The Business Times, 7 November 2013

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Microfilm: NL32873
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, November 7, 2013
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  • Article, Illustration
    Lock icon F&N spat with Myanmar partner turning ugly
    755 1  -  MEHL starts arbitration process, saying it has clear right to buy over F&N’s 55% stake By jasng@sph.com.sg JASMINE NG jasng@sph.com.sg [SINGAPORE] An ugly spat is unfolding between Fraser and Neave (F&N) and a Myanmar state-owned enterprise at a time when Singapore companies are
    BT Graphics  -  755 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,205.29 (-0.25) HST INDEX FUTURES 3,205.00 (-1.00) GSIMSCI 369.77 (+0.71) GSIMSCI FUTURES 369.70 (+0.60) US$ S$ US$ (S$ per US$) 1.243 (US$/S$ per 1.607 1.998 EURO (US$/S$/€ 1.349 1.678 Foreign currency per US$ S$ YEN 98.60 79.30 RM 3.183 2.560 HK$ 7.752 6.234 BAHT 31.30 25.17 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,803.05 -4.42 NIKKEI 225 14,337.31 +111.94 HANG SENG 23,036.94 -2.01 SET INDEX 1,434.97 +19.53 JAKARTA COMP 4,449.76 +26.47 MANILA COMP 6,477.30 -42.28 SEOUL COMP 2,013.67 -0.26 SHENZHEN B 833.81 -2.93 MUMBAI IND 20,894.94 -79.85 10.30am EST Change DOW 15,708.19 +89.97 NASDAQ 3,938.31 -1.55
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.487 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article
    Lock icon New consolidation accounting rule may pose some challenges for companies
    1023 1  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The impending new financial reporting standard (FRS) on consolidation, FRS 110, claimed its first victim recently, when United Overseas Bank (UOB) took steps at the end of last month to wind up its associate, United
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  • Page 1 Advertisements
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      131 1 INSURANCE MAS aims to turn S’pore into global insurance hub by 2020 PAGE 2 OFFICE BUZZ Rabobank inks lease at South Beach Tower PAGE 32 HOCK LOCK SIEW SembMarine All under one roof in 10 years PAGE 6 COEs Premiums fall across the board again PAGE 2 8"*****1"*****4 Manual winding
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      270 2 F&N spat with partner turning ugly MYANMA Economic Holdings of Myanmar said it has started arbitration proceedings against Fraser and Neave over their joint-venture brewery. FRONT PAGE Goal to turn S’pore into insurance hub MAS has a vision: to grow Singapore into a global insurance marketplace by 2020.
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    • Article
      Lock icon MAS: Conditions ripe for S’pore to become global insurance hub
      617 2  -  It will work with players to build up capabilities to achieve 2020 goal By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] The Monetary Authority of Singapore (MAS) has a vision for the Republic, and it is for it to grow into a
      617 words
    • Article
      Lock icon The blowtorch that was felt around the island
      389 2  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] One man with an unauthorised blowtorch caused the fire at SingTel’s Bukit Panjang exchange last month, knock- ing out services for banks, telcos and other major businesses across Singapore. The employee had used the blowtorch while doing
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    • Article
      Lock icon COE premiums fall across the board again
      351 2  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums fell across the board for the second straight tender yesterday, on continuing weak demand, said some motor distributors. A Category A certificate of entitlement (for cars below 1,600cc) fell $4,280 to $72,609, while Cat B (for
      351 words
    • Article
      Lock icon Average billionaire here is a 64-year-old male
      678 2  -  And his wealth is likely to be from finance, investments By GENEVIEVE CUA gen@sph.com.sg [SINGAPORE] The average billionaire in Singapore is about 64 years old, male, and has probably built his wealth from finance, banking and investments. This is one of the many
      678 words
    • Article, Illustration
      Lock icon SembMarine opens integrated yard at Tuas
      574 4  -  Group to consolidate all shipyards here into single facility by 2024, boosting productivity By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] A new chapter in Singapore’s maritime development was written yesterday when Prime Minister Lee Hsien Loong opened Sembcorp Marine’s new integrated yard, which will eventually consolidate
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    • Article
      Lock icon EU set to fine banks in rigging probe
      588 4 The 6 are Deutsche Bank, JPMorgan, HSBC, RBS, Credit Agricole and SocGen Reuters [BRUSSELS] EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark eurozone interest rates, a person familiar with
      Reuters  -  588 words
    • Article
      Lock icon New wave of renewable energy – NTU-Sentosa’s tidal turbine project
      657 4  - New wave of renewable energy NTU-Sentosa’s tidal turbine project Singapore taps tides for cheaper, more reliable power By GRACE LEONG By gleong@sph.com.sg [SINGAPORE] Tidal energy could become a renewable energy resource for Singapore, and potentially the region, if a first-ever tidal turbine experiment at the Sentosa Boardwalk proves scalable. In
