The Business Times, 5 September 2013

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Microfilm: NL32825
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, eptember 5, 2013
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  • Article, Illustration
    Lock icon Services, with a smile, offer higher growth
    822 1  -  Economists bet on this sector and Q2 rebound to raise growth forecast to 2.9% By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Economists may have turned more optimistic about Singapore’s growth for 2013, but their rosier outlook is hinged more on the second quarter’s stronger-than-expec-ted showing
    PHOTO: AFP  -  822 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,015.42 (-39.36) HST INDEX FUTURES 3,014.00 (-40.00) HSIMSCI 342.96 (-5.05) HSIMSCI FUTURES 342.20 (-4.50) US$ S$ US$ (S$ per US$) 1.276 (US$/S$ per 1.558 1.988 EURO (US$/S$/€ 1.316 1.680 Foreign currency per US$ S$ YEN 99.60 78.10 RM 3.286 2.575 HK$ 7.756 6.079 BAHT 32.21 25.24 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,716.76 -7.45 NIKKEI 225 14,053.87 +75.43 HANG SENG 22,326.22 -68.36 SET INDEX 1,303.21 -12.20 JAKARTA COMP 4,073.46 -90.56 MANILA COMP 5,968.33 -115.58 SEOUL COMP 1,933.03 -0.71 SHENZHEN B 814.29 +1.05 MUMBAI IND 18,567.55 +332.89 12noon EDT Change DOW 14,946.03 +112.07 NASDAQ 3,649.14 +36.53
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 TAIWAN 5.00 JAPAN 13.177 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon China hunts tigers in corruption crackdown
    789 1  -  Aides of former Politburo member in the crosshairs By SHU-CHING JEAN CHEN in Hong Kong THE ultimate test for the ongoing crackdown on corruption by China President Xi Jinping is aptly captured in his own campaign phrase: “Hitting tigers as well as flies.” One
    PHOTO: BLOOMBERG  -  789 words
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      121 1 COMMENTARY Will Microsoft’s Nokia gamble work? PAGE 2 PROPERTY Heeton shifts attention to mass market segment PAGE 30 IMF Developed nations will drive global growth PAGE 9 COMPANIES Indofood takes control of China Minzhong PAGE 5 8 *****1 *****4 MASTER TOURBILLON DUALTIME. Jaeger-LeCoultre Calibre 978B with patented jumping date. Winner
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      488 2 Services, with a smile, offer up higher growth ECONOMISTS may have turned more optimistic about Singapore’s growth performance for 2013, but their rosier outlook is hinged more on the second quarter’s stronger-than-expected showing than on hopes for a major improvement in the second half. FRONT PAGE China hunts
      488 words
    • Article, Illustration
      Lock icon Microsoft’s Nokia gamble – will it work?
      1015 2  - Microsoft’s Nokia gamble will it work? It may have the vision and the strategy, but execution remains key COMMENTARY AMIT ROY CHOUDHURY amit@sph.com.sg Technology Editor REGARDLESS of whether Microsoft can use its purchase of Nokia’s mobile phone assets to transition into a software-led multi-product company, the dynamics of the mobile
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    • Article
      Lock icon MAS keeping tabs on private home loan trends
      1033 4  -  But industry players doubt loan tenure cuts for HDB flats will be extended By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] The Monetary Authority of Singapore says it will keep an eye on “credit practices of FIs (financial institutions) and data trends”, and assess if
      1,033 words
    • Article
      Lock icon COEs up for all vehicles except motorcycles
      349 4  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums for all vehicle categories rose yesterday, except those for motorcycles. A Category A certificate of entitlement for cars below 1,600cc climbed by $1,081 to $77,304, while Cat B for cars above 1,600cc increased by $493 to
      349 words
    • Article
      Lock icon S’pore, HK private banks see revenue growth slowing
      606 4  -  PwC survey finds them rethinking business models By GENEVIEVE CUA gen@sph.com.sg [SINGAPORE] Revenue growth of Singapore and Hong Kong private banks is expected to slow over the next couple of years, a survey by PwC has found. The pace of growth, however,
      606 words
    • Article
      Lock icon Prosecution seeks to cast doubt on witness
      754 4  -  CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The prosecution yesterday sought to cast doubt on its witness, City Harvest Church (CHC) member and Indonesian businessman Wahju Hanafi. He was first called out for claiming that he had not seen a key
      754 words
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      102 2 0 cloude bernord swiss made watches Tmdzss Trotsura^'Trtisted' Available at: DEPARTMENTAL STORES:TANGS Orchard (Level 3); VivoCity (Level 1); Robinsons Centrepoint (Level 3); OG Orchard Point (Level 1); Mohd Mustafa Samsuddin Serangoon Plaza AUTHORISED RETAILERS: City Chain Bugis Junction #01-65; Serangoon Nex #01-78; Jurong Point #01-06; Jem Jurong East Mall #01-52;
      102 words
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      294 2 NANYANG technological KX^J UNIVERSITY Nanyang Business School Nanyang Technological University is ranked 47th in the QS World University Rankings 2012 and is the fastest-rising university in the world’s top 50. THE NANYANG MBA programme has been consistently ranked top in Singapore for 9 straight years by The Economist Full-Time MBA
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      713 3 a n: w X 20 7 siAs Securities Investors Association (Singapore) Proudly Presents 4 TH SINGAPORE CGweek corporate governance week 8 th -15 th November 2013 1 WEEK OF CORPORATE GOVERNANCE PROGRAMMES GATHERING OF RENOWNED THOUGHT LEADERS ON CORPORATE GOVERNANCE 8th November 2013, Friday 9am-1pm Resorts World Convention Centre, Basement
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  • COMPANY NEWS
    • Article
      Lock icon Indofood takes control of China Minzhong
