The Business Times, 17 July 2012

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Microfilm: NL32074
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, July 17, 2012
    25 words
  • Article, Illustration
    Lock icon Mystery buyer seeks big swig of F&N, APB
    756 1  -  OCBC and Great Eastern approached to sell their entire stakes By LYNN KAN [SINGAPORE] A major shareholder change may be brewing at conglomerate Fraser and Neave (F&N) and its unit Asia Pacific Breweries (APB), the maker of Tiger Beer. OCBC Bank and
    FILE PHOTO  -  756 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,998.75 (+3.19) GST INDEX FUTURES 2,996.00 (+3.00) GSIMSCI 345.46 (+1.35) GSIMSCI FUTURES 345.10 (+0.80) us$ s$ US$ (S$ per US$) 1.265 (US$/S$ per 1.555 1.966 EURO (US$/S$/E) 1.223 1.546 Foreign currency per US$ S$ YEN 79.00 62.50 RM 3.174 2.510 HK$ 7.757 6.134 BAHT 31.62 25.01 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.150 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article
    Lock icon Despite June blip, home sales set blistering pace
    900 1  -  Prices expected to remain stable, as 2012 could see sales hit all-time high By KALPANA RASHIWALA [SINGAPORE] The momentum may have slowed in June, but developers have sold many more private homes in the first half of 2012 than they did last
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      249 1 CORPORATE RESULTS M1’s Q2 profit down 17.7% page 4 PRODUCTIVITY MATTERS Keeping tricks of the trade alive PAGE 11 IMF REPORT Risk of hard landing in China PAGE 2 Inc Providing premier service offices I PAGE 9 Turning around Courts Asia I PAGE 9 Embracing business analytics for a better
      249 words
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      9 1 PROPERTY S’pore office world’s 16th most expensive PAGE 28
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  • TOP STORIES
    • Article
      Lock icon IMF flags risk of hard landing in China
      692 2  -  But top priority is still to resolve the crisis in the euro area, it warns By ANTHONY ROWLEY in Tokyo THE global economy enjoyed a brief reprieve in the first quarter of this year as financial conditions eased somewhat and confidence grew
      692 words
    • Article, Illustration
      Lock icon SMRT fined $2m for December breakdowns
      420 2  -  It failed to maintain network in good working order: LTA By SAMUEL EE [SINGAPORE] The Land Transport Authority (LTA) will fine train operator SMRT the maximum $1 million for each of the two service breakdowns on Dec 15 and 17, 2011, with the $2
      FILE PHOTO  -  420 words
    • Article
      Lock icon IHH Healthcare offering heavily subscribed
      448 2  -  Demand is partly due to scarcity of IPOs this year By PAULINE NG in Kuala Lumpur IN a year when attractive initial public offerings (IPOs) have been scarce, many investors are pinning their hopes on IHH Healthcare. Retail investors in Malaysia have set aside RM3
      448 words
    • Article
      Lock icon Clarification
      76 2 IN the Ask Stamford Law column (BT, July 16), the firm’s partner Ng Joo Khin said that the Singapore Companies Act gives shareholders the right to request for a copy of the company’s minutes of its general meetings and board meetings. This was a typographical error on the writer’s
      76 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      521 2 OCBC, Great Eastern get offer for F&N, APB stakes A MAJOR shareholder change may be brewing at Fraser and Neave and subsidiary Asia Pacific Breweries. OCBC Bank and its insurance subsidiary Great Eastern Holdings said last night that they have been approached to sell their entire stakes in
      521 words
    • Article
      Lock icon Temasek to raise US$1.5b in dual tranche bond offer
      367 3  -  Bonds expected to be priced 1.05 percentage points above Treasuries By CONRAD TAN TEMASEK Holdings plans to raise some US$1.5 billion through the sale of 10.5-year and 30-year US dollar bonds backed by the firm. The dual tranche bond offering comprises
      367 words
    • Article, Illustration
      Lock icon Dai-ichi, Korea Life bid for ING’s SEA insurance business
      840 3 Manulife may vie for all Asia business, UOB for asset mgt Reuters [HONG KONG] Japan’s Daiichi Life Insurance Co Ltd and Korea Life were first out of the blocks to submit second-round bids yesterday for ING’s insurance operations in South-east Asia,
      Reuters; REUTERS  -  840 words
    • Article
      Lock icon Retail sales fall for 3rd straight month in June
      636 3 Unexpected 0.5% drop follows 0.2% decrease in May LATEST US DATA Bloomberg [WASHINGTON] Retail sales in the US unexpectedly declined for a third straight month in June, a sign limited employment gains are taking a toll on the biggest part of
      Bloomberg  -  636 words
    • Article
      Lock icon BT Online is again top pick of marketers
      366 3  -  8 other SPH portals named digital media favourites by trade magazine By CARINE LEE [SINGAPORE] The Business Times’ online edition has emerged as the favourite business and finance digital media platform among marketing professionals for the second consecutive year. Senior client marketers
      366 words
