The Business Times, 23 October 2012
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2012-10-23
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The Business Times
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Title Section25 2012-10-23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, October 23, 201225 words
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848 2012-10-23 1 KENNETH LIM - The latter could become a major regional player but may need a partner to wrap up the deal By KENNETH LIM [SINGAPORE] A takeover of Fraser Neave’s (F&N) property assets could be a transformational deal for Overseas Union Enterprise (OUE), observers said.848 words
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Article, Illustration553 2012-10-23 1 RONNIE LIM - Big consumers will be able to adjust demand and hedge risks in new regime By RONNIE LIM [SINGAPORE] An electricity futures market and a “demand response” scheme will allow big consumers to reduce their power demand if the prices are too high. Announcing this553 words
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MARKETS DIGEST
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Article65 2012-10-23 1 HST INDEX 3,045.67 (-3.25) HST INDEX FUTURES 3,045.00 (-3.00) HSIMSCI 348.44 (-0.79) HSIMSCI FUTURES 348.20 (-0.70) US$ S$ US$ (S$ per US$) 1.223 (US$/S$ per 1.603 1.960 EURO (US$/S$/€) 1.304 1.594 Foreign currency per US$ S$ YEN 79.70 65.20 RM 3.054 2.497 HK$ 7.750 6.339 BAHT 30.73 25.13 RUPIAH65 words
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Article49 2012-10-23 1 Monday Change KL COMP 1,661.95 -4.40 NIKKEI 225 9,010.71 +8.03 HANG SENG 21,697.55 +145.79 SET INDEX 1,310.42 +2.71 JAKARTA COMP 4,341.38 +10.12 MANILA COMP 5,424.79 -7.57 SEOUL COMP 1,941.59 -2.25 SHENZHEN B 603.45 +3.09 MUMBAI IND 18,793.44 +111.13 12 noon EDT Change DOW 13,319.71 -23.80 NASDAQ 3,009.28 +3.6649 words
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Article17 2012-10-23 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.448 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement88 2012-10-23 1 SME Inc Modern concept for traditional German food PAGE 12 PRODUCTIVITY MATTERS Furniture industry: Eyeing a bigger global share PAGE 13 OPINION The taxing part of the IPO journey PAGE 25 PROPERTY First sales at Eden Residences Capitol I PAGE 31 Yishun executive condo sold for a record $1.61m I88 words
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Advertisement12 2012-10-23 1 GEORGIA LEE Lawyers ask to set aside guilty verdict PAGE 4 **********0412 words
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TOP STORIES
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Article537 2012-10-23 2 F&N could take OUE to whole new world A TAKEOVER of Fraser Neave’s property assets could be a transformational deal for Overseas Union Enterprise, observers said. But because F&N’s property assets are so hefty, OUE will probably have to turn to others for help if it does not537 words
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532 2012-10-23 2 TEH SHI NING - Low interest rates, excess liquidity seen raising inflation in medium, long term By TEH SHI NING [SINGAPORE] Singapore consumers expect a higher rate of inflation than they did a quarter ago, as they anticipate low interest rates and excess liquidity for the532 words
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Article, Illustration417 2012-10-23 2 BOT hopes to raise fund outflows, cool baht’s appreciation Bloomberg [BANGKOK] The Bank of Thailand will relax overseas investment rules for companies and individuals as Asian nations act to guard their currencies from inflows prompted by monetary easing in advanced economies. The new rules willBloomberg - 417 words
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Article, Illustration767 2012-10-23 4 GRACE LEONG - Move follows court ruling against SMC disciplinary tribunal By GRACE LEONG [SINGAPORE] Lawyers for aesthetic doctor Georgia Lee yesterday asked to set aside a guilty verdict against her, specifically, three charges of professional misconduct, and all penalties that were meted out, in light ofTHE NEW PAPER FILE PHOTO - 767 words
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570 2012-10-23 4 AFP [SAN FRANCISCO] Just weeks after its momentous launch of the iPhone 5, Apple is back with what is expected to be another hot gadget a “mini” version of its market-leading iPad tablet. Apple sent out invitations forAFP - 570 words
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Article, Illustration538 2012-10-23 4 NISHA RAMCHANDANI - Private limited company still top choice for new businesses: report By NISHA RAMCHANDANI [SINGAPORE] Despite the slowing economy, new business registration activity in Singapore appears to be holding strong, with 14,243 businesses registered in the third quarter of this year, up from 13,934Source: Janus Corporate Solutions - 538 words
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712 2012-10-23 4 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo JAPAN’S clash with China over ownership of the Senkaku Islands appears to be taking a heavy toll on Japanese exports, just at a time when weakening external demand elsewhere in the world and a strong yen712 words
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Advertisement25 2012-10-23 2 SOTHEBY’S PRESENTS 23 OctOber 2012 31 January 2013 Main SPOnSOr ENQUIRIES LoNdoN +44 20 7293 6342 ALEX ANdER.PL AToN@SoTHEBYS.CoM SINgAPoRE +65 6732 8239 CATHERINE.KEE@SoTHEBYS.CoM SoTHEBYS.CoM/zAdoKBENdAvId25 words
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Advertisement77 2012-10-23 3 Asset Management Wealth Management Asset Services Pictet announces the granting of its Hong Kong banking licence. The latest milestone in our presence and expansion in Asia. SF > I n A s::j A m i > 7 Ui&i V V v;; A 2 •A "^1 A' I BftSJsfej >/ 177 words
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Advertisement305 2012-10-23 4 FRANCHISING LICENSING ASIA 2012 Exhibition Conference The International Event for Entrepreneurship, Business Opportunities Intellectual Property Rights in Asia www.FranchiseLicenseAsia.com Gain insights on Franchise License Concepts from all over the world! Apparels Beauty Spa Cleaning POS Solution' Environmental Senior Care Service Services Beauty/Spa I lomecare Service lllCtltlOll Food Restaurants Health C305 words
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COMPANY NEWS
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374 2012-10-23 5 MALMINDERJIT SINGH - Revenue up 13.9% at $78.7m, thanks to healthcare, hospital services By MALMINDERJIT SINGH HEALTHCARE provider Raffles Medical Group (RMG) has reported a 6.6 per cent hike in third-quar-ter net profit to $12.5 million from a year ago. Revenue for the three months ended374 words