      868 5  -  Food giant’s stake hits 57.75%; mandatory offer to be unconditional Reports by CAI HAOXIANG haoxiang@sph.com.sg PT INDOFOOD Sukses Makmur has succeeded in its takeover of China Minzhong, even before its mandatory offer for the remaining shares not already owned opens for acceptance. The Indonesian
      868 words
    • Article
      Lock icon Synear Food shareholders approve delisting
      299 5  -  B)’ KENNETH LIM kenlim@sph.com.sg SYNEAR Food Holdings has received shareholders’ approval to delist from the Singapore Exchange (SGX), clearing two of three hurdles for an exit offer to turn unconditional. Shareholders of the frozen-dumpling maker voted 95.22 per cent to 4.78 per cent by poll
      299 words
    • Article
      Lock icon Offer planned long before price plunge: Indofood
      472 5 INDOFOOD yesterday said its general offer for China Minzhong was a well-con-sidered investment decision and that it had already been planned long before Glaucus Research caused a dramatic price plunge last week. The offer of $1.12 a share, at the same price at
      472 words
    • Article, Illustration
      Lock icon Cordlife buys 19.9% stake in M’sian cord blood firm
      352 7  -  RM29.58m purchase of StemLife will be through cash and new share issue By JACQUELYN CHEOK jaccheok@sph.com.sg CORDLIFE Group has struck a deal to acquire a 19.92 per cent stake in Malaysian cord blood banking company StemLife Berhad for RM29.58 million (S$11.5
      352 words
    • Article
      Lock icon See Hup Seng explains report against 2 ex-directors
      303 7  -  By ONG CHOR HAO ongch@sph.com.sg ELABORATING on a police report that it lodged against two former directors on Tuesday, See Hup Seng said yesterday that the report relates to plans to divert business and business opportunities from its wholly owned subsidiary TAT
      303 words
    • Article, Illustration
      Lock icon Tat Hong to sell key site, centralise ops in Tuas
      461 7  -  It puts Gul Crescent site up for sale at $33m indicative price By JACQUELYN CHEOK jaccheok@sph.com.sg TAT Hong Holdings announced yesterday it would be divesting its flagship Gul Crescent site as part of its efforts to optimise operations in Singapore,
      461 words
    • Article
      Lock icon Mapletree’s China fund closes at its hard cap of US$1.4b
      247 7  -  By LEE MEIXIAN leemx@sph.com.sg MAPLETREE Investments yesterday announced the final closing of its private real estate fund, Mapletree China Opportunity Fund II (MCOF II), at its hard cap of US$1.4 billion, above the initial target of US$1 billion. This makes
      247 words
    • Article, Illustration
      Lock icon SGX derivatives continue ascent
      387 8  -  August figures also show trading in securities going the other way By LEE MEIXIAN leemx@sph.com.sg SINGAPORE Exchange (SGX) trading volumes for derivatives continued to grow from a year ago, but August numbers suggest a slowdown in securities trading. The local bourse yesterday reported that total futures
      FILE PHOTO  -  387 words
    • Article
      Lock icon Syria disruption likely short-lived: OCBC analyst
      452 8  -  By KENNETH LIM kenlim@sph.com.sg MILITARY intervention in Syria appears to be imminent, but any action is not expected to have a long-term impact on the market at the moment, OCBC Research head Carmen Lee said at a press briefing yesterday. “It’s only when it’s
      452 words
    • Article
      Lock icon GLP to start devt of Greater Tokyo facility
      199 8  -  By MINDY TAN tanmindy@sph.com.sg GLOBAL Logistic Properties (GLP) will commence development of GLP Zama, a new multi-tenant logistics facility in Greater Tokyo. The project is expected to be completed in July 2015, with the total development cost estimated to be 20.9 billion
      199 words
    • Article
      Lock icon Hiap Hoe buys second property in Melbourne for A$43.8m
      259 8  -  By NISHA RAMCHANDANI nishar@sph.com.sg MAINBOARD-LISTED property developer Hiap Hoe has made its second overseas acquisition in as many months with the purchase ofa A$43.8 million (S$51.2 million) commercial building in Melbourne’s central business district. Situated on a site spanning 3,165 square
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      299 5 1 If I 1 w SIHGAPORE AIRLII1E5 A great way to fly A STAR ALLIANCE MEMBER f > vel happie Seoul All-in return SGD VISA INFINITE Tokyo Melbourne All-in return SGD Barcelona All-in return SGD Paris London 3,224 is 3,447 is 4,068 is 5,860 is 5,971 is 6,397 Y000 SblS
      299 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Fresh Syria, tapering fears hit stocks
      575 6  -  ST Index sheds 39 points in dull trading as markets in Hong Kong and Europe weaken STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent FRESH worries that there will soon be a US-led military attack on Syria yesterday brought the sellers out in the local market,
      Source: Bloomberg  -  575 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Sep 4 VALUE CLOSE BT OB/OS -497.0 -121.0 BT CADI -*****.0 -128.0 BT 10-day MA -*****.0 -50.0 FTSE ST Mid Cap 738.59 -6.75 FTSE ST Small Cap 536.70 -0.42 FTSE ST All Share 743.00 -8.57 FTSE ST China Top 190.56 -1.56 FTSE ST China 220.79 -2.11 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Albedo 414,679,000 EMS Ener 249,621,000 Acma Ltd 143,527,000 YHM 141,713,000 IPCO Intl 140,345,000 Innopac 139,472,000 GSH Corp 125,752,000 Metech Int 72,835,000 OKH Global 68,824,000 Weiye 64,606,000 VALUE($) SingTel 89,384,570 DBS Grp 68,095,610 OCBC Bk 57,453,100 UOB 54,556,510 ChinaMinzhong 54,408,030 Keppel Corp 42,829,310 OKH Global 41,081,860 Rowsley
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 2 0 0 0 3 11 2 Manufacturing 31 62 44 9 8 13 40 70 57 Commerce 14 25 21 3 6 3 17 31 24 Tpt/Stor/Comms 10 21 10
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    • Article
      Lock icon BROKERS’ TAKE
      994 6  -  Compiled by CAI HAOXIANG Singapore Reits Moody’s Investors Service, Sept 3 THE 13 rated Singapore Real Estate Investment Trusts (S-Reits) are insulated from rising interest rates over the next 12 months because more than half outstanding debt is tied to fixed interest rates. They also have a weighted
