The Business Times, 23 August 2011

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Microfilm: NL31592
Total Pages: 29
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, August 23,
    23 words
  • Article, Illustration
    Lock icon Shipping stocks get that sinking feeling
    669 1  -  Many are trading close to prices last seen during the dark days of 2008 By JOYCE HOOI [SINGAPORE] Almost three years after the economy hit rock-bottom in late-2008, shipping and offshore stocks are bearing the brunt of the panic and are now right back
    Source: Bloomberg  -  669 words
  • Article, Illustration
    Lock icon More units cranked out as home sizes shrink
    881 1  -  Study shows that actual number of private homes on GLS sites exceeded estimates By KALPANA RASHIWALA [SINGAPORE] A study by Savills Singapore has put some hard numbers to the big lure of small apartments. Developers have been squeezing out more units on
    Source: Savills Research & Consultancy, GLS Programmes and URA  -  881 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 HST INDEX 2,731.81 (-1.82) H ST INDEX FUTURES 2,726 (-7) G SIMSCI 314.97 (+0.18) H SIMSCI FUTURES 310.10 (-4.20) FOREX US$ S$ US$ (S$ per US$) 1.208 (US$/S$ per 1.650 1.992 EURO (US$/S$/E) 1.441 1.741 Foreign currency per US$ S$ YEN 76.80 63.50 RM 2.972 2.460 HK$ 7.799
    144 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Libyan rebels declare end to Gaddafi rule
      687 2 Momentum against Gaddafi regime has reached a tipping point: Obama Bloomberg [MISRATA] Libyan rebels said that the 42-year rule of Muammar Gaddafi “is over” as opposition fighters fought pockets of loyalist troops near the presidential compound in southern Tripoli and in the centre
      Bloomberg; AFP  -  687 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      572 2 More units cranked out as home sizes shrink A STUDY by Savills Singapore has put some hard numbers to the big lure of small apartments. Developers have been squeezing out more units on sites bought at state land tenders in recent years than was initially estimated. The total
      572 words
    • Article
      Lock icon Gas supply from M’sia hurt by shortage
      564 2  -  By RONNIE LIM [SINGAPORE] Malaysian gas supply volumes to Singapore have been affected by a prolonged gas supply shortage across the Causeway, BT understands from sources, although the exact extent is not known. They were commenting on reports last week that said Malaysia’s
      564 words
    • Article
      Lock icon Local banks stay on top in Asia ranking
      318 2  -  They also move up on list of world’s 50 safest banks By TEO SI JIA [SINGAPORE] Local banks have topped the list of Asia’s safest banks once again, in a survey conducted by Global Finance magazine. DBS Bank has staked its claim
      318 words
    • Article, Illustration
      Lock icon Mobius sees stock markets climbing on rising inflation
      559 2 The Fed hasn’t given up supporting the economy, he says Bloomberg [SYDNEY] Global stock markets are “bouncing along the bottom” after tumbling 16 per cent in the past four weeks, and will start to climb as inflation accelerates, said Templeton Asset Management’s
      Bloomberg  -  559 words
    • Article
      Lock icon Some property sites pack them in, some leave more breathing space
      999 4  -  By KALPANA RASHIWALA [SINGAPORE] Five projects on sites sold under the 2006-2010 state land sales programmes will yield at least 50 per cent more units than the state’s estimates for these sites indicated in the respective Government Land Sale
      999 words
    • Article, Illustration
      Lock icon Soaring Aussie dollar hits manufacturers
      701 4 Largest steelmaker plans to shut half of its steel-making capacity, cut jobs Reuters [MELBOURNE] Australia’s strong currency struck a heavy blow to the nation’s manufacturing industry yesterday when BlueScope Steel, its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and
      Reuters; AFP  -  701 words
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      Lock icon Page 3 Advertisements Column 1
      141 3 Supporting SMEs, championing big dreams. Best SME Bank 2010-2011 by Alpha Southeast Asia Magazine Best ASEAN SME Bank 2011 by Asian Banking and Finance Magazine As the longest established local bank, we have always been there for Small and Medium-Sized Enterprises. Through our commitment to support the growth ambition of
      141 words
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      1344 4 BEATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR ASIAFUN PTE. LTD. (f.k.a. 9 Group Pte. Ltd.) (Co. Reg. No. *****4959E) (In Provisional Liquidation) (Incorporated in the Republic of Singapore) Take notice that Mr. Lim Yeong Seng, CPA, Approved Liquidator of Kong, Lim Partners, 13A Mackenzie
      1,344 words
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      37 4 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements MATS NOTICES TheBusinessofTime The BT Watch Supplement 2011 is thicker and comes in two sections. Get your copy with BT this Friday.
