The Business Times, 18 September 2012

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Microfilm: NL32236
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, eptember 18, 2012
    25 words
  • Article
    Lock icon Property here may sizzle from QE3 heat
    855 1  -  Cash may flow into S’pore market and raise the possibility of further cooling measures By MINDY TAN, TEH SHI NING [SINGAPORE] The possibility of a fresh wave of capital flows into Singapore as a result of the latest round of quantitative easing (QE3)
    855 words
  • Article, Illustration
    Lock icon Japanese firms duck for cover in China
    787 1  -  Threats of violence and economic backlash rise over island dispute By ANTHONY ROWLEY in Tokyo SOME Japanese factories in China Japan’s biggest trading partner are being temporarily shuttered this week along with other business establishments and schools as sometimes violent anti-Japanese protests continue
    AFP  -  787 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,078.72 (+8.30) GST INDEX FUTURES 3,077.00 (+8.00) GSIMSCI 355.09 (+1.21) GSIMSCI FUTURES 355.20 (+1.30) US$ S$ US$ (S$ per US$) 1.223 (US$/S$ per 1.622 1.983 EURO (US$/S$/€) 1.310 1.603 Foreign currency per US$ S$ YEN 78.40 64.10 RM 3.037 2.483 HK$ 7.753 6.339 BAHT 30.81 25.19 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP Closed NIKKEI 225 Closed HANG SENG 20,658.11 +28.33 SET INDEX 1,278.54 +2.42 JAKARTA COMP 4,255.29 -1.72 MANILA COMP 5,350.90 +28.43 SEOUL COMP 2,002.35 -5.23 SHENZHEN B 567.74 -13.90 MUMBAI IND 18,542.31 +78.04 12 noon EDT Change DOW 13,559.03 -34.34 NASDAQ 3,175.07 -8.88
      47 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14,693 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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      140 1 SME Inc Yew Lee Metal Works racking up a regional reputation page 14 PROPERTY Green Lodge sold for $191.888m PAGE 31 PRODUCTIVITY MATTERS When man meets machine PAGE 15 ULYSSE NARDIN Since 1846 Le Locle Suisse Marine Chronometer Manufacture Manufacture chronometer movement with Silicium TECHNOLOGY. SELF-WINDING. WATER-RESISTANT TO 200 M.
      140 words
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      458 2 Property here may sizzle from QE3 heat THE possibility of a fresh wave of capital flows into Singapore as a result of the latest round of quantitative easing in the US has raised the prospect that the property market could heat up again. This, in turn, could lead
      458 words
    • Article, Illustration
      Lock icon Risk of technical recession rises as August exports dive
      671 2  -  Both electronic and non-electronic shipments hit as key exports drop 10.6% By CHUANG PECK MING [SINGAPORE] A technical recession is now within sight, drawn closer by last month’s dreadful trade numbers. While the talk of a technical recession in the third
      Source: IE Singapore  -  671 words
    • Article, Illustration
      Lock icon QE3 may add twist to inflation-growth balance
      835 2  -  By TEH SHI NING [SINGAPORE] What has for months been deemed a delicate balancing act for Singapore’s central bank tasked with ensuring “non-inflationary economic growth” could turn more challenging yet. Even as last month’s double-digit drop in exports underscored Singap o r e
      BLOOMBERG  -  835 words
    • Article
      Lock icon Changi’s hub status a top priority
      443 2  -  Josephine Teo gives govt’s assurance, urges airport to face competition head-on By VEN SREENIVASAN [SINGAPORE] The government will do whatever is needed to ensure that Changi Airport remains an attractive and thriving hub airport. Minister of State for Transport and Finance Josephine Teo said
      443 words
    • Article, Illustration
      Lock icon Tiger Airways on turnaround path, operations stable
      774 4  -  Australia flights on the rise with losses narrowing, regional business growing By VEN SREENIVASAN [SINGAPORE] Tiger Airways is on the rebound, with Australian operations turning around while the South-east Asian business continues to grow steadily, according to its new group chief executive Koay
      FILE PHOTO  -  774 words
    • Article
      Lock icon Number of Asian rich with at least US$30m down 2.1%
      728 4  -  Wealth-X says fall led by Japan, China and India By SIOW LI SEN [SINGAPORE] Asia may be a powerhouse but the growing ranks of its super rich took a hit this year. The number of Asian ultra high net worth
      728 words
    • Article
      Lock icon Private home sales down 27% in August
      967 4  -  Developers defer major launches due to Ghost Month By FELDA CHAY [SINGAPORE] A dearth of major new project launches in August as developers avoided the Hungry Ghost month led sales of private residential homes, excluding executive condominiums (ECs), to fall 27 per cent
      967 words
    • Article
      Lock icon PM Singh bounces back with big-bang reforms
      700 4  -  Overdue package will help boost economic growth in India By NEETA LAL in New Delhi INDIAN Prime Minister Manmohan Singh’s Congress party-helmed government went from slumberous to supersonic in the space of 24 hours by announcing big-bang economic reforms last Friday that, analysts
      700 words