      994 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 167,778 167,778 84,291 84,291 Manufacturing 519,922 84,601 604,523 195,312 3,789 199,101 Commerce 232,652 528,173 760,825 77,527 29,168 106,695 Tpt/Stor/Comms 100,537 20,895 121,432 153,267 8,114 161,381 Finance 156,600 1,125 157,725 212,474 430 212,904 Construction 185,902 152,989
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 6 Stock name Close Change CapMallsAsia 1.800 -0.040 CapitaLand 2.970 -0.050 CapitaMall 1.855 -0.030 CityDev 9.920 -0.040 ComfortDelGro 1.835 +0.020 DBS Grp 15.960 -0.170 GLP 2.710 -0.100 Genting SP 1.325 -0.020 Golden Agri 0.545 -0.025 HK Land 6.520 -0.070 HPH Trust US$ 0.720 -0.005 JMH 53.030 +0.030
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    • Article, Illustration
      Lock icon Dollar falls against high-yield peers
      505 6 CURRENCIES Bloomberg [LONDON] The US dollar yesterday weakened against its higher-yielding counterparts after a report showed China’s services industry expanded last month, adding to signs that the global economy is recovering. The US currency ended a five-day run of gains that took it to the
      Bloomberg; PHOTO: BLOOMBERG  -  505 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP GLD 10US$ ***** 102.1 0.6 DBXT MSCHINA 10US$ 1198 51.0 3.5 Lyxor Malaysia 10US$ 953 42.1 3.6 Lyxor Korea 10US$ 511 29.3 4.7 STXPO 100 336 21.0 6.7 Lyxor Asia EX 10US$ 430 14.0 2.6 Haw Par Corp 735 8.0 1.1 Hyflux 6% CPS 10
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    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN Jardine C&C 3240 -135.0 -4.0 DBXT iBoxxSing 5SG$ ***** -69.0 -0.6 DBXT MSINDO 10us$ 1119 -40.8 -2.8 DairyFarm 992 -30.6 -2.4 DBXT MSTHAI 10US$ 1822 -29.3 -1.2 DBXT FTVietnam 10US$ 2148 -28.1 -1.0 Great Eastern 1652 -20.0 -1.2 Spore Land 860 -18.0 -2.1 UOB 2002
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      187 7 When spectacular views and unprecedented luxury meet here in Singapore's prime district 11. i >i i ■3 m r u li. li.Bl. I mm t (W m -!T e v i ■tri.iV ii PENTHOUSE COLLECTION A villa in the sky? Two distinctly different views that are equally spectacular'? Unprecedented levels
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      671 8 Move Your Business To A Higher Level Who should attend: CEOs, Directors, Managers, Team Leaders and other general management professionals and anyone interested in achieving workplace success through improving their communication and productivity at work. 2013 SEPTEMBER SERIES Productivity and Credit (P/q Claimable FULL-DAY WORKSHOPS Developing the Next Generation of
      671 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon All eyes on global growth at G-20 summit
      622 9  -  Developed nations, not emerging economies, will be the major driving force, says IMF By in St LEE U-WEN in St Petersburg, Russia leeuwen@sph.com.sg DEVELOPED nations will be the ones largely driving global growth, while emerging economies are seen as being vulnerable due
      622 words
    • Article
      Lock icon PowerGas may appeal against EMA’s $1.5m fine
      315 9  -  Penalty imposed on gas leak incident in April 2012 By ANGELA TAN angelat@sph.com.sg POWERGAS Ltd, a member of Singapore Power Group, may appeal against the decision by the Energy Market Authority (EMA) to impose a $1.5 million fine for the gas leak incident
      315 words
    • Article
      Lock icon Taiwan’s Delta Electronics opens R&D hub in S’pore
      401 10  -  The centre will focus on sustainable technologies in energy management, biomedicine, networking By MALMINDERJIT SINGH msingh@sph.com.sg POWER and thermal management solutions provider Delta Electronics yesterday opened a research and development (R&D) centre in Singapore, chalking up another major investment here. The centre,
      401 words
    • Article
      Lock icon More help for SMEs’ Shandong ventures
      539 10  -  Three S’pore trade bodies sign MOUs to help tap business openings there By FELDA CHAY feldac@sph.com.sg SMALL and medium-sized enter prises (SMEs) interested in venturing into China’s Shandong province can turn to the trade body of the Chinese government, which will work with Singapore
      539 words
    • Article
      Lock icon S’pore is world’s 2nd most competitive economy
      535 10 Switzerland takes top spot again, and Finland ranks 3rd Bloomberg [GENEVA] Singapore retained its place as the world’s second-most competitive economy, after Switzerland which held the top spot for a fifth year. This is according to the World Economic Forum’s latest Global Competitiveness
      Bloomberg  -  535 words
    • Article, Illustration
      Lock icon Learn all about crowdfunding and more on Sept 17
      498 10  -  By FELDA CHAY feldac@sph.com.sg RAISING funds to run a business is not easy, and many business owners will attest to this. With the Internet, however, that process has become a little simpler for some firms, which are turning to online crowdfunding
      498 words
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      131 9 A DE LTA A M 2 FLAT BEDS. EVERY DAY. EVERY FLIGHT. Period. No exceptions. End of story: All BusinessElite' seats on flights between Singapore via Tokyo-Narita to the U.S. are now with 180-degree full flat-bed seats ■r We've designed the space with your comfort in mind to give you
      131 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Supermax survives political flotsam
      598 11  -  Its shares jump 5.6% on weaker RM, other factors but still seen as a bargain By S JAYASANKARAN in Kuala Lumpur GLOVE maker Supermax Corporation leaped over 5.6 per cent yesterday to RM2.46 a share on the weakening ringgit, new plants that promise better margins and
      598 words
    • Article, Illustration
      Lock icon EPF investment income in Q2 jumps 19.7%
      378 11 Profit driven by strong performance in equities [KUALA LUMPUR] The Employees Provident Fund (EPF) has posted a 19.7 per cent year-on-year increase in its investment income to RM9.16 billion (S$3.6 billion) for the second quarter ended June 30, 2013. Its chief executive officer
