The Business Times, 27 September 2012

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Microfilm: NL32237
Total Pages: 72
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, eptember 27, 2012
    25 words
  • Article, Illustration
    Lock icon Cecilia Sue takes the stand
    37 1 The woman at the centre of the sex-for-business-favours scandal testifies that ex-Central Narcotics Bureau chief Ng Boon Gay forced her head into his crotch on four occasions last year I PAGE 4
    37 words
  • Article
    Lock icon Thais to block F&N capital reduction
    575 1  -  Move may nudge shareholders to accept their offer for the company By KENNETH LIM THE Thai consortium seeking control over Fraser Neave (F&N) has declared that it will block a proposed capital reduction for the Singapore conglomerate. With no other concrete plan on the
    575 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,046.68 (-20.45) HST INDEX FUTURES 3,047.00 (-18.00) HSIMSCI 349.80 (-3.00) HSIMSCI FUTURES 350.20 (-2.00) us$ s$ US$ (S$ per US$) 1.232 (US$/S$ per 1.616 1.992 EURO (US$/S$/€) 1.287 1.586 Foreign currency per US$ S$ YEN 77.70 63.00 RM 3.083 2.502 HK$ 7.754 6.293 BAHT 30.99 25.15 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,619.30 +0.72 NIKKEI 225 8,906.70 -184.84 HANG SENG 20,527.73 -170.95 SET INDEX 1,274.50 -12.91 JAKARTA COMP 4,180.16 -46.72 MANILA COMP 5,292.63 -32.54 SEOUL COMP 1,980.44 -10.97 SHENZHEN B 552.40 -3.27 MUMBAI IND 18,632.17 -62.24 12 noon EDT Change DOW 13,444.81 -12.74 NASDAQ 3,092.36 -25.37
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.388 TAIWAN 5.036 JAPAN 1,475 Source: Bloomberg
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  • Article
    Lock icon Technical recession looms large on horizon
    706 1  -  Surprise fall in factory output also strengthens expectations of central bank easing By TEH SHI NING [SINGAPORE] A technical recession now looms larger and with it, stronger expectations that the central bank will loosen monetary policy slightly next month. Singapore’s factory output unexpectedly shrank
    706 words
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      34 1 LEADERS IN UNCHARTED TERRITORY Make safety net strong, and wide PAGE 13 Time to buy? Find out in BT's 40-page Property 2012 special supplement that comes with your copy of The Business Times today
      34 words
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      12 1 OPINION Don’t expect miracles from QE3 and OMT PAGE 25 *****1 *****4
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      104 1 JAPAN Shinzo Abe chosen as LDP’s new leader PAGE 4 PROPERTY Orchard Rd retail rents slide amid revamp PAGE 33 Unleash your creativity. Experiment with your space. This is your home. Gallery. Workplace. Create something extraordinary. Now is the time to explore. Play. Expand your vision. Far East Space Evolves.
      104 words
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  • TOP STORIES
    • Article
      Lock icon SingTel stock hits 3-month low on Temasek share sale
      354 2  -  Temasek said to have pegged deal at low end of price range $3.20 each By JOYCE HOOI [SINGAPORE] SingTel’s share price dropped to its lowest since June in trading yesterday, as news circulated that Temasek Holdings had priced the sale of
      354 words
    • Article, Illustration
      Lock icon Telco trade offers few clues for StanChart
      388 2 REUTERS BREAKINGVIEWS [BEIJING] Will they or won’t they? Every time Temasek tinkers with its portfolio, the Singaporean fund revives speculation that it might also sell its 18 per cent stake in Standard Chartered. Temasek’s decision to offload US$1.1 billion of shares in Singapore
      388 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      562 2 Technical recession looms large on horizon A TECHNICAL recession now looms larger and with it, stronger expectations that the central bank will loosen monetary policy slightly next month. Singapore’s factory output unexpectedly shrank 2.2 per cent in August from a year ago its first contraction in four months
      562 words
    • Article, Illustration
      Lock icon Sue gives graphicdetails of meetings with Ng
      681 4  -  Ex-CNB chief forced her into giving him oral sex, she alleges By GRACE LEONG [SINGAPORE] The woman at the centre of the sex-for-business-favours scandal involving a former Central Narcotics Bureau (CNB) chief took the stand late yesterday afternoon, claiming he forced her head
      SEAH KWANG PENG/THE STRAITS TIMES  -  681 words
    • Article, Illustration
      Lock icon China hawk Abe returns as LDP leader in Japan
      816 4  -  And he has a strong chance of becoming next premier in polls likely by year-end By ANTHONY ROWLEY in Tokyo JAPAN’S main opposition Liberal Democratic Party (LDP) yesterday chose Shinzo Abe to be the party’s new leader. This gives the former
      816 words
    • Article
      Lock icon The nominating committee isn’t an ‘afterthought’
      842 4  -  New KPMG guide provides a template for NCs to do their work more effectively By CAI HAOXIANG [SINGAPORE] The nominating committee (NC) is like the underachieving cousin at the family reunion, watching on the sidelines as the imposingly named audit committee (AC) gets all
      842 words
    • Article, Illustration
      Lock icon Cautious bidding likely for Sengkang, Pasir Ris EC sites
      883 4  -  By MINDY TAN [SINGAPORE] The executive condominium (EC) market may be approaching saturation point, even as the government puts up two more 99-year leasehold EC sites at Sengkang EastWay/Fernvale Link, and Pasir Ris Drive 3/Pasir Ris Rise for sale. The first
      883 words
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      310 2 Legend of the Sees 2012/2013 2N MALACCA CRUISE Dep Date 03 Nov 2012, 06 Feb, 23 Mar 2013 Port-of-call Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date 31 Oct, 09, 16, 23 30 Nov, 07, 14 26 Dec 2012 Port-of-call Singapore, Penang, Malacca Dep Date 22 Feb, 01,08 29
      310 words
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      151 3 www.vw. com. sg The Jetta. Upgrade to First Class motoring. From only $119,800 V A era wit up 1 ■■mt"...- rrfrg! •wwtwwww ■itJ& Lr »vJiftii iii'nifiil<ftmk r J' !2urS£<$S& m Quality German engineering is now available at an equally exceptional price. The Jetta has one of the largest boots in
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      40 6 Check into yo own hotel ro everyday, 24 liilMlIillMLMiilliMliliMMii An irresistible hotel themed package for your home makeover, specially designed for you. Only at stone tiles moz 66 eng watt street 01,06 historic tiong bahru rice-fields.com appointment +65 6227 3456
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Wing Tai’s record bid for condo site will benefit CDL
      953 6  -  HOCK LOCK SIEW By KALPANA RASHIWALA DID the Wing Tai, Metro and UE E&C consortium overpay for their 99-year leasehold private housing site at Prince Charles Crescent at last week’s Urban Redevelopment Authority tender? The consortium’s winning bid of $960.28
      953 words
    • Article
      Lock icon S’pore new debt volumes hit high in Q3
      418 6  -  Both issuance and demand expected to stay strong By KENNETH LIM SINGAPORE corporate bond issuance hit a record high in the third quarter of this year, and industry insiders do not expect the party to end anytime soon. “Despite high demand compressing
      418 words
    • Article
      Lock icon K-Reit takes 50% in Perth project
      264 9  -  35-storey premium Grade A office tower under construction By TEO SI JIA K-REIT Asia has entered into an agreement to acquire a 50 per cent stake in an office tower that is under construction in Perth’s central business district. The aggregate consideration for the
      264 words
    • Article
      Lock icon Armarda’s associate wins another China deal
      619 9  -  Supply of satellite phones to Civil Defense Department By LEE MEIXIAN SATELLITE service provider China Mobile Satellite Communications Group (CMSCG), an associate of Singapore-listed Armarda Group, has inked a deal to supply 3,000 Thuraya satellite phones to China’s Civil Defense Department. Such satellite phones
      619 words
    • Article
      Lock icon GE raises US$462m from selling 7.6% of Bank of Ayudhya
      400 9 Bloomberg [BANGKOK] General Electric Co (GE) has sold a 7.6 per cent stake in Thailand’s Bank of Ayudhya pcl to institutional investors and said it is reviewing “strategic” options for its remaining 25 per cent stake. GE raised about US$462
      Bloomberg  -  400 words
    • Article
