The Business Times, 15 September 2011

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Total Pages: 59
1 26 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, September 15,
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  • 794 1  -  By KALPANA RASHIWALA By [SINGAPORE] While private home sales by developers have held up despite global economic gloom, the secondary market has turned noticeably sluggish. This could point to investment demand slowing down and January’s cooling measures hitting speculative activity. Credo Real Estate’s analysis
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  • 143 1 GST INDEX 2,732.35 (+9.98) GST INDEX FUTURES 2,739.00 (+9.00) GSIMSCI 315.42 (+2.01) GSIMSCI FUTURES 315.20 (+1.60) FOREX US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.574 1.962 EURO (US$/S$/E) 1.365 1.702 Foreign currency per US$ S$ YEN 76.90 61.70 RM 3.081 2.470 HK$ 7.806 6.259 BAHT 30.27
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  • 777 1  -  Closer eye on S-chips as changes will raise governance bar for overseas listings By JAMIE LEE [SINGAPORE] The Singapore Exchange (SGX) yesterday announced a new round of changes to listing rules, many of which are aimed at boosting corporate governance standards relating to foreign
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  • Page 1 Advertisements
    • 44 1 PROPERTY Singapore hotels continue to shine PAGE 32 HOCK LOCK SIEW What will MAS tell OCBC now? PAGE 6 Property 2011 For insights on investment opportunities in the property market, turn to the special 26-page property supplement with today’s edition of The Business Times.
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    • 2 1 *****1 *****4
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    • 90 1 COMMENTARY Central banks: it’s time for a new raison d’etre PAGE 22 You never actually own a Patek Philippe. You merely look after it for the next generation. W; '*V&\ v ?!li PATEK PHILIPPE GENEVE Bcgi"your own tradition. Wffil lust SI* ■'aaa: c a si 9 54 SINCERE fine watches
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    • 9 1 BizIT Pacnet may go for public listing PAGE 30
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  • TOP STORIES
    • 569 2 SGX learns Chinese lessons, tweaks rules THE Singapore Exchange yesterday announced a new round of changes to listing rules, many of which are aimed at boosting corporate governance standards relating to overseas listings. A clear case in point is that share pledges in loans by controlling shareholders and
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    • 655 2  -  Shares had slumped in early trade on Moody’s decision on top French lenders By NEIL BEHRMANN in London HOPES that the European Union (EU) will agree to the issue of euro bonds helped offset the downgrading of major French banks. In early morning
      AFP  -  655 words
    • 413 2  -  By CHEN HUIFEN [SINGAPORE] More than 400 members of the prestigious Singapore Island Country Club (SICC) have raised a vote of no confidence against some office bearers of its existing general committee (GC), which is set to see an overhaul
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    • 604 4  -  By ANTHONY ROWLEY in Tokyo LEADING US and European banks are stepping up pressure to scrap new global capital surcharges proposed by the Bank for International Settlements (BIS) under its new Basel III rules, partly out of fear that these could favour
      604 words
    • 764 4  -  Ruling may help HLF determine if it has viable claim against Morgan Stanley By GRACE LEONG [SINGAPORE] A High Court judge ordered the Singapore arm of Morgan Stanley to produce documents that Hong Leong Finance hopes will explain the failure of Pinnacle
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    • 356 4  -  Top-end Paddock Club sold out but demand still high By SAMUEL EE [SINGAPORE] “Exceptionally strong” demand has seen 98 per cent of the corporate suites at this year’s Formula One (F1) night race taken up already faster than last year. All dedicated hospitality suites are
      THE STRAITS TIMES  -  356 words
    • 467 4  -  By EMILYN YAP [SINGAPORE] Next to the eurozone’s festering debt crisis, fiscal deficits in the US seem to have become a mere footnote for investors. The US dollar has regained favour, spiking against a broad range of Asian currencies in the last few days as fears
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  • Page 2 Advertisements
    • 645 2 A special series brought to you by Bursa Malaysia and ShareInvestor SPORTING POLITICS London Olympics and general election set to benefit Media Prima Sports fans are not the only ones eagerly awaiting next year’s London Olympics. Media groups are also planning ahead to cash in on the extra advertising spend
      645 words
    • 87 2 Prestigious business address. Start immediately with minimal start-up cost. 3 tiers of services to suit your business requirements. 24/7 communication services. Access to our impressive meeting facilities. T1 SERVICED OFFICE Creative work environment and fully furnished suites ready to start. Prime downtown locations. No start up capital costs. Full range
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  • Page 4 Advertisements
    • 90 4 Ready for your MBA? Meet the World's Best Business Schools at The MBA Tour Conference in Singapore Saturday September 17,2011 10:30-17:00hr Marina Mandarin Singapore Hotel K A D A Marina Square, 6 Raffles Blvd, THE A/IBA.TOUR Singapore *****4 Your future begins here National University of Singapore, INSEAD, Copenhagen Business School,
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  • Page 5 Advertisements
    • 131 5 Europe s best airline. 18.8 million voted. One was named. Every year, Skytrax, the world's civil aviation audit and service benchmarking programme, announces the best in the airline business. They do this by simply asking frequent flyers. In 2010,18.8 million passengers were asked to choose their favorite airline in Europe.
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  • COMPANY NEWS
    • 510 6  -  Market volatility cited as investors retreat amid contagion in Europe By SIOW LI SEN EZRA Holdings has canned its proposed issue of perpetual bonds citing market volatility as investors have retreated to the sidelines amid alarming newsflows from Europe’s deepening financial crisis. Fixed
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    • 365 6  -  Market conditions, former auditor’s disclaimer cited By LYNN KAN MORE than 10 months after announcing a proposed rights issue to raise up to $4.05 million in net proceeds, beleaguered Darco Water Technologies has now pulled the plug on the plan. The move came after
      365 words
    • 670 6  -  HOCK LOCK SIEW By SIOW LI SEN WHEN the news of OCBC Bank’s systemwide breakdown spread on Tuesday, it seemed a little ironic. Some financial journalists had just emerged from a meeting with The Association of Banks in Singapore (ABS), which announced it would
      670 words
    • 210 7 Reuters [LONDON] Manchester United is planning to raise up to two-thirds of a planned US$1 billion initial public offering in Singapore through non-voting preference shares, the Financial Times reported yesterday. The newspaper reported that the move would keep as much
      Reuters  -  210 words
    • 602 7  -  Conference explores whether their fees should match up to increased liabilities Reports by LYNETTE KHOO HOW should independent directors be fairly compensated given their increased responsibilities and liabilities? How should the interests of independent directors be aligned to those of shareholders? The heat was on these questions
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    • 387 7 FINANCIAL reporting standards are changing too rapidly, leaving auditors bogged down by compliance and taking their attention from the audit itself, say industry experts. Speaking at a panel discussion yesterday at the SID Directors Conference 2011, some advocate a shift away from prescription-based accounting
      387 words
    • 642 9  -  But survey shows improvement in sentiment towards US By CARINE LEE MORE fund managers are expecting Europe to fall into recession in the next 12 months, resulting in them losing confidence in other regions too. But their sentiment towards US has improved. These
      642 words
    • 342 9  -  By MINDY TAN INDONESIAN financial services group Malacca Trust yesterday posted a net profit of 10.78 billion Indonesian rupiah (S$1.5 million) for the second quarter ended June 30, 2011, up 27.6 per cent from 8.4 billion rupiah a year ago. The earnings attributable to
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    • 233 9 Reuters [LONDON] Edin-burgh-based fund manager Martin Currie sought to revive its China equities business through a partnership with APS Asset Management, following the loss of its star fund manager in the region. The two companies said they had signed a memorandum of understanding to
      Reuters  -  233 words
    • COMPANY BRIEFS
      • 187 9 HOTEL Grand Central said that it has received the settlement for damages incurred to its properties and businesses in the Sept 4, 2010, and Feb 22, 2011, New Zealand quakes in Christchurch. The group and its subsidiaries own hotel, car park and retail properties at
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      • 138 9 STRUCTURAL steel contractor Yongnam Holdings has secured two structural steelwork projects valued at $23.7 million. The first, for works on the Asia Square Tower 2 in Marina View South, consists of the supply, fabrication, surface treatment, delivery and erection of structural steelworks. Installation in the
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      • 70 9 AUSGROUP has won a $30 million structural, mechanical and piping contract in Rio Tinto through its subsidiary, AGC Industries Pty Ltd. The work, to be carried out on Dampier Incremental Expansion project, comprises the construction of two conveyors and two surge bins, with completion expected by
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 169 7 SID Singapore Institute of Directors Professional Training for Company Directors The Singapore Institute of Directors (SID) is the national association of company directors. SID promotes the professional development of directors and corporate leaders. It works closely with private sector professional firms, academia and regulators, its network of members and professionals,