      PHOTO: BLOOMBERG  -  378 words
    • Article
      Lock icon Indonesia tin miner cites force majeure
      277 11 Reuters [JAKARTA] Indonesia’s top tin exporter PT Timah said that it has stopped tin shipments and declared force majeure since new regulations forcing domestic producers to trade on a local exchange came into force last Friday. Indonesia is the world’s biggest exporter of tin
      Reuters  -  277 words
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      310 11 A STAR ALLIANCE MEMBER THE BEST TIME TO FLY 6 FIRST CLASS FARES from *2,283 Hong Kong *4,103 Tokyo *6,143 Frankfurt London Milan Munich Paris Rome BUSINESS CLASS FARES from *803 *1 ,233 Bangkok Hong Kong *1,583 Beijing Chennai Delhi Dubai •Shanghai *2,233 Fukuoka Nagoya Osaka Tokyo Sapporo *3,663 Brussels
      310 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing chooses slowdown to ‘adjust’ economy
      465 12 Fundamentals still sound, says Xi, as data shows China on target to meet its 7.5% growth forecast Bloomb erg [BEIJING] Chinese President XI Jinping said his government has opted for slower growth this year to allow it to adjust the structure of the nation’s
      Bloomberg  -  465 words
    • Article, Illustration
      Lock icon Star economist takes over RBI amid storm
      480 12 Investors hope Rajan will be able to calm jittery markets and stabilise the rupee AFP [MUMBAI] Top economist Raghuram Rajan, renowned for predicting the 2008 global financial crisis, took over as head of India’s central bank yesterday amid the country’s worst financial storm
      AFP; PHOTO: AFP  -  480 words
    • Article
      Lock icon Concern rising over China banks’ stock offerings
      615 12 Little clarity on how cash is used by small, and mid-sized banks Reuters [HONG KONG] For the Chinese banks seeking billions of dollars in upcoming stock offerings, a concern is growing that the money will only refinance old loans and do little to
      Reuters  -  615 words
    • Article
      Lock icon India’s services PMI slips to 47.6
      254 12 Reuters [BANGALORE] Indian services activity shrank in August at its quickest pace since the depths of the global financial crisis as new business dried up, a survey showed, the latest evidence that Asia’s third-largest economy is rapidly losing steam even as policymakers battle a
      Reuters  -  254 words
    • Article, Illustration
      Lock icon Beijing bans use of state funds for mooncakes
      284 12 Reuters [BEIJING] China is banning officials from using public funds to buy mooncakes, traditional pastries offered as gifts during the Mid-Au-tumn Festival, as part of President Xi Jinping’s fight against corruption. Officials cannot use public money to send mooncakes as gifts or
      Reuters  -  284 words
    • Article
      Lock icon Guangdong eyes FTZ with Macau, Hong Kong
      196 12 Reuters [SHANGHAI] China’s export engine Guangdong province, located opposite Hong Kong, is studying how to develop a new integrated free trade zone (FTZ) in cooperation with Hong Kong and Macau, the official China Daily reported yesterday. The article quoted sources with knowledge of
      Reuters  -  196 words
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      34 12 ON A ROLL Singapore’s sprint queen Shanti Pereira shares her dreams with tabla! MMI enters Vietnam pre-school market GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      291 13 Best of Both Worlds human capital strategies I NETWORK AND BE INSPIRED AT «iq on X. FOR ASIA I ASIA'S LEADING HUMAN CAPITAL EVENT S 'J TE^ cnsiaaaa THE BUSINESS TIMES SUBSCRIBE TODAY BBT ONLINE BBT HOME DELIVERY The Business Times Raffles Conversation M 13 am A National Day Message
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  • WORLD
    • Article, Illustration
      Lock icon Australia marks 22 years of GDP growth in Q2
      754 14 The 0.6% growth sends dollar higher; consumer spending inches up 0.4% Reuters [SYDNEY] Australia’s economy grew moderately in the last quarter as modest gains in consumer and government spending offset a very flat performance elsewhere, though there was still scant sign
      Reuters; PHOTO: AFP  -  754 words
    • Article, Illustration
      Lock icon Fracking seen raising US incomes
      650 14 Bloomberg [NEW YORK] Surging oil and natural gas production brought on by hydraulic fracturing is lifting the US economy by lowering energy costs for consumers and manufacturers, according to an industry-funded report. In 2012, the energy boom supported 2.1 million jobs, added almost US$75 billion
      Bloomberg; REUTERS FILE PHOTO  -  650 words
    • Article
      Lock icon Thai rubber protesters disrupt airport roads
      398 14 Bloomberg AFP [BANGKOK] Thai police said that about 3,200 rubber farmers yesterday blocked roads in the southern provinces of Nakhon Sri Thammarat, Trang and Surat Thani to pressure the government to help boost declining prices. Security may be bolstered around airports in southern Thailand
      Bloomberg; AFP  -  398 words
    • Article
      Lock icon Eurozone escapes recession, logs 0.3% Q2 growth
      332 14 AFP Reuters [BRUSSELS] Growth figures yesterday confirmed that the eurozone finally escaped a damaging 18-month recession in the second quarter but the bloc still lags well behind in global terms. The economy of the 17-nation eurozone, home to about 340 million people, grew
      AFP; Reuters  -  332 words
    • Article
      Lock icon Myanmar behind schedule for 2015 opening of bourse
      654 15 Late approval of capital markets bill delays project, says Japanese group Bloomberg [TOKYO] Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc,
      Bloomberg  -  654 words
    • Article, Illustration
      Lock icon Fukushima radiation levels hit new high
      397 15 Reuters [TOKYO] Radiation readings around tanks holding contaminated water at the crippled Fukushima nuclear plant have spiked more than 20 per cent to their highest level, Japan’s nuclear regulator said, again raising questions about the clean-up of the worst atomic disaster in 27 years.