      Lock icon Creative unit’s innovation used in 3M product
      263 9  -  By NISHA RAMCHANDANI CREATIVE Technology’s wholly owned subsidiary ZiiLABS has announced that its ZMS StemCell media processor and customised Android software is being used in the new MP220 mobile projector by 3M Mobile Interactive Solutions Division. 3M’s new product is a 65-lumen mobile
      263 words
    • Article
      Lock icon Plans for mid-range condo on Dairy Farm Road site
      384 10  -  Winning bid for 99-yr leasehold land is from First Shine and Meadows Bright By NISHA RAMCHANDANI HAVING landed the tender for a 99-year leasehold private residential site on Dairy Farm Road, First Shine Properties and Meadows Bright Development are planning to
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    • COMPANY BRIEFS
      • Article
        Lock icon Ryobi Kiso secures $24m contracts
        55 10 RYOBI Kiso Holdings said it has recently secured contracts worth about $24 million, bringing the total contract value secured since the beginning of the year to more than $132 million. Its recent contract wins for foundation and geoservices works include projects in both the public
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      • Article
        Lock icon Samsung novates contract works to jv
        85 10 SAMSUNG CTC yesterday signed a deed to novate the main contract works for Phase II of a Shangri-La hotel and real estate in Ulaanbaatar, Mongolia to SCTM, a 70:30 Samsung CTC and MCS Property joint venture. Samsung CTC was awarded the tender for 375.9
        85 words
      • Article
        Lock icon Chip Eng Seng obtains full shareholding in JV
        67 10 CHIP Eng Seng Corporation has raised its shareholding in 242 West Coast Highway Scarborough Pty Ltd from 75 per cent to 100 per cent. Owned through wholly-owned CEL Australia Pty, the joint venture company was incorporated in 2010 with CC 242 West
        67 words
      • Article
        Lock icon Thakral offloads dormant subsidiaries
        105 10 THAKRAL Corporation has disposed of Shanghai Thakral Electronics Industrial Corp (STEICL). Dormant for a number of years, it was transferred to a third party at a nominal consideration of 1.00 yuan (19.38 cents) in August. The group also said that the business license of CAV-Thakral Home
        105 words
      • Article
        Lock icon Surface Mount sells machinery for $2.57m
        105 10 SURFACE Mount Technology (Holdings) said it has sold its machinery in Guangdong for HK$16.26 million (S$2.6 million) via a tender offer. The equipment, comprising machinery located at Ngai Lang Hom District, Dalingshan, Dongguan City, Guangdong province, has ceased production since the last quarter of
        105 words
      • Article
        Lock icon Xpress warns of losses for Q4 and full-year
        90 10 XPRESS Holdings has warned that it expects to record a consolidated loss for the fourth quarter and may even register a loss for the financial year ended July 31, 2012. In a recent review of its trade receivables, the group realised that
        90 words
    • Article
      Lock icon Brightoil to hire traders in S’pore, US
      384 10 Reuters [HONG KONG] Hong Konglisted Brightoil Petroleum (Holdings) Ltd will hire about 10 traders in Singapore and the United States to start physical crude oil trading, a company executive said on Tuesday. The move is part of its plan to become a supplier
      Reuters  -  384 words
    • Article
      Lock icon STATS ChipPAC sells MAT stake for HK$81m
      263 10  -  By TEO SI JIA STATS ChipPAC will be divesting its entire 25 per cent stake in Micro Assembly Technologies (MAT) for HK$80.83 million (S$12.8 million). The equity interest will be taken up by Wuxi China Resources Microelectronics, according to its jointventure agreement signed
      263 words
    • Article, Illustration
      Lock icon ASX: Delay allowing competition in clearing of trades
      349 10 Bloomberg [PERTH] Australia should delay allowing competition in the clearing and settlement of trades until more rigorous tests for competitors are established, according to ASX Ltd, operator of the country’s main stock exchange. “Australia is now considering if there are benefits to
      Bloomberg; BLOOMBERG  -  349 words
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      42 7 BOSS Selection Phone +65 6238 9328 www.hugoboss.com ’i r mm 9 •A jc ?5+ lii •3; m «5SS <2 m m US mmm: B BOSS SELECTION HUGO BOSS Singapore BOSS Selection Store #01-17, ION Orchard 2 Orchard Turn Tel: +65 6238 9328
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Sale of SingTel shares hits ST Index
      584 8  -  Market also dragged down by Wall Street and HK falls and Europe’s soft opening STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday fell 20.45 points to 3,046.68, dragged down by economic worries mainly from the West as well as the
      Source: Bloomberg  -  584 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Sep 26 VALUE CLOSE BT OB/OS 310.00-240.00 BT CADI -*****.00-107.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 734.01 +1.72 FTSE ST Small Cap 496.04 -0.78 FTSE ST All Share 744.52 -3.65 FTSE ST China Top 201.25 -0.80 FTSE ST China 219.29 -0.38 FTSE ST Catalist
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 38 59 44 6 4 8 44 63 52 Commerce 16 27 19 3 2 1 19 29 20 Tpt/Stor/Comms 13 26 3
      186 words
    • Article, Illustration
      Lock icon Ezion Holdings BROKERS’ TAKE
      913 8  -  Compiled by CAI HAOXIANG Sept 26 close: S$1.355 CIMB Research, Sept 26 EZION is on a roll, having secured 12 contracts worth more than US$1 billion in 10 months. Its latest US$200 million contract is the biggest to date, underscoring its growing traction with Asean national
      Source: Bloomberg  -  913 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,875 12,875 49,514 49,514 Manufacturing 403,424 58,117 461,541 204,859 2,170 207,029 Commerce 149,946 3,443 153,389 115,302 179 115,481 Tpt/Stor/Comms 625,971 372 626,343 1,818,161 59 1,818,220 Finance 89,746 2,001 91,747 126,260 880 127,140 Construction 84,464 3,864
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.650 +0.020 CapitaLand 3.190 +0.020 CapitaMall 1.980 +0.010 CityDev 11.550 -0.040 ComfortDelGro 1.680 -0.005 DBS Grp 14.260 -0.120 F&N 8.900 +0.010 GLP 2.510 -0.070 Genting SP 1.375 -0.010 Golden Agri 0.650 +0.010 HK Land 6.000 IHH Healthcare
      111 words
    • Article, Illustration
      Lock icon Euro falls on uncertainty over Spain’s bailout request
      531 8 CURRENCIES Reuters [LONDON] The euro fell to a two-week low against the dollar and the yen yesterday, dragged lower by rising Spanish borrowing costs as uncertainty grew over when Spain might request a bailout. Worries about Spain increased as the Bank of
      Reuters; REUTERS  -  531 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME SingTel 532,821,000 Thai Beverage 102,299,000 AusGroup 84,304,000 Golden Agri 76,825,000 Inno-Pac 74,534,000 Contel 65,695,000 Noble Grp 43,339,000 Hai Leck 37,262,000 UniFiber 32,251,000 EzionHldg 31,728,000 VALUE($) SingTel 1,704,296,610 Noble Grp 57,001,070 Golden Agri 49,444,765 Thai Beverage 43,956,675 EzionHldg 42,455,130 AusGroup 42,426,015 DBS Grp 38,087,160 UOB 33,456,302 Keppel
      55 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP IS MS India 100S$D 761 25.0 3.4 JSH 3430 23.4 0.6 Hyflux 6% CPS 10 ***** 20.0 0.2 Great Eastern 1516 18.0 1.2 JMH 5575 12.3 0.2 DairyFarm 1121 11.1 0.8 OCBC Bk 4.5%NCPS 100 ***** 10.0 0.1 UOB 5.05%NCPS 100 ***** 7.0 0.1 UOL
      108 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN IS S&P500 ***** -110.9 -0.6 DBXT E50 10US$ 3836 -109.7 -2.3 GLD 10US$ ***** -92.4 -0.4 DBXT Nifty 10US$ ***** -81.3 -0.6 Jardine C&C 4805 -75.0 -1.5 DBXT MSEurope 10US$ 4562 -59.2 -1.0 DBXT FTChina25 10US$ 2584 -48.1 -1.5 DBXT MSAsExJp 10US$ 3115 -43.1 -1.1
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      202 9 A STAR ALLIANCE MEMBER £> I FLYfS W M v Speechless? We were too. Be Amazed with Exclusive All-in MasterCard® Deals! FIRST CLASS FARES from: 52,243 Hong Kong 54,043 Tokyo 56,083 Frankfurt London Madrid Milan Munich Paris Rome Zurich BUSINESS CLASS FARES from: 579 3 5-| 203 51 523 Bangkok
      202 words
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      48 10 Work better, work with nature. Experience the first complete SERVICED OFFICE situated in a unique environment, with business solutions to support your every need. Arrange for your personal tour now: 6692 8000 or 9697 8910 info@greenhub.com.sg www.greenhub.com.sg +#2269>7 ;2#<?523 /$*52! 1 =827>#6 -8#: 1 ;?6"8%4#2 )..0)’ AGENTS WELCOME
