The Business Times, 8 September 2011

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Microfilm: NL31620
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, September 8,
    23 words
  • Article, Illustration
    Lock icon Markets cheer German court ruling on bailouts
    675 1  -  A major uncertainty in bailout process removed but hurdles remain By NEIL BEHRMANN in London EUROPEAN stock markets rallied sharply and the euro stabilised yesterday after the German Constitutional Court rejected lawsuits aimed at blocking German bailouts of Greece, Portugal, Spain and possibly
    AFP  -  675 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 GST INDEX 2,832.13 (+57.80) GST INDEX FUTURES 2,832.00 (+57.00) GSIMSCI 325.67 (+6.91) GSIMSCI FUTURES 325.00 (+6.00) FOREX US$ S$ US$ (S$ per US$) 1.207 (US$/S$ per 1.601 1.933 EURO (US$/S$/E) 1.409 1.701 Foreign currency per US$ S$ YEN 77.20 64.00 RM 2.984 2.472 HK$ 7.794 6.455 BAHT 29.98
    141 words
  • Article
    Lock icon S’pore growth forecasts cut as headwinds blow
    896 1  -  Economists polled by MAS now expect full year growth of 5.3%, down from 6.2% By LYNN KAN [SINGAPORE] With the mounting uncertainty in the United States and Europe, economists are lowering their growth forecasts for Singapore and are also expecting inflation to edge
    896 words
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      12 1 OPINION Financial gurus on what if there’s a double-dip recession PAGE 19
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      11 1 CURRENCY Swiss franc loses safe haven status PAGE 2 *****1 *****4
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      143 1 BizIT LTE adoption picks up speed PAGE 26 PROPERTY Lukewarm response for Upper Serangoon site PAGE 30 THERE ARE STORIES THAT DESERVE TO BE CAPTURED FOREVER. Whether it’s a transatlantic crossing on a sailboat with friends, or the birth of a child, there are precious, life-changing moments that deserve to
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  • TOP STORIES
    • Article, Illustration
      Lock icon Swissie on ice spurs search for other safe haven assets
      565 2  -  Gold, Japanese yen and even Sing dollar could attract more attention: analysts By EMILYN YAP [SINGAPORE] The certainty which the Swiss National Bank (SNB) has bought for itself by capping the value of the Swiss franc against the euro has
      REUTERS  -  565 words
    • Article
      Lock icon Panel to watch football more closely
      484 2  -  Viewers’ interests subjugated in past years: new chairman By JOYCE HOOI [SINGAPORE] The Programme Advisory Committee for English Programmes (Pace) has a sports fan as a new chairman, and if he has his way, bellowing at your favourite football team from your living room
      484 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      381 2 S’pore GDP growth forecasts cut WITH the mounting uncertainty in the US and Europe, economists are lowering their growth forecasts for Singapore and are also expecting inflation to edge higher. They have cut their 2011 GDP growth projections to 5.3 per cent from 6.2 per cent, according to
      381 words
    • Article
      Lock icon S'pore clinches 2nd spot in competitiveness rankings
      710 4  -  It improved from 3rd place last year and is now just behind Switzerland By LEE U-WEN [SINGAPORE] The Republic has been deemed the se-cond-most competitive economy in the world, according to the latest rankings published by the Gene-va-based World Economic Forum (WEF). Singapore
      710 words
    • Article, Illustration
      Lock icon HSBC to cut 3,000 jobs in Hong Kong over 3 years
      503 4 Reuters AP [HONG KONG] HSBC, Europe’s biggest bank, is to cut 3,000 jobs in Hong Kong over the next three years as it targets its first wave of an aggressive cost-cutting plan on five countries. The bank said yesterday
      Reuters; AP  -  503 words
    • Article, Illustration
      Lock icon Migration, TFR and the S’pore population problem
      754 4  -  By KELLY TAY [SINGAPORE] Even with a net inflow of 60,000 migrants each year, Singapore still needs to raise its total fertility rate (TFR) if it is to ameliorate the problems of an ageing population, and ease the dependency burden on working adults.
      Source: Institute of Policy Studies  -  754 words
    • Article
      Lock icon Services sector investment picking up in Iskandar M’sia
      558 4  -  By PAULINE NG in Kuala Lumpur AHEAD of Iskandar Malaysia’s projected tipping point next year, the signs are looking good for its services sector, particularly tourism and healthcare. By June, the special economic zone in southern Johor had received a total of
      558 words
    • Article, Illustration
      Lock icon Sacking of Yahoo chief no surprise to analysts
      723 4 Reuters [SAN FRANCISCO] Yahoo Inc chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba. Chief financial officer Tim Morse will step in as interim chief
      Reuters; AP FILE PHOTO  -  723 words
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      338 2 GREAT VIEW GRAND LIFESTYLE GOLDEN OPPORTUNITY M ASIA PACIFIC PROPERTY AWARDS ASIA PACIFIC PROPERTY AWARDS Bloomberg Bloomberg TROPICANA GRANDE lit U M n w m \M III Y *36 JV u S»J SPECIAL PACKAGE OWNER OCCUPIERS* Low down payment of approximately SGD 20,000 to own a unit with loan instalment
      338 words
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      612 3 Top selling project in August. Over 480 units sold. ••i m 5 I:: wz A 3 1 I r yK Empower your unique lifestyle at the euHabitat SOHOS Bedok Reservoir Bedok Reservoir P arf< Temasek Polytechnic To IKEA, Courts Megastore and Giant Hypermarket Kaki Bukit u/c Bedok North Secondary School
      612 words
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      209 5 www.vw. com. sg If you've just bought a sedan without a reverse camera DO NOT READ THIS AD. gMTO! *^1 -t_ xm -V si I .,h:- 52 .J=! > v T V I TJ V/ -I P749 .-7 WQB ..w. i -.'.'"'•S .> v V.-., -7,- v- c m -J'
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  • COMPANY NEWS
    • Article
      Lock icon Full-year results show most still on profit path
      1496 6  -  69 of 97 firms with June year-end in the black; 36 report higher earnings By FELDA CHAY THE growth engines continued whirring for many of the 97 companies which released their earnings for the financial year ended June this year. Their combined
      1,496 words
    • Article, Illustration
      Lock icon Stocks expected to rebound after last month’s slump
      493 6  -  AM Fraser sees good chance of STI recovering to 2,950 By MINDY TAN IN a follow-up to Tuesday’s steady closing, Singapore shares staged a rebound yesterday amid bar-gain-hunting, with the Straits Times Index (STI) ending up 2.08 per cent at 2,832.13 points.