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Article388 2012-10-23 5 ANGELA TENG - Higher admin, income tax expenses contributed to loss By ANGELA TENG YOMA Strategic Holdings Ltd (YSH) yesterday posted a net loss attributable to shareholders of $4.24 million for its second quarter ended Sept 30. In the corresponding quarter last year, the realestate developer and388 words
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Article, Illustration498 2012-10-23 5 LYNN KAN - By LYNN KAN NEPTUNE Orient Lines is expected to make a “significant improvement” and return to profit in its third quarter, said Credit Suisse. Steady rate gains accompanied by cargo volume increases on all lanes except Europe, as well asPHOTO: BLOOMBERG - 498 words
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239 2012-10-23 5 Bloomberg AIRCRAFT Capital Trust, a business trust backed by General Electric Co, is seeking about US$700 million in a Singapore initial public offering, said three people with knowledge of the matter. The company plans to start trading by next monthBloomberg - 239 words
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598 2012-10-23 7 JOYCE HOOI - Soup Restaurant claims sub-tenancy for premises had expired on Oct 6 By JOYCE HOOI THE Soup Restaurant Group-Dian Xiao Er legal tussle might have been put to rest with a settlement earlier this year, but a turf war appears to have erupted598 words
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507 2012-10-23 7 JOYCE HOOI - Employees will also enjoy ‘career break’ 3-mth no-pay leave By JOYCE HOOI AT OCBC Bank, it has sunk in that employees are probably only as happy as their 12-year-old children. Now, anyone working for OCBC Bank or its subsidiaries can squirrel away507 words
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COMPANY BRIEFS
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94 2012-10-23 7 FIRST Resources Ltd is acquiring two companies related to the plantation business in Indonesia. It acquired 100 per cent of the share capital of PT Gerbang Sawit Indah for US$31.2 million through an indirect subsidiary and has agreed to acquire 100 per cent of all94 words
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84 2012-10-23 7 ASIAMEDIC Limited is looking into collaborating on health care opportunities in Myanmar with Asia Merit Pte Ltd, an unrelated third party. The two companies have inked a non-binding memorandum of understanding to define the framework of cooperation. Under the MOU, AsiaMedic and Asia Merit84 words
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171 2012-10-23 7 THE Hour Glass Ltd’s associated company, THG Prima Times Co Ltd, has inked a joint venture agreement with Royal Paragon Holding Company Ltd to establish a travel retail business in Thailand. Royal Paragon Watch Limited, the new private limited company incorporated in171 words
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233 2012-10-23 7 Bloomberg RELIGARE Health Trust, which started trading in Singapore on Oct 19, said it has hedged against foreign currency risks. “The trust has put in place forward contracts to hedge its Indian rupee cash flows into the Singapore dollar therebyBloomberg - 233 words
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Article, Illustration881 2012-10-23 8 KHALID HUSAIN - It’ll add 10,000 units of serviced residences by 2015; occupancy in Europe over 70% despite euro crisis. By KHALID HUSAIN By KHALID HUSAIN FROM having just one serviced residence property in Singapore in 1984 to some 214 properties around the world today, The Ascott881 words
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Article, Illustration379 2012-10-23 8 KHALID HUSAIN - By KHALID HUSAIN THE Ascott recently acquired The Cavendish hotel in London for £158.8 million (S$311 million) while renovating its three serviced residence properties in the city and three in Paris. The group plans to transform the 230-unit hotel, strategically located in London’s upscalePHOTOS COURTESY OF THE ASCOTT LTD - 379 words
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Article273 2012-10-23 8 ShareInvestor A SUBSIDIARY OF Sfh Petra Foods’ “SEEDS” cocoa sustainability initiative bears fruit with 7 programs in Indonesia, Africa, Brazil and Vietnam Petra Foods Limited, one of the world’s major manufacturers and suppliers of cocoa ingredients and branded consumer confectionary products, announced that its global cocoa sustainability273 words
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Advertisement47 2012-10-23 5 CreditSuisse m mz r 4 '-y* jo i k Oil I ESCAPE olce usto in is? EWT 3?? FJ S’? 3?S Wt* Nescafe ~;-f m >-■- ‘—-^SsL* i±t? r m H LAURENT FREIXE BRINGS A FRESH PERSPECTIVE TO NESTLE'S GROWTH. Credit Suisse is adding an extra dimension. credit-suisse.com/clients47 words
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SINGAPORE MARKETS
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Article, Illustration542 2012-10-23 6 VEN SREENIVASAN - Lukewarm trading on low volume is the pattern, ahead of US corporate earnings and economic data STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets were characterised by tepid trading on low volume ahead of a raft of US corporate earnings and economic data. The StraitsSource: - 542 words
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Article186 2012-10-23 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 6 0 0 0 5 5 6 Manufacturing 40 48 43 5 8 10 45 56 53 Commerce 19 26 19 2 1 4 21 27 23 Tpt/Stor/Comms 10 16 13186 words
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Article123 2012-10-23 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,517 15,517 87,165 87,165 Manufacturing 244,143 17,639 261,782 202,692 545 203,237 Commerce 116,185 1,437 117,622 79,825 245 80,070 Tpt/Stor/Comms 74,313 15,196 89,509 109,467 4,926 114,393 Finance 18,764 141 18,905 117,851 61 117,912 Construction 46,877 51,735123 words
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Article114 2012-10-23 6 Stock name Close Change CapMallsAsia 1.790 +0.005 CapitaLand 3.240 -0.030 CapitaMall 2.130 -0.010 CityDev 11.720 -0.060 ComfortDelGro 1.630 -0.005 DBS Grp 14.080 -0.010 F&N 9.260 -0.030 GLP 2.540 +0.010 Genting SP 1.320 -0.010 Golden Agri 0.635 +0.005 HK Land 5.950 -0.010 IHH Healthcare 1.290 -0.015 JMH114 words
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Article66 2012-10-23 6 Oct 22 VALUE CLOSE BT OB/OS -207.00 +179.0 BT CADI -*****.00 -33.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 753.65 -1.76 FTSE ST Small Cap 496.59 +1.37 FTSE ST All Share 747.79 -0.81 FTSE ST China Top 201.80 -0.59 FTSE ST China 219.78 -0.47 FTSE66 words
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Article53 2012-10-23 6 VOLUME Geo Energy 190,676,000 Religare 68,298,000 Yoma 51,719,000 YHM 49,550,000 Ntegrator 42,196,000 Golden Agri 35,895,000 ElektromotiW*****0 34,606,000 Thai Beverage 34,226,000 Oceanus 28,793,000 Interra 28,548,000 VALUE($) Geo Energy 77,163,535 Keppel Corp 69,778,640 F&N 60,842,860 Religare 54,117,810 UOB 51,441,694 SingTel 42,793,040 OCBC Bk 34,271,573 Yoma 29,100,435 SembMar 23,227,938 Noble53 words
