The Business Times, 14 August 2012

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Microfilm: NL32202
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, August 14, 2012
    25 words
  • Article
    Lock icon Big stick awaits errant bosses of foreign workers
    634 1  -  By LEE U-WEN [SINGAPORE] Sweeping changes are in the pipeline to punish employers of foreign labour here more severely if they flout the rules. Bigger fines, longer jail sentences and even caning in one instance are what errant bosses stand to face
    634 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.566 1.952 EURO (US$/S$/€) 1.228 1.530 Foreign currency per US$ S$ YEN 78.20 62.80 RM 3.122 2.505 HK$ 7.757 6.224 BAHT 31.44 25.23 RUPIAH 9,488 7,612 RENMINBI 6.360 5.103 INDIAN RUPEE 55.45 44.49 A$ 0.949 0.761 NZ$ 1.234 0.990 GST
      65 words
    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP 1,646.32 +0.96 NIKKEI 225 8,885.15 -6.29 HANG SENG 20,081.36 -54.76 SET INDEX Closed JAKARTA COMP 4,102.53 -39.03 MANILA COMP 5,271.78 +8.43 SEOUL COMP 1,932.44 -13.96 SHENZHEN B 561.13 -11.23 MUMBAI IND 17,633.45 +75.71 12noon EDT Change DOW 13,130.72 -77.23 NASDAQ 3,006.81 -14.05
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.201 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon With tweaks and snips, NOL chief steadies ship
    1012 1  -  Ng Yat Chung slashing costs and reorganising business to achieve a turnaround By LYNN KAN [SINGAPORE] In ten short months since becoming CEO of shipping giant Neptune Orient Lines (NOL), ex-defence chief Ng Yat Chung has pruned US$225 million in expenses, let
    YEN MENG JIIN  -  1,012 words
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      226 1 PRODUCTIVITY MATTERS: ELECTRONICS It’s like a sci-fi world at GlobalFoundries PAGE 11 SME Inc Nuts about keeping it in the family PAGE 10 OLYMPICS 2012 Britain takes a final, triumphant bow PAGE 4 *****1 *****4 A 111 T IV .v. A m TUDOR CLAIR DE ROSE Self-winding mechanical movement, mother-of-pearl
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      10 1 DEAL-HUNGRY BAER Julius Baer to buy Merrill unit page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Julius Baer, UBS under probe: German daily
      382 2 Swiss leader stands by banks, says there’s no evidence AFP Bloomberg [BERLIN] Accusations that Swiss banks are helping German citizens dodge taxes are growing even as Switzerland’s President Eveline Widmer-Schlumpf dismissed the charges. German daily Frankfurter Allgemeine Zeitung (FAZ) reported that tax authorities
      AFP; Bloomberg  -  382 words
    • Article, Illustration
      Lock icon Julius Baer bets on Asia, buys Merrill’s non-US private bank
      707 2  -  CHF1.5b deal will result in shift towards clients in growth markets By SIOW LI SEN [SINGAPORE] Julius Baer is betting big on Asia, as it said yesterday that it will acquire Bank of America Merrill Lynch’s private bank outside the
      REUTERS  -  707 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      650 2 With snips and tweaks, NOL’s chief steadies ship IN ten short months since becoming CEO of Neptune Orient Lines, ex-defence chief Ng Yat Chung has pruned US$225 million in expenses, let go of hundreds at NOL’s liner business APL, and tabled the sale of the NOL headquarters at
      650 words
    • Article
      Lock icon Government departments still overpaying for projects: report
      632 4  -  Inappropriate use of term contracts leads to vendors’ gross overcharging By CHUANG PECK MING [SINGAPORE] Government departments continued to be grossly overcharged for projects last year, mainly because of the inappropriate use of term contracts. Among the victims was the Singapore Prison Service
      632 words
    • Article, Illustration
      Lock icon A victory for the world’s women, a victory for Britain
      840 4 [LONDON] With a gaudy three-hour farewell that mashed up theatre, acrobatics, fashion and a few generations of musical idols, London extinguished the Olympic torch on Sunday night, capping two weeks of athletic achievements with a jukebox collection of songs and
      PHOTOS: AP, REUTERS, AFP  -  840 words
    • Article
      Lock icon Govt to tighten its procurement processes
      535 4  -  Tharman: aim is partly to cut risks of wrongdoing By MALMINDERJIT SINGH [SINGAPORE] The government will tighten its procurement processes, including approval procedures, and extend the minimum opening period for suppliers to submit quotations. This is part of the measures by the Ministry of
      535 words
    • Article
      Lock icon 50-year mortgage won’t affect public housing much: MND
      461 4  -  By SIOW LI SEN [SINGAPORE] The government said yesterday that a novel 50-year mortgage is unlikely to be popular and will not have significant impact on the public housing market. The 50-year housing loans will cost the borrowers more, besides imposing a
      461 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      390 2 Celebrate the Nation’s 47th Birthday! Ls in the Office m KA39WR Specifications Capacity: 39 bottles Temperature Range: 7 18°C 3-layered anti-UV tinted glass door Auto-defrost function Charcoal odour filter, humidity box LED display in Centigrade or Fahrenheit 4 sliding wooden shelves Stainless steel handle door frame Black interior with soft
      390 words
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      13 2 Head to CATS FASTADS in The New Paper for beauty haircare services! WATS
      13 words
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      187 3 We are proud of our leaders and their contributions to the nation A r i k k I Peter Seah The Distinguished Service Order All of us at DBS salute our Group Chairman, Peter Seah, and Board Member, Euleen Goh, on being conferred distinguished 2012 National Day Awards. Their determination
      187 words
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  • Page 5 Advertisements
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      185 5 http://electronicasia.com EKTDC mmmism Messe Munchen International V w m ,'Wr f: r rW v -r 0>CSB5HQi3* //B53BTBB5 B5555B L iH3 MlBBBBBBBBB L\S555a53a 3 b 8555 ***** B5555 >*> ar y> “!f‘ V? ,1 »U* 4 IS»J ••:v\ Approved Event Act Now for FREE Admission! LAR electronicAsia 2012 International Trade Fair
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      215 5 m III Mm -1 T s In Im ii pS** oivg £0* Gp^ World s Finest Serviced Offices Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ComfortDG Q2 profit rises 8.5%
      515 5  -  Contributions from overseas ops make up about 40% of the group’s top line By NISHA RAMCHANDANI TRANSPORT group ComfortDelGro Corporation posted a net profit of $65 million for the second quarter ended June 30, up 8.5 per cent from the previous corresponding period’s $59.9 million.
