The Business Times, 2 October 2014

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Microfilm: NL33268
Total Pages: 33
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Thursday, October 2, 2014
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  • Article, Illustration
    Lock icon Home price fall eases but no rebound in sight
    887 1  -  Q3 flash numbers show widening HDB-condo gap, worsening soft private mass market By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Prices of private homes and HDB resale flats softened further in the third quarter, albeit at a slower rate for the private market.
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,264.09 (-12.65) HST INDEX FUTURES 3,262.00 (-11.00) HSIMSCI 368.78 (-1.38) HSIMSCI FUTURES 368.00 (-1.30) US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.620 2.068 EURO (US$/S$/€ 1.259 1.608 Foreign currency per US$ S$ YEN 109.90 86.10 RM 3.282 2.570 HK$ 7.765 6.082 BAHT 32.49 25.44 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,845.32 -0.99 NIKKEI 225 16,082.25 -91.27 HANG SENG 22,932.98 -296.23 SET INDEX 1,587.35 +1.68 JAKARTA COMP 5,140.91 +3.33 MANILA COMP 7,268.06 -15.01 SEOUL COMP 1,991.54 -28.55 SHENZHEN B 979.63 +4.35 MUMBAI IND 26,567.99 -62.52 12 noon EDT Change DOW 16,871.94 -170.96 NASDAQ 4,449.96 -43.43
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 6.85 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon Manufacturing traces choppy course, despite PMI uptick
    705 1  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Singapore’s manufacturing continued on its choppy course in September a sign that the long-awaited recovery is still patchy at best. While the overall Purchasing Managers Index (PMI) bounced back to expansion mode last month rising 0.8 points
    Source: SIPMM  -  705 words
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      146 1 COMMENTARY A new chapter in Indo-US relations PAGE 27 SPECIAL FEATURE Energy efficiency national partnership PAGES 15-18 HOCK LOCK SIEW LCD shareholders caught in a bind without general offer? PAGE 8 HK PROTESTS My encounter with tear gas PAGE 4 Day of German Unity Don’t miss this special feature! IPAGES
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      492 2 Fall in Q3 home prices eases; but no turnaround in sight PRICES of private homes and HDB resale flats softened further in Q3. This could be due to the holding power of owners and developers. FRONT PAGE Manufacturing traces choppy course, despite PMI uptick SINGAPORE’S manufacturing continued on
      492 words
    • Article, Illustration
      Lock icon Asian firms more confident about making purchases
      824 2  -  China leads hunt for acquisitions in the region and the West MERGERS ACQUISITIONS By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Asian companies are on the prowl for acquisitions in the region and the West, showing a conviction that had been missing earlier despite prime
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    • Article
      Lock icon Asia-Pac M&A deals set new record
      763 2  -  By MALMINDERJIT SINGH By msingh@sph.com.sg @MalminderjitBT [SINGAPORE] It’s still three months to the year end, but dealmakers and their advisers are already clinking champagne flutes to a record-busting nine months. According to Mergermarket, a record has already been set for Asia-Pa-cific ex-Japan, with merger
      763 words
    • Article, Illustration
      Lock icon Local firms’ payment delays ease in Q3
      585 2  -  By ANGELA TAN angelat@sph.com.sg [SINGAPORE] FOR the first time in three consecutive quarters, payments delays by local firms have eased. While Singapore’s manufacturing, services and wholesale industries experienced a marginal increase in slow payments, the construction and retail sectors fared better. According to
      Source: Singapore Commercial Credit Bureau  -  585 words
    • Article
      Lock icon Clarification
      74 2 IN “T+2 is not the end of c o n t r a t r a d i n g” B T Sept 30), we reported that Sept 30), we reported that “the industry could eventually see settlement decentralised to individual broking houses”. Singapore Exchange has pointed out that
      74 words
    • Article, Illustration
      Lock icon Team SunMoon is BT golf champs
      297 2  -  By JUSTINE MOSS [SINGAPORE] Team SunMoon edged out Team SPH Sultans of Swing to complete its hat-trick of wins and be crowned BT Corporate Golf League 2014 champions. Winners in 2012 and 2013, the team collected 110 stableford points in the final round (the
      297 words
    • HONG KONG PROTESTS
      • Article, Illustration
        Lock icon My encounter with lingering tear gas
        898 4  -  By LIVIA YAP The writer is a former BT intern who is studying at the University of Hong Kong in Hong Kong EVEN after it clears, tear gas will leave lingering chemical crystals in the air. I discovered this as I walked on a
        898 words
      • Article
        Lock icon Step down or face more protests, HK leader warned
        542 4 Reuters [HONG KONG] Thousands of pro-democracy protesters thronged the streets of Hong Kong on Wednesday, some of them jeering National Day celebrations, and students threatened to ramp up demonstrations if the city’s pro-Beijing leader did not step down. There was little
        Reuters  -  542 words
    • Article
      Lock icon China manufacturing steady in September
      731 4  -  Official PMI reading at 51.5, unchanged from August but lower than July’s 51.7 By VIRGINIE MANGIN in Beijing CHINESE manufacturing held firm in September, coming in slightly above expectations and painting a mixed picture of the world’s second largest economy which is grappling with a
      731 words
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      55 3 ATEK PHILIPPE GENEVE gin your own tradition. PATEK PHILIPPE 9 c You never actually own a Patek Philippe. You merely look after it for the next generation. THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. 1:65-6734 2420 TANG PLAZA T:65-6235 7198 KNIGHTSBRIDGE T65-6884 8484 RAFFLES HOTEL ARCADE T:65-6334 3241 ONE RAFFLES PLACE T65-6534
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      108 4 i =4 DEADLINE CA WORK OVERLOAD J BILL TAX HOUSE DEBT U' ILcWW fiagrZrA tress is something that everyone can relate to. While too much stress can cause illness, too little of it may lead to a lack of motivation. What level of stress is healthy? Does stress encourage you