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      264 2 (Business Trust Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Unit Transfer Books and Register of Unitholders of K-Green Trust
      264 words
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      41 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. I Beef Up I !Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings CLA/FEBII/g
      41 words
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      206 words
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      270 4 ■•irSllil •i; MiivEiKlItimfiii I IKK hi ■tffc'Wis fire ii (Hill; aniiiiwiuiiiKnninSi^iuiiflSK i iih: •ii n iiai'in in ii; <iir< wvvmii iliKWKlItiDftlRlI m; Kfli •i; I fkli i iih: IriKlI Are you looking liHIWM iiiri Hill HI Ml for these jobs? SffiTiOTfiifi Come on down to STJobs first career fair to
      270 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon M1’s Q2 profit down 17.7%
      545 4  -  But group maintains interim dividend at 6.6 cents a share By JOYCE HOOI M1 has posted a 17.7 per cent fall in second-quarter net profit, from $42.8 million to $35.2 million. For the quarter ended June 30, 2012, operating revenue also fell to $232.3 million,
      FILE PHOTO  -  545 words
    • Article
      Lock icon K-Green Trust’s Q2 profit hit by lower topline
      340 4  -  By MICHELLE TAN K-GREEN Trust’s net profit dipped slightly in the second quarter ended June 30, 2012, to $4.3 million from $4.4 million a year earlier on the back of lower revenue contributions from two out of its three key segments. Construction
      340 words
    • Article
      Lock icon K-Reit Q2 distributable income jumps 90%
      520 4  -  Distributable income at $49.8m, DPU at 1.94 cents By MICHELLE TAN K-REIT Asia’s distributable income for the second quarter ended June 30 this year rose almost 90 per cent year on year to $49.8 million, on the back of higher net property income (NPI)
      520 words
    • Article
      Lock icon Eastern Hldgs’ offer is too cheap: DMG
      564 5  -  Minorities advised to reject chairman’s privatisation bid By KENNETH LIM MINORITY shareholders of Eastern Holdings should reject the chairman’s privatisation bid because the offer is too cheap, said independent financial advisers DMG Partners Securities. “From a financial point of view, we are of
      564 words
    • Article, Illustration
      Lock icon SingTel names enterprisedivision head
      353 5  -  Bill Chang appointed CEO, Group ICT, after extensive hunt By JOYCE HOOI SINGTEL has made Bill Chang the head of its enterprise division, the telco announced yesterday. Mr Chang’s appointment as CEO, Group ICT, came into effect yesterday, and was the result of an extensive global
      FILE PHOTO  -  353 words
    • Article
      Lock icon Noble names additional chief operating officer to back chief
      474 5 William J Cronin will share role with Nicholas Brewer Bloomberg [HONG KONG] Noble Group Ltd, Asia’s biggest commodity supplier, named an additional chief operating officer to strengthen the management team three months after Yusuf Alireza took over as chief executive officer.
      Bloomberg  -  474 words
    • Article
      Lock icon Zagro shareholder to sell 24.7% stake
      370 7  -  Deal is part of settlement to end non-competition agreement By JASMINE NG A SUBSTANTIAL shareholder of farmcare maker Zagro Asia has proposed to sell its 24.7 per cent stake in the company as part of a settlement to remove a non-com-petition agreement between the
      370 words
    • Article
      Lock icon GLG forms Asian equity team
      346 7 Managers include former executives of GIC and LionRock Reuters Bloomberg [HONG KONG] GLG Partners, a unit of the world’s largest publicly traded hedge fund manager, has formed a new team in Asia jointly managed by former Government of Singapore Investment Corp executive David Mercurio and
      Reuters; Bloomberg  -  346 words
    • Article, Illustration
      Lock icon Reliance’s GTI Trust extends Singapore IPO timeline
      563 7 Mixed reception to bookbuilding so far despite high yield Reuters [NEW DELHI] The undersea cable unit of India’s Reliance Communications has extended the bookbuilding period for its up to US$1 billion Singapore business trust IPO, sources said, in a deal that has seen
      Reuters; BLOOMBERG  -  563 words
    • COMPANY BRIEFS
      • Article
        Lock icon SIA passenger load factor up in June
        109 7 Reuters SINGAPORE Airlines filled 69.9 per cent of the available space on its planes in June, higher than the 66.9 per cent in May and the 68.6 per cent a year earlier. The passenger load factor rose to 83 per cent in June
        Reuters  -  109 words
      • Article
        Lock icon SATS reports growth in flights, unit services
        105 7 THE number of flights and unit services handled by SATS increased by 7.2 per cent to 29,690 and 8.5 per cent to 24,640 year-on-year for its first quarter ended June 2012. The company attributed this growth to “an increase in services provided to
        105 words
      • Article
        Lock icon China Titanium names lawyer as new CEO
        34 7 CHINA Titanium has appointed Soh Chun Bin, 38, as chief executive officer. Mr Soh was a partner at Stamford Law Corporation from March 2001 to May 2012.
