The Business Times, 15 December 2011

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Microfilm: NL31729
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, December 15,
    23 words
  • Article
    Lock icon Economists cut forecasts, cross fingers
    566 1  -  Private sector economists look at 3% growth next year, but this doesn’t factor in worst-case scenario By CONRAD TAN [SINGAPORE] Private-sec-tor economists expect Singapore’s economy to expand by just 3 per cent next year, down sharply from an earlier forecast of 4.9 per cent, according
    566 words
  • Article
    Lock icon China ‘guarantees’ growth, but analysts expect only minor tweaks to policy
    611 1  -  Focus will be on stability, Beijing won’t loosen credit controls just yet By VIRGINIE MANGIN in Beijing AGAINST the grim economic outlook elsewhere, China held out a bold guarantee yesterday. It pledged to “guarantee growth” in the coming year,
    611 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,672.39 (-13.35) HST INDEX FUTURES 2,667.00 (-13.00) HSIMSCI 304.08 (-1.42) HSIMSCI FUTURES 303.20 (-1.40) FOREX US$ S$ US$ (S$ per US$) 1.307 (US$/S$ per 1.548 2.024 EURO (US$/S$/E) 1.302 1.702 Foreign currency per US$ S$ YEN 77.80 59.70 RM 3.187 2.439 HK$ 7.781 5.953 BAHT 31.25
    141 words
  • Article
    Lock icon Tony Fernandes’ swipe at Singapore doesn’t fly
    574 1  -  COMMENTARY By VEN SREENIVASAN AUSTRALIAN airline Qantas should base its Asian operations in Malaysia rather than Singapore if it is serious about expanding in the region, according to Tony Fernandes. Speaking to the Australian Financial Review, the AirAsia founder said that a Qantas
    574 words
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      195 1 DEBT CRISIS Commerzbank on the verge of another bailout PAGE 16 FINANCIAL DEVELOPMENT INDEX HKtops global ranking; beats US, UK, S’pore PAGE 2 EDITORIAL A chance for planet Earth to be saved PAGE 20 LIZ TAYLOR jewellery auction fetches record US$116m PAGE 4 8 '*****1 *****4 WWik' WkW/iZ IWC Portuguese.
      195 words
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      10 1 BizIT Vodafone GE on running a global start-up PAGE 25
      10 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Fed says US economy expanding moderately
      699 2 Unemployment at 8.6% and risks to global growth may prompt more easing Bloomberg [WASHINGTON] Federal Reserve policy makers said that the US economy is maintaining its expansion even as the global economy slows, while refraining from taking new actions to lower borrowing costs. “The
      Bloomberg; BLOOMBERG  -  699 words
    • Article
      Lock icon IEA identifies key factors Opec should consider
      558 2  -  By RONNIE LIM [SINGAPORE] High oil prices are hurting an alreadystruggling global economy, and Opec ministers currently meeting in Vienna to decide on oil production levels will hopefully take this into account, the International Energy Agency’s (IEA) chief economist Fatih Birol said in
      558 words
    • Article
      Lock icon Hong Kong is world’s top financial centre
      644 2  -  It is first Asian city to be No 1, pipping the US, UK, S’pore in the process By EMILYN YAP [SINGAPORE] Hong Kong has claimed pole position in a ranking of the world’s financial systems this year, beating the United States, the United
      644 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      498 2 Economists cut forecasts, cross fingers PRIVATE-SECTOR economists expect Singapore’s economy to expand by just 3 per cent next year, down sharply from an earlier forecast of 4.9 per cent, according to the latest quarterly poll of analysts by the Monetary Authority of Singapore. FRONT PAGE China ‘guarantees’ growth,
      498 words
    • Article
      Lock icon Average condo size used in GLS calibration shrinks again
      733 4  -  Units in RCR and OCR fall 5 sq m to 85 sq m and 95 sq m respectively By KALPANA RASHIWALA [SINGAPORE] The average size of condos used to estimate housing supply in the Government Land Sales (GLS) Programme has shrunk
      733 words
    • Article, Illustration
      Lock icon Liz Taylor jewellery auction fetches record US$116m
      382 4 Reuters [NEW YORK] An auction of the late actress Elizabeth Taylor’s world-renowned jewels took in US$116 million, more than double the record for a single collection and setting new marks for pearls, colourless diamonds, and Indian jewels. Christie’s sale of 80 items from
      Reuters; PHOTOS: AP, REUTERS  -  382 words
    • Article
      Lock icon Olympus revises accounts, shows it remains solvent
      680 4  -  Stock exchange to keep company’s shares on watchlist By in ANTHONY ROWLEY in Tokyo EMBATTLED Japanese camera and medical equip-ment-making firm Olympus, which is at the centre of a scandal involving a cover-up of financial losses totalling US$1.7 billion, yesterday published revised accounts
      680 words
    • Article, Illustration
      Lock icon Japan to set up trilateral dialogue with US and China
      497 4  -  B y ANTHONY ROWLEY in Tokyo JAPAN’s Foreign Minister Koichiro Gemba last night set out a vision of a new diplomatic role for Japan in which it would establish trilateral dialogue among senior diplomats of Japan, China and the United
      497 words