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      349 3 ON SHENTON www.v-on-shenton.com.sg K- V\ 7 m i. nr sc* V ;I& >J.5V > Hi :t*--' :v« ;i t jt The Shoppes at Manna Bay Sands Sff j wui W ''II a#,.. -tii mm -■■v 'If. Oi^W4r T t_L_ (^5 F W &a i 2 T-PSli f r V v
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      190 4 The Perfect Palette, For Your Palate Be tantalised hy a kaleidoscope of sensorial colours and flavours at Chefs With Altitude 2013 Chefs With Altit m —'V V A Revel in the vibrant world of gastronomy and mixology, marked by the constant pursuit for innovation and inspiration. Transcending the culinary horizons
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon STATS ChipPAC Q3 net up at US$13.3m
      439 5  -  Net revenue slips to US$400.8m from US$408.3m a year ago By AMIT ROY CHOUDHURY amit@sph.com.sg SEMICONDUCTOR packaging and test services company STATS ChipPAC has posted a third-quarter net profit of US$13.3 million (one US cent per share), up from US$3.2 million in the
      PHOTO: BLOOMBERG  -  439 words
    • Article
      Lock icon Vard earnings plunge 66.7% in Q3
      369 5  -  Company cites overload situation at its Brazilian yard By msingh@sph.com.sg MALMINDERJIT SINGH rfisingh@sph.com.sg OFFSHORE vessel builder Vard Holdings yesterday posted a sharp drop in third-quarter net profit of 66.7 per cent to 76 million Norwegian kroner (S$15.8 million), from 228 million kroner last year,
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    • Article
      Lock icon Top management changes at SATS
      249 5  -  By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg SATS unveiled changes to several senior management roles which will take effect from Jan 1 next year, including the appointment of current president and chief executive officer Tan Chuan Lye as chairman of food solutions when Mr Tan steps down
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    • Article
      Lock icon SembMarine – All under one roof in 10 years
      651 6  - SembMarine All under one roof in 10 years HOCK LOCK SIEW By LISA LEE lisalcc@sph.com.sg WITH the completion of the first phase of its integrated shipyard, Sembcorp Marine (SembMarine) has quickly pushed on with the next phase of turning its “super-sized” nextgeneration shipyard into reality. It is on a tight
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    • Article, Illustration
      Lock icon CRCT buys Grand Canyon Mall from CMA for 1.8b yuan
      354 6  -  By LEE MEIXIAN leemx@sph.com.sg CAPITARETAIL China Trust (CRCT) has exercised its call option and signed a deal with CapitaMalls Asia (CMA) to buy Grand Canyon Mall in Beijing, having fulfilled two conditions for its purchase. The two conditions were for
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    • Article
      Lock icon BreadTalk Q3 profit flat
      446 6  -  Earnings stand at $3.39m; EPS remains the same at 1.21¢ By ANDREA SOH sandrea@sph.com.sg IN spite of a 22.2 per cent rise in revenue, BreadTalk’s net profit in the third quarter remained flat. Net profit for the three months ended Sept 30 stood at $3.39 million,
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    • Article
      Lock icon More open, timely news releases needed: study
      532 10  -  Firms should also help stakeholders discern the facts from the noise By MICHELLE QUAH michquah@sph.com.sg WHILE most companies recognise an online platform as the best way to engage their stakeholders, they still have much to do when it comes to being more forthcoming
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    • Article, Illustration
      Lock icon Jardine C&C hits Q3 bump amid Astra’s challenges
      321 10  -  By KENNETH LIM kenlim@sph.com.sg JARDINE Cycle Carriage (C&C) posted a 31 per cent decline in net profit amid stiff competition and high labour costs. The auto distributor said yesterday that profit attributable to shareholders slid to US$222 million or 62.41 US cents
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    • COMPANY BRIEFS
      • Article
        Lock icon Tiong Woon reports 11% rise in Q1 profit
        68 10 TUGBOAT and barge operator Tiong Woon posted an 11 per cent increase in first-quarter net profit as it benefited from the sale of a lossmaking business. Profit for the three months to September was $4.6 million, or 0.99 cents per share. Tiong
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      • Article
        Lock icon Ellipsiz posts Q1 net of $6.3m
        52 10 SEMICONDUCTOR equipment supplier Ellipsiz said net profit for its fiscal first quarter ended September jumped to $6.3 million, or 1.14 cents per share, from the year-ago $335,000, or 0.06 cents, largely because of $11.5 million of negative goodwill related to the acquisition of Tokyo
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      • Article
        Lock icon Aspial Q3 profit up 24% on property
        56 10 DIVERSIFIED jewellery retailer Aspial Corp said third-quarter net profit rose 24 per cent to $18 million, or 1.07 cents per share, for the period ended September largely on the back of property development sales. Nine-month profit is up 62 per cent at $58.2
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      • Article
        Lock icon ST Aerospace unit forms JV to buy jets
        47 10 SINGAPORE Technologies Aerospace’s wholly-owned subsidiary, ST Aerospace Resources, is setting up a 50:50 joint venture called WingStar with Wings Capital Partners. WingStar will acquire aircraft for lease or conversion. The JV is expected to start operations early next year.
