The Business Times, 6 September 2012

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Microfilm: NL32235
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E Thursday, eptember 6, 2012 MICA (P) 074/08/2012
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  • Article, Illustration
    Lock icon Super Wi-Fi comes with promise of super dollars
    756 1  -  New technology being tested by StarHub and Microsoft to offer cheaper, better and faster wireless broadband; it could open doors for host of supporting equipment By JOYCE HOOI [SINGAPORE] What was once merely staticky snow on television sets will soon be driving
    756 words
  • Article
    Lock icon Head-scratching as Asean trading link approaches launch
    725 1  -  Many still waiting for details about custody and cost as kick-off date nears By S JAYASANKARAN, KENNETH LIM KEY questions about the long-delayed Asean trading link continue to confound investors even as the tie-up between the Singapore Exchange (SGX) and Bursa Malaysia (BM)
    725 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 us$ s$ US$ (S$ per US$) 1.249 (US$/S$ per 1.585 1.980 EURO (US$/S$/€) 1.253 1.565 Foreign currency per US$ S$ YEN 78.40 62.70 RM 3.120 2.497 HK$ 7.757 6.209 BAHT 31.28 25.04 RUPIAH 9,589 7,676 RENMINBI 6.349 5.083 INDIAN RUPEE 55.91 44.75 A$ 0.983 0.787 NZ$ 1.262 1.010 HST
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,641.01 -13.10 NIKKEI 225 8,679.82 -95.69 HANG SENG 19,145.07 -284.84 SET INDEX 1,233.84 -2.47 JAKARTA COMP 4,075.35 -29.90 MANILA COMP 5,150.81 -25.06 SEOUL COMP 1,874.03 -33.10 SHENZHEN B 565.45 -5.87 MUMBAI IND 17,313.34 -127.53 Noon EDT Change DOW 13,068.07 +32.13 NASDAQ 3,076.12 +1.06
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.296 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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      96 1 OPINION Thomson MRT Line: Pains before the gains PAGE 24 WEF RANKING Singapore the second most competitive economy PAGE 10 NEWS ANALYSIS Impact of guidelines on shoebox units PAGE 2 TIES THAT THRIVE Asset manager makes big strides I PAGE 34 8 *****1 *****4 DUOMÈTRE À QUANTIÈME LUNAIRE. Jaeger-LeCoultre Calibre
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      11 1 PROPERTY URA puts up housing plot with 60-yr lease PAGE 33
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      374 2 Super Wi-Fi promises super dollars WHAT was once merely staticky snow on television sets will soon be driving a new wireless technology here “Super Wi-Fi” expected to become a US$1 billion market globally. In Singapore, this wireless technology on steroids might just leave Wi-Fi in the dust a
      374 words
    • Article
      Lock icon MAS looking into UOB’s property listings on website
      466 2  -  Bank needs approval for non-banking or non-financial business, it says By SIOW LI SEN [SINGAPORE] The United Overseas Bank (UOB) has invited the scrutiny of the Monetary Authority of Singapore over the slew of new property launches that had appeared on its
      466 words
    • Article, Illustration
      Lock icon URA shoebox rule may dent prices, or will it?
      997 2  -  Jury still out on govt move to manage surge in small units NEWS ANALYSIS By KALPANA RASHIWALA DEVELOPERS will, from Nov 4, have to abide by a new URA guideline on shoebox units, and some think that this could push down
      997 words
    • Article
      Lock icon COE premiums dip except for small cars
      380 2  -  Buyers shifting from Cat B to Cat A models as price difference narrows By SAMUEL EE [SINGAPORE] COE premiums for all categories slumped except for that in the small car segment. In yesterday’s bidding exercise for certificates of entitlement, Category A for cars
      380 words
    • Article
      Lock icon Tharman: Govt now more transparent
      497 4  -  But some financial and economic data must remain confidential as they are sensitive By MALMINDERJIT SINGH [SINGAPORE] The government is more transparent now with financial and economic details than before, but there are some things that are better kept confidential, such as the size of
      497 words
    • Article
      Lock icon Ex-MBS dealer charged with corruption
      357 4  -  He allegedly colluded with two others to cheat the casino By NISHA RAMCHANDANI [SINGAPORE] A former dealer at the Marina Bay Sands (MBS) casino was charged in court yesterday with three counts of corruption. Lim Khan Lerk Kenneth, 38, allegedly colluded with MBS’s then pit
      357 words
    • Article
      Lock icon Nigerian navy retakes S’poreflagged tanker
      456 4 Tanker was earlier hijacked by pirates off Lagos’ coast AP [LAGOS, Nigeria] Nigeria’s navy yesterday retook an oil tanker hijacked off the country’s largest city, freeing 23 Indian sailors held hostage by pirates who fled as the navy arrived, a spokesman said. None of the
      AP  -  456 words
    • Article, Illustration
      Lock icon China revises 2011 GDP up but faces slower growth
      665 4 Output growth put at 10% this year, less than forecast Xinhua Bloomberg WP [BEIJING] China’s gross domestic product (GDP) growth for 2011 has been revised upward by 0.1 percentage point to 9.3 per cent from the previous year, the National Bureau
      Xinhua; Bloomberg; WP; REUTERS  -  665 words
    • Article
      Lock icon SI A to fly daily to Yangon from October
      284 4  -  It takes over seven of SilkAir’s current 16 flights, raising capacity by 55% By VEN SREENIVASAN [SINGAPORE] Singapore Airlines is starting services to once-isolated Myanmar to cater to increasing demand from the business and tourism sectors. Daily services to the commercial
      284 words
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      234 2 VY- Membership Promotion r. This September celebrate the joys of mid autumn with an amazing membership offer at the British Club, Singapore's Hilltop Retreat. Take up any of these lifetime memberships and receive special mid autumn benefits of over $2,000 when you join*. TRANSFERABLE INDIVIDUAL MEMBERSHIP $15,000 Value added benefits