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Article, Illustration940 2012-10-23 6 KENNETH LIM - Compiled by KENNETH LIM Mapletree Logistics Trust Oct 22 close: $1.16 MAYBANK KIM ENG RESEARCH, Oct 22 Q2 FY2013 revenue at $77 million (flat q-o-q, +13 per cent y-o-y), was 24 per cent of ours and 25 per cent of consensus estimate. H1 FY2013 revenue at $155 millionSource: - 940 words
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Article, Illustration484 2012-10-23 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies weakened as the sharpest decline in Japanese exports in more than a year heightened concern that Europe’s debt crisis is sapping demand for regional goods. Thailand’s baht slipped for a third day and South Korea’s won retreated fromBloomberg; PHOTO: BLOOMBERG - 484 words
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Article111 2012-10-23 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 223.0 1.0 JMH 5940 73.3 1.0 DBXT S&P Short 10US$ 3520 59.9 1.4 Lyxor AsiaRE 10US$ 958 28.1 2.5 Hyflux 6% CPS 10 ***** 20.0 0.2 UOB 5.05%NCPS 100 ***** 18.0 0.2 Jardine C&C 5150 17.0 0.3 YHS 498 17.0111 words
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Article126 2012-10-23 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5645 -152.8 -2.2 GLD 10US$ ***** -114.9 -0.6 DBXT DBLCI-OY 5US$ 3940 -99.0 -2.0 DBXT MSAsExJp 10US$ 3138 -55.0 -1.4 DBXT FTChina25 10US$ 2824 -23.2 -0.7 DBXT Nifty 10US$ ***** -23.2 -0.2 DBXT MSINDIA 10US$ 856 -19.6 -1.8 DBXT MSINDO 10us$ 1530126 words
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Page 7 Advertisements
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Advertisement34 2012-10-23 7 'tit CreditSuisse Bte *!i V> s> Ss&£ X’- .i 1 V SN? MAIL m sg ■-^5 OXYGEN’S ELECTRIC SCOOTERS ARE LEAVING THE FOSSIL FUEL ERA BEHIND. Credit Suisse is helping the company evolve. credit-suisse.com/clients34 words
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Advertisement205 2012-10-23 8 ranq mahal RESTAURANTS We missed you and hope that you missed us too. The wait will not be long. We will unveil a whole new dining experience at Pan Pacific Marina, Singapore, at the end of the year. With love, Kang Mahal Celebrate Diwali with our new mitthai sweets collection205 words
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Advertisement24 2012-10-23 8 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 00 WAT3 NOTICES24 words
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Advertisement37 2012-10-23 8 KISS92 All the great songs in one place Utck A ft 0 KIS592 I m FT CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm @kiss92fm37 words
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Advertisement1777 2012-10-23 9 Shanghai International Capital Plaza INITIAL PUBLIC OFFERING SUBSCRIBE NOW! IPO closes tomorrow Dalian Tianxing Roosevelt Center Nanjing International Finance Center Singapore’s First RMBdenominated REIT with dual currency listing Offering of 893,162,000 Units to 900,832,000 Units Public Offer Units: No less than 53,888,000 Units Offering Price Range: RMB4.40 to RMB4.70 per1,777 words
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SINGAPORE NEWS
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Article, Illustration326 2012-10-23 10 ARTHUR LEE - By ARTHUR LEE FORTY Standard Chartered employees spent their weekend cycling down from Selangor and raised US$300,000 for StanChart’s global initiative “Seeing is Believing”. They started their 437 km “Ride for Sight” at 7 am on Friday from Kajang, near Kuala Lumpur.326 words
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503 2012-10-23 10 RONNIE LIM - First one to start up in Q2 next year will create trading hub, help Singapore diversify supplies By RONNIE LIM SINGAPORE does not rule out the possibility of building a second multi-billion dollar LNG terminal, S Iswaran said yesterday. “It depends on503 words
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277 2012-10-23 10 TEO SI JIA - ACE scheme offers businesses discounts and deals from 40 merchant partners By TEO SI JIA ENTREPRENEURS will find the pain of setting up their businesses alleviated with the Action Community for Entrepreneurship’s (ACE) new initiative. Introduced yesterday at the Start-up Conference organised by DP277 words
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244 2012-10-23 10 NEEDY tertiary school students are now eligible to be beneficiaries of the Straits Times School Pocket Money Fund (SPMF), which has aided mostly primary and secondary school children since its launch in 2000. SPMF will put aside $1.5 million for school-goers244 words
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447 2012-10-23 11 GRACE LEONG - Article 144 applies only when govt raises loan or gives guarantee, not when it gives loan: judge By GRACE LEONG REFORM Party secretarygeneral Kenneth Jeyaretnam has failed in his legal bid to block the government’s US$4 billion loan commitment to447 words
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SINGAPORE ROUNDUP
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Article77 2012-10-23 11 OPERATIONALLY ready NSmen now serving out their cycles, as well as those who have completed their cycles, will receive a year’s free membership in Safra or HomeTeamNS. All NSmen will also receive vouchers to enjoy a movie or meal with their family and friends. The77 words
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100 2012-10-23 11 SINGAPORE and Bhutan yesterday inked a memorandum of understanding (MOU) to collaborate in infocomm technology (ICT). The MOU will pave the way for developing ICT manpower and expertise in Bhutan. As a start, the Infocomm Development Authority of Singapore (IDA) and the Temasek Foundation100 words
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Article41 2012-10-23 11 OPENNET yesterday said it has increased installation capacity by almost 15 per cent from 3,100 to 3,550 connections per week following a review of its capacity utilisation. Its fibre subscriber base reached the 220,000 mark last month.41 words
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Advertisement194 2012-10-23 11 FT Business School Ranking 2012 LUXURY BRAND MANAGEMENT Stay on the pulse of the luxury market 17-21 November 2012 N°7 WORLDWIDE FOR EXECUTIVE EDUCATION (open enrollment programs) An interactive workshop to provide insights into branding, management and consumer trends in the luxury industry Understand the key challenges and changing dynamics194 words
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SME Inc