      37 words
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  • COMPANY NEWS
    • Article
      Lock icon Keppel-linked Aqua, Floatel to merge
      447 5  -  924m kroner plan includes taking Oslo-listed Floatel private By JAMIE LEE KEPPEL Corporation, which owns 32 per cent of Floatel International through an associate, plans to take the Oslo-listed company private in a 923.5-mil-lion-kroner (S$204 million) deal. Floatel a portmanteau of float and hotel owns
      447 words
    • Article, Illustration
      Lock icon Office Reits fall further on rental concerns
      444 5  -  By UMA SHANKARI THE unit prices of office real estate investment trusts (Reits) continued to fall yesterday on concerns that rental reversions will be negative in the next few quarters as the economy slows. Suntec Reit lost four cents or 3 per cent
      Source: Bloomberg  -  444 words
    • Article
      Lock icon ARA beneficiary of growth in Asia: Citi
      307 5  -  By MICHELLE TAN ARA Asset Management (ARA) is a beneficiary of the continued economic growth in Asia as investors remain positive on the prospects of Asian real estate, says Citi Investment Research. Last week, Citi initiated coverage of the Singa-pore-based real estate investment
      307 words
    • Article
      Lock icon FJ Benjamin FY2011 net profit up 57%
      234 5 FASHION retailer FJ Benjamin Holdings’ net profit for the full year ended June 30, 2011 (FY2011) surged by more than half to $12.96 million on the back of record turnover and stronger margins. The net profit attributable to shareholders was 57 per cent
      234 words
    • Article
      Lock icon Keppel, F&N among BofA Merrill Lynch stock picks
      607 7  -  Brokerage says it is looking beyond market gyrations to seek out gems By LYNETTE KHOO KEPPEL Corporation and Fraser and Neave (F&N) are among Asean stocks picked by Bank of America Merrill Lynch (BofAML) as possessing strong qualities to ride an economic
      607 words
    • Article
      Lock icon Another step to help differentiate ETFs
      192 7 THE Singapore Exchange (SGX) has added another measure to improve investor awareness of exchange traded fund (ETF) structures. With the embedded risks of synthetic replication ETFs coming into the spotlight of late, SGX sees the increasing need to raise awareness among investors on the
      192 words
    • Article
      Lock icon YZJ issues 2nd clarification to calm investors
      510 7  -  Says it has no plans for a convertible bond issue By JOYCE HOOI YANGZIJIANG Shipbuilding (Holdings) sought to allay investors’ fears for the second time in four weeks yesterday, as persistent rumours about the firm dogged the stock and pummelled its price. Despite
      510 words
    • Article
      Lock icon SGX signs up first Chinese trading member
      341 7  -  By JAMIE LEE THE Singapore Exchange (SGX) yesterday signed on its first Chinese trading member, as China’s demand for trading of derivatives on foreign exchanges is expected to increase. GF Futures (Hong Kong), a subsidiary of Guangzhou-based GF Group, has been added to
      341 words
    • COMPANY BRIEFS
      • Article
        Lock icon Singapura Finance reports 20% earnings drop
        68 7 SINGAPURA Finance’s net profit for the full year ended June 30, 2011, fell 20 per cent to $9.5 million. This was primarily due to the squeeze in interest margin under a low interest rate environment and intense price competition from other financial institutions. It
        68 words
      • Article
        Lock icon Kreuz wins US$25m of subsea contracts
        51 7 KREUZ Holdings has been awarded subsea installation contracts worth about US$25 million by an offshore construction company based in the Middle East. There is an option for US$10 million worth of “associated works”. Works are slated to be completed in the second quarter of
        51 words
    • Article
      Lock icon SIAS advice on Sino-Env scheme
      426 7  -  By LYNETTE KHOO COME Friday, shareholders and creditors of beleaguered S-chip Sino-Environ-ment will be casting their votes on a proposed scheme of arrangement that could provide some value to their investments. Securities Investors Association (Singapore), or SIAS, said yesterday that it has been approached by
      426 words
    • Article
      Lock icon Aims AMP Capital proposes 5-into-1 share consolidation
      215 7 AIMS AMP Capital Industrial Reit Management Limited yesterday proposed a five-into-one share consolidation, which will see shareholders receive one new share for every five existing shares held as at a book closure date to be announced. The company currently has 2.207 billion issued
      215 words
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      Lock icon Page 5 Advertisements Column 1
      192 5 BAKER M?KENZIE .WONG LEOW Japan Real Estate Seminar: Current Opportunities and Legal Environment Real estate opportunities are surfacing as Japan emerges from the Global Financial Crisis and the Great East Japan Earthquake. Our partners from the Tokyo Office will focus on foreign investments in the Japanese real estate market, including
      192 words
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      Lock icon Page 5 Advertisements Column 2
      172 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market gyrates between fear, hope
      529 6  -  Many market players blame the increased volatility and uncertainty on algorithmic trading STOCKS VEN SREENIVASAN Senior Correspondent THE Singapore market, like the rest of Asian bourses, went on a roll-er-coaster ride yesterday as sentiment gyrated between fear and hope ahead of this Friday’s Federal Reserve
      Swite Bloomberg  -  529 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.165 +0.025 CapitaLand 2.430 +0.040 CapitaMall 1.740 +0.010 CityDev 10.200 +0.450 ComfortDelGro 1.310 +0.005 DBS Grp 13.360 -0.150 F&N 5.520 +0.080 GLP 1.605 -0.055 Genting SP 1.500 -0.025 Golden Agri 0.640 +0.005 HK Land 5.420 +0.020 JMH 48.470 -0.600 JSH 28.760
      114 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 5 0 0 0 5 6 5 Manufacturing 38 74 38 7 4 7 45 78 45 Commerce 17 27 18 4 6 1 21 33 19 Tpt/Stor/Comms 14 22 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,421 39,421 116,347 116,347 Manufacturing 240,493 6,676 247,169 231,778 178 231,956 Commerce 182,802 6,960 189,762 182,156 714 182,871 Tpt/Stor/Comms 239,694 1,919 241,613 298,094 167 298,261 Finance 32,038 98 32,136 313,147 20 313,167 Construction 60,970 6,875