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      96 2 r vc>r. lie' J ,»V' ■V t "k V/ f k« ,.,:u rr 'A r r it -4 ■C si-: J.."::"-': rr. 18'' ANY ACCOUNTANT CAN CLAIM TO UNDERSTAND YOUR BOOKS BUT DO THEY UNDERSTAND YOUR BUSINESS? ■> m V* s £>> 52 3-Sli OTS u S&P"! r V V.-Vifv
      96 words
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      224 words
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      17 words
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      13 4 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices www.joneslanglasalle.com.sg Company Reg No. *****4794D
      13 words
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      99 4 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro *****22 Teh Ban Hian 12,698 Corporation Limited SBS Transit Ltd *****12 -do- 1,200 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from
      99 words
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      203 5 www.vw.com.sg First 6 months' instalments free Buy an Eos this festive season and enjoy the 1st 6 months' instalments free (with minimum 7-year loan). ?r CJ Eos •olltswogen Centre Singa V7 R7 Free action upgrade. Free Volkswagen mountain bike worth $1,630. Free roof rack worth $600. Free side steps worth
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  • COMPANY NEWS
    • Article
      Lock icon Global IPO capital raised down 45% at US$155.8b
      482 6  -  H1 accounts for nearly three quarters of total; Asia makes up half IPO FOCUS By LYNETTE KHOO IT was a tale of two halves. The initial sparkle in the global IPO market faded mid-year amid growing investor concerns over sovereign debt issues
      482 words
    • Article
      Lock icon China set to be top listing destination: poll
      449 6  -  By JAMIE JAMIE LEE CHINA is well on its way to becoming the world’s top destination for capital-rais-ing activity by 2025. But a tinge of uncertainty about market discipline may take away some of its shine, a report by PricewaterhouseCoopers suggested. In
      449 words
    • Article
      Lock icon Smaller-sized, lower-valuation IPOs seen for HK next year
      763 6  -  By JEFF PAO HONG KONG will have more smaller-sized, lower-valuation initial public offerings (IPOs) next year instead of heavyweight listings amid uncertainties in the global stock markets, according to law firm Jones Day. “There are at least 100 companies that are in
      763 words
    • Article
      Lock icon Asia may shift theme to dividends
      1050 6 ANALYSIS [HONG KONG] INVESTING for income rather than growth in Asia is likely to pay dividends for investors nursing wounds after a rough 2011 and staring at an uncertain outlook next year. A focus on dividend payouts by Asian corporates, considered by many as
      1,050 words
    • Article
      Lock icon Adviser explains basis of assessing PST exit offer
      357 9  -  IFA to address queries at EGM following concerns raised by an investor By LYNETTE KHOO THE independent financial adviser (IFA) appointed by Pacific Shipping Trust (PST) had considered several factors before arriving at its opinion on the exit offer for PST. PST’s
      357 words
    • Article
      Lock icon CNMC Goldmine narrows third-quarter loss
      277 9  -  By LYNN KAN CNMC Goldmine Holdings, the recently listed company that has the backing of “IPO King” Peter Choo Chee Kong, narrowed its net loss to US$136,439 for the third quarter ended Sept 30. For the corresponding quarter last year, the net loss attributable to
      277 words
    • Article
      Lock icon Credit Suisse still bullish on Asian equities
      489 10  -  Add to stock holdings ahead of eventual global recovery, it advises By CONRAD TAN ASIAN equities are trading at attractively low valuations and investors should take advantage of the current uncertainty to add to their stock holdings ahead of the eventual recovery in
      489 words
    • Article
      Lock icon Thai floods widen Beyonics Q1 loss
      329 10  -  By CARINE LEE THE Thai floods have taken a heavy toll on Beyonics Technology’s bottom line, with the integrated manufacturing services group yesterday posting a net loss of $14.28 million for the first quarter ended Oct 31, 2011, up from a net loss of
      329 words
    • COMPANY BRIEFS
      • Article
        Lock icon HG Metal served two summons
        61 10 HG Metal Manufacturing said it had been served two writs of summons on Dec 9. LPM Projects Pte Ltd is seeking payment of $483,993.94 for consultancy services for the proposed erection of a single-user industrial development at Jurong Port Road. Law Project Management is seeking
        61 words
      • Article
        Lock icon Keong Hong’s IPO fully subscribed
        36 10 KEONG Hong Holdings Ltd said its initial public offering (IPO) of 27 million placement shares at 24 cents each was fully subscribed. Share trading is expected to start on Dec 16.
        36 words
      • Article
        Lock icon Oceanus reorganises board of China unit
        81 10 OCEANUS Group has re-composed the board of directors at its Chinese subsidiary Longze Aquaculture. Yu De Hua will step down as director, legal representative, and chairman while Oceanus group chairman Ng Cher Yew will be appointed the legal representative and chairman for three years.