        34 words
      • Article
        Lock icon Pacnet appoints US telecom chief as CEO
        52 7 PACNET has appointed Carl Grivner as new chief executive officer, effective July 23. He has helmed several communications companies as CEO in the last 12 years, with his most recent stint at US telecoms company XO Communications where he led the takeover of
        52 words
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      182 5 y h >§*, Citigold Your next achievement starts with a conversation. As you work towards fulfilling your dreams and ambitions, there's much to consider. Making the right choices to seize the right opportunities. Getting your ideas realised and wealth goals met. At Citigold, our dedicated team works with you towards
      182 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI edges up in mixed trading
      572 6  -  Investors remain on the sidelines; banks are among the heavyweights propping up the index STOCKS CONRAD TAN Correspondent WORRIES about impact of the eurozone’s troubles and a slowdown in the world’s biggest economies kept investors on the sidelines yesterday. The Straits Times Index (STI)
      Source: Bloomberg  -  572 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 3 0 0 0 6 8 3 Manufacturing 46 64 37 6 5 9 52 69 46 Commerce 20 24 22 6 2 3 26 26 25 Tpt/Stor/Comms 17 13 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,972 12,972 45,014 45,014 Manufacturing 281,691 57,879 339,570 195,718 2,158 197,876 Commerce 301,659 18,717 320,376 89,142 893 90,036 Tpt/Stor/Comms 68,042 14,208 82,250 112,320 3,951 116,272 Finance 28,383 5,885 34,268 123,693 2,451 126,144 Construction 205,394 129
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.605 -0.010 CapitaLand 2.940 -0.010 CapitaMall 1.945 CityDev 11.430 +0.070 ComfortDelGro 1.620 +0.005 DBS Grp 14.280 +0.100 F&N 7.900 +0.110 GLP 2.200 +0.010 Genting SP 1.360 -0.010 Golden Agri 0.725 +0.005 HK Land 5.890 -0.090 JMH 52.080
      109 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Jul 16 VALUE CLOSE BT OB/OS 329.00-133.00 BT CADI -*****.00 -5.00 BT 10-day MA -*****.00 +33.00 FTSE ST Mid Cap 697.99 +2.06 FTSE ST Small Cap 461.57 -0.89 FTSE ST All Share 726.50 +0.89 FTSE ST China Top 205.11 +0.28 FTSE ST China 227.45 -0.45 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME HLH Grp 140,128,000 GSH Corp 119,723,000 Sunmoon 56,661,000 ChinaTaisan 43,518,000 TT Intl 36,568,000 Golden Agri 30,002,000 Noble Grp 29,511,000 Genting SP 26,585,000 IPCO Intl 25,012,000 ChinaFashion 24,862,000 VALUE($) SingTel 61,216,345 F&N 42,811,710 UOB 40,483,191 OCBC Bk 37,135,467 Genting SP 36,383,995 DBS Grp 34,853,070 Noble Grp 32,789,370
      58 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      864 6  -  Compiled by LYNN KAN Oversea-Chinese Banking Corporation July 16 close: $9.18 DMG PARTNERS RESEARCH, July 16 OCBC will release its results on Aug 2, 2012 before trading hours. We are forecasting Q2 2012 net profit of $630 million, down from Q1 2012’s $832 million. We do not expect
      Source: Bloomberg  -  864 words
    • Article, Illustration
      Lock icon Asian units advance on China speculation
      468 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies gained on speculation China’s faltering economy will prompt policy makers to unveil more measures to shore up growth, buoying appetite for riskier assets. Malaysia’s ringgit and South Korea’s won advanced for a second day after Premier Wen Jiabao said
      Bloomberg; BLOOMBERG FILE PHOTO  -  468 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 197.3 1.2 Lyxor EmergingMkts 1 930 142.9 13.8 DBXT MSKorea 10US$ 5191 127.7 2.0 DBXT Nifty 10US$ 9709 99.9 0.8 GLD 10US$ ***** 86.0 0.4 DBXT SPASX200 10US$ 3208 75.9 1.9 DBXT MSTHAI 10US$ 1834 49.3 2.2 DBXT MSJAP 10US$ 3509
      114 words
    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN JMH 5208 -86.0 -1.3 Lyxor AsiaCS 10US$ 5228 -74.6 -1.1 JSH 3182 -67.0 -1.6 DBXT S&P Short 10US$ 3764 -58.2 -1.2 Jardine C&C 4600 -50.0 -1.1 HK Land 589 -11.4 -1.5 DBXT MSTaiwan 10US$ 1594 -8.9 -0.4 IS Asia BND 100US 1038 -8.9 -0.7 Venture
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      190 7 Citigold Your legacy begins with a conversation. As your children embark on their own future, there's much to consider. Providing them with a strong foundation to make their mark in life. Preserving your own financial security. At Citigold, our dedicated team works with you in securing your legacy for them
      190 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon 33 deserving students win SPH scholarships
      662 8  -  Inaugural SPH-MDA Scholarship awarded to develop media professionals By WANG XIN MIN WITH Twitter and Facebook updates increasingly serving as sources of news for Singaporeans, would the job of a journalist eventually be rendered obsolete? Not if newspapers make themselves indispensable to readers who
      LIM SIN THAI/THE STRAITS TIMES  -  662 words
    • Article
      Lock icon Why SMEs need strong branding strategy
      447 8  -  Active management of IP assets will also help capture market By KENNETH FOO SMALL and medium-sized enterprises (SMEs) should strive to grow their brand to weather the tough economic climate, according to experts at a branding seminar yesterday. This, together with a solid intellectual
      447 words
    • Article
      Lock icon Room to grow Indonesian agri exports to S’pore
      278 8  -  By APRIL CHYE THERE is potential for Indonesia to increase its vegetable exports to Singapore, and both countries are looking at how they can do so through an Indonesia-Singapore Agribusiness Working Group. The observation came from National Development Minister Khaw Boon Wan,
      278 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon 7 appointed to minority rights council
        85 8 THE President has appointed seven people to the Presidential Council for Minority Rights with effect from July 15. The new appointments to the Council are AG Steven Chong Horng Siong, Prof Chan Heng Chee, Barry Desker and Philip Jeyaretnam. The other three members JY
        85 words
      • Article
        Lock icon East Village Hotel affected by nearby fire
        102 8 EAST Village Hotel was affected by fumes from a nearby fire that occurred in a separate retail annexe yesterday morning. The fire was brought under control by the Singapore Civil Defence Force within a few hours, and there were no injuries to guests