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      175 2 THE CSISG METHODOLOGY AND CAPABILITIES PROGRAM In SMU SINGAPORE MANAGEMENT UNIVERSITY DISCOVER THE UNIQUE BENCHMARKING INSIGHTS OF THE NATIONAL STANDARD IN QUANTITATIVE CUSTOMER SATISFACTION MEASUREMENT This full-day program provides management executives with a comprehensive look into the Customer Satisfaction Index of Singapore (CSISG), Singapore’s nationally adopted customer satisfaction measure. Participants
      175 words
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      216 3 _1 yMm I )V J r K y m a X'iio. v r I n mm a kh mm s c m s a h S!E^??S?~£C ni M wsoMauwy.> Wanm® 'WomsTiinon'iffiniasw Ya«%|fTiliniSVJITOt3'K st S3' I! S o L* m i ~9 m e*2* i C if, ■V I 1 <■■
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Oei mulls court action in Intraco stake saga
      543 6  -  He is seeking advice to ‘pursue all legal remedies’ available to him By KENNETH LIM VETERAN investor Oei Hong Leong is seeking legal advice on scuttled discussions to buy a 29.87 per cent stake in Intraco, according to an announcement on the
      FILE PHOTO  -  543 words
    • Article
      Lock icon Citi’s S-EA financial institutions head resigns
      223 6 Reuters [SINGAPORE] Citigroup’s Southeast Asia head of financial institutions, David Khoo, has resigned less than two years after joining the US bank, a banking source with direct knowledge of the matter said yesterday. Mr Khoo, who has also worked for RBS and ABN AMRO,
      Reuters  -  223 words
    • Article
      Lock icon Cambridge Industrial Trust buys 2 properties
      309 6  -  Acquired at $56.3m, they will help to diversify portfolio By ZEINAB YUSUF SAIWALLA CAMBRIDGE Industrial Trust (CIT) is acquiring two industrial properties in the northern part of Singapore for $56.3 million. The consideration for the first property, a light industrial building located at 30
      309 words
    • Article
      Lock icon ST Aerospace sets up rotables unit
      281 6  -  By JOYCE HOOI SINGAPORE Technologies Aerospace (ST Aerospace) the aerospace arm of ST Engineering has set up a wholly-owned subsidiary called ST Aerospace Rotables Pte Ltd (STAR). STAR, which has a paid-up capital of US$1.5 million, is a global asset services company which will
      281 words
    • Article
      Lock icon SembMarine buys UK firm for £2.5m
      350 10  -  Purchase of SLP Engineering gives it UK footprint to reach N Sea clients By CAI HAOXIANG RIG builder Sembcorp Marine has made a foray into the UK market by buying offshore engineering firm SLP Engineering for £2.5 million (S$4.96 million). SLP will be renamed
      350 words
    • Article, Illustration
      Lock icon Grand Banks proposes share placement
      502 10  -  By TEO SI JIA AS part of its bid to return to profitability, luxury motor yachts maker Grand Banks Yachts is placing shares to two parties, including a trust linked to Genting Group’s Lim Kok Thay. Grand Banks Yachts, which has been on Singapore Exchange’s
      FILE PHOTO  -  502 words
    • Article
      Lock icon Eastspring favours Philippine, Indonesian debt
      644 10 Bloomberg [SINGAPORE] Eastspring Investments (Singapore) Ltd, whose fund targeting the riskiest Asian bonds has topped 95 per cent of competitors, favours debt from the Philippines and Indonesia that have different rankings from Moody’s Investors Service and Standard Poor’s. The US$72 million Asian High Yield Bond
      Bloomberg  -  644 words
    • COMPANY BRIEFS
      • Article
        Lock icon ComfortDelGro buys out car rental business
        102 10 COMFORTDELGRO Corporation, through 80 per cent owned subsidiary Nanning Comfort Transportation, has acquired a 10 per cent interest in Nanning ComfortDelGro Rent-A-Car (Nanning CDG RAC) for half a million yuan (S$96,389). Nanning CDG RAC is a car rental and leasing business set up by
        102 words
      • Article
        Lock icon New service deal for SIA Engg CEO
        150 10 SIA Engineering president and chief executive officer William Tan Seng Koon will get a new two-year service agreement, effective when his current agreement expires on June 30, 2013. Mr Tan was appointed as CEO of the group in May 2001, and as director
        150 words
      • Article
        Lock icon Change of MD at Goodpack
        85 10 GOODPACK’s executive chairman and managing director David Lam Choon Sen stepped down as managing director yesterday. Mr Lam retains the executive chairman position to focus more on strategic aspects of the group’s business. Executive director and brother-in-law Michael Liew Yew Pin assumed the MD post.
        85 words
      • Article
        Lock icon China Sun clarifies audit, valuation reports
        159 10 CHINA Sun Bio-Chem Technology Group, in which share trading is still suspended, said that the valuation made on its subsidiaries was conducted by Beijing Haixia Assets Appraisal, a PRC certified public valuer firm and in accordance with the asset valuation standards of China. It
        159 words
    • Article
      Lock icon Investor Relations Highlights
      297 10 ShareInvestor A SUBSIDIARY OF Sfh Swiber Reports 66.0% Surge In Net Profit SGX Mainboard-listed Swiber Holdings Limited, a world class integrated construction and support services provider to the offshore oil and gas industry, reported a 66.0% surge in net profit to US$20.9 million for the three months
