The Business Times, 1 August 2013

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Total Pages: 40
1 40 The Business Times
  • 24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, August 1,2013
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  • 845 1  -  Bank walks away from 16-month impasse and some predict higher dividends By SIOW Ll SEN S IN G AP O RE DB S s long-drawn, 16-month attempt to buy Bank Danamon Indonesia has collapsed, but not everyone is unhappy. Some analysts believe
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,221.93 (-23.52) HST INDEX FUTURES 3,187.00 (-58.00) HSIMSCI 368.08 (-2.26) HSIMSCI FUTURES 365.50 (-4.70) US$ S$ US$ (S$ per US$) 1.272 (US$/S$ per 1.523 1.937 EURO (US$/S$/€ 1.328 1.690 Foreign currency per US$ S$ YEN 97.80 76.90 RM 3.247 2.553 HK$ 7.755 6.096 BAHT 31.34 24.63 RUPIAH
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    • 48 1 Wednesday Change KL COMP 1,772.62 -22.46 NIKKEI 225 13,668.32 -201.50 HANG SENG 21,883.66 -70.30 SET INDEX 1,423.14 -12.30 JAKARTA COMP 4,610.38 +1.89 MANILA COMP 6,639.12 -88.88 SEOUL COMP 1,914.03 -3.02 SHENZHEN B 775.68 +8.37 MUMBAI IND 19,345.70 -2.64 12noon EDT Change DOW 15,581.53 +60.94 NASDAQ 3,634.36 +17.89
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    • 21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 13.328 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
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  • 798 1  -  By CAI HAOXIANG [SINGAPORE] Unfazed by a grim industry outlook and ghosts of bookstores past, mainboard-listed Popular Holdings has doubled down on the book retail business. It has acquired the Borders Singapore brand and will open a Borders bookstore in Jurong East’s upcoming Westgate
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  • Page 1 Advertisements
    • 118 1 PROPERTY White House Park GCB up for auction PAGE 40 SPECIAL FEATURE Swiss National Day PAGES 21-30 COMPANIES SGX waves goodbye to show of hands, offshore AGMs PAGE 5 COMMENTARY Auditor independence still solid here PAGE 33 **********04 a o 'x l'ii 23 O/ I (-Hop O */?D 1000 M
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  • TOP STORIES
    • 345 2 DBS’s Danamon bid dead in the water DBS’s long-drawn, 16-month attempt to buy Bank Danamon Indonesia has collapsed, but not everyone is unhappy. Some analysts believe that the end of the saga could spell higher dividends. FRONT PAGE Borders back by Popular demand UNFAZED by a grim industry
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    • 676 2  -  Slowdown expected by economists due to high base, policy curbs, region effects By TEH SHI NING [SINGAPORE] Bank loans to businesses and consumers rose 17.7 per cent from a year ago to $532.5 billion at the end of June the slowest pace of loan
      Source: Monetary Authority of Singapore, Monthly Statistical Bulletin  -  676 words
    • 415 2 LATEST US DATA AP [WASHINGTON] The US economy grew from April through June at a seasonally adjusted annual rate of 1.7 per cent, as businesses spent more and the federal government cut less. The Commerce Department said yesterday that growth improved
      AP  -  415 words
    • 619 4  -  Labour market shows signs of easing as businesses restructure: Ministry By LEE U-WEN [SINGAPORE] The unemployment rate in Singapore went up for a second consecutive quarter, although more jobs were created in the country. According to preliminary estimates released by
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    • 399 4  -  By JOYCE HOOI [SINGAPORE] M1’s MiBox is making a play for the English Premier League (EPL). While the fledgling Internet TV service is currently not eligible to cross-carry the EPL matches, it is intent on gaining the regulatory approval to do so
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    • 562 4  -  Ratings downgrade possible after Fitch Ratings review By PAULINE NG in Kuala Lumpur AS the Malaysian currency plunged to multi-year lows against its Singapore counterpart and the US dollar, it may come under even more pressure. It could be battered further with a
      PHOTO: REUTERS  -  562 words
    • 669 4  -  ANZ becomes fourth bank to launch a gold vault here, and is unlikely to be the last By ANDREA SOH [SINGAPORE] Singapore’s rare AAA rating is one of the reasons why gold is finding its way here, says ANZ bank which is
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  • Page 3 Advertisements
    • 165 3 www.vw. com. sg How an executive sedan should be. i m t s P7543 WOB .^ui K iir p y £23 w y t* u UW I AC Bi-xenon headlights. Easy Open boot. Reverse camera with parking guidance. Stylish, sophisticated interior. Celebrate the 40th anniversary of the Passat with amazing
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    • 123 4 the chitecture™ ntuivironment seriBB qP Events For the built Environment F'5= lnterDecAsia2013 interior Decor ft Retrofitting Expo 2013 Asia 2013 International Building Technology Expo PAVING pWAYtoe FUTUHE ©PLIGHT NIG rrr Moving Towards Lkil Future ATING *yg£*“«»a ATING Space Management Utilization Operation ft C Functional ft Capital operate; DECOMMISSION Delivery Management
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  • COMPANY NEWS
    • 600 5  -  Observers welcome new rules by market operator, calling them way overdue By KENNETH LIM SINGAPORE Exchange-list-ed companies will have to hold their general meetings in Singapore soon and conduct poll voting in two years’ time, according to new rules introduced by
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    • 778 5  -  One reason is that business nowadays is so complex By MICHELLE QUAH THE internal audit function is currently not mandatory, but some quarters think that it should be, given how critically important it has become to companies in this day and age. Soh
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    • 355 5  -  By RONNIE LIM EXPLORATION and production player Rex International had a cautious opening of 50.5 cents, just a tad above its 50-cent initial public offering (IPO) price on its Catalist debut yesterday, and then ran up to an intra-day high