      Reuters; PHOTO: AP  -  397 words
    • Article
      Lock icon Further BOJ easing likely if govt raises sales tax
      297 15 Reuters [TOKYO] The Bank of Japan (BOJ) will consider further monetary easing if Prime Minister Shinzo Abe decides to raise the sales tax as planned to 8 per cent from 5 per cent in April, the Asahi newspaper reported yesterday. BOJ
      Reuters  -  297 words
    • Article, Illustration
      Lock icon Developing nations opt out of reserves weapon
      675 18 They are instead raising rates and cutting imports to fight currency rout Bloomb erg [MUMBAI] Developing nations from Brazil to India are preserving a record US$2.9 trillion of foreign reserves and opting instead to raise interest rates and restrict imports to stem the
      Bloomberg; PHOTOS: REUTERS, AFP  -  675 words
    • Article
      Lock icon Olympus charged with misleading auditors
      268 18 Hearing on alleged fraud at subsidiary in UK on Sept 10: SFO Bloomberg [TOKYO] Olympus Corp, whose former president revealed a US$1.7 billion accounting fraud that lasted 13 years, has been charged in the UK for allegedly deceiving auditors at a subsidiary. Olympus’s Gyrus Group
      Bloomberg  -  268 words
    • Article
      Lock icon UK financial body fines Aberdeen Asset Management £7.2m
      315 18 Reuters [LONDON] Britain’s markets watchdog has fined Aberdeen Asset Management £7.2 million (S$14.3 million) for failing to segregate clients’ money from its own over three years to 2011. Regulators have been on alert since the collapse of Lehman Brothers bank in 2008
      Reuters  -  315 words
    • Article, Illustration
      Lock icon Obama faces Syria scrutiny as debate moves into the House
      665 19 US stocks open higher; investors watch Senate vote as tech counters rise AP AFP Bloomberg [WASHINGTON] The Obama administration faced a tough examination of its plans for military strikes in Syria yesterday as the debate moved into the opposition-controlled House
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    • Article
      Lock icon Expert networks thrive in Asia, far from US scrutiny
      629 19 Re uters [SINGAPORE] Expert networks a matchmaking service that connects investors with industry experts are under scrutiny from regulators in the United States, but are expanding across Asia where the market for corporate intelligence is less transparent. The industry’s reputation took
      Reuters  -  629 words
    • Article, Illustration
      Lock icon Mining giants not holding back on capex
      585 19 They will spend US$244b to 2015 despite austerity call Bloomberg [SYDNEY] The biggest mining companies are set to spend about US$244 billion on expansions to 2015, slow to heed Glencore Xstrata chief executive officer Ivan Glasenberg’s call for austerity to end an oversupply
      Bloomberg  -  585 words
    • Article
      Lock icon Trade gap increases 13.3% to US$39.1b
      385 19 LATEST US DATA Bloomberg [WASHINGTON] The trade deficit in the United States widened in July from an almost four-year low as imports rebounded and exports cooled. The gap increased 13.3 per cent to US$39.1 billion from US$34.5 billion in June that was the smallest
      Bloomberg  -  385 words
    • Article
      Lock icon Germany taps new markets as Europe lags
      578 19 NYT [FRANKFURT] Whenever Germany thrived, so did the rest of Europe. But that long-held belief is being questioned by its neighbours, which see evidence that the country is taking off without them. Despite Berlin’s hefty financial support of the eurozone’s more beleaguered members
      NYT  -  578 words
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      779 14 ■4 [«ATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF THE COMPANIES LISTED BELOW NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the belownamed companies held on 30 August 2013, it was resolved
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      421 14 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF MILLION PACKAGING PTE LTD (Members’ Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company shall be held
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      73 15 Knowing your legal rights makes all the difference in your investment. W Buying property can be a stressful and complicated process. STProperty understands that and tries to keep it as simple straightforward as possible. For more information on legal matters, visit www.stproperty.sg/Legal f STProperty.SG STPropertySG A product of SPH, Singapore’s
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      207 16 / 17 k I i 11 Va HOB l/R 500 0 o m g aa i- 20" Tarragona alloy wheels. 360° Area View cameras. Dynaudio Sound System. Volkswagen Exclusive interior. Adjustable rear tailgate. New Touareg R-Line. Supreme power and luxury. The new Touareg R-Line places you in command of either a mighty
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      111 18 ARE YOU KISS92'S MATCH? Are you and your partner a dynamic, outgoing couple? Are you thinking about getting married and would love for someone else to foot the bill? m* YOUR DREAM WEDDING WORTH $50,000 Hff your r y/r /7/// WEDDING FROM KISS02 Wi $10. WEDDING Pfll WEDDING PARTY FOR
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  • EDITORIAL & OPINION
    • Article
      Lock icon Towards a more enlightened work culture
      504 20 EDITORIAL THE majority of Singaporeans want a slower pace of life –and are willing to trade off economic growth and development for it, a poll of 4,000 citizens in January found. The finding a blunt message to the political leaders and policymakers is in
      504 words
    • Article, Illustration
      Lock icon As gears change, would attitudes too at G-20 meet?