        81 words
    • Article
      Lock icon Shin Corp sees stake sale by major shareholder
      305 10 Reuters [BANGKOK] Shin Corp major shareholder Cedar Holdings, an affiliate of Temasek Holdings, is likely to sell more of its Shin shares to help boost the number of tradable shares in the market. Cedar sold 8 per cent of Shin shares in
      Reuters  -  305 words
    • Article
      Lock icon Equation’s DiSa launches anti-theft system in Germany
      309 10  -  By SHERMAN TAN EQUATION Corp’s 67.3 per cent-owned subsidiary DiSa Digital Safety GmbH has launched the commercialisation of an anti-theft system in the German market. In an announcement yesterday, Singapore-listed Equation said that DiSa has signed separate agreements with two major German electronics
      309 words
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      692 6 >®I BSATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EZRA HOLDINGS LIMITED Co. Reg. No. *****1411N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ezra Holdings Limited (“the Company”)willbeheldatKlapsons,TheBoutiqueHotel–eighteen.1&2atLevel18,15Hoe Chiang Road, Tower Fifteen, Singapore *****6 on Saturday,
      692 words
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      869 6 ADVENTUS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1072R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at Kent Ridge Guild House 9 Kent Ridge Drive Singapore *****1 on 3 January 2012 at 9.30
      869 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI drifts lower in poor volume
      584 8  -  Absence of major market-moving news and holiday mood make for a quiet trading day STOCKS R SIVANITHY Senior Correspondent THERE was not much market-moving news out of either Europe or the US on Tuesday and this, in turn, made for a quiet session in
      Source: Bloomberg  -  584 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 2 0 0 0 3 6 2 Manufacturing 42 48 36 9 4 5 51 52 41 Commerce 16 19 12 2 2 3 18 21 15 Tpt/Stor/Comms 5 25 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,667 13,667 46,889 46,889 Manufacturing 111,263 4,440 115,703 91,232 122 91,354 Commerce 43,336 799 44,135 82,912 327 83,239 Tpt/Stor/Comms 77,772 18,207 95,979 128,043 1,971 130,015 Finance 18,656 10 18,666 176,593 1 176,594 Construction 51,245 2,141
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.195 -0.010 CapitaLand 2.320 -0.020 CapitaMall 1.640 -0.035 CityDev 9.000 +0.050 ComfortDelGro 1.400 -0.005 DBS Grp 11.810 -0.110 F&N 6.050 -0.050 GLP 1.685 -0.030 Genting SP 1.490 -0.005 Golden Agri 0.710 HK Land 4.750 +0.050 JMH 46.930 -0.580 JSH 28.570 -0.530
      110 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Dec 14 VALUE CLOSE BT OB/OS -217.00 -50.00 BT CADI -*****.00 -60.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 588.78 -2.30 FTSE ST Small Cap 399.79 -1.34 FTSE ST All Share 640.54 -3.03 FTSE ST China Top 187.96 -1.19 FTSE ST China 223.77 -0.12 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 8 VOLUME Golden Agri 56,606,000 PSL Hldgs 29,405,000 SingTel 22,709,000 Noble Grp 17,958,000 Sky One 15,750,000 Genting SP 15,724,000 HPH Trust US$ 13,486,000 ChasenHldg 12,043,000 NOL 11,726,000 LionGold 11,658,000 VALUE($) SingTel 71,704,092 DBS Grp 71,130,250 UOB 60,890,213 GLD 10US$ 49,546,831 Golden Agri 40,559,635 OCBC Bk 36,060,264 Wilmar 23,988,840
      60 words
    • BROKERS’ TAKE
      • Article
        Lock icon S-Reits
        467 8 DBS Vickers, Dec 14 LOOKING to 2012, we highlight three key themes that will guide our investment thesis for the S-Reits in FY12. S-Reits have posted resilient earnings year to date and are projected to continue delivering a distributable income CAGR of 4 per cent over FY11-13F, albeit a
        467 words
      • Article, Illustration
        Lock icon Indofood Agri Resources
        330 8  -  Compiled by Lynette Khoo Dec 14 close: $1.285 DMG Partners Securities, Dec 14 WE raise our FY12 earnings by 4.3 per cent, on the back of an increase in our crude palm oil (CPO) price assumption, which was partially mitigated by lower sugar production estimates for FY12.
        Source: Bloomberg  -  330 words
      • Article
        Lock icon Glossary:
        132 8 Glossary: Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third
        132 words
    • Article, Illustration
      Lock icon Asian units down as Fed offers no stimulus
      487 8 CURRENCIES Bloomberg [SEOUL] Asian currencies declined after the Federal Reserve offered no new measures to spur economic growth and as European leaders’ plans to stem their debt crisis failed to assure investors. India’s rupee led losses after the Federal Open Market Committee
      Bloomberg; AP  -  487 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP DBXT AUDCS 5AU$ ***** 57.5 0.2 DBXT S&P Short 10US$ 4266 28.8 0.5 UOB.ES.1112 1585 25.0 1.6 UOB 1583 14.0 0.9 UOI 330 10.0 3.1 F&N.ES.1112 604 9.0 1.5 OCBC Bk 4.5%NCPS 100 ***** 7.0 0.1 HK Land 475 6.5 1.1 Lyxor Russia 10US$ 365
      106 words
    • Article
      Lock icon FALLS
      115 8 BY CENTS CLOSE DOWN GLD 10US$ *****-295.3 -1.4 DBXT MSKorea 10US$ 5135-222.1 -3.2 DBXT MSEurope 10US$ 3896-156.8 -3.0 Jardine C&C 4784-146.0 -3.0 DBXT E50 10US$ 3286-122.8 -2.8 DBXT FTVietnam 10US$ 1900-104.5 -4.0 JMH 4693 -75.8 -1.2 DBXT Nifty 10US$ 9060 -73.2 -0.6 JSH 2857 -69.3 -1.8 STXPO 100 640
      115 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      274 9 TMF GROUP GLOBAL REACH LOCAL KNOWLEDGE MORE THAN 100 OFFICES IN OVER 75 JURISDICTIONS WORLDWIDE i ft ■<9 r jK "■> y ry' u TMF Group TMF Croup helps businesses expand seamlessly across borders, With dedicated legal administration, accounting and HR payroll staff in more than 100 offices in over
      274 words
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      137 10 BRITISH AIRWAYS The starfish. One of the many sleeping positions you can enjoy. Our Club World seats are specially designed to put you completely at ease. With a spacious, calming setting, and a perfectly flat bed with room to stretch, it's easy enough to feel right at home. To Fly.