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    • 548 7  -  Growing use of data has bearing on stock performance, says Paia Consulting By TEH HOOI LING THE number of companies that published their sustainability reports in Singapore jumped 77 per cent to 23 last year a sign that corporations here are increasingly conscious that they
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    • 277 7 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.02.2014 N*****0H 2012 1/4 2900.00 1/8 1/2 180 100.03 0.19 SG**********
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    • 588 7  -  The group’s primary objective is ‘longterm sustainability’ By NISHA RAMCHANDANI WHILE Tiger Airways’ two cubs, Tigerair Philippines and Tigerair Mandala, are unlikely to start turning profits just yet, the budget carrier is in it for the long haul. “It takes time
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    • 638 8  -  Net profit plunges on unrealised mark-to-market losses By KENNETH LIM UNREALISED mark-to-mar-ket losses drove Great Eastern Holdings’ second quarter off a 77 per cent cliff, despite core operating profit from insurance business growing by 32 per cent to $154.5 million amid widespread improvements in key
      BT FILE PHOTO  -  638 words
    • 117 8 Reuters [LONDON] Hotels group Millennium Copthorne Hotels said trade in Asia remained subdued, particularly in Singapore where competition had increased, as it posted a 27 per cent drop in second-quarter profit. The London-listed company reported pre-tax profit of £38.6 million (S$74.4 million) for the
      Reuters  -  117 words
    • 556 8  -  It retains AA- rating for DBS, UOB, OCBC, unlike Moody’s By SIOW LI SEN STANDARD Poor's Ratings Services said yesterday it has affirmed its ratings on the three Singapore banks. DBS Bank, United Overseas Bank Ltd and OCBC have the same rating: AA-/Stable,
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    • 201 8  -  By JOYCE HOOI STARHUB has launched a high-speed Ethernet network for financial traders which it says is four times faster than the existing one. Called the StarHub Ethernet Low Latency Network, this service guarantees financial trading firms a low latency under one millisecond
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    • 281 8  -  By KENNETH LIM GAMING and cruise operator Genting Hong Kong plans to divest up to a 5.6 per cent stake in Nasdaq-listed Norwegian Cruise Line Holdings for as much as US$352 million, according to regulatory filings yesterday. In total, Genting Hong Kong will
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    • COMPANY BRIEFS
      • 57 8 CACOLA Furniture International reported a net loss of 51 million yuan for the full year ended Dec 31, 2012, 66.2 per cent lower than the year before. Revenue fell 65.2 per cent to 119.9 million yuan. The company said that operating expenses dropped
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      • 50 8 GALLANT Venture recorded a second-quarter net profit attributable to shareholders of $8.5 million, against net losses of $3.5 million a year ago. Revenue was $559.2 million, against $51.4 million previously. The results included the consolidation of PT Indomobil Sukses Internasional Tbk’s from May 2.
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      • 41 8 Elek Eltek’s Q2 profit dives 64% Elec Eltek International Company reported a second-quarter net profit of US$4.2 million, a fall of 64.1 per cent from a year ago as gross profit margin fell. Revenue dipped 3.5 per cent to US$131 million.
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    • 191 8  -  By CARINE LEE ELECTRONIC components manufacturer Europtronic Group is transforming itself into a gold miner and explorer through a reverse takeover deal. It has struck a definitive agreement to acquire full control of China’s Gold Impact Ltd for $160 million.
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    • 231 8  -  By MALMINDERJIT SINGH SINGAPORE-listed premium property developer Hiap Hoe Limited has acquired a 14.9 per cent stake in Ley Choon Group Holdings Limited for $14.5 million. Ley Choon is a locally based underground utilities infrastructure service provider. The developer of luxury and
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  • Page 5 Advertisements
    • 297 5 1 If I 1 w SIHGAPORE AIRLII1E5 A great way to fly A STAR ALLIANCE MEMBER f > vel happie Seoul All-in return SGD VISA INFINITE Tokyo Melbourne All-in return SGD Barcelona All-in return SGD Paris London 3,571 is 3,959 is 4,671 is 6,807 is 6,919 is 7,631 Y000 SblS
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  • SINGAPORE MARKETS
    • 597 6  -  Index hit by Japan and HK losses earlier in the day, continues to slide when Europe opens mixed STOCKS R SIVANITHY Senior Correspondent A WEAK session yesterday saw the Straits Times Index (STI) sliding 23.52 points or 0.7 per cent to 3,221.93 and
      Source: Bloomberg  -  597 words
    • 73 6 Jul 31 VALUE CLOSE BT OB/OS -189.00 -148.00 BT CADI -*****.00 -168.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 763.36 -3.67 FTSE ST Small Cap 568.00 -3.94 FTSE ST All Share 788.79 -5.40 FTSE ST China Top 201.47 -0.56 FTSE ST China 230.81 -0.16 FTSE
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    • 55 6 VOLUME Golden Agri 244,851,000 Rex Intl 165,692,000 FreightLinks 117,515,000 YHM 54,756,000 Innopac 54,753,000 Albedo 49,415,000 SingHaiyi 49,007,000 Oceanus 48,438,000 Xpress 48,041,000 Genting SP 45,848,000 VALUE($) SingTel 134,335,078 Golden Agri 128,919,333 DBS Grp 112,301,326 Rex Intl 92,325,860 OCBC Bk 77,451,230 UOB 76,754,090 Keppel Corp 66,330,150 Genting SP 61,221,919
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 4 0 0 0 4 8 4 Manufacturing 40 71 33 5 14 8 45 85 41 Commerce 14 28 16 3 11 1 17 39 17 Tpt/Stor/Comms 13 20 9
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    • 951 6  -  Compiled by LYNN KAN Singapore Market Strategy Credit Suisse, July 29 INCREASING bond yields started the correction in Asean markets. While yields have stabilised, macro worries have been brought to the fore, which, combined with EPS cuts, hurt performance. In such an environment, the Singapore market, with few
