The Business Times, 15 August 2013

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1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, August 15, 2013
    25 words
  • Article, Illustration
    Lock icon Battered AUD sits heavy on SingTel’s plate
    752 1  -  Telco’s Q1 profit up 7% but falling Aussie dollar may hit its earnings and revenue in FY2014 By JOYCE HOOI [SINGAPORE] A strong showing from SingTel’s associates boosted the telco’s first-quarter profit, but the outlook for the rest of its financial year was
    Source: Bloomberg, compiled by BT  -  752 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,248.66 (+4.54) GST INDEX FUTURES 3,234.00 (+5.00) HSIMSCI 369.50 (-0.24) HSIMSCI FUTURES 368.20 (-0.60) US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.543 1.958 EURO (US$/S$/€ 1.327 1.684 Foreign currency per US$ S$ YEN 98.20 77.40 RM 3.274 2.579 HK$ 7.755 6.110 BAHT 31.33 24.68 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,793.73 -1.36 NIKKEI 225 14,050.16 +183.16 HANG SENG Closed SET INDEX 1,460.63 +1.55 JAKARTA COMP 4,699.73 +47.34 MANILA COMP 6,656.61 +101.99 SEOUL COMP 1,923.91 +10.88 SHENZHEN B 822.43 +0.23 MUMBAI IND 19,367.59 +137.75 12noon EDT Change DOW 15,365.35 -85.66 NASDAQ 3,674.57 -9.87
      47 words
    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 13.279 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon Bosses may face legal liability for financial statements
    771 1  -  Options explored to raise quality of financial reporting By MICHELLE QUAH [SINGAPORE] Chief executive officers and chief financial officers in Singapore may soon be legally liable for their certifications that their companies’ financial statements are true and fair. This possibility was touched
    771 words
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      Lock icon Page 1 Advertisements Column 1
      117 1 EMERGING ENTERPRISE His own boss despite little education page 12 COMPANIES Sias Research sets off on new Voyage PAGE 6 PROPERTY Prime office space, five shophouses up for sale PAGE 27 8 *****1 *****4 Manual winding mechanical movement with calibre FM 1700, developed and manufactured in-house by FRANCK MULLER®. 18K
      117 words
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      30 1 ABENOMICS Property plays upbeat about Japan’s new dawn PAGE 2 SingTel will fight to keep EPL customers, Page 2 Many firms pass the buck on financial statements: survey, Page 2
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  • TOP STORIES
    • Article
      Lock icon Prop plays upbeat about Japan’s new dawn
      979 2  -  Reits with Japan exposure say Abenomics is good for business By ONG CHOR HAO [SINGAPORE] It’s still early to tell if the initial shine from the so-called Abenomics policies in Japan will wear off, but property plays here with exposure to the Land
      979 words
    • Article
      Lock icon Many firms pass the buck on financial statements: survey
      473 2  -  By MICHELLE QUAH [SINGAPORE] A shockingly large number of companies here think that the main responsibility for producing a set of financial statements lies with their external auditors rather than themselves. This was one of the key findings in a report
      473 words
    • Article, Illustration
      Lock icon Deal for Sentosa Resort & Spa being stitched
      500 2  - Deal for Sentosa Resort Spa being stitched Price for 215-room property around $1 million per room By KALPANA RASHIWALA [SINGAPORE] Sentosa Resort Spa (formerly known as The Beaufort Singapore) is close to being sold, BT understands. The pricing for the 215-room property is likely to be around $1 million per
      500 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      359 2 Battered AUD sits heavy on SingTel’s plate A STRONG showing from SingTel’s associates boosted its Q1 profit, but the outlook for the rest of its financial year was brought Down Under by the emaciated Australian dollar. FRONT PAGE Bosses may face legal liability for financial statements CEOs and
      359 words
    • Article, Illustration
      Lock icon SingTel will fight to keep EPL customers
      584 2  -  It intends to do so with EPL extras like live streaming By JOYCE HOOI [SINGAPORE] SingTel’s group CEO has vowed to win back English Premier League (EPL) viewers disillusioned by mio TV’s service disruption in May last year. “There may be some customers
      PHOTO: BLOOMBERG  -  584 words
    • Article, Illustration
      Lock icon Ad data shows professional jobs leaving Singapore
      610 4  -  Business costs here pushing firms to cheaper hubs in Asia: Robert Walters By CHUANG PECK MING [SINGAPORE] Job advertisments for professional positions in Malaysia, Hong Kong and China in April-June rose faster than in Singapore. And one of the likely reasons why they
      610 words
    • Article, Illustration
      Lock icon KL not planning to sell MAS, Idris clarifies
      438 4  -  By in S JAYASANKARAN in Kuala Lumpur MALAYSIA Airlines System’s (MAS) former chief executive Idris Jala has clarified that the federal government has no plans to sell the airline. The Performance Management and Delivery Unit (Pemandu), which is headed by Mr Idris,
      438 words
    • Article
      Lock icon Fed tapering may start in Sept: poll
      528 4 65% say Fed will begin with small US$10b monthly cut Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke next month will probably reduce the central bank’s US$85 billion in monthly bond purchases, according to 65 per cent of economists surveyed by Bloomberg. The Federal
      Bloomberg  -  528 words
