The Business Times, 28 July 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 31
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, July 28,2011
    23 words
  • 727 1  -  More than 12,000 have applied for self-exclusion, many nudged by employers By GRACE LEONG [SINGAPORE] For some Singapore companies, it’s not a gamble but a necessity. After seeing their foreign workers mysteriously go missing some days only to be found gambling firms are making
    FILE PHOTO  -  727 words
  • 593 1  -  Local banks may ride the wave as margins stabilise By SIOW LI SEN [SINGAPORE] DBS Group Holdings shares surged yesterday to a new 5 2-week high ahead of today’s Q2 results which will be eagerly scanned for signs of margin stabilisation
    593 words
  • 144 1 GST INDEX 3,193.54 (+6.97) G ST INDEX FUTURES 3,194 (+10) G SIMSCI 370.92 (+1.67) G SIMSCI FUTURES 371.00 (+2.90) FOREX US$ S$ US$ (S$ per US$) 1.201 (US$/S$ per 1.642 1.971 EURO (US$/S$/E) 1.448 1.738 Foreign currency per US$ S$ YEN 77.70 64.70 RM 2.941 2.450 HK$ 7.791
    144 words
  • Page 1 Advertisements
    • 125 1 BizIT NanoWorld CEO on moving from lab to market PAGE 27 COMMENTARY New IMF chief’s maiden speech fails to inspire PAGE 22 HOCK LOCK SIEW Firms should heed GLP’s MAS rap PAGE 4 PROPERTY Guthrie-Sun Venture tie-up sells seven strata shops at The Adelphi PAGE 31 Bungalow in Caldecott Hill
      125 words
    • 14 1 M'SIA NEWS Turning Nusajaya into an ICT-powered smart city PAGE 10 8 *****1 *****4
      14 words

  • TOP STORIES
    • 473 2 Firms barring foreign workers from casinos AFTER seeing their foreign workers mysteriously go missing some days only to be found gambling firms are making them apply for self-exclusion from the two casinos as part of their employment agreement. So far, more than 12,000 foreigners have applied for casino
      473 words
    • 634 2 Reuters [WASHINGTON] A Republican plan to cut the US deficit faced delay and stiff opposition yesterday, raising the risk of default and a ratings downgrade as the clock ticks towards a deadline less than a week away. Deeply divided Republican and Democratic leaders are
      Reuters; AP  -  634 words
    • 78 2 THE Ministry of Finance has clarified BT’s report, “Shedding light on president Ong and S’pore’s reserves” (BT, July 26). It says that the government has drawn down on past reserves only once, in January 2009. In that instance, it had obtained the President’s approval to draw down $4.9 billion
      78 words
    • 613 2  -  Stalemate over debt ceiling hurting greenback; concerns arise over strong S$ By EMILYN YAP [SINGAPORE] The US dollar slid further yesterday, breaking the psychologically key level of S$1.20 to hit S$1.1992 in morning trade, as it continued to suffer from the
      BLOOMBERG  -  613 words
    • 393 2  -  Clement Woon desires to be closer to family By VEN SREENIVASAN [SINGAPORE] Clement Woon’s decision to resign as the CEO of SATS could have been largely due to his desire to be closer to his family. While Mr Woon did not elaborate or
      393 words
    • 362 2 Bloomberg [UNITED NATIONS, New York] International investment, which increased 5 per cent to US$1.24 trillion last year, is trailing manufacturing and trade in recovering from the global financial crisis and won’t approach pre-crisis levels until 2013, the United Nations said.
      Bloomberg  -  362 words
    • 516 2  -  By S JAYASANKARAN in Kuala Lumpur A SLEW of recent Malaysian oil and gas deals are under the microscope after one deal was denied by national oil company Petronas and another drew analysts’ scepticism. On Tuesday, Malaysia’s Business Times reported that a
      516 words
    • 818 3  -  It surpasses Sands China’s US$382m Ebitda for the same period By GRACE LEONG [SINGAPORE] After just 15 months of operations, Marina Bay Sands (MBS) appears to have trumped its parent Las Vegas Sands’ Macau casino operations in terms of profitability. According to its secondquarter
      818 words

  • Page 3 Advertisements
    • 522 3 M ft m WB e/i //am/ The Luxury Of Resort-Style Living. Right At Home. Spacious Choice Units With Best Views, Starting From S$3.887M at S$1,050.00 psf. High expected yield of about 5% p.a. based on 1 expected rental of S$15K S$16K per mth. Eleven@Holland, a cluster of stylish semi-detached residences
      522 words

