The Business Times, 27 August 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, August 27, 2013G
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  • Article, Illustration
    Lock icon China Minzhong gets ambushed by shortseller
    1106 1  -  In a repeat of Olam saga, shortseller launches fierce attack and stock falls 48% By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] In a sharply timed attack yesterday morning, Californian shortseller Glaucus Research Group sent China Minzhong shares plunging by more than half after publishing a 49-page
    Source: Bloomberg  -  1,106 words
  • Article
    Lock icon Surcharge on multiple car ownership mooted
    680 1  -  Many also want COE categories tweaked, LTA survey suggests By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Maybe less is more after all. Nearly 80 per cent of respondents believe a surcharge should be levied on either individuals or households owning multiple cars, according to the findings
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,084.41 (-4.44) HST INDEX FUTURES 3,084.00 (-1.00) GSIMSCI 350.32 (+0.08) GSIMSCI FUTURES 349.80 (+0.60) US$ S$ US$ (S$ per US$) 1.280 (US$/S$ per 1.557 1.993 EURO (US$/S$/€ 1.337 1.712 Foreign currency per US$ S$ YEN 98.50 77.00 RM 3.307 2.583 HK$ 7.755 6.058 BAHT 31.97 24.97 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP 1,722.49 +1.42 NIKKEI 225 13,636.28 -24.27 HANG SENG 22,005.32 +141.81 SET INDEX 1,329.18 -8.95 JAKARTA COMP 4,120.67 -49.16 MANILA COMP Closed SEOUL COMP 1,887.86 +17.70 SHENZHEN B 811.61 +5.33 MUMBAI IND 18,558.13 +38.69 12noon EDT Change DOW 15,039.76 +29.25 NASDAQ 3,679.06 +21.27
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 13.304 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
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      86 1 SINGAPORE ECONOMY M-o-m output figures offer more realistic view PAGE 2 COMPANIES SPH Reit Management’s philosophy PAGE 5 PROPERTY $1,250-1,300 psf average pricing for Dairy Farm condo PAGE 27 OPINION A new Asian financial crisis in the making? PAGE 20 Inc Resonance Audio: The sweet sound of business PAGE 10
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      485 2 China Minzhong gets ambushed by shortseller IN a sharply timed attack yesterday morning, Californian shortseller Glaucus Research Group sent China Minzhong shares plunging by more than half after publishing a 49-page report accusing it of fraud and financial irregularities. FRONT PAGE Surcharge on multiple car ownership mooted NEARLY
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    • Article
      Lock icon M-o-m output figures offer more realistic view
      741 2  -  Economists say they give a better picture than July’s year-on-year growth of 2.7% By kellytay@sph.com.sg KELLY TAY kellytay@sph.com.sg [SINGAPORE] The Republic’s manufacturing sector may have out-performed economists’ expectations in July expanding 2.7 per cent year-on-year, thanks to a continued improvement in electronics output
      741 words
    • Article, Illustration
      Lock icon Beijing seeks to replicate success of S’pore-China JVs
      671 4  -  Suzhou Industrial Park, Tianjin Eco-City are among those held up as examples By JOYCE HOOI in Beijing joyceh@sph.com.sg EVEN as Singapore looks at deepening its collaboration with the far-flung areas of China, the new Chinese leadership is keen to replicate the success
      PHOTO: AP  -  671 words
    • Article, Illustration
      Lock icon Xtron director claims limited role in Crossover Project
      1006 4  -  Accused manipulated details of Xtron bond issue, prosecution attempts to prove CITY HARVEST CASE By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Throngs of faithful supporters, family members and rubber-neck-ers crowded the Subordinate Courts yesterday as City Harvest Church (CHC) pastor Kong Hee and five
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  1,006 words
    • Article
      Lock icon FTAs not beneficial to Chinese firms in M’sia: survey
      558 4  -  Most focus on domestic market and not ready for stiffer competition By PAULINE NG in Kuala Lumpur MALAYSIA’S Chinese businesses are concerned about stiffer competition under the Trans-Pacific Partnership Agreement (TPPA) as they do not think that they have benefited from
      558 words
    • Article
      Lock icon Morgan Stanley loses fresh bid to dodge Pinnacle Notes suit
      679 4  -  No ‘compelling’ reasons to dismiss fraud case: judge By GRACE LEONG By gleong@sph.com.sg [SINGAPORE] A federal judge in New York has rejected Morgan Stanley’s renewed bid to dodge a US$154.7 million proposed class action by Singapore investors of failed Pinnacle
      679 words
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      4 2 #1 Private Education Institute^
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      59 2 CTAITRONICS 39 th Taipei International Electronics Show In conjunction with IB BROADBAND TAIWAN CLOUD &IOT TAIWAN find us on i I I I Electronic Components Meters Instruments LED Batteries Industrial Equipment More information, please contact Taiwan Trade Center, Singapore: Tel: *****369 Fax: *****315 E-mail: singapore@taitra.org.tw OCT. 8-11 TWTC NANGANG Exhibition
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      41 3 RISING STARS /A BEST IN CLASS ADVANCED ENRICHMENT CLASSES ENGLISH MATHEMATICS CHINESE K 1-2 N 1-2 PRIMARY HEADSTART AND MASTERY REGISTRATIONS NOW OPEN FOR THE BEST COMPETITIVE EDGE IN SCHOOL AND IN LIFE THE LEARNING LAB JUNIOR SPRINGBOARD FOR RISING STARS
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Shoppers before tenants for SPH Reit