      123 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Aug 22 VALUE CLOSE BT OB/OS -1446.00 +375.0 BT CADI -*****.00 -130.0 BT 10-day MA -*****.00-145.00 FTSE ST Mid Cap 629.55 -3.32 FTSE ST Small Cap 421.02 -4.24 FTSE ST All Share 660.72 -1.26 FTSE ST China Top 198.68 +0.29 FTSE ST China 233.65 +1.43 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Genting SP 230,316,000 Golden Agri 112,548,000 HSI*****MBeCW*****9 76,041,000 MDR 69,219,000 Noble Grp 50,217,000 Yangzijiang 43,684,000 Sheng Siong 42,436,000 SingTel 40,763,000 Cosco Corp 39,154,000 HPH Trust US$ 37,897,000 VALUE($) Genting SP 344,905,985 DBS Grp 117,692,174 SingTel 117,170,074 UOB 92,705,714 OCBC Bk 76,465,480 Keppel Corp 73,125,183 Golden Agri
      59 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon UE E&C
        404 6 Aug 22 close: S$0.34 OCBC Investment Research, Aug 22 UE E&C is a medium-sized construction and engineering group with three main divisions: construction (FY2010: 85 per cent of total revenue); mechanical and electrical (M&E) engineering (8 per cent); and others (7 per cent), including property development and rental/supply
        Source: Bloomberg  -  404 words
      • Article, Illustration
        Lock icon Genting Hong Kong
        281 6  -  Aug 22 close: US$0.30 CIMB Research, Aug 22 Compiled by JOYCE HOOI GOING by the recent splendid Q2 2011 results of its 50 per cent-owned NCL, Genting Hong Kong seems to be not only riding growth in the Philippine gaming market but also reaping the rewards of
        Source: Bloomberg  -  281 words
      • Article
        Lock icon Glossary:
        135 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article, Illustration
      Lock icon Fed speculation hurts dollar vs high-yielders
      467 6 CURRENCIES Reuters [NEW YORK] The dollar slipped against commodity-linked currencies yesterday as some investors speculated that the Federal Reserve would take new measures to boost the ailing US economy, while Swiss authorities moved to drive down the franc. The Fed will host its annual
      Reuters; REUTERS  -  467 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP GLD 10US$ ***** 301.8 1.4 DBXT Nifty 10US$ ***** 164.2 1.3 DBXT MSEurope 10US$ 4032 113.5 2.4 DBS Bk 4.7% NCPS 100 ***** 112.0 1.1 DBXT SPASX200 10US$ 3164 88.1 2.4 DBXT FTVietnam 10US$ 2595 82.1 2.7 DBXT MSKorea 10US$ 4986 68.8 1.2 Jardine C&C
      115 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN Lyxor AsiaCS 10US$ 5185-164.2 -2.6 DBXT iBoxxKR 5US$ *****-132.8 -0.8 DBXT MSUSA 10US$ 2727-120.7 -3.5 IS DJ US Tech 5614 -97.8 -1.4 DBXT MSJAP 10US$ 3558 -91.8 -2.1 DBXT S&P500 10US$ 1807 -77.3 -3.4 JMH 4847 -72.4 -1.2 JSH 2876 -72.4 -2.0 IS S&P500 *****
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      100 7 11X DAILY Additional frequencies for business travellers Fly from Changi Terminal 1 KUALA LUMPUR ALL-IN FARE ONE WAY FROM SGD Book now till 28 August 2011 Travel Period: 1 March 26 April 2012 Get your low fares only airasia.com WORLD'S BEST LOW-COST AIRLINE 2009 2010 2011 Our seats are limited
      100 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Forty-six NTUC affiliated unions back Tony Tan
      500 8  -  The remaining 15 choose to stay neutral, says labour chief PRESIDENTIAL ELECTION 2011 Reports by LEE U-WEN FORTY-SIX out of the labour movement’s 61 affiliated unions have declared that they will support former deputy prime minister Tony Tan in his bid to become
      DESMOND FOO/THE STRAITS TIMES  -  500 words
    • Article, Illustration
      Lock icon Good to raise taxi drivers’ age limit to 75: Tony Tan
      655 8 THE age limit for taxi drivers should be raised from the current 73 years to 75 years, said presidential candidate Tony Tan, as this would be in line with the government’s ongoing push for older Singaporeans to remain working
      DESMOND FOO/THE STRAITS TIMES; NEO XIAOBIN/THE STRAITS TIMES  -  655 words
    • Article
      Lock icon RHB to operate 15 forex counters at Changi Airport
      248 8  -  By STEPHANIE RIADY RHB Bank Singapore will soon be operating 15, or half of the total number of currency exchange counters in Changi Airport after winning a three-year tender, it announced yesterday. As it will be increasing the number of counters
      248 words
    • Article
      Lock icon Guidebook for start-ups updated
      259 8  -  By STEPHANIE RIADY THE latest edition of the Regulatory and Business Guide for Start-ups was launched yesterday by the Minister of State for Trade and Industry Teo Ser Luck. The updated guide covers information that is useful for fledging entrepreneurs in Singapore who are seeking to
      259 words
    • Article
      Lock icon Take eGov solutions to Latin America: IE
      322 8  -  By MICHELLE YEO INTERNATIONAL Enterprise (IE) Singapore is encouraging Singapore companies to utilise e-Govern-ment (eGov) opportunities in Latin America as the region embarks on a drive to increase its productivity and transparency. Citing the Economic Commission for Latin America (ECLA), IE Singapore noted
      322 words
    • Article, Illustration
      Lock icon Ideas sought to create a City in a Garden
      363 8  -  By KELLY TAY IMAGINE climbing a rock wall feature underneath an MRT track, or cycling through the old rail corridor for 20km without having to stop at traffic light junctions. These are just some of the possibilities that the National Parks
      363 words
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  • SME Inc
    • Article, Illustration
      Lock icon Hoisting himself back up to success
      1068 9  -  Having seen his company’s ups and downs, BD Cranetech founder says entrepreneurs should have never-say-die attitude, reports KELLY TAY reports KELLY TAY ‘IF you’re truly an entrepreneur, you don’t wait for business to come you go out and get it,’ declares Jeffrey Lim, founder
      ARTHUR LEE  -  1,068 words
    • Article, Illustration
      Lock icon Wasting no time to progress
      946 10  -  800 Super Waste Management says it has managed to remain competitive by responding swiftly to the needs of the market By KENNETH HENG JI HAO, KWEK HSIEN YAO SHERLYN LOH NOI SAN The writers are students of NUS Business School ‘IF you want to know