      137 words
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      378 11 m BENG KUANG GROUP UMJ Beng Kuang Marine Limited has successfully completed and delivered the livestock carrier, "Barkly Pearl" from Nexus shipyard in Kabil, Batam, Indonesia c vs S It f iBS iSsiSi 'i sj a ~-i'- s i*| III lattHJBlOB BSB-.t. si«sfurr- I- I m -m s 3 lit
      378 words
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  • SINGAPORE NEWS
    • Article
      Lock icon GRTH Building up for tender sale with $82m tag
      384 12  -  East Coast property has potential for commercial or residential project By MINDY TAN GRTH Building the first collective sale launch since the latest round of cooling measures was launched for sale by tender yesterday, with an asking price of around $82
      384 words
    • Article, Illustration
      Lock icon Sing Hldgs buys another Robin Rd site
      384 12  -  The developer now owns 4 properties along Robin Road By MICHELLE TAN SING Holdings will be acquiring another freehold residential site along Robin Road at an en bloc price of $52 million. The property developer has since entered into a sale and purchase
      384 words
    • Article
      Lock icon Hearing of Morgan Stanley lawsuit adjourned to Jan 16
      496 12  -  By GRACE GRACE LEONG A LAWSUIT brought by Morgan Stanley in Singapore’s High Court is now in limbo after a US court ordered it to stop trying to thwart a suit by Singapore Pinnacle Notes investors in New York. A High
      496 words
    • Article, Illustration
      Lock icon Managers not spending enough time with teams
      639 12  -  Employees often misdirected as a result: consultant By LEE U-WEN MANAGERS are spending too much time in meetings and writing reports, leaving precious little of their day left to interact with their teams. As a result, employees are often misdirected as they often
      639 words
    • Article
      Lock icon Swiss Post opens Singapore office for regional reach
      385 12 It says move is part of a long-term strategy to grow selected markets SWISS Post Solutions (SPS) is opening an office in Singapore, supporting its continued expansion into the Asian market. SPS said that its customers particularly within the financial sector are
      385 words
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      39 12 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY MUM'S KITCHEN Six Indian women share recipes handed down to them by their mothers and grandmothers Priyanka Chopra's cousin sizzles i GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      39 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia worried over sugar supplies
      473 13 Its 2011 white sugar output is estimated at 2.35m tonnes Reuters [JAKARTA] Indonesia is concerned about domestic white sugar supplies between March and May next year when current stocks of 740,000 tonnes run out and the new crushing season has yet to start, a senior
      Reuters; XINHUA  -  473 words
    • Article
      Lock icon JCorp, CVC Capital make offer for QSR Brands and KFC Holdings
      558 13  -  B y PAULINE NG in Kuala Lumpur JOHOR Corporation (JCorp) and private equity firm CVC Capital Partners Asia III Ltd have made a conditional offer for QSR Brands and KFC Holdings in an attempt by the former to keep
      558 words
    • Article
      Lock icon Tenaga may source gas from open market
      462 13  -  Company, hit by gas shortage, talking to Shell, other suppliers: president By S JAYASANKARAN in Kuala Lumpur MALAYSIAN state utilities firm Tenaga Nasional Bhd (TNB) may have to source gas from the international markets next year to make up for a shortfall in
      462 words
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      202 13 1 1 YEAR FREE INSURANCE* 2 2 YEARS FREE ROAD TAX* 3 YEARS FREE SERVICING* FREE iPHONE 45* FREE CHEVY CASH CARD WITH $5,000 VALUE* 7 r Vl ,9J~ WWl QBLANnh mai mum en THE NEW ORLANDO IS A PREMIUM 1.8L 7-SEAT MPV that offers amazing flexibility with fold flat
      202 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon New China sovereign fund of US$300b on the way
      741 14 It will invest in real assets, given the dismal returns on US, Europe bonds Reuters [BEIJING] China’s central bank has announced plans to create a new sovereign wealth fund to manage US$300 billion in foreign reserves, in the clearest sign yet
      Reuters  -  741 words
    • Article, Illustration
      Lock icon Indian inflation remains high
      563 14 Reuters [NEW DELHI] India’s wholesale prices rose more than expected in November, leaving inflation stubbornly high and suggesting the central bank would hold rates steady at its review tomorrow even as worries grow over the health of the economy. The wholesale price index (WPI), the main
      Reuters; REUTERS  -  563 words
    • Article
      Lock icon PM Singh brokering bill against graft
      277 14 Bloomberg [NEW DELHI] Indian Prime Minister Manmohan Singh aimed to meet political leaders yesterday to broker an agreement on an anti-cor-ruption bill, with activists threatening to revive protests if lawmakers fail to enact the measure this month. Mr Singh called the gathering of ruling
      Bloomberg  -  277 words
    • Article, Illustration
      Lock icon Contest for HK’s top post turns into public spectacle
      722 14 AP [HONG KONG] Candidates to become the next leader of Chinese-ruled Hong Kong are engaged in an unusual bout of mudslinging over private affairs and business deals, turning what is usually a staid, scripted contest into a public spectacle not necessarily
      AP  -  722 words
    • Article
      Lock icon Chinese wines beat Bordeaux in blind tasting
      359 14 AFP [BEIJING] A remote region of northern China that began growing grapes for fine wine just a decade ago has beaten the centuries-old French wine-producing region of Bordeaux in a blind tasting held in Beijing. A group of wine experts five French and
      AFP  -  359 words
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      656 14 WATS NOTICES A message from Unidux, Inc. to all Shareholders of Unidux Electronics Limited OffEr cLOsEs ON 28 DEcEmbEr 2011 (or such later date(s) as may be announced from time to time by or on behalf of Unidux, Inc.) Our Offer Price is s$0.143 for each Offer share. We have