      515 5  -  Keeping customers happy boosts mall’s brand and demand among retailers By MINDY TAN tanmindy@sph.com.sg THE calibre of a shopping centre is defined by its toilets. The chief executive officer of SPH Reit Management, Susan Leng, is speaking from years of hands-on experience managing and
      PHOTO: ARTHUR LEE  -  515 words
    • Article, Illustration
      Lock icon Hospitality Reit a good move by F&N: analysts
      612 5  -  By KENNETH LIM kenlim@sph.com.sg FRASER and Neave (F&N) will gain an effective way to monetise its assets by creating a hospitality real estate investment trust (Reit), analysts say. But the property and beverage conglomerate may have to put more thought into designing
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    • Article
      Lock icon FJ Benjamin profit drops 68% to $4.45m
      356 5  -  By GRACE LEONG By gleong@sph.com.sg FJ BENJAMIN Holdings reported a 68 per cent drop to $4.45 million in net profit attributable to equity-holders for the financial year ended June 30 as sales in its North Asian timepiece business declined on slower economic growth
      356 words
    • Article
      Lock icon A sign of maturing of the local stock market
      661 7  -  HOCK LOCK SIEW By sivan@sph.com.sg R SIVANITHY sivan@sph.com.sg IT SPEAKS volumes about the progress the local stock market has made in the nine months since shortseller Muddy Waters attacked commodities firm Olam International that the latest shortselling attack on a Singapore
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    • Article
      Lock icon R&D tax incentive lifts Civmec’s fourth-quarter earnings
      278 7  -  By JASMINE NG jasng@sph.com.sg FOURTH-quarter earnings rose 10 per cent at engineering company Civmec, helped by a research and development tax incentive. Net profit rose to $9.2 million in the three months through June from $8.4 million a year earlier, the Australian company
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    • Article, Illustration
      Lock icon Higher M&A volumes hinge on US confidence
      638 7  -  Credit Suisse sees outlook as fairly good fundamentally By KENNETH LIM kenlim@sph.com.sg AN improving US economy could provide the key confidence boost to lift merger and acquisition (M&A) volumes out of a disappointing year so far, Credit Suisse chief executive of investment banking
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    • Article
      Lock icon Tiong Woon back in black with $18m net
      552 8  -  Higher turnover and asset disposal gains, lower forex losses lift it out of the red By VIVIEN SHIAO vshiao@sph.com.sg TIONG Woon Corporation Holding reported a net profit of $17.6 million for the financial year ended June 30, 2013, reversing a net loss
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    • Article
      Lock icon Jaya bags US$20m contract in East Africa
      329 8  -  Ship is due for delivery from Batam at end-Sept By VIVIEN SHIAO vshiao@sph.com.sg OFFSHORE energy services group Jaya Holdings has secured a contract to charter its new build DP2 Platform Supply Vessel (PSV) Jaya Vigilant in the Indian Ocean, off Mozambique. The two-year
      329 words
    • Article
      Lock icon KS Energy to set up JV firm with Pertamina unit
      293 8  -  By ANDREA SOH sandrea@sph.com.sg ENERGY services provider KS Energy is setting up a joint venture company with a subsidiary of Indonesian state-owned oil and gas firm PT Pertamina (Persero). The two firms have already successfully started operations of an offshore
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    • Article
      Lock icon Cordlife earnings up 95% at $13.5m
      289 8  -  By GRACE LEONG gleong@sph.com.sg CORD blood bank Cordlife Group saw its fiscal 2013 net profit rise nearly 95 per cent to $13.5 million from a year ago due to healthy revenue growth, strong margins and a $2.7 million one-time gain from disposal of a
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    • Article
      Lock icon Silverlake FY13 net up 21% on higher-margin sales
      273 8  -  By KENNETH LIM kenlim@sph.com.sg BANKING software provider Silverlake Axis posted a 21 per cent increase in full-year profit as a shift to higher-margin products helped to overcome flat revenue growth. Silverlake said net profit attributable to shareholders rose to RM196 million (S$75.8
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    • Article
      Lock icon GLP leases out second building in Brazil development
      218 8  -  By ANDREA SOH sandrea@sph.com.sg LOGISTICS facilities provider Global Logistics Properties (GLP) has leased 9,400 square metres of gross floor area to one of Brazil’s largest third-party logistics providers, Atlas Transporte Logistica. Atlas, which caters to industries such as pharmaceuticals, automotive parts, computers
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    • Article
      Lock icon Tougher for SMEs to cope with market uncertainty
      495 8  -  By MALMINDERJIT SINGH msingh@sph.com.sg APPARENTLY, size does matter when it comes to companies in Singapore being able to weather the storm of market uncertainty better. This year’s list of the 50 fastest growing companies here shows a record number of big companies
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      202 5 Want to realise your money’s potential? SEIZE OPPORTUNITIES NOW m m m a UOB Personal Internet Banking’s suite of services lets you take control of your savings with greater ease. Buy sell gold Start transacting with the first local bank to let you buy and sell gold online. Invest in
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI slips for eighth straight day