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  • Page 8 Advertisements
    • 217 8 THE STRAITS TIMES. OXB4' 21" n ii Print. I K H' Online. 4 r <i.k' THE STRAITS TIMES. ($24.65 per month) A ST Online ($26.65 per month) iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for just $2 more. THE jstiLA With
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  • Page 9 Advertisements
    • 200 9 www.vw.com.sg »^)i SB S$a33W^, <oei 7 tiitir VsjtA' =t*»it»ys?gtyj: nJ>3£ .ss* IHi? ***** V .r: i- *:*:-?*r: asMtfaidftdlridBfe -■^■Y^-.-.;sV^T^^®!?»^rafe5«e.• I W« 3fe??§k iSa»4»i.vE t i.^SaSSS^fe, r r J <"■«■•» ,«••>—■fyr"*, ■—-r"?.s5Q---3! i«r>. New Sharan. The ultimate MPV. Class-leading performance. The Sharan has a 2.0 TSI engine with 200 bhp and
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  • SINGAPORE MARKETS
    • 574 10  -  But gain brought by modest HK bounce and slightly firm Europe opening was limited due to softer Dow futures STOCKS R SIVANITHY Senior Correspondent STOCK prices yesterday were mainly weak, although a modest bounce in Hong Kong and a marginally firm opening for Europe helped
      Source: Bloomberg  -  574 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 4 0 0 0 10 2 4 Manufacturing 55 41 37 4 8 6 59 49 43 Commerce 18 22 19 1 4 4 19 26 23 Tpt/Stor/Comms 19 13 7
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    • 122 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,788 24,788 113,274 113,274 Manufacturing 125,385 10,875 136,260 156,864 221 157,085 Commerce 119,399 1,860 121,259 158,494 114 158,607 Tpt/Stor/Comms 123,775 2,106 125,881 234,516 167 234,683 Finance 29,160 201 29,361 297,789 43 297,832 Construction 14,943 8,047
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    • 114 10 Stock name Close Change CapMallsAsia 1.300 +0.015 CapitaLand 2.550 +0.050 CapitaMall 1.880 +0.035 CityDev 9.990 +0.170 ComfortDelGro 1.330 +0.015 DBS Grp 12.160 -0.040 F&N 5.690 +0.110 GLP 1.675 +0.005 Genting SP 1.670 +0.025 Golden Agri 0.670 +0.020 HK Land 4.980 -0.160 JMH 49.210 -0.540 JSH 27.520
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    • 4 10 DAILY
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    • 65 10 Sep 14 VALUE CLOSE BT OB/OS -577.00-356.00 BT CADI -*****.00 +19.00 BT 10-day MA -*****.00 -57.00 FTSE ST Mid Cap 638.97 +2.67 FTSE ST Small Cap 436.03 +1.58 FTSE ST All Share 665.02 +2.48 FTSE ST China Top 198.41 +0.36 FTSE ST China 232.79 +0.06 FTSE ST
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    • 58 10 VOLUME ChinaNTown 274,827,000 Genting SP 138,030,000 Golden Agri 126,991,000 Noble Grp 48,490,000 SingTel 40,372,000 Sheng Siong 36,716,000 Pacific HC 18,047,000 Yangzijiang 17,084,000 Swiber 16,421,000 GentingSMBeCW*****3 16,130,000 VALUE($) Genting SP 230,004,515 SingTel 123,343,893 DBS Grp 102,001,665 UOB 88,301,200 Golden Agri 84,426,990 OCBC Bk 84,261,340 Keppel Corp 74,438,490 Noble
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    • BROKERS’ TAKE
      • 381 10 OCBC INVESTMENT RESEARCH, Sept 14 THE Monetary Authority of Singapore recently calibrated its forecast for Singapore’s GDP growth in 2011 from 5-7 per cent to 5-6 per cent. We expect the uncertain economic outlook to impact job creation and subsequently demand for office space. We examined job
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      • 453 10  -  DBS GROUP RESEARCH, Sept 14 Compiled by CONRAD TAN SINGAPORE banks are stronger now compared to 2008 in terms of asset quality and capital but recessionary concerns are bound to create jitters in the equities market and weigh down share price performance. With this backdrop, we would remain
        Source: Bloomberg  -  453 words
      • 122 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 549 10 CURRENCIES Reuters [LONDON] The euro rose against the dollar yesterday, turning positive in tandem with stocks after European Commission comments suggesting the possibility of joint euro area bonds, but remained vulnerable to a drop towards recent lows. Demand from real
      Reuters; REUTERS  -  549 words
    • 113 10 BY CENTS CLOSE UP IS DJ US Tech 6020 364.0 5.1 GLD 10US$ ***** 172.0 0.8 IS S&P500 ***** 145.9 1.0 DBXT MSEurope 10US$ 3764 79.8 1.7 Lyxor AsiaIT 10US$ 2275 63.6 2.3 DBXT AUDMM 5AU$ ***** 56.1 0.2 DBXT MSJAP 10US$ 3515 23.7 0.5 Lyxor Nasdaq100 10US 882
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    • 126 10 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5004-285.5 -4.4 Lyxor AsiaMT 10US$ 5673-264.3 -3.6 DBXT Nifty 10US$ *****-210.7 -1.6 JSH 2752-122.2 -3.4 Jardine C&C 4278-112.0 -2.6 Lyxor EmergingMkts 1 975 -93.5 -7.1 DBXT MSINDO 10us$ 1469 -84.8 -4.4 DBXT S&P Short 10US$ 4638 -76.1 -1.3 Lyxor LatinAmerica 1 745
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    • 5 10 DAILY
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  • SINGAPORE NEWS
    • 636 11  -  Buildings urged to use more efficient cooling systems By LYNN KAN SMALL to medium-sized building owners are being nudged to ditch energy guzzling cooling systems and opt for more efficient ones by the Building and Construction Authority’s (BCA’s) new loan financing scheme. The nudge may
      636 words
    • 247 11  -  By DOLLY CHIA MOTORISTS in Singapore are continuing to engage in reckless driving behaviour, according to AXA’s latest annual Road Safety Survey. The study of 600 motorists indicated speeding through amber lights as the most frequently committed misdeed, followed by speeding at more than
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    • 472 11  -  Removal of Aug 15 cut-off date to benefit prospective buyers of 5 projects By UMA SHANKARI THE revised income ceiling of $12,000 to purchase executive condominiums (EC) will now apply across the board regardless of the project’s launch date. The
      472 words
    • 174 11 THE charm offensive on Indian companies has begun. Representatives from the Economic Development Board and Standard Chartered Bank are in New Delhi to coax more Indian companies to grow their business here. The delegation will highlight the Republic’s range of free trade agreements,
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    • 613 12  -  Move to 23rd spot attributed to 10% increase in average hotel room rate By MINDY TAN SINGAPORE jumped seven places up on the list of most expensive cities in the world, owing to a 10 per cent increase in average
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    • 390 12  -  Heightened competition for talent recognised By KELLY TAY DESPITE growing uncertainty about the global economy, findings from two separate studies reveal that Singapore’s professional employment market outlook is likely to remain positive. Both annual surveys the Michael Page Salary and Employment Forecast, and the
      390 words
    • 350 12  -  MOUs to develop eco-city products signed in Guangzhou By LYNETTE KHOO COMPANIES are increasingly looking to leverage on the Sino-Singapore bilateral project Guangzhou Knowledge City (GKC) as a test-bed for green technologies and to conduct research and development activities. This has translated to another
      350 words
    • 494 12  -  By CHUANG PECK MING FORMER prime minister Lee Kuan Yew yesterday again cautioned against pushing for a two-party political system this time in light of the unfolding debt crisis in Europe and America. But Singapore’s founding father, who was speaking for the first time
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    • 451 12  -  By RONNIE LIM By SINGAPORE is exploring the feasibility of yet another underground project this time, a subterranean multi-utility hub to service the multi-billion dollar, 200 ha One-North research and business parks coming up at Buona Vista. JTC Corporation has just issued
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  • Page 11 Advertisements
    • 199 11 Gold finds support and breaks resistance? SAXO CAPITAL MARKETS Chart GOLDcont v Customize zz 1 Daily v I Candlestick v Update hnp$-//www 1.917.27 1 w t Seize the opportunities. Seize the opportunities with Saxo: <§> Trade Gold 'Live' with spot, futures and CFDs <S> Trade Gold-related equities and ETFs/ETCs <S>
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  • Page 12 Advertisements
    • 129 12 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
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    • 14 12 Uber Penthouse One Shenton Duplex: Fully Furnished: 9,038 sq ft Sale: $28m: Tenanted $60K/mth
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  • Page 13 Advertisements
    • 324 13 3 Investment i Trends MARKETS 0.1% commission and Direct Market Access on Singapore share CFDs E Ticket Q Straits Asia Resources Ltd DMA OTC Current 2.890 ng:0 H 2.920 L 2.860 Ordoi E 2.880 2.890 Ticket *****0 *****0 ***** *****0 ***** 2.870 2.900 Golden Agri-Resources Ltd DMA >Tc 2.860 2.910
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  • ECONOMY WATCH
    • 626 14 Savers now search for safe havens, a trend that could worsen conditions Bloomberg [NEW YORK] European banks are losing deposits as savers and money funds spooked by the region’s debt crisis search for safe havens, a trend that could worsen economic and
      Bloomberg  -  626 words
    • 657 14 At 15.1% US has the highest poverty rate among rich nations Reuters [WASHINGTON] A record 46 million Americans were living in poverty in 2010, pushing the US poverty rate to its highest level since 1993, according to a government report on Tuesday on the
      Reuters; AFP  -  657 words
    • 617 14 But troubles in US, Europe, Japan likely to clip momentum Reuters [HONG KONG] Asia’s emerging economies will grow robustly into 2012, led once again by China, although troubles in the United States, Europe and Japan will clip their momentum, the Asian Development Bank
      Reuters  -  617 words
  • Page 14 Advertisements
    • 262 14 v® N> \*M vT •>.; TV' C;-.S> V*. *3r •S<v- 3 > v L> st William's Court vvy. w38& KING'S CROSS W-giC <** <L «L A -Tvv.il -xs :*> «8» K Vr<' r:. v^; i yrtC L ifl' .dVit P *2 I :"3*. 1* y vl y J*- >; J.
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  • Page 15 Advertisements
    • 395 15 Bringing smarter computing to big data To build a smarter planet, we need smarter computing computing that is tuned to the task, managed in the cloud and, importantly, designed for big data. How big? We're now creating 2.5 quintillion bytes daily so much that 90% of the data in the
      395 words