      YEN MENG JIIN  -  946 words
    • Article, Illustration
      Lock icon Satisfying a variety of taste buds
      792 10  -  Drinks processed food distributor CKL is set to go beyond S-E Asia to Russia and the UAE By KENNETH HENG JI HAO, KWEK HSIEN YAO SHERLYN LOH NOI SAN The writers are students of NUS Business School DRINKS and processed food maker and supplier
      YEN MENG JIIN  -  792 words
    • Article
      Lock icon Raising prices without upsetting customers
      453 10  -  ASK NUS PROFS Lau Geok Theng, Department of Marketing, NUS Business School Q: In view of the rising prices of raw materials, my company is considering increasing the selling prices of our goods by 10-20 per cent. How can we do that without creating an
      453 words
    • Article, Illustration
      Lock icon Ins and outs of franchising
      2295 12 OVERVIEW FRANCHISING is known as a faster way to help a brand owner grow quickly, while giving novice entrepreneurs a shot at running a business with the support of an already established business model. But the approach also gives rise to its own set of
      2,295 words
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      Lock icon Page 9 Advertisements Column 1
      184 9 0 SINGAPORE WORKFORCE SKILLS QUALIFICATIONS Made for women too Recognising that women want to be empowered in their home improvement experiences, Home-Fix created "Ladies' Night The Urban Woman's Guide to Home Improvement". With friendly staff on hand to guide aspiring ladies on the use of basic power tools, types of
      184 words
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      93 10 Started out as a fortnightly column, 'Ask NUS Profs' will now be a weekly collaboration with NUS Business School. Every week, a panel of professors from the school will address business-related questions relevant to SMEs. If you manage a business and have a question to ask the panel, please e-mail
      93 words
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      381 11 CIMB BUSINESS INTEREST CURRENT ACCOUNT In business, 0.3%* p.a. is better than nothing. Much better. We know, like you do, that every dollar counts. Which is why we don’t want you to miss out on a single opportunity to earn money for your business. Unlike most other banks, our new
      381 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Maybank profit hits record RM4.45b
      524 13  -  Group revenue for Q4 amounted to RM5.7b and profit to RM1.15b By PAULINE NG By in Kuala Lumpur MALAYAN Banking has posted record earnings of RM4.45 billion (S$1.8 billion) for the fiscal year to end-June as its net profit attributable to equity holders improved by
      524 words
    • Article
      Lock icon Indonesia poised to become car hub
      381 13 Xinhua [JAKARTA] Indonesia is set to become the leading car manufacturer in the Southeast Asian region as more investments pour in from leading car manufacturers. Prominent carmakers from the United States, Japan, Germany, and India recently announced expansion plans in Indonesia and, this year
      Xinhua  -  381 words
    • Article
      Lock icon Petronas unit plans to extend reach in S-E Asia
      473 13 Bloomberg [KUALA LUMPUR] Petronas Dagangan Bhd, the best-performing stock in Malaysia’s benchmark index this year, plans to extend its reach in South-east Asia after making its first overseas venture into Indonesia. The retail arm of Malaysia’s state oil and gas group
      Bloomberg  -  473 words
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      300 13 LIONGOLD CORP Congratulations to LionGold Corp Ltd for the successful change of name from The Think Environmental Co Ltd “This is a watershed moment for LionGold Corp Ltd. With gold prices continuing to hit new highs, we aim to focus on building value through sustainable mining practices coupled with a
      300 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Traders putting faith in Trichet to save euro
      609 14 Despite eurozone’s debt crisis, currency is still going strong as ECB steps in Bloomberg [NEW YORK] Foreign-ex-change traders are putting their faith in Jean-Claude Trichet, betting the European Central Bank president will save the euro from a collapse predicted by everyone from
      Bloomberg; AP  -  609 words
    • Article
      Lock icon Some bonds show ratings don’t matter as yields fall
      513 14 Funds treating Indonesia, Turkey debt as havens Bloomberg [LONDON] For the first time in five years, emerg-ing-market debt is breaking its link with riskier assets and trading in sync with securities investors deem the safest. Gains in local-currency debt of developing
      Bloomberg  -  513 words
    • Article, Illustration
      Lock icon Tokyo says it will keep close watch on yen speculation
      565 14 Reuters [TOKYO] Japan will take decisive action against any speculative moves in the currency market, Finance Minister Yoshihiko Noda said, signalling Tokyo’s readiness to intervene to stem further yen rises after its spike to a record high last week. Mr
      Reuters; BLOOMBERG  -  565 words
    • Article
      Lock icon Germany to balance public finances sooner than expected
      396 14 Positive development this year will continue until 2015, says the ministry AFP [FRANKFURT, Germany] Germany, Europe’s powerhouse economy, said yesterday that it will balance its public finances sooner than expected, slashing this year’s projected budget deficit to 1.5 per cent from 2.5
      AFP  -  396 words
    • Article
      Lock icon US yields price in QE3 as traders anticipate US$500b
      414 14 Bloomberg [NEW YORK] Record-low yields on US Treasuries show traders expect Federal Reserve chairman Ben S Bernanke to signal as soon as this week that the central bank will begin a third round of asset purchases to boost the economy, a
      Bloomberg  -  414 words
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      63 14 FREEGOODIEBAG with every September issue purchased at PlayTest@COMEX! Enjoy 30% off subscription gifts. PlayTest@COMEX Learn tips and tricks about gadgets and tech at our exclusive seminars. Date: 1-4 Sep 2011 (Thu-Sun) Venue: Suntec Convention, Level 2 Meeting Rooms 208-209 Log on to www.playtest.sg for details of seminar topics and registration.
