The Business Times, 30 August 2012

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Microfilm: NL32203
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 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 30, 2012 THE BUSINESS TIMES
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  • Article, Illustration
    Lock icon Rolex, Patek call time on Sincere tie-up
    765 1  -  Iconic brands to end partnership with watch chain By CHUANG PECK MING [SINGAPORE] Amid the celebrations, came a shock. Hong Kong billionairess Chu Yuet-Wat’s joy at sealing a $232 million deal to buy Singapore-based luxury watch chain Sincere Watch has been tempered by
    ARTHUR LEE  -  765 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,041.57 (+1.50) GST INDEX FUTURES 3,039.00 (+2.00) GSIMSCI 349.42 (+0.92) GSIMSCI FUTURES 349.70 (+1.10) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.582 1.983 EURO (US$/S$/€) 1.256 1.575 Foreign currency per US$ S$ YEN 78.50 62.60 RM 3.121 2.490 HK$ 7.756 6.189 BAHT 31.32 24.99 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,645.58 -1.53 NIKKEI 225 9,069.81 +36.52 HANG SENG 19,788.51 -23.29 SET INDEX 1,220.16 -13.00 JAKARTA COMP 4,093.17 -49.68 MANILA COMP 5,195.72 +20.10 SEOUL COMP 1,928.54 +12.21 SHENZHEN B 576.31 -1.93 MUMBAI IND 17,490.81 -140.90 Noon EDT Change DOW 13,106.48 +3.49 NASDAQ 3,077.04 -0.10
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.277 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Land lots to be acquired for new line
    749 1  -  Pearls Centre, and some landed properties among those affected By NISHA RAMCHANDANI, MINDY TAN [SINGAPORE] The $18 billion Thomson Line will see its first phase commencing in 2019, one year later than originally expected under the 2008 Land Transport Masterplan. To make
    Source: LTA, SLA, URA  -  749 words
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      12 1 COMPANIES Loyz Energy secures breakthrough US deal PAGE 10 8 *****1 *****4
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      41 1 S’PORE NEWS CDL to sell huge Kranji industrial plot for $240m PAGE 13 Retail and office sectors in S’pore and Bangkok are seen driving interest in Asian real estate investment despite a global slowdown. Read full report on BTInvest at www.btinvest.com.sg.
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      108 1 COMMENTARY Creating wealth based on knowledge PAGE 25 PROPERTY Pricing of industrial space baffles newbies PAGE 33 Unleash your creativity. Experiment with your space. This is your home. Gallery. Workplace. Create something extraordinary. Now is the time to explore. Play. Expand your vision. ci i' iJt i- m Far East
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      377 2 Rolex, Patek call time on Sincere tie-up HONG Kong billionairess Chu Yuet-Wat’s joy at sealing a $232 million deal to buy Singaporebased luxury watch chain Sincere Watch has been tempered by a bombshell. Rolex and Patek Philippe have served notice that they no longer want Sincere as their
      377 words
    • Article, Illustration
      Lock icon Sundaresh Menon takes over as CJ from Nov 6
      595 2 Chan Sek Keong retiring, after serving 6 years as Chief Justice [SINGAPORE] Judge of Appeal at the Supreme Court Sundaresh Menon will become Chief Justice from Nov 6 the same day that the current Chief Justice Chan Sek Keong retires after
      595 words
    • Article
      Lock icon Directors seek seized Profitable Plots papers
      492 2  -  By JOYCE HOOI [SINGAPORE] Even as the number of cheating charges at stake has fallen for the three directors of Profitable Plots, a tussle over papers has emerged. The trio asked the High Court yesterday for access to certain documents or their copies that
      492 words
    • Article
      Lock icon Q2 GDP growth revised up to 1.7%
      474 2 LATEST US DATA [WASHINGTON] The US economy fared slightly better than initially thought in the second quarter, but the pace of growth remained too slow to shut the door on further monetary easing from the Federal Reserve. Gross domestic product expanded at a
      474 words
    • Article, Illustration
      Lock icon Romney officially nominated, GOP lashes out at Democrats
      585 2 WP [TAMPA, Florida] The Republican Party on Tuesday formally bestowed its presidential candidate nomination on former Massachusetts governor Mitt Romney, launching its convention here with two goals: to make the GOP contender more appealing, and to sharpen the case against giving President
      WP  -  585 words
    • Article
      Lock icon DBS ups FD rates as its deposits dip in Q2
      457 4  -  Move seen as a response to deposit competition in the market By SIOW LI SEN [SINGAPORE] DBS Bank has jacked up its fixed deposit (FD) rates in a bid to retain its customers. Since Aug 15, Singapore’s biggest bank has
      457 words
    • Article, Illustration
      Lock icon US goes all out to woo investments from Singapore
      546 4  -  Republic identified as one of fastest growing FDI sources By CHUANG PECK MING [SINGAPORE] Singapore is small but its pool of funds is big enough to draw President Barack Obama’s new chief investment officer over to woo investors. While the United
      YEN MENG JIIN  -  546 words
    • Article
      Lock icon Little real consumer impact from Apple-Samsung fight
      716 4  -  By VICTORIA HO [SINGAPORE] The outcome of Samsung’s expensive defeat to Apple probably won’t be felt by consumers, industry watchers say. Last Friday, a Californian jury awarded Apple a US$1.05 billion settlement from Samsung in a patent infringement. The hearing is part of
      716 words
    • Article, Illustration
      Lock icon Mall owners will gain from Carrefour exit
      534 4  -  By FELDA CHAY [SINGAPORE] Carrefour’s impending departure will leave vast amounts of space that its two current homes Suntec City and Plaza Singapura will have to fill. But market experts believe the vacated premises will be taken up quickly, and at more attractive