  • MALAYSIA/INDONESIA
    • 406 16 Sub-contractors, 10,000 workers launch one-month action for higher wages Reuters [TIMIKA, Indonesia] Freeport McMoRan Copper Gold’s Indonesia workers kicked off a month-long strike at the world’s third-biggest copper mine in the early hours of today, a union official told Reuters. It is the second strike
      Reuters  -  406 words
    • 555 16  -  Company may soon have to raise funds for daily operations, says chief executive By PAULINE NG in Kuala Lumpur MALAYSIAN utility Tenaga Nasional will need to spend an additional RM3 billion (S$1.2 billion) on alternative fuels for power generation this year
      555 words
    • 540 16 Bloomberg [JAKARTA] Indonesia’s central bank signalled it may cut the benchmark interest rate to spur growth in South-east Asia’s biggest economy as Europe’s debt crisis threatens demand for the country’s exports. Policy makers are ready to “adjust the rate and
      Bloomberg  -  540 words
  • Page 16 Advertisements
    • 1587 16 [•■ATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ACE ACHIEVE INFOCOM LIMITED Registration No. ***** (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ACE ACHIEVE INFOCOM LIMITED will be held at The Gallery, Level 4, Paramount Hotel, 25 Marine Parade, Singapore
      1,587 words
    • 202 16 999,999-year Leasehold Residential Site CHANGIRD co FOWLIERDRD T Parkway East Q Hospital cc EAST COAST RD Subject Site CHIJ i (Katong) 1 Pri MARINE PARADE RD Parkway Marina Parade Parade Community Bldg Jao Nan Sch Public Library ECP EAST COAST PARK Ceylon Flats 22-28C Ceylon Road Land Area: 2,152.4 sq
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    • 156 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF E-CLEARING (SINGAPORE) PTE LTD (In Creditors’Voluntary Liquidation) (Company Registration No. *****9787R) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held on 9 September 2011, the following resolutions as set
      156 words