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,301 26,301 114,711 114,711 Manufacturing 418,995 34,581 453,576 168,700 2,691 171,391 Commerce 186,971 85,264 272,235 112,184 4,035 116,219 Tpt/Stor/Comms 266,335 22,289 288,624 285,420 8,292 293,712 Finance 79,250 327 79,577 298,831 149 298,981 Construction 93,793 58,200
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    • 114 6 Stock name Close Change CapMallsAsia 1.995 +0.005 CapitaLand 3.230 -0.020 CapitaMall 2.030 +0.020 CityDev 10.63 -0.110 ComfortDelGro 2.000 +0.010 DBS Grp 16.70 -0.090 GLP 2.840 -0.030 Genting SP 1.325 -0.030 Golden Agri 0.525 -0.020 HK Land 6.770 +0.020 HPH Trust US$ 0.740 +0.005 JMH 54.73 -1.420
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    • 496 6 CURRENCIES Bloomberg [LONDON] The yen and Swiss franc yesterday advanced as Asian stocks fell, boosting demand for safer assets before the Federal Reserve announces its policy decision. Japan’s currency rose to the strongest level in almost five weeks against the US dollar. Fed
      Bloomberg; PHOTO: REUTERS  -  496 words
    • 113 6 BY CENTS CLOSE UP GLD 10US$ ***** 129.7 0.8 DBXT AUD Bonds 5AU$ ***** 113.8 0.5 DBXT FTVietnam 10US$ 2240 61.1 2.2 IS S&P500 ***** 24.2 0.1 STXPO 100 272 22.0 8.8 UOL 698 21.0 3.1 IS MS India 100US$ 580 12.7 1.8 IS ASIA HYG100S$D 1352 12.0 0.9
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    • 117 6 BY CENTS CLOSE DOWN JMH 5473 -180.6 -2.5 JSH 3446 -87.8 -2.0 DBXT MSINDIA 10US$ 791 -56.0 -5.3 Jardine C&C 4032 -47.0 -1.2 Great Eastern 1730 -41.0 -2.3 DBXT MSAsExJp 10US$ 3180 -40.7 -1.0 CombWill 100 50.5 -27.0 -34.8 UOB 2146 -19.0 -0.9 SPDRS S&P 500 10US$ ***** -14.0
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 263 7 Leisure Farm Thank You for Your Overwhelming Support In Our Inaugural Tender for the Limited Release of Bungalow Lots We would like to express our sincere appreciation to all those who participated in the Inaugural tender for our bungalow lots in Leisure Farm. There were over three times the number
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  • Page 8 Advertisements
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  • SINGAPORE NEWS
    • 840 9  -  It will become technologically advanced, highly integrated: Tharman By MINDY TAN THE upgrading of the construction sector, through a combination of “pain and gain” is one that the sector will have to come to terms with. The pain tight
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    • 391 9  -  By NG ZHUO YANG ALMOST twice as many Singaporeans as people of other nationalities let their fingers do their shopping for them they use their smartphones and tablets to make online purchases. Havas Worldwide, a marketing communications agency
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    • 559 9  -  By SAMUEL EE SINGAPORE’S first supercar membership club was launched yesterday and it will offer 100 high-net worth individuals the opportunity to get behind the wheel of a super sports car for a fee. Gran Superdrive is founded by Henry Goh and his associates a
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    • 355 9  -  By MALMINDERJIT SINGH TWO Singapore Press Holdings (SPH) newspapers teamed up with UBS to put together a golf event on Tuesday to promote integration in Singapore. Organised by tabla! and Tamil Murasu, and presented by UBS, the Integration Cup 2013 saw about 120 golfers
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    • 275 9  -  By JACQUELYN CHEOK BENSON Puah has stepped down as CEO of the National Arts Council (NAC) after his tenure ended yesterday, the Ministry of Culture, Community and Youth (MCCY) has announced. Mr Puah, 56, will continue as CEO of The Esplanade Company Ltd (TECL).
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    • 674 9  -  EDB report shows employment outlook also remains positive By MALMINDERJIT SINGH MORE businesses here are expecting a favourable business environment in the second half of the year. In the manufacturing sector, a net weighted balance of 8 per cent of manufacturers anticipate
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    • 153 9 AXA has entered into an exclusive postassurance partnership with Singapore Post Ltd (SingPost) to sell life insurance products via its retail network in Singapore from January 2015. Under the terms of the distribution agreement, AXA will have the exclusive right to market, promote, sell
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  • Page 9 Advertisements
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  • MALAYSIA/INDONESIA
    • 324 10 [KUALA LUMPUR] Malaysian police have identified the main suspect behind the brutal murder of banker Hussain Ahmad Najadi. Kuala Lumpur CID chief, Senior Assistant Commissioner Ku Chin Wah, said the man, known as Sei Ngan Chai (which in Cantonese means “four-eyed guy”), was
      PHOTO: NST  -  324 words
    • 468 10 Price drops range from 0.6% to 6.7%, after launch date is pushed to 2018 Reuters [KUALA LUMPUR] Investors sold off shares in Malaysian oil and gas services firms after Reuters reported that state-owned Petronas will start a planned US$19 billion petrochemical complex in
      Reuters  -  468 words
    • 386 10 [KUALA LUMPUR] Berjaya Group’s Vincent Tan looks poised to make a fresh bid for control of HR Owen plc even as the relationship with the board of directors of Britain’s largest luxury car dealer gets frosty, the Business Times in Malaysia
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    • 226 10 [JAKARTA] The Indonesian government is preparing several short- and long-term mitigation policies to overcome the country’s slowing economic growth caused by uncertainties in the global economy, said Finance Minister Chatib Basri. He said that in the short term, the government will push the realisation
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  • Page 10 Advertisements
    • 94 10 NOW THERE IS A QUICK AND FREE WAY TO SELL YOUR CAR ■‘v 4 < i i i ,1: f I mK s> POST YOUR CAR AD FOR FREE ...pv r*%i .-.-H >>%*. r T f- Vi a* < w. ir i- V\ T.'.w Tr: 1 I y .W If.