      534 words
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      170 2 www.comexshow.com.sg Join us at THE BIGGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE 30th AUGUST 2nd SEPTEMBER 2012 SUNTEC SINGAPORE 12 NOON 9 PM DAILY FREE ADMISSION Guaranteed over S$90,000 CASH to be won in 4 days S$2,000 CASH Win hourly from 1 9 pm daily PLUS the Grand
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      154 4 Our Execu A MB diluted Chicago MBA. ive am is As you weigh the merits of Executive MBA programs, use the right benchmarks. Our program may be concentrated to fit the needs of working professionals, but it’s “pure Chicago” in every way —same world-class faculty, same question-every-answer approach. Find out
      154 words
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      825 5 On 16 February 2011, the IBM computer Watson rang in with the correct response (Who is Bram Stoker?) to the final clue, winning a challenge against two human champions of the TV quiz show Jeopardy! It was a rare pop culture moment for a project that began deep within IBM
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  • COMPANY NEWS
    • Article
      Lock icon Hanwell, Oei explain why Intraco deal was called off
      629 6  -  Trading in Hanwell and Intraco halted, leaving shareholders in a limbo By KENNETH LIM AN unmet condition that scuttled a proposed deal between Hanwell Holdings and Oei Hong Leong was introduced by the tycoon only after a rival bid was turned
      629 words
    • Article
      Lock icon SembMarine wins Brazil deal worth US$674m
      425 6  -  By LEE MEIXIAN SEMBCORP Marine has clinched a US$674 million contract to carry out work for two floating production storage and offloading vessels (FPSOs) in Brazil. The deal, secured through its Brazilian unit, Jurong do Brasil Prestacao de Services Ltda (JDB), requires it to
      425 words
    • Article, Illustration
      Lock icon Thais eyeing a bigger gulp of Heineken’s cash
      353 6  -  REUTERS BREAKINGVIEWS By WAYNE ARNOLD [HONG KONG] Thai beer mogul Charoen Sirivadhanabhakdi has worked out a way to chug down even more of Heineken’s cash. His company, Thai Beverage, has again hiked its stake in Singapore’s Fraser Neave (F&N). It may look
      353 words
    • Article, Illustration
      Lock icon Loyz Energy secures breakthrough US deal
      704 10  -  Contract signed with tech partner Rex and Norway’s Fram to drill 80 US onshore wells By ANGELA TENG LOYZ Energy has clinched a milestone exploration and production (E&P) deal. The Singapore-based upstream energy company said the deal is its first major onshore agreement as
      FILE PHOTO  -  704 words
    • Article
      Lock icon Lum Chang full-year profit rises 31% to $21m
      291 10  -  By ANDREA SOH LUM Chang Holdings’ full-year earnings rose 31 per cent, boosted by the sale of its investment in commercial development Twenty Anson and the start of revenue recognition for two construction projects. The construction and property-related business group recorded $21
      291 words
    • Article
      Lock icon IHH shares surge to one-month high
      460 10 Bloomberg [KUALA LUMPUR] IHH Healthcare Bhd, the world’s second-biggest health-care provider by market value, rose the most in a month after reporting a fivefold jump in secondquarter earnings. The stock climbed 1.9 per cent to close at RM3.17 in Kuala Lumpur trading, its biggest
      Bloomberg  -  460 words
    • Article
      Lock icon JP Morgan Asset Mgt launches two funds
      355 12  -  Asia Pacific Income Fund, Global Income Fund aimed at S’pore retail market By GENEVIEVE CUA RISK-AVERSION remains high but so is the appetite for income. JP Morgan Asset Management has launched two new funds for the Singapore retail market: the Asia Pacific Income
      355 words
    • Article
      Lock icon HK takes E&Y to court for China client’s files
      738 12 Reuters [HONG KONG] Hong Kong’s securities regulator, in an unprecedented move, has taken Ernst Young to court after the audit giant failed to turn over accounting records related to a former China-based client. The auditor now faces the dilemma of whether
      Reuters  -  738 words
    • Article
      Lock icon Keppel’s $300m 30-year notes
      252 12  -  The longer-dated maturity issue a break from norm By LYNN KAN KEPPEL Corporation has issued $300 million worth of 30-year senior unsecured fixed rate notes, breaking ranks with corporate-bond issuers before it with its longer-dated maturity. The notes will pay out 4 per cent a year
      252 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sembcorp in urban development venture
        81 12 SEMBCORP Industries’ wholly owned subsidiary, Sembcorp Development (SemDev), is co-developing an 860-hectare urban development in Kendal Regency, Central Java, Indonesia. SemDev’s newly incorporated wholly owned unit, Sembcorp Development Indonesia, signed a joint venture agreement with PT Grahabuana Cikarang (GBC). GBC is wholly owned by PT
        81 words
      • Article
        Lock icon Guocoland Q4 profit jumps 47%
        92 12 GUOCOLAND Limited reported a 47 per cent year-on-year increase in net profit to $62.99 million for the fourth quarter ended June 30, 2012 but its full-year earnings dropped 48 per cent to $63.2 million. Q4 other income decreased by 82 per cent to $11.5 million
        92 words
      • Article
        Lock icon AusGroup Q4 profit soars 88%
        48 12 AUSGROUP Limited reported an 88 per cent year-on-year jump in net profit to A$8.25 million (S$10.72 million) for the fiscal fourth quarter ended June 30, 2012. Turnover rose 18 per cent year-on-year to A$175.35 million, on higher activity in the major projects segment.
