The Business Times, 22 August 2013

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Microfilm: NL32678
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, August 22, 2013
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  • Article
    Lock icon It’s a RRRout as rupee, rupiah, ringgit get hit
    992 1  -  Though it’s not a rerun of 1997-98, regional currencies may weaken further against US$ By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Plummeting Asian currencies especially the Indian rupee and the Indonesian rupiah have raised the spectre of contagion as international investors tend
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,108.99 (-19.76) HST INDEX FUTURES 3,105.00 (-16.00) HSIMSCI 353.38 (-2.68) HSIMSCI FUTURES 352.10 (-2.50) US$ S$ US$ (S$ per US$) 1.278 (US$/S$ per 1.567 2.003 EURO (US$/S$/€ 1.340 1.713 Foreign currency per US$ S$ YEN 97.30 76.10 RM 3.292 2.575 HK$ 7.755 6.066 BAHT 31.78 24.86 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,744.85 -0.57 NIKKEI 225 13,424.33 +27.95 HANG SENG 21,817.73 -152.56 SET INDEX 1,355.14 -15.72 JAKARTA COMP 4,218.45 +43.47 MANILA COMP Closed SEOUL COMP 1,867.46 -20.39 SHENZHEN B 813.86 -3.28 MUMBAI IND 17,905.91 -340.13 11.30am EDT Change DOW 14,940.86 -62.13 NASDAQ 3,609.49 -4.10
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.416 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article
    Lock icon S’pore forges EZ-Link with Guangdong
    568 1  -  Common smart card to enable transport and purchases in both places soon By NISHA RAMCHANDANI nishar@sph.com.sg ANNABETH LEOW leowhma@sph.com.sg [SINGAPORE] Anyone travelling between Singapore and Guangdong can soon use the same card to pay for transport and make purchases in both places. The world’s first
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      118 1 EMERGING ENTERPRISE Making medicine accessible page 10 NATIONAL DAY RALLY The politics of integrity, not of empty promises PAGE 23 BONDS Global markets on knife edge PAGE 2 PROPERTY Bin Tong Park GCB may set new benchmark PAGE 4 THE BUSINESS OF TIME Watch out for the 2013 BT Watch
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      302 2 Rupee, rupiah, ringgit get hit PLUMMETING Asian currencies especially the rupee and the rupiah have raised the spectre of contagion as international investors tend to paint the region with the same brush. FRONT PAGE S’pore forges EZ-Link with Guangdong ANYONE travelling between Singapore and Guangdong can soon use
      302 words
    • Article
      Lock icon Liew recused himself over Jewel
      321 2  -  CAG chairman played no role when partner was picked By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Changi Airport Group (CAG) decided to explore a partnership with CapitaMalls Asia (CMA) for Project Jewel after considering bids from six local and international real estate firms in a competitive process,
      321 words
    • Article
      Lock icon QE magic seen waning for global bond markets
      859 2  -  Yields up as bond managers reckon the bull run’s over By NEIL BEHRMANN in London GLOBAL bond markets are on a knife-edge. The common view is that bond yields have risen because of expectations that the Fed will “taper” and bring US$85
      859 words
    • Article
      Lock icon Small car COE premium closes in on big cars
      387 4  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The small car COE premium climbed in yesterday’s bidding exercise for certificates of entitlement, while the big car COE premium slipped, bringing the former to barely $400 less than the latter. Category A, for cars below
      387 words
    • Article, Illustration
      Lock icon No end in sight for the Indian rupee’s free fall
      737 4  -  It can hit 70 to a US$ under scenario of pessimism, says Deutsche Bank By NEETA LAL New Delhi THE Indian rupee continued to plumb new depths touching a record low of 64.52 against the US dollar yesterday amid plunging
      AFP FILE PHOTO  -  737 words
    • Article, Illustration
      Lock icon OSIM founder’s GCB may set new psf record
      625 4  -  Bin Tong Park home put on market at $117m, or $2,500 psf By FELDA CHAY feldac@sph.com.sg [SINGAPORE] OSIM founder Ron Sim is looking to sell his Bin Tong Park home for $117 million and, if successful, he could set a new record
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    • Article
      Lock icon Fresh leak deepens Fukushima crisis
      704 4  -  By ANTHONY ROWLEY in Tokyo THE ongoing nuclear power crisis at Fukushima escalated dramatically yesterday as Japan’s Nuclear Regulation Authority (NRA) said it was planning to upgrade the severity of a radioactive water leakage at the wrecked plant from a low-level “anomaly” to a “serious
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      114 2 il RESTAURANT BAR UNVEILING PARADISE GROUP MOST GLAMOUROUS DINING CONCEPT LE MODERN CHINESE RESTAURANT OVER 200 LABELS OF WINE f? S'J -5%. T:/'» m ■E LTC VOGUISH ORIENTAL DINING EXPERIENCE m TRADITIONAL DIM SUM W Ta ■o ia -uOPENING SPECIAL 30% off dining bill TERMS CONDITIONS Valid only at Restaurant
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      58 3 Wf L V mm nr 1 A sm. r-t CA 0 fl 773 t JS 35 > .> •55 N A. v m ft 4fli ■^Kl r> »«=S© 1 > fW th m CO-AXIAL EXHIBITION A TALE OF PERFECTION 24 th August 1 st September 2013 10:30am 8:00pm Paragon Shopping
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      77 4 iJ Bamass z 5 9 100% HONG KONG I L O' t'flSfRa A «#A« 0 faxsatss FQ*Jf RISKS +^fiE»SSI ISO 9001:2008 asvm ISO *****:2005 mast *s$±«i*«as mmij *M/tlW***** ,ft ./I A it *S aH S fg A According to Nielsen Hong Kong Mooncake Research Report 1998-2012 qqq2 2166 J5J[ www.frosts.com.sg/meixin
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      255 5 rvois Chatsworth Road Bishopsgate Grange Road Tanglin Road mill,. aKm I rniM Vy Sinm m HI a a rs 1 mt -p m err Tf m as M re r> -“t -V (Pwft 1 -rH 3 II La. a-ot, £dW/. Mon Jervois is nestled in Singapore's prestigious Embassy Row of
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  • COMPANY NEWS
    • Article
      Lock icon Parkson Q4 net plunges 62.1% to $3.4m
      383 6  -  Concessionaire sales main contributor to department store operator’s growth By MINDY TAN tanmindy@sph.com.sg PARKSON Retail Asia’s net profit for the fourth quarter ended June fell 62.1 per cent to $3.4 million, even as its revenue inched up 0.6 per cent to $102.9 million.