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      20 4 Now on PC, iPad Android WELCOME ABOARD Ask your local bookshop or get your copy by subscribing today Visitwww.asia-pacificboating.comor emailsub@bluincmedia.com
      20 words
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      57 4 More reports, Page 11 OPPIC^XPO ASIA 2015 The Next-Generation Workscape 29-31 JULY 2015 Marina Bay Sands, Singapore www.OfficExpoAsia.com •Cloud Solutions for Small Medium Enterprises Next-Gen Business Solutions Document Imaging Solutions •Office Stationery Supplies ■Optimal Modern Work Environments Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By: BIZLINK Exhibition
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  • COMPANY NEWS
    • Article
      Lock icon OCBC, UOB and 7 others get Myanmar banking permits
      492 5  -  They have to comply with central bank requirements before obtaining final licence By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT OCBC Bank and United Overseas Bank (UOB) have been granted a foreign bank licence to operate in Myanmar. They are among the nine foreign
      492 words
    • Article
      Lock icon AVJennings buys out partner in St Clair project
      209 5  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT AUSTRALIAN developer AVJennings has completed the acquisition of the remaining 50 per cent interest in the St Clair project in South Australia from Urban Pacific Limited, a move that the residential developer says will have positive impact
      209 words
    • Article
      Lock icon New CEO, chairman for Linc Energy
      401 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT LINC Energy announced a slew of changes to its management and board on Wednesday, including a new role for its long-stand-ing CEO. The company has appointed 44-year old Craig Ricato as its new managing director and CEO to replace
      401 words
    • Article
      Lock icon SGX buys rest of EMC, plans electricity futures
      434 5  -  It acquires remaining 51% for S$23m By KENNETH LIM kenlim@sph.com.sg @KennethLimBT SINGAPORE Exchange (SGX) has acquired the rest of electricity market operator Energy Market Co (EMC) for S$23 million in cash as it marches towards its goal of creating electricity and energy
      434 words
    • Article
      Lock icon Asia’s investor confidence dips amid global rise
      466 7  -  Fed’s tightening cycle seen as biggest issue for investors By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT INVESTOR confidence in Asia fell in September even as the global investor sentiment rose, State Street’s Investor Confidence Index (ICI) released on Wednesday showed. Asia’s ICI dipped 4.5
      466 words
    • Article
      Lock icon Asia-Pac is IPO Central in 2014
      817 7  -  More listings, and more capital raised in Jan-Sept period than a year ago By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THERE have been more initial public offerings (IPOs) on Asia-Pacific exchanges so far this year than in any other region with Hong Kong, Australia, Tokyo and
      817 words
    • Article
      Lock icon Shell Singapore appoints first female country head
      258 7  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT ROYAL Dutch Shell has appointed its first female head for Shell companies in Singapore. Goh Swee Chen, who is vice-presi-dent for commercial fuels and lubricants in Asia Pacific and will continue in the role, succeeded Lee Tzu Yang
      258 words
    • Article
      Lock icon JTrust should bring its promises for LCD to pass
      1001 8  -  HOCK LOCK SIEW By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT THOSE familiar with mergers and acquisitions here would know that the magic number has been 30 over the past decade because any stake acquisition below 30 per cent will not trigger a mandatory
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    • Article
      Lock icon Asia’s depressed stock markets ‘make it a time to buy, not sell’
      431 8  -  By GENEVIEVE CUA gen@sph.com.sg PROTESTS in Hong Kong have caused Asian stock markets to slide, but veteran investor Mark Mobius says a drop in prices is an opportunity to buy rather than to sell. The executive chairman of
      431 words
    • Article
      Lock icon Giken Sakata unit secures extension on 2 Indonesian oil fields
      237 8 GIKEN Sakata’s subsidiary PT Cepu Sakti Energy (PT CSE) has secured 10-year extensions for two of its Indonesian oil fields. The extensions will allow PT CSE to operate in its Trembul and Gabus oil fields until Nov 2, 2020 and
      237 words
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      118 5 www.DasWeltAuto.com.sg Certified Pre-owned with more than 30 choices. Prices from $95,800. A 3 T r A* 4 Das Auto. v Enjoy up to $5,000 overtrade. Alexandra Road Volkswagen Centre \£l) Alexandra Leng Kee Road Kung Chong Road IChang Charn Road A? ■b EH We The Das WeltAuto Promise: y Multipoint
      118 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No joy as Q4 starts on weak note
      578 6  -  ST Index’s 12.7-point fall attributed to Wall Street softness, HK political unrest and geopolitics STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent Trading for the fourth quarter kicked off on a sour note on Wednesday, with the Straits Times Index sinking to a
      Source: Bloomberg  -  578 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Oct 1 VALUE CLOSE BT OB/OS -411.00 -134.00 BT CADI -*****.00 -4.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 762.73 +3.82 FTSE ST Small Cap 531.25 -0.45 FTSE ST All Share 792.62 -1.75 FTSE ST China Top 191.49 -1.20 FTSE ST China 222.59 -1.76 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 3 0 0 0 4 6 3 Manufacturing 40 44 40 5 12 7 45 56 47 Commerce 18 15 22 8 4 6 26 19 28 Tpt/Stor/Comms 12 13 12
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    • BROKERS’ TAKE
      • Article
        Lock icon Noble Group
        200 6 Group Oct 1 close: S$1.285 Standard Chartered, Sept 30 FOLLOWING rapidly from the Ecuador flow/funding and China Investment Corp (CIC) placement news flow, Noble announced the early closure of the COFCO-Noble Agriculture joint venture on Sept 30, 2014. This is a milestone event, in our opinion. While we
        200 words
      • Article
        Lock icon Singapore property development and investment
