The Business Times, 14 July 2011
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2011-07-14
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The Business Times
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Title Section23 2011-07-14 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, July 14,201123 words
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974 2011-07-14 1 KALPANA RASHIWALA - Applications for Fuji Xerox Towers, Cecil Court among those turned down by URA By KALPANA RASHIWALA [SINGAPORE] The Republic’s planning authority may be acting to prevent a hollowing-out of office space in the old financial district. Industry watchers974 words
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Article144 2011-07-14 1 GST INDEX 3,088.42 (+11.06) G ST INDEX FUTURES 3,087 (+11) G SIMSCI 358.88 (+2.16) G SIMSCI FUTURES 358.40 (+3.80) FOREX US$ S$ US$ (S$ per US$) 1.223 (US$/S$ per 1.595 1.951 EURO (US$/S$/E) 1.405 1.718 Foreign currency per US$ S$ YEN 79.40 64.90 RM 3.023 2.471 HK$ 7.791144 words
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Article, Illustration645 2011-07-14 1 LYNN KAN - It offers $1.40 a share, locks up majority stake in S’pore-listed port terminal specialist By LYNN KAN [SINGAPORE] Portek International’s second suitor has finally stepped out from the shadows. Japanese conglomerate Mitsui Co yesterday offered $1.40 per share for the entire stock ofFILE PHOTO - 645 words
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Page 1 Advertisements
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Advertisement19 2011-07-14 1 NEWS CORP Murdoch drops bid for control of BSkyB PAGE 2 Prospect of QE3 stirs markets I PAGE 219 words
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Advertisement12 2011-07-14 1 COMPANIES SGX not told of Celestial units’ share transfers PAGE *****1 *****412 words
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Advertisement144 2011-07-14 1 BizIT Public Wi-Fi heats up PAGE 28 PROPERTY Tune to build 30 hotels worldwide by 2012 PAGE 31 THERE ARE STORIES THAT DESERVE TO BE CAPTURED FOREVER. Whether it’s a transatlantic crossing on a sailboat with friends, or the birth of a child, there are precious, life-changing moments that deserve144 words
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TOP STORIES
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615 2011-07-14 2 Bernanke says he is ready to supply more stimulus if the economy needs it AP [WASHINGTON] Federal Reserve chairman Ben Bernanke yesterday said that the central bank is prepared to provide additional stimulus if the current US economic lull persists. Delivering hisAP - 615 words
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Article, Illustration626 2011-07-14 2 [LONDON] Rupert Murdoch dramatically dropped his bid for control of pay-TV giant BSkyB yesterday, finally bowing to pressure from the British government over the phone hacking scandal at his newspaper empire. Hours after Prime Minister David Cameron backed an opposition parliamentary motion calling forAFP - 626 words
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520 2011-07-14 2 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] Two of Hong Kong’s largest companies, Cheung Kong Holdings and Wharf Holdings, have turned to Singapore’s debt market to raise $1 billion as liquidity dries up at home. And more Hong Kong companies can be expected520 words
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Article, Illustration690 2011-07-14 2 SHU-CHING JEAN CHEN - By in SHU-CHING JEAN CHEN in Hong Kong CHINESE officials appear to be content with their efforts to avoid a hard landing despite the release yesterday of better-than-ex-pected economic figures. The Chinese economy expanded by 9.5 per cent in the second quarterAP - 690 words
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250 2011-07-14 2 [SINGAPORE] Transport Minister Lui Tuck Yew yesterday questioned the suitability of having a nationalised public transport system in Singapore. In a post on his Facebook page, he said: “A nationalised public transport operator that depends on government funding and which operates on250 words
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Article488 2011-07-14 2 Mitsui sails in with clincher for Portek PORTEK International’s second suitor has finally stepped out from the shadows. Japanese conglomerate Mitsui Co yesterday offered $1.40 per share for the entire stock of the port terminal specialist. FRONT PAGE Bid to turn CBD towers into homes hits a wall488 words
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566 2011-07-14 4 The European Commission also attacks agency’s sudden move AFP Reuters [DUBLIN] Ireland and the European Commission yesterday attacked a shock decision by Moody’s rating agency to downgrade its bonds to junk status, as borrowing costs hit the highest levels since Ireland joined the eurozone. Moody’sAFP; Reuters - 566 words
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472 2011-07-14 4 S JAYASANKARAN - By in S JAYASANKARAN in Kuala Lumpur A FORMER adviser to the chief executive of the Qatar sovereign wealth fund and a member of the board of its subsidiary Qatar Holding LLC has been appointed as Khazanah Nasional’s executive director of investments. The472 words
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635 2011-07-14 4 GRACE LEONG - By GRACE LEONG [SINGAPORE] Although 99 court judgments have been awarded by the Small Claims Tribunal (SCT) to some creditors against True Spa Pte Ltd, the company has so far refused to pay up, forcing creditors to try to wind up what’s635 words
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Advertisement1297 2011-07-14 3 Advertising Feature Invest in the future of healthcare As the prime Novena precinct takes shape as Singapore's top healthcare hub, medical professionals are rapidly flocking to establish a foothold in the area. Billions of dollars are being poured into developing state-of-the-art facilities in Novena, solidifying its reputation as the strongest1,297 words
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Advertisement103 2011-07-14 4 INNOVATIVE SINCERE FLEXIBLE FAST APPROACHABLE UNDERSTANDING It's our winning points as a financial institution that make us the star choice. With a clear insight of our customers' needs, it's no wonder they always turn to us for financial solutions. www.sif.com.sg Head Office 96 Robinson Road, #01-01, SIF Building, Singapore *****9103 words
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COMPANY NEWS
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569 2011-07-14 5 LYNETTE KHOO - Provisional liquidator also finds significant transfer of Celestial cash holdings By LYNETTE KHOO ATTEMPTS by the provisional liquidator of Celestial Nutrifoods to take control of its China subsidiaries have led to the discovery that shares in the three units there have all569 words
