The Business Times, 12 July 2012

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Total Pages: 42
1 42 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, July 12, 2012
    25 words
  • 851 1  -  Centennial Tower filling up void left by Citi; other big office deals brewing By KALPANA RASHIWALA [SINGAPORE] The huge space that banking giant Citi left behind when it vacated Centennial Tower for Asia Square late last year has almost been filled. Meanwhile,
    YEN MENG JIIN  -  851 words
  • MARKETS DIGEST
    • 110 1 GST INDEX 2,989.31 (+24.69) GST INDEX FUTURES 2,987 (+24) GSIMSCI 343.90 (+2.33) GSIMSCI FUTURES 343.80 (+2.20) us$ s$ US$ (S$ per US$) 1.266 (US$/S$ per 1.554 1.968 EURO (US$/S$/E) 1.227 1.554 Foreign currency per US$ S$ YEN 79.30 62.60 RM 3.181 2.512 HK$ 7.755 6.124 BAHT 31.73 25.06 RUPIAH
      110 words
    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.249 TAIWAN 5.036 JAPAN 1,475 Source; Bloomberg
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  • 487 1  -  Olympic rush will see traffic spike at airport during this period: official By VEN SREENIVASAN [SINGAPORE] London’s already busy Heathrow airport is bracing itself for its biggest-ever passenger volumes on Aug 13,14 and 15 as 80 per cent of all athletes, officials and
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  • Page 1 Advertisements
    • 63 1 HDB Tighter rules on PRs subletting flats PAGE 4 *****1 *****4 DUOMÈTRE À QUANTIÈME LUNAIRE. Jaeger-LeCoultre Calibre 381. TheDual-Wingconceptisagenuinehorologicalrevolution featuring twodistinctmechanismssynchronisedbyasingle regulatingorgan.Thepatentedjumpingstop-secondsfunction enables time-setting to the nearest 1/6th of a second. YOU DESERVE A REAL WATCH. JAEGER-LECOULTRE BOUTIQUES RAFFLES HOTEL ARCADE 328 North Bridge Rd #01-12 Tel: +65 6339 5911
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    • 22 1 SUSTAINABILITY AWARDS A special feature on ‘green’ businesses pages 19-27 Breaking ground for Marina One, a $7b Khazanah-Temasek project PROPERTY PAGE 40
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    • 9 1 COMPANIES RHB Bank to expand services here PAGE 6
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    • 12 1 EUROZONE Investors unimpressed by 30b euro bailout of Spain’s banks page 2
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  • TOP STORIES
    • 319 2 Vacated spaces fill up in perky market THE huge space that banking giant Citi left behind when it vacated Centennial Tower late last year has almost been filled. Meanwhile, other major office leasing deals are brewing as this segment has remained resilient despite dire predictions. FRONT PAGE Heathrow
      319 words
    • 666 2  -  European bourses indifferent, euro stays weak, miners march in protest By NEIL BEHRMANN in London SHELL-SHOCKED investors were neither impressed with the eurozone finance ministers’ emergency 30 billion euro (S$46.6 billion) bailout of Spain’s banks nor the Spanish government’s latest
      666 words
    • 478 2  -  By PAULINE NG By in Kuala Lumpur IHH Healthcare looks set to be fast-tracked as a component of Malaysia’s benchmark composite index post-listing, with its early inclusion expected to spur even greater demand for shares of the company. Its inclusion is also likely
      478 words
    • 512 4  -  New policy limits how long PR owners can sublet flats; analysts see muted market impact By KENNETH LIM [SINGAPORE] The Republic will cap the amount of time that permanent residents can sublet their Housing and Development Board flats, according
      512 words
    • 670 4  -  By EMILYN YAP [SINGAPORE] High spirits from last month’s European Union summit have sunk and are taking the euro down with them. The euro has reached its lowest level against the US dollar in more than two years after a brief climb two weeks
      Source: Bloomberg  -  670 words
    • 478 4  -  Talks still on to reach mutually beneficial outcome By NISHA RAMCHANDANI [SINGAPORE] After nearly a year of negotiations, the present offer tabled by Formula One Administration (FOA) isn’t enough to warrant a commitment to a full five-year extension, with talks for a
      478 words
    • 541 4 Reuters [LONDON] Detectives in London are investigating the death of the American wife of an heir to the Tetra Pak drinks carton fortune and have arrested a man reported to be her husband. Eva Rausing, 48, daughter of US businessman
      Reuters; AP  -  541 words
    • 591 4  -  By MALMINDERJIT SINGH in New Delhi SINGAPORE and India share close economic relations, owing largely to the bilateral economic pact they signed in 2005, but there is still substantial room for them to intensify economic and investment ties, Singapore
      591 words
  • Page 2 Advertisements
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    • 215 4 mm m w m a m n s p° a SINGAPORE CHINA (NINGBO) IMPORT AND EXPORT FAIR 26 28 July, 2012 10am 7pm Suntec Singapore International Convention Exhibition Center (401 Hall) NSExpo2012 Singapore China (Ningbo) Import and Export Fair is organised by Ningbo Foreign Trade Economic Cooperation Bureau, China. With
      215 words