        302 6 CIMB Research, Oct 1 THE property price index and the HDB resale index fell 0.6 per cent and 1.6 per cent q-o-q respectively in Q3 2014 and are now 3.8 per cent and 6.8 per cent below previous peaks, according to flash estimates. The pace
        302 words
      • Article, Illustration
        Lock icon Marco Polo Marine
        380 6  -  Compiled by Kenneth Lim Oct 1 close: S$0.35 DMG Partners Research, Oct 1 NAM Cheong has agreed to invest circa US$30.7 million for a 30 per cent stake in BBR. The deal will be done through a rights issue, priced at 230 rupiah/share, which is near book
        Source: Bloomberg  -  380 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,240 10,240 32,011 32,011 Manufacturing 190,227 39,792 230,019 112,964 6,378 119,341 Commerce 92,654 43,045 135,699 73,278 2,871 76,149 Tpt/Stor/Comms 74,434 8,741 83,175 115,948 1,709 117,657 Finance 10,148 50 10,198 99,417 13 99,431 Construction 27,730 38,774
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change Ascendas Reit 2.250 CapitaLand 3.190 -0.010 CapitaMall Trust 1.930 +0.020 CityDev 9.550 -0.070 ComfortDelGro 2.480 +0.080 DBS Grp 18.41 -0.010 Genting Sing 1.115 -0.025 Global Logistic 2.720 +0.010 Golden Agri-Res 0.510 -0.005 HPH Trust USD 0.690 -0.010 HongkongLand USD 6.700 -0.100 JMH
      120 words
    • Article, Illustration
      Lock icon Dollar scales 6-year peak versus yen; euro’s woes deepen
      569 6 CURRENCIES Reuters [LONDON] The dollar rose above 110 yen for the first time in six years and held near a two-year peak against the euro on Wednesday as investors added to bets that US economic data will lead the Federal Reserve
      Reuters; PHOTO: BLOOMBERG  -  569 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Mirach Energy 55,343,000 APAC Strategic 53,864,000 IHC 42,068,000 Charisma Energy 30,769,000 Noble 25,648,000 ThaiBev 25,272,000 China Fibretech 23,513,000 Genting Sing 23,161,000 Yuuzoo 21,361,000 Golden Agri-Res 19,128,000 VALUE($) DBS Grp 48,346,075 SingTel 33,934,000 Noble 33,112,615 SingPost 27,246,000 Genting Sing 25,979,990 OCBC Bank 20,790,220 Sembcorp Marine 19,830,250 ThaiBev
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    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP Lyxor Indonesia US$ 9097 83.0 0.7 DBXT AUDBonds AU$ ***** 45.6 0.2 DBS Bk 4.7% NCPS ***** 35.0 0.3 DBXT ASX200 US$ 3871 25.5 0.5 JSH USD 3505 25.5 0.6 DBXT E50 US$ 5079 21.7 0.3 DBXT MSINDO us$ 1444 20.4 1.1 DBXT iBoxxUSTr US$
      118 words
    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN DBXT MSKorea US$ 5920 -176.2 -2.3 GLD US$ ***** -132.8 -0.9 DBXT EONIA US$ ***** -116.2 -0.5 SPDR S&P 00 US$ ***** -107.2 -0.4 DBXT iBoxxSvEu US$ ***** -76.6 -0.2 DBXT DBLCI-OY US$ 3064 -72.8 -1.8 DBXT iBoxxKR US$ ***** -72.8 -0.4 DBXT DBCDJUBS US$
      126 words
    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
      4 words
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      417 7 The Oaks Cellars Shop Online 1^ It's !A “Discovery! Best Buy of the week Moscato D'Asti Santo Stefano DOCG 2013 SINGAPORE www.oaks.com.sg Usual: S$49 90 Now: S$35.00 OAK S rn PART OF THE GAS 5i GAS ASIA SUMMIT Conference and Workshop Marina Bay Sands I Singapore 28 30 October 2014
      417 words
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      905 8 A special feature brought to you by Are you fully engaging prospects with Digital Edutainment Marketing? As a business owner for the past 21 years, I’ve run the gauntlet of marketing practices from traditional marketing in the form of print advertisement to guerrilla marketing tactics. Traditional marketing was all about
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  • SINGAPORE NEWS
    • Article
      Lock icon Visa Inc to expand tech hub, create 185 R&D jobs
      363 9  -  It wants to ride the wave of growth in Singapore’s financial and IT sectors By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT VISA Inc will expand its technology hub in Singapore, a move that will see the creation of about 185 jobs in
      363 words
    • Article
      Lock icon NUS, NTU among world’s top 200 universities
      674 9  -  BY. VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT TWO local institutions National University of Singapore (NUS) and Nanyang Technological University (NTU) have moved up the ladder to rank among the world’s top 200 universities, according to the 11th annual edition of the Times Higher Education World
      674 words
    • Article
      Lock icon SMEs urged to focus on human aspects of innovation
      774 9  -  Technology not the only solution in innovating, says consultant THINK BIG ENTREPRENEURS CONVENTION 2014 By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SMEs in Singapore may be better off focusing their innovation efforts on the human aspects rather than the technological-led approaches that they
      774 words
    • Article
      Lock icon Uber app debuts cab rides and billings for businesses
      370 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg@JacCheokBT BARELY a month after launching taxi-booking service uberTAXI here, San Francisco-based ride-shar-ing app Uber is back with a new offering: Uber for Business (U4B). A platform that lets small and large companies manage their employees’ taxi rides
      370 words
    • Article
      Lock icon Online security kit for SMEs to guard against cyber attacks
      465 9  -  By AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT IN VIEW of the cyber security breaches and attacks, globally as well as in Singapore over the past few years, the Infocomm Development Authority of Singapore (IDA) will soon launch an infocomm security starter
      465 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Jokowi faces tough task of managing voters’ expectations
      608 10 Rivals may obstruct his reform plan in new Parliament where he has minority support Reuters [JAKARTA] Incoming Indonesian president Joko Widodo is trying to manage the expectations of his supporters and investors as an oppositiondominated Parliament likely to obstruct his ambitious reform
      Reuters; PHOTO: REUTERS  -  608 words
    • Article
      Lock icon Pertamina’s US$2b Murphy deal may herald more buys
      284 10 Bloomberg [SYDNEY] PT Pertamina’s purchase of a stake in Murphy Oil Corp’s oil and natural gas assets in Malaysia for US$2 billion may lead to more overseas deals for Indonesia’s state-owned energy company as it struggles to bolster domestic reserves. “This could