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210 2011-07-14 5 CARINE LEE - By CARINE LEE A MONTH after reassuring the Singapore Exchange (SGX) that a US$5 million shareholder loan to sustain the group’s operations for the next 2-3 months was still forthcoming, Transcu Group Ltd yesterday disclosed that the company is facing immediate cash-flow concerns, resulting in the210 words
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755 2011-07-14 5 JAMIE LEE - HOCK LOCK SIEW By JAMIE LEE PORTEK International’s second suitor has finally pulled its mask off. Shareholders hoping for a dramatic finish will be disappointed that a takeover battle with International Container Terminal Services Inc (ICTSI) has been swept off the table. But take755 words
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285 2011-07-14 6 EMILYN YAP - By EMILYN YAP ASIA Pacific Breweries (APB) is divesting stakes in two breweries in China as it sharpens its focus on the country’s international premium beer segment. It stands to pocket a gain of around $23.3 million if the potential buyer, China Resources285 words
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387 2011-07-14 6 JAMIE LEE - They include Wee Cho Yaw and Wee Ee Cheong; UIS to hold EGM in light of hedge fund’s proposal JAMIE LEE By THE board of United International Securities (UIS) will soon face disgruntled European hedge fund Laxey Partners once again, as Laxey387 words
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367 2011-07-14 6 LESTER HIO - By LESTER HIO SINGAPORE has made it into the list of top 20 countries by market capitalisation, according to Russell Investment’s latest annual reconstitution. This year’s reconstitution saw 13 Singapore securities being added to the Russell Global Index, which consists367 words
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Article, Illustration491 2011-07-14 7 SIOW LI SEN - For this group, bank also offers a 50% discount on business insurance premium By SIOW LI SEN DBS Bank is making a pitch to start-ups by offering heavy subsidies for their business insurance, a first in the industry. More than 50,000 new companies are491 words
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Article, Illustration462 2011-07-14 7 STEPHANIE RIADY - By STEPHANIE RIADY HIS first business failed after just four months, but the entrepreneur literally gave himself a Second Chance and has now won the prestigious 2011 Berita Harian Achiever of The Year award for his determination. “I am very elatedFILE PHOTO - 462 words
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323 2011-07-14 7 STEPHANIE RIADY - Bank has tied up with five more insurance providers in last 3 yrs By STEPHANIE RIADY CITIBANK’S bancassurance has forged new partnerships with five more insurance providers in the last three years, up from three in 2007. The five are NTUC Income, AXA, Prudential,323 words
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Advertisement212 2011-07-14 5 S A A </ A h GLOBAL EDUCATION SAA Global Education, the training arm of ICPAS now offers the Master of Business Administration from the University of Newcastle, one of Australia's top research universities and premier business schools in the Asia Pacific region. Master success and be recognised globally with212 words
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Advertisement309 2011-07-14 5 I >sl fug ft Veam@^o//am/ The Luxury Of Resort-Style Living. Right At Home. Spacious Choice Units With Best Views, Starting From S$3.887M at S$1,050.00 psf. High expected yield of about 5% p.a. based on expected rental of S$15K S$16K per mth. Eleven@Holland, a cluster of stylish semi-detached residences set in309 words
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Advertisement745 2011-07-14 6 las 800 SUPER HOLDINGS LIMITED (Company Registration No. *****8701K) (Incorporated in the Republic of Singapore on 11 April 2011) Placement of 32,214,000 Placement Shares comprising 30,214,000 New Shares and 2,000,000 Vendor Shares at S$0.22 for each Placement Share, payable in full on application. The Board of Directors of 800 Super745 words
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Advertisement283 2011-07-14 6 SINGAPORE'S *****1.T CONSUMER TECHNOLOGY EXHIBITION www.comexshow.com.sg Join us at facebook M HR1 COMING SOON 1 st 4" September LEVELS Q, 0> SUNTEC SINGAPORE gi r* i, 'A zsi SINGAPORE'S BIGGEST I.T EXHIBITION OF THE YEAR! STAND TO WIN 1 ST PRIZE OF $20,000 CASH AND OTHER CASH PRIZES! (ONE COUPON283 words
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Advertisement92 2011-07-14 7 Investment^Trends Singapore's Best CFD provider for Customer Satisfaction. IG Markets ranked first for overall customer satisfaction.* Clients praised our value for money and tight spreads. We also ranked first for our easy-to-use platform and professional charts. Find all you need to get started at igmarkets.com.sg or call 6390 5118 CFD92 words
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SINGAPORE MARKETS
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Article, Illustration625 2011-07-14 8 R SIVANITHY - ST Index gains 11 points after 73-point loss in two days; turnover stays low at $1.07 billion STOCKS R SIVANITHY Senior Correspondent IT WOULD be difficult to report on yesterday’s stock market session without resorting to tired cliches such as “bargain hunting”, “profit taking” or evenSource: Bloomberg - 625 words
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Article66 2011-07-14 8 Jul 13 VALUE CLOSE BT OB/OS -100.00 -13.0 BT CADI -*****.00 +111.0 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 743.43 +1.23 FTSE ST Small Cap 515.27 +2.56 FTSE ST All Share 755.58 +2.54 FTSE ST China Top 248.76 +0.38 FTSE ST China 285.32 -1.09 FTSE66 words
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Article111 2011-07-14 8 Stock name Close Change CapMallsAsia 1.455 -0.015 CapitaLand 2.950 +0.070 CapitaMall 1.895 +0.005 CityDev 10.550 +0.050 ComfortDelGro 1.425 DBS Grp 14.710 F&N 5.800 +0.040 GLP 1.995 -0.025 Genting SP 1.865 +0.010 Golden Agri 0.695 +0.005 HK Land 6.800 -0.060 JMH 53.340 -0.060 JSH 30.260 Jardine C&C111 words
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Article186 2011-07-14 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 1 0 0 0 12 2 1 Manufacturing 60 44 42 5 3 5 65 47 47 Commerce 22 16 19 6 2 4 28 18 23 Tpt/Stor/Comms 19 11 12186 words
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BROKERS’ TAKE
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Article449 2011-07-14 8 June 13 close: $0.605 OCBC Investment Research, July 11 BREADTALK had an eventful month in June as it announced the establishments of three joint ventures (JVs). The announcements were expected as BreadTalk seeks to accomplish its expansion plans in China and Taiwan for its bakery and food court449 words
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Article376 2011-07-14 8 LYNN KAN - DBS Group Research, July 13 Compiled by LYNN KAN HAVING outperformed the Straits Times Index (STI) and developers by 3 per cent and 13 per cent respectively year-to-date, Singapore Reits (S-Reits) currently offer a weighted average yield of 5.9 per cent, which remains an attractive 350 basis points376 words