  • COMPANY NEWS
    • 463 4  -  Company cites higher energy and staff and related costs By SAMUEL EE HIGHER energy costs were instrumental in SMRT Corp’s net profit falling 8.9 per cent to $34.8 million for the first quarter ended June 30, 2011. Singapore’s biggest rail operator was
      FILE PHOTO  -  463 words
    • 294 4  -  Revenue goes up 3% to $142.3m for the quarter By NISHA RAMCHANDANI SINGAPORE Post (SingPost) saw net profit dip 3.5 per cent to $39.24 million while revenue climbed 3 per cent to $142.3 million for the first quarter ended June 30, 2011. Underlying
      294 words
    • 373 4  -  By RONNIE LIM CHEMOIL Energy’s secondquarter net profit fell 69 per cent to US$1 million from the same period a year ago due to “a difficult market environment”, says its CEO Tom Reilly, although the marine fuel supplier managed to record a net profit
      373 words
    • 383 4  -  By JOYCE HOOI MITSUI Co formally put its offer for Portek International on the table with the release of its offer document yesterday, as part of its bid to beef up its transportation logistics business unit. At $1.40 a share, its cash offer for
      383 words
    • 1030 4  -  HOCK LOCK SIEW By WONG WEI KONG THE public rebuke given by the Monetary Authority of Singapore (MAS) to Global Logistic Properties (GLP) while regarded as a slight slap on the wrist by some should still serve as a wake-up call to listed firms
      1,030 words
    • 842 5  -  S’pore hotels ride on strong occupancy as IRs give structural boost to demand By KALPANA RASHIWALA CDL Hospitality Trusts, which has reported a 15.2 per cent year-on-year increase in distribution per stapled security for the second quarter, remains on the lookout for
      FILE PHOTO  -  842 words
    • 355 5  -  DPU of 0.9564 cent 8.7% higher than forecast 0.8795 cent By TEH SHI NING MAPLETREE Commercial Trust (MCT) yesterday announced a distribution per unit of 0.9564 cent for the period April 27 (its listing date) to June 30, beating its own IPO forecast of 0.8795
      355 words
    • 211 5  -  By RONNIE LIM CHINA Aviation Oil Singapore (CAOS) has inked a strategic cooperation agreement with China Development Bank Corporation (CDB) which will give the jet fuel trader access to up to US$3 billion of financing support for its future expansion, including
      211 words
    • 184 5  -  By ENYA LIM CWT Ltd’s wholly owned subsidiary Indeco Engineers Pte Ltd has entered into a conditional develop-ment-and-lease agreement with HSBC Institutional Trust Services (Singapore). The latter is the trustee of AIMS AMP Capital Industrial Reit (AACI Reit). The over $135 million
      184 words
    • 546 7  -  JPMAM’s Investor Confidence Index is at 121, as opposed to 134 in Dec 2010 By TEH HOOI LING INVESTOR confidence in Singapore, although still in positive territory, has dipped compared to late last year, the latest poll done by JP Morgan Asset Management (JPMAM) showed.
      546 words
    • 321 7  -  By CARINE LEE CHEUNG Woh Technologies said that its automotive segment, while still attractive, is facing increasing challenges due to the long working capital cycle. “This will hamper our ability to grow the business while maintaining a prudent capital structure,” it said
      321 words
    • 406 7  -  BY LYNETTE KHOO PAN Hong Property Group wants to speed up its expansion following the successful listing of its subsidiary Sino Harbour in Hong Kong. With a land bank that is sufficient for development in the next 10 years, the group hopes to accelerate
      406 words
    • 478 7  -  Logistics Reit clocks 7% q-o-q rise in DPU to 2.086 cents By MICHELLE TAN CACHE Logistics Trust’s second-quarter distribution per unit (DPU) of 2.086 cents beat last quarter’s DPU of 1.952 cents by 6.9 per cent and also scaled above the real estate investment trust’s
      478 words
  • Page 4 Advertisements
    • 323 4 SINGAPORE'S E03S11.T CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg Join us at facebook k -A 4 m 1 4 September, Level 2, Meeting Rooms 208-209 1EX Smart Digital Empowerment Join us at PlayTestOComex to better understand technologies that really matter. MIAIIUI Log on to www.olavtest.sg for more details on talks, prizes and schedule.
      323 words

  • Page 5 Advertisements
    • 95 5 Investment^Trends Singapore's Best CFD provider for Customer Satisfaction r 1 i IG Markets ranked first for overall customer satisfaction.* Clients praised our value for money and tight spreads. We also ranked first for our easy-to-use platform and professional charts. Find all you need to get started at igmarkets.com.sg or call
      95 words

  • SINGAPORE MARKETS
    • 617 6  -  Strong showing by Genting S’pore provides strong support for a volatile Straits Times Index STOCKS VEN SREENIVASAN Senior Correspondent FINANCIAL markets continued to trade nervously as US debt negotiations dragged on with no apparent resolution in sight even as the Aug 2 deadline for raising the
      Source: Bloomberg  -  617 words
    • 4 6 DAILY
      4 words
    • 66 6 Jul 27 VALUE CLOSE BT OB/OS 136.00 -70.00 BT CADI -*****.00 +41.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 743.28 -1.67 FTSE ST Small Cap 525.00 +2.02 FTSE ST All Share 776.51 +1.25 FTSE ST China Top 250.30 +0.71 FTSE ST China 288.47 +0.37 FTSE
      66 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 0 0 8 6 2 Manufacturing 63 52 45 8 6 6 71 58 51 Commerce 27 15 17 6 4 2 33 19 19 Tpt/Stor/Comms 15 14 12
      186 words
    • BROKERS’ TAKE
      • 420 6 July 27 close: $1.51 OCBC Investment Research, July 27 OSIM International reported its Q2 2011 results with revenue increasing 6 per cent y-o-y to $138.6 million, thanks to broad-based sales growth from the launch of new innovative products. We are further encouraged by the y-o-y increase in revenue
        Source: Bloomberg  -  420 words
      • 310 6  -  Compiled by CONRAD TAN July 27 close: $2.92 DMG Partners Research, July 27 With Keppel Land’s divestment in key assets One Raffles Quay and Marina Bay Financial Centre Phase 1 reducing office exposure to about 34 per cent, we highlight Overseas Union Enterprise as a key pick
        Source: Bloomberg  -  310 words
      • 138 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        138 words
    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,558 37,558 73,215 73,215 Manufacturing 295,943 28,938 324,881 260,083 1,425 261,508 Commerce 108,392 9,896 118,288 103,177 2,025 105,202 Tpt/Stor/Comms 174,680 7,445 182,125 239,052 910 239,962 Finance 25,905 8,905 34,810 193,935 2,583 196,518 Construction 129,386 19,401
      123 words
    • 110 6 Stock name Close Change CapMallsAsia 1.440 +0.005 CapitaLand 2.950 +0.020 CapitaMall 1.890 -0.025 CityDev 10.590 -0.200 ComfortDelGro 1.445 DBS Grp 15.320 +0.220 F&N 5.970 -0.050 GLP 2.000 Genting SP 1.920 +0.110 Golden Agri 0.715 -0.005 HK Land 6.600 -0.050 JMH 57.700 -0.300 JSH 33.530 -0.730 Jardine
      110 words
    • 466 6 CURRENCIES AFP [LONDON] The US dollar steadied against the euro yesterday as investors paused for breath after the greenback had sunk to a three-week low point against the single currency on US debt strains. In London deals, the European single currency stood at US$1.4495
      AFP; XINHUA  -  466 words
    • 60 6 VOLUME Genting SP 289,930,000 *Genting HK US$ 46,804,000 TigerAir 45,450,000 PSL Hldgs 38,855,000 Golden Agri 37,584,000 Yongnam 37,360,000 Sunmoon 29,902,000 Lian Beng 28,259,000 GentingSMBLeCW*****4 24,228,000 HPH Trust US$ 23,809,000 VALUE($) Genting SP 547,904,920 Wilmar 97,007,870 DBS Grp 88,603,827 UOB 56,947,790 TigerAir 55,499,195 Keppel Corp 48,352,440 OCBC Bk
      60 words
    • 116 6 BY CENTS CLOSE UP DBXT iBoxxSvEu 5US$ ***** 602.4 2.1 GLD 10US$ ***** 124.8 0.7 DBS Bk 4.7% NCPS 100 ***** 90.0 0.9 UOB.ES.1107 2053 88.0 4.5 DBXT MSINDO 10us$ 1700 43.2 2.2 DBXT FTChina25 10US$ 3160 42.0 1.1 Asia Pac Brew 2800 40.0 1.4 DBXT MSEurope 10US$ 4874
      116 words
    • 119 6 BY CENTS CLOSE DOWN JSH 3353 -87.6 -2.1 DBXT Nifty 10US$ ***** -76.8 -0.5 JMH 5770 -36.0 -0.5 DBXT MSINDIA 10US$ 1036 -22.8 -1.8 CityDev 1059 -20.0 -1.9 DBXT MSTHAI 10US$ 1821 -18.0 -0.8 Lyxor China H 10US$ 1601 -18.0 -0.9 Keppel Corp 1111 -17.0 -1.5 LungKee 52 -9.0
      119 words
    • 5 6 DAILY
      5 words

