The Business Times, 29 August 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, August 29, 2013
    25 words
  • Article, Illustration
    Lock icon PM beefs up Cabinet to take on policy challenges
    779 1  -  Changes involve portfolios that will have key roles in renewed focus on social initiatives By JOYCE HOOI joyceh@sph.com.sg [XINJIANG, China] Even as the government pursues a strategic shift in its policies to meet future challenges, it is building up the political
    PHOTOS: BT FILE, LIANHE ZAOBAO  -  779 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,004.18 (-29.84) HST INDEX FUTURES 3,004.00 (-30.00) HSIMSCI 343.22 (-2.74) HSIMSCI FUTURES 342.90 (-1.90) US$ S$ US$ (S$ per US$) 1.282 (US$/S$ per 1.552 1.989 EURO (US$/S$/€ 1.338 1.715 Foreign currency per US$ S$ YEN 97.50 76.10 RM 3.333 2.601 HK$ 7.756 6.051 BAHT 32.26 25.17 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,686.17 -15.07 NIKKEI 225 13,338.46 -203.91 HANG SENG 21,524.65 -350.12 SET INDEX 1,275.76 -18.21 JAKARTA COMP 4,026.48 +58.63 MANILA COMP 5,738.06 -178.93 SEOUL COMP 1,884.52 -1.32 SHENZHEN B 802.64 -8.39 MUMBAI IND 17,996.15 +28.07 12noon EDT Change DOW 14,838.23 +62.10 NASDAQ 3,599.58 +21.06
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN BRITAIN JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon Overvaluation real reason for markets' rout
    779 1  -  By in NEIL BEHRMANN in London A POTENTIAL military strike against Syria’s Assad regime has been the catalyst for global market upheaval, but amber lights have been flashing for some time. Both developed and emerging equity markets reached heights in recent months that didn’t
    PHOTO: REUTERS  -  779 words
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      116 1 COMPANIES Bite-sized F&N bits easier to chew for Charoen PAGE 4 PROPERTY Prices of small private units recover in July PAGE 29 CORPORATE RESULTS ASL Marine posts 83.3% jump in Q4 profit PAGE 4 RETAIL The challenge of brand building in China PAGE 10 8 *****1 *****4 1 V* 60
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  • TOP STORIES
    • Article, Illustration
      Lock icon F&N: Weighing square feet and fluid ounces
      641 2  -  Demerger appears to be a ‘price discovery exercise’, says analyst By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Fraser and Neave’s (F&N) split-up will test whether the company’s diverse businesses had actually been weighed down by a conglomerate discount. “F&N’s planned demerger and listing of two
      Source: F&N  -  641 words
    • Article
      Lock icon Swiss banks coming clean to protect turf
      676 2  -  They address tax evasion issues amid rising competition from Singapore, HK By NEIL BEHRMANN in Geneva THE Swiss banking industry has decided on a “clean money strategy” to straddle demands from nations anxious to counter tax evasion with competition from Singapore, Hong Kong
      676 words
    • Article, Illustration
      Lock icon M’sian Budget in Oct could include GST to reduce debt
      519 2  -  By PAULINE NG By in Kuala Lumpur MALAYSIA could introduce a long-mooted goods and services tax (GST) by yearend to address a persistent fiscal deficit and investors’ concerns that structural reforms have stalled. The possibility was highlighted yesterday by The
      PHOTO: THE STAR  -  519 words
    • Article
      Lock icon Stricter rules soon for gencos to keep power on in a haze
      456 2  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Triggered by the worst-ever haze here in June, concerns that power supply could be disrupted by dust particles impacting power plants have led Singapore’s energy regulator, the Energy Market Authority (EMA), to propose
      456 words
    • Article, Illustration
      Lock icon Only high-cost options for West in Syria
      379 2  -  REUTERS BREAKINGVIEWS By UNA GALANI WESTERN powers readying to strike Syria must weigh the price of doing nothing against the likely negative impact from an intervention. The form of the military action will matter, but in this sectarian war, all options are fraught