      FILE PHOTO  -  493 words
    • Article
      Lock icon Gems like Hafary ignored in hurly burly
      873 9  -  HOCK LOCK SIEW By VEN SREENIVASAN OFTEN, macroeconomic data and policies to influence the economy have little impact on what’s really important to equity investors: corporate performance. Yet rarely has there been more attention focused on macroeconomic data and policy decisions. Clearly, the
      873 words
    • Article
      Lock icon GLP finds strong demand in western China
      323 9  -  Full occupancy in its Chengdu, Phase I Chongqing facilities By CARINE LEE GLOBAL Logistic Properties (GLP) Asia’s largest provider of modern logistics facilities yesterday reported strong demand from customers in western China. The Singapore-listed company with properties in China and Japan said that
      323 words
    • Article
      Lock icon Laxey calls another EGM for UIS
      308 9  -  By NISHA RAMCHANDANI EUROPEAN hedge fund Laxey Partners has called for yet another extraordinary general meeting with the aim of ousting four directors including Wee Cho Yaw and Wee Ee Cheong from the board of United International Securities (UIS). The EGM will be held
      308 words
    • Article, Illustration
      Lock icon Japan Foods ventures into mass-market food courts
      468 10  -  Its regional footprint also expands as sub-franchisee opens Vietnam restaurant By DOLLY CHIA IN A move to extend its local reach, Japan Foods Holdings has decided to venture into Singapore’s mass-market food courts with a new concept stall known as Botejyu Yatai. The
      468 words
    • Article
      Lock icon Boustead unit bags $11m data centre contract
      288 10  -  2,200 sq m facility is to be built in Tuas Biomedical Park II By NISHA RAMCHANDANI BOUSTEAD Singapore’s industrial real estate arm Boustead Projects has landed an $11 million contract to build a data centre in Tuas Biomedical Park II (TBP II) for
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    • COMPANY BRIEFS
      • Article
        Lock icon Major Gold Assets in compulsory acquisition
        50 10 MAJOR Gold Assets Corp has exercised its right of compulsory acquisition to acquire the offer shares of non-dissenting shareholders of Ocean International Holdings. Following this, Ocean will become a wholly owned subsidiary of Major Gold, and will be delisted from the Singapore Exchange (SGX).
        50 words
      • Article
        Lock icon Mitsui & Co offer for Portek closes
        72 10 Mitsui Co offer for Portek closes MITSUI Co has received valid acceptances representing about 83.95 per cent of the total number of shares in Portek International at 5.30 pm yesterday, which was the final close of its offer for all the shares it does not own in Portek. Between the
        72 words
      • Article
        Lock icon Popular Holdings’ MD resigns
        44 10 THE board of Popular Holdings said its managing director, Wayne Chou, has resigned from his post and has been redesignated from executive director to non-executive director. It added that Mr Chou will remain as a member of its audit committee.
        44 words
      • Article
        Lock icon SBI Offshore sells Ubi property
        53 10 SBI Offshore Limited said a buyer has nominated SMC Auto Pte Ltd for the purchase of its property at Paya Ubi Industrial Park for S$1.23 million. The disposal of the property, which has a net book value of US$607,007, stands to reap SBI a net
        53 words
    • Article
      Lock icon UOB raises stake in Vietnam lender
      108 10 Reuters UNITED Overseas Bank (UOB) said yesterday that it has increased its stake in Vietnam’s The Southern Commercial Joint Stock Bank (Southern Bank) to around 19.99 per cent. This was done through the subscription and market purchase of an additional 18.75 million shares for
      Reuters  -  108 words
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      129 6 Brought to you by u iu yuu uy "The Impact of AEC 2015 on the ASEAN Food Industry" «iK 21 September 2011 Queen Sirikit National Convention Center Bangkok, Thailand The latest information on this major economic development and how it will affect everyone in the industry will be discussed ASEAN
      129 words
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      223 7 THE STRAITS TIMES. _S TUM k i A v i M k> 1tss. 4 <i\ Print. THE STRAITS TIMES. ($24.65 per month) A n* UFA If* Online. ST Online ($26.65 per month) <.L iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for
      223 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI’S bounce extends to 2nd day
      614 8  -  Rise in the Dow futures market, a firm opening for Europe plus gains by banks and CapitaLand give index a boost STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) bounced 57.8 points to 2,832.13 yesterday, a second consecutive positive close aided by
      Source: Bloomberg  -  614 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 1 1 0 0 0 14 1 1 Manufacturing 65 31 40 0 7 2 65 38 42 Commerce 29 11 14 1 5 1 30 16 15 Tpt/Stor/Comms 28 4 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 35,410 35,410 145,267 145,267 Manufacturing 173,995 5,772 179,767 185,481 98 185,579 Commerce 163,069 1,537 164,606 173,481 431 173,911 Tpt/Stor/Comms 122,848 2,546 125,394 190,655 174 190,828 Finance 16,831 63 16,894 180,855 14 180,868 Construction 31,328 12,192
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.345 +0.040 CapitaLand 2.640 +0.180 CapitaMall 1.910 +0.030 CityDev 10.440 +0.250 ComfortDelGro 1.350 +0.020 DBS Grp 13.050 +0.350 F&N 5.750 +0.070 GLP 1.750 -0.020 Genting SP 1.635 +0.045 Golden Agri 0.660 +0.020 HK Land 5.770 +0.130 JMH 51.000 +0.290 JSH 28.610
