The Business Times, 3 July 2014

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Microfilm: NL33180
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, July 3, 2014
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  • Article, Illustration
    Lock icon Mixed manufacturing readings cloud outlook
    684 1  -  Singapore’s overall PMI in June slips to 50.5 while electronics PMI rises to 50.7 By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] The Republic’s purchasing managers’ index (PMI) slipped again in June to 50.5 lower than May’s 50.8 reading and even the apparent uptick in the electronics
    FILE PHOTO; Source: Singapore Institute of Purchasing & Materials Management  -  684 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,263.91 (+21.27) GST INDEX FUTURES 3,259.00 (+21.00) GSIMSCI 371.32 (+2.35) GSIMSCI FUTURES 370.10 (+2.40) US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.715 2.137 EURO (US$/S$/€ 1.367 1.704 Foreign currency per US$ S$ YEN 101.50 81.40 RM 3.203 2.570 HK$ 7.750 6.219 BAHT 32.39 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,886.84 +7.72 NIKKEI 225 15,369.97 +43.77 HANG SENG 23,549.62 +358.90 SET INDEX 1,491.81 +6.06 JAKARTA COMP 4,908.27 +23.45 MANILA COMP 6,850.60 +23.99 SEOUL COMP 2,015.28 +16.28 SHENZHEN B 841.42 +0.06 MUMBAI IND 25,841.21 +324.86 12 noon EDT Change DOW 16,965.22 +9.15 NASDAQ 4,463.90 +5.25
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.35 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 15.399 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon More governance effort needed for group’s units
    860 1  -  Parent firm pays price for failures at these units: study By michquah@sph.com.sg MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] More needs to be done by boards and regulators alike to improve the corporate governance of groups such as entities with a parent company and subsidiaries,
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      149 1 PROPERTY Five Club St shophouses on the market for $22m PAGE 28 OPINION Polls put two faces of Indonesia on display PAGE 20 COMPANIES Wilmar, First Pacific lower bid for Goodman Fielder PAGE 4 TOUGHER REGIME MAS to reveal details of illicit money cases PAGE 2 *****1 11 *****4 Official!
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  • TOP STORIES
    • Article
      Lock icon MAS to reveal details of illicit money cases
      528 2  -  It’ll also stop issuing $10,000 notes; formalise screening of bank customers By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday sounded a stern warning to financial institutions over breaches in laws linked to anti-mon-ey laundering and counterterrorism financing.
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    • Article, Illustration
      Lock icon Hawkish Fed if unemployment beats expectations
      859 2  -  By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] Unemployment in the US will fall faster than the Federal Reserve expects, said Keith Wade, chief economist and strategist of fund manager Schroders. This can lead to wage growth that ultimately results in the Fed raising interest rates
      859 words
    • Article, Illustration
      Lock icon Plan for the worst, hope for the best
      414 2  -  REUTERS BREAKINGVIEWS By ANTONY CURRIE JAMIE Dimon’s illness puts succession planning centre stage. The JPMorgan boss has throat cancer curable he says, in a letter to staff revealed late on Tuesday, but serious nonetheless. As distasteful as it may seem to put
      PHOTO: BLOOMBERG  -  414 words
    • Article
      Lock icon Corporate treasuries in Asia still too basic in their approaches: PwC
      722 2  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Corporate treasuries in Asia are still using far too rudimentary techniques to manage their risks, even though those risks have grown significantly in this economic climate, says a study of 117 organisations across
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    • Article
      Lock icon THREE-MINUTE DIGEST
      535 2 Mixed manufacturing readings cloud outlook THE Republic’s purchasing managers’ index (PMI) slipped again in June to 50.5 lower than May’s 50.8 reading and even the apparent uptick in the electronics sector masked underlying weaknesses. FRONT PAGE More governance effort needed for group’s units MORE needs to be done
      535 words
    • Article, Illustration
      Lock icon Football fever in US looks set to stay
      620 3  -  Fans now know more than just David Beckham or Mia Hamm, who helped the US win the Women’s World Cup in 1999 COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent I T wasn’t too long ago when not many people in the United States
      PHOTO: REUTERS  -  620 words
    • Article
      Lock icon Rousseff gets election kick out of World Cup
      534 3 Bloomberg [BRASILIA] Brazil’s national team must still win two games to make it to the World Cup final. But President Dilma Rousseff has already won, scoring ahead of October’s elections as the tournament so far has the whiff of success. Protests that
      Bloomberg  -  534 words
    • Article
      Lock icon Fifa sec-gen concedes match-fixing concerns
      199 3 Xinhua [RIO DE JANEIRO] Fifa secretary-general Jerome Valcke has admitted concerns about match fixing in international football. In an interview with Brazilian television channel Sportv, he said that there was no way of knowing if games played during the World Cup had been manipulated. “It
      Xinhua  -  199 words
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      54 3 f *> O H R N A L I *rm CAR SHOE Patented in 1963 y. '.r< mnm m j i w ?*'V J I Wjdm d #11 i SINGAPORE SHOP 1-26, LEVEL 1, ION ORCHARD Tel +65 6238 0142 MILAN ROME CAPRI FORTE DEI MARMI LONDON DUBAI HONG KON'
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  • COMPANY NEWS
    • Article
      Lock icon Wilmar, First Pacific lower Goodman bid
      631 4  -  There were concerns over investments needed to turn food company around By ANGELA TAN angelat@sph.com.sg SINGAPORE’S Wilmar International and Hong Kong’s First Pacific have lowered their joint takeover bid for Goodman Fielder after four weeks of due diligence led to concerns over the investments
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    • Article
      Lock icon Olam CEO identifies six challenges
      331 4  -  Group has activist role to play in environmental responsibilities By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT THE chief executive officer of Olam International has identified six developmental challenges which industry stakeholders, including Olam, have to address this century. Sunny Verghese, also the group managing director of the
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    • Article, Illustration
      Lock icon Limited profit boost for SIA’s initiatives: analysts
      414 4  -  B)’ NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Airlines (SIA) is unlikely to receive a substantial boost to profits in the current operating environment from new jointventure airlines in India and Thailand as well as from its KrisFlyer Spree retail website, an analyst report said.
