The Business Times, 4 August 2011
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2011-08-04
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The Business Times
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Title Section23 2011-08-04 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, August 4,201123 words
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739 2011-08-04 1 LEE U-WEN - Candidates say next president may have to make crucial decisions; Nomination Day on Aug 17 By LEE U-WEN [SINGAPORE] Singaporeans could head for the ballot boxes again this year on Aug 27 this time, to elect their next president in739 words
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940 2011-08-04 1 JAMIE LEE - Hospitality expenses come under the scanner as S’pore firms pore over the details By JAMIE LEE [SINGAPORE] The harsh new anti-bribery laws in the United Kingdom kicked in last month, but several Singapore firms are still working out if they could940 words
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Article144 2011-08-04 1 HST INDEX 3,130.34 (-46.75) H ST INDEX FUTURES 3,100 (-49) H SIMSCI 363.10 (-5.50) H SIMSCI FUTURES 358.60 (-5.60) FOREX US$ S$ US$ (S$ per US$) 1.208 (US$/S$ per 1.631 1.971 EURO (US$/S$/E) 1.425 1.721 Foreign currency per US$ S$ YEN 77.20 63.90 RM 2.974 2.461 HK$ 7.797144 words
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Page 1 Advertisements
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Advertisement9 2011-08-04 1 BizIT Alcatel Lucent sets sights on China PAGE 289 words
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Advertisement11 2011-08-04 1 OPINION The outcome of a ‘robotic’ process PAGE 21 *****1 *****411 words
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Advertisement190 2011-08-04 1 US CREDIT RATING China agency cuts it to A from A+ PAGE 3 PROPERTY Cash-rich HK developers target China PAGE 29 AAAthe perception The US may have kept its AAA grade but markets have long suggested it was not up to the mark PAGE 18 V aS 5® 19 Uncompromising190 words
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TOP STORIES
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Article580 2011-08-04 2 Trick or treat? Firms fret over UK’s bribery law THE harsh new anti-bribery laws in the United Kingdom kicked in last month, but several Singapore firms are still working out if they could be in for nasty surprises. The biggest question mark is over the interpretation of hospitality580 words
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632 2011-08-04 2 ‘State actor’ seen behind long-running offensive, with some suspecting China Reuters [BOSTON] Security experts have discovered the biggest series of cyber attacks to date, involving the infiltration of the networks of 72 organisations including the United Nations, governments and companies around the world.Reuters - 632 words
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Article, Illustration617 2011-08-04 2 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Backed by a strong balance sheet that includes some US$500 million (two billion UAE dirhams) in cash, Dubai’s dnata is on the hunt for more acquisitions around the world and particularly in the fast growing aviation market of Asia and the617 words
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Article, Illustration497 2011-08-04 3 America’s debt still outpaces its fiscal revenue despite lift of ceiling, it says [HONG KONG] China’s Dagong Global Credit Rating Co has cut its sovereign rating on the Unites States to “A” from “A+”, with a negative outlook, saying Washington’s debtBLOOMBERG - 497 words
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540 2011-08-04 3 LYNN KAN - Flows to region will continue in long term: BlackRock By LYNN KAN [SINGAPORE] Ongoing debt problems in Europe and the US are making fixed income investors focus on holding more Asian local currency bonds, says the world’s largest fixed income asset manager BlackRock. That540 words
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429 2011-08-04 3 SAMUEL EE - Temporary measure aimed at easing overcrowding By SAMUEL EE [SINGAPORE] The lifespan of some public buses will be extended to increase the fleet capacity by up to 6 per cent, says Transport Minister Lui Tuck Yew. The measure will ease overcrowding as429 words
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Advertisement136 2011-08-04 2 J Connect. Build. Inspire. Technology Fast 500 Asia Pacific 2011 It is all about revenue growth driven by leading intellectual property. The Technology Fast 500 Asia Pacific pre-eminent technology awards program is a ranking of Asia's 500 fastest-growing technology companies based on percentage revenue growth over three years. Now in136 words
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Advertisement120 2011-08-04 2 apbcOffices We invite you to work different. apbcOffices 1 -u r' w 75 High Street 9 Battery Rd, Straits Trading Building 9 Temasek Boulevard, Suntec Tower 2 30 Raffles Place, Chevron House VIRTUAL OFFICE Prestigious business address. Start immediately with minimal start-up cost. 3 tiers of services to suit your120 words
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Advertisement210 2011-08-04 3 facebook O facebook.com/kia.insider A WINNER ALWAYS RECOGNISES ANOTHER. Show your command of the open road and more when you choose one of our award-winning cars. At Kia, we've always had the habit of nurturing champions. From their sleek lines and innovative technology to the way they drive and enhance your210 words
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COMPANY NEWS
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Article, Illustration505 2011-08-04 4 JOYCE HOOI - It reports net profit attributable to unitholders of HK$653.7m for Feb 25 June 30 By JOYCE HOOI HUTCHISON Port Holdings (HPH) Trust posted a net profit attributable to unitholders of HK$653.7 million (S$ 101.2 million) for the period Feb 25 (when HPH was constituted) toBLOOMBERG FILE PHOTO - 505 words
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278 2011-08-04 4 LYNETTE KHOO - By LYNETTE KHOO YANGZIJIANG Shipbuilding has received 139.5 million yuan (S$26.1 million) worth of government incentives and tax subsidies from the municipal governments of Jingjiang and Jiangyin cities in Jiangsu province. This is expected to have a positive impact on its earnings per share278 words
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283 2011-08-04 4 NISHA RAMCHANDANI - Meanwhile, flights in Australia remain grounded till Aug 5 By NISHA RAMCHANDANI EMBATTLED budget carrier Tiger Airways has taken Singapore Airlines senior vice-president of flight operations Gerard Yeap onboard as a non-executive director. SIA holds a stake of about 33 per283 words
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STOCKS SWINGS