      297 words
    • Article
      Lock icon Courage Marine taking stake in Santarli Realty
      441 12  -  Shipping firm resumes plans to buy 10% of property joint venture By TEO SI JIA PRESSURED by a weak dry bulk market, Courage Marine Group is seeking another lifeline by diversifying its business. The shipping company has resumed its plans to purchase 10
      441 words
    • Article, Illustration
      Lock icon A$ held in up to 23 central banks: RBA
      883 12 It may explain the Aussie’s strength despite fall in nation’s terms of trade Bloomberg [SYDNEY] The Reserve Bank of Australia said that the country’s currency is held by as many as 23 national central banks from Brasilia to Moscow whose purchases
      Bloomberg; BLOOMBERG  -  883 words
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      215 7 ANewChapt r Begins Today, One Raffles Place celebrates the grand opening of its second tower which will add about 360,000 square feet of prime Grade A office space to Singapore’s Central Business District. Towers One and Two, together with the retail mall, are known as One Raffles Place. A rich
      215 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stock punting returns
      592 8  -  Europe, US easing news help turnover improve but STI’s gain momentum slows to 8.3 points for the day STOCKS R SIVANITHY Senior Correspondent FOR the local market, the return of “risk on” brought on by last week’s news of a third round of “quantitative easing” (QE3)
      Source: Bloomberg  -  592 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 3 1 0 0 0 13 3 1 Manufacturing 65 45 48 8 3 12 73 48 60 Commerce 33 16 19 5 2 4 38 18 23 Tpt/Stor/Comms 29 8 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,590 21,590 58,079 58,079 Manufacturing 560,487 181,780 742,267 383,873 2,480 386,353 Commerce 309,959 26,236 336,195 198,755 1,531 200,286 Tpt/Stor/Comms 143,945 15,942 159,887 169,309 4,966 174,275 Finance 23,853 2,380 26,233 128,557 1,053 129,610 Construction 189,653 2,790
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.650 CapitaLand 3.230 +0.050 CapitaMall 1.975 -0.015 CityDev 11.670 +0.270 ComfortDelGro 1.660 +0.010 DBS Grp 14.620 -0.090 F&N 8.970 GLP 2.530 -0.060 Genting SP 1.400 +0.020 Golden Agri 0.690 HK Land 6.030 -0.070 JMH 54.300 -0.200 JSH
      111 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Sep 17 VALUE CLOSE BT OB/OS 605.00 +150.0 BT CADI -*****.00 +158.0 BT 10-day MA -*****.00 +60.00 FTSE ST Mid Cap 730.98 +2.93 FTSE ST Small Cap 492.37 +4.51 FTSE ST All Share 749.81 +2.44 FTSE ST China Top 204.43 +1.16 FTSE ST China 221.23 +0.88 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME MDR 135,441,000 Equation 103,479,000 IPCO Intl 88,251,000 Golden Agri 85,432,000 Yoma 78,516,000 Contel 77,348,000 GSH Corp 72,767,000 Noble Grp 72,256,000 Genting SP 69,147,000 Ntegrator 66,686,000 VALUE($) Wilmar 108,045,070 Noble Grp 98,777,080 Genting SP 97,197,425 F&N 74,806,140 Golden Agri 59,393,055 CapitaLand 53,973,390 UOB 40,885,120 DBS Grp 38,913,870
      56 words
    • Article
      Lock icon BROKERS’ TAKE
      965 8  -  Compiled by CAI HAOXIANG Tiger Airways Sept 17 close: S$0.745 CIMB Research, Sept 14 WHILE Tiger’s turnaround is underway, potential roadblocks in Australia trigger a downgrade from “outperform” to “neutral”. We now forecast bigger FY2013 losses and cut FY2014-15 EPS (earnings per share) by 6 per cent for
      965 words
    • Article, Illustration
      Lock icon US dollar stays close to 7-month low
      537 8 CURRENCIES Reuters [LONDON] The US dollar stayed close to a seven-month low yesterday and was expected to remain weak after the US Federal Reserve last week embarked on a new bout of aggressive monetary stimulus, with any recovery likely to be modest. The
      Reuters; AFP  -  537 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 551.3 4.4 DBXT E50 10US$ 3957 245.7 5.4 Lyxor Europe 10 US$ 1257 122.2 8.6 CityDev.ES.1209 1171 54.0 4.8 IS MSCI Spore 1361 52.6 3.3 DBXT SPASX200 10US$ 3573 48.9 1.1 DBXT MSINDIA 10US$ 864 42.8 4.2 DBXT MSEurope 10US$ 4671
      113 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -85.6 -0.4 DBXT iBoxxSing 5SG$ ***** -39.0 -0.3 JMH 5430 -24.5 -0.4 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 DBXT CSI300 10US$ 710 -15.9 -1.8 DBXT S&P Short 10US$ 3453 -12.2 -0.3 OCBC Bk 4.5%NCPS 100 ***** -10.0 -0.1 DBS Grp
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      116 9 PATEK PH L PPE GENEVE Begin your own tradition. 9 I r A V v 54 s N' 1 S i f jmS IBS S* w, mrnii K r > i 1 \f\ v I o Hi «PJBC2r«i 3 r /> V. •>tS3s3B" r f P 7 i T a
      116 words
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      125 10 SHARElNVESTOR.com The Pulse Of Trading Congratulation to all our lucky draw winners! Top Prize 2nd Prize 3rd Prize Lai Hui Chang J Wong Seng Chak Tay Kin Hock 6th Prize Sharelnvestor Station Upgrade/Extension (10 winners) Lam Peter Sim Winston Loh Quek Po Yong Sian Kui Heng Tan Geu Chuan Phua
      125 words
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      20 10 www.omy.sg a x yapps L A 3ft n ■•j omy News omy Showbiz msflu 2AASK £SJ«aU MSA** mK«f5 J3JSQR Code.