      Bloomberg  -  284 words
    • Article
      Lock icon Indonesian coal exporters chafe at new regulations
      598 10 Exports seen falling with backlog of firms waiting to be registered for permits Reuters [JAKARTA] Indonesia’s coal exports are expected to fall 15-20 per cent in October from September and could decline 5 per cent this year as firms scramble to obtain government
      Reuters  -  598 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon US, India to boost maritime security ties
      596 11 Cooperation can be a counterweight to China’s assertive moves in Asia Reu ters [WASHINGTON] US President Barack Obama and Indian Prime Minister Narendra Modi agreed on Tuesday to deepen US-Indian cooperation on maritime security to ensure freedom of navigation in what amounts to
      Reuters  -  596 words
    • Article, Illustration
      Lock icon Some banks start moving staff to back-up premises on HK’s outskirts
      455 11 Move prompted by protesters blocking parts of Central Reuters [HONG KONG] Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from
      Reuters; PHOTO: BLOOMBERG  -  455 words
    • Article
      Lock icon Unrest in Hong Kong has economic roots
      566 11 WP [HONG KONG] Hong Kong’s struggle for democratic rights promised by China has erupted into the streets in recent days. But although this is a political battle, part of the reason Hong Kong is fighting so hard for its freedom is that it
      WP  -  566 words
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      684 words
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  • WORLD
    • Article, Illustration
      Lock icon Lone market fight awaits EBay CEO
      705 12 Split with PayPal puts business model under scrutiny Bloomberg [SAN FRANCISCO] EBay Inc’s separation from PayPal casts the online marketplace into an environment where the stakes are much higher as Amazon.com and Alibaba Group Holding battle for global supremacy. Devin Wenig, 47, will continue
      Bloomberg; PHOTO: BLOOMBERG  -  705 words
    • Article
      Lock icon 9 foreign banks get licences in Myanmar
      411 12 Twenty-five foreign banks submitted proposals for starting operations Bloomberg [SINGAPORE] Industrial Commercial Bank of China and Japan’s three largest banks won approval to start operations in Myanmar, the South-east Asian nation emerging from five decades of economic isolation. ICBC, Mitsubishi UFJ Financial Group,
      Bloomberg  -  411 words
    • Article
      Lock icon LNG exports from US set to stir up global markets
      668 12 Bloomberg [NEW YORK] The US natural gas boom is poised to go global as the government approves projects that will export the fuel to buyers from Tokyo to New Delhi. Dominion Resources’ Cove Point terminal in Maryland won authorisation on
      Bloomberg  -  668 words
    • Article
      Lock icon Microsoft gives sneak peek of latest Windows OS
      680 12 Bloomberg [SEATTLE] Microsoft Corp showed a first glimpse of its newest Windows operating system on Wednesday, touting new features such as a custom application store and added security as it seeks to woo businesses that shunned the previous version as confusing and
      Bloomberg  -  680 words
    • Article, Illustration
      Lock icon Slowing Asian factories douse hopes for growth
      703 13 Tepid PMI in China, India, Japan, Korea also depresses commodity prices Reuters [SYDNEY] Factory activity stumbled across much of Asia in September, with slowdowns in India, Japan and Taiwan and an outright decline in South Korea delivering a setback to hopes for a
      Reuters; PHOTO: REUTERS  -  703 words
    • Article
      Lock icon Aussie’s steep fall a relief, but it’s not enough to spark recovery
      503 13 Reuters [SYDNEY] The Australian dollar suffered its biggest monthly drop in over a year in September and was on the verge of reaching four-year lows, but it will probably need to fall further and stay down before exporters
      Reuters  -  503 words
    • Article
      Lock icon Fannie and Freddie investors lose suit
      608 13 Govt allowed to take all profits of the bailed-out mortgage giants: judge Bloomberg [DETROIT] Fannie Mae and Freddie Mac investors lost their legal challenges to a change to the mortgage giants’ 2008 bailouts that sent their profits to the US Treasury. The lawsuits, among
      Bloomberg  -  608 words
    • Article, Illustration
      Lock icon BOJ survey gives mixed picture of Japan’s economic recovery
      754 14  -  The country’s Q3 figures promise to give a clearer view of the way ahead By ANTHONY ROWLEY in Tokyo BUSINESS confidence among large Japanese manufacturing firms rose marginally and unexpectedly in September, said the Bank of Japan (BOJ) on Wednesday, even
      PHOTO: REUTERS  -  754 words
    • Article
      Lock icon Markit PMI reading rounds off strongest quarter since crisis
      577 14 Labour market in upswing; 3% GDP growth seen in Q3 LATEST US DATA Reuters [NEW YORK] America’s manufacturing industry expanded in September, though a tad slower than during August, while employment in the sector grew at its best pace since March
      Reuters  -  577 words
    • Article
      Lock icon Eurozone manufacturing near stagnation
      478 14 Dragged down by Germany, Sept PMI falls to touch 14-month low: Markit AFP [BRUSSELS] The eurozone’s manufacturing sector reported lacklustre activity in September, set back by a fall in production by Germany, a survey showed on Wednesday, adding to clouds over the single currency zone. The
      AFP  -  478 words
    • Article
      Lock icon Oil price climbs from 2-year low to above US$95
      406 14 China PMI a boost following fears of rising oil supply Reuters [LONDON] Oil rose from the lowest level in more than two years to over US$95 a barrel on Wednesday, as a slightly better-than-expect-ed Chinese factory survey countered worries of an
      Reuters  -  406 words
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      1052 12 The Business Times NOTICES CEFC INTERNATIONAL LIMITED (Incorporated in the Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of CEFC INTERNATIONAL LIMITED (the “Company”) will be held at 168 Robinson Road, FTSE Room Level 9, Capital Tower, Singapore
      1,052 words