  • GREATER CHINA/INDIA
    • 377 17 Analysts expect central bank to hold off further monetary tightening Reuters [DALIAN, China] China will keep monetary policy tight to contain inflation while forging ahead with structural reforms and boosting consumption to sustain long-term economic growth, Premier Wen Jiabao said yesterday. Speaking
      Reuters  -  377 words
    • 302 17 Bloomberg [MUMBAI] Billionaire investor Rakesh Jhunjhunwala and HDFC Asset Management Co expect India’s benchmark stock index, Asia’s worst performer this year, will at least double in the next five years as an expanding economy boosts company profits and drives valuations
      Bloomberg  -  302 words
  • Page 17 Advertisements
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  • WORLD
    • 760 18 People upset at big profits of these conglomerates as income gap widens NYT [SEOUL] This is not a happy time for the chaebol, the family-controlled conglomerates of South Korea. In Parliament, lawmakers call them “beasts”. Newspaper editorials liken them to unfettered predators
      NYT; AFP  -  760 words
    • 465 18 AFP [LONDON] The World Health Organisation yesterday urged Western Europe to be alert against drug-re-sistant tuberculosis in the wake of an “alarming rise” in the number of cases reported across the region, with London registering 3,500 case a year. The WHO hopes its
      AFP  -  465 words
    • 387 18 Bloomberg [SINGAPORE] Diabetes afflicts 366 million people, killing one every seven seconds, according to the International Diabetes Federation, which said new estimates of the global burden should spur greater action from world leaders. The number of sufferers was pegged at 285 million worldwide in 2009.
      Bloomberg  -  387 words
    • 415 20 But lower costs for energy, autos mean wholesale prices are little changed LATEST US DATA Bloomberg [WASHINGTON] Retail sales in the United States unexpectedly stagnated in August as a lack of jobs restrained shoppers, highlighting the risk the economy will stall, but there
      Bloomberg  -  415 words
    • 595 20 Asian stocks fall on comments; US to urge EU to do more to combat debt crisis Bloomberg Reuters [BEIJING] Chinese Premier Wen Jiabao, facing calls to widen support for indebted European countries, signalled that developed nations should cut
      Bloomberg; Reuters  -  595 words
    • 346 20 AFP [BRUSSELS] Belgium, already targeted by bond markets, headed into uncharted waters on yesterday after a surprise decision by its caretaker premier to resign amid deadlock in talks to end the country’s longest political crisis. Caretaker Prime Minister Yves Leterme set off a
      AFP  -  346 words
    • 430 20 Weaker growth and regional deficit performance cited Bloomberg [LONDON] Spain faces risks “on the downside” to its credit rating as growth slows and regional governments fall behind schedule on deficit-reduction targets, Fitch Ratings director Douglas Renwick said. “Risks for the credit rating
      Bloomberg  -  430 words
    • 603 20 Stability returns after two nutty weeks of competition NYT [NEW YORK] The weirdest US Open ever preceded by an earthquake and a hurricane, punctuated by rainouts, with a mysterious watery fissure opening up on the Louis Armstrong Stadium court
      NYT; PHOTOS: AP, REUTERS  -  603 words
    • 710 21 Strong fiscal positions seen spurring Asian central banks to buy more local debt Reuters [SINGAPORE] The beating that Asian currencies have taken in the past week will probably open up opportunities for longer-term investors to load up on local currency bonds, with
      Reuters  -  710 words
    • 584 21 Upset victory in New York ‘referendum’ a rebuff for Obama AP [NEW YORK] Republicans have scored an upset victory in a House race that started as a contest to replace Anthony Weiner after he resigned in a sex texting scandal but became a referendum on
      AP; AFP  -  584 words
    • 527 21 Reuters [ZURICH] Swiss banks are likely to keep helping tax dodgers hide their money, even after Berne struck deals with Germany and Britain to tax assets stashed in secret accounts, a banker-turned-whistle-blower told Reuters. “If you are going against these secrecy jurisdictions,
      Reuters; REUTERS  -  527 words
    • 343 21 NYT [MADRID] A Spanish judge has reopened an abandoned sexual-assault case against a Saudi prince who is one of the world’s richest men, reviving accusations that he raped a 20-year-old model on a luxury yacht in the Spanish Mediterranean in August 2008.
      NYT  -  343 words
  • Page 18 Advertisements
    • 1310 18 w [SATS <3* NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of JETS TECHNICS INTERNATIONAL HOLDINGS LIMITED (the “Company”) will be held at Chartroom, Raffles Marina, 10 Tuas West Drive, Singapore *****4 on Friday, 30 September 2011 at
      1,310 words
    • 1731 18 MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES (Company Registration No. *****3771D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at 47 Sungei Kadut Avenue, Singapore *****0 on 30 September 2011 at 11.00
      1,731 words

  • Page 19 Advertisements
    • 3651 19 Singapore Exchange Limited Company Registration No. *****4940D (Incorporated in the Republic of Singapore) Singapore Exchange Limited Company Registration No. *****4940D (Incorporated in the Republic of Singapore) SINGAPORE EXCHANGE SINGAPORE EXCHANGE Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of Singapore Exchange Limited (the
      3,651 words

