The Business Times, 1 November 2012

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Total Pages: 36
1 36 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, November 1, 2012
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  • 934 1  -  Unemployment rate remains low but fewer jobs are being created as economic weakness starts to bite By CHUANG PECK MING [SINGAPORE] The headline numbers tell only half the story. On its own, the jobless rate provided cheer, dipping from 2 per cent in the
    Source: Administrative Records  -  934 words
  • MARKETS DIGEST
    • 65 1 HST INDEX 3,038.37 (-0.36) HST INDEX FUTURES 3,037.00 (-2.00) GSIMSCI 344.00 (+0.08) GSIMSCI FUTURES 344.20 (+1.30) US$ S$ US$ (S$ per US$) 1.220 (US$/S$ per 1.609 1.963 EURO (US$/S$/€) 1.298 1.583 Foreign currency per US$ S$ YEN 79.70 65.30 RM 3.050 2.500 HK$ 7.750 6.352 BAHT 30.69 25.15 RUPIAH
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    • 49 1 Wednesday Change KL COMP 1,673.07 -1.60 NIKKEI 225 8,928.29 +86.31 HANG SENG 21,641.82 +213.24 SET INDEX 1,298.87 +4.44 JAKARTA COMP 4,350.29 -14.31 MANILA COMP 5,424.51 -2.16 SEOUL COMP 1,912.06 +12.48 SHENZHEN B 591.80 -1.17 MUMBAI IND 18,505.38 +74.53 12 noon EDT Change DOW 13,091.47 -15.74 NASDAQ 2,971.10 -16.85
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.334 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg
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  • 549 1  -  Many traders make it to NYSE; Dow surges at the open but later pares gains By ROB CURRAN US stocks mostly rose as the New York Stock Exchange (NYSE) reopened after its first two-day weather-related closure since 1888. Some streets in the financial
    PHOTO: AFP  -  549 words
  • Page 1 Advertisements
    • 165 1 PROPERTY GCB market weathers latest cooling measure well PAGE 36 SIA-VIRGIN DEALS Questions being raised Down Under PAGE 2 COMPANIES Oct market cap is highest for the year PAGE 6 INVESTMENT French business school to build $40m campus here page 13 *****1 *****4 JL -Ja1( .IR-IlCoiII Rl» MASTER GRANDE TRADITION
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  • TOP STORIES
    • 546 2  -  Aussie competition panel head raises questions while analysts back deals By VEN SREENIVASAN [SINGAPORE] Singapore Airlines and Virgin Australia better keep that champagne on hold for now. Barely a day after the surprise announcements which could shake up Australian skies, there are already questions
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    • 951 2  -  By GRACE LEONG [SINGAPORE] At first, Cecilia Sue told the Corrupt Practices Investigation Bureau (CPIB) that she had a consensual relationship with former anti-narcotics chief Ng Boon Gay. Then, she said that she was forced to perform oral sex because she believed “he had the
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    • 582 2  -  By S JAYASANKARAN in Kuala Lumpur THE government estimates that investors could have placed as much as RM10 billion (S$4 billion) in a gold trading scheme operated by Genneva Malaysia. This was revealed yesterday by Deputy Finance Minister Awang Adek Hussein.
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    • 650 2 Reuters [LOS ANGELES] Walt Disney agreed to buy filmmaker George Lucas’s Lucasfilm and its Star Wars franchise for US$4.05 billion in cash and stock, a blockbuster deal that includes the surprise promise of a new film in the series in 2015.
      Reuters  -  650 words
    • THREE-MINUTE DIGEST
      • 504 2 More layoffs despite tight labour market THE headline numbers tell only half the story. On its own, the jobless rate provided cheer, dipping from 2 per cent in the previous quarter to a seasonally-adjusted 1.9 per cent in September, near its all-time low of 1.7 per cent. But this was
        504 words
    • 491 4  -  Businesses’ capital spending cools on elevated inflation, tight labour market By TEH SHI NING [SINGAPORE] Bank loans growth slowed to 0.7 per cent over the month of September, as sluggish economic activity dampened the expansion of business loans. Preliminary figures from the
      491 words
    • 485 4  -  By MALMINDERJIT SINGH [SINGAPORE] Manufacturing firms in Singapore are cautious about business conditions in the next few months, due partly to the prolonged eurozone crisis and a significant slowdown in China. An Economic Development Board survey shows that a weighted 9 per
      485 words
    • 759 4  -  Earlier uncertainty dispelled; term loans unaffected By SIOW LI SEN [SINGAPORE] More than three weeks on, banks here appear to be implementing smoothly the latest government rules that clamp down on mortgages, dispelling earlier uncertainty. Among bankers’ initial concerns were finding out the number
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  • Page 2 Advertisements
    • 200 2 I need the right tools to meet my business needs It’s my choice. Like time, learning never stops. At Kaplan Professional, we are all geared up to deliver cutting edge learning solutions to meet your organisational needs at your door step. We are committed to supporting individuals and organisations in
      200 words