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      209 3 i k r 1 I I <1 v I <1 V K The Sharan. The ultimate MPV. Class-leading performance. The Sharan has a 2.0 TSI engine with 200 bhp and a 6-speed DSG gearbox giving it a 0-100 km/h time of just 8.3 seconds. And it still has amazing fuel
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      230 4 n rvois Chatsworth Road Bishopsgate Grange Road Tanglin Road ft N *s ie* 80 3# n»mi H ■*F T Wit V m 0 m tSi ;j a U/£es\£s 6W-, Mon Jervois is nestled in Singapore's prestigious Embassy Row of the Chatsworth-Bishopsgate-Tanglin enclave. Time just seems to stand still in the
      230 words
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      Lock icon Page 5 Advertisements Column 1
      394 5 TechnoFIBRE launches Liferaft Services to celebrate 20 years of service excellence. Singapore based TechnoFIBRE, a Pan-Asian lifeboat and davit service company with presence in 6 countries, has launched its newest liferaft service station in Singapore, making it its third, after TechnoFIBRE Middle East LLC in Sharjah, UAE, and TechnoFIBRE International
      394 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SIAS Research sets off on new Voyage
      649 6  -  It splits from advocacy group in bid to maintain profitability By KENNETH LIM SIAS Research, the equity research arm of the Securities Investors Association Singapore (SIAS), has split from its parent and the retail shareholder advocacy group’s focus on the mass market in
      PHOTO: ARTHUR LEE  -  649 words
    • Article, Illustration
      Lock icon Consolidation doubles UE’s Q2 earnings to $15.4m
      453 6  -  By CAI HAOXIANG THE financial effects of one of Singapore’s largest corporate takeovers this year have boosted United Engineers’ (UE) net profit to $15.4 million for its second quarter ended June 30, up 107 per cent from $7.4 million a year ago. The
      453 words
    • Article
      Lock icon Taxes, wages keep ThaiBev Q2 flat
      416 6  -  By KENNETH LIM THAI Beverage Public Co posted a flat second quarter as lacklustre sales persisted in most business segments. The food and beverage (F&B) group said net profit attributable to shareholders eased 2 per cent in the three months ended June 30 to
      416 words
    • Article
      Lock icon GLP Q1 profit rises 33% on revaluation gains
      505 6  -  By MALMINDERJIT SINGH BOOSTED by revaluation gains, Global Logistic Properties (GLP) reported higher earnings for its fiscal first quarter despite a fall in revenue. For the three months ended June, GLP’s profit after tax and minority interests (Patmi) rose 33.3 per cent
      505 words
    • Article
      Lock icon IndoAgri Q2 net plunges 74% to 65.9b rupiah
      411 6  -  By ANDREA SOH INDOFOOD Agri Resources’ earnings continued on their downward slide for the third consecutive quarter as lower selling prices for key plantation crops and higher production cost impacted the bottom line. Second-quarter net profit plunged 74 per cent to 65.9
      411 words
    • Article
      Lock icon Kingsmen Q2 earnings up 4.3% at $5.4m
      322 6  -  By CAI HAOXIANG DESIGN and production company Kingsmen Creatives reported a net profit of $5.4 million for its second quarter ended June 30, up 4.3 per cent from $5.2 million a year ago. Revenue was up 12.7 per cent at $79.9 million, from
      322 words
    • COMPANY BRIEFS
      • Article
        Lock icon LionGold proposes new-share placement
        85 6 LIONGOLD Corp is proposing a private placement of up to 180 million new shares at $1.***** apiece, a 10 per cent discount on the volume-weighted average traded price on Tuesday. It will also issue 135 million warrants at two cents each, which can be converted into
        85 words
      • Article
        Lock icon Best World Intl buys Chinese pharma firm
        68 6 BEST World International has entered into a legally binding sale and purchase agreement for the acquisition of Zhejiang SolidGold Pharmaceutical Co Ltd. Best World said the acquisition will make it vertically integrated and unlock value of existing product licences in China. It plans
        68 words
      • Article
        Lock icon CIMB debuts online trading portal
        73 6 CIMB Securities has launched i*Trade@CIMB, its online portal offering investors an enhanced online trading experience. CIMB said it is the first broker to house its online trading platform within co-location facilities at the Singapore Exchange for fastest access to market data and trade execution systems.
        73 words
    • Article, Illustration
      Lock icon Tat Hong shares hit by poor Q1 results
      586 7  -  Shares slide 15%; Australia slowdown hurts distribution business By CAI HAOXIANG TAT Hong Holdings shares plunged 15 per cent yesterday after poor first-quarter results, wiping $100 million off the company’s market capitalisation. At market close, the crane supplier was trading at a
      Source: Bloomberg  -  586 words
    • Article
      Lock icon Haw Par’s Q2 earnings fall 8.7% to $52.6m
      281 7 HAW PAR Corporation’s net profit fell 8.7 per cent to $52.6 million in the second quarter from $57.6 million a year ago, as it did not include contributions from a Hong Kong associate that publishes only six-monthly results with a later reporting
      281 words
    • Article
      Lock icon Far East’s 5% stake fans interest in GSH
      349 7  -  GSH narrows loss to US$817,000 for six months ended June By MINDY TAN GSH Corporation was the top traded stock by volume yesterday, propelled by news that Far East Organization has become a substantial shareholder with a stake of 5.06 per cent.