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      16 10 I 3 SINGAPORE'S Horresr hits HEAR THBWAMTeD'S HOTTEST HITS ON HOT FM 91.3 m W\ I
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      16 10 www.omy.sg a myapps 3ft O St s; ■•j omy News omy Showbiz HrMI35fll« SAASK i¥'lfifft3JSQR Code,
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore tips for Russia in wooing investors
      460 11  -  Kuan Yew: Investors need to feel safe and face minimal red tape By MALMINDERJIT SINGH RUSSIA can take a leaf out of Singapore’s growth story and welcome investors by helping them feel safe and face few impediments in doing business in order to
      460 words
    • Article, Illustration
      Lock icon SCI spreading wings to all the major continents
      967 11  -  By KWOK JEFFERY, LI XIAOHAN, WILLYAM OCTAVIANUS SANUSI The writers are students ofNUS Business School JUST when it was down for the count, Supreme Component International (SCI) caught its second wind in the shape of Vick Aggarwala. The electronic components distributor was
      ARTHUR LEE  -  967 words
    • Article, Illustration
      Lock icon Ong Ye Kung quits to pursue ‘other interests’
      560 11  -  By CHUANG PECK MING ONG Ye Kung, the People’s Action Party (PAP) candidate touted to be of ministerial calibre in the last general election (GE), has quit the labour movement. National Trades Union Congress (NTUC) secretarygeneral Lim Swee Say said in a
      FILE PHOTO  -  560 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon 4% interest for CPF extended
        152 11 THE government has decided to further extend the 4 per cent floor rate for interest earned on all monies in the Special, Medisave and Retirement Account (SMRA) for another year until Dec 31, 2013. This is in view of the continuing uncertainty in the global
        152 words
      • Article
        Lock icon S’pore-UNDP policy research centre
        97 11 MINISTER for Foreign Affairs and Law K Shanmugam, who is in New York for the 67th Session of the United Nations General Assembly, yesterday signed with UNDP Administrator Helen Clark an agreement establishing a Global Centre for Public Service Excellence in Singapore dedicated to policy research
        97 words
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      168 11 GAS GAS ASIA SUMMIT Conference and Networking Marina Bay Sands Singapore 24-25 October 2012 Part of SINGAPORE INTERNATIONAL ENERGY WEEK 22-25 October 2012 A GASTECH REGIONAL EVENT The Role of Natural Gas LNG in the Race to Fuel Asia A B.C. Tripathi Chairman Managing Director GAIL (India) Ltd Duncan van
      168 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Malaysia committed to GST, subsidy cuts
      677 12  -  But with a general election coming up, the unpopular, yet crucial, reforms won’t be introduced soon By S JAYASANKARAN in Kuala Lumpur THE Malaysian government remains committed to implementing a necessary but unpopular goods and services tax (GST) as well as slashing costly subsidies
      677 words
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      1951 12 mate notices 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices COMMUNICATION DESIGN INTERNATIONAL LIMITED (Company Registration No. *****5053Z) (Incorporated in Singapore with limited liability) 10 Bukit Batok Cresent, #04-01 The Spire, Singapore *****9 Tel: 6342 0090 Fax: 6342 0089 rHi O NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that
      1,951 words
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      1932 12 UNION STEEL HOLDINGS LIMITED Co. Reg No. *****0181W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of UNION STEEL HOLDINGS LIMITED will be held at 33 Pioneer Road North Singapore *****4 on Thursday, 18 October 2012 at 10.00
      1,932 words
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  • LEADERS IN UNCHARTED TERRITORY
    • Article, Illustration
      Lock icon Make safety net strong, and wide
      1862 13  -  Businesses have to ensure internal systems are robust and be proactive on managing external risks to thrive, reports KENNETH LIM reportsKENNETH KENNETH LIM ROBUST management of risk and strategy in uncertain times is not just about having a strong safety net, it is also
      1,862 words
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      112 13 CPA Congress 2012 is your guide through uncharted territory. 11 October, Raffles City Convention Centre, Singapore As the world’s economic landscape changes, CPA Congress is your guide through uncharted territory. Featuring a host of experts from a variety of backgrounds, the conference will address pressing business issues and developments, both
      112 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Toyota, Nissan to cut output in China plants
      824 14 Sales of Japanese cars in the country hit by protests over disputed islands Reuters [BEIJING] Japanese carmakers including Toyota Motor Corp and Nissan Motor Co are cutting back production in China in the wake of anti-Japan protests that shuttered dealerships and darkened
      Reuters; AFP FILE PHOTO  -  824 words
    • Article
      Lock icon China advances plan to help solar sector
      418 14 Reuters [SHANGHAI] China yesterday advanced plans to try to prop up its once high-fly-ing solar industry by asking all provinces to provide blueprints by mid-October for how they will increase solar in their power mix by 2015. The export-focused solar panel industry has
      Reuters  -  418 words
    • Article, Illustration
      Lock icon No celebrations for Singh as he turns 80
      484 14 It’s work as usual for India’s PM as messages pour in AFP [NEW DELHI] India’s Prime Minister Manmohan Singh was expected to mark his 80th birthday yesterday working as usual as congratulatory messages arrived from home and overseas. Mr Singh, known as
      AFP; AP  -  484 words
    • Article
      Lock icon Reliance likely to bid for mobile phone spectrum
      624 14 Bloomberg [MUMBAI] Reliance Industries Ltd is likely to bid for Indian mo-bile-phone spectrum in November as billionaire Mukesh Ambani seeks to complement his broadband business, according to a person with knowledge of the matter. Reliance, India’s most valuable company, was among the
      Bloomberg  -  624 words
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      97 14 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 01 October 2012 Tenor Approximately 2 years Total Amount Allotted SGD 2,000,000,000 Amount Allotted to Non-Competitive Applications SGD 120,725,000 Amount Allotted to MAS Nil Total Amount Applied SGD 3,467,775,000 Coupon Rate 1.375%
      97 words
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      347 15 101 YEARS IN SINGAPORE Founded in 1902, the Air Liquide Group is the world leader in gases for industry, health and the environment, operating in more than 80 countries with 46,000 employees worldwide. This year, Air Liquide celebrates its 101st year of operation in Singapore. Serving Singapore since 1911, Air
      347 words
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  • ECONOMY WATCH
    • Article
      Lock icon BOJ survey set to signal weaker Q3 sentiment
      736 16 Deflation looms, with August consumer prices expected to slump 0.3% Bloomberg [TOKYO] Japan’s biggest manufacturers probably grew more pessimistic this quarter as China’s slowdown and Europe’s crisis sapped exports, putting pressure on the central bank to add to this month’s surprise monetary
      Bloomberg  -  736 words
    • Article, Illustration
      Lock icon Michael Kors luxury beats US economy’s blahs
      595 16 AFP [NEW YORK] Since his Wall Street debut last December, upscale US fashion designer Michael Kors has seen profits soar and share value almost triple proof of the luxury sector’s resilience amid a torpid economy. The eponymous ready-to-wear brand, launched in 1981 and
      AFP; PHOTOS: AP, MICHAEL KORS  -  595 words
    • Article
      Lock icon Global warming slowing down world economy
      457 16 Report paints grim picture of fallout of climate change AFP [NEW YORK] Climate change caused by global warming is slowing down world economic output by 1.6 per cent a year and will lead to a doubling of costs in the next two decades, a
      AFP  -  457 words
    • Article
      Lock icon Philippines posts budget surplus in August
      276 16 Reuters [MANILA] The Philippines posted a budget surplus of 2.52 billion pesos (S$74.2 million) last month, after three straight months of deficits, giving the government more room to step up spending in the last quarter and help cushion the economy from the global slowdown.