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    • Article
      Lock icon Jason Marine posts $1.1m H1 profit
      252 10  -  Reports by MALMINDERJIT SINGH msingh@sph.com.sg CATALIST-listed Jason Marine Group has remained profitable for a second consecutive half-year since posting a loss for the first-half of the 2013 financial year ended September 2012. The marine electronics systems integrator group reported a net profit attributable to
      252 words
    • Article
      Lock icon Pacific Radiance heading for mainboard listing
      436 10 Group aims to raise funds to expand in offshore market SINGAPORE-based offshore marine group Pacific Radiance is soon to be listed on the Singapore Exchange (SGX) mainboard to raise capital for expansion. Loo Choo Leong, its group finance director, told The Business Times: “We
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    • Article
      Lock icon Baker Tech Q3 net down 37%
      171 10 BAKER Technology posted a 37 per cent decline in its third-quarter net profit to $3.6 million, hit by lower gross profit margins for existing projects. A year earlier, the marine offshore equipment and services provider made a net profit of $5.7 million. Revenue for
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    • Article
      Lock icon CEOs spell out reasons for support to the cause
      1164 10 SIAS CORPORATE GOVERNANCE WEEK THE Securities Investors Association (Singapore), or SIAS, is holding the 4th Singapore Corporate Governance Week (CG Week) from Nov 8 to 15. Organised by SIAS, CG Week has received endorsement and support from the Accounting and Corporate
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      Lock icon Page 5 Advertisements Column 1
      175 5 PAL SIXTH Freehold s t10 u I v* mf&SK P*' £'‘36^asr AX P ■••.•-A aa®R* i?*r x *t&0 p i u -i- W.LV** ,0 v >5«$ 'a y*\y X'- yU ft Fine Landed Living In Sixth Avenue Thirty-two magnificent residences A private lift, clubhouse with pool, gym, steam room, roof
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      45 6 13 15 IJ -J FIND THE ONES THAT FIT! O n /'~vj U Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. J s j asAna Jk RECRUIT f > rxJ V 'I C ■nJ I SIZZLING GOOD TIMES
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      Lock icon Page 6 Advertisements Column 2
      150 6 Setting up a call centre??? Converged Solutions Cloud Call Centre Seeking Regional Partners 40 f H13 No Booth at 2013 Visit us Asia Expo Cloud 2013 Nov 14th 13th Centre Exhibition Suntech Singapore Please email to michaelkoh@convsoln.com No need to buy, 'subscription basis. From $985 per month Answer Calls from
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      1142 7 Congratulations to all the winners of the 2013 Microsoft Partners' Star Awards! 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 to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI continues sideways shamble
      482 8  -  ‘Good news is bad news’ trading stance rules as concern over QE rollback prevails STOCKS JOYCE HOOI joyceh@sph.com.sg Correspondent THE Straits Times Index continued on its directionless ramble through the week yesterday, finally settling on a close that was almost cursory: lower by 0.25 of a
      Source: Bloomberg  -  482 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Nov 6 VALUE CLOSE BT OB/OS -272.00 +51.00 BT CADI -*****.00 +76.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 742.87 -0.15 FTSE ST Small Cap 541.23 +2.94 FTSE ST All Share 779.02 +0.25 FTSE ST China Top 203.16 -0.57 FTSE ST China 230.41 -1.36 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 4 0 0 0 3 6 4 Manufacturing 57 39 34 10 7 2 67 46 36 Commerce 30 13 19 9 2 2 39 15 21 Tpt/Stor/Comms 21 10 10
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    • Article
      Lock icon BROKERS’ TAKE
      946 8  -  Compiled by JOYCE HOOI UOB Nov 6 close: S$20.96 OCBC Investment Research, Nov 6 UOB posted Q3 net earnings of S$730 million, up 3.3 per cent y-o-y and -6.8 per cent q-o-q, and above market expectations of S$701.8 million. While net interest income improved both y-o-y and q-o-q,
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,707 14,707 46,899 46,899 Manufacturing 441,637 165,481 607,118 273,366 1,312 274,677 Commerce 364,172 553,946 918,118 94,783 58,638 153,421 Tpt/Stor/Comms 129,456 56,584 186,040 164,838 9,899 174,737 Finance 56,690 327 57,017 141,973 130 142,103 Construction 87,733 78,579
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 2.050 +0.020 CapitaLand 3.090 CapitaMall 2.010 +0.025 CityDev 10.20 ComfortDelGro 1.915 +0.005 DBS Grp 16.87 +0.010 GLP 3.050 -0.030 Genting SP 1.510 -0.020 Golden Agri 0.565 -0.015 HK Land 6.130 -0.100 HPH Trust US$ 0.730 +0.005 JMH 53.50 -0.660 JSH 33.14
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    • Article, Illustration
      Lock icon Euro edges higher before ECB meeting
      487 8 CURRENCIES Reuters [LONDON] The euro rose against the US dollar yesterday as uncertainty over how the European Central Bank (ECB) will react to a sharp drop in eurozone inflation left investors wary of pushing the currency any lower. The euro has dropped sharply from
      Reuters; PHOTO: BLOOMBERG  -  487 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Viking 274,693,000 ICP 128,767,000 Vallianz Hldgs 123,482,000 Sunmoon 88,500,000 Aussino 86,021,000 YHM W*****3 78,817,000 YHM 73,956,000 Otto Marine 73,116,000 IPCO Intl 70,731,000 EMS Ener 62,542,000 VALUE($) SembMar 58,389,690 SingTel 55,701,740 People's Food 54,814,810 UOB 46,742,610 ChinaMinzhong 42,501,130 Viking 39,899,840 Genting SP 36,935,000 Noble Grp 33,935,939 DBS
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    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT STGLDv100 10US$ 3130 130.6 3.5 GLD 10US$ ***** 108.2 0.7 Hyflux 6% CPS 10 ***** 40.0 0.4 UOB 2096 16.0 0.8 SuperGroup 441 15.0 3.5 DBXT S&P500 10US$ 2915 12.4 0.3 EuNetworks 85 9.0 11.8 Jardine C&C 3677 9.0 0.2 DBXT FTVietnam 10US$ 2407
