The Business Times, 25 August 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sj}_l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, August 25,2009
    23 words
  • 587 1 Reuters Central bankers warn against raising interest rates while recovery is fragile [JACKSON HOLE, Wyoming] If there was one message from central bankers gathered at this mountain retreat over the weekend, it was this: don't expect us to raise interest rates anytime
    Reuters; BLOOMBERG  -  587 words
  • 848 1  -  LYNETTE KHOO Debt and rights issue to raise HKssb; unit price dives on fears of yield dilution By na Chiu noted that given the scarcity of suburban retail assets up for grabs in Hong Kong, this is a good chance to grow
    848 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.394 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.51 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 45 1 lorn lay lange I COMP 1,174.49 +10.70 IIKKEI225 10,581.05 +342.85 IANG SENG 20,535.94 +336.92 ;et INDEX 653.20 +8.57 JAKARTA COMP 2,375.87 +41.98 1ANILA COMP 2,859.18 +139.00 ;eoulcomp 1,612.22 +31.24 ;henzhenb 505.19 +5.39 IUMBAI IND 15,628.75 +387.92 12noonEDT Cham )OW 9,554.85 +48.89 IASDAQ 2,027.20 +6.30
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    • 42 1 IS$ (S$ per US$) 1.440 (US$/S$ per 1.648 2.372 :uro (USS/SS/E) 1.430 2.059 Foreign currency per US$ S$ 'EN 95.00 66.00 3.510 2.438 IK$ 7.751 5.384 !AHT 34.03 23.64 lUPIAH 9.990 6.939 lENMINBI 6.831 4.745 INDIAN RUPEE 48.50 33.69 1.194 0.829
      42 words
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  • Page 1 Miscellaneous
    • 47 1 M GLOBAL ECONOMY I PROPERTY I SME Inc JET I INVEST FAIR'O9 Roubini warns of Reserve list site Cadi gets booster 7 JLJyL^I, China stocks look double-dip recession triggered for release shot from HINI fltySffl-K expensive: analysts PAGE 2 PAGE 3 PAGE 10 f ll^i^^^J PAGE 5
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  • TOP STORIES
    • 576 2  -  OH BOON PING KPMG feels global decline in income tax rates may come to an end soon By [SINGAPORE] Singapore remains a tax-friendly environment, but a study by KPMG has found that the global decline in top personal income tax rates over the past
      576 words
    • 293 2  -  KALPANA RASHIWALA It'll pay LaSalle Asia Opportunity II SARL $260 m for the hotel By [SINGAPORE] Bursa-listed TA Enterprise Berhad has agreed to buy the Swissotel Merchant Court Singapore for about $260 million from the LaSalle Asia Opportunity II SARL. The acquisition price
      293 words
    • THREE-MINUTE DIGEST
      • 66 2 FORTUNE Reit is raising funds totalling close to HK$5 billion (Ss93o million) through debt facilities and a rights issue. The bulk of the HK$l.9 billion gross proceeds from rights issue and a term loan of HK$4BO million will be used to fund
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      • 95 2 IF there was one message from central bankers gathered at the mountain retreat of Jackson Hole, Wyoming, over the weekend, it was this: don't expect us to raise interest rates any time soon. A series of speakers at the Kansas City Federal
        95 words
      • 49 2 SINGAPORE remains a tax-friendly environment, but a study by KPMG has found that the global decline in top personal income tax rates over the past seven years may end soon, as governments worldwide seek new sources of stimulus spending. TOP STORIES, PAGE 2
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      • 54 2 BURSA-LISTED TA Enterprise Berhad said yesterday it has inked a sale and purchase agreement to buy the Swissotel Merchant Court Singapore for about $260 million from the LaSalle Asia Opportunity II SARL. The acquisition price works out to about $546,200 per room.
        54 words
      • 78 2 FOR the fourth time in about a month, a 99-year leasehold site on the government's reserve list has been triggered for release, as developers seek to replenish their landbanks with suburban condo land after the run-up in home sales. The latest plot is
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      • 84 2 HIT by impairment and foreign exchange losses, Jaya Holdings' net profit for the full year ended June 30 plunged 99 per cent to just $1.2 miUion from FY2ooB's $149.8 million. Despite a 14 per cent fall in revenue to $263.2 million, gross profit
        84 words
      • 63 2 BEWARE the dragon. That was the view of panellists at a discussion at Invest Fair 2009 organised by Sharelnvestor and The Business Times. Some cautioned that Chinese equities look expensive, while others warned that China's buying or otherwise of US Treasury bonds will have a
        63 words
      • 83 2 THE net worth of Singapore households has fallen only slightly from its peak last year and is still much higher than it was at the start of this decade, according to an analysis by a senior Citigroup economist. This resilience in household wealth is
        83 words
      • 76 2 CHINA outpaced the United States and the UK combined in commercial property sales in the first half of the year, Real Capital Analytics Inc said. China's transactions totalled US$3l.2 billion following a surge in land sales after the government eased credit terms,
        76 words
    • 650 2 Bloomberg Risks related to ending global fiscal, monetary stimulus [SINGAPORE] Nouriel Roubini, the New York University professor who predicted the financial crisis, said the chance of a double-dip recession is increasing because of risks related to ending global monetary and fiscal stimulus. The global
      ■ Bloomberg; REUTERS  -  650 words
    • 543 2 Reuters New tax dept chief unveils measures to curb graft [JAKARTA] Indonesia's new tax chief said yesterday he would take a tough stance against tax dodgers in order to raise tax revenues, adding that the largest tax case in South-east Asia's
      ■ Reuters  -  543 words
    • 792 3  -  KALPANA RASHIWALA Developer has undertaken to bid at least $200 psf ppr for Serangoon condo site By [SINGAPORE] For the fourth time in about a month, a 99-year leasehold site on the government's reserve list has been triggered for release, as developers seek
      792 words
    • 847 3 Bloomberg Tightened bank lending curbs stock market speculation [NEW YORK] China's plan to slow bank lending is helping curb stock-market speculation as the benchmark Shanghai Composite Index heads for its first monthly drop since December. "The good thing is that the market is worried about it,"
      – Bloomberg  -  847 words
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    • 139 3 I hmmiw mmmm mmmmi I __&®D S(M@ J? S®@® Jf Awards for Awards for Awards for excellence^ M/ excellence^JmS excellence -^%S Mpt) >€)° >0° Best Global Best Global Debt Transaction Banking Best Global Bank House House I MMEEfflc mm jSus_ I Awards for V _T JIII I I excellence*-^-' S
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  • COMPANY NEWS
    • 689 4  -  VINCENT WEE 'Other expenses' like impairment, forex losses shot up to $180.3 m in FYO9 By HIT by impairment and foreign exchange losses, Jaya Holdings' net profit for the full year ended June 30 plunged 99 per cent to just $1.2 million from
      FILE PHOTO  -  689 words
    • 300 4  -  VINCENT WEE By CHINA-BASED apple juice maker New Lakeside Holdings has posted an 84.9 million yuan (5517.9 million) loss for the full year ended June 30. The loss compares with a net profit of 2.4 million yuan profit for
      300 words
    • 387 4  -  TEH SHI NING By RAFFLES Education Corp's net profit for the full year ended June 30 dropped by almost half due mainly to an impairment charge. Net earnings dived 48.3 per cent to $51.1 million from $98.8 million in FY2OOB. The
      FILE PHOTO  -  387 words
    • 205 4 THE customer base for Star Hub's home phone line service, Digital Voice, has hit 200,000, doubling in the span of 10 months. Star Hub offered Digital Voice as a free value-added service to Star Hub TV customers 10 months ago, while Max Online
      205 words
    • 196 4 It changes rating to reflect completion of placement issue MOODY'S Investors Service yesterday changed its ratings outlook for Ascendas Real Estate Investment Trust (A-Reit) from "negative" to "stable". Its outlook for A-Reit's "Baal" corporate family and "Baa 2" senior unsecured ratings was changed
      196 words
    • 586 5  -  JAMIE LEE Forward PE ratios already more than half that at peak of market By BEWARE the dragon. That was the view of panellists at a discussion at Invest Fair 2009 organised by Sharelnvestor and The Business Times. Some cautioned that Chinese equities look expensive,
      FILE PHOTOS  -  586 words
    • 357 5  -  NISHA RAMCHANDANI By RETAILER F J Benjamin Holdings posted a net loss of $2.66 million for the full year ended June 30, 2009, against a net profit of $14.8 million for FYOB. The loss was due to an exceptional charge of
      357 words
    • 201 5 INDIABULLS Property Management, which manages the Indiabulls Properties Investment Trust listed here, has clarified that it might not go ahead with a proposed $200 million rights issue. In a statement, Indiabulls said that it is still in the process of evaluating various
      201 words
    • 162 5 LIFESTYLE group RSH Limited which has snagged the rights to sell Spanish fashion label Bershka in Singapore, Malaysia and Thailand has officially opened its inaugural Bershka store here at lon Orchard. Targeted at mid-teen girls and young adult women, Bershka is one
      162 words
    • 715 6  -  YEN SREENIVASAN S TROUBLED textile player Ban Joo Co being lifted to new recent heights by a growing reverse takeover (RTO) fever gripping the market? Some market watchers seem to think so. And they may be right. With the China stock fever
      715 words
    • 199 6 HELPED by a drop in selling expenses, Gems TV Holdings pared its fourthquarter loss to US$lB million, from US$25 million, for the three months ended June 30. Revenue dropped 22 per cent to U5533.4 million. The loss per share was 1.73 US cents,
      199 words
    • 292 6 CHINA-BASED Sihuan Pharmaceutical is now the target of a takeover offer in a deal that values the company at $458.25 million. In a statement yesterday, the drugs company said that China Pharma intends to make a bid for the remaining shares which it
      292 words
    • COMPANY BRIEFS
      • 45 6 ASIA Water Technology has received a notification from shareholder EGN Nominees for an extraordinary general meeting (EGM) on Sept 23 to oust certain directors from its board. This is the second time that EGN has sought to do so.
        45 words
      • 41 6 GRP Ltd has reported a near 24 per cent drop in net profit to $4.2 million and al5 per cent fall in revenue to $25.3 million for the 12 months ended June 30, 2009.
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      • 56 6 HSU Fu Chi International has cut its losses to 1.2 million yuan (*****,999) for the fourth quarter ended June 30, 2009 from 15.84 million yuan a year ago. Turnover was up 2.9 per cent at 605 million yuan. Full-year net profit rose 33.5
        56 words
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    • 308 5 f/7/ >SsS- '\X V A member of M\ umm^Wl US !■>' Ss N P^;l' sfe HSI vS',**;*/,,v:", *++i It's about keeping pace with a tumultuous business world. Equip yourself with updated knowledge and a prestigious MBA to move ahead in your career. PSB Academy and The University of Nottingham believe
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    • 20 5 GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 55 6 Kelfogg-HKUST EXECUTIVE MBA PROGRAM The World Class Kellogg-HKUST Executive MBA Consistently ranked among the top. Ranked No.l in the world by The Wall Street Journal (2008) Ranked N0.2 in the world by Financial Times (2008) Ranked No.l in the world by Financial Times (2007) Source: 2008 EMBA Survey by WSJ
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  • Page 7 Advertisements
    • 5018 7 VOLUNTARY CONDITIONAL CASH OFFER The tradin9 volume of the Shares has been low, with an average daily trading volume of approximately 182,458 Shares during the 12 months up to 21 August 2009, being the last trading day prior to the Announcement Date. This represents only 0.04% of all the Shares.
      5,018 words