      BLOOMBERG FILE PHOTO  -  515 words
    • Article
      Lock icon Thai Beverage tightens hold on F&N
      429 5  -  It raises deemed stake in F&N to 26.2% from 24.1% By FELDA CHAY THE guessing game may start again as Thai tycoon Charoen Sirivadhanabhakdi further tightened his grip on Fraser and Neave Ltd (F&N), inching closer to the takeover trigger point. F&N said yesterday
      429 words
    • Article
      Lock icon Noble Q2 profit soars, beating expectations
      478 5  -  By ANDREA SOH DEFYING the expectations of many, Noble Group’s sec-ond-quarter net profit rose 39 per cent to US$194.8 million, supported by better-than-expected performance in its energy division which offset the decline in revenue from its agriculture division. Overall revenue for the quarter ended
      478 words
    • Article, Illustration
      Lock icon Wheelock chalks up 31 % rise in Q2 net to $48.5m
      490 7  - Wheelock chalks up 31 rise in Q2 net to $48.5m Revenue from Orchard View condo, Scotts Square mall beef up its position By FELDA CHAY DESPITE a barely-moving high end property market, luxury property developer Wheelock Properties managed a 31.2 per cent jump in second-quarter net profit from a year
      FILE PHOTO  -  490 words
    • Article
      Lock icon Seychelles boost for Banyan Tree
      320 7  -  By NISHA RAMCHANDANI BANYAN Tree Holdings registered a net profit of $644,000 for the second quarter ended June 30, 2012, compared with a loss of $7 million in the corresponding quarter last year, as stronger performances in the hotel and property segments of key market
      320 words
    • Article
      Lock icon Metro rides on dividend income, fair-value gain
      327 7  -  Q1 profit soars but group cautious amid volatile conditions By KENNETH LIM METRO Holdings gave a cautious outlook even as dividend income and marked-to-market gains drove up first-quarter net profit. Net income attributable to shareholders in the fiscal first quarter ended June more
      327 words
    • Article
      Lock icon Tat Hong Q1 profit up threefold
      325 7  -  By VEN SREENIVASAN HIGHER demand and better rates enabled crane giant Tat Hong Holdings to treble its first-quarter net earnings to $16.7 million from $5.5 million a year earlier. Revenue for the three months ended June 30, 2012, rose 36 per cent to $215.3
      325 words
    • Article
      Lock icon Boustead Q1 earnings up 43%
      295 8  -  Engineering and technology units make major contributions By VEN SREENIVASAN STRONG performances by its core Engineering Services and Geo-Spatial Technology units enabled listed engineering group Boustead Singapore to lift its first-quarter net profit attributable to shareholders by 43 per cent to $12.19 million, from $8.51
      295 words
    • Article
      Lock icon Q&M Dental may get China fund injection
      479 8  -  By LEE MEI XIAN Q&M Dental Group’s release of second-quarter results yesterday was accompanied by news that its China expansion plans may get a shot in the arm from a Chinese private equity investment firm. The group said its wholly owned Chinese subsidiary,
      479 words
    • COMPANY BRIEFS
      • Article
        Lock icon Global Yellow Pages reduces losses
        58 8 GLOBAL Yellow Pages turned in a net loss of $2 million in its first quarter, slimmer than the $3.4 million in losses it incurred over the same period last year, helped by stronger revenue. Revenue jumped 46.9 per cent to $3.7 million on the back
        58 words
      • Article
        Lock icon Far East Orchard profit plunges
        108 8 FAR East Orchard Ltd, previously known as Orchard Parade Holdings, saw its net profit plummet 49.3 per cent in its second quarter from a year ago to $16.1 million, as a result of a decrease in sales from property development. Revenue too suffered a 52.2
        108 words
      • Article
        Lock icon Resorts prop up Hotel Properties
        50 8 HOTEL Properties saw a 43.9 per cent jump in second quarter net profit from a year ago, to $21.9 million. Revenue rose 3.8 per cent to $120.1 million, which it attributed to higher revenue generated by its hotels and resorts, especially those in the Maldives.