  • Page 3 Advertisements
    • 139 3 www.vw.com.sg Ik V Our very own elite model. #5 The Volkswagen CC. Now with free elite lifestyle package. Volkswagen presents Elite Model Look Singapore 2012. And to celebrate we are offering the stylish Volkswagen CC with the following elite lifestyle package absolutely free: Cruise control. RNS510 Navigation system. Park Distance
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  • Page 4 Advertisements
    • 289 4 THE FITZROVIA COLLECTION L O ND O N W1 Marcus Cooper Group, in conjunction with Oakmayne, are proud to introduce The Fitzrovia Collection. A fantastic opportunity to invest in a selection of newly refurbished high quality one, two and three bedroom apartments located in London’s prime West End. OXFORD CIRCUS
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    • 134 5 BV LGA R I .•v \vi r- r'3Err'. "TtBir ,'V j m fS. j .-> \r s 'V, Mi /-f H. in > m mp s fsal M >■■■i :>r m :^6 v .V I ■•.-•;■-v •a r/ V V. m r LG B V A R r® v» I
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  • COMPANY NEWS
    • 851 6  -  IPOs and mergers boost total market value to $852m By ANDREA SOH BOLSTERED by a flurry of initial public offerings and heightened merger and acquisition (M&A) play, Singapore Exchange-listed companies emerged from October with their combined market value at a new peak
      ST FILE PHOTO  -  851 words
    • 433 6  -  By TEO SI JIA JARDINE Cycle Carriage recorded a 12 per cent year-on-year rise in net profit to US$323 million for the third quarter ended Sept 30, 2012. After accounting for a non-trading gain of US$57 million from the disposal of an investment,
      433 words
    • 606 8 Consortium says Arrium is denying them due diligence Bloomberg [SYDNEY] Posco and Noble Group Ltd, leading a consortium to buy Australian steelmaker Arrium Ltd, terminated their A$1.2 billion (S$1.5 billion) offer because the target’s board rejected two bids and refused to engage. The
      Bloomberg  -  606 words
    • 716 8  -  HOCK LOCK VIEW By R SIVANITHY IN THE aftermath of the Great Financial Crisis (GFC) of 2008, markets everywhere placed most of if not all their faith in the US Federal Reserve to bail them out of trouble. The same could be said
      716 words
    • 561 12  -  Higher losses from bus segment, higher train running costs leave gain at $33m By SAMUEL EE HIGHER losses from buses and higher MRT operating expenses caused SMRT Corp’s net profit for the second quarter ended Sept 30, 2012, to slip 2.2 per cent
      ST FILE PHOTO  -  561 words
    • 221 12  -  By TEO SI JIA THE Straits Times (ST) unveils upgraded versions of its apps for smartphones and the iPad today. The enhanced apps will offer contents of the newspaper in native and PDF formats, along with free breaking news at a subscription rate
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    • 249 12 Reuters [HONG KONG] Asian M&A financing trends this year have been encouraging, but in a region with plentiful liquidity on offer for the right deals, deal flow is still lacking, according to panellists at the Asia Pacific Loan Market Association (APLMA)’s leveraged
      Reuters  -  249 words
    • 334 12  -  By CARINE LEE TUAN Sing Holdings’ third-quarter net profit surged more than two-fold to $12.02 million, or one cent per share, from $5.19 million a year ago. Turnover for the three months ended Sept 30, 2012, climbed 77 per cent year-on-year to $83.41
      334 words
    • COMPANY BRIEFS
      • 83 12 CAPITALAND has inked strategic cooperation agreements with four Chinese banks for a credit limit allocation of up to 50 billion yuan (S$9.8 billion) for CapitaLand’s China businesses. The move will provide funding for the group’s growth plans in its residential, commercial, retail, service residence,
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      • 49 12 RICKMERS Maritime posted 0.60 US cents in third-quarter distribution per unit, unchanged from last year. The shipping trust saw net profit fall 26 per cent year-on-year to US$8.2 million from US$11.1 million and charter revenue fall 5 per cent to US$36.3 million from US$38.2 million.
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      • 69 12 LIAN Beng Group’s wholly owned subsidiary Starview Investment, Oxley Holdings and Sunview have banded together to develop an industrial land parcel in Jurong. Oxley, Sunview and Starview are taking stakes in Ascendial in the proportion of 51:30:19 for the development of the
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    • 631 12  -  By LEE MEIXIAN MAINBOARD-listed palm plantation company Indofood Agri Resources posted a third-quarter net profit attributable to shareholders of 257.9 billion rupiah (S$32.6 million), up 22 per cent from 211.3 billion rupiah a year earlier. Including non-control-ling interests, net profit for the three months
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  • Page 6 Advertisements
    • 1816 6 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Eighth Annual General Meeting of the Company will be held at The Auditorium, 1000 Toa Payoh North, News Centre, 1st Storey, Annexe Block, Singapore *****4 on Friday, November
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  • Page 7 Advertisements
    • 2008 7 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E CHAIRMAN’S STATEMENT The past year was a year of uncertainty and volatility in the global market. The Euro zone crisis, the weak US recovery and the slowing growth in China cast a pall over global economic performance. Singapore, like
      2,008 words