      114 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Sep 7 VALUE CLOSE BT OB/OS 280.00 -35.00 BT CADI -*****.00 +161.0 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 655.27 +6.62 FTSE ST Small Cap 443.54 +5.46 FTSE ST All Share 686.03 +12.60 FTSE ST China Top 206.29 +3.76 FTSE ST China 243.76 +4.67 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME MDR R 137,012,000 Genting SP 107,052,000 Sheng Siong 90,113,000 Golden Agri 70,025,000 Noble Grp 48,788,000 TopGlobal W*****9 43,410,000 Artivision 37,420,000 Yangzijiang 30,141,000 HanKore 28,489,000 SingTel 26,284,000 VALUE($) Genting SP 173,473,015 Keppel Corp 106,977,054 SingTel 82,347,170 Noble Grp 74,837,319 DBS Grp 69,212,330 SembMar 66,265,170 CapitaLand 64,419,080 UOB
      58 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon S'pore Technologies Engineering
        348 8 Sept 7 close: $2.99 CIMB RESEARCH, Sept 7 PROTECT your portfolio: This should be the best time to buy Singapore Technologies Engineering (STE) for its defensive quality in the face of volatile markets. Indeed, its share price has outperformed the market by 11 per cent in the
        Source: Bloomberg  -  348 words
      • Article
        Lock icon Singapore Drill Bits
        581 8  -  CITI INVESTMENT RESEARCH, Sept 6 Compiled by JAMIE LEE SECTOR valuations: O&M sector outperformance has reversed sharply on concerns over the likelihood of a double-dip recession. Valuations are much closer to August 2008 (pre-Lehman crisis) levels, and could provide a floor to share price in the near
        581 words
    • Article, Illustration
      Lock icon Euro firms on court ruling but ECB risks loom
      503 8 CURRENCIES Reuters [LONDON] The euro rose against the dollar yesterday on relief that Germany’s top court rejected lawsuits aimed at blocking participation in eurozone bailouts, but looked vulnerable before a European Central Bank rate decision today. Slowing global growth, easing inflation
      Reuters; BLOOMBERG  -  503 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5394 277.6 4.5 DBXT Nifty 10US$ ***** 257.1 1.9 Jardine C&C 4606 152.0 3.4 Asia Pac Brew 2700 130.0 5.1 DBXT SPASX200 10US$ 3295 114.7 3.0 DBXT FTVietnam 10US$ 2783 89.3 2.7 DBXT S&P500 10US$ 1870 70.0 3.2 DBXT MSAsExJp 10US$ 3013
      116 words
    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN GLD 10US$ *****-458.6 -2.1 IS S&P500 *****-199.1 -1.4 DBXT S&P Short 10US$ 4600-127.9 -2.3 Lyxor EmergingMkts 1 975 -90.5 -7.1 Lyxor Europe 10 US$ 1103 -68.8 -4.9 Lyxor LatinAmerica 1 755 -60.3 -6.2 DBXT MSTaiwan 10US$ 1690 -55.5 -2.6 IS MSCI Spore 1235 -54.3 -3.5
      124 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      226 10 PRIME RENTAL APARTMENT STOCK 2 DAY INVESTOR SALE! Brand new superb value 1 2 bed apartments in the heart of Finchley, London N2 that connect direct to The City West End! PRICES FROM £225.000 UNDERGROUND BANK STATION PLUS s.cure~«n»o AC INCLUDED LEGAL FEES INCLUDED IMMEUIMI C OCCUPATION! ill" IMH f
      226 words
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      31 10 ns r >TJ II .v .^jF® p v«s^Easasw 00" «§»jf+£? Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices MATS NOTICES
      31 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Views sought on dealing with climate change
      358 11  -  The National Climate Change Secretariat’s feedback portal will be open till mid-October By LYNN KAN BUSINESSES and the public can now contribute to how Singapore should best deal with the ongoing problem of climate change. The National Climate Change Secretariat (NCCS) has opened
      358 words
    • Article, Illustration
      Lock icon S’pore, Korea to jointly explore emerging markets
      520 11  -  Seoul assures full support, help to Singapore investors By LEE U-WEN THE governments of Singapore and South Korea have inked a new deal pledging to work together to venture into emerging markets in the region and beyond. This third-country collaboration effort will allow
      CHEW SENG KIM/THE STRAITS TIMES  -  520 words
    • Article, Illustration
      Lock icon No plan to delay butyl rubber project: Lanxess
      569 11  -  By RONNIE LIM By RONNIE LIM DESPITE the gloom in financial markets, demand for synthetic rubber from tyre-makers in its main Asia-Pacific market continues to be strong, said Lanxess’ global butyl rubber chief, Ron Commander. Therefore, the German chemicals group has no
      569 words
    • Article
      Lock icon Big car COE premium falls
      379 11  -  But fall is not as big as expected, say analysts By SAMUEL EE THE CURRENT stream of dismal economic news has hurt the big car COE premium, but not by as much as had been expected. In yesterday’s first tender of September for certificates of
      379 words
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      302 11 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STUDIO D’BEAUMONDE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2818D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of STUDIO D’BEAUMONDE PTE LTD duly convened and held on 3 September 201 1,
      302 words
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      170 11 CO-LOCATED WITH: 27-29 SEPTEMBER 2011 KLCC, KUALA LUMPUR, MALAYSIA WWW.POWERGENASIA.COM LEARN AND DISCOVER MORE ABOUT ASIA’S POWER INDUSTRY POWER-GEN Asia is firmly established as the region’s leading conference discussing the highly relevant and important strategic and technical issues facing the conventional power generation, renewable and sustainable energy, and transmission and
      170 words
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  • ECONOMY WATCH
    • Article
      Lock icon UN body warns of risks of global austerity
      584 12 Report says Western governments should instead be more strictly regulating financial markets NYT Bloomberg [NEW YORK] The global economy faces a decade-long stagnation because governments are pursuing deficit cuts and other austerity measures rather than providing the needed stimulus packages, said a