      BT Graphics, Source: Bloomberg  -  414 words
    • Article
      Lock icon LionGold whiplashed by Australian units’ suspension
      382 4  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT AS junior gold miner LionGold Corp continues to struggle to get its financial house sorted out in painstaking baby steps, the pressure is spilling over to some of its key assets abroad. Less than two weeks after the firm
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    • Article, Illustration
      Lock icon Tech, healthcare sectors attractive: Credit Suisse
      456 7  -  Japan, Taiwan and India are the bank’s three top Asian market picks By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT TECH and healthcare are two attractive sectors for investors now, said Credit Suisse private banking and wealth management’s AsiaPacific chief investment officer, Fan Cheuk Wan. Meanwhile, Japan,
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    • Article
      Lock icon GIC consortium invests US$106m in China dairy
      139 7 Reu ters [HONG KONG] China’s Huaxia Dairy Farm Ltd said yesterday it has received US$106 million in investment capital from a consortium led by Singapore sovereign wealth fund GIC and private equity firm Olympus Capital, to expand its farming operations and retail dairy
      Reuters  -  139 words
    • Article, Illustration
      Lock icon Everbright bought land next to CapitaLand’s Chongqing site
      337 7  -  By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT CHINA Everbright Limited (CEL), which recently bought a stake in Singa-pore-listed Chongqing developer Ying Li, also bought a piece of land late last year in Chongqing right behind the site of CapitaLand’s landmark $4.1 billion investment. CapitaLand’s
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    • Article
      Lock icon Global investors paring riskier bond holdings
      461 7 Reuters [NEW YORK] Some of the biggest global investors have started to pull back from riskier fixed-in-come assets even as the Federal Reserve keeps on a green light for risk. GAM and Standish are among those who say US investment grade and high-yield corporate
      Reuters  -  461 words
    • Article
      Lock icon Starburst launches IPO at 31¢ a share
      543 8  -  Proceeds of $13.5m for working capital, expansion of fabrication facility By RAPHAEL LIM raphlim@sph.com.sg STARBURST Holdings, a Singa-pore-based engineering group specialising in the design and engineering of firearms-training facilities, has launched its initial public offering (IPO) for a Catalist listing. The group, with
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    • Article
      Lock icon Australand shares advance on FCL’s offer
      337 8 Bloomberg [SYDNEY] Australand Property Group shares rose by the most in a month after Frasers Centrepoint Ltd said that it will move ahead with a A$2.6 billion (S$3 billion) off-market takeover offer for the Australian developer. Australand shares gained 0.9 per cent to A$4.48
      Bloomberg  -  337 words
    • COMPANY BRIEFS
      • Article
        Lock icon United Envirotech in talks with potential buyer
        64 8 WATER treatment company United Envirotech, with a market capitalisation of about US$1 billion, said yesterday that it is in talks with a potential buyer. KKR China Water Investment Holdings is its biggest shareholder. SGX-listed companies have become takeover targets recently, with the total
        64 words
      • Article
        Lock icon GMG Global expects Q2 loss, blames weaker rubber price
        58 8 GMG Global has warned that it expects to report a loss in Q2FY2014 due to the decline in the average selling price of natural rubber. Further details of the group’s financial performance will be disclosed when it announces unaudited financial results
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      • Article
        Lock icon Metro buying 25% of group that owns Manchester sites
        86 8 METRO Holdings is acquiring, through its wholly owned subsidiary Sun Capital Assets, a 25 per cent stake in a group that owns two land sites in Manchester, UK. The cash consideration is £5.7 million (S$12.2 million). The property development and investment
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      178 4 JOIN THE RACE AUG 17, 2014, 6.30AM Presented by Achieve your personal best time at the Shape Run Singapore’s first women-only running event. Receive a Skechers runner’s top and a fabulous runner’s kit, as well as an exclusive finisher’s medal and tee. Plus, win attractive prizes! Book your slot before
      178 words
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      49 4 Source for quality STATIONERY OFFICE SUPPLIES! I O rss ygf i C5 tos Vi M OFFIC^XPO ASIA 16 18 July 2014 Marina Bay Sands, Singapore Sands Expo and Convention Center Level 1, Hall A B Register at www.OfficExpoAsia.com/visitl Organised By BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l
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      30 4 HEALING TOUCH Age-oldayurveda’s new-found popularityin Singapore WHY MODI’S BUDGET MATTERS TO US IN S’PORE GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      137 5 HITACHI Inspire the Tslext CAN WE MAKE BIG CITIES FEEL NOT SO BIG?" As cities get bigger, they get harder to manage. That's why we've developed new information technologies that collect andianalyse Big Data on so many things that touch people's lives. For instance, if you know how many cars
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI breaks three-day falling streak
      499 6  -  But market activity lacks lustre, as trading volume stays low at $963 million STOCKS KENNETH LIM kenlim@sph.com.sg @KennethLimBT Correspondent SINGAPORE stocks followed the lead of global markets to gain yesterday despite stubbornly low volumes. The Straits Times Index opened on higher ground and kept above
      Source: Bloomberg  -  499 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jul 2 VALUE CLOSE BT OB/OS -89.00 +12.00 BT CADI -*****.00 +99.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 772.69 +2.15 FTSE ST Small Cap 561.70 +3.47 FTSE ST All Share 797.27 +4.69 FTSE ST China Top 198.90 +0.97 FTSE ST China 225.47 +1.36 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 1 6 0 0 0 7 1 6 Manufacturing 56 41 44 10 6 9 66 47 53 Commerce 32 15 16 8 2 2 40 17 18 Tpt/Stor/Comms 19 5 17
