The Business Times, 16 August 2012

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Microfilm: NL32203
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, August 16, 2012G
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  • Article, Illustration
    Lock icon StanChart dodges a bullet, still under fire
    926 1  -  US$340m settlement saves New York licence but other regulators are still on the case By SIOW LI SEN [SINGAPORE] Standard Chartered Bank has agreed to pay US$340 million (S$425 million) to a US regulator to settle Iranian money-laun-dering charges, lifting the threat of
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,062.11 (-25.73) HST INDEX FUTURES 3,058.00 (-15.00) HSIMSCI 351.70 (-2.95) HSIMSCI FUTURES 350.60 (-3.80) US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.567 1.959 EURO (US$/S$/€) 1.232 1.540 Foreign currency per US$ S$ YEN 78.90 63.20 RM 3.133 2.506 HK$ 7.757 6.205 BAHT 31.55 25.24 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Wednesday Change KL COMP 1,653.78 +0.88 NIKKEI 225 8,925.04 -4.84 HANG SENG 20,052.29 -239.39 SET INDEX 1,226.83 +0.01 JAKARTA COMP 4,141.99 +20.43 MANILA COMP 5,266.66 +0.72 SEOUL COMP closed SHENZHEN B 576.73 +7.81 MUMBAI IND closed 12noon EDT Change DOW 13,173.31 +1.17 NASDAQ 3,029.95 +12.97
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.299 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Davinder: Sukamto’s aim was to derail IPO
    924 1  -  Businessman accused of ‘concocting story' to exact revenge on founder of Bayan By GRACE LEONG [SINGAPORE] Singaporean businessman Sukamto Sia subject of a $300 million defamation lawsuit by Low Tuck Kwong, founder of Indonesian coal producer PT Bayan Resources was accused in cross-examination
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      202 1 AVIATION AirAsia S’pore country head promoted as CEO PAGE 20 COMPANIES Oei Hong Leong ups the ante in fight for Intraco stake PAGE 5 PROPERTY Sale of private homes jumps 42 per cent PAGE 4 *****1 *****4 We prefer not to be measured by dimensions. Unless it’s a new dimension
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      7 1 INDIA Manmohan Singh’s vague speech PAGE 4,11
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      565 2 StanChart dodges a bullet, still under fire STANDARD Chartered Bank has agreed to pay US$340 million to a US regulator to settle Iranian money-laundering charges, lifting the threat of losing its US clearing licence which could have pulverised its business. A sense of relief was palpable yesterday following
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    • Article
      Lock icon Could Heineken have avoided the Tiger brawl?
      612 2  -  Focus is on whether it made an early offer for OCBC’s stakes in F&N, APB By EMILYN YAP [SINGAPORE] Did Heineken make an offer for the OCBC Group’s stakes in Fraser and Neave (F&N) and Asia Pacific Breweries (APB) before those shares were
      612 words
    • Article, Illustration
      Lock icon StanChart must explain why it paid so much
      375 2  -  REUTERS BREAKINGVIEWS By JOHN FOLEY WHAT price a quiet life? Standard Chartered says US$340 million. That’s how much the UK bank paid to call off an assault from New York’s Department of Financial Services (DFS), which had accused it of sanctions-busting trades.
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    • Article
      Lock icon Correction
      39 2 IN yesterday’s “Global Logistic Properties Q1 profit surges 57.2%”, we wrongly reported that non-execu-tive director Seek Ngee Huat had left the board. Mr Seek remains on the board in the same role. We are sorry for the error.
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    • Article, Illustration
      Lock icon Sale of private homes jumps 42% in July
      962 4  -  CCR sees steepest 79% rise in buying activity, with 253 units sold last month By MINDY TAN [SINGAPORE] Demand for private residential homes, excluding executive condominiums (ECs), rebounded in July, with 1,943 units snapped up last month, 42 per cent more than
      FILE PHOTO  -  962 words
    • Article, Illustration
      Lock icon What India’s prime minister should have said
      448 4  -  0% REUTERS BREAKINGVIEWS By JEFF GLEKIN INDIA’S Prime Minister Manmohan Singh gave a vague speech on India’s Independence Day, promising faster than 6.5 per cent GDP growth this year without answering any of the tough policy questions which the government faces. Something better
      AFP  -  448 words
    • Article
      Lock icon Consumer price index holds steady in July
      524 4 Industrial output posts 0.6% rise in July for the fourth month in a row LATEST US DATA AP [WASHINGTON] US consumer prices were unchanged in July from June, as a small drop in energy costs offset slightly higher food prices. The consumer price
      AP  -  524 words
    • Article
      Lock icon M’sia’s Q2 GDP expands 5.4% on domestic demand
      516 4  -  Full-year figure will come in closer to 5%: central bank By PAULINE NG in Kuala Lumpur ROBUST domestic demand more than compensated for weaker exports in the second quarter to propel the Malaysian economy to a “better-than-expected” 5.4 per cent expansion. First-quarter
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      82 2 m UKC' r i 'X.. 4 ORCHARD RCwD /I GRB4T STREET Download the PARAGON App COFFEE AND CONVERSATION 1 BETWEEN I DECISIONS, DECISIONS Cafes one on every floor offer pause from the rush of shopping. So when your feet tire, let your taste buds take over. Bakerzin Cafe Manuka Canele