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  • 1044 11 Keppel’s community programmes aim to leave a lasting impact wherever the Group operates EVEN as we progress, we have never forgotten our roots and responsibilities to the communities which we are a part of, whose aspirations and long-term well-being contribute to the sustainability and
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  • GREATER CHINA/INDIA
    • 744 12 Bloomberg [NEW DELHI] India has started a search for a new central bank governor after Duvvuri Subbarao said he doesn’t want to be considered for another term, Finance Minister Palaniappan Chidambaram said. Mr Chidambaram confirmed to Bloomberg News a
      Bloomberg  -  744 words
    • 884 12 Regulators’ statements, signs of capital outflow lead to speculation on policy turnaround Reuters [SHANGHAI] Signs that capital is flowing out of China and a recent change in government rhetoric have analysts and dealers speculating about whether Beijing is preparing to make major
      Reuters  -  884 words
  • Page 12 Advertisements
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    • 91 12 You’ve shared with us what gorgeous means to you, Now, it’s time to show us who’s gorgeous because our annual SO Gorgeous People is back. AND WE WANT TO HEAR FROM YOU Sign yourself up or nominate someone at femalemag.com. sg/gorgeouspeople2013. You can also snap and upload a picture of
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  • GOVERNANCE: GAME CHANGER
    • 1841 13  -  Different laws and regulations in different jurisdictions present both complications and opportunities for companies,MICHELLE QUAHreports MICHELLE QUAH WE EXIST in a world where rules and standards differ across jurisdictions, and these differences give rise to the possibility of regulatory arbitrage or the opportunity to exploit regulatory
      PHOTO: REUTERS  -  1,841 words
  • Page 13 Advertisements
    • 155 13 CPA FORUM 2013 SUCCESSFUL GOVERNANCE YOUR GAME CHANGER 9.00 AM 1.00 PM THURSDAY 1 AUGUST 2013 MANDARIN ORCHARD HOTEL The CPA Forum 2013 analyses the critical issues and concerns in corporate governance faced by Singapore companies. Hear our high-level panellists share their views on emerging trends of corporate governance in
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  • ECONOMY WATCH
    • 942 14 Focus on recovery instead of resuming lending delays Europe’s rebound NYT [FRANKFURT] Their US rivals may be rolling in money but for European banks it is still the season of penitence. Quarterly reports by three of the biggest banks in Europe on Tuesday showed
      NYT  -  942 words
    • 697 14  -  BY NEETA LAL in New Delhi PRIME Minister Manmohan Singh has met the country’s leading industrialists in an attempt to allay India Inc’s fears and promised them more reforms in the coming months. The PM’s Council on Trade and Industry meeting on Monday the third
      PHOTO: REUTERS  -  697 words
  • Page 14 Advertisements
    • 653 14 7 ini i»i liil A special Feature brought to you by STPROPERTY .SG Impact Implication oF Total Debt Servicing Ratio (TDSR) on Property Buyers How will this new MAS scheme aFFect your property purchase? m I: wtt*. ■Da iii* ■i ill Will! myi'n i ir-'-r-i WSk •>—• at is 9
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  • WORLD
    • 535 15 It alleges their role in plot to control the market for the instruments Bloomberg [CHICAGO] MF Global Capital LLC has sued Bank of America Corp, Citigroup Inc and nine other financial companies, claiming they were part of a plot to unlawfully
      Bloomberg; PHOTO: AP  -  535 words
    • 715 15 AFP [GENEVA] France’s rush to tax nationals who inherit from Swiss residents will backfire by spurring many wealthy Frenchmen to move to Switzerland, taking their tax euros with them, observers have said. France “has shot itself in the foot, several times”,
      AFP  -  715 words
    • 803 17 Proposal assumes that consumption sales tax is raised to 8% as planned Bloomberg [TOKYO] Japan is considering an 8 trillion yen (S$104 billion) target for budget-deficit cuts over the next two years as officials debate how to proceed
      Bloomberg; PHOTO: AFP  -  803 words
    • 448 17 AFP [WASHINGTON] US senators have pressed regulators to speed up implementation of financial service industry reforms aimed at reducing risks from transactions such as derivatives swaps that contributed to the 2007 financial crisis. Mary Jo White, head of the Securities
      AFP  -  448 words
    • 743 18 Top global producer Uralkali ends output curbs, breaks pact; prices set to tumble Bloomberg [MOSCOW] For the first time in eight years, the US$20 billion global market for the crop nutrient potash is set to become freely traded. In a surprise announcement on Tuesday, OAO Uralkali,
      Bloomberg; PHOTO: BLOOMBERG  -  743 words
    • 408 18 NYT [NEW YORK] Drug maker Pfizer has agreed to pay US$491 million to settle criminal and civil charges over the illegal marketing of the kidney-transplant drug Rapamune, the US Department of Justice announced. The settlement is the latest in a string
      NYT  -  408 words
    • 681 18 Reu ters [PARIS] French bank BNP Paribas unveiled a plan yesterday to boost its presence in Germany, Europe’s biggest and most resilient economy, after fresh cost cuts failed to offset sliding quarterly earnings in markets like Italy. The plan will see BNP, the
      Reuters  -  681 words
    • 334 18 AFP [NEW YORK] A Liechtenstein bank has agreed to pay US$23.8 million to the United States to avoid prosecution for helping Americans evade taxes, officials announced on Tuesday. Preet Bharara, the US attorney for the Southern District of New York, said
      AFP  -  334 words
    • 708 19 But there’s huge disparity across region despite light at end of tunnel AP [LONDON] Further evidence emerged yesterday that the eurozone economy is on the mend after struggling with a recession that’s seen unemployment edge toward the 20 million mark. Figures from Eurostat,
      AP; PHOTO: AFP  -  708 words
