The Business Times, 31 July 2014

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Microfilm: NL33182
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 31, 2014
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  • Article, Illustration
    Lock icon M’sia Airlines touching down for a delisting
    1141 1  -  Khazanah expected to take ailing carrier private and relist it within four years B y ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] Under intense pressure and an unforgiving timeline to whip up a revival plan for trage-dy-struck Malaysia Airlines (MAS), Khazanah Nasional, majority owner of
    1,141 words
  • Article
    Lock icon No-commission life insurance up ahead
    679 1  -  Govt-mandated scheme from next year involves cover of up to S$400,000 By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] From next year, life insurers in Singapore will have to sell protection up to a sum assured of S$400,000 under a govern-ment-mandated direct-pur-chase scheme the first in
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,353.65 (-2.43) HST INDEX FUTURES 3,354.00 (-1.00) GSIMSCI 383.83 (+0.03) GSIMSCI FUTURES 384.30 (+0.60) US$ S$ US$ (S$ per US$) 1.243 (US$/S$ per 1.694 2.105 EURO (US$/S$/€ 1.340 1.666 Foreign currency per US$ S$ YEN 102.20 82.20 RM 3.182 2.559 HK$ 7.750 6.234 BAHT 31.88 25.64 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,878.34 +1.00 NIKKEI 225 15,646.23 +28.16 HANG SENG 24,732.21 +91.68 SET INDEX 1,518.79 -1.76 JAKARTA COMP Closed MANILA COMP 6,867.59 +17.12 SEOUL COMP 2,082.61 +20.64 SHENZHEN B 917.56 -5.98 MUMBAI IND 26,087.42 +96.19 12 noon EDT Change DOW 16,822.65 -89.46 NASDAQ 4,447.20 +4.50
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    • Article
      Lock icon PRIME RATES
      24 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg Source: Bloomberg
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      138 1 EMPLOYERS’ FEDERATION Stephen Lee steps down as SNEF chairman PAGE 2 HOCK LOCK SIEW Short-termism becoming a worry PAGE 9 DENGUE CURE Singapore researchers move to next phase PAGE 4 COMPANIES SIA Q1 profit down 71.4% PAGE 6 Official! let ONE MAN, ONE MACHINE. G.RM.H. 60 'C*' > 65 >
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      3 1 *****1 11 *****4
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  • TOP STORIES
    • Article
      Lock icon Govt injects S$100m to boost energy R&D
      477 2  -  Focus will be on initiatives to make buildings and data centres more energy-efficient By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] The National Research Foundation (NRF) the Singapore Government’s lead agency for research and development announced yesterday that it will be pumping in S$100 million
      477 words
    • Article
      Lock icon Q2 growth bounces back at a healthy 4%
      577 2 Data augurs well for stronger growth in the next 6 months LATEST US DATA Renters AFP [WASHINGTON] US economic growth accelerated more than expected in the second quarter and the decline in output in the prior period was less steep than previously
      Renters; AFP  -  577 words
    • Article, Illustration
      Lock icon SNEF chief Stephen Lee steps down after 26 years
      688 2  -  Robert Yap of YCH Group takes over on Sept 1 By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The man who guided Singapore companies through four economic downturns is stepping down as president of the Singapore National Employers Federation (SNEF) at the end
      688 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      442 2 M’sia Airlines touching down for a delisting UNDER intense pressure and an unforgiving timeline to whip up a revival plan for tragedy-struck Malaysia Airlines, Khazanah Nasional, majority owner of the national carrier, is expected to submit a broad plan to take the airline private to Malaysian Prime Minister
      442 words
    • Article
      Lock icon Dengue cure: S’pore researchers move to next phase
      416 4  -  SingHealth and Duke-NUS in exclusive licensing deal with US firm 60° Pharmaceuticals By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] Even as the world’s first dengue vaccine is set to hit Singapore shores next year, reseachers here are one step closer to finding the
      416 words
    • Article
      Lock icon More perks for firms to give staff flexi-travel options
      483 4  -  Three new initiatives for Travel Smart Network companies By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Companies will get government funding to encourage staff to travel on public transport during off-peak periods as well as opt for alternative travel modes like cycling and walking
      483 words
    • Article, Illustration
      Lock icon Focus now on fund-raising options for Wing Hang deal
      630 4  -  Funding for OCBC’s S$6.2b offer involves equity raising By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] All eyes are now on fund-raising options for OCBC, which is set to fully take over Wing Hang Bank. The attention comes as OCBC secured 97.5 per
      PHOTO: BLOOMBERG  -  630 words
    • Article, Illustration
      Lock icon Sanctions will hit Russia hard, but Europe also under strain
      814 4  -  By NEIL BEHRMANN in London BROADER US and European sanctions could send the Russian economy into free fall, but business people fear that the impact on the European economy could be severe. The big question now is whether Russian President
      PHOTO: BLOOMBERG  -  814 words
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  • Page 5 Advertisements
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      475 5 Forbes r I FORBES GLOBAL CEO CONFERENCE THE NEXT HORIZON October 28 30,2014 Singapore List of confirmed speakers as of July 24, 2014 i '•s j: k mi ~JU > A t v (V Steve Forbes Chairman Editor-in-Chief, Forbes Media, USA Lee Hsien Loong Prime Minister, Republic of Singapore Stefano
      475 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OUE Commercial Reit’s Q2 DPU beats forecast