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    • 144 5 BV LGA R I r'vJ I I m'''/' sr v(( m B R. s. CALI BRO 303 s h 8 > I si <o K k 7/ tiZ... s r u W1 N rrr r V V S) srs DIAGONO CALIBRO 303 y 1 INTEGRATED CHRONOGRAPH WITH COLUMN WHEEL MECHANISM.
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  • Page 6 Advertisements
    • 1436 6 ASIATIC GROUP (HOLDINGS) LIMITED Company Registra?on No. *****9290R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Mee?ng of ASIATIC GROUP (HOLDINGS) LIMITED (the “Company”) will be held at REPUBLIC OF SINGAPORE YACHT CLUB, 52 West Coast Ferry Road, Singapore
      1,436 words
  • COMPANY NEWS
    • 376 6  -  Time difference lets investors trade for longer hours By JAMIE LEE SINGAPORE Exchange (SGX) has teamed up with the London Stock Exchange (LSE) to offer cross-trading of several blue-chip securities listed on their respective markets. The two bourse operators yesterday signed
      376 words
    • 588 6  -  Bank will continue to target the retail, mid-cap business segments here By CONRAD TAN MALAYSIA’S RHB Bank will continue expanding the range of services it offers in Singapore as a key pillar of its strategy to establish a tightly knit banking network
      588 words
    • 1175 6  -  By STEVEN M DAVIDOFF The writer is a professor of law and finance at Ohio State University NYT Manchester united, the English soccer team with an adoring fan base in Europe and Asia, is filing to go public in the United States.
      NYT; REUTERS  -  1,175 words
    • 596 7  -  Controlling shareholder found to have borrowed money from HK finance firm By CAI HAOXIANG THE plot thickens at main-board-listed Next-Genera-tion Satellite Communications, a week after news of a major discrepancy in funds that it had deposited with a Hong Kong finance company. Next-Gen a company
      596 words
    • 356 7  -  PowerOn service also being offered in Australia By VICTORIA HO SINGTEL has launched its pay-per-use cloud computing service in Hong Kong. The PowerOn service was first launched here last year in March. The service is billed as a way for companies to expand the
      356 words
    • 317 7  -  By TEO SI JIA KEPPEL Offshore Marine’s Brazilian subsidiary has secured a US$200 million contract from a repeat customer. The contract is for the fabrication and integration of topside modules for the Floating Production Storage and Offloading (FPSO) vessel, Cidade de Mangaratiba MV24. The
      317 words
    • 280 7  -  By KENNETH LIM ASIA Pacific Breweries is taking its Mongolian business to the next steppe with a joint venture to make and sell vodka in the land of Genghis Khan. The brewer of Tiger Beer said it would invest 29.1 billion Mongolian tugrik (S$27.5 million)
      280 words
    • 232 9  -  Its shares gain 55% from IPO price in Catalist debut with 17m shares traded By TEO SI JIA SHARES of Neo Group whetted the appetite of the market yesterday as the home-grown food caterer made its Catalist trading debut. The shares traded between 45
      232 words
    • 431 9 Reuters [TORONTO] Sino-Forest Corp said on Tuesday that it terminated a proposed asset sale, in favour of a plan that will result in the company’s creditors acquiring all of its forestry assets. The Chinese forestry company’s shares plummeted in June 2011 after a short-seller accused
      Reuters  -  431 words
    • COMPANY BRIEFS
      • 65 9 VIZ Branz has clarified an earlier announcement, saying the “possible sale transaction” mentioned involves the possible sale of a substantial shareholder’s shares to a third party which may or may not lead to an offer being made for the shares of the company.
        65 words
      • 71 9 OIL PALM plantation company Bumitama Agri said a regional government in Indonesia has revoked a location permit for 4,810 hectares of land belonging to a subsidiary. The affected land represents 2.9 per cent of the company’s total cultivated area and 1.9 per cent of its
        71 words
      • 56 9 THE board of k1 Ventures has appointed KPMG Corporate Finance as the independent financial adviser to advise independent directors on a privatisation offer by GKB Holdings, an investment vehicle of k1’s majority shareholders. GKB has offered to pay 13.5 cents per share to own all of
        56 words
      • 75 9 VETERAN investor Koh Boon Hwee sold 43.5 million shares of GSH Corp on the open market as “Popiah King” Sam Goi Seng Hui became the majority shareholder of the trading company. Mr Koh’s stake fell to 4 per cent as a result of
        75 words
      • 55 9 ALUMINIUM extruder Midas said its aluminium alloy division, Jilin Midas Aluminium Industries Co, has secured 139.3 million yuan of new orders from Chinese and international customers. Delivery on the contracts is expected to take place from 2012 to 2014, and will positively contribute to
        55 words
      • 47 9 POH Tiong Choon Logistics has acquired the remaining 49 per cent stake in PTC Marine Private comprising 980,000 issued ordinary shares for $163,650. The total consideration was arrived at after taking into account the revalued asset value of PTC Marine
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    • 287 9  -  By JASMINE NG IN A pilot project to extend its “Gardenia” bakery operations into China, QAF Limited has set up a new subsidiary in Fujian, China. The new unit Gardenia Food (Fujian) Co is wholly owned by Gaoyuan, a dormant subsidiary of QAF. Gardenia
      287 words

  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 603 8  - Penny stocks to the fore again Market value averages 46 cents per unit; GSH Corp, TT Int’l and Ntegrator top volumes STOCKS R SIVANITHY Senior Correspondent SPECULATIVE activity in penny stocks looks to be picking up again after about two months in the doldrums. In yesterday’s case this was apparent
      Source: Bloomberg  -  603 words
    • 66 8 Jul 11 VALUE CLOSE BT OB/OS 602.00 -40.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 +61.00 FTSE ST Mid Cap 696.32 +2.22 FTSE ST Small Cap 461.20 +2.33 FTSE ST All Share 724.39 +5.26 FTSE ST China Top 206.91 +0.51 FTSE ST China 228.69 +1.47 FTSE
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    • 57 8 VOLUME GSH Corp 274,758,000 TT Intl 220,098,000 Ntegrator 83,691,000 HLH Grp 63,489,000 Informatics 62,762,000 Plastoform 58,830,000 Equation R 57,789,000 Yoma 49,602,000 Golden Agri 46,950,000 Midas 46,053,000 VALUE($) SingTel 110,276,500 UOB 65,225,000 Keppel Corp 49,044,280 DBS Grp 48,884,600 Wilmar 39,737,236 Genting SP 37,177,390 OCBC Bk 34,635,750 Golden Agri
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 3 0 0 0 8 6 3 Manufacturing 53 43 44 8 8 8 61 51 52 Commerce 20 18 26 8 1 2 28 19 28 Tpt/Stor/Comms 21 7 10
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,671 19,671 75,256 75,256 Manufacturing 432,608 95,503 528,111 203,687 1,468 205,155 Commerce 630,054 8,287 638,341 141,905 679 142,584 Tpt/Stor/Comms 116,372 7,267 123,639 209,368 2,056 211,424 Finance 27,985 4,544 32,529 164,256 1,932 166,188 Construction 160,297 1,200
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    • 1047 8  -  Compiled by JAMIE LEE ComfortDelGro Corp July 11 close: S$1.63 DMG Partners Securities, July 11 SBS Transit has announced that it will be adding 1,000 new buses from January 2013 to 2015 at a cost of S$433 million. This announcement does not come as a surprise as the
      1,047 words
    • 110 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.640 +0.020 CapitaLand 2.930 CapitaMall 1.955 +0.005 CityDev 11.380 +0.150 ComfortDelGro 1.630 +0.035 DBS Grp 14.200 +0.100 F&N 7.450 GLP 2.170 -0.010 Genting SP 1.385 -0.005 Golden Agri 0.720 +0.005 HK Land 5.910 +0.070 JMH 53.150 +1.390
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    • 455 8 CURRENCIES Reuters [NEW YORK] The US dollar fell yesterday ahead of the release of minutes from the US Federal Reserve’s June meeting, with investors cautious over the possibility that there may be hints of another round of asset buying in the coming months
      Reuters; BLOOMBERG  -  455 words
    • 113 8 BY CENTS CLOSE UP DBXT Nifty 10US$ 9835 319.1 2.6 JMH 5315 176.0 2.7 DBXT iBoxxSing 5SG$ ***** 108.0 0.8 IS DJ US Tech 7003 84.8 1.0 JSH 3194 81.0 2.0 DBXT MSTHAI 10US$ 1815 57.0 2.5 UOB.ES.1207 1948 39.0 2.0 DBXT S&P Short 10US$ 3800 30.4 0.6 Hyflux
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    • 134 8 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4070 -124.1 -2.4 GLD 10US$ ***** -122.8 -0.6 Lyxor Europe 10 US$ 1066 -78.5 -5.5 DBXT MSJAP 10US$ 3538 -57.0 -1.3 Asia Pac Brew 3421 -48.0 -1.4 DBXT FTChina25 10US$ 2460 -44.3 -1.4 Lyxor US DJIA 10 US$ 1276 -41.8 -2.5 DBXT
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 701 9 s Foreign Investment Law SInvestment For Land S Legal Aspects S Investment Update •S Foreign Exchange Opportunities Urban Redevelopment Telecommunication Shipyard/Ship Building Hotel Tourism Oil Gas Port Development Trade policy Property Developments: Investment 6 th Myanmar Business Conference 2012 Hear From Officials 16 17 JULY 2012, Orchard Hotel, Singapore Conference
      701 words