      20 words
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      Lock icon Page 10 Advertisements Column 3
      15 10 m (UHL fMK SINGAPORE'S hottest hits HEAR the wamt?D'S HOTTEST HITS ONHOTFM 91.3 I ET
      15 words
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      817 11 siAs Securities Investors Association (Singapore) Presents WEEK 3rd Corporate Governance Week 2012 ACHIEVING EXCELLENCE IN CORPORATE GOVERNANCE 1 WEEK OF CORPORATE GOVERNANCE PROGRAMMES o -J ft! CO 1st 2nd October 2012: Asian Investors' Corporate Governance Conference Theme: "Role of Corporate Governance In Restructuring Economies" Guest-of-Honour: Mr Ravi Menon, Managing Director,
      817 words
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      704 12 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements BEATS NOTICES Facing Your Challenges To Get Ahead STJOBS No.1 Who should attend: Executive Management, Middle Management, Marketing PR Professionals, HR Practitioners and Customer Service Managers. FULL-DAY WORKSHOPS Register at www.stjobs.sg/seminars No.1 Recruitment site in
      704 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon SP awards contracts for next-gen network
      428 13  -  Work on $2b deep tunnel network for power cables to start at year-end By ANDREA SOH SINGAPORE Power (SP) has awarded contracts for its biggest project yet a $2 billion next-generation power network to five construction companies. The network, comprising two ultra-deep, extrahigh voltage
      428 words
    • Article, Illustration
      Lock icon CPF Board’s space at 79 Anson Rd up for sale
      680 13  -  CBRE expects at least $200m or $2,000 psf By KALPANA RASHIWALA THE Central Provident Fund Board has put its space at the freehold 79 Anson Road up for sale. The price expected to be achieved for the mostly office space
      680 words
    • Article
      Lock icon IFF opens new facility in Jurong
      329 13  -  By ANDREA SOH INTERNATIONAL Flavors Fragrances (IFF) yesterday opened a new manufacturing facility in Jurong as part of a previously announced US$100 million investment in Asia. The plant, which will produce liquid flavours and fragrances, replaces its existing plant in the same area, but
      329 words
    • Article
      Lock icon CFOs: Risk reduction more crucial than firm’s growth
      318 13  -  By ZEINAB YUSUF SAIWALLA TOP financial leaders in Singapore are more concerned with reducing risks compared to increasing business growth, according to results from a survey conducted by finance and accounting specialist recruitment firm Robert Half. Twenty-six per cent of chief financial
      318 words
    • Article
      Lock icon Court battle begins over Jin Shan Lou ownership
      655 13  -  By GRACE LEONG THE case about disputed ownership of Chinese finedining restaurant Jin Shan Lou started in the High Court yesterday. Yeoh Wee Liat and HRT Corp, shareholders of Next Capital Pte Ltd that owns the Marina Bay Sands (MBS) restaurant, separately
      655 words
    • Article
      Lock icon Shaw not appealing 12-week jail sentence
      414 13  -  By GRACE LEONG HOWARD Shaw is not proceeding with a petition to appeal a 12-week jail sentence for one count of paid sex with a minor, BT has learned. A Subordinate Courts spokeswoman confirmed to BT yesterday that Shaw has decided not to proceed
      414 words
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  • SME Inc
    • Article, Illustration
      Lock icon Racking up a regional reputation
      1255 14  -  Yew Lee Metal Works is a Distinguished Award winner in the SME One Asia Awards, reports VICTOR KATHEYAS reportsVICTOR VICTOR KATHEYAS THE name Yew Lee Metal Works may seem unfamiliar, but that may be because the company has never tried to raise its public profile
      ARTHUR LEE  -  1,255 words
    • Article
      Lock icon Does your business have enough protection?
      1125 14  -  Appropriate insurance coverage is vital to safeguard your company against unforeseeable circumstances that could ruin your business COMMENTARY By CHRISTIE CHU The writer is business head of Global Enterprise Banking at OCBC Bank IMAGINE a window panel from a building falling a few storeys
      1,125 words
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      65 14 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon When man meets machine
      1013 15  -  Automation and staff training have paid off for SAESL, reports JOYCE HOOI reportsJOYCE TRANSPORT ENGINEERING: AEROSPACE JOYCE HOOI WHILE Singapore Aero Engine Services Private Limited (SAESL) might be primarily concerned with the well-being of the machines that pass through its doors, it has found that there
      YEN MENG JIIN  -  1,013 words
    • Article
      Lock icon Where to go
      569 15 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Productivity and Innovation Credit (PIC) SMEs can get a $5,000 innovation voucher for technology innovation
      569 words
    • Article, Illustration
      Lock icon ERP software moves Onn Wah into new era
      1079 15  -  By LYNN KAN AN $80,000 floor-to-ceiling tool cabinet holds pride of place at Onn Wah Precision Machining, a family-owned company that manufactures complex widgets for the aerospace industry. Its price tag is hefty, but the money was spent to purchase a different
      YEN MENG JIIN  -  1,079 words
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  • MALAYS IA/IN DON ESI A
    • Article, Illustration
      Lock icon Doubts linger over Malaysia’s economic makeover
      1060 16 ETP offers good solutions but follow-through remains murky Reuters [KUALA LUMPUR] On an idyllic coast in Malaysia, private investors are planning a world-class “eco-nature resort” as one part of the government’s ambitious US$444 billion economic makeover that it hopes will help leapfrog the country
      Reuters; REUTERS  -  1,060 words
    • Article
      Lock icon Bank consolidation looms as Indonesia plans new rules
      213 16 Reuters [JAKARTA] Indonesia’s central bank plans to roll out new banking regulations in October or November that will link the kind of services lenders can provide to the strength of their capital, a move that could force some smaller banks to raise
      Reuters  -  213 words
    • Article
      Lock icon PT Timah to maintain tin output this year
      197 16 Reuters [JAKARTA] Indonesia’s biggest tin miner PT Timah forecast production would be at least 38,000 tonnes this year, an official at the state-owned firm said on Friday, little-changed from the previous year. Earlier this year, the company said it would produce between
      Reuters  -  197 words
    • Article
      Lock icon Nusa Gapurna plans Reit worth over RM2.5b
      397 16 Assets to include six skyscrapers in PJ Sentral City [KUALA LUMPUR] Nusa Gap urn a Sdn Bhd, a low-key developer, is mulling grouping its assets to form a commercial real estate investment trust (Reit) by 2015, which could potentially be worth more than
      397 words
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      1317 16 B* ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BIEI SHIPPING PTE. LTD. UN MEMBER'S VOLUNTARY LIQUIDATION] (COMPANY REGISTRATION NO, *****1866M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the
      1,317 words
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      185 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AKAN SHIPPING PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANYREGISTRATION NO.*****1863Z) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of