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      198 3 www.vw.com.sg ismt m •na i 1 CTA Passat III iy N 5s v ss «r v The Passat, now with Park Assist. This beautifully designed, German-engineered sedan has all the features you’d expect from a car of its class, and a few you might not, such as: 0 Park Assist
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      162 4 Legend of the Seas 2012/2013 2N MALACCA CRUISE Dep Date 03 Nov 2012, 06 Feb, 23 Mar 2013 Port-of-call Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date 31 Oct, 09, 16, 23 30 Nov, 07, 14 26 Dec 2012 Port-of-call Singapore, Penang, Malacca Dep Date 22 Feb, 01,08 29
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      31 4 India ‘national security at risk’ if growth is flat, Page 11 SCORECARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg
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      35 5 +65 6735 5225 PRADA.COM W. m i i I r m i mm ii I 7 m .luift■ I m a m ■\i D A GARY OLDMAN, JAMIE BELL, GARRETT HEDLUND WILLEM DAFOE LONDON,MARCH 2012
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Oei ups the ante in fight for 29.89% Intraco stake
      769 5  -  His new offer of 70 cents a share values Intraco at $69 million By KENNETH LIM OEI Hong Leong does not like to be spurned twice. The veteran investor yesterday raised his offer for a 29.89 per cent stake in
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    • Article
      Lock icon Wilmar open to selling Goodman Fielder stake ‘at a good price’
      426 5 Bloomberg [HONG KONG} Wilmar International, the world’s largest palm oil processor, said it is open to selling its stake in Goodman Fielder after the Australian breadmaker rejected an offer as too low. Shares in Goodman Fielder, Australia’s largest baker,
      Bloomberg  -  426 words
    • Article
      Lock icon Top end pricing for Far East Hospitality IPO
      454 5 Plan to sell units at $0.93 each to raise $656m: sources Reuters SINGAPORE’S Far East Hospitality Trust is set to raise some S$656 million in an initial public offering after pricing it at the top end of an indicative range, sources said,
      Reuters  -  454 words
    • Article
      Lock icon Sembcorp wins US$135m deal to convert rig
      407 7  -  Rig will become a deepwater driller for Houston-based Diamond Offshore By LEE MEIXIAN SEMBCORP Marine has clinched a US$135 million (S$168.2 million) contract to turn an out-of-work rig into a deepwater driller for Diamond Offshore. Diamond Offshore is a Houston-based deepwater drilling company
      407 words
    • Article
      Lock icon Asiasons Capital and associate in stake, loan conversion deal
      381 7  -  By CARINE LEE ASIASONS Capital Ltd (ACL) has struck a deal with its associate Asiasons WFG Financial Ltd (AWFG) for a loan conversion and the acquisition of stakes in two investment holding firms. The proposed loan conversion involves $900,000 owing to
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    • Article, Illustration
      Lock icon Cordlife to buy 10% of China Cord
      450 7  -  US$20.8m deal buys stake in China’s largest operator By TEO SI JIA CORDLIFE Group Ltd has made its first big move to expand its operations. The Singapore-listed cord blood banking service provider has entered into a share purchase agreement to buy a 10
      FILE PHOTO  -  450 words
    • Article
      Lock icon Treasury China Trust assures unitholders
      418 8  -  Firm responds to letter published in BT on its corporate governance By CAI HAOXIANG TREASURY China Trust (TCT), a mainboard-listed business trust with commercial real estate assets in China, responded yesterday to questions on its corporate governance raised by a minority investor Mano Sabnani. The
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    • Article
      Lock icon Mapletree Investments expands presence in China's logistics real estate space
      345 8 MAPLETREE Investments Pte Ltd has started construction on its latest logistics facility development in China. In its announcement yesterday on the groundbreaking of Mapletree (Zhengzhou) International Logistics Park (MZILP), Mapletree said that MZILP will be a grade A logistics facility
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market pulls back on China concerns
      500 6  -  STI falls amid mixed closings in Asia; index also dragged down by dismal Wilmar results STOCKS VEN SREENIVASAN Senior Correspondent FEARS of a potential hard landing by China continued to trouble Asian markets, resulting in mixed closings across the region. Tokyo’s Nikkei 225 closed
      Source:  -  500 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 28 63 42 5 5 7 33 68 49 Commerce 17 26 18 0 5 3 17 31 21 Tpt/Stor/Comms 10 17 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,328 12,328 56,204 56,204 Manufacturing 294,868 19,396 314,264 322,016 601 322,617 Commerce 231,066 3,575 234,641 206,497 333 206,831 Tpt/Stor/Comms 97,916 39,149 137,065 182,555 12,748 195,303 Finance 35,394 360 35,754 107,123 145 107,267 Construction 67,286 3,704
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.670 -0.025 CapitaLand 3.070 +0.050 CapitaMall 1.940 -0.015 CityDev 11.450 -0.380 ComfortDelGro 1.690 +0.010 DBS Grp 14.620 -0.360 F&N 8.500 -0.050 GLP 2.390 +0.050 Genting SP 1.310 +0.030 Golden Agri 0.710 +0.005 HK Land 6.160 -0.080 JMH
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 6 Aug 15 VALUE CLOSE BT OB/OS -1.00-125.00 BT CADI -*****.00-122.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 704.26 -3.42 FTSE ST Small Cap 462.85 -0.18 FTSE ST All Share 739.72 -5.49 FTSE ST China Top 202.97 -2.95 FTSE ST China 221.50 -5.13 FTSE ST Catalist 863.56