      587 6  -  By leemx@sph.com.sg LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT POSITIVE rental reversions boosted OUE Commercial Trust’s distribution per unit (DPU) to 1.43 Singapore cents for its second quarter ended June 30 5.1 per cent above its forecast. This brings its first distribution, for the period starting
      587 words
    • Article
      Lock icon SIA Q1 profit hit by lower revenue, associates’ losses
      611 6  -  Weaker yields and softer travel demand from some key Asian markets By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Airlines (SIA) chalked up a 71.4 per cent drop in net profit to S$34.8 million for the first quarter ended 30 June, 2014, as
      611 words
    • Article
      Lock icon SMRT’s Q1 net jumps 36.8% to S$22.36 million
      436 6  -  BY SAMUE_L EE samue|ee@sph.com.sg SMRT Corp’s net profit jumped 36.8 per cent to S$22.36 million for the first quarter ended June 30, thanks mainly to growth in ridership and average fare, as well as the rental, advertising and taxi businesses. First-quarter revenue
      436 words
    • Article
      Lock icon Tuan Sing Q2 profit drops 24%, revenue down 31%
      451 7  -  It is upbeat on achieving better FY14 operational performance By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT DRAGGED by slower recognition of residential sales, Tuan Sing Holdings posted a 24 per cent decline in net profit for the second quarter ended June 30 to
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    • Article
      Lock icon Global Premium Hotels Q2 profit down 22.2%
      344 7  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT GLOBAL Premium Hotels Limited yesterday said that its net profit for the fiscal second quarter ended June 30, 2014 fell 22.2 per cent y-o-y to S$3.81 million. Turnover slipped 5.6 per cent to S$14.52 million, due to a
      344 words
    • Article
      Lock icon Far East Group seeks M&A deals
      271 7  -  By AMANDA EBER aeber@sph.com.sg REFRIGERATION and cooling systems provider Far East Group has plans to expand its business in China and South east-Asia and is looking out for merger and acquisition opportunities, according to chief executive officer Steven Loh. Far East Group manufactures and
      271 words
    • Article
      Lock icon Baker Q2 earnings dive; order intake healthy
      372 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT OFFSHORE and marine equipment and services firm Baker Technology yesterday posted a 92 per cent drop in net profit for the second quarter ended June 30 to S$1 million, compared to S$11.3 million for the same period last
      372 words
    • Article
      Lock icon Industrial land being released by JTC won’t affect us: Aims AMP trust
      604 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE large supply of industrial land and space that JTC Corporation is in the midst of releasing to boost supply and ease rents won’t affect real estate investment trusts such as Aims AMP
      604 words
    • Article
      Lock icon KKR’s Goodpack acquisition terms ‘fair’
      316 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE financial terms of private equity firm KKR’s proposed acquisition of local packaging logistics firm Goodpack are “fair and reasonable”, the independent financial adviser (IFA), Provenance Capital, said yesterday. “The scheme of arrangement is not prejudicial to the interests of
      316 words
    • Article
      Lock icon Obsession with short term getting out of hand
      647 9  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT MUST undoubtedly be frustrating to adherents of the “buy and hold” school of investing to observe that, as markets evolve, the end product is a progressive shortening of investment horizons. Stock prices, for
      647 words
    • Article
      Lock icon Terratech flat after strong start
      365 9  -  Closing of 23.5 Singapore cents is 2.2% above IPO price By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE stock of premium marble producer Terratech Group shot up by more than a fifth to a high of 28 Singapore cents on its first day of trading on the
      365 words
    • Article
      Lock icon Zhong Jun says it’s able to repay banks
      566 9 Reuters [HONG KONG] Zhong Jun Resources (S) Pte Ltd, the overseas arm of a Chinese firm linked to a suspected metal financing fraud at Qingdao port, has asked a court in Singapore to reject a liquidation order sought by HSBC Holdings, saying
      Reuters  -  566 words
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      142 6 C \L/ SCS /-)i/ean ■air Singapore Gifts Premiums Fair 2014 MU*" V it* vT > Visit O O Wn to More? than 000 worth of prizes for grabs! up Be rewarded with chances to win'' attractive prizes when you attend SGPFair OEA 2014. Stand a chance to win a cruise
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      31 7 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
      31 words
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      Lock icon Page 7 Advertisements Column 2
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      167 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      33 7 h'h'] $5 MILLION National Day Draw Draw on Fri, 1 Aug 2014 at 9.30pm For details, visit www.singaporepools.com.sg p AY® Always play with care. responsiblyy Do not bet illegally. RGB Reg No: *****0202G
      33 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks support STI in weak session
      520 8  -  Losers outnumber gainers at two to one; illiquid trading sees volume of only S$988 million STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent AT yesterday’s close, these were the main market statistics the Straits Times Index fell 2.43 points to 3,353.65, volume was a low