      568 6  -  Both blue chips and second-liners finish the session on a feeble note after a stronger start STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent BLUE chips yesterday had an indifferent session, with the Straits Times Index (STI) finishing a net 4.44 points weaker at 3,084.41, after
      Source: Bloomberg  -  568 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Aug 26 VALUE CLOSE BT OB/OS -654.00-105.00 BT CADI -*****.00 -59.00 BT 10-day MA -*****.00 -65.00 FTSE ST Mid Cap 742.05 +1.69 FTSE ST Small Cap 533.99 -7.27 FTSE ST All Share 756.21 -1.20 FTSE ST China Top 189.26 -3.43 FTSE ST China 221.81 -2.31 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Albedo 1,301,427,000 Golden Agri 254,139,000 Mirach Energy 212,607,000 Innopac 174,209,000 Albedo W*****9 162,640,000 CNA 112,549,000 Joyas 110,305,000 YHM 92,015,000 WE Hldgs 89,892,000 SingHaiyi 62,703,000 VALUE($) Golden Agri 142,318,850 Mirach Energy 111,178,485 Wilmar 86,890,520 Albedo 62,837,856 SingTel 47,918,240 Keppel Corp 45,715,715 DBS Grp 41,784,560 LionGold 40,744,525 CapitaLand
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 1 0 0 0 6 7 1 Manufacturing 39 58 34 10 5 14 49 63 48 Commerce 20 22 19 4 7 4 24 29 23 Tpt/Stor/Comms 12 16 13
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    • Article
      Lock icon BROKERS’ TAKE
      984 6  -  Compiled by KENNETH LIM Saizen Reit Aug 26 close: S$0.186 AmFraser Research, Aug 26 SAIZEN’s gross revenue and net property income increased by 9.7 per cent and 13.6 per cent, respectively, in FY2013, largely supported by its acquisitions of seven properties. For the six months ending June 30,
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,454 18,454 66,488 66,488 Manufacturing 486,179 83,477 569,656 273,235 5,603 278,838 Commerce 166,241 1,431,433 1,597,674 71,749 71,813 143,562 Tpt/Stor/Comms 112,181 17,965 130,146 106,912 7,113 114,025 Finance 198,832 3,510 202,342 152,034 1,429 153,463 Construction 85,128 110,918
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.830 -0.005 CapitaLand 3.050 -0.040 CapitaMall 1.900 +0.010 CityDev 10.010 -0.100 ComfortDelGro 1.825 DBS Grp 16.230 +0.070 GLP 2.690 -0.010 Genting SP 1.350 Golden Agri 0.565 +0.040 HK Land 6.480 -0.160 HPH Trust US$ 0.725 -0.010 JMH 55.100 -0.530 JSH 34.050
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    • Article, Illustration
      Lock icon Dollar falls after US durable goods data
      507 6 CURRENCIES Bloomberg [NEW YORK] The US dollar yesterday weakened for the first time in four days against the yen as orders for US durable goods fell more than forecast in July after three months of increases. The Bloomberg US Dollar Index fluctuated as
      Bloomberg; PHOTO: BLOOMBERG  -  507 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP DBXT Nifty 10US$ 8710 556.8 5.3 GLD 10US$ ***** 217.6 1.3 DBXT MSKorea 10US$ 5509 124.2 1.8 JSH 3405 44.8 1.0 DairyFarm 1120 34.6 2.5 DBXT MSTHAI 10US$ 1860 30.7 1.3 DBXT MSAsExJp 10US$ 3120 28.2 0.7 DBXT CSI300 10US$ 725 20.5 2.3 Cordlife 128
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    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN IS S&P500 ***** -162.6 -0.7 JMH 5510 -67.9 -1.0 IS MSCI Spore 1265 -64.0 -3.8 Lyxor AsiaRE 10US$ 938 -62.7 -5.0 Jardine C&C 3545 -55.0 -1.5 ChinaMinzhong 53 -48.5 -47.8 DBXT FTVietnam 10US$ 2234 -43.5 -1.5 DBXT MSEurope 10US$ 5358 -38.4 -0.6 DBXT MSINDO 10us$
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      306 7 InvestorRelationsHighlights Avi-Tech achieved improved financial performance and trimmed its losses Mainboard-listed Avi-Tech Electronics Limited, a total solutions provider for Burn-In, Engineering and Manufacturing Services for the Electronics and Life Sciences industries, has achieved improved financial performance and trimmed its losses in FY13. While Group revenue declined marginally by 2.9% to
      306 words
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      Lock icon Page 7 Advertisements Column 2
      203 7 Price information such as Time Sales, Market Depth and Quote Movements are often used by traders to determine the optimum point and entry and exit, so as to maximum their trading profits. These numbers in the price tools actually tells more than what you see. You can determine the optimum
      203 words
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      86 7 m Manna Bay Financial Centre Six Battery Rd Suntec Tower 3 PSA Building THE WORLD’S FINEST SERVICED VIRTUAL OFFICES Variety of offices to cater to your every need Prestigious address, dedicated receptionist secretarial support, 5 star meeting rooms boardrooms Experience world leading IT and communications technology Take advantage of flexible
      86 words
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      39 8 Find the nearest car workshop or towing service with our one-stop motoring directory. Log on to www.STCars.sg dl ,v t 9E f] STCars.SG STCarsSG I Google play B f| AppStore A product of SPH, Singapore’s Trusted Media Group STCars.s
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon A*Star event showcases advanced med-tech devices
      505 9  -  It also highlights the role medical technology can play in S’pore’s economy By MALMINDERJIT SINGH msingh@sph.com.sg IMAGINE a device that enables a personalised advanced rehabilitation regime for stroke patients. Or one that can conduct early detection of eye diseases such as glaucoma so that
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    • Article, Illustration
      Lock icon Innovating to stay ahead in building facade industry
      899 9  -  Seiko is under pressure to raise productivity amid curbs on hiring foreign workers By DORLISA SONG, GRACE ONG JIA MIN, ZHAO WEN WEI SEIKO Aluminium Architectural Wall Systems Pte Ltd has won the Enterprise 50 award for three straight years after having