        102 words
      • Article
        Lock icon Kelleher is dean of Lee Kong Chian School
        109 8 DERMOT Kelleher, the incoming principal of the Faculty of Medicine at Imperial College London, has been appointed dean of the Lee Kong Chian School of Medicine. The school was founded in 2010 on a partnership between Imperial and the Nanyang Technological University
        109 words
    • Article, Illustration
      Lock icon Another batch of young athletes gets scholarships
      432 8  -  By LEE U-WEN FROM ice-skating to wushu and canoeing to football, some 270 promising young athletes pursuing these sports and many others have been given a muchneeded financial boost to help realise their true potential. They made up the second batch to receive
      LIANHE ZAOBAO  -  432 words
  • Page 8 Advertisements
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      17 8 Brand Your Assets Call 1800 289 8822 or -mail notices@sph.com.sg to publicise your Financial Statements ICLA/FEBI 1/g
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  • SME Inc
    • Article, Illustration
      Lock icon Providing premier service offices
      774 9  -  Alan Seigrist, chief financial officer of The Executive Centre, says he would rather make Bentleys than Toyotas. CHOOreports GLENN CHOOreports I F you are looking to expand your business in Singapore or abroad, you may want to give Alan Seigrist a call. Mr Seigrist is the
      ARTHUR LEE  -  774 words
    • Article, Illustration
      Lock icon Turning around Courts Asia
      902 9  -  By KATIE SARGENT AT 43 years old, Terry O’Connor is at the top of the organisational chart at Courts Asia, the Singapore-based electronics and homewares retailer. He started with Courts just short of two decades ago as a buyer, and worked his way up to the
      FILE PHOTO  -  902 words
    • Article, Illustration
      Lock icon Embracing analytics for a better competitive edge
      1104 10  -  Engage SMU profs KAM TIN SEONG Kam Tin Seong is an associate professor of information systems (practice) and faculty head of SMU-SAS Advanced Analytics Lab at the School of Information Systems, Singapore Management University Q: Should SMEs aim to be analytics enterprises rather
      STOCK.XCHNG  -  1,104 words
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      246 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details like how much the company has grown, and what sort of expansion plans it has. Send your e-mail to Felda
      246 words
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      256 10 m For Men A subsidiary of Mary Chia Holdings Ltd Singapore’s first lifestyle wellness service provider to list on SGX-ST Catalist! A BEER SHOULD PACK A PUNCH, NOT A PAUNCH r It p&Qv m I -'v' m TOTAL KG LOST ,18.2 36, Manager Michael Teo. Waistline 4->.o m t $745
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      104 10 HAVE a pressing question about a business-related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and
      104 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Keeping tricks of the trade alive
      1002 11  -  Technology has helped CKE Manufacturing to incorporate the experience of the older generation into its work system, PRECISION ENGINEERING reportsVICTORIA VICTORIA HO SOME of the oil and gas industry’s top secret parts are manufactured right out of CKE Manufacturing’s humble operations in Tagore Industrial
      ARTHUR LEE  -  1,002 words
    • Article, Illustration
      Lock icon Speeding up the process of chip making
      917 11  -  By VICTORIA HO THE global demand for semiconductors continues to surge, with chips being used from consumer gadgets to industrial highprecision equipment. Accordingly, Kulicke Soffa in Singapore has been racing to keep up with the buzzing demand for its products. In May, the
      ARTHUR LEE  -  917 words
    • Article
      Lock icon Where to go
      381 11 Schemes for PE productivity FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT SME Management Action for Results (SMART) Initiative Innovation and Capability Voucher Scheme (ICV) SMEs can get help to develop a capability roadmap to strengthen management systems and processes. Can
      381 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US watchdog to supervise credit reporting firms
      453 12 Move will bring industry under strict federal oversight for the first time Reuters [NEW YORK] The US consumer watchdog agency said yesterday that it will start closely supervising credit reporting companies in September, bringing the industry under strict federal supervision for the first
      Reuters; BLOOMBERG FILE PHOTO  -  453 words
    • Article
      Lock icon Fewer US companies planning to hire
      276 12 Survey shows firms worry about sagging economy Reuters [WASHINGTON] American companies are scaling back plans to hire workers and a rising share of firms feel the European debt crisis is taking a bite out of their sales, according to a survey just realised. Only
      Reuters  -  276 words
    • Article, Illustration
      Lock icon Gillard vows to fight election on economic record
      614 12 Bloomberg [CANBERRA] Australian Prime Minister Julia Gillard, trailing in opinion polls, said she will contest next year’s federal election on her record of economic management. “The next election will be fought on the reality of our record,” Ms Gillard told delegates attending
      Bloomberg; AFP  -  614 words
  • Page 12 Advertisements
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      857 12 THE POWER OF EFFECTIVE BRANDING, SELLING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Tuesday, 24 July,
      857 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Group Lotus submits new plan to creditors
      330 13 Proton-owned car manufacturer tries again to stem its heavy losses [KUALA LUMPUR] Ailing British sportscar maker Group Lotus plc submitted a fresh plan to get its house in order, a local newspaper said yesterday. Quoting bankers familiar with the matter, Malaysia’s Business Times
      BLOOMBERG  -  330 words
    • Article
      Lock icon Condom giant Karex targets IPO in 2013
      362 13 Company wants to double production to 6b pieces yearly [PONTIAN, JOHOR] Karex Industries Sdn Bhd, the world’s biggest condom maker, is looking to float its shares on Bursa Malaysia and tighten its grip on the global market, one of its top executives said.