      379 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      301 2 PM strengthens Cabinet A SERIES of Cabinet promotions was announced yesterday, including the promotion of Chan Chun Sing, Acting Minister for Social and Family Development, to full minister. FRONT PAGE Overvalued markets flash amber lights A POTENTIAL military strike against Syria has been the catalyst for global market
      301 words
    • Article
      Lock icon NetLink-OpenNet deal: IDA to consult public
      793 3  -  M1 is first off the mark to deride NetLink’s proposed OpenNet acquisition By kellytay@sph.com.sg KELLY TAY kellytay@sph.com.sg [SINGAPORE] The Infocomm Development Authority of Singapore (IDA) is considering whether NetLink Trust’s proposed acquisition of OpenNet would substantially lessen market competition or harm public interest. To
      793 words
    • Article
      Lock icon All Xtron decisions must be approved by directors: witness
      890 3  -  CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] City Harvest Church (CHC) members may have discussed matters involving Xtron Productions, a music production house that managed Sun Ho’s career, but the final decisions were always made by Xtron’s directors, the
      890 words
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      51 2 RETAIL SPACE (26,695 sq ft) for sale Grandlink Square Guillemard Road Rare large-scale freehold shop Established tenant/en-bloc potential Facing main road near traffic lights, bus stop Raya Lebar MRT interchange Upcoming/commercial hub/office/ hotel/education hub/medical centre Ideal for both owner occupation investment/medical suite/supermarket Agents are welcome 9123 3272 Research Technology Pte
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      156 3 XF XK UNLEASH THE TRUE ROWER WITHIN LIGHTWEIGHT ALL ALUMINIUM ARCHITECTURE JAGUAR.COM.SG a V V* J 4C(J $5,000 CEVS Rebate $5,000 Accessories Package Attractive Trade-In Prices The Jaguar XJ has always been the reigning ethos of limousine luxury and chic as well as superior performance and comfort. The lightweight aluminium
      156 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Bite-sized F&N bits easier to chew for Charoen
      598 4  -  Shareholders also have choice of investing in separate business segments By KENNETH LIM kenlim@sph.com.sg A SLICED-UP Fraser and Neave (F&N) will make it easier for Thai tycoon Charoen Sirivadhanabhakdi’s empire to divvy up the spoils from the recent takeover of the conglomerate,
      PHOTO: BLOOMBERG  -  598 words
    • Article, Illustration
      Lock icon Two more projects in Liaoning for Sembcorp
      393 4  -  Group extending its China wastewater treatment business By JACQUELYN CHEOK jaccheok@sph.com.sg SEMBCORP Industries yesterday announced the extension of its wastewater treatment business in China’s Liaoning province to two new sites. Sembcorp, via its wholly owned subsidiary Sembcorp China, signed agreements for two new
      393 words
    • Article
      Lock icon ASL Marine posts 83.3% jump in Q4 earnings
      331 4  -  By MALMINDERJIT SINGH msingh@sph.com.sg ASL Marine Holdings reported an 83.3 per cent jump in net profit to $15.2 million for the fourth quarter ended June, from $8.3 million a year ago. This was on the back of a 27.8 per cent rise
      331 words
    • Article
      Lock icon Intraco, Tat Hong JV to focus on Myanmar crane, excavator market
      313 4  -  By GRACE LEONG gleong@sph.com.sg TRADING company Intraco has joined forces with Tat Hong Holdings and a Myanmar businessman to set up a joint venture company to enter the crane rental and excavator distribution business in Myanmar. Called Tat Hong
      313 words
    • Article
      Lock icon Metech posts Q4 profit of $844,000
      235 4  -  By VIVIEN SHIAO vshiao@sph.com.sg METECH International, a company that deals with electronic waste recycling, has reported a net profit of $844,000 for the fourth quarter ended June 30, 2013, against a net loss of $14.7 million in the same quarter last year. The earnings
      235 words
    • Article, Illustration
      Lock icon Stronger greenback helps firms with US$ receipts