      NYT; Bloomberg  -  584 words
    • Article, Illustration
      Lock icon BOJ inaction leaves markets disappointed
      682 12  -  By ANTHONY ROWLEY in Tokyo IN sharp contrast to the Swiss National Bank’s bold action on Tuesday in setting a ceiling for the Swiss franc against the euro, the Bank of Japan’s decision to stand pat on monetary policy yesterday left financial markets disappointed. The
      REUTERS  -  682 words
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      336 12 UNITED STATES OF AMERICA JERSEY CITY, NEW JERSEY 77 HUDSON 8 MINUTES FROM NEW YORK CITY’S FINANCIAL DISTRICT EXHIBITION SAT 10 SUN 11 SEPTEMBER 2011, 11AM-7PM THE REGENT SINGAPORE, BOARDROOMS II-III, LEVEL III, 1 CUSCADEN ROAD,*****5, SINGAPORE INVESTMENT SEMINAR SUN 11 SEPTEMBER 3PM, BY GRANT REYNOLDS, MANAGING DIRECTOR Invest in
      336 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia’s palm oil inventories orobably :ell in Aug
      547 13 M’sia’s palm oil inventories orobably ell in Aug Bloomberg [KUALA LUMPUR] Palm oil stockpiles in Malaysia, the second-largest producer, probably fell in August from a month earlier as the Muslim fasting month of Ramadan slowed harvests of oil palm fruit, according to a Bloomberg News survey. Inventories fell 5 per
      Bloomberg; BLOOMBERG  -  547 words
    • Article
      Lock icon Malaysia 21st in global competitiveness index
      448 13  -  Rising 5 places, it’s now ahead of South Korea, New Zealand and Luxembourg By S JAYASANKARAN in Kuala Lumpur MALAYSIA rose five spots to 21 st place in the ranks of the World Economic Forum’s (WEF) Global Competitiveness Index 2011, stemming a three-year slide
      448 words
    • Article
      Lock icon Jakarta may act to control firms' foreign debt exposure
      267 13 Move to protect economy in case currency weakens: minister Reuters [JAKARTA] Indonesia’s government and central bank are considering regulations to limit foreign debt exposure by corporations and banks to protect the economy should a change in global risk sentiment weaken its
      Reuters  -  267 words
    • Article
      Lock icon US$6b nickel project for Indonesia
      173 13 Bloomberg [JAKARTA] Eramet SA, operator of the world’s biggest ferronickel plant, plans to invest a total of US$6 billion on the Weda Bay nickel project in Indonesia, Coordinating Minister for the Economy Hatta Rajasa said. “The Eramet project will open economic opportunity in eastern Indonesia,
      Bloomberg  -  173 words
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      132 13 The Leading Global Finance Master Degree Program if M m m m ?On MS ii si"! r*5®S8: Master of Science in mm Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes the
      132 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Heavy equipment tycoon tops rich list
      392 14 Consumer goods, Internet, property tycoons dominate the top of the list AP [SHANGHAI] China’s construction boom has propelled a maker of pile drivers and other heavy machinery to the top of the country’s rich list. The Hurun Rich List 2010, China’s equivalent of the
      AP  -  392 words
    • Article
      Lock icon Bomb blast at High Court in Delhi
      348 14 More than 10 people killed, 66 wounded; capital on high alert Reuters [NEW DELHI] A powerful bomb placed in a briefcase outside the High Court in New Delhi killed more than 10 people and wounded 66 yesterday the deadliest attack in India in
      Reuters  -  348 words
    • Article, Illustration
      Lock icon State firm’s lavish office decor stirs online fury
      378 14 AFP [BEIJING] A state-owned drug firm in China has caused online outrage for allegedly building offices that appear to mimic France’s Versailles palace, complete with gold-tinted walls and chandeliers. Photos posted online purporting to be the offices of a subsidiary of the
      AFP  -  378 words
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      1810 14 <_+]-[(={/!`-||+&{'_-{|}=/@'|;@ Surface Mount Technology (Holdings) Limited Company Registration No. ***** (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Surface Mount Technology (Holdings) Limited (the “Company”) will be held at 21 Tan Quee Lan Street, #02-08, Heritage Place,
      1,810 words
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      1218 14 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg I BUY IT SELL IT FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CONCORD GLOBAL CALL PTE LTD (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****3063Z Notice of Resolution for Members’ Voluntary Winding Up (Pursuant to Section
      1,218 words
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  • WORLD
    • Article, Illustration
      Lock icon Private equity firm Carlyle to go public next year
      612 15 Exact timing or IPO size of the US$153b investment giant remain unclear NYT [NEW YORK] The Carlyle Group took its biggest step on Tuesday toward joining an elite club: private equity giants with public stock tickers. But as the stock and
      NYT; AFP  -  612 words
    • Article
      Lock icon S Korea’s Google office raided
      262 15 Antitrust regulators conducting a probe to see if Google unfairly blocked competitors Bloomberg [SEOUL] Google Inc’s Seoul office was raided by South Korea’s antitrust regulator as part of a probe into whether the owner of the world’s largest search engine unfairly blocked competitors in the
      Bloomberg  -  262 words
    • Article
      Lock icon SEC reviews rules to make it easier for businesses
      345 15 Reuters Bloomberg [WASHINGTON] US securities regulators are soliciting comments to help them as they embark on a broad review to determine whether existing regulations may be placing undue burdens on American businesses. The announcement by the Securities and Exchange Commission comes