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    • Article
      Lock icon Tuan Sing unit receives writ of summons
      228 6  -  By MINDY TAN tanmindy@sph.com.sg TSH Australia Holdings, a wholly owned subsidiary of Tuan Sing Holdings, has received a writ of summons by Kara Investments, a unit of Morgan Stanley, and GSS III Rutgers BV. The writ of summons is claiming for an order
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    • Article, Illustration
      Lock icon Citibank offers new test of portfolio strength
      421 6  -  Tool measures risks of events such as subprime crisis, Sars By JASMINE NG jasng@sph.com.sg USING past macroeconomic crises as test cases, Citibank is now able to quantify the impact that similar future events may have on one’s asset portfolios. The bank has come
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    • Article, Illustration
      Lock icon CapitaLand could do strata sales at Westgate Tower
      828 7  -  HOCK LOCK SIEW By KALPANA RASHIWALA kalpana@sph.com.sg CAPITALAND announced earlier this month that it will retain its corporate headquarters at Capital Tower in the CBD. This was a reversal of its announcement a year ago that it will be moving to Westgate
      FILE PHOTO  -  828 words
    • Article, Illustration
      Lock icon RAM rates DBS on global, Asean scale
      375 7 Ratings incorporate the group’s sturdy credit fundamentals Reuters [KUALA LUMPUR] Malaysia RAM Ratings has assigned global- and Asean-scale financial institution ratings of gAA1/Stable/gP1 and seaAAA/Stable/seaP1, respectively, to Singa-pore-based DBS Bank Limited. DBS Bank is the first foreign bank to be rated by RAM
      Reuters; FILE PHOTO  -  375 words
    • Article
      Lock icon Aviation, construction to gain from airport plans
      572 9  -  Warehousing, logistics sectors to benefit from port relocation to Tuas By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Airlines, avia-tion-related operators and construction firms, as well as real estate investment trusts (Reits) with assets in Paya Lebar, stand to benefit the most from plans to expand
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    • Article
      Lock icon PEC’s Q4, full-year earnings up; boost from core divisions
      285 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg PEC Ltd yesterday posted an 11 per cent increase in net profit attributable to equity-holders to $5.06 million for the fourth quarter ended June 30, 2013, from $4.55 million a year ago. PEC, which provides project and
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    • Article
      Lock icon Neo Group expands into Indonesia
      276 9  -  By MINDY TAN tanmindy@sph.com.sg NEO Group Ltd has made its maiden overseas expansion since its listing last year, inking a five-year licence agreement with PT Umi Sushi Indonesia to launch three sushi retail outlets in Jakarta. The first one, which opened in the Kota Kasablanka
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    • Article, Illustration
      Lock icon Albedo’s planned RTO excites market
      266 9  -  By VEN SREENIVASAN ven@sph.com.sg CATALIST-LISTED steel and raw materials trader Albedo was in the spotlight yesterday. Its stock rose 1.4 cents, or almost 61 per cent, to end trading at 3.7 cents on the back of its announcement of a potential reverse takeover (RTO) deal,
      Source: Bloomberg  -  266 words
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      305 6 A STAR ALLIANCE MEMBER f> THE BEST TIME TO FLY FIRST CLASS FARES from *2,283 Hong Kong *4,103 Tokyo *6,143 Frankfurt London Milan Munich Paris Rome BUSINESS CLASS FARES from *803 *1, Bangkok Hong Kong *1,583 Beijing Chennai Delhi Dubai •Shanghai *2,233 Fukuoka Nagoya Osaka Tokyo Sapporo *3,663 Brussels Copenhagen
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      283 7 Citigold A Turn risks into potential opportunities. Introducing Portfolio Risk Evaluator. The first tool of its kind that simulates the resilience and performance of your unit trust portfolio through significant economic events. Understanding the risks lets you invest with greater confidence. At Citigold, our expertise brings you closer to your
      283 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI suffers fifth consecutive loss
      578 8  -  Index drops a further 19.8 points on tapering fears before the release of US FOMC minutes STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent Turnover in the local stock market yesterday amounted to a poor 3.6 billion units worth $1.2 billion, of which 1.3 billion units or
      Source: Bloomberg  -  578 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Aug 21 VALUE CLOSE BT OB/OS -579.00 +124.00 BT CADI -*****.00 -7.00 BT 10-day MA -*****.00 -58.00 FTSE ST Mid Cap 738.90 +2.37 FTSE ST Small Cap 542.32 -0.02 FTSE ST All Share 761.00 -3.26 FTSE ST China Top 194.36 +0.17 FTSE ST China 226.52 +0.64 FTSE
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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 5 6 3 0 0 0 5 6 3 Manufacturing 49 45 45 5 9 9 54 54 54 Commerce 17 20 20 9 2 4 26 22 24 Tpt/Stor/Comms 12 20 8
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      868 8  -  Compiled by ANDREA SOH Consumer Sector OCBC Investment Research, Aug 21 ACCORDING to Bloomberg, consum-er-related companies under the FTSE Straits Times Consumer Services Index (FSTCS Index) reported lower-than-expected top-line figures for Q2 CY2013 (below estimates by 6.6 per cent). Fortunately, a favourable cost environment during the quarter helped