      185 words
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      58 17 Laguna National LAGUNA NATIONAL GOLF AND COUNTRY CLUB BOARD OF DIRECTORS AND MANAGEMENT CONGRATULATE 3 HONG LEONG FINANCE FOR BEING AWARDED FOR THE SECOND TIME BY ASIAN BANKING AND FINANCE 0/ *1 W DOMESTIC FINANCE U COMPANY OF J/ THE YEAR mi ft m 3? s. mt m si IS
      58 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Ghost inventories haunt China’s steel sector
      778 18 Lenders find steel pledged as collateral missing from warehouses Reuters [SHANGHAI] Chinese banks and companies looking to seize steel pledged as collateral by firms that have defaulted on loans are making an uncomfortable discovery: the metal was never in the warehouses in the first
      Reuters  -  778 words
    • Article
      Lock icon Margin scheme slow to fly at Shanghai bourse
      697 18  -  By WINNIE LIU, AYISHAH MA EJ Insight [HONG KONG] Beijing’s recent decision to help brokerage companies grow their margin financing business is likely to attract an increasing number of private equity funds and professional individual investors to small and medium sized enterprises
      EJ Insight  -  697 words
    • Article, Illustration
      Lock icon India’s ‘big bang Friday’ reforms likely to stick
      948 18 ANALYSIS Reuters [NEW DELHI] There were quiet celebrations in the offices of Indian Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy. In the space of 24 hours, Mr
      Reuters  -  948 words
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      350 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices WEE HUR HOLDINGS LTD. (Company Registration Number *****9510K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Wee Hur Holdings Ltd. (the “Company”) will be held at Quality Hotel Singapore,
      350 words
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      363 18 AC Quant société d’investissement à capital variable Registered office: 5, Heienhaff, L-1736 Senningerberg Grand Duchy of Luxembourg R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the “Company”) are hereby invited to attend the GENERAL MEETING OF SHAREHOLDERS which will be held at 11 am on 4 October 2012 at
      363 words
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      188 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NORTHERN HEMISPHERE INVESTMENTS PTE. LTD. Company No. *****5816Z (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of
      188 words
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      47 18 Post-Olympic effect emerges four years after 2008 LiNing expected tosuffer losses thisyear expected is; J5 to sinter losses ft *4 this year i-fiiriB To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg I Call 1800 289 8822 or j e-mail notices@sph.com.sg to place |J your AGM EGM Notices
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  • ECONOMY WATCH
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      Lock icon Indian rates on hold despite bold govt steps
      751 19 Central bank says priority is fighting inflation, cuts banks’ cash reserve ratio Reuters [MUMBAI] India’s central bank yesterday left interest rates unchanged but cut the cash reserve ratio for banks, disappointing market hopes that it would follow up the government’s unexpected spate
      Reuters; PHOTOS: REUTERS  -  751 words
    • Article
      Lock icon Think tank cuts forecasts for Korea’s growth
      501 19 KDI sees only 2.5% rise for 2012 and 3.4% for next year Reuters AFP [SEOUL] South Korea’s influential government think tank yesterday slashed its 2012 and 2013 economic growth forecasts, calling for more expansionary policy to counter the impact from the protracted eurozone
      Reuters; AFP  -  501 words
  • Page 19 Advertisements
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      137 19 TOKY U.H With ANA’s network, we take you from Singapore to the United States via Tokyo with no hassles. New York Washington D.C Los Angeles Chic go San Francisco Seattle M ia Wfl mm ii Launching the flight service between Singapore and Seattle! The flight between Narita and Seattle has
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  • WORLD
    • Article, Illustration
      Lock icon Spanish banks lose deposits as govt debates bailout
      650 20 Analysts say rising loan-to-deposit ratio may lead to credit squeeze and haircuts Bloomberg [MADRID] Spanish banks, already hooked on cheap European Central Bank loans, are haemorrhaging deposits as the government debates whether to seek a bailout. Households and companies drained 26 billion
      Bloomberg; REUTERS  -  650 words
    • Article
      Lock icon Pre-orders for iPhone 5 top 2m in 24 hours
      451 20 This makes it the fastest-selling iPhone ever Reuters [NEW YORK] Demand for Apple’s new smartphone, the iPhone 5, has exceeded initial supply, making it the fastest-selling iPhone ever and pushing the delivery date for some pre-orders to next month. Apple said
      Reuters  -  451 words
    • Article
      Lock icon Shell to delay drilling in Arctic
      374 20 AFP [LONDON] Royal Dutch Shell yesterday said it was delaying until next year exploratory drilling for oil in offshore Alaska after damage to a dome used to contain any potential spills. “The time required to repair the dome, along with steps we have taken
      AFP  -  374 words
    • Article, Illustration
      Lock icon Ikea’s founder hands over reins to three sons
      331 20 AFP [STOCKHOLM] The founder of Swedish furniture giant Ikea, 86-year-old Ingvar Kamprad, has formally handed over the running of the business to his three sons, a company official told Swedish daily Expressen yesterday. “Ingvar will no longer be there to give his
      AFP; REUTERS FILE PHOTO  -  331 words
    • Article, Illustration
      Lock icon US corporates flag end of earnings boom
      945 21 Global economic slowdown, end of cost-cutting gains will weaken profits NYT [NEW YORK] The boom in US corporate profits, which has far outpaced the gains in the broader economy since the end of the last recession, is faltering. Giants like FedEx and Intel,
      NYT; BLOOMBERG FILE PHOTO  -  945 words
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      Lock icon Lack of finance hits small UK firms’ sentiment
      368 21 Business services, small manufacturers still performing well Reuters [LONDON] Confidence among small British companies fell over the summer, as weak consumer demand and a lack of credit continued to hamper firms’ growth prospects, the Federation of Small Businesses (FSB) said yesterday. The
      Reuters; REUTERS  -  368 words
    • Article, Illustration
      Lock icon A year of record foreign investment for Myanmar
      809 21 Bloomberg [NEW DELHI] Myanmar, shunned since the 1990s for tolerating corruption and human trafficking, is set for record foreign investment in 2012 led by oil companies after the South-east Asian nation took its first steps towards democracy. The country plans its biggest
      Bloomberg; REUTERS FILE PHOTO  -  809 words
    • Article
      Lock icon South Sudan to split Total oil block: govt officials
      758 21 Reuters [JUBA, South Sudan] Newly independent South Sudan has decided to break up a massive oil concession largely held by Total into three blocks, granting one to the French energy company and the others to two foreign firms, government officials say.