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330 2011-08-04 4 MINDY TAN - Reports by MINDY TAN SEMBCORP Marine (Sembmarine), the world’s sec-ond-biggest maker of oil rigs, fell as much as 25 cents, or 4.72 per cent to $5.05 in line with the market panic yesterday. The firm on Tuesday posted a 15 per cent330 words
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376 2011-08-04 4 VEN SREENIVASAN - By VEN SREENIVASAN AIRLINE stocks have fallen steadily this year and could be headed further down amid soaring fuel price, deteriorating economic conditions and falling consumer confidence. In its latest industry financial monitor, the International Air Transport Association (Iata) noted that the Bloomberg global376 words
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290 2011-08-04 4 STARHUB was the only telco to emerge unscathed from the trading bloodbath yesterday as investors continue to be spooked by the prospect of a credit rating downgrade and bleak economic signals in the United States. Shares of Singapore’s second-larg-est operator closed four cents higher yesterday290 words
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164 2011-08-04 4 SHARES in Neptune Orient Lines (NOL) dropped as much as six cents, or 4.3 per cent, to hit a low of $1.32 yesterday. A total of 12.4 million shares changed hands before the counter closed at $1.36, down 2 cents. In its Aug164 words
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133 2011-08-04 4 SHARES in Chinese shipbuilder Cosco Corporation climbed 3.5 cents, or 2.41 per cent, yesterday to close at $1.49 after the trashing it took in Tuesday’s trading session following the announcement of its dismal Q2 results. Cosco was the second most active stock133 words
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Article, Illustration300 2011-08-04 4 I WAS born in 1949. I lived through and remember the 1959 elections, when Singapore attained self-governing status. I remember the battle for merger and Singapore’s entry into Malaysia in 1963, and the acrimonious relationship between the Alliance Central Government and the PAP Singapore Government. I recall300 words
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Article, Illustration510 2011-08-04 5 MICHELLE TAN - It says strong results come on the back of healthy underwriting performance Reports by MICHELLE TAN GREAT Eastern Holdings (Great Eastern) announced yesterday that net profit for its second quarter ending June 30 climbed 58 per cent year on year to $117.7510 words
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332 2011-08-04 5 SINGAPORE’S leading insurance group, Great Eastern Holdings, plans to make Malaysia its Islamic headquarters. “Malaysia will be our Islamic headquarters as we look to expand in the region and all of our other markets that have a significant need for takaful (Islamic insurance) products,”332 words
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300 2011-08-04 5 NISHA RAMCHANDANI - By NISHA RAMCHANDANI THE Changi Airport Group (CAG) is collaborating with ST Electronics’ wholly owned subsidiary, ST Electronics (Satcom Sensor Systems), to implement a perimeter intrusion detection system (PIDS) for Changi Airport’s perimeter fence to beef up airfield security. The AgilFence PIDS with intelligent300 words
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405 2011-08-04 5 LYNETTE KHOO - Majority shareholder sets exit offer price at 19¢ per share By LYNETTE KHOO ANOTHER S-chip is headed for delisting. CMZ Holdings has received a proposal from its majority shareholder to take the company private at an exit offer price of 19 cents per405 words
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Article, Illustration383 2011-08-04 6 EMILYN YAP - Star performers are property investment and hospitality divisions By EMILYN YAP OVERSEAS Union Enterprise (OUE) yesterday posted a higher bottom line for both the second quarter and first half on the back of robust performances from its property investment and hospitalityFILE PHOTO - 383 words
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Article208 2011-08-04 6 At a glance 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Great Eastern 276.40 253.50 9.0 3,049.10 2,710.30 12.5 117.70 74.40 58.2208 words
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282 2011-08-04 6 KALPANA RASHIWALA - By KALPANA RASHIWALA ROXY-PACIFIC Holdings posted a 15 per cent year-on-year increase in second-quarter net profit to $14.9 million, despite a 16 per cent revenue drop. Its bottom line benefited from higher fair value gains on its shop units at Roxy Square.282 words
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268 2011-08-04 6 KELLY TAY - By KELLY TAY CONSTRUCTION group and property developer Tiong Seng Holdings Ltd yesterday announced that its wholly-owned subsidiary, Chang De Investments Pte Ltd, has successfully bid for the land-use rights of an 85,510 square metre residential site in Suzhou, for about 382268 words
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379 2011-08-04 6 FELDA CHAY - Earnings boosted by higher sales volumes for fertilisers By FELDA CHAY CHINA XLX Fertiliser’s second-quarter earnings for fiscal 2011 rose 24 per cent from a year earlier on higher sales volumes for its fertilisers. Net profit for the three months ended379 words
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177 2011-08-04 6 THE Singapore Exchange yesterday instructed Darco Water Technologies to appoint new auditors to carry out another audit of the company and the group. The audit, for the financial years ended Dec 31, 2009, and Dec 31, 2010, is aimed at providing clarity on177 words
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344 2011-08-04 6 JOYCE HOOI - By JOYCE HOOI SECURITIES trading volume fell in July on a year-on-year basis, even as derivatives trading activity rose during the same month, data from the Singapore Exchange revealed yesterday. On the securities front, market turnover dipped 2 per cent to 26.5 billion344 words
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199 2011-08-04 6 TEO SI JIA - By TEO SI JIA AUSTRALIAN residential property developer AVJennings posted a 34.1 per cent increase in net profit for the full year ended June 30, 2011, from A$9.62 million (S$12.4 million) to A$ 12.89 million. Revenue, however, fell 21.4 per cent from A$267.64 million199 words
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Advertisement489 2011-08-04 6 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICEISHEREBYGIVENthattheTransferBooksandRegisterofUnitholdersofHutchisonPortHoldingsTrust(“HPH Trust”) will be closed at 5.00 p.m. on 12 August 2011 for the purpose of determining each489 words
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Advertisement148 2011-08-04 7 THE STRAITS TIMES. tm Print. V MES OTP AT i V'V\ J'A A vv t > <*" M \> •t<n ■•i Online. r I K t'tT m4 Now, your favourite paper comes App that brings you in a new ST the full print edition*. st Free Trial Valid from now148 words