        48 words
      • Article
        Lock icon Yongnam wins $21.3m deal in Malaysia
        79 12 YONGNAM Holdings said it has secured a $21.3 million contract to supply, fabricate, surface-treat and deliver 7,000 tonnes of structural steel for a belt conveyor structure for German company Beumer Maschinenfabrik GmbH Co KG in Malaysia. The project the firm’s first significant project in
        79 words
      • Article
        Lock icon Koon buys properties at Sixth Lok Yang Rd
        88 12 KOON Holdings is buying two properties at Sixth Lok Yang Road for $8.8 million. The properties have a gross land area of 181,000 sq ft and a gross built-up area of 90,000 sq ft. There is a two-storey office building, an ancillary
        88 words
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      708 6 Legend of the Seas 2012/2013 2N MALACCA CRUISE Dep Date 03 Nov 2012,06 Feb, 23 Mar 2013 Port-of-call Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date 31 Oct, 09, 16, 23 30 Nov, 07, 14&26 Dec 2012 Port-of-call Singapore, Penang, Malacca Dep Date 22 Feb, 01,08 29 Mar 2013
      708 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Drift ahead of Fed chief’s comments
      600 8  -  ST Index moves within a narrow band as traders weigh whether to go short or long STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday drifted within a narrow band as traders debated whether to go short or long ahead of US Federal
      Source: Bloomberg  -  600 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Aug 29 VALUE CLOSE BT OB/OS -61.00-134.00 BT CADI -*****.00 +28.00 BT 10-day MA -*****.00 -6.00 FTSE ST Mid Cap 716.34 +2.96 FTSE ST Small Cap 465.59 -0.51 FTSE ST All Share 738.10 +0.75 FTSE ST China Top 200.36 -0.86 FTSE ST China 219.76 -0.40 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Goldtron 66,504,000 GSH Corp 56,116,000 Dyna-Mac 49,456,000 EMS Ener 49,417,000 Far East HTrust 49,025,000 Noble Grp 34,390,000 Olam 34,259,000 Golden Agri 33,964,000 Sakari 33,170,000 Blumont 28,891,000 VALUE($) Olam 66,725,740 Sakari 63,033,740 Far East HTrust 48,349,960 UOB 47,893,130 DBS Grp 46,640,680 Noble Grp 42,348,075 Genting SP 36,074,167
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 4 6 0 0 0 4 4 6 Manufacturing 42 50 47 5 6 7 47 56 54 Commerce 29 20 10 3 2 3 32 22 13 Tpt/Stor/Comms 16 19 7
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      748 8  -  Compiled by LYNN KAN Sembcorp Marine Aug 29 close: S$5.02 Credit Suisse Research, Aug 29 SEMBCORP Marine has secured a contract worth US$674 million from Petrobras for the fabrication and integration of topside modules on the FPSO P-68 and P-71. Petrobras has an option for a similar contract
      Source: Bloomberg  -  748 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,051 13,051 58,591 58,591 Manufacturing 170,975 101,844 272,819 144,864 1,373 146,237 Commerce 198,294 3,166 201,460 148,486 742 149,228 Tpt/Stor/Comms 70,802 16,513 87,315 90,090 4,922 95,012 Finance 44,105 2,280 46,385 131,443 969 132,412 Construction 56,147 1,274
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.635 -0.015 CapitaLand 3.050 +0.020 CapitaMall 1.950 +0.010 CityDev 11.590 +0.050 ComfortDelGro 1.640 +0.010 DBS Grp 14.620 +0.120 F&N 8.320 +0.020 GLP 2.410 -0.010 Genting SP 1.360 Golden Agri 0.720 +0.005 HK Land 6.100 JMH 53.500 -0.880 JSH 33.410 -0.290 Jardine
      110 words
    • Article, Illustration
      Lock icon Euro losses limited by ECB bonds hopes
      438 8 CURRENCIES Reuters [NEW YORK] The euro declined against the US dollar yesterday, reversing some of the previous session’s gains, though losses were limited by optimism that the European Central Bank (ECB) will act decisively to tackle the debt crisis. Major currencies held in
      Reuters; REUTERS  -  438 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP GLD 10US$ ***** 50.1 0.2 Jardine C&C 4730 45.0 1.0 DBXT MSKorea 10US$ 5545 32.6 0.5 DBXT MSJAP 10US$ 3546 18.8 0.4 DBXT FTVietnam 10US$ 2110 17.5 0.7 DBXT MSPacExJp 10US$ 441 16.3 3.0 DBS Grp 1462 12.0 0.8 DairyFarm 1089 10.0 0.7 Vicom 466
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    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN JMH 5350 -110.3 -1.6 IS DJ US Tech 7595 -79.0 -0.8 IS S&P500 ***** -72.7 -0.4 DBXT FTChina25 10US$ 2568 -45.1 -1.4 DBXT Nifty 10US$ 9719 -42.6 -0.3 DBXT MSINDO 10us$ 1426 -38.9 -2.1 JSH 3341 -36.3 -0.9 UOB 5.05%NCPS 100 ***** -30.0 -0.3 Lyxor
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      148 9 140 BHP ML TURBO 6 a litres •O /100KM 111 sir I '-.rWbs ■'"i" aSl v- f fil Hi i« si/ &>> v5*T a SSSS ri: gasss v •SA >^v> 3)2? mt istfil ~--3;—■ -'.CHi lllll? ss ■SSsjw. a!KJ* IP IMS w? < *5H iisgssg vSir S3S& m sa&-> s
      148 words
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      1343 10 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SUMITOMO MITSUI TRUST BANK, LIMITED (Incorporated in Japan with Limited Liability) Consolidated Balance Sheet As at March 31, 2012 Independent Auditors' Report To the Board of Directors of Sumitomo Mitsui Trust Bank, Limited: We have audited the accompanying consolidated financial statements of Sumitomo
      1,343 words
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      398 11 Enjoy a position oj van tage come what may Wherever life takes you, you can still have the upper hand. That's why we developed PRUCrisis Cover Vantage to supplement the PRUVantage suite of Wealth Management Products. As one of the market leaders in critical illness protection. Prudential is the first
      398 words
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      25 12 Address Usage Approximate Floor Area (sqm) Approximate Land Area (sqm) Tenure (years) 7, 9, 13 Buroh Street B2 710 to 1,000 234 to 347 30
      25 words
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      69 words
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      71 12 BRAND NEW LOOK! ■RAND NEW LOOK! PLUS 810,000 GIVEAWAY 30 DAYS TO A 6-PACK ROCK-SOLID ABS IN RECORD TIME! BEDROOM CHEMISTRY ONE FORMULA, MULTIPLE SEXPLOSIONS! STYLE YOURSELF FIT mm t TRAIN EASIER RUN FASTER! THEULTIMA NO-GYM WORKOUT ARMOUR UP YOUR HEART WITH STEAKS BEER EASY! CHEATSHEET ONPIOO FLABBURNING ■SUPERFOODS V