  • Page 7 Advertisements
    • 211 7 i\ <% V',. I T jl1 *1 1 I 1 1 m j¥ tl t *«i /jl i or=rvr i f if M v.v v C A BUILDING CIVIL ELECTRICAL FABRICATION MAINTENANCE MARINE MECHANICAL PIPELINES RAIL TUNNELLING MADE&IOB 3*.< JSP*. sst 1 :t rv'l We are proud to be associated
      211 words

  • SINGAPORE NEWS
    • 581 8  -  Changes include China giving S’pore firms better access to services sector By LEE U-WEN SINGAPORE and China have completed the first review of their landmark free trade agreement (FTA), two-and-a-half years after the deal came into force. One of the biggest
      581 words
    • 592 8  -  Reports by LEE U-WEN HAVING failed in his first attempt to run for the elected presidency six years ago, Andrew Kuan a former JTC Corporation group chief financial officer is giving it another go this time round. The 57-year-old turned up at the Elections
      LIANHE ZAOBAO  -  592 words
    • 466 8 WHILE Parliament is a key platform to raise and debate issues affecting Singaporeans, there are many other avenues where views and feedback can also be brought to the government’s attention, said presidential hopeful Tan Kin Lian yesterday. One such alternative channel that
      466 words
    • 287 8  -  By MICHELLE YEO THIS year’s Workplace Safety and Health (WSH) Awards was record breaking in more than one way. Not only did it see a record of 40 applications submitted, but a record of 214 companies and individuals were also recognised
      287 words
    • 382 8  -  By MICHELLE YEO IT is never too late to embark on a career in journalism and newly minted Singapore Press Holdings scholar Kelly Tay can certainly attest to that. Ms Tay was one of six scholars who received the SPH Journalism scholarship at the
      382 words
    • 649 8  -  By MICHELLE QUAH SINGAPORE’S smaller public accounting firms must relook the way they operate and improve the quality and range of their service offerings, if they hope to survive. Many continue to depend greatly on providing the basic public accounting service of a statutory
      649 words
    • 364 8  -  By NISHA RAMCHANDANI SINGAPORE is expected to emerge the top business travel destination in the Asia-Pacific in the second half of this year, a survey has found. At 39 per cent, the city-state pipped Hong Kong by one per
      364 words

  • ECONOMY WATCH
    • 849 9 They cite swelling business inventories and lower consumer confidence Bloomberg [NEW YORK] Goldman Sachs Group Inc is among major banks cutting their forecasts for third-quarter US growth as business inventories swell and consumer confidence declines. Goldman Sachs, JPMorgan Chase Co and Bank
      Bloomberg  -  849 words
    • 538 9 Reuters [TSU, Japan] Bank of Japan board member Hidetoshi Kamezaki said yesterday that global economic growth is slowing and there is strong uncertainty about its outlook, underscoring the central bank’s heightening concern over risks stemming from a weakening US economy and Europe’s debt
      Reuters  -  538 words
    • 488 9 Reuters [SYDNEY] Australian consumer prices rose by more than expected last quarter while underlying inflation proved alarmingly high, reviving pressure for an increase in interest rates and lifting the local dollar to a 29-year peak. The Australian currency surged almost a full US cent to US$1.1063
      Reuters; REUTERS  -  488 words
    • 446 9 Reuters [BANGKOK] Thailand’s central bank said yesterday that risks to inflation outweighed risks to economic growth in Thailand and that it would closely monitor the incoming government’s fiscal policy. A new government should take office next month after an election on
      Reuters  -  446 words
  • Page 9 Advertisements
    • 69 9 Herbert Smith SMU Asian Arbitration Lecture Corruption in Arbitration: Law and Reality 4 August 2011, Thursday 5.00pm to 7.00pm (registration starts at 4.30pm) Guest Speaker: Mr Michael Hwang S.C. Michael Hwang Chambers Venue Singapore Management University Mochtar Riady Auditorium, Administration Building Level 5 81 Victoria Street, Singapore *****5 Free Admission
      69 words