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      192 3 www.vw.com.sg Now wW* 1 al Only $155,800 II- IBM »'j„ i r it I m m H WOB P 114 m*. t nr S2 u The Passat. How an executive sedan should be. Enjoy all the benefits of a Category B executive sedan, plus a powerful 1.4 TSI engine so
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      292 4 0 0 0 Spend a morning with renowned leadership expert Dr David Rock In this fast-paced, results-oriented world, the organisations that succeed may be the ones that are most adaptive. For organisations, it's an even bigger challenge as success depends on influencing many to be aligned to one vision. This
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  • COMPANY NEWS
    • Article
      Lock icon SGX’s August securities trading value falls 29%
      438 5  -  But against July, the turnover value was up 11%, helped by activity in F&N By ANDREA SOH TOTAL turnover value on the Singapore Exchange (SGX) securities market fell by some $12 billion or 29 per cent to $29.4 billion in August from a
      438 words
    • Article
      Lock icon Forex exposure poses risk to IHH Healthcare: analysts
      473 5 [PETALING JAYA] IHH Healthcare Bhd’s foreign exchange exposure risk remains a concern to analysts, although it could be mitigated if and when the debts are pared down from its initial public offering (IPO) proceeds, says a report in The Star. A weekly
      473 words
    • Article, Illustration
      Lock icon Date in sight for F&N’s EGM on APB
      598 5  -  Meeting could be as soon as this month, earlier than thought By EMILYN YAP FRASER and Neave (F&N) shareholders may get to vote on the proposed sale of its Asia Pacific Breweries (APB) stake and a capital reduction thereafter at the end
      BLOOMBERG FILE PHOTO  -  598 words
    • Article, Illustration
      Lock icon Record volumes for Singdollar bond issuance
      530 7  -  Total sum of bonds issued so far this year already exceeds whole of 2010 By KENNETH LIM COMPANIES are issuing Singapore dollar-denomi-nated debt at a record pace, lured by the ease of currency swaps, a maturing market and optimism about the region. Companies have
      530 words
    • Article
      Lock icon Yoma may raise equity: OCBC IR
      423 7  -  By KENNETH LIM YOMA Strategic Holdings may need to raise more equity through a rights issue to fund land acquisitions, but it continues to enjoy shining growth prospects, OCBC Investment Research wrote in a note yesterday. Yoma, a Myanmar property developer, was recently offered
      423 words
    • Article, Illustration
      Lock icon Orders in pipeline for Keppel, SembMarine
      443 7  -  Maybank Kim Eng sees another $2b for each by year-end By LYNN KAN RIGBUILDERS Keppel Corporation and Sembcorp Marine may win another $2.2 billion and $1.8 billion of orders in the next few months before the year-end, said a Maybank Kim Eng report. This
      Source: ODS-Petrodata, Maybank KE  -  443 words
    • Article
      Lock icon Midas’ China unit wins deals worth 123m yuan
      277 8  -  Jilin Midas will supply aluminium alloy tubing to two power sector firms By ANGELA TENG MIDAS Holdings’ subsidiary, Jilin Midas Aluminium Industries, has secured two new contracts worth a combined 123.4 million yuan (S$24.2 million) for the supply of aluminium alloy tubings.
      277 words
    • Article, Illustration
      Lock icon Disposal gain lifts Stamford Tyres Q1 profit
      338 8  -  Revenue up 6.7% on higher sales across all its key markets By TEO SI JIA A GAIN of $11.17 million from the disposal of its 20 per cent owned China associate to Sumitomo Rubber Industries helped shore up Stamford Tyres Corporation’s first-quarter bottom
      FILE PHOTO  -  338 words
    • COMPANY BRIEFS
      • Article
        Lock icon Global Logistic Properties signs pre-lease expansion deal
        105 8 GLOBAL Logistic Properties has signed a pre-lease expansion agreement of about 74,000 sq m with a leading global e-commerce retailer, for its expanding fulfilment centre in GLP Park Wuqing in Tianjin, north China. The project is the second phase of GLP Park Wuqing
        105 words
      • Article
        Lock icon OCBC prices fixed rate subordinated note
        81 8 OCBC Bank has priced US$1 billion of fixed rate subordinated notes under its US$10 billion global medium-term note programme. OCBC will use net proceeds from the issue of the notes for general corporate purposes. The notes are expected to qualify as Tier 2 capital
        81 words
      • Article, Illustration
        Lock icon Tung Lok units sign Orchard Central leases
        101 8 TUNG Lok Restaurants (2000) Ltd said that its subsidiaries, Garuda Padang Restaurant (Singapore) and Tung Lok Millennium, have signed separate tenancy agreements for commercial space with Orchard Central. The respective areas are 3,864 sq ft and 4,715 sq ft. The lease term is
        101 words
      • Article, Illustration
        Lock icon Banyan Tree Group opens two resorts in Vietnam
        64 8 BANYAN Tree Group will be venturing into Vietnam with the launch of Banyan Tree Lang Co (above) on Nov 1. The resort will have 32 lagoon pool villas and 17 beach pool villas set on the shores of Canh Duong beach. The
        64 words
    • Article
      Lock icon JAL IPO gets orders for all stock: sources
      255 8 Bloomberg [TOKYO] Japan Airlines C o s 66 3 b i ll i on y en (S$10.5 billion) initial public offering, the largest since Facebook, drew orders for all the stock being sold, say two people who know of the transaction. International
      Bloomberg  -  255 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak mfg data drags STI down
      536 6  -  Index closes 15.7 points down, off the day’s lowest level; low-priced stocks top actives list STOCKS R SIVANITHY Senior Correspondent WEAK manufacturing numbers, both here and in the US, were said to have brought the sellers/ short sellers out yesterday. The Straits Times Index