      Source: Bloomberg  -  868 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,541 23,541 59,795 59,795 Manufacturing 279,539 623,425 902,964 138,782 9,100 147,882 Commerce 134,058 1,376,648 1,510,706 103,208 45,877 149,085 Tpt/Stor/Comms 104,400 20,852 125,252 128,419 8,442 136,861 Finance 189,521 2,973 192,494 193,897 1,176 195,073 Construction 80,772 57,633
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Change CapMallsAsia 1.925 -0.020 CapitaLand 3.110 -0.040 CapitaMall 1.925 -0.010 CityDev 10.20 -0.200 ComfortDelGro 1.825 -0.060 DBS Grp 16.30 -0.190 GLP 2.720 +0.060 Genting SP 1.350 -0.020 Golden Agri 0.515 -0.005 HK Land 6.810 +0.050 HPH Trust US$ 0.740 +0.010 JMH 54.18 +0.780
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    • Article, Illustration
      Lock icon US$ rises against yen before Fed minutes
      524 8 CURRENCIES Bloomberg [EDINBURGH] The US dollar yesterday rose against the yen and the euro as investors awaited the release of minutes from the Federal Reserve’s July meeting for signals on when policymakers will curtail monetary stimulus. The US currency rallied for a third
      Bloomberg; PHOTO: BLOOMBERG  -  524 words
    • Article
      Lock icon RISES
      105 8 BY CENTS CLOSE UP DBXT MSEurope 10US$ 5337 612.4 9.9 JMH 5418 99.7 1.5 SPDRS S&P 500 10US$ ***** 57.5 0.3 JSH 3250 32.0 0.8 DBXT MSINDO 10us$ 1260 21.7 1.4 GLD 10US$ ***** 20.5 0.1 Jardine C&C 3694 20.0 0.5 STXPO 100 281 11.0 4.1 SATS 316 9.0
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    • Article
      Lock icon FALLS
      133 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -677.6 -4.1 DBXT MSKorea 10US$ 5412 -166.2 -2.3 DBXT MSTaiwan 10US$ 1798 -117.6 -4.9 DBXT FTChina25 10US$ 2751 -112.5 -3.1 DBXT iBoxxIDR 10US$ 1021 -69.0 -5.0 Lyxor MS India 10US$ 1145 -58.8 -3.9 DBXT MSAsExJp 10US$ 3098 -47.3 -1.2 DBXT Nifty
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Albedo 1,309,623,000 Cedar 575,881,000 Innopac 166,038,000 Albedo W*****9 148,610,000 Mirach Energy 67,518,000 Thai Beverage 50,178,000 Golden Agri 49,038,000 UPP 42,643,000 WE Hldgs 40,987,000 GSH Corp 38,900,000 VALUE($) DBS Grp 71,992,920 SingTel 50,357,020 OCBC Bk 44,543,090 Albedo 41,057,637 UOB 39,013,730 Keppel Corp 38,497,900 GLP 36,390,580 JMH 32,859,865
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      79 9 NEW ZEALAND BUSINESS EVENTS businessevents.newzealand.com IOOS>o PURE NEW ZEALAND •JCI» > in V V From skydiving to golf, sailing to wine sampling, New Zealand offers it all and delivers each amazing experience within stunning landscapes. World-class conference facilities, effortless logistics and award winning accommodation are all delivered with signature Kiwi-style
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  • SINGAPORE NEWS
    • Article
      Lock icon Luxury homes market still bogged down
      751 10  -  Cooling measures continue to affect investor sentiment in second quarter By MINDY TAN tanmindy@sph.com.sg THE luxury homes market continues to be under pressure on both the rental and price fronts, with capital values in Singapore likely to correct further in the second half of
      751 words
    • Article
      Lock icon Housing still biggest bugbear for US firms
      716 10  -  It’s followed by low-cost labour, office lease: poll By MALMINDERJIT SINGH msingh@sph.com.sg HOUSING costs remain the topmost concern among American businesses in Singapore, along with manpower and the price of office space. Expatriates working in these firms also find getting their children into
      716 words
    • Article
      Lock icon Evonik opens lab here for animalfeed testing
      325 10  -  By RONNIE LIM ronnie@sph.com.sg GERMANY’S Evonik Industries, now building an ani-mal-feed nutrients plant on Jurong Island, has opened a supporting Singapore laboratory its first animalfeed analytical centre in South-east Asia. At the opening of the facility yesterday, the German specialty chemicals maker said
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    • Article, Illustration
      Lock icon Making medicine accessible
      966 10  -  Mobile Workforce Solutions aims to help lower medical costs and improve doctors’ reach with a customisable telemedicine machine By LIVIA YAP WHILE technological advancements have improved public health tremendously, increased medical costs have rendered these services inaccessible to some. Rather than resent technology for the climbing prices,
      PHOTO: ARTHUR LEE  -  966 words
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      60 10 TheULTIMATE Tech Lifestyle Show NEW! Book Now *Limited Booths Available! For more information, Call 6747 4620 or Email: sales@exhibitsinc.com.sg EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITIONS)
      60 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Malaysia’s Q2 GDP up 4.3%, below forecast
      651 11 Current account surplus takes a sharp fall, fuels fears of market turmoil hitting the country Reuters [KUALA LUMPUR] Malaysia’s economy accelerated slightly in April-June as a pick-up in domestic activity after the May election offset weak exports. But the growth was below expectations
      Reuters  -  651 words
    • Article
      Lock icon More keen to invest in Malaysian mining industry
      583 11 Gold, iron ore, coal and copper among minerals involved [KUALA LUMPUR] Many foreign and local mining investors have expressed confidence and deep interest to invest further in Malaysia’s lucrative mineral sector such as gold, iron ore, coal and copper in the near
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    • Article
      Lock icon Maybank Q2 profit up 9%
      150 11 Reuters [KUALA LUMPUR] Malayan Banking Bhd (Maybank), Malaysia’s biggest bank by assets, yesterday reported a 9 per cent rise in quarterly net profit, helped by higher interest income and the sale of financial assets. Net profit totalled RM1.57 billion (S$608.6 million) in its April-June second