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    • Article
      Lock icon FALLS
      121 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -430.2 -2.6 DBS Bk 4.7% NCPS 100 ***** -170.0 -1.6 JMH 5350 -82.1 -1.2 JSH 3314 -37.3 -0.9 Lyxor Korea 10US$ 558 -27.4 -3.8 Elite KSB 9.3 -16.7 -64.2 SembMar 437 -13.0 -2.9 HK Land 613 -12.4 -1.6 IS MS India
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      904 9 SUBSCRIBE NOW! Initial Public Offering closes on 11 November 2013 at 12.00 noon Who We Are A fast expanding offshore support services provider in Asia and beyond We own and operate a young and diverse fleet of offshore vessels which supports the needs of the oil and gas field’s project
      904 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Inflation to take big bite of 2014 wage hikes: polls
      552 11  -  Nominal pay likely to rise 4.5%, but real wage would be up only 1.8% LABOUR MARKET By CHUANG PECK MING peckming@sph.com.sg WHILE a tight labour market will keep driving up pay in Singapore next year, inflation will take a big
      ST FILE PHOTO  -  552 words
    • Article
      Lock icon Finance sector execs back govt’s fair hiring scheme
      359 11  -  Over half of those polled say locals had been overlooked in the past By TEH SHI NING tshining@sph.com.sg FOUR in five financial services professionals support the government’s new rules to ensure Singaporeans are fairly considered for job vacancies, even though some believe
      359 words
    • Article, Illustration
      Lock icon Hotel site in Katong triggered for sale
      578 11  -  By MINDY TAN tanmindy@sph.com.sg A HOTEL site on East Coast Road near I12 Katong has been triggered for sale, with a developer undertaking to put up a bid of at least $160 million. This translates to $601.41 per square foot per plot ratio
      BT Graphics: Ludwig Ilio  -  578 words
    • Article
      Lock icon Big 4 well placed again in Legal 500 rankings
      557 11  -  By MICHELLE QUAH michquah@sph.com.sg THE Big Four local law firms once again dominated the top rankings of Singapore firms in the Legal 500, arguably the most reputable global legal rankings publication in circulation. Drew Napier (Drew), Allen Gledhill (A&G), Rajah Tann
      557 words
    • Article
      Lock icon SMU, MPA beef up maritime courses
      295 11  -  By MALMINDERJIT SINGH msingh@sph.com.sg ECONOMICS majors from the Singapore Management University (SMU) that are pursuing the group of mari-time-focused courses will now have their education enhanced with experiential learning outside the classroom and through interaction with industry practitioners. Students doing the Maritime Economics Concentration
      295 words
    • Article
      Lock icon New research centres at NTU, Newcastle University
      498 11  -  By NISHA RAMCHANDANI nishar@sph.com.sg NANYANG Technological University (NTU) is investing $90 million in three more research centres, adding to its interactive digital media (IDM) cluster. Established with the backing of the National Research Foundation (NRF) and Media Development Authority (MDA), the centres are
      498 words
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      Lock icon Page 11 Advertisements Column 1
      56 11 PersonalData ProtectionAct Are You ready? We can help you to be ready We can: Train your organisation to comply with PDPA; Draft the required standard forms to comply with PDPA; Draft the PDPA Compliance Manual; Assist in setting up the PDPA compliance system Contact us SL Tan Co Advocates Solicitors
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      5633 12 SEA9 PTE. LTD. KREUZ HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Incorporated in the Republic of Singapore) (Company Registration No.: *****0880H) (Company Registration No.: *****3628R) JOINT ANNOUNCEMENT PROPOSED ACQUISITION BY SEA9 PTE. LTD. OF ALL THE ISSUED AND PAID-UP ORDINARY SHARES IN THE CAPITAL OF KREUZ HOLDINGS LIMITED BYWAY
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      4724 13 11. FINANCIAL EVALUATION OF THE SCHEME CONSIDERATION The figures set out in this paragraph are based on data extracted from Bloomberg as at the Latest Practicable Date. The Scheme Consideration represents the following premia over the market prices of the Shares: Description Share Price (S$) Premium over Share Price (a)
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia growth slows as exports, consumption fall
      504 14 Q3 GDP expands 5.62% compared to 5.81% for the second quarter Bloomberg [JAKARTA] Indonesia’s economy expanded less than 6 per cent last quarter as higher interest rates weighed on consumption and exports fell. Gross domestic product (GDP) increased 5.62 per cent in the
      – Bloomberg; PHOTO: REUTERS  -  504 words
    • Article
      Lock icon Condom giant Karex ends 27% up in its debut
      454 14  -  By PAULINE NG in Kuala Lumpur KAREX Bhd got off to a rousing debut yesterday, rising 26.5 per cent over its RM1.85 offer price before finishing a third higher as investors pursued the world’s largest condom maker and the only listed
      454 words
    • Article
      Lock icon Maybank denies it is buying Thai assets
      567 14 CEO says Thailand’s banking sector is over-valued Reuters [NEW YORK] The new head of Malaysia’s largest lender, Maybank, poured cold water on speculation that he is readying a bid to buy assets in Thailand, calling that nation’s banking sector over-valued in an interview
      Reuters  -  567 words
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      173 14 S TI OUTLOOK Presented by A f The Asia-Pacific, the growth engine of the world, is the region to watch. It holds promise amid tensions over land and water and ancient rivalries. Join The Straits Times and ANZ which bring together newsmakers, analysts and regional correspondents for a revealing session.