      Source: Bloomberg  -  536 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Sep 5 VALUE CLOSE BT OB/OS -210.00 -60.00 BT CADI -*****.00-135.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 710.43 -3.81 FTSE ST Small Cap 464.14 -2.51 FTSE ST All Share 728.29 -3.83 FTSE ST China Top 195.78 -2.54 FTSE ST China 214.19 -2.46 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME M Devt 229,358,000 Sakari 50,339,000 Noble Grp 49,966,000 GSH Corp 34,424,000 CCFH 34,047,000 Golden Agri 32,798,000 Genting SP 30,646,000 Thai Beverage 29,956,000 IPC Corp 29,733,000 Elektromotive 25,627,000 VALUE($) Sakari 94,386,045 Noble Grp 58,887,585 SingTel 51,261,610 Genting SP 41,113,070 Keppel Corp 35,018,000 Olam 34,561,445 DBS Grp 33,297,480
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 5 0 0 0 2 8 5 Manufacturing 28 62 43 3 8 7 31 70 50 Commerce 12 28 18 1 5 3 13 33 21 Tpt/Stor/Comms 6 19 15
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      914 6  -  Compiled by JOYCE HOOI Offshore and Marine Maybank Kim Eng Research, Sept 5 SETE Brasil has awarded contracts for the package of 21 drilling rigs, in which both Keppel and Sembcorp Marine (SMM) secured their fair share, within consensus expectations. While the Petrobras-related contracts had accounted for a
      Source: Bloomberg  -  914 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,846 14,846 69,258 69,258 Manufacturing 190,372 85,097 275,469 180,169 3,737 183,905 Commerce 161,034 1,902 162,936 133,536 236 133,772 Tpt/Stor/Comms 82,626 17,394 100,020 125,842 5,254 131,095 Finance 26,072 1,182 27,254 106,158 513 106,670 Construction 34,044 1,482
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.620 -0.015 CapitaLand 3.030 CapitaMall 1.960 CityDev 11.270 -0.180 ComfortDelGro 1.665 -0.005 DBS Grp 14.180 -0.120 F&N 8.200 -0.030 GLP 2.380 +0.030 Genting SP 1.345 -0.015 Golden Agri 0.695 -0.010 HK Land 5.940 -0.070 JMH 54.600 +0.410
      111 words
    • Article, Illustration
      Lock icon Euro rallies on talk of ECB bond plans
      403 6 CURRENCIES Reuters [NEW YORK] The euro reversed earlier losses and rose sharply yesterday on media reports that the European Central Bank (ECB) would, with broad support from its council members, unveil an unlimited, sterilised programme of bond purchases. Some investors were already
      Reuters; REUTERS  -  403 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 4028 654.5 15.0 JMH 5460 51.2 0.8 DBXT S&P Short 10US$ 3626 31.2 0.7 GLD 10US$ ***** 17.5 0.1 MSC 100 136 10.0 7.9 CMProp 1310 8.1 4.0 DBS Bk 4.7% NCPS 100 ***** 8.0 0.1 Jardine C&C 4606 6.0 0.1 Petra
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -230.0 -2.1 LantroVis 229 -111.0 -32.6 DBXT MSKorea 10US$ 5352 -97.4 -1.4 DBXT MSJAP 10US$ 3387 -83.7 -1.9 DBXT Nifty 10US$ 9562 -72.4 -0.6 DBXT SPASX200 10US$ 3358 -66.2 -1.6 DBXT MSAsExJp 10US$ 2929 -57.5 -1.5 DBXT FTVietnam 10US$ 2139
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      80 words
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      275 8 iEP NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE PROGRAMMES m Nurturing T Shapingathe F.utureiof [MlMJDSg© sc General Manager Engineering Keppel PELS Limited, Singapore Berkeley-Nanyang Cohort ADVANCED MANAGEMENT Advanced Management Programme In International Tax Berkeley-Nanyang Advanced Management Programme lATA-Nanyang Advanced Management Programme in Air Transport BUSINESS MANAGEMENT Governance Enterprise Risk
      275 words
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      274 8 PS Is.yi 1 t I 1 ASIA ASIA www.psseries.com/asiawww.hvacrseries.com/asia2012 5 7 September 2012 Hall B, Sands Expo Convention Centre Marina Bay Sands, Singapore Register to attend for FREE and WIN amazing prizes! To register visit www.pseries.com/asia or www.hvacrseries.com/asia2012 Quote 'BT1' as your promotion code C I 120 PARTICIPATING COMPANIES FROM
      274 words
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      235 9 CATCH THE FERRARI FEVER AT MARINA BAY SANDS® 7 24 September 2(. Ferrari fever hits Marina Bay Sands this Grand Prix season! Shop at over 500 stores, indulge in over 60 dining outlets, visit our attractions or see a show for your chance to win premium race prizes! The grand
      235 words
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  • SINGAPORE NEWS
    • Article
      Lock icon TPP leaders urged to conclude negotiations by early next year
      545 10  -  Addition of partners seen boosting gains, value of the accord By LEE U-WEN in Vladivostok, Russia ASIA-PACIFIC business leaders have called for the US-led Trans-Pacific Partnership (TPP) free trade accord negotiations to be wrapped up in early 2013. In a
      545 words
    • Article, Illustration
      Lock icon SOAKING IN RELICS OF IMPERIAL CHINA
      38 10 PRIME Minister Lee Hsien Loong and his wife, Ho Ching, at Tianjin’s Cultural Centre yesterday. Mr Lee is on a six-day official visit to China. Photo by Lim Wui Liang/The Straits Times
      38 words
    • Article, Illustration
      Lock icon Gerard Ee passes NKF baton to Koh Poh Tiong
      458 10  -  By MALMINDERJIT SINGH AFTER spending seven years rebuilding the credibility and reputation of the National Kidney Foundation (NKF), chairman Gerard Ee is making way for a new leadership to take the organisation forward as it tackles the challenges of fund-raising and
      FILE PHOTOS  -  458 words
    • Article
      Lock icon Ex-civil servant is SMa sec-gen
      82 10 THE Singapore Manufacturers’ Federation (SMa) has appointed former ministry official Lam Joon Khoi as its secretary-general, effective Sept 18. Mr Lam opted for early retirement last month after 34 years in the public service. He was deputy secretary (management) at the Ministry of Environment and
      82 words
    • Article
      Lock icon S’pore ranked 2nd most competitive economy again
      454 10  -  Behind Switzerland, it’s among top 3 in 7 of 12 categories of WEF rankings By VICTORIA HO THE World Economic Forum (WEF) has once again ranked Singapore the second most competitive economy behind Switzerland. Its Global Competitiveness Report released yesterday surveyed 144 world