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Genting SP 96,846,000 Noble Grp 90,263,000 Golden Agri 71,983,000 IPC Corp 52,894,000 Wilmar 48,636,000 Yoma 42,984,000 GSH Corp 40,438,000 Sky One 38,544,000 Thai Beverage 34,801,000 SingTel 30,000,000 VALUE($) Wilmar 151,573,360 Genting SP 126,737,385 Noble Grp 111,039,360 SingTel 100,347,185 DBS Grp 53,742,740 Golden Agri 50,783,964 Olam 49,592,050
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    • Article
      Lock icon BROKERS’ TAKE
      985 6  -  Compiled by KENNETH LIM Wilmar International Aug 15 close: $3.15 MAYBANK KIM ENG, Aug 15 Q2 2012 results were very much below expectations. Excluding non-op-erating items, recurring net profit of US$172 million was still down 55 per cent y-o-y. With recurring net profit for H1 2012 hitting just
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    • Article, Illustration
      Lock icon Philippine peso leads declines in Asia
      465 6 CURRENCIES Bloomberg [BANGKOK] The Philippine peso led declines in Asian currencies amid concern a global economic slowdown will worsen the outlook for exports that drive the region’s growth. The Bloomberg-JPMorgan Asia Dollar Index fell to its lowest level in more than a week after
      Bloomberg; BLOOMBERG FILE PHOTO  -  465 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 279.9 1.7 Asia Pac Brew 5049 34.0 0.7 DBXT S&P Short 10US$ 3632 32.5 0.7 Lyxor India Nifty 10 1221 26.0 2.2 DBXT MSINDO 10us$ 1481 20.0 1.1 Venture Corp 789 10.0 1.3 Lyxor Asia EX 10US$ 412 8.8 1.7 Noble
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    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -208.7 -1.1 DBXT MSKorea 10US$ 5674 -80.0 -1.1 JMH 5365 -53.7 -0.8 DBXT Nifty 10US$ 9804 -40.0 -0.3 CityDev 1145 -38.0 -3.2 DBXT MSJAP 10US$ 3509 -37.5 -0.8 DBS Grp 1462 -36.0 -2.4 Jardine C&C 4965 -35.0 -0.7 CityDev.ES.1208 1150 -34.0 -2.9
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      123 7 Good things come to those who wait. Great things come to those who don't. O °oA ONE SHENTON I -r'T L I mm /x M > ■V,«~ Kt£. «rV' SvCr=<» V SZ*** iVVY „\H. In the heart of Singapore s financial district, minutes away from Marina Bay Sands Integrated Resort,
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      431 8 SINGAPORE’S I.T. CONSUMER TECHNOLOGY EXHIBITION BIGGEST www.comexshow.com.sg Join us at DON’T MISS COMING SOON! 30thAug 2ndSept SUNTEC SINGAPORE SINGAPOREBIGGESTI.T EXHIBITION OF THE YEAR! GUARANTEED OVER$90,000CASH TO BE WON IN 4 DAYS! (One coupon for every $100 paid or deposit placed during the 4 days) EXCLUSIVE SHOW OFFERS >> NEW PRODUCTS
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  • SINGAPORE NEWS
    • Article
      Lock icon MOM launches blitz to check worksite safety
      337 9  -  By KENNETH FOO THE Ministry of Manpower (MOM) will launch a safety inspection blitz in the coming weeks ramping up the number of surprise checks by about 50 per cent. This move comes on the heels of a number of recent high-profile accidents
      337 words
    • Article
      Lock icon New online toolkit helps SMEs boost financial know-how
      520 9  -  By KENNETH FOO THE Association of Banks in Singapore (ABS) has rolled out an online toolkit to help small and medi-um-size enterprises (SMEs) build their competence in financial management and to soothe their “growing pains” in business financing operations. ABS chairman Piyush
      520 words
    • Article
      Lock icon SRC refinery set for US$500m upgrade
      500 9  -  With engineering work underway, it is sounding out plant contractors soon By RONNIE LIM AS more rival refineries emerge in Asia and the Middle East, Singapore Refining Company the joint venture of oil giants PetroChina and Chevron is set to embark very shortly on
      500 words
    • Article, Illustration
      Lock icon June retail sales dragged down by vehicle slump
      432 9  -  Slower times ahead as GSS season ends, tourist inflow ebbs By NISHA RAMCHANDANI DRAGGED down by motor vehicles, retail sales for the month of June slipped 0.9 per cent year-on-year, according to data released by the Department of Statistics yesterday. However, excluding
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Training for creative professionals
        117 9 A NEW Singapore Workforce Skills Qualifications (WSQ) programme has been launched to help professionals in the creative industries gain business management skills relevant to their industry. It is called the WSQ Specialist Diploma in Interactive Media (Business Management) and is offered on both a full-time and
        117 words
      • Article
        Lock icon Punggol Waterway wins award
        91 9 THE Housing Development Board has won the Global Superior Achievement Award for the Punggol Waterway project, the highest recognition conferred by the International Water Association (IWA) for the most outstanding project across all categories. It is the first time that an Asian entity has clinched the
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      • Article
        Lock icon American Express names VP
        68 9 AMERICAN Express Business Travel has announced the appointment of Andi Budd as the new vice-president and general manager for Singapore, Thailand and Taiwan. Mr Budd has close to two decades of experience from a spectrum of roles in business travel and corporate payments within American Express.