  • SINGAPORE MARKETS
    • 593 8  -  R SIVANITHY STOCKS Property stocks stay mainly firm while banks are the main index movers AFTER losing 86 points in last week's selloff that was supposedly caused by weakness in the China stock market, the Straits Times Index yesterday rebounded 67.47 points to
      : Bloomberg  -  593 words
    • 96 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 10 1 6 0 0 0 10 1 6 lanufacturing 121 18 61 12 130 21 73 Commerce 45 10 15 53 11 19 'pt/Stor/Comms 29 10 30 11 :inance 17 10 17 11 Construction 15
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    • 116 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24.773 24.773 73.249 73.249 lanufacturing 750.521 45.896 796.417 382.507 2.812 385.319 Commerce 235.077 42.151 277.228 95.841 30.060 125.901 "pt/Stor/Comms 196.069 645 196.714 206.139 138 206.277 Inance 38.075 30 38.105 290.725 290.728 Construction 160.729 57.824 218.553 89.052 1.150 90.201 'roperties
      116 words
    • 105 8 lapitaLand 3.750 +0.110 lapitaMall 1.570 +0.040 jtyDev 10.300 +0.360 lomfortDelGrc 1.570 +0.050 losco Corp 1.240 +0.040 IBS Grp 12.920 +0.260 :&N 3.940 +0.040 ienting SP 0.950 +0.035 iolden Agri 0.500 +0.020 IK Land 3.850 +0.090 IMH 28.900 +0.500 ISH 16.100 +0.300 lardineC&C 24.200 +0.880 Ceppel Corp
      105 words
    • 266 8  -  CONRAD TAN Technology Sector OCBC INVESTMENT RESEARCH, Aug 24 FOUR of the eight tech companies under our coverage have reported their Q2 2009 results. These four all registered sequential growth in both their revenue and bottom line, driven by seasonality and an improvement in business conditions. However, most
      266 words
    • 214 8  -  KEN TAI CHART POINT THE Straits Times Index may head higher this week; notably some sectors appear oversold. Fortuitously, the STI managed to limit the corrective move at 2,521, above the psychological benchmark of 2,500. The only risk here is that a lower trending
      : Bloomberg  -  214 words
    • 508 8 Reuters CURRENCIES [NEW YORK] The yen fell broadly yesterday while the US dollar slid against commodity currencies such as the Australian and New Zealand dollars as gains in equities and solid US and euro zone economic data boosted risk sentiment. The market refocused on risk-tak-ing
      – Reuters; BLOOMBERG  -  508 words
    • 4 8 DAILY
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    • 55 8 Aug 24 VALUE CLOSE IT OB/OS 416.00+561.C IT CADI -*****.00 +320. IT 10-day MA -*****.00+41.01 TSE ST Mid Cap 597.13+15.5. TSE ST Small Cap 534.66+19.2 TSE ST All Share 641.85+16.9! TSE ST China Top 276.21 +9.2 TSE ST China 273.99 +9.2 TSE ST Catalist 1407.90+27.5' IMSCI 314.52
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    • 60 8 VOLUME GMG Global R 200,087,000 Gentinq SP 139,829,000 BanJoo 108,365,000 Golden Aqri 107,324,000 China Honqxinq 77,980,000 Ezion 62,105,000 Sapphire 56,541,000 Pac Andes 51,392,000 Sinotel Tech 50,804,000 See Hup Seng 42,561,000 VALUE(S) Gentinq SP 131,751,785 DBS Grp 95,567,000 CapitaLand 81,895,730 Wilmar 79,894,894 UOB 77,724,826 OCBC Bk 68,498,500 Golden
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    • 102 8 CLOSE UP iBXT Ni 10US$ 9710 564.2 4.2 iBXT MSKorea 10US$ 4123 260.5 4.' LP 10US$ 9370 172.7 1. lardine C&C 2420 88.0 3.: IMH 2890 72.0 1.: MS India 10US$ 1277 64.8 3. IOB.ES.0908 1670 62.0 3. IOB 1680 54.0 3. LatinAmerica 1 701 46.1 4.: India Ni
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    • 113 8 CLOSE DOWN DBXT S&P Short 10US$ 5980-244.7 -2.8 'met iNav 800-200.0 -20.0 Pair irm 613 -25.9 -2.9 DBXT FTVietnam 10US$ 5186 -11.5 -0.2 Fortune Reit 367 -8.0 -10.5 ;TI2650SGAePW*****9 39.5 -7.5 -16.0 ;TI2450 DBePW/*****1 33.5 -7.0 -17.3 ;TI 2600BNPePW*****9 26.5 -6.5 -19.7 ;TI2500BNPePW*****9 28 -6.0 -17.6 ;TI2800SGAePW*****9 37 -5.5
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    • 83 8 Aug 24 CHNG CLOSE FRAug210 YR SSLOW R2009 S$ HIGH USS 1.4400 0.00 1.5579 1.4308 Euro 2.0604 -0.43 2.0732 1.9150 Pounds 2.3760 0.01 2.4366 2.0356 1.2095 -1.05 1.2171 0.9453 'en* 1.5185 0.70 1.7278 1.4831 Rupiah* 0.***** 0.01 0.***** 0.***** Baht* 4.2328 0.06 4.3390 4.1040 Peso* 2.9734
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    • 103 8 "llii Ww s-* MMMMmk ~~*^^m MMMMmm^sJSXS**^" -BIMIIBHBIBIMHIIM The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well
      103 words