        50 words
      • Article
        Lock icon Aspial scraps bonus, increases dividend
        98 8 ASPIAL Corporation Ltd is scrapping its proposed bonus share issue after amendments to a rule relating to the issue of bonus shares means that it no longer meets the criteria. Instead, it will now increase the interim dividend declared for the first half of 2012
        98 words
      • Article
        Lock icon Cosco (Dalian) wins US$170m deal
        60 8 COSCO Corporation (Singapore) Limited said its unit, Cosco (Dalian) Shipyard Co Ltd, has secured a US$170 million contract from Talland Navigation Limited Corporation, a subsidiary of Foresight Limited (London). The contract is for a jack-up drilling rig based on the LeTourneau Super 116E Class design,
        60 words
      • Article
        Lock icon SGX board accepts Kwa and Kwok
        82 8 SINGAPORE Exchange (SGX) said yesterday that its board has accepted its nominating committee’s recommendation and assessment of making as directors Kwa Chong Seng (ExxonMobil Asia Pacific’s chairman managing director till last year and now NOL chairman) and Kevin Kwok (senior partner of assurance services
        82 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market awaits news from the West
      520 6  -  ST Index rises 10.6 points, propped up by some thinly traded index stocks STOCKS VEN SREENIVASAN Senior Correspondent IT WAS another featureless start to the week as most market participants stayed on the sidelines ahead of key US data and unfolding developments in the
      Source: Bloomberg  -  520 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Aug 13 VALUE CLOSE BT OB/OS 79.00 -65.00 BT CADI -*****.00 -60.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 700.64 -2.81 FTSE ST Small Cap 458.00 -2.01 FTSE ST All Share 739.23 +1.38 FTSE ST China Top 202.44 -0.02 FTSE ST China 223.52 +0.61 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Genting SP 102,119,000 M Devt 56,774,000 Inno-Pac 48,501,000 Golden Agri 48,315,000 Annica 31,049,000 Noble Grp 28,615,000 Yoma 24,847,000 LionGold 23,776,000 Plastoform 20,734,000 Blumont 20,651,000 VALUE($) Genting SP 127,473,248 F&N 73,873,440 SingTel 68,138,700 Asia Pac Brew 48,907,820 Wilmar 43,776,690 CapitaLand 35,022,610 Golden Agri 33,391,530 Noble Grp 32,462,545
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 2 0 0 0 7 8 2 Manufacturing 35 60 50 7 12 9 42 72 59 Commerce 20 30 14 6 2 3 26 32 17 Tpt/Stor/Comms 15 9 16
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      980 6  -  Compiled by KENNETH LIM UOL Group Aug 13 close: S$5.38 OCBC Investment Research, Aug 13 UOL’s Q2 2012 profit after tax and minority interests (Patmi) came in at $171.7 million, down 19 per cent y-o-y mostly due to lower income from property development and higher marketing expenses. Excluding
      980 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,009 12,009 56,486 56,486 Manufacturing 224,535 52,139 276,674 275,120 1,808 276,928 Commerce 144,853 7,070 151,923 82,115 255 82,369 Tpt/Stor/Comms 54,898 10,301 65,199 112,550 3,002 115,552 Finance 61,035 322 61,357 93,261 133 93,395 Construction 46,133 3,825
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.685 -0.005 CapitaLand 2.970 -0.020 CapitaMall 1.975 -0.015 CityDev 11.980 +0.060 ComfortDelGro 1.655 +0.010 DBS Grp 14.880 +0.180 F&N 8.590 +0.020 GLP 2.350 +0.020 Genting SP 1.245 -0.035 Golden Agri 0.700 +0.005 HK Land 6.180 +0.010 JMH 54.000 -0.250 JSH 33.980
      112 words
    • Article, Illustration
      Lock icon Euro rises as traders cover short positions
      449 6 CURRENCIES Reuters [NEW YORK] The euro rose against the US dollar for the first time in four sessions yesterday as investors exited bearish bets against the common currency, but the euro remained vulnerable to selling on rallies and signs of disagreement among the
      Reuters; BLOOMBERG  -  449 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP IS S&P500 ***** 300.3 1.7 GLD 10US$ ***** 145.8 0.7 Jardine C&C 4945 100.0 2.1 DBXT AUD Bonds 5AU$ ***** 80.1 0.3 Lyxor Malaysia 10US$ 939 73.5 6.7 DBXT MSJAP 10US$ 3545 34.9 0.8 DBXT Nifty 10US$ 9844 22.4 0.2 UOB 5.05%NCPS 100 ***** 20.0
      113 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN Asia Pac Brew 5000 -99.0 -1.9 JSH 3398 -86.0 -2.0 DBXT E50 10US$ 3484 -41.1 -0.9 JMH 5400 -31.2 -0.5 DBXT MSINDO 10us$ 1465 -27.4 -1.5 OCBC Bk 4.5%NCPS 100 ***** -23.0 -0.2 DBS Bk 4.7% NCPS 100 ***** -22.0 -0.2 DBXT FTChina25 10US$ 2658
      125 words
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      145 7 ®> TOYOTA 77E1/M ELEGANCE MEETS COMFORT mJt M I i S J f V f I f FRE1///V THE NEW PREVIA. A WHOLE NEW LEVEL OF ELEGANCE AND COMFORT. “I Setting a new benchmark for design and comfort, the new Previa offers you a smooth performance, improved fuel efficiency and
      145 words
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      1437 8 Interim Results 2012 (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present the unaudited consolidated financial results for the first six months and second quarter of 2012, together with those of the corresponding period of 2011. Revenue for the
      1,437 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Multi-screen social TV reaches for the cloud
      536 9  -  NTU scientists’ new tech allows users to stream TV shows onto mobile devices By KENNETH FOO RESEARCHERS here have pioneered the ultimate couch potato killer a technology that allows one to “pull” programmes off a TV screen onto a mobile device and continue
      536 words
    • Article
      Lock icon Singapore is top ‘meeting country’
      361 9  -  It’s also top global ‘meeting city’ for 5th straight year By NISHA RAMCHANDANI FOR the first time, Singapore has emerged the top international meeting country in the Union of International Associations’ (UIA) 2011 Global Rankings, pipping stalwarts such as the United States and Japan as
      361 words
    • Article
      Lock icon Shan Gate offered for en bloc sale
      219 9  -  By By ZEINAB YUSUF SAIWALLA SHAN Gate apartments, a 27-unit residential development located along Shan Road (off Balestier Road), has been offered for en bloc sale. “The sellers are expecting offers in the region of $51.5 million to $53.5 million,” according to marketing
      219 words
    • Article, Illustration
      Lock icon Excellent service a driver at Noris Automation
      712 9  -  Supplier of alarm systems and sensors to vessels wants to emulate Apple’s success By NATALIE TOPACIO PENA, NG TZE KIAN JOEL, SHARON CHEW WEI FANG The writers are students at NUS Business School STEVE Jobs once emphasised the need to be customerfocused. “Our