      454 words
    • Article, Illustration
      Lock icon Jail term doubled to 30 months for ex-SingTel staffer
      579 10  -  He had cut fibre optic cables after getting the sack By GRACE LEONG AN aggrieved former SingTel employee, who is now serving 15 months’ prison for sabotaging fibre optic cables and disrupting Internet access to numerous households in 12 HDB estates,
      579 words
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      729 10 WATS NOTICES CRAFT PRINT INTERNATIONAL LIMITED (Company Registration Number *****1572K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Craft Print International Limited (the “Company”) will be held at 9 Joo Koon Circle Singapore *****1 on Friday, 21
      729 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Weak Q2 M’sian earnings despite strong GDP data
      613 12 Poor results reflect global uncertainties; domestic sector remains resilient [KUALA LUMPUR] The sec-ond-quarter results have just come to a close, and word on the street is that the results just weren’t up to the mark, especially when it comes to mid-cap stocks.
      613 words
    • Article
      Lock icon E Kalimantan mulls capping coal output
      297 12 Coal production hub would benefit from production cap at 150m tonnes: governor Reuters [BALIKPAPAN, Indonesia] Indonesia’s coal production hub of East Kalimantan would benefit from a production cap at 150 million tonnes, around 30 per cent less than its current full-year output forecast, the
      Reuters  -  297 words
    • Article, Illustration
      Lock icon M’sia probes alleged soccer match-fixing
      381 12 Reuters [KUALA LUMPUR] The Malaysian government has launched a probe into alleged soccer match-fixing after a top goalkeeper fumbled the ball into his own net in a crunch Malaysia Cup match. Terengganu’s English manager Peter Butler hauled Sharbinee Allawee off the pitch after he had
      Reuters; BERITA HARIAN FILE PHOTO  -  381 words
    • Article
      Lock icon Lynas gets KL permit to start rare-earth production
      206 12 Bloomberg [KUALA LUMPUR] Lynas Corp, developing the world’s largest rare-earth refinery in Malaysia, said it was issued a permit to start production following months of delays. The Malaysian Atomic Energy Licensing Board yesterday granted a temporary operating licence for the company’s plant
      Bloomberg  -  206 words
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      318 13 mm y i i A a i V wfi L L s (T Si SI 'i ■J ft PJ I i A. V i m *r-«- V\ev> e I bV i*v,««' ep d pau Obi W N^ 8 DP ARCHITECTS PTE LTD GTM ALUMINIUM PTE LTD HAKKIAN ENTERPRISE PTE LTD
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Videocon seeks US$3b for stake in gas field
      729 14 It’s selling the stake in Africa to help pay debt, reclaim licences Bloomberg [MUMBAI] Videocon Industries Ltd, controlled by Indian billionaire Venugopal Dhoot, is seeking US$3 billion for its stake in a Mozambique gas field, said a person with direct knowledge of
      Bloomberg  -  729 words
    • Article, Illustration
      Lock icon Clinton’s visit to China produces no breakthrough
      1088 14 Washington, Beijing remain divided on issues like Syria, territorial disputes AP [BEIJING] Talks between US Secretary of State Hillary Rodham Clinton and Chinese leaders yesterday failed to narrow gaps on how to end the crisis in Syria and how to resolve Beijing’s territorial
      AP; AFP  -  1,088 words
  • Page 14 Advertisements
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      166 14 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 Port-of-call Dep Date Port-of-call 31 Oct, 09, 16, 23 30 Nov, 07, 14&26 Dec 2012 Singapore, Penang, Malacca 22 Feb, 01,08 29
      166 words
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      469 14 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
      469 words
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      438 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
      438 words
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  • ECONOMY WATCH
    • Article
      Lock icon Asia services sector resilient; optimism muted
      790 16 HSBC PMI stands at 1-year low for China; grows at top speed in 6 months for India Reuters [SINGAPORE] Asia’s services sector expanded in August despite a global economic downturn, business surveys showed yesterday, but optimism remained muted as regional economies toil to overcome
      Reuters  -  790 words
    • Article, Illustration
      Lock icon Few jobs, dim hopes feed circle of strife in South Africa
      603 16 Bloomberg [JOHANNESBURG] With the largest reserves of more than a dozen minerals, South Africa is not about to run out of riches. Yet the unrest rumbling through its mining industry reflects the deepening failure of Africa’s largest economy, almost
      Bloomberg; AP  -  603 words
    • Article
      Lock icon Australia posts 3.7% Q2 economic growth
      615 16 Consumer spending main driver as China, Europe demand lags AFP [SYDNEY] Australia’s min-ing-powered economy grew a solid 0.6 per cent in the three months to June and 3.7 per cent from a year earlier, data showed yesterday, but was weighed by China’s slowdown and
      AFP  -  615 words
    • Article, Illustration
      Lock icon Australia getting too costly for MNCs: tycoon
      421 16 She blames carbon tax, high wages for sluggish economy AFP [SYDNEY] Mining tycoon Gina Rinehart yesterday warned Australia was becoming too expensive for multinational companies who could source workers for two dollars a day in Africa. In a video address to the Sydney
      AFP  -  421 words
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      89 16 YOGA BY THE SEA Your favourite all-women outdoor yoga event is back! Join us for an invigorating yoga session by the sea. Details LIMITEDPLACESONLY! DATEOct 21, 2012 TIME6am VENUEDalbergia Green, East Coast Park REGISTRATION FEE$30* (UP $38) Early-bird promotion until 14 Sep 2012. Receive fabulous door gifts worth over $400!