  • SINGAPORE NEWS
    • 491 10  -  LNG terminal, more new generating capacity coming online next year By RONNIE LIM THE start-up of the Singapore LNG terminal in Q2 next year plus additional power from new plants coming online through 2013 should help lower wholesale electricity prices here, says
      491 words
    • 523 10 Bloomberg [SINGAPORE] WPP Plc’s Ogilvy Mather Singapore and its former chairman Stephen Mangham have sued each other after Mr Mangham left and set up a rival communications agency, taking CIMB Group Holdings Bhd as a client. Mr Mangham oversaw clients including the
      Bloomberg  -  523 words
    • 388 10  -  By KENNETH FOO SINGAPOREANS trail the rest of Asia when it comes to risk appetite and the willingness to invest, a Nielsen study has found. According to the latest Nielsen’s Global Consumer Confidence Survey, only 37 per cent of local consumers are
      388 words
    • 381 10 [KUALA LUMPUR] Singapore investment company Temasek Holdings is believed to be eyeing a stake in Central Malaysian Properties Sdn Bhd (CMP), the project developer of Lido Boulevard in Johor. Lido Boulevard is a RM4 billion (S$1.5 billion) integrated residential and commercial
      381 words
    • 451 10  -  Latest update: main cracker to be ready only by year-end By RONNIE LIM THE main cracker of ExxonMobil’s US$5-6 billion second petrochemical complex on Jurong Island is now expected to be ready only by this year-end, Shaw Group, the US engineering company building the upstream
      451 words
    • 464 10  -  By GLENN CHOO THE CEO of Singapore’s Cathay Organisation Holdings, Suhaimi Rafdi, was yesterday presented the Berita Harian Achiever of the Year Award 2012 by Acting Minister for Community Development, Youth and Sports, Chan Chun Sing. Mr Suhaimi was chosen by
      DESMOND WEE/THE STRAITS TIMES  -  464 words
    • 376 10  -  By AMIT ROY CHOUDHURY SINGAPORE’S second Cyber Security Awareness Day yesterday received more than 630,000 pledges from individuals and organisations with each pledging to secure their computers, mobile devices, wireless equipment and online identity. Held annually, the Awareness Day objectives are to
      376 words

  • ECONOMY WATCH
    • 322 11 Reuters [SYDNEY] A measure of Australian consumer confidence jumped in July as households became more optimistic about the economic outlook and their finances following recent interest rate cuts, a survey showed yesterday. The poll of 1,200 people by Westpac Bank and the Melbourne
      Reuters  -  322 words
    • 638 11 Bank’s index slips to 53.0 in Q2 from 53.6 in Q1, well below pre-crisis averages Reuters [LONDON] Economic growth across emerging markets eased in the second quarter of 2012, dragged down by lacklustre manufacturing sector activity, especially in China and Brazil, a survey showed
      Reuters; AP  -  638 words
    • 483 11 Reuters [SEOUL] South Korea’s unemployment rate remained low in June but a loss of high-paying manufacturing jobs suggests weak consumer spending could weigh on Asia’s fourth-larg-est economy and pressure the government for fiscal steps to help create jobs. Analysts said the latest figures were unlikely
      Reuters  -  483 words
    • 673 11 Young people and the low-skilled seen most affected Reuters [LONDON] Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in
      Reuters  -  673 words
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  • MALAYSIA/INDONESIA
    • 544 12 Leading indicators in the region continue to show weakness in economic activity [PETALING JAYA] All signs still point to a rather rough road ahead for the Malaysian economy as leading indicators in the region continue to show weakness in economic activity with economists expecting
      BLOOMBERG  -  544 words
    • 391 12 Reuters [JAKARTA] A US$350 million government programme aimed at reviving Indonesia’s cocoa industry has suffered a serious setback after most newly planted trees died, a survey showed, with many farmers now switching to oil palms instead. Indonesia is the world’s third largest cocoa
      Reuters  -  391 words
    • 382 12 Reuters [KUALA LUMPUR] Malaysia’s colonial-era Sedition Act, which has been used over the years to crack down on dissent, is to be scrapped by a government facing growing public demand for political and social freedoms before an election due by early next year. Prime Minister
      Reuters  -  382 words
    • 343 12 Reuters [SYDNEY] Insurance Australia Group plans acquisitions worth around A$100 million (S$129 million) in Indonesia, one of its target markets, to double gross written premium contribution from Asia to 10 per cent by 2016, its Asia head said. IAG, Australia’s top car and
      Reuters  -  343 words
  • Page 12 Advertisements
    • 2510 12 WATS NOTICES Gl@BAL Yellow Pages Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Company Registation No. *****4719G NOTICE IS HEREBY GIVEN THAT THE 9 th ANNUAL GENERAL MEETING of the Company will be held at HDB Hub Auditorium, 480 Lorong 6Toa Payoh, Basement 1, Singapore *****0
      2,510 words