      173 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China may use international law to kick-start FTZs
      473 15 Aim is to promote the use of the yuan in global trade Reuters [HONG KONG] China is considering the use of international law in a big push to get free trade zones up and running to promote the use of the yuan
      Reuters; ST FILE PHOTO  -  473 words
    • Article
      Lock icon Toll dodging deters fresh investments in India infrastructure
      437 15 Reuters [NEW DELHI] Flashing lights on the roof, tailgating politicians’ motorcades, smashing up toll booths, and beating up toll collectors. Welcome to India’s network of privately run highways, where endemic toll dodging is a drag on the finances of road operators such
      Reuters  -  437 words
    • Article
      Lock icon Huishang, Chongqing set soft tone for bank IPOs in HK
      621 15 Bank of Chongqing makes weak debut, Huishang IPO priced at low end of range Reuters [HONG KONG] Huishang Bank priced its IPO near the bottom of expectations and Bank of Chongqing made a lacklustre trading debut yesterday, setting a cautious
      Reuters  -  621 words
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      364 15 THE VEO KUALA LUMPUR Condominiums in the c a 60-acre private rain J S i! V N ji N -3* .j&JSL* A location so full of natural beauty only 15 minutes from Kuala Lumpur City Centre, The Veo Kuala Lumpur has much to offer. Every studio, 3 bedroom or duplex
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  • WORLD
    • Article, Illustration
      Lock icon Global markets getting addicted to easy money
      446 16  -  WEF chief: QE leads to misallocation of resources By ANTHONY ROWLEY in Tokyo THE global economy and financial markets are becoming addicted to easy money as leading central banks pursue aggressive quantitative easing or QE, warned chairman of the World Economic Forum Klaus
      PHOTO: REUTERS  -  446 words
    • Article
      Lock icon SAC deal may cost its fellow hedge funds
      656 16 The US$1.2b settlement sets a record for insider trading penalties NYT [NEW YORK] In striking its US$1.2 billion settlement with SAC Capital Advisors, the US government set a record for insider trading penalties. For the hedge fund industry, the hidden costs of
      NYT  -  656 words
    • Article
      Lock icon Future uncertain for eurozone’s jobless
      403 16 NYT [BRUSSELS] The European Commission rolled out its autumn forecast on Tuesday. There was plenty of optimism, but it was guarded. Olli Rehn, the EU’s Economic and Monetary Affairs commissioner, declared: “There are increasing signs that the European economy has reached a turning point.” He
      NYT  -  403 words
    • Article, Illustration
      Lock icon German factory orders beat estimates in Sept
      519 17 Orders adjusted for seasonal swings and inflation jump 3.3% from August Bloomberg [FRANKFURT] German factory orders increased more than estimated in September in a sign that Europe’s largest economy is benefiting from a recovery in the euro area and rising domestic investment. Orders,
      Bloomberg; PHOTO: AP  -  519 words
    • Article
      Lock icon 6.8% growth projected for Myanmar next year
      425 17 Reuters [YANGON] Myanmar’s economy is set to grow an estimated 6.8 per cent next year, placing it among South-east Asia’s fastest growing economies, although rising inflation threatens the poor, the World Bank said yesterday. Expansion would be driven by energy and commodities exports,
      Reuters  -  425 words
    • Article
      Lock icon Japan Exchange and Nikkei to start new index
      305 17 Bloomberg [TOKYO] Japan Exchange Group Inc, operator of the world’s sec-ond-biggest equity market, will create an index with Nikkei Inc that selects members based on return on equity, in a bid to highlight the nation’s best stocks. The bourse operator and Nikkei,
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      Lock icon MF Global customers set to get full payout
      628 20 Bankruptcy court judge allows the trustee to make full payment by year-end NYT [NEW YORK] Two years after US$1.6 billion vanished from their accounts, MF Global’s customers are now all but assured to collect every penny. A federal bankruptcy court judge approved
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      Lock icon Mitsubishi UFJ unit in yakuza loans scandal
      479 20 AFP [TOKYO] A major Japanese credit company said yesterday that it had lent money to yakuza gangsters in a widening scandal that is sweeping through the country’s banking system. The admission by JACCS, a unit of Japan’s largest lender Mitsubishi UFJ Financial Group,
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      Lock icon Japan open to revising secrecy bill
      493 20 Bloomberg [TOKYO] Japan’s ruling coalition is open to revising a bill giving the government sweeping power to keep secrets, a measure critics say could limit disclosure on anything from Fukushi-ma-like nuclear accidents to corruption. The government wants to start parliamentary debate on the secrecy
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      Lock icon Samsung takes steps to lift stock price
      845 22 It vows to double dividend yield, lead in mobile devices, invest in technology Re uters [SEOUL] Samsung Electronics Co Ltd vowed to double its dividend yield, invest in new technology and boost marketing as it sought to topple Apple Inc in the mobile
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      Lock icon UK MPs say Prince Charles may be gaining from unfair tax edge
      417 22 NYT [LONDON] Royal households have historically been better at collecting tax than paying it. Prince Charles is about to find that out. After scrutinising the tax arrangements of corporate giants such as Google and Amazon, British lawmakers have
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      Lock icon Acer plunges after record loss, CEO’s departure
      458 22 It posts NT$13b loss in 3 months to Sept, unveils 7% job cuts Bloomberg [TAIPEI] Acer Inc, Taiwan’s second-largest computer maker, plunged to a 12-year low in Taipei trading after announcing a record loss, job cuts and the resignation of J T Wang
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      Lock icon Toyota in sight of pre-Lehman record profit
      490 22 It expects 1.67t yen in annual profit on weaker yen and growing US sales Reuters [TOKYO] Toyota Motor Corp raised its annual profit forecast yesterday, closing in on records set before the Lehman crisis as the weaker yen and growing sales in a
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      102 16 v, 'p• >\y^'y\ 'r”'' wmmmm HE MY LA $Mm mwm mm mm wmm m w *55i pJSy "i* Si An environmental activist fighting to clean up China’s Lake Tai i WHEN «< PARW > ends S? China’s leaps and tumbles after the Beijing Olympic Peh Si""* HUe Read about China’s
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      224 17 Luxurious moment with a touch of THAI FIRST CLASS FARES from *2,278 *4,098 Hong Kong Tokyo *6,138 Frankfurt London Milan Munich Paris Rome BUSINESS CLASS FARES from *798 Bangkok *1,578 *1 ,238 Hong Kong y 1 /a A STAR ALLIANCE MEM 3ER Beijing Chennai Delhi Dubai Shanghai *3,658 Brussels Copenhagen
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      3689 18 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices r r SYSMA HOLDINGS LIMITED (Company Registration No. *****7614H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Sysma Holdings Limited (the "Company’’) will be held at Serangoon Gardens Country