      832 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent NOW that the relationship between advanced and emerging economies has gone “into reverse” (as the OECD expressed in a report this week), with the former getting stronger and the latter getting weaker, how will
      832 words
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      Lock icon Singapore, GCC need to nurture historical ties
      1015 20  -  Their citizens should go beyond stereotypes and learn more about each others’ region By MICHAEL C HUDSON The writer is director, Middle East Institute, NUS SEPTEMBER marks a milestone in Singapore’s relations with the six wealthy, oil-exporting Gulf Cooperation Council (GCC) countries Bahrain,
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      Lock icon Responsibilities in corporate governance
      1067 21  -  Having a clear business purpose, socially acceptable behaviour and legal awareness are key fundamentals By MARK BILLINGTON The writer is regional director, ICAEW South East Asia SINGAPORE’S new Code of Corporate Governance will have been in place for a year this November. Corporate governance is high
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      Lock icon The world does not need a banker’s central banker
      741 21  -  J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research Project Syndicate BROADLY speaking, for
      Project Syndicate; PHOTO: REUTERS  -  741 words
    • Article
      Lock icon Is China Minzhong saying it keeps 2 sets of books?
      476 21 LETTER TO THE EDITOR CHINA Minzhong has provided a succession of rebuttals to the allegations of US-based short seller Glaucus Research Group, including highly detailed ones on Sept 1 and 3, complete with extracts of source documents. Although its efforts
      476 words
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SHIPPING/AVIATION
    • Article
      Lock icon Myanmar to play key role in China’s supply links
      524 22  -  This will impact supply-chain industry in region: Kerry’s George Yeo Reports by MALMINDERJIT SINGH msingh@sph.com.sg MYANMAR is likely to play a key role in China’s bid to intensify supply-chain links with mainland South-east Asia, which could both create business opportunities and
      524 words
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      Lock icon George Yeo: Why I joined Kerry Logistics
      325 22 GEORGE Yeo, Singapore’s former foreign minister, said his decision to join the Kerry Logistics Network was motivated by the possibility of him leading the company to a listing in Hong Kong. He said that Malaysian tycoon Robert Kuok, chairman of the Kerry Group,
      325 words
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      Lock icon Maersk’s use of social media pays off
      519 22 Reuters [COPENHAGEN] Who would have thought a container shipping firm could rally as many Facebook “likes” as a big brewer, find lost cargoes via Instagram or use Pinterest to limit the public relations setback of accidentally killing a whale? Maersk Line is doing
      Reuters; PHOTO: AFP  -  519 words
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      Lock icon Jetstar boosts capacity and expands network
      341 22  -  It’ll begin new China Cambodia, Indonesia services on Oct 27 By NISHA RAMCHANDANI nishar@sph.com.sg HAVING taken the delivery of two new Airbus A320s, budget carrier Jetstar Asia is boosting capacity across its network with 18 additional services per week from Singapore to destinations in
      FILE PHOTO  -  341 words
    • Article
      Lock icon Vietnam Airlines to choose strategic investor as IPO looms
      444 22 Bloomberg [HANOI] Vietnam Airlines Corp, the national carrier, plans to select a strategic investor as early as the fourth quarter as it prepares for an initial public offering next year. The national carrier considers the IPO as a “key mission” in
      Bloomberg  -  444 words
    • Article
      Lock icon TRANSPORT STOCKS
      223 22 SGX '000 Sep 4 S$ +/-Vol CH Offshore 0.41 unch 25 Chuan Hup Hldg 0.27 unch 214 Cosco Corp 0.68 0.01 1210 s$ First Ship Lea 0.08 unch 120 Freight Links Grand Banks 0.33 0.01 10 Jaya Hold Ltd 0.61 -0.02 507 K1Ventures 0.27 Keppel Corp 10.02 -0.14
      223 words
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      Lock icon SHIPPING TIMES
      1349 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
      1,349 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      374 22 CRYPTIC CROSSWORD Across 1 Somewhat lacking in intelligence? That’s unfair (1,3,5) 9 Tiny mother’s lowest points (6) 10 A time to get something for Christmas? That’s now! (2,7) 11 We’ll roll round in grass in US city (6) 12 Cop lied about nothing with good companion of his? (6,3) 13
      374 words
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      50 23 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3206 24 Transaction date: Sep 4 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 8.8 3.1 A-Sonic --AAT Day Last Quote Div Gr Yld Net 11.5 7 AEM High 188 106 AIMSAMPIReit 144.5
      3,206 words
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      Lock icon SGX CATALIST
      259 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 2280 1.5 1.4 1.3 1.5 23.8 Last Quote Div Gr Yld Net M Cap High
      259 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11280 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond China Opportunities 847?/ FM local Cry Bond 0 8966/ Furopean Opportunities 1 1
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    • Article
      Lock icon GLOBALQUOTE
      258 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 58 27 AVJennings A54 +0.5 43 54 54 54 59 3.6 6.5 4.4 199.9 52 31 Genting HK US$ US39.5 -1 7653 40 38.5 39 39.5 2600.9
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      Lock icon SGX ETF