    • 406 19 Forecasters wrong that deleveraging would finally be tapering off Re uters [LONDON] Foreign banks accelerated their funding withdrawal from central and eastern Europe in the first quarter of 2013, a report showed on Tuesday, dashing hopes that deleveraging from the
      Reuters  -  406 words
    • 370 19 Transparency move part of reform in wake of money laundering probe AFP [VATICAN CITY] The Vatican bank launched a website yesterday in a drive for greater transparency as it tries to reform following money-laundering accusations against two ex-direc-tors and a deeply in-trigue-ridden history. The ior.va
      AFP  -  370 words
    • 236 19 AP [BANGKOK] Thailand’s 85-year-old king is set to leave the hospital where he has lived since being admitted for lung inflammation four years ago and return to his seaside palace, officials said yesterday. King Bhumibol Adulyadej and Queen Sirikit are scheduled to
      AP  -  236 words
    • 604 19 Reuters [TOKYO] Japan’s biggest banks got a pop in quarterly profits from Prime Minister Shinzo Abe’s economicrevival policies, but the gains reflected surging stock prices while loan growth remained limp, further evidence that “Abenomics” has not yet stoked lasting economic activity. The
      Reuters  -  604 words
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    • 330 16 THE STRAITS TIMES WHEREVER YOU ARE 'Aria Sir-rijs [muffi 0 jjiilib 8*1 buhndz /jnI Ci>V\ KWV\//ri^^S *J ri i p ikMl’ I IT i v mh lirtAu I 'J 3$8u i ft Ik N gig* .'i- T STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe
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  • Page 17 Advertisements
    • 652 17 SINGAPORE ENRICH GROUP PTE LTD WOULD LIKE TO CONGRATULATE ALL THE RECIPIENTS OF THE 2013SINGAPORE EXCELLENCE AWARD SINGAPORE ENRICH GROUP PTE LTD 83 Design Print Pte Ltd A AD Architectural Model Pte Ltd A.D.I Construction Engineering LLP Alan and Guys Hair Salon Alzoe Pte Ltd Angel Face Holding Pte Ltd
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    • 40 18 W W- 3 with LINKIN PARK LIVING THINGS WORLD TOUR 19 AUGUST 2013 8PM STADIUM NASIONAL BUKIT JALIL MALAYSIA Tune in to HOT FM91.3 or log on to www.hotfm.sg for more details! nde m S V facebook.com/hotfmsg 3} ©hotfmsg www.hotfm.sg
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    • 268 18 RSAia NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TRANSFIELD ER CAPE LIMITED (In Liquidation) (BVI Company Reg. No: *****9) NOTICE OF INTENDED DIVIDEND Name of Company Number
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    • 188 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KINDLE SOFTWARE PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****1099Z) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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    • 184 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BEST SYSTEMS CORPORATION PTE LTD |IN MEMBER'S VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****5801K) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      184 words
    • 135 18 ENG HENG COMPANY PRIVATE LIMITED (In Voluntary Liquidation) (Company Reg. No. 1966-*****-C) NOTICE IS HEREBY GIVEN PURSUANTTO SECTION 308 OF THE COMPANIES ACT, CAR 50 THAT A FI NALGENERAL MEETING OFTHE COMPANY WILL BE HELD ON THE 26 th AUGUST 2013 AT 10.00 AM. AT 9 KELANTAN LANE #06-01, SINGAPORE
      135 words
    • 184 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WELLCOME STEEL EQUIPMENT (PRIVATE) LIMITED (Company No: *****0241E) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members
      184 words

  • Page 19 Advertisements
    • 889 19 NOTICES THEATLAS ICE COMPANY, BERHAD (INCORPORATED IN MALAYSIA)(1302-W) NOTICE OF DIVIDEND AND CLOSURE OF BOOKS The Board of Directors has declared an interim single tier dividend of 10 sen per stock unit in respect of the financial year ending 30 September 2013 which is payable on 06 September 2013. NOTICE
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  • Page 20 Advertisements
    • 293 20 Best of Both Worlds humanc«P,TA L PEOPLE I NETWORK AND BE INSPIRED AT «ig on X. Ix'x FOR ASIA I ASIA'S LEADING HUMAN CAPITAL EVENT S 'J TE^ i', cnaaaaa THE BUSINESS TIMES SUBSCRIBE TODAY BBT ONLINE BBT HOME DELIVERY The Business Times Raffles Conversation ~r k -1* Mil The
      293 words

  • SWISS NATIONAL DAY
    • 1096 21  -  Switzerland and Singapore, with their small populations and limited natural resources, have much to learn from each other.VINCENT WEE gets the views of Swiss Ambassador to Singapore Thomas Kupfer VINCENT WEE SWITZERLAND and Singapore share many similarities, but although they are often compared with each other,
      PHOTO: ARTHUR LEE  -  1,096 words
    • 975 22  -  BASSIhighlights the work and achievements of the Swiss Business Association, Singapore, which is now in its 25th year MARIO BASS I The writer is vice-chairman, Swiss Business Association, Singapore. SBA is an open networking platform and welcomes anyone as a member who has
      975 words
    • 1494 24  -  Opportunities abound for Singapore and Switzerland to cooperate in promoting entrepreneurship, innovation and R&D. By Vincent wee ByVINCENT VINCENT WEE THE TRADITIONAL image of Switzerland is not one of a centre of entrepreneurship, innovation and start-ups. This is something the Swiss have been working hard
      PHOTOS: SWISSNEX SINGAPORE, FUTURE CITIES LABORATORY  -  1,494 words
    • 1115 26  -  Synergies in the banking sector are helping to keep the economies of Switzerland and Singapore increasingly intertwined. By Vincent wee BY VINCENT WEE THE DEVELOPMENT of Singapore and Switzerland as financial centres has been well documented, with the reputation of Singapore having crept up
      PHOTO: BLOOMBERG  -  1,115 words
    • 990 27  -  Canton Vaud views Singapore as a good economic partner and is sending a 30-strong mission to the Republic at the beginning of September.VINCENT WEEfinds out more VINCENT WEE THE CANTON of Vaud in the west of Switzerland wants to position itself as a research and
      990 words