      Reuters; Bloomberg  -  345 words
    • Article
      Lock icon US banks got US$15b ‘subsidy’: study
      441 16 Govt ‘subsidy’ may be harming the industry, customers, economy: study Bloomberg [NEW YORK] US banks that took part in a boom of megamergers from 1991 through 2004 benefited by more than US$15 billion from perceived government support after being labelled “too-big-to-fail”, according to a
      Bloomberg  -  441 words
    • Article
      Lock icon Pimco gains greater autonomy in restructuring of Allianz
      503 16 Fund manager gets full control of global product distribution Reuters Bloomberg [NEW YORK] German insurer Allianz said on Tuesday that Pacific Investment Management will be granted full control of its global distribution of its products a move that gives the world’s largest
      Reuters; Bloomberg  -  503 words
    • Article, Illustration
      Lock icon Struggling Bank of America reshuffles top team
      569 16 Lender announces departure of two senior executives NYT [NEW YORK] Bank of America shook up its top management team on Tuesday, as the beleaguered financial firm contended with a flagging share price and mounting legal liabilities. As part of the reshuffling, the bank
      NYT; BLOOMBERG FILE PHOTO  -  569 words
    • Article, Illustration
      Lock icon Roubini: Global slowdown hastens financial crisis
      445 16 He says another crisis is already manifesting itself in developed economies Bloomberg [LONDON] Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC, said the current slowdown in the world economy has brought forward the timing of a new financial crisis. “I thought a
      Bloomberg  -  445 words
    • Article, Illustration
      Lock icon Obama said to seek US$300b jobs package
      628 17 Price tag and specifics of stimulus to be announced to Congress today Reuters [WASHINGTON] President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some US$300 billion in tax cuts and government spending as part of a job-creating package, US
      Reuters  -  628 words
    • Article
      Lock icon Job openings in US up 59,000 at 3.23m in July
      419 17 LATEST US DATA Bloomberg [WASHINGTON] Job openings in the US rose in July for a third month, while a slowdown in hiring showed businesses lacked the confidence to take on new staff. The number of positions waiting to be filled
      Bloomberg  -  419 words
    • Article
      Lock icon Asia hedge funds outdo global peers in Aug
      527 17 Bloomberg [SINGAPORE] Asian hedge funds beat global peers in August as Europe’s deepening sovereign debt crisis and Standard Poor’s cut to the US credit rating sparked the worst month for the industry in almost three years. About 80 Asia-focused hedge funds reported
      Bloomberg  -  527 words
    • Article, Illustration
      Lock icon Saab seeks bankruptcy protection, waits for Chinese investors
      448 17 Deals are still awaiting approval from the authorities Reuters [AMSTERDAM] Ailing Swedish carmaker Saab sought breathing space from creditors yesterday, filing with a local court for bankruptcy protection while it continues to wait for promised new investments from two Chinese firms. “Obviously
      Reuters; REUTERS  -  448 words
    • Article
      Lock icon Sprint asks court to stop AT&T’s T-Mobile buy
      506 17 It claims a merger will lead to higher prices for consumers Reuters [NEW YORK] Sprint Nextel sued to stop AT&T Inc’s US$39 billion purchase of T-Mobile USA, staking out its own private anti-trust claims alongside the US government’s challenge to the deal.
      Reuters  -  506 words
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      265 15 Canary Wharf. investm Once again property BALLYMORE A Ballymore Development innu Li -J J J--J —1 -J JJ -J-i -l-l -J-) _J -J ftl _i -J _J -i J _l ■i W\ li«"' > rr _J —i III" 11 Mill*' lllll" llllll"" iiiiii»i f 5 iS!!: 1 f Hji i
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      22 16 How to run a business without running out of ideas SMESept/Octissueoutnow! Producedby !10start-upstowatch !Beforeyousignonthedottedline... !Haveyoufoundyourniche? !HiringandfiringinChina–knowtheregulatoryframework andincreaseyourchancesofsuccess !Fivemistakestoavoidinyourcorporatewebsite AvailableatCaltex,Esso,ShellandSPCpetrolstations, 7ElevenandCheersstoresandleadingbookstores Tosubscribe($30forsixissuesdeliveredtoyourofficeorhome),pleasecall6388-3838. GetacomplimentarycopyifyouareaTNTclient,whilestockslast!
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  • EDITORIAL & OPINION
    • Article
      Lock icon R&D needs higher levels of risk tolerance
      500 18 EDITORIAL SINGAPORE’s foray into the cutting-edge field of biomedical technology and research over the past decade has been nothing short of remarkable. Not only has an entire high-value industrial cluster developed and blossomed from scratch a most befitting icon of a knowledge economy
      500 words
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      Lock icon There is no quick fix for joblessness in the US
      771 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group ON this Labour Day (Monday), there was little good news about labour. America has entered a long period of crushing unemployment and downward pressure on wages that may well transform
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      Lock icon Nations acting alone cannot fix the economy
      1093 18  -  Global policy coordination is the way forward to sustained growth and employment B y GORDON BROWN Gordon Brown is a former prime minister of the United Kingdom. in London POLITICS trumped sensible economics in the United States this summer, when Congress and President
      AFP  -  1,093 words
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      Lock icon What if there’s a double-dip?