      906 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114 20 114 114 112 114 520.4 143 120.4 CIMB APAC Div 100S$D 129.1 131.5 132.4 114.4 99 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      597 26 Sep 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.17 *****.88 *****.61 Sep13 *****.00 *****.00 *****.00 *****.00 *****9 *****4 Dec13 *****.00 *****.00 *****.00 *****.00 1971 ***** MSCI TAIWAN INDEX FUTURES SPOT 285.02 286.09 283.93 Sep13 285.20 286.50 283.50 285.70 ***** *****5 Oct13 284.70
      597 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 3 Index Change Change Change Change Change Change World Preliminary 1069.3 0.4 14.0 0.6 16.1 0.3 11.0 EAFE Preliminary 880.4 0.4 13.7 0.4 12.4 0.2 7.5 Europe Preliminary 1254.0 -0.4 9.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Sep 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.962 5.596 0.695 7.094 61.466 101.749 0.911 10.014 3.005 1.163 95.910 40.624 1.167 9.368 0.857 27.281 29.459 0.587 0.915 Canada 1.039 5.816
      471 words
    • Article
      Lock icon SIBOR
      53 26 Sep 4 (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$) 1 mth 1 mth 2 mths 2 mths 0.***** 3 mths 9 mths 6 mths 12 mths
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 26 Sep 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.99 5-Year N*****0T 0.5 01-Apr-18 97.33
      90 words
    • Article
      Lock icon PRECIOUS METALS
      136 26 Sep 4 GOLD(US$/oz) Sep 04 Sep 03 Hong Kong 1413.00 1400.00 Sep 03 Sep 02 London 1401.79 1392.91 1402.67 1393.68 Source: Thomson Reuters CAST BAR Sep 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 370 290 10gm 661 579
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    • Article
      Lock icon PALM OIL
      57 26 Sep 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2399.0 2399.0 2399.0 2390.0 65 1498 Oct 13 2408.0 2402.0 2419.0 2395.0 678 ***** Nov 13 2402.0 2398.0 2417.0 2392.0 9681 ***** Dec 13 2397.0 2399.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Sep 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1666 1.1674 0.9144 0.9148 Canadian dollar 1.2124 1.2134 0.9508 0.9503 Euro 1.6792 1.6799 1.3162 1.3164 NZ dollar 1.0028 1.0038 0.7860 0.7866 Sterling pound 1.9877 1.9885 1.5580 1.5583
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Sep 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1435.50 1424.00 1467.75 1431.00 Nov 13 1386.75 1357.50 1408.50 1378.50 Jan 14 1385.00 1354.75 1403.50 1375.00 Mar 14 1358.25 1334.25 1377.75 1351.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
      109 words
    • Article
      Lock icon LIFFE
      95 26 Sep 3 COCOA (£/tonne) Close Prev High Low Sep 13 1618 1622 1633 1615 Dec 13 1613 1619 1631 1611 Mar 14 1599 1604 1617 1597 May 14 1598 1605 1618 1597 COFFEE(US$/tonne) Close Prev High Low Sep 13 1762 1733 1778 1755 Nov 13 1785 1758 1793 1757
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1157 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 0.0 5 -40 58 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 4.6 0.2 ***** AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2 240 6 Asiatravel.com
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Sep 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.35 -0.64 WTI (Near Mth) 108.52 1.65 Dubai (1-Mth F) 108.59 0.96 Tapis blend 122.37 0.76 Minas 113.77 0.56 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.61 1.22 Jet Kerosene 126.10 0.27 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Sep 4 S$ Bid Offer 1-month 1.2758 1.2761 2-months 1.2757 1.2760 3-months 1.2756 1.2759 6-months 1.2753 1.2756 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Sep-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1774.50 1781.50 3 months 1822.00 1829.00 Copper, Grade A(US$/tonne) Cash 7219.25 7214.50 3 months 7245.00 7238.00 Lead(US$/tonne) Cash 2142.80 2165.25 3 months 2155.00 2175.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Sep 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.183 1.127 Can dollar 1.235 1.188 Euro 1.723 1.641 Sterling pound 2.025 1.948 NZ dollar 1.021 0.982 US dollar 1.305 1.243 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      2017 26 Sep 4 26 FINANCE COMMODITIES The Business Times, Thursday, September 5, 2013 SGX DERIVATIVES TRADING Sep 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.17 *****.88 *****.61 Sep13 *****.00 *****.00 *****.00 *****.00 *****9 *****4 Dec13 *****.00 *****.00 *****.00 *****.00 1971 ***** MSCI TAIWAN INDEX
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  • PROPERTY
    • Article, Illustration
      Lock icon Supply slump lifts Irish home prices
      1183 27 But recovery is under scrutiny as a quarter of mortgages are still in trouble after property-market collapse crippled banks Bloom berg [DUBLIN] Residents of the south Dublin suburb of Rathgar received the kind of letter recently that hasn’t been seen since the property bubble
      Bloomberg; PHOTO: BLOOMBERG  -  1,183 words
    • Article
      Lock icon Househunt
      399 27 PROPERTY TRANSACTIONS FOR DISTRICTS 8 TO 28 WITH CONTRACT DATES BETWEEN AUG 7 AND AUG 13, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 8 NON-LANDED Le Somme Apt 07/08/2013 FH 1012 1121 1107 District 9 NON-LANDED Kimsia Court
      399 words
    • Article, Illustration
      Lock icon Katong, Bt Timah housing sites up for sale
      424 28  -  Asking prices are $63m and $32m respectively; the latter is in GCB area By JASMINE NG jasng@sph.com.sg TWO residential sites a freehold redevelopment plot in Katong and a two-storey bungalow in Bukit Timah are up for sale. The Katong site at 12
      424 words
    • Article
      Lock icon US property firm set up by Gaw Capital to raise US$500m
      309 28 Reuters [NEW YORK] Gaw Capital Partners, a Hong Kongbased private-equity real estate company focused on Greater China and Asia, said on Tuesday it had formed a company that intends to raise up to US$500 million to invest in US