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    • Article
      Lock icon BROKERS’ TAKE
      988 6  -  Compiled by ANDREA SOH Singapore Airlines July 2 close: S$10.49 OCBC Investment Research, July 2 SINGAPORE Airlines (SIA) has been seeking new revenue through geographical expansion as well as ancillary sources, of which some will start contributing modestly in FY2015. We note that equity participations (through JVs) are
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,636 26,636 47,160 47,160 Manufacturing 494,239 146,606 640,845 146,211 12,085 158,296 Commerce 72,295 125,414 197,709 75,906 11,297 87,204 Tpt/Stor/Comms 229,820 1,942 231,762 150,228 248 150,476 Finance 51,048 1,150 52,198 131,572 351 131,923 Construction 50,658 5,818
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      123 6 Stock name Close Change Ascendas Reit 2.320 +0.040 CapitaLand 3.180 +0.020 CapitaMall Trust 1.950 -0.010 CityDev 10.210 +0.060 ComfortDelGro 2.500 +0.040 DBS Grp 16.890 +0.080 Genting Sing 1.340 +0.010 Global Logistic 2.680 +0.010 Golden Agri-Res 0.550 +0.005 HPH Trust USD 0.725 +0.005 HongkongLand USD 6.650 +0.050
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    • Article, Illustration
      Lock icon Korean won rises to six-year high
      451 6 CURRENCIES Bloomberg [SEOUL] South Korea’s won yesterday advanced beyond 1,010 to the US dollar for the first time since 2008, as data signalling strength in the world’s two largest economies bolstered demand for emerging-market assets. Government bonds rallied after minutes of the Bank of
      Bloomberg; PHOTO: BLOOMBERG  -  451 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Jaya 108,831,000 Blumont 97,261,000 Artivision Tech 68,568,000 RH PetroGas 52,126,000 APAC Strategic 48,714,000 SIIC Environment 45,490,000 Memstar Tech 44,247,000 Vibrant Group 44,120,000 ICP 40,882,000 Swing Media Tech 40,498,000 VALUE($) DBS Grp 51,451,360 RH PetroGas 42,449,500 OCBC Bank 37,850,670 HongkongLand USD 35,648,122 SingTel 34,294,400 CapitaMall Trust 33,665,730
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    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 267.9 1.7 SPDR DJIA 10US$ ***** 140.8 0.7 SPDRS S&P 500 10US$ ***** 135.8 0.6 Hyflux 6% CPS 10 ***** 109.0 1.0 Jardine C&C 4447 96.0 2.2 Lyxor AsiaIT 10US$ 3963 84.7 1.7 DBXT SPASX200 10US$ 4258 69.8 1.3 DBXT MSKorea
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -160.7 -0.5 DBXT EONIA 5US$ ***** -54.8 -0.2 DBXT S&P Short 10US$ 2376 -29.9 -1.0 Jaya 4.1 -15.4 -79.0 Asiatravel W*****5 5.7 -10.1 -63.9 DBXT iBoxxUSTr 5US$ ***** -10.0 0.0 GLD 10US$ ***** -8.7 -0.1 Lyxor CRBNonEny10US$ 249 -8.7 -2.7 Design
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      172 7 CL V 'h A Sr 9 m K < nzA Don t have an ANZ Credit Card? Visit anz.com.sg to apply. Partnered by vist BIRD’S NEST FEAST 1 JULY-30 SEPTEMBER 2014 Savour a five course menu of pure indulgence with epicurean dishes such as Stuffed Supreme Bird’s Nest with Bamboo
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      2574 8 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices China Print Power Group Limited a M h ep m u a pm (Incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 6828) (Singapore Stock Code: B3C) NOTICE OF SPECIAL GENERAL MEETING
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      418 8 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ENGLISH XCHANGE PTE LTD Co. Reg. No. *****6748Z (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of English Xchange Pte Ltd convened and held at 20 Cecil Street #12-02
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      396 9 Forbes r I FORBES GLOBAL CEO CONFERENCE THE NEXT HORIZON October 28 30,2014 Singapore List of confirmed speakers as of July 1, 2014 at V Steve Forbes Chairman Editor-in-Chief, Forbes Media LLC, USA i t Lee Hsien Loong Prime Minister, Republic of Singapore Stefano Pessina Executive Chairman, Alliance Boots, Switzerland
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  • SINGAPORE NEWS
    • Article
      Lock icon Plan to tap ‘cold energy’ gaining traction
      488 10  -  Plan comprises over 10 projects to boost Jurong Island’s competitiveness By RONNIE LIM ronnie@sph.com.sg SINGAPORE’S move to tap the use of “cold energy” from liquefied natural gas is gaining traction, as it promises to offer a way of addressing industry concerns over rising
      488 words
    • Article
      Lock icon S’poreans ill-prepared for retirement: survey
      409 10  -  Poll finds mismatch between financial reality, expectations By AMANDA EBER aeber@sph.com.sg A SIGNIFICANT mismatch exists between retirement expectations and financial reality among emergingaffluent individuals here, a DBS survey released yesterday said. Nearly three-quarters (73 per cent) said that they hoped to retire between the ages
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    • Article
      Lock icon Gold’s rally set to reverse as global growth strengthens
      480 10 Bloomberg [MELBOURNE] Gold’s rally will reverse this half and investors should bet on a second annual drop as global growth gains traction, according to the sec-ond-most-accurate precious metals price forecaster tracked by Bloomberg. Bullion will retreat to US$1,150 an ounce at
      Bloomberg  -  480 words
    • Article, Illustration
      Lock icon OCBC promotes family bonding
      243 10 THE children of OCBC employees visited their parents’ workplace as part of the company’s initiative to promote family bonding. Now being run for the second time, the annual Kids@Work event serves to help children better understand their parents’ work and motivations. At the Ang Mo Kio
      243 words
    • Article, Illustration
      Lock icon MediShield Life help for certain higher value home owners
      308 10  -  B)’ ‘IA-"l;‘.A‘ nishar@sph.com.sg @Nisha_BT SINGAPOREANS living in properties with an annual value of above $21,000 will be eligible for additional help in coping with the higher premiums expected under MediShield Life if they need it. A report in The Straits Times
      308 words
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      1588 10 The Business Times NOTICES M HOE LEONG CORPORATION LTD. (Company Registration No. *****8433W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting f“EGM’”l of Hoe Leong Corporation Ltd. (“Company") will be held on Friday, 18 July 2014 at 9.30