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  • WORLD
    • Article, Illustration
      Lock icon Japan seals 2b yen deal to buy Senkaku Islands
      745 17  -  Latest news runs counter to Tokyo city’s claim that family is not selling By ANTHONY ROWLEY in Tokyo THE Japanese government has agreed with the family that owns the Senkaku Islands on a plan to bring them under state control, Japanese
      PHOTO: AFP  -  745 words
    • Article
      Lock icon Hackers release one million IDs for Apple devices
      545 17 Numbers obtained from FBI agent’s computer, they say NYT [WASHINGTON] Hackers released a file that they said contained one million identification numbers for Apple mobile devices, claiming that they had obtained it by hacking into the computer of an FBI agent. The
      NYT  -  545 words
    • Article
      Lock icon Myanmar delays oil tender to meet transparency standards
      686 18 Process must meet international requirements, govt tells officials: source Reuters [YANGON] Myanmar has delayed an oil and gas exploration tender to meet the transparency standards of the Western energy majors lining up, many for the first time, to invest in the rapidly
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    • Article
      Lock icon Spooky summer nights a chilling treat in South Korea
      464 18 Reuters [SEOUL] On a rainy South Korean summer night, Na Won-ju, eyes shut tight, is glued to her boyfriend in a desolate village in Yongin as pale figures in white with loose black hair dart out at them from the shadows.
      Reuters  -  464 words
    • Article, Illustration
      Lock icon Michelle urges 4 more years for Obama to ‘fix economy’
      715 20 First Lady says it’s a long game and change is hard and takes time Reuters [CHARLOTTE, North Carolina] First Lady Michelle Obama acknowledged on Tuesday that the change her husband Barack Obama sought in his White House campaign four years
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    • Article
      Lock icon Drought damps optimism of US farmers
      455 20 They’re more upbeat about outlook than in March survey Bloomberg [WASHINGTON] US farmers struggling through the worst drought in a half century are less optimistic about their circumstances and more hopeful about the future than they were in March, a survey by DTN/The Progressive
      Bloomberg  -  455 words
    • Article, Illustration
      Lock icon US sales by Big 3 American carmakers beat forecasts
      835 21 Total deliveries this year to July climb 14% to 8.43m cars Bloomberg [LOS ANGELES] Chrysler Group, Ford Motor Co and General Motors Co (GM) said US sales rose more than analysts’ estimates in August as the carmakers introduce new car models
      Bloomberg; AFP  -  835 words
    • Article
      Lock icon Money and people say ‘adios’ as economic gloom deepens in Spain
      981 21 NYT [LONDON] It is, Julio Vildosola concedes, a very big bet. After working six years as a senior executive for a multinational payrollprocessing company in Barcelona, Spain, Mr Vildosola is cutting his professional and financial ties with his troubled
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    • Article
      Lock icon Japanese state bonds firm on slowdown fears
      545 21 Key technical resistance levels not breached as buying of the JGBs is too light Reuters [TOKYO] Japanese government bond (JGB) prices firmed yesterday, supported by a weakening global economic outlook. However, buying was too light to push the market through key technical resistance
      Reuters  -  545 words
    • Article, Illustration
      Lock icon Spanish PM to seek German backing for a bailout
      775 22 Berlin wants more details of issues in Spanish banks Reuters [MADRID] Prime Minister Mariano Rajoy’s eight months in power have been tumultuous from the start but September and October may be even tougher, with the Spanish leader assailed on all sides.