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Article136 2011-07-14 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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Article121 2011-07-14 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,147 27,147 69,965 69,965 Manufacturing 196,805 22,947 219,752 161,339 341 161,680 Commerce 90,936 4,020 94,956 86,404 411 86,815 Tpt/Stor/Comms 127,363 11,432 138,795 201,065 1,383 202,448 Finance 13,586 13,586 130,911 130,911 Construction 73,685 71,419 145,104 30,831121 words
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Article, Illustration447 2011-07-14 8 CURRENCIES Reuters [NEW YORK] The euro rose broadly yesterday, snapping a three-day losing streak as surprisingly swift Chinese growth brightened the global outlook and diverted attention from a worsening eurozone debt crisis. Even so, traders said markets remained on edge. The yen hitReuters; BLOOMBERG - 447 words
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Article56 2011-07-14 8 VOLUME EuNetworks 158,908,000 Golden Agri 62,675,000 PSL Hldgs 57,405,000 TopGlobal 48,241,000 Yangzijiang 29,340,000 CapitaLand 29,186,000 SingTel 26,678,000 Genting SP 26,676,000 TopGlobal W*****9 22,975,000 Mewah 21,221,000 VALUE($) CapitaLand 85,870,570 SingTel 85,339,580 Genting SP 49,830,741 DBS Grp 47,367,592 Keppel Corp 45,154,200 Golden Agri 43,390,150 Yangzijiang 40,389,650 UOB 39,528,020 GLD56 words
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Article114 2011-07-14 8 BY CENTS CLOSE UP GLD 10US$ ***** 331.3 1.8 DBXT Nifty 10US$ ***** 212.7 1.4 DBXT MSKorea 10US$ 6426 174.8 2.3 DBXT MSEurope 10US$ 4667 121.0 2.2 DBXT SPASX200 10US$ 3516 100.3 2.4 DBXT MSJAP 10US$ 3988 89.2 1.9 DBXT DBCBDJUBS 10US$ 3772 80.7 1.8 DBXT MSAsExJp 10US$ 3367114 words
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Article121 2011-07-14 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4191 -67.2 -1.3 STXPO 100 832 -38.0 -4.4 DBXT S&P500 10US$ 2095 -35.5 -1.4 Lyxor EmergingMkts 1 1147 -33.0 -2.3 CIMBAsean40 100US$ 1054 -13.5 -1.0 DairyFarm 849 -13.5 -1.3 UOB 5.05%NCPS 100 ***** -10.0 -0.1 DBXT FTVietnam 10US$ 2753 -8.6 -0.3121 words
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Advertisement1073 2011-07-14 9 Singapore's 1 st Most Established Event for Sourcing Corporate Gifts, Premiums, Branding Products Office Supplies Business Solutions GIFTS PREMIUMS FAIR 2 01 1 Singapore Gifts Premiums Fair 12 th Singapore International Trade Exhibition for Promotional, Corporate, Incentive and Retail Gifts www.SGPFair.com Stationery&OfficeLink 11 th Singapore International Trade Exhibition for Office1,073 words
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SINGAPORE NEWS
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Article, Illustration375 2011-07-14 10 TEH SHI NING - Developing Asia will overtake G-7 by then too, says Harvard professor By TEH SHI NING CHINA will overtake the US to become the world’s largest economy in 2018, in terms of gross domestic product at purchasing power parity. Developing Asia, which375 words
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Article, Illustration329 2011-07-14 10 KNG Properties put in the top bid of $64.5 million or $176 per square foot per plot ratio (psf ppr) for an industrial site between Pioneer Road North and Soon Lee Street at the close of the state tender yesterday. A total329 words
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Article, Illustration246 2011-07-14 10 BUSINESSMAN. Community leader. Public servant. These are just a few of the phrases that were used to describe Baey Lian Peck during his 80th birthday celebrations at the Fullerton Hotel last night. In conjunction with the festivities, Mr Baey’s biography was also launched yesterday byNURIA LING/THE STRAITS TIMES - 246 words
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Article, Illustration362 2011-07-14 10 ENYA LIM - By ENYA LIM TOY safety standards here will be getting a boost in the form of the setting up of a working group by Spring Singapore. Besides heightening awareness and educating the public, the group comprising representatives from Spring; the Consumers Association ofFILE PHOTO - 362 words
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314 2011-07-14 10 LESTER HIO - By LESTER HIO LOCAL researchers have developed a coating technology that will enable cars to “heal” themselves of scratches, and that could put an end to the need for minor paint jobs. Nanyang Technological University (NTU) Associate Professor Yang Jinglei and his team314 words
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Advertisement1150 2011-07-14 10 -}_`<<-&:'`%]&^}@/([*+:$`-:)-<^ Lnrciy —iSi SUNRAY HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sunray Holdings Limited ("the Company") will be held at RelUnion, Level 2, Hotel Re! Pearl's Hill, 175A Chin Swee Road, Singapore *****9 on1,150 words
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ECONOMY WATCH
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581 2011-07-14 11 Republican leader proposes ‘last-choice option’ to prevent debt default NYT [WASHINGTON] From the White House and Congress to financial centres, pessimism is spreading about the prospects of a debt-lim-it deal between President Barack Obama and Republicans, prompting the Senate Republican leaderNYT - 581 words
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Article446 2011-07-14 11 AP [SYDNEY] Australia’s government warned businesses yesterday that they face fines of up to US$1 million if they indulge in price gouging using an unpopular tax on polluting industries as an excuse. The Australian Competition and Consumer Commission (ACCC) “will keep a watchful eye outAP - 446 words
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Article, Illustration464 2011-07-14 11 Reuters [SYDNEY] A key measure of Australian consumer confidence slid sharply to a two-year low this month as households grew markedly more pessimistic about the outlook for the economy and their finances, partly due to concerns about a carbon tax. TheReuters; BLOOMBERG - 464 words
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Advertisement304 2011-07-14 11 THE RITZ-CARLTON RESIDENCES® BANGKOK Discover the Height of Luxury The Ritz-Carlton Residences, Bangkok Roadshow Ww ff 3 *1 wM IP L JA V* ft T SINGAPORE, 23-24 July Discover The Ritz-Carlton Residences, Bangkok, set within the mixed-use MahaNakhon development. As the tallest building in Bangkok, residents will enjoy the legendary304 words
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MALAYSIA/INDONESIA
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389 2011-07-14 12 PAULINE NG - M’sian group set to target renewable energy as new business venture By PAULINE NG in Kuala Lumpur MALAYSIA’S Berjaya Corporation and Korea’s Posco Engineering Construction Co Ltd will soon be collaborating on projects, with the former looking to tap on the latter’s389 words