  • Page 20 Advertisements
    • 88 20 THE SME MAGAZINE PRESENTS STAYINGONCOURSE Making the best of uncertain market conditions Withanuncertainworldeconomyanddwindlingconsumers’confidence,businessesfacehuge challengesahead.JoinusforthissessionasMichaelMa,GroupCEOandFounderofIndoChine Groupshareshisexperienceonhowheturnedadversityintoadvantagebystartingup duringtheAsianfinancialcrisisandweatheringtheSARSslowdown. TheIndoChine Groupowns26food&beverageoutletsintheregionandaresortinPhuket. MichaelJenkins,CEOofRoffeyParkInstitute(Europe&Asia)willalsoshareon howcompaniescanimplementcreativesolutionsandoptimiseresourcesto achieveapositiveperformanceinrelationtotheroughroadahead.RoffeyPark isanestablishedUKmanagementandleadershipinstitutewidelyrecognised foritsexpertiseandexperienceinprovidinghighimpactdevelopment programmesforindividualsandorganisations. Date: Oct 13 (Thursday), 6.45pm Venue: Grand Park City Hall (Coleman Street), Grand Ballroom Cost: $30 per person (inclusive of light dinner) Michael Ma Group CEO
      88 words

  • Page 21 Advertisements
    • 60 21 "Thanks to mum, everyone has better homes.^ ii ,lr ECO-FRIENDLY LED-LCD TV INVERTER WASHING MACHINE INVERTER AIR CONDITIONER TOMORROW ~W Tc GETHER Transforming houses to homes everywhere, the Hitachi team provides families and homeowners greater comfort and convenience. With innovative designs and enhanced features, everyday living just gets better. Hitachi
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  • EDITORIAL & OPINION
    • 507 22 EDITORIAL THE decision by the Ministry of Information, Communications and the Arts (Mica) to seek feedback on its proposed framework to regulate the collection, use, disclosure, transfer and security of personal data has not come a day too soon. Singapore is probably the
      507 words
    • 803 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent AMERICANS will have to wait for 14 more months before having the opportunity to decide who will occupy the White House for four more years. Yet it is starting to feel as though the country is
      803 words
    • 1046 22  -  An ex-BOJ official suggests they may play a better role acting as ‘infrastructure banks’ ANTHONY ROWLEY Tokyo Correspondent OVER lunch recently with Shijuro Ogata, former deputy governor for international relations at the Bank of Japan (BOJ), our conversation turned, not surprisingly,
      AFP  -  1,046 words
    • 1158 23  -  Indonesia, Malaysia and Philippines have grown in both quarters because their economies are well diversified By G SIVALINGAM The writer is visiting senior research fellow at the Institute of Southeast Asian Studies (ISEAS), Singapore AS THE US economy went into crisis and the
      AFP  -  1,158 words
    • 500 23  -  By TED LORD The writer is managing director, Barclays Capital DESPITE the high volatility in recent weeks, new covered bond issuance reached 20 billion euros, one of its best periods ever. Covered bond issuers throughout Europe were able to place their high-quality bonds with
      500 words
    • 382 23  -  By WEI GU REUTERS BREAKINGVIEWS THE supply of college graduates in China far exceeds demand. Blue-collar workers are much less plentiful. A decade-long expansion in university capacity has created distortions in the job market. China needs to work on the imbalances. The
      REUTERS  -  382 words


  • AVIATION
    • 738 24 They include a premium carrier in South-east Asia and a Japanese venture Bloomberg [SYDNEY] Qantas Airways Ltd, seeking to revive unprofitable international operations, is counting on five different airline units to win travellers in China, a country 60 times bigger
      Bloomberg; AFP  -  738 words
    • 629 24 Reuters [NEW YORK] US airlines may face a challenging outlook for the rest of the year, but strong travel demand and fourth-quarter capacity cuts are ensuring that airlines fly full airplanes, executives said on Tuesday, and their shares rose sharply. Delta Air
      Reuters  -  629 words
    • 496 24 Bloomberg [DALLAS] Delta Air Lines Inc will shrink seating capacity in 2012 to cut operating costs, and American Airlines is joining an industry pullback in flights for the end of this year. Delta’s available seating next year will
      Bloomberg  -  496 words
    • 405 24 AFP [SAN FRANCISCO] Internet giant Google launched a flight search tool on Tuesday in a potential challenge to online travel services. Flight Search is the first travel product from Google since its US$700 million acquisition of ITA Software earlier this year. “Since then, our
      AFP  -  405 words
    • 190 24 Bloomberg [LONDON] Royal Bank of Scotland Group has received more than five offers for its aircraft-leasing division, including ones from Terra Firma Capital Partners Ltd’s AWAS unit and Macquarie Group Ltd, said two people with knowledge of the talks. The offers are for
      Bloomberg  -  190 words
  • Page 24 Advertisements
    • 34 24 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY the -I write man Exclusive interview with Amitav Ghosh VIDYA GETS INTO SILK SMITHA MODE KM GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      34 words
  • Page 24 Miscellaneous
    • 348 24 CRYPTIC CROSSWORD Across 6 Man’s hot spirit sadly he dislikes his fellows (13) 8 President producing nothing great after liberation? (6) 9 Others won’t need a nudge (8) 10 Old bird’s endless whine (3) 11 Soldier finally buried in Polish tomb? (6) 12 See Conservative with celeb status showing preference
      348 words

  • 3635 25 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
    3,635 words
  • Page 25 Advertisements

  • SHIPPING
    • 467 26  -  Company put on US sanctions list in May for alleged sale of ship to Iran group By JOYCE HOOI TANKER Pacific Management (Singapore) Pte Ltd (TPM), which was slapped with a sanction by the US State Department for its role in
      467 words
    • 1189 26 Bloomberg [SINGAPORE] A record surge in trade between Asia and Africa to as much as US$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG to expand shipping links between the continents. Chinese and Indian demand for commodities
      Bloomberg; BLOOMBERG  -  1,189 words
    • 348 26 Reuters [LONDON] An oil tanker is waiting off Libya for loading instructions, the owner of the vessel said on Tuesday. In a sign that war-torn Libya is working to get its oil industry back on its feet, market sources said that the
      Reuters  -  348 words
    • 278 26 SGX '000 Sep 14 S$ +/-Vol CH Offshore 0.39 -0.01 131 Chuan Hup Hldg 0.21 unch 186 Cosco Corp 1.02 0.01 ***** CWT Ltd 1.04 unch 298 Ezra Hldgs 0.93 unch 5213 First Ship Lea 0.29 unch 141 Freight Links 0.05 unch 1080 Grand Banks unch unch 0
      278 words
  • Page 26 Advertisements