      63 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China vice-premier reaffirms ‘prudent’ monetary policy
      582 15 He also calls for more bank support for small firms and agricultural sector Reuters [BEIJING] Chinese Vice-Pre-mier Wang Qishan reaffirmed Beijing was sticking to a “prudent” monetary policy in remarks published yesterday, and stressed the need for banks to increase support for small firms
      Reuters  -  582 words
    • Article, Illustration
      Lock icon Indian govt moves towards talks with Hazare
      677 15 Anti-graft activist, into 7th day of fast, masses huge support Reuters [NEW DELHI] India’s government tentatively moved to open talks with an an-ti-corruption activist who has shed 5kg in a week-long hunger strike that has earned him more public support at the expense
      Reuters; AP  -  677 words
    • Article, Illustration
      Lock icon Hearing of Filipina maid’s bid for PR starts in HK court
      564 15 Case sparks debate over army of domestic helpers AFP [HONG KONG] Hong Kong yesterday began hearing a Philippine maid’s legal bid for permanent residency, in a landmark case that has sparked debate over the army of domestic helpers sustaining
      AFP  -  564 words
    • Article
      Lock icon HK inflation in July quickens to 7.9%
      508 15 Rising prices, wealth gap may stoke social discontent Bloomberg [HONG KONG] Hong Kong’s inflation accelerated to 7.9 per cent last month, the fastest pace since 1995, discouraging spending and hampering any rebound after an economic contraction. The gain from a year earlier compared
      Bloomberg  -  508 words
    • Article
      Lock icon China Construction Bank posts H1 net of US$14.5b
      160 15 AP [SHANGHAI] State-owned China Construction Bank Ltd, the country’s third-big-gest commercial lender, says its first-half profit rose 31 per cent to US$14.5 billion, buoyed by higher income from fees and interest. The Beijing-based bank reported late on Sunday that profit for JanuaryJune
      AP  -  160 words
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      103 15 SEMINAR: The Business Environment and Opportunities in Iskandar Malaysia Discover the benefits of expanding your business A/ Investing in Iskandar Malaysia: Incentives, Rules and Regulations by Malaysia Industrial Development Authority, Singapore (MIDA, Singapore) Product Capability and Financing Option by OCBC Malaysia Investment Opportunity with Setia Business Park Date: Thursday, 25
      103 words
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      240 16/17 RYSLE Jeep C;v":' V..- HARLEY-DAVIDSQN ferrari Mercedes-Benz v ml -f 1 •■*-?&<« £§13 I vDRIVING AHEAD, ALWAYS C •V •;g-A 'ttjb a--»i V* r- r*r*"^3 K vjr n» Ci«S® Mi '•w3 m i e ES^O r. H j rii *vv *?a M4DCM jBSift- Tfiifcr' *y v-T''*-.' r --t' V- r
      240 words
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  • WORLD
    • Article
      Lock icon Finland-Greece loan guarantee pact meets German resistance
      666 18 Dispute may scuttle Greek bailout, force Athens to leave eurozone: analysts AFP [BERLIN] Germany said yesterday that a deal Finland struck with debt-wracked Greece for Athens to provide collateral in exchange for loan guarantees required the consent of all 17 eurozone members. The
      AFP  -  666 words
    • Article, Illustration
      Lock icon Icahn said to win big from bet against S&P 500
      595 18 Bloomberg [WASHINGTON] Activist investor Carl Icahn made a US$2 billion wager last week on a decline in the benchmark Standard Poor’s 500 Index, a hedge for his stock holdings that generated more than US$100 million in profit as equities fell,
      Bloomberg; AP  -  595 words
    • Article
      Lock icon Overdue US mortgage payments jump on weakening economy
      560 18 Bloomberg Reuters [BOSTON] The percentage of US mortgages overdue by one month rose to the highest level in a year in the second quarter as homeowners who lost jobs were unable to make their payments. The share of home loans overdue by
      Bloomberg; Reuters  -  560 words
    • Article
      Lock icon Areas near Japan nuke plant to remain off-limits
      403 18 AP [TOKYO] Some residents evacuated from around Japan’s stricken nuclear power plant may not be able to return to their homes for “a long time” due to projections that high radiation levels will linger, a top government official said yesterday. The government
      AP  -  403 words
    • Article
      Lock icon DHL to sponsor Man U’s training kit
      603 18 Bloomberg [LONDON] Manchester United, the record 19-time English soccer champion, announced a four-year agreement for delivery company DHL to sponsor its training apparel, a deal that two people familiar with the matter said is worth about £40 million (S$79.5 million). The contract is
      Bloomberg  -  603 words
    • Article
      Lock icon More than 18,000 finance jobs cut in US
      644 19 Hiring and firing cycles lead to low staff morale and poor service to customers Reuters [NEW YORK] Layoffs have been sweeping Wall Street with more than 18,000 finance job cuts announced this year. Credit Suisse Group began laying off 2,000 employees in
      Reuters  -  644 words
    • Article, Illustration
      Lock icon Ferrari fetches record US$16.4m at auction
      295 19 Bloomberg [NEW YORK] A curvy red 1957 Ferrari became the most expensive car sold at auction, fetching US$16.4 million at Gooding Co on Aug 20 and topping a weekend of sales in which cars outshone equities. The Ferrari 250 Testa Rossa prototype, which competed
      Bloomberg; BLOOMBERG  -  295 words
    • Article, Illustration
      Lock icon Japanese premier set to step down this week
      517 19 Tough decisions on strong yen, raising taxes await new PM Bloomberg [TOKYO] Naoto Kan is set to depart this month as Japan’s prime minister, leaving his party to choose a successor who can restore public faith shattered by a nuclear crisis and
      Bloomberg; REUTERS  -  517 words
    • Article
      Lock icon Nomura hiring spree hurts Deutsche Bank