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Article, Illustration1253 2012-10-23 12 reportsWANG XIN MIN - German restaurant Brotzeit plans to open 80 new stores in nine Asian countries over the next five years, reports WANG XIN MIN reportsWANG reportsWANG XIN MIN THINK of German cuisine and what comes to mind would probably be mugs of cold beer served duringPHOTO' ARTHUR LEE - 1,253 words
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Article, Illustration997 2012-10-23 12 ADEL DIMIAN - Engage SMU profs ADEL DIMIAN Adel Dimian is an associate professor of strategic management (practice) at the Lee Kong Chian School of Business, Singapore Management University Q: What can we do, as leaders and managers of SMEs, to ensure the continued success of997 words
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Page 12 Advertisements
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Advertisement154 2012-10-23 12 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 with154 words
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PRODUCTIVITY MATTERS
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Article, Illustration1185 2012-10-23 13 NISHA RAMCHANDANI - Strategies to take the furniture industry forward include improving value-added at home through good design and branding, reports NISHA RAMCHANDANI FURNITURE INDUSTRY reports NISHA RAMCHANDANI SINGAPORE’S furniture industry is looking to secure a bigger share of the global market in the coming years while concurrentlySource:; FILE PHOTO - 1,185 words
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Article658 2012-10-23 13 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. Companies can get up to 50% co-funding for automation, equipment, process re-engineering and training costs658 words
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MALAYSIA/INDONESIA
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446 2012-10-23 14 PAULINE NG - Mild increase seen as positive for BAT; unclear if price rise exceeds tax hike By PAULINE NG in Kuala Lumpur A PACKET of cigarettes in Malaysia will cost 20 sen more following a tax increase by the Royal Malaysian Customs, in a446 words
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494 2012-10-23 14 S’pore, Japan are top two foreign investors in Jan-Sept period Reuters [JAKARTA] A record US$5.9 billion in foreign direct investment flowed into Indonesia in the third quarter, showing that South-east Asia’s biggest economy remains resilient in the face of a bleak globalReuters - 494 words
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Article, Illustration641 2012-10-23 14 Reuters [SINGAPORE] When Tastyfood Industries decided to boost production to meet demand in Africa and the Middle East, the maker of Mr Cafe instant coffee and Vitamax cereal did not plan an expansion of its Singapore factory or another one it ownsReuters - 641 words
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Advertisement109 2012-10-23 14 Do you aspire to become a Best Employer? Start Your Journey Today join the Aon Hewitt Best Employers 2013 Study 10 years of Best Employers studies in Asia supports the striking evidence: high levels of Employee Engagement, a compelling Employer Brand, Effective Leadership and a High Performance Culture translate into109 words
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GREATER CHINA/INDIA
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615 2012-10-23 15 FREDERICK YEUNG - Guangdong, Zhejiang bolster hopes China’s overall prospects are improving By FREDERICK YEUNG EJ insight [HONG KONG] Guangdong and Zhejiang provinces, which are among the major industrial and costal regions of China, have experienced faster economic growth in the first three quarters of thisEJ insight - 615 words
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Article, Illustration694 2012-10-23 15 Cheap open-cast mines won’t be feasible in 10 years Reuters [DHANBAD, India] The slick mechanised operations at the Piparwar open-cast mine in eastern India, an ugly gash in the landscape bigger than New York’s Central Park, could lead the casual observerReuters; PHOTO: REUTERS - 694 words
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316 2012-10-23 15 AFP [HONG KONG] The Hong Kong dollar yesterday continued to sit at the high end of its trading range against the US dollar despite an intervention late last week by the city’s de facto central bank to weaken the unit. The US dollarAFP - 316 words
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Page 15 Advertisements
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Advertisement106 2012-10-23 15 I CORUM LACHAUX-DE-FONDS SUISSE W x x w R O »x> y GOLDEN BRIDGE AUT0MATIC Unear-winding automatic movement, 18K red gold case with sapphire crystal sides and back. Engraved gold version of the first CORUM automatic baguette-shaped movement. CORTINA WATCH ESPACE Millenia Walk Tel: *****728 Marina Bay Sands Tel: 6688106 words
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ECONOMY WATCH
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773 2012-10-23 16 UBS index tracking profits from carry trade falls to lowest level since 2011 Bloomberg [LONDON] The US$4 tril-lion-a-day foreign-ex-change market is losing confidence in central banks’ abilities to boost a struggling world economy. Rather than sparking bets on growth, the JPMorgan Chase CoBloomberg - 773 words
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Article, Illustration572 2012-10-23 16 Reuters [CANBERRA] Australia’s government announced A$16.4 billion (S$20.7 billion) in new savings and tax measures over four years yesterday to protect a wa-fer-thin budget surplus for 2012/13, opening the way for the central bank to further cut interest rates as early as next month.Reuters; PHOTO: AP - 572 words
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293 2012-10-23 16 Growth will weaken substantially in final quarter: ministry AFP AP [FRANKFURT] The German economy, Europe’s biggest, will see a sharp slowdown in growth at the end of the year, the finance ministry wrote in its monthly report published yesterday. Germany has so far heldAFP; AP - 293 words
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Page 16 Advertisements
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Advertisement38 2012-10-23 16 U 1 t > KJ A product of SPH, Singapore's trusted media group. If there’s really an opening, you’ll probably find it on stjobs.sg The STJobs App for iPhone and iPad is free for download at the App Store.38 words
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WORLD
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650 2012-10-23 17 With S&P 500 Index up 14% this year, market is expected to extend bull run Bloomberg [LONDON] US stocks are beating every major asset class for the first time in 17 years even as economic growth weakens and profits rise at theBloomberg - 650 words