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  • SINGAPORE ACCOUNTANCY CONVENTION
    • Article, Illustration
      Lock icon Making the hard decisions
      1321 11  -  Maintaining high ethical standards among accountants is more important than ever in today’s financial climate. KANreports FRANCIS KAN THE issues of ethics and corporate governance have emerged as hot topics ever since questionable behaviour across the financial sector plunged wide swathes of the global economy into
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    • Article
      Lock icon Promoting good behaviour
      231 11 UNITED STATES-BASED international accounting expert and author Barry Epstein talks about the various proposals that have been put forward to improve the standard of ethics in professional accounting and audit firms. Auditor rotation Mandatory auditor or audit firm rotation promises a “fresh look” through “new eyes” as
      231 words
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      327 11 INSTITUTE OF SINGAPORE CHARTERED ACCOUNTANTS THE CAPSTONE EVENT OF THE YEAR SINGAPORE ACCOUNTANCY CONVENTION 2014 Rare opportunity to hear from and network with prominent Chairmen that helm International Standard-Setting Boards! Professor Arnold Schilder, Chairman, International Auditing and Assurance Standards Board Mr Hans Hoogervorst, Chairman, International Accounting Standards Board for the
      327 words
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  • MALAYSIA
    • Article
      Lock icon KL equities seen picking up in second half
      493 12  -  Return of foreign capital and domestic investors to market cited By PAULINE NG in Kuala Lumpur MALAYSIA’S equity market may have severely underperformed in the first half of the year compared to its regional peers, but it is looking good to be
      493 words
    • Article
      Lock icon AirAsia boss Fernandes sells struggling Caterham F1 team
      267 12 AFP [LONDON] Tony Fernandes has finally cut his ties to the Caterham Formula One team after it was announced yesterday he had sold the struggling British-based outfit. The Malaysian businessman’s decision came after enduring 41/2 years without a solitary Grand Prix point
      AFP  -  267 words
    • Article
      Lock icon Northern Corridor to hit year-end target
      471 12 It has attracted RM6.7b in investments in H1 [KUALA LUMPUR] Malaysia’s Northern Corridor Economic Region (NCER), launched seven years ago to spur development in the northern states, has attracted RM6.7 billion (S$2.6 billion) in investments in the first half of the year and is
      471 words
    • Article, Illustration
      Lock icon Pinewood Studios a boost to Iskandar zone
      818 12 AFP [NUSAJAYA, Malaysia] A Marco Polo-era replica ship floats in a massive water tank while just metres away ancient Mongol tents recreate the court of Kublai Khan welcome to Pinewood Studios’ Asia production facility. The 20-hectare, US$170 million complex in southern Malaysia’s Iskandar
      AFP; PHOTO: AFP  -  818 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Kicking, screaming protesters removed by HK police
      504 13 Pro-democracy march could be the biggest challenge yet to China Reuters [HONG KONG] Hundreds of police forcibly removed kicking and screaming protesters from the Central business district yesterday, holdouts of an all-night sit-in on the heels of a mass rally demanding greater democracy
      Reuters; PHOTO: BLOOMBERG  -  504 words
    • Article, Illustration
      Lock icon Cameron sold out HK to Chinese: Chan
      387 13 Bloomberg [HONG KONG] UK Prime Minister David Cameron sold out Hong Kong to the Chinese when he failed to speak out against China’s attempt to alter the treaty agreed to when Britain handed the city over in 1997, the city’s former top civil
      Bloomberg  -  387 words
    • Article
      Lock icon China plans to add R&D spend in GDP
      402 13 Proposal will be submited for approval this year Reuters [BEIJING] China plans to include what it spends on research and development (R&D) as part of its methodology for calculating economic growth and the change may be adopted next year, the 21st Century
      Reuters  -  402 words
    • Article
      Lock icon China sales falling steeply: Komatsu
      437 13 Bloomberg [TOKYO] Komatsu Ltd, the world’s second biggest maker of building and mining equipment, said sales in China are falling more steeply than anticipated, joining larger peer Caterpillar Inc in flagging fraying Asian demand. Komatsu’s sales in China, where economic growth is slowing, dropped dramatically
      Bloomberg  -  437 words
    • Article
      Lock icon India finance minister talks tough on budget
      489 13 Reuters [NEW DELHI] Finance Minister Arun Jaitley’s warning against “mindless populism” propelled Indian stocks to record highs yesterday, as investors bet that his maiden budget next week will stabilise the wobbly public finances. Mr Jaitley’s comments reinforced expectations that he will curb the
      Reuters  -  489 words
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      161 13 Apology to SGCM Pte Ltd (www.SgCarMart.com) for Copyright and IP Infringement on www.oneshift.com We, Portalone Pte Ltd ("Portalone"), the operators of the website www.oneshift.com,admitto having reproduced and re-published advertisements and other copyright content from www. sgCarMart.com without the consent of SGCM Pte Ltd (SGCM), thereby infringing SGCM's copyrights and other
      161 words
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      9203 14 NOTICE IS hereby given that Twentieth Annual General Meeting of the Company will be held on Monday, 28th July, 2014, at 10.00 a.m. at H T Parekh Convention Center, Ahmedabad Management Association, ATIRA, Dr. Vikram Sarabhai Marg, Vastrapur, Ahmedabad -380 015 to transact the following business:ORDINARY BUSINESS: 1. To receive,
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  • WORLD
    • Article, Illustration
      Lock icon Sports driving US pay-TV operators’ mergers
      640 15 Sports programming is the cause of, and solution to, pay-TV’s slowdown Bloomberg [NEW YORK] More Americans have watched the US soccer team in this World Cup than ever before. The two biggest announced acquisitions in the world this year are for US pay-TV operators.