      Source: Bloomberg  -  520 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jul 30 VALUE CLOSE BT OB/OS -89.00 -127.00 BT CADI -*****.00 -154.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 780.83 -2.30 FTSE ST Small Cap 563.45 -3.66 FTSE ST All Share 815.60 -1.21 FTSE ST China Top 199.95 -1.13 FTSE ST China 228.98 -0.69 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 9 4 0 0 0 1 9 4 Manufacturing 35 66 46 2 14 10 37 80 56 Commerce 9 37 16 1 6 8 10 43 24 Tpt/Stor/Comms 8 22 11
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      910 8  -  Compiled by JOYCE HOOI Mapletree Greater China Commercial Trust July 30 close: S$0.915 DBS Group Research, July 30 MAPLETREE Greater China Commercial Trust’s gross revenue grew 9 per cent y-o-y to S$63.8 million, beating prospectus forecast by 6 per cent. NPI also came in 9 per cent better
      Source: Bloomberg  -  910 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,883 17,883 51,478 51,478 Manufacturing 338,102 62,727 400,829 81,629 11,528 93,157 Commerce 104,284 89,283 193,567 81,694 8,746 90,440 Tpt/Stor/Comms 150,466 968 151,434 136,601 113 136,714 Finance 27,895 1,052 28,947 198,711 325 199,036 Construction 20,610 15,841
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      119 8 Stock name Close Change Ascendas Reit 2.330 -0.020 CapitaLand 3.320 +0.030 CapitaMall Trust 1.980 -0.030 CityDev 10.44 -0.060 ComfortDelGro 2.560 -0.020 DBS Grp 18.08 +0.050 Genting Sing 1.330 Global Logistic 2.770 -0.020 Golden Agri-Res 0.540 -0.005 HPH Trust USD 0.745 HongkongLand USD 6.730 +0.010 JMH 400
      119 words
    • Article, Illustration
      Lock icon Euro declines to eight-month low
      471 8 CURRENCIES Reuters [LONDON] The euro hit an eightmonth trough against the US dollar yesterday and German bond yields were near record lows ahead of inflation data expected to boost the case for further policy easing by the European Central Bank (ECB). Investors were also awaiting
      Reuters; PHOTO: BLOOMBERG  -  471 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Terratech 111,517,000 IHC 85,553,000 Xpress 85,295,000 Artivision Tech 82,547,000 APAC Strategic 75,518,000 Weiye 69,813,000 Jaya 55,433,000 Memstar Tech 54,139,000 Digiland Intl 50,000,000 Golden Agri-Res 42,022,000 VALUE($) OCBC Bank 83,444,240 DBS Grp 52,093,667 SingTel 49,605,720 UOB 49,184,076 JSH 500 USD 30,560,850 Keppel Corp 29,491,140 Terratech 28,741,700 Global
      58 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6735 110.6 1.3 Hyflux 6% CPS 10 ***** 50.0 0.5 Lyxor AsiaCS 10US$ 6270 48.5 0.6 DBXT MSTaiwan 10US$ 2263 26.1 0.9 DBXT AUD Bonds 5AU$ ***** 24.5 0.1 DBXT USDIGInfl 5US$ ***** 22.4 0.1 Great Eastern 2283 20.0 0.9 Lyxor AsiaIT
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    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -114.3 -0.7 SPDRS S&P 500 10US$ ***** -79.5 -0.3 DBXT AUDCS 5US$ ***** -72.1 -0.3 DBXT iBoxxSvEu 5US$ ***** -69.6 -0.2 DBXT EONIA 5US$ ***** -67.1 -0.3 Lyxor ThaiSET 10US$ ***** -60.9 -0.4 JSH 500 USD 3581 -52.2 -1.2 JMH 400 USD
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      281 9 ST Seminar Showcase 2014 Singapore Malaysia Tl Ua.lt. Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm SEMINAR TOPICS SPEAKERS SHOWCASE FEATURED DEVELOPERS *Early bird prices end 10 August 2014 -r-7 Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong
      281 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Tianjin reforms open more doors for S’pore firms: Khaw
      366 10  -  Ten projects signed at 7th S’pore-Tianjin Economic and Trade Council meeting By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT REFORMS in Tianjin, and the city’s integration into the Beijing-Tianjin-Hebei economy, will bring new opportunities for Singapore companies. Said Minister for National Development Khaw Boon
      366 words
    • Article
      Lock icon BCA gives S$8.3m for energy research
      273 10  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT THE Building and Construction Authority (BCA) has granted S$8.3 million to researchers from the National University of Singapore (NUS), Nanyang Technological University and Ngee Ann Polytechnic to develop energy-efficient technologies. The grant is part of a scheme launched in
      273 words
    • Article
      Lock icon S’pore Maritime Dialogue aims to grow talent pool
      446 10  -  It targets students, addressing their concerns about the industry’s future By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THE inaugural Singapore Maritime Dialogue was held yesterday to attract more students to join the sector as industry leaders addressed concerns from young Singaporeans on work-life balance,
      446 words
    • Article, Illustration
      Lock icon CapitaMalls Asia to launch pilot e-com site
      393 10  -  By SHEENA TAN By tsheena@sph.com.sg CAPITAMALLS Asia (CMA) will be introducing an online platform to complement physical shopping space. But unlike e-commerce sites which deliver products to consumers, CMA is eyeing Tesco’s model of a “click and collect” system where customers order online
      393 words
    • Article
      Lock icon Stratasys opens 3D printing centre
      238 10 STRATASYS Asia Pacific, a subsidiary of Stratasys Limited, one of the world's leading providers of 3D printing and additive manufacturing solutions, opened its 3D printing centre at its new office in Toa Payoh yesterday. A statement by the firm said that the 3D Printing Experience
      238 words
    • Article, Illustration
      Lock icon Integrating through golf and dining
      221 10 MINISTER for the Environment and Water Resources Vivian Balakrishnan graced the third edition of the Integration Cup Integration Night, a golfing and dining event held at the Singapore Island Country Club (SICC) yesterday evening. The event was jointly organised by two newspapers tabla!, a weekly
      PHOTO: GOLF DIGEST SINGAPORE  -  221 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Battle of the malls in Greater Kuala Lumpur