      362 words
    • Article
      Lock icon Indonesian markets get Moody’s boost
      289 13 Reuters [JAKARTA] Markets in Indonesia rose yesterday as Moody’s Investors Service said the outlook for its sovereign rating remained stable at Baa3, citing strong growth, low government debt and fiscal prudence in the biggest economy in South-east Asia. Indonesia’s rupiah strengthened 0.35 per cent to
      Reuters  -  289 words
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      212 13 Grandstand OUT OF TOWN, IN TO LIFE a Retail services s Po rts 6^ X rtnart F itn <' c HVP e es s Kids' Activities Food Beverage automobile rV j tff. -A 6* fir A tlfi A ANEW BEGINNING AT THE GRANDSTAND For leasing enquiries, please call us at
      212 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Talk of China easing measures in the offing
      593 14 These could be announced after a State Council meeting this week Bloomberg [BEIJING] China’s Premier Wen Jiabao is fuelling speculation that extra economic support measures may be announced after a Cabinet meeting this week, after he warned on Sunday that the nation’s
      Bloomberg; BLOOMBERG  -  593 words
    • Article
      Lock icon Beijing eases rules on dividend withholding tax
      350 14 Reuters [BEIJING] China is relaxing its dividend witholding tax rules for foreign firms operating in the mainland, a move that could save companies billions of dollars and make the country a more attractive business location, a tax specialist said yesterday. Beijing is loosening
      Reuters  -  350 words
    • Article
      Lock icon India inflation rate in June slows to 7.25%
      469 14 Delhi unlikely to join monetary stimulus initiative Bloomberg [NEW DELHI] India’s inflation unexpectedly eased in June while exceeding 7 per cent for a fifth straight month, indicating price pressures may limit room to join a monetary stimulus drive stretching from China to
      Bloomberg  -  469 words
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      25 14 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATS NOTICES
      25 words
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      428 14 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF CSA VENTURE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5843W NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 54 TRAS STREET, #03-02
      428 words
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      Lock icon Page 14 Advertisements Column 3
      428 14 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF ASIMONT DEVELOPMENT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9878D NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 54 TRAS STREET, #03-02
      428 words
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      511 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YTC CITY NETWORKS PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****5324Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.50 that the Final Meeting of the
      511 words
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      Lock icon Page 14 Advertisements Column 5
      439 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JINGU II PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****1314R NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the abovenamed Company will
      439 words
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      226 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JINGU VI PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****1326K NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the abovenamed Company will
      226 words
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  • WORLD
    • Article
      Lock icon Citigroup makes US$2.9b from April through June
      466 15 Figure exceeds Wall Street estimates; net income is down 12% from a year ago AP [NEW YORK] Citigroup made US$2.9 billion from April through June and exceeded Wall Street estimates, helped by lowering the amount it keeps aside for loan losses because more
      AP  -  466 words
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      Lock icon Protests becoming the norm for fed-up Spaniards
      599 15 AFP [MADRID] Spaniards are increasingly taking their grievances to the streets as Spain struggles with wage and budget cuts as part of sweeping austerity measures. Thousands came out into the streets of central Madrid on Sunday, just 48 hours after their last protest,
      AFP; AP  -  599 words
    • Article
      Lock icon China bank card monopoly breaks WTO rules
      398 15 Bloomberg Reuters [GENEVA] World Trade Organization (WTO) judges partially sided yesterday with the United States in its complaint against Chinese curbs on companies such as Visa and MasterCard that process credit-card payments. The US had protested to the WTO about the limits on
      Bloomberg; Reuters  -  398 words
    • Article, Illustration
      Lock icon GSK buys Human Genome for US$3b
      462 15 GlaxoSmithKline raises its bid to US$14.25 a share ACQUISITIONS Reuters [LONDON] GlaxoSmithKline is to acquire its longtime partner Human Genome Sciences for US$3 billion, ending a three-month hostile pursuit of the US biotech company on friendly terms after sweetening its offer. The purchase price
      Reuters; AP  -  462 words
    • Article
      Lock icon Par Pharmaceutical to be bought by TPG Capital
      326 15 Bloomberg [NEW YORK] Par Pharmaceutical, a maker of generic drugs, agreed to be acquired for US$1.9 billion by TPG Capital as the private equity firm looks to gain from efforts to curtail healthcare costs. Par stockholders will receive US$50 a share in
      Bloomberg  -  326 words
    • Article
      Lock icon Thermo Fisher to purchase One Lambda for US$925m
      474 15 Bloomberg [NEW YORK] Thermo Fisher Scientific, the world’s second-largest maker of health-care equipment, has agreed to acquire closely held One Lambda for about US$925 million to expand in speciality diagnostics. The cash deal will add 9 cents to 11 cents a share
      Bloomberg  -  474 words
    • Article, Illustration
      Lock icon Confidence in financial system being eroded
      1427 16 Scandals from Libor to JPMorgan scare investors who see unfair playing field ANALYSIS Reuters [NEW YORK] It wasn’t supposed to be like this. After the worst financial crisis since the Great Depression almost took the global economy over a cliff, tough new regulations and
      Reuters; AFP  -  1,427 words
    • Article
      Lock icon NBC buys Microsoft’s stake in news portal MSNBC.com
      811 16 AP [NEW YORK] On Sunday night, MSNBC.com did something that successful websites almost never do: It renamed itself. The site became NBCNews.com, signifying the end of a relationship between NBC and Microsoft that dates back to the earliest days of the commercial
      AP  -  811 words
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      Lock icon Merkel remains firm on stricter central control
      886 16 Bloomberg [BERLIN] Chancellor Angela Merkel gave no ground on Germany’s demands for more central control over euro member states in return for joint burden-shar-ing as the region struggles to contain the debt crisis. The German leader said on Sunday that she hadn’t softened
      Bloomberg; AP  -  886 words
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      Lock icon Investors find an edge polling analyst opinions
      1927 17  -  Brokers appear to be giving top hedge funds an early peek at changes in research analysts’ views By GRETCHEN MORGENSON NYT [NEW YORK] They are supposed to be among Wall Street’s most closely guarded secrets: changes in research analysts’ views, up or down,
      NYT; AP  -  1,927 words
    • Article
      Lock icon JPMorgan’s flak over mismarking of trades baffles
      1020 18 Internal control group double-checks marking of trades daily, ex-execs say Bloomberg [NEW YORK] JPMorgan Chase Co’s assertion that traders at its London chief investment office may have intentionally mismarked trades, masking losses that total at least US$5.8 billion, makes little sense, according to
      Bloomberg  -  1,020 words
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      Lock icon Miserable, wet weather frustrates Britons
      187 18 AP [LONDON] Just. Stop. Raining. That was the unusual plea published in an editorial in The Times of London on Saturday, a measure of Britons’ growing frustration with months of miserable weather. The UK is labouring under some of the wettest conditions in recent history.