      Reuters  -  775 words
    • Article
      Lock icon Richemont: Asia sales growth slows, Europe fastest
      334 22 Reuters [ZURICH] Richemont, the world’s second-largest luxury goods group, said sales growth in Asia had slowed markedly and Europe is now its fastest-growing region, helped by tourist spending. Asia-Pacific is the world’s fastest-growing luxury market and has helped offset the impact of reduced
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    • Article
      Lock icon Productivity rises 2.2% in second quarter
      531 22 Output rises more than estimated mostly because employers cut hiring LATEST US DATA AP [WASHINGTON] US companies got more output from their workers this spring than initially thought. Productivity rose at a modest 2.2 per cent annual rate in the April-June quarter, largely because
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      121 17 ■js& m m m m m 9k m n m James Marsh, film director Ideas and inspiration come out of the investment of time and effort. They are the result of a lot of hard work. All my best ideas come from having really focused on a subject and then,
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      2850 18 W KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NEW LAKESIDE HOLDINGS LIMITED (UNDER JUDICIAL MANAGEMENT) (Company Registration Number: *****8395H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of New Lakeside Holdings Limited (Under Judicial Management) (the “Company”)
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      104 18 NOTICE OF SPECIAL RESOLUTION KYOEI ENGINEERING SINGAPORE PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5437E NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD ON THE 29TH DAY OF AUGUST 2012 THE FOLLOWING SPECIAL RESOLUTION WAS PASSED: That pursuant to
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      236 19 REGISTER NOW for prime London riverside apartments BATTERSEA POWER S TAT I O N CENTRAL LONDON'S POWERHOUSE V-' W O' •i sms. 1*1 st&Slm8 n ■Lai V* r-,W Gif s *“S( 4 T r V 'W-'’ an tH I W. ,="-W S' *ff3L A *>, Kr-Tft :5: Vi.. V ft
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      140 20 r. ekend vx thebu •Sh* Z*** <p Ss» WfSSX'D.XS I VrtAt™ I MOTOWMO 1 The abcm Jyi>an'‘ c 8*3= ;s back Heincken comes ro with bubbher offer SitesaW 1 l“Ji:SBES is3S =i, "T ,v ‘~w, v d beZ er fe/- 1. u 'ur e y-% ,Vcia '®S»> i*jl Enjoy a
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      388 20 ro 22 C]\T A l)T Investment k3iTArAJVX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 8 (Sat) 9 (Sun) Sept 2012 11am 7pm Hall A, Sands Expo Convention Center, Marina Bay Sands (Bayfront MRT station, Exit D) Learn Strategies to Win View Outstanding Overseas Property Opportunities Free Entry
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      129 21 The Leading Global Finance Master Degree Program for executives V it-. ‘Msm A J 3 Master of Science in m Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes the latest insights
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      554 22 STJobs Seminar September Series STJOBS No.1 Who should attend: Executive management level, Middle management, Managers and Team leaders who want to develop their leadership skills No.1 Recruitment site in Singapore by FULL-DAY SEMINAR Marketing Magazine (2011) Register at www.stjobs.sg/seminars Be an Outstanding Sales Professional Thursday, 13 September 2012, SPH News
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      38 23 Tune in to Singapore’s first all new radio station in 20 years All the great songs in one place On Air 3 September kjCIMAs Li Share with us on: f www. f acebook. com kiss92f m @kiss92fm www.kiss92.ss
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  • EDITORIAL & OPINION
    • Article
      Lock icon Match uni education with manpower needs
      475 24 EDITORIAL AS the US economy continues on its path of tepid recovery, one statistic has remained grim: half of the country’s young college graduates are either jobless or underemployed in positions that do not fully use their knowledge or skills. There may be worse
      475 words
    • Article, Illustration
      Lock icon From Italy to Greece to Spain, cracks are appearing
      748 24  - From Italy to Greece to Spain cracks are appearing THE BOTTOM LINE NEIL BEHRMANN London Correspondent The writer vacationed in Italy recently IN formerly prosperous Bologna, showplace of the Lamborghini and a host of car and children’s book shows, the euro crisis is hitting home. Ugly graffiti protests spoil the
      748 words
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      Lock icon Thomson MRT Line: Pains before the gains
      1027 24  -  Here’s a review of information provided by govt agencies about upcoming $18b line By KU SWEE YONG The writer is founder of real estate agency International Property Advisory. He is also the author of the book ‘Real Estate Riches’ THERE was a mini
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      Lock icon No winners in eurozone break-up
      1519 25  -  Past collapses in multi-nation currency zones have led to hyperinflation, and horrendous and long-lasting output falls By ANDERS ASLUND The writer is senior fellow, Peterson Institute for International Economics, and adjunct professor, Georgetown University. This commentary was sourced from VoxEU.org, a web portal that features
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      Lock icon Can Tokyo become a regional financial hub?
      730 25  -  ANTHONY ROWLEY Tokyo Correspondent TOKYO is not the first place that springs to mind as a centre for investing in emerging markets (London and New York or Hong Kong and Singapore are well ahead in this regard), but next month’s International Monetary Fund
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Airbus fights exclusion from US aerospace lobby
      619 26 AIA head says it’s only for companies without foreign govt ownership Reuters [WASHINGTON] Airbus has clashed with the US aerospace industry over whether it should be allowed to join its top domestic lobbying group, weeks after announcing plans to set up jet assembly
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    • Article
      Lock icon Singapore’s port operations control centre upgraded
      264 26 It can handle up to 10,000 vessel tracks at any given time Xinhua [SINGAPORE] Singapore yesterday reopened its Port Operations Control Centre (POCC) at PSA Vista in Pasir Panjang after about a year of upgrading works aimed at enhancing navigation safety and the protection
      Xinhua  -  264 words
    • Article
      Lock icon Berlin airport delays undermine image of German efficiency
      504 26 NYT [BERLIN] The new Berlin airport conceived two decades ago as a glittering symbol of German unification and the city’s importance as a global hub has hit yet another delay and may not open before late next year, officials said on Tuesday.