  • SINGAPORE NEWS
    • 594 9  -  CONRAD TAN Consumer spending could also recover more quickly than in previous recessions By THE net worth of Singapore households has fallen only slightly from its peak last year and is still much higher than it was at the start of this decade, according
      FILE PHOTO  -  594 words
    • 458 9  -  TEH SHI NING By OFFICIALS from China and Singapore yesterday recognised the need for two key collaborations Suzhou Industrial Park (SIP) and Tianjin Eco-city to progress by seeking new industries and attracting high-quality investment respectively. These and other issues were discussed during meetings chaired
      458 words
    • 392 9  -  RONNIE LIM By I A STRONG March-June performance by its new Singapore subsidiary PowerSeraya helped boost the 2009 financial performance of Malaysia's YTL Power International, with the 3,100 MW Singapore power station contributing 15 per cent of annual gross profit in just those four
      392 words
    • 289 9  -  RACHEL SIM By FOR the first time, HSBC's Youth Excellence Award for music has been awarded to a group rather than an individual. This year's award has gone to the Orchestra of Music Makers (OMM), which was set up as a volunteer group
      289 words
    • 350 9  -  NISHA RAMCHANDANI By SINGAPORE'S consumer price index (CPI) rose 1.1 per cent in July from June but fell 0.5 per cent year on year, the Department of Statistics (DOS) said yesterday. The year-on-year decline was led by lower costs of transport
      350 words
    • 148 9 SINGAPORE and the United Kingdom signed a protocol yesterday amending their Avoidance of Double Taxation Agreement (DTA). This is the third agreement that Singapore has signed that incorporates a new internationally agreed standard for the exchange of information upon request for tax purposes. Singapore
      148 words
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  • SME Inc
    • 855 10 With its wireless patient temperature sensors, Cadi Scientific tapped a niche and hit paydirt, reports ZHANG Yl TING THE outbreak of HINI flu has brought in huge orders for Cadi Scientific's consumer thermometer. And interest in the company's signature Smart Sense wireless temperature and location
      YEN MENG JIIN  -  855 words
    • 549 10  -  JUSTIN CHAN By POWER supplies are not much of a concern here in Singapore but in Uganda, having uninterrupted and constant access to electricity ranks high up in the list of demands that businessmen have, right next to "making money". Cheryl Tong, managing director of
      549 words
    • 1179 11 From its first shop at Katong Mall, Pinnacle has grown into a one-stop motoring services destination, writes JESSICA CHU, ONG MENG CHING, STELLA TAY VALERIE Tan is a rose in an industry that is more associated with thorns. But she has made her mark in
      ARTHUR LEE  -  1,179 words
    • 936 11 Almost three decades ago, Atlas capitalised on market demand for automated vending machines, reports JESSICA CHU, ONG MENG CHING, STELLA TAY IN the late *****, Tan Ju Soon and a handful of local entrepreneurs saw that there would be a greater need for automated vending machines due to
      ARTHUR LEE  -  936 words
    • 1485 12 THIS WEEK'S TOPIC: As mentioned by Prime Minister Lee Hsien Loong in his National Day Rally speech, SMEs in the furniture sector have gone from members of a sunset industry to those of a vibrant community by leveraging on the Singapore brand and seeking opportunities abroad. Do
      CAROLINE CHIA/THE STRAITS TIMES  -  1,485 words
    • 1083 13 Small companies around the world tap technology to grow into global players SMALL companies worldwide are transforming themselves into global players by effectively using information technology. And their experiences provide lessons for small and medium enterprises (SMEs) in Singapore. For example,
      1,083 words
    • 376 13  -  TEH HOOI LING By' FOR a fourth consecutive week, small caps outpaced blue chips. In the five trading sessions to yesterday, our small-cap portfolio gained 3.8 per cent, versus a 2.6 per cent advance by the Straits Times Index. Our portfolio had 18
      376 words
    • 320 13  -  RACHEL SIM By THE Media Development Authority (MDA) has rationalised its video box set certification policy. Under the change, video distributors who submit box sets for classification need affix only one certificate, carrying the highest rating of all the titles, to each box
      320 words
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    • 152 11 ENTERPRISE 3D Celebrating Singapore's Enterprising Spirit 2009 Published every Tuesday and Thursday this series is part of the Enterprise 50 Educational Project between the E5O partners and the NUS Business School. Pinnacle International and Atlas Vending were among the E5O winners in 2008. The annual E5O ranking is coorganised by
      152 words