      ARTHUR LEE  -  712 words
    • Article
      Lock icon Project to add oomph to Singapore River area
      495 9  -  By ZEINAB YUSUF SAIWALLA IN a bid to liven up the precinct along the Singapore River, a not-for-profit entity called Singapore River One (SRO) co-funded by the government and voluntary contributions from stakeholders has been formed. SRO will work with property owners
      495 words
    • Article
      Lock icon HSBC exec sues Yahoo to unmask imposter
      369 9 Bloomberg SANDEEP Sharma, a managing director at HSBC Holdings plc’s private banking arm, has said in a lawsuit that he had been defamed by a Yahoo! Inc user impersonating him and making offensive remarks about Singaporeans. He asked the High Court to order
      Bloomberg  -  369 words
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  • SME Inc
    • Article, Illustration
      Lock icon Nuts about keeping it in the family
      1489 10  -  The third generation is beginning to take on the running of the tasty businesss at Tai Sun, reports VICTOR KATHEYAS reportsVICTOR VICTOR KATHEYAS FRUITS and nuts are considered healthy snacks. And if you’re Tai Sun (Lim Kee) Food Industries Pte Ltd, they’re good
      YEN MENG JIIN  -  1,489 words
    • Article, Illustration
      Lock icon Patently complicated business
      764 10  -  Engage SMU profs DAVID LLEWELYN The writer is deputy dean of the School of Law, Singapore Management University Q. I have been reading about the “smartphone” patent wars between Apple and Samsung, and am now very worried because I recently learnt that someone has a patent covering
      764 words
    • Article, Illustration
      Lock icon Where to go
      148 11 Under A*STAR’s Growing Enterprises with Technology Upgrade (GET-UP) programme for SMEs are the following schemes: 1. Technology for Enterprise Capability Upgrading (T-UP): R&D talent in research institutes can be seconded to companies, who get partial funding for suitable research scientists and engineers’ salaries for up to two
      Source: National Productivity & Continuing Education Council (NPCEC)  -  148 words
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      161 10 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 its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      161 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Staff in spacesuits with bots at beck and call
      736 11  -  It’s like a sci-fi world at GlobalFoundries, reports VICTORIA HO reportsVICTORIA ELECTRONICS VICTORIA HO LIKE a scene out of The Jetsons, the aisles of fab three at GlobalFoundries have friendly autonomous bots roaming around, helping workers carry loads across the halls
      736 words
    • Article, Illustration
      Lock icon Quest to become better, cheaper, faster
      1216 11  -  Infineon capitalises on Singapore for its testing needs By TEH SHI NING here. “The value created in pushing the trolley, that’s not good enough. If you want to just do that, you can do it in Indonesia, or Malaysia, or China,” he says. Two
      YEN MENG JIIN  -  1,216 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Traders see rich Petronas bid being topped
      587 12 C$22 a share is at highest premium for an energy explorer; spoiler said to be Shell, Exxon or BG Bloomberg [NEW YORK] Traders are betting that Petroliam Nasional Bhd’s latest bid for Progress Energy Resources Corp, already at the steepest premium on record
      Bloomberg  -  587 words
    • Article
      Lock icon M’sia loan growth seen staying resilient
      514 12 Corporate demand likely to offset dip from households [PETALING JAYA] Despite slower banking loan growth indicators for June, analysts and industry observers are still sure of a double-digit loan growth this year, a local report said yesterday. Malaysian Rating Corp Bhd (Marc) chief economist
      514 words
    • Article
      Lock icon Indonesian bonds best in region this quarter
      626 12 Bloomberg [SINGAPORE] Indonesian bonds have gone from the worst to the best performers in Asia this quarter as a more stable rupiah lured funds such as HSBC Global Asset Management and Pioneer Investments to Southeast Asia’s highest yields. Local-currency notes have gained 4.1
      Bloomberg  -  626 words
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      841 12 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and
      841 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Bank of America, banks cut China growth forecasts
      646 13 More policy easing curbed by home price rebound and leadership transition Bloomberg [SINGAPORE] Bank of America Corp joined other banks in cutting growth forecasts for China yesterday, and together with speculation that the government won’t loosen monetary policy as property prices rebound,
      Bloomberg; AP  -  646 words
    • Article
      Lock icon Riot-hit Maruti plant may reopen
      523 13 Shares surge on talk of factory resuming work in late August Reuters AFP [NEW DELHI] India’s top carmaker Maruti Suzuki may resume production in late August at a factory closed last month after a deadly riot by workers, a company executive said on Sunday. Shares
      Reuters; AFP  -  523 words
    • Article
      Lock icon ICICI Bank treads cautiously on return to growth path
      552 13 Reuters [MUMBAI] Loans for motorcycles are a thing of the past at India’s ICICI Bank. So are credit cards for anyone other than existing customers. India’s second-biggest bank, whose aggressive growth made it an investor favourite before it was nearly brought
      Reuters  -  552 words
    • Article
      Lock icon HSBC gets HK court to evict protestersfrom its HQ
      272 13 Bloomberg [HONG KONG] HSBC Holdings plc won a Hong Kong court order for the removal of protesters who have spent almost 10 months under its Asian headquarters, one of the longest-running demonstrations sparked by the Occupy Wall Street movement. Protesters must
      Bloomberg  -  272 words
    • Article, Illustration
      Lock icon Idea bets on rural calls as Bharti looks abroad
      500 13 Bloomberg [MUMBAI] Idea Cellular Ltd, India’s second-largest mobile-phone company by value, is targeting rural users to sustain a 25 per cent growth in revenue as larger rival Bharti Airtel Ltd invests in Africa to shore up sales. Most of the expansion
      Bloomberg  -  500 words
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      725 13 5*(7< .<+*(47 *4@3(7,+ @(;()03 H0!bD^\8)\D:; 4:+ $(("&&aAa7G CHINA FASHION HOLDINGS LIMITED 74)(50 4. 0?)-<4-3(7<-: ,070-<@ ;00)(7, (Incorporated in the Republic of Singapore) P:>#D;b^ 6D<D\!# H\‘! Q5AE=FBDOG VD>> ‘!># /DT ])\\!8R 0:)#F L&(,(&F /D;b)9:8! NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Fashion Holdings Limited (the “Company”) will