      656 words
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      424 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPEED SERVICE EQUIPMENT PTE LTD Company No. *****5388Z (In Creditors’ Voluntary Liquidation) At an Extraordinary General Meeting of the above named Company and the Meeting of the Creditors of the Company duly convened and heldat190MiddleRoad#16-01FortuneCentre,Singapore *****9
      424 words
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  • WORLD
    • Article, Illustration
      Lock icon ECB under renewed pressure to save euro
      618 15 Italy pays euro-era record yield to sell 5-year bonds amid downgrade fears Reuters [PARIS] Pressure mounted again yesterday for the European Central Bank (ECB) to intervene more decisively after financial markets judged that yet another European Union (EU) summit had failed to resolve
      Reuters; REUTERS  -  618 words
    • Article
      Lock icon Asia will be hit hard if eurozone crisis worsens
      577 15 Reuters [SYDNEY] An escalation in Europe’s debt crisis could hurt trade across Asia, drive up bank funding costs and depress confidence at home, a top Australian central banker warned yesterday. Reserve Bank of Australia (RBA) deputy governor Ric Battellino said he
      Reuters  -  577 words
    • Article
      Lock icon UK jobless rate surges to 17-year high in Q3
      460 15 Bloomberg [LONDON] UK unemployment rose to a 17-year high in the three months to October, deepening concerns Britain is heading for another recession as turmoil in the euro area damps the global economic outlook. Unemployment as measured by International Labor Organization
      Bloomberg  -  460 words
    • Article
      Lock icon FTSE tightens rules to shield minorities
      432 15 Reuters [LONDON] FTSE Group is tightening its entry rules to help protect minority investors and address concerns that companies with poor corporate governance are able to secure a spot in London’s prestigious FTSE 100 index by exploiting loopholes. Under the rules, which follow a
      Reuters  -  432 words
    • Article, Illustration
      Lock icon Protesters around the world make it to Time cover
      301 15 AFP [NEW YORK] Time magazine yesterday named the collective “protester” around the world as its person of the year, citing the change brought by street demonstrations from Arab countries to New York. The shared honour for protesters beat the traditional individual
      AFP; AP  -  301 words
    • Article
      Lock icon Greece slipping on promised reforms: IMF
      624 15 Investors fleeing, economy to shrink 6% this year, it says [WASHINGTON] Greece’s international rescue programme continues to slip as the nation’s leaders shirk promised changes, investors flee a beleaguered banking system and concern that Europe will fall into recession adds to the pressure, the
      624 words
    • Article, Illustration
      Lock icon Commerzbank on verge of another bailout
      445 16 Commerzbank has said it is determined to avoid taking more govt aid NYT [FRANKFURT] The cloud of dread hanging over European banks darkened after reports that Commerzbank could be on the verge of another government bailout. Like many of the region’s financial firms, Commerzbank
      NYT; REUTERS  -  445 words
    • Article
      Lock icon UK still very much at the heart of Europe: High Commissioner
      474 16  -  He writes to key S’pore ministers to clarify Cameron’s decision By MALMINDERJIT SINGH [SINGAPORE] The UK still sees itself very much at the heart of Europe in terms of its single-market policies, despite suggestions that it could be headed
      474 words
    • Article
      Lock icon New clearing houses in Asia may lack visitors
      473 16 Banks, brokers likely to use big players to gain netting benefits Reuters [SINGAPORE] Money being poured into central clearing houses for derivatives in Asia may be headed down the drain, with banks and brokers unwilling to sign up due to the costs
      Reuters  -  473 words
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  • AVIATION
    • Article, Illustration
      Lock icon Qantas should base Asian hub in KL: Fernandes
      355 17 He says airline would have lower costs if it chose the Malaysian capital AFP [SYDNEY] Australian airline Qantas should base its Asian operations in Malaysia rather than Singapore if it is serious about expanding in the region, AirAsia chief Tony Fernandes said
      AFP  -  355 words
    • Article, Illustration
      Lock icon Heathrow airport looks to bigger jets, glitzier shops
      1034 17 Bloomberg [LONDON] London’s Heathrow airport, hemmed in by urban sprawl and barred from adding a new runway, is turning to bigger jets and glitzier shops to keep growing in the face of a campaign to build a rival hub on the Thames
      Bloomberg; BLOOMBERG  -  1,034 words
    • Article, Illustration
      Lock icon New plane could revolutionise space travel
      772 17 The first test flight could take place in 2015 AFP [WASHINGTON] A giant airplane that can, in midflight, launch a rocket carrying cargo and humans into orbit is the future of space travel, billionaire philanthropist and Microsoft cofounder Paul Allen said on Tuesday. The
      AFP; AP  -  772 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      355 17 CRYPTIC CROSSWORD Across 1 A right angry tirade, out-and-out (6) 5 A roguish one about to become lawless (8) 9 Oxford college’s rustic porch is vandalised (6,7) 10 Disallow sin in botanical body (8) 11 Delicate period needing brief international intervention (6) 12 Woman at match admits ‘Good game!’ (6)
      355 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3048 18 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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  • SHIPPING
    • Article, Illustration
      Lock icon US west coast port operations back to normal
      370 19 Demonstrators had largely failed to cause large-scale interruptions Reuters AP [BALTIMORE] Police in Baltimore evicted anti-Wall Street protesters on Tuesday and operations returned to normal at west coast ports a day after a series of marches that disrupted operations at several terminals.