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      2529 13 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Notice of Annual General Meeting Ellipsiz Ltd (the “Company”) (Incorporated in the Republic of Singapore) Registration No. *****8329R NOTICE IS HEREBY GIVEN that the 19th Annual General Meeting of the Company will be held at 54 Serangoon North Avenue 4,
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      557 14 MORE SEATS MADE AVAILABLE! THE THINK BIG ENTREPRENEURS CONVENTION 2014 KNOW TODAY’S CUSTOMER Discerning. Connected. Has choices. Whether you are in retail or B2B, service or F&B, your customer today is an evolved entity. Understanding her profile is only the first step to closing a sale. The more important question
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      1954 15 The Energy Efficiency National Partnership helps industry players manage their energy use and reduce carbon emissions SINGAPORE is directing much of its efforts towards boosting energy efficiency within the industry sector to curb carbon emissions, which accounts for half of the country’s entire energy use. One key aspect of this
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  • ENERGY EFFICIENCY NATIONAL PARTNERSHIP
    • Article, Illustration
      Lock icon Changing mindsets on energy use
      1968 16 / 17 Three winners of the Excellence in Energy Management award discuss their efforts to spread the message of energy efficiency in their organisations BUSINESS Times: What are some of the highlights of your energy management system? Yik Yin Fun: In February 2012, Abbott’s manufacturing plant in
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      Lock icon Steeling themselves for a green cause
      762 16 / 17  -  NatSteel Holdings’ innovative waste heat recovery system is helping it reap energy and cost savings. Reports by kan kwok leong EENP AWARDS 2014 BEST PRACTICES CATEGORY KAN KWOK LEONG USING a new energy-efficient technology common in other industries is helping steel producer NatSteel Holdings
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      Lock icon Best energy efficiency practices in the public sector
      870 16 / 17 These two public-sector organisations can hold their own against the best of their private-sector counterparts when it comes to saving energy SEMBAWANG SECONDARY SCHOOL WINNER, SCHOOL CATEGORY BRINGING green into the classroom. That’s what Sembawang Secondary has actively sought to do for
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      Lock icon Power players in the energy game
      644 18  -  The three winners of the Outstanding Energy Manager of the Year awards have produced impressive energy savings for their respective organisations, reportsKAN KWOK LEONG KAN KWOK LEONG WONG TAT CHOON Assistant Vice-President, Production (Engineering) Singapore Newspaper Services AS the champion for energy efficiency at
      644 words
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      Lock icon Delivering results
      277 18 Syed Yousuff Associate Director, Engineering MSD International GmbH (Singapore Branch) HIS employer, pharmaceutical manufacturer MSD International, has set some lofty targets for the team that he oversees. As the leader of the company’s Singapore site Energy Management and Business Improvement team, Syed Yousuff is expected to deliver MSD’s
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      Lock icon Hunting for treasure
      173 18 ONE of Syed Yousuff’s achievements as the energy manager of MSD International in Singapore was leading and conducting an Energy Treasure Hunt in November 2013. The novel event was the first-of-its-kind in Singapore, and the objectives were to reduce cost, drive reductions in energy consumption and greenhouse
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      Lock icon Leading by example
      452 18 Cheong Kok Onn Energy and Utility Manager Glaxo Wellcome Manufacturing HE may be his company’s appointed energy manager, but Cheong Kok Onn’s efforts to cut the power bill continues even when he leaves the office. “For example, I teach my children how to calculate how much energy
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      Lock icon Recognised for his expertise
      134 18 CHEONG Kok Onn’s expertise in the area of energy efficiency is recognised across not just the GlaxoSmithKline (GSK) group but the rest of the pharmaceutical industry as well. The committed energy manager has shared his organisation’s practices and projects with his counterparts from GSK sites in
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      23 18 Proud Partners Of The Energy Efficiency National Partnership Abbott A Promise for Life City Developments Limited NatSteel A Tata Steel Enterprise Be well
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      705 19 THE BUSINESS TIMES NOTICES Kayler International Limited. Company No. *****7 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1)(b) of the BVI Business Companies Act, 2004 that Keith Price at 1 Raffles Place #30-04, Singapore *****6, has been appointed as the voluntary Liquidator of the Company
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      2526 19 rr cord life one chance, one choice. CORDLIFE GROUP LIMITED (Registration Number: *****2883E) (Incorporated in the Republic of Singapore on 2 May 2001) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cordlife Group Limited (the “Company”) will be held at the Auditorium 302,
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  • AVIATION/SHIPPING
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      Lock icon Aug Asia-Pac air freight volumes up 6.3% y-o-y
      461 20  -  Iata says global volumes rise 5.1% in Aug against 6.1% in July By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT AIR freight volumes for Asia-Pacific carriers expanded 6.3 per cent year on year in August, outstripping the global industry, as trade volumes in emerging Asia
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      Lock icon Airbus wins European nod for new A350 jet
      698 20 Re uters [PARIS] Planemaker Airbus won European safety approval on Tuesday for the A350, clearing the main regulatory hurdle before its newest and most technically advanced jet can start flying passengers. The European Aviation Safety Agency (EASA) said Airbus, the planemaking unit
      Reuters; PHOTO: REUTERS  -  698 words