      725 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japan joins slow-growth bandwagon
      555 14  -  Second-quarter GDP up just 0.3%, half the expected rate; further slowdown seen By ANTHONY ROWLEY in Tokyo JAPAN’S economy grew at only half the expected rate in the second quarter, confirming that the world’s third largest economy has now become caught up in the global slowing
      555 words
    • Article, Illustration
      Lock icon Romney’s VP pick Ryan brings Fed bashing appeal
      786 14 But Republican may need to tone down with markets leery Reuters [WASHINGTON] Paul Ryan, Mitt Romney’s newly minted running mate who is known in Washington as a budget hawk, brings an extra appeal to conservatives as a vocal critic of the Federal
      Reuters; AP  -  786 words
    • Article
      Lock icon Unity in diversity at the FOMC: How they do it
      579 14 That‘s what head of its communications panel would tell you Bloomberg [WASHINGTON] Federal Reserve vice-chairman Janet Yellen may face her biggest challenge yet as head of a panel on communications: showing how 12 Fed officials with clashing views unify behind
      Bloomberg  -  579 words
    • Article
      Lock icon US energy investment boom seen adding to jobs, GDP
      441 14 Bloomberg [NEW YORK] On the eastern bank of the Mississippi River, about an hour upstream from New Orleans, the outline of Nucor Corp’s new US$750 million iron-processing plant is rising between fields of sugar cane and sweet gum trees. Surveying the
      Bloomberg  -  441 words
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      112 14 SHARElNVESTOR.com The Pulse Of Trading Lucky Stand a chance to win attractive cash prizes when you sign up or renew your Sharelnvestor membership plan. More than $6000 worth of cash prizes to be won! 2nd ’rize $1000 4th Prize $200 each X 10 winners Top Prize $2000 3rd ’rize j
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  • WORLD
    • Article
      Lock icon Austrian deal to test EU’s stand on telecoms M&A
      855 15 Regulators looking into Hutchison’s acquisition of Orange Austria Reuters [PARIS] It’s a small acquisition in a small country with big implications for the future of Europe’s telecom sector. Hong Kong’s Hutchison Whampoa, which owns Austria’s third-largest mobile operator, wants to take
      Reuters  -  855 words
    • Article, Illustration
      Lock icon Asian oil buyers help Iran stave off the worst, for now
      900 15 Reuters [BEIJING] Asia’s major crude buyers are finding ways around tough US and EU sanctions to maintain imports from Iran, suggesting that, for now, the worst may be over for the Opec producer that is losing more than US$100
      Reuters; REUTERS  -  900 words
    • Article, Illustration
      Lock icon Investors in Brazil seeking out inflation-proof assets and bonds
      537 15 Reuters [RIO DE JANEIRO] Inflation-proof assets are increasingly favoured among investors in Brazil, suggesting market uneasiness about central bank chief Alexandre Tombini’s ability to keep prices in check while trying to revive Latin America’s largest economy. Demand for inflation-protected bonds is
      Reuters; REUTERS  -  537 words
    • Article
      Lock icon Bond buying still in focus as Merkel returns to euro crisis
      812 15 Bloomberg [BRUSSELS] German Chancellor Angela Merkel returns to the front line of the European debt crisis this week as the bloc’s leaders squabble over measures including bond purchases to relieve concerns that the single currency may fragment. Ms Merkel
      Bloomberg  -  812 words
    • Article
      Lock icon American lawyer takes Libor litigation across the country
      971 16 Brian Murray files suit against banks in over 20 states, including Alaska Reuters [WILMINGTON, Delaware] The Libor scandal, which began in London with bankers accused of manipulating a key global interest rate, has reached the Alaskan wilderness. Or at least that’s the
      Reuters  -  971 words
    • Article
      Lock icon Barclays’ new chief vows full review of operations
      311 16 AP [LONDON] The new chairman of Barclays Bank says he will undertake a top-to-bottom review of the embattled business, telling The Sunday Telegraph he isn’t wedded to any of his predecessor’s policies. Asked if he was committed to the current business plan
      AP  -  311 words
    • Article, Illustration
      Lock icon Lawsky’s scrutiny – from fair games to unfair practices
      601 16 Lawsky’s scrutiny from fair games to unfair practices Bloomberg [NEW YORK] Little more than a year before he was criticised for breaking ranks with regulators for being the first to accuse Standard Chartered of laundering Iranian money, Benjamin Lawsky, New York’s top banking official, was insisting on his own brand
      Bloomberg; BLOOMBERG  -  601 words
    • Article, Illustration
      Lock icon Scam infuses new life into obscure watchdog
      588 16 CFTC now plays central part in many prominent probes NYT [NEW YORK] Months after he arrived in Washington in 2009, Gary Gensler knew he had a big case. Huddled around his assistant’s desk with a colleague, Mr Gensler, Wall Street’s newest regulator, listened
      NYT; REUTERS  -  588 words
    • Article
      Lock icon Iceland’s impressive recovery a lesson for eurozone nations: IMF
      758 16 Strict implementation of IMF programme, capital controls cited by official Bloomberg [REYKJAVIK] Iceland holds some key lessons for nations trying to survive bailouts after the island’s approach to its rescue led to a “surprisingly” strong recovery, the International Monetary Fund’s mission
      Bloomberg  -  758 words
    • Article
      Lock icon Japan’s nuclear power industry loses record US$46b
      676 17 Prospects worsen on plan to separate transmission from generation assets Bloomberg [TOKYO] Japan’s atomic power industry lost a record US$46 billion since the Fukushima tsunami and meltdown last year, wiping out seven years of profit. Then came the bad news. The government is
      Bloomberg  -  676 words
    • Article, Illustration
      Lock icon Exposed:dark side of urban planning in Asia’s key cities
      818 17 AFP [BANGKOK] Deadly floods, power blackouts and traffic gridlock many of Asia’s biggest cities are buckling under the strain of rapid economic development, extreme weather and an exodus from the countryside. Poor strategic planning, paltry investment in infrastructure and a lack
      AFP; AP  -  818 words
    • Article
      Lock icon Motorola Mobility to axe 20% of jobs, close offices worldwide