      71 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon CDL to sell huge Kranji industrial plot for $240m
      533 13  -  Buyers of freehold site, held with Hong Leong sister unit, linked to BS Capital By KALPANA RASHIWALA CITY Developments Ltd (CDL) and an unlisted sister company in the privately held Hong Leong Group are understood to have inked a deal to
      Source: onemap.sg  -  533 words
    • Article, Illustration
      Lock icon A fine evening of sake appreciation
      293 13  -  By TOH LI WEN AT The Business Times’ Sake Night held at Magosaburou Ion Orchard, guests enjoyed sake paired with a selection of Japanese dishes including the restaurant’s signature barbequed beef. Sake featured prominently during the night. Janson Chua, a sales executive at sake
      ARTHUR LEE  -  293 words
    • Article
      Lock icon New post-uni internal auditor course next April
      417 13  -  Professional course will go beyond CIA, having Asian focus By LYNN KAN SINGAPORE is rolling out a new post-university certification programme designed for internal auditors next April that will carry a decidedly Asian flavour. The professional internal auditor programme aims to go beyond
      417 words
    • Article, Illustration
      Lock icon IE S’pore, IFC join hands to promote tie-ups with Africa
      469 13  -  MOU encourages sharing of business leads, market intelligence AFRICA-SINGAPORE BUSINESS FORUM Reports by LEE U-WEN INTERNATIONAL Enterprise (IE) Singapore is signing a new agreement with the International Finance Corporation (IFC) to facilitate closer business tie-ups between Singapore and Africa. The
      469 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Industrial site at Yishun put up for sale
        111 13 THE Urban Redevelopment Authority (URA) launched an industrial site at Yishun Avenue 9 (Parcel 6) for sale by public tender yesterday, following an application from a developer to bid not less than $14.2 million about two weeks ago. The land parcel was
        111 words
      • Article
        Lock icon URA awards industrial site tender to Soilbuild
        53 13 THE Urban Redevelopment Authority (URA) has awarded the tender for an industrial site at Bukit Batok Street 23 to Soilbuild Group Holdings Ltd. The company submitted the highest bid of $32.3 million, or $80.03 per square foot per plot ratio, in the tender
        53 words
    • Article, Illustration
      Lock icon CSR projects a big draw for Gen Y workers
      561 13 Corporate giving seen helping with branding, reputation MORE workers here, particularly those from Generation Y, expect their companies to be involved in corporate social responsibility (CSR) projects. This was the view of National Volunteer and Philanthropy Centre chief executive Laurence Lien,
      561 words
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      98 13 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 03 September 2012 Tenor Approximately 15 years Total Amount Allotted SGD 1,500,000,000 Amount Allotted to Non-Competitive Applications SGD 312,641,000 Amount Allotted to MAS SGD 200,000,000 Total Amount Applied SGD 3,045,257,000 Coupon Rate
      98 words
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      59 14 WITH CREDIBLE PROPERTY REVIEWS, THE LATEST PROPERTY TRENDS AND ADVANCED SEARCH TOOLS BASED ON PRICE. SIZE AND TYPE. FINDING YOUR IDEAL HOME IS EASY. A product of SPH, Singapore’s trusted media group. At stproperty.sg your ideal home isn’t hard to find. The STProperty App for iPhone and iPad is free
      59 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Good graduates not easy to find in Indonesia
      707 15 Its universities have poor facilities and don’t produce competent employees AFP [JAKARTA] Indonesia’s creaking university system is failing to keep pace with its booming economy, struggling to produce graduates equipped for modern working life in the country. Investors have flocked to the
      AFP  -  707 words
    • Article
      Lock icon Iskandar CEO counts on hitting RM100b target
      412 15 Reaching milestone by year-end will be a coup: Ismail [JOHOR BARU] Iskandar Regional Development Authority (Irda) is confident of breaching the RM100 billion (S$40 billion) mark in cumulative committed investments by the end of the year, according to Malaysian daily The Star. Chief
      412 words
    • Article
      Lock icon Sime net dips 16% on lower palm oil prices
      378 15 Bloomberg [KUALA LUMPUR] Sime Darby Bhd, the world’s biggest listed palm-oil producer, said fourth-quarter profit fell 16 per cent after fetching less for its edible oil. Net income fell to 1.1 billion ringgit (S$441 million), or 18.3 sen a share, in
      Bloomberg  -  378 words
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      439 15 ExhiBiTionLaunCh FRiDaY7Th-SunDaY9Th SEPTEMBER 11am 7pm THe ReGeNT SiNGAPORe Boardroom ii iii, Level 3 1 Cuscaden Road, Singapore *****5 Ballymore’s finest tower on the River Thames next to Canary Wharf Luxury suites, 1, 2 3 bedroom apartments and penthouses available Residents-only exclusive 43rd floor 360 degree panoramic Sky Lounge and Terrace
      439 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Retail sales in China losing momentum, blow for Wen
      704 16 Trend hurts goal of relying on consumer spending to boost China’s economy Bloomberg [BEIJING] China’s retailers from clothing to computers are reporting weaker sales growth, undermining Premier Wen Jiabao’s goal of relying more on consumer spending for expansion as the economy
      Bloomberg; AP  -  704 words
    • Article
      Lock icon PBOC uses subtler tools to support liquidity, lending
      648 16 Reuters [SHANGHAI] China’s central bank is experimenting with more delicate tools to support bank liquidity and lending, showing an apparent reluctance to resort to blunter monetary policy instruments such as cutting the amount of cash banks must hold as reserves despite abundant
      Reuters  -  648 words
    • Article
      Lock icon China policies working, economy stabilising