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364 2011-07-14 12 AFP [KUALA LUMPUR] A Facebook petition has seen more than 170,000 people back a call for Malaysian Prime Minister Najib Razak to quit, days after an electoral reform rally was broken up by police firing tear gas. The page titled “100,000AFP - 364 words
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273 2011-07-14 12 AFP [WASHINGTON] US President Barack Obama will return to his childhood home of Indonesia for the second time in 12 months to meet with key Asian allies and regional powers, a US official said on Tuesday. Just over a year after heAFP - 273 words
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Article, Illustration470 2011-07-14 12 AP [TIMIKA, Indonesia] Thousands of workers at one of the world’s biggest gold and copper mines started returning to work yesterday, ending a nearly two-week strike that brought operations to a standstill. Union chief Sudiro, who goes by only one name, said thatAP; AFP - 470 words
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Advertisement75 2011-07-14 12 1 m ■C"« Mi L af m ASsfe J mmmm Sffk&l :.:V. A" '{f :.W;A m BERITA HARIAN Disampaifc 1 ENCIK MOUDSAIKBH R1C N Olfli Munieri Pcnffuig^ ltan Encik LuiTockYcw KAtfJuto 2011 i BERITA HARIAN CHIEVER OF THE YEAR 2011 MOHD SALLEH MARICAN For his unrelenting and never-say-die spirit to75 words
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GREATER CHINA/INDIA
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Article, Illustration504 2011-07-14 13 Appointment gives recognition to China’s power in global economy AFP [WASHINGTON] The International Monetary Fund on Tuesday named Chinese economist Zhu Min to a new deputy managing director’s position, giving long-awaited recognition to China’s huge power in the global economy. The IMF alsoAFP - 504 words
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420 2011-07-14 13 Less than 18m own credit cards in India, versus 200m in China Reuters [MUMBAI] India banks are pushing plastic again, hoping that credit card sales will lift profits in a market where the competition is tough, the opportunity large and the risks high. FewerReuters - 420 words
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415 2011-07-14 13 Reuters [SHANGHAI] China is preparing to conduct its first-ever stress test on the brokerage industry this year to ward off potential risks arising from a possible deterioration in the economic or market environment, three sources with direct knowledge of the plans said. China’sReuters - 415 words
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Article146 2011-07-14 13 Reuters [BEIJING] Li Keping, vice-chairman of China’s national pension fund, has been named executive director and chief investment officer of the country’s US$300 billion sovereign wealth fund which directs investments from China’s huge stockpile of foreign exchange reserves. Mr Li, vice-chairman of the US$130 billionReuters - 146 words
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Advertisement53 2011-07-14 13 Choice f T ln Singapo^ V m LX Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-026653 words
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Advertisement340 2011-07-14 13 SESAME APARTMENTS BATTERSEA, LONDON Swffl Prices from only £285,000* Rental returns in excess of 6% m Built by leading UK developer Thornsett Group Brand new 1 and 2 bed apartments with park and river views Excellent specification with all flooring and appliances included Located in the heart of Battersea Superb340 words
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WORLD
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217 2011-07-14 14 Reuters [LONDON] A Europe-wide test of the safety of its banks risks becoming a sideshow as long as politicians struggle to contain the continent’s debt crisis and the detrimental impact on day-to-day funding for lenders. Bankers say that rapidly rising funding costs areReuters - 217 words
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Article, Illustration583 2011-07-14 14 Italy promises to strengthen austerity measures and get it through Parliament Reuters AP [WASHINGTON] The International Monetary Fund called on Tuesday for “decisive implementation” by Italy to cut its public debt, as the country promised on Wednesday to strengthen its packageReuters; AP - 583 words
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400 2011-07-14 14 Reuters [MUMBAI] Three explosions rocked crowded districts of India’s financial capital of Mumbai during rush hour yesterday, killing at least 10 people, the media said, in the biggest attack on the city since 2008 assaults blamed on Paki-stan-based militants. At least 100 people were woundedReuters - 400 words
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280 2011-07-14 14 LATEST US DATA Reuters [WASHINGTON] US import prices fell in June for the first time in a year as petroleum and food costs tumbled, according to a government report yesterday that suggested that the commod-ity-driven spike in inflation was abating. OverallReuters - 280 words
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523 2011-07-14 16 ANTHONY ROWLEY - Updated plan likely to offer more details of timing, duration of stress tests By ANTHONY ROWLEY in Tokyo THE Japanese government said yesterday it will produce a revised “road map” for dealing with the Fukushima nuclear crisis as the battle intensifies523 words
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219 2011-07-14 16 AP [BRUSSELS] Online retailers like eBay Inc can be held responsible for the infringement of trademarks by goods they sell, Europe’s top court ruled on Tuesday. National courts can order online retailers to stop trademark infringement and prevent similar incidents in the future, the Luxembourg-basedAP - 219 words
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Article, Illustration663 2011-07-14 17 PM says those who okayed misdeeds must have no role in running media firm NEWS CORP UNDER SIEGE Bloomberg AFP [LONDON] UK Prime Minister David Cameron laid the ground for Rupert Murdoch to be summoned to give evidence to a public inquiry into phone hackingBloomberg; AFP; AP - 663 words
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241 2011-07-14 17 Reuters [LONDON] Tom Crone, the legal manager at Rupert Murdoch’s UK newspaper arm, which is fighting widespread hacking allegations, has left the company, a source familiar with the situation told Reuters yesterday. Mr Crone, a senior News International executive for 26 years,Reuters - 241 words
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442 2011-07-14 17 NYT [NEW YORK] News Corp moved on Tuesday to reverse the accelerating drop in its stock price, announcing a programme to repurchase US$5 billion in shares. Since last week, when a phone-hacking scandal involving one of the company’s British tabloids was revealed toNYT - 442 words