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      396 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Directors’ pay of top 20 M’sian firms up 17%
      500 10 Genting Group’s board leads with RM117.7m in total, followed by IOI Corp [KUALA LUMPUR] Pub-lic-listed companies rewarded their directors with higher pay last year compared with 2010 despite a global economic slowdown triggered by the eurozone debt crisis, the Malaysian Business
      500 words
    • Article, Illustration
      Lock icon Inflation in Malaysia eases further in July to 1.4%
      241 10 Bloomberg [KUALA LUMPUR] Malaysia’s inflation slowed for a ninth month in July as prices of communication and clothing fell. Consumer prices rose 1.4 per cent last month from a year earlier after climbing 1.6 per cent in June, the Putrajaya-based Statistics
      Bloomberg; FILE PHOTO  -  241 words
    • Article
      Lock icon Thailand, Indonesia and Malaysia discuss rubber export limits
      360 10 Bloomberg [BANGKOK] Thailand, Indonesia and Malaysia representing about 70 per cent of global natural-rubber supply were set to discuss plans yesterday to limit exports and boost prices. The International Tripartite Rubber Council, which represents growers and exporters from the three countries, were
      Bloomberg  -  360 words
    • Article
      Lock icon CIMB posts 14.4% rise in Q2 net profit
      226 10 Reuters [KUALA LUMPUR] Malaysia’s No 2 lender CIMB Group Holdings Bhd beat expectations yesterday by posting a 14.4 per cent increase in second-quarter net profit and said it was on track to meet its annual financial targets. The bank said net profit
      Reuters  -  226 words
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      841 10 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and
      841 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Printer blames hackers for HK filings mix-up
      326 11 Bloomberg [HONG KONG] The erroneous filing of three documents under the wrong companies’ tickers on the Hong Kong Exchanges Clearing news website on Aug 12 may have been caused by hackers, the printing company involved said. An unidentified person or people uploaded several
      Bloomberg  -  326 words
    • Article, Illustration
      Lock icon India ‘national security at risk’ if growth is flat
      522 11 Urgent steps needed to draw investment, ensure energy flow, curb corruption AP [NEW DELHI] India’s national security is at risk if urgent steps are not taken to boost economic growth, attract new investment in infrastructure and legislate against corruption, Prime Minister
      AP; AFP  -  522 words
    • Article
      Lock icon India announces plans for Mars mission next year
      142 11 AP [NEW DELHI] Prime Minister Manmohan Singh says Indian science and technology will take a giant leap forward under a plan to send a space mission to Mars next year. Mr Singh says his Cabinet has approved a mission that will collect
      AP  -  142 words
    • Article
      Lock icon China delay in cutting reserve ratio reflects inflation concern
      593 11 Hesitation raises risk of slowing growth for seventh quarter Bloomberg [BEIJING] China’s slower-than-forecast cuts in banks’ reserve requirements show authorities are reluctant to shake their concern inflation will quicken, three months after Premier Wen Jiabao shifted priorities to boosting growth. China
      Bloomberg  -  593 words
    • Article
      Lock icon China bank NPLs rise for third straight quarter
      380 11 Bad loans surge across the board to total 456.4b yuan Bloomberg [BEIJING] Chinese banks’ bad loans increased for a third straight quarter for the first time in eight years, highlighting pressures on asset quality and profit growth as the economy weakens. Non-performing
      Bloomberg  -  380 words
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      177 words
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  • ECONOMY WATCH
    • Article
      Lock icon Eurozone leaders’ task just got tougher
      641 12 Economic contraction on the cards, complicating efforts to tackle crisis NYT [FRANKFURT] The newest eurozone economic data indicating a shift to contraction from stagnation in the second quarter of 2012 adds to the woes of European leaders as they return from vacation to confront
      NYT  -  641 words
    • Article
      Lock icon Australia wages up, but confidence falls
      532 12 Household concern over Europe turmoil and China’s growth Bloomberg [SYDNEY] Australian consumer confidence fell by the most in five months even as wages climbed, sending mixed signals on the economy as the central bank weighs whether to hold interest rates at a de-veloped-world high.
      Bloomberg  -  532 words
    • Article, Illustration
      Lock icon Luxury retailers resilient, upbeat in sales forecasts
      673 12 Reuters [CHICAGO] Affluent shoppers shrugged off anxiety about the global economy that cast a pall over the luxury sector in the spring, leading Estee Lauder, Michael Kors and Saks to issue bullish sales forecasts. Consumers showed a willingness to pay for high-end handbags
      Reuters; MICHAEL KORS  -  673 words
    • Article
      Lock icon Asia dominates list of countries exposed to natural hazards
      366 12 Bangladesh, the Philippines, Myanmar are at risk AFP [PARIS] Asian countries dominate a league table of economies most at risk from earthquakes, floods, storms and other natural hazards, according to research released yesterday. In an assessment of 197 countries, British risk
      AFP  -  366 words
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      161 12 The Business Times &ION Orchard Present THE SPIRIT 'SAKE -V V 4 Tuesday, 28 August 2012 (7pm 9.30pm) MAGOSABUROU at ION Orchard, #04-11A $45* nett per person inclusive of Sake Tasting Japanese Food *Usual price $120 Register by 22 August midnight at http:pbp.sph.com.sg/btsake Sake Educator Mr Janson Chua m RT.