      AP; AFP  -  187 words
    • Article, Illustration
      Lock icon Buffett cedes more funds to his deputies
      741 18 He entrusts the duo with US$8b as he prepares to retire Bloomberg [NEW YORK] Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc, is entrusting more of his company’s investments to deputy stock pickers as he prepares the firm
      Bloomberg; AP  -  741 words
    • Article
      Lock icon HSBC faces US Senate flak over Mexico, Iran lapses
      815 18 In Mexico, the bank failed to enforce adequate money-laundering curbs Bloomberg [WASHINGTON] HSBC Holdings plc’s failure to implement adequate money-laundering controls in Mexico is among lapses that US Senate investigators will criticise today, according to two people briefed on the matter.
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  • Page 17 Advertisements
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      431 17 Win round-the-world travel tickets for 2 Simply access our global trading tools to trade in foreign markets, futures, forex or take up multicurrency share financing and start accumulating your lucky draw chances* With OCBC Securities, you can trade globally with confidence. Contact your Trading Representative, call our hotline at 1800
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  • Page 18 Advertisements
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      27 18 I N Lianhe Zaobao I Shrinking orders and wage hike hit Hong Kong factories at Pearl River Delta «sir$$38*H To subscribe, call 6388-3838 or go to sphsubscrlption.com.sg
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  • SHIPPING/AVIATION
    • Article
      Lock icon PSA turning to guided vehicles to ferry boxes
      401 19  -  Prime movers that operate within its S’pore terminals will be phased out By LYNN KAN PSA Singapore is taking automation to a new frontier here moving containers within the ports. The company said yesterday that it would develop automated guided vehicles (AGVs)
      401 words
    • Article
      Lock icon US planemakers team up with China firms
      819 19 AP [WICHITA, Kansas] Walter Beech was one of America’s greatest aviation pioneers, a former World War I flyer who spent three years after the war touring the country as a barnstorming exhibition pilot. That experience spawned ideas for aircraft design, inspiration that came
      AP  -  819 words
    • Article
      Lock icon Airbus sees huge market for aircraft in China
      360 19 Xinhua [LONDON] China is sure to become the single largest market for aircraft in the world, said John Leahy, chief operating officer customers at Airbus, at the Farnborough International Airshow which closed in south-west of London on Sunday. In an exclusive broad-ranging
      Xinhua  -  360 words
    • Article, Illustration
      Lock icon Air India selling bonds to refinance debt
      590 19 It offers 74b rupees in 19-year notes as it modernises fleet Bloomberg [MUMBAI] Air India Ltd, the state carrier that got a government bailout to avoid bankruptcy this year, is planning its biggest bond sale to refinance costlier debt as it prepares to
      Bloomberg; AFP  -  590 words
    • Article
      Lock icon Abu Dhabi starts to bypass Hormuz with pipeline link
      467 19 Bloomberg [DUBAI] Abu Dhabi started exporting its first crude from a pipeline that bypasses the Strait of Hormuz, shipping the fuel to a refinery in Pakistan. The pipeline, stretching from Abu Dhabi to the neighbouring sheikhdom of Fujairah on the Gulf
      Bloomberg  -  467 words
    • Article
      Lock icon TRANSPORT STOCKS
      252 19 SGX '000 Jul 16 S$ +/-Vol CH Offshore 0.41 -0.01 329 Chuan Hup Hldg 0.23 0.01 100 Cosco Corp 1.00 -0.01 3130 Ezra Hldgs 1.03 -0.03 9375 First Ship Lea 0.17 unch 357 Freight Links 0.07 unch 1763 Grand Banks unch unch 0 Jaya Hold Ltd 0.57 -0.01
      252 words
    • Article
      Lock icon The Business Times Shipping Times
      1957 22 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      374 19 CRYPTIC CROSSWORD Across 1 Boring loveless marriage coming pointedly to an end (10) 6 Opening taking the edge off occasion (4) 9 Not entirely Draconian cut (5) 10 A mean rib I cooked in this French contraption (4-5) 12 Nurse’s nouveau riche second husband (7) 13 Fifty at church? There
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  • EDITORIAL & OPINION
    • Article
      Lock icon Election clouds over Malaysia’s economy
      463 20 EDITORIAL THE slow lead-up to Malaysia’s 13th General Election, which must be held by April next year, has added to the uncertainties facing the country with politicians delaying decisions, and businessmen and investors delaying plans. The lacklustre global economy offers a sobering backdrop. The eurozone
      463 words
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      Lock icon Let’s get real: it’s all about the rich versus the rest
      842 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT A LOT of people inside the Beltway are tut-tutting about the
      NYT  -  842 words
    • Article, Illustration
      Lock icon Wooing MNCs to set up holding firms in S’pore
      937 20  -  HK-Jakarta double taxation treaty shows many cities are narrowing gap with the Republic By LIM HWEE SENG The writer is Tax Partner, PwC Services LLP OTH Singapore and Hong Kong have long been seen as two of the better locations in
      AFP  -  937 words
    • Article, Illustration
      Lock icon Technology isn’t always good
      1409 21  -  While technological progress is driving productivity, it also leaves many types of workers behind LEON HADAR Washington Correspondent SO THIS is the way that many members of the middle class feel these days: We have been flooded with new forms of technology in recent years, ranging
      REUTERS  -  1,409 words
    • Article, Illustration
      Lock icon Harnessing technology for a better future