      Reuters; AP  -  370 words
    • Article
      Lock icon Strike at Western Australia port delays mineral exports
      316 19 Industrial action at Bunbury Port hits operations at Fremantle Ports Bloomberg [PERTH] Iluka Resources Ltd, the world’s biggest zircon producer, delayed an export shipment and may postpone two more because of strike action at Bunbury Port in Western Australia. The delayed shipment
      Bloomberg  -  316 words
    • Article
      Lock icon TUI to sell Hapag-Lloyd stake to majority owner
      378 19 Travel group exiting shipping business to focus on tourism Bloomberg [FRANKFURT] TUI AG, the German owner of Europe’s largest travel company, said its executive board resolved to sell most of its stake in the Hapag-Lloyd AG container-shipping business to majority owner Albert
      Bloomberg  -  378 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 19 SGX '000 Dec 14 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.20 unch 18 Cosco Corp 0.88 -0.02 1728 CWT Ltd 1.01 unch 509 Ezra Hldgs 0.85 -0.02 1177 First Ship Lea 0.29 -0.01 4834 Freight Links 0.06 unch 300 Grand Banks unch unch 0
      278 words
    • Article
      Lock icon United Maritime exploring sale: sources
      291 19 Reuters [BANGALORE] United Maritime Group, owned by Greenstreet Equity Partners and Jefferies’ private equity arm, is exploring a sale, two people familiar with the matter told Reuters. The company, which provides dry bulk marine transportation and terminal services in the United States, is being advised
      Reuters  -  291 words
  • Page 19 Advertisements
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      32 19 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
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      Lock icon Page 19 Advertisements Column 2
      34 19 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
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  • EDITORIAL & OPINION
    • Article
      Lock icon A chance for planet Earth to be saved
      511 20 EDITORIAL WHEN she brought the hammer down on the Durban climate talks in the early hours of Sunday morning after an arduous final session, Maite Nkoana-Mashabane, South Africa’s foreign minister who chaired the summit, declared that “we have saved planet Earth for
      511 words
    • Article, Illustration
      Lock icon Tackle climate change at the individual company level
      759 20  -  THE BOTTOM LINE MICHAEL TOTTEN The writer is senior adviser, Conservation International Singapore THE good news about the Durban climate negotiations is they didn’t break down; the bad news is that action was delayed for years. It calls to mind that immortal
      759 words
    • Article, Illustration
      Lock icon Giving a new shape to multilateral trade pacts
      968 20  -  A segmented approach towards such pacts under WTO may influence craze for regional deals ANTHONY ROWLEY Tokyo Correspondent THE wheel of fortune turns, and finally it comes around full circle. This is pretty much what is happening at present in the case
      BLOOMBERG  -  968 words
    • Article, Illustration
      Lock icon US focus on Asia wakes up Europe
      1032 21  -  EU will be able to make a credible bid to join a transpacific dialogue if it steps up engagement with Asian countries SHADA ISLAM Brussels Correspondent AMERICA’S recent focus on the Asia-Paci-fic appears to have acted as a muchneeded wake-up call for the
      AFP  -  1,032 words
    • Article, Illustration
      Lock icon It’s now time for the ECB to act
      835 21  -  By PHILIPPE LEGRAIN The writer is an independent economic adviser to the European Commission PANIC is beginning to overwhelm the eurozone. Italy and Spain are caught in the maelstrom. Belgium is slipping into the danger zone. As France is dragged down, the
      REUTERS  -  835 words
    • Article
      Lock icon China firms should go for win-win in overseas ventures
      746 21  -  By FRANK-JÜRGEN RICHTER The writer is founder and chairman ofHorasis, which hosts the annual Global China Business Meeting IN looking at China’s economy, one of the notable trends in recent years is that it is increasingly looking outside its national borders
      746 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7791 22 Transaction date: Dec 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 11.6 8Telecom 15.5 9.1 14.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 -0.3 100 4.6 4.5 4.3 4.8
      7,791 words
    • Article
      Lock icon SGX CATALIST
      1541 23 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 12.1 t 800 Super 12.5 +0.1 20 12.5 12.5 12.4 13 4.7 4.4 4.8 22.4 5.5 2.5 t AA Grp 3.3 2.6 3.2
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9938 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.89/ 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 0.6275/ Asian Local Ccy
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    • Article
      Lock icon GLOBALQUOTE
      249 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 35.5 40 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US27 unch 3400 27.5 27 27 27.5 1777.8 15 10 OGL Resources
      249 words
    • Article
      Lock icon SGX ETF
      922 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 116.2 -0.1 5 116.2 116 115.4 116.3 530.4 1261 856 CIMBAsean40 100US$ US945 -2 20 945 945 940 943 37.8