      300 16 Reuters [BEIJING] China’s economy is stabilising slowly as pro-growth government policies gain traction while real estate curbs have surpressed speculation, the head of the country’s top planning agency, the National Development and Reform Commission (NDRC), said yesterday. Zhang Ping told a meeting of the National
      Reuters  -  300 words
    • Article
      Lock icon India to post dismal GDP data: analysts
      628 16 Industrial growth is flat, inflation is high and government is paralysed, they say AFP [MUMBAI] India is set to announce dismal new economic growth figures tomorrow, with expansion in the April-June quarter forecast at near nine-year-lows. “The numbers will be bad,” Siddhartha Sanyal,
      AFP  -  628 words
    • Article
      Lock icon Ex-IMF economist Rajan spells hope for India economy
      349 16 Bloomberg [NEW DELHI] India named Raghuram Rajan, a former International Monetary Fund chief economist, the top adviser in the Finance Ministry as it tries to boost faltering growth. Mr Rajan becomes the ministry’s chief economic adviser, its spokesman D S Malik said
      Bloomberg  -  349 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon More austerity ahead in UK’s bid to cut deficit
      768 17 Widespread cuts to spending, benefits more painful to voters than tax hikes [LONDON] Two years into an unpopular austerity programme, recession and bleak public borrowing figures have heaped pressure on Britain’s government to change course. The cuts have been so painful
      REUTERS  -  768 words
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      Lock icon BOT sees scope for rate cuts as EU crisis grows
      582 17 Europe is Thailand’s biggest concern in 2012-2013, it says Bloomberg [BANGKOK] Thailand has room to cut interest rates to protect its economy as the worst of the impact from Europe’s sovereign-debt crisis is yet to come, central bank governor Prasarn
      Bloomberg  -  582 words
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      280 17 off 2 nd item 25% off 1 st item Plus $7 00 ENDING SOON! voucher Conditions apply 6281 5688 or 675', n I'H LIVE WELL m NUS National University of Singapore Strategic Technology Management Institute School of Computing NATIONAL INFOCOMM COMPETENCY FRAMEWORK Jointlv develooed bv IDA and WDA Master Certificate
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  • WORLD
    • Article, Illustration
      Lock icon Markets staying calm till Draghi speaks
      723 18 But patience limited and failure to unveil bond purchase soon will spark sell-off Reuters [LONDON] Investors have put their faith in the European Central Bank’s ability to get on top of the eurozone debt crisis and even if detailed plans take longer to materialise
      Reuters; AFP  -  723 words
    • Article
      Lock icon France debt seen as significantly overvalued
      394 18 Investors told to be wary in view of the country’s business, economic conditions Bloomberg [NEW YORK] Investors seeking to cut risk in Spain and Italy are paying too much for French sovereign debt, a unit of Warren Buffett’s Berkshire Hathaway Inc said. “France is
      Bloomberg  -  394 words
    • Article, Illustration
      Lock icon Isaac lashes New Orleans on Katrina anniversary
      540 18 People in low-lying Louisiana and Mississippi have been told to leave AP [NEW ORLEANS] Hurricane Isaac lashed New Orleans as it approached the storied city yesterday morning exactly seven years after the devastating Katrina, knocking out power to hundreds of thousands and pushing
      AP; AFP  -  540 words
    • Article
      Lock icon Money, jobs transfers key to eurozone unity
      699 18 IHT [PARIS] French automaker Peugeot is preparing to slash thousands of jobs in the Paris suburbs. The Portuguese textile industry is struggling to defend its few remaining mills from Asian competition. German investors are pouring billions into Eastern European nations such as neighbouring
      IHT  -  699 words
    • Article
      Lock icon Barclays may face criminal probe on Qatar fees
      499 19 Serious Fraud Office could inform bank of its decision this week: sources Bloomberg [LONDON] UK fraud prosecutors may open a criminal probe as soon as this week into payments that Barclays plc made in 2008 to Qatar’s sovereign wealth fund as the
      Bloomberg  -  499 words
    • Article, Illustration
      Lock icon Why can’t the guys just shut up, ask GOP women
      717 19 Candidates told to avoid women’s issues, focus on jobs Reuters [TAMPA, Florida] Republican women attending the national convention this week are fed up with talk that their party is waging a “war on women”, and some say it doesn’t help
      Reuters; PHOTO: REUTERS  -  717 words
    • Article
      Lock icon TSMC rejects Apple’s bid for exclusive chip supply
      501 19 Apple, Qualcomm were ready to invest in chipmaker if it set aside plant only for their chips Bloomberg [SAN FRANCISCO] Apple Inc and Qualcomm Inc were rebuffed in separate attempts to invest cash with Taiwan Semiconductor Manufacturing Co in a bid to
      Bloomberg  -  501 words
    • Article
      Lock icon UK mulls easing rules to attract tech-startup IPOs
      786 20 It may cut from 25% to 10% minimum stake IPO candidates are required to sell Bloomberg [LONDON] Britain is considering new rules that would make the London Stock Exchange more attractive to tech startups. Taking a page from the Jumpstart Our Business
      Bloomberg  -  786 words
    • Article, Illustration
      Lock icon Paulson more aggressive, clients told
      589 20 Bank of America director describes hedge-fund manager this way: source Bloomberg [NEW YORK] John Paulson, the billionaire hedge-fund manager coming off record losses in 2011, is a more aggressive risk-taker than his peers, Spencer Boggess, Bank of America Corp’s director of hedge-fund investments, has told
      Bloomberg  -  589 words
    • Article, Illustration
      Lock icon Japan may scrap nuke power due to public pressure
      627 20 Reuters [TOKYO] Japan’s government, wary of public opinion ahead of an election, is leaning toward setting a target to eliminate atomic power by 2030 a major policy shift for an economy that had planned to boost the role of nuclear energy