  • Page 12 Advertisements
    • 1218 12 A SATS IN THE MATTER OF THE I the _.Smmw___^ct°cap so COMPANIES ACT CAP. 50 THE COMPANIES ACT, CAP. 50 ~,„,rSL,»r INTHEMATTEROF INTHEMATTEROF GIFTKING PTE LTD ZAGORA PTE LTD (In Members' Voluntary Liquidation) Co. Reg. No. *****7417 D Reg No. *****0452W NOTICE OF SPECIAL RESOLUTION NOTICE OF RESOLUTIONS F°R MEK:K2Tn?'
      1,218 words
    • 319 12 gP^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SAKURAIMPEX PTE. LTD. Co. Reg. No. *****5345 C (Incorporated in the Republic of Singapore) MEMBERS* VOLUNTARY WINDING UP At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 17 Phillip Street, #05-01 Grand
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  • Page 12 Miscellaneous
    • 102 12 SME The topic for next week's SME Voices Column is: "What is your opinion on the declaration by major world economies that the worst global recession is over? Do you expect rising orders flowing up until or beyond Christmas? If you are an SME owner or leader, we would like
      102 words

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    • 77 13 LianHe Zaobao Fel) 08 .to repr°duce "*e P k yn ur corporate W9e Tenant article, Jom e business W QNe v jl SuateTime and jne stan c an d communication compettots Reproduction ofSPH material without license or permit amounts to an infringement of SPH's copyright under the law. SPH reserves
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  • ECONOMY WATCH
    • 613 14 -Reuters But officials and economists say political uncertainty in Thailand could limit how fast the economy recovers [BANGKOK] Thailand's economy emerged from its worst recession in 11 years in the second quarter, growing 2.3 per cent from the first quarter on a resurgence in
      -Reuters; AFP  -  613 words
    • 393 14 Bloomberg [TOKYO] Demand from China, the world's fastestgrowing major economy, is helping pull Japan out of its deepest postwar slump, a top Japanese government economist said. "There's no mistake that China's economic recovery is contributing to a rebound in Japan and other economies in
      – Bloomberg  -  393 words
    • 599 14 C CLJVLIC DD 111 11 Reuters Central bankers debate when to end stimulus measures [TOKYO] Policymakers must avoid economic bubbles fostered by expectations that interest rates will remain low, Bank of Japan (BOJ) governor Masaaki Shirakawa said, the text of an
      C CLJVLIC DD 111 11 Reuters  -  599 words
    • 414 14 Reuters Business Confidence Monitor positive for Ist time in 2 years [LONDON] British service sector firms see a pick up in business in the coming months but some expect profits to fall amid continued downward pressure on prices, a Confederation of
      ■ Reuters  -  414 words
    • 821 14 Bloomberg [LONDON] The UK government is taking too long to set the terms of loan guarantees for carmakers and suppliers after offering £2.3 billion (555.5 billion) as a salve to manufacturers, the industry's top lobbyist said. Seven months after Business Secretary
      Bloomberg; AFP  -  821 words