      2582 19 Financial experts present a bleak picture of US and eurozone economies, and say a recession will impact Asia and other regions THE global economy continues to stumble from one crisis to another. Are we on the road to recovery, or is this just the run-up
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  • AVIATION
    • Article, Illustration
      Lock icon China demand for planes seen rising
      478 20 Boeing is betting that Chinese wealth and govt spending will bolster air travel Reuters [BEIJING] China will likely need 5,000 commercial aircraft worth US$600 billion during the next 20 years, a senior Boeing Co executive said yesterday, a 25 per cent increase in value
      Reuters; REUTERS  -  478 words
    • Article
      Lock icon Pilots see red over Qantas CEO’s pay rise
      264 20 AFP [SYDNEY] Pilots yesterday criticised as “hypocrisy” Australian airline Qantas’ decision to give chief executive Alan Joyce a 71 per cent pay rise as the company plans to sack 1,000 staff. Unions have been locked in a bitter industrial dispute with the
      AFP  -  264 words
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      Lock icon ANA expects Dreamliner to boost bottom line
      391 20 Reuters [TOKYO] All Nippon Airways Co (ANA) expects to receive all 55 Dreamliner jets it has ordered from Boeing by March 2018, its president said, as it looks to lower fuel costs to compete in the cut-throat air travel market. Japan’s biggest airline
      Reuters; AFP  -  391 words
    • Article, Illustration
      Lock icon Shoes-off rule to be eased in future
      478 20 Bloomberg [WASHINGTON] Air travellers won’t have to take their shoes off during security screenings in the future, said US Homeland Security Secretary Janet Napolitano. “One of the first things you will see over time is the ability to keep your shoes on,” Ms
      Bloomberg; REUTERS  -  478 words
    • Article
      Lock icon US airlines counting the cost of Hurricane Irene
      270 20 Bloomberg [DALLAS] Delta Air Lines Inc said flight cancellations from Hurricane Irene reduced August net profit by US$15 million, joining US Airways Group Inc in kicking off the airline industry’s tally of costs from the storm. Irene cut operating income at US
      Bloomberg  -  270 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      337 20 CRYPTIC CROSSWORD Across 1 Purposeful group argue about monarch getting jolly (7,5) 8 Part of Birmingham little short of a gem (5) 9 Indulging in sport? Yen disappears when boy’s into that church music (9) 11 Spectacles look right (gent changed them regularly) (9) 12 Extremist from university left paintings
      337 words
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  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3705 21 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
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      Lock icon China looks to save struggling sector
      794 22 Its shipping sector has become one of the world’s most influential with its fleet more than doubling Reuters [SINGAPORE] China’s campaign to protect its maritime industry during a severe downturn will become more costly for foreign companies as Beijing grabs a bigger slice of
      Reuters; BLOOMBERG  -  794 words
    • Article
      Lock icon Throughput seen growing at 10% in Q3
      229 22 Xinhua [BEIJING] Throughput at China’s main ports is expected to grow at a robust rate of 10 per cent year-on-year in the third quarter due to a low comparison base in 2010, the China Securities Journal quoted a shipping industry specialist as saying
      Xinhua  -  229 words
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      Lock icon Chinese buyers snapping up coal
      613 22 Reuters [BEIJING] Chinese coal buyers have re-emerged in the sea-borne market after a nearly two-month lull and were snapping up Indonesian coal on expectations that domestic prices were poised to increase, industry sources said yesterday. Several miners and traders said Chinese buyers were aggressively buying
      Reuters; REUTERS  -  613 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 22 SGX '000 Sep 7 S$ +/-Vol CH Offshore 0.39 0.01 48 Chuan Hup Hldg 0.21 0.01 20 Cosco Corp 1.07 0.03 ***** CWT Ltd 1.07 0.01 1031 Ezra Hldgs 0.96 0.02 7504 First Ship Lea 0.29 unch 147 Freight Links 0.06 unch 107 Grand Banks 0.33 -0.01 25
      278 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8102 23 Transaction date: Sep 7 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 12.8 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5 +0.3 45 5 5 5 5.4
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      Lock icon SGX CATALIST
      1471 24 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 13.7 t 800 Super 15 14.8 16 4.7 3.7 5.8 26.8 5.5 3.7 t AA Grp 4 2.9 3.8 19 3.9 200 114
      1,471 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      10029 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.19/ APS Alpha Fund (USD)!** 0.99/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.5583/ Asian Credit Fund
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    • Article
      Lock icon GLOBALQUOTE
      249 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A39cd 38 42 3.6 9 3.1 101.6 55 29.5 Genting HK US$ US35 +0.5 7826 35.5 34.5 35 35.5 2304.6 20.5 10 OGL Resources
      249 words
    • Article
      Lock icon SGX ETF
      833 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 130 +5 46 130 130 110 130 593.4 1261 946 CIMBAsean40 100US$ US1011 -11 1029 1038 40.4 350 276 DBS
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 6 Index Change Change Change Change Change Change World Index Preliminary 779.6 -1.3 -13.2 -1.6 -16.4 -1.8 -11.5 EAFE Preliminary 652.4 -0.3 -18.5 -1.2 -19.8 -1.4 -15.1 Europe Preliminary 944.0 0.5
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Sep 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.43 0.37 WTI (Near Mth) 85.93 2.42 Dubai (1-Mth F) 105.92 -0.12 Tapis blend 119.67 0.02 Minas 114.42 0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.50 -1.00 Jet Kerosene 124.23 -0.60 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Sep 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1413.50 1436.00 1426.25 1402.25 Nov 11 1422.50 1445.75 1434.50 1408.00 Jan 12 1432.25 1455.75 1446.50 1418.50 Mar 12 1436.25 1459.75 1447.25 1422.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 57.56