      992 5  -  Benefits likely to go to sectors such as shipping, offshore marine, technology By leemx@sph.com.sg LEE MEIXIAN |eemx@sph.com.sg THE US dollar is expected to stay strong for the near term, creating both winners and losers among Singapore companies. The muscular greenback will broadly benefit
      PHOTO: BLOOMBERG; PHOTO: AFP  -  992 words
    • Article
      Lock icon Sin Heng earnings jump 47.4% to $13.76m
      376 7 It plans final dividend of 0.45 cent, continues to expand in new markets CRANE supplier Sin Heng Heavy Machinery’s FY 2013 net profit attributable to equity-holders rose 47.4 per cent to $13.76 million on the back of what it described as a “broad-based
      376 words
    • Article
      Lock icon Singapura Finance net down 21%
      264 7 SINGAPURA Finance saw a 21.2 per cent drop in net profit for its fiscal full-year to $5.3 million, from $6.7 million last year, mainly due to the continual compression of interest margins, an impairment loss on investments and a net allowance for loan losses made
      264 words
    • COMPANY NEWS
      • Article
        Lock icon First Reit gets $92m TLF from OCBC
        84 7 FIRST Real Estate Investment Trust (Reit) has secured a $92 million fixed-rate transferable term loan facility (TLF) from OCBC Bank through its trustee, HSBC Institutional Trust Services (Singapore) Ltd. Of the sum in the four-year loan facility, $50 million will be used to
        84 words
      • Article
        Lock icon Lum Chang- Ryobi Kiso arbitration
        137 7 LUM Chang Holdings and Ryobi Kiso are headed for the arbitration courts over their claim and counterclaim against each other over works done for the construction of the mass rapid transit station at Bukit Panjang and the tunnel works at Downtown Line 2 at Woodlands/Upper
        137 words
      • Article
        Lock icon Memstar profit dips to 56.9m yuan
        69 7 WATER treatment membrane specialist Memstar’s profit attributable to shareholders dipped 5.9 per cent to 56.9 million yuan (S$11.9 million) from 60.5 million yuan for the year ended June 30. Including minority interests, net profit rose 4 per cent to 65.7 million yuan from 63.3
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      • Article
        Lock icon Utd Envirotech wins 90m yuan China deal
        64 7 UNITED Envirotech has clinched a 90 million yuan (S$18.7 million) engineering procurement and construction (EPC) project to upgrade a 100,000 cubic metres per day industrial wastewater treatment plant in Nantong city in China’s Jiangsu province. The plant serves industries in the Nantong Economic
        64 words
    • Article
      Lock icon Higher revenue lifts Dukang Q4 profit
      366 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg DUKANG Distillers Holdings, a China-based producer of baijiu (white liquor), yesterday posted a fourthquarter net profit of 79.2 million yuan (S$16.6 million), 3.2 times last year’s 24.7 million yuan. This comes on the back of a 37.4 per cent rise
      366 words
    • Article
      Lock icon Olam gets US$120m IFC loan for Nigerian, Indian projects
      299 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg OLAM International said yesterday that it has signed a five-year US$120 million loan agreement with IFC, a member of the World Bank Group, to finance upgrades and expansion of five food-processing facilities in Nigeria and India. Separately,
      299 words
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      90 4 You’ve shared with us what gorgeous means to you, Now, it’s time to show us who’s gorgeous because our annual SO Gorgeous People is back. AND WE WANT TO HEAR FROM YOU Sign yourself up or nominate someone at femalemag.com.sg/gorgeouspeople2013. You can also snap and upload a picture of yourself
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      233 5 'sty? /sts. rvois Chatsworth Road Bishopsgate Grange Road Tanglin Road m !W £&si Lk T V m m m ss rTi m m m i HR y *3* !J £tW, Mon Jervois is nestled in Singapore's prestigious Embassy Row of the Chatsworth-Bishopsgate-Tanglin enclave. Time just seems to stand still in