  • GREATER CHINA
    • 713 13 Markets expect a boost in government spending to counter the slowdown Bloomberg [BEIJING] China stocks rallied yesterday on remarks by Premier Wen Jiabao that stabilising growth is the most pressing matter facing the nation, signalling that officials may boost spending to counter a
      Bloomberg; REUTERS  -  713 words
    • 460 13  -  By FREDERICK YEUNG EJ Insight [HONG KONG] The People’s Bank of China has set limits on the use of renminbi foreign direct investments in the country, prohibiting in particular the investment of such funds in stocks and property assets, in an effort to
      EJ Insight  -  460 words
  • Page 13 Advertisements
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      271 words

  • WORLD
    • 560 14 US recession cut top 1 income as tax rate rose Income shifts partly affected by changes in capital gains received, says CBO Bloomberg [WASHINGTON] Before-tax income for the top one per cent of US households fell 36.3 per cent from 2007 to 2009 while their federal tax rate increased to
      Bloomberg  -  560 words
    • 643 14 Weaker growth suggests an industry slowdown Bloomberg [PARIS] Burberry Group plc has reported slower first-quarter sales growth that trails analysts’ estimates as revenue from its licensing business fell, signalling a slowdown for the luxury goods industry. Sales increased 11 per cent to £408
      Bloomberg; AP  -  643 words
    • 870 15 Financial Services Minister says his agency could be doing more Bloomberg [TOKYO] Japan’s crackdown on insider trading barely scratches the surface of a practice that allows traders to profit and brokerages to boost their underwriting business at the expense of
      Bloomberg; REUTERS  -  870 words
    • 276 15 Bloomberg [TOKYO] A Lamborghini SpA Gallardo sportscar owner in Japan was arrested after posting on YouTube a video of himself driving the supercar at more than twice the legal speed. The 38-year-old executive of a Hiroshima-based company was arrested on Monday
      Bloomberg  -  276 words
    • 338 15 Bloomberg [HONGKONG] HSBC Holdings Plc will apologise at a July 17 US Senate hearing for anti-money laundering controls that weren’t effective enough, according to an internal memo obtained by Bloomberg News. “We failed to spot and deal with unacceptable behaviour,”
      Bloomberg  -  338 words
    • 1011 16 State and local govt agencies say they lost money due to Libor manipulation LIBOR SCANDAL NYT [NEW YORK] As unemployment climbed and tax revenues fell, the city of Baltimore laid off employees and cut services in the midst of the financial crisis.
      NYT; BLOOMBERG  -  1,011 words
    • 673 16 NYT [LONDON] The London Interbank Offered Rate, more commonly known as Libor, is one of the most important numbers in the financial world. But until the Barclays scandal, it received scant public attention. Here is a primer. Q. What is Libor? A. Libor is the average interest rate
      NYT  -  673 words
    • 788 16 Reuters [WASHINGTON] A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington’s ire on both sides of the political aisle. One leading Republican in
      Reuters  -  788 words
    • 744 17 Firms giving report on investments a likely requirement AP [WASHINGTON] The United States is poised to allow US companies to invest with Myanmar’s state oil and gas enterprise as the Obama administration takes its biggest step yet to roll back sanctions, marking a rare
      AP; PHOTO: AP  -  744 words
    • 852 17 Profit warnings from smaller peers may signal broader pullback in IT orders Reuters [NEW YORK] Hopes are evaporating that leading technology companies will offer a safe harbour this year from the economic storms swirling across Europe, Asia and the United States. Investors should prepare
      Reuters; REUTERS  -  852 words
    • 311 18 Firm’s market share, with owner VW, may give it unfair edge Reuters [BRUSSELS] European competition regulators will examine whether 43.7 million euros (S$67.7 million) of aid from German authorities gave sports-car maker Porsche an unfair advantage, in breach of EU rules. The European
      Reuters; REUTERS  -  311 words
    • 493 18 Bloomberg Reuters [BRUSSELLS] European banks increased their capital reserves by 94.4 billion euros (S$146.3 billion) by a June deadline, the European Banking Authority (EBA) said, as it seeks to boost confidence in the region’s financial system. Banks raised about 72 billion euros by
      Bloomberg; Reuters  -  493 words
    • 660 18 AFP [MAPUTO, Mozambique] Thousands of Portuguese have fled their country’s economic hardships all the way to Mozambique, a former colony at the southern end of Africa, where a booming economy promises jobs and a better future. “It is summer ten months out of twelve here,”
      AFP; REUTERS  -  660 words
    • 597 18 Rise in exports and cheaper oil from abroad helped shrink the trade gap Reuters [WASHINGTON] The US trade deficit narrowed slightly in May as a rise in exports, including those bound for Europe and China, eased the pain of a slowdown in the broader
      Reuters  -  597 words
    • 439 18 Bloomberg [LONDON] European policy makers risk putting 4.5 million more people out of work unless they recalibrate their crisis-fighting programmes towards promoting employment, the International Labour Organisation (ILO) said. “Mounting evidence points to the fact that a prolonged labour market recession may
      Bloomberg  -  439 words
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    • 1393 14 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices s STRATECH SYSTEMS LIMITED (Incorporated in Singapore) (Co. Reg. No: *****8251Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STRATECH SYSTEMS LIMITED (the “Company”) will be held at the Boardroom, Stratech Systems Limited, 31 International
      1,393 words
    • 1503 14 TUNG LOK RESTAURANTS (2000) LTD Company Registration No. *****5703N H&TUNGLOK (Incorporated in Singapore) NOTICE OF 12TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the 12th Annual General Meeting of TUNG LOK RESTAURANTS (2000) LTD will be held at Orchard Parade Hotel, 1 Tanglin Road, Level 2, Antica Ballroom, Singapore
      1,503 words

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    • 2258 15 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KLW HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number:*****4141D) NOTICE OF EXPIRY OF WARRANTS TO ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN KLW HOLDINGS LIIMITED (the “Company”) THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
      2,258 words

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    • 1792 17 WATS NOTICES addvalue driving connectivity Addvalue Technologies Ltd (Incorporated in the Republic of Singapore) Registration No. *****3037H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the Company will be held at 28 Tai Seng Street #06-02, Singapore *****6, on Friday, 27 July
      1,792 words
    • 11 17 0.!# 4$265(($9 HO »THECO£ system ®“WABIE PC2i 20,2/ (580 0.! porschfqq
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  • Page 18 Advertisements
    • 768 18 WATS NOTICES i IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Cadbury Singapore Pte Ltd (In Members’ Voluntary Liquidation) Reg No. *****1252C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 Harbourfront Avenue #05-01 Keppel
      768 words