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398 2012-10-23 17 Changes will make market for such debt simpler, safer; paper out next year Bloomberg [HONG KONG] Australia’s banking regulator is working on securitisation reforms that it says will make the nation’s market for such debt simpler, safer and more attractive to global investors. The AustralianBloomberg - 398 words
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Article, Illustration335 2012-10-23 17 AFP [SINGAPORE] Asia will be the first to feel the impact of any Middle East oil supply disruption as regional demand surges, the International Energy Agency (IEA) said yesterday. IEA executive director Maria van der Hoeven said in Singapore that mostAFP - 335 words
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262 2012-10-23 17 Reuters [NEW YORK] Credit Suisse has put its US$17.2 billion European exchange-traded fund business up for sale, according to sources familiar with the matter. BlackRock and State Street Global Advisors, the asset management arm of State Street Corp, are among the firmsReuters - 262 words
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Article, Illustration682 2012-10-23 18 Deal makes Rosneft a top player, gives BP larger stake in Russian state firm AFP [LONDON] Rosneft has agreed to buy BP’s high-ly-profitable Russian joint venture, transforming itself into a top player in the global oil sector in a US$61 billionAFP; PHOTO: AP - 682 words
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740 2012-10-23 18 New breed of hedge fund investors emerging Reuters [LONDON] Rich private investors are turning their backs on hedge funds because moves to attract more conservative pension fund clients mean managers no longer deliver the big returns they crave. The fastest growing source ofReuters - 740 words
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Article, Illustration462 2012-10-23 18 Reuters [LONDON] Britain’s banks will have to provide detailed forecasts to a new supervisor which can then order them to change their business models or raise more capital, ending the “light touch” regulation that existed before the 2007-9 financial crisis. Britain’s PrudentialReuters - 462 words
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Article, Illustration321 2012-10-23 18 [FRANKFURT] German engineering giant Siemens said yesterday it is pulling the plug on its activities in solar energy owing to cut-throat competition and waning public subsidies. Siemens said it “plans to divest its solar business activities and is currently holding talksAFP - 321 words
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Article, Illustration284 2012-10-23 18 Reuters [GENEVA] Lance Armstrong has been stripped of his seven Tour de France titles and banned for life after the International Cycling Union (UCI) said yesterday it had ratified the United States Anti-Doping Agency’s (USADA) sanctions. The decision was announced at a UCIReuters; PHOTO: AFP - 284 words
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Article, Illustration771 2012-10-23 19 To widen margins, they are lending to non-investment grade companies Bloomberg [TOKYO] Japan’s biggest banks are spending the least amount to cover losses on bad loans this century. That could change as they step up lending to the nation’s ailing electronics companies includingBloomberg; PHOTO: REUTERS - 771 words
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600 2012-10-23 19 Bloomberg [LONDON] GlaxoSmithKline plc is applying Shinya Yamanaka’s Nobel Prize-winning discovery in stem cells to identify heart risks linked to experimental drugs earlier in the development process. Mr Yamanaka was awarded the Nobel Prize in medicine this month for his work in turning ordinary skinBloomberg - 600 words
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Article, Illustration396 2012-10-23 19 India, Japan among keen buyers at annual sale AFP [SYDNEY] Global miner Rio Tinto said yesterday there was unprecedented demand for its rare pink and blue diamonds at its annual sale, with India and Japan among the keen buyers. The 2012 ArgyleAFP; PHOTO: AFP - 396 words
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Article, Illustration716 2012-10-23 20 US giant’s offer for last available Aussie asset comes at time of consolidation Reuters [SYDNEY] US agriculture giant Archer Daniels Midland has bid A$2.7 billion (S$3.4 billion) for GrainCorp, sending shares in Australia’s last independent grains handler soaring, as markets bet on a higherReuters; PHOTO: BLOOMBERG - 716 words
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1012 2012-10-23 20 They see it as necessary to curb massive, and fast-rising, budget deficit ANALYSIS Reuters [NEW YORK] Nobody likes taxes, and much of Wall Street has poured money into Mitt Romney campaign coffers to avoid paying higher ones. Yet a surprising number of topReuters - 1,012 words
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343 2012-10-23 20 Reuters [LONDON] UK firms handed out record dividends in the last quarter and are on track for annual all-time high payouts as they look to keep investors sweet in the face of faltering earnings growth, Capita Registrars said. The third-quarter payout ofReuters - 343 words
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272 2012-10-23 20 Reuters [LONDON] British law firms are unlikely to sell to private equity investors, a survey said yesterday, dealing a blow to the buyout firms that are searching for deals in the sector. Some 77 per cent of law firms polled by legalReuters - 272 words
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811 2012-10-23 21 But they don’t expect it to announce new programme at FOMC meeting this week Bloomberg [NEW YORK] The world’s biggest bond traders say the Federal Reserve will decide before year-end to buy Treasuries in addition to purchasing US$40 billion of mortgageBloomberg - 811 words
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Article, Illustration759 2012-10-23 21 KEVIN VOIGT - By KEVIN VOIGT The writer is an Asia business producer at CNN.com, based in Hong Kong. For more business coverage, go to www.cnn.com/business. [HONG KONG] If you are one of the few who haven't seen South Korean rapper Psy’s performance on YouTube (which, untilPHOTO: REUTERS - 759 words
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Article, Illustration400 2012-10-23 21 Move comes after Canberra allows its exports to India AFP [SYDNEY] Australia’s min-eral-rich Queensland state reversed a decades-long ban on uranium mining yesterday, citing rekindled interest in the nuclear fuel after Canberra gave the go-ahead to exports to India. Uranium hasAFP - 400 words
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286 2012-10-23 21 Six top officials, including CEO, reap total of US$14.6m Bloomberg [NEW YORK] A half-dozen top Goldman Sachs Group Inc officials, including CEO Lloyd Blankfein and president Gary Cohn, reaped US$14.6 million by exercising 10-year-old stock options due to expire next month. Mr Blankfein, 58,Bloomberg - 286 words