      935 21  -  By CHANDRAN NAIR The writer is the founder and CEO of the Global Institute For Tomorrow, a pan-Asian think tank, and author of “Consumptionomics: Asia’s Role in Reshaping Capitalism and Saving the Planet” IHT AT THE end of June, Brazil’s statecontrolled oil company, Petrobras,
      IHT; BLOOMBERG  -  935 words
    • Article
      Lock icon Hotel GC still in the black operationally
      107 21  -  LETTER TO THE EDITOR Tan Hwa Lian Executive director Hotel Grand Central WE refer to the report “Hotel Grand Central awards $101m contract to rebuild hotel” (BT, July 14-15). The last sentence of the report reads: “The group expects to report a loss
      107 words
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  • Page 21 Advertisements
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2783 23 Transaction date: Jul 16 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 130.5 92.5 AIMSAMPIReit 130.5 +2 650 130.5 128.5 130 130.5 6.4 12.5
      2,783 words
    • Article
      Lock icon SGX CATALIST
      171 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C'vr
      171 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8107 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM local Ccy Bond .0 9464/ European Opportunities .0
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      Lock icon GLOBALQUOTE
      193 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US31.5 -0.5 2196 32 31.5 31.5 32 2074.1 Last 220 168 TanChongInt HK208 -1 6 208 208 205 209 4.3 3.4
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    • Article
      Lock icon SGX ETF
      960 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 120.6 -2.4 25 122 120.1 120 120.7 550.5 122.4 122.2 CIMB APAC Div 100S$D 122.2 127.2 128.1 103 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      617 25 Jul 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8701.35 8759.06 8695.44 Sep12 8690.00 8820.00 8670.00 8760.00 ***** *****2 Dec12 8635.00 86 9028 MSCI TAIWAN INDEX FUTURES SPOT 251.55 252.49 250.08 Jul12 249.20 251.60 247.60 248.80 ***** *****1 Aug12 246.10 248.10 245.90 247.00 290
      617 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 13 Index Change Change Change Change Change Change World Preliminary 868.0 1.1 4.6 0.8 1.0 1.3 3.5 EAFE Preliminary 696.0 0.7 2.0 0.7 -3.1 1.3 -0.7 Europe Preliminary 1044.6 1.2 1.8
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      149 25 As on 13 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1595.40 1569.00 1592.20 863 INDIA GOLD (E-GOLD) FUT AUG2012 532.95 524.65 529.75 1164 GOLD FUT OCT2012 1595.60 1578.80 1594.60 24 CURRENCY EUR-USD FUT SEP2012 1.2266 1.2173 1.2247 1754
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    • Article
      Lock icon CHICAGO BOT
      107 25 Jul 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1642.00 1625.75 1650.00 1630.00 Aug 12 1594.75 1572.50 1600.00 1571.50 Sep 12 1569.50 1545.50 1574.00 1544.50 Nov 12 1552.50 1529.00 1561.50 1526.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 53.57
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jul 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.51 2.69 WTI (Near Mth) 87.20 1.31 Dubai (1-Mth F) 98.31 2.13 Tapis blend 104.52 2.63 Minas 105.12 2.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.56 1.62 Jet Kerosene 115.92 1.41 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jul 16 S$ Bid Offer 1-month 1.2644 1.2647 2-months 1.2642 1.2646 3-months 1.2639 1.2643 6-months 1.2627 1.2631 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 25 Jul 13 Jul 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1877.50 1849.50 3 months 1910.00 1882.00 Copper, Grade A(US$/tonne) Cash 7709.00 7573.50 3 months 7700.00 7555.00 Lead(US$/tonne) Cash 1870.75 1845.50 3 months 1880.00 1856.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3
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    • Article
      Lock icon LIFFE
      80 25 Jul 13 COCOA (£/tonne) Close Prev High/Low Jul 12 1540 1540 1571/1539 Sep 12 1529 1520 1547/1515 Dec 12 1526 1515 1543/1510 Mar 13 1512 1503 1529/1495 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2062 2012 2024/2024 Sep 12 2063 2013 2064/2023 Nov 12 2068 2023 2068/2030 Jan 13 2052
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1131 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 384 7.75 22 Cooo) Conv Baker Technology Ltd W*****6 0.8 1 32 8 38.13 4 Exer Best World Intl Ltd W*****5 0.6 1 30 85
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Jul 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.523 0.836 7.932 56.317 97.009 0.808 11.728 3.246 1.285 96.692 42.818 1.293 8.443 1.005 30.685 32.336 0.658 1.023 Canada 0.964 6.288
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    • Article
      Lock icon SIBOR
      60 25 Jul 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      134 25 Jul 16 GOLD(US$/oz) Jul 16 Jul 13 Hong Kong 1593.90 1586.50 Jul 13 Jul 13 Jul 12 London 1591.46 1560.40 1592.23 1561.15 Source: Thomson Reuters CAST BAR Jul 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 155 64 5gm 440 322 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Jul 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18-Oct-12 0.25 6-Month BS*****F 10-Jan-13 0.26 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.13 5-Year N*****0Z 2.375 01-Apr-17 109.32
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    • Article
      Lock icon PALM OIL
      57 25 Jul 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 3093.0 3059.0 3139.0 3093.0 612 7638 Sep 12 3104.0 3065.0 3152.0 3102.0 5986 ***** Oct 12 3114.0 3071.0 3161.0 3109.0 ***** ***** Nov 12 3115 3070
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Jul 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2927 1.2937 1.0224 1.0229 Canadian dollar 1.2461 1.2471 0.9861 0.9855 Euro 1.5461 1.5467 1.2228 1.2230 NZ dollar 1.0061 1.0070 0.7957 0.7962 Sterling pound 1.9659 1.9665 1.5548 1.5549
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    • Article
      Lock icon INTERBANK RATES