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  • WORLD
    • Article
      Lock icon Soros, Paulson pile up gold ETF as prices drop
      573 13 Gold slumps 4% in second quarter, the biggest loss since Sept 2008 Bloomberg [NEW YORK] Billionaire investors George Soros and John Paulson increased their stakes in the biggest exchange-traded fund backed by gold as prices posted the largest quarterly drop since
      Bloomberg  -  573 words
    • Article
      Lock icon Immigration fastest way to boost US recovery: NY mayor
      498 13 AP [CHICAGO] New York Mayor Michael Bloomberg on Tuesday sought to ignite debate over immigration among the presidential contenders, saying there was no faster or cheaper way to fix the nation’s economic problems than by abandoning “self-defeating” immigration policies. In an
      AP  -  498 words
    • Article, Illustration
      Lock icon South Korea urges Japan to resolve disputes
      462 13 Reuters [SEOUL] South Korean President Lee Myung-bak yesterday warned that conflicts over bitter shared history were complicating ties with former colonial master Japan and urged Tokyo to do more to resolve an emotive dispute over Korean women abducted to serve as sex slaves
      Reuters; REUTERS  -  462 words
    • Article, Illustration
      Lock icon Revolution on factory floor propels Chrysler revival
      591 14 Many small changes with focus on role of workers has raised output and morale AFP [DETROIT] Three years after its near collapse, US car maker Chrysler has pulled back into market contention, helped not just by snazzy new models but also a revolution
      AFP  -  591 words
    • Article, Illustration
      Lock icon Soggy summer dampens plans of UK retailers
      824 14 Bloomberg [LONDON] In anticipation of warmer weather to come, British retailers spent the spring stocking up on T-shirts, swimwear, barbecue equipment and garden furniture. What they got instead has been record rainfall and soaring sales of umbrellas. The soggy climate has forced shopkeepers
      Bloomberg; AP  -  824 words
    • Article
      Lock icon Increase in suicides in UK linked to lingering recession
      330 14 Bloomberg [LONDON] The recession that began in 2008 may have contributed to an increase in suicides in the UK, according to a study that echoes findings from research in the US and Australia. Suicides in England began to rise in 2008
      Bloomberg  -  330 words
    • Article
      Lock icon Diana’s dress draws crowds to palace museum
      701 14 Kensington Palace, her London ex-home, reopens after a £12m makeover Bloomberg [LONDON] A low-cut Versace dress that Princess Diana wore to a 1995 film premiere is drawing crowds to the museum in her former London home, which has reopened in the year of
      Bloomberg  -  701 words
    • Article, Illustration
      Lock icon Tobacco firms lose challenge to Australia’s packaging law
      638 16 Measures enforcing drab packaging with health warnings constitutional: court AFP [SYDNEY] Global tobacco firms lost a “watershed” court challenge to Australia’s plain packaging laws for cigarettes yesterday in a closely-watched case that health advocates said would have a worldwide impact. The High
      AFP; REUTERS  -  638 words
    • Article
      Lock icon Lawmakers suspect tax issues at Wal-Mart
      448 16 Reuters [WASHINGTON] Two US House Democrats investigating bribery allegations in Wal-Mart’s Mexico affiliate said on Tuesday they have obtained new internal records that may point to evidence of tax evasion and money laundering. Reps Elijah Cummings and Henry Waxman, who are the ranking members,
      Reuters  -  448 words
    • Article, Illustration
      Lock icon Times Co hires BBC chief as next CEO
      516 16 AP [NEW YORK] The New York Times Co named outgoing BBC head Mark Thompson as its next chief executive, saying it valued his record in helping the British broadcaster expand online. In a statement late on Tuesday, Times chairman Arthur Sulzberger Jr
      AP  -  516 words
    • Article, Illustration
      Lock icon Bill Gates kicks off search for loo of the future
      446 16 Microsoft founder says flush toilets not suitable for many AFP [SAN FRANCISCO] Microsoft co-founder turned global philanthropist Bill Gates has launched a search for a new toilet better suited to developing countries. The charitable foundation founded by Mr Gates and
      AFP; AP  -  446 words
    • Article
      Lock icon UK wary about an ECB with full oversight
      748 18 Policy plan papers show central bank also backing ‘light touch’ approach Bloomberg [BRUSSELS] The UK is pressing for the European Central Bank (ECB) to share power with national regulators as it takes over euro-region bank supervision, according to poli-cy-planning documents obtained by
      Bloomberg  -  748 words
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      Lock icon EU biofuel sector under fire amid food crisis
      725 18 2012 deal likely to avert clash with food output, environment Reuters [AMSTERDAM] Droughtstricken crops and recordhigh grain prices have strengthened critics of the European Union (EU) biofuel industry, adding fears of a food crisis to their claims that it does not ultimately
      Reuters; AFP  -  725 words
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      Lock icon French city starts costly clean up after riots
      610 18 AFP [AMIENS, France] The French city of Amiens yesterday began a costly clean-up after two nights of rioting that left France again asking itself what to do about marginalised urban neighbourhoods that have regularly erupted into violence in the past decade. The
      AFP; REUTERS  -  610 words
    • Article, Illustration
      Lock icon ADB urges region to give green drive top priority
      496 19  -  Rapid urbanisation causing further harm to environment and cities must act now by ANTHONY ROWLEY in Tokyo ASIA faces the prospect of a “bleak and environmentally degraded” future if it does not begin acting now to design green, re-source-friendly cities capable
      AFP  -  496 words
    • Article
      Lock icon Elvis fever still alive, 35 years after his death
      549 19 This year’s edition of Elvis Week expected to be the largest AFP [MEMPHIS, Tennessee] Fans of Elvis Presley are flocking to his Graceland estate for today’s 35th anniversary of his death, and their enthusiasm for the king of “rock n roll”
      AFP  -  549 words
  • Page 13 Advertisements
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      2453 13 KAT3 NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices <&DARCO SOLUTIONS TO WATER WASTE DARCO WATER TECHNOLOGIES LIMITED Registration No. *****6732C (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Darco Water Technologies Limited (“the Company”) will be held at Cliftons
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      378 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SEAHAWK CAPITAL PTE. LTD. COMPANY REG. NO. *****0866G (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the above-named Company deemed to have been held on 15 August 2012 at 4pm, the following resolutions