  • SPECIAL PRODUCED BY THE SPECIAL PROJECTS UNIT MARKETING DIVISION SPH Singapore Sustainability Awards 2012
    • 833 19  -  Sustainable practices give businesses a competitive advantage By Douglas Chew SEVENTEEN companies were recognised at this year’s Singapore Sustainability Awards (SSA), with Sembcorp Marine, Qian Hu Corporation, Housing and Development Board, TP Vision Singapore and Cyclect Energy taking top honours. First launched in 2009 by
      PHOTOS: SBF  -  833 words
    • 510 20  -  Sembcorp Marine’s new environmentally friendly yard takes its green mission to a higher level By Jamie Ee AT TUAS View Extension, the western most tip of Singapore, a massive integrated yard featuring optimised docking and berthing facilities and high energy-efficient features is taking shape. Built by
      Photos: Sembcorp Marine  -  510 words
    • 507 20 As an innovator of green solutions, ST Kinetics walks the talk Jamie Ee IT SEEMS fitting that a company behind a series of successful fuelefficient land systems and speciality vehicles would embrace green practices in its own backyard. At its premises in Jalan Boon Lay,
      Jamie Ee; Photos:ST Kinetics  -  507 words
    • 463 21  -  Coca-Cola Singapore refreshes with its environment-friendly practices By Hazel Tan THE world’s largest beverage company, Coca-Cola, sees its sustainability efforts as a business imperative and the right thing to do. It is a continuation of responsible corporate citizenship that began in its earliest days as a
      Photos: Coca-Cola Singapore  -  463 words
    • 471 21  -  Shell Eastern Petroleum implements many sustainable business practices to reduce its impact on the environment Hazel Tan SHELL was one of the first global companies to publish its beliefs on sustainable development in its General Business Principles in 1976. “As part of these principles, we commit
      Photos: Shell  -  471 words
    • 524 22  -  Keppel DHCS provides companies with energy-efficient solutions By Hazel Tan ESTABLISHED in 1998, Keppel DHCS is Singapore’s first and largest district cooling systems developer and service provider. Its primary business is the development and operation of district heating and cooling systems. Its chief executive officer, Mr
      Photo: Keppel DHCS  -  524 words
    • 486 22  -  Asia Pacific Breweries Singapore focuses on minimising the impact its business has on the environment Hazel Tan IT IS in the DNA of Asia Pacific Breweries Singapore (APBS) to behave responsibly towards the community and environment in all its business practices, says Mr Michael Chin (right),
      Photos: Asia Pacific Breweries Singapore  -  486 words
    • 446 23  -  As a chemical distributor, Aik Moh takes pride in its sustainable initiatives that preserve the environment By Cheryl Tay GIVEN the nature of its business, leading chemical distributor and services group Aik Moh Paints Chemicals makes an additional effort to implement sustainability in every step it takes.
      Photo: Aik Moh  -  446 words
    • 487 23  -  Practising a sustainable business strategy is second nature to Qian Hu Cheryl Tay INTEGRATED ornamental fish service provider Qian Hu Corporation believes in creating a sustainable business strategy compatible with profitability. That’s why it looks beyond just the financial numbers and aligns economic interests with environmental and
      Photo: Qian Hu  -  487 words
    • 543 25  -  HDB incorporates many green initiatives in its housing projects By Vishwesh Iyer OVER the years, environmental, social and economic considerations have been the key factors driving the Housing Development Board (HDB) in its sustainable development efforts across its towns and estates. HDB towns are planned to include all
      PHOTOS: HDB  -  543 words
    • 486 25  -  TP Vision’s stakeholders support its sustainability efforts By Douglas Chew TP Vision sees sustainable development as an obligation for all responsible and forward thinking companies. With employees, partners and consumers paying increasing attention to green issues such as health and safety culture, energy efficiency, recycling and
      PHOTO: TP VISION  -  486 words
    • 418 27  -  Cyclect puts the heat on industrial users to recycle waste heat as a resource By Douglas Chew AS A provider of energy solutions, Cyclect Energy has a string of green technologies under its belt to optimise energy use and recover waste heat. This includes
      Photos: Cyclect  -  418 words
    • 482 27  -  Treetops Executive Residences cuts down on its energy spending by implementing a series of green retrofits Douglas Chew THE guests at Treetops Executive Residences have applauded Treetops’ efforts to go green. Says Mr Tay Hock Soon (right), Treetops’ general manager: “Our ‘go green’ initiatives such as
      Photos: Treetop Execu ive Re idences  -  482 words
  • Page 19 Advertisements
    • 300 19 Sustainability Excellence The Singapore Sustainability Awards (SSA) is an initiative of the Singapore Business Federation and comprises the Sustainable Business Awards and the Green Technology Awards. Inaugurated in 2009, the SSA recognises Singapore organisations for their outstanding sustainable business practices and innovative green technology solutions. This will in turn strengthen
      300 words

  • Page 20 Advertisements
    • 181 20 LET’S FIND CLEANER SOURCES OF ENERGY TODAY, TO HELP PROTECT HER TOMORROW. The world’s population has reached 7 billion and is forecast to reach around 9 billion by 2050. As the world’s population grows its need for water, food and energy will increase. Meeting this challengewill be difficult and will
      181 words

  • Page 21 Advertisements

  • Page 22 Advertisements
    • 433 22 W sembcorp marine Winner of Top Honour Award Sustainable Business Award 2012 (Enterprise Category) Towards Sustainable Growth iC Our sustainable growth strategy is characterised by our relentless pursuit of quality, innovation, safety and business excellence, supported by a strong corporate governance transparency framework and guided by our eight core values.
      433 words

  • Page 23 Advertisements
    • 128 23 Up-front calorie labeling. Easy any way you look at it. In 2009, Coca-Cola was the first beverage company to make a global commitment to add calorie information to the front of nearly all its packages. In Singapore, nearly all our beverages have calorie information because the easier it is to
      128 words

  • Page 24 Advertisements
    • 411 24 Delivering Greener Solutions Keppel DHCS is proud to attain an ‘Achievement of Excellence’ at the Sustainable Business Awards As the first and largest district cooling systems developer and service provider in Singapore, we aim to create lasting benefits for our stakeholders by delivering district heating and cooling solutions that conserve
      411 words

  • Page 25 Advertisements
    • 87 25 m i a At Asia Pacific Breweries, 87% of our bottles are given a new lease of life. That’s right, 87% of our bottles are returned to be re-used or recycled, and over the past 3 years, we have even stepped up efforts to reduce the amount of energy, electricity
      87 words