  • Page 8 Advertisements
    • 36 8 Concierge services available Developers Interest Bearing Scheme (DIBS) Only applicable to financier and solicitors appointed by the developer Choice of fittings furnishings are subject to availability developer’s discretion (Valuer, cartographer and author of real estate books)
      36 words
    • 158 8 Legend of the Seas 2012/2013 2N MALACCA CRUISE Dep Date Port-of-call 03 Nov 2012, 06 Feb, 23 Mar 2013 Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Port-of-call Dep Date Port-of-call 31 Oct, 09, 16, 23 30 Nov, 07, 14&26 Dec 2012 Singapore, Penang, Malacca 22 Feb, 01,08 29
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  • Page 9 Advertisements
    • 1214 9 Congratulations to all the winners of the 2012 Microsoft Partners' Star Awards! Microsoft The Microsoft Partners' Star Awards recognizes the achievements and contributions made by our Singapore partners throughout the year. Every partner plays an important role in enabling our customers with innovative solutions and technologies. This is our tribute
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  • SINGAPORE MARKETS
    • 618 10  -  Churning of penny stocks provides main pastime; volatility is order of the day in penny segment STOCKS R SIVANITHY Senior Correspondent HO P E S t h a t W a l l Street would reopen in the black yesterday after a two-day closure
      Source: Bloomberg  -  618 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 5 0 0 0 6 4 5 Manufacturing 34 47 51 2 7 8 36 54 59 Commerce 19 19 22 2 4 1 21 23 23 Tpt/Stor/Comms 12 14 9
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    • 123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,325 18,325 112,853 112,853 Manufacturing 200,009 234,023 434,032 204,024 2,538 206,562 Commerce 156,269 5,770 162,039 104,784 350 105,133 Tpt/Stor/Comms 96,641 14,784 111,425 181,055 4,640 185,695 Finance 23,020 260 23,280 215,768 113 215,881 Construction 49,873 496,844
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    • 111 10 Stock name Close Change CapMallsAsia 1.850 +0.060 CapitaLand 3.270 CapitaMall 2.110 +0.010 CityDev 11.460 -0.020 ComfortDelGro 1.690 +0.045 DBS Grp 13.900 -0.090 F&N 9.160 GLP 2.570 +0.020 Genting SP 1.330 +0.010 Golden Agri 0.625 -0.010 HK Land 6.350 +0.050 IHH Healthcare 1.280 +0.010 JMH 61.600 -0.800
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    • 65 10 Oct 31 VALUE CLOSE BT OB/OS -614.00-130.00 BT CADI -*****.00 -36.00 BT 10-day MA -*****.00 -62.00 FTSE ST Mid Cap 738.92 -0.81 FTSE ST Small Cap 486.92 -1.61 FTSE ST All Share 743.12 -0.33 FTSE ST China Top 196.86 -0.07 FTSE ST China 218.88 +0.25 FTSE ST
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    • 53 10 VOLUME YHM 496,784,000 Golden Agri 218,096,000 ICP 170,250,000 MDR 53,381,000 Digiland 48,380,000 MDR W*****5 43,544,000 Transcu Grp 39,253,000 CCFH 36,799,000 ElektromotiW*****0 30,180,000 SingTel 28,409,000 VALUE($) Golden Agri 136,964,000 SingTel 91,674,320 Keppel Corp 81,287,721 UOB 71,539,804 DBS Grp 69,950,270 CapitaLand 64,385,718 OCBC Bk 57,015,850 Wilmar 40,368,910 GLP 37,689,580
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    • 913 10  -  Compiled by LYNN KAN Tiger Airways Oct 31 close: 74.5 cents DMG PARTNERS RESEARCH, Oct 31 TIGER Airways reported Q2 2013 net loss of $18 million, in line with expectations. Revenue rose 79 per cent y-o-y to $197 million on the back of increased capacity (up 42.1 per
      Source: Bloomberg  -  913 words
    • 422 10 CURRENCIES [TOKYO] The US dollar was flat in Asia yesterday following the Bank of Japan’s (BOJ) latest easing measures, while analysts said a superstorm that battered the United States could lift President Barack Obama’s re-election chances. The greenback bought 79.60 yen in
      PHOTO: BLOOMBERG  -  422 words
    • 111 10 BY CENTS CLOSE UP DBXT E50 10US$ 3836 90.3 2.0 GLD 10US$ ***** 54.9 0.3 DBXT MSJAP 10US$ 3482 35.4 0.8 DBXT MSKorea 10US$ 5705 32.9 0.5 DBXT MSTHAI 10US$ 1917 25.6 1.1 DBXT Nifty 10US$ ***** 24.4 0.2 DBXT FTVietnam 10US$ 2000 23.2 1.0 Asia Pac Brew 5270
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    • 120 10 BY CENTS CLOSE DOWN JMH 6160 -97.6 -1.3 DBXT MSUSA 10US$ 3448 -69.6 -1.6 KepCorp.ES.1210 1055 -54.0 -4.9 Lyxor India Nifty 10 1270 -39.0 -3.0 DBXT S&P Short 10US$ 3549 -28.1 -0.6 IS MSCI Spore 1323 -23.2 -1.4 UOB.ES.1211 1828 -17.0 -0.9 UOB 1827 -14.0 -0.8 DBXT MSINDO 10us$
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    • 5 10 DAILY
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    • 261 12 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.04.2013 N*****0V 2008 1 5/8 5200.00 1/10 1/4 30 100.56 0.28 SG7P*****168
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  • Page 11 Advertisements
    • 420 11 FITZROY PLACE LONDON Wi ONE OF THE MOST SIGNIFICANT DEVELOPMENTS IN LONDON Wi FOR OVER 50YEARS I I W V 1' inrst m IB I v ••■ft 'frit* A Uk L*.—a REGENT’S PARK MADAME TUSSAUDS R°^° ■II UNIVERSITY COLLEGE LONDON BLOOMSBURY RUSSELL SQUARE n GREAT hy REGENT’S PORTLAND << PARK
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  • Page 12 Advertisements
    • 394 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LEADER ENVIRONMENTAL TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1799H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Leader Environmental Technologies Limited (the “Company”) will be held at Canning Room, Grand
      394 words
    • 368 12 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GOLDIN ENTERPRISE PRIVATE LIMITED Co. Reg. No. *****2408K (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of GOLDIN ENTERPRISE PRIVATE LIMITED convened and held at 20 Cecil Street #12-02
      368 words