      570 17 Google moves to reinvent ailing cellphone maker as it expands into hardware NYT [SUNNYVALE, California] Motorola Mobility, the ailing cellphone maker that Google bought in May, told employees on Sunday it would lay off 20 per cent of its workforce
      NYT  -  570 words
    • Article
      Lock icon Facebook plunge poses dilemma for early investors
      663 17 They can pocket tiny gain now or risk bigger losses later Bloomberg [SAN FRANCISCO] Facebook’s stock plunge has robbed Goldman Sachs and Microsoft of much of the potential gain they could unlock as soon as this week, when a ban on sales of
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    • Article, Illustration
      Lock icon China sees tough road ahead to Rio
      426 18 Asian powerhouse says other countries are fast catching up in many sports LONDON OLYMPICS 2012 Reuters [LONDON] China’s sports mandarins had warned before the London Olympics that their athletes would struggle to match the ta-ble-topping gold medal haul they enjoyed in Beijing. They
      Reuters; AP  -  426 words
    • Article
      Lock icon ‘Unlucky’ India grapples for positives
      492 18 Govt and media hail 2 silvers, 4 bronzes collected at London AFP [NEW DELHI] India yesterday tried to look on the bright side after collecting just six medals and no golds at the Olympics, saying that the modest haul was a record and efforts were
      AFP  -  492 words
    • Article
      Lock icon Students flock to Europe but few stay on
      889 18 Region struggles to retain them after graduation as US, Australia beckon IHT [THE HAGUE] Europe, like the rest of the global economy, increasingly needs highly educated workers. As in the rest of the world, student migration is booming in Europe. In 2010,
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      Lock icon San Miguel Q2 net income jumps over 50%
      399 18 Reuters [MANILA] Philippine conglomerate San Miguel Corp posted a more than 50 per cent rise in second-quarter net income, driven by earnings from its energy businesses as demand grew on the back of strong domestic growth, and as new acquisitions contributed. The
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    • Article
      Lock icon Waging war against a tiny foe
      658 18 AFP [MONTPELLIER, France] Behind air-tight doors in a lab in a southern French city, scientists in protective coveralls wage war against a fingernail-sized danger. Lurking in net cages is their foe: the Asian tiger mosquito, capable of spreading dengue fever and other tropical diseases
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    • Article
      Lock icon Bundesbank in final stage to launch Tokyo hub
      170 18 Reuters [TOKYO] Germany’s Bundesbank is in the final stage of talks with Japan to establish a trading hub in Tokyo, as the central bank wants to manage some foreign currency reserves in Asian financial markets, the Nikkei business daily reported on Sunday,
      Reuters  -  170 words
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      204 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PASSION HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0355E NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the abovenamed Company
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Kingfisher shares up the most in over 3 years
      551 19 Counter rises 20% after carrier says that it’s in talks to raise funds Bloomberg [NEW DELHI] Kingfisher Airlines, struggling with losses and a cash shortage, jumped the most in more than three years after the Indian carrier said it is in
      Bloomberg; REUTERS  -  551 words
    • Article
      Lock icon Life-size digital helper to ease airport staff workload
      591 19 NYT [NEW YORK] La Guardia Airport’s newest employee, a young woman named Marie, made quite an impression during her first day on the job. Airport managers smiled as they watched the blue-eyed, six-foot-tall (1.8m) blonde with ap-ple-red cheeks stand in front of
      NYT  -  591 words
    • Article
      Lock icon Hyundai Heavy profits continue going south
      469 19 Bloomberg [SINGAPORE] Hyundai Heavy Industries Co, the world’s largest shipbuilder, reported a fifth straight drop in profit because of lower vessel prices and losses at an oil-refining unit. Net income fell 83 per cent to 134.1 billion won (S$147.5 million) in the three months
      Bloomberg  -  469 words
    • Article
      Lock icon Africa’s savvy pirates greet and demand – on a letterhead
      607 19 Africa’s savvy pirates greet and demand on a letterhead Reuters [BOSTON] Welcome to the Pirate Action Group. Pirate commander Jamal wishes to congratulate you on being hijacked. Kindly speak to his negotiator about your ransom, bearing in mind that his demands are similar for every vessel he seizes. This is
      Reuters  -  607 words
    • Article
      Lock icon Merger decision may be weeks away: AMR chief
      319 19 Reuters [NEW YORK] AMR Corp, the bankrupt parent of American Airlines, is in the middle of reviewing strategic options that include a merger and will likely make a decision with weeks, according to an interview with the company’s chief executive, which was
      Reuters  -  319 words
    • Article
      Lock icon TRANSPORT STOCKS
      254 19 SGX '000 Aug 13 S$ +/-Vol CH Offshore 0.43 0.01 413 Chuan Hup Hldg 0.24 unch 521 Cosco Corp 0.99 unch 1743 S$ Ezra Hldgs 1.00 unch 1923 First Ship Lea 0.15 unch 230 Freight Links 0.07 unch 675 Grand Banks unch unch 0 Jaya Hold Ltd 0.53
      254 words
    • Article
      Lock icon The Business Times Shipping Times
      1894 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
      1,894 words
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      27 19 Chinese Government steps up effort to cool real estate market through further Purchase Limit Policy further Purchase Limit Policy To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      361 19 CRYPTIC CROSSWORD Across 1 Pick foreign article penned by dissenting group (6) 4 Lift vase that’s broken in celebration (8) 8 At university, well-protected area gets maintenance (6) 9 Worthy deal negotiated and managed with millions involved (8) 10 Haste shown in inspector’s area? (8) 11 Director’s prompt in legal
      361 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Lessons for UK banks from the Olympians
      523 20 EDITORIAL LIKE Britain’s athletes, who brought their country a handsome haul of 65 medals in the London Olympics, can its economy show the same discipline, stamina and perseverance? Hosting the Olympics was expected to provide a much needed boost to the UK economy.