      233 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI sinks further on Syria tensions
      581 6  -  With money flowing into safe havens such as gold, the US dollar and Japanese yen, the index slides 29.84 pts to 3,004.18 STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THERE was little chance of the Straits Times Index avoiding a 10th straight loss yesterday, once
      Source: Bloomberg  -  581 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 4 0 0 0 3 7 4 Manufacturing 30 71 40 8 9 9 38 80 49 Commerce 12 38 14 4 6 3 16 44 17 Tpt/Stor/Comms 6 29 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,244 23,244 76,892 76,892 Manufacturing 368,081 123,590 491,671 222,326 3,717 226,042 Commerce 126,761 300,394 427,155 107,595 16,508 124,103 Tpt/Stor/Comms 129,568 19,082 148,650 141,735 8,117 149,852 Finance 71,187 2,802 73,989 226,766 1,110 227,876 Construction 793,650 71,211
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 6 Stock name Close Change CapMallsAsia 1.795 -0.010 CapitaLand 2.930 -0.070 CapitaMall 1.855 -0.015 CityDev 9.760 -0.220 ComfortDelGro 1.780 -0.020 DBS Grp 15.85 -0.150 GLP 2.650 -0.070 Genting SP 1.305 -0.030 Golden Agri 0.550 -0.010 HK Land 6.190 -0.180 HPH Trust US$ 0.725 -0.005 JMH 52.00 -0.250
      117 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Aug 28 VALUE CLOSE BT OB/OS -1205.00 -186.00 BT CADI -*****.00 -232.00 BT 10-day MA -*****.00 -121.00 FTSE ST Mid Cap 729.41 -4.99 FTSE ST Small Cap 521.57 -4.85 FTSE ST All Share 737.86 -6.90 FTSE ST China Top 185.12 -2.15 FTSE ST China 216.47 -2.80 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME IPCO Intl 698,884,000 Albedo 247,889,000 Mirach Energy 227,286,000 Thai Beverage 120,140,000 YHM 63,051,000 MDR 60,651,000 Golden Agri 59,569,000 Innopac 46,820,000 Transcu Grp 43,190,000 FreightLinks 42,616,000 VALUE($) Mirach Energy 115,323,315 DBS Grp 77,686,830 SingTel 72,129,750 CapitaLand 68,427,920 UOB 66,978,570 OCBC Bk 52,403,040 Thai Beverage 51,846,855 Genting SP
      57 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      913 6  -  Compiled by KENNETH LIM GoodpackAug 28 close: S$1.58 OCBC Investment Research, Aug 28 GOODPACK’S FY13 results came in within expectations. Although revenue grew by a smaller 7.7 per cent y-o-y to US$190.9 million (versus 11.7 per cent y-o-y in FY12) following a slowdown in the rubber demand, PATMI
      Source: Bloomberg  -  913 words
    • Article, Illustration
      Lock icon Dollar rebounds, seen as safest haven as Syria attack looms
      535 6 CURRENCIES Reuters [LONDON] The dollar bounced back from a two-week low against the yen and climbed versus the Swiss franc yesterday as traders took the view that it is the safest option given the risk of Western military action in
      Reuters; PHOTO: AFP  -  535 words
    • Article
      Lock icon RISES
      108 6 BY CENTS CLOSE UP GLD 10US$ ***** 214.0 1.2 DBXT S&P Short 10US$ 2975 33.3 0.9 Great Eastern 1669 32.0 2.0 F&N 572 23.0 4.2 IS Asia BND 100US 987 10.3 0.8 SinoGrandnes 114.5 9.5 9.0 Hour Glass 164.5 8.0 5.1 Ossia Intl 27.5 7.5 37.5 Wing Tai 210
      108 words
    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 7735 -665.0 -6.3 IS S&P500 ***** -458.7 -2.1 SPDRS S&P 500 10US$ ***** -335.7 -1.6 DBXT FTVietnam 10US$ 2165 -117.9 -4.1 DBXT MSTHAI 10US$ 1788 -92.3 -3.9 DBXT MSMSIA 10US$ 1325 -58.9 -3.4 DairyFarm 1053 -44.9 -3.2 Jardine C&C 3310 -44.0 -1.3
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      444 7 Up to 3.38% p.a. on your AUD Time Deposit. With Citigold, you have the confidence of making informed choices and seizing the right opportunities to achieve your financial aspirations. Tenure AUD USD NZD CNH 3-month (p.a.) 3.38% 0.80% 3.00% 2.85% CNH refers to Offshore Renminbi. Start your Citigold relationship today
      444 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New PRs ‘likely to eye private homes under $1m’
      751 8  -  But such buyers unlikely to raise demand by much: property watchers By FELDA CHAY feldac@sph.com.sg PRIVATE homes costing under $1 million may now draw keener interest among Singapore permanent residents (PRs) who have held their residency status for less than three