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SINGAPORE MARKETS
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Article, Illustration477 2011-08-04 8 VEN SREENIVASAN - ST Index sheds 46 points as market players fear a potential deceleration of US growth STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets sank for the second straight day as fears of another US-led global economic slowdown overshadowed the inking of the last-gasp US debt deal bySource: Bloomberg - 477 words
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Article64 2011-08-04 8 Aug 3 VALUE CLOSE BT OB/OS -94.00-320.00 BT CADI -*****.00-187.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 723.27 -6.32 FTSE ST Small Cap 508.50 -1.41 FTSE ST All Share 759.75 -10.08 FTSE ST China Top 242.64 -0.68 FTSE ST China 284.61 -2.21 FTSE ST Catalist64 words
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Article114 2011-08-04 8 Stock name Close Change CapMallsAsia 1.335 -0.060 CapitaLand 2.800 -0.060 CapitaMall 1.890 -0.010 CityDev 10.540 -0.110 ComfortDelGro 1.415 -0.035 DBS Grp 15.100 -0.190 F&N 5.940 -0.130 GLP 1.940 -0.040 Genting SP 1.870 -0.035 Golden Agri 0.720 -0.005 HK Land 6.800 -0.170 JMH 54.000 -0.830 JSH 31.370114 words
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Article186 2011-08-04 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 0 0 3 10 3 Manufacturing 41 69 53 2 7 7 43 76 60 Commerce 11 26 22 2 8 4 13 34 26 Tpt/Stor/Comms 9 24 11186 words
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BROKERS’ TAKE
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Article410 2011-08-04 8 DMG Partners Securities, Aug 3 THE supply chain management sector has good growth prospects and attractive valuations, and we are therefore “overweight” on the sector. Factoring in market concerns of slower global economic growth, which could lead to weakness in commodity prices, we therefore prefer players that410 words
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Article, Illustration335 2011-08-04 8 JOYCE HOOI - Aug 3 close: $7.40 DBS Group Research, Aug 3 Compiled by JOYCE HOOI Q4 2011 earnings grew 3 per cent q-o-q excluding the non-recurring ASX-Singapore Exchange (SGX) related expenses. Overall revenues were weaker q-o-q from lower securities and derivatives volume and values. But, derivatives revenues were at aSource: Bloomberg - 335 words
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Article135 2011-08-04 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article123 2011-08-04 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,768 40,768 101,989 101,989 Manufacturing 274,115 79,970 354,085 257,842 3,612 261,454 Commerce 94,735 5,493 100,228 124,076 1,195 125,271 Tpt/Stor/Comms 294,646 3,131 297,777 555,354 460 555,814 Finance 26,705 3,476 30,181 299,716 774 300,489 Construction 54,470 14,007123 words
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Article, Illustration457 2011-08-04 8 CURRENCIES AFP [TOKYO] The euro was in focus in Asia yesterday, amid signs of debt contagion in the eurozone and fears about the outlook for the US economy, while dealers were also looking to Japan’s reaction to a strong yen. The euro, whichAFP; AP - 457 words
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Article56 2011-08-04 8 VOLUME Genting SP 92,337,000 Cosco Corp 88,307,000 AddvalTech 76,734,000 Golden Agri 74,873,000 Equation 68,531,000 HanKore 54,990,000 HPH Trust US$ 52,358,000 SingTel 48,008,000 Yangzijiang 43,523,000 Midas 29,158,000 VALUE($) Genting SP 171,889,320 SingTel 161,317,625 Cosco Corp 126,035,905 SIA 120,140,757 DBS Grp 110,775,291 UOB 81,476,374 OCBC Bk 75,835,760 CapitaLand 74,523,42056 words
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Article112 2011-08-04 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ *****2491.9 8.5 GLD 10US$ ***** 514.6 2.7 DBXT S&P Short 10US$ 4395 68.9 1.3 UOB 5.05%NCPS 100 ***** 15.0 0.1 SIMSCI365MBePW*****0 39.5 8.0 25.4 CerebosPac 539 6.0 1.1 SGX 740 5.0 0.7 Orchard Parade 182 4.5 2.5 SGX MBL ePW*****5 36 4.5112 words
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Article118 2011-08-04 8 BY CENTS CLOSE DOWN IS S&P500 *****-315.3 -2.0 DBXT MSKorea 10US$ 6142-308.0 -4.0 DBXT Nifty 10US$ *****-172.7 -1.1 DBXT E50 10US$ 3993-163.1 -3.3 DBXT MSEurope 10US$ 4524-112.3 -2.0 DBXT SPASX200 10US$ 3409-108.7 -2.6 DBXT FTChina25 10US$ 3032-102.7 -2.7 DBXT MSJAP 10US$ 3959-102.7 -2.1 JMH 5400-100.3 -1.5 DBXT MSTaiwan 10US$118 words
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Advertisement144 2011-08-04 9 Xf CIAS MEMBER OF THE DNATA GROUP EMBARKING ON A GLOBAL JOURNEY WITH A NEW NAME If anata .r« K ss Today, CIAS embarks on a new era with a new name and identity. It heralds the commencement of our new global quest to be the most admired air services144 words
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SINGAPORE NEWS
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501 2011-08-04 10 TEH SHI NING - Included are data management and analytics, and green manufacturing By TEH SHI NING PRESS on with positioning Singapore as a global-Asia hub, developing pan-Asian capabilities in new growth areas while staying costcompetitive, a council of top MNC leaders advising the Economic501 words
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Article, Illustration563 2011-08-04 10 LEE U-WEN - By LEE U-WEN THE impact of casinos in Singapore and the relevance of the death penalty these are two key issues former high-ranking civil servant Tan Jee Say plans to bring up more if he is elected the country’s next president laterHO PENG YEW/LIANHE ZAOBAO - 563 words
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208 2011-08-04 10 KELLY TAY - By KELLY TAY AS part of its Competitive Research Programme (CRP) Funding Scheme, the National Research Foundation (NRF) yesterday awarded $30 million in grants to three food research projects. Under the theme “Meeting Future Food Demands for Singapore”, the awardees will receive funding support208 words
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274 2011-08-04 10 TEO SI JIA - By TEO SI JIA SINGAPORE’S consumer confidence level has gone against the grain, falling for the first time in nine consecutive quarters. According to the Global Online Survey by Nielsen, the Consumer Confidence Index for the second quarter shed six points to274 words
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326 2011-08-04 10 SAMUEL EE - By SAMUEL EE PASSENGER car COE premiums have softened from the highs hit in the previous bidding exercise as interest in new cars plunged over the past fortnight, according to some motor distributors. In yesterday’s tender, a certificate of entitlement for Category A (cars326 words