      479 11  -  Retailers feel the heat with 12 new malls joining the fray later this year amid poorer consumer spending By PAULINE NG in Kuala Lumpur COMPETITION among retailers in Malaysia’s Greater Kuala Lumpur area is set to intensify this year when another 12
      479 words
    • Article, Illustration
      Lock icon Jokowi backs heftier haze fines, wants sovereignty respected
      974 11 Bloomberg [SINGAPORE] The incoming president of Indonesia, a holdout in South-east Asia’s pact to fight haze, is backing Singapore’s plan to wield heftier fines against overseas polluters as long as sovereignty is respected. A year after the city-state endured its worst-ever air
      Bloomberg; PHOTO: BLOOMBERG  -  974 words
  • Page 11 Advertisements
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      31 11 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
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      1561 11 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.com.sg www.sphclass.com.sg/notices NOVO GROUP LTD. m m is m m m* (Incorporated in Singapore with limited liability) (Company Registration No. *****2648H) Singapore Stock Code: MRS Hong Kong Stock Code: 1048 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Euro debt gains appeal among Indian businesses
      586 12 Bloomberg [MUMBAI] Indian companies are borrowing a record amount of euros as Prime Minister Narendra Modi’s economic plan boosts offshore demand for the nation’s assets at a time when European interest rates are at an all-time low. Firms including Reliance Industries Ltd, Bharti
      Bloomberg  -  586 words
    • Article, Illustration
      Lock icon Xi got ex-leaders’ agreement for ex-security chief probe: sources
      812 12 Re uters [BEIJING] Two influential former Chinese leaders gave their consent for President Xi Jinping to investigate ex-domestic security chief Zhou Yongkang, sources say a sign that the corruption probe will not open a rift in the ruling Communist Party. Mr
      Reuters  -  812 words
    • Article, Illustration
      Lock icon China proving to be a tough place for US firms
      717 12 Bloomberg [WASHINGTON] Microsoft Corp joins a growing list of companies relying on growth in China, yet crashing against the reality of a market still prone to protectionism, unpredictable laws and unreliable suppliers. Just this month, Chinese regulators opened an an-ti-monopoly
      Bloomberg; PHOTO: AFP  -  717 words
    • Article
      Lock icon Beijing to make rural-urban migration easier
      380 12 It pledges to loosen grip on residence registration, ensure ‘orderly’ migration Reuters [BEIJING] China will ensure “orderly” migration of some 100 million rural workers into cities by 2020, supported by expanded social welfare and more job opportunities, the government said yesterday, as part of
      Reuters  -  380 words
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      47 12 HOT PROPERTY iJS2 RIVERGATE 4RM (oif Poolsn prefe c$or P lease 22! S greenery. ImmeH ase asasaar F/furrf ai? FBr°rr' High ,lr APARTMENTS FOR RENT Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED BUY IT SELL IT FIND IT
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      8 12 IN THE MORNING -WEEKDAYS 6AM-10AM-D facebook.com/kiss92fm JW-@kiss92fm www.kiss92.sg
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  • WORLD
    • Article
      Lock icon German bonds setting records at the bottom
      846 13 Trend shows ECB plan not working, eurozone in need of further stimulus Bloomberg [EDINBURGH] Europe’s debt crisis is a fading memory, its most-indebted nations have never been able to borrow so cheaply and growth is returning, yet German bonds, a key gauge of
      Bloomberg  -  846 words
    • Article, Illustration
      Lock icon Barclays back in the black on cost cuts
      847 13 Bloomberg [LONDON] Barclays plc, the UK’s second-largest bank by assets, returned to a profit in the second quarter, helped by lower impairments and cost cuts. Barclays’s second-quar-ter net income was £161 million (S$338.9 million) compared with a loss of £168 million a
      Bloomberg; PHOTOS: REUTERS; BLOOMBERG  -  847 words
    • Article
      Lock icon Path to skirt US taxes widens with Reit spinoff blueprint
      875 14 Latest IRS ruling opens door to firms that have property, like McDonald’s Bloomberg [NEW YORK] Getting a foreign address isn’t the only way American companies are skirting corporate income taxes. Even as President Barack Obama calls for rules to stop
      Bloomberg  -  875 words
    • Article, Illustration
      Lock icon Schneider deputy CEO moving to London
      740 14 It may restart debate on France’s taxes driving away talent Bloomberg [PARIS] Schneider Electric SE’s deputy chief executive officer, Emmanuel Babeau, is moving to London from Paris, a decision that may reignite debate on France’s high taxes driving away talent. Schneider CEO Jean-Pas-cal Tricoire
      Bloomberg; PHOTO: BLOOMBERG  -  740 words
    • Article
      Lock icon Filipinos feeling pinch of rising prices
      768 14 Bloom berg [MANILA] Rhea Buan’s mother asked her family to skip meals after an almost 20 per cent increase in rice prices in the past year made the staple food almost unaffordable. “Now she tells us: ‘Don’t eat breakfast anymore, let’s just have lunch’,”
      Bloomberg  -  768 words
    • Article
      Lock icon Ending ‘too big to fail’ could rest on obscure contract language
      835 14 Industry group for global swaps market is rewriting international protocols Bloomberg [WASHINGTON] Wall Street and global financial regulators, trying to squash the lingering perception that banks remain “too big to fail”, are looking to an obscure change in derivatives
      Bloomberg  -  835 words
    • Article, Illustration
      Lock icon Twitter surges as it makes the case for future growth
      961 15 Revenue rose in Q2 mostly because users spent more time on the service: CEO Bloomberg [SAN FRANCISCO] Twitter Inc CEO Dick Costolo is getting the company back on track with Wall Street by drawing people to use the service more.