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 13 Index Change Change Change Change Change Change World Preliminary 821.0 0.2 -8.5 0.1 -7.2 -0.1 -8.7 EAFE Preliminary 676.0 -0.1 -15.6 -0.4 -14.4 -0.6 -15.8 Europe Preliminary 1002.4 0.4 -14.2
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Dec 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.88 1.12 WTI (Near Mth) 99.77 1.82 Dubai (1-Mth F) 104.79 0.60 Tapis blend 114.77 0.71 Minas 112.67 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.50 0.17 Jet Kerosene 122.60 -0.10 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Dec 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1118.50 1112.00 1127.00 1106.25 Mar 12 1129.00 1122.25 1137.25 1117.75 May 12 1139.75 1132.75 1147.75 1127.00 Jul 12 1150.00 1143.00 1158.00 1138.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 48.99
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 24 Dec 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 15.03.2012 0.35 1-Year BY*****W 01.11.2012 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.98 103.01 103.01 5-Year N*****0W 1.125 01.04.2016 102.16 102.32 102.28
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 24 Dec 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4350 0 3276 Mar12 99.3250 0 3230 Jun12 99.2900 0 1168 Sep12 99.2800 0 351 EUROYEN TIBOR FUTURES Dec11 99.6725 99.6725 99.6725 99.6725 0 4621 Mar12 99.6650 99.6650 99.6650 99.6650 87 2190 Jun12 99.6675 0 1440
      448 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      114 24 As on 13 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1676.80 1655.60 1663.30 106 CURRENCY AUD-USD FUT DEC2011 1.0155 1.0050 1.0072 3056 EUR-USD FUT DEC2011 1.3222 1.3068 1.3093 6445 USD-JPY FUT DEC2011 77.93 77.63 77.89 3500 BASE METAL
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    • Article
      Lock icon SGX FUTURES
      178 24 Dec 14 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 337.0 337.0 337.0 10 285 Feb 12 335.6 334.0 338.5 8 221 Mar 12 335.0 335.0 347.0 4 312 Apr 12 337.0 337.0 354.0 4 144
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    • Article
      Lock icon LONDON METALS
      69 24 Dec 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1996.00 2011.00 3 months 2001.50 2015.00 Copper, Grade A (US$/tonne) Cash 7576.75 7581.75 3 months 7600.00 7606.00 Lead (US$/tonne) Cash 2069.00 2088.25 3 months 2085.00 2105.50 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 24 Dec 13 COCOA (£/tonne) Close Prev High/Low Dec 11 1403 1362 1404/1360 Mar 12 1473 1419 1485/1418 May 12 1490 1434 1495/1432 Jul 12 1508 1451 1513/1449 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1900 1885 1908/1867 Mar 12 1939 1923 1947/1905 May 12 1970 1953 1977/1935 Jul 12
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Dec 14 Open High Sett STI Dec 2667 SIMSCI Dec 305.6 306.7 303.2 Taiwan Dec 246.8 248.4 246.9 Source: SGX Derivatives
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2050 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 132
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Dec 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.375 0.769 7.785 53.755 91.150 0.780 11.574 3.189 1.325 89.634 44.149 1.308 8.359 0.947 30.299 31.267 0.646 1.001 Canada 0.966 6.156
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    • Article
      Lock icon SIBOR
      82 24 Dec 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 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      140 24 Dec 14 GOLD (US$/oz) Dec 14 Dec 13 Hong Kong 1642.80 1664.30 Dec 13 Dec 12 London 1658.54 1664.64 1660.26 1665.67 Source: Thomson Reuters CAST BAR Dec 14 (S$) Selling Buying Kilobar 73,969.10 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 470 345 10gm 840
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    • Article
      Lock icon PALM OIL
      57 24 Dec 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3020.0 3030.0 3030.0 3020.0 30 842 Jan 12 2980.0 3048.0 3051.0 2980.0 1025 6494 Feb 12 2993.0 3052.0 3052.0 2980.0 ***** ***** Mar 12 2993.0 3053.0
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Dec 14 S$ Bid Offer 1-month 1.3068 1.3073 2-months 1.3068 1.3073 3-months 1.3066 1.3072 6-months 1.3055 1.3062 Source: OCBC
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Dec 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3072 1.3081 1.0004 1.0007 Canadian dollar 1.2623 1.2632 0.9660 0.9664 Euro 1.7011 1.7020 1.3018 1.3020 NZ dollar 0.9868 0.9877 0.7552 0.7556 Sterling pound 2.0230 2.0242 1.5482 1.5485
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 24 As at 9am Dec 14 Dec 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.273 Can dollar 1.287 1.238 Euro 1.734 1.668 Sterling pound 2.061 1.982 NZ dollar 1.016 0.968 US dollar 1.327 1.276 Local dollars to 100 units
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    • Article
      Lock icon INTERBANK RATES
      155 24 Dec 14 Bid $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.30 0.20 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.10 0.90
      155 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Running a global start-up