      Reuters  -  276 words
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      59 16 CRAB YOUR OCTOBER ISSUE NOW! Free! 36-Page Guide To Si yle STRONGER! Pi illWITH 3 MOVES i IN 8 WEEKS t THE fv WORKOUT y THAT FIGHTS V KILLER DISEASES PM HOTWIRE HER BODY SHE'LLBE PURRING FDR MORE K1H-APPROVED EXTRA! 36-PAGE GUIDE TO STYLE! M Ith ii i:f* > WATCH
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      38 16 CULTURE CONNECTION Indian classical arts give children from the Indian diaspora a chance to stay in touch with their roots FORCE INDIA SHINES AT SINGAPORE GRAND PRIX GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      721 16 >®' SATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NEL GROUP LTD. (Incorporated in Singapore on 8 April 1995) (Company Registration Number: *****2443R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of NEL Group Ltd. (the “Company”) will be held at Ritzcorp Business Centre,
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  • WORLD
    • Article, Illustration
      Lock icon Germany aims to take lead in curbing high-speed trades
      770 17 Draft law includes licensing of such traders and capping orders to limit risks NYT [BERLIN] Germany intends to be one of the first countries to try to put the brakes on high-frequency trading, the computer-driven force that has been rattling stock
      NYT; AFP  -  770 words
    • Article
      Lock icon Manila lures Japan firms hit by isles row
      314 17 AFP [MANILA] The Philippines is seeking to lure investment from Japanese companies that are being hurt by their country’s bitter territorial dispute with China, a senior trade official said yesterday. Japanese firms in China have been targeted in recent weeks by demonstrators
      AFP  -  314 words
    • Article
      Lock icon Eurozone will find it hard to forge fiscal union: Brown
      332 17 Ex-UK PM points to wide gap between rich and poor states Reuters [NEW YORK] Europe is enjoying a moment of calm due to the European Central Bank’s plan to buy debt of eurozone countries, but the region will struggle to
      Reuters  -  332 words
    • Article, Illustration
      Lock icon French wealth tax hinges on labour concessions
      950 20 Hollande could use tax to push through tough measures like cutting labour costs Bloomberg [PARIS] The success of French President Francois Hollande’s millionaire tax may hinge on what he gets labour unions to concede in return. Mr Hollande’s election pledge to tax income
      Bloomberg; BLOOMBERG  -  950 words
    • Article
      Lock icon JP Morgan backs Dubai online retailer
      266 20 The bank and a London fund invest US$20m in Namshi Reuters [DUBAI] JP Morgan Chase and Blakeney Management have invested over US$20 million in a Dubai-based e-commerce firm which sells designer clothing, a sign that global investors are interested in the Middle East’s nascent
      Reuters  -  266 words
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      Lock icon Moon River crooner Andy Williams dies
      542 21 AP [ST LOUIS] Andy Williams, the Moon River crooner who helped define American popular music in the 1960s and 1970s through his Christmas albums, nightclub performances and television variety show, has died. He was 84. Williams died on Tuesday at his home in Branson,
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    • Article, Illustration
      Lock icon Greeks on general strike over more austerity
      339 21 AP [ATHENS] Tens of thousands of Greeks marched through central Athens yesterday in the first general strike since the country’s coalition government was formed in June, as the prime minister and finance minister hammered out a package of 11.5 billion euros (S$ 18.2
      AP  -  339 words
    • Article
      Lock icon Europe’s banks step up costs battle
      556 21 UBS, Credit Suisse, RBS, among others are also cutting jobs Reuters [LONDON] European banks have admitted they have a cost problem, and must now show sceptical investors they are doing all they can to lead a profitable life without the crutch of bloated jobs,
      Reuters  -  556 words
    • Article
      Lock icon Russian billionaires seek full buyout of BP JV
      519 21 AFP [MOSCOW] The battle for control of BP’s Russian oil joint venture escalated yesterday when its local tycoon co-owners said they were putting in a cash offer for the British group’s entire stake. But analysts said the 50-per cent holding in Russia’s
      AFP  -  519 words
    • Article
      Lock icon Single-family home sales hold near 2-year highs
      408 21 Prices rise to highest in more than 5 years in sign of housing market recovery LATEST US DATA Reuters [WASHINGTON] New US single-family home sales held near two-year highs in August and prices vaulted to their highest level in more than five years,
      Reuters  -  408 words
    • Article, Illustration
      Lock icon PM Rajoy bets Italian woes may ease Spain rescue terms
      647 22 That’s why he’s delaying a bailout request, hoping for more clout: analyst Bloomberg [MADRID] Spanish Prime Minister Mariano Rajoy may be delaying a bailout request on a bet that renewed market tension will also force Italy to seek aid, strengthening
      Bloomberg  -  647 words
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      Lock icon Europe brands out to impress at Paris show
      605 22 Reuters [PARIS] Europe’s carmakers will seek to dazzle at the Paris car show starting today, revealing over 100 new models ranging from Opel’s new, cheap and cheerful Adam micro-mini to the McLaren P1 supercar, expected to cost more than US$240,000. But no
      Reuters; PHOTO: REUTERS  -  605 words
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      160 17 ►1^ 51 A. if JK a INVESTING IN ASIAN MINING I N DAB A y i\R tg. 29-31 OCTOBER 2012 SINGAPORE k Ki\ (H Where Will You Be When The World Gathers To Discuss Future Investment Opportunities In The Asian Mining Industry? Q A-n, TOM BUTLER IFC, a World Bank
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      95 18 / 19 OYSTER PERPETUAL GMT-MASTER II D DICKSON DICKSON WATCH JEWELLERY DICKSON WATCH AND JEWELLERY INAUGURATES A SPACE EXCLUSIVELY DEDICATED TO ROLEX. AT ROLEX, PERFECTION IS IN THE DETAIL. THIS IS WHY ONLY OFFICIAL ROLEX RETAILERS ARE ALLOWED TO SELL AND MAINTAIN A ROLEX. WITH THE NECESSARY SKILLS, TECHNICAL KNOW-HOW AND SPECIAL
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      2262 20 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices JURONG TOWN CORPORATION (“JTC”) The JTC Summit, 8 Jurong Town Hall Road, Singapore *****4 NOTICE is hereby given that the below mentioned JTC unsecured note certificate (“Note Certificate”) issued pursuant to the JTC Act (Chapter 150) of Singapore has been reported as
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      460 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF XIN OCEAN CAPITAL PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****6746G At an Extraordinary General Meeting of XIN OCEAN CAPITAL PTE. LTD. held on 21st September 2012, the Resolutions set out below were duly
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      145 21 START SPREADING THE NEWS ...THE SMASH-HIT SHOW IS COMING TO MARINA BAY SANDS A DIRECT FROM LONDON’S WEST END AND ROYAL Louis Hoover's ALBERT HALL > 1 o o o THE HOLLYWOODORCHESTRA TOO If he played football like he sings, I'd sign him tomorrow. Sir Alex Ferguson Simply sensational! Daily
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      385 22 at OUTLOOK of PROPERTY MARKET ■5012/2013 TRENDS, OPPORTUNITIES Aj PITFALLS STPROPERTY Seminar 2012 What are some potential property investment opportunities? How do you avoid pitfalls in today's volatile property market? WHO SHOULD ATTEND: HOME OWNERS PROPERTY INVESTORS PRIVATE PROPERTY BUYERS HDB UPGRADERS Meet industry experts and uncover in-depth real estate