      Reuters  -  150 words
    • Article
      Lock icon Indonesia marketing sukuk: source
      255 11 Reuters [HONG KONG] Indonesia is meeting investors in London and the Middle East ahead of a possible sukuk, or Islamic bond, issue as it grapples with a weakening currency, dwindling foreign currency reserves and a gaping current account deficit. The country set the timetable for the
      Reuters  -  255 words
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      454 11 One click makes everything click. Be ready for tomorrow with Traders Smart Stay. From airport transfers and breakfasts, to dining and laundry credits, pre-book it at tradershotels.com for peace of mind. You will also receive free Wi-Fi and the best rate, guaranteed. So why not customise every detail of your
      454 words
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  • GREATER CHINA
    • Article
      Lock icon China on track to hit 7.5% growth this year: survey
      535 12 Central bank will widen the yuan’s trading band before year end: poll Bloomberg [SEOUL] China will achieve the government’s 7.5 per cent growth target this year as the world’s second-big-gest economy stabilises after a two-quarter slowdown, a Bloomberg News survey
      Bloomberg  -  535 words
    • Article, Illustration
      Lock icon Everbright Securities suspends proprietary trading head
      405 12 Bloomberg [BEIJING] Everbright Securities Co suspended its head of proprietary trading after an error sparked the wildest Chinese stock swings in four years and prompted a regulatory probe. The stock slumped to a six-week low. Yang Jianbo, who oversees trading of Everbright’s own money
      Bloomberg; PHOTO: AP  -  405 words
    • Article
      Lock icon Bitcoin investors are spawning virtual IPOs
      528 12 China now second biggest downloader of virtual money Bloomberg [HONG KONG] The Bitcoin craze is catching on in China. Sun Minjie is a 28-year-old Internet worker who lives in Beijing. Eager to profit from growing demand for the digital currency, Mr Sun has invested
      Bloomberg  -  528 words
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      107 12 A 5% ■9- S y' Looking for retail space to expand your business? You’re looking at the right ad s Pi i 1 F m m /u With over 5,000 listings in prime locations, it’s easy to find what you’re searching for. Discover Top 10 Popular Projects every week 13
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Import curbs fuelling India’s scrap gold stock
      474 13 Recycled supply could surge to 300 tonnes this year Re uters [MUMBAI] Scrap gold supply in India could race to at least 300 tonnes topping flows seen in recent years two major industry bodies said, as government moves to curb bullion imports lead
      Reuters; PHOTO: AFP FILE PHOTO  -  474 words
    • Article
      Lock icon China’s demand for zinc set to rise for rest of year
      414 13 Reuters [HONG KONG] China’s refined zinc consumption is set to rise for the rest of 2013, buoyed by Beijing’s plan to boost rail investment as well as seasonal demand, aiding embattled domestic producers and keeping zinc imports at strong
      Reuters  -  414 words
    • Article
      Lock icon Delhi to tax TVs brought in by individuals
      758 13 Customs duty of 36% from Monday aimed at helping to buoy rupee AP [NEW DELHI] Indians returning from abroad bring nearly 3,000 flat-screen television sets into the country a day, turning airport luggage belts into revolving electronics displays. A stiff new customs
      AP  -  758 words
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      157 13 ‘J EP ‘A > i. t o '’VvV ass k Mei* 1 SF. 'ffOji-AtohcW V &pi6nAffU*' AT GOODWOOD PARK HOTEL ttUOR fUOB fUOB i VISA -p R v I MILES 0726 31b3 11b88B 888 os/n JAMES LEE UOB CARDS Exclusive for UOB Cardmembers: 23-25 August 2013 9am 9pm at the
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  • ECONOMY WATCH
    • Article
      Lock icon Major US retailers pare annual forecasts, citing sluggish sales
      532 14 Consumers spending mainly on essentials, reflecting rich-poor gap NYT [NEW YORK] A lot of Americans are still spending their money only on socks and other essentials, highlighting the disparity between younger and poorer consumers and those who are benefiting from the
      NYT  -  532 words
    • Article
      Lock icon S Korean exports soar 15.6%, short-term debt lowest since 2006
      345 14 Reuters [SEOUL] South Korea’s exports surged 15.6 per cent annually in the first 20 days of August, while short-term external debt fell to a 61/2 year low, data released yesterday showed, helping to explain how its economy has avoided the
      Reuters  -  345 words
    • Article
      Lock icon Bumper grape crop lures jobless Spanish to vineyards
      252 14 AFP [TEJINA, Spain] Spain’s Canary Islands have begun an expected bumper wine grape harvest for 2013, luring some workers from the unemployment queues to the vineyard. Vineyards in the Atlantic archipelago off Africa are the first to be harvested in Spain, and
      AFP  -  252 words
    • Article, Illustration
      Lock icon BOJ governor stands firm behind sales tax increase
      378 14 Mr Kuroda’s stance is part of steps to reduce debt burden Bloomb erg [TOKYO] Bank of Japan (BOJ) Governor Haruhiko Kuroda has reaffirmed his support for a sales tax increase in an interview published five days before gov-ernment-named panels start meeting to
      Bloomberg; PHOTO: BLOOMBERG  -  378 words
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      26 14 THE BUSINESS OF TIME Watch out for the 2013 BT Watch Supplement 50 pages of the latest in luxury timepieces. Get a copy with BT tomorrow.