      Reuters  -  758 words
    • Article, Illustration
      Lock icon Arnault’s LVMH has 4b euros in Belgium
      755 22 Bank data shows his Brussels-based firms more than tripled assets since 2008 Bloomberg [PARIS] Companies linked to French billionaire Bernard Arnault’s LVMH Moet Hennessy Louis Vuitton have amassed 4 billion euros (S$6.4 billion) in assets in Belgium, where he recently applied for citizenship.
      Bloomberg; REUTERS  -  755 words
    • Article
      Lock icon Changing face of healthcare worldwide
      1054 22 Shortage of workers will hit poor nations more than rich ones Bloomberg [TOKYO] Stephanie Chan spent four years at Manila Doctors College qualifying to work as a nurse overseas. She never left the country. Instead, she switched careers and now earns almost as much monitoring
      Bloomberg  -  1,054 words
    • Article, Illustration
      Lock icon Budget forecast not affected by mining strike yet: S Africa
      489 22 Reuters [STOCKHOLM] South Africa sees no need yet to revise the outlook for its fiscal performance in its 2012 budget plan even if there has been revenue loss due to problems in the mining industry, Finance Minister Pravin Gordhan said.
      Reuters; AFP  -  489 words
    • Article
      Lock icon Cnooc’s Nexen bid may face less opposition
      521 22 This contrasts with BHP’s bid for Potash that Canada rejected Bloomberg [BEIJING] Cnooc Ltd’s US$15.1 billion bid for Cal-gary-based oil company Nexen Inc may face less opposition from Canada’s government than BHP Billiton Ltd’s 2010 offer for Potash Corp of Saskatchewan, said former
      Bloomberg  -  521 words
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      151 20 YEARS OF RACING A NEW CHAPTER IN RACING 170 YEARS IN THE MAKING AT THE SINGAPORE RACECOURSE www.turfclub 1 70. sg i '—I am < r P JUBILEE STAKES 30 SEPTEMBER 2012, SUNDAY Ga/nmemorating the'first ever horseracing event run in Singapore back in 1 84'3, .ttejufeilee.Stakes'celebrates 1 70 year§ of
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Healthy India airlines stand to gain most
      847 23 Move to allow sale of stakes to foreign carriers seen benefiting SpiceJet Bloomberg [MUMBAI] India’s decision allowing airlines to sell stakes of as much as 49 per cent to overseas carriers may be most beneficial to operators least in need of investment. SpiceJet
      Bloomberg; REUTERS  -  847 words
    • Article
      Lock icon JAL’s rebirth mirrors recovery from plane crash
      507 23 Bloomberg [TOKYO] Japan Airlines chairman Masaru Onishi still feels a burning sensation in his stomach each time he climbs Osutaka Ridge, where 27 years ago he helped man a make-shift morgue after one of the carrier’s jets plowed into the mountainside. The former
      Bloomberg  -  507 words
    • Article
      Lock icon Perils of fishing boats being mistaken as pirate vessels
      371 23 Bloomberg [PARIS] The Nordic Fighter tanker was sailing south in the Red Sea as Mohammed Ali Quanas headed west to catch kingfish on Aug 3, 2011, the day he died. He was cooking the evening meal for the seven other men
      Bloomberg  -  371 words
    • Article
      Lock icon BAE calms fears over security impact of EADS deal
      378 23 Reuters [LONDON] British defence group BAE Systems is prepared to ring-fence projects such as the Trident nuclear submarine programme to calm growing fears over the impact on security and employment of its planned merger with European aerospace giant EADS. A source
      Reuters  -  378 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 23 SGX '000 Sep 17 S$ +/-Vol CH Offshore 0.47 0.01 1102 Chuan Hup Hldg 0.26 0.01 318 Cosco Corp 1.00 unch 5442 s$ Ezra Hldgs 1.21 0.05 ***** First Ship Lea 0.12 unch 1266 Freight Links 0.07 unch 4527 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      255 words
    • Article, Illustration
      Lock icon Brazil’s richest man benefits from port delay
      547 23 His mining firm seen readying its own terminal by 2013 Bloomberg [RIO DE JANEIRO] Rio de Janeiro’s port authority said in August 2011 that it expected to publish the bidding rules for a new iron-ore terminal in weeks. The subsequent delay is benefiting
      Bloomberg; BLOOMBERG  -  547 words
    • Article
      Lock icon The Business Times Shipping Times
      1885 26 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      1,885 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      299 23 CRYPTIC CROSSWORD Across 1 Current, cool or hot (11) 9 Smooth Criminal about one’s point of no return (7) 10 Finish cooking meat in iron container (6) 12 Teaches education provided, say, by school head (7) 13 Side following a Labour leader (7) 14 For refrigeration, element often needed initially
      299 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fresh Thai floods pose new challenges
      420 24 EDITORIAL LESS than nine months after Bangkok survived its worst flooding in 50 years, the Thai capital is already bracing itself for a repeat of the high waters that crippled the city as it claimed hundreds of lives and displaced tens of thousands from
      420 words
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      Lock icon Hitting the ceiling of ‘economic stimulus’
      779 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WE are reaching or may already have passed the practical limits of “economic stimulus”. Last week, the Federal Reserve adopted an open-ended bond-buying programme of US$40 billion a month to goad the economy into
      The Washington Post Writers Group  -  779 words
    • Article, Illustration
      Lock icon Investors like QE3, but not Republicans
      1053 24  -  The latter are worried it could add to optimism about Obama’s management of economy LEON HADAR Washington Correspondent THE Federal Reserve stunned investors on Wall Street and lawmakers in Washington when it announced plans to launch a new monetary stimulus programme last Thursday, a
      AFP  -  1,053 words
    • Article, Illustration
      Lock icon Asia market-cap growth remarkable
      1682 25  -  There’re many opportunities for S’pore and also challenges to its continued development as a regional financial hub By PAUL BERNARD The writer is a retired Goldman Sachs partner and served as the firm’s co-director of Asia investment research for 11 years. This is a summary of
      FILE PHOTO  -  1,682 words
    • Article
      Lock icon SIA and CAG are strongly positioned for the future
      570 25  -  LETTER TO THE EDITOR Anthony Prakasam THE op-ed article by Prithpal Singh (‘Just what are CAG, SIA thinking?’, BT, Sept 14) was very unfair towards Singapore Airlines (SIA) and Changi Airport Group (CAG). The decision by Qantas to tie up with
      570 words
    • Article, Illustration
      Lock icon Google has the edge in smartphone war
      800 25  -  By FRANK-JURGEN RICHTER The writer is founder and chairman ofHorasis, a global visions community WHAT does the newest iPhone mean for the future of mobile phones, mobile apps/gaming and mobile payment? Is the future we’ve dreamed of further away than we’d like or
      AP  -  800 words
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  • Page 26 Advertisements
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      34 26 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WON G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      Lock icon Page 26 Advertisements Column 2
      32 26 Experienced ship maintenance findy h ou y r services services wanted. here m the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML LIUJIMLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      1513 27 Transaction date: Sep 17 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 ('000) 145 92.5 AIMSAMPIReit 140 unch 212 141 139.5 139.5 140.5 6 13.4 624.3
      1,513 words
    • Article
      Lock icon SGX CATALIST
      180 28 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
      180 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8151 28 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 0.99/ Aberdeen Asset Mat Asia Limited EM local Ccy Bond .0 9604/ Global Emerging Markets!”