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      17 14 m MiL'J. m€ SINGAPORE'S mrresr hits hear ONeViZECTlOM '5 HOTTEST HITS ON HOT FM 91.3 m i
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      466 16 THINK BIG ENTREPRENEUR CONVENTION 2012 Business Solutions Updated Whether you are starting up or already running a business, here's your opportunity to glean expert advice from experienced business specialists on how to fund your ideas, improve efficiency and communicate your brand effectively. Plus hear what industry leaders think how businesses
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      1343 17 LOTTVISION LIMITED (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING (“SGM”) of LottVision Limited (the “Company”) will be convened on 3 September 2012 at 10:00 am at No.9, An Ding Men West Road, Beijing, PRC and via teleconference at 50 Raffles
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      3672 17 CIMC ft CIMC RAFFLES CIMC Offshore Holdings Limited CIMC Raffles Offshore (Singapore) Limited (Incorporated in Hong Kong SAR) (Incorporated in the Republic of Singapore) (Company Registration No.: *****41) (Company Registration No.: *****1560D) JOINT ANNOUNCEMENT PROPOSED ACQUISITION OF CIMC RAFFLES OFFSHORE (SINGAPORE) LIMITED BY CIMC OFFSHORE HOLDINGS LIMITED BY WAY OF
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      37 18 THE STRAITS TIMES SUBSCRIPTION PLEASURES Subscribe Now And Get This Or Other 0T0 Gifts! e 0 m 6) m 6) oro e-Shape OTO e-Shape Slimming Belt u.r $298 Find out more at www.STsubscribe.com or call 6388 3838
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      33 18 INDIAN INDEPENDENCE DAY SPECIAL A BILLION BIG DREAMS Indian High Commissioner T.C.A. Raghavan writes exclusively for tabla! SINGAPORE CELEBRATES ITS 47TH BIRTHDAY GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      1157 19 NOTICES 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING of Fastech Synergy Ltd (the “Company”) will be held on 4 September 2012 at 2:00 pm at Makiling room, Sta. Elena Golf Country Club, Cabuyao, Laguna, Philippines 4025
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      1571 19 CONTEL CORPORATION LIMITED (Co. Registration No. *****) (Incorporated in the Bermuda) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CONTEL CORPORATION LIMITED (the “Company”) will be held at 3 Lorong 6 Toa Payoh Singapore *****8 on Friday, 31August 2012 at 9.30
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon AirAsia S’pore country head promoted as CEO
      367 20  -  He’ll chart expansion of budget airline’s increasingly critical hub ops: group CEO By VEN SREENIVASAN [SINGAPORE] AirAsia has promoted Logan Velaitham as chief executive officer for its Singapore operations. Mr Logan was posted here in May as country head, tasked with expanding AirAsia’s
      367 words
    • Article
      Lock icon Oil tanker rates steady amid vessel glut, weak demand
      282 20 Bloomberg [LONDON] Hire rates for the largest oil tankers were little changed as a glut of vessels competing for cargoes contend with weak demand in the Middle East, according to Wells Fargo Securities. Charter costs for very large crude carriers hauling
      Bloomberg  -  282 words
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      Lock icon TRANSPORT STOCKS
      253 20 SGX '000 Aug 15 S$ +/-Vol CH Offshore 0.43 -0.01 137 Chuan Hup Hldg 0.24 unch 217 Cosco Corp 1.00 -0.02 3154 s$ First Ship Lea 0.15 unch 887 Freight Links 0.07 unch 3112 Grand Banks unch unch 0 Jaya Hold Ltd 0.54 0.01 142 K1Ventures 0.13 unch
      253 words
    • Article
      Lock icon $7m funding to train locals as marine engineering officers
      347 20  -  By LYNN KAN SINGAPORE has committed $7 million to train locals to man harbour craft that ply the waters in and around Singapore. The Maritime and Port Authority of Singapore, the Singapore Workforce Development Agency and training agency Employment and Employability
      347 words
    • Article
      Lock icon Baltic freight index continues slide
      323 20 Tepid demand for iron ore pulls down rates for all ships Reuters [LONDON] The Baltic Exchange’s main sea freight index, used to track rates for ships carrying dry commodities, fell further on Tuesday. The main index, which gauges the cost of shipping commodities including iron
      Reuters  -  323 words
    • Article
      Lock icon Maersk sees rate recovery, raises 2012 profit outlook
      627 20 Its Q2 earnings fall to US$965m from US$1.57b last year Reuters [COPENHAGEN] Shipping and oil group A.P. MollerMaersk raised guidance for 2012 earnings on Tuesday on prospects of a further recovery in container freight rates after its Maersk Line swung back to
      Reuters  -  627 words
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      Lock icon Embraer’s business jet simulator takes off
      402 20 Reuters [GUARULHOS, Brazil] Brazilian planemaker Embraer inaugurated the country’s first executive aviation simulator on Tuesday, part of the company’s push to boost sales in its lagging business jet unit through increased investment in services and support. Embraer’s executive aviation division has been struggling with
      Reuters; BLOOMBERG  -  402 words
    • Article
      Lock icon The Business Times Shipping Times
      1894 21 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
      1,894 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      313 20 CRYPTIC CROSSWORD Across 1 Riding with us (2,5) 5 Rages at new riot control measure (4,3) 9 Finished last of lasagna, food of Italian origin (5) 10 Inlaid work make sample (9) 11 Certain, after short time, to become fascinated (10) 12 Fine jet (4) 14 Concealed around new accommodation
      313 words
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      34 21 PLACE YOUR AD HERE The Business Times Shippi CALL JOE WOPi g times IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      32 21 Experienced ship maintenance £ndy h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES IIIL UUJINLJJ IIIVILJ Shipping Times
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  • EDITORIAL & OPINION
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      Lock icon Procuring the right mindset in public service
      479 22 EDITORIAL ANNUAL reports usually aren’t gripping reads. But there have been some rather surprising stories in the annual audits of public sector agencies by the Auditor-Gen-eral’s Office and Parliament’s Public Accounts Committee. And what has added to the intrigue perhaps (well, dismay and
      479 words
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      Lock icon Don’t worry, be happy: the power of positivity
      873 22  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. E-mail: david. mason466@btinternet.