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      567 14 Doing Business, The New Normal ARE U IN? A market upheaval is in progress and it is already challenging the way we traditionally do business. This breed of entrepreneurs called ‘technopreneurs’ are fast changing the business landscape, from crowd-funding to how they ‘disrupt’ the market and expeditiously grow their companies.
      567 words
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  • WORLD
    • Article
      Lock icon ADB warns economies against neglecting manufacturing
      705 15  -  Balanced growth will not come from leapfrogging to services from agriculture By Tokyo ANTHONY ROWLEY In Tokyo MANY Asian economies lag in manufacturing capability, the Asian Development Bank (ADB) said yesterday in a report which warns that countries trying to leapfrog from agriculture to
      705 words
    • Article
      Lock icon Risky financial crisis derivatives return in new form
      294 15 AFP [NEW YORK] Collateralised debt obligations, the complex financial instruments that cratered disastrously in the financial crisis, are back. The market for the instruments, which were based on sub-prime mortgages, shrank from US$520 billion in 2006 to just US$4.3 billion in 2009
      AFP  -  294 words
    • Article, Illustration
      Lock icon US equity options markets hit by Goldman Sachs error
      464 15 Exchanges may have to adjust prices or nullify trades Reuters [CHICAGO] A flood of erroneous trades hit US equity options markets on Tuesday as they opened for business when Goldman Sachs Group sent orders accidentally because of a technical error, the
      Reuters; PHOTO: REUTERS  -  464 words
    • Article, Illustration
      Lock icon Manning gets 35-year sentence
      381 18 NYT FORT MEADE, MARYLAND] A military judge yesterday sentenced US soldier Bradley Manning to 35 years in prison for providing more than 700,000 government files to WikiLeaks, a gigantic leak that lifted the veil on military and diplomatic activities around the world. The judge, Army Col
      NYT; PHOTO: AP  -  381 words
    • Article, Illustration
      Lock icon Sales of previously owned homes rise more than forecast
      450 18 More buyers enter market before further increases in mortgage rates LATEST US DATA Bloomberg [WASHINGTON] Sales of previously owned US homes climbed more than forecast last month to the fastest pace since November 2009 as more buyers entered the market before
      Bloomberg; PHOTO: REUTERS  -  450 words
    • Article
      Lock icon Lloyds sells German life insurer Heidelberger Leben for 300m euros
      473 18 Reu ters [LONDON] British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for around 300 million euros (S$513.3 million), raising hopes that the staterescued bank is moving closer
      Reuters  -  473 words
    • Article
      Lock icon Mubarak could be freed today
      384 18 Reu ters [CAIRO] Deposed Egyptian leader Hosni Mubarak will leave jail as early as today after a court ruling that jolted a divided nation already in turmoil seven weeks after the army toppled Islamist president Mohamed Mursi. Convening yesterday at the Cairo jail where Mubarak
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      Lock icon Emerging market govts move to retain investors
      777 19 Turkey raises key interest rate; RBI to buy government bonds NYT [NEW YORK] Lawmakers and central bankers in India, Indonesia, Turkey and several emerging market economies are scrambling to contain the damage from falling currencies and to keep foreign investors from heading for
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      Lock icon Thailand seeking ways to sell rice stocks
      389 19 Reuters [BANGKOK] The Thai government is desperately seeking other channels to sell its record high rice stocks after unsuccessful export tenders in recent weeks, a senior official said yesterday. Prices remain under pressure due to over-sup-ply concerns, with major rice exporting countries about
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      Lock icon JPMorgan ensnared in probes, litigation
      620 19 It anticipates an additional US$6.8b in future legal costs WP [WASHINGTON] A pillar of Wall Street, JPMorgan Chase was once upheld as the strongest big bank to emerge from the financial crisis. The bank faced its share of lawsuits and investigations but nothing on the
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    • Article
      Lock icon No tax hikes nor spending cuts for Egypt: minister
      651 20 Cairo to tap US$12b Gulf-state pledges to boost economy via new investments Reuters [CAIRO] Egypt plans to avoid raising taxes or cutting spending but instead use billions of dollars in aid pledged by Gulf Arab states to spur the economy through
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      Lock icon BMW grappling with supply chain breakdown
      864 20 Uncertainty in spare parts delivery are delaying repairs Bloomberg [MUNICH] Bayerische Mot oren W er k e AG world’s biggest maker of t h e world’s biggest maker of luxury cars, is struggling to deliver spare parts on time because of a new sup-ply-management
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      234 15 Visit www.fb.com/comexITshow THE BIGGEST I.T, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE 5 8 SEPT (THURSDAY TO SUNDAY) SINGAPORE EXPO HALLS 5 6 12 NOON 9 PM DAILY FREE ADMISSION S$20,000 CASH in online Lucky Draw (FOR EVERY S$100 spent, you get 1 chance to win) Here ‘s how you can
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      137 15 SsangYong Commercial Vehicles O N/^-Pe S W' e A e r' d\e s a0 de< eQ oo*' SU <*> ,o t e9' sXe?0d e \,e# 5 Ja1 rt sp ort5 sc roa*' be O'j'' b'C' e d\sc Ss ao9 \be« ot tV\e to >iev i 2 I ■•*3 -V THE
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      267 16 / 17 The art of true brilliance, for infinite enjoyment. •V 'W m I 'J < .1. wkm g’zrm SsTjs.^ feJGP £3 vil Also available in 65” and 55”. »> IRUJl Proofs Samsung UHD TV Ultra High Definition 4K Future Technology, Ready Today Ultra high definition 4 times greater than Full HD,