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217 2011-08-04 10 A REDEVELOPMENT site at 693 Geylang Road is up for sale by tender. The 99-year-leasehold property is located in the Geylang Conservation area and measures 6,488 square feet. It is regular in shape. Marketing agent Colliers International said yesterday that the site217 words
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SINGAPORE ROUNDUP
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91 2011-08-04 10 NANYANG Technological University (NTU) and JTC Corporation are setting up a joint research centre to promote the growth and development of economically viable and sustainable industrial infrastructure solutions in Singapore. The centre will be funded by JTC with an annual operations budget of91 words
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84 2011-08-04 10 THE Ministry of Finance will be conducting a public consultation on eight proposed legislative amendments in the draft Stamp Duties (Amendment) Bill 2011. The consultation will run from Aug 3 to 23. Two proposed amendments concern tax changes, including the removal of most84 words
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Article311 2011-08-04 10 FOUR candidates have been awarded the 2011 Lee Kuan Yew Scholarship, joining the ranks of 32 others who previously received the same award to pursue further studies in law, life sciences, and specialised medical courses. Two of the four candidates will attend Harvard University. Lim Hui311 words
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Advertisement788 2011-08-04 10 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg AZURETAX GROUP LIMITED ANNOUNCEMENT AzureTax Group Limited announces that its business arrangements with Dr Alan Howard Wilson, through AzureTax Pte. Ltd. (ATPL) and Azure Corporate Services Pte. Ltd. (ACS), have ended. These companies are no longer members of the788 words
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Advertisement299 2011-08-04 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRIDGE CAPITAL INVESTMENTS PTE. LTD. (Company Registration No. *****9144M) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of Bridge Capital Investments Pte. Ltd. (the “Company”) held on 28299 words
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Advertisement190 2011-08-04 11 RSM Ethos Governance, Risk Consulting firm > V i > ,.«f 35 dedicated qualified professionals, amongst the top risk advisory firms in Singapore Anchored by management team with average 20 years' experience Proven track record Distinguished clientele Member of RSM International, world's sixth largest accounting and consulting group Part of190 words
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ECONOMY WATCH
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643 2011-08-04 12 Japan an exception because its debt problems had intensified in recent months Reuters [SINGAPORE] The credit ratings of most Asian nations remain sound despite the debt problems in Europe and the United States, with the notable exception of Japan, a senior official atReuters - 643 words
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Article, Illustration417 2011-08-04 12 AP AFP [SYDNEY] Australia’s annual trade surplus has swelled to a record US$24 billion thanks to Asian demand for the country’s minerals and farm produce. Treasurer Wayne Swan said the figures released yesterday show the Australian economy is strong despite some softness in retailingAP; AFP; REUTERS - 417 words
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540 2011-08-04 12 Odds of a 50 bp cut in December soar to over 100% Bloomberg [SYDNEY] Reserve Bank of Australia governor Glenn Stevens has signalled that he would raise interest rates when global risks dissipate, a message dismissed by a bond market seeingBloomberg - 540 words
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372 2011-08-04 12 It contributed A$50b to nation’s GDP last year AFP [SYDNEY] The Internet now accounts for 3.6 per cent of Australia’s economic growth, rivalling the retail sector in value or worth about half the country’s lucrative mining exports, a study reported yesterday. TheAFP - 372 words
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Advertisement166 2011-08-04 12 _>ikr Research^! SINGAPORE 7\ v r i James Cook University Upcoming Events: 24 August 20 7 71 Time: 3.00pm to 6.00pm \Venue: The Singapore Zoo Public Lecture: The challenge of conserving dugongs in our region: issues of biodiversity, cultural diversity and food security by Professor Helene Marsh, Distinguished Professor of166 words
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MALAYSIA/INDONESIA
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Article, Illustration590 2011-08-04 13 PAULINE NG - Residential-retail venture part of 58-acre site slated for urban renewal By PAULINE NG in Kuala Lumpur ONE of Kuala Lumpur’s biggest urban renewal projects has taken a step closer to immediate construction. This comes with the emergence of Mah SingFILE PHOTO - 590 words
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279 2011-08-04 13 Reuters [KUALA LUMPUR] Kuwait’s Gulf Investment Corporation (GIC) has issued RM750 million (US$305 million) of five-year sukuk at 4.90 per cent, the deal’s sole lead manager AmInvestment Bank said yesterday. The announcement confirmed an earlier Reuters report that GIC had sold theReuters - 279 words
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421 2011-08-04 13 Price for Sulfindo is US$700m which some see as too rich Reuters [JAKARTA] Indonesian chemical producer Sulfindo Adiusaha is up for sale with a price tag of US$700 million and may draw interest from Thai industrial conglomerate Siam Cement and South Korea’s Hanwha ChemicalReuters - 421 words
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Advertisement113 2011-08-04 13 SiTF AWARDS2011 www.sitfawards.com Gongratulationsitaall[the [Shining AWARD CATEGORIES ORGANISATIONS AWARD CATEGORIES ORGANISATIONS JUDGES' CHOICE STRAITS TIMES. SINGAPORE PRESS HOLDINGS uiuui.stnnpnni.sg MULTIMEDIA CENTRE I STOMP We would also like to thank all our kind sponsors, supporting organisations, media partners and public relations partner for making this event a success. Organised by: Award113 words
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GREATER CHINA
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529 2011-08-04 14 July data indicates some industries withstanding govt’s bid to cool inflation Bloomberg [BEIJING] A Chinese nonmanufacturing index rose for the first time in three months in July, indicating that some industries are withstanding the government’s campaign to cool inflation in theBloomberg - 529 words
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331 2011-08-04 14 Reuters [BEIJING] China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two sources with knowledge of the plan said, a move that would strengthen Beijing’s grip on its lenders. China’s motivations forReuters - 331 words