  • SINGAPORE NEWS
    • 374 13 EUROPEAN fashion house LVMH has officially opened its Asia Pacific Talent Development Centre, the first such facility outside Europe to spot, groom and deploy talent for the group’s global operations. The centre, located in Ngee Ann City on Orchard Road, will focus on developing
      374 words
    • 499 13  -  Project at Nepal Hill in one-north slated to open in December 2014 By LEE U-WEN A TOP European business school yesterday announced plans to build a new campus in Singapore at the one-north business park. Essec Business School from France is investing
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    • SINGAPORE ROUNDUP
      • 43 13 THE Sengkang and Punggol LRT lines will be upgraded to a two-car system from the one-car system to accommodate more riders. The upgrading will start in the middle of next year and be completed in 2016.
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      • 43 13 THE BCA Academy is introducing two new courses: a diploma-plus-certification course in building information modelling to be open to final-year full-time diploma students; and a three-year full-time diploma in quantity surveying programme, which includes an industry practicum.
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      • 63 13 AN $80 million clinical trial grant programme has been launched to give financial support to innovative and high-impact clinical trials and the development of new ways of diagnosing and treating illnesses. More details of the programme, to be administered by the National Medical Research
        63 words
    • 443 14  -  Swiss drugmaker to invest US$500m on new biotechnology production site here By LEE U-WEN A MAJOR plan by Swiss drugmaker Novartis to build a biologics plant in 2007 that was later shelved is now back on the cards. The Basel-based company yesterday announced
      PHOTO: BLOOMBERG  -  443 words
    • 714 14  -  By JOYCE HOOI RAFFLES Town Club Pte Ltd (RTC) has lost its appeal over the High Court’s dismissal of its lawsuit against its former directors, but it was its current directors who were dealt the personal blow of
      714 words
    • 436 14  -  By RONNIE LIM SINGAPORE’S biggest generating company (genco), Senoko Energy which has started commercial operations of two new mega gas-firing units of 430 megawatts (MW) each after a $750 million “repowering project” is beginning to reclaim some previously lost electricity market share here,
      436 words
  • Page 13 Advertisements
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    • 9 13 Promotion Now On 6281 5688 or 6757 4403 www.gnc.com.sg
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  • Page 14 Advertisements
    • 269 14 i. p* w V;;.—• 6B sat EAGLE EYE CENTRE OPENS 4th CLINIC AT NOVENA NEW FACILITY HOUSES THE PRACTICE’S SECOND LASIK SUITE AND WILL ALSO PROVIDE A FULL RANGE OF EVE-CARE SERV ICES Eagle Eye Centre is a one-stop comprehensive eye specialist centre in Singapore headed by a team ol
      269 words

  • GMALAYSIA/INDONESIA
    • 419 15 Trade deals are expected as Britain is keen on greater access to Indonesia AFP [LONDON] Indonesian President Susilo Bambang Yudhoyono started a three-day state visit to Britain yesterday, with officials keen to impress the emerging Asian power with a display of British pomp and
      AFP  -  419 words
    • 291 15 Ringgit’s strength against yen gives it a RM93m gain [KUALA LUMPUR] Tenaga Nasional Bhd posted a net profit of RM1 billion in the fourth quarter ended Aug 31, 2012, compared with a net loss of RM338.60 million a year ago.
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  • Page 15 Advertisements
    • 362 15 $\EINS/>v 4 Qi 1^5 f'/CE SINGAPORE INSTITUTE OF FOOD SCIENCE TECHNOLOGY Committed to the Futherance of Food Science Technology SIFST c/o SPC Singapore Professional Centre, 93 Toa Payoh Central #05-01, Toa Payoh Community Building, Singapore *****4 MEDIA ANNOUNCEMENT SIFST Congratulates the Winners of IUFoST Global Food Product Awards 2012 Nominated
      362 words

  • GREATER CHINA
    • 742 16 Central bank’s interest rate cuts in June, July expected to squeeze margins Reuters [HONG KONG] China’s top four banks are on course for their weakest annual profit growth since going public, as the central bank’s interest rate cuts in the middle of
      Reuters  -  742 words
    • 338 16 Singapore ranks fourth again in the 2012 rankings Reuters [LONDON] Hong Kong was named the world’s top financial centre for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and
      Reuters; PHOTO: REUTERS  -  338 words
    • 504 16 AP [BEIJING] A Chinese government think tank is urging the country’s leaders to start phasing out its one-child policy immediately and allow two children for every family by 2015, a daring proposal to do away with the unpopular policy. Some demographers
      AP  -  504 words
    • 206 16 Reuters [SHANGHAI] China’s home appliance makers reported stronger third-quarter profits on the back of a reviving property market, and the current period could be even stronger if real estate holds up. Qindao Haier Co Ltd, the country’s second-biggest appliance maker by sales, reported a
      Reuters  -  206 words
  • Page 16 Advertisements
    • 678 16 a- WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will
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    • 65 16 THE PEAK SELECTIONS GOURMET TRAVEL 4 -,:,i ail a is 1 COOK EAST WE CHALLENGE BUDDING CHEFS TO GIVE ASIAN INGREDIENTS A NEW SPIN 80 FESTIVE WINES CURATED BY THE EXPERTS EAT WHERE THE WORLD S TOP CHEFS WOULD A-UST RESTAURANTS AND THEIR DREAM TEAMS A PUBLICATION OF PEAK sPHmagazines
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  • INDIA
    • 793 17 He says govt will push for growth alone after RBI refuses to lower rates citing inflation Bloomberg [MUMBAI] India’s central bank resisted calls from Finance Minister Palaniappan Chidambaram for lower interest rates, prompting him to say the government will revive economic expansion by itself if
      Bloomberg  -  793 words
    • 1145 17 Official statistics on prices, employment patchy or outdated Bloomberg [MUMBAI] Mumbai housewife Sangita Shinde sought work in a shopping mall last year to help pay her children’s soaring school fees. Don’t expect to find that jump in living costs reflected
      Bloomberg; PHOTO: BLOOMBERG  -  1,145 words
    • 47 17 [NEW DELHI] Congress party president Sonia Gandhi offering her respects at the memorial of her mother-in-law and former prime minister, Indira Gandhi, on her death anniversary yesterday. Mrs Gandhi was gunned down by her Sikh bodyguards in 1984. photo: ap PHOTO: AP
      PHOTO: AP  -  47 words
  • Page 17 Advertisements
    • 134 17 Singapore Preview 2-4 November Hong Kong Autumn Auctions 2012 Asian 20 th Century Contemporary Art Chinese Classical and Modern Paintings 2-4 November 10.30am-6.00pm Hong Kong Magnificent Jewels Important Watches 2-3 November 10.30am-6.00pm (Left) PATEK PHILIPPE, REF. 5004 A very rare platinum perpetual calendar split seconds chronograph wristwatch with unusual blue
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  • ECONOMY WATCH
    • 983 18 Many among the millions of job seekers don’t have necessary skills AP [NEW DELHI] India’s politicians like to point out that the country’s swelling youth population is a powerful rising tide that will propel the country into a global economic power while other
      AP; PHOTO: REUTERS  -  983 words
    • 432 18 Half of reconstruction budget of 19 trillion yen remains unspent NYT [TOKYO] Japan has funnelled much of the money it promised to disaster-rav-aged communities into an array of unrelated projects, recent independent audits have shown, sparking outrage among a public already wary of
      NYT  -  432 words
  • Page 18 Advertisements