      Bloomberg; PHOTO: REUTERS  -  640 words
    • Article
      Lock icon T-Mobile accused of overbilling customers
      716 15 Regulator says firm put bogus charges on cellphone bills NYT [WASHINGTON] T-Mobile, which sees itself as a new kind of carrier, now stands accused of an old-fash-ioned practice overbilling its customers. The Federal Trade Commission (FTC) on Tuesday brought a legal action accusing T-Mobile of
      NYT  -  716 words
    • Article, Illustration
      Lock icon France ex-president Sarkozy charged with corruption
      406 15 AFP [PARIS] France’s former president Nicolas Sarkozy has been charged with corruption and influence peddling, French prosecutors said yesterday, a dramatic move in a criminal probe that could wreck his hopes of a political comeback. The decision came after Sarkozy was questioned for 15
      AFP  -  406 words
    • Article, Illustration
      Lock icon Argentina expected to strike deal with creditors
      1193 16 Failure to reach accord will drain reserves that fell 21% in past year Bloomberg [BUENO AIRES] Argentina’s President Cristina Fernandez de Kirchner has less than a month to choose between two unpalatable options: fulfilling a vow never to pay off creditor hedge funds,
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    • Article
      Lock icon Twitter CEO reshuffles top ranks, appoints new CFO
      465 16 Bloom berg [SAN FRANCISCO] Twitter Inc’s Dick Costolo is gutting the company’s top ranks as he seeks to build an executive dream team. The microblogging service on Tuesday appointed a new chief financial officer, former Goldman Sachs Group Inc banker Anthony Noto,
      Bloomberg  -  465 words
    • Article
      Lock icon Islamic banks rebrand to go mainstream
      1028 16 Reuters +[LONDON] Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word “Islam” from their names a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming
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      Lock icon JPMorgan’s Dimon has throat cancer
      666 16 Re uters [NEW YORK] JPMorgan Chase Co chief executive officer Jamie Dimon said that he has been diagnosed with throat cancer, but that the ailment is curable and he plans to remain actively involved in the largest US bank’s business. In a memo to the
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    • Article, Illustration
      Lock icon Fastest hiring since 1999 in US as firms’ confidence rises
      905 17 Industries are increasing jobs after a harsh winter stunted business Bloomberg [DALLAS] A family-run concrete business in Michigan, the US’s second-biggest carmaker, the largest railroad and a solar power provider in California are all hiring as industrial companies lead a
      Bloomberg; PHOTO: AFP  -  905 words
    • Article, Illustration
      Lock icon American Apparel’s ousted chief fighting to regain control
      871 17 NYT [NEW YORK] Dov Charney, the ousted chief of American Apparel, is forcing a stunning showdown with the company’s board, full of twists and turns that few could have predicted when he was fired just two weeks ago. Experts now say that
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    • Article
      Lock icon Banks’ living wills: US regulators keeping mum
      671 17 Many filing again despite no response to last year’s papers Bloomberg [WASHINGTON] This week, for the third time, the biggest US banks have sent regulators detailed plans for their own demise. The regulators’ response to those filings has been far less detailed. The
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    • Article
      Lock icon Multilevel marketing gaining popularity in Vietnam
      514 17 Xin hua [HANOI] As in most developed societies, the multilevel marketing scheme is fast catching on in Vietnam and has attracted a huge number of participants. But along with its apparent success, there have been reports of fraud and customers are being asked to
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    • Article
      Lock icon Firms add most workers in June since 2012
      502 18 281,000 rise in employment exceeds forecast, follows 179,000 increase in May LATEST US DATA Reuters Bloomberg [WASHINGTON] The job market appears to be strengthening as payrolls at US companies climbed in June by the most since Nov 2012. The 281,000 increase in
      Reuters; Bloomberg  -  502 words
    • Article, Illustration
      Lock icon Banks courting Samsung for plump roles
      580 18 Its revamp could land over US$100m in advisory fees Reuters [SEOUL] Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea’s top fee-pay-er, as it prepares to hand the baton to the next generation in a
      Reuters; PHOTO: REUTERS  -  580 words
    • Article
      Lock icon Merger activity in Brazil to gain steam by year-end
      533 18 Reuters [SAO PAULO] Mergers and acquisitions (M&A) in Brazil are expected to gain steam by the year-end as economic and political risks ease, helping companies and private-equity firms scouring for takeover targets focus on tapping the country’s long-term potential. Three years
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    • Article
      Lock icon EU approves Telefonica’s takeover of KPN German unit
      383 18 Reuters [BRUSSELS] Spain’s Telefonica won EU antitrust clearance for its 8.6-bil-lion-euro (S$14.6 billion) takeover of KPN’s German mobile arm E-Plus, giving it a stronger position in Europe’s largest phone market. The ruling by the European Union’s powerful antitrust chief Joaquin Almunia sends
      Reuters  -  383 words
    • Article
      Lock icon Ending ban on Japan military activities to be debated
      448 18  -  By ANTHONY ROWLEY in Tokyo THIS week’s decision by Japanese Prime Minister Shinzo Abe’s Cabinet to end the country’s self-im-posed ban on the Self Defence Forces (SDF) engaging in military activities overseas will not go into effect without a full discussion
      448 words
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      Lock icon OECD flags slower growth, income gaps