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Advertisement112 2011-08-04 14 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares/Warrants ComfortDelGro *****38 Goh Suat Geok 500 Corporation Limited -do-*****89 -do-100 TEE International *****08 Phua Joo Khing 83,511 Limited112 words
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WORLD
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Article, Illustration456 2011-08-04 15 Bloomberg [NEW YORK] Pacific Investment Management Co and BlackRock Inc, which together oversee almost US$5 trillion, say the US economy is stalling. Bill Gross, who runs the world’s biggest bond fund at Pimco, and Peter Fisher, head of fixed income at BlackRock, say the FederalBloomberg; BLOOMBERG - 456 words
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572 2011-08-04 15 Reuters [NEW YORK] Goldman Sachs has stuck with the same auditing firm since 1926, Coca Cola since 1921, General Electric since 1909, and Procter Gamble since 1890. That’s going back 85, 90, 102 and 121 years. Each has relied onReuters - 572 words
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Article, Illustration593 2011-08-04 15 Malaysian budget carrier aims to be the world’s largest A special series brought to you by Bursa Malaysia and ShareInvestor Since bulking up by making the largest ever single- customer purchase fromEurope’sAirbus–200 planes for US$18 billion shares of AirAsia have risen by almost 25593 words
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598 2011-08-04 15 He calls for national infrastructure bank to leverage private capital towards public investment AFP [WASHINGTON] Admitting a bruising debt-limit battle has likely hampered US recovery, President Barack Obama urged polarised lawmakers on Tuesday to help the job-hungry economy put out the “nowAFP - 598 words
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Article, Illustration686 2011-08-04 16/17 ANTHONY ROWLEY - Ruling party sec-gen warns that govt may not be able to pay its bills by autumn By in ANTHONY ROWLEY in Tokyo JAPAN faces a “grave” fiscal crisis that “could be worse” than the one the US just averted such that Tokyo may runBLOOMBERG FILE PHOTO - 686 words
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Article, Illustration485 2011-08-04 16/17 Sarajevans throng McDonald’s first outlet in the capital AFP [SARAJEVO] It took four years, a lot of red tape and a little local jealousy, but the Big Mac is the new hero on Marshal Tito Street in downtown Sarajevo and, for many,AFP - 485 words
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273 2011-08-04 16/17 Bloomberg [LONDON] Prudential plc, the UK’s biggest insurer, will probably post faster growth in first-half profit than UK competitors Aviva plc and Legal General Group plc as demand grew for annuities in the United States and insurance in Asia. Prudential will likely sayBloomberg - 273 words
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Article, Illustration389 2011-08-04 16/17 Earnings of over US$3.6b puts bank on track for another record profit year Reuters [HONG KONG] Asia-fo-cused Standard Chartered Bank plc reported a mar-ket-beating 17 per cent rise in first-half pre-tax profit yesterday, helped by strong growth in emerging markets and keeping it onReuters; BLOOMBERG - 389 words
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Article, Illustration735 2011-08-04 16/17 Move could help Spain solve one of its major problems AFP [BERLIN] Germany has been quick to lecture southern European countries such as Spain in the eurozone crisis, but the government in Berlin would love to have one of Madrid’s problems: itsAFP - 735 words
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Article, Illustration1376 2011-08-04 18 The US may have kept its AAA grade but markets have long suggested it was not up to the mark NYT HANGING over the debt ceiling negotiations in Washington has been the threat of the US losing its AAA credit rating, a coveted measure of the federalNYT - 1,376 words
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Article, Illustration522 2011-08-04 19 EU president says yields don’t reflect true state of affairs Reuters [BRUSSELS] The European Union voiced support for Italy and Spain under attack on financial markets but acknowledged that investors now doubt whether the eurozone can overcome its sovereign debt woes. EuropeanReuters - 522 words
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462 2011-08-04 19 July ISM index drops below expectations to 52.7, the slowest since Feb 2010 LATEST US DATA Bloomberg [WASHINGTON] Service industries expanded in July at the slowest pace since February 2010 as orders and employment cooled, a sign the biggest part of the USBloomberg - 462 words
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566 2011-08-04 19 AFP Bloomberg [HONG KONG] Investors battered Italian and Spanish financial markets, while Asian markets slumped yesterday as traders switched their attention from the US debt deal to the weakening global economic outlook and fears of fresh sovereign debt contagion in the eurozone.AFP; Bloomberg - 566 words
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Page 15 Advertisements
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Advertisement141 2011-08-04 15 MNANYANG TECHNOLOGICAL 7T.V 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. 4T-BERKELEY-NANYANG ADVANCED MANAGEMENT PROGRAMME International Immersion, Asian Relevance. Experience first-hand the business wisdom of the East and West. Rich141 words
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Advertisement72 2011-08-04 16/17 www.vw.com.sg Zero road tax for the next 10 years. r p- r<> Polo Golf H!S S?4 HB Touran Scirocco Passat Passat CC VAT Caddy m L Transporter To enjoy this offer, test drive at Volkswagen Centre Singapore today. Hurry, offer ends 16 August. Volkswagen. Das Auto. Volkswagen Centre Singapore, 2672 words
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Advertisement55 2011-08-04 18 > r i AS Si '"all about Trust Just as you rely on your gown maker to deliver on your big day, you can turn to The Straits Times as a trusted source of news, views and reviews. r/t h I .1 i if W I®-A Hi Htm¥ N -^08^THE55 words
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Advertisement336 2011-08-04 19 EVENT HIGHLIGHTS Panel Discussion on Market Outlook (In English) Panel Discussion on 美亚洲荣 Geoff Howie (Moderator) Director Product Marketing, Sales Clients Singapore Exchange Mark Cranfield FX Strategist, Dow Jones Kevin Scully Executive Chairman Founder, NRA Capital David Cohen Director of Asian Economic Forecasting, Action Economics Chris Tse336 words
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EDITORIAL & OPINION