      154 25 Jul 16 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jul 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.262 Can dollar 1.276 1.216 Euro 1.584 1.509 Sterling pound 2.007 1.930 NZ dollar 1.037 0.988 US dollar 1.284 1.235 Local dollars to 100 units of foreign
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  • PROPERTY
    • Article
      Lock icon Madrid region to sell 100 office buildings over 3 years
      801 26 Bloomberg [MADRID] Madrid’s regional government plans to sell 100 office buildings in the centre of the Spanish capital over three years to cut its deficit and pay for services as the country makes its deepest budget cuts on record. “We’re
      Bloomberg  -  801 words
    • Article, Illustration
      Lock icon Prices for London homes drop 3.6%
      483 26 July dip to an average £460,304 a record due to increase in supply Bloomberg [LONDON] London home sellers cut prices by a record for the month of July as an increase in supply added to pressure on the property market during the traditional summer
      Bloomberg; BLOOMBERG  -  483 words
    • Article, Illustration
      Lock icon Kwoks promote sons as stand-in directors of firm
      814 27 Both sons have Ivy League qualification and have worked at Morgan Stanley Reuters [HONG KONG] Sun Hung Kai Properties tapped two family members as the long-awaited “Plan B” for the company’s top management after Hong Kong’s anti-corruption agency on Friday charged its
      Reuters; REUTERS  -  814 words
    • Article
      Lock icon Lend Lease to sell Sing$ bonds with yield of about 4.75%
      257 27 Bloomberg [SINGAPORE] Lend Lease Group is seeking to sell Sin-gapore-dollar denominated bonds, in what would be the second such offering by an Australian non-bank borrower, according to a person familiar with the matter. Australia’s largest property developer is considering
      Bloomberg  -  257 words
    • Article
      Lock icon Accor buys S America hotels for US$275m
      202 27 Bloomberg [LONDON] Accor SA has agreed to buy 15 hotels in Brazil and other South American countries from Mexico City-based Grupo Posadas for US$275 million. The purchase also includes 14 hotels that are not yet open and will be run by Accor under
      Bloomberg  -  202 words
    • Article
      Lock icon Orion buys prime riverside office building
      246 27 Bloomberg [LONDON] Orion Capital Managers LLP bought a former headquarters of the Daily Mail newspaper on the bank of the River Thames near the City of London financial district for an undisclosed price. Orion and its development partner, Quadrant Estates, will refurbish the existing
      Bloomberg  -  246 words
    • Article, Illustration
      Lock icon Three freehold residential sites up for collective sale
      681 28  -  By JASMINE NG [SINGAPORE] A slew of collective sales has hit the market in the form of one freehold residential site in Upper Serangoon, Chancery Garden and Kismis Lodge. The first of the two adjoining sites at Upper Serangoon is a 20,228-sq-ft
      681 words
    • Article, Illustration
      Lock icon S’pore office – world’s 16th most expensive
      681 28  - S’pore office world’s 16th most expensive Occupany costs here more competitive than in HK, Tokyo, Puxi, Beijing: CBRE By FELDA CHAY [SINGAPORE] The Singapore office market is the 16th most expensive in the world placing it in a more competitive spot compared with other Asia-Pacific financial centres like Hong Kong,
      681 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      268 26 CHANCERY GARDEN CHANCERY HILL Qmngcice Dll FREEHOLD REDEVELOPMENT SITE Land Area: Approx. 2,737.7sqm 29,468 sq. ft. Zoning: 2-Storey Mixed Landed Located at one of the highest point in Chancery Hill Within 1 km to ACS CHIJ (Toa Payoh) Close proximity to Orchard Shopping Belt Novena Fringe Centre Well connected to
      268 words
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      Lock icon Page 26 Advertisements Column 2
      378 26 FOR SALE BY TENDER CITY FRINGE FREEHOLD LANDED FACTORY KALLANG RIVER Land Size 3,243.5 sqm (34,912.7 sqft approx) MP 2008 Industrial Business 1 Use with GPR of 2.5 Ideal to Redevelop as Corporate HQ or High Tech Light Industrial Building Prominent Location With Two SidesAdjoined to Roads Approximate 470m and
      378 words
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      Lock icon Page 26 Advertisements Column 3
      64 26 Charming bungalow at Faber Hills 2-storey bungalow with swimming pool lush greenery Corner rectangular elevated site with 2 frontages Land area 11,719 sq ft, freehold Possible for a pair of detached houses Near Clementi MRT station/bus interchange, The Clementi Mall, NUS good schools Expression of Interest Closing: 20th July (Friday),
      64 words
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      Lock icon Page 26 Advertisements Column 4
      159 26 Hfor lease Raffles Place Office Space Asking $7.00psf.pm. (negotiable) Next to Raffles MRT station Grade A Office Fitted and Fully Furnished 2,508 sq ft High Floor Move-in condition Viewing by appointment only Arthur Lee BS 9070 2213 (CEA Reg. No.: R*****7J) DTZ Debenham Tie Leung (SEA) Pte Ltd Estate Agent
      159 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      212 27 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? m® CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net
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      214 27 ASIA GARDENS D2 FREEHOLD REDEVELOPMENT SITE TENDER CLOSING: 31 July 2012 (Tue), 3pm 10 MINS TO ECP GTE ORCHARD ORCHARD RD Marina RD HAVELOCK RD Manna Bay Sands Chinatown 10 MINS TO The SGH Outram Park CBD Tanjong Pagar Future 5 Subject cb Site Marina South Former Tanjong Pagar KTM
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      209 27 Jones Lang Vjj IJJ LaSalle Real value in a changing world FOR SALE BY EXPRESSION OF INTEREST NOL Building, 456 Alexandra Road Refurbishment I Redevelopment Opportunity EOI Closing Date: 3 August 2012 3pm Ganterb ury Rd Hyderabad Rd Alexandra Techno Park A Alexandra UOB Tower Alexandra Point Hewlett Packard i
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