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      584 19 aSATS NOTICES PAN ASIAN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2790N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pan Asian Holdings Limited (the “Company”) will be held at 2 Tractor Road, Singapore *****6 on 22 November 2013
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      2863 19 VICPLAS INTERNATIONAL LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****5362R) Notice of Fifteenth Annual General Meeting NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting (“AGM”) of Vicplas International Ltd (the “Company”) will be held at 35 Joo Koon Circle, Singapore *****0 on Monday, November 25,
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      1100 20 AT3 NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices fT A SYSMA HOLDINGS LIMITED Company Registration No: *****7614H (Incorporated in the Republic of Singapore on 28 March 2012) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (the “EGM”) of the Company will be held
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      635 20 bestworld BEST WORLD INTERNATIONAL LIMITED (Company Registration No. *****6030Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Best World International Limited (the “Company”) will be held at 26 Tai Seng Street, #04-01, Singapore *****7 on 22 November
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      506 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MEGALUX PRODUCTS PTE LTD Company Reg. No. *****4318K (In Members’Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN (that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the member
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      183 21 Read On. Move On. Get news on the move with The Straits Times All-in-One PLUS EXCLUSIVELY FOR NEW SUBSCRIBERS Your Straits Times All-in-One PLUS includes the Microsoft Surface RT In addition to reading your Print edition, you can access The Straits Times on your favourite iPad, iPhone and Android mobile
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      66 22 tl SGPFaV Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com For Exhibitors! Extensive publicity Quality crowd Convenient location Reserve your prime spot TODAY! Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF BI k 8 Lorong Bakar Batu,
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      266 22 Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently for 5 decades. Peter Lynch, the fund
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  • AVIATION/SHIPPING
    • Article
      Lock icon Jakarta may open up ports, airports to foreign investors
      333 23 It also proposes to raise ownership cap for pharma, telecom and other industries Reuters [JAKARTA] Indonesian officials have proposed opening up more businesses to foreign investors, including operating the country’s airports, as part of promised measures to give a lift to
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      Lock icon Lion Air eyeing deal for 50 Bombardiers
      397 23 AFP [JAKARTA] The parent company of Indonesia’s Lion Air said yesterday it hopes to strike a deal for at least 50 Bombardier passenger jets next year, a purchase with a list price of more than US$3 billion. It would be the latest huge
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      Lock icon Italy to limit large cruise ship traffic in Venice
      326 23 Reuters [ROME] Italy will immediately begin to limit large cruise ship traffic in the Venice lagoon and the biggest vessels of more than 96,000 gross tonnes will be banned from November of next year, the government said on Tuesday. Protests by
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      Lock icon TRANSPORT STOCKS
      241 23 SGX '000 Nov 06 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 155 s$ Cwt Limited 1.40 unch 209 Ezra Hldgs 1.36 0.02 ***** First Ship Lea 0.09 unch 110 Freight Links 0.11 unch ***** Grand Banks 0.23 unch 300 Jaya Hold Ltd Chuan Hup Hldq...
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      Lock icon FAA tightens pilot training requirements
      292 23 WP [WASHINGTON] Almost four years after an upstate New York commuter plane crash killed 50 people, the Federal Aviation Administration (FAA) on Tuesday imposed stricter training requirements for commercial airline pilots. Inexperience, ineptitude and fatigue were to blame for pilot errors that caused the crash
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      Lock icon US Navy vows to cut cost of building new aircraft carriers
      732 23 Its new carrier costs US$12.9b, 25% more than forecast Reuters [WASHINGTON] The US Navy on Tuesday pledged to cut costs for building new aircraft carriers, as it prepared to christen the USS Gerald R Ford, first in its class
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      48 23 HOT PROPERTY atm ■?r SS: 7; mm&a UlMH Sil U?ur„ ERPL S- 0N^^ Good eond. iS 3-bdrm CV SoJ ION S- h Bahru SSOTSfnr-J- MRT > CENTRAL APARTMENTS FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! MATS BUY IT-SELL IT-FIND IT
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      33 23 KALAA UTSAVAM IS 12 Esplanade’s Indian festival of arts is back Marketing man’s humorous take on life GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • Page 23 Miscellaneous
    • Miscellaneous
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      361 23 CRYPTIC CROSSWORD Across 1 Spot a piece that’s unusual in bishop’s office (10) 6 Sour-tempered person that may be seen at the seaside (4) 9 A new plumbing device seen around Indian city (5) 10 Domestic animal is eaten by jungle beast by river prime bit of food? (9) 12
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  • EDITORIAL & OPINION
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      Lock icon Linking leases to productivity not practical
      504 24 EDITORIAL THERE remains a lot more work to do, Finance Minister Tharman Shanmugaratnam said last week about Singapore’s drive to raise the productivity of its companies and industries. Four years after Singapore set a big national target to sustain 2-3 per cent annual productivity
      504 words
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      Lock icon China, Japan must find way to shelve islands issue
      807 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA and Japan have lodged protests with each other over the holding of naval exercises in the East China Sea as their
      807 words
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      Lock icon The inexorable rise of a Eurasian union
      848 24  -  Academic says that such an entity is in the making, in terms of infrastructure at least ANTHONY ROWLEY Tokyo Correspondent COULD it be that one day, in the not impossibly distant future, the initials E and U might stand not for European Union
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      Lock icon Systemic distress is evident anywhere in Asia
      793 25  -  Useful to distinguish between structural risk and cyclical risk in assessing the vulnerability of such countries, especially those in Asia By JOHN CAPARUSSO The writer is Global Head of Banks Research at Standard Chartered Bank AS emerging economies endure another episode of finan-cial-market
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      Lock icon India’s runaway market masks a rundown economy
      384 25  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE Reuters THE surging Indian stock market has decoupled from the country’s ailing economy. The country’s NSE 50 index rose to a record in the special trading session that marks the start of the Hindu year, and has gained
      Reuters  -  384 words
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      Lock icon Who do you call in case of cyber emergency?