  • MALAYSIA/INDONESIA
    • 295 15 Reuters [KUALA LUMPUR] Malaysia may not impose a goods and service tax (GST) in its 2010 budget, further delaying plans for its implementation, The Edge Financial Daily said yesterday, citing unidentified sources. One source said that new Prime Minister Najib Razak, who is also
      – Reuters; AFP  -  295 words
    • 500 15  -  S JAYASANKARAN Ong Tee Keat sues businessman over claim of giving him RMlOmfor his party By in Kuala Lumpur MALAYSIA'S Minister of Transport Ong Tee Keat yesterday filed a staggering RMSOO million (Ss2os million) lawsuit against busi-nessman-politician Tiong King Sing over the latter's claim
      500 words
    • 285 15 Reuters [JAKARTA] Indonesia is considering cutting an import duty on raw and white sugar to ease local prices, which have hit records in line with global sugar prices, a senior economic official said yesterday. "That is the most likely step the government can take.
      – Reuters  -  285 words
    • 517 15 Reuters [BOJONEGORO, Indonesia] Few things seem to happen at speed in this sleepy Java town where rickshaws ply the streets. But this rural area of rice fields and teak forests is set to be transformed by Indonesia's biggest oil find in
      – Reuters  -  517 words
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    • 1707 15 w AJ MATS JL^I y/ JL jL^^J JLj ij Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg N THE MATTER OF IJ^^^^^^^^^^^^H imtuc matted nc INTHEMATTEROF INTHEMATTEROF THE OOMRMIEBACT(CHAPTER 50) INTHEMATTEROF T ll *Tl^?^ THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND THE COMPANIES ACT, CAP. 50 THE COMPANIES
      1,707 words

  • GREATER CHINA/INDIA
    • 505 16 Bloomberg Commercial property deals total US$3l b in H1 as easy credit boost land sales [BElJlNG] China outpaced the United States and the UK combined in commercial property sales in the first half of the year, Real Capital Analytics Inc (RCA) said.
      Bloomberg  -  505 words
    • 241 16 Reuters [BEIJING] Little progress has been made on a new pact to combat global warming, with "commercial and political interests" continuing to prevail, China's senior climate change official said yesterday. The vice-director ofthe National Development and Reform Commission, Xie Zhenhua, said industrialised countries were still
      Reuters  -  241 words
    • 720 16 Reuters [MUMBAI] A poor monsoon threatens to worsen India's already steep fiscal deficit as it spends on food imports and relief for farmers, although the government is seen tapping the bond market only as a last resort to fund any further shortfall. With investors already forced
      – Reuters; AP  -  720 words
    • 665 16 Bloomberg [HONG KONG] China Petroleum Chemical Corp, Asia's biggest refiner, posted a record quarterly profit and forecast a more than 50 per cent gain in ninemonth earnings after the government eased curbs on fuel prices and demand rose. Net income at Sinopec, as
      Bloomberg  -  665 words
    • 221 16 Reuters [MUMBAI] India's Bombay Stock Exchange (BSE), Asia's oldest bourse, yesterday launched an initial public offering (IPO) index to track the value of stocks for two years after listing. The BSE said its IPO index will track companies which have a free-float market capitalisation
      Reuters  -  221 words
  • Page 16 Advertisements

  • ASIA-PACIFIC/WORLD
    • 416 17  -  ANTHONY ROWLEY Negative trends in consumption, corporate spending, employment persist By in Tokyo RECOVERY in Japan's economy in recent months is likely to be "temporary", a senior official of the country's main opposition Democratic Party of Japan (DPJ) warned yesterday as the final
      416 words
    • 634 17 -AFP Hatoyama's 'sun' could liven up staid role of a PM's wife [TOKYO] The woman who may soon be Japan's first lady, Miyuki Hatoyama, is a former actress turned lifestyle guru with an interest in spirituality who could liven up the staid role
      -AFP; AFP  -  634 words
    • 273 17 -AP [CANBERRA] Australia is boosting the powers of its corporate watchdog to include supervision of trading in the financial markets as the country vies with Hong Kong and Singapore to establish itself as regional finance hub. The changes announced yesterday will remove a potential
      -AP  -  273 words
    • 545 17 Reuters [BERLIN] Opel labour leader Klaus Franz called on General Motors (GM) to pick a buyer for its European unit this week, and threatened "spectacular measures" if the US group did not make a decision. On Friday, GM failed to
      ■ Reuters; AFP  -  545 words
    • 334 17 [NEW YORK] Warner Chilcott, an Irish drugmaker that specialises in contraceptives and female hormone treatments, will buy Procter Gamble Co's pharmaceuticals business for USs3.l billion, the companies said yesterday. P&G's branded drugs, including osteoporosis treatment Actonel and Enablex for an overactive bladder, have annual
      334 words
    • 270 17 Reuters [TOKYO] The Tokyo Stock Exchange (TSE) plans to tighten its rules for new listings on the bourse's Mothers market for start-ups from November, a person familiar with the matter said. The TSE, the world's second-largest exchange, set up the Mothers market in
      Reuters  -  270 words

  • WORLD
    • 644 18 -NYT Fewer than half of his top appointees are in place to advance his agenda [WASHINGTON] As President Barack Obama tries to turn around a summer of setbacks, he finds himself still without most of his own team. Seven months into his presidency,
      -NYT  -  644 words
    • 767 18 -NYT Increasing Treasury auctions keep chief of public debt busy [WASHINGTON] The brightly illuminated room looks like mission control for a space flight. Seven people, wearing headphones, stare intently at computer screens. Three minutes before the deadline, a disembodied voice exclaims, "We have
      -NYT  -  767 words
    • 414 18 Reuters [NEW YORK] Growth, rather than survival, is likely to be the new driver of global asset management deals over the next 12 months, a Jefferies Putnam Lovell report predicts. As markets recover, asset management firms are likely to resume their
      ■ Reuters  -  414 words
    • 156 18 Reuters [NEW YORK] A Democrat senator was expected on Monday to ask the US Securities and Exchange Commission (SEC) to review the stock market's structures, Dow Jones Newswires reported, reviving a debate over the market impact of computer-based trading. Ted Kaufman, a long-time
      ■ Reuters  -  156 words
    • 786 18  -  STEVE SLATER OR Rubens BarricheUo, victory in Valencia was a moment to savour. It came after a five-year absence from the winners circle and for BarricheUo, so long the bridesmaid, never the bride, it was just the tenth victory of a career spanning 281 race
      REUTERS  -  786 words
    • 584 18 L Bloomberg [SAN FRANCISCO] Facebook Inc plans to expand its staff by as much as 50 per cent this year as it benefits from a surplus of engineers amid the recession, chief executive officer Mark Zuckerberg said. "No one else
      _ L – Bloomberg; AP  -  584 words