  • WORLD
    • 852 19 Move to push giant to compromise over payment to media websites: report AFP NYT [PARIS] French tax authorities have made a billion euro (S$1.6 billion) claim against Google to pressure the US Internet giant to compromise in a dispute over compensation to media
      AFP; NYT; PHOTO: AP  -  852 words
    • 298 19 Reuters [LONDON] Beleaguered UK bank Barclays, already rocked by an interest rate rigging scandal, unveiled two new US regulatory investigations into its financial probity and said that third-quarter profits fell by a fifth due to charges for the mis-selling of insurance. Barclays said that
      Reuters  -  298 words
    • 563 20 It cites weaker sales of semiconductors, stronger yen; profit in first-half up 24% Bloomberg [TOKYO] Toshiba Corp, the world’s second-largest flash-memory chipmaker, cut its full-year operating profit forecast 13 per cent amid weaker sales of semiconductors and as a stronger yen erodes overseas earnings. Operating
      Bloomberg  -  563 words
    • 542 20 AFP [TOKYO] Panasonic said yesterday that it would book a mammoth US$9.6 billion net loss in the fiscal year to March as the Japanese consumer electronics giant undergoes a major overhaul of its troubled business. While the company said that it would achieve
      AFP; PHOTO: REUTERS  -  542 words
    • 283 20 AFP [SYDNEY] Shareholders in James Packer’s majority-owned Consolidated Media Holdings yesterday voted overwhelmingly in favour of a US$2 billion takeover by Rupert Murdoch’s News Limited, reports said. The deal will see News, the Australian arm of News Corp, emerge with 50 per
      AFP  -  283 words
    • 520 21 It calls for more controls on foreign takeovers to block unfavourable deals Reuters [LONDON] Britain’s growth strategy of tax cuts and deregulation will not provide a fast track to economic prosperity and needs to be reassessed, according to a government-commissioned review published yesterday.
      Reuters; PHOTO: AFP  -  520 words
    • 352 21 Proposed bill, which aims to cut debt, targets Chinese Reuters [BUDAPEST] Lawmakers in indebted European Union member Hungary are waving the prospect of a passport at well-heeled foreign investors. Proposed legislation listed on parliament’s website would grant permanent residency and ultimately Hungarian citizenship to
      Reuters  -  352 words
    • 662 22 New York is susceptible to rising sea levels, extreme weather patterns NYT [NEW YORK] The warnings came, again and again. For nearly a decade, scientists have told city and state officials that New York faces certain peril: rising sea levels, more frequent flooding
      NYT  -  662 words
    • 538 22 NYT [NEW YORK] For John Selldorff, the best news of the day was that his employees were safe and the power was back on at his company’s factory in Fairfield, New Jersey. But all around the plant, electricity and phone service were still out
      NYT  -  538 words
    • 565 25 Unemployment seen increasing over the coming months AP [LONDON] Unemployment in the 17-country eurozone hit a record high of 11.6 per cent in September, official figures showed yesterday, a sign that the economy is deteriorating as governments struggle to get a grip on their
      AP; PHOTO AP  -  565 words
    • 465 25 Reuters [SYDNEY] Australia’s richest woman Gina Rinehart lost a court bid yesterday to throw out a lawsuit brought by three of her children over control of a US$4 billion family trust. Justice Paul Brereton of the New South Wales Supreme Court ruled that
      Reuters; PHOTO: BLOOMBERG  -  465 words
    • 275 25 Delay is due to the trader offering concessions on zinc Reuters [BRUSSELS] EU antitrust regulators extended their review of Glencore’s US$33 billion bid for miner Xstrata to Nov 22, after the trader offered concessions to ease concerns over the combined group’s slice
      Reuters  -  275 words
  • Page 19 Advertisements
    • 190 19 i/v/V JACKPOT Estimated Draw on Thu, 1 Nov 2012 at 6.30pm For details, visit www.singaporepools.com.sg Ip Yri) Always play with care. [responsibiyj Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS The Power of Dreams H y v m A\ Honda CR-V 1/ r Honda Accord T/j RELIABILITY IS
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  • Page 20 Advertisements
    • 787 20 SATS NOTICES Toll free 1800-289-8822 Email notices@sph.com,sg www.cats.com.sg/notices CHEMICAL GROUP LIMITED JIUTIAN CHEMICAL GROUP LIMITED JIUTIAN CHEMICAL GROUP LIMITED (Company Registration Number *****5416H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms used herein shall bear the same meanings as used in
      787 words
    • 510 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PROFESSIONAL COMPUTER TECHNOLOGY PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3383C Extract of the Minutes of an Extraordinary General Meeting of PROFESSIONAL COMPUTER TECHNOLOGY PTE LTD signed by the Representative of the Holding Company
      510 words
    • 106 20 GRAB YOUR NOVEMBER ISSUE NOW! 15-MIN WORKOUT FOR RUNNERS! 100% I SINGAPORE'S NO. I MEN'S MAGAZINE MENSHEAlTH.COM.se BICEPS EXPRESS FIGHT FAT WITH BEER, BURGERS, AND BEETHOVEN 6 MOVES, 4 WEEKS, ARMS OF STEEL! m 71 MSI SEX SECRETS OF ci a cu Tniiiii/1 rr jlmjn, lUriMYLLc, AND ALICE COOPER BEAT
      106 words
    • 35 20 RAHUL, THE KINGMAKER Did he lose the chance to be king after the next elections by not joining the Cabinet? JASPAL BHATTI’S LAST INTERVIEW GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • Page 21 Advertisements
    • 17 21 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph,com,sg to place your Apology Notices NOTICES
      17 words
    • 383 21 EXCEPTIONAL INVESTMENT OPPORTUNITY IN MANHATTAN, NEW YORK LUXURIOUS LIVING ALONGSIDE THE HUDSON RIVER NEW YORK HARBOR ONLY 5 MINUTES FROM WORLD TRADE CENTER Prices from: USD500,000* EXHIBITION Sat 3rd Sun 4th November 11am 7pm Regent Singapore, 3/F, Boardroom II-III, 1 Cuscaden Road, Singapore *****5 High rental demand: Lower Manhattan’s vacancy
      383 words