      357 19 Japanese firm has lured 10 bankers from German lender Reuters [HONG KONG] Nomura seems to be bucking the worldwide trend of banks downsizing their operations given the bleak outlook for global economic growth. The Japanese firm has lured 10 bankers away from Deutsche Bank’s
      Reuters  -  357 words
    • Article
      Lock icon Truckers protest outside Australia’s parliament
      364 19 Reuters [CANBERRA] Hundreds of truckers circled Australia’s parliament yesterday in a campaign aimed at forcing the government to withdraw a proposed carbon tax law, and call new elections, the second anti-gov-ernment protest in the nation’s capital this month. The truckers sought to draw on public
      Reuters  -  364 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A wake-up call for inefficient Asian carriers
      480 20 EDITORIAL THE decision by Qantas to start two new airlines based in Asia should be instructive to Asian airlines. The prospects of a major international aviation player entering the scene should set state-controlled airlines of Asia thinking, if not worrying. Although a publicly
      480 words
    • Article, Illustration
      Lock icon Hazare’s voice too loud for the Indian govt to ignore
      809 20  -  THE BOTTOM LINE HARISH MEHTA The writer lectures in history in Toronto. He is currently visiting India. A NATIONAL protest movement is building around Indian social activist Anna Hazare. Many Indians are proud to back it because it is non-violent,
      809 words
    • Article, Illustration
      Lock icon What’s wrong with the US Fatca tax law
      1039 20  -  Apart from violating financial privacy laws, the new rules will prove costly for FFIs LEON HADAR Washington Correspondent IN RESPONSE to protests from American businesses, the federal government decided to repeal earlier this year a complex and intrusive tax scheme aka “1090”
      REUTERS  -  1,039 words
    • Article, Illustration
      Lock icon It’s tough managing a charity fund
      1750 21  -  Here’re some of the responsibilities of directors on charity boards regarding management of charities’ financial assets By PETER LAI The writer has been involved in managing funds for charities and IPCs for past 12 years “IT was difficult to manage the charity fund when
      REUTERS  -  1,750 words
    • Article, Illustration
      Lock icon Germany must help solve eurozone crisis
      903 21  -  By GORDON BROWN The writer, a Labour member of the British Parliament, was Britain’s prime minister from 2007 to 2010 and chancellor of the exchequer from 1997 to 2007 I CAN well understand the defiant mood in Germany today as it grapples with the
      AFP  -  903 words
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  • AVIATION
    • Article, Illustration
      Lock icon Tighter rules for flights in icing conditions
      430 22 Airlines are required to install sensors that detect ice buildup and warn pilots Bloomberg [WASHINGTON] Commut-er-airline pilots must take additional steps to combat ice buildup on wings under rules released by the US Federal Aviation Administration. Prompted by a series of incidents, the
      Bloomberg; REUTERS  -  430 words
    • Article
      Lock icon Ban lifted on test flights of Lockheed’s F-35 fighter
      471 22 Bloomberg [WASHINGTON] The US Air Force has lifted a two-week-old flight ban that had grounded Lockheed Martin Corp’s F-35 Joint Strike Fighter, following a power problem on a plane at Edwards Air Force Base in California. An investigation found there was
      Bloomberg  -  471 words
    • Article, Illustration
      Lock icon Canada probing First Air’s Resolute Bay crash
      635 22 Bloomberg [TORONTO] Canadian transportation officials are investigating the causes of a deadly plane crash in a remote section of the Arctic as the three survivors of the disaster, including a 7-year-old girl, remained hospitalised. Hundreds of military personnel in the region for a
      Bloomberg; XINHUA  -  635 words
    • Article
      Lock icon US planemaker’s bonds fall amid slow sales, looming tax
      805 22 Bloomberg [NEW YORK] Bond investors are turning against Hawker Beechcraft Corp, the jetmaker Goldman Sachs Group Inc and Onex Corp bought for US$3.3 billion in 2007, as sales slow amid a push by President Barack Obama to tax corporate aircraft. Hawker
      Bloomberg  -  805 words
    • Article
      Lock icon Bombardier expands presence in Singapore
      261 22  -  Singapore has been chosen as its regional hub By VEN SREENIVASAN CANADIAN aerospace and railway engineering specialist, Bombardier, yesterday announced that it was expanding its business presence in Singapore, with the opening of a new regional office for Bombardier Transportation’s Services division here. The world’s
      261 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      305 22 CRYPTIC CROSSWORD Across 1 Beanbags for eccentrics? (8) 6 Fruit that comes in hands? (6) 9 Foreigner who might make call during leave? (6) 10 A box should contain copper, that’s correct (8) 11 Exhausted wife has worried editor at university (6,2) 12 Right —-nothing broken and enjoying good health
      305 words
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  • Page 23 Advertisements
  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      2898 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
      2,898 words
    • Article, Illustration
      Lock icon LNG tanker orders rise on new supplies
      884 24 New stock from Qatar, Peru has led to greater demand in Asia and South America Reuters [LONDON] Orders for liquefied natural gas tankers are surging with new LNG supply from Qatar and Peru and a tripling of day-rates for such ships now pointing
      Reuters; REUTERS  -  884 words
    • Article
      Lock icon Asian ships to US not filling up
      1146 24 Peak-season levies also delayed because of excess capacity Bloomberg [SINGAPORE] Container lines may miss their peakseason targets on Asia-Unit-ed States routes as orders for backpacks, sneakers and flatscreen TVs fall below expectations and ships sail below-capacity. Christmas shipping may be the same. The