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      80 23 The Business Times is now on iPhone! Download the app for free from iTunes. Enjoy free breaking news and subscribe* for the full daily Business Times. ‘Get free access to premium content for up to 1 month when you subscribe on iTunes now. For a limited period only. •ml 4q
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  • EDITORIAL & OPINION
    • Article
      Lock icon Currency wars are a zero sum game
      486 24 EDITORIAL CURRENCY wars appear to have “gone underground”. That is why when Japan quietly joined the ranks of combatants a week or so ago, the move provoked relatively little comment elsewhere. Other covert currency warriors dare not complain for fear of drawing attention
      486 words
    • Article, Illustration
      Lock icon Time for the American Dream to be put to pasture
      794 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT’S time to retire the American Dream or at least give it a long vacation. Americans ought to drop it from the national conversation. This would be a hardship for
      The Washington Post Writers Group  -  794 words
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      Lock icon How Romney damaged his chances of victory
      1019 24  -  If he’d turned disdain for subsidies against banks, he’d now be coasting into White House By SIMON JOHNSON The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, The Baseline Scenario, a professor at MIT Sloan, a
      BLOOMBERG  -  1,019 words
    • Article, Illustration
      Lock icon Indonesia staying on growth path
      1088 25  -  To gain from its potential, investors need to go beyond conventional wisdom and adjust their thinking in practical ways By RAOUL OBERMAN, ARIEF BUDIMAN JANET BUSH Raoul Oberman is director and Arief Budiman is partner, McKinsey Co, Indonesia. Janet Bush is with McKinsey Global Institute
      BLOOMBERG  -  1,088 words
    • Article, Illustration
      Lock icon Don’t expect miracles from QE3 and OMT
      725 25  -  Central banks can print money but they can’t print the world to healthy growth REUTERS BREAKINGVIEWS By IAN CAMPBELL CENTRAL banks have moved the markets. Mario Draghi of the European Central Bank (ECB) appeared to solve the euro crisis with just a lint
      725 words
    • Article
      Lock icon MDA: Cross-carriage rules achieving intended outcome
      368 25  -  LETTER TO THE EDITOR (Ms) Toh Koi Ling (Ms) Ling Director (Policy) Media Development Authority JOYCE Hooi’s commentary (BT, Sept 22) ascribes non-existent objectives to the cross-carriage policy. Cross-carriage was introduced to rectify the high degree of content fragmentation in the Singapore pay-TV market,
      368 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon M’sia risks losing low-cost edge: AirAsia
      434 26 Costs are going up whereas airports in region are cutting charges: Fernandes AFP [KUALA LUMPUR] Kuala Lumpur risks losing its status as Asia’s busiest low-cost airline hub because high passenger fees could scare carriers away, Tony Fernandes, head of Malaysia’s AirAsia said yesterday. Mr
      AFP  -  434 words
    • Article
      Lock icon Swiss to start Zurich-Singaporeflights from May
      299 26  -  By VEN SREENIVASAN AFTER an absence of 21/2 years, Swiss International Airlines is making a comeback at Changi Airport. The Lufthansa subsidiary carrier will start nonstop daily flights between Zurich and Singapore from May next year. The new service operated by Airbus A340-300 aircraft
      299 words
    • Article
      Lock icon Insurers face tougher times as Somali piracy drops
      710 26 Premiums fall as private armed guards help reduce attacks Reuters [LONDON] A dramatic fall in pirate attacks off the Somali coast is forcing down the cost of piracy insurance for commercial ships, taking the shine off a fast-grow-ing and lucrative market for
      Reuters  -  710 words
    • Article, Illustration
      Lock icon Vitol trading in Iranian oil
      344 26 Reuters [BEIJING] Vitol, the world’s largest oil trader, is buying and selling Iranian fuel oil, undermining Western efforts to choke the flow of petrodollars to Teheran and put pressure on Iran’s suspected nuclear weapons programme. The Swiss-based company last month bought two million barrels of
      Reuters; REUTERS  -  344 words
    • Article
      Lock icon At least 8 dead in Java ferry collision
      240 26 AP [JAKARTA] A passenger ferry collided with a cargo ship and sank west of Indonesia’s main island yesterday morning, and at least eight people were killed, officials said. More than 200 crew and passengers were evacuated after the accident, said Transportation Ministry
      AP  -  240 words
    • Article
      Lock icon 40,000 seat reservations cancelled on ANA flights
      137 26 Reuters [TOKYO] All Nippon Airways Co Ltd (ANA) said yesterday that 40,000 seat reservations were cancelled on flights between Japan and China from September to November, underlining the impact of a territorial spat between the two countries that flared up earlier this month.
      Reuters  -  137 words
    • Article
      Lock icon TRANSPORT STOCKS
      260 26 SGX '000 Sep 26 S$ +/-Vol CH Offshore 0.48 -0.01 433 Chuan Hup Hldg 0.25 -0.01 31 Cosco Corp 0.96 -0.01 3902 Sep 26 Ezra Hldgs 1.21 0.02 ***** First Ship Lea 0.12 unch 1024 Freight Links 0.07 unch 989 Grand Banks 0.35 -0.01 132 Jaya Hold Ltd
      260 words
    • Article
      Lock icon The Business Times Shipping Times
      1917 27 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
      1,917 words
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      22 26 MTI survey: 75% of S'poreans interviewed support F1 extension 3!.-4*1265 extension $0&# a 75% To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      320 26 CRYPTIC CROSSWORD Across 7 Wear diamonds suspended (3,2,3) 9 Take off when clubs close (6) 10 Splendid police officer, British (6) 11 Support the whole number on the wagon (8) 12 End argument for as opposed to against (4,10) 15 Tease groom (4) 17 Female mislaying teeth cleaner (5) 19
      320 words
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      34 27 PLACE YOUR AD HERE The Business Times Shippii g Times CALL JOE WOr> 1G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      32 27 Experienced ship maintenance £ndy h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML UUJII1LJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3048 28 Transaction date: Sep 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 145 92.5 AIMSAMPIReit 140.5 -0.5 234
      3,048 words
    • Article
      Lock icon SGX CATALIST
      212 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 4.6 1.3 t Advanced System 1.9 unch 280 2 1.9 1.9 2 25.2 Day Last Quote Div Gr Yld Net M
      212 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8188 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited FM local Ccy Bond 0
      8,188 words
    • Article
      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 $mil 39.5 25.5 AVJennings A30 +0.5 158 30 30 30 32 3.6 11.7 2.4 78.1 41.5 25.5 Genting HK US$ US32.5 -0.5 5998 33 32.5 32.5 33 2140
      206 words
    • Article
      Lock icon SGX ETF
      991 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 $mil 124.9 114.4 ABF SG Bond ETF 120 34 122.1 120 119 120 547.8 127.1 120.4 CIMB APAC Div 100S$D 127 126 126.6 103.1 95.8 CIMB APAC
      991 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      635 30 Sep 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8941.75 8971.75 8894.02 Dec12 9005.00 9050.00 8895.00 8930.00 ***** *****4 Mar13 9000.00 9000.00 9000.00 8920.00 2 465 MSCI TAIWAN INDEX FUTURES SPOT 273.71 273.73 271.63 Sep12 275.80 276.60 272.30 273.40 *****4 *****1 Oct12 275.90
      635 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 25 Index Change Change Change Change Change Change World Preliminary 931.2 0.3 12.2 0.1 6.8 0.4 13.1 EAFE Preliminary 740.2 0.3 8.5 0.3 3.9 0.6 10.0 Europe Preliminary 1126.3 0.4 9.7