      349 words
    • Article
      Lock icon Global Invacom’s H1 net soars
      294 7  -  By NG ZHUO YANG GLOBAL Invacom’s net profit for its first half ended June 30 jumped to US$3.4 million from US$375,000 a year ago, driven by stronger contributions after revenue consolidation that followed a recent reverse takeover (RTO). The satellite equipment provider’s revenue for the
      294 words
    • Article, Illustration
      Lock icon ComfortDelGro profit for Q2 rises 6%
      515 10  -  Revenue up 2.7% to $908.4m; interim dividend of 3 cents a share declared By ANNABETH LEOW COMFORTDELGRO posted a net profit of $68.9 million for the second quarter, up 6 per cent. The rise in profit after tax and minority interests came on the
      ST FILE PHOTO  -  515 words
    • Article, Illustration
      Lock icon Mixed Q2 results for marine companies
      318 10  -  Otto Marine back in the black; Swiber profit plunges By MALMINDERJIT SINGH TWO Singapore-listed marine groups reported mixed second-quarter earnings yesterday highlighting the industry’s cost pressures and declining demand. Otto Marine (Otto) swung back to the black in the three months ended June 30,
      PHOTO: REUTERS  -  318 words
    • Article
      Lock icon STX Pan Ocean’s Q2 loss narrows to US$24.7m
      306 10  -  By JASMINE NG STX Pan Ocean, South Korea’s biggest commodities shipping line, posted a narrower loss in the second quarter, while revenue fell 32 per cent on lower freight rates. The company made a net loss of US$24.7 million for the three
      306 words
    • Article
      Lock icon At a glance
      1150 10 Six months ended June 2013 NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Thai Beverage 343.4 382.4 -10.0 3115.5 3361.3 -7.0 2 Comfort Delgro 126.6 118.5 6.8 1779.2 1740.3 2.2 3 Hotel Properties 75.0 52.3 43.4 320.2 261.2 22.6 4 Straits Trading 69.4
      1,150 words
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      96 words
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      Lock icon Page 7 Advertisements Column 1
      140 7 THE SHOPPES AT MARINA BAY SANDS PRESTIGE AUGUST MAN present 1 JJk C A vw ges ■6 r**r 1. ;V V' 'H r*i m W* '5^ SfcASW Nk A WATCH AND JEWELLERY EXHIBITION NOW TILL 25 AUGUST 2013 Showcasing the patrimony and history of a selection of iconic watch and
      140 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall St leaves S’pore market drifting
      543 8  -  With the index inching up to a 4.54 points gain at 3,248.66, punters turn their attention to penny stocks STOCKS R SIVANITHY Senior Correspondent THE local stock market had an indifferent session yesterday following a similar pattern on Wall Street overnight and the closure
      Source: Bloomberg  -  543 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 5 0 0 0 6 5 5 Manufacturing 51 50 43 7 7 11 58 57 54 Commerce 17 22 20 4 3 6 21 25 26 Tpt/Stor/Comms 12 15 14
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,207 14,207 40,038 40,038 Manufacturing 372,748 62,510 435,258 130,843 3,782 134,624 Commerce 536,392 126,325 662,717 126,942 5,339 132,281 Tpt/Stor/Comms 162,249 25,984 188,233 131,236 9,239 140,475 Finance 185,575 4,311 189,886 178,086 1,787 179,873 Construction 132,647 80,572
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.980 -0.010 CapitaLand 3.260 CapitaMall 2.010 -0.010 CityDev 10.71 -0.030 ComfortDelGro 1.960 -0.010 DBS Grp 17.39 +0.070 GLP 2.800 -0.020 Genting SP 1.385 Golden Agri 0.510 +0.005 HK Land 6.930 HPH Trust US$ 0.740 -0.005 JMH 55.31 +0.310 JSH 34.75 -0.060
      113 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Aug 14 VALUE CLOSE BT OB/OS -345.00 +73.00 BT CADI -*****.00 -46.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 757.15 -4.95 FTSE ST Small Cap 559.57 -5.14 FTSE ST All Share 791.87 -0.52 FTSE ST China Top 200.32 -0.81 FTSE ST China 231.29 -0.38 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME GSH Corp 353,710,000 Tritech 106,352,000 Innopac 97,891,000 SingHaiyi 88,430,000 Golden Agri 76,951,000 FreightLinks 76,218,000 K1Ventures 74,371,000 Albedo 68,556,000 Unionmet 65,375,000 CCM Grp 62,460,000 VALUE($) DBS Grp 73,883,702 Tritech 57,242,970 SingTel 50,002,330 UOB 43,679,051 Golden Agri 38,721,990 GSH Corp 27,809,882 CapitaLand 26,788,370 Tat Hong 26,033,910 GLP 23,210,660
      54 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Venture Corporation
        369 8 Aug 14 close: S$7.29 Maybank Kim Eng Research, Aug 14 Q2 2013 earnings was poorer by 10 per cent y-o-y but recovered q-o-q by 7 per cent to S$30 million. The better q-o-q comparison was driven by higher revenue in particular from its Test Measurement segment, where Venture
        Source: Bloomberg  -  369 words
      • Article, Illustration
        Lock icon ST Engineering
        412 8  -  Compiled by TEH SHI NING Engineering Aug 14 close: S$4.29 OCBC Investment Research, Aug 14 ST Engineering (STE) reported Q2 2013 results that were generally in line with our expectations and the street’s. Revenue grew 1.7 per cent y-o-y to S$1.60 billion, and profit after tax and minority
        Source: Bloomberg  -  412 words
      • Article
        Lock icon Glossary
        112 8 EPS earnings per share Ebitda earnings before interest, tax, depreciation amortisation NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) q-o-q quarter-on-quarter ROE return on equity RNAV revised net asset value TP target price y-o-y year-on-year YTD year to date Disclaimer: All analyses, recommendations
        112 words
    • Article, Illustration
      Lock icon Euro gives up gains against dollar despite eurozone recovery
      505 8 CURRENCIES Reuters [LONDON] The euro made fleeting gains against the dollar yesterday after data showed the eurozone had emerged from its longest recession to date in the second quarter. However, elevated US Treasury yields and growing expectations that the Federal Reserve
      Reuters; PHOTO: AP  -  505 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 3219 115.5 2.9 DBXT MSKorea 10US$ 5574 97.7 1.4 JMH 5531 39.3 0.6 DBXT MSTHAI 10US$ 2036 34.3 1.3 Jardine C&C 4057 32.0 0.8 DBXT FTChina25 10US$ 2834 27.9 0.8 UOB 2200 21.0 1.0 DairyFarm 1120 20.3 1.4 Lyxor Asia 10US$ 457
      106 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -149.7 -0.9 IS S&P500 ***** -41.9 -0.2 Tat Hong 93 -16.0 -14.7 SPDRS S&P 500 10US$ ***** -15.2 -0.1 UOL 650 -14.0 -2.1 DBS Bk 4.7% NCPS 100 ***** -12.0 -0.1 Isetan 450 -10.0 -2.2 Star Hub 424 -10.0 -2.3 F&N 556