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      Lock icon Task force delays aircraft tracking plans
      452 20 Reuters [TORONTO] An airline industry-led task force looking at ways to improve plane tracking after the disappearance of Malaysia Airlines’ (MAS) flight MH370 has delayed its recommendations, possibly until December. A spokeswoman for the International Air Transport Association (Iata), which is leading the effort,
      Reuters; PHOTO: REUTERS  -  452 words
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      Lock icon First Alaskan crude in 14 years heads to Korea
      631 20 Easing of export ban to help lower fuel prices: analysts Reuters [NEW YORK] The first US export of Alaskan crude to South Korea in more than a decade set sail at the weekend, according to a company source and shipping data,
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      Lock icon TRANSPORT STOCKS
      239 20 SGX '000 Oct 01 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.30 -0.01 214 Cosco Corp 0.68 unch 369 Cwt Limited...............1.67 -0.01 662 Vol First Ship Lea 0.49 Grand Banks..............0.25 -0.01 3 Jaya Hold Ltd Chuan Hup Hldq K1Ventures -0.01 Keppel Corp 10.43 -0.07 1735 Mercator Lines
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      61 20 HOT PROPERTY LORNIE 18 CLUSTER bunglw Resort Living. Superb layout with home lift. 4500sf onwards. 4+1+1 rms. 2 yrs lease. Rental $11K neg. NATURE PARK 3 sty Semi-d Bunglw 4+1 bdrm ensuite Approx 2794/5000 sf. Owner AWESOME CHANCERY BUNGLW d-sty. Pool gdn. 5rms ensuite 7900sf $18.8K. HOUSES FOR RENT Check
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  • Page 20 Miscellaneous
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      328 20 CRYPTIC CROSSWORD Across 1 Heathen trend spread instantly (5,3,4) 9 This makes it hard to contemplate studies before school (3,6) 10 Some gung-ho ulcerous fiend (5) 11 Report looked at leading tabloid (3-3) 12 Internet publication covering working in business (8) 13 Overheard order for brawn or shellfish (6) 15
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  • DAY OF GERMAN UNITY
    • Article, Illustration
      Lock icon Deepening bilateral ties
      1199 21  -  Vincent wee speaks to German Ambassador Michael Witter about how German-Singapore relations have developed over the years VINCENT WE E BT: Singapore and Germany have enjoyed good bilateral relations for many years. Can you summarise these relations and your view on them? Dr Witter: Over the decades,
      1,199 words
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      Lock icon Working together over the years
      915 22  -  Vincent wee finds out how a close relationship with Singapore has helped German leather goods brand Braun Buffel’s expansion in the Asia-Pacific region VINCENT WEE THE history of top German leather goods brand Braun Buffel’s relationship with Singapore can be somewhat compared to that between
      915 words
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      Lock icon A good Asian base for German firms
      1091 24  -  For companies such as Bosch and Continental Automotive, the key factors for investing in Singapore are location, strong govt support and infrastructure, reports vincent wee VINCENT WEE GERMAN companies have been involved in Singapore for many years, taking advantage of the city’s strategic
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      Lock icon Platform to explore business opportunities
      563 24 THE Singaporean-German Chamber of Industry and Commerce (SGC) celebrates its 10th anniversary this year and to honour it, the SGC published their 10th Anniversary Business Magazine. To be launched on Thursday on the Day of German Unity celebrations, the magazine recounts a successful decade with
      563 words
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      168 21 Leave the office without leaving the office. The new S-Class. Vision accomplished. Working on the go is now a convenience with the new S-Class. The First Class Rear suite incorporates a business console to ensure you stay connected. In addition, a multitude of seating options such as the Chauffeur package
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      250 22 tint <. I' 3 Sil> L\ si r mi! SB ill 15 II T nitr ai in K it n T rrrrr i in BukoFE l(3LfTn— C U S s V(I It I ir. ■in 111 in it (onliner talS rm Continental Automotive Singapore Continental is among the leading automotive
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      457 23 BRAUN BUFFEL 1887 GERMANY Legacy of s m -Ci «K mt' m es» M. A i s I Jk; -f' SlfcMU’ -A 'Mm-.. X 11 K*nsf -S'- ;>c m safifS H VM n tariff r Mi #1 ?i# 3 s/SiiUti '?Prl'W£r/■')’ r. wm i Vv-tIW I If tei If i
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      201 24 Bosch worldwide. Innovative solutions to improve quality of life ‘om% 'stems %chnofedXt a i' Prt Wl §Togi‘‘. inner Motors 'end Generators £nS'*r TO An ectr cs p|fffiin Wm I om s t e sv Isto m Electrica h rives o? ''qi tjveWatehco 'Sve s Security Sc mm rs-s Wife ip
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      32 25 USE THIS SPACE TO SELL CALUOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times?
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    1084 25 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville KMTC Mumbai 1402E 23 Sep 07 Oct 24 Oct 27 Oct 30 Oct 01 Nov 04 Nov 05 Nov 07 Nov 10 Nov 10 Nov 14 Nov
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  • EDITORIAL & OPINION
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      Lock icon Challenging balancing act for Najib
      482 26 EDITORIAL MALAYSIAN Prime Minister Najib Razak will table his 2015 Budget in Parliament on Oct 10. He has a challenging balancing act on his hands, given the need to stimulate growth while improving the government’s fiscal position and addressing the rising cost of living. Bank
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      Lock icon We are losing common sense in the age of information
      826 26  -  THE BOTTOM LINE DAVID MASON The writer, a business communications consultant in the UK, was a Price Waterhouse Singapore partner for 18 years in the 1980s and 1990s IS common sense that common any more? Common sense is a term
      826 words
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      Lock icon Is bitcoin’s rise a boon or bane for businesses?