      Bloomberg  -  1,146 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 24 SGX '000 Aug 22 S$ +/-Vol CH Offshore 0.33 -0.02 810 Chuan Hup Hldg 0.20 -0.01 626 Cosco Corp 1.03 0.05 ***** CWT Ltd 1.05 0.03 1806 Ezra Hldgs 0.96 0.04 ***** First Ship Lea 0.27 -0.01 3006 Freight Links 0.06 unch 2027 Grand Banks unch unch 0
      278 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8307 25 Transaction date: Aug 22 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 12 8Telecom 12.8 10.9 14 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5 -0.2 322 5.2 4.8 4.8 5.2
      8,307 words
    • Article
      Lock icon SGX CATALIST
      1564 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 14 t 800 Super 14.1 +0.1 365 14.2 14 14.1 14.2 4.8 25.2 5.5 3.7 t AA Grp 4 2.8 3.9 19 3.9
      1,564 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10048 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.25/ APS Alpha Fund (USD)!** 1.04/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.5424/ Asian Credit Fund
      10,048 words
    • Article
      Lock icon GLOBALQUOTE
      226 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 $mil 56 34 AVJennings A39cd -1.5 10 39 38 39 41.5 3.6 9 3.1 101.6 55 27.5 Genting HK US$ US30 unch ***** 31 29.5 30 30.5 1975.4
      226 words
    • Article
      Lock icon SGX ETF
      939 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 $mil 127 108 ABF SG Bond ETF 126 unch 4 126 126 115 125 575.2 1261 912 CIMBAsean40 100US$ US1012 -7 6 1018 1012 1016 1026 40.5
      939 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 19 Index Change Change Change Change Change Change World Index Preliminary 775.6 -0.9 -13.6 -1.3 -16.1 -0.6 -10.9 EAFE Preliminary 653.0 -1.9 -18.5 -2.0 -17.9 -1.3 -12.8 Europe Preliminary 939.8 -1.6
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      100 27 CRUDE OIL PRODUCTS 1.439 76.76 1.4409 Aug 19. Aug 1.4508 1.432 1.4448 1.4409 1.6414 1.6411 1.6413 1.6414 1.0523 1.0424 1.052 1.0433 8982 8809 8947 179 177 178 176.8 CRUDE (FOB origin). US$/barrel Close Change Brent blend (1-Mth F) 108.**********7 0.8280 WTI (Near Mth) 82.40 0.61 Dubai (1-Mth F)9177 101.78 -2.74
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    • Article
      Lock icon CHICAGO BOT
      133 27 Sep-11 Sep-11 1.4508 Aug 19-11 Euro-US Dollar Cash Sep-11 1.4508 GBP-US Dollar Sep-11 1.6414 Aust-US Dollar Sep-11 1.0523 BASE METALS Copper Cash INDEX MBIO Index Futures Aug-11 SOYBEANS (5,000 bu min; US cents/60 lb bushels)Aust-USDollarSe-1 Close Previous High/LowSEMETALS Sep 11 1359.75 1352.00 1366.00 1340.00pperCashSep-1 Nov 11 1368.50 1361.00
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 27 Aug 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 24.11.2011 0.12 0.14 0.09 1-Year BY*****X 02.05.2012 0.16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.95 103.99 103.98 5-Year N*****0W 1.125 01.04.2016 102.84
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      472 27 Aug 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.5875 0 2867 Dec11 99.4250 0 4805 Mar12 99.4700 0 1241 Jun12 99.5200 0 524 EUROYEN TIBOR FUTURES Sep11 99.6825 2 1229 Dec11 99.7200 99.7200 99.7200 99.7200 330 1909 Mar12 99.7275 0 2383 Jun12 99.7250 0
      472 words
    • Article
      Lock icon SICOM FUTURES
      171 27 Aug 22 Aug RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 462.0 458.0 458.7 6 315 Oct 11 459.5 459.5 459.5 13 370 Nov 11 466.0 460.0 460.0 20 374 Dec 11 466.0 462.0 461.8 13 498
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      98 27 As on 19 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 PRECIOUS METALS Gold Oct-11 1878.50 1832.00 1850.90 1820 Silver Sep-11 42.505 41.075 42.140 40.695 CURRENCY US Dollar-Jap Yen Sep-11 76.57 76.30 76.30 76.51
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Aug 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.3 1.227 Can dollar 1.244 1.197 Euro 1.772 1.704 Sterling pound 2.032 1.954 NZ dollar 1.019 0.971 US dollar 1.227 1.18 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      28 27 Aug 22 Aug Open High Sett STI Aug 2726 SIMSCI Aug 314.5 319.3 314.1 Taiwan Aug 253.1 261.4 254.9 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2458 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 1 150 37 5.12 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Aztech Grp W*****3 0.5 1 20 99
      2,458 words
    • Article
      Lock icon INTERBANK RATES
      161 27 Aug 22 $S Offer Bid 0vernight 0.01 par 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.125 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.85 0.65 12
      161 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 27 Aug 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.029 6.675 0.724 8.137 47.827 89.128 0.801 11.294 3.100 1.270 90.808 44.306 1.260 7.500 0.819 30.271 31.118 0.633 1.043 Canada 0.972 6.487
      462 words
    • Article
      Lock icon SIBOR
      86 27 Aug 22 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Aug 6 mths -0.***** 9 mths -0.***** 12
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 27 Aug 22 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2593 1.2610 1.0431 1.0436 Canadian dollar 1.2238 1.2256 1.0137 1.0143 Euro 1.7397 1.7418 1.4410 1.4415 NZ dollar 0.9913 0.9927 0.8211 0.8216 Sterling pound 1.9913 1.9933
      156 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Aug 22 S$ Bid Offer 1-month 1.2070 1.2083 2-months 1.2066 1.2081 3-months 1.2063 1.2078 6-months 1.2023 1.2053 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      137 27 Aug 22 GOLD (US$/oz) Aug 22 Aug 19 Hong Kong 1889.00 1864.70 Aug 19 Aug 18 London 1852.70 1822.79 1853.70 1823.80 Source: Thomson Reuters CAST BAR Aug 22 (S$) Selling Buying Kilobar 77,980.53 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 175 73 5gm 496 364 10gm 886
      137 words
    • Article
      Lock icon LONDON METALS
      71 27 Aug 19 Aug 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2320.50 2303.25 3 months 2355.00 2338.00 Copper, Grade A (US$/tonne) Cash 8804.50 8750.50 3 months 8825.00 8770.00 Lead (US$/tonne) Cash 2306.50 2307.50 3 months 2302.00 2301.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon PALM OIL