  • SINGAPORE STOCKS
    • 8038 27 Transaction date: Sep 14 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 13 11.1 14.8 7.8 4.7 2.7 62.3 9.5 4.5 A-Sonic 5 -0.4 30 5 5 4.9 5.5
      8,038 words
    • 1538 28 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 16 +1 31 16 14.5 14.5 16 4.7 3.4 6.2 28.6 5.5 3.7 t AA Grp 4 2.7 4
      1,538 words
    • 10035 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.2/ APS Alpha Fund (USD)!** 0.97/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.58/ Aberdeen Asset Mgt Asia Limited American Opp 0.5671/ Asian Credit Fund
      10,035 words
    • 230 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46cd +6 28 46 40 41.5 46 3.6 7.6 3.7 119.8 55 29.5 Genting HK US$ US33.5 +1 ***** 34 32.5 33 33.5 2205.8
      230 words
    • 853 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 125 570.6 1261 950 CIMBAsean40 100US$ US965 -19 164 987 964 964 977 38.6 350 276 DBS STI ETF 100
      853 words


  • FINANCE & COMMODITIES
    • 374 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 13 Index Change Change Change Change Change Change World Index Preliminary 783.9 0.7 -12.7 1.2 -14.3 0.8 -11.6 EAFE Preliminary 650.0 1.1 -18.8 1.6 -19.3 1.2 -16.7 Europe Preliminary 937.0 1.2
      374 words
    • 77 29 CRUDE OIL PRODUCTS Sep 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.92 -0.62 WTI (Near Mth) 89.86 1.67 Dubai (1-Mth F) 105.42 0.35 Tapis blend 120.64 0.78 Minas 114.69 0.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.33 0.77 Jet Kerosene 122.95 0.85 US$/barrel Opec Oil
      77 words
    • 107 29 Sep 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 11 1381.25 1387.50 1390.00 1374.00 Nov 11 1391.75 1396.00 1402.00 1382.00 Jan 12 1402.50 1406.25 1412.25 1392.75 Mar 12 1409.50 1413.00 1418.00 1399.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 11 57.16
      107 words
    • 81 29 Sep 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 15.12.2011 0.18 0.13 0.11 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 103.82 103.87 103.83 5-Year N*****0W 1.125 01.04.2016 102.87
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    • 460 29 Sep 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6375 0 2503 Dec11 99.4350 0 2906 Mar12 99.4350 0 1345 Jun12 99.4600 0 1446 EUROYEN TIBOR FUTURES Sep11 99.6700 99.6700 99.6700 99.6700 0 1597 Dec11 99.6800 0 2016 Mar12 99.6800 0 2338 Jun12 99.6775 0
      460 words
    • 171 29 Sep 14 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 467.0 465.0 465.0 25 359 Nov 11 467.0 465.5 465.6 29 310 Dec 11 467.0 467.0 467.0 8 504 Jan 12 476.4 465.5 467.3 6 339
      171 words
    • 104 29 www.smx.com.sg As on 13 September 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Silver DEC-11 40.995 40.360 40.515 40.23 Gold DEC-11 1836.50 1798.60 1813.90 1813.6 CURRENCY GBP-US Dollar SEP-11 1.5868 1.5821 1.5846 1.5789 Euro-US Dollar SEP-11 1.3737 1.3557 1.3724 1.3564 US Dollar-Jap Yen SEP-11 77.12
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    • 121 29 As at 9am Sep 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.282 1.233 Euro 1.732 1.666 Sterling pound 2.003 1.926 NZ dollar 1.047 0.998 US dollar 1.266 1.218 Local dollars to 100 units of foreign
      121 words
    • 27 29 Sep 14 Open High Sett STI Sep 2739 SIMSCI Sep 313.0 318.6 315.2 Taiwan Sep 260.9 263.7 255.0 Source: MF Global (S) Pte Ltd
      27 words
    • 2221 29 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 6 1 150 37 19.00 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 82
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    • 154 29 Sep 14 $S Offer Bid 0vernight 0.02 par 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.03 US$ 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
      154 words
    • 85 29 Sep 14 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 464 29 Sep 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 6.544 0.750 7.988 48.913 89.496 0.787 11.346 3.153 1.248 89.532 44.231 1.276 7.558 0.903 30.308 30.973 0.650 1.023 Canada 0.986 6.455
      464 words
    • 138 29 Sep 14 GOLD (US$/oz) Sep 14 Sep 12 Hong Kong 1833.00 1848.00 Sep 12 Sep 13 London 1833.20 1823.49 1833.95 1824.80 Source: Thomson Reuters CAST BAR Sep 14 (S$) Selling Buying Kilobar 78,944.60 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 177 74 5gm 502 368 10gm 897
      138 words
    • 70 29 Sep 13 Sep Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2335.30 2337.25 3 months 2370.00 2372.00 Copper, Grade A (US$/tonne) Cash 8745.00 8732.25 3 months 8770.00 8754.50 Lead (US$/tonne) Cash 2410.00 2445.00 3 months 2389.00 2423.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 57 29 Sep 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3110 3104 3125 3105 50 1456 Oct 11 3060 3060 3072 3040 1455 8542 Nov 11 3019 3019 3026 2989 9201 ***** Dec 11 3003 3007
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    • 154 29 Sep 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2757 1.2767 1.0233 1.0235 Canadian dollar 1.2584 1.2592 1.0094 1.0095 Euro 1.7017 1.7031 1.3650 1.3653 NZ dollar 1.0219 1.0231 0.8197 0.8202 Sterling pound 1.9617 1.9632 1.5735 1.5738
      154 words
    • 22 29 Sep 14 S$ Bid Offer 1-month 1.2466 1.2474 2-months 1.2462 1.2472 3-months 1.2457 1.2467 6-months 1.2425 1.2437 Source: OCBC
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    • 82 29 Sep 13 COCOA (£/tonne) Close Prev High/Low Sep 11 1809 1808 1821/1800 Dec 11 1850 1847 1864/1843 Mar 12 1880 1877 1893/1874 May 12 1895 1892 1908/1889 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2101 2147 2129/2115 Nov 11 2144 2190 2185/2142 Jan 12 2169 2214 2210/2168 Mar 12
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 467 30  -  It is also looking at acquisitions, reports AMIT ROY CHOUDHURY PACNET, an independent telecommunications service provider, is looking to expand operations and may go for a listing within a year to a year-and-a-half, subject to market conditions. The company’s chief executive Bill Barney said
      467 words
    • 737 30  -  By VICTORIA HO TODAY, the frontline sales staff at Honda distributor Kah Motors access their work e-mail on mobile devices and can access it at home, thanks to the cloud. But few would be aware of the overhaul that the company’s IT department had
      737 words
    • 377 30  -  By ROB COX REUTERS BREAKINGVIEWS NOW that Yahoo has fired its chief executive, anything could happen to the rudderless Internet hotchpotch. Private equity firms, one of Yahoo’s founders and even AOL are said to be mulling bids. But consider a more radical
      REUTERS  -  377 words
    • 324 30 AFP [SAN FRANCISCO] Microsoft has pulled back the curtain on new Windows computer operating software designed to power not only personal computers but also rivals to Apple’s iPad. Windows division president Steven Sinofsky stressed touchscreen tablets on Tuesday as he boasted of
      AFP  -  324 words
  • Page 30 Advertisements
    • 22 30 Property 2011 OPPORTUNITIES ABOUND For insights on investment opportunities in the property market, turn to the special 26-page propertysupplementwithtoday’seditionof The Business Times.
      22 words
    • 14 30 Interest makeshimstart ownbusiness Ex-steward toexpand sushi franchise toM-E For Subscription, call 6388 3838 www.sphsubscription.com.sg
      14 words