      Reuters; REUTERS  -  627 words
    • Article, Illustration
      Lock icon Japan tycoon sues Wynn for US$140m
      369 20 Reuters [HONG KONG] Kazuo Okada, the Japanese billionaire embroiled in a legal fistfight with former partner and chairman of Wynn Resorts, Steve Wynn, on Tuesday filed a defamation lawsuit in Japan against the casino company and its officials. Mr Okada, who submitted the filing
      Reuters  -  369 words
    • Article, Illustration
      Lock icon Aussie mining slowdown casts pall over economy
      1657 22 Consumers holding more debt than Americans at height of mortgage bubble Bloomberg [SYDNEY] Australia, known as the lucky country for its resource abundance and temperate climate, is about to find out how long its latest winning streak will last. BHP Billiton Ltd, the
      Bloomberg; BLOOMBERG  -  1,657 words
    • Article, Illustration
      Lock icon Daikin to buy US rival Goodman Global
      743 22 Bloomberg [TOKYO] Daikin Industries Ltd, the world’s largest air-conditioner maker, will acquire US competitor Goodman Global Inc for US$3.7 billion to expand its residential heating and cooling business in North America. The companies and Goodman owner Hellman Friedman LLC signed an agreement yesterday
      Bloomberg; REUTERS  -  743 words
    • Article
      Lock icon ING may sell HK business in separate deal
      422 22 Consortium led by Richard Li said to be leading contender Reuters [HONG KONG] ING is exploring a separate sale of its roughly US$1 billion Hong Kong insurance business, sources said yesterday, a move that could further complicate the auction of its Asian
      Reuters  -  422 words
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      978 18 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro Corporation *****63 Peter Koh Song Khim, 2,673 Limited deceased NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no
      978 words
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  • Page 19 Advertisements
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      179 19 Star Buys 0 TRIPLE STRENGTH FISH OIL DIETARY SUPPLEMENT 900 mg total omega-3 tatty acids in a single sottgel Supports heart health* Helps maintain healthy cholesterol and blood circulation* Promotes joint, brain and skin health* Purified Controls fishy burps' 60 SOFTGELS Enteric Coaled Usual: $70.95 GNC WOMEN'S Bone density enhancing
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      23 20 m SINGAPORE'S HOTTesr HITS u t: V m ijM A v a* V HEAR ONe&(f£CT(OM'S HOTTEST HITS ON HOT FM 91.3 iS A
      23 words
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      33 20 EXCLUSIVE INTERVIEW CITIZEN NATHAN SAIF TALKS ABOUT MARRIAGE AND KAREENA It’s been a year since he stepped down as President of Singapore GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      5239 21 VOLUNTARY UNCONDITIONAL CASH OFFER by DBS BANK LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: *****0306E) for and on behalf of LUYE PHARMACEUTICAL INVESTMENT CO., LTD. (Incorporated in the Cayman Islands) (Company Registration Number: *****2) to acquire all the issued and paid-up ordinary shares in the capital of
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      682 23 Print media continues strong showing at SPH imk Awaras If the recent SPH link Awards is anything to go by, print media continues to be the mainstay of advertising in Singapore despite the growing popularity of digital advertising. Newspapers still serve as a relevant and effective platform for showcasing creativity
      682 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Growing solidly at 55 – Malaysia boleh!
      485 24 Growing solidly at 55 Malaysia boleh! EDITORIAL MALAYSIA turns 55 tomorrow. It has done fairly well, judging from broad socio-economic parameters. Life expectancy (73 years for men, 76 for women) has shot up. Infant mortality is on par with developed countries and people have generally grown wealthier: the country’s GDP
      485 words
    • Article, Illustration
      Lock icon Strong yen in for the long haul – don’t bet against it
      840 24  - Strong yen in for the long haul don’t bet against it THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent LIKE the hot and humid Japanese summer, which seems to be unrelenting and unending this year, the tyranny of the strong yen is beginning to seem likely to continue almost indefinitely, and
      840 words
    • Article, Illustration
      Lock icon A guide to China’s changing of the guard
      1082 24  -  Likely new Communist Party head Xi Jinping and team could chart new direction for China REUTERS BREAKINGVIEWS By JOHN FOLEY CHINA’S once-in-a-decade political changeover is almost here. Unlike the US presidential race, there won’t be televised debates, nail-biting final counts or star-studded
      AFP  -  1,082 words
    • Article, Illustration
      Lock icon Creating knowledge-based wealth
      1244 25  -  If we fail to mobilise our universities, Singapore will quickly revert to the stagnant trade-burdened economy of the 1950s By NGIAM TONG DOW The writer is a former permanent secretary who has served in several ministries and statutory boards, as well as corporate boards. The speech was
      AFP  -  1,244 words
    • Article, Illustration
      Lock icon What Summers doesn’t say speaks volumes
      842 25  -  ROBERT SAMUELSON The Washington Post Writers Group LARRY Summers knows better. In a column in the Washington Post and Financial Times, the US treasury secretary under president Clinton and former adviser to President Obama shows why the federal government is destined to expand, regardless
      The Washington Post Writers Group; AP  -  842 words
    • Article
      Lock icon F&N repayment to shareholders unattractive
      241 25  -  LETTER TO THE EDITOR Mano Sabnani FRASER and Neave, the subject of interest of the Thai Beverage group and Heineken, has proposed to return some $4 billion to its shareholders via a capital repayment exercise should the proposed sale of its beer business be approved.