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Article, Illustration996 2011-08-04 20 SANCHITA BASU DAS - This calls for a bottom-up style that involves the business community By SANCHITA BASU DAS The writer is lead researcher for Economic Affairs at the Asean Studies Centre, Institute of South East Asian Studies. These are her personal views ASEAN Economic Ministers (AEMs) are meetingAFP FILE PHOTO - 996 words
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Article, Illustration906 2011-08-04 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent ONE of the more dismal features of the American budget drama, or pantomime, that has just ended is that the audience had no option other than to watch it play out at great length rather than906 words
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Article517 2011-08-04 20 EDITORIAL IF ever there was a Pyrrhic victory with global consequences, this was it. After all the grandstanding and bitter partisan rhetoric, a compromise bill raising the US debt ceiling has been passed by both chambers of the US Congress and signed by President Barack517 words
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Article, Illustration1260 2011-08-04 21 LEON HADAR - Compromise deal on debt ceiling plays into the hands of Obama’s rivals whose vision may be flawed but is consistent LEON HADAR Washington Correspondent NOW that “Watson”, the artificial intelligence (AI) computer system developed by IBM, has demonstrated in the US television quiz showBLOOMBERG - 1,260 words
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Article, Illustration849 2011-08-04 21 KOWSHIK SRIMAN - by KOWSHIK SRIMAN The writer is managing director, SAP Singapore COUNTRIES in the South-east Asian region have huge communities of small-to-medi-um scale enterprises (SMEs), many of whom employ thousands of workers and contribute to their GDP. In fact, most South-east Asian countries have more SMEsSTOCK.XCHNG - 849 words
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AVIATION/SHIPPING
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Article, Illustration448 2011-08-04 22 Senate fails to break partisan impasse that’s keeping 4,000 people jobless Bloomberg [WASHINGTON] About 4,000 employees of the Federal Aviation Administration will remain furloughed into September after US Senate majority leader Harry Reid failed on Tuesday to break the impasse over the agency’sBloomberg; AFP - 448 words
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Article, Illustration577 2011-08-04 22 Reuters [AMSTERDAM] Dutch freight and delivery firm TNT Express reported a smaller-than-expected fall in second-quarter adjusted operating income on Monday due to a stronger performance in Europe and more effective cost controls. The express delivery firm has been suffering on two fronts; its customersReuters; BLOOMBERG FILE PHOTO - 577 words
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554 2011-08-04 22 Results driven by new products, emerging markets Reuters [LONDON] British industrials group GKN beat first-half profit forecasts, driven by new products and strength in emerging markets in its automotive business, and tipped its aerospace division to improve in the comingReuters - 554 words
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781 2011-08-04 22 Bloomberg [WASHINGTON] Longshoremen at ports in Washington state and Vancouver are set to load more timber and lumber onto vessels destined for Japan as the world’s third-biggest economy rebuilds from a US$220 billion natural disaster. The March 11 9.0-mag-nitude earthquake and resultingBloomberg - 781 words
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Page 22 Miscellaneous
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Miscellaneous324 2011-08-04 22 CRYPTIC CROSSWORD Across 8 I love diplomacy after end to war it can restore order (4,3) 10 Individual’s passionate on a particular occasion (3-4) 11 Outlook for good little relative no being hugged! (9) 12 Paper money I have cast into fire regularly! (5) 13 Sauce from troublesome person with324 words
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Article3759 2011-08-04 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMFLUSH Muscat/Sharjah/Doha *Loads3,759 words
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Page 23 Advertisements
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Advertisement31 2011-08-04 23 Experienced !>H/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES31 words
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Advertisement0 2011-08-04 23 %':_$*$~\}_^]^@::&<$)+~{&\$+,^]0 words
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SHIPPING
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Article, Illustration504 2011-08-04 24 It’s tapping demand for bulk carriers as China, India sustain coal, iron imports Bloomberg [TOKYO] Anchor Ship Investment Co, Japan’s largest ship-fund manager, may more than double its fleet to as many as 50 vessels because of rising imports of coal and iron oreBloomberg; BLOOMBERG - 504 words
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Article, Illustration445 2011-08-04 24 AFP [MUMBAI] India’s maritime authorities were yesterday probing how an unmanned oil tanker managed to drift undetected into the country’s coastal waters before running aground off the coast of Mumbai. Head of India’s maritime watchdog Directorate General of Shipping SB Agnihotri saidAFP; REUTERS - 445 words
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407 2011-08-04 24 Returns on Saudi Arabia-Japan trip fall to negative US$1,734 a day Bloomberg [LONDON] Supertanker owners paid clients for a second day to charter vessels on the industry’s benchmark route as vessel supply continued to outpace demand. Returns for very large crude carriers, each ableBloomberg - 407 words
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Article278 2011-08-04 24 SGX '000 Aug 3 S$ +/-Vol CH Offshore 0.41 -0.01 94 Chuan Hup Hldg 0.25 unch 350 Cosco Corp 1.49 0.04 ***** CWT Ltd 1.28 -0.01 921 Ezra Hldgs 1.21 0.01 6978 First Ship Lea 0.35 unch 1146 Freight Links 0.06 unch 455 Grand Banks unch unch 0278 words
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Page 24 Advertisements
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Advertisement19 2011-08-04 24 FREIGHT FORWARDER urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132719 words
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Advertisement16 2011-08-04 24 Legal services required by shippers owners Can they find your services here in the Shipping Times?16 words
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SINGAPORE STOCKS
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Article8346 2011-08-04 25 Transaction date: Aug 3 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 14.8 13.1 15.5 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 6.6 -0.3 352 6.6 6.6 6.6 78,346 words