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 25 Sep 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 08.12.2011 0.19 1-Year BY*****X 02.05.2012 0.19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.76 103.80 103.78 5-Year N*****0W 1.125 01.04.2016 102.80 102.95 102.95
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 25 Sep 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6325 0 2503 Dec11 99.4500 0 1276 Mar12 99.4550 0 1015 Jun12 99.4700 0 1189 EUROYEN TIBOR FUTURES Sep11 99.6775 99.6775 99.6775 99.6775 14 1597 Dec11 99.6875 99.6875 99.6875 99.6875 0 2289 Mar12 99.6875 150 2338
      457 words
    • Article
      Lock icon SGX FUTURES
      165 25 Sep 7 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 471.0 470.0 471.0 20 370 Nov 11 471.0 470.5 471.0 12 336 Dec 11 472.5 504 Jan 12 474.5 474.5 474.5 5 339 Feb 12 475.5
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      Lock icon SMX MARKET UPDATE
      110 25 As on 6 September 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 1910.50 1907.30 1908.90 1900 Gold DEC-11 1899.70 1870.00 1890.70 1902.5 Silver DEC-11 43.245 41.930 42.410 42.915 CURRENCY GBP-US Dollar
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Sep 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.241 Can dollar 1.243 1.196 Euro 1.726 1.66 Sterling pound 1.965 1.89 NZ dollar 1.025 0.977 US dollar 1.225 1.178 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 25 Sep 7 Open High Sett STI Sep 2832 SIMSCI Sep 318.6 325.3 325.1 Taiwan Sep 258.1 266.0 265.8 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2205 25 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 10 1 150 25 12.80 32 ASJ Hldgs W*****1 0.5 1 4 12 8.00 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 1 20 91
      2,205 words
    • Article
      Lock icon INTERBANK RATES
      154 25 Sep 7 $S Offer Bid 0vernight 0.02 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.05 US$ 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
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    • Article
      Lock icon INTERBANK CROSS RATES
      463 25 Sep 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.048 6.780 0.753 8.267 48.795 90.827 0.819 11.369 3.165 1.280 92.763 44.833 1.281 7.528 0.908 30.876 31.801 0.662 1.061 Canada 0.955 6.472
      463 words
    • Article
      Lock icon SIBOR
      85 25 Sep 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths -0.***** 6 mths -0.***** 9 mths -0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      138 25 Sep 7 GOLD (US$/oz) Sep 07 Sep 06 Hong Kong 1843.00 1904.00 Sep 06 Sep 05 London 1886.19 1897.65 1888.91 1898.85 Source: Thomson Reuters CAST BAR Sep 07 (S$) Selling Buying Kilobar 78,189.18 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 175 73 5gm 497 365 10gm 888
      138 words
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      Lock icon LONDON METALS
      70 25 Sep 6 Sep Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2344.50 2350.50 3 months 2380.00 2387.50 Copper, Grade A (US$/tonne) Cash 8913.00 8940.00 3 months 8933.00 8959.50 Lead (US$/tonne) Cash 2402.00 2453.00 3 months 2385.00 2435.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Sep 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2798 1.2815 1.0605 1.0610 Canadian dollar 1.2217 1.2233 1.0124 1.0129 Euro 1.7001 1.7017 1.4088 1.4089 NZ dollar 1.0001 1.0015 0.8287 0.8292 Sterling pound 1.9323 1.9344 1.6012 1.6016
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Sep 7 S$ Bid Offer 1-month 1.2066 1.2077 2-months 1.2062 1.2075 3-months 1.2053 1.2066 6-months 1.2023 1.2038 Source: OCBC
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    • Article
      Lock icon PALM OIL
      65 25 Sep 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3120 3140 3140 3120 235 1928 Oct 11 3050 3089 3100 3050 1215 ***** Nov 11 2998 3042 3053 2978 7971 ***** Dec 11 2990 3031
      65 words
    • Article
      Lock icon LIFFE
      82 25 Sep 6 COCOA (£/tonne) Close Prev High/Low Sep 11 1884 1916 1917/1868 Dec 11 1917 1943 1945/1899 Mar 12 1938 1961 1962/1919 May 12 1947 1967 1963/1929 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2133 2154 2152/2129 Nov 11 2172 2194 2200/2155 Jan 12 2199 2217 2223/2183 Mar 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon LTE adoption picking up speed
      921 26  -  Singapore is one of the first countries in the world to launch a commercial network, reports VICTORIA HO reports VICTORIA HO BY 2016, the AsiaPacific region will have 200 million subscribers of the latest mobile technology known as LTE (long-term evolution) also termed as fourth-generation
      921 words
    • Article
      Lock icon Cloud and big data changing IT landscape: EMC
      637 26  -  By AMIT ROY CHOUDHURY CLOUD computing and big data are two of the most disruptive innovations in the IT industry and will transform the way businesses manage and extract value from their most important asset information, according to EMC Corporation. EMC’s Sanjay
      637 words
    • Article
      Lock icon Groupon may delay IPO launch: sources
      283 26 NYT [NEW YORK] Groupon is considering a delay to its long-awaited initial public offering (IPO) amid turmoil in the stock market. While the online coupon giant had been hoping to go public by the end of this month, it is studying the market conditions
      NYT  -  283 words
    • Article
      Lock icon Sony banks on local talent to develop gaming hits
      496 26  -  Singapore will be its hub to develop games for SE-Asia By VICTORIA HO SONY is investing in more video game titles which appeal to Asian audiences outside Japan, and is sinking roots in Singapore to develop games for the Southeast Asian
      496 words
  • Page 26 Advertisements
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      27 26 HOSTEDBY CHARMAINEYEEAND JEREMY RATN AM f MEET GREET ■PASSES ff f *< Cif J SATURDAY, 17 SEPT 2011. ST JAMES POWERHOUSE 91.3FM TOUT'S BEST MUSIC nubox /*FN UNIVERSAL
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      Lock icon Page 26 Advertisements Column 2
      52 26 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY Home improvement m Msgs* !QSJ J LJ m c -fi -W Personality and style dominate many of the Indian homes here SINGAPORE WELCOMES ITS NEW CITIZENS est-of' riser B' raPMalfonal i" i"J f: -T' GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE
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  • PROPERTY
    • Article, Illustration
      Lock icon India introduces long delayed land reform bill