      PHOTO: YEN MENG JIIN  -  899 words
    • Article
      Lock icon SingTel among 27 local Superbrands
      345 9  -  By MALMINDERJIT SINGH msingh@sph.com.sg SINGTEL’S being in a scrap with its rival StarHub in the race to bag subscribers for the English Premier League appears not to have dented the favour it enjoys among consumers in the field of telco and cable TV. It was
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    • Article, Illustration
      Lock icon Every S’porean to be a part of Golden Jubilee
      443 9  -  BY LEE U-WEN leeuwen@sph.com.sg SINGAPOREANS from all walks of life will not only have a say in deciding how the country celebrates its Golden Jubilee in 2015, they will get to help plan and organise activities leading up to the big
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  • Page 9 Advertisements
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      69 9 Celebrating Singapore´s Enterprising Spirit 2013 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Seiko Aluminium Architectural Wall Systems Pte Ltd was among the winners in 2012. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored
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      48 9 HOT PROPERTY p r w. P ,™-es 9 m 1 y n f f ti,f Yie,d No GST. S Lar P ark E" appreciation! capital LOOKING FOR GOOD INVESTMENTS? Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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      28 9 SINGAPORE'S HOT hottest pr* LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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  • SME Inc
    • Article, Illustration
      Lock icon The sweet sound of business
      1080 10  -  Resonance Audio has been through the recording sector doldrums, but has bounced back by thinking ahead, reportsNICHOLAS NICHOLAS YONG THE low point for audio business Resonance Audio came a year after the financial crisis of 2008. Bryant Hwang, now 60, and who mainly handles the
      PHOTO: YEN MENG JIIN  -  1,080 words
    • Article
      Lock icon Increasing revenues with CSR
      1557 10  -  COMMENTARY By DAVID RÖNNEGARD The writer is a senior research fellow at Insead. This article was first published on online portal Insead Knowledge (knowledge.insead.edu) IN recent years a lot has been said of the strategic virtues of Corporate Social Responsibility (CSR) in terms of its contributions
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      65 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • MALAYSIA
    • Article
      Lock icon SocGen to launch RM1b sukuk in Malaysia
      665 11 France’s secondlargest listed bank plans to issue the first tranche by Dec Reuters [KUALA LUMPUR] Societe Generale will launch a RM1 billion (S$386.7 million) Islamic bond programme in Malaysia, two sources familiar with the deal told Reuters, becoming the second major European bank
      Reuters  -  665 words
    • Article
      Lock icon Plan for Iskandar intra-city rail dropped
      350 11 Govt wants to focus on KL-S’pore high-speed rail [KUALA LUMPUR] The RM1.23 billion (S$480 million) intra-city rail line for Iskandar Malaysia in Johor, as proposed by a private party, will be scrapped, said people with first hand knowledge on the matter. This is because
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  • Page 11 Advertisements
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      470 11 v WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices REFLECT GEOPHYSICAL PTE LTD (IN LIQUIDATION) UEN *****6060Z ROflOCt Sale of Assets Onboard 3D Seismic Vessel in Singapore The Liquidator of Reflect Geophysical Pte Ltd (In Liquidation) (the “Company”) offers additional Company equipment for sale which is located on board a
      470 words
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      340 11 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF ASIA PACIFIC CIS PTE LTD (“the Company”) (Co. Reg. No. *****3769K) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 13A Mackenzie
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      243 11 In the Matter of The Companies Act, Cap. 50 And In the Matter of Starcap Medical Group Pte Ltd (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****9597N) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General
      243 words
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      505 11 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF INTERNATIONAL OIL TRADING PTE. LTD. (Co. Reg. No: *****7256G) (“Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the above-named Company, duly convened and
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      129 11 WORLD’S BEST WITH flv ’S woRHE be s I nesiH ft 2d 3 rnb er 2d 3 sep te rtiber till 1 SeP te now -30 Book Travel Perlousing ap re wdirec,f in Med an (jx Da |ly; (DaW) S e tfv) bay 3 ran9 (6X Ma^kiy) kas? ar (4X
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Signs of stable growth ‘more obvious’: China
      505 12 State statistics bureau says local govt debt also under control Reuters [BEIJING] China’s economy is showing clear signs of stabilisation, helped by policy support and some improvement in global demand, and is on track to meet the government’s 2013 growth target of 7.5
      Reuters  -  505 words
    • Article, Illustration
      Lock icon China growth can sink closer to 6%
      692 12 This will not trigger a destabilising jump in unemployment Bloomberg [BEIJING] Chinese officials shifting the economy away from exports and investment can allow growth to sink closer to 6 per cent within the next five years without triggering a destabilising jump in unemployment.