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      254 11 BEST-IN-CLASS Successful delivery of Noble Mick O’Brien, the first in a series of six Friede Goldman JU3000N Harsh Environment Jack-up Rigs to Noble Drilling. INNOVATION EXCELLENCE W A R D 2007 WINNER 7 I ■s^x. i Si? -rft-; r, zmm ■1 m n 1/ IOBLf ■ICk b R'es T I
      254 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Chinese SMEs here prefer Indonesia over China: poll
      424 12  -  Indonesia may be seen as source of low-cost labour as mainland wages rise By ANNABETH LEOW INDONESIA has overtaken China as a preferred investment destination for small and medium-sized enterprises (SMEs), Singapore Chinese Chamber of Commerce and Industry (SCCCI) president Thomas Chua
      424 words
    • Article
      Lock icon Masters Football Sixes to return with strong sponsors
      597 12  -  By MALMINDERJIT SINGH THE Masters Football Sixes is coming back to town in October, but its organisers have scored even before a ball is kicked the tournament has secured strong sponsors. Foreign exchange trading firm IG Markets was yesterday unveiled as the
      597 words
    • Article, Illustration
      Lock icon His own boss despite little education
      901 12  -  Christopher Tan’s tenacity and acumen led to the success of Smartec By JASMINE NG LACK of education made this man work harder and prove his mark. Smartec’s director Christopher Tan, who barely passed his Primary School eaving Examination, went from being a technician to
      PHOTO: ARTHUR LEE  -  901 words
    • Article
      Lock icon $25m govt funding to help pre-schools meet rising costs
      648 12  -  ECDA’s development grant for childcare centres enhanced By KELLY TAY SMALL to mid-sized preschool operators can now combat rising cost pressures with even more assistance from the government. The Early Childhood Development Agency (ECDA) yesterday announced that it has set aside
      648 words
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      90 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 yourself
      90 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesian energy regulator head detained by graft body
      536 13 Rubiandini being questioned on bribery allegations involving oil company Bloomberg [JAKARTA] Indonesia’s an-ti-graft agency has detained the head of the country’s energy regulator on bribery allegations linked to an oil company, officials said yesterday. Rudi Rubiandini was held by the Corruption Eradication
      Bloomberg  -  536 words
    • Article
      Lock icon Felda looking for land in Asean, Africa: report
      431 13 [KUALA LUMPUR] Felda Global Ventures Holdings Bhd (FGV) is scouting for land in the Asean region, Cameroon and Nigeria, Malaysia’s Business Times newspaper reported yesterday. The oil palm planter is banking on new acquisitions to help it become one of the world’s
      431 words
    • Article, Illustration
      Lock icon Indonesia central bank seen holding key interest rate
      513 13 Reuters [JAKARTA] Indonesia’s central bank is likely to keep its main interest rate on hold at today’s monthly meeting, but some economists doubt it will be able to avoid another hike in coming months to battle high inflation and help a sliding
      Reuters; PHOTO: REUTERS  -  513 words
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      327 13 MANCHESTER 1824 Manchester Business School Manchester Business School presents Sustainability and Emerging Risks: Are You Exposed? This seminar will discuss the importance of non-financial risk management and strategic sustainability as a critical business driver, and its role in building business value in the future. It will provide participants with practical
      327 words
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      Lock icon Page 13 Advertisements Column 2
      67 13 One click makes everything click. Be ready for tomorrow with Traders Smart Stay. From airport transfers and breakfasts, to dining and laundry credits, pre-book it at tradershotels.com for peace of mind. You will also receive free Wi-Fi and the best rate, guaranteed. So why not customise every detail of your
      67 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s July inflation hits 5-month high
      576 14 5.79% WPI is above analyst forecasts and beyond RBI’s comfort level Re uters [NEW DELHI] India’s headline annual inflation rate rose to a five-month high of 5.79 per cent in July as oil import costs and food prices were pushed up by a weaker
      Reuters; PHOTO: BLOOMBERG  -  576 words
    • Article
      Lock icon Citic’s Australian iron ore project delayed again
      355 14 Reuters [MELBOURNE] China’s Citic Pacific has said that repairs at its Australian iron ore project were taking longer than expected and gave no date for starting shipments from the vastly over-budget US$8 billion project, already around four years behind schedule. The latest delay
      Reuters  -  355 words
    • Article
      Lock icon Foreign firms being made scapegoats in China: analysts
      651 14 Regulators seen unwilling to launch probes into local firms AFP [BEIJING] A host of foreign pharmaceutical and baby formula firms have been investigated by Chinese regulators in recent weeks, but analysts say they have become convenient scapegoats for consumer anger over high
      AFP  -  651 words
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      Lock icon Page 14 Advertisements Column 1
      223 14 STPROPERTY.SG The Best of Malaysia’s Properties Bin Are In Town FREE Registration www.stproperty.sg/showcase for quicker access. 25 August 2013,9:30 am to 4 pm Stamford Foyer, Level 4, Raffles City Convention Centre, 80 Bras Basah Road, Singapore *****0 Discover Malaysia’s finest properties under one roof The STProperty Showcase STProperty partners with
      223 words
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  • ECONOMY WATCH
    • Article
      Lock icon Germany, France pull EU out of recession in Q2
      602 15 Growth in Germany and France, at 0.7% and 0.5% respectively, surpass US growth of 0.4% Reuters [BRUSSELS] The German and French economies grew faster than the United States in the second quarter, pulling the eurozone out of its longest recession. Growth