  • AVIATION/SHIPPING
    • 366 19  -  YEN SREENIVASAN Passenger, flight and airline numbers at Dammam airport up sharply since Nov By A CONTRACT signed with Saudi Arabia's General Authority of Civil Aviation (GACA) to co-manage the King Fahd International Airport (KFIA) in Dammam has yielded significant results, Changi
      366 words
    • 226 19 Bloomberg [BANGKOK] Regional Container Lines Pel (RCL), Thailand's biggest publicly traded sea-cargo shipping company, rose to the highest in 10 months in Bangkok trading after its unit signed a loan agreement for as much as US$35 million. Regional Container jumped 6.1 per
      Bloomberg  -  226 words
    • 260 19  -  YEN SREENIVASAN By JETSTAR Asia will go head-to-head with low-cost rival Tiger Airways when it launches a new service between Singapore and Haikou in December. Jetstar Asia's four-times-a-week service its first services into mainland China starts on Dec 16. It will be operated by
      260 words
    • TRANSPORT STOCKS
      • 107 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.53 0.27 1.24 0.66 1.57 0.57
        107 words
      • 31 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 1.01 8.84 8.87 3.10 3.00 0.02 unch 0.20 0.08 -0.01 0.05 0.01 182 298 49 322 3 220
        31 words
      • 7 19 '00 ■recious Ship .16.40 0.30 3649
        7 words
      • 11 19 '000 Doil iingamas Cont 40.60 1.45 0.75 1722 0.10 *****
        11 words
      • 17 19 '000 Aboitiz Equity Intl Container Keppel Marine 7.20 20.00 unch unch 0.50 unch 66 1675 0
        17 words
      • 22 19 Evergreen Marine ....20.30 :irst Steamship 38.30 /Van Hai Lines 16.70 r"ang Ming Marine...12.25 0.20 0.50 0.70 0.05 6 1 2 13
        22 words
      • 40 19 '000 (awasaki Hvy Ind ..251.00 (awasaki Kisen 383.00 Mitsubishi Hvy 375.00 vlitsuiEng&Sbldg...257.00 vlitsui Osk Lines 567.00 Nippon Express 384.00 Nippon Yusen 401.00 'iource: Thomson Reuters 5.00 5.00 8.00 5.00 8.00 6.00 2.00 8017 4914 8363 4237 7818 4563 6088
        40 words
    • 183 19 Bloomberg [LONDON] Owners of single-hull oil tankers are waiting for one final rally in rental rates before scrapping the vessels, said Martin Stopford, a director at Clarkson pic, the world's biggest shipbroker. Single-hull tankers will be barred by International Maritime Organisation regulations starting next
      ■ Bloomberg  -  183 words
    • 2709 19 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Bima, u^,, y ,^u LJ L s (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO:
      2,709 words
  • Page 19 Advertisements
    • 146 19 BT/ZUJI Deals of the Week HOUSE a BCf^ DEAL OF THE WEEK ECONOMY CLASS (fr HOTEL (fr BUSINESS CLASS (fr New York $1,351 $171 $5,808 Qatar Airways Qatar Airways DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS WEATHER (frs) (frs) (frs) Kuala Lumpur $124 (JapanAirlines) AUGE2B ARrS $44 $328 (SriLankanAirlines) Rainy Jakarta
      146 words
  • Page 19 Miscellaneous
    • 389 19 CRYPTIC CROSSWORD Across ITo form a relationship on holi- fi [2 13 I[4 [6 I[7 0 day is to succeed (4,3) 5 Support Labour —it's a hard 9 10 Have little money but taste the bitter, for example I l II Standard charge initially pre- 1' I l-: ceding interior
      389 words

  • EDITORIAL & OPINION
    • 448 20 INVESTORS will surely welcome news that the Singapore Exchange (SGX) might soon implement new rules governing disclosure of shares pledged by controlling shareholders. Despite objections about possible invasion of privacy (mainly from controlling shareholders), it is entirely logical and in the best public interest that these
      448 words
    • 1067 20  -  LEON HADAR The upbeat mood of central bankers and Wall St investors isn't trickling down to Main Street US FEDERAL Reserve chairman Ben Bernanke and other central bankers meeting at the annual Federal Reserve symposium in Jackson Hole, Wyoming last week seemed to
      AFP  -  1,067 words
    • 764 20  -  NEIL BEHRMANN THE BOTTOM LINE ABOUT this time last year, the financial bubble began to pop. Remarkably for many market participants, the subsequent crash already seems to be a distant memory. Bonuses and champagne are flowing once again following the stockmarket surge.
      764 words
    • 2885 21 Bernanke reflects on the events of the past year, the challenges they posed, the measures taken, and the lessons learnt This is the first part of an excerpt ofthe speech by US Federal Reserve chairman Ben Bernanke at the Federal Reserve Bank of Kansas City's
      2,885 words
    • LETTER TO THE EDITOR
      • 518 21 WE refer to the report "Auditors' failings called to account" (BT, Aug 20). The call by the Accounting and Corporate Regulatory Authority (Acra) for professional scepticism and to increase diligence in this uncertain and mixed economic environment is indeed timely
        518 words


  • SINGAPORE STOCKS
    • 8931 22 Transaction date: Aug 24 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net |h Low Buyer Seller C'vr P/E M Cap Hi! Com| >an] 15.5 3 3148 8Telecom 8 2.5 5834 A-Sonic 28.5 12 5000 ABRHIdgs 14.5 5.5 1938 AEI
      8,931 words
    • 1653 23 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 19 5 1181 s AAGrp 26 12 8538 t APStrategic 4 05 1501 s Advanced System 7.5 2 3480 t Adventus 22.5 8.5 3518 s Afor 12.5 2 1524 t Alantac 11 3.5 7814 t
      1,653 words
    • 428 23 52-Wk Tel h Low Code Last Sale Vol C000) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Comi _Hi« 110 100 6389 ABF SG Bond ETF 110 798 427 CIMBAsean40 100US$ US730 +13 274 149 DBS STI ETF 100 265 +6
      428 words
    • 258 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      258 words
    • 9296 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.927/ AIGIF S'pore Bond Fund/ A 1.314/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.02/ APS Alpha Fund (USD)!** 0.7/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5153/ APS Komaba
      9,296 words
  • Page 22 Advertisements
    • 22 22 /JO DEFY TIME CONSTRAINTS %imm\ iUDEMARSPIGUET MILLENARY COLLECTION <S^^^\., >>^x. vS||fev For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com fJB X^l-Z^-^^l at" "o.
      22 words