      641 25  -  By PETER T METZGER The writer is vice-chairman, CTPartners, an executive search firm. His background includes experience at the CIA and a role as marine military assistant to president Ronald Reagan THE recent cyberattack on The Straits Times website by a
      641 words
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      Lock icon New starting point for India-China relations
      789 25  -  By NEETA LAL The writer is a New Delhi-based journalist THE message that emerged from the meeting between Indian Prime Minister Manmohan Singh and Chinese Premier Li Keqiang recently was that they were girding up for the future, rather than dwelling on a rancorous
      789 words
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  • Article
    Lock icon Shipping Times
    1338 26 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
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      49 26 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3188 27 Transaction date: Nov 6 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 AAT Vol Day Last Quote ('000) High Low Buyer Seller 11.5 7 AEM C'vr 188 106 AIMSAMPIReit 155.5
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      Lock icon SGX CATALIST
      207 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 1
      207 words
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      Lock icon UNIT TRUST & FUNDS
      11352 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian local dcy SD Bond Global Emerging Markets!** China Opportunities 7 8684/ FM local Cry Bond .0 909?/ European Opportunities!"‘ *****/
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      Lock icon GLOBALQUOTE
      249 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 31 Genting HK US$ US43.5 -1 6661 44.5 43 43 43.5 2864.3 Sale 313 191 TanChongInt HK308 -3 90 312 308 310 312 4.3 2.3
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      Lock icon SGX ETF
      853 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 115.5 +2 4 115.5 114 113.5 115.5 527.2 143 125 CIMB APAC Div 100S$D 130 128.7 129.6 114.4 99.2 CIMB
      853 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      577 29 Nov 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.34 *****.69 *****.86 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar14 *****.00 *****.00 *****.00 *****.00 3 348 MSCI TAIWAN INDEX FUTURES SPOT 292.01 293.12 290.95 Nov13 292.20 292.90 290.40 292.10 ***** *****9 Dec13 291.80
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Nov 5 Index Change Change Change Change Change Change World Preliminary 1138.8 -0.3 21.4 -0.2 21.7 -0.3 19.5 EAFE Preliminary 927.2 -0.3 19.7 -0.2 18.1 -0.3 16.0 Europe Preliminary 1333.2 -0.5 16.2
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      Lock icon INTERBANK CROSS RATES
      471 29 Nov 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 5.796 0.705 7.372 59.132 108.610 0.937 10.093 3.027 1.136 102.095 41.169 1.183 9.706 0.868 28.022 29.763 0.592 0.951 Canada 1.006 5.830
      471 words
    • Article
      Lock icon SIBOR
      38 29 Nov 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      86 29 Nov 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****V 02-May-14 0.27 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.91 101.98 101.90 5-Year N*****0T 0.5 01-Apr-18 99.2 10-Year NX*****H
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      Lock icon PRECIOUS METALS
      135 29 Nov 6 GOLD(US$/oz) Oct 06 Nov 05 Hong Kong 1322.00 1321.00 Nov 05 Nov 04 London 1309.41 1318.11 1310.28 1319.00 Source: Thomson Reuters CAST BAR Nov 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118 52 5gm 335 262 10gm 599 524
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      Lock icon PALM OIL
      57 29 Nov 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2577.0 2600.0 2588.0 2566.0 159 2781 Dec 13 2582.0 2587.0 2582.0 2550.0 1076 ***** Jan 14 2580.0 2580.0 2585.0 2545.0 ***** ***** Feb 14 2577.0 2580.0
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      Lock icon INTERBANK CURRENCY RATES
      155 29 Nov 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1825 1.1827 0.9510 0.9511 Canadian dollar 1.1892 1.1900 0.9569 0.9564 Euro 1.6777 1.6781 1.3493 1.3495 NZ dollar 1.0412 1.0416 0.8374 0.8376 Sterling pound 1.9979 1.9983 1.6068 1.6070
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Nov 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.208 1.151 Can dollar 1.212 1.166 Euro 1.714 1.633 Sterling pound 2.033 1.955 NZ dollar 1.064 1.024 US dollar 1.268 1.208 Local dollars to 100 units of foreign
      121 words
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      Lock icon INTERBANK RATES
      157 29 Nov 6 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
    • Article
      Lock icon CHICAGO BOT
      109 29 Nov 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1259.25 1264.00 1271.75 1255.00 Jan 14 1250.25 1256.50 1262.00 1247.00 Mar 14 1236.25 1241.00 1247.50 1233.25 May 14 1227.25 1231.00 1238.25 1224.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
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      Lock icon LIFFE
      95 29 Nov 5 COCOA (£/tonne) Close Prev High Low Dec 13 1728 1688 1731 1681 Mar 14 1738 1696 1740 1690 May 14 1733 1695 1735 1688 Jul 14 1731 1694 1732 1689 COFFEE(US$/tonne) Close Prev High Low Nov 13 1467 1479 1469 1460 Jan 14 1476 1483 1486 1464
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1115 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 C000) Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Albedo Limited W*****9 3.2 unch 200 Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5 3