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      Lock icon NYT’s online circulation up but Q2 profit down
      735 15 Profit falls 21% due to declines in print advertisting NYT [NEW YORK] Increased investments in digital products and a decline in print advertising has weighed on The New York Times Co’s second-quarter earnings, as adjusted operating profit slipped 21 per cent. The
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    • Article
      Lock icon S Korea June factory output grows at fastest pace in 5 years
      604 15 Reuters [SEOUL] South Korea’s June industrial output grew at its fastest clip in nearly five years, but analysts say sluggish exports and weak domestic demand will likely force the central bank to cut rates for the first time
      Reuters  -  604 words
    • Article
      Lock icon Japan factory output in June logs biggest drop since ’11 tsunami
      588 15 Bloomberg [TOKYO] Japanese industrial output fell the most since the March 2011 earthquake and tsunami, highlighting the widening impact to the economy of April’s sales-tax increase. Industrial output dropped 3.3 per cent last month from May, the trade ministry
      Bloomberg  -  588 words
    • Article, Illustration
      Lock icon Delays in curbing greenhouse emissions may cost US billions
      781 16 White House report says each decade of delay will make it 40% more expensive WP [WASHINGTON] The White House has issued a report warning that the United States could face billions of dollars in added economic costs if it delays action
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    • Article, Illustration
      Lock icon US retail spending during July-Sept period graded B-
      872 16 Bloomb erg [WASHINGTON] With many Americans keeping a lid on spending, industry forecasters say the back-to-school season won’t be as strong as last year and are giving it a Baverage. Once again, US retailers are being forced to pour on the discounts
      Bloomberg; PHOTO: AFP  -  872 words
    • Article
      Lock icon Connected devices have huge security weaknesses: study
      368 16 This has opened up opportunities for cyberattacks AFP [WASHINGTON] The surge of Web-connected devices TVs, refrigerators, thermostats, door locks and more –has opened up huge opportunities for cyberattacks because of weak security, according to researchers. A study by the HewlettPackard (HP) security unit
      AFP  -  368 words
    • Article
      Lock icon US dollar store’s deal to buy peer shows thrift still has appeal
      408 16 Bloomberg [NEW YORK] Dollar Tree Inc, in agreeing to acquire Family Dollar Stores Inc for about US$8.5 billion, is capitalising on Americans’ lingering thriftiness following the worst economic slump since the Great Depression. Sales at dollar stores, which
      Bloomberg  -  408 words
    • Article
      Lock icon Amazon pushes for lower e-book prices amid Hachette dispute
      457 16 Online retailer argues that the initiative boosts income for authors Bloomberg [SAN FRANCISCO] Amazon.com Inc said that its dispute with Hachette Book Group is part of an initiative to lower digital-book prices and boost income for authors. Sales of titles go
      Bloomberg  -  457 words
    • Article
      Lock icon Eurozone banks relax terms for business loans
      655 17 ECB survey shows reversal of trend since start of financial crisis Reuters [FRANKFURT] Eurozone banks have loosened their lending terms for businesses for the first time since the start of the financial crisis, the European Central Bank (ECB) said yesterday, reducing one of
      Reuters  -  655 words
    • Article
      Lock icon Tax-free trading of bitcoin faces big EU legal test
      371 17 EU Court of Justice must decide if transactions are classed as a service Bloomberg [BRUSSELS] Tax-free trading of bitcoin faces a legal test at the European Union’s top court after Swedish authorities sought to extend existing levies to virtual currencies. The
      Bloomberg  -  371 words
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      Lock icon Banker bonuses can be clawed back for up to 7 years: BOE
      612 17 Reuters [LONDON] Bankers who break rules on their conduct may have to hand back bonuses up to seven years after being awarded them, the Bank of England said yesterday as it unveiled some of the world’s toughest curbs
      Reuters; PHOTO: REUTERS  -  612 words
    • Article
      Lock icon Japan eyeing strategic initiatives in Vietnam
      389 17  -  It aims to develop a blueprint for latter’s industrialisation By ANTHONY ROWLEY in Tokyo RECENT tensions between Vietnam and China have opened a door for Japanese economic and strategic initiatives in Vietnam, which Japanese Foreign Minister Fumio Kishida will seek to exploit when he
      389 words
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      Lock icon Tokyo governor to review 2020 Olympics plans
      446 17  -  There are concerns event could turn into unwieldy extravaganza B)’ ANTHONY ROWLEY in Tokyo AMID growing concerns that Tokyo’s 2020 summer Olympic Games could turn into an unmanageable extravaganza, the city’s governor, Yoichi Masuzoe, promised yesterday to launch an immediate review of plans
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    • Article
      Lock icon Argentine bonds stage rally on optimism over holdout talks
      374 17 Bloomberg [NEW YORK] Argentine bonds rallied after government officials met holdout creditors on Tuesday in a bid to avert a second default in 13 years. Bonds maturing in 2033 surged 9.1 cents on the dollar to 92.2 cents in the morning.