      873 words
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      Lock icon Tokyo, Seoul steer clear of rocky dispute
      1032 22  -  S Korean president’s visit to disputed islets could be a macho gesture ahead of elections ANTHONY ROWLEY Tokyo Correspondent SUBTERRANEAN rumblings are nothing unusual in a chronically earth-quake-prone country such as Japan, but in the past week these rumblings have been more of
      AFP  -  1,032 words
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      Lock icon Solving Asia’s ‘creativity problem’
      983 23  -  Educators need to stimulate and reward curiosity, encourage risk taking or providing opportunities for discovery By THOMAS MENKHOFF The writer is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management University SOME Asian countries arguably have creativity and
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      Lock icon Put the hidden trillions to work
      866 23  -  Unreported income avoiding regular taxation is creating social distortions By FRANK-JURGEN RICHTER The writer is founder and chairman ofHorasis, a global business community THE Tax Justice Network commissioned James Henry to investigate offshore investment processes. He found that at least US$21 trillion has been
      BLOOMBERG  -  866 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2964 24 Transaction date: Aug 15 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 132 92.5 AIMSAMPIReit 128.5 +1.5 319 128.5 127 127 128.5
      2,964 words
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      Lock icon SGX CATALIST
      202 25 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.8 unch 100 1.8 1.8 1.8 1.9 23.8 Day Last Quote Div Gr Yld Net M
      202 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8003 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.96/ Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 0.9844/ Asian Smaller Cos''* 1
      8,003 words
    • Article
      Lock icon GLOBALQUOTE
      206 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 28.5 AVJennings A30.5 -0.5 3 30.5 30.5 31 40.5 3.6 11.5 2.4 79.4 41.5 25.5 Genting HK US$ US34.5 +1 8956 34.5 33 34 34.5 2271.7
      206 words
    • Article
      Lock icon SGX ETF
      930 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 126.8 122.2 CIMB APAC Div 100S$D 126.8 127.3 128.2 103 95.8 CIMB APAC Div 100US$ US102.1 101.7 102.3 10.7 1278 1246 CIMBASEAN40 100S$D 1278 1297
      930 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      632 26 Aug 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8960.28 8960.28 8866.06 Sep12 8940.00 8990.00 8855.00 8930.00 ***** *****4 Dec12 8875.00 8875.00 8820.00 8865.00 10 9967 MSCI TAIWAN INDEX FUTURES SPOT 265.64 265.64 263.52 Aug12 265.50 267.10 263.40 263.60 ***** *****8 Sep12 264.90
      632 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 14 Index Change Change Change Change Change Change World Preliminary 903.2 0.4 8.9 0.5 4.2 0.3 8.2 EAFE Preliminary 724.6 0.5 6.2 0.4 0.5 0.2 4.4 Europe Preliminary 1098.8 0.6 7.0
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      130 26 As on 14 August 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 538.25 532.55 537.35 569 INDIA GOLD (E-GOLD) FUT DEC2012 548.80 548.60 543.85 50 CURRENCY EUR-USD FUT SEP2012 1.2389 1.2322 1.2334 1142 BASE METAL COPPER FUT SEP2012
      130 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Aug 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1680.00 1656.25 1705.00 1659.25 Sep 12 1623.50 1622.25 1635.00 1610.25 Nov 12 1598.00 1600.75 1613.00 1587.00 Jan 13 1592.75 1595.75 1608.25 1581.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 52.83
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Aug 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.88 -0.06 WTI (Near Mth) 93.36 0.58 Dubai (1-Mth F) 108.83 -0.03 Tapis blend 116.88 -0.31 Minas 117.73 -0.31 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.56 -1.55 Jet Kerosene 129.75 0.51 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 26 Aug 15 S$ Aug s$ Bid Offer 1-month 1.2496 1.2504 2-months 1.2496 1.2504 3-months 1.2495 1.2503 6-months 1.2486 1.2494 Source:
      23 words
    • Article
      Lock icon LONDON METALS
      65 26 Aug 14 Aug Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1815.50 1816.00 3 months 1856.00 1857.00 Copper, Grade A(US$/tonne) Cash 7404.25 7382.25 3 months 7416.00 7395.00 Lead(US$/tonne) Cash 1845.00 1851.75 3 months 1855.00 1857.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon LIFFE
      80 26 Aug 14 COCOA (£/tonne) Close Prev High/Low Sep 12 1647 1623 1666/1633 Dec 12 1650 1624 1668/1634 Mar 13 1627 1601 1645/1611 May 13 1627 1600 1640/1610 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2070 2130 2135/2050 Nov 12 2093 2142 2147/2076 Jan 13 2080 2130 2133/2064 Mar 13 2072
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1146 26 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 1 146 456 6.75 21 Conv Ratio Exer Baker Technology Ltd W*****6 1.2 1 32 7 25.83 3 Prem Best World Intl Ltd W*****5 0.6 1 30
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Aug 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.655 0.849 8.111 58.068 99.357 0.826 11.823 3.276 1.301 98.641 44.212 1.307 8.587 1.019 31.358 32.997 0.667 1.046 Canada 0.963 6.406
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    • Article
      Lock icon SIBOR
      58 26 Aug 15 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      137 26 Aug 15 GOLD(US$/oz) Aug 15 Aug 14 Hong Kong 1606.00 1620.00 Aug 14 Aug 14 Aug 13 London 1600.46 1616.30 1601.23 1617.30 Source: Thomson Reuters CAST BAR Aug 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 438 321 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Aug 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15-Nov-12 0.24 0.20 0.18 6-Month BS*****S 07-Feb-13 0.25 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.05 5-Year N*****0Z 2.375
      88 words
    • Article
      Lock icon PALM OIL
      53 26 Aug 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2798.0 587 Sep 12 2803.0 2811.0 2812.0 2780.0 774 8979 Oct 12 2848.0 2858.0 2863.0 2826.0 ***** ***** Nov 12 2880.0 2891.0 2895.0 2862.0 6045 *****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Aug 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3061 1.3082 1.0452 1.0462 Canadian dollar 1.2576 1.2590 1.0068 1.0064 Euro 1.5398 1.5411 1.2322 1.2325 NZ dollar 1.0044 1.0057 0.8038 0.8043 Sterling pound 1.9577 1.9595 1.5667 1.5671