      Bloomberg; PHOTO: AFP  -  692 words
    • Article
      Lock icon Anadarko to sell 10% Mozambique gas stake to ONGC unit
      167 12 AFP [NEW YORK] Texas-based Anadarko Petroleum said it had agreed to sell a 10 per cent stake in a natural gas field off the coast of Mozambique for US$2.64 billion cash to an Indian corporation. Anadarko said in a statement
      AFP  -  167 words
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      58 12 GREAT MUSIC. GREAT FUN. TRUE CLASS. k*ISS92 All the great songs tn one place FM *.'A*u, i N 6S«f r r r r Kf SINGAPORE’S FASTEST GROWING MORNING SHCW r J r f VJ in rv/ 1 1 IN THE MORNING WEEKDAYS 6-10AM facebook.com/kiss92fm www.kiss92.sg Download the KISS92 mobile app
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  • ECONOMY WATCH
    • Article
      Lock icon Euro’s rally set to reverse as Fed prepares to reduce stimulus
      610 13 Impact of stronger economy in euro area likely to be overwhelmed Bloomberg [SINGAPORE] The euro’s rally to a six-month high after the trading bloc emerged from its long-est-ever recession is set to reverse, trading patterns show, as the impact
      Bloomberg  -  610 words
    • Article, Illustration
      Lock icon Japan may use budget reserves to help Tepco
      377 13 Reuters [TOKYO] Japan may use emergency reserve funds from this year’s budget to help Tokyo Electric Power Co, the operator of the crippled Fukushima nuclear plant, deal with escalating radioactive water problems at the site. Tokyo Electric, or Tepco, acknowledged last week
      Reuters; PHOTO: BLOOMBERG  -  377 words
    • Article
      Lock icon Greek ‘haircut’ seen triggering ‘domino effect’
      450 13 This would scare off investors in the eurozone: Merkel AFP [BERLIN] German Chancellor Angela Merkel in an interview warned that a Greek debt write-down could spark a “domino effect of uncertainty” and scare off investors in the eurozone. Mrs Merkel’s comments to Focus news
      AFP  -  450 words
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      330 13 NextMasterSeekingThe The Straits Times and Lianhe Zaobao SingaporeHawkerMasters2013 Nominate and win up to $3,000 cash! Nominate your favourite hawker and you could be one of the lucky six to win $500 cash in a draw!a Category B Chinese Rojak Now into its fourth exciting year, Singapore Hawker Masters continues to
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  • WORLD
    • Article, Illustration
      Lock icon Amgen to acquire Onyx for US$10.4b
      564 14 Move provides Amgen access to a rapidly expanding cancer market Bloomberg [NEW YORK] Amgen Inc said it will acquire Onyx Pharmaceuticals Inc in a US$10.4 billion deal that gives Amgen access to a rapidly expanding cancer market with a new product that offers sure
      Bloomberg; PHOTO: AP  -  564 words
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      Lock icon Royal KPN to sell German unit for US$11b
      541 14 Sale is backed by billionaire Carlos Slim’s America Movil Bloomberg [STOCKHOLM] Royal KPN, the Dutch phone carrier partly owned by Carlos Slim, won the billionaire’s support for the sale of its German unit for more than US$11 billion after acquirer Telefonica agreed
      Bloomberg; PHOTO: REUTERS  -  541 words
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      Lock icon Activists step up moves to take executive scalps
      795 14 Bloomberg [SOUTHFIELD, Michigan] Activist investors from Carl Icahn to Daniel Loeb and Bill Ackman are ratcheting up their campaigns, increasingly targeting America’s biggest companies and seeking the ouster of chief executive officers. Taking executive scalps has paid off for shareholders at companies
      Bloomberg; PHOTO: REUTERS  -  795 words
    • Article
      Lock icon Goldman places 4 on leave after options error: FT
      242 14 Bloomberg [NEW YORK] Goldman Sachs Group Inc has placed four senior technology specialists on administrative leave after a programming error caused the investment bank to send faulty stock-options orders last week, the Financial Times (FT) reported yesterday. The newspaper cited a
      Bloomberg  -  242 words
    • Article
      Lock icon MBK to buy ING’s S Korean insurance unit for 1.8t won
      526 15 Deal is part of ING disposal of Asian assets to comply with EU rules Bloomberg [SEOUL] MBK Partners, a buyout firm formed by former Carlyle Group executives, agreed to buy ING Groep NV’s South Korean life insurance unit for
      Bloomberg  -  526 words
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      Lock icon Baby boomers will face shortage of caregivers: study
      571 15 WP [WASHINGTON] Americans should expect an enormous shortage in caregivers for older people in the coming decades, with a dearth of friends and family members available to care for the baby boom generation as it ages, according to a report released yesterday
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    • Article
      Lock icon Yahoo Japan seeks growth in mobile deals