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Nov 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.70 -0.07 WTI (Near Mth) 93.41 -1.05 Dubai (1-Mth F) 103.08 -0.20 Tapis blend 112.76 0.62 Minas 104.96 0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.03 -0.58 Jet Kerosene 120.83 -0.91 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 29 Nov 6 S$ Bid Offer 1-month 1.2434 1.2435 2-months 1.2433 1.2434 3-months 1.2433 1.2434 6-months 1.2429 1.2431 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 29 Nov-05 Nov-05 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1771.50 1776.25 3 months 1818.00 1822.00 Copper, Grade A(US$/tonne) Cash 7158.00 7134.25 3 months 7161.00 7149.00 Lead(US$/tonne) Cash 2131.75 2134.25 3 months 2156.00 2159.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article, Illustration
      Lock icon Bubble fears as Aussie home prices soar
      1416 30 Low mortgage rates and constrained housing supply driving market up Bloomberg [SYDNEY] Gigi Wong beat four other bidders in an auction of a three-bedroom Sydney house with peeling wallpaper, cracked doors and an overgrown backyard by paying A$856,000 (S$1.01 million), 14 per cent
      Bloomberg; PHOTO: BLOOMBERG  -  1,416 words
    • Article
      Lock icon Househunt
      578 30 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN OCT 2 AND OCT 8, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Craig Place Apt 02/10/2013 99 570 950 1665 Int'l Plaza Apt 02/10/2013
      578 words
    • Article
      Lock icon Vanke to build condos for China’s rich in Singapore
      588 30 Bloom berg [SINGAPORE] Faced with curbs on luxury residences and fundraising at home, China’s biggest mainlandlisted property developer is building apartments for wealthy Chinese in Singapore and raising debt in the city’s currency. China Vanke Co, which also plans developments in
      Bloomberg  -  588 words
    • Article, Illustration
      Lock icon Prices dive in Greek housing market
      657 31 Study says 75% of mortgage payments are in arrears AFP [ATHENS] Costas, a two-decade real estate construction veteran, has never seen the sector so vital to Greece’s economy in such a sorry state. “Construction is dead, the crisis has destroyed everything,” bemoaned the 50-year-old,
      AFP; PHOTO: AFP  -  657 words
    • Article
      Lock icon Shops at The Interlace up for sale
      319 31  -  By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] The eight strata-titled shops at The Interlace condominium between Alexandra Road and Depot Road have been put up for sale with a guide price of more than $2,500 per square foot (psf). Knight Frank, which is handling
      319 words
    • Article
      Lock icon NZ govt reviewing import duties on home building materials
      258 32 Xinhua [WELLINGTON] The New Zealand government said yesterday that it is considering cutting import duties on home building materials in a bid to help bring down the country’s soaring house prices. “Building materials costs are too high and can be as
      Xinhua  -  258 words
    • Article, Illustration
      Lock icon Rabobank inks lease at South Beach Tower
      807 32  -  At MBFC Tower 3, Booking.com takes 45,000 sq ft in fresh sign of office buzz By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] A steady stream of office leasing deals has been inked of late in the CBD, showing that demand in the market still has
      FILE PHOTO  -  807 words
    • Article
      Lock icon Priciest London luxury homes lose their shine
      570 33 Brokers cite fears of tax increases and sellers who aim too high UK PROPERTY Bloomberg [LONDON] Price gains for London’s most expensive homes have stalled this year as concerns about possible tax increases and high asking prices put off even the super rich.
      Bloomberg  -  570 words
    • Article
      Lock icon British home prices climb at fastest pace since 2010: Survey
      258 33 AFP [LONDON] British house prices rose in October by the fastest annual pace for more than three years, a leading survey showed yesterday. Prices jumped 6.9 per cent annually last month, the strongest gain since May 2010, according to data
      AFP  -  258 words
    • Article
      Lock icon Collective sale effort rolls again for Tanglin Shopping Centre
      345 33  -  M&C signs en bloc agreement for its 34% interest in the property held by subsidiary By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Tanglin Shopping Centre is back on the en bloc market again, after several failed attempts in recent years. Millennium Copthorne
      345 words
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      4 31 Construction Permit No. 286/2556.
      4 words
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      325 31 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. 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 sale of
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      688 32 72 BUKIT TINGGI RD (off Swiss Club Rd) Rare Educational Campus for 26 Years Lease BKE SUBJECT PROPERTY Dune am Rd Buki l Tl ma Rd Site Area 12,097.5 sq m GFA 8,729.97 sq m over 7 blocks Approved for foreign system schools educational users Within international school cluster Surrounded
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  • Page 33 Advertisements
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      17 33 Call 1800 289 8822 or e-mail I, notices@sph.com.sg to place your Mergers Acquisitions Notices BSAR3 NOTICES CLA/FEBII/g
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      41 33 FOR SALE PRIME 2-STOREY BUNGALOW D16 Freehold Superb Quality High Ceiling 6 en-suite 1 maid’s room Spacious Living Grand Entertainment Hall Big Pool Park 4 cars Approx. 8800sqft/5400sqft Near Amenities. Sole Marketing Agent Sharon Lee 8101 5665 CBRE Luxury Homes. R*****7G/L*****08E
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      467 33 his is not a computer generated image. m Prices from only USD637,000 15 minutes to Manhattan by ferry Anticipated grossyields of up to 6% the PEARL of the Hudson EXHIBITION Saturday 9 November until Sunday 10 November From 11am to 7pm Hilton Hotel Singapore 5/F, Singapore Room, 581 Orchard Road
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