  • PROPERTY
    • 328 31  -  Rising interest for developments that deliver ‘live, work and play’ concept By UMA SHANKARI THERE is increasing demand for mixed-use developments across Asia, industry players said at a conference yesterday. Property groups from Singapore, Australia and India said that there is rising interest
      328 words
    • 1557 31 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 19/08/2011 999 980 1580 1612 Emerald Gdn Apt 19/08/2011 999
      1,557 words
    • 294 31 Each owner could receive up to $1.3m from en bloc deal CEYLON Flats, a threestorey walk-up residential development located at 22-28C Ceylon Road, has been put up for collective sale by tender. The 21-unit property sits on a regular-shaped site of about 23,168 square
      294 words
    • 194 31 GREENWICH V, the new lifestyle hub at Seletar, achieved full occupancy ahead of its estimated temporary occupation permit (TOP) at the end of November, Far East Organisation said yesterday. Among its 30 tenants are established anchors Cold Storage and Kopitiam, as well as
      FAR EAST ORGANISATION  -  194 words
    • 918 32  -  Investors are confident about the hotel market as strong visitor arrivals boost demand for rooms, says TOM OAKDEN The writer is executive vice-president of investment sales at Jones Lang LaSalle Hotels SINGAPORE is one of Asia’s most highly prized hotel markets for hotel operators and
      918 words
    • 1053 33  -  Interest rates are expected to remain low next year, given a possible further inflow of funds, says DENNIS NG The writer is an accountant by training. He founded mortgage consultancy www.HousingLoanSG.com in 2003 INTEREST rates on housing loans are at their lowest levels in
      1,053 words
  • Page 31 Advertisements
    • 32 31 Think property, think Savills. Selling or Leasing? The Singapore market is full of opportunity. So talk to Savills, the agent of change. Call 6836 6888 or visit residential.savills.com.sg savills AGENCY NO. L*****88B
      32 words

  • Page 32 Advertisements
    • 0 32 */<\,[`@/*}<;?}**,{}%/])?;~!<^&
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    • 73 32 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 Place Skyline* Brand new showflat open for private previews NOW 'Selected Apartments, Call Now: Cynthia Wong 9618
      73 words
    • 277 32 THE ADELPHI Offices For Sale I ,r—En New Choice Units Available From 495 sq ft to 25,000 sq ft 999-year land tenure Next to City Hall MRT Station Within the Central Business District and close proximity to Raffles Place Next to Supreme Court (High Court) Imminent happening of a vibrant
      277 words

  • Page 33 Advertisements
    • 138 33 FOR SALE White House Park GCB enquiries viewing appointments Dial 909-***** Chong CS (R*****2F) Site area: approx. *****sf, total floor area: approx. *****sf. Neighbouring Botanic Gardens, Dalvey n Nassim estates. Within White House Park Good Class Bungalow area. DTZ Debenham Tie Leung (SEA) Pte Ltd. Estate Agent Licence L*****01G Marina
      138 words
    • 135 33 Auction Sale District 10. Exclusive 2-storey freehold bungalow at Oei Tiong Ham Park. DTZ AUCTION Annalyn Ooi (R*****6G) 9724 3662 6393 2505 Sited on elevated ground Under Master Plan 2008, zoned “Residential” within the “Oei Tiong Ham Park” Good Class Bungalow Area Site Area: 13,841 sq ft approx. Floor Area:
      135 words
    • 113 33 MidlinkPlazaatBugis Potentialfor16-styCommorHotelDevt 22,875sfland/128,076sfGFA;99yrLHfr1980 •Existing9-styCommBldgwith93carparklots •60m prominent frontage onto Middle Rd •Near Bugis Junction/MRT interchange •Entertainment, Educational Cultural Hub •100% owners’ consent; 3 mths completion Tender Closing on 23 Sep 2011 (Fri), 2.30pm meinmein@credo.com.sg (CEA Regn No: R*****6B) angela.lim@credo.com.sg (CEA Regn No: R*****8E) karamjit@credo.com.sg (CEA Regn No: R*****5D) Agency Licence No:
      113 words

  • VISIONARIES
    • 1142 34 British architect Stephen Pimbley is convinced there is always another answer if one is prepared to make the effort to look for it IT is common for an architect to be asked about his design philosophy. But as far as British architect Stephen Pimbley is
      1,142 words
  • Page 34 Advertisements
    • 178 34 ORCHARD iSCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 Space is a true expression of luxury. At Orchard Scotts, you will experience space in abundance for this award-winning property is set in a sprawling, exquisitely landscaped two and a half hectare site. With a coveted address in the Orchard
      178 words