  • FINANCE & COMMODITIES
    • 363 24 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Am 21 World Index Preliminary 773.7 1.4 14.2 1.1 17.2 1.6 17.3 EAFE Preliminai 738.0 1.1 13.7 0.9 18.9 1.4 19.1 Euro[ Prelim inan 1035.3 2.4 13.6 2.3 21.0 2.8 21.1 Pacific
      363 words
    • 187 24 Aug 24 KUBBtK Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 lots) Sep 09 211.0 Oct09 211.0 NOV09 Dec 09 Jan 10 209.0 Feb 10 209.0 210.0 211.0 209.0 209.0 210.0 211.0 210.5 210.5 210.0 210.0 40 20 20 20 444
      187 words
    • 445 24 Aug 24 Australia 0.906 5.724 0.586 6.494 40.640 83.701 0.796 10.414 2.940 1.227 69.625 40.577 1.206 6.521 0.889 27.529 28.508 0.508 0.838 Canada 1.104 6.320 0.647 7.171 44.875 92.423 0.878 11.500 3.247 1.355 76.880 44.805 1.332 7.201 0.982 30.397 31.478 0.561 0.925 China 0.175 0.158 0.102 1.135
      445 words
    • 131 24 As at 9am Aug 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1970 1.2330 .an dollar 1.3240 1.3400 Euro 2.0520 2.0770 NZ dollar 0.9780 0.9990 iterlini ind 2.3630 2.3900 US dollar 1.4290 1.4460 Local dollars to 100 units of foreign
      131 words
    • 173 24 Aug 24 *L Offer Bii Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.35 0.39 0.50 0.55 0.80 1.40 1.50 Offer 0.25 0 29
      173 words
    • 89 24 Aug 24 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi. Day's [h Low 3-Month BQ*****S 26.11.09 1-Year BY*****W 03.05.10 0.30 0.35 0.32 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****H 3.625 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NX*****W
      89 words
    • 68 24 Aug 24 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) ...0.***** ....0.***** ....0.***** Imths ]ZZZZZZZZ".'.".W.2A692 2mths 1.***** iWAP Mid rates (S$)
      68 words
    • 132 24 Aug 24 /oz) mg ujg -long Kong .ondon 951.20 940.40 952.20 941.40 Aug 21 Aug 20 952.85 940.45 953.65 941.25 Source: Thomson Reuters CAST BAR (SS) Aug 24 Buying Sellini Kilobar "47,205.19" ***** PAMP GOLD BARS (SS) Selling Buying gm jgm Ogm !Ogm JOgm OOgm oz ozUBS Kinebar™
      132 words
    • 101 24 Aug 21 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 09 1023.00 999.25 1035.75 998.00 Nov09 973.00 957.00 988.00 951.75 Jan 10 975.75 959.50 989.00 955.00 Mar10 974.75 959.50 985.75 954.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Sep 09 36.33 35.80 36.65 35.40 3d 09
      101 words
    • 77 24 CRUDE OIL PRODUCTS Aug 21 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 73.91 -0.10 WTI (Near Mth) 73.45 1.21 Dubai (1-Mth F) 72.20 -0.69 Tapis blend 79.20 -0.70 Minas 76.70 -0.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 69.82 78.40 -0.90 -1.45 US$/barrel Opec Oil
      77 words
    • 158 24 Aug 24 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2058 1.2066 0.8377 0.8380 Canadian dollar 1.3313 1.3324 0.9249 0.9254 Euro 2.0586 2.0595 1.4302 1.4304 NZ dollar 0.9825 0.9837 0.6826 0.6832 Sterling md 2.3720 2.3729 1.6479 1.6481
      158 words
    • 61 24 luminium, 99.7% urity (USS/tonne) Close Previous :ash 1894.00 months 1928.00 1871.75 1906.00 Copper, Grade A (USS/tonne) ;ash months 6270.50 6270.00 6050.50 6049.00 .ead (USS/tonne) iash months 1840.00 1863.00 1796.00 1820.00 lickel (USS/tonne) ]ash months *****.00 *****.00 *****.00 *****.00 'in (USS/tonne) .ash *****.00 *****.00 months *****.00 *****.00 inc. Special
      61 words
    • 73 24 Aug 21 COCOA (Btonne) Close Prev Hii ih/Low SepO9 1872 1833 1885/1819 Dec 09 1882 1849 1890/1835 Mar 10 1881 1854 1888/1839 May 10 1880 1855 1890/1848 COFFEE (US$/tonne) Close Pev High/Low SepO9 1335 1344 1354/1326 Nov09 1358 1367 1380/1350 Jan 10 1377 1385 1400/1372 SUGAR (US tonne) White
      73 words
    • 27 24 Aug 24 ten ;ti Aui 2600 2601 2608 ilMSCI Aui 307.6 315.0 314.0 'aiwan Aui 242.5 251.4 249.7 Source: MF Global (S) He. Ltd
      27 words
    • 17 24 Aug 24 Fer -month 1.4396 1.4401 1.4398 1.4403 {-months 1.4399 1.4404 >-months 1.4401 1.4408
      17 words
    • 64 24 Aug 24 KLCE PALM FUTURES (RIV Delivery Opening Month Range M/MT) Sett Av Price Price Hi Low Vol Open Done Position SepO9 2440 2435 2460 2435 213 2062 Oct09 2428 2409 2430 2400 1992 ***** Nov09 2378 2375 2402 2364 ***** ***** Dec 09 2375 2365 2393 2356
      64 words
    • 299 24 Aug 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES SepO9 DecO9 Mar10 Jun10 99.6050 99.4300 99.1400 98.7000 6341 2676 2441 3522 EUROYEN TIBOR FUTURES SepO9 99.470 99.470 DecO9 Mar10 Jun10 99.515 99.515 Sep10 Dec10 Mar11 Jun11 99.470 99.515 99.470 99.495 99.525 99.525 99.485 99.445 99.360 99.300
      299 words
    • 2355 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3.5 >036AdvanceSCTLtdW*****9 0.5 1 15 5.29 1 87 1358 12.00 57 12 )092 Asia Environment W*****4 0.5 S816# Asiasons Capital Ltd W*****7 6 unch 146 S756#AsiaticGrp(H)
      2,355 words