      Reuters  -  602 words
    • Article
      Lock icon Best quarterly figure since Hollande took office
      400 15 President trying hard to boost confidence in consumers Bloomberg [PARIS] The French economy posted its best quarterly expansion since President Francois Hollande came to power in May 2012 as export demand lifted factory output. Gross domestic product (GDP) grew 0.5 per cent in
      Bloomberg  -  400 words
    • Article, Illustration
      Lock icon Aussie consumer confidence rises after rate cut
      400 15 Reu ters [SYDNEY] A measure of Australian consumer confidence swung higher in August as the latest cut in interest rates seemed to make people feel better about their own finances, a promising omen for consumption in the months ahead. The survey of 1,200
      Reuters; PHOTO: REUTERS  -  400 words
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      117 words
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  • WORLD
    • Article, Illustration
      Lock icon US TV industry turns to tablets to stay in the air
      637 16 Americans spending more time with Internet than in front of TV: survey AFP [NEW YORK] Having turned print media upside down, the Internet is now disrupting television, forcing broadcasters to adapt to tablets and video-on-demand to hold onto views
      AFP; PHOTO: AP  -  637 words
    • Article
      Lock icon No power-sharing after Sept 7 polls: Aussie opposition
      438 16 Reuters [CANBERRA] Australia’s opposition, tipped to sweep looming elections, yesterday ruled out power-sharing with minor parties and independents in a promise aimed at closing off three years of minority rule that has shaken voters and business confidence. Opposition Leader Tony Abbott, whose
      Reuters  -  438 words
    • Article
      Lock icon UK unemployment stays at 7.8% as BOE holds steady
      439 16 Bloomberg [LONDON] Britain’s unemployment rate remained at 7.8 per cent in the second quarter amid signs that the labour market is improving as the economy gains momentum. The jobless rate as measured by International Labour Organization (ILO) standards was unchanged from
      Bloomberg  -  439 words
    • Article
      Lock icon Rules on nuclear state aid likely to divide EU
      789 17 EU executive said to favour nuclear financing; rift between anti, pro-nuclear nations likely to widen Reuters [BRUSSELS] European Union rules to be published over the coming weeks could make it easier to justify using taxpayers’ money to fund new nuclear power,
      Reuters  -  789 words
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      Lock icon Hyundai Motor’s union workers may go on strike next week
      698 17 Reuters [SEOUL] Hyundai Motor Co’s 45,000 union workers in South Korea may go on strike as early as next week over unmet demands including a one-off payment of US$2.45 billion from the company’s record 2012 profit and gold medals for
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    • Article
      Lock icon July producer prices flat as car costs decline
      580 18 Core wholesale prices increase 0.1%, less than analyst forecasts LATEST US DATA Bloomberg [WASHINGTON] Wholesale prices in the US unexpectedly were little changed in July, reflecting the biggest drop in auto costs in four years. The steady reading in the producer price
      Bloomberg  -  580 words
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      Lock icon Honouring the dead – Africa style
      837 18 Honouring the dead Africa style Insurers thrive on continent’s booming funerals business Reuters [JOHANNESBURG] From fish-shaped coffins to slaughtered bulls, funerals in Africa are lavish affairs, providing a lucrative opportunity for insurance companies looking for business in some of the world’s fastestgrowing economies. Many of the insurance industry’s big money-spin-ners
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      Lock icon Koreas vow not to repeat Kaesong closure
      514 18 Both sides are still working to reopen the industrial zone AFP [SEOUL] North and South Korea agreed yesterday to work on reopening a joint industrial zone shut down in April amid soaring military tensions and vowed to prevent its closure being repeated. But
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      Lock icon Novartis will review its small units, says new chairman
      436 18 Reu ters [ZURICH] Less than two weeks into the job, Novartis AG’s new chairman is seeking to appease investors by suggesting the Swiss drugmaker will review some of its underperforming businesses in coming weeks. Global drugmakers have stepped up the pace
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      2308 16 mma notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices ipco IPCO INTERNATIONAL LIMITED (Company Registration Number *****2747M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the 21st Annual General Meeting of the Company will be held at the registered office of the
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      206 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FAMILY DINASTY PTE. LIMITED (In Members’Voluntary Liquidation) Company Registration No. *****2075N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Members of
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      97 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PIONEER PANDA PTE. LTD. (Company Registration No: *****9609Z) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a FINAL MEETING of the Members
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      652 17 Power Up Your Leadership Competency Who should attend: CEOs, Directors, Managers, Team Leaders, Sales Managers and other general management professionals who want to develop their leadership skills. Productivity and Credit (P/q Claimable 2013 AUGUST SERIES FULL-DAY WORKSHOPS How To Grow As A Leader This workshop will introduce you to the
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      591 18 Doing Business, The New Normal ARE U IN? A market upheaval is in progress and it is already challenging the way we traditionally do business. This breed of entrepreneurs called ‘technopreneurs’ are fast changing the business landscape, from crowd-funding to how they ‘disrupt’ the market and expeditiously grow their companies.