  • MALAYSIA/INDONESIA
    • 606 10  -  UEM and Iskandar Investment tie up with Cisco to develop masterplan for the project By MALMINDERJIT SINGH A PLAN to transform Nusajaya, a part of Iskandar Malaysia, into a smart city with superior information and communications technology (ICT) was unveiled yesterday.
      606 words
    • 368 10 Move comes after firm revises grading methodology Bloomberg Reuters [SINGAPORE] Malaysia’s lo-cal-currency credit rating was lowered one step by Standard Poor’s after the company revised its methodology for grading sovereign debt. The long-term local-cur-rency rating was cut to A from A+, with a stable outlook,
      Bloomberg; Reuters  -  368 words
    • 456 10 Reuters [SINGAPORE] Bhakti Energi Persada, a consortium of Indonesian mining firms with the largest reserves of brown coal, will start production in 2013, and its president director urges the government to review a plan to ban exports of low-grade material. Indonesia, the
      Reuters  -  456 words
  • Page 10 Advertisements
    • 348 10 EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English) Geoff Howie (Moderator) Director Product Marketing, Sales Clients Singapore Exchange Mark Cranfield FX Strategist, Dow Jones David Cohen Director of Asian Economic Forecasting, Action Economics Kevin Scully Executive Chairman Founder, NRA Capital Panel Discussion on 美亚洲荣 Zheng Wei
      348 words

  • GREATER CHINA/INDIA
    • 537 11 Bloomberg [MUMBAI] Diamond traders in Mumbai, the world’s largest shippers of precious stones, are hastening plans to relocate to a new building after the main trading hub was the target of the biggest terrorist strikes on the city since 2008. “Our security
      Bloomberg  -  537 words
    • 742 11 Strongest launch this year for HK IPO of more than US$500m Reuters [HONG KONG] China’s top hypermarket operator Sun Art Retail Group Ltd surged as much as 43 per cent on its trading debut yesterday following a US$1.1 billion Hong Kong initial public
      Reuters; BLOOMBERG  -  742 words
    • 603 11 Reuters [BRUSSELS] ArcelorMittal, the world’s largest steelmaker, forecast a seasonal dip in the third quarter, but said that demand from China and the car industry should indirectly ensure no repeat of last year’s sharp slowdown. The company, which makes 6 to 7 per cent
      Reuters  -  603 words
  • Page 11 Advertisements
    • 350 11 CENTRAL LONDON RIVERSIDE DEVELOPMENT 1 I Mill A SB RIVERSIDE QUARTER™#" First Release in Asia PRICES £360,000 THE DIPLOMAT ROOM, THE ST. REGIS SINGAPORE, 29 TANGLIN ROAD SINGAPORE *****1 SAT 30™-SUN 31 5T JULY 2011, 11AM-7PM e Hammersmith South Kensington e Sloane Square Saatchi Gallery Chelsea ■I Fulham Broadway -O"
      350 words

  • FOCUS: US DEBT WOES
    • 751 12  -  Faced with low taxes, high health costs and a gridlocked political system, the US is hobbled in ways others are not, writes PAUL WISEMAN writes PAUL WISEMAN AP [WASHINGTON] WEALTHY countries all over the world are dealing with debts and strained budgets as they
      AP; AFP  -  751 words
    • 746 12 It says doing so to avoid a default would be ‘deeply disruptive’ to the economy Reuters Reuters [NEW YORK] Prioritising US debt payments to avoid a default would be “deeply disruptive” to the economy, Standard Poor’s global head of sovereign ratings said in an
      Reuters  -  746 words
    • 427 12 Bloomberg [NEW YORK] Investors are seeking safety in the top tiers of the corporate bond market as a deadline approaches for the United States to avoid a sovereign default. Debentures from Wal-Mart Stores Inc, the largest retailer, and Paris-based utility EDF SA, both rated
      Bloomberg  -  427 words
  • Page 12 Advertisements
    • 432 12 cP NOTICES CITYNEON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3628E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting (“EGM”) of Cityneon Holdings Limited (the “Company”) will be held at Cityneon Design Centre, 84 Genting Lane #06-01 Singapore *****4 on
      432 words
    • 46 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY Art thou ready? >A 1 m m Singapore has 20 exhibitions showcasing Indian art slated for this year itself KAJAL MAKES J jm HER BOLLYWOOD BK DEBUT iBIb^ GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      46 words