  • Page 25 Advertisements
    • 2743 25 m The Business Times Shii ing Times I Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE MMMttmMMM CotllVfflOll Destination Destination vVvl Willi---ill if ]f STXPOTBN RTM/ANR/TIL STXPOTBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia ICllllwll I lIC CA Oil U UCljfv Ull II ]Jb MIDDLE-EAST SERVICE
      2,743 words

  • Page 26 Advertisements
    • 4646 26 F^^^^^^^^^^^^^^^^^H n~F~ EASTERN CAR LINER, LTD ll l^^ffißCfCTffl'lß ij^L_^^^E uL_-!-___—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS B^^g BoJolliilllliiilß mmmmmmmm:^mm^ mmm2^^^m^ mmmmmm m mmmmmmmmmmm m m2 wggSMmMMMMMMMjIJo'< I »«hkh. I """#'> I <-"> I pkl I jkt I kuc Icd I sura I *"vot itaitd di'tiltion PCL/PHL SERVICE AMX
      4,646 words

  • PROPERTY
    • 258 27 Bloomberg Research firm says financial crisis has curtailed credit from banks [DUBAI] Dubai mortgage lending fell 77 per cent in the second-quarter this year compared with a year earlier as the financial crisis curtailed credit, according to research firm REIDIN.com. Second-quarter mortgage lending
      – Bloomberg; AFP  -  258 words
    • 321 27 [LONDON] Bovis Homes Group pic, a UK house builder, may reverse land writedowns as the country's worst property slump since World War II shows signs of easing, chief executive officer David Ritchie said. Some ofthe £84.1 million (Ss2oo million) of writedowns taken
      Bloomberg  -  321 words
    • 319 27 Reuters [RIYADH] Prices of steel used in construction projects in Saudi Arabia fell 55 per cent in the year to end-June but the commodity recorded close to a 9 per cent rise since the start of 2009, data from the kingdom's statistics authority showed. Prices
      ■ Reuters  -  319 words
    • 298 27 Bloomberg Grant recorded as an investment in an associate, it says [DUBAI] Dubai Holding Commercial Operations Group, a diversified company owned by Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum, was "granted" a 30 per cent stake in family-owned retail company Dubai Festival City
      Bloomberg  -  298 words
    • 361 27 Reuters [DUBLIN] A tax on Irish property is not a done deal as part of efforts to squeeze the burgeoning budget deficit, Prime Minister Brian Cowen said in an interview. "I'm not wedded to property tax," Mr Cowen told the Sunday Independent:
      ■ Reuters  -  361 words
    • 482 28 Reuters It has been shortlisted to tender for second phase of Abu Dhabi project [KUALA LUMPUR] Malaysian builder Sunway Holdings is bidding for foreign and local contracts worth about US$5.7 billion as big spending plans by governments boost construction activity globally. "Including
      Reuters  -  482 words
    • 740 28 It's just small home projects now if at all NYT [NEW YORK] In pre-reces-sion days, home improvement projects were usually grand, expensive overhauls of kitchens and bathrooms. In this economy, home improvement projects consist of painting the walls and replacing the jiggly toilet handle. "I'm not doing any major projects
      NYT; AFP  -  740 words
    • 236 28 Bernama [PETALING JAVA] IJM Land Bhd, the property development arm of the IJM Group, plans to launch about 20 projects worth over RMI billion (Ss4ls million) during its current financial year ending March 31, 2010. Chairman Krishnan Tan Boon Seng said
      – Bernama  -  236 words
    • 224 28 Bloomberg [HONG KONG] Hong Kong's sales of new private homes in the first eight months of 2009 may have exceeded those during all of last year, Centaline Property Agency Ltd said. The number of new non-government-built residential units changing hands may have
      Bloomberg  -  224 words
    • 273 28 Xinhua [BANGKOK] A leading research organisation in Thailand has said that foreigners now control about 90 per cent of land along the coastlines of the Thai resort island of Phuket, local media reported yesterday. Bangkok Post online quoted the research by the
      – Xinhua  -  273 words
  • Page 27 Advertisements
    • 2 27 1 1
      2 words
    • 37 27 fc'*©#L I Lianhe Zaobao I Exclusive interview with Suzhou party boss Jiang Hongkun: Extend the I SIP model I to other parts I of China_^ I r i MMt _M it j M 4£ -it i** 1
      37 words
    • 118 27 ***** sq ft Total 2 Plots I Quiet and Easy Access to Tanglin Road Attractive Price Newsman Sole Marketing Agent I Open For Priority Selection J Freehold in prime District 10, exclusive 289 units Walking distance to Dover MRT and minutes'drive to Holland Village 1 km to Henry Park Primary
      118 words
    • 267 27 Freehold Landed Housing Sites For Sale mm PAYA M^ BAR^] A. Cranborne Road dunman road Site Area 991.6 sqm PJ3 DAKOTA cc ]>l Tanjong Katong (approx 10,673 Sqft) MRT(u/c) W 5 Secondary ScR rr geylang MP 2008 zoning —^mz Tanjong 2 btorey Bungalows oi HI a Katon9 |n m GinsSch
      267 words

  • Page 28 Advertisements
    • 368 28 Residential Development For Sale cassia view At Guillemard Road, next to Mountbatten Community Club i®>3' J it Freehold, 20-storey apartment block with 72 units 'roSr 9 8 I Total strata area: 89,361 sq ft (approx) -n "ll Land area: 35,51 Isq ft (approx), plot ratio 2.8 '^K*^ I Potential for
      368 words