      1405 26  -  As the virtual currency is here to stay, businesses should be alert to risks from its use By MIAO BIN, CLARENCE GOH The writers are research director and research manager, respectively, at the Institute of Singapore Chartered Accountants IN September this
      PHOTO: REUTERS  -  1,405 words
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      Lock icon A new chapter in Indo-US relations
      1322 27  -  The Modi-Obama joint statement is a good start, but it must be followed by viable policy agenda and other initiatives By SUMIT GANGULY The writer is a professor of political science, holds the Rabindranath Tagore Chair in Indian Cultures and Civilizations at Indiana University,
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      Lock icon Can Modi rekindle the Indo-American romance?
      1150 27  -  LEON HADAR Washington Correspondent AT the end of World War II, as American leaders were laying the foundations for the post-war world order, they pressed their ally Britain to give political independence to its colony in the Indian subcontinent. The American position, as enunciated
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      Lock icon Aspiring to overcome manpower challenges
      843 27  -  By LESLIE LOH The writer is chairman ofLithan Hall Academy, a WDA-recognised CET Centre I APPLAUD our government for endorsing the recommendations of the Aspire committee to make lifelong learning a way of life in Singapore. These breakthrough recommendations could overcome our manpower challenges while
      843 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3914 28 Transaction date: Oct l 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 97.5 72 ABR 13.7 7.5 A-Sonic Aero 15 11.2 AEI Div Gr Yld C'vr Net P/E 153.1
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      Lock icon SGX CATALIST
      347 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day 43.5 28 t Alliance Mineral 34 unch 2852 34.5 34 34 34.5 133.9 Div Gr Yld Net M Cap High Low
      347 words
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      Lock icon UNIT TRUST & FUNDS
      10554 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha uno Cl A! Aberdeen Asset Mgt Asia Limited 1.57/ Aberdeen Asset Mat Asia Limited 1 0111/ China Opportunities USD!** Global Emerging Markets USD 2.1151/ (hma Opportunities 8961/ European Opportunities' Global Emerqmq Markets' AllianceBernstein
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      Lock icon GLOBALQUOTE
      223 29 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 Company Last DISCLAIMER: All information is published “as is” without warranty of any kind and for information purposes only. Business Times and the third party information
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      Lock icon SGX ETF
      1057 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Company 139.4 119 CIMB APAC Div S$D 126.2 -0.6 126.2 126.2 125 127.2 110.5 94 CIMB APAC Div US$ US98.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      686 30 Oct 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.39 *****.96 *****.01 Dec14 *****.00 *****.00 *****.00 *****.00 *****6 *****3 Mar15 *****.00 *****.00 *****.00 *****.00 2 209 MSCI TAIWAN INDEX FUTURES SPOT 324.66 326.90 323.17 Oct14 323.80 325.80 321.70 325.00 ***** *****9 Nov14 323.90
      686 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Sep 30 Index Change Change Change Change Change Change World Preliminary 1243.2 0.1 5.0 0.1 3.6 0.0 2.5 EAFE Preliminary 972.6 0.1 1.7 0.0 -2.7 -0.1 -3.6 Europe Preliminary 1385.4 0.4 2.3
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      Lock icon INTERBANK CROSS RATES
      471 30 Oct 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.335 0.690 6.748 53.659 105.698 0.955 9.242 2.852 1.118 89.117 39.072 1.110 9.864 0.832 26.496 28.231 0.537 0.869 Canada 1.026 5.474
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    • Article
      Lock icon SIBOR
      37 30 Oct 1 (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 3 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      88 30 Oct 1 Oct 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.03 106.05 106.05 5-Year N*****0H 1.625 01-Oct-19 99.86 99.90 99.90 Period Issue
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      Lock icon PRECIOUS METALS
      125 30 Oct 01 GOLD(US$/oz) Sep 30 Sep 29 Hong Kong 1217.00 1224.00 Sep 30 Sep 29 London 1212.54 1216.96 1213.12 1217.55 Source: Thomson Reuters Source: Reuters CAST BAR Oct 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 76 47 5gm 301 245 10gm
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      Lock icon PALM OIL
      58 30 Oct 1 Oct KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 14 2257.0 2210.0 2257.0 2210.0 41 1021 Nov 14 2221.0 2206.0 2234.0 2203.0 2381 ***** Dec 14 2210.0 2195.0 2223.0 2189.0 ***** ***** Jan 15 2223.0
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      Lock icon INTERBANK CURRENCY RATES
      155 30 Oct 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1093 1.1099 0.8689 0.8692 Canadian dollar 1.1382 1.1390 0.8920 0.8915 Euro 1.6074 1.6079 1.2590 1.2592 NZ dollar 0.9925 0.9930 0.7774 0.7777 Sterling pound 2.0676 2.0686 1.6195 1.6200
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Oct 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.140 1.086 Can dollar 1.159 1.115 Euro 1.648 1.570 Sterling pound 2.107 2.026 NZ dollar 1.020 0.981 US dollar 1.302 1.240 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      163 30 Oct 1 Oct 1 $S Offer Bid 0vernight 0.05 0.01 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.11 US$ 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
      163 words
    • Article
      Lock icon CHICAGO BOT
      109 30 Sep 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 14 913.25 923.50 930.00 909.75 Jan 15 921.25 932.25 938.50 918.25 Mar 15 929.75 940.50 946.50 926.50 May 15 938.00 948.75 954.50 934.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 14
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      Lock icon LIFFE