  • Page 22 Advertisements
    • 106 22 >'• V lc f. m < s -5 V V m 5T T i> •4- L: 3 3) ffl ■<■ .-v -4 vHfv FOR MORE SPACE. THINK OUT OF THE BOX. Log on to stproperty.sg fora stockpile of choice industrial properties. Whether you are a new start-up or an existing
      106 words
    • 591 22 BEATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TELLUMO SHIPPING PTE. LTD, (IN MEMBER'S VOLUNTARY LIQUIDATION! (Company Registration No. *****5306G) Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 29th October 2012, it
      591 words


  • US ELECTIONS 2012
    • 883 24 President has slight poll edge but both campaigns act as if state evenly divided WP [WASHINGTON] Segundo Espinal, 36, a new US citizen originally from El Salvador, will vote for the first time next week, but he has received neither mail nor phone
      WP; PHOTO: AFP  -  883 words
    • 565 24 They keep surfacing because they’re not illegal in most states AP [MIAMI] With a week to go until Election Day, the nasty campaign tactics are coming out. People in Florida, Virginia and Indiana have gotten calls falsely telling them they can vote early
      AP; PHOTO: AP  -  565 words
  • Page 24 Advertisements
    • 110 24 US’» m¥t' tr0f* 6IVING UP, MOUNTAIN BIKING FOR TRAIL RUNNING. M 'V* r *ef 4P fP|6 jmm w ■>< r/i fi r 3* ▲i—L mountain bike *jK£ 9* 36 $0*'. W&.. J*: F> r>' T v- .it?, %Vlr II P* GIVING UP TRAIL RUNNING FOR MOUNTAIN BIKING. *&/•< -'jmT* I
      110 words

  • Page 25 Advertisements
    • 100 25 GPS NK. watches n electric guitar l? dumbbells fish tank l? mountain bike I m football bike helmet l? I? ,8 j x o a Olrn n mobile phone 9 c I? home theatre system GO n mi 3Q^ S 0 G M M camera I? 00 so At stclassifieds.sg.
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  • EDITORIAL & OPINION
    • 506 26 EDITORIAL AMERICAN voters will make an historic choice next week: Whether to re-elect Democratic President Barack Obama or to replace him with his Republican challenger Mitt Romney. It would be a choice between two intelligent and successful men who share a commitment to
      506 words
    • 876 26  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent VETERAN analyst Jesper Koll described himself recently as “the last optimist on Japan”, or words to that effect. I thought I was the last, but no matter because I fear I am about to
      876 words
    • 1081 26  -  But cheap fossil fuel must not slow efforts to make renewable technologies competitive By G PANICKER The writer was formerly with BT’s foreign desk IT WAS inevitable that the decadelong high prices of crude oil would affect the energy-market dynamics. That was
      PHOTO: AFP  -  1,081 words
    • 1639 27  -  Among the takeaways are getting the policy basics right for catch-up growth and liberalising markets bottom-up By RAZEEN SALLY The author is visiting associate professor at the Lee Kuan Yew School of Public Policy in Singapore and director of the European Centre
      PHOTO: REUTERS  -  1,639 words
    • 550 27  -  By SALVATORE CANTALE The author is a Professor at IMD, a global business school based in Switzerland THE fall of Lance Armstrong, the seven-time winner of the Tour de France, is a momentous event for cycling and sport in general. It also
      550 words