      65 27 Aug 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3136 3125 3136 3120 281 5028 Oct 11 3064 3056 3070 3047 1230 ***** Nov 11 3030 3022 3036 3013 7159 ***** Dec 11 3017 3008
      65 words
    • Article
      Lock icon LIFFE
      82 27 Aug 19 COCOA (£/tonne) Close Prev High/Low Sep 11 1871 1874 1883/1863 Dec 11 1889 1888 1901/1879 Mar 12 1908 unch 1919/1900 May 12 1917 1918 1925/1911 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2270 2275 2318/2256 Nov 11 2300 2305 2349/2288 Jan 12 2318 2322 2365/2317 Mar 12
      82 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Volatile US stock market rattles homebuyers
      1037 28 Moribund housing market may deepen its 5-year drag on economic growth Bloomberg [BOSTON] Sanjay Jain called his real estate broker four days ago to cancel a deal to buy a three-bed-room home in Folsom, California, unnerved by another plunge in the most volatile equities
      Bloomberg; AFP  -  1,037 words
    • Article, Illustration
      Lock icon No easy fix for Spain’s housing market
      412 28  -  By FIONA MAHARG BRAVO REUTERS BREAKINGVIEWS THE number of new, unsold homes 700,000, according to the government is one of the most worrying data points on the Spanish economy. To shore up the housing market, the government last week halved the value added
      REUTERS  -  412 words
    • Article
      Lock icon Investors shun bonds of UAE developers
      610 29 Bloomberg [DUBAI] United Arab Emirates’ property developers and contractors may struggle to tap the bond market until a glut of homes that is weighing on prices is sold off. Arabtec Holding PJSC, the country’s biggest construction company, Dubaibased mall-developer Majid Al Futtaim Group and
      Bloomberg  -  610 words
    • Article, Illustration
      Lock icon Hong Kong retail rents set to soar
      689 29 Its street-level shop rents rose 7.4% to a record in Q2 from previous 3 months Bloomberg [HONG KONG] Abercrombie Fitch Co and Gap Inc’s expansion here may help push shop rents in the Central Business District up almost 50 per cent over the
      Bloomberg; BLOOMBERG  -  689 words
    • Article
      Lock icon West Coast development put up for collective sale
      343 30 HONG Leong Garden Shopping Centre, a 138-unit development at West Coast Way, has been put up for collective sale. Marketing agent Credo Real Estate said the development, located next to the Hundred Trees condominium, currently comprises 72 apartments and 66 shop units
      343 words
    • Article, Illustration
      Lock icon Price rise of Asian luxury homes easing
      420 30  -  Buyer sentiment weakens in Q2 amid further tightening measures: CBRE By UMA SHANKARI GROWTH in luxury home prices across Asia began to ease in the second quarter of 2011 as buyer sentiment weakened amid further tightening measures, said a new report from CB
      BLOOMBERG  -  420 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      176 28 SAFFRON London Singapore Hong Kong LONDON PROPERTY OWNERS Central London's No. I Estate Agent EXPERTS IN LETTINGS PROPERTY MANAGEMENT Saffron rent a new London Property every 30 minutes! Central St. Giles UNISON Clapham Mews Neo Bezier Arthaus Baltimore Wharf Bramah Monty Nawaz +65 6832 5188 +65 9730 8851 Corporate Professional
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      Lock icon Page 28 Advertisements Column 2
      136 28 c Wdt> RESIDENCE Wilby Central *****888 Wilby Bukit Timah *****505 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modem Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit
      136 words
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      Lock icon Page 28 Advertisements Column 3
      44 28 THE CONCOURSE (BEACH ROAD) For Lease Office: From 1,141 to 9,300 sqft Fringe of CBD Shuttle bus to City Hall MRT Next to Nicoll Highway MRT Panoramic City/Sea View Broadband enabled Attractive leasing terms Immediate Occupation Hong Fok Group Tel: 6390 2425/ 6292 8181
      44 words
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      Lock icon Page 28 Advertisements Column 4
      137 28 Freehold Industrial Building At Genting Road For Sale •Modern High-Tech 5-storey Terrace Factory Building •Excellent Corporate Image •Part of “The Blue Building” project •LandArea: 5,758 sq ft •GFA: 16,943 sq ft •ZonedIndustrialBusiness1 •NeartoPotongPasir&future Mattar MRT Stations Expression of Interest Closing6thSept11(Tue),2.30pm 6595 0689 Irinn Lee (Ms) irinn@credo.com.sg (CEARegnNo: R*****4F) Agency Licence
      137 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      73 29 135 Cecil Street Freehold Office Building in CBD Modern 14-storey building Refurbished in 2007 Site Area 8,011 sq ft GFA 100,900 sq ft NLA 83,076 sq ft 31 carparking lots With naming rights Major tenants include some of Asia’s biggest banks For Sale by Expressions of Interest Closing Thurs, 15
      73 words
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      Lock icon Page 29 Advertisements Column 2
      160 29 WestCoastWaySitefor 12-Sty Condo with 1 st level Shops 150,816 sf land 13,482 sf SL LH 956 yrs; GPR 1.6; 12 storeys Residential with 1st sty Commercial Within 1 km to Nan Hua Pri Sch 6227 6066US,SporePoly,IMM,ClementiMallTender Closing on19 Sep 2011 (Mon), 2.30 pm NUS,SporePoly,IMM,ClementiMall Tender Closing on 19 Sep 2011
      160 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      199 30 Investment^Trends 0.1% commission and Direct Market Access on Singapore share CFDs Straits Asia Resources Ltd 2.890 Chg: 0.010 Hi 2.920 Lo 2 860 Q DMA QOTC 2.89! 2.900 2.910 2.920 2.930 Order Type LNnH Day Order Level I 2.9000 Contingent OTC Orders pips away (Mln:0.1) 0 Golden Agri-Resources Ltd 0.680
      199 words
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      Lock icon Page 30 Advertisements Column 2
      35 30 r*' X- 7 J FIND THE ONES J THAT FIT! x Recruit the right people I through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg IT j to advertise. i J J I L
      35 words