  • Property 2011
    • 229 1  -  Emilyn Yap SINGAPORE’S property market remains closely watched by investors seeking returns in today’s volatile world. Stock markets have been see-sawing, while interest rates on bank deposits remain low. In times like these, some investors take comfort in holding properties real assets which are also seen as a
      229 words
    • 46 1 Faster growth in suburban rents PAGE 2 Ultra luxury apartments here to stay PAGE 6 Exec condos in the spotlight PAGE 10 S’pore office market in reasonable health PAGE 16 Strata-titled units rising in popularity PAGE 20 Australia: A beacon for global investors PAGE 25
      46 words
    • 1670 2  -  CHUACHOR HOON and LEE LAY KENG highlight factors to look out for when investing in a private home CHUA CHOR HOOIM, LEE LAY KEIUG Ms Chua is head of South-east Asia research and Ms Lee is senior manager of research at DTZ IN tandem with
      1,670 words
    • 1284 4  -  ALAN CHEONG shares investment strategies for this property segment, which has seen larger price increases than non-landed homes ALAN CHEONG The writer is associate director of Savills Research Consultancy THE Singapore landed residential market will always be a hot topic of discussion for many, from
      FILE PHOTO; Source: Savills, URA  -  1,284 words
    • 1127 6  -  WENDY TANG and LE THI DAN THUY explain why developers are in no hurry to sell WEIUDY TANG, LE THI DAN THUY Ms Tang is executive director, head of residential services, and Ms Le is analyst, consultancy research, at Knight Frank PRICES of ultra
      FILE PHOTO  -  1,127 words
    • 1033 8  -  TAN HONG BOON and ONG TECK HUI advise owners to price their sites realistically from the start to ensure early success TAN HONG BOON, ONG TECK HUI Mr Tan is deputy managing director and Mr Ong is executive director of Credo Real Estate (Singapore) THE
      STOCK.XCHNG; Source: Credo Real Estate  -  1,033 words
    • 1279 10  -  GERALD LIMand HAN HUAN MEIassess the impact of recent policy changes on the executive condominium market GERALD LIM, HAN HUAIM MEI The writers are associate directors at CBRE Research IN the 10 months since executive condominiums (ECs) re-emerged in the market, several EC projects have been
      1,279 words
    • 1628 12  -  EUGENE LIM examines how new measures could affect prices EUGENE LIM The writer is key executive officer at ERA Realty Network Pte Ltd OVER the last nine quarters, resale prices for Housing Development Board (HDB) flats have increased by some 30 per cent,
      1,628 words
    • 1228 13  -  Despite global uncertainties, the overall outlook for the sector remains positive, say PETER SEE-TOH, MICHELLE LAM KA SHUN Mr See-Toh is managing director of retail services and Ms Lam is senior marketing executive of retail services at Knight Frank THE retail property sector has always
      FILE PHOTO  -  1,228 words
    • 1566 13  -  Prospects look bright for the development of Jurong Lake District and Paya Lebar Central By DONALD HAN The writer is vice-chairman of Cushman Wakefield Singapore TWENTY years ago, Jurong East was one of the three regional centres identified under Concept Plan 1991, as
      1,566 words
    • 1158 16  -  Rents are reflecting fair value and the market should be able to absorb upcoming supply, says MORAY ARMSTRONG The writer is executive director of office services at CB Richard Ellis IT is a tough office market to read at present. On the face of
      FILE PHOTO; Source: CBRE Research  -  1,158 words
    • 1322 17  -  ALAN CHEONGgives an overview of how far the market has come and the role it can play today ALAN CHEONG The writer is associate director of Savills Research Consultancy TRANSITION offices are commercial developments built on Government Land Sales (GLS) sites on 15-year leases.
      Source: Savills, URA; Source: Savills, SLA  -  1,322 words
    • 1120 18  -  Industrial rents and capital values could stabilise or post some upside in the first half of next year if global economic conditions do not worsen, say DOREEIM GOH, MICHELLE TEE Ms Goh is senior manager and Ms Tee is assistant manager, research and advisory,
      Source: Colliers International Singapore Research  -  1,120 words
    • 1737 20  -  TAN BOON LEONGexplains how high yields, improved designs and other factors have drawn investors to such industrial properties TAN BOON LEONG The writer is director of industrial services at Colliers International PROPERTY investors are channelling more of their funds into alternative asset classes, one of
      1,737 words
    • 1610 21  -  Looking at Singapore and Hong Kong, CHRIS ARCHIBOLD examines the factors which make office markets attractive to businesses CHRIS ARCHIBOLD The writer is head of markets at Jones Lang LaSalle TO analyse how Singapore’s office market can differentiate itself against those in other major cities
      Source: Jones Lang LaSalle  -  1,610 words
    • 1049 22  -  Home prices have risen 0.8% in the year ended June 2011, outperforming the UK average, reports NEIL BEHRMANN [LONDON] The London residential property market has become very dependent on foreign buyers following the August stock market slide. “September and October will be crucial,” said
      BLOOMBERG; Source: UK Land Registry; Source: Savills Research  -  1,049 words
    • 1113 24  -  Industry watchers highlight areas with potential, reports PAULINE NG [KUALA LUMPUR] Residential property markets in Malaysia’s key cities are expected to remain relatively buoyant, the current global stock market volatility notwithstanding. The residential sector’s performance for the first half has matched last year’s, albeit
      BLOOMBERG FILE PHOTO; Source: Bank Negara Malaysia  -  1,113 words
    • 819 25  -  With domestic competition for prime grade commercial property in Australia much reduced, it’s an environment tailor-made for investors to enter the market, says KEVIN STANLEY The writer is executive director, Global Research and Consulting, Asia Pacific, CB Richard Ellis NOW is a special time in
      BLOOMBERG  -  819 words
  • Page 1 Advertisements
    • 78 1 The property management field has a new player: SavillsCKH Pte Ltd. An industry leader specialising in asset, property and facilities management in all sectors. Managing close to 1 billion sqft in Asia Pacific and 30 million sqft in Singapore, this can only mean one thing: a 'win-win' solution for our
      78 words

  • Page 2 Advertisements
    • 253 2 Reflections at Keppel Bay HI n kS, "T iTL 'rT. t i.k esTL m 1 ;:b8*S IPIJSSI I r: DS e;®LZT dgg n—- ~rr rr ujfc E "BE Twin Peaks .ft f i'.?i! H Kit: fisHlS* iJS?* r r 4' KISS!)!!! ni aU Mm*> S 'is* iii iin ;y'.1!! Si!
      253 words

  • Page 3 Advertisements
    • 299 3 www.thewoods.sg Rii the w oods westwood avenue -V. m W'i. «bwk/i,W«"s wWBrr; -v? ABB ?„v"ftJt m$> S I Limited Collection Unlimited Lifestyle Within one of only three landed residential estates in Jurong. 93 three-storey strata-titled cluster houses. Luxury. Privacy. Condominium-style amenities. At the doorstep of Jurong's bold redevelopment. Largest decentralised
      299 words

  • Page 4 Advertisements
    • 113 4 1 k »>A i i Over 34,000 employees and 1,600 branches in over 30 cities including Hong Kong, Macau, Shenzhen, Shanghai, Beijing, Taipei and Singapore. As of July 2011 n L Shanghai Singapore Hong Kong *****117 China 9 I "22t±S I GmM m■ I ."ssfl b:: ■■^Shanghai jo I! i
      113 words

  • Page 5 Advertisements
    • 848 5 ADVERTISING FEATURE A Short Message from the Chairman I started my business from scratch some 30 years ago. Having lived through an era of progress and change, I would like to share some interesting stories highlighting the importance and value of real estate investment with you. Source: SPH The Business
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    • 953 23 Advertising Feature Eye on London from the x T '"aF..,' »r at One St George Wharf The choicest property in Central London Standing just a stone's throw from London's iconic Big Ben is Europe's tallest residential development, The Tower. Built on the banks of the city's famous River Thames, The
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