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Page 17 Advertisements
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Advertisement820 2012-10-23 17 W I V t i v m 1515 TWO MOMENTS NOW, AND LATER LIFE REQUIRE INCOME: The uncertainty of the markets is pulling your investments in one direction. The growing demands of your life education and retirement in another. “So what do I do with my money?” Income isn’t just820 words
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Page 18 Advertisements
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Advertisement595 2012-10-23 18 CCFH LTD. (Company Registration No. *****0473E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of CCFH Ltd. (the “Company”) will be held at 10 Jalan Kilang, #05-04 Sime Darby Enterprise Centre, Singapore *****0 on 9 November 2012595 words
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Page 19 Advertisements
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Advertisement2039 2012-10-23 19 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m SINOTEL TECHNOLOGIES LTD. (Company Registration Number *****4275R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SINOTEL TECHNOLOGIES LTD. (the “Company”) will be held at Conference Room 1, Level 2, Warren2,039 words
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Page 20 Advertisements
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Advertisement841 2012-10-23 20 WAT3 NOTICES 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ENG BEE COMPANY PRIVATE LIMITED (Co. Reg. No. *****0169K) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 9 Temasek Boulevard841 words
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Advertisement901 2012-10-23 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIETHELM SCANSTYLE (PRIVATE) LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2288C Extract of the Minutes of an Extraordinary General Meeting of DIETHELM SCANSTYLE (PRIVATE) LTD signed by the Representative of the Holding Company pursuant to901 words
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Page 21 Advertisements
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Advertisement145 2012-10-23 21 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 VICKERS BALLAS ASSET MANAGEMENT PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****0405N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act,145 words
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Advertisement583 2012-10-23 21 CHINASING INVESTMENT HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Chinasing Investment Holdings Limited (the “Company”) will be held at Re!Joice 2, Level 2 Hotel Re! Pearl's Hill, 175A Chin Swee Road, Singapore *****9,583 words
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SHIPPING/AVIATION
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Article, Illustration685 2012-10-23 22 LYNN KAN - CEO expects ships into S-E Asia to be at least 85-90% filled in peak season By LYNN KAN FIVE months after the Marina Bay Cruise Centre (MBCC) accepted its first cruise ship in May, terminal operator SATS-Creuers Cruise Services has revealedPHOTO: CHEW SENG KIM/THE STRAITS TIMES - 685 words
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Article260 2012-10-23 22 SGX '000 Oct 22 S$ +/-Vol CH Offshore 0.53 unch 358 Chuan Hup Hldg 0.30 -0.01 882 Cosco Corp 0.90 -0.01 4957 s$ Ezra Hldgs 1.18 unch 6831 First Ship Lea 0.12 unch 302 Freight Links 0.07 unch 586 Grand Banks 0.37 unch 21 Jaya Hold Ltd 0.57260 words
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239 2012-10-23 22 Bloomberg [LONDON] Somalia piracy attacks against merchant shipping plunged in the third quarter as improved on-board security and interventions by navies led to a decline in incidents on a trade route linking Asia and Europe. One ship was attacked between July andBloomberg - 239 words
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Article, Illustration715 2012-10-23 22 NYT [PARIS] Less than two weeks after its parent abandoned a megamerger with BAE Systems, Airbus is set to enter a critical new phase in the development of its newest aeroplane, the A350, which will come under greater scrutiny as the industry facesNYT - 715 words
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411 2012-10-23 22 AP [BUENOS AIRES] Argentina announced the immediate evacuation over the weekend of about 300 crew members from the ARA Libertad, a navy training ship seized in Africa nearly three weeks ago as collateral for unpaid bonds dating from the South AmericanAP - 411 words
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349 2012-10-23 22 VEN SREENIVASAN - Several organisations seek collaborative arrangement with it By VEN SREENIVASAN THE Civil Aviation Authority of Singapore (CAAS) said its recently announced plans to develop Singapore as a Centre of Excellence for Air Traffic Management (ATM) has attracted strong interest from organisations across the349 words
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1928 2012-10-23 23 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 Destination1,928 words
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Page 22 Advertisements
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Advertisement32 2012-10-23 22 Personal property tax pilot project fails to produce results China's propertytax reform needs further work IE To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg32 words
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Page 22 Miscellaneous
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Miscellaneous322 2012-10-23 22 CRYPTIC CROSSWORD Across 7 Key impression made around motorway north (7) 8 Old Chancellor with very regal character at all events (7) 10 Uncertain situation for a high-flier? (2,2,3,3) 11 Drop reportedly in rank (4) 12 Only nameless lad is sadly lacking faith (8) 14 A dope clearly disheartened in322 words
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Page 23 Advertisements
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Advertisement34 2012-10-23 23 PLACE YOUR AD HERE The Business Times Shippi CALL JOE WOIN g Times IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II34 words
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Advertisement30 2012-10-23 23 Experienced sh/p maintenance m you y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES III. UUJINLJJ IIIVILJ Shipping Times30 words
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EDITORIAL & OPINION
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470 2012-10-23 24 EDITORIAL THE Organisation for Economic Co-operation and Development (OECD) is being less than constructive when it criticises Indonesia’s focus on achieving food security through self-sufficiency. The OECD’s ivory-tower report earlier this month is that opening up Indonesia’s food markets to imports of grain and other470 words