      443 15 It is eyeing smartphone advertising and online shopping Bloomberg [TOKYO] Yahoo Japan Corp, armed with US$4 billion in cash, is putting the nation’s smartphone advertising and online shopping companies on alert as it searches for growth at home. In the past five years,
      Bloomberg  -  443 words
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      Lock icon Start-ups gain appeal as some Japan Inc names fade
      556 16 Ventures filled with young faces are coming up; many are focusing on mfg AP [TOKYO] In a shabby back-alley office in Shibuya, a Tokyo district known for youth culture and tech ventures, defectors from corporate Japan are hard at work for
      AP; PHOTO: AP  -  556 words
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      Lock icon Durable goods see largest drop since Aug 2012
      326 16 LATEST US DATA Reuters [WASHINGTON] Orders for long-lasting US manufactured goods recorded their biggest drop in nearly a year in July and a gauge of planned business spending on capital goods tumbled, casting a shadow over the economy early in the third
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    • Article
      Lock icon Japan starts hearings on proposed tax hike
      631 16 Decision likely to be made before Apec summit on Oct 7 Reuters [TOKYO] Japan’s government kicked off a week-long series of hearings with economists, business leaders and consumer advocates yesterday that may sway Prime Minister Shinzo Abe’s decision on how to proceed with
      Reuters  -  631 words
    • Article
      Lock icon Timeout on long holidays for EU leaders
      514 16 Bloom berg [LONDON] European leaders are saying goodbye to the extended vacations that were a continental norm until the global crisis broke out in high summer six years ago. As the region’s economy labours to solidify its recovery, French President Francois Hollande has
      Bloomberg  -  514 words
    • Article
      Lock icon Rates won’t stay low for years: Weidmann
      394 16 German central bank chief also warns that crisis not over AFP [FRANKFURT] The European Central Bank is unlikely to keep its interest rates low for years, the head of the German Bundesbank said yesterday, but warned that the eurozone crisis is far from
      AFP  -  394 words
    • Article
      Lock icon New Microsoft CEO faces tough choice
      542 16 Reuters [SEATTLE] The next CEO of Microsoft has one big decision to make: press on with retiring chief executive Steve Ballmer’s ambitious plan to transform the software giant into a broad-based devices and services company, or jettison that idea and rally resources around its
      Reuters  -  542 words
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  • Page 15 Advertisements
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      147 15 ANNIVERSARY gmmmMBg p 100% USEFUL! lens. SINGAPORE'S NO. 1 MEN'S MAGAZINE 4-WEEK GYM-FREE PLAN MAXIMUM! MUSCLE SINGAPORE SEPTEMBER 2013 MENSHEALTH.COM.SG ARE YOU MHSTROHB? Ml THE muEim :-ij; BE A SEX BRAIN I AC SMARTTRICKSTO IMPRESS HER IT F S OUR BIRTHDAY... BUT THE PRESENTS ARE YOURS! In this September issue,
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  • Page 17 Advertisements
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      315 17 THE STRAITS TIMES WHEREVER YOU ARE (5r V is F r i > 4 r r _k 4 STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and pick your gift! 3-Year Rian 3-Yeor Plan is exclusive to new
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  • SINGAPORE CORPORATE AWARDS
    • Article, Illustration
      Lock icon Honours for the best managed
      1010 18  -  By KENNETH LIM kenlim@sph.com.sg CORPORATE governance took centre stage at the eighth annual Singapore Corporate Awards on Aug 7, as 33 listed companies won recognition for being among the nation’s best managed companies. The gala dinner was held at The Ritz-Carlton Millenia Singapore. Homegrown bank
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon A new Asian financial crisis in the making?
      1126 20  -  If that turns out to be the case, India in particular will be at the centre of the new storm By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the
      PHOTO: BLOOMBERG  -  1,126 words
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      Lock icon The rhythmic rise and fall of technology empires
      835 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT STEVE Ballmer’s surprise announcement that he will be resigning as Microsoft’s CEO has set
      NYT  -  835 words
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      Lock icon Ensuring unbiased research
      446 20 EDITORIAL IN the Global Analyst Research Settlements in 2003 and 2004, the US Securities and Exchange Commission (SEC) fined ten Wall Street firms and two individual analysts a total of US$875 million after an investigation into research analysts’ conflicts of interest and the preparation of biased recommendations.