  • AVIATION/SHIPPING
    • 1069 28 Flights resuming at 2 major NY airports but full service may take several days Reuters [NEW YORK] As rail, transit, airline and port workers dug through debris, dealt with power outages and assessed damage from massive storm Sandy, it was increasingly clear that
      Reuters; PHOTO: AFP  -  1,069 words
    • 469 28 Container unit’s revenue jumps 27% on higher rates Bloomberg [SHANGHAI] China Cosco Holdings Co, the nation’s biggest listed shipping company, narrowed its thirdquarter loss after raising container rates and paring its dry-bulk fleet. The net loss of 1.53 billion yuan (S$299 million) compares
      Bloomberg  -  469 words
    • 336 28 AFP [FRANKFURT] German airline Lufthansa yesterday reported a sharp rise in earnings in the third quarter, but stayed cautious for the full year and promised to intensify cost-cutting measures. Lufthansa said its bot-tom-line net profit soared by 30 per cent to 642
      AFP  -  336 words
    • 304 28 Bloomberg [TOULOUSE] Airbus predicted it will more than triple the fleet of corporate jets operating in China by the end of this year and plans to expand sales points in the country as it seeks to win business from government. The company will
      Bloomberg  -  304 words
    • 253 28 SGX '000 Oct 31 S$ +/-Vol CH Offshore 0.52 unch 388 Chuan Hup Hldg 0.28 unch 239 Cosco Corp 0.88 -0.01 3534 S$ Ezra Hldgs 1.12 0.02 7937 First Ship Lea 0.13 unch 467 Freight Links 0.07 unch 752 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      253 words
    • 1930 29 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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  • Page 28 Advertisements
    • 26 28 HOI LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBODK.COM/HOTFMSG I J* HOTFMSG
      26 words
  • Page 28 Miscellaneous
    • 314 28 CRYPTIC CROSSWORD Across 1 Yearning after net returns may be seductive (10) 6 Man hugging wife was dizzy (4) 9 Fish behind second rock (5) 10 No rises unfortunately around European Community in this? (9) 12 Crazy sect is looting member of church (13) 14 ’Elpful suggestion stopped fiancé (8)
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  • Page 29 Advertisements
    • 34 29 PLACE YOUR AD HERE the business times Shippiin G TIMES CALL JOE WOP IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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    • 32 29 Experienced sh/p maintenance M yo e u y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times me uujii'jljj mivicj Shipping Times
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  • SINGAPORE STOCKS
    • 3021 30 Transaction date: Oct 31 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149 92.5 AIMSAMPIReit 149cd +1 299 149 147.5
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    • 185 31 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 4.6 1.3 t Advanced System 1.5 unch 510 1.5 1.4 1.4 1.5 22.3 Day Last Quote Div Gr Yld Net M Cap High
      185 words
    • 8134 31 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 f M local Ccy Bond 0 9557/ European Opportunities
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    • 189 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US32 +0.5 3095 32 31.5 31.5 32 2107 Sale 228 169 TanChongInt HK211 212 215 4.3 3.3 7.1 4249.3 STOCK PRICES
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    • 923 31 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 128.9 120.4 CIMB APAC Div 100S$D 127.5 -0.9 2 127.5 127.5 126.9 127.8 105.5 95.8 CIMB APAC Div 100US$ US105.5 +2 4 105.5 104.3 103.8
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  • FINANCE & COMMODITIES
    • 626 32 Oct 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8911.08 8985.58 8905.44 Dec12 8870.00 8990.00 8855.00 8915.00 *****5 *****1 Mar13 8915.00 8915.00 8915.00 8900.00 4 2108 MSCI TAIWAN INDEX FUTURES SPOT 259.06 259.35 256.36 Nov12 256.40 258.70 255.40 255.70 ***** *****1 Dec12 256.70
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    • 373 32 In local curr In S$ In US$ dy yr dy yr dy yr Oct 30 Index Change Change Change Change Change Change World Preliminary 910.4 0.2 9.7 0.2 3.5 0.4 10.1 EAFE Preliminary 731.8 0.5 7.3 0.7 1.5 0.9 8.0 Europe Preliminary 1114.3 0.9 8.5
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    • 94 32 As on 30 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1715.40 1708.90 1712.40 INDIA GOLD (E-GOLD) FUT DEC2012 573.20 570.90 577.80 CURRENCY EUR-USD FUT DEC2012 1.2988 1.2893 1.2968 BASE METAL COPPER FUT DEC2012 7786 7722 7732 INDEX IRON ORE (MBIO) IDX
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    • 107 32 Oct 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1533.75 1527.25 1548.25 1525.75 Jan 13 1536.50 1529.75 1551.00 1528.25 Mar 13 1510.75 1505.75 1524.75 1504.00 May 13 1465.75 1460.25 1477.00 1459.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.09
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    • 70 32 CRUDE OIL PRODUCTS Oct 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.08 0.05 WTI (Near Mth) 85.6 0.39 Dubai (1-Mth F) 107.13 0.64 Tapis blend 114.61 0.91 Minas 109.26 0.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.94 0.72 Jet Kerosene 127.64 0.28 US$/barrel OpecOil Basket
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    • 22 32 Oct 31 S$ Bid Offer 1-month 1.2201 1.2202 2-months 1.2201 1.2202 3-months 1.2201 1.2202 6-months 1.2197 1.2199 Source: OCBC
      22 words
    • 64 32 Oct 30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1882.25 1869.25 3 months 1910.00 1897.00 Copper, Grade A(US$/tonne) Cash 7722.25 7699.25 3 months 7720.00 7699.00 Lead(US$/tonne) Cash 2046.00 2011.00 3 months 2042.00 2007.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 32 Oct 30 COCOA (£/tonne) Close Prev High/Low Dec 12 1544 1534 1588/1532 Mar 13 1541 1533 1581/1529 May 13 1547 1540 1586/1535 Jul 13 1551 1549 1593/1539 COFFEE(US$/tonne) Close Prev High/Low Nov 12 1955 1989 1991/1955 Jan 13 1983 2015 2013/1980 Mar 13 2001 2033 2028/1999 May 13 2016
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    • 939 32 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 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.1 unch 660 1 32 320.00 1 Price Best World Intl Ltd W*****5 0.3 1 30
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    • 470 32 Oct 31 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 6.476 0.800 8.046 56.013 99.922 0.828 11.325 3.166 1.264 99.522 42.767 1.267 8.960 0.967 30.357 31.861 0.645 1.038 Canada 0.965 6.248
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    • 60 32 Oct 31 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 2 mths 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • 135 32 Oct 31 GOLD(US$/oz) Oct 30 Oct 31 Hong Kong 1723.00 1725.00 Oct 29 Oct 30 London 1714.35 1711.67 1715.15 1712.49 Source: Thomson Reuters CAST BAR Oct 31 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 429 336 10gm 766 673
      135 words
    • 84 32 Oct 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-Jan-13 0.24 6-Month BS*****V 02-May-13 0.27 1-Year BY*****X 01-Nov-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.14 5-Year N*****0Z 2.375 01-Apr-17 108.71
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    • 57 32 Oct 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2398.0 2392.0 2401.0 2379.0 278 3617 Dec 12 2454.0 2451.0 2471.0 2440.0 1940 ***** Jan 13 2502.0 2501.0 2529.0 2492.0 ***** ***** Feb 13 2546.0 2542.0
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    • 154 32 Oct 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2663 1.2671 1.0379 1.0384 Canadian dollar 1.2217 1.2223 1.0017 1.0013 Euro 1.5832 1.5837 1.2976 1.2979 NZ dollar 1.0018 1.0025 0.8211 0.8216 Sterling pound 1.9631 1.9638 1.6090 1.6094
      154 words
    • 121 32 As at 9am Oct 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.293 1.232 Can dollar 1.248 1.189 Euro 1.618 1.541 Sterling pound 1.996 1.92 NZ dollar 1.035 0.977 US dollar 1.243 1.184 Local dollars to 100 units of foreign
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    • 154 32 Oct 31 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.38 0.28 3 months 0.45 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      154 words