  • Page 26 Advertisements
    • 373 26 Delivering Smart Engineering for 45 Vears and Beyond Uliiiiu -jf .-2 High level of protection to safeguard troops against mines Improvised Explosive Devices Patented blast diffuser system that protects soldiers' hearing Innovative design to clear beaches of tar balls from oil spills e e [uStST Environmentally friendly hybrid-electric drive with
      373 words

  • Page 27 Advertisements
    • 136 27 A scenic waterway runs through the heart of Punggol creating a better living environment and fulfilling dreams for beautiful homes by the waterfront. r a P niu HDB's My Waterway©PunggoL stands out also for its many green, sustainable features. These have greatly enhanced efforts to make Punggol a landmark eco-town.
      136 words

  • Page 28 Advertisements
    • 4020 28 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Company Registration No. *****5392H (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tat Hong Holdings Ltd (“the Company”) will be held at 18 Sungei Kadut Avenue Singapore *****9 on
      4,020 words

  • Page 29 Advertisements

  • AVIATION/SHIPPING
    • 603 30  -  Industry changes set to spark productivity war, which may be friendly: Accenture By LYNN KAN [SINGAPORE] Mega container ports such as those in Singapore, Shanghai and Malaysia may soon have to adopt a more customer-cen-tric demeanour if they want to sustain
      AFP  -  603 words
    • 585 30 Bloomberg [NEW YORK] Minor changes to Transportation Security Administration management practices could change its poor image and improve travellers’ airport experience, former agency officials told a US House panel. Giving local TSA airport managers more authority to intervene when children or elderly
      Bloomberg; AP  -  585 words
    • 259 30 SGX '000 Jul 11 S$ +/-Vol CH Offshore 0.42 0.01 138 Chuan Hup Hldg 0.23 unch 93 Cosco Corp 1.04 0.01 5300 s$ Ezra Hldgs 1.10 0.01 4413 First Ship Lea 0.17 unch 200 Freight Links 0.07 unch 2375 Grand Banks 0.18 unch 10 Jaya Hold Ltd 0.58
      259 words
    • 698 30 Bloomberg RIO DE JANEIRO] OSX Brasil SA, the shipbuilder controlled by Brazil’s richest man, stands to benefit from a rival’s failure to deliver vessels on time for offshore oil production. So do the c o m p a n y shares. s p
      Bloomberg  -  698 words
    • 633 30 Move is to help expand firm’s plane fleet, market share Bloomberg [TOKYO] Orix Corp’s aviation unit is in talks with 787 Dreamliner customers to buy the new aircraft and lease it back to the airlines, helping expand the finance company’s plane fleet and
      Bloomberg  -  633 words
    • 1981 34 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
      1,981 words
  • Page 30 Miscellaneous
    • 298 30 CRYPTIC CROSSWORD Across 1 Applauded striking shot (7,3) 6 Tall pine (4) 9 Server of refreshments in the form of Spanish snack selection (5) 10 Weather forecasters satisfied not wanting frosty conditions (3,6) 12 Belief prevalent in Tibet or ancient Iran surprisingly (13) 14 Chap in high-class railway having expedition
      298 words

  • Page 31 Advertisements
    • 2400 31 SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda on 26 March 2001) Company Registration Number: ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SWING MEDIA TECHNOLOGY GROUP LIMITED (the “Company”) will be held at 6 Battery Road, #10-01, Singapore *****9 on Friday,
      2,400 words
    • 3082 31 T-jTpph TRITECH GROUP LIMITED (Incorporated In the Republic of Singapore) (Company Registration No. *****9330R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 4 th Annual General Meeting of the Company will be held at 31 Changi South Avenue 2 Singapore *****8 on Friday, 27 July 2012 at
      3,082 words

  • EDITORIAL & OPINION
    • 499 32 EDITORIAL A CHORUS of US lawmakers and pundits are pressing US President Barack Obama to help oust Syrian President Bashar Assad from power, including by arming the main opposition force and perhaps even through direct US military intervention. Just why these people are so
      499 words
    • 747 32  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group BETWEEN now and the election, Americans are going to be arguing a lot about jobs who can or can’t create them. It’s going to be mighty confusing. For proof, witness the latest
      The Washington Post Writers Group  -  747 words
    • 984 32  -  Obama’s plan is to depict Romney as ally of the ‘fat cats’ and the super rich ‘one per cent’ LEON HADAR Washington Correspondent Ninety-two per cent of likely American voters seem to have already decided for whom they would “definitely” or “probably” vote
      AFP  -  984 words
    • 1235 33  -  With economies still exposed to considerable risks, key is to focus on fundamentals, policy and confidence By GERARD LYONS The writer is chief economist at Standard Chartered Bank SO far, 2012 has provided further evidence of a divided and disconnected world economy that faces
      REUTERS  -  1,235 words
    • 747 33  -  DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate AT THE beginning of the financial crisis, it was said that banks were, in Charles Goodhart’s crisp phrase, “international in life, but national in death”. At the
      Project Syndicate  -  747 words