      8,151 words
    • Article
      Lock icon GLOBALQUOTE
      206 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 44.5 25.5 AVJennings A28.5 -1 1 28.5 28.5 28.5 31.5 3.6 12.3 2.3 74.2 41.5 25.5 Genting HK US$ US34 unch ***** 35 34 34 34.5 2238.7
      206 words
    • Article
      Lock icon SGX ETF
      992 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 120 -0.5 11 120.5 120 118.1 122 547.8 127.1 120.4 CIMB APAC Div 100S$D 127 +0.9 12 127 127 127
      992 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      620 29 Sep 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9097.92 9193.27 9081.80 Dec12 9080.00 9235.00 9065.00 9170.00 *****9 *****9 Mar13 9065.00 0 410 MSCI TAIWAN INDEX FUTURES SPOT 276.99 277.44 275.29 Sep12 275.80 278.70 275.20 276.20 ***** *****8 Oct12 275.50 278.30 275.00 276.30
      620 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Sep 14 Index Change Change Change Change Change Change World Preliminary 936.8 1.1 12.9 0.5 7.3 1.4 14.0 EAFE Preliminary 744.2 1.7 9.1 1.6 4.5 2.5 11.1 Europe Preliminary 1134.2 1.7 10.5
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      135 29 As on 14 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 592.45 588.35 586.65 471 GOLD FUT DEC2012 1779.40 1769.50 1772.50 146 CURRENCY EUR-USD FUT SEP2012 1.3162 1.3009 1.3111 1607 EUR-USD FUT DEC2012 1.3163 1.3110 1.3121 377
      135 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Sep 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 12 1736.50 1743.50 1760.25 1742.25 Nov 12 1739.00 1747.25 1765.75 1737.50 Jan 13 1740.00 1748.00 1765.75 1738.25 Mar 13 1702.75 1705.00 1728.25 1701.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 12 56.64
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Sep 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.04 1.18 WTI (Near Mth) 99.02 1.11 Dubai (1-Mth F) 114.37 1.45 Tapis blend 120.75 1.83 Minas 116.90 1.83 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.33 0.89 Jet Kerosene 136.58 1.34 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 29 Sep 17 S$ Bid Offer 1-month 1.2224 1.2234 2-months 1.2224 1.2234 3-months 1.2224 1.2234 6-months 1.2220 1.2231 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon LONDON METALS
      64 29 Sep 14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2200.00 2101.25 3 months 2200.00 2102.00 Copper, Grade A(US$/tonne) Cash 8362.60 8059.25 3 months 8380.00 8075.00 Lead(US$/tonne) Cash 2261.00 2146.50 3 months 2265.00 2157.50 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 29 Sep 14 COCOA (£/tonne) Close Prev High/Low Dec 12 1692 1688 1713/1682 Mar 13 1676 1671 1697/1669 May 13 1680 1676 1700/1675 Jul 13 1685 1680 1702/1681 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2060 2059 2086/2085 Nov 12 2083 2082 2107/2071 Jan 13 2097 2095 2119/2089 Mar 13 2111
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1094 29 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 1 146 582 5.50 20 Conv Ratio Baker Technology Ltd W*****6 0.7 unch 8672 1 32 -1 47.14 2 Price Best World Intl Ltd W*****5 0.3 1
      1,094 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 Sep 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 6.652 0.804 8.167 56.907 99.678 0.826 11.758 3.199 1.270 99.615 43.848 1.288 8.703 0.978 30.861 32.455 0.650 1.053 Canada 0.977 6.500
      470 words
    • Article
      Lock icon SIBOR
      60 29 Sep 17 (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$) 3 mths 0.***** 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
      60 words
    • Article
      Lock icon PRECIOUS METALS
      136 29 Sep 17 ■‘."1 tcj jv> >? u t* (Idiiu (ftjfitj »ril ju in/& IcwMi ■Mil "'v rwy; 'Wl 1 ilHn '.■7J15 iTnJiS Source: Thomson Reuters CAST BAR Sep 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 167 70 5gm 475 348 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 29 Sep 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.3 0.32 0.32 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.97 5-Year N*****0Z 2.375
      92 words
    • Article
      Lock icon PALM OIL
      53 29 Sep 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2794.0 924 Oct 12 2869.0 2855.0 2876.0 2842.0 779 5852 Nov 12 2937.0 2912.0 2945.0 2905.0 ***** ***** Dec 12 2980.0 2955.0 2993.0 2952.0 ***** *****
      53 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 Sep 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2871 1.2893 1.0529 1.0539 Canadian dollar 1.2581 1.2594 1.0294 1.0292 Euro 1.6016 1.6035 1.3102 1.3107 NZ dollar 1.0136 1.0157 0.8292 0.8302 Sterling pound 1.9821 1.9842 1.6215 1.6219
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Sep 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.253 Can dollar 1.286 1.225 Euro 1.638 1.560 Sterling pound 2.017 1.940 NZ dollar 1.040 0.991 US dollar 1.238 1.191 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 29 Sep 17 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.80 0.60 9 months 1.00 0.80 12