  • WORLD
    • 458 13 European Central Bank expected to keep interest rates on hold AFP [FRANKFURT] Growth of the euro zone’s money supply eased markedly in June, the European Central Bank said yesterday, a development likely to keep interest rates on hold for the foreseeable future.
      AFP  -  458 words
    • 421 13 It sets aside 620m euros to cover mis-selling claims Reuters [MADRID] Spain’s Banco Santander SA cleaned up its balance sheet yesterday ahead of an expected flotation of its British unit, taking a one-off charge against insurance mis-selling claims in Britain. In an
      Reuters  -  421 words
    • 429 13 Reuters [NICOSIA] Moody’s cut Cyprus’s credit rating by two notches yesterday, saying an energy crisis and fallout from its banks’ exposure to Greek debt risked derailing fiscal reforms, and a further downgrade was possible. The rating agency also cut its growth outlook
      Reuters; AP  -  429 words
    • 662 14 Supply will be 9.2% short if all its nuclear reactors are shut: media reports Reuters [TOKYO] Japan could face a power shortage of more than 9 per cent next summer if all its nuclear reactors are shut, media reported yesterday. Public concerns about
      Reuters  -  662 words
    • 380 14 AFP [DUBLIN] Shareholders in Allied Irish Bank (AIB), once Ireland’s biggest lender, voted overwhelmingly on Tuesday for a multibillion euro state bailout that will leave the government owning 99.8 per cent. “The recapitalisation resolutions at the extraordinary general meeting were passed by
      AFP; BLOOMBERG  -  380 words
    • 176 14 Reuters [FRANKFURT] German car and truck maker Daimler’s second-quarter revenues fell short of expectations, indicating that demand for cars in emerging markets may be starting to cool. Second-quarter revenues rose about 5 per cent to 26.34 billion euros (S$45.8 billion), Daimler said yesterday, missing an
      Reuters  -  176 words
    • 589 14 Reuters [WASHINGTON] Banks must hold only top quality capital in their core safety buffers, Britain’s financial services minister said on Tuesday in a veiled warning to Germany and other European Union partners not to dilute new rules. Mark Hoban said that there was no
      Reuters; BLOOMBERG  -  589 words
    • 410 14 Reuters [NEW YORK] Many of the world’s leading steelmakers warn that profits in the second half of this year will be hurt because of the slow economic recovery, along with lower steel prices and higher raw material costs. Two American steel producers,
      Reuters  -  410 words
    • 264 14 Reuters [DEARBORN, Michigan] Ford Motor Co’s profit held up well in a second quarter marked by the impact of Japan’s earthquake, the shaky US economy and high commodity costs, but the carmaker remained cautious about consumer demand going forward. Ford, the only US carmaker
      Reuters  -  264 words
    • 836 15 Public opinion about elected officials is already ‘relentlessly negative’: think-tank AP [WASHINGTON] There’s been risque tickling. Raunchy twittering. Emailed photos. Stolen sex tapes. And more. Seems like sex scandals involving Washington politicians are piling up faster than the federal debt. Now, in the
      AP; AFP/AP/REUTERS  -  836 words
    • 720 18 Yield relative to benchmark German bunds increase Bloomberg [LONDON] Italian and Spanish government bonds slumped, increasing the yield relative to benchmark German bunds, on speculation that Europe’s aid package may not be sufficient to prevent contagion. German bonds rose for a
      Bloomberg; AP  -  720 words
    • 460 18 Bloomberg Reuters [ATHENS] Bank of Greece Governor George Provopoulos called on the government to exceed its budgetcutting targets to restore investor confidence in the debt-ridden nation. The European Union’s second rescue package for Greece provides “breathing space” that should be used “not only to
      Bloomberg; Reuters  -  460 words
    • 446 18 Bookings for goods meant to last at least 3 years post surprise 2.1% fall LATEST US DATA Bloomberg [WASHINGTON] Orders for US durable goods unexpectedly dropped in June and inventories climbed at the slowest pace in a year, evidence that companies lost confidence
      Bloomberg  -  446 words
    • 306 18 Bloomberg [LONDON] BHP Billiton Ltd, the world’s largest mining company, may spend US$27.4 billion expanding its Olympic Dam copper, gold and uranium mine in South Australia state, according to Deutsche Bank AG. “This will be a significant investment requiring a substantial upfront spend,
      Bloomberg  -  306 words
    • 292 18 Bloomberg [HELSINKI] Nokia Oyj, the world’s biggest maker of mobile phones, had its debt rating cut to two steps above junk by Moody’s Investors Service, which cited “a severe weakening” of the Finnish company’s market position. The senior debt rating was
      Bloomberg  -  292 words
  • Page 13 Advertisements
    • 98 13 VISION FOR TIMELESS LUXURY LIVING. ENVISIONING TODAY AND TOMORROW. TO PARTNER, TO INSPIRE, AND TO REALISE THE REGIONS ICONIC DEVELOPMENTS. ST. REGIS RESIDENCES M» THE PROMONT AT CAIRNHILL CIRCLE ♦M CENTRAL AT CLARKE QUAY THE SHOPPES AT MARINA BAY SANDS ♦M THE MARQ AT PATERSON HILL THE CLIFF AT MCCALLUM
      98 words

  • Page 14 Advertisements

  • Page 15 Advertisements
    • 23 15 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sq. MATS NOTICES
      23 words
    • 82 15 NANYANG TECHNOLOGICAL \fi®v UNIVERSITY Centre for Continuing Education y r Maritime Masterclass The Changing Sea-Scape: Issues concerning the maritime industry This Masterclass seminar provides an insight on the current economic, environmental, security piracy issues of the global maritime industry. The programme includes important topics in shipping and background knowledge on
      82 words
    • 1273 15 :*ATci NOTICES 0 ICICI Bank (Incorporated in India) Registered Office: Landmark, Race Course Circle, Vadodara 390 007. Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai 400 051. Balance Sheet at March 31, 2011 in '000s Profit and Loss Account for the year ended March 31, 2011 in '000s Note: The
      1,273 words

  • Page 16/17 Advertisements
    • 1486 16/17 ADVERTISING FEATURE This 1.3 million square foot office building sets the benchmark for Singapore's new financial district. The 'Human Building' designed for occupiers to Work, Play, Live and Grow. The Marina Bay district is rapidly becoming Asia's premier business location. With MGPA completing its first of 2 iconic towers, the
      1,486 words

  • Page 18 Advertisements
    • 58 18 Heartbeat Of The Indian_ Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. t a a COMMUNITY he*K tbE *I PRIME TIME smppo"* MOpOT an iw w masa koM* -r,rnrssz cs For more
      58 words
    • 8 18 Second localbeerbrand Dester hopestobecome ahouseholdname likeTiger Dester?? Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      8 words
    • 383 18 MATS NOTICES HOTEL PROPERTIES LIMITED Company Registration Number *****0348Z (Incorporated in Singapore) LOST SHARE CERTIFICATE The undermentioned share certificate has been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Estate of Lim Geok Joo, Deceased *****G 1 x 1,000 NOTICE IS HEREBY GIVEN that new share certificate
      383 words

  • AVIATION
    • 338 19 Company expects deliveries to total 25-30 Dreamliners and 747-8s this year AFP AFP [SEATTLE] Boeing Co’s sec-ond-quarter profit beat analysts’ estimates, buoyed by higher commercial sales, and it increased its forecast for full-year earnings. Net income rose 20 per cent to
      AFP  -  338 words
    • 234 19 Bloomberg [SEATTLE] General Electric Co agreed to modify engines on Boeing Co’s 787 Dreamliner by the end of 2012 to stop fuel-vapour leaks, avoiding the possibility of further delays to the new plane. The package of enhancements will be retrofitted to all the planes already
      Bloomberg  -  234 words
    • 396 19 Reuters [SYDNEY] Tiger Airways is working with Australia’s aviation regulator towards the resumption of domestic flights in the country by early August, a source said yesterday, after its flights were grounded more than three weeks ago on safety concerns. Australia’s Civil Aviation
      Reuters; REUTERS  -  396 words
    • 244 19 Reuters [BEIJING] A new airline for China’s Tibet region began operations on Tuesday, state media said, part of government plans to boost development and raise incomes in the remote area. Tibet Airlines will initially serve Tibet’s growing number of airports as well as
      Reuters  -  244 words
    • 3281 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 EY473 1955 NH6369 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820
      3,281 words
    • 362 19  -  It upgrades facilities after seeing big rise in passengers By VEN SREENIVASAN [SINGAPORE] Changi Airport Group and Jet Quay Pte Ltd have inked a three-year extension of the latter’s tenancy to operate the JetQuay CIP (Commercial Important Persons) Terminal
      362 words
  • Page 19 Miscellaneous
    • 351 19 CRYPTIC CROSSWORD Across 1 Summaries given when astronaut returns (6) 4 River-crosser wants tea before getting on (6) 8 Doctor needs to make room for a break (3) 10 Accurate recipes for cooking (7) 11 Salad plants —-I have put in odd bits (7) 12 Name a place that’s dirty
      351 words