      446 words
    • Article, Illustration
      Lock icon S’pore link in Israel-Asia trade ties
      1143 21  -  Israelis should adopt elements of S’pore business culture, and S’poreans may draw lessons from Israel’s sense of creativity LEON HADAR Washington Correspondent “TH E E a s t will take over” is the m a i n somewhat i f somewhat dramatic, t h
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      Lock icon Why more emphasis should be given to mental-health first aid
      800 21  -  By ANTHONY JORM The writer, a former president of the Australasian Society for Psychia tric Research, leads the Population Mental Health Group at the Melbourne School of Population Health, University of Melbourne Project Syndicate NE spring evening in 1997, when
      Project Syndicate  -  800 words
    • Article
      Lock icon SGX, it’s time to bring out the circuit breakers
      120 21 LETTER TO THE EDITOR THE Singapore Exchange needs to bring forward the long delayed introduction of “circuit breakers”, otherwise there is going to be no end to situations where share prices surge up or crash with nothing to halt the panic
      120 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Cathay Pacific unhappy with Jetstar proposal
      575 22 Allowing foreign airlines to share HK traffic rights will hurt city’s economy, it says Bloomb erg [HONG KONG] Cathay Pacific Airways Ltd, seeking to bounce back from its lowest profit in at least 15 years, said allowing foreign airlines to share Hong Kong’s traffic
      Bloomberg  -  575 words
    • Article
      Lock icon Guam debt lags as airport plans bond sale
      304 22 Bloomberg [PHILADELPHIA] Guam’s only commercial airport is selling US$247 million in debt this week as bonds from issuers in the US territory are losing more than the market for the first time since 2008. The deal from the AB Won Pat International
      Bloomberg  -  304 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 22 SGX '000 Aug 26 S$ +/-Vol CH Offshore 0.41 unch 41 Chuan Hup Hldg 0.27 0.02 984 Aug 26 s$ Ezra Hldgs 0.83 unch 1539 First Ship Lea 0.08 unch 1644 Freight Links 0.13 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd 0.61 unch 539 K1Ventures
      242 words
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      Lock icon Canadian Arctic hopes to raise C$140.8m in bonds
      889 22 Nunavut plans infrastructure link to resource markets Bloomberg [TORONTO] Canada’s northernmost territory, Nunavut, is borrowing in the bond market for the first time to revamp the capital’s airport as the Arctic region seeks to strengthen ties with the outside world and spur
      Bloomberg; PHOTO: BLOOMBERG  -  889 words
    • Article, Illustration
      Lock icon Dutch support Greenpeace ship’s Arctic oil drilling protest
      385 22 AFP [THE HAGUE] The Netherlands said on Sunday that Greenpeace’s right to peaceful protest was “indisputable” after the environmental group defied Russian authorities by deploying an icebreaker through an Arctic shipping route without permission. Greenpeace last Saturday announced that its ship, the
      AFP; PHOTO: AFP  -  385 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      317 22 CRYPTIC CROSSWORD Across 1 Not paying attention when former PM returns (6) 5 Scary wild dog almost trapping relation (8) 9 Plant may crush them in order to protect name (13) 10 A bit roughly, I beg your pardon (8) 11 Quite a bit! (6) 12 Common sense’s beginning for
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  • Article
    Lock icon SHIPPING TIMES
    1272 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      38 23 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 IAI Si H S3IAIII ‘S’SJIMIS.f 1SI FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3145 24 Transaction date: Aug 26 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 11.5 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 140.5 +2 511 141.5 139 140.5
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      Lock icon SGX CATALIST
      250 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil -0.5
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10826 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0.994/ Asian Smaller Cos!** 1 8905/ EIV Local Ccy Bond 0.9101/ European
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      Lock icon GLOBALQUOTE
      262 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 $mil 53.5 27 AVJennings A50 unch 5 50 50 50 52.5 3.6 7 4.1 185.1 52 31 Genting HK US$ US41.5 -0.5 2670 42 41 41 41.5 2732.6
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      Lock icon SGX ETF
      935 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 115 +0.5 24 115 114.9 113.1 115 525 143 120.4 CIMB APAC Div 100S$D 129.1 130.5 131.4 114.4 99 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      597 26 Aug 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.56 *****.49 *****.84 Sep13 *****.00 *****.00 *****.00 *****.00 *****6 *****9 Dec13 *****.00 *****.00 *****.00 *****.00 158 ***** MSCI TAIWAN INDEX FUTURES SPOT 278.33 278.83 277.10 Aug13 276.20 278.00 275.50 277.70 ***** *****0 Sep13 275.50
      597 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 23 Index Change Change Change Change Change Change World Preliminary 1078.9 0.5 15.0 0.3 17.8 0.6 12.6 EAFE Preliminary 885.6 0.8 14.3 0.8 14.5 1.1 9.4 Europe Preliminary 1272.0 0.5 10.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Aug 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 5.523 0.675 6.999 57.864 98.192 0.889 10.041 2.984 1.153 93.531 39.913 1.155 9.250 0.834 27.078 28.848 0.580 0.903 Canada 1.054 5.820
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    • Article
      Lock icon SIBOR
      49 26 Aug 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 12 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Aug 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.01 5-Year N*****0T 0.5 01-Apr-18 97.6
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    • Article
      Lock icon PRECIOUS METALS
      134 26 Aug 26 GOLD(US$/oz) Aug 23 Aug 26 Hong Kong 1384.00 1403.00 Aug 22 Aug 23 London 1376.04 1395.86 1376.98 1396.76 Source: Thomson Reuters CAST BAR Aug 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129 57 5gm 367 287 10gm 656 574