      241 words
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      103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon DP World H1 profit edges 0.4% higher
      521 26 Port operator beats forecasts, rakes in US$246.8m earnings Bloomberg [DUBAI] DP World Ltd, the world’s third-biggest port operator, said first-half profit rose 0.4 per cent helped by growth in Africa, the Middle East and South America. Net income attributable to owners of the
      Bloomberg; BLOOMBERG  -  521 words
    • Article, Illustration
      Lock icon AirAsia brings forward plane deliveries
      621 26 Rising demand helps offset high fuel costs hurting industry Reuters [KUALA LUMPUR] AirAsia Bhd, Asia’s largest budget airline and a key customer of European planemaker Airbus, says it is bringing forward some plane deliveries as rising demand helps it to offset the high fuel costs
      Reuters  -  621 words
    • Article
      Lock icon Air China H1 profit plunges 77%
      323 26 AP [HONG KONG] Air China Ltd has become the latest major Chinese company to report a steep drop in first-half profit, as income plunged 77 per cent because of the slowing economy, heightened competition and rising jet fuel costs. The carrier, one of China’s
      AP  -  323 words
    • Article
      Lock icon Back Heathrow runway now, Cameron urged
      649 26 It will create jobs and boost trade and economy, say business groups AP [LONDON] Prime Minister David Cameron is facing heat from his own Conservative party over the subject of building a third runway for London’s beleaguered Heathrow Airport. “The prime minister must ask
      AP  -  649 words
    • Article
      Lock icon China Southern to fly A380 overseas
      234 26 Bloomberg [HONG KONG] China Southern Airlines Co will fly Airbus A380s on a Beijing-Paris route beginning in October, ending a year-long wait to use superjumbos on international services from the Chinese capital. The Paris route, which will require two A380s, will be operated with
      Bloomberg  -  234 words
    • Article
      Lock icon The Business Times Shipping Times
      1930 27 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 Destination STXPO
      1,930 words
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      314 26 CRYPTIC CROSSWORD Across 1 Pastime in which jazz fans rock (4-6) 6 Virginia goes east of Jamaica to arrive at another island (4) 9 Weak father’s trouble (5) 10 Poor reception that comes after a roasting? (9) 12 We say he spilled rubbish (7) 13 Vehicle comes in silver, not
      314 words
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      34 27 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
      34 words
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      Lock icon Page 27 Advertisements Column 2
      30 27 Experienced sh/p maintenance m you y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES III. UUJINLJJ IIIVILJ Shipping Times
      30 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3010 28 Transaction date: Aug 29 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 Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 132 92.5 AIMSAMPIReit 132 +1 537
      3,010 words
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      Lock icon SGX CATALIST
      187 29 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 Net M Cap High Low Code Company Sale ('000) High Low Buyer Seller C'vr
      187 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      7877 29 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 0.97/ Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 0.9867/ FM local Ccy Bond
      7,877 words
    • Article
      Lock icon GLOBALQUOTE
      188 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 41.5 25.5 Genting HK US$ US34 unch 3633 34 33 33.5 34 2238.7 Vol 220 168 TanChongInt HK208xd 205 209 4.3 3.4 7 4188.9 STOCK PRICES LEGEND:
      188 words
    • Article
      Lock icon SGX ETF
      965 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 120 -3 6 123 120 120 123 547.8 126.8 122.2 CIMB APAC Div 100S$D 126.8 125.5 126.4 103 95.8 CIMB
      965 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      632 30 Aug 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9045.73 9073.99 9033.83 Sep12 9040.00 9080.00 9015.00 9080.00 ***** *****5 Dec12 8990.00 9005.00 8970.00 9015.00 482 ***** MSCI TAIWAN INDEX FUTURES SPOT 260.86 261.91 260.50 Aug12 262.00 262.50 260.80 262.00 *****4 *****7 Sep12 262.20
      632 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Aug 28 Index Change Change Change Change Change Change World Preliminary 902.9 -0.2 8.8 0.0 5.0 -0.1 8.7 EAFE Preliminary 720.8 -0.6 5.7 -0.3 1.4 -0.4 4.9 Europe Preliminary 1089.4 -0.6 6.1
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      128 30 As on 28 August 2012 www.smx.com.sg PRODUCT PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 555.10 551.40 555.85 873 GOLD FUT DEC2012 1673.90 1660.60 1669.80 67 CURRENCY EUR-USD FUT SEP2012 1.2579 1.2478 1.2571 5363 BASE METAL COPPER FUT SEP2012 7645
      128 words
    • Article
      Lock icon CHICAGO BOT
      107 30 Aug 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1732.50 1729.75 1742.00 1710.75 Nov 12 1722.25 1718.75 1731.00 1701.00 Jan 13 1714.50 1711.25 1722.75 1693.50 Mar 13 1638.25 1630.25 1642.75 1618.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 55.73
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Aug 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.42 -0.52 WTI (Near Mth) 96.42 0.74 Dubai (1-Mth F) 109.83 -1.60 Tapis blend 117.35 -1.68 Minas 113.85 -2.98 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.94 -2.06 Jet Kerosene 132.43 -1.62 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon USS/SS FORWARD RATES
      22 30 Aug 29 S$ Bid Offer 1-month 1.2532 1.2534 2-months 1.2532 1.2534 3-months 1.2531 1.2533 6-months 1.2522 1.2525 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 30 Aug 28 Aug 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1890.75 1890.45 3 months 1916.00 1918.00 Copper, Grade A(US$/tonne) Cash 7594.50 7627.75 3 months 7607.50 7640.00 Lead(US$/tonne) Cash 1969.00 1963.25 3 months 1975.00 1971.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      Lock icon LIFFE
      80 30 Aug 28 COCOA (£/tonne) Close Prev High/Low Sep 12 1677 1573 1680/1596 Dec 12 1695 1585 1698/1608 Mar 13 1677 1575 1680/1596 May 13 1677 1579 1676/1597 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2034 2018 2041/2013 Nov 12 2072 2055 2078/2050 Jan 13 2076 2058 2082/2054 Mar 13 2084