      523 words
    • Article, Illustration
      Lock icon Dispute over islets – the devil’s in what lies beneath
      834 20  - Dispute over islets the devil’s in what lies beneath THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent JAPAN’S decision to take its long-running dispute with South Korea over the Takeshima islets to the International Court of Justice could prove to be a triumph or a tragedy for international diplomacy, depending on
      834 words
    • Article, Illustration
      Lock icon Poor rains, power woes keep hobbling India
      1125 20  - Poor rains power woes keep hobbling India Big hit, with 2/3 of Indians dependent wholly or partly on agriculture and the monsoon YOGIAGGARWAL THE flow of news from India seems unendingly bad in recent weeks: corruption, poor governance, unfriendly laws for foreign investors, falling growth, labour strife, a poor monsoon,
      REUTERS  -  1,125 words
    • Article, Illustration
      Lock icon Taking risk management by the horns
      1288 21  -  A way to create an immediate change in the corporate culture is to build a ‘visionary board’ and leaders By PADMA VENKAT The writer is director of capital markets policy for CFA Institute. She is responsible for promoting CFA Institute standards, policies, and positions
      REUTERS  -  1,288 words
    • Article, Illustration
      Lock icon Election 2012 turns into a clash of visions
      846 21  -  Romney’s choice of Ryan as his running mate firms up his private-sector-first stance LEON HADAR Washington Correspondent THE conventional wisdom in Washington on the eve of the selection of the Republican vice-presidential candidate was that Mitt Romney, the presumptive GOP presidential contender
      AP  -  846 words
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  • Page 22 Advertisements
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      34 22 PLACE YOUR AD HERE The Business Times Shippiis g Times CALL JOE WON G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      Lock icon Page 22 Advertisements Column 2
      30 22 Experienced sh/p maintenance m you y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES III. UUJINLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      1398 23 Transaction date: Aug 13 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 Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 132 92.5 AIMSAMPIReit 127.5 +0.5 183
      1,398 words
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      Lock icon SGX CATALIST
      185 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 Sale Vol Cooo) Day High Last Quote Low Buyer Seller Div Gr Yld Net M Cap C’vr P/E Smil 20.5 12.1
      185 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7922 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI 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 0.9579/ Global Emerging Markets!” 1.793/ Global
      7,922 words
    • Article
      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 $mil Low 41.5 25.5 Genting HK US$ US33 -0.5 1360 33.5 33 33 33.5 2172.9 Last 220 168 TanChongInt HK204cd -4 258 205 200 200 208 4.3 3.4
      193 words
    • Article
      Lock icon SGX ETF
      958 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 $mil 126.8 122.2 CIMB APAC Div 100S$D 126.8 126.7 127.6 103 95.8 CIMB APAC Div 100US$ US102.1 101.3 101.9 10.7 1278 1246 CIMBASEAN40 100S$D 1278 1292 1301
      958 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      626 25 Aug 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8871.68 8906.21 8867.63 Sep12 8855.00 8920.00 8835.00 8875.00 ***** *****5 Dec12 8780.00 8825.00 8780.00 8810.00 32 9960 MSCI TAIWAN INDEX FUTURES SPOT 266.03 266.22 263.27 Aug12 263.60 264.80 263.00 263.70 ***** *****0 Sep12 263.70
      626 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 10 Index Change Change Change Change Change Change World Preliminary 898.8 -0.3 8.3 -0.1 3.5 -0.2 7.8 EAFE Preliminary 722.3 -0.5 5.9 -0.2 0.2 -0.2 4.4 Europe Preliminary 1095.2 -0.3 6.7
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      122 25 As on 10 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 541.15 534.95 541.50 717 INDIA GOLD (E-GOLD) FUT DEC2012 537.60 537.10 547.85 50 CURRENCY EUR-USD FUT SEP2012 1.2319 1.2248 1.2299 914 BASE METAL COPPER FUT SEP2012
      122 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Aug 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1709.50 1694.50 1738.50 1694.50 Sep 12 1673.25 1654.75 1699.75 1646.75 Nov 12 1643.75 1631.25 1668.00 1621.00 Jan 13 1635.50 1616.75 1654.50 1607.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 53.60
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Aug 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.06 -0.47 WTI (Near Mth) 93.14 -0.35 Dubai (1-Mth F) 107.39 -0.17 Tapis blend 115.33 -0.76 Minas 116.18 -0.76 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.67 2.28 Jet Kerosene 129.25 1.80 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Aug 13 S$ Bid Offer 1-month 1.2459 1.2469 2-months 1.2459 1.2469 3-months 1.2457 1.2467 6-months 1.2447 1.2457 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 25 Aug 10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1841.25 1861.50 3 months 1881.00 1900.00 Copper, Grade A(US$/tonne) Cash 7483.75 7530.00 3 months 7490.00 7534.00 Lead(US$/tonne) Cash 1889.00 1913.75 3 months 1892.00 1921.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 25 Aug 10 COCOA (£/tonne) Close Prev High/Low Sep 12 1650 1666 1679/1645 Dec 12 1650 1667 1678/1645 Mar 13 1628 1642 1653/1623 May 13 1630 1639 1650/1622 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2167 2166 2182/2161 Nov 12 2168 2168 2180/2162 Jan 13 2149 2150 2158/2142 Mar 13 2140
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1094 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 1 146 456 6.75 21 Conv Ratio Exer Baker Technology Ltd W*****6 1.2 0.2 99 1 32 9 25.42 3 Prem Best World Intl Ltd W*****5 0.6
      1,094 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Aug 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.045 6.702 0.858 8.175 58.436 99.984 0.824 11.915 3.290 1.300 99.678 44.204 1.314 8.567 1.031 31.603 33.133 0.673 1.054 Canada 0.957 6.413
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    • Article
      Lock icon SIBOR
      62 25 Aug 13 (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 INTERBANK CURRENCY RATES
      154 25 Aug 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3129 1.3141 1.0538 1.0539 Canadian dollar 1.2562 1.2573 1.0084 1.0083 Euro 1.5297 1.5312 1.2278 1.2280 NZ dollar 1.0093 1.0107 0.8101 0.8106 Sterling pound 1.9510 1.9526 1.5659 1.5660
      154 words
    • Article
      Lock icon PRECIOUS METALS