    • 1451 28  -  They are using Singapore as a base to customise products that match unique Asian tastes and needs, reportsVINCENT VINCENT WEE THE INVOLVEMENT of Swiss companies in the Singapore economy is wide-ranging among the various sectors and at different levels, showing the deep level of
      PHOTOS: METALOR TECHNOLOGIES, BLOOMBERG  -  1,451 words
    • 1213 29  -  The resumption of direct flights between Singapore and Zurich is making it easier for travellers from this part of the world to experience Swiss hospitality first hand. By vincent wee BY VINCENT WEE IN THE world of tourism, few things embody the positive relations
      PHOTO: AFP  -  1,213 words
    • 1103 30  -  The Swiss apprenticeship system provides a direct route to qualified employment for two-thirds of its young people. It is an educational approach that Singapore is keen to learn from, writes vincent wee writesVINCENT writesVINCENT WEE THE SWISS education system is one that is widely admired, and
      PHOTO: REUTERS  -  1,103 words
  • Page 21 Advertisements
    • 88 21 CLARIANT innovation drives us forward.« WHAT IS PRECIOUS TO YOU? WWW.CLARIANT.COM Infinite colors and materials Fewer preservatives in cosmetics >• i iV m A Biofuel out of straw THIS IS CLARIANT: SPECIALTY CHEMICALS CREATING VALUE Our goal is to deliver new products that make life more beautiful, safer, and more
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  • Page 22 Advertisements
    • 157 22 EFG Bank The Best Global Private Bank in Asia For the 2nd year running: Best Global Private Bank in Asia as voted in 2013 Asiamoney Private Banking Poll by HNWIs with US$ 1 5 m and US$ 5.01– 25 m AUM also Overall Best Private Bank in Hong Kong (2nd
      157 words
    • 123 22 m t&frSZ 3 OF, m r M k M A PASSION FOR PERFECTION At Swissotel The Stamford, you are assured of the highest standards of quality reliability and genuine Swiss hospitality Strategically located in the heart of Singapore with world-class shopping, dining, entertainment, business opportunities, and majortransportation nodes at its
      123 words

  • Page 23 Advertisements
    • 37 23 00 CVJ X XluH i Q Wft P.ix 2 BE LU EQ P5 3S -J dh OYSTER PERPETUAL DAY-DATE IN P LATIN U M ROLEX THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE. TEL: 6830 5100 FAX: 6235 0183
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  • Page 24 Advertisements
    • 119 24 IMAGINE A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have steered a course through over 40 financial crises. Imagine a bank that's been looking forward for seven
      119 words

  • Page 25 Advertisements
    • 236 25 Combining 212 years of experience, 50 locations worldwide and 2 leading teams with 1 single goal to offer you: the new reference in private banking. Julius Baer welcomes all clients of Merrill Lynch’s International Wealth Management outside the U.S. Through the perfect combination of private client heritage and investment expertise
      236 words

  • Page 26 Advertisements
    • 42 26 A~., r‘~.H :6 cl l .5‘w7 /> f V. "K1 .2 I l ‘g. w. I V ‘H. A I... Q’ E 1 [C 0 O O on “xx I VI 5 up he “I jdIflOn,%g;;3:;¢ _I. U: .-2' C H olcl m
      42 words
    • 128 26 Save the Date Discover the main center of business and innovation in Switzerland in the heart of Europe The government of the Canton of Vaud, in cooperation with the Embassy of Switzerland is pleased to invite you to participate in its seminar BUSINESS OPPORTUNITIES IN CANTON OF VAUD Tuesday, October1st,2.30pm
      128 words

  • Page 27 Advertisements
    • 42 27 The worldwide leading gold refiner Now in Singapore M I I Metalor provides high-quality bullion products and refining services Swiss-made expertise since 1852 For more information, please contact our Singapore office at: +65 68 63 16 00 sales.sg@metalor.com www.metalor.com M ETALO R®
      42 words

  • Page 28 Advertisements
    • 127 28 We move 1 billion people per day Urban Mobility is Our Business Founded in Switzerland in 1874, the Schindler Group is a leading global provider of elevators, escalators and related services. Its innovative and environmentally-friendly access and transit-management systems make an important contribution to mobility in urban societies. We are
      127 words

  • Page 29 Advertisements
    • 112 29 Exquisitely crafted High-end life insurance combined with private banking asset management L A t In today’s complex financial environment, you face increasing uncertainty with greater financial exposure. Designed to meet your wealth and legacy planning needs. Private Placement Life Insurance can provide financial peace of mind for you by safeguarding
      112 words

  • Page 30 Advertisements
    • 102 30 Ji f 'w -'r r* K BFj, i i y -'.-r-Vp WMk r; ii m Si mm .Tit m ■sffi sfts t-Si 1 9?? -a ill; S'M m. m mriS S/->■:.«,■«%;■ Y;v.''>v ;v/ :.r m ||i|te mm f A* ■S# EART MADE. HAND FINISHED. Created with Swiss precision and high
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  • AVIATION/SHIPPING
    • 417 31  -  Export orders on the decline while AsiaPacific market continues shrinking By NISHA RAMCHANDANI THE global air freight market showed signs of life in June with a slight increase in volumes, although growth remained on the weak side. According to a report by
      417 words
    • 361 31 AP [TOKYO] The CEO of Delta Air Lines is urging the Japanese government to open the country’s skies to greater competition from foreign airlines. Richard Anderson said yesterday that protection of domestic carriers is holding back foreign airlines such as
      AP  -  361 words
    • 422 31 Re uters [HONG KONG] China’s largest bulk shipper, China Cosco, may sell some of its US$1.6 billion in property assets to avoid a delisting after it flagged a first-half loss, weighed down by a global shipping industry slump. The state-controlled company has posted losses
      Reuters  -  422 words
    • 857 31 Expansion projects costing Europe ports up to 10b euros Bloomberg [LONDON] Europe’s busiest container terminals are seeing their margins put under pressure as they expand to cater to the world’s largest box ships at a time when economic weakness is hurting volumes.