      406 18  -  By ANTHONY ROWLEY in Tokyo A SLOWDOWN in global economic growth and a continuing rise in income inequality are likely in coming decades, says a new study by the Organisation for Economic Cooperation and Development (OECD), which examines prospects for growth up to the
      406 words
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      2039 15 mi MEGHMAM ORGANICS LIMITED Regd. Office: Plot No. 184, (Phase II), G.I.D.C. Industrial Estate, Vatva, Ahmedabad- 382 445. CIN No. L*****GJ1995PLC*****2 NOTICE OF MEETING ITEM NO. 7 The Company had passed the resolution on 29th July, 2011 under Section 293(1) (d) of the Companies Act, 1956 to authorize the Board
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Virgin tossing between Airbus and Boeing for B747 replacements
      684 19 In order to keep its trendsetting status, carrier also revamps its crew’s uniforms Bloomberg [LONDON] Richard Branson’s Virgin Atlantic Airways Ltd said it’s ready to assess options for replacing an ageing fleet of Boeing Co 747 jumbo jets that form the
      Bloomberg; PHOTO: BLOOMBERG  -  684 words
    • Article
      Lock icon Idle seized vessel giving bondholders a windfall
      714 19 Goliath’s value much more than the US$160m of defaulted bonds Bloomberg [MEXICO CITY] Drifting eight kilometres off the Aruba coast, the 591-foot-long (180m) oilservicing ship OSA Goliath has no projects to work on or contracts to fulfil. Yet in its idle state, the
      Bloomberg  -  714 words
    • Article
      Lock icon Rakuten’s reasons for airline adventure are far from clear
      309 19 Reuters [HONG KONG] Rakuten’s airline adventure should be worrying for investors. Taking a minority stake in AirAsia Japan may be financially insignificant for the Japanese e-commerce giant. But the justification –boosting its travel website is a stretch at best. Rakuten’s patchy
      Reuters  -  309 words
    • Article
      Lock icon China Eastern converts subsidiary into budget carrier
      284 19 Reuters [BEIJING] China Eastern Airlines Corp Ltd launched yesterday its budget airline, becoming the first state-run carrier to tap the low-cost travel segment long dominated by privately run Spring Airlines. China Eastern said it would use the 80 Boeing 737 planes it had
      Reuters  -  284 words
    • Article
      Lock icon TRANSPORT STOCKS
      256 19 SGX '000 Jul 02 S$ +/-Vol Ch Offshore 0.46 0.01 201 Chuan Hup Hldg 0.28 unch 232 Cosco Corp 0.72 unch 372 Cwt Limited................1.77 0.03 1318 Ezra Hldgs 1.19 0.06 ***** First Ship Lea unch unch 0 Grand Banks 0.28 0.01 1271 Jaya Hold Ltd 0.04 0.01 *****1
      256 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      313 19 CRYPTIC CROSSWORD Across 1 Case of feed swallowed in birds’ craws (7) 5 A sailor reportedly becoming offensive (7) 9 Leading tramp into wild (9) 10 Scoundrel, say, turning bum (5) 11 Police officers shot in protest (7) 12 Counters for laboratory equipment (7) 13 Left-winger touring English bay Queen
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  • EDITORIAL & OPINION
    • Article
      Lock icon ‘Smart nation’ vision calls for collaboration
      472 20 EDITORIAL BY 2050, urban areas will be home to 75 per cent of the world’s population. It’s little wonder then that cities are in a race to become “smart”, partly by using technology to tackle problems commonly associated with rapid urbanisation, such as environmental
      472 words
    • Article, Illustration
      Lock icon Ex-Im Bank deserves support as it helps US economy grow
      709 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washing ton Post Writer’s Group I WAS against the US Export-Import Bank before I was for it, and I may someday be against it again. But right now I’m for it, because the congressional
      The Washington Post Writer’s Group  -  709 words
    • Article, Illustration
      Lock icon Polls put two faces of Indonesia on display
      1138 20  -  The elections are very much between the rural and the urban elite segments of society By SHOEB KAGDA The writer is a Jakarta-based consultant and an editorial adviser to The Jakarta Globe. He can be reached at shoebkagda@gmail. com ELECTIONS never run
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    • Article, Illustration
      Lock icon Why TPP won’t be easy
      1817 21  -  Issues arise as countries involved are geographically, economically diverse By JAYANT MENON The writer is lead economist at the Office for Regional Economic Integration, Asian Development Bank WHY is the Trans-Pacific Partnership (TPP) taking so long to conclude? It has already missed three deadlines, the
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    • LETTERS TO THE EDITOR
      • Article
        Lock icon Proposed secondary listing framework will improve clarity and transparency
        322 21 WE refer to Mak Yuen Teen’s letter, “SGX needs to rethink listing rules” (BT, June 26). The proposed secondary listing framework relies on leading international index providers’ classification of countries as developed or developing markets after taking into account, among other
        322 words
      • Article
        Lock icon Time to end China Sky saga
        397 21 FOLLOWING the penny stock collapse in October last year, investigative attention has shifted to the previously high-flying stocks involved such as Blumont, LionGold and Asiasons. The Commercial Affairs Department (CAD) is currently looking into any possible wrongdoings by various people involved in, or linked
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  • Page 21 Advertisements
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      16 21 This commentary was sourced from VoxEU.org, a web portal that features the views of prominent economists
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      122 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Article
    Lock icon SHIPPING TIMES
    1231 22 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 ROAD #02-02 THE
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  • Page 22 Advertisements
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      81 22 Experienced ship maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3940 23 Transaction date: Jul 2 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale --AAT ('000) High Low Buyer Seller 14.9 11.2 AEI C'vr Net 162.8 130.4 AIMSAMP Cap Reit ....................143.5