      NYT  -  504 words
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      Lock icon Cathay bans shark fin from cargo flights
      579 26 AFP [HONG KONG] Cathay Pacific said yesterday it would no longer carry unsustainably sourced shark products on its cargo flights, dealing a blow to Hong Kong’s huge shark fin industry. Environmental groups welcomed the move but shark fin merchants said it threatened their
      AFP  -  579 words
    • Article
      Lock icon Fugitive Vietnamese shipping tycoon arrested
      370 26 AFP [HANOI] The fugitive former chairman of a debt-mired Vietnamese shipping company has been arrested overseas and extradited after three months on the run, state media said yesterday. Duong Chi Dung, accused by Hanoi of deliberately mismanaging stateowned shipping firm Vinalines, was arrested in an
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    • Article
      Lock icon The Business Times Shipping Times
      1940 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 GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      1,940 words
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      36 26 THE YOUNG GUNS Meet the young Indian cricketers who won the U-19 World Cup last month THE MAN WHO DID S’PORE’S FIRST PAEDIATRIC LIVER TRANSPLANT GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • Page 26 Miscellaneous
    • Miscellaneous
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      334 26 CRYPTIC CROSSWORD Across 1 Flashy performer who’s dressed up with hat (10) 6 Old group making comeback is just the same (4) 10 Note money given backing television etc. (5) 11 Did needlework before wedding announced in London suburb (5,4) 12 Hair gets Miliband taken aback (7) 13 Great brain
      334 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
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      25 27 Experienced shfp maintenance m you y r services services wanted, herein the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2779 28 Transaction date: Sep 5 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 131.5 +0.5 186 131.5 130.5 131 131.5
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      Lock icon SGX CATALIST
      190 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
      190 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8219 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A! AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.96/ Aberdeen Asset Mat Asia Limited Asian Localdcy SD Bond 0.9845/ EM local Ccy Bond
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      Lock icon GLOBALQUOTE
      206 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 $mil 46 25.5 AVJennings A29.5 +0.5 17 30 29.5 29.5 35 3.6 11.9 2.4 76.8 41.5 25.5 Genting HK US$ US32.5 -0.5 946 33 32.5 32.5 33 2140
      206 words
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      Lock icon SGX ETF
      921 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 $mil 126.8 120.4 CIMB APAC Div 100S$D 120.4 -6.4 3 120.4 120.4 122.9 123.8 103 95.8 CIMB APAC Div 100US$ US99 -3 3 99 99 98.4 99.1
      921 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      668 30 Sep 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8756.59 8759.26 8679.82 Sep12 8765.00 8785.00 8665.00 8675.00 *****3 *****3 Dec12 8700.00 8715.00 8600.00 8610.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 263.10 263.10 260.35 Sep12 263.30 263.60 259.50 259.70 ***** *****9 Oct12 263.10
      668 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Sep 4 Index Change Change Change Change Change Change World Preliminary 893.4 -0.7 7.7 -0.7 3.4 -0.8 7.5 EAFE Preliminary 711.4 -0.9 4.3 -0.9 -0.4 -1.0 3.5 Europe Preliminary 1079.7 -1.2 5.2
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      127 30 As on 4 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 563.75 561.30 563.35 629 GOLD FUT DEC2012 1698.80 1690.30 1695.80 22 CURRENCY EUR-USD FUT SEP2012 1.2625 1.2560 1.2571 2220 BASE METAL COPPER FUT DEC2012 7699 7635
      127 words
    • Article
      Lock icon CHICAGO BOT
      107 30 Sep 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1771.00 1764.50 1794.75 1760.50 Nov 12 1768.25 1756.50 1789.00 1755.50 Jan 13 1766.25 1751.00 1781.50 1753.75 Mar 13 1712.00 1684.25 1718.50 1694.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 57.57
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Sep 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.51 -0.58 WTI (Near Mth) 95.51 -1.65 Dubai (1-Mth F) 112.84 1.61 Tapis blend 119.31 1.82 Minas 115.81 1.82 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 110.11 1.61 Jet Kerosene 136.86 2.22 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 30 Sep 5 Sep s$ Bid Offer 1-month 1.2490 1.2493 2-months 1.2490 1.2493 3-months 1.2489 1.2493 6-months 1.2484 1.2488 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 30 Sep 4 Sep Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1926.00 1908.00 3 months 1945.00 1927.00 Copper, Grade A(US$/tonne) Cash 7631.00 7674.75 3 months 7635.00 7679.00 Lead(US$/tonne) Cash 1994.75 1999.25 3 months 1995.00 1999.00 Nickel (US$/tonne) Cash *****.50 *****.75 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3 months
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      Lock icon LIFFE
      80 30 Sep 4 COCOA (£/tonne) Close Prev High/Low Sep 12 1651 1652 1665/1635 Dec 12 1669 1664 1683/1651 Mar 13 1660 1656 1673/1643 May 13 1665 1661 1678/1648 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2045 2066 2066/2040 Nov 12 2081 2094 2105/2074 Jan 13 2093 2101 2110/2086 Mar 13 2102
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1078 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 20 Conv Ratio Baker Technology Ltd W*****6 0.8 -0.2 502 1 32 3 40.00 2 Price Best World Intl Ltd W*****5 0.3 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Sep 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 6.462 0.812 7.894 56.897 97.587 0.798 11.563 3.175 1.284 96.432 42.740 1.271 8.589 0.976 30.418 31.835 0.642 1.018 Canada 0.994 6.422
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    • Article
      Lock icon SIBOR
      58 30 Sep 5 (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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      Lock icon PRECIOUS METALS
      136 30 Sep 5 GOLD(US$/oz) Sep 05 Sep 04 Hong Kong 1697.00 1699.50 Sep 04 Sep 04 Sep 03 London 1693.50 1693.37 1694.50 1694.59 Source: Thomson Reuters CAST BAR Sep 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 68 5gm 461 338 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      98 30 Sep 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06-Dec-12 0.25 0.00 0 6-Month BS*****T 07-Mar-13 0.26 0.00 0.00 1-Year BY*****T 02-May-13 0.25 0.00 0.00 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14