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      129 30 As on 25 September 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 591.90 588.60 588.00 1043 GOLD FUT DEC2012 1774.50 1765.60 1766.60 65 INDIA GOLD (E-GOLD) FUT DEC2012 593.65 589.60 593.80 143 CURRENCY EUR-USD FUT DEC2012 1.2982 1.2898
      129 words
    • Article
      Lock icon CHICAGO BOT
      107 30 Sep 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1611.50 1610.00 1625.50 1604.25 Jan 13 1614.25 1611.00 1626.75 1606.75 Mar 13 1576.50 1572.25 1588.00 1568.25 May 13 1526 1520.25 1537.25 1517 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 12 53.09
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Sep 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.03 1.48 WTI (Near Mth) 91.17 -0.47 Dubai (1-Mth F) 107.68 0.79 Tapis blend 114.31 -0.16 Minas 109.46 -0.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.56 0.39 Jet Kerosene 129.53 0.37 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 30 Sep 26 S$ Bid Offer 1-month 1.2323 1.2324 2-months 1.2323 1.2324 3-months 1.2322 1.2323 6-months 1.2320 1.2322 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon LONDON METALS
      67 30 Sep 25 Sep Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2057.50 2057.50 3 months 2080.00 2080.00 Copper, Grade A(US$/tonne) Cash 8176.50 8176.50 3 months 8183.00 8183.00 Lead(US$/tonne) Cash 2258.75 2258.75 3 months 2267.00 2267.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
      67 words
    • Article
      Lock icon LIFFE
      80 30 Sep 25 COCOA (£/tonne) Close Prev High/Low Dec 12 1598 1583 1598/1570 Mar 13 1591 1575 1591/1561 May 13 1598 1582 1598/1569 Jul 13 1604 1588 1604/1575 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2144 2084 2134/2134 Nov 12 2144 2084 2148/2083 Jan 13 2154 2102 2158/2103 Mar 13 2162
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1055 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 1 146 598 5.38 20 Conv Ratio Baker Technology Ltd W*****6 0.7 -0.1 593 1 32 1 46.43 2 BakerTech W*****5 8.3 unch 230 1 27 9
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Sep 26 Sep A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 6.525 0.804 8.028 55.381 99.290 0.804 11.606 3.192 1.263 98.037 43.516 1.276 8.510 0.973 30.447 32.080 0.641 1.035 Canada 0.984
      471 words
    • Article
      Lock icon SIBOR
      62 30 Sep 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
      62 words
    • Article
      Lock icon PRECIOUS METALS
      139 30 Sep 26 GOLD(US$/oz) Sep 25 Sep 26 Hong Kong 1784.00 1757.00 Sep 24 Sep 25 London 1763.70 1771.70 1764.70 1772.05 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Sep 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 168 70 5gm 476 349
      139 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 30 Sep 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.3 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.96 5-Year N*****0Z 2.375 01-Apr-17 108.75
      88 words
    • Article
      Lock icon PALM OIL
      57 30 Sep 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2475.0 2539.0 2482.0 2465.0 344 3348 Nov 12 2556.0 2605.0 2572.0 2538.0 3170 ***** Dec 12 2636.0 2669.0 2642.0 2603.0 ***** ***** Jan 13 2694.0 2738.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Sep 26 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2755 1.2762 1.0351 1.0356 Canadian dollar 1.2550 1.2553 1.0186 1.0185 Euro 1.5861 1.5863 1.2872 1.2873 NZ dollar 1.0104 1.0106 0.8200 0.8201 Sterling pound 1.9917 1.9920 1.6164
      155 words
    • Article
      Lock icon INTERBANK RATES
      154 30 Sep 26 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.25 US$ Offer Bid 7 days 0.25 0.15 1 month 0.35 0.20 2 months 0.45 0.25 3 months 0.50 0.30 6 months 0.80 0.60 9 months 0.95 0.75 12
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Sep 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.283 1.222 Euro 1.624 1.547 Sterling pound 2.03 1.952 NZ dollar 1.036 0.987 US dollar 1.248 1.2 Local dollars to 100 units of foreign
      121 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Making the most of old structures
      1253 31  -  NYC, developers marketing historic buildings to manufacturers to revive them and to create jobs, reports RONDA KAYSEN reports RONDA KAYSEN NYT [NEW YORK] THE hulking industrial buildings that line Sunset Park’s waterfront once bustled with manufacturing and military activity. Elvis Presley famously deployed to
      NYT; BRIAN HARKIN/THE NEW YORK TIMES  -  1,253 words
    • Article
      Lock icon Househunt
      963 31 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 27 WITH CONTRACT DATES BETWEEN AUG 29 AND SEPT 4, 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 The Sail Marina Bay Apt 30/08/2012 99 883 1722 1950 V On Shenton
      963 words
    • Article, Illustration
      Lock icon Myanmar: South-east Asia’s debutant
      997 32  -  A better political climate signals a positive outlook for businesses. By KOK KEONG TAN The writer is director, research and consultancy, at Orange Tee AFTER living for the last few decades in self-isolation, Myanmar has embarked on a path to reform and reconnect with the world.
      AP; Source: CIA World Factbook, Jetro, OrangeTee Research  -  997 words
    • Article, Illustration
      Lock icon Orchard Rd retail rents slide amid revamp
      437 33  -  Suburban prime rents remain most stable since Q3 2011 despite falling sales By ZEINAB YUSUF SAIWALLA PRIME retail rents on Orchard Road continued to moderate to $37.66 per square foot (psf) per month in Q3 2012, while Orchard Road was in revamp mode.
      BLOOMBERG FILE PHOTO  -  437 words
    • Article
      Lock icon Bids for Yishun industrial site beat expectations
      393 33  -  Soilbuild leads pack of 5, with offer of $100.48 psf ppr By ZEINAB YUSUF SAIWALLA AN INDUSTRIAL site at Yishun Avenue 9 drew a total of five bids with a top offer of $31.69 million or $100.48 per square foot per plot ratio
      393 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      267 32 w m S i 1 dr -ik i" W SiS I «Si8 Li i K M Ml Bill BUI Bill 1 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
      267 words
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      Lock icon Page 32 Advertisements Column 2
      83 32 HOMES OF DISTINCTION Launching soon! 30 Semi-D and 10 Bungalows contemporary design by award-winning architects located in the prestigious landed enclave of Chestnut Ave abundant greenery amid nature reserve and nature parks excellent convenience and accessibility amenities, shopping malls, eateries, PIE/BKE, MRT minutes to Jurong Lake Dist Gateway, country clubs,
      83 words
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      Lock icon Page 32 Advertisements Column 3
      143 32 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units
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      119 33 W* Knight *4 Frank CEA Licence No.: L*****36J FOR SALE BY TENDER PAK CHONG BUILDING, 78 PLAYFAIR RD 100% OWNERS’ CONSENSUS FH, Business 1, GPR 2.5 Land area 2,395.2 sm Approx. 250m to Tai Seng MRT ROMd 0 6*0*2 ®Sf«2 LEONG HUAT BUILDING Chia Mein Mein (R*****6B) 9117 4522 Kelvin
      119 words
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  • TIES THAT THRIVE
    • Article, Illustration
      Lock icon Over 300 stores, still going strong
      1524 34 Eu Yan Sang now owns 100% of Healthy Life, Australia’s largest health-food chain, as it looks to expand further, reports TEH HOOI LING IT was done with minimum fanfare, just like most things with homegrown healthcare group Eu Yan Sang International (EYS). But the
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      99 34 Vf Australia and New Zealand Banking Group Limited (ANZ) 2012 ABN 11 005 357 522 Y#ur bank opens doors in 28 markets 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 share your regional interests and
      99 words
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  • Property 2012 THE BUSINESS TIMES
    • Article, Illustration
      Lock icon Time to buy?