  • 3728 20 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMRISE Muscat/Sharjah/Doha/Dammam JIMFLUSH
    3,728 words
  • Page 20 Advertisements

  • SHIPPING/AVIATION
    • 474 21 Rise comes on pick-up in trade in Middle East, other emerging economies AP [DUBAI, United Arab Emirates] DP World, the Dubai port operator, said on Tuesday that cargo volumes at its docks rose 11 per cent in the first half of the year as
      AP; BLOOMBERG FILE PHOTO  -  474 words
    • 278 21 SGX '000 Jul 27 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.26 -0.01 58 Cosco Corp 1.83 0.02 ***** CWT Ltd 1.32 0.01 1477 Ezra Hldgs 1.27 0.01 8505 First Ship Lea 0.35 unch 324 Freight Links 0.06 unch 200 Grand Banks unch unch 0
      278 words
    • 279 21 Bloomberg [LONDON] A glut of oil tankers competing to carry two million barrel cargoes of Middle East crude shrank in the past week. The surplus of very large crude carriers (VLCCs) seeking Persian Gulf cargoes shrank 2.5 percentage points to 12.5 per
      Bloomberg  -  279 words
    • 465 21 Bloomberg [LONDON] BAA Ltd, the owner of London’s Heathrow and Stansted airports, narrowed its first-half loss as traffic was spurred by growth in emerging markets and an alliance between British Airways (BA) and American Airlines. The net loss at the two
      Bloomberg  -  465 words
    • 626 21 It will set up an agency to invest in port construction Reuters [NEW DELHI] India is on track to award 23 contracts for port expansion worth US$3.8 billion this fiscal year, as Asia’s third-largest economy turns the corner on funding a sector crucial to
      Reuters  -  626 words
  • Page 21 Advertisements

  • EDITORIAL & OPINION
    • 489 22 EDITORIAL CREDIT rating agencies were vilified during the great financial crisis of 2008 for awarding the highest ratings to complex structured debt securities linked to sub-prime mortgages, which subsequently and famously collapsed in value. Today, as the world frets about the debt crises in
      489 words
    • 848 22  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE Hindi film industry, centred in Mumbai, is unique. It is one of the few industries in a developing economy that has survived
      848 words
    • 907 22  -  Lagarde skates very lightly around issue of reform of international monetary system ANTHONY ROWLEY Tokyo Correspondent WHAT kind of “new IMF” can we expect under the institution’s first-ever female managing director, Christine Lagarde? Those looking for an answer to this question from
      BLOOMBERG  -  907 words
    • 1391 23  -  It’s again at 100% of GDP; two decades of high economic growth should have made it possible to save for rainy days By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow, Institu te of Southeast Asian Institute, Singapore, and adjunct professor, Singapore
      AP  -  1,391 words
    • 829 23  -  By PAUL SHEARD The writer is global chief economist at Nomura E VENTS surrounding the decisions taken on Sunday by the heads of state or government of the euro area and EU institutions “(reaffirming their) commitment to the euro and to do
      AFP  -  829 words


  • SINGAPORE STOCKS
    • 8362 24 Transaction date: Jul 27 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 21 13.2 8Telecom 14.5 13.5 15.5 7.8 4.2 3 69.4 12 4.5 A-Sonic 6.8 unch 10 6.8 6.8 6.6 6.8
      8,362 words
    • 1569 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 34 20.5 t 800 Super 21 +0.5 5400 21.5 20.5 20.5 21 7.2 37.5 5.5 3.7 t AA Grp 3.7 3.6 4 17.6 3.6
      1,569 words
    • 9978 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.15/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.72/ Aberdeen Asset Mgt Asia Limited American Opp 0.6401/ Asian Credit Fund
      9,978 words
    • 230 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 $mil 56 34 AVJennings A43 43 49.5 3.6 8.1 3.4 112 55 22 Genting HK US$ US45 +3 ***** 45 42 44.5 45 2963 21 10 OGL Resources
      230 words
    • 879 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 $mil 124 108 ABF SG Bond ETF 113.5 +0.2 22 115.3 113.5 113.5 115.5 518.1 1207 890 CIMBAsean40 100US$ US1100 -3 0 1100 1100 1121 1133 44
      879 words