      Bloomberg  -  374 words
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      32 13 4 Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      1837 13 The Business Times NOTICES LONGCHEER LONGCHEER HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of Longcheer Holdings Limited (“Company") will be held at Room Anson III, Level 2, M Hotel, 81 Anson Road, Singapore
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon S’pore’s savvy tax strategy keeps economy vibrant
      1256 18  -  This sets it apart from other jurisdictions regularly identified as tax havens By CLARENCE GOH The writer is research manager at the Institute of Singapore Chartered Accountants (ISCA) IN recent years, we have seen a steady decline in corporate tax rates globally. In
      PHOTO: YEN MENG JIIN  -  1,256 words
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      Lock icon Congress should fix Dodd-Frank’s Achilles’ heel
      798 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group FOUR years after Dodd-Frank became law, the question being asked is whether the US is safe from another financial crisis. It’s the wrong question. It presumes that major financial crises are routine events. They’re
      The Washington Post Writers Group  -  798 words
    • Article
      Lock icon Preparing for the end of QE3
      529 18 EDITORIAL AS the US Federal Reserve concluded its monthly meeting yesterday, one thing should have become even clearer to financial markets: quantitative easing (QE), the unprecedented experiment of a central bank buying long-term bonds to keep the long-term cost of borrowing low to boost
      529 words
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      Lock icon Indonesia’s presidential election: an epic victory
      1032 19  -  Jokowi’s win marks democracy’s progress over the forces of the lingering past By DERWIN PEREIRA The writer, who has followed Indonesian politics since 1995, heads Pereira International, a Singapore-based political consulting company, and is also a member of the Belfer Center for Science and
      PHOTO: REUTERS  -  1,032 words
    • Article, Illustration
      Lock icon Sony’s downfall could be great news for Abenomics
      744 19  -  By WILLIAM PESEK Bloomberg View ONCE the pride of Japan, Sony is now a cautionary case study in complacency and mismanagement. But its latest stumble could turn out to be great news for the world’s No 3 economy. The former tech icon
      Bloomberg View; PHOTO: BLOOMBERG  -  744 words
    • Article
      Lock icon When peak oil strikes – five industries that’ll be hit
      858 19  - When peak oil strikes five industries that’ll be hit By CHRIS DALBY The writer is a contributor to Oilprice.com, where this article first appeared THE debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer,
      858 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Asia travel boom fuels airport-building growth
      855 20 More budget carriers, new routes to meet demand from middle class AFP [SINGAPORE] Faced with snaking queues at immigration, overflowing baggage carousels and expensive flight delays, Asian nations are rushing to build hundreds of new airports to cope with surging demand for air travel
      AFP; PHOTO: BLOOMBERG  -  855 words
    • Article
      Lock icon TRANSPORT STOCKS
      236 20 SGX '000 Jul 30 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 0.01 211 s$ Cwt Limited Vol First Ship Lea 0.09 unch 190 Grand Banks 0.27 -0.01 68 Jaya Hold Ltd 0.07 unch ***** K1Ventures.................0.20 -0.01 1525 Keppel Corp 11.02 -0.06 2675 Mercator Lines 0.09 unch
      236 words
    • Article
      Lock icon Boeing raises forecast for global pilots demand
      382 20 It says more pilots are needed as plane deliveries climb Reu ters [SINGAPORE] Boeing has this year raised by 7 per cent its forecast for global demand for commercial airline pilots to 533,000 over the next 20 years, citing rising deliveries of aircraft
      Reuters  -  382 words
    • Article
      Lock icon Airbus profit rises on more commercial plane deliveries
      262 20 Bloomberg [TOULOUSE] Airbus Group NV reported a 10 per cent increase in first-half earnings after its commercial plane unit delivered more commercial aircraft. Earnings before interest, tax and one-time items rose to 1.77 billion euros (S$2.95 billion) from 1.61 billion euros a
      Bloomberg  -  262 words
    • Article, Illustration
      Lock icon Skymark’s wings clipped as Airbus deal turns sour
      471 20 Bloomberg [TOKYO] Internet entrepreneur Shinichi Nishikubo turned around the unprofitable Japanese budget carrier Skymark Airlines Inc after taking a stake in 2003 and becoming its president the following year. Now, he faces another crisis as a plan to buy Airbus Group NV
      Bloomberg  -  471 words
    • Article
      Lock icon Biggest amount of Gulf refineries’ fuels Asia-bound this year
      304 20 Bloomb erg [LONDON] Persian Gulf oil refineries, going through the biggest expansion in decades, are about to ship the largest amount of fuels such as gasoline to Asia in eight months, lists of shipping charters have showed. Traders hired ships in
      Bloomberg  -  304 words