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    • Article
      Lock icon PALM OIL
      57 30 Sep 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2934.0 2940.0 2935.0 2895.0 195 2631 Oct 12 3013.0 3010.0 3014.0 2951.0 3054 ***** Nov 12 3066.0 3058.0 3077.0 3004.0 ***** ***** Dec 12 3102.0 3097.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 30 Sep 5 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2705 1.2722 1.0172 1.0183 Canadian dollar 1.2629 1.2641 1.0118 1.0111 Euro 1.5644 1.5651 1.2525 1.2528 NZ dollar 0.9893 0.9902 0.7921 0.7926 Sterling pound 1.9800 1.9809
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Sep 5 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.294 1.233 Euro 1.600 1.524 Sterling pound 2.017 1.940 NZ dollar 1.018 0.970 US dollar 1.266 1.218 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 30 Sep 5 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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 Lower Fifth Avenue creating retail buzz
      871 31 Limited supply of retail space drives fashion brands to open flagship stores in former 2nd-tier area NYT [NEW YORK] Long the retail stepsister of upper Fifth Avenue, the stretch of the avenue south of 49th Street and north of 42nd Street seems finally to
      NYT; AP  -  871 words
    • Article
      Lock icon Househunt
      802 31 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN AUG 8 AND AUG 14, 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 V On Shenton Apt 14/08/2012 99 689 1346 1954 V On Shenton Apt
      802 words
    • Article, Illustration
      Lock icon S’pore Reits give world’s highest returns
      1449 32 Average 37% is double the gains in the US, UK and Japan Bloomberg [SINGAPORE] Singapore’s real estate investment trusts (Reits), the best performing in the world this year, are luring investors after a shopping spree for properties across Asia gives them a broader stream
      Bloomberg; FILE PHOTO  -  1,449 words
    • Article
      Lock icon Former convent for sale in biggest Irish auction
      394 32 Bloomberg [DUBLIN] A former convent outside of Dublin with buildings dating back to 1845 will be offered next month in the largest Irish property auction. The former Sacred Heart convent, located 123 kilometres southwest of Dublin, is being put up for sale
      Bloomberg  -  394 words
    • Article
      Lock icon URA puts up housing plot with 60-yr lease
      701 33  -  URA will also launch site for first hotel in Jurong lake district By ZEINAB YUSUF SAIWALLA The government yesterday announced two firsts in its land sales programme a residential site in Jurong which comes with an unusual 60-year leasehold term, and another
      701 words
    • Article, Illustration
      Lock icon Competing renters drive up leases in Dublin
      1005 33 Bloomberg [DUBLIN] Lars Frisell thought that it would be easy to find an apartment to rent in Dublin, the epicentre of western Europe’s biggest real estate crash, after he moved from Sweden to become chief economist at Ireland’s central bank. Three months later,
      Bloomberg; BLOOMBERG  -  1,005 words
    • Article, Illustration
      Lock icon M&C renames flagship NY hotel as ONE UN
      232 33  -  By ARTHUR LEE MILLENNIUM Copthorne Hotels chairman Kwek Leng Beng has chosen to rename his flagship hotel in New York after its famous neighbour. Formerly known as the Millennium UN Plaza, it re-opens as ONE UN New York this month with the
      MILLENNIUM HOTELS  -  232 words
    • Article
      Lock icon Sumitomo Mitsui to double assets
      400 33 It mulls setting up a private Reit if there is investor demand Bloomberg [TOKYO] Sumitomo Mitsui Trust Holdings Inc’s property unit plans to double assets under management to 500 billion yen (S$8 billion) in two years as it expects a recovery in Japan’s real estate
      Bloomberg  -  400 words
  • Page 31 Advertisements
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      18 32 Best Of Student Residences Investment in Liverpool, Leeds and Sunderland, UK v As Stated in Sales Purchase Agreement
      18 words
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      Lock icon Page 32 Advertisements Column 2
      67 32 Brand New Warehouse (Annex Blk) (For Lease) Size: Approx. 37,200 sf Excellent corporate image Good ceiling height up to 7m Good floor loading up to 20kN/sm Exclusive use of 2 cargo lifts Ample loading bays Opposite IMM 3 mins drive to Jurong MRT station and bus interchange Close proximity to
      67 words
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      Lock icon Page 32 Advertisements Column 3
      42 32 8 Nassim Hill Freehold, ready move in Foreigner eligible 1% commission to co-broke agent 3 storey “House” concept 4 bedrooms, Private pool ReAnne Leu: 9183 3547 (CEA Reg. No.: R*****2B) DTZ Debenham Tie Leung (SEA) Pte Ltd Estate Agent Licence No: L*****01G
      42 words
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      Lock icon Page 32 Advertisements Column 4
      80 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? Ill CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. w specialist mortgage Web
      80 words
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      45 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)
      45 words
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      Lock icon Page 33 Advertisements Column 2
      148 33 Freehold Residential Site SHAN GATE APARTMENTS 2 SHAN 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 Good connectivity via PIE and GTE Near Zhongshan Park, hotels, offices and shopping Close proximity to Square 2, Novena Medical Hub,
      148 words
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  • TIES THAT THRIVE
    • Article, Illustration
      Lock icon Asset manager makes big strides
      1431 34  -  Ascendas is a picture of success today with its footprint in the most dynamic region of the world, reports TEH HOOI LING reportsTEH TEH HOOI LING SINCE its initial forays into the region to Suzhou and Bangalore in the early 90s under the Si-no-Singapore and
      ARTHUR LEE  -  1,431 words
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      105 34 r A Hfi i J anz.com.sg Australia and New Zealand Banking Group Limited (ANZ) 2012 ABN 11 005 357 522 The bank that connects y#u to opportunities across Asia Pacific. ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who
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