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Article, Illustration787 2012-10-23 24 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT THE US economy finally seems to be recovering in earnest, with housing on the rebound andNYT - 787 words
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Article, Illustration1121 2012-10-23 24 NEETA LAL - Coalition government also runs the risk of not completing its current four-year term By NEETA LAL Neeta Lal is a New Delhi-based senior journalist and columnist FTER prolonged policy inaction that saw India’s GDP growth slump to a nine-year low of 5.3 perPHOTO: REUTERS - 1,121 words
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Article, Illustration1570 2012-10-23 25 LEE SHIN HUAY - Perform tax due diligence, review group structure and consider tax implications By LEE SHIN HUAY Lee Shin Huay is tax manager at the Singapore Institute of Accredited Tax Professionals (SIATP). This article is based on the presentation made by Lee Tiong Heng, partner,FILE PHOTO - 1,570 words
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Article, Illustration538 2012-10-23 25 ROBERT SAMUELSON - ROBERT SAMUELSON The Washington Post Writers Group WHAT we heard in the second presidential debate was President Barack Obama and Mitt Romney not discussing the United States’ future. Almost every expert agrees that controlling health costs is the crux of curing chronic budget deficits.The Washington Post Writers Group; PHOTO: AP - 538 words
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Article85 2012-10-23 25 IN “US companies’ interests may not dovetail with US govt’s” (BT, Oct 12), we reported that four years ago, Bain Capital was considering a major investment in Huawei, a huge Chinese telecommunications company, before the US government warned that the firm was involved in operations that posed a threat85 words
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SINGAPORE STOCKS
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Article2926 2012-10-23 26 Transaction date: Oct 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 148.5 92.5 AIMSAMPIReit 147 unch 145 147 1452,926 words
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Article178 2012-10-23 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.6 unch 110 1.6 1.5 1.5 1.6 23.8 Last Quote Div Gr Yld Net M Cap High Low178 words
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Article8156 2012-10-23 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl 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 Mgt Asia Limited f M local Ccy Bond 0.964/ European Opportunities 18,156 words
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Article189 2012-10-23 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 41.5 26 Genting HK US$ US32 unch 3911 32 31.5 32 32.5 2107 Day 228 169 TanChongInt HK212 211 217 4.3 3.3 7.1 4269.5 STOCK PRICES189 words
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Article969 2012-10-23 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 114.4 ABF SG Bond ETF 119 -0.5 3 123 119 119 119.9 543.2 128.9 120.4 CIMB APAC Div 100S$D 128.4 126.5 127.4 104.6 95.8 CIMB969 words
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FINANCE & COMMODITIES
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Article635 2012-10-23 28 Oct 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8874.52 9031.55 8867.79 Dec12 8975.00 9040.00 8840.00 9025.00 ***** *****9 Mar13 8885.00 8995.00 8885.00 9010.00 2 1917 MSCI TAIWAN INDEX FUTURES SPOT 261.55 262.76 260.34 Oct12 262.90 263.10 259.20 262.00 ***** *****7 Nov12 262.20635 words
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373 2012-10-23 28 In local curr In S$ In US$ dy yr dy yr dy yr Oct 19 Index Change Change Change Change Change Change World Preliminary 926.5 -0.8 11.7 -0.8 5.6 -1.0 12.2 EAFE Preliminary 742.8 -0.4 8.9 -0.7 3.3 -0.8 9.8 Europe Preliminary 1126.0 -0.7 9.7373 words
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Article, Illustration102 2012-10-23 28 As on 19 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1740.10 1717.20 1724.10 INDIA GOLD (E-GOLD) FUT DEC2012 580.65 573.90 578.95 CURRENCY EUR-USD FUT DEC2012 1.3083 1.3032 1.3027 BASE METAL COPPER FUT DEC2012 8221 8045 8020 INDEX IRON ORE (MBIO) IDX102 words
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Article107 2012-10-23 28 Oct 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 12 1534.25 1545.50 1555.75 1532.25 Jan 13 1536.50 1546.25 1557.00 1534.50 Mar 13 1509.25 1519.75 1528.00 1507.50 May 13 1463.75 1475.75 1483.00 1461.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 51.58107 words
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Article70 2012-10-23 28 CRUDE OIL PRODUCTS Oct 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.79 -0.66 WTI (Near Mth) 90 -2.04 Dubai (1-Mth F) 109.66 -0.82 Tapis blend 117.43 -0.43 Minas 112.08 -0.93 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.28 0.5 Jet Kerosene 131.23 -0.55 US$/barrel OpecOil Basket70 words
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Article22 2012-10-23 28 Oct 22 S$ Bid Offer 1-month 1.2222 1.2232 2-months 1.2222 1.2232 3-months 1.2221 1.2232 6-months 1.2217 1.2228 Source: OCBC22 words
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Article66 2012-10-23 28 Oct 19 Oct 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1946.25 1991.50 3 months 1970.00 2015.00 Copper, Grade A(US$/tonne) Cash 8010.00 8217.00 3 months 8015.00 8220.00 Lead(US$/tonne) Cash 2108.00 2148.00 3 months 2115.00 2157.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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Article80 2012-10-23 28 Oct 19 COCOA (£/tonne) Close Prev High/Low Dec 12 1614 1575 1617/1594 Mar 13 1606 1569 1610/1585 May 13 1612 1575 1615/1589 Jul 13 1619 1582 1621/1597 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2063 2021 2066/2028 Jan 13 2081 2048 2089/2057 Mar 13 2099 2068 2107/2075 May 13 211380 words
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817 2012-10-23 28 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 1 146 488 6.38 19 Conv Ratio Baker Technology Ltd W*****6 0.3 0.1 4202 1 32 -1 108.33 1 Price Best World Intl Ltd W*****5 0.3 1817 words
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Article470 2012-10-23 28 Oct 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.449 0.791 7.991 55.360 99.028 0.821 11.386 3.148 1.262 98.316 42.689 1.261 8.877 0.957 30.165 31.683 0.643 1.031 Canada 0.975 6.290470 words
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Article60 2012-10-23 28 Oct 22 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP60 words