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    • Article
      Lock icon SGX CATALIST
      433 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low 13.3 2.1 t Artivision Tech 10
      433 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10564 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.58/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** P (*c China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** China Opportunities
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    • Article
      Lock icon GLOBALQUOTE
      249 24 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 62 40.5 AVJennings A53.5 -4 2 53.5 53.5 54.5 56.5 3.6 6.5 4.3 198.1 Company 343 215 TanChongInt HK330 unch 171 334 328 328 332 9.7 3.2
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    • Article
      Lock icon SGX ETF
      1108 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 135.5 119 CIMB APAC Div 100S$D 132.5 +1.1 132.5 132.5 131.8 133.8 108.9 94 CIMB APAC Div 100US$ US105.8 +0.4 3 105.8 105.8 105.8 106.5
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 25 Jul 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.23 *****.63 *****.91 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 341.68 345.11 340.54 Jul14 335.50 340.30 335.20 338.00 ***** *****3 Aug14 334.10 337.80 333.60 335.60
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 1 Index Change Change Change Change Change Change World Preliminary 1243.4 0.7 5.0 0.6 4.3 0.7 5.7 EAFE Preliminary 975.8 0.7 2.0 0.7 2.3 0.7 3.7 Europe Preliminary 1405.1 0.8 3.7
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jul 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 5.874 0.692 7.333 56.529 112.633 0.960 9.548 3.031 1.079 93.309 41.236 1.179 10.133 0.840 28.267 30.639 0.552 0.946 Canada 0.994 5.839
      471 words
    • Article
      Lock icon SIBOR
      37 25 Jul 2 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Jul 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.29 101.34 101.34 5-Year NX*****W 2.5 01-Jun-19 106.58 106.75 106.70 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      122 25 Jul 02 GOLD(US$/oz) Jul 02 Jun 30 Hong Kong 1328.00 1313.00 Jul 01 Jun 30 London 1328.60 1316.50 1329.45 1317.35 Source: Thomson Reuters CAST BAR Jul 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 51 5gm 317 263 10gm 592 528
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    • Article
      Lock icon PALM OIL
      57 25 Jul 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2430.0 2450.0 2457.0 2430.0 194 1557 Aug 14 2426.0 2440.0 2454.0 2422.0 929 ***** Sep 14 2414.0 2427.0 2436.0 2405.0 ***** ***** Oct 14 2412.0 2425.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jul 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1786 1.1795 0.9459 0.9463 Canadian dollar 1.1714 1.1724 0.9406 0.9401 Euro 1.7032 1.7042 1.3669 1.3673 NZ dollar 1.0925 1.0935 0.8768 0.8773 Sterling pound 2.1366 2.1379 1.7148 1.7153
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Jul 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1400.00 1400.50 1409.25 1380.00 Aug 14 1327.75 1329.75 1335.00 1305.00 Sep 14 1183.75 1193.75 1194.75 1167.25 Nov 14 1147.50 1157.25 1158.75 1132.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 25 Jul 1 COCOA (£/tonne) Close Prev High Low Jul 14 1962 1979 1978 1954 Sep 14 1935 1948 1948 1927 Dec 14 1917 1929 1927 1908 Mar 15 1908 1919 1917 1900 COFFEE(US$/tonne) Close Prev High Low Jul 14 2007 1998 2024 1993 Sep 14 2016 2016 2031 1994
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      982 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 17 0.3 1 11 1.07 48 Asia-Pacific Strategic W*****6 3.5 unch 8300 1 2 58 Acma Ltd W*****7 Exer Price Asiatic Grp(Hldgs) Ltd W*****5 Disc Asiatravel.com HoldingsW*****7 6.2
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jul 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.23 -0.34 WTI (Near Mth) 105.33 -0.02 Dubai (1-Mth F) 108.23 -0.45 Tapis blend 114.18 -0.79 Minas 109.78 -0.79 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.61 -0.17 Jet Kerosene 121.66 0.07 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 2 S$ Bid Offer 1-month 1.2460 1.2464 2-months 1.2460 1.2464 3-months 1.2460 1.2464 6-months 1.2458 1.2462 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 25 Jul-01 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1854.25 1856.75 3 months 1884.00 1891.00 Copper, Grade A(US$/tonne) Cash 7039.50 7041.00 3 months 7020.00 7015.00 Lead(US$/tonne) Cash 2131.25 2144.00 3 months 2160.00 2173.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jul 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.209 1.152 Can dollar 1.193 1.148 Euro 1.745 1.662 Sterling pound 2.177 2.094 NZ dollar 1.118 1.075 US dollar 1.270 1.210 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 25 Jul 2 $S Offer Bid 0vernight 0.05 0.02 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article, Illustration
      Lock icon For sale: Canada’s railway hotels
      860 26 Buyers attracted by the ‘story’ behind the properties built to resemble castles NYT [OTTAWA] The age when rail travel dominated in Canada has long passed. But the rail-way-built hotels that era left behind have retained much of that period’s glory and glamour. Now a decision
      NYT; PHOTO: BLOOMBERG  -  860 words
    • Article
      Lock icon Househunt
      1535 26 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN MAY 21 AND MAY 27, 2014 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 3 NON-LANDED Alex Residences Apt 26/05/2014 99 926 1,488 1,607 Alex Residences Apt
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    • Article
      Lock icon Developers offer buybacks in weakest markets
      1173 27 They are giving homebuyers an option to sell back their homes at above the purchase price CHINA Bloomberg [BEIJING] Property developers in two of China’s weakest housing markets are offering to buy back homes above the purchase price to boost sales as demand slows.