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    • Article
      Lock icon PALM OIL
      57 26 Aug 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2471.0 2483.0 2500.0 2470.0 503 3377 Oct 13 2440.0 2449.0 2468.0 2437.0 4053 ***** Nov 13 2420.0 2434.0 2451.0 2420.0 ***** ***** Dec 13 2410.0 2425.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Aug 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1552 1.1558 0.9024 0.9026 Canadian dollar 1.2171 1.2181 0.9513 0.9508 Euro 1.7111 1.7122 1.3367 1.3371 NZ dollar 1.0018 1.0029 0.7826 0.7832 Sterling pound 1.9927 1.9937 1.5567 1.5570
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.180 1.124 Can dollar 1.239 1.192 Euro 1.751 1.668 Sterling pound 2.029 1.951 NZ dollar 1.021 0.982 US dollar 1.305 1.243 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 26 Aug 26 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 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 26 Aug 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1365.25 1322.00 1369.00 1325.75 Nov 13 1328.00 1286.75 1331.50 1288.25 Jan 14 1328.50 1288.50 1331.75 1290.25 Mar 14 1305.25 1269.25 1307.50 1270.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • Article
      Lock icon LIFFE
      95 26 Aug 23 COCOA (£/tonne) Close Prev High Low Sep 13 1636 1630 1640 1621 Dec 13 1636 1629 1640 1621 Mar 14 1619 1612 1623 1606 May 14 1619 1612 1621 1606 COFFEE(US$/tonne) Close Prev High Low Sep 13 1741 1781 1784 1740 Nov 13 1772 1793 1796 1765
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1118 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.1 0.0 5 -41 59 Asia-Pacific Strategic W*****6 0.1 1 123 1348 85.00 9 Acma Ltd W*****7 Exer Price AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Aug 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.90 1.15 WTI (Near Mth) 106.41 1.29 Dubai (1-Mth F) 106.63 0.40 Tapis blend 117.12 0.35 Minas 109.32 -0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.72 1.00 Jet Kerosene 124.28 -0.41 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Aug 26 S$ Bid Offer 1-month 1.2801 1.2805 2-months 1.2800 1.2805 3-months 1.2800 1.2804 6-months 1.2797 1.2802 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 26 Aug-23 Aug-23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1846.60 1837.00 3 months 1893.00 1884.00 Copper, Grade A(US$/tonne) Cash 7333.00 7292.00 3 months 7360.00 7320.00 Lead(US$/tonne) Cash 2197.25 2198.00 3 months 2212.00 2209.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article, Illustration
      Lock icon Cooling measures push buyers to small homes
      666 27  -  Units under $1m make up 38% of Q2 sales, compared to 31% in Q1: study By KALPANA RASHIWALA kalpana@sph.com.sg DEMAND for private homes has gravitated towards smaller and more affordable units following the introduction of the property cooling measures in January, which increased
      Source: URA Realis, Aug 13, DTZ Research  -  666 words
    • Article, Illustration
      Lock icon September property launches closely watched
      550 27  -  Meanwhile Allgreen said to have sold 20-30 RV units By KALPANA RASHIWALA kalpana@sph.com.sg WITH the Hungry Ghosts Month ending next Wednesday, all eyes in the market are on the first few private housing launches in the eighth month of the Chinese lunar month. These include
      550 words
    • Article, Illustration
      Lock icon New UK housing plan under fire
      1263 28  -  Govt says Help to Buy has been a success but critics warn it may lead to housing bubble, problem loans, reports JULIA WERDIGIER reportsJULIA reportsJULIA WERDIGIER NYT [LONDON] EPENDING on where one stands in the debate on the rising cost of housing in Britain,
      NYT; PHOTO: TOMMASO PROTTI/THE NEW YORK TIMES  -  1,263 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      370 27 PRIME CITY FRINGE STANDALONE RESIDENTIAL BLOCK V Investment Properties 6224 8181 Galven Tan Loke Wei Yolk (CFA Req No: R*****1F) (CEA Reg No: R*****0J) 9799 4898 9147 5201 Sale by Expression of Interest Site area approximately 911 sqm 9,806 sqft GFA approximately 2,797 sqm 30,108 sqft 99 year lease w.e.f.
      370 words
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      Lock icon Page 27 Advertisements Column 2
      317 27 100% Stake in Broadway Plaza, Ang Mo Kio ANG MO KIO AVE 5 Ang Mo Kio Library COURTS ANG MO KIO CTL 2 Broadway Plaza 11 acow. M Surface Car park ANG MO KIO CTL 2 Ang Mo Kio Food Centre Market Place ANG MO KIO CTL 1 Djitsun Mall
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      69 28 Property purchase is like a game, a wrong judgement could hurt your interest. y It is important to protect your property investment transaction. Play your part and know your consumer rights. For more information on consumer tips, visit www.stproperty.sg/CEA f STProperty.SG STPropertySG A product of SPH, Singapore’s trusted media group
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      Lock icon Page 29 Advertisements Column 1
      457 29 AN amazing opportunity for you to own an iconic waterside RESIDENTIAL DEVELOPMENT OVERLOOKING TOKYO BAY. +K-/N—af^v-x" TheParkhouse TheParkhouse KRONO RESIDENCl TIARO RESIDENCE it m m M A m EMmm i m Artist's Impression Exhibition Launch 31 August 1 September 2013 Saturday Sunday, 11am 7pm Daily Seminar commences at 3pm St
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  • Article, Illustration
    Lock icon US cyclical outperformance and expected QE tapering to strengthen USD
    1123 30  -  The global environment continues to pose challenges going forward. In this three-part weekly series, Citi's experts offer their views for the rest of 2013, given current market and economic developments around the world. This final feature explores the direction global
    1,123 words
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      Lock icon Page 30 Advertisements Column 1
      301 30 51 A r— 'Sm-H. Citigold Private Client Opportunities. Which do you choose? Our Citigold Private Clients have access to research and advisory for that additional edge that lets them harness potential opportunities globally. Recognition, access, and the most exclusive of privileges are what our clients enjoy wherever they are in
      301 words