154 29 Oct 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2633 1.2638 1.0342 1.0345 Canadian dollar 1.2215 1.2224 1.0006 1.0000 Euro 1.5756 1.5762 1.2899 1.2902 NZ dollar 1.0018 1.0024 0.8201 0.8205 Sterling pound 1.9615 1.9623 1.6058 1.6062
      154 words
    • 121 29 As at 9am Oct 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.294 1.233 Can dollar 1.25 1.191 Euro 1.615 1.539 Sterling pound 2 1.924 NZ dollar 1.035 0.977 US dollar 1.245 1.186 Local dollars to 100 units of foreign
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    • 154 29 Oct 29 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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

  • PROPERTY
    • 465 30 His Elevation group is understood to have signed $75 million deal [SINGAPORE] Satinder Garcha’s Elevation group is understood to have inked a deal to buy Murray Terrace for $75 million. Talk in the market is that Mr Garcha plans to convert the conservation property into
      PHOTO: ARTHUR LEE  -  465 words
    • 303 30 Bloomberg [TOKYO] Shinsei Bank Ltd, the Japanese lender partly owned by J Christopher Flowers, plans to set up a healthcare real estate investment trust to capture growth in one of the world’s fastest-aging nations. The bank seeks to start the Reit
      Bloomberg  -  303 words
    • 338 30 It cites rebounding sales, capital raising in offshore markets Reuters [BEIJING] Chinese property developers’ credit quality is improving, signalled by rebounding sales and the ability of companies to tap international capital markets to raise funds, ratings agency Moody’s Investors Service said yesterday. China has
      Reuters; PHOTO: AFP  -  338 words
    • 117 30 Bloomberg [TOKYO] Mitsui Fudosan Co, a Japanese property developer, will build a 23megawatt solar power station in northern Japan. The company plans to start building the power plant in November in Tomakomai City, Hokkaido prefecture, and operations are expected to begin by the end
      Bloomberg  -  117 words
    • 380 31  -  Space made up of 2 strata units; Savills expects offers in the range of $1,100 psf BY KALPANA RASHIWALA [SINGAPORE] A total 49,053 sq ft of freehold strata industrial space at Delta House in the Alexandra /Delta Road vicinity has
      PHOTO: SAVILLS  -  380 words
    • 337 31 Bloomberg [HONG KONG] The six richest property developers here lost a combined US$2.2 billion in net worth yesterday as shares in their companies dived after the government imposed a property tax on overseas buyers. The wealthiest man in Asia, Li Ka-shing, saw his net worth
      Bloomberg  -  337 words
    • 299 31  -  One a GCB is at Olive Rd, the other is at Faber Drive By ZEINAB YUSUF SAIWALLA [SINGAPORE] There has been no dearth of bungalow transactions recently, despite signs of a slowing economy. A Good Class Bungalow (GCB) at 27 Olive Road
      PHOTO: KNIGHT FRANK  -  299 words
  • Page 30 Advertisements
    • 231 30 Large Prime Residential Site off Meyer Road Katong Park Towers For Sale by Tender Site Area: 13,076.9 sq m (approx. 140,758 sq ft) MP 2008: ‘Residential’, PR 2.1, up to 24-storey Nestled within a serene neighbourhood along Arthur Road Within minutes’ drive to retail, F&B and entertainment establishments Stadium and
      231 words
    • 301 30 FOR SALE BY PUBLIC TENDER IIL CUSHMAN ■S I1IAI/CEIC1 ■> CEA Licence No. L*****33E JTC Food-zoned Factory at Junction of Jin Boon Lay and Enterprise Road Site Area: 6,969.40 m 2 Remaining Tenure: 23 to 30 years Zoned Business 2 Under JTC’s Chin Bee Food Zone Existing GFA: 5,305.87 m
      301 words
    • 272 30 /WS\ Jones Lang VJJ IJJ LaSalle Real value in a changing world CENTRALLY LOCATED 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 I SME Naming rights Prominent and wide frontage Conveniently located near to
      272 words

  • Page 31 Advertisements
    • 309 31 Boundary indicative F O R S A L E O R J O I N T V E N T U R E L O T 4 1 3 1 S M I T H S B E A C H R O A D T H E J E
      309 words
    • 90 31 Jones Lang LaSalle Real value in a changing world Credo FOR SALE BY PRIVATE TREATY High-rise redevelopment site at Amber Road with partial sea-views D15, Freehold; For residential redevelopment Land area 22,791 sqft, GPR 2.8 Private vendors, no STB required Near Parkway Parade, 112 Katong, Marine Parade Potential for 50
      90 words
    • 123 31 CROWN CENTRE FOR SALE ENTIRE GROUND FLOOR RETAIL SPACE freehold Extremely rare opportunity to acquire ALL of the ground floor strata retail units in a mall (total 19 units) Freehold Approx 50m wide frontage facing Bukit Timah Road with road frontage along King’s Road and Queen’s Road Approx. 350m to
      123 words

  • Page 32 Advertisements
    • 142 32 125 years of shipbuilding excellence 2012 marks the 125th anniversary of Keppel Singmarine’s rich heritage in shipbuilding. As the specialised shipbuilding arm of Keppel Offshore Marine, Keppel Singmarine has come a long way since its inception as Singapore Slipway in 1887. From humble beginnings servicing boats and coastal vessels, the
      142 words