  • Page 34 Advertisements

  • SINGAPORE STOCKS
    • 2738 35 Transaction date: Jul 11 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 Last Vol Day Last Quote Div Gr Yld 127 92.5 AIMSAMPIReit 127 +1.5 526 127 125.5 126 127 6.6 12.2
      2,738 words
    • 175 36 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 4.7
      175 words
    • 8287 36 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.95/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 0.9925/ 1 6304/ EM
      8,287 words
    • 189 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US32 +0.5 2029 32 31.5 31.5 32 2107 Last 220 168 TanChongInt HK195 195 204 4.3 3.6 6.5 3927.1 STOCK PRICES
      189 words
    • 957 36 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122.4 122.2 CIMB APAC Div 100S$D 122.2 127.3 128.2 103 95.8 CIMB APAC Div 100US$ US96 101.1 101.9 10.1 1275 1246 CIMBASEAN40 100S$D 1272 1274 1283
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  • FINANCE & COMMODITIES
    • 611 37 Jul 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8819.04 8851.00 8797.73 Sep12 8870.00 8915.00 8795.00 8845.00 ***** *****9 Dec12 8765.00 8765.00 8750.00 8785.00 315 9013 MSCI TAIWAN INDEX FUTURES SPOT 255.37 257.09 254.80 Jul12 254.20 255.90 252.30 254.00 ***** *****9 Aug12 251.90 253.20
      611 words
    • 373 37 In local curr In S$ In US$ dy yr dy yr dy yr Jul 10 Index Change Change Change Change Change Change World Preliminary 868.9 0.0 4.7 -0.3 1.2 0.0 3.5 EAFE Preliminary 698.3 0.3 2.4 -0.1 -2.7 0.2 -0.5 Europe Preliminary 1043.5 0.8 1.7
      373 words
    • 107 37 Jul 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1648.75 1664.00 1672.25 1644.00 Aug 12 1590.50 1606.75 1611.25 1586.25 Sep 12 1557.75 1573.00 1579.75 1553.25 Nov 12 1538.50 1547.75 1555.50 1531.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 54.21
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    • 70 37 CRUDE OIL PRODUCTS Jul 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.73 -0.37 WTI (Near Mth) 83.99 -1.72 Dubai (1-Mth F) 96.12 0.47 Tapis blend 102.35 0.78 Minas 102.95 -1.87 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 88.44 -0.95 Jet Kerosene 114.19 -0.31 US$/barrel OpecOil Basket
      70 words
    • 150 37 As on 10 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1600.70 1581.80 1579.60 334 INDIA GOLD (E-GOLD) FUT AUG2012 533.55 527.45 529.95 921 CURRENCY EUR-USD FUT SEP2012 1.2342 1.2247 1.2265 1519 BASE METAL COPPER FUT SEP2012 7569 7491
      150 words
    • 22 37 Jul 11 S$ Bid Offer 1-month 1.2661 1.2666 2-months 1.2660 1.2666 3-months 1.2659 1.2664 6-months 1.2649 1.2655 Source: OCBC
      22 words
    • 64 37 Jul 10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1878.50 1891.75 3 months 1912.00 1925.00 Copper, Grade A(US$/tonne) Cash 7491.00 7559.25 3 months 7490.00 7560.00 Lead(US$/tonne) Cash 1859.75 1864.00 3 months 1874.00 1877.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 37 Jul 10 COCOA (£/tonne) Close Prev High/Low Jul 12 1616 1634 1640/1594 Sep 12 1608 1614 1620/1584 Dec 12 1590 1590 1596/1565 Mar 13 1565 1565 1571/1540 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2012 2033 2028/1960 Sep 12 2013 2035 2043/1966 Nov 12 2024 2044 2057/1977 Jan 13 2013
      80 words
    • 1113 37 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 4 1 146 369 8.00 22 Conv Ratio Baker Technology Ltd W*****6 0.8 1 32 4 39.38 4 Price Best World Intl Ltd W*****5 0.6 1 30 85
      1,113 words
    • 470 37 Jul 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.515 0.834 7.935 56.719 96.774 0.812 11.683 3.254 1.285 96.365 42.864 1.296 8.368 1.002 30.611 32.468 0.658 1.023 Canada 0.958 6.240
      470 words
    • 59 37 Jul 11 (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$) 0.***** 0.***** 0.***** 12 mths SWAP Mid rates (S$) 3 mths 0.***** 0.***** SWAP Mid rates (S$)
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    • 136 37 Jul 11 GOLD(US$/oz) Jul 10 Jul 11 Hong Kong 1597.60 1588.00 Jul 11 Jul 09 Jul 10 London 1587.00 1584.59 1588.00 1585.81 Source: Thomson Reuters CAST BAR Jul 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm
      136 words
    • 154 37 Jul 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2953 1.2962 1.0231 1.0234 Canadian dollar 1.2404 1.2416 0.9803 0.9797 Euro 1.5531 1.5540 1.2267 1.2269 NZ dollar 1.0078 1.0090 0.7960 0.7966 Sterling pound 1.9675 1.9691 1.5540 1.5546
      154 words
    • 84 37 Jul 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 13-Sep-12 0.26 6-Month BS*****F 10-Jan-13 0.26 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.13 5-Year N*****0Z 2.375 01-Apr-17 109.34
      84 words
    • 56 37 Jul 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3110.0 1951 Aug 12 3130.0 3126.0 3144.0 3069.0 1030 ***** Sep 12 3141.0 3130.0 3161.0 3080.0 ***** ***** Oct 12 3151.0 3136.0 3166.0 3086.0 4092 *****
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    • 121 37 As at 9am Jul 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.320 1.258 Can dollar 1.269 1.209 Euro 1.590 1.515 Sterling pound 2.006 1.929 NZ dollar 1.035 0.986 US dollar 1.287 1.238 Local dollars to 100 units of foreign
      121 words
    • 154 37 Jul 11 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12
      154 words