      1026 25  -  Vodafone GE is now in 31 countries with 700 staff, reports VICTORIA HO VODAFONE Global Enterprise (Vodafone GE) sits within its parent company, the world’s largest mobile telecoms firm, as a bit of a paradox. The division handles a pool of 560 customers a tiny fraction
      1,026 words
    • Article
      Lock icon Top buzzword in S’pore: track record
      254 25  -  LinkedIn survey finds professionals stressing this in describing themselves By PANG JIN HU PROFESSIONALS in Singapore seem to feel that having a great track record is the priority when it comes to introducing themselves to other professionals or a prospective employer. A recent survey
      254 words
    • Article
      Lock icon Intel in venture with INSIDE Secure to manufacture NFC chips
      624 25 AFP [SAN FRANCISCO] Intel and INSIDE Secure on Tuesday unveiled an alliance which will enable the US chip colossus to make processors that let mobile gadgets act as wallets, tickets, car finders, and more. An agreement between the firms gives
      AFP  -  624 words
    • Article
      Lock icon Dealised buys Hong Kong Groupon clone
      294 25  -  By PANG JIN HU GROUP-BUYING technology vendor Dealised has acquired Hong Kong-based group-buying network Lokaly. Dealised was started earlier in January as a spin-off of Yahoo’s acquisition of Australian groupbuying site Spreets. It won S$6.5 million in first-round funding from SingTel’s venture capital fund,
      294 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      199 25 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices AT-3 NOTICES SjtllNG i 5... GOING AME? FINAL CALL FOR BIDS AT THE NEW PAPER AUCTION CARNIVAL Still have your The New Paper dollars? Hold on to your TNP More attractive prizes are
      199 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Jakarta passes law to speed up land acquisition
      604 26 Delay in passing bill was holding up dispersal of loans to companies for infrastructure development, bankers say Reuters [JAKARTA] Indonesian members of parliament yesterday approved the final draft of a long-awaited land bill that investors hope will speed up land acquisition for
      Reuters; BLOOMBERG  -  604 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FORDISTRICTS 1 TO 18 WITH CONTRACT DATES BETWEEN NOV 16 AND NOV 22, 2011
      1582 26 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 17/11/2011 99 1066 2745 2575 One Shenton Apt 22/11/2011 99
      1,582 words
    • Article, Illustration
      Lock icon Vietnam’s property market stagnant
      993 27 With local developers struggling, foreign funds are jumping at the chance to snap up distressed deals Reuters [HONG KONG] Vietnam’s once-fren-zied property market has ground to a halt, leaving local developers limping and international investors salivating at the chance of snapping up distressed deals. With poorly
      Reuters; BLOOMBERG FILE PHOTO  -  993 words
    • Article
      Lock icon US existing home sales data to be revised down
      272 27 Reuters [WASHINGTON] Data on sales of previously owned US homes from 2007 through October this year will be revised down next week because of double counting, indicating a much weaker housing market than previously thought. The National Association of Realtors said
      Reuters  -  272 words
    • Article, Illustration
      Lock icon HK home prices need to slide to draw buyers back
      549 28 Stanchart says they have to fall by up to 10% to revive buying interest Bloomberg [HONG KONG] Hong Kong home prices, which have risen the most globally in the past year, may need to fall as much as 10 per
      Bloomberg; AFP  -  549 words
    • Article
      Lock icon London luxury home prices rise fastest in 14 months
      429 28 EU recession fears, foreign purchases push up Nov prices by average of 12.6% Bloomberg [LONDON] Luxury home prices in central London climbed the most in 14 months in November as the risk of a recession in Europe grew and overseas buyers
      Bloomberg  -  429 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      29 26 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 savills.com AGENCY NO. L*****88B
      29 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      102 27 LAST FREEHOLD COMMERCIAL SITE AT EAST COAST CENTRAL <?£> Jm t o 5 to o~ cr> o c xo° <&. 2$ 6® <v o- o> o®e» 'e^le* sa 66 Cast Coast fto act Freehold commercial site Land area: 22,155 sqft (approx.) Plot ratio: 3.0 Within East Coast retail and hotel
      102 words
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      Lock icon Page 27 Advertisements Column 2
      479 27 RESIDENCES RESIDENCE i, 1® Wilby Central *****888 Wilby Bukit Timah *****505 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information,
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      85 28 Investment Trade EUR/USD from 0.8 pips and no re-quotes. G fOff "Or Standard and mini contracts on the same tight spreads. Automatic rebates for high-volume traders. Singapore's No.1 for CFD Customer Satisfaction. Start trading FX today at igmarkets.com.sg or call 6390 5118 CFD trading can result in losses that exceed
      85 words
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      Lock icon Page 28 Advertisements Column 2
      137 28 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail Space Light
      137 words