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Article, Illustration444 2011-07-14 18 AP [TOKYO] Toyota’s president said that the carmaker plans to take 100 per cent ownership of two car assembly companies it partly owns and combine one of them with two other subsidiaries in an effort to strengthen Japanese manufacturing. Toyota Motor Corp president AkioAP; AFP - 444 words
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421 2011-07-14 18 Moves come as spending pledges by PM-elect threaten to stoke inflation Bloomberg [BANGKOK] Thailand raised interest rates for the sixth straight meeting and signalled further increases as spending pledges by incoming leader Yingluck Shinawatra threaten to stoke inflation. The baht rose. The BankBloomberg - 421 words
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Article264 2011-07-14 18 Reuters [LONDON] As the world’s population of millionaires booms, the global wealth management industry is failing to convince new customers that its services are worth paying for, leaving it grappling with slowing sales alongside rising costs, research showed yesterday. Specialist wealth management consultant Scorpio PartnershipReuters - 264 words
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Advertisement343 2011-07-14 14 !`{_>?\?|!'<-/!]<$!~;<./&::`_-_ IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CARFORTH ENGINEERING PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration no. *****9131Z) IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CARRINGTON PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration343 words
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Advertisement204 2011-07-14 14 SPREAD THE LOVE DAZZLE AT Giirr dH n U V, 9 rV s Extend your love through Friendship and Hope, the theme for ChildAid 2011 an annual charity concert in aid of The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund. If you are 19204 words
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Advertisement6567 2011-07-14 15 Nestle Good Food, Good Life Nestle S.A. (Incorporated in Switzerland) (RNS Number: 2136S) JOINT ANNOUNCEMENT PROPOSED JOINT VENTURE TO BE IMPLEMENTED BY WAY OF A SCHEME OF ARRANGEMENT INTRODUCTION The respective Boards of Directors of Nestle S.A. ("Nestle") and Hsu Fu Chi International Limited (the "Company") are pleased to announce6,567 words
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Advertisement2444 2011-07-14 16 (Company Registration No. *****0983H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 24th Annual General Meeting of the Company will be held at GV Vivocity 1 HarbourFront Walk #02-30 Vivocity Singapore *****5 on Friday, 29 July 2011 at 9.30 a.m. to2,444 words
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Advertisement1676 2011-07-14 16 WATS NOTICES BUY IT• SELL IT• FIND IT Contel CONTEL CORPORATION LIMITED (Co. Registration No. *****) (Incorporated in the Bermuda) (the "Company") NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Contel Corporation Limited (the "Company") will be held at Auditorium of Katong Hostel,1,676 words
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Advertisement21 2011-07-14 16 THE OUTSIDER WHO BECAME QUEEN BOLLYWOOD’S DO-IT-ALL MAN TOP 10 THINGS ON THE INDIAN SHOPPING LIST GETYOUR COPYTOMORROW FROMALL 7-ELEVEN OUTLETS21 words
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Advertisement394 2011-07-14 17 CENTURY PROPERTIES Award-winning projects. Visionary developments. Excellence and innovation. REAL ESTATE WITH PASSION. For 25 years, Century Properties has been one of Asian real estate's brightest stars, with a solid reputation for building some of the most groundbreaking developments in the Philippines that have the essential mix of prime location,394 words
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Advertisement170 2011-07-14 17 > V£< NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School University of California Berkeley Haas School of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished cohort. An unique opportunity to gain further insights in Entrepreneurship, Innovation and Leadership from both an Eastern and Western170 words
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Advertisement2030 2011-07-14 18 ii ■mTMKiiiiKtasBSt; •1 IHtil ]ll*>1» LERENO BIO-CHEM LTD (Incorporated in the Republic of Singapore) (Registration No. *****1961C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 149 Rochor Road Fu Lu Shou Complex #05-13/15 Singapore *****5 on Friday,2,030 words
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Advertisement1269 2011-07-14 18 HATS "YTir^PQ Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES KING WAN CORPORATION LIMITED (Incorporated in Singapore) Company No.: *****1034R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of KING WAN CORPORATION LIMITED (the “Company”) will be held at the Board Room, 8 Sungei Kadut1,269 words
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Advertisement610 2011-07-14 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ROYCO CATERERS PTE LTD (INCORPORATED IN SINGAPORE) (COMPANY REGISTRATION NO.: *****4003M) STATUTORY DECLARATION BY DIRECTORS OF COMPANY INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITES I, Michael Douglas Royston Cole (NRIC No.: S*****99B) of Royco610 words
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Advertisement4975 2011-07-14 19 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg THE LEXICON GROUP LIMITED (Company Registration No. *****7135Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of The Lexicon Group Limited will be held at4,975 words
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EDITORIAL & OPINION
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458 2011-07-14 20 EDITORIAL US President Barack Obama and Republican and Democratic lawmakers have to reach a budget deal in the next few days in order to beat the Aug 2 deadline when the federal government will run out of money to pay its debts and458 words
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Article, Illustration806 2011-07-14 20 FREDERIC NEUMANN - THE BOTTOM LINE FREDERIC NEUMANN The writer is co-head of Asian Economics at HSBC HOW suddenly things can turn. Think back to the first quarter. Not only in Asia, but across the world, growth appeared robust. Even the battered US economy806 words
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Article, Illustration1045 2011-07-14 20 ANTHONY ROWLEY - Like for other discoveries or inventions, it’s better to remedy the defects ANTHONY ROWLEY Tokyo Correspondent BEFORE I turned to journalism, my career began in mechanical engineering and the company I worked for in Britain (HM Hobson Ltd), designed among otherREUTERS - 1,045 words
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Article, Illustration1091 2011-07-14 21 LIEVEN DEMEESTER - The drive can also be used to improve competitiveness in three ways: through innovation, strategy, and trust-building By LIEVEN DEMEESTER The writer is assistant professor of operations management practice at Singapore Management University and teaches a course on sustainable operations. This article is a lead-upREUTERS - 1,091 words