  • PROPERTY
    • 839 38 Lenders to be required to give homebuyers clear estimate of costs NYT [NEW YORK] As part of a continuing overhaul of the home mortgage market, the Consumer Financial Protection Bureau on Monday proposed rules to bolster fairness and clarity in residential lending,
      NYT; REUTERS  -  839 words
    • 659 38 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 28 WITH CONTRACT DATES BETWEEN JUNE 13 AND JUNE 19, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Ascentia Sky Apt 13/06/2012 99 1475 2322 1574 District 4 LANDED Sentosa Cove
      659 words
    • 502 38 Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd, Hong Kong’s biggest developer by value, has bought a building site in the city’s east for less than analysts’ estimates, underscoring concerns that increased housing supply and slowing global growth may crimp
      Bloomberg  -  502 words
    • 506 39  -  Demand for new units below $500k also continues upward trend By MICHELLE TAN NEW homes that fall within the price bracket of $500,000 to $1 million continue to be the most popular among Singaporean buyers. In the first half of this
      506 words
    • 308 39 Foreign investors’ yuan start-up accounts can’t be used for property Bloomberg [SHANGHAI] China has banned foreign capital-in-vested property companies from borrowing yuan loans offshore, Shanghai Securities News reported yesterday. Funds in yuan start-up accounts from foreign investors cannot be used to bid for
      Bloomberg; AFP  -  308 words
    • 352 39 Prices seen remaining subdued until after elections Reuters [NAIROBI] Kenya’s house prices were almost flat in the second quarter of 2012, in sharp contrast to dou-ble-digit growth last year, while rental prices rose as buyers hurt by high interest rates opted to rent. HassConsult,
      Reuters  -  352 words
    • 436 39 It’s an opportune time to raise cheap financing: analysts Reuters [DUBAI] Emaar Properties, builder of the world’s tallest tower, plans to issue a seven-year bench-mark-sized sukuk this week, two market sources said yesterday, joining a growing list of Gulf Arab entities tapping demand
      Reuters  -  436 words
    • 504 40  -  $5b of financing secured for the Khazanah-Temasek mixed development By FELDA CHAY THE Marina Bay area will see a new addition to its skyline come 2017 with the completion of the $7 billion M ar i na O ne a K h a zanah-Temasek
      504 words
    • 492 40  -  Warm response expected for 99-year leasehold condo due to pricing By MICHELLE TAN KOH Brothers Group is set to launch its first 99-year leasehold pure residential mass market project Parc Olympia along Flora Drive this weekend. Response
      492 words
    • 227 40 AFP [WASHINGTON] An apartment in the Watergate complex, best known for the break-in that brought down US president Richard Nixon in the 1970s, has sold for a record US$3.1 million, the Washington Post reported on Monday. Tech entrepreneur John Lee bought the three-bedroom, 3,700
      AFP  -  227 words
    • 551 41  -  Analysts expect URA’s mixed development site to be popular By KALPANA RASHIWALA THE latest 99-year leasehold site in the vicinity of Potong Pasir MRT Station to be released by Urban Redevelopment Authority (URA) is expected to be hotly contested, because of the appeal
      551 words
    • 412 41 It may fuel expectations that rising land costs will raise home prices again Reuters [BEIJING] City authorities in Beijing have sold land at a record high of more than 40,000 yuan (S$7,928) a square metre in an auction where they capped
      Reuters  -  412 words
    • 352 41  -  By JASMINE NG ORCHARD Parade Holdings (OPH) has moved a step closer to the planned listing of Far East Hospitality Trust as the company’s shareholders yesterday voted in favour of its restructuring exercise. At an extraordinary general meeting, shareholders approved the injection of its
      352 words
  • Page 38 Advertisements
    • 138 38 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 Sales Leasing of the following types of assets 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office
      138 words
    • 75 38 SE.vrosA <:o\ k Developer's Exclusive PQCPQTIP L'cvciupci iCy( I uv (i 1/v Leasing Agent Brand new condominium Breathtaking ocean views from all apartments 3+1/ 4+1/ ground floor/ 4-bedroom penthouse 2,164 2,336/ 2,669 4,133 sqft Quality finishes and luxurious appliances Spacious balcony/ patio Attractive rental rates Full commission additional cash incentives
      75 words
    • 47 38 *1 A k- REAL-STAR v v THE LEADING BUNGflL0W,SPECIALIST.7^ Listen to the rustle of leaves. A 1U complete immersion to tranquility *****SF/ *****SF (Magnificient Villa) *****SF/ *****SF (Designer Villa) Resort living away from hustle BmJai and bustle *****SF/ 6000SF (Quaint Villa) *****Sf/9000SF (Mediterranean Villa) can 6100 0080
      47 words

  • Page 39 Advertisements
    • 105 39 AA CENTRE, 336 RIVER VALLEY ROAD FREEHOLD MIXED DEVELOPMENT (LEVEL 1 to 6) S' For Enquiries, Please Call Sim Chee Jin 6531 8677 CEAReg. No. R*****1D Tang Wei Leng 6531 8586 CEA Reg. No. R*****2B Car Park: About 90 lots located in basement levels for common use Possible to explore
      105 words
    • 215 39 La Costa Vivaldi r. IE r m LUXURY SKY BUNGALOW CONDOMINIUMS Nexis n M, m T I SUNWAY V Residence Jl 2S WA Jti f I > 4 PROPERTY IF SOHO OFFICES 3v*S, 1 SVC RESIDENCES .BLUE CHIP INVESTMENT OPPORTUNITY IN KL l/l/hflf sort of property reaps the best margin?
      215 words

  • Page 40 Advertisements
    • 425 40 RESIDENTIAL SITE NOVENA Estate Agency Licence No: L*****33E Ultra Mansion, Derbyshire Road Located in Prime District 11, Novena (Freehold) Site Area 4,228.25 sqm 45,512 sq ft MP 2008 Zoning Residential Plot Ratio 2.8, Potential GFA 140,180 sqft Minimum DC 500m to Novena MRT station Proximity to World-Class Medical Hub IRRAWADY
      425 words
    • 123 40 Industrial Space For Sale Gross Floor area 90,000 sq ft (approx.) Established Woodlands Industrial Hub location Excellent frontage visibility along Admiralty Road West Possible 3-5 year leaseback, high yield Approved for partial Dormitory Use For enquiries, please contact: Edmund Lee Donald Goh 9843 3965 9690 9541 CEA Reg. No. R*****5A
      123 words
    • 78 40 FOR SALE LEASE PRIME SPACE ORCHID HOTEL Retail shop/2nd floor NearTanjong Pagar MRT High visibility/traffic 431/506/538/893/5468 sqft Contact 9090 2222 Orchid Hotel Pte Ltd The Premier Real Estate Agency GES CORPORATE TEAM WE PROVIDE A UNIQUE STRATEGY TO LANDED PROPERTY OWNERS AND FACILITATE THE MARKETING OF SALES PURCHASES OF LANDED
      78 words
    • 159 40 Jones Lang LaSalle Real value in a changing world 4-Storey Detached Factory at Ang Mo Kio Industrial Park 2 Land Area 86,107 sqft Gross Floor Area 159,974 sqft Tenure 60 years wef 1/7/1979 Master Plan Zoning Business 2, Plot Ratio 2.5 Suitable for Corporate SME Prominent and conveniently located EOI
      159 words

  • Page 41 Advertisements
    • 118 41 fffih Jones Lang ©MJ1 WJJ LaSalle- ©V (MM1©©0©: Real value in a changing world NOL Building, 456 Alexandra Road Refurbishment I Redevelopment Opportunity EOI Closing Date: 3 August 2012 3pm Rd ICq Techno Alexandra r °'0A “"so* Pasi» Gst c. NOL °‘1st Building Butlnett City *'ok B/an Labrador Park Telok
      118 words
    • 339 41 Mulberry Mews Islington, London Mulberry Mews Islington Ik 1 4- A JIL 9 E 1 Taylor Wimpey is proud to present a luxurious collection of 1, 2 3 bedroom apartments and 3, 4 5 bedroom townhouses set around a gated tree-lined square. Superb links to the West End (Oxford Circus)
      339 words

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    • 261 42 A STRAITS TIMES APPRECIATES READERS EVENT FINAL CALL TO SIGN UP 6.30pm Sunday, July 15 2012, GARDENS BY THE BAY $67 for The Straits Times Readers (Usual Price $75) 4 m 8 v. y. Taufik Batisah Tanya Chua Boys Like Girls Y. I ri U 4^ /••s y FREE TICKETS
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