      Reuters  -  309 words
    • Article, Illustration
      Lock icon Heeton looks to mass market and beyond
      561 30  -  Onze@Tanjong Pagar priced with economy, cooling measures in mind By MINDY TAN tanmindy@sph.com.sg HEETON Holdings, which has traditionally developed residential properties in Singapore’s prime districts, is shifting its attention to- wards the mass market segment. “We are prepared to look at Government Land
      PHOTO: LOO HUEI HONG/ZAOBAO  -  561 words
    • Article
      Lock icon Billionaire Packer buys 9.4% stake in website Zillow
      464 31 Purchase a bet on improving demand in US housing after starts hit 5-year high Bloomberg [SYDNEY] Australian billionaire James Packer bought 9.4 per cent of Zillow Inc, becoming the sec-ond-biggest shareholder in the US real estate website, after housing starts in the
      Bloomberg  -  464 words
    • Article
      Lock icon Hong Kong seeks feedback on housing proposal
      193 31 Bloomberg [HONG KONG] The Hong Kong government is seeking comments on a proposal for developers to help build subsidised public housing, as the city tussles with record home prices. The public consultation will be conducted over the next three months, Anthony Cheung, secretary
      Bloomberg  -  193 words
    • Article
      Lock icon NZ home building slips in June quarter
      219 31 Reuters [WELLINGTON] New Zealand residential building work volumes slipped in the June quarter, falling for the first time in more than a year as activity in the earth-quake-hit Canterbury region eased after strong growth in the previous quarter, official data showed yesterday. The
      Reuters  -  219 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      101 27 A CROWN JEWEL IN GOOD CLASS BUNGALOW ■9 m I v in Prime Bukit Timah 999-year land tenure Site Area: Approx. 1,768.6 sq m 19,037 sq ft Situated within one of Singapore’s most exclusive enclaves in centrally-located Bukit Timah Elevated grounds enjoying panoramic views of Bukit Timah Nature Reserve Regularly-shaped
      101 words
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      Lock icon Page 28 Advertisements Column 1
      399 28 EXCLUSIVE FIRST LAUNCH IN ASIA LEXICON EC1 RARE LONDON WATERFRONT INVESTMENT THE SHARD X ISLINGTON BOAT CLUB X It/'. illi .a- h i f, W*-”f EXHIBITION SAT 7 SUN 8 SEPT 1100 1900 5/F MALAYSIA ROOM HILTON HOTEL SINGAPORE 581 ORCHARD ROAD, SINGAPORE *****3 Ns UNIQUE PROFILE Phase 1 launching
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      Lock icon Page 28 Advertisements Column 2
      215 28 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS WITH MINIMAL RISKS. —-*y W f- I rmT r “'Tl' —4 ■-1C i a ie INCOME GENERATING ASSETS -Benefit from secure and regular income returns plus long-term asset appreciation
      215 words
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      Lock icon Page 29 Advertisements Column 1
      410 29 HORIZONS riscm: •BARCLAYS w H HM I, I-•••«•»■* iPB .nPIMLKIM nr (.Hill an ■■•■■•■■mil's input 1 i ».i z s »n e I I *A'»«W-«>Vv. i 1 i» iM IW •I I p»M<W »MM I mtrn J"» -HL-iir ,f T. xiygw ww'***"i^ 1 f «t J I I 1.' i'h:
      410 words
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      Lock icon Page 30 Advertisements Column 1
      174 30 Large Industrial Site with Prominent Frontage for Sale Site area approx. 316,292 sq ft Existing GFA approx. 136,050 sq ft MP 2008 zoned ‘B2’ PR 1.4 Tenure LH 30 yrs from 1 Jan 2011 Long frontage approx. 250 metres Close to the new Gul Circle MRT Station (under-construction) Tender Closing:
      174 words
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      Lock icon Page 30 Advertisements Column 2
      242 30 Real value in a changing world Residential Site at Amber Rd For High-rise Apartments Land 22,791 sqft; potential for additional adj land of 5,617 sqft Residential GPR 2.8; Freehold STB not required; Vacant possession upon completion Potential for 80 100 apts with partial seaviews, subj to DC HAIG ROAD Katong
      242 words
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      Lock icon Page 30 Advertisements Column 3
      130 30 Medical Suites for Lease •Minutes to Gleneagles and Mt Elizabeth hospitals,luxuryhotels and OrchardRoad •Multi-disciplinarymedicalcentrewithover100topmedicalandhealthcarespecialists •Locatedintheheartofexpatcommunityof TanglinandHollandareas •RadiologyLaboratories •PharmacyandDiagnosticLaboratory •ShuttlebustoOrchardMRT Medical Expertise. Privacy Location. F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808 Keith 6434 9832 Valerie 6434
      130 words
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      Lock icon Page 31 Advertisements Column 1
      66 31 Good Class Bungalow for Sale by Tender East Sussex Lane Land Area approx 15,100 sq ft Built Up approx 11,500 sq ft 21/2storey, 6 ensuite rooms 27 meters lap pool 3 covered car porches Excellent design, Quality furnishings Tender Closing 16 September 2013, 3pm For enquiries, please contact: Agency Licence
      66 words
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      Lock icon Page 31 Advertisements Column 2
      499 31 WORLD EXCLUSIVE LAUNCH SINGAPORE T H E MARYLEBONE APARTM NTS WEST END LONDON W1 REGENT’S PARK COLLEGE MARYLEBONE EDGWARE ROAD REGENT’S PARK MARYLEBONE ROAD WARREN STREET BAKER STREET MARYLEBONEROAD BAKER STREET G L O U C E S T E R REGENT’S PARK EUSTON SQUARE RUSSELL SQUARE GT PORTLAND STREET
      499 words
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      Lock icon Page 32 Advertisements Column 1
      65 32 7 V.'N'v.'V m UNIT 01-4 r— ’r-r.."--.'! 8.3323 LEVEL 1, TAKASHIMAYA DEPARTMENT STORE TEL. 65.6738.2212 •;r. v>V-iYi .-Viv H -,r => o m 1 .-...vV.v; S.V v'-N.' VNN <V .•5 > > s 3‘•it* 1 n .SN >■*?! i-: sNV 0 •.TiV.W-r' z Li >: I /a 4 \T -i
      65 words