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Article, Illustration980 2011-07-14 21 MAK YUEN TEEN - By MAK YUEN TEEN The writer is an associate professor at the NUS Business School, where he teaches corporate governance and ethics YOUR report headlined “Boardroom income disparity widening: survey” (BT, July 13) on the recently released survey by theFILE PHOTO - 980 words
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AVIATION
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Article, Illustration441 2011-07-14 22 Planemaker wins more orders in first half than for the whole of 2010 Bloomberg [BUCHAREST] Airbus SAS, the world’s biggest commercial planemaker, will continue to ramp up jetliner production “progressively” as orders climb, the head of parent company European Aeronautic, Defence SpaceBloomberg; AFP - 441 words
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435 2011-07-14 22 VEN SREENIVASAN - By VEN SREENIVASAN PRIVATELY-OWNED and operated cargo carrier Jett8 is alive and well, and will resume operations within the next few weeks once it renews its Air Operators Certificate (AOC). Captain Louis Tan, whose holding company controls 72 per cent of Jett8,435 words
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260 2011-07-14 22 Bloomberg [SYDNEY] Qantas Airways Ltd engineers plan a one-minute work stoppage this week at Australia’s biggest airline to maintain their legal right to strike. Workers will put down their tools at 10 am on July 15 and forfeit one minute’s pay to comply withBloomberg - 260 words
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Article, Illustration585 2011-07-14 22 VEN SREENIVASAN - By VEN SREENIVASAN INDIA’S largest and fastest growing budget carrier IndiGo, which spent its initial years focusing on the domestic market, is now stepping up its push overseas. “Under Indian aviation rules, we needed to spend the first five years focusing on domestic services,”585 words
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Article3305 2011-07-14 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad SQ5313,305 words
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Page 22 Miscellaneous
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Miscellaneous364 2011-07-14 22 CRYPTIC CROSSWORD Across 1 To loosen restrictions on ale? Risible, daft! (10) 6 Charity some volunteers may hold back (4) 9 Before journey start with safety belt (5) 10 European composer uttered ‘things to do’? (9) 12 Bit of a game in pub —-sing out (7) 13 Bottle yet to364 words
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Article3944 2011-07-14 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMRISE Muscat/Sharjah/Doha/Dammam JIMFLUSH3,944 words
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Page 23 Advertisements
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Advertisement31 2011-07-14 23 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES31 words
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SHIPPING
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Article, Illustration851 2011-07-14 24 It pours US$3.4b into expanding ports amid record high container volumes Bloomberg [COLOMBO] Sri Lanka aims to create an Asian shipping hub capable of competing against Singapore and Dubai by pouring US$3.4 billion into expanding ports with Chinese help, after theBloomberg; BLOOMBERG - 851 words
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Article278 2011-07-14 24 SGX '000 Jul 13 S$ +/-Vol CH Offshore 0.42 unch 175 Chuan Hup Hldg 0.25 unch 63 Cosco Corp 1.82 unch 8178 CWT Ltd 1.30 0.01 699 Ezra Hldgs 1.50 unch 1822 First Ship Lea 0.35 -0.01 665 Freight Links 0.06 unch 925 Grand Banks 0.33 -0.04 2278 words
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365 2011-07-14 24 Top 20 lines control 84% of liner freight market in past year Reuters [SINGAPORE] Consolidation in the liner industry has surged to a record high as small start-up carriers find it increasingly difficult to compete against Maersk Line and other majors, an industryReuters - 365 words
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501 2011-07-14 24 Reuters [CHESAPEAKE, Virginia] The state of Virginia, which last tried a pirate in 1819 and prosecuted Blackbeard’s crew 300 years ago, has become the US centre for trying Somali pirates captured by the US Navy off the Horn of Africa. “We’re now up to the 26thReuters - 501 words
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Page 24 Advertisements
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Advertisement22 2011-07-14 24 FREIGHT BB FORWARDER i„ A, urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132722 words
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Advertisement15 2011-07-14 24 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8217 2011-07-14 25 Transaction date: Jul 13 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 8Telecom 15 -0.5 100 15 15 14.1 16 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 7.3 +0.2 308,217 words
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Article1503 2011-07-14 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 5.5 4 t AA Grp 4 3.6 4.3 19 3.9 202 139 t APStrategic 139 123 143 82.5 1.5 0.2 t Advanced System 0.31,503 words
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Article9985 2011-07-14 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.11/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.6486/ Asian Credit Fund9,985 words
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Article231 2011-07-14 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 41.5 48 3.6 8.1 3.4 112 55 18.5 Genting HK US$ US39 +1.5 7268 39 37.5 38.5 39 2568 21 10 OGL Resources231 words
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Article883 2011-07-14 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113.5 unch 2 113.5 113.5 114.6 518.1 1207 872 CIMBAsean40 100US$ US1054 -11 26 1079 1054 1064 1054 42.2 350883 words
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FINANCE & COMMODITIES
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374 2011-07-14 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 12 Index Change Change Change Change Change Change World Index Preliminary 903.9 -0.4 0.7 -0.4 -1.9 -0.3 2.4 EAFE Preliminary 770.4 -1.0 -3.8 -0.9 -4.6 -0.8 -0.4 Europe Preliminary 1134.6 -0.7374 words
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Article77 2011-07-14 27 CRUDE OIL PRODUCTS Jul 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.55 0.90 WTI (Near Mth) 96.97 2.02 Dubai (1-Mth F) 109.64 -0.98 Tapis blend 121.04 -0.99 Minas 117.24 -0.99 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.11 -0.61 Jet Kerosene 128.30 -1.25 US$/barrel Opec Oil77 words
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Article107 2011-07-14 27 Jul 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1366.50 1352.50 1367.00 1342.00 Aug 11 1355.50 1346.50 1364.00 1334.25 Sep 11 1355.00 1344.50 1362.50 1332.50 Nov 11 1358.25 1347.00 1366.00 1334.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.30107 words