  • PROPERTY
    • 845 33 Harrison to be a bedroom community for single, young professionals NYT [HARRISON, New Jersey] Sitting in his office, surrounded by Halloween kitsch and posters of building designs, the mayor of Harrison talks like a man who has been selling an idea for
      NYT; PHOTO: AFP  -  845 words
    • 1168 33 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN OCT 3 AND OCT 9, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 07/10/2012 999 1001 1640 1638 V On Shenton Apt 04/10/2012
      1,168 words
    • 198 33 Bloomberg [LONDON] Ashford Castle, the hotel that charges the most in Ireland per night, was put up for sale at 25 million euros (S$40 million), about half of what Irish developer Gerry Barrett paid for the property at the market’s
      Bloomberg  -  198 words
    • 930 34 Some are closed as part of evacuation while others face cancellations Bloomberg [LOS ANGELES] Revenue growth at US hotels, already hurt by slowing traveller demand, will be hampered further by Sandy, the superstorm that blacked out much of southern Manhattan and
      Bloomberg; PHOTO: ANGEL ZAYAS/DEMOTIX  -  930 words
    • 344 34  -  By ONG CHOR HAO [SINGAPORE] Homegrown Katana Developments continues its expansion across the Causeway, with the launch of a mixed development in Georgetown in Penang. The developer plans to release 100 to 120 units out of the 308 units of residential
      344 words
    • 325 34 Indebted households face mortgage loan repayment problems Xinhua [SEOUL] South Korea’s real estate market is facing growing risks as property prices fall, fuelling concerns that over-indebted households may have difficulties with repaying mortgage loans amid falling prices, a report by the
      Xinhua  -  325 words
    • 468 35  -  Deal is its second after re-entering Singapore market By ONG CHOR HAO [SINGAPORE] Daewoo Engineering and Construction has secured a contract to build Far East Organization’s The Scotts Tower for $112.8 million. The deal with Far East, signed yesterday, was
      468 words
    • 429 35 Bloomberg [SYDNEY] Australian home-building approvals surged for a second straight month in September on apartment and renovation projects, a sign housing demand is accelerating after the central bank cut interest rates. The number of permits granted to build or renovate houses and apartments gained
      Bloomberg  -  429 words
    • 919 36  -  5 caveats lodged for October; deals total $122m, comparable to Sept and Aug By KALPANA RASHIWALA [SINGAPORE] The market in Good Class Bungalow Areas appears to have fared relatively well in October, despite a possible pullback in activity predicted by some players following
      919 words
    • 435 36  -  One site is located at Woodlands, the other 2 are at Tuas By MINDY TAN [SINGAPORE] JTC Corporation has launched three industrial plots for sale by public tender. The first site, located off Woodlands Ave 10 and abutting Mapletree’s Woodlands Spectrum I and
      435 words
    • 268 36  -  By ZEINAB YUSUF SAIWALLA [SINGAPORE] A seven-sto-rey building, meant for light industries, near Sims Drive has been launched for sale by public tender with an indicative asking price of between $33.8 million and $36 million, or $564 to $601 per square foot
      268 words
  • Page 33 Advertisements

  • Page 34 Advertisements
    • 143 34 FOR SALE BY TENDER HOCK TONG BEE CORNERSTONE WINES FREEHOLD LIGHT INDUSTRIAL BUILDING KALLANG RIVER TO ORCHARD CBD KALLANG (EW10) KPE Land Size 2,223.7 sqm (23,935.6 sqft approx) MP 2008 Business 1 Use with GPR of 2.5 100% Consensus; Legal Completion within 3 months Close Proximity to Kallang Aljunied MRT
      143 words
    • 49 34 GCB Site at Holland Rise Land 24,207 sf, Freehold Elevated ground and exclusive Highest point in Holland Rise Near Holland Village MRT Expression of Interest Closing: 22 Nov 2012 (Thu), 3pm CEA Licence No. L*****36J Knight Frank Investment Mary Sai 9388 7879 (R*****8I) Chia Mein Mein 9117 4522 (R*****6B)
      49 words
    • 148 34 CHEE HOON AVENUE GCBA FREEHOLD BUNGALOW FOR SALE BY TENDER Land Size: 14,093 sqft (approx)/ Built Up: 9,000 sqft (approx) Modern Distinctive 2-Storey Freehold Bungalow with Attic Spacious 8 bedrooms with En Suite Bathrooms Walking distance to CCL and upcoming DTL (Botanic Gardens MRT Station) NGHS NJC RGPS DUNEARN RD
      148 words

  • Page 35 Advertisements
    • 369 35 Building Wealth Through Structured Property Investment INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation Singapore Commercial Buildings in Business District-with 3-4% returns Bulk sales of residential apartments Prime Land for Residential and Hotel Redevelopment Hotel Investment 5 Boutique Hotels (Conservation Shop houses) n 200rm
      369 words
    • 371 35 N IN Goodman’s Fields Redefining the London s LX \N me G O O D M A S D S VX *21 LO I i '<Ss X &s K S|| i i i X X W i X FT a i 1 I w i ■S J <'■- i *4
      371 words

  • Page 36 Advertisements
    • 160 36 LONDON PROPERTY OWNERS JUL t lily i i m m iSSSlA i .1 1" Q BWI 1 We have professional referenced tenants waiting to rent your property today! The directors of Benham and Reeves Lettings, central London's largest rental agency, are visiting Singapore for 3 days on November 09,10 11.
      160 words
    • 151 36 CROWN CENTRE FOR SALE ENTIRE GROUND FLOOR RETAIL SPACE freehold Hwa Chong Junior College n Coronatio ShooDino Shopping Pl a King* A Arcade SitilTImaS S Coronation Rd V Nanyang Primary School St. Margaret's Secondary Extremely rare opportunity to acquire ALL of the ground floor strata retail units in a mall
      151 words