      155 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Home prices in Denmark rise after two years
      374 30 Bloomberg [COPENHAGEN] Danish property prices rose for the first time in two years, adding to signs that the Nordic country is emerging from its housing crisis, as record-low interest rates feed demand for mortgages. House prices rose in the second quarter by
      Bloomberg; BLOOMBERG  -  374 words
    • Article, Illustration
      Lock icon Student housing in UK offers good returns for investors
      1056 30 Yields higher than in other sectors as students are ready to pay a premium Bloomberg [LONDON] Property investors love students like Luke Redhead. The 18-year-old will begin a course at the Liverpool Institute for Performing Arts this month, renting a room
      Bloomberg; BLOOMBERG  -  1,056 words
    • Article, Illustration
      Lock icon Green Lodge sold for $191.888 million
      621 31  -  Agents observe an uptick in interest for residential collective sales sites By KALPANA RASHIWALA IN the largest freehold residential collective sale so far this year, Green Lodge at Toh Tuck Road has been sold for $191.888 million. DTZ brokered the sale but its senior
      621 words
    • Article
      Lock icon American retailers head north as Canadian dollar gains strength
      849 31 NYT [TORONTO] Nordstrom and Target are about to open stores in Canada, J. Crew and Tory Burch just did so, and Ann Taylor and Kate Spade are scouting locations. US retailers’ extending their reach northward seems like the most obvious of
      NYT  -  849 words
    • Article, Illustration
      Lock icon UAE mall operator MAF’s half-year profit up 17%
      423 31 Reuters [DUBAI] Mall operator Majid Al Futtaim (MAF) reported a 17 per cent rise in half-year operating profit yesterday as tenant revenues in Bahrain and Egypt, previously dampened by Arab Spring unrest, rose, boosting the Dubai-based firm’s income. Unlisted MAF, the franchisee
      Reuters; REUTERS  -  423 words
    • Article
      Lock icon Emaar to build 63-storey hotel in Dubai
      346 31 5-star hotel to have 200 rooms and 542 serviced apartments Bloomberg [DUBAI] Emaar Properties, the United Arab Emirates’ biggest publicly traded developer, plans to build a hotel in Dubai near Burj Khalifa, the world’s tallest tower, to capitalise on the city’s hospitality boom.
      Bloomberg  -  346 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      71 30 V v\ s y//r SP UU rwV rv Ls* ft* 1'S mu mu mu mu FOR SALE 79 ANSON ROAD 16 th to 23 rd storeys (top floors) Freehold •High Quality Strata Offices Strata Area: Approximately 100,007 sq ft 100% occupancy 145 carparking lots Expression of Interest Closing: October 2012
      71 words
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      Lock icon Page 30 Advertisements Column 2
      155 30 INDUSTRIAL SALE LEASEBACK OPPORTUNITY FOR SALE Leasehold Located at Changi close proximity to Expo MRT Station GFA approx. 51,201 sq ft Excellent investment yield Expression Of Interest Contact: Appointed Sole Agent Tel: 6224 8181 Emile Reis (Mr) (CEA Reg. No.: R*****0H) 6 Battery Road #32-01 Singapore *****9 Agency Licence No.:
      155 words
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      Lock icon Page 30 Advertisements Column 3
      173 30 LICENCE NO. L*****39D LAND ZONED FOR BUSINESS 1 FOR SALE BY TENDER JALAN PEMIMPIN/BISHAN Land Area 2,323.7 sq.m (25,012 sq.ft) 999 years leasehold wef. 6 July 1885 Master Plan Zoning Business 1 Allowable Plot Ratio 2.5 No development charge payable for approved GFA of 5,809.25 sq.m (62,530 sq.ft) Between 2
      173 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      83 31 REALSTAR Call Now: 6100 0080 A Classic Quaint GCB with more than 20yrs old history. Rare plot. Expand your creativity, challenge your passion for innovation. Land ***** sqft approx Built 4000sqft approx Asking $20m A Modern Contemporary GCB Swettenham for the discerning few. Land *****sqft approx Built 7000sqft approx Asking
      83 words
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      Lock icon Page 31 Advertisements Column 2
      223 31 RESIDENTIAL DEVELOPMENT WESTERN AUSTRALIA FOR SALE Government commitment to remove ponds Boundaries are indicative only WA, Port Hedland: Corner of McGregor and Clark Streets Site Urban Development Potential for 400+ residential dwellings. Source: town of Port Hedland 12km from the Airport, 200m from the beach. Source: Google Maps Largest Private
      223 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      273 32 h m 0 mii Hi 5# ii JMU W ml V r M <»» V.v W* Ik VV*VfV,V>^ '•‘VV^AVl vViV > »;> >• AV .*V* Vi a’ :v*Va>VaVa; r t*'* V MV. r A ll^p 1 I r^nv.v.v.v.V. m y,#. ij&L' r.** I H|AA iV* 3££ «•%•*•%%•it k iflsto r>’r?-iv.-Y-v-::;
      273 words