      134 25 Aug 13 GOLD(US$/oz) Aug 10 Aug 13 Hong Kong 1617.00 1629.00 Aug 13 Aug 09 Aug 10 London 1614.33 1620.94 1615.23 1622.16 Source: Thomson Reuters CAST BAR Aug 13 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442 324 10gm 790
      134 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Aug 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15-Nov-12 0.24 6-Month BS*****S 07-Feb-13 0.25 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.06 100.09 100.07 5-Year N*****0Z 2.375
      90 words
    • Article
      Lock icon PALM OIL
      57 25 Aug 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2890.0 2830.0 2890.0 2700.0 4 1442 Sep 12 2851.0 2843.0 2851.0 2780.0 1812 ***** Oct 12 2900.0 2882.0 2903.0 2825.0 ***** ***** Nov 12 2920.0 2909.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Aug 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.280 Can dollar 1.285 1.224 Euro 1.564 1.490 Sterling pound 1.988 1.912 NZ dollar 1.039 0.990 US dollar 1.263 1.215 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      160 25 Aug 13 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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
      160 words
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  • PROPERTY
    • Article, Illustration
      Lock icon For sale: an US$18-25m mountain estate in US
      1385 26  -  Agents not welcome: owner taps his rich contacts, offers US$250,000 finder’s fee to person who refers buyer By PAUL SULLIVAN NYT [NEW YORK] The real estate market has started to rebound, but it has been a rough five years. Many people have
      NYT; JOHN W ADKISSON/NYT  -  1,385 words
    • Article
      Lock icon Investors pay price for far-flung phobia
      862 27 European properties in less popular neighbourhoods offer high yields with stable tenants on long leases Reuters [LONDON] European real estate investors are so spooked by the region’s sovereign debt crisis that a blinkered focus on the best neighbourhoods of London, Paris and Berlin means
      Reuters  -  862 words
    • Article, Illustration
      Lock icon London 2012 signals end of white elephant curse
      997 27 Reuters [LONDON] Future host cities of the world’s biggest sporting events will look to emulate the London Olympics’ use of temporary venues and stadia as the global financial crisis heightens the danger of building expensive white elephants. Rio de Janeiro, which took
      Reuters; REUTERS  -  997 words
    • Article
      Lock icon E&O shares tumble after regulator signals ‘no GO’
      525 28  -  Securities panel says it won’t force Sime to make general offer for developer By PAULINE NG in Kuala Lumpur HAVING had the weekend to digest a Securities Commission (SC) statement that it would not compel Sime Darby to make a general offer
      525 words
    • Article, Illustration
      Lock icon Developers keen on Myanmar projects
      1160 28 Foreign firms’ influx creates demand for housing, offices IHT [YANGON] Soe Thiha Hlaing, the director of sales and marketing for Serge Pun Associates (Myanmar), says the company’s planned 160-acre rental apartment and condominium complex on the rural outskirts of Yangon will emulate high-end housing developments
      IHT; BLOOMBERG  -  1,160 words
    • Article
      Lock icon Rebound in China home prices a blip; no easing seen
      770 28 Xinhua [BO’AO, Hainan] A recent rebound in China’s home prices will not continue, as the country will not ease its property tightening measures for the sake of economic growth, experts said at an industry forum held in south China’s Hainan
      Xinhua  -  770 words
    • Article
      Lock icon Developers fall on reports China to keep property funding tight
      375 28 Bloomberg [BEIJING] China Vanke Co, Poly Real Estate Group Co and Gemdale Corp led declines by developers after a newspaper controlled by the central bank said authorities want to keep funding for property tight. An index of real estate shares
      Bloomberg  -  375 words
    • Article
      Lock icon IGB Reit eyes RM4.25b market cap
      395 28 joint Bloomberg [KUALA LUMPUR] IGB Real Estate Investment Trust is targeting a market value of RM4.25 billion (S$1.7 billion) when it lists in Kuala Lumpur next month, making it Malaysia’s biggest-listed property trust. The unit of Malaysian property developer IGB Corp plans to offer
      joint Bloomberg  -  395 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      171 26 OPPORTUNITY TO PURCHASE APPROX. 56% STAKE IN SOHO BLOCK mm Contact: Investment Properties Sammi Urn (CEA Reg No: R*****9J) Tel: 6224 8181 /9368 9803 SOUTHBANK Consist of 29 duplex loft SOHO units, 3 single-level SOHO units and 1 shop Total Strata Area: 34, 740 sq ft Walk to Lavender MRT
      171 words
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      Lock icon Page 26 Advertisements Column 2
      223 26 FINAL RELEASE OF 12 PRIME STRATA SHOP UNITS (d BUGIS CUBE gj™* Visit our Showroom Office located at Bugis Cube, Level 1 #01-04, 470 North Bridge Road Singapore *****5 470 North Bridge Road, Singapore (Former North Bridge Commercial Complex) Each unit with built-in water-point and each F&B outlet with grease
      223 words
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      Lock icon Page 26 Advertisements Column 3
      74 26 FOR LEASE! Light Industrial Bldg Location New Industrial Rd LA Approx 30,000 sf GFA Approx 75,000 sf 1 Cargo 1 passenger lift Leiling 9119 5761 R*****5H Salyn 9818 8501 R*****9J CEA Licence No. L*****36J Castledon Partners An Australian based boutique real estate advisor Our services include: Shopping Malls Development projects
      74 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      56 27 Cintech III, SP 1 Fully fitted office for Lease Prestigious address for R&D and Technology activities 10,218 sf, fully fitted office Raised flooring for efficient cable management Abundant food amenities within vicinity Free shuttle bus services to Kent Ridge MRT Business Space: 6293 3228 DTZ Debenham Tie Leung (SEA) Pte
      56 words
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      Lock icon Page 27 Advertisements Column 2
      166 27 Monitors for the PROFESSIONALS IPS VP also available in 27" size VP2365-LED IPS Full-HD LED Monitor 23" viewable size** IPS Panel (True 8-bit colour) Built-in 4-port USB Hub Pivot, Height Adjustment, 360° Swivel Tilt Free $20 Shopping Vouchers 1 Professional IPS Panel 360Swivel Height Adjust VG also available in 21.5",
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      185 27 For Sale by Tender GCB Land at Holland Rise/East Sussex Lane Land area 52,992 sf; Freehold Vacant; Subdivided into 3 plots Good for 1 3 luxurious GCBs 400m to Holland V and MRT Stn Tender Closing on 23 Aug 2012 (Thurs), 2.30pm Freehold Industrial Site off Upper Paya Lebar Land
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