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      454 18 -i NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SANHUA AUTOMOTIVE COMPONENTS SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO.*****1473R NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT
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      531 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF FEDERAL PAINT FACTORY (SINGAPORE) LIMITED (Company No: *****0192E) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above-named Company duly convened and held at 3 Coleman Street #04-30, Peninsula Shopping
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      47 18 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY SHOWING THE WAY PM Lee spells out the Government's plan for a better future for the country J and its citizens i Shah Rukh Khan on his surrogate baby GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      38 18 B0ATING View life from the captain’s chair... f Inc m u A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@blumcmedia.com www.asia-pacificboating.com
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      388 19 CARREFOUR SOUTH EAST ASIA PTE LTD COMPANY REGISTRATION NO. *****3278G (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT ONE RAFFLES QUAY #18-01, NORTH TOWER, SINGAPORE *****3 ON THE 16TH DAY
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      386 19 [£AT3 NOTICES CARREFOUR SINGAPORE PTE LTD COMPANY REGISTRATION NO. *****3962D (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT ONE RAFFLES QUAY #18-01, NORTH TOWER, SINGAPORE *****3 ON THE 16TH DAY
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      592 19 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Total Amount Offered Minimum Denomination MAS 1 Intended Tender Amount 2 Issue Code ISIN Code Issue Date/Settlement Date Maturity Date 1 Coupon Rate Yield and Price Coupon Payment Dates 1 First
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      54 20 GREAT MUSIC. GREAT FUN. TRUE CLASS. N WI SINGAPORE’S FASTEST GROWING MORNING SHCW VJ rv/ FM klSS92 All the great songs m one place f f w r r r j r f in IN THE MORNING WEEKDAYS 6-10AM facebook.com/kiss92fm www.kiss92.sg Download the KISS92 mobile app now! KISS92 is part
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      335 21 THE STRAITS TIMES WHEREVER YOU ARE 'Aria Sir-rijs [TITiTfH h yiijaf 1 jjiJlib ii» 'j'Js&sfs Sjsj mT\ U ;irMk ritkie i 4 J e rr i L Si* WE&C5SWC G-,* ASj-S r STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select
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  • EDITORIAL & OPINION
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      Lock icon Keeping the core principles in sight
      453 22 EDITORIAL THE National Day Rally speech delivered on Sunday by Prime Minister Lee Hsien Loong provided a mixture of immediate and long-term solutions to socio-economic concerns in Singapore. Some of the more pressing issues the speech dealt with housing, healthcare and education, specifically were
      453 words
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      Lock icon Xi banks on his ‘Chinese Dream’ to take China places
      788 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN office for less than a year, China’s new leader Xi Jinping appears poised to join the pantheon of Communist Party
      788 words
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      Lock icon All good things must come to an end?
      1136 22  -  The fate of financial markets has been sealed the moment US Fed chief uttered ‘tapering’ ANTHONY ROWLEY Tokyo Correspondent FROM the moment that US Federal Reserve chairman Ben Bernanke mouthed the dreaded term “tapering” several months ago the fate of equity, bond
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      Lock icon The politics of integrity, not of empty promises
      1098 23  -  Prime Minister Lee’s National Day Rally speech last Sunday marked a high point in his political career By DERWIN PEREIRA The writer heads Pereira International, a Singapore-based political consulting firm. IT WOULD not be an exaggeration to say that Prime Minister Lee
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      Lock icon The crude but clear duality of debt
      827 23  -  REUTERS BREAKINGVIEWS By EDWARD HADAS I HAVE a dream: a world without debt, and with much more equity. It’s not just that summer holidays are a good time for fantasising. The fifth anniversary of Lehman Brothers’ bankruptcy is coming, and regulators have recently
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  • AVIATION/SHIPPING
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      Lock icon MAS sticks to revenue growth path despite yield drop
      602 24  -  CEO stresses that enhancing revenue is crucial to turning the carrier around By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS) has maintained that its pursuit of revenue growth is yielding the desired results, even as its passenger yields continue to
      PHOTO: AP  -  602 words
    • Article
      Lock icon Nasa adds more space launch platforms for sale
      548 24 Reuters [CAPE CANAVERAL, Florida] While Nasa considers competing bids to take over a shuttle launch pad at Kennedy Space Center, it added three mobile launch platforms to its list of excess equipment available to private industry, officials said on Tuesday. Ideally, Nasa
      Reuters  -  548 words
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      Lock icon Latam Airlines posts Q2 loss of US$329.8m
      269 24 Reuters [SANTIAGO] Latin America’s largest carrier, Latam Airlines Group, has reported a net loss of US$329.8 million for the second quarter, stung by a weaker Brazilian currency and higher costs. The loss for the three months to June was wider than analyst expectations
      Reuters  -  269 words
    • Article
      Lock icon Nigeria navy parades four captured pirates
      402 24 Reuters [LAGOS] The Nigerian sailors had started marching four captured pirates onto a boat when an officer shouted “hold on” to give the cameras a chance to get into position. With a semi-circle of local reporters in dark orange life jackets snapping photos and