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Article1571 2011-08-04 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 34 20 t 800 Super 20.5 -0.5 2864 21 20 20.5 21 7 36.7 5.5 3.7 t AA Grp 3.7 3.6 4 17.6 3.61,571 words
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Article9984 2011-08-04 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.14/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.69/ Aberdeen Asset Mgt Asia Limited American Opp 0.615/ Asian Credit Fund9,984 words
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Article231 2011-08-04 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 $mil 56 34 AVJennings A43cd 41 49 3.6 8.1 3.4 112 55 24.5 Genting HK US$ US43 -0.5 ***** 43.5 42 42.5 43 2831.3 21 10 OGL Resources231 words
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Article904 2011-08-04 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 $mil 124 108 ABF SG Bond ETF 116 unch 6 116 116 116 116 529.5 1207 890 CIMBAsean40 100US$ US1102 -26 2 1102 1102 1096 1110 44.1904 words
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FINANCE & COMMODITIES
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374 2011-08-04 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 2 Index Change Change Change Change Change Change World Index Preliminary 870.8 -1.4 -3.0 -1.3 -6.0 -1.4 -0.1 EAFE Preliminary 742.1 -1.7 -7.3 -1.6 -7.3 -1.7 -1.4 Europe Preliminary 1077.2 -2.0374 words
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Article77 2011-08-04 27 CRUDE OIL PRODUCTS Aug 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.53 -0.02 WTI (Near Mth) 93.69 -1.46 Dubai (1-Mth F) 110.24 -2.81 Tapis blend 120.81 -2.86 Minas 116.81 -2.86 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.78 -2.55 Jet Kerosene 130.60 -3.15 US$/barrel Opec Oil77 words
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Article107 2011-08-04 27 Aug 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1373.00 1358.75 1377.50 1348.00 Sep 11 1370.00 1353.25 1375.00 1342.00 Nov 11 1379.75 1362.00 1384.75 1350.75 Jan 12 1390.25 1373.00 1394.50 1361.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 57.09107 words
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Article85 2011-08-04 27 Aug 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 03.11.2011 0.21 0.15 0.13 1-Year BY*****X 02.05.2012 0.24 0.15 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.98 104.02 104.00 5-Year N*****0W 1.12585 words
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Article457 2011-08-04 27 Aug 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5950 0 3894 Dec11 99.4950 0 4150 Mar12 99.4700 0 1891 Jun12 99.4450 0 2074 EUROYEN TIBOR FUTURES Sep11 99.6650 200 1374 Dec11 99.6650 0 1478 Mar12 99.6625 0 1823 Jun12 99.6600 2 1376 Sep12 99.5900457 words
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Article145 2011-08-04 27 Aug 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 486.0 480.0 486.0 56 393 Oct 11 490.0 483.0 490.0 34 417 Nov 11 484.5 483.0 484.5 18 410 Dec 11 495.0 484.1 495.0 32 533 Jan145 words
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Article, Illustration51 2011-08-04 27 As on 2 August 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4269 1.414 1.4221 1.4216 Aust-US Dollar Sep-11 1.0869 1.0774 1.0791 1.0904 BASE METALS Copper Cash Sep-11 9750 9652 969751 words
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Article121 2011-08-04 27 As at 9am Aug 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.341 1.266 Can dollar 1.282 1.233 Euro 1.749 1.682 Sterling pound 2.006 1.929 NZ dollar 1.072 1.021 US dollar 1.228 1.181 Local dollars to 100 units of foreign121 words
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Article27 2011-08-04 27 Aug 3 Open High Sett STI Aug 3100 SIMSCI Aug 364.2 365.4 358.6 Taiwan Aug 299.2 299.7 293.0 Source: MF Global (S) Pte Ltd27 words
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2415 2011-08-04 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 22.5 1 150 35 5.69 33 ASJ Hldgs W*****1 0.5 1 4 7 8.40 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 2.1 -0.32,415 words
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Article180 2011-08-04 27 Aug 3 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.26 0.16 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.65 0.45 9 months 0.75 0.55 12180 words
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Article85 2011-08-04 27 Aug 3 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article462 2011-08-04 27 Aug 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.929 0.756 8.392 47.738 91.306 0.831 11.416 3.201 1.245 93.141 45.456 1.301 7.320 0.836 31.142 32.050 0.660 1.076 Canada 0.967 6.702462 words
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Article137 2011-08-04 27 Aug 3 GOLD (US$/oz) Aug 02 Aug 03 Hong Kong 1626.50 1668.60 Aug 01 Aug 02 London 1630.69 1638.99 1631.50 1639.80 Source: Thomson Reuters CAST BAR Aug 03 (S$) Selling Buying Kilobar 68,842.73 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm 782137 words
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Article71 2011-08-04 27 Aug 2 Aug 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2555.00 2557.75 3 months 2583.00 2585.00 Copper, Grade A (US$/tonne) Cash 9657.00 9629.50 3 months 9680.00 9650.00 Lead (US$/tonne) Cash 2544.00 2547.00 3 months 2561.00 2565.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article154 2011-08-04 27 Aug 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2996 1.3019 1.0759 1.0769 Canadian dollar 1.2573 1.2589 1.0409 1.0413 Euro 1.7204 1.7223 1.4243 1.4247 NZ dollar 1.0436 1.0461 0.8640 0.8653 Sterling pound 1.9696 1.9718 1.6306 1.6311154 words
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Article22 2011-08-04 27 Aug 3 S$ Bid Offer 1-month 1.2079 1.2089 2-months 1.2078 1.2089 3-months 1.2078 1.2088 6-months 1.2068 1.2079 Source: OCBC22 words
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Article67 2011-08-04 27 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3141 3140 3150 3137 155 2491 Sep 11 3132 3121 3135 3116 3756 ***** Oct 11 3126 3113 3130 3107 ***** ***** Nov 11 3122 310967 words
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Article82 2011-08-04 27 Aug 2 COCOA (£/tonne) Close Prev High/Low Sep 11 1854 1857 1863/1847 Dec 11 1884 1888 1892/1879 Mar 12 1899 1907 1910/1896 May 12 1912 1918 1921/1909 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2120 2102 2175/2106 Nov 12 2152 2133 2205/2136 Jan 12 2169 2149 2213/2160 Mar 1282 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration728 2011-08-04 28 VICTORIA HO - It’s developing lightRadio technology jointly with China Mobile, reports VICTORIA HO reports VICTORIA HO WHILE Alcatel Lucent’s biggest business is still in North America, it has its sights set on China’s rapidly developing telecoms market for its next expansion. And to expedite that, the728 words