      Bloomberg  -  1,173 words
    • Article, Illustration
      Lock icon Chinese developers muscle in on HK
      918 27 They see the southern territory as a lucrative market Reuters [HONG KONG] Chinese developers are moving aggressively into Hong Kong, outbidding their cross-border rivals for prime sites as policy uncertainty and falling property prices on the mainland send them scouring for opportunities to invest
      Reuters; PHOTO: REUTERS  -  918 words
    • Article, Illustration
      Lock icon $22m asking price for five shophouses at Club Street
      702 28  -  Foreigners can buy as properties were recently rezoned to commercial use By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT FIVE adjoining shophouse properties at Club Street have been put on the market with an asking price of $22 million. They comprise Nos 1, 3
      702 words
    • Article
      Lock icon UK home prices rise at fastest rate in 9 years
      422 28 Reuters [LONDON] British house prices rose at their fastest annual pace in more than nine years last month, and prices in London have shown their biggest jump in a generation, figures from mortgage lender Nationwide showed yesterday. House prices rose
      Reuters  -  422 words
    • Article, Illustration
      Lock icon Leasing commitment for 21% of CapitaGreen
      246 28  -  By RAPHAEL LIM raphlim@sph.com.sg CAPITAGREEN, the 40storey Grade A office building in the central business district (CBD), has achieved aggregate leasing commitment for 21 per cent of its net lettable area (NLA). The building, jointly developed by CapitaLand, CapitaCommercial Trust and Mitsubishi Estate Asia,
      246 words
    • Article
      Lock icon Demand in stratatitled industrial market slows
      470 28  -  B)’, SHEENA TAN tsheena@sph.com.sg ACTIVITY in the stratatitled industrial market has gone down significantly, with demand coming mostly from end-users, said property consultancy DTZ Research. All in all, 224 stratatitled factory units changed hands in Q2, said DTZ, which based its data on caveats
      470 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      39 27 D16 PRIME BUNGALOW J I Freehold -6+1+ entertainment room, 8,800/5,400 sq ft Big Pool Park 4 cars •2-storey -Utmost Privacy -Superb Quality. Exclusive Agent: Sharon Lee CBREIf 6 11 R*****7G/L*****08E cb ricmaro ellis I ASSOCIQteS 8101 5665 Luxury Homes
      39 words
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      Lock icon Page 27 Advertisements Column 2
      59 27 Unique Conservation Shophouses For Sale > i ifl i fnfs nun KeongSaik Rare freehold, 3% yield 2/ storey; Full Commercial L 1,317/BU 2,810 sqft est. Buklt Pasoh Tanjong Pagar F&B area, MRT at doorstep Busy Street! Corner unit 2 Vi storey; Full Commercial 3 storey; Full Commercial L 1,587/BU 4,014
      59 words
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      Lock icon Page 27 Advertisements Column 3
      174 27 SEEKING EXPRESSION OF INTEREST TO PURCHASE PRIME FREEHOLD STRATA OFFICE RETAIL UNITS ORCHARD TOWERS WITH VARIOUS SIZES ON VARIOUS FLOORS REASONABLE PRICE FROM MOTIVATED SELLERS We deal with the following types of assets: 3 4 Star Hotels Office Commercial Buildings Within CBD Boutique Budget Hotels Commercial Shophouses F&B Outlets Within
      174 words
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      Lock icon Page 27 Advertisements Column 4
      188 27 CO-BROKEWELCOME! PRUDENTIAL TOWER Prime CBD Office Rarely Available! Landmark 30-storey office building Grade-A quality specification Approx. 150m to Raffles Place and Telok Ayer MRT Covered car drop off point Renovated double-storey height lobby Regular layout and column-free floor plate Excellent car-parking provisions with 181 lots Single Unit Approx. 5,102 sq
      188 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      198 28 FOR SALE-TELECOM PLACE IkN. a lii liilii m c- TwoA-Grade, Freehold buildings for sale (Buildings A C) 5 Green Star rated buildings completed 2010 Vendor providing a full 10 year defects and capital expenditure warranty- i.e. guaranteed no irrecoverable outgoings for the period to 31 May 2024 No stamp duty
      198 words
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      Lock icon Page 28 Advertisements Column 2
      200 28 362/362A TANJONG KATONG ROAD 2-Storey Conservation Shophouse with Potential For Development Freehold and Plot Ratio 3 Site Area: Approx. 2,025 sq ft Zoned Residential with Commercial at 1 st storey Prominently located with double road frontages Ideal for F&B, retail investment or development Contact: Investment Properties Galven Tan(9799 4898) (CEA
      200 words