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Article83 2011-07-14 27 Jul 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 13.10.2011 0.30 0.23 0.23 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.78 103.83 103.77 5-Year N*****0W 1.125 01.04.2016 101.6383 words
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Article454 2011-07-14 27 Jul 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6100 0 5612 Dec11 99.5150 0 3786 Mar12 99.4750 0 1578 Jun12 99.4100 0 431 EUROYEN TIBOR FUTURES Sep11 99.6625 1 1332 Dec11 99.6600 0 1392 Mar12 99.6550 99.6550 99.6550 99.6525 11 1823 Jun12 99.6450 100454 words
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Article147 2011-07-14 27 Jul 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 176 Sep 11 391 Oct 11 414 Nov 11 472.0 472.0 472.0 20 367 Dec 11 473.0 473.0 473.0 10 449 Jan 12 237 Feb 12 113147 words
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Article, Illustration75 2011-07-14 27 As on 12 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1559.6 1541.8 1549.2 1546.1 Silver Cash Sep-11 35.78 35.78 35.78 35.76 CURRENCY Aust-US Dollar Sep-11 1.0476 1.0476 1.047675 words
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Article121 2011-07-14 27 As at 9am Jul 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.345 1.269 Can dollar 1.294 1.245 Euro 1.748 1.681 Sterling pound 1.988 1.912 NZ dollar 1.035 0.986 US dollar 1.241 1.194 Local dollars to 100 units of foreign121 words
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Article27 2011-07-14 27 Jul 13 Open High Sett STI Jul 3087 SIMSCI Jul 355.1 360.4 358.4 Taiwan Jul 293.6 296.0 294.8 Source: MF Global (S) Pte Ltd27 words
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2497 2011-07-14 27 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 25.5 1 150 26 5.45 34 ASJ Hldgs W*****1 0.6 1 4 10 7.00 7 AlliedTech W*****2 1.9 1 4 28 Asia Water Tech Ltd W*****8 2.9 unch2,497 words
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Article179 2011-07-14 27 Jul 13 $S Offer Bid 0vernight 0.01 Par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.40 0.30 6 months 0.52 0.42 9 months 0.75 0.50 12179 words
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Article462 2011-07-14 27 Jul 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 6.908 0.760 8.320 47.583 91.323 0.847 11.325 3.228 1.293 91.643 45.960 1.306 7.311 0.886 30.837 32.329 0.669 1.068 Canada 0.974 6.727462 words
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Article85 2011-07-14 27 Jul 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-07-14 27 Jul 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3054 1.3066 1.0678 1.0679 Canadian dollar 1.2711 1.2728 1.0397 1.0403 Euro 1.7176 1.7193 1.4050 1.4052 NZ dollar 1.0087 1.0111 0.8251 0.8264 Sterling pound 1.9503 1.9522 1.5953 1.5956154 words
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Article22 2011-07-14 27 Jul 13 S$ Bid Offer 1-month 1.2224 1.2235 2-months 1.2224 1.2234 3-months 1.2223 1.2233 6-months 1.2216 1.2226 Source: OCBC22 words
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Article138 2011-07-14 27 Jul 13 GOLD (US$/oz) Jul 13 Jul 12 Hong Kong 1573.00 1546.50 Jul 12 Jul 11 London 1551.26 1545.29 1552.04 1546.10 Source: Thomson Reuters CAST BAR Jul 13 (S$) Selling Buying Kilobar "66,126.00" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 148 62 5gm 421 309 10gm 751138 words
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Article71 2011-07-14 27 Jul 12 Jul 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2461.50 2447.00 3 months 2492.00 2478.00 Copper, Grade A (US$/tonne) Cash 9629.00 9549.00 3 months 9650.00 9570.00 Lead (US$/tonne) Cash 2723.50 2665.75 3 months 2732.50 2676.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-07-14 27 Jul 12 COCOA (£/tonne) Close Prev High/Low Jul 11 1909 1905 1917/1885 Sep 11 1936 1933 1950/1914 Dec 11 1965 1962 1976/1944 Mar 12 1982 1977 1997/1963 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2241 2314 2286/2250 Sep 11 2291 2354 2324/2256 Nov 11 2319 2382 2349/2285 Jan 1282 words
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Article67 2011-07-14 27 Jul 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3065 3060 3065 3050 125 1061 Aug 11 3075 3099 3102 3067 1249 ***** Sep 11 3064 3082 3095 3055 ***** ***** Oct 11 3062 309167 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration810 2011-07-14 28 VICTORIA HO - Public Wi-Fi heats up as smartphones get ubiquitous, reports VICTORIA HO reports VICTORIA HO IT seems hunting for public Wi-Fi hotspots has all but faded away as a common occurrence with the ubiquity of cellular 3G connectivity. While many hotspots used to get choked with all810 words
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296 2011-07-14 28 AFP [NEW YORK] US videogame titan Electronic Arts said on Tuesday that it is buying PopCap Games, maker of popular titles such as Plants vs Zombies, Bejeweled and Zuma, for at least US$750 million in cash and stock. EA said that it willAFP - 296 words
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Article, Illustration940 2011-07-14 29 AMIT ROY CHOUDHURY - Study predicts 1.8 trillion gigabytes of data will be created this year, reports AMIT ROY CHOUDHURY reports AMIT ROY CHOUDHURY AN astounding 1.8 zettabytes that is 1.8 trillion gigabytes of information will be created and replicated worldwide in 2011, according to IT research agencySTOCK.XCHNG - 940 words
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487 2011-07-14 29 Reuters [SAN FRANCISCO] Groupon Inc offered its first car coupon on Tuesday, a sign the largest online daily deal company is expanding into bigger-ticket items. Groupon offered a US$199 deal good for US$500 off the purchase or lease of a new or preownedReuters - 487 words
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Page 28 Advertisements
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Advertisement293 2011-07-14 28 v SEEK THE ACCLAIM YOUG BDAND DESEDVES (SINGAPORE PRESTIGE BRAND AWARD 2011 Like the everlasting appeal of gold, a good Brand withstands the test of time and the arduous challenges of the external environment. In the global economy, Brands need to continually establish a distinct identity and have a strong293 words
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PROPERTY
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323 2011-07-14 30 Bernama [KUALA LUMPUR] Berjaya Land Bhd (BLand), a property and gaming company, will launch the first phase of Berjaya Jeju Resort, which has a total gross development value (GDV) of US$3.5 billion by year-end. Its chief executive officer, Francis Ng, said thatBernama - 323 words
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421 2011-07-14 30 M’sian property market is not saturated yet, says AM-EL official Bernama [KUALA LUMPUR] AM-EL Group sees a great demand for high-end condominiums, particularly those at strategic locations with right prices despite reports of slackening demand due to the current scenario in Europe andBernama - 421 words