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      34 20 LIANHE ZAOBAO zaobao.com survey: 40% of readers think home prices should fall by at least 20% before cooling measures are eased T M as 88 wir To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      315 20 CRYPTIC CROSSWORD Across 1 Help because one is after second position (10) 6 For example, very big personalities (4) 9 Queen record, i.e. retro remix, for collection (10) 10 A marine force’s weaponry (4) 12 Pretty good place for entertainment (4) 13 Native American carried round single spirit (9) 15
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  • Article
    Lock icon SHIPPING TIMES
    1180 21 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
    1,180 words
  • Page 21 Advertisements
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      81 21 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4010 22 Transaction date: Jul 30 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 13.7 6.7 AIMS Property 12.9 -0.1 72 12.9 12.9 12.9 13 1.5
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      Lock icon SGX CATALIST
      475 23 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 32.5 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net 43.5 33 t Alliance Mineral...............................34 +0.5 ***** 35 33 34
      475 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11193 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)' 1.28/ Aberdeen Asset Mat Asia Limited American Qdq Asian local Ccy SD Bond 0 9895/ China Opportunities USD!** China Opportunities 1 Global Emerging
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      Lock icon GLOBALQUOTE
      257 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 62 43 AVJennings A57 +1 40 57 56 56 58 3.6 6.1 4.6 211 4 0.7 OGL Resources A$ A1.7 +0.5 2 1.7 0.9 1 1.7 0.3
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      Lock icon SGX ETF
      1095 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115.8 -0.2 1 115.8 115.8 115.8 116 528.6 135.5 119 CIMB APAC Div 100S$D 134.8 +0.6 134.8 134.8 133.4 136.1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      661 24 Jul 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.89 *****.62 *****.89 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****3 Dec14 *****.00 *****.00 *****.00 *****.00 1 ***** MSCI TAIWAN INDEX FUTURES SPOT 340.22 342.06 339.37 Jul14 339.20 342.60 338.80 341.34 ***** ***** Aug14 337.20
      661 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jul 29 Index Change Change Change Change Change Change World Preliminary 1245.0 0.0 5.1 0.0 3.5 -0.1 5.1 EAFE Preliminary 976.6 0.3 2.1 0.1 0.7 0.1 2.4 Europe Preliminary 1392.1 0.3 2.7
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      472 24 Jul 30 US$ A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.789 0.700 7.265 56.383 108.533 0.958 9.604 2.983 1.102 92.554 40.704 1.165 9.928 0.851 28.101 29.881 0.554 0.937 Canada 0.982
      472 words
    • Article
      Lock icon SIBOR
      35 24 Jul 30 (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 Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 24 Jul 30 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-16 101.15 5-Year NX*****W 2.5 01-Jun-19 105.88 106.11 106.05 10-Year NY*****H 3.000 01-Sep-24 105.14 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      124 24 Jul 30 GOLD(US$/oz) Jul 30 Jul 29 Hong Kong 1301.00 1313.00 Jul 29 Jul 28 London 1298.46 1303.85 1299.25 1304.58 Source: Thomson Reuters Source: Reuters CAST BAR Jul 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 257 10gm
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    • Article
      Lock icon PALM OIL
      59 24 Jul 30 Jul 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2349.0 2318.0 2350.0 2306.0 973 3567 Sep 14 2303.0 2290.0 2314.0 2278.0 4074 ***** Oct 14 2282.0 2265.0 2289.0 2254.0 ***** ***** Nov 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jul 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1650 1.1660 0.9374 0.9375 Canadian dollar 1.1439 1.1451 0.9207 0.9204 Euro 1.6652 1.6669 1.3399 1.3403 NZ dollar 1.0574 1.0583 0.8508 0.8509 Sterling pound 2.1044 2.1065 1.6933 1.6937
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Jul 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1226.50 1236.50 1242.25 1219.25 Sep 14 1121.50 1137.00 1143.75 1118.25 Nov 14 1095.00 1107.75 1116.50 1089.00 Jan 15 1102.25 1114.25 1122.25 1095.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
      109 words
    • Article
      Lock icon LIFFE
      95 24 Jul 29 COCOA (£/tonne) Close Prev High Low Sep 14 1980 1962 1982 1959 Dec 14 1952 1938 1954 1937 Mar 15 1924 1918 1932 1918 May 15 1911 1905 1919 1906 COFFEE(US$/tonne) Close Prev High Low Jul 14 2034 2036 2034 2034 Sep 14 2034 2028 2038 2017
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      997 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -56 3.80 48 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas REIT MB eCW*****3 2.4 0.2 230 4 Asiatic Grp(Hldgs) Ltd W*****5 Expiry