      263 1  -  By Mindy Tan ITH the third round of quantitative easing (QE3) by the US Federal Reserve, it is broadly expected that a fresh flood of liquidity will spill into the real estate market. Already, some developers here are pre-empting the effects of QE3 and are bidding more
      263 words
    • Article, Illustration
      Lock icon Finding value in prime districts
      1473 2  -  The centralised location presents better connectivity and convenience for residents, a superior attribute for any property investment decision, sayWENDY TENGandALICE TAN WENDY TEIUG ALICE TAN Wendy Teng is executive director, residential services, and Alice Tan is senior manager, consultancy research, at Knight Frank BEING centrally
      FILE PHOTOS  -  1,473 words
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      Lock icon Opportunities still abound in the mass market
      1304 4  -  Areas where the government has plans to develop, rejuvenate or construct new MRT lines present long-term opportunities for homebuyers and investors, say chua chor hoon and lee lay keng CHUA CHOR HOON, LEE LAY KEMG Chua Chor Hoon is head of Asia Pacific
      FILE PHOTOS  -  1,304 words
    • Article, Illustration
      Lock icon Up and coming vs established
      1525 6  -  Punggol, in the north-eastern part of Singapore, is gaining popularity among home dwellers for its scenic environment, saysLEE LEE SZE TECK The writer is senior manager, training, research and consultancy, at Dennis Wee Group THE East has always been a favourite among home dwellers for
      FILE PHOTOS  -  1,525 words
    • Article, Illustration
      Lock icon HDB properties at its peak
      1191 8  -  Since capital appreciation is a by-product of demand and supply, HDB flats are certainly headed for some price stabilisation, says MOHAMED ISMAIL MOHAMED ISMAIL The writer is chief executive officer of PropNex Realty WITH 82 per cent of Singaporeans living in an HDB flat today,
      FILE PHOTO; Source: HDB; STOCK.XCHNG  -  1,191 words
    • Article, Illustration
      Lock icon Shoebox units: A fitting choice?
      1116 10  -  The question of how profitable investing in a shoebox unit can be depends on market conditions, saysOOI YI TUNG OOI YI TUNG The writer is director at Square Foot Research IN as recent as 2007, the first quartile unit size of new private condos sold
      Source: URA, Square Foot Research  -  1,116 words
    • Article, Illustration
      Lock icon Fringe benefits
      1054 12  -  Deals outside prime districts dominate residential collective sales market, saysKARAMJIT SINGH KARAMJIT SINGH The writer is head of investments and residential, at Jones Lang LaSalle. He was formerly managing director of Credo Real Estate which merged with Jones Lang LaSalle on Sept 1, 2012 IN 2007, the record
      FILE PHOTOS; Source: Jones Lang LaSalle  -  1,054 words
    • Article, Illustration
      Lock icon Deciphering home loan packages and interest rates
      1171 14  -  When choosing a home loan, it is important for customers to take a holistic view that goes beyond just pricing, says phang lah hwa PHANG LAH HWA The writer is head, consumer secured lending, global consumer financial services, at OCBC Bank WHETHER you
      STOCK.XCHNG  -  1,171 words
    • Article, Illustration
      Lock icon Getting a piece of the development pie
      1608 16  -  Not just property developers, construction companies have also made their foray into the market. ByJASON LEEandCHUA YANG LIANG By JASON LEE CHUA YANG LIANG Jason Lee is research analyst, and Chua Yang Liang is head of research and consultancy, South-east Asia, at Jones
      YEN MENG JIIN; Source: Jones Lang LaSalle Research; Source: Jones Lang LaSalle Research, Department of Statistics Singapore (2012); Source: Jones Lang LaSalle Research, Monetary Authority of Singapore (MAS) April 13,2012 Monetary Policy Statement  -  1,608 words
    • Article, Illustration
      Lock icon Eye on conservation shophouses
      1083 18  -  There are investment opportunities in this unique segment of the property market, saysALAN ALAN CHEONG The writer is head of research, at Savills Singapore WITH the imposition of ABSD (Additional Buyer’s Stamp Duty) on residential developments, investment money flows have been routed to the strata industrial,
      Source: Savills, URA  -  1,083 words
    • Article, Illustration
      Lock icon Reits – A haven even in slower times?
      1321 22  - Reits A haven even in slower times? Regardless of their performance, investors should still do their homework to assess the growth potential, says gerald lim GERALD LIM The writer is associate director, at CBRE Research IN the past two years, the Singapore Real Estate Investment Trust (Reit) market has been
      STOCK.XCHNG  -  1,321 words
    • Article, Illustration
      Lock icon A whole new retail world
      1905 24  -  As the retail market continues to grow and evolve physically and virtually, retailers and mall owners are exploring and venturing into new concepts, say peter see-toh, GLEN KOH, and DEBBIE LAM PETER SEE-TOH, GLEN KOH, DEBBIE LAM Peter See-Toh is managing director, retail services, Glen
      BLOOMBERG; FILE PHOTO; Source: Singapore Tourism Board  -  1,905 words
    • Article, Illustration
      Lock icon All abuzz with activity
      2323 28  -  In addition to robust demand from industrialists, strata-titled industrial properties have also become a popular choice among investors, say tan boon leong and DOREEN goh TAN BOON LEONG DOREEN GOH Tan Boon Leong is executive director, industrial services, and Doreen Goh is associate director, research and
      FILE PHOTOS  -  2,323 words
    • Article
      Lock icon Upping the hospitality stakes
      1243 30  -  Singapore joins the ranks of the costliest hotels in the world’s top cities. By DONALD HAN ELSIE DOONG Donald Han is special adviser, and Elsie Doong is research analyst, at HSR Property Group A RECENT hospitality report conducted globally by HSR Hospitality covering upscale and four-star
      1,243 words
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      Lock icon Hot in Malaysia
      792 32  -  by Reports byPAULINE PAULINE NG [KUALA LUMPUR] Nixon Paul beamed as he got off the phone. “My staff just closed a deal on a single-storey link house in Bangsar for RM920,000 (S$368,000). She is now working on another for RM1 million,” the president of the Malaysian Institute
      AFP  -  792 words
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      Lock icon Malacca homes still within reach
      842 32 [KUALA LUMPUR] Like Penang, Malacca (or Melaka, as it is known in Malay) has seen a boom in tourism since both its cities were listed as Unesco Heritage sites in 2008. But unlike real estate on land scarce Penang Island which has gone through the
      STAR PUBLICATION FILE PHOTO  -  842 words
    • Article, Illustration
      Lock icon London calling
      1003 34  -  Large-scale apartments are coming on-stream in the city, reports neil behrmann reportsNEIL reportsNEIL BEHRMANN [LONDON] Large scale developments of new London apartments will be coming on-stream in the coming year. The reason for the surge in completions is that developers boosted construction between 2009 and 2011 on expectations
      BLOOMBERG  -  1,003 words
    • Article
      Lock icon China on the growth track still
      1143 36  -  There is still a silver lining in the Chinese property market, saysANG ANG WEE GEE The writer is the executive vice-chairman of Keppel Land China CHINA’S economy expanded by 7.6 per cent in the second quarter of this year, a lower rate compared to
      1,143 words
    • Article, Illustration
      Lock icon Where location factors come into play
      1140 38  -  Local and regional drivers within each state or territory play a large part in determining the health of the Australian property market, says dominic brown DOMINIC BROWN The writer is head of Australia Research, at DTZ ALTHOUGH the Australian residential market is affected by
      AFP; Source: REIA  -  1,140 words
    • Article, Illustration
      Lock icon More than Just rest and relax
      1215 38  -  Demand for resort properties is extending to more remote hideaway locations, says david simister DAVID SIMISTER The writer is chairman of CBRE Indochina (Thailand, Cambodia, and Vietnam) WITH its spectacular coastlines and private islands, South-east Asia continues to offer growing opportunities for developers and
      1,215 words
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      177 1 INSIDE Eye on conservation shophouses I PAGE 18 Reits A haven even in slower times? I PAGE 22 All abuzz with activity I PAGE 28 Finding value in prime districts I PAGE 2 Opportunities still abound in the mass market I PAGE 4 A Keener Sense of Real Estate. Orange
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      460 5 ROBERTSON QUAY NEW DISTRICT 9 RIVERSIDE RESIDENCES WITH HOTEL SERVICES* O o Q Q <6 4i Q 2 O I v P a a 0 r 0 r r 0 0 f I a r a Double volume lofts. Serviced by a hip hotel. It’s the new standard of riverside
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      217 7 ANNIVERSARY th RIVER ISLES An Exciting New Condominium at Punggol r SI t- N* 1 s-; ■> 5t; m&: MM m m ■M MS £ife> The most comfortable 3-Bedroom units in Punggol from $782,900 ACTIVITY CLUSTER 1 PUNGGOL POINT WALK Marina (1.2 km) Country Club SELETAI AEROSPA PARK NATUFf WALK
      217 words
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      222 8 ansgrone Phoenix Design PuraVida Q Siegfried Gdnblen and Klaus Grohe 2005 Axor WaterDream by Jean-Marie Massaud Hansgrohe Raindance 1901 r ■rj 2011 Raindance Select 360 Showerpipe 2010 Axor Bouroullec n *-~i 1994 Axor Starch r GROHiMpGARNITUR 7777mm 'U a-AfGi 1981 Hansgrohe Allegroh G-t Hans Grohe, Das Original Die Handbrause als
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      246 9 Launching soon! 90% Sold! Final release of choice units! Final release of 3 FREEHOLD penthouses from$990psf! Last 8 FREEHOLD units! Artist's Impression THE FORESTA MOUNT FABER Developer: Hoi Hup Realty Pte Ltd (ROC No. *****2097M) Developer’s Licence No.: C0761 Tenure of Land: Freehold Location: Lot(S) 1904X MK01 at Wishart Road
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      213 11 Relish in Wing Tai’s palatial residences Live a life of prestige with Wing Tai’s elite collection of luxuriant residences. At Belle Vue Residences, Helios Residences and L’VIV, radiate life’s pleasures from the comforts of your home. Embrace nature’s grandiose with an exclusive entertainment terrace home at Belle Vue Residences. Unwind
      213 words
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      231 13 Paya Lebar Methodist Girls' School All roads lead to BAR residence* St. Andrew's Village (Pri/Sec/JC) Hi 9» School Singapore Management University St. Gabriel's Secondan School ■i*r lnterna,i0 School Raffl Institut ion National University of Singapore Nanyang Junior College r n (>•» v* umw K 1 w Lt .■r '.s*' -x/Tv...