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1559 2011-07-14 30 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 16/06/2011 999 990 1600 1616 One Shenton Apt 17/06/2011 991,559 words
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Article, Illustration269 2011-07-14 31 Bernama [JOHOR BARU] Tune Hotels will invest over RM907 million (S$367 million) to set up a network of 30 hotels worldwide in the next 18 months. Chief executive officer Mark Lankester said the hotels would be built in Malaysia, London, Indonesia,Bernama; BLOOMBERG - 269 words
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Article, Illustration353 2011-07-14 31 Govt curbs taking effect; prices seen staying flat due to lack of supply Bloomberg [HONG KONG] Hong Kong’s mass-market residential sales may fall in the second half from the first six months because of government curbs, said Jones Lang LaSalle Inc.Bloomberg; BLOOMBERG - 353 words
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Article, Illustration492 2011-07-14 32 Smaller job gains, tight credit may be preventing a sustained recovery Bloomberg [WASHINGTON] Mortgage applications in the US dropped for a fourth straight week, led by a decline in refinancing even as borrowing costs dropped. The Mortgage Bankers Association’s index fell 5.1 perBloomberg; BLOOMBERG - 492 words
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340 2011-07-14 32 It will pay US$581 m for Rivergate complex, 21 Chelsea Bloomberg [NEW YORK] UDR Inc, the third-largest publicly traded US apartment owner, agreed to pay about US$581 million for two Manhattan rental communities as it seeks to expand its foothold in the NewBloomberg - 340 words
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Article, Illustration777 2011-07-14 33 Transactions top US$13b, another US$4.4b of deals under contract Bloomberg [NEW YORK] Manhattan commercial-property sales more than doubled in the first half of the year, led by the highest-quality buildings, as investors competed for assets. Transactions completed through June 30 totalled US$13.1Bloomberg; BLOOMBERG - 777 words
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Article, Illustration539 2011-07-14 34 It is eyeing sites in Marina Bay as well as in traditional CBD RAFFLES Quay Asset Management (RQAM) already has two of Singapore’s best-known developments One Raffles Quay and Marina Bay Financial Centre in its portfolio. But the firm, which was set up aFILE PHOTO - 539 words
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Article, Illustration589 2011-07-14 34 Developers post gains from sales in third and fourth-tier or less affluent cities Bloomberg [SHANGHAI] China’s June housing transactions rose 31 per cent from May as homebuyers defied government curbs and developers posted gains from sales in smaller cities. The value of homeBloomberg; REUTERS - 589 words
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418 2011-07-14 34 Deals on track to top US$440b for year, says JLL Reuters [NEW YORK] Global commercial real estate sales rose 47 per cent in the second quarter from a year earlier to US$101 billion and are on track to reach or top US$440Reuters - 418 words
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Advertisement188 2011-07-14 30 GRAND TOWER D11 PRIME FREEHOLD RESIDENTIAL REDEVELOPMENT SITE FOR SALE Parkway Novera Hospital Square 2 Novena Medical Ctr NOVENA SUBJECT Ofy Velocity soleil O/i. Sinaran SITE RISE Rise Trilight L'viv BD O^ 4 NEWTON To Orchard Rd oP Newton Circus Newton Food Ctr Goldhill Shopping Ctr St. Joseph's Institution Junior188 words
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Advertisement20 2011-07-14 30 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices I I MATS NOTICES20 words
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Advertisement278 2011-07-14 31 KENGCHINRD EWE BOON RD R D ARDMORE PK DRAYCOTT PRIME LOCATION @D9. PRICE TO SELL Cliveden Grange: Just TOP. 3br ensuites, 2100sq ft. Sell below bank valuation. Big land size. Full facilities. Expat fav! Urban Suites: Fleart of Orchard. From S28XX psf Good for own stay/ investment Martin Place Res.278 words
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Advertisement281 2011-07-14 31 Building Wealth Through Structured Property Investinent srf. INCOME GENERATING ASSETS Benefit from secure and regular income returns plus long-term asset appreciation~ London Landmark Commercial bldgs with 5.11 -6% returns after cost. Hotel Investment 50-1 OOrms hotels in Central London Singapore Commercial Buildings in Shenton Way, Orchard Rd, River Valley Vicinity281 words
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Advertisement354 2011-07-14 32 sHLSSuttora 1. Sea View 6700sqft 9500sqft 2. Best Waterway 7500sqft, 5+1, cool 3. Golf Course 6859sqft, 6+1, Rare 4. Brand New Bungalows fr $16M++ 5. Island Lover Best Buy fr $14.8M+ 1. Sea View 8200sqft, 5+1, $35k 2. Waterway 7570sqft, 5+1, $30k 3. Golf Course/Sea View 6 +1, $32k Estate354 words
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Advertisement131 2011-07-14 32 PRIME ORCHARD AREA COMMERCIAL SPACE *Interior rendering For illustration only nomu Handy Road avant-garde double-storey commercial space contemporary architecture by multi-award winning WOHA wide street frontage, opposite Dhoby Ghaut MRT sale/lease freehold 588 sm (6,329 sf) exclusive, private lift lobby, parking, alfresco terraces ideal for all commercial uses retail/showroom/exquisite office131 words
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Advertisement18 2011-07-14 32 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MATS NOTICES18 words
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Advertisement120 2011-07-14 33 Royalville -250mtoSixthAveMRT 6227 6066ntialfor255aptsofave1,000sfTender Closing on8 July 2011 (Thur), 2.30 pm Land 174,176 sf; GPR 1.4 5-sty; FH 250m to future Sixth Ave MRT station Within 2 km to established Pri Int’l schs Near to F&B outlets, amenities and clubs Potential for 255 apts of ave 1,000 sf yewmin@credo.com.sg (CEA120 words
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Advertisement189 2011-07-14 33 u "M TW The Milton Brisbane meets all your needs Milton district's only new major apartment development with spectacular city skyline, river and Southbank view World class facilities including spa, sauna, BBQ area, observation deck and landscaped gardens Minutes to University of QLD and QUT, two of Australia's top universities189 words
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Advertisement246 2011-07-14 34 THE HERON THE CITY OF LONDON EC2 LONDON'S BEST SELLINO DEVELOPMENT The Heron is a collection of luxurious apartments and penthouses in the heart of London's Square Mile. It will offer residents an exceptional quality of life, an unrivalled location and exceptional views. Featuring a private club, a garden terrace,246 words
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