      Reuters  -  402 words
    • Article
      Lock icon TRANSPORT STOCKS
      248 24 SGX '000 Aug 21 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 293 Cosco Corp 0.70 0.01 1256 CWT Ltd Vol CH Offshore First Ship Lea 0.08 unch 739 Freight Links 0.13 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd 0.61 -0.01 988 K1Ventures
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      Lock icon Chinese ships to join US Navy in exercises
      429 24 Naval drills a sign of commitment to expand military ties AP [BEIJING] Three Chinese ships are sailing east to join rare naval drills with the United States as Beijing ramps up its military diplomacy amid regional territorial disputes and other tensions. The
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  • Page 24 Miscellaneous
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      345 24 CRYPTIC CROSSWORD Across 1 A treble quaking in Anglican church had finally sung (10) 6 Stagehand needs good saw (4) 9 Fatty stuff? It’s very good having cover to hide it (5) 10 Bird snare put back on top of roof? (9) 12 Paper full of stories, it seems? Don’t
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  • Article
    Lock icon SHIPPING TIMES
    1275 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      38 25 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 IAII H saiAii i ssarsiisna jh FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3226 26 Transaction date: Aug 21 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 AAT 15 12 8Telecom Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High 91.5
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      Lock icon SGX CATALIST
      297 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 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller C'vr P/E Smil +0.5
      297 words
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      Lock icon UNIT TRUST & FUNDS
      10894 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0.9944/ EIV Local Ccy Bond 0.915/ European Opportunities! 1 2482/ ■merging Markets
      10,894 words
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      Lock icon GLOBALQUOTE
      262 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 $mil 53 25 AVJennings A50 unch 73 53 50 50 52.5 3.6 7 4.1 185.1 52 31 Genting HK US$ US41.5 -1 ***** 42.5 41 41 41.5 2732.6
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      Lock icon SGX ETF
      941 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 $mil 126 107.1 ABF SG Bond ETF 113 -1 2 113 113 113 114 515.8 143 120.4 CIMB APAC Div 100S$D 133.5 128.8 129.7 114.4 99 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      592 28 Aug 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.99 *****.36 Sep13 *****.00 *****.00 *****.00 *****.00 *****1 *****5 Dec13 *****.00 *****.00 *****.00 *****.00 196 ***** MSCI TAIWAN INDEX FUTURES SPOT 277.52 278.56 275.58 Aug13 273.90 274.50 272.90 ***** *****4 Sep13 273.40 273.70
      592 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Aug 20 Index Change Change Change Change Change Change World Preliminary 1073.3 0.0 14.4 0.1 17.3 0.1 12.3 EAFE Preliminary 877.5 -1.1 13.3 -0.7 13.8 -0.7 9.0 Europe Preliminary 1260.4 -0.6 9.9
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    • Article
      Lock icon INTERBANK CROSS RATES
      472 28 Aug 21 US$ A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.940 5.517 0.672 6.985 57.408 97.422 0.877 10.069 2.965 1.140 93.188 39.433 1.152 9.189 0.827 26.973 28.627 0.575 0.901 Canada 1.064
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      Lock icon SIBOR
      51 28 Aug 21 (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$) 1 mth 1 mth 2 mths 0.***** 3 mths 9 mths 6 mths 12 mths Source: Thomson
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      Lock icon INTERBANK CURRENCY RATES
      156 28 Aug 21 Aug Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1515 1.1518 0.9007 0.9009 Canadian dollar 1.2252 1.2261 0.9590 0.9584 Euro 1.7125 1.7129 1.3396 1.3398 NZ dollar 1.0097 1.0104 0.7898 0.7903 Sterling pound 2.0025 2.0032 1.5664
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      Lock icon CHICAGO BOT
      110 28 Aug 20 Aug SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1309.25 1322.00 1326.75 1304.00 Nov 13 1290.50 1303.25 1309.75 1282.75 Jan 14 1291.75 1303.75 1310.00 1284.75 Mar 14 1271.00 1279.00 1282.50 1263.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep
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      Lock icon LIFFE
      95 28 Aug 20 COCOA (£/tonne) Close Prev High Low Sep 13 1654 1651 1666 1653 Dec 13 1660 1658 1673 1659 Mar 14 1642 1638 1653 1640 May 14 1640 1636 1650 1639 COFFEE(US$/tonne) Close Prev High Low Sep 13 1858 1879 1888 1857 Nov 13 1850 1876 1884 1847
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1113 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.1 0.0 5 -44 59 Asia-Pacific Strategic W*****6 Ratio Exer Price AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2 240 7 Asiatravel.com HoldingsW*****7 0.2 unch 1 1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Aug 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.96 -0.59 WTI (Near Mth) 105.16 -1.75 Dubai (1-Mth F) 105.41 -1.03 Tapis blend 116.26 -2.03 Minas 108.96 -2.03 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.56 -1.94 Jet Kerosene 123.99 -1.11 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      23 28 Aug 21 S$ S$ Bid Offer 1-month 1.2784 1.2785 2-months 1.2783 1.2786 3-months 1.2784 1.2786 6-months 1.2784 1.2789 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 Aug-20 Aug-20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1865.25 1865.75 3 months 1914.50 1915.00 Copper, Grade A(US$/tonne) Cash 7289.50 7275.00 3 months 7320.00 7306.00 Lead(US$/tonne) Cash 2241.50 2248.00 3 months 2247.50 2250.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon GOVERNMENT SECURITIES