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Article135 2012-10-23 28 Oct 22 GOLD(US$/oz) Oct 19 Oct 22 Hong Kong 1745.50 1733.00 Oct 18 Oct 19 London 1743.30 1734.07 1744.30 1734.99 Source: Thomson Reuters CAST BAR Oct 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 152 68 5gm 432 339 10gm 772 677135 words
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Article84 2012-10-23 28 Oct 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-Jan-13 0.22 0.19 6-Month BS*****N 18-Apr-13 0.26 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.15 102.19 102.19 5-Year N*****0Z84 words
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Article57 2012-10-23 28 Oct 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2400.0 2404.0 2469.0 2395.0 598 5371 Dec 12 2461.0 2475.0 2544.0 2460.0 6940 ***** Jan 13 2499.0 2501.0 2580.0 2497.0 ***** ***** Feb 13 2530.0 2540.057 words
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Article154 2012-10-23 28 Oct 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2598 1.2614 1.0308 1.0312 Canadian dollar 1.2287 1.2305 1.0059 1.0053 Euro 1.5934 1.5949 1.3037 1.3039 NZ dollar 0.9982 0.9996 0.8167 0.8172 Sterling pound 1.9594 1.9614 1.6032 1.6035154 words
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Article121 2012-10-23 28 As at 9am Oct 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.289 1.228 Can dollar 1.257 1.198 Euro 1.628 1.551 Sterling pound 1.991 1.915 NZ dollar 1.031 0.973 US dollar 1.245 1.186 Local dollars to 100 units of foreign121 words
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Article154 2012-10-23 28 Oct 22 $S Offer Bid 0vernight 0.06 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.48 0.28 6 months 0.70 0.50 9 months 0.85 0.65 12154 words
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PROPERTY
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Article, Illustration418 2012-10-23 29 Owner wants to turn autopsy slabs into beds and retain cadaver washtubs AFP [SYDNEY] An Australian businessman is hoping to turn a disused morgue which once served unfortunate psychiatric patients into a unique motel offering autopsy slabs for weary heads. The morgue inAFP - 418 words
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739 2012-10-23 29 Reuters [MACAU] A short walk from billionaire Stanley Ho’s extravagant Grand Lisboa casino stands the faded pink exterior of the Conde S Januário, Macau’s only public hospital. Inside, bathroom tiles are stained and paint peels off the walls along the corridors whereReuters - 739 words
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840 2012-10-23 30 ONG CHOR HAO - Savills urges buyers to be prudent when buying ECs that cost more than $1m By ONG CHOR HAO [SINGAPORE] A double-sto-rey penthouse at 1 Canberra in Yishun was sold for $1.61 million, setting a record for new executive condominiums (ECs) and prompting840 words
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294 2012-10-23 30 Reuters [LONDON] London-based homebuilder Telford Homes has increased its profit guidance for the first half of the year as strong demand from overseas investors targeting the capital’s busy rental market boosted sales. The group added that profit for the 2013-14 fiscal year wasReuters - 294 words
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Article, Illustration813 2012-10-23 30 Huge pipeline of hotels in Asia, staff crunch hurt profits Bloomberg [SINGAPORE] Pan Pacific Hotels Group chief executive officer Patrick Imbardelli said retaining employees in markets including Bali, Myanmar and Manila is the Asian hospitality industry’s greatest challenge. Competition amongBloomberg; PHOTO: PAN PACIFIC HOTELS GROUP - 813 words
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Article, Illustration937 2012-10-23 31 KALPANA RASHIWALA - Options said to have been granted for first few units at $2,900-3,100 psf By KALPANA RASHIWALA [SINGAPORE] A low-key by-appointment-only private preview has begun for Eden Residences Capitol, a high-end residential development just across the street from St Andrew’s Cathedral. BT understands that optionsPHOTOS: CAPITOL INVESTMENT HOLDINGS - 937 words
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Page 29 Advertisements
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Advertisement283 2012-10-23 29 ROBINSON SQUARE 144 Robinson Road 138 Robinson Road ocuer w \\\pi 1 H UaJ V WET* rz Vi V u cz> f A (Behold Freehold Landmarks in the heart of the QBD! Rare FREEHOLD strata titled offices/shops ir Premier location Short walk to Tanjong Pagar MRT station food centres m283 words
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Page 30 Advertisements
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Advertisement49 2012-10-23 30 fair iK V )f >; V V fww felMk A <sJ^'S K/Vr it „i/> #«v /v» ldSS92 All the great songs FM in one place y<mr uIak) escape you Tune in to Kiss 92 now to win kiss92.sg I facebook.com/kiss92fm @kiss92fm Partner: f S It’s more Fun in the ppines49 words
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Advertisement181 2012-10-23 30 PASIR PANJANG ROAD FREEHOLD INDUSTRIAL STRATA SPACE FOR SALE Contact: Investment Properties Alex Chow (CEA Reg. No.: R*****2D) 7:6224 8181 M: 9337 1881 6 Battery Road #32-01 Singapore *****9 89% ownership of 8-storey Freehold industrial building Strata Area for sale approx. 50,489 sq ft Approx. 600m to Pasir Panjang MRT181 words
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Advertisement18 2012-10-23 30 Head to CATS FASTADS in The New Paper for beauty haircare services! WATS BUY IT-SELL IT-FIND IT :LA/Dec05/Sg18 words
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Page 31 Advertisements
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Advertisement11 2012-10-23 31 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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Advertisement214 2012-10-23 31 CHEE HOON AVENUE GCBA FREEHOLD BUNGALOW FOR SALE BY TENDER Land Size: 14,093 sqft (approx)/ Built Up: 9,000 sqft (approx) Modern Distinctive 2-Storey Freehold Bungalow withAttic Spacious 8 bedrooms with En Suite Bathrooms NGHS NJC RGPS DUNEARN RD RD RD BT TIMAH RD PLEASANT SUBJECT SITE Walking distance to CCL214 words
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Advertisement109 2012-10-23 31 Have you bought a property in this new London development? As St George Pic's appointed rental agent, our on-the-spot Singapore office means we are perfectly placed to help landlords with rentals and management. With 50+ year's experience of specialising in rentals in central London, no other agent is better qualified109 words
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Page 32 Advertisements
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Advertisement80 2012-10-23 32 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 4q80 words
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