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      321 19 THE STRAITS TIMES WHEREVER YOU ARE (5r F r r c 1 I —f 4 r r\ ~WEe STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and pick your gift! 3-Year Rian 3-Yeor Plan is exclusive to new
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  • EDITORIAL & OPINION
    • Article
      Lock icon Beyond plugging the gaps
      476 20 EDITORIAL THE move now to have Singapore’s public sector bosses take direct oversight of procurement audits comes in the wake of recurring lapses some involving multi-million-dollar sums in various statutory boards and government agencies over the past few years. The new reporting regime for permanent secretaries
      476 words
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      Lock icon Adapting to and gaining from working flexibly
      950 20  -  Productivity, competitiveness can be improved with a more fluid, community-based approach By TIM HARRIS The writer is Managing Director for British Telecom’s South East Asian (SEA) operations, based in Singapore JAMES, a project manager, starts his day from one of the desks in
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      Lock icon Time to rebuild multilateral principles and institutions
      833 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent REMEMBER the International Monetary Fund (IMF) anyone? Maybe it’s a little unfair to pose the question in such a blunt and facetious manner, but the way things are going it may not be too long before
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      Lock icon Time to actively plan for indirect taxes
      1475 21  -  With Asia-Pacific govts turning to GST or VAT to raise revenue, non-compliance and errors will cost businesses dearly By KOH SOO HOW The writer is Partner and Asia-Pacific Indirect Taxes Network Leader, PwC Singapore E-mail: soo. how. koh@sg.pwc. com This is an ex
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      Lock icon Why should Summers take the helm at Fed?
      867 21  -  MAUREEN DOWD NYT [WASHINGTON] I HAVE no doubt that Larry Summers can speak truth to power. Indeed, I’ve seen him yawn at power. Once, when Vice-Presi-dent Joe Biden was talking to a small group at a holiday party, Mr Summers yawned, checked
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  • SHIPPING/AVIATION
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      Lock icon Cathay H1 earnings miss analyst estimates
      663 22 Airline cites drop in cargo volumes and falling yields despite rise in passengers Bloomberg [HONG KONG] Cathay Pacific Airways, Asia’s biggest international carrier, reported first-half profit that missed analyst estimates as cargo revenue dropped and declining yields in North Asia masked gains from carrying
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      Lock icon US authorities file lawsuit to block airlines’ merger
      664 22 NYT [NEW YORK] After a decade of rapid consolidation in the US airline industry, the Justice Department filed a lawsuit on Tuesday to block the proposed merger between American Airlines and US Airways, which would create the world’s largest airline. The move,
      NYT; PHOTO: AP  -  664 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 22 SGX '000 Aug 14 S$ +/-Vol CH Offshore 0.42 unch 94 Chuan Hup Hldg 0.26 0.01 296 Cosco Corp 0.72 unch 1555 s$ Ezra Hldgs 0.89 unch 1467 First Ship Lea CH Offshore Freight Links unch Grand Banks.............0.33 0.01 10 Jaya Hold Ltd 0.26 K1Ventures 0.19 0.02 *****
      242 words
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      Lock icon ANA finds wiring defects in 3 Dreamliners
      307 22 Bloomberg [TOKYO] ANA Holdings Inc, the world’s largest operator of Boeing Co’s 787 aircraft, said it found wiring defects in three of its Dreamliners, a discovery that prompted rival Japan Airlines Co to order a flight back home. ANA found improper wiring for
      Bloomberg  -  307 words
    • Article
      Lock icon WL Ross founder expects rebound in shipping by 2014-end
      346 22 Bloomberg [LONDON] Wilbur Ross, the billionaire founder of WL Ross Co, aims to expand his bet on a recovery in the shipping industry as curbs imposed by China on its shipyards help end a vessel glut and US oil and gas
      Bloomberg  -  346 words
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  • Page 22 Miscellaneous
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      353 22 CRYPTIC CROSSWORD Across 1 A civil rector sadly becoming too judgmental (12) 9 Get rid of French author, tearing page right out (4) 10 Make absolute assertions as scoundrel friend is being taken in (9) 12 Socialist finding heavenly types wrong-headed (6) 13 A little creature, one day buried, to
      353 words
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  • Article
    Lock icon The Business Times Shipping times
    1290 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH
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      34 23 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 SI IH FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3071 24 Transaction date: Aug 14 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 8.8 3.1 A-Sonic Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 188 106 AIMSAMPIReit
      3,071 words
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      Lock icon SGX CATALIST
      233 25 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 PIE Smil 25.5
      233 words
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      Lock icon UNIT TRUST & FUNDS
      10936 25 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 0 9955/ Asian Smaller Cos!** 1.9792/ EIV Local Ccy Bond 0.9392/ European
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      Lock icon GLOBALQUOTE