      Bloomberg; PHOTO: AFP  -  857 words
    • 242 31 Reuters [PARIS] Air France could cut up to 3,000 more jobs as part of parent group Air France-KLM’s latest cost reduction plans, a union said, as Europe’s weak economy thwarts the carrier’s turnaround efforts. The company said last Friday that it
      Reuters  -  242 words
    • 241 31 SGX '000 Jul 31 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 168 Cosco Corp 0.75 -0.01 1512 Ezra Hldgs 0.87 0.01 4994 First Ship Lea unch unch 0 Freight Links 0.12 0.01 *****5 Grand Banks............unch unch 0 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0.17
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  • Page 31 Advertisements
  • Page 31 Miscellaneous
    • 365 31 CRYPTIC CROSSWORD Across 1 Fascinating gent in car wandering around end of town (10) 6 Full one may be seen just before you get to a capital (4) 9 Trader working morning or evening originally (10) 10 11 Down Festival’s right to change to offer a big emotional experience (4,2,5,5)
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  • EDITORIAL & OPINION
    • 491 32 EDITORIAL THE closer that countries come to confrontation, the more difficult it becomes to step back from the brink of disaster. How many times has history proved the truth of this statement and yet nations in North-east Asia seem oblivious to the potential consequences of
      491 words
    • 801 32  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent FINALLY, I think I may have figured out what “Abenomics” is all about. And believe me, it’s taken quite some doing, with all those little “arrows” being fired off in all directions by the man who gave
      801 words
    • 983 32  -  This would not only help eurozone’s periphery but could also keep Britain in the union REUTERS BREAKINGVIEWS By HUGO DIXON THE European Union (EU) is ripe for a big, new singlemarket push. Deepening the single market would do a lot for the
      PHOTO: BLOOMBERG  -  983 words
    • 1095 33  -  Singapore’s ethical code, standards on quality control and regulatory oversight sufficient to keep things on even keel By LIM AI LEEN The writer is executive director of technical knowledge centre and quality assurance, Institute of Singapore Chartered Accountants. UDITOR independence has once again come under
      FILE PHOTO  -  1,095 words
    • 869 33  -  By SEET MIN KOK The writer is a senior lecturer at SIM Global Education, and a council member of the Economic Society of Singapore THE issue of when the quantitative easing in the United States might end has kept Asian
      PHOTO: AFP  -  869 words


  • 1361 34 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL NOU SUVA BUS APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA RIO CHARLESTON 1304E 31 Jul 11 Aug SOUTH ISLANDER
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  • Page 34 Advertisements
    • 47 34 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business Times Shippiis call joe wor> 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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  • SINGAPORE STOCKS
    • 3115 35 Transaction date: Jul 31 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 188 106 AIMSAMPIReit M Cap High Low Company 75 57 ASL Marine
      3,115 words
    • 201 36 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil jnch
      201 words
    • 11155 36 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local Gey SD Bond ....0.9988/ EM Local Ccy Bond .0.9394/ European
      11,155 words
    • 258 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A43 -1.5 16 43 43 43 47 3.6 8.1 3.5 159.2 52 31 Genting HK US$ US44 +1 4675 44 43 43.5 44 2897.2
      258 words
    • 848 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115.5 -0.4 25 116 115.5 115 115.4 527.2 143 120.4 CIMB APAC Div 100S$D 127.7 133.7 134.6 114.4 99 CIMB
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  • FINANCE & COMMODITIES
    • 634 37 Jul 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.55 *****.03 *****.21 Sep13 *****.00 *****.00 *****.00 *****.00 *****5 *****9 Dec13 *****.00 *****.00 *****.00 *****.00 4 ***** MSCI TAIWAN INDEX FUTURES SPOT 289.21 289.39 287.19 Aug13 287.80 288.40 284.40 284.40 ***** *****7 Sep13 284.50
      634 words
    • 373 37 In local curr In S$ In US$ dy yr dy yr dy yr Jul 30 Index Change Change Change Change Change Change World Preliminary 1085.7 0.4 15.7 0.5 17.5 0.2 13.0 EAFE Preliminary 880.3 0.6 13.7 0.5 12.2 0.2 7.8 Europe Preliminary 1256.0 0.3 9.5
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    • 471 37 Jul 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 5.540 0.680 7.009 55.203 92.916 0.884 10.148 2.935 1.131 91.944 39.254 1.150 8.914 0.838 27.101 28.322 0.594 0.904 Canada 1.074 5.948
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    • 53 37 Jul 31 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 3 mths 9 mths 12 mths 9 mths
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    • 92 37 Jul 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****N 24-Jan-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.04 100.09 100.09 5-Year N*****0T 0.5
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    • 133 37 Jul 31 GOLD(US$/oz) Jul 30 Jul 31 Hong Kong 1335.70 1340.00 Jul 29 Jul 30 London 1329.25 1324.61 1330.11 1325.45 Source: Thomson Reuters CAST BAR Jul 31 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 55 5gm 349 273 10gm 623 546
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    • 57 37 Jul 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2280.0 2293.0 2281.0 2270.0 172 1380 Sep 13 2272.0 2266.0 2281.0 2251.0 2885 ***** Oct 13 2232.0 2236.0 2245.0 2217.0 ***** ***** Nov 13 2220.0 2229.0
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    • 155 37 Jul 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1495 1.1500 0.9037 0.9040 Canadian dollar 1.2340 1.2348 0.9707 0.9701 Euro 1.6895 1.6897 1.3282 1.3283 NZ dollar 1.0163 1.0165 0.7990 0.7991 Sterling pound 1.9366 1.9374 1.5225 1.5230
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    • 109 37 Jul 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1350.00 1367.50 1379.75 1347.75 Sep 13 1249.00 1272.00 1280.00 1247.25 Nov 13 1203.00 1220.00 1224.75 1200.00 Jan 14 1208.00 1225.50 1229.75 1204.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
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    • 95 37 Jul 30 COCOA (£/tonne) Close Prev High Low Sep 13 1555 1543 1563 1536 Dec 13 1547 1537 1555 1529 Mar 14 1541 1529 1549 1522 May 14 1544 1531 1552 1526 COFFEE(US$/tonne) Close Prev High Low Jul 13 1842 1864 1842 1842 Sep 13 1876 1898 1904 1871
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    • 1140 37 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.1 1 123 1283 89.00 10 Exer Acma Ltd W*****7 Prem Albedo Limited W*****9 1.6 unch ***** Ascendas Reit.ES.1307 Gear- Mths Ascendas Reit MB
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    • 70 37 CRUDE OIL PRODUCTS Jul 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.97 -0.65 WTI (Near Mth) 103.08 -1.34 Dubai (1-Mth F) 103.73 -0.05 Tapis blend 113.96 -0.20 Minas 106.66 -0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.56 0.42 Jet Kerosene 122.00 0.42 US$/barrel OpecOil Basket
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    • 22 37 Jul 31 S$ Bid Offer 1-month 1.2720 1.2721 2-months 1.2719 1.2722 3-months 1.2720 1.2722 6-months 1.2720 1.2724 Source: OCBC
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    • 65 37 Jul-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1729.00 1748.50 3 months 1776.00 1795.00 Copper, Grade A(US$/tonne) Cash 6725.00 6865.00 3 months 6735.00 6878.00 Lead(US$/tonne) Cash 2019.00 2055.50 3 months 2030.00 2065.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • 121 37 As at 9am Jul 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.180 1.124 Can dollar 1.256 1.208 Euro 1.726 1.644 Sterling pound 1.973 1.898 NZ dollar 1.041 1.001 US dollar 1.297 1.236 Local dollars to 100 units of foreign
      121 words
    • 157 37 Jul 31 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.65 0.45 12
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  • PROPERTY
    • 922 38 While GDP weakens for H1, prices of both new and existing homes continue to rise Xinhua [BEIJING] While China’s top leadership has vowed to maintain steady growth in the second half of 2013, rising property prices amid a continuous economic slowdown are ringing
      Xinhua; PHOTO: AFP  -  922 words
    • 349 38 PROPERTY TRANSACTIONS BETWEEN JULY 3 AND JULY 6, 2013 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 3 NON-LANDED Echelon Apt 05/07/2013 99 1313 2118 1613 District 4 NON-LANDED The Interlace Apt 04/07/2013 99 3154 4139 1312 District
      349 words
    • 1395 39 Industry hopes new rules to prevent another crash won’t hurt many buyers WP [WASHINGTON] The US home ownership rate, which soared to a record high 69.2 per cent in 2004, is back where it was two decades ago, before the housing bubble inflated, burst
      WP; PHOTO: BLOOMBERG  -  1,395 words
    • 625 40  -  GCB sales slow down in first half of 2013 from second half of 2012: CBRE By KALPANA RASHIWALA A GOOD Class Bungalow (GCB) at 24 White House Park will go under the hammer on Aug 27. The indicative price for
      625 words
    • 367 40 Bloomberg [SHANGHAI] Chinese developers’ stocks rose the most in a week after the government’s ruling Politburo endorsed the development of the property market. The Shanghai Stock Exchange Property Index advanced 2.1 per cent at the close of trading, the biggest
      Bloomberg  -  367 words
  • Page 38 Advertisements
    • 141 38 Stunning Contemporary Architecture Pristine Condition Land 8643 sqft/Built up SOOOsqft 5 en-suite bedrooms Infinity Swimming Pool Gourmet Western/Asian Kitchen Walking Distance to Beaches, Restaurants Dramatic Waterway/ Marina Bay views Spacious Entertainment Room Park 4 cars/ Manicured Landscape OWNER *****915/*****682 Sale by Expression of Interest Rare Prime Location: 6-storey Industrial Building
      141 words

  • Page 39 Advertisements
    • 442 39 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. a '.i -J 'Sam T.rl" INCOME GENERATING ASSETS 'Benefitfirom secure and regular income returns plus long-term asset appreciation- Commercial Buildings in business district with 3-4% returns
      442 words
    • 197 39 m UNIQUE OPPORTUNITY BESPOKE BOUTIQUE HOTEL FOR OVERSEAS INVESTORS An outstanding heritage hotel with a one-of-a-kind facade. Building dating from 1920's. Fully equipped/Designer Decor Conservation/Upmarket/near 3 MRTs/ Zoned for Hotel Use/Fully Commercial Foreigners Can Buy! No additional Stamp Duty No Capital GainsTax on resale caii 6222 5055 for details. Exclusive
      197 words
    • 206 39 GOODWOOD RESIDENCE Freehold (Prime D10) Close proximity to Orchard Road 1km to ACS Designed by WOHA (Multi-award winning architect) Choice units available (3 4 brm) READY SOON! Viewing By Appointment. 9178 0096 Connie Koh(CEA No. R*****9A) SUNSHINE PLAZA Strata Office Units for Sale •Unit size from 484 sq ft •Prices
      206 words
    • 64 39 LUXURY APARTMENTS PRICED TO SELL FOREIGNERS ELIGIBLE PARKVIEW ECLAT Grange road, Selling Below Valuation, 3br 2896sf, Quality finishes, fine details. THE PATERSON 2br, 1216sf, Unblocked, motivated seller. GOODWOOD RESIDENCE Sneak preview of actual views. Register now. DEI TIONG HAM RESIDENCE Garden villa, approx, 5000sf, nestled in good class bungalow enclave.
      64 words

  • Page 40 Advertisements
    • 279 40 Movenpick white Sand Beach Pattaya 15 years Rental Guarantee up to CO/q* O p.a. BUYBACK i i l f S 3-' </i/ I r 1 J I-. y PROPERTY SHOWCASE 2nd to 4th AUGUST Date Time; 2 Aug, 6pm 9pm Date Time: 3 4 Aug, 11am 5pm Venue: M Hotel,
      279 words
    • 381 40 BIG Hotel at 200 Middle Road Brand New Freehold Hotel for Sale ji Dhoby Ghaut Peace Parklane Centre Shopping Mall POMO Sunshine Plaza Citadines Singapore Wilkie Edge Mount Sophia SELENE RD a cc LU _J D O La Salle College of the Arts Singapore Pool Building bencoolen ST Bencoolen (U/C)
      381 words