  • FINANCE & COMMODITIES
    • 374 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 26 Index Change Change Change Change Change Change World Index Preliminary 912.7 -0.1 1.7 -0.1 -1.4 0.2 5.0 EAFE Preliminary 778.5 0.1 -2.8 0.5 -2.6 0.8 3.7 Europe Preliminary 1145.2 -0.2
      374 words
    • 77 26 CRUDE OIL PRODUCTS Jul 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.37 0.10 WTI (Near Mth) 99.51 0.39 Dubai (1-Mth F) 112.37 0.16 Tapis blend 122.92 -0.42 Minas 118.92 -0.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.83 0.33 Jet Kerosene 131.75 0.25 US$/barrel Opec Oil
      77 words
    • 160 26 Jul 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 60 184 Sep 11 490.0 490.0 490.0 10 394 Oct 11 493.5 493.5 493.5 20 421 Nov 11 424 Dec 11 533 Jan 12 259 Feb 12
      160 words
    • 51 26 As on 26 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4499 1.4392 1.4474 1.4312 Aust-US Dollar Sep-11 1.0852 1.0845 1.0849 1.0769 BASE METALS Copper Cash Sep-11 9880 9763 9862
      51 words
    • 107 26 Jul 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1383.00 1365.50 1384.00 1363.00 Sep 11 1380.25 1364.50 1381.50 1362.75 Nov 11 1388.75 1372.00 1390.00 1369.25 Jan 12 1398.50 1382.00 1399.50 1379.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 56.59
      107 words
    • 81 26 Jul 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27.10.2011 0.23 1-Year BY*****X 02.05.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.85 103.87 103.87 5-Year N*****0W 1.125 01.04.2016 102.13 102.25 102.20
      81 words
    • 451 26 Jul 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6450 0 3339 Dec11 99.5300 0 2503 Mar12 99.4800 0 1553 Jun12 99.4250 0 2013 EUROYEN TIBOR FUTURES Sep11 99.6600 0 1176 Dec11 99.6600 0 1478 Mar12 99.6575 0 1823 Jun12 99.6550 0 1374 Sep12 99.5850
      451 words
    • 121 26 As at 9am Jul 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.361 1.284 Can dollar 1.297 1.248 Euro 1.778 1.71 Sterling pound 2.013 1.936 NZ dollar 1.078 1.027 US dollar 1.218 1.172 Local dollars to 100 units of foreign
      121 words
    • 27 26 Jul 27 Open High Sett STI Jul 3194 SIMSCI Jul 368.5 371.1 371.0 Taiwan Jul 308.1 310.0 308.7 Source: MF Global (S) Pte Ltd
      27 words
    • 2619 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 22.5 1 150 21 6.31 34 ASJ Hldgs W*****1 0.5 1 4 7 8.40 7 AlliedTech W*****2 1.7 1 4 28 Asia Water Tech Ltd W*****8 2.6 -0.2
      2,619 words
    • 177 26 Jul 27 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.30 0.20 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75 0.55 12
      177 words
    • 462 26 Jul 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 7.127 0.764 8.618 48.698 93.907 0.859 11.615 3.253 1.263 95.710 46.580 1.328 7.360 0.885 31.841 32.869 0.674 1.106 Canada 0.959 6.837
      462 words
    • 85 26 Jul 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 137 26 Jul 27 GOLD (US$/oz) Jul 27 Jul 26 Hong Kong 1625.00 1615.20 Jul 26 Jul 25 London 1611.50 1616.09 1612.27 1616.90 Source: Thomson Reuters CAST BAR Jul 27 (S$) Selling Buying Kilobar 97,218.00 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 63 5gm 428 314 10gm 764
      137 words
    • 69 26 Jul 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2627.00 2592.50 3 months 2650.00 2620.00 Copper, Grade A (US$/tonne) Cash 9798.00 9633.00 3 months 9820.00 9655.00 Lead (US$/tonne) Cash 2700.25 2654.00 3 months 2720.00 2375.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 154 26 Jul 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3271 1.3288 1.1059 1.1064 Canadian dollar 1.2731 1.2748 1.0609 1.0615 Euro 1.7375 1.7392 1.4479 1.4481 NZ dollar 1.0508 1.0520 0.8757 0.8759 Sterling pound 1.9698 1.9718 1.6415 1.6418
      154 words
    • 22 26 Jul 27 S$ Bid Offer 1-month 1.1999 1.2009 2-months 1.1998 1.2009 3-months 1.1997 1.2007 6-months 1.1990 1.2000 Source: OCBC
      22 words
    • 65 26 Jul 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3130 3130 3132 3127 75 2904 Sep 11 3132 3133 3138 3122 1565 ***** Oct 11 3132 3130 3138 3122 8253 ***** Nov 11 3131 3132
      65 words
    • 81 26 Jul 26 COCOA (£/tonne) Close Prev High/Low Sep 11 1873 1870 1879/1856 Dec 11 1905 1900 1910/1887 Mar 12 1926 1921 1932/1910 May 12 1936 1929 1944/1918 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2128 2105 Sep 11 2173 2150 2200/2123 Nov 11 2200 2171 2227/2152 Jan 12 2204
      81 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 843 27  -  Media Development Authority’s deal in China gives Singaporean games access to 60 million gamers in that country, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY THE Media Development Authority of Singapore (MDA) and Singapore’s Cybersports and Online Gaming Association (Scoga) have partnered China
      843 words
    • 604 27  -  By VICTORIA HO TELCOS in Asia are presented with tremendous growth prospects, and, in order to compete, are aggressively adopting high-tech metrics to measure customer satisfaction. The industry is also becoming more discerning about the different ways in which to measure their business,
      604 words
    • 1047 27  -  An education in ‘business sense’ is a must for researchers, says NanoWorld’s CEO <the bizit interview> By ELIZABETH SU WHEN Manfred Detterbeck decided to start a company, he realised he needed several key components in place. First was some money. Secondly, he needed a clean
      1,047 words
    • 278 27 Bloomberg [SEOUL] Samsung Electronics, the world’s second-larg-est handset maker, may have surpassed Nokia and Apple in smartphone sales in the second quarter, driven by the popularity of An-droid-based models, according to Boston-based Strategy Analytics. Samsung is estimated to have sold between
      Bloomberg  -  278 words