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.337 1.274 Can dollar 1.286 1.225 Euro 1.573 1.499 Sterling pound 1.991 1.915 NZ dollar 1.032 0.983 US dollar 1.265 1.217 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 26 Aug 15 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.15 US$ 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 1.05 0.85 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Action’s all downtown in Austin
      1176 27  -  Texas’ capital is witnessing resurgence as developers race to complete housing, hotels and offices to meet demand, reports MATT HUDGINS reportsMATT reportsMATT HUDGINS NYT [AUSTIN, Texas] MIT Sudharshan, 28, dons shorts and flip flops to walk the two blocks from his downtown apartment here to
      NYT; BEN SKLAR/THE NEW YORK TIMES  -  1,176 words
    • Article
      Lock icon Control of NYC’s Apthorp changes hands
      389 27 Major investor cedes daily decisions to another firm NYT [NEW YORK] The Apthorp apartment building has long been one of the city’s most famous structures, a heavy limestone behemoth built by the Astors in 1908, once home to Nora Ephron and Al Pacino. In
      NYT  -  389 words
    • Article
      Lock icon Househunt
      524 27 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN JULY 18 AND JULY 24, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 23/07/2012 99 700 1250 1786 Skysuites Anson Apt 18/07/2012 99 667
      524 words
    • Article, Illustration
      Lock icon Rooftop farming gaining ground in Hong Kong
      705 28 Locals growing wide variety of vegetables amid rising appetite for organic food AFP [HONG KONG] On the rooftop of a tower block above the hustle and bustle of teeming Hong Kong, dedicated growers tend to their organic crops in a vegetable garden. Against
      AFP  -  705 words
    • Article
      Lock icon Macau: land sale to Chinese Estates invalid
      489 28 Govt says illegal acts involved in deal with Joseph Lau firm Reuters [HONG KONG] Macau invalidated a land sale to Chinese Estates Holdings Ltd, controlled by billionaire Joseph Lau, and alleged that unlawful acts were involved in the deal, in the second high-profile
      Reuters  -  489 words
    • Article
      Lock icon Strategic Hotels to buy Essex House
      369 28 Reuters [NEW YORK] Luxury hotel owner Strategic Hotels Resorts Inc has agreed to buy Manhattan hotel Jumeirah Essex House for about US$375 million, two sources familiar with the matter said on Tuesday. The deal for the 509-room Art Deco hotel at 160 Central Park
      Reuters  -  369 words
    • Article, Illustration
      Lock icon Stratford City mall attracts 5.5m visits
      294 28 Reuters [LONDON] Stratford City, a mall sited by the main entrance to the Olympic Park in east London, attracted 5.5 million visits during the Games, Australian developer Westfield said, to be one of the biggest retail winners from the Olympics. The performance contrasted with
      Reuters; AP FILE PHOTO  -  294 words
    • Article
      Lock icon Luxury home prices, rents to go further south
      499 29  -  Average resale value down 2.9% in Q2 despite pick-up in sales volume By MICHELLE TAN PRICES of Singapore’s luxury prime properties continue to lose steam despite a pick-up in the segment’s sales volume in the second quarter, and this trend is likely
      499 words
    • Article, Illustration
      Lock icon Park Hotel to manage CES property
      464 29  -  Hotel is part of Chip Eng Seng’s mixed project in Alexandra By EINAB YUSUFSAIWALLA CHIP Eng Seng (CES) yesterday appointed Park Hotel Group (PHG) to manage its first hotel property, part of its mixed development project at the junction of Alexandra Road and Jalan
      464 words
    • Article, Illustration
      Lock icon Freehold Kovan residential site up for sale
      258 29  -  By MICHELLE TAN KOVAN Lodge one of the last few older freehold blocks on Kovan Road was put up for sale by tender yesterday. Comprising a total land area of 27,090 square feet, the residential-zoned site currently occupied by Kovan Lodge is said
      258 words
    • Article
      Lock icon CapitaMalls to open Bedok Mall by end-2013
      264 29  -  By ZEINAB YUSUF SAIWALLA BEDOK Mall, part of an integrated re-tail-residential-transport development in the East is set to open in the fourth quarter of 2013. About 30 per cent of the mall has been leased to tenants such as FairPrice Finest, Best Denki,
      264 words
  • Page 27 Advertisements
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      81 28 Castledon Partners An Australian based boutique real estate advisor Our services include: Shopping Malls Development projects Office Commercial buildings Independent investment, acquisition and development management DIRECTOR IN SINGAPORE 27TH 30TH AUGUST M +61 488 384 025 E enquiries@castledon.com.au W www.castledon.com.au 8 Nassim Hill Freehold, ready move in Foreigner eligible Agent
      81 words
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      Lock icon Page 28 Advertisements Column 2
      145 28 V More than 170 units sold NEW UNIT RELEASED! Studio from $1 .OXm 2-bedroom from 17XXpsf Johnny Seah 9180 4589 Freehold Residential Site SHAN GATE APARTMENTS 2 SHAN ROAD City fringe residential precinct Land size: 1,700.6 sq m (18,305 sq ft approx.) MP2008: GPR of 2.8; Up to 36 storeys
      145 words
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      Lock icon Page 28 Advertisements Column 3
      0 28 .>`-;"+&:<;=/-[@)_]$_}>;|)<{;>,
      0 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      230 29 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 Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Restaurants within Central
      230 words
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      Lock icon Page 29 Advertisements Column 2
      200 29 fifth Jones Lang (i) LaSalle SALE BY TENDER Real value in a changing world Rare Bungalow in Goldhill Enclave Freehold Unique Private Land: 995.2 sq m (approx. 10,712 sq ft) MR 2008: 2 storey mixed landed Surrounded by lush greenery Within 1km to SCGS and ACS Closing Date: 20 Sep
      200 words
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