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277 2011-08-04 28 Reuters [HONG KONG] China’s Huawei Technologies Co Ltd, the world’s No 2 network equipment maker, launched its cloud computing smartphones yesterday, looking to ride a mobile industry boom that drove a 64 per cent sales rise in its devices unit in the firstReuters - 277 words
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291 2011-08-04 28 VICTORIA HO - By VICTORIA HO THE government’s back-office shared services arm has added SAP to its range of capabilities offered, in the hope of attracting more public agencies and statutory boards to outsource their operations to it. Vital, which provides shared services for human resources291 words
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Article, Illustration671 2011-08-04 28 AFP [WASHINGTON] Google is a latecomer to social networking but its new site, Google+, is growing much more rapidly than Facebook, Myspace and Twitter did in their early days, technology experts said on Tuesday. While Google+ may be the fastest-growing social network ever, it remainsAFP; AP - 671 words
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Page 28 Advertisements
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Advertisement23 2011-08-04 28 ASK TO SELL MORE MUFFINS Online advertising made simple affordable to help your business grow. Log on to www.sphdad.com Sfl Digital Ad Direct23 words
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PROPERTY
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Article, Illustration1269 2011-08-04 29 They have an advantage over mainland property firms that are squeezed by govt curbs Bloomberg [HONG KONG] Hong Kong developers are poised to snap up land in China at a time when their mainland rivals’ finances are being sapped by government property curbs. Builders includingBloomberg; BLOOMBERG - 1,269 words
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1586 2011-08-04 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alessandrea Apt 08/07/2011 FH 1098 1300 1184 Tanglin View Apt 07/07/2011 99 11411,586 words
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Article, Illustration1377 2011-08-04 30 They’re using smartphone apps to track the behaviour of shoppers to better meet their needs Bloomberg [LONDON] The world’s largest mall owners are harnessing digital technology to stem an erosion in their tenant base by online retailing and to keep shoppers comingBloomberg; BLOOMBERG - 1,377 words
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193 2011-08-04 30 It posts £28.7m pre-tax gain, hopes to meet target Reuters [BANGALORE] British property website Rightmove reported a 17 per cent rise in first-half pretax profit, as more homebuyers and sellers flocked to its site, and raised its dividend by 40 per cent. The company,Reuters - 193 words
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Article, Illustration1890 2011-08-04 31 Housing market slump and weak US dollar make properties attractive for international buyers Bloomberg [NEW YORK] RoustamTariko, billionaire owner of Russian Standard Bank and Russian Standard Vodka, completed the most expensive home purchase in Miami Beach since 2006 when he bought a US$25.5 millionBloomberg; PHOTOS: BLOOMBERG - 1,890 words
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Advertisement32 2011-08-04 29 savills Think property, think Savills. Selling or Leasing? The Singapore market is full of opportunity. So talk to Savills, the agent of change. Call 6836 6888 or visit residential.savills.com.sg AGENCY NO. L*****88B32 words
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Advertisement114 2011-08-04 30 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Illl iSSSSS A Specialist Mortgage114 words
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Advertisement7 2011-08-04 30 Chinese consumers tofilelawsuit against DaVinci withindays Tosubscribe,call6388-3838orgotosphsubscription.com.sg7 words
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Advertisement160 2011-08-04 30 A Redevelopment Site at Geylang Rd Aljunied Paya Lebar SIMS AVE g w Subject N m n Site m n a cc cc cc u o #00 -1 _i _i < GEYLANG RD < 1 Accessible via Lor 37 Geylang Site Area: 6,488 sq ft (approx.) 1 Tenure: 99 Years160 words
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Advertisement253 2011-08-04 30 New Exclusive Projects y Rare gem Jalan Sultan, 2 Storey with Mezzanine y 15 units Conservation Shop houses fully restored y 99 Leasehold (Build-In 32,993sqft, Land 15,196sqft) y Selling Enbloc with land and building y Suitable for Retail, Office, F B and Hotel Call Billy 9230 9575 for more details.253 words
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Advertisement61 2011-08-04 31 6 LORONG 26 GEYLANG Rectangular land, approx 7860 sq ft Zoned Residential with Plot Ratio 2.8 Over 80% consent (11 out of 12 units signed) Can build 36 units of 600 sq ft Tender closing 5th August 2011, Friday 3pm Enquiries STRATAAMC PTE LTD Lic. no. L*****96A Anne Loh 9456-691061 words
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Advertisement119 2011-08-04 31 For Sale ByTrustees GCB At Andrew Road Land 11,357 sq ft; Freehold Rectangular; Double frontage For Sale by Trustees/Executors Zoned Good Class Bungalow Opposite MacRitchie Reservoir Pk Ideal for Permanent Residents with approval to purchase for own stay Tender Closing on 31stAugust 2011 (Wed), 2.30pm Irinn Lee (Ms) irinn@credo.com.sg (CEA119 words
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Advertisement213 2011-08-04 31 v*°3 How to make MONEY from Commercial Industrial Real Estate Investment. Seminar Do you know that: thenar performer for year 2011/2012 Com3inio|^ii'BrateiM^i^oeejjjoy both High yield and capital gain 2:30pm 4:30pm (Reg. starts 2:00pm) Comm/lnd Real.&state'investment is rjfQ.t.affected by cooling measures money from Comm/lnd investment FREE Seminar for Investors Date Time213 words
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VISIONARIES
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Article, Illustration1058 2011-08-04 32 Award-winning self-taught architect Tadao Ando’s approach to architecture is rather unconventional WITH his very first design, Japanese architect Tadao Ando established a new sensibility in modern architecture an architecture that was as much cerebral as it was visceral. The building, the Row House in Sumiyoshi, OsakaATTILA BUJDOSO, BLOOMBERG - 1,058 words
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Advertisement140 2011-08-04 32 boulevard Featuring 28 stunning bespoke residences located in Orchard Road. Designed by Takashi Sugimoto of Super Potato Tokyo, Boulevard Vue's distinctive glass-sheathed architecture evokes instant status and recognition. Be the limited few to know. For a private viewing of the Boulevard Vue sales gallery at the corner of Cairnhill and140 words
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