  • PROPERTY
    • 554 28 Trust’s target is to have 80% of portfolio in S’pore, remaining in China Reuters [SINGAPORE] Ascendas Real Estate Investment Trust’s (A-reit) Singapore industrial properties will continue to make up the bulk of its portfolio even as it hopes to grow its China assets to
      Reuters  -  554 words
    • 417 28  -  Tender for the detached house closes on Aug 31 By NICHOLAS YEO [SINGAPORE] A detached house at No 10 Andrew Road has been put up for sale by tender by Credo Real Estate. Nestled in the Caldecott Hill Estate Good
      417 words
    • 1541 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 29/06/2011 99 1195 2450 2050 The Sail Marina Bay Apt
      1,541 words
    • 444 29 Leases at 2-year low as global economic fears deter some firms from moving Reuters [LONDON] The amount of new office space leased in London’s financial heartland fell to a two-year low, with global economic fears deterring some firms from moving and rattling others such
      Reuters  -  444 words
    • 222 29 Reuters [SHANGHAI] Authorities will inspect home sale plans from real estate developers and may reject applications if they find prices to be “unreasonably” high, in its latest effort to fight rising house prices. The move, which was announced on the Shanghai government’s housing
      Reuters  -  222 words
    • 368 29 Xinhua [HONG KONG] Hong Kong’s Kai Tak Development Area will provide land for housing starting from 2013, and the government will continue to supply housing land in developments throughout Hong Kong, Permanent Secretary for Development (Planning and Lands) Thomas Chow said here on
      Xinhua; BLOOMBERG  -  368 words
    • 218 29 Bloomberg [SYDNEY] Australia’s capital city office values will rise 1.6 per cent in the coming year as buoyant tenant demand helps overcome a “soft patch” for commercial property, a National Australia Bank Ltd (NAB) survey showed. NAB’s commercial
      Bloomberg  -  218 words
    • 309 30  -  By TEH SHI NING [SINGAPORE] Ascott Residence Trust has received provisional permission from the Urban Redevelopment Authority (URA) to redevelop Somerset Grand Cairnhill Singapore into an integrated hotel-and-resi-dential development. The terms and conditions of the outline planning permission (OPP) include the rezoning
      309 words
    • 602 30  -  Jem is expected to be the heart of the new commercial hub in the west By NICHOLAS YEO [SINGAPORE] Lend Lease unveiled its latest suburban mall, Jem, in Singapore yesterday. The property firm hopes that Jem will become the “gem” at the heart
      602 words
    • 304 30 [SINGAPORE] Luxury residential prices in Singapore stayed flat in the second quarter as buyers remained cautious after recent tightening measures by the government, said Jones Lang LaSalle (JLL) yesterday. According to a report from the property consultancy, prices
      304 words
    • 270 30  -  By EMILYN YAP [SINGAPORE] The government is releasing a private residential site at Upper Serangoon for sale via tender today and market watchers expect to see moderate demand for it. The plot, at Upper Serangoon Crescent/Upper Serangoon Road, has a 99-year lease which
      270 words
    • 557 31  -  Ho Bee understood to have sold three office floors at Samsung Hub By KALPANA RASHIWALA [SINGAPORE] The strata commercial property market continues to buzz. A Guthrie GTS and Sun Venture Property tie-up has sold seven strata shop units at The
      557 words
    • 459 31  -  By KALPANA RASHIWALA [SINGAPORE] 137 Market Street, the spruced up former Bank of East Asia Building, is about 35 per cent leased or under offer to potential tenants. Monthly rental rates in the 16storey office block are said to be going for
      459 words
  • Page 28 Advertisements
    • 45 28 Residential Sales Come home to your dream address Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6836 6888 savills.com Search with us at resident ia I .savills. com .sq savills AGENCY NO. L*****87F
      45 words

  • Page 29 Advertisements
    • 152 29 Brand New retail/office 1 min walk to Tanjong Pagar MRT 1st 2nd floor Gd frontage, high visibility •172 to 3,337 sf contact 9090 2222 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATci NOTICES PENTHOUSE OFF ORCHARD RD FOR SALE sc Floor Area: 4,951 sq
      152 words
    • 158 29 Buying or selling your property? Call me for a no obligation, private confidential discussion. Alexs Chua *****888 R*****9A f} I vhfii'toi, t\ "tdtiofl to .to. a U ,tt N STRATA RETAIL FLOOR ATTRACTIVE BULK PURCHASE OPPORTUNITY THE ADELPHI 999 year land tenure Total strata area: 32,151 sq ft Vibrant precinct
      158 words
    • 118 29 MESGyver Professionals You Trust* PRIME DISTRICT 10 11 BUNGALOWS FOR SALE I CORONATION UNIVERSITY RD... HENRY PARK NAMLY MARGOLIOUTH... 4400 4750 sqft 5000 sqft 5600 sqft ...6000 11,400 sqft 7300 sqft TREVOSE almost new 7600 sqft HOLLAND GROVE 8200 sqft CHANCERY quaint 9000 sqft EDEN PARK tranquil 9400 sqft CORONATION
      118 words
    • 171 29 Freehold Prime Residential Site in D10 (Crystal Tower) Raffles Singapore Town Chinese Girls' AngloClub Sch Chinese Sch BU KIT TIMAH RD <BARKERRD) G Stevens e> f ETVE BOONS Subject Site O Balmoral Plaza The pin es Goodwood Residences RB Blrfl Newton Q Newton MRT Circus Sheraton Towers A. O O
      171 words

  • Page 30 Advertisements
    • 323 30 BUILDING WEALTH THROUGH STRUCTURED PROPERTY INVESTMENT INCOME GENERATING ASSESTS Benefit from secure and regular income returns plus long-term asset appreciation LONDON Landmark Commercial bldgs with 5.11 6% returns after cost. Hotel Investment 50 -1 OOrms hotels in Central London SINGAPORE Commercial Buildings in CBD $150m to $400m Bloc sales of
      323 words
    • 270 30 New Exclusive Projects y Rare gem Jalan Sultan, 2 Storey with Mezzanine y 15 units Conservation Shop houses fully restored y 99 Leasehold (Build-in 32,993sqft, Land 15,196sqft) y Selling Enbloc with land and building y Suitable for Retail, Office, F B and Hotel Call Billy 9230 9575 for more details.
      270 words
    • 119 30 For Sale ByTrustees GCB At Andrew Road Land 11,357 sq ft; Freehold Rectangular; Double frontage For Sale by Trustees/Executors Zoned Good Class Bungalow Opposite MacRitchie Reservoir Pk Ideal for Permanent Residents with approval to purchase for own stay Tender Closing on 31stAugust 2011 (Wed), 2.30pm Irinn Lee (Ms) irinn@credo.com.sg (CEA
      119 words


  • Page 32 Advertisements
    • 398 32 ATTITUDE ALTITUDE. «c r, r:-, K r A ffl in '■pi WH II XI? >#11K aJ* i J t- i -iii 3 7m rfi iB 1 w jdSii K -V.v' I r? ;'j 'r 1 mk» mmm-i* gft'"v= f p-jr.S 'MBBS 5 srra J .a.» -«flt S55P TP 'I'.mJLAUiii ■MBB4
      398 words