      997 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jul 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.32 0.19 WTI (Near Mth) 100.90 -0.80 Dubai (1-Mth F) 105.81 0.42 Tapis blend 110.05 0.62 Minas 105.75 0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.28 -0.28 Jet Kerosene 119.20 0.50 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jul 30 S$ Bid Offer 1-month 1.2428 1.2437 2-months 1.2428 1.2437 3-months 1.2427 1.2437 6-months 1.2426 1.2435 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 24 Jul-29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1965.50 1999.75 3 months 1982.00 2015.00 Copper, Grade A(US$/tonne) Cash 7102.50 7132.75 3 months 7082.00 7120.00 Lead(US$/tonne) Cash 2252.00 2286.25 3 months 2267.00 2301.00 Nickel (US$/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 24 As at 9am Jul 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.192 1.136 Can dollar 1.165 1.121 Euro 1.705 1.624 Sterling pound 2.144 2.062 NZ dollar 1.082 1.041 US dollar 1.267 1.207 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 24 Jul 30 $S Offer Bid 0vernight 0.05 0.02 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ 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 Foreign buyers fuel concern in Miami luxury condo boom
      571 25 Analysts cite investor glut, slowing sales, plans for thousands of new condo units Reu ters [MIAMI] As construction cranes crowd the coastline and developers strive to lure wealthy international buyers with brand-name towers and lavish amenities, there are signs that Miami’s
      Reuters; PHOTO: BLOOMBERG  -  571 words
    • Article
      Lock icon Chinese investors on global real estate buying spree
      399 25 H1 overseas property investments up 17%, 84% jump for homes Reuters [HONG KONG] China’s institutional investment in property overseas rose 17 per cent in the first six months of this year, with residential investment surging 84 per cent, real estate services firm
      Reuters  -  399 words
    • Article
      Lock icon Househunt
      1087 25 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUN 18 AND JUN 24, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 19/06/2014 99 861 1500 1742 District 3 NON-LANDED Alex
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    • Article, Illustration
      Lock icon Not easy to follow HK, S’pore property moves
      1634 26 Other cities don’t have same control over economies and residents’ behaviour Bloomberg [HONG KONG] Take a look at the world’s dizzying surges in the price of housing for 12 months at the end of June: London, up 20 per cent. Manhattan, 18
      Bloomberg; PHOTO: BLOOMBERG  -  1,634 words
    • Article, Illustration
      Lock icon Million-dollar US home loans surging ahead
      1234 27 Banks dishing out mortgages of up to US$10m; first-timers don’t have it so easy Bloomberg [WASHINGTON] Banks in the United States are handing out mortgages of as much as US$10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans.
      Bloomberg; PHOTO: BLOOMBERG  -  1,234 words
    • Article, Illustration
      Lock icon Iskandar regulator plays down fears of property glut
      1135 28  -  IRDA says jobs to be created will ensure demand for thousands of homes By PAULINE NG in Kuala Lumpur ISKANDAR Regional Development Authority (IRDA), the statutory authority for regulating and driving the development of Iskandar Malaysia into an international metropolis, has played
      PHOTO: NSTP  -  1,135 words
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      Lock icon Page 26 Advertisements Column 1
      413 26 (D)jLL for sale by tender #B1 THE ADELPHI SINGAPORE Floor Area: Approx 4,090sqft Tenure: 999 years leasehold Near escalator. Suits most trades incl. F&B, Nightclub Pub Vacant possession Tender Closing Date: 26 August 2014 (Tue), 3pm Mok Sze Sze CEAReg No. R*****7H Noelle Tan CEAReg, No. R*****3G 9828 0866 9766
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      Lock icon Page 26 Advertisements Column 2
      356 26 Property Developers and Equity Partners seeking to expand into Australia We offer opportunities for Joint Venture Partnerships with an established team of Property Development Professionals CALL +65 *****659 (SINGAPORE), +61 *****1813 (AUSTRALIA) OR EMAIL TO info@landdevelopmentsaustralia.com TO DISCUSS OPPORTUNITIES TO EXPAND YOUR FOOTPRINT IN THE AUSTRALIASIA REGION. LAND DEVELOPMENTS AUSTRALIA
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      72 27 3 OFFICE FLOORS NEAR TANJONG PAGAR MRT Single or multiple floor purchase Strata area 5,210 to 16,060 sqft Regular and column-free layout High floor. Excellent views Plenty of carpark lots Expression of Interest Closing: Tuesday, 21 August 2014, 3pm For Further Information, Please Call: CLEMENCE LEE 9724 2939 CEA Reg.
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      150 27 NORTH FACING RURAL RESIDENTIAL DEVELOPMENT OPPORTUNITY boundary lines are indicative only 306 Sea View Road, Waiheke, Auckland, New Zealand First time on the market in 33 years. Approximately 38.1977ha of prime north facing rural residential development land on Waiheke Island. Predominantly zoned Rural 2 under the Hauraki Gulf Islands section
      150 words
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      258 27 KnightFrank.com.sg U Knight Frank A UNIQUE OPPORTUNITY TO CREATE THE FINEST RESIDENTIAL DEVELOPMENT IN THE HEART OF SINGAPORE SPRING GROVE ORCHARD SINGAPORE 3* tT m. m Land area 24,481.2 sq m (approx. 263,513 sq ft) Master Plan 2014 Residential, GPR 2.1 Largest residential plot along Grange Road The most upscale
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      385 28 PHASE 2 NEW Jurong Lake District Master Plan Model available for Viewing! VISION E X C H A N G E Acquire a Distinct Office Asset in the Heart of Jurong Gateway Offices from 441 sqft Medical Suites from 301 sqft F&B Units from 517 sqft Direct link to Jurong
      385 words