      751 words
    • Article, Illustration
      Lock icon BCA starts tour to help more offices go green
      327 8  -  By JASMINE NG jasng@sph.com.sg THE adoption of green practices by offices is gaining traction, as more businesses are implementing envi-ronment-friendly measures in the workplace. The number of green offices under the Green Mark for Office Interiors scheme has increased from four
      327 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon ABSD boosts tax revenue of IRAS
        169 8 STAMP duties made up a greater proportion of the total tax revenue collected by the Inland Revenue Authority of Singapore (IRAS) in its latest financial year, as a result of the introduction of the additional buyer’s stamp duty (ABSD) in December 2011 and a
        169 words
      • Article
        Lock icon Enrichment players to set up China presence
        86 8 EIGHT Singapore enrichment players are establishing their first overseas presence in China, in Shenyang. They are: Climb Asia, Cristofori Music, Dancepointe, Genius R Us, Golf Pro Academy, LEAP SchoolHouse, Mind Stretcher Education and WOW! Learning Studio. The group will set up a one-stop
        86 words
    • Article, Illustration
      Lock icon PM: Bright prospects for Xinjiang-S’pore ties
      453 9  -  Xinjiang Party Secretary lauds Singapore’s role in international relations By JOYCE HOOI in Xinjiang, China joyceh@sph.com.sg THE prospects for cooperation between Xinjiang and Singapore are good, Prime Minister Lee Hsien Loong told Xinjiang Party Secretary Zhang Chunxian yesterday. “We have every reason to be
      PHOTO: DENNIS THONG/ LIANHE ZAOBAO  -  453 words
    • Article, Illustration
      Lock icon Room to grow insurance’s share of healthcare spending
      516 9  -  By GENEVIEVE CUA gen@sph.com.sg SINGAPORE boasts one of the highest penetration rates of health insurance at 76 per cent, but insurance’s share of per capita expenditure on health care is relatively modest at 8 per cent. Out-of-pocket expenses make up as much
      48%.FILE PHOTO  -  516 words
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      39 9 Find the nearest car workshop or towing service with our one-stop motoring directory. Log on to www.STCars.sg dl ,v t 9E f] STCars.SG STCarsSG I Google play B f| AppStore A product of SPH, Singapore’s Trusted Media Group STCars.s
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      158 9 1 st Time in Singapore i iDre/nlimv co /iao by Land Houses Renowned Developer in Thailand Hoi Deal! Four Seasons I lotel, Windows East (20 dl FI.) (Sat& Sun)August 31 sl September 1 st 2013 11.00 am 7.00 pm Prices Start From m SGD 466 250 L. Prime Location ft
      158 words
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  • RETAIL IN CHINA
    • Article, Illustration
      Lock icon The challenge of brand building in China
      1093 10  -  It’s vital to understand its shoppers’ complex cultural make-up. ByKAN KAN KWOK LEONG CHINESE consumers are emerging as a prized catch for global brands, but snaring them will prove elusive for many. Foreign brands wanting to enter China’s retail market to take a
      PHOTO: BLOOMBERG  -  1,093 words
    • Article
      Lock icon Golden rules of brand-building in China
      220 10 Tom Doctoroff, the chief executive officer of JWT Asia-Pacific, cites three traits of the Chinese consumer that brands wishing to succeed in China must understand. Some of these appear contradictory. N Project: Chinese consumers need to show off their status and place on the
      220 words
    • Article, Illustration
      Lock icon A virtual consumption boom
      655 10  -  By KAN KWOK LEONG THE growth of online shopping in China has far outpaced the broader economy, as e-com-merce retailers gain the trust of the country’s consumers. The growth of e-commerce in China is expected to pick up pace in the coming years as more online
      PHOTO: BLOOMBERG  -  655 words
    • Article, Illustration
      Lock icon