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1115 30 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 1 146 500 6.25 21 Conv Ratio Exer Baker Technology Ltd W*****6 1.3 0.3 9083 1 32 2 25.00 3 Prem Best World Intl Ltd W*****5 0.3
      1,115 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Aug 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.583 0.825 8.039 57.702 99.080 0.814 11.751 3.235 1.292 98.209 43.902 1.299 8.724 0.991 31.025 32.460 0.655 1.036 Canada 0.976 6.424
      470 words
    • Article
      Lock icon SIBOR
      64 30 Aug 29 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      136 30 Aug 29 GOLD(US$/oz) Aug 28 Aug 29 Hong Kong 1667.40 1673.00 Aug 29 Aug 27 Aug 28 London 1669.54 1670.34 1670.76 1671.56 Source: Thomson Reuters CAST BAR Aug 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 161 67 5gm 457 335 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 30 Aug 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 29-Nov-12 0.25 6-Month BS*****H 21-Feb-13 0.26 1-Year BY*****T 02-May-13 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.04 5-Year N*****0Z 2.375 01-Apr-17 108.92
      88 words
    • Article
      Lock icon PALM OIL
      57 30 Aug 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2973.0 2974.0 2973.0 2913.0 312 3498 Oct 12 3012.0 3000.0 3015.0 2948.0 3284 ***** Nov 12 3036.0 3029.0 3039.0 2978.0 ***** ***** Dec 12 3050.0 3041.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 30 Aug 29 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2987 1.2991 1.0363 1.0365 Canadian dollar 1.2671 1.2681 1.0117 1.0111 Euro 1.5743 1.5749 1.2562 1.2565 NZ dollar 1.0046 1.0060 0.8016 0.8026 Sterling pound 1.9824 1.9831
      156 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Aug 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.296 1.235 Euro 1.609 1.533 Sterling pound 2.018 1.941 NZ dollar 1.036 0.987 US dollar 1.270 1.222 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 30 Aug 29 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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
      155 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Demand for German apartments surges
      1701 31 Real estate boom driven by foreign investors seeking a safe place to put their money Bloomberg [BERLIN] With small windows, low ceilings and drab facades, the concrete apartment blocks favoured by East Germany’s communist regime are known as Plattenbauten for their prefabricated panel construction. Now
      Bloomberg; BLOOMBERG  -  1,701 words
    • Article
      Lock icon Househunt
      588 31 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN AUG 1 AND AUG 7, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 01/08/2012 99 1098 2317 2110 District 4 NON-LANDED Skyline Residences
      588 words
    • Article, Illustration
      Lock icon Housing rebounds even in hardest-hit US cities
      821 32 Home prices slightly above their levels one year ago for first time since 2010 NYT [NEW YORK] Even some of the cities that suffered the most in the US housing bust are showing signs of improvement, with prices beginning to recover in places
      NYT; BLOOMBERG  -  821 words
    • Article, Illustration
      Lock icon Accor wary as Europe crisis hits hotels
      585 32 It warns investors that profit could be below expectations Reuters [PARIS] Accor, Europe’s largest hotel group, warned investors that profit could be below market expectations after demand for rooms in recession-hit southern Europe deteriorated further over the summer. The French company, with more
      Reuters; BLOOMBERG  -  585 words
    • Article
      Lock icon Blackstone in JV to buy Shanghai offices
      347 32 Reuters [HONG KONG] Private equity firm Blackstone Group and Taiwan’s Wei family, the founders of instant noodle and MSG maker Ting Hsin International Group, are seeking to raise US$282 million in five-year debt to back the purchase of a commercial property in Shanghai,
      Reuters  -  347 words
    • Article
      Lock icon Pricing of industrial space baffles newbies
      684 33  -  Consultants call for new rules to avoid misunderstanding by retail investors By MICHELLE TAN [SINGAPORE] As property investors turn their attention to the industrial segment following the introduction of the additional buyer’s stamp duty late last year, they would do well to note the
      684 words
    • Article, Illustration
      Lock icon Bringing change to Brooklyn retail strip
      1078 33 NYT [NEW YORK] The Fulton Street Mall in downtown Brooklyn has been changing rapidly in recent years, as retail chains flock to the mall, a shopping strip that once housed local sneaker stores and jewellery repair shops. The latest US retailer to sign a
      NYT  -  1,078 words
  • Page 31 Advertisements
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      146 32 Pasir Laba Camp Course <r* -j co Raffles Golf 34 JOO KOON ROAD FOR SALE BY EXPRESSION OF INTEREST SAFTI Military Institute UPPER JURONG RD .“1 Joo Koon JOO KOON CIRCLE Subject Site JOO KOON RD JOO KOON CIRCLE To Tuas Checkpoint AYER RAJAH EXPRESSWAY For Enquiries, Please Call 9
      146 words
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      Lock icon Page 32 Advertisements Column 2
      149 32 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. w specialist mortgage Web www.smats.net
      149 words
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      Lock icon Page 32 Advertisements Column 3
      42 32 9 -nervation shnnh UL Co Pool. 4021 fe 3+ H. 4 °21 sqft. $)2K 2 ot octu at s, mcntsitom CONSERVATION SHOPHOUSE XSSit Check this out and many other properties in CATS Classified in The Straits Times now! BUY IT-SELL IT-FIND IT
      42 words
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      88 33 GCB at Caldecott Hill Estate Land area 23,423 sq ft, FH Ideal for redevelopment Views of city, IR greenery Elevated ground, regular site Expression of Interest Closing: 18 Sept 2012 (Tue), 3pm. Agency Licence No.L*****36J Mary Sai 9388 7879 (R*****8I) Chia Mein Mein *****522 (R*****6B) CASTLEDONPARTNERS An Australian based boutique
      88 words
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      Lock icon Page 33 Advertisements Column 2
      312 33 fifth Jones Lang i)j LaSalle FOR SALE BY TENDER Real value in a changing world GOOD CLASS BUNGALOW SITE Raffles Park GCBA Land Area 11,073 sqft (approx) Regular and slightly elevated Wide frontage of 30m approx Suitable for rebuilding Tender Closing Date: 25 September 2012, 3pm For further information, please
      312 words
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