      458 27 It aims to placate rural voter base and woo infrastructure investment Reuters [NEW DELHI] India’s government edged closer to overhauling a century-old land acquisition law yesterday by introducing a bill in Parliament that aims to placate a rural voter base while also attracting
      Reuters; AP  -  458 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 18 WITH CONTRACT DATES BETWEEN AUG 10 AND AUG 16, 2011
      1609 27 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 12/08/2011 99 603 1168 1938 The Clift Apt 11/08/2011 99
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    • Article, Illustration
      Lock icon US mortgage applications fall for third week
      532 28 Prospect of more foreclosures may keep house prices at distressed levels Bloomberg [WASHINGTON] Mortgage applications in the US fell for a third consecutive week as fewer Americans refinanced, while purchases stayed close to a 14-year low. The Mortgage Bankers Association’s index decreased 4.9
      Bloomberg; BLOOMBERG  -  532 words
    • Article
      Lock icon Fitch updates on US Reits’ liquidity coverage ratios
      207 28 Reuters [NEW YORK] The median liquidity coverage ratio for select US equity real estate investment trusts (Reits) is estimated to be 1.1 times (x) from July 1, 2011 to Dec 31, 2013, compared with 1.4x from April 1, 2011 to Dec 31,
      Reuters  -  207 words
    • Article
      Lock icon Beijing to keep tabs on 4t yuan housing project
      223 28 Reuters [BEIJING] China will tighten supervision of a nationwide affordable housing building programme estimated to cost four trillion yuan (S$756 billion) over five years, state media reported on Tuesday. A discipline unit of the ruling Communist Party will send 10 inspection
      Reuters  -  223 words
    • Article, Illustration
      Lock icon Developers destroy heritage, says Wen
      348 29 He tells state media it leaves China with a culture of ‘phony’ modernisation AFP [BEIJING] China’s Premier Wen Jiabao has accused land developers of destroying traditional heritage and leaving the nation with a culture of “phony” modernisation, state media said yesterday. Disputes over forced land
      AFP  -  348 words
    • Article, Illustration
      Lock icon Australia’s building activity falls
      262 29 It is at its lowest in almost two and a half years in August Xinhua [SYDNEY] Australia’s construction activity fell to its lowest level in almost two and a half years in August, largely due to a sharp fall in new work orders, the Australian Industry
      Xinhua; REUTERS  -  262 words
    • Article, Illustration
      Lock icon Lukewarm response for Upper Serangoon site
      514 30  -  It draws just three bids and top bid at $291 psf ppr is lower than expected By UMA SHANKARI [SINGAPORE] A 99-year leasehold housing plot at Upper Serangoon drew just three bids and a lower than expected top bid at the close of the
      514 words
    • Article
      Lock icon UK home prices fall 1.2% in August: Halifax
      140 30 But this is an improvement, says the mortgage lender Reuters [LONDON] British house prices fell 1.2 per cent in August, mortgage lender Halifax said yesterday. While prices were 2.6 per cent lower in the three months to August compared to the year-ago
      Reuters  -  140 words
  • Page 27 Advertisements
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      204 27 B li Sammi Lim CEA Reg No.: R*****9J Investment Properties 99/101 TAN JONG PAGAR ROAD Prime 3 1 /2-storey conservation shophouse Land Area: Approximately 3,160 sq ft GFA: Approximately 10,000 sq ft Main road frontage Close to Tanjong Pagar MRT Station Good for showroom space, F&B, investment GB BUILDING Office
      204 words
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      Lock icon Page 28 Advertisements Column 1
      121 28 Site at Robin Road 250m to Stevens MRT •Dist.10,Land23,084sf,GPR1.4/5-sty;FH •Approx 250m to Stevens MRT Station Stevens MRT •Within 1km to SCGS ACS (Barker Rd) •Potential for 56 apts of average 600 sf Tender Closing on 5 October 2011 (Wed), 2.30pm yewmin@credo.com.sg (CEA Regn No: R*****3H) choonfah@credo.com.sg (CEA Regn No: R*****1A)
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      Lock icon Page 28 Advertisements Column 2
      226 28 District 9 Emerald Hill Address For The Privileged Few Masterpiece with only 40 exclusive homes Spacious 3 and 4 bedrooms ready for occupation soon Unobstructed views of Marina Bay Sands and the Raffles Skyline* Special prices before TOP Brand new showflat open for private previews NOW "Selected Apartments, Call Now:
      226 words
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      Lock icon Page 28 Advertisements Column 3
      68 28 “Best Time to Invest in Central Tokyo” Investment Fair Venue: #06-00 Raffles City Tower 250 North Bridge Road Singapore *****1 Prime condominiums within core central wards Ride on Japan’s recovery Freehold title No restrictions on foreigners High occupancy and stable yield Prices from S$380,000 Date: 10 11 Sept 2011 (Sat
      68 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      98 29 Perth City Link Perth, Western Australia EXPRESSIONS OF INTEREST ARE NOW CALLED FOR 2.85 million SQF GFA mixed use development opportunity. Reid Ballantine+61 478 319 257 www.epra.wa.gov.au RARE_EPR*****D_SING PRIME ORCHARD AREA COMMERCIAL SPACE *Interior rendering For illustration only nomu Handy Road avant-garde double-volume commercial space contemporary architecture by multi-award winning
      98 words
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      Lock icon Page 29 Advertisements Column 2
      221 29 West Coast Way Site for 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 NUS,SporePoly,IMM,ClementiMall Tender Closing on 19 Sep 2011 (Mon), 2.30 pm 6227 6066enerosngon19
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      Lock icon Page 29 Advertisements Column 3
      314 29 SUN OPEN HOUSE 2-5PM! n D.20 Nr Thomson Plaza MRT, Jin Sembilang, Brand New! Just TOP. 2.5 Storey, F.H, Corner Terr 3550/6146 sqft. 6+1 Roof Gdn 2 Car Wlnlln Ng *****132 L3QQ8Q22J-R0152Q4A PropNex Building Wealth Through Structured Property Investment Every property investment opportunity that is presented to our clients has
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      100 30 o 3 CD a> W id ID CD p ID 3 3 CD flj O cr. < ID CD (A CFDs allow you to take advantage of falling or rising prices. Trade on shares, commodities, indices, forex and more. Singapore's No.1 for CFD Customer Satisfaction.* Find all you need to
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