      85 28 Aug 21 Aug TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.29 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.03 5-Year N*****0T 0.5 01-Apr-18
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    • Article
      Lock icon PRECIOUS METALS
      135 28 Aug 21 GOLD(US$/oz) Aug 21 Aug 20 Hong Kong 1374.00 1365.00 Aug 20 Aug 19 London 1373.32 1366.42 1374.12 1367.28 Source: Thomson Reuters CAST BAR Aug 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127 56 5gm 360 281 10gm 642 562
      135 words
    • Article
      Lock icon PALM OIL
      58 28 Aug 21 Aug KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2380.0 2393.0 2394.0 2376.0 1034 5075 Oct 13 2336.0 2351.0 2357.0 2329.0 7744 ***** Nov 13 2318.0 2335.0 2340.0 2311.0 ***** ***** Dec 13 2312.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Aug 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.181 1.125 Can dollar 1.250 1.202 Euro 1.752 1.669 Sterling pound 2.035 1.957 NZ dollar 1.038 0.999 US dollar 1.303 1.241 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 28 Aug 21 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
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  • PROPERTY
    • Article
      Lock icon NY property agents, brokers stripped of corporate titles
      819 29 The use of corporate honorifics without any actual corporate duties is against the law NYT [NEW YORK] Alex Dietrich, a property agent with Nest Seekers International, has recently found himself fielding an unwelcome question from some clients. “They ask, ‘Have you been
      NYT  -  819 words
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      Lock icon Canada housing market not overheating
      834 29 Mortgage agency limiting amount of guarantees on loans Bloomberg [TORONTO] The bond market is signalling that Canadian efforts to keep the nation’s housing market from overheating are working, with the mortgage agency selling its smallest quarterly benchmark issue since November 2011. Canada Mortgage Housing Corp
      Bloomberg; PHOTO: BLOOMBERG  -  834 words
    • Article
      Lock icon Househunt
      524 29 PROPERTY TRANSACTIONS BETWEEN JULY 24 AND JULY 30, 2013 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 4 NON-LANDED Corals At Keppel Bay Apt 26/07/2013 99 2777 8043 2896 Skyline Residences Apt 29/07/2013 FH 484 1075 2219 The
      524 words
    • Article
      Lock icon HDB coffeeshop up for sale with $10-12m tag
      261 29  -  Tampines property has 4,000 sq ft of ground floor space By JASMINE NG jasng@sph.com.sg A COFFEESHOP on Tampines Street 91 has been put up for sale, and is expected to fetch between $10 million and $12 million. According to marketing agent Jones
      261 words
    • Article, Illustration
      Lock icon Property bubbles inflating in US desert cities
      1065 30 Gains in Nevada, Arizona are the biggest since the height of the boom Bloomberg [BOSTON] A five-bedroom house in Las Vegas sold in mid-July for US$499,000, double the price it went for three months ago. In Phoenix, a similar house sold this month
      Bloomberg; PHOTO: REUTERS  -  1,065 words
    • Article, Illustration
      Lock icon China’s latest rooftop building: a temple
      397 30 AFP [BEIJING] The latest rooftop architectural wonder highlighted in China is a temple that brings worshippers closer to the heavens by being on top of a 21-storey apartment block. Surrounded by foliage, the temple has glazed golden tiles and traditional upturned eaves with carvings
      AFP; PHOTO: AFP  -  397 words
    • Article, Illustration
      Lock icon Indian Hotels urged to sell overseas assets
      1116 31 Investors want it to reduce huge debt, focus on business within India Bloomberg [MUMBAI] Investors in Indian Hotels Co, the unprofitable owner of New York’s Pierre hotel, say the company should sell part of its overseas business to trim its debt pile and
      Bloomberg; PHOTO: REUTERS  -  1,116 words
  • Page 29 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      285 30 (i Jones Lang LaSalle Real value in a changing world COFFEESHOP IN TAMPINES FOR SALE BY TENDER TAMPINES STREET 91 HDB shop with living quarters Leasehold 87 yrswef 1996 4,058 sf shop 786 sf living quarters •8+1 stalls; tenanted till July 2015 Approx 400m to future Tampines West MRT station
      285 words
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      Lock icon Page 30 Advertisements Column 2
      236 30 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS WITH MINIMAL RISKS. SB i. El wr- -jm -sas jU'-jgy. r TI I! rjrrfi INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation Singapore
      236 words
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      Lock icon Page 30 Advertisements Column 3
      73 30 HOT PROPERTY S r to CORN G ER landed School with private no 0 TS cental value r?n P 00d with tenant needs QOt,ate 3ivcof„r t *s e D2 «^w D ry wet wtchen rms g S dn°4034 D sf T ERR 3s( V roof ?o 4 ensulte. HOUSES IN
      73 words
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      196 31 Medical Suites for Lease •Minutes to Gleneagles and Mt Elizabeth hospitals,luxuryhotels and OrchardRoad •Multi-disciplinarymedicalcentrewithover100topmedicalandhealthcarespecialists •Locatedintheheartofexpatcommunityof TanglinandHollandareas •RadiologyLaboratories •PharmacyandDiagnosticLaboratory •ShuttlebustoOrchardMRT Medical Expertise. Privacy Location. F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808 Keith 6434 9832 Valerie 6434
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      Lock icon Page 31 Advertisements Column 2
      586 31 ■I m International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with Sales Leasing of the following types of assets 3 4 Star Hotels
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      Lock icon Page 32 Advertisements Column 1
      161 32 Ill 52 1 p 9 ccx: 3 Elegant, sporty design. Superior 2.0 TSI driving experience. Ergonomic driver control layout. Don’t miss the launch of the new CC R-Line. More style. More substance. More desirable than ever. The new CC R-Line now features a powerful 2.0 TSI engine with 210 bhp
      161 words