      95 30 Sep 30 COCOA (£/tonne) Close Prev High Low Dec 14 2110 2121 2139 2105 Mar 15 2072 2075 2095 2068 May 15 2053 2051 2071 2049 Jul 15 2041 2037 2058 2038 COFFEE(US$/tonne) Close Prev High Low Sep 14 1968 1968 1968 1968 Nov 14 1992 1963 1995 1954
      95 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      869 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 (’000) Asia-Pacific Strategic W*****6 3.6 unch 900 1 2 55 Ratio Albedo Limited W*****9 Price Ascendas REIT MB eCW*****3 2.4 0.2 230 1 Asiatic Grp(Hldgs) Ltd W*****5 2
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      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Sep 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 95.47 -1.10 WTI (Near Mth) 91.31 -3.20 Dubai (1-Mth F) 96.10 0.93 Tapis blend 99.60 1.52 Minas 95.10 1.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.00 1.00 Jet Kerosene 110.97 0.83 US$/barrel OpecOil Basket
      70 words
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      Lock icon US$/S$ FORWARD RATES
      22 30 Oct 1 S$ Bid Offer 1-month 1.2767 1.2769 2-months 1.2767 1.2769 3-months 1.2767 1.2770 6-months 1.2766 1.2769 Source: OCBC
      22 words
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      Lock icon LONDON METALS
      66 30 Sep-30 Sep-30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1928.75 1930.00 3 months 1960.00 1963.00 Copper, Grade A(US$/tonne) Cash 6720.00 6787.50 3 months 6667.00 6742.00 Lead(US$/tonne) Cash 2090.50 2087.00 3 months 2100.00 2098.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
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      Lock icon Seoul office vacancies rise to 25% on job loss
      1134 31 Brokerages shed staff, shut branches after 2013 earnings fall to 8-year low Bloomb erg [SEOUL] Lee Sang Kun doesn’t need to read the real-estate section to know South Korea’s financial hub is emptying. Mr Lee, 65, who operates a coffee shop
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      Lock icon Househunt
      1518 31 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN AUG 20 AND AUG 26, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 22/08/2014 99 667 1410 2113 District 3 NON-LANDED Commonwealth
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      Lock icon Alibaba-Wanda face-off no longer skin-deep
      844 32 Once-distinct portfolios blurring as they move into each other’s turf AFP [BEIJING] China’s former richest man Wang Jianlin once bet Alibaba founder Jack Ma 100 million yuan (S$20.8 million) that online purchases in the country would not eclipse bricks-and-mortar buys in the next decade. But
      AFP; PHOTO: REUTERS  -  844 words
    • Article
      Lock icon Newscorp buys operator of real estate websites
      591 32 Deal will jump start firm’s real estate services business NYT [NEW YORK] News Corp, the publishing company controlled by Rupert Murdoch, agreed on Tuesday to buy Move Inc, an operator of real estate listings websites, for US$950 million in cash, as the newspaper
      NYT  -  591 words
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      Lock icon San Jose and Dallas see biggest rise in US office rents in Q3
      534 33 Bloomberg [SEATTLE] San Jose, in California, and Dallas led the US in office-rent increases in the third quarter as US cities benefiting from growth in the technology and energy industries outperformed the gradual national recovery. Rents after
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    • Article
      Lock icon GIC buys 30% of Spanish property group
      316 33  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] Singapore sovereign wealth fund GIC will acquire about 30 per cent of Spanish real estate group Gmp. The company said on Wednesday that it would invest more than 200 million euros (S$321.6 million) to enable its affiliate,
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      Lock icon Home-price surge spurs RBA loan-policy rethink
      822 33 Parliamentary panel asks central bank to explain why it’s considering changes Bloomberg [SYDNEY] To see why Australia’s central bank has had a change of heart on home lending curbs, look no further than Sydney’s inner city where a onebedroom apartment sold at the weekend
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      337 32 FREEHOLD Commercial Bldg in Central Tokyo with Ready Rental Opportunity NOT to be MISSED Address Nishiazabu, Minato-ku^ Gross Land Area: 105.41 m 2 Located in the heart of Nishiazabu 9 mins walk to Roppongi station 10 mins walk to Hiroo station 1 7 #JLL Attractive Shop Units and Portfolio for
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      28 32 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 @[&/*')|]-%.<+(|~,_.>+),/).$:'[
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      Lock icon Page 32 Advertisements Column 3
      22 32 He breaks new ground by moving from aircraft maintenance to offshore marine offshore, marine To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      16 32 wvwv.omy.sg WE ARE PRIZES HEAVEN Get lucky with our mega celebratory GIVEAWAYS n mi 0:tt0 0S£E
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      202 33 REAL ESTATE APPRAISAL in JAPAN Support for Invest Real Estate in Japan through Consultation and Solutions Based on Appraisal Leading Company of Appraisal Service in JAPAN since 1967 J-REIT Companies, Private Real Estate Funds, Banks, Insurance Companies, Real Estate Companies as the actual results. Providing Comprehensive Service for Real Estate-Related
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      538 33 BUILDING Wealth via a structured GLOBAL PROPERTY PORTFOLIO We specialize in High Profile Clients who Desire Low Profile Real Estate Transactions Our team of Specialists identifies property investment opportunities from around the world by cultivating and maintaining strategic alliances with local and overseas partners to provide our clients with solid
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      393 34 ROYAL WHARF LONDON I ■ZZifn X r sap- ~ZT4 T> :JM "iiuvjir-; .JSIWtf. f 4 T »n HBHI PHASE 1 SOLD OUT ■i** J5Vv' > tsjLJ l-r!i > Phase 2 Launch jr& i«l-* Fn 3 Sun 5 Oct 2014 11am 7pm Windows East Room, Level 20 Four Seasons Hotel 190
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