      231 words
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      175 15 SPOTTISWOODE RESIDENCES FREEHOLD I .1 jClLlI I a. < o~ i?M me* H > -c rr 50 V<1 II f M mi i i itje •A S' Artists Impression Artists Impression THE CITY BELONGS TO YOU Soaring 36 storeys, Spottiswoode Residences unfolds the city just for you. All the attractions
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      700 17 Brought to you by S P Setia r 9 0 i ft f 0 0 9 9 A k f 9 0 7 S i -w. ->4 viffl > VCA 7 J V ECO M Qanctuary Between the hills the sky Uking a difference, by building with distinction Founded upon
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      506 18 EXCLUSIVE HOMES BY THE TONG ENG GROUP 3i i* 9m m £32 r r if*** I V 3 IP .Ml as*. =1 m 5L "vIt sift'-. C*l> Sr Last Unit 3BR, 3 S(PH) Limited Units: 1BR, 1 SlPHI, 2 SlPHI FREEHOLD District U* Minswatkto Kaki Bukit Ubi MRTIU/C) stations Contact
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      330 19 \e'o' ra^ c? ERA_ REAL EST4TE^^^S |nce 1982 Years in Singapore Singapore's LARGEST Real Estate Agency With Over 5,000 Registered Salespersons ERA is a leading marketing agency for residential developments in Singapore. With a well-established track record and a highly recognized brand, we have successfully marketed over 100 developments for
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      1309 20 / 21 Househunt 2012 Senoko Industrial Estate Projects currently on the market STATE OF JOHOR (MALAYSIA) DISTRICT PROJECT TENURE LOCATION DEVELOPER TOTAL Tuas Tuas Link STRAITS OF JOHOR Tuas West Rd PIE Lakeside Choa Chu Kang Tuas Crescent KJE Bukit Gombak PIE Pioneer Gul Circle Joo Koon AYE Chinese Garden 24 Bukit
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      204 24 8B@ADMIRALTY BEST SPECIFICATIONS. BEST BUSINESS SENSE. Boasting the best overall specifications among new ‘B1’ developments in the North, 8B ©Admiralty is designed and outfitted with unparalleled building features that set new standards for enhancing the productivity and efficiency of your business. Locate where it makes the best business sense 8B
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      549 25 55 ar' rrn i r| nr m H <5 ar 2 s •xWV^ 'X J /i m. sat r i I 5® i 11 1 SsSSSS? i". 15 jl'l' ot mm Y i £4 A M lb£ Just why is Eleven@Holland such an excellent investment proposition? Expected commissioning of the
      549 words
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      108 26 LX w t c MITSUBISHI ELECTRIC 4 Changes for the Better A MITSUBISHI ELECTRIC INV£RT£R i Jju im'jAjs £xcellent Energy Easiest x To Clean! teachable Inner Vent for Easy Clean UIETE 19d 1 I V I I w f V. r 53 •> v\ .iff v'aso Air-Conditioner OSS fitsubishi lectric
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      239 29 No Void Space Get more usable area for less AZ RAYA LEBAR Good Location Matters AZ Raya Lebar offers an unmatched location that adds a competitive edge to your business. The planned MacPherson MRT interchange for Circle and Downtown Lines, just across the road, delivers convenience, while easy access to
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      724 30 ADVERTISING FEATURE THE ICONIC MASTERPIECE where every unit is a 'Limited Edition' home 'BUNGALOW LIVING IN THE SKY' EXPERIENCE Winner of CNBC 'Best High-Rise Architecture' in Malaysia and Asia Pacific 2012-2013, if on residence 1 is one of a kind, the epitome of contemporary design that is in a class
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      273 31 eL7 Development www.eldev.com.sg Building homes, offices and a name of success Behind every success story is years of hard work. Inaugurated in 2007, EL Development Pte Ltd has worked its way up, one step at a time, to gain the credibility, reputation and status it enjoys today. The local developer
      273 words
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      594 32 ADVERTISING FEATURE Garden City Living in Kuala Lumpur city’s most prestigious enclave Hi L u. I X J 1! 13!!! ill n i i AMPANG LAKE GARDENS f r t M CITY is a one of a kind development in the heart of Kuala Lumpur city to offer a unique
      594 words
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      178 33 E LEMENTS MALL a jjC 3 JM Js u??! 3s in*- un w I is II®***. i i ttr U m m rrr ns *L war up ■a Ml tu U-. Awarded Best Malaysia Retail Development (T -Or ■ml; I S! p. «r jf I 1 r J5 ol INTERNATIONAL
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      1023 35 AftertheunprecedentedsuccessoftheAmbassador Building,EmbassyGardenshasbecomeLondon’smost talked-aboutriversidedevelopment. Ballymoreisproudtoannouncetheexclusivelaunchofthe CapitalBuilding,centralLondoninSingapore. Few cities in the world offer property-hunters the prestige and value-enhancement that much sought-after London does. With the luxury Embassy Gardens, however, investors now have the unique opportunity of owning not just a property, but also being part of a vibrant new district in one
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      872 36 ADVERTISING FEATURE EARL1NGTON W EARL’S COURT 'Ufa T ill r i*'-v es m i=» n ■li S3 v 1 B ssa i I n ■ill i i 3 K2 C 3 i E A L I N G T i r -V ✓“N EARLINGTON The London real estate market is
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      601 37 savills.com.sg savills New York, London, Edinburgh, Sydney, Shanghai, Savills. i ~&SSB\ SHANGHAI, Four Seasons Place Shanghai’s first and only Four Seasons private residences managed by Four Seasons Hotel. Located in the heart of Lujiazui, the financial centre of Shanghai, it is situated right next to Shanghai World Financial Center. The
      601 words
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      188 39 MICE i uilding atinns crea nc LJ U u m u 0 s w I m r r -'L M !!B iS •Y *F i m iS Jeff S' ii" 11 "k: tfii at"* ♦1 N lnT? f > *1 -i 32 i 33 > if s>: i < 1
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      200 40 THE NEW SYMBOL FOR SUCCESS Be among other global business leaders at Marina Bay Financial Centre. Standing in the heart of Singapore’s new Downtown, this award-winning integrated development boasts state-of-the-art infrastructure, world-class facilities and seamless connectivity to ensure all business needs are met. With an attractive array of premium dining
      200 words