      262 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A45 unch 7 45 45 43 46 3.6 7.8 3.7 166.6 52 31 Genting HK US$ US44.5 -0.5 3122 45 44 44 44.5 2930.1
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      Lock icon SGX ETF
      857 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115.5 114 115.5 115.5 114.1 116 527.2 143 120.4 CIMB APAC Div 100S$D 133.5 133.5 134.4 114.4 99 CIMB APAC
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      588 26 Aug 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.74 *****.16 *****.18 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****7 Dec13 *****.00 *****.00 *****.00 *****.00 31 ***** MSCI TAIWAN INDEX FUTURES SPOT 281.21 281.21 278.69 Aug13 279.30 280.10 277.20 278.90 ***** *****7 Sep13 278.70
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 13 Index Change Change Change Change Change Change World Preliminary 1093.5 0.3 16.6 0.5 18.2 0.0 13.9 EAFE Preliminary 896.3 0.9 15.7 0.7 14.2 0.2 10.1 Europe Preliminary 1283.8 0.5 11.9
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      Lock icon INTERBANK CROSS RATES
      471 26 Aug 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 5.574 0.687 7.063 55.877 93.729 0.894 10.191 2.981 1.139 93.342 39.845 1.156 9.100 0.852 27.329 28.531 0.590 0.911 Canada 1.061 5.912
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    • Article
      Lock icon SIBOR
      51 26 Aug 14 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 3 mths 9 mths 12 mths Source: Thomson
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      Lock icon GOVERNMENT SECURITIES
      90 26 Aug 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****V 07-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.03 100.05 100.05 5-Year N*****0T 0.5
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      Lock icon PRECIOUS METALS
      134 26 Aug 14 GOLD(US$/oz) Aug 13 Aug 12 Hong Kong 1346.30 1339.00 Aug 12 Aug 13 London 1340.94 1326.26 1341.80 1327.05 Source: Thomson Reuters CAST BAR Aug 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 345 270 10gm 616 539
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      Lock icon PALM OIL
      57 26 Aug 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2375.0 2334.0 2375.0 2375.0 34 686 Sep 13 2332.0 2330.0 2335.0 2307.0 1271 8435 Oct 13 2308.0 2290.0 2308.0 2275.0 ***** ***** Nov 13 2300.0 2277.0
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      Lock icon INTERBANK CURRENCY RATES
      155 26 Aug 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1554 1.1564 0.9106 0.9107 Canadian dollar 1.2253 1.2267 0.9661 0.9657 Euro 1.6829 1.6845 1.3264 1.3266 NZ dollar 1.0143 1.0152 0.7994 0.7995 Sterling pound 1.9571 1.9590 1.5425 1.5428
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Aug 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1359.75 1373.75 1386.50 1358.00 Sep 13 1257.75 1256.50 1269.00 1252.50 Nov 13 1227.75 1225.25 1240.00 1221.50 Jan 14 1232.50 1230.00 1245.00 1226.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13
      109 words
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      Lock icon LIFFE
      95 26 Aug 13 COCOA (£/tonne) Close Prev High Low Sep 13 1633 1655 1655 1611 Dec 13 1638 1655 1655 1617 Mar 14 1628 1639 1640 1606 May 14 1628 1637 1639 1608 COFFEE(US$/tonne) Close Prev High Low Sep 13 1932 1974 1979 1903 Nov 13 1908 1955 1958 1883
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1093 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 (’000) Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Albedo Limited W*****9 Disc Ascendas Reit MB ECW*****3 3.2 0.2 240 7 Asiatravel.com HoldingsW*****7 0.2 1 25 11 Asiatravel.com
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Aug 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.40 1.47 WTI (Near Mth) 106.59 0.44 Dubai (1-Mth F) 104.83 1.73 Tapis blend 116.64 1.57 Minas 109.34 1.57 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.56 1.64 Jet Kerosene 124.34 1.98 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 26 Aug 14 S$ Bid Offer 1-month 1.2688 1.2698 2-months 1.2687 1.2699 3-months 1.2688 1.2699 6-months 1.2687 1.2702 Source: OCBC
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      Lock icon LONDON METALS
      66 26 Aug-13 Aug-13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1833.55 1837.55 3 months 1881.00 1885.00 Copper, Grade A(US$/tonne) Cash 7251.75 7227.75 3 months 7275.00 7251.00 Lead(US$/tonne) Cash 2168.50 2184.25 3 months 2180.00 2196.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.179 1.123 Can dollar 1.246 1.199 Euro 1.720 1.639 Sterling pound 1.994 1.918 NZ dollar 1.034 0.995 US dollar 1.293 1.232 Local dollars to 100 units of foreign
      121 words
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      Lock icon INTERBANK RATES
      161 26 Aug 14 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
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      Lock icon Prime office space, five shophouses up for sale
      414 27  -  Peninsula Plaza office floor is held in 4 strata lots; shophouses’ area is about 11,759 sq ft By MINDY TAN THE sixth floor of Peninsula Plaza is up for sale, with a guide price in excess of $32.5 million. Based on the
      414 words
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      Lock icon Allied Irish goes after home-owners who won’t pay
      1118 27 LAT-WP [DUBLIN] At the headquarters of Allied Irish Banks in Dublin’s embassy belt, chief executive officer David Duffy is taking aim at borrowers who refuse to repay their home loans. Strategic defaulters, homeowners who can pay but won’t, account for 20 per
      LAT-WP; PHOTO: BLOOMBERG  -  1,118 words
    • Article
      Lock icon Househunt
      449 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN JULY 17 AND JULY 23, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 19/07/2013 99 1206 2760 2289 District 5 NON-LANDED Newest
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    • Article
      Lock icon Aussie home loan market set to get livelier
      735 27 Reuters [SYDNEY] Australia’s home lending market, dominated by four major banks, is ripe for a shake-up as investors rediscover their appetite for mort-gage-backed securities, setting the scene for more competition, an explosion of new issues and lower rates. This, in turn, could
      Reuters  -  735 words
    • Article, Illustration
      Lock icon RMG sells Thong Sia units for $120m
      515 28  -  It expects to book net gains of $40.8m in deal with Buxani Group MD By TEH SHI NING RAFFLES Medical Group (RMG) is selling the commercial podium of Thong Sia Building to Kishore Buxani, managing director of the Buxani Group, for $120 million,
      FILE PHOTO  -  515 words
    • Article
      Lock icon Blackstone buys GE apartments for US$2.7b
      415 28 Bloomberg [SEATTLE] Blackstone Group LP agreed to buy 80 apartment properties for about US$2.7 billion in one of its largest forays into the US multi-family market, a person with knowledge of the deal said. The biggest manager of private-equity real estate funds is acquiring
      Bloomberg  -  415 words
    • Article
      Lock icon PE firm to sell California hotel
      211 28 Bloomberg [SEATTLE] Blackstone Group LP, the largest manager of private-equity real estate funds, has agreed to sell its London West Hollywood hotel in California to Northwood Investors LLC for US$195 million, said a person with knowledge of the deal. Northwood is under contract to
      Bloomberg  -  211 words
    • Article, Illustration
      Lock icon Huang readies new Iceland bid with fresh govt
      484 28 Chinese billionaire still interested in building huge resort Bloomberg [REYKJAVIK] Chinese billionaire Huang Nubo is ready to put his money into developing property in Iceland as the new government reviews investment laws that had blocked his previous bids. “If we get a
      Bloomberg  -  484 words
    • Article, Illustration
      Lock icon Mixed projects growing in popularity
      1050 29  -  They are a rational answer to higher-density living as urban populations surge, reports MINDY TAN MINDY TAN WITH the rise of burgeoning cities in Asia has come a boom in urban populations and an accompanying strain on transport networks. It is perhaps inevitable that mixed-use
      FILE PHOTO  -  1,050 words
    • Article
      Lock icon China to unveil long-term plan for healthy property market
      438 29 Xinhua [SANYA, Hainan] China is expected to unveil in the next three months a plan for a long-term mechanism to nurture the healthy development of the real estate market, a senior industry official said yesterday. The plan outlining measures on urbanisation
      Xinhua  -  438 words
  • Page 27 Advertisements
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      81 28 FOR LEASE BRAND NEW LIGHT INDUSTRIAL AT ALJUNIED write is»t TOP Soon 5 mins walk to Raya Lebar MRT Sizes: 9,000 to 80,000 sq ft approx. High Ceiling Sharon Chan R*****1D 9112 2063 Dominic Peters R*****1G 9825 2101 www.savills.com.sg I savills AUGUST ISSUE OUT NOW! TABLETS DESIGNED FOR BUSINESSES 3
      81 words
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      Lock icon Page 28 Advertisements Column 2
      62 28 HOT PROPERTY m i s?rnf-d £N 5 ,D rr n° DERN 3-sty 2132/2500 cf r 2 sty+ a ttic amenfe° StB,9miis fer.4rm, terr°4 m f° R 0 sf '"ter MRT.P/ fu b r tT4.8K e n e g Neari EAST HOUSES FOR RENT Check this and many other properties in
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      107 28 FOR SALE BY TENDER coveted CHANCERY enclave FREEHOLD D11 Detached House Site Area 2,223.4 sq m (23,932 sq ft) MP 2008, zoned “Residential“ within Bukit Tunggal GCB Area Rare, regular shaped plot not affected by road line Exclusive scenic living Tender Closing 9 September 2013, 3pm For all enquiries, please
      107 words
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      Lock icon Page 28 Advertisements Column 4
      186 28 PARKWAY MANSION ENBLOC SALE Site area approximately 3,620.9 sqm Master plan 2008 Plot ratio 2.8 Panoramic seaview from 9-storey onwards 5 mins walk to Parkway Parade i12 Katong 5 mins drive to Marina Bay Finance Centre 5 mins walk to East Coast Park via underpass Within 2km radius of good
      186 words
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      322 29 f ml m ■iff. International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with Sales Leasing of the following types of assets 3 4
      322 words
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      Lock icon Page 29 Advertisements Column 2
      259 29 Good Class Bungalow for Tender East Sussex Lane Land Area approx 15,100 sq ft Built Up approx 11,500 sq ft 21/2storey, 6 ensuite rooms 27 meters lap pool 3 covered car porches Excellent design, Quality furnishings Tender Closing 16 September 2013, 3pm For enquiries, please contact: Agency Licence No. L*****08E
      259 words
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      Lock icon Page 29 Advertisements Column 3
      319 29 112, 113, 114, 115 116 AMOY STREET 5 Adjoining Prime Refurbished Shophouses With Lifts Site Area: Approx. 11,759 sq ft Gross Floor Area: Approx. 27,000 sq ft Strategically located within CBD Next to Telok Ayer MRT Station Unique design with historical charm Efficient single floor plate layout on ground floor
      319 words
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      493 30 m\ L Jr The Parkhouse L-y+>Z 5* J *T u"W«t; i*. r- fc -W II T. I 't A* m WJ&w&N, sr ne wmmi JK m* i m .<» i v -a r?<; Isis S*s 'A >->i'%";•■» V L*SVfe *'■%*»'i-Z&S.. 'i; <V- _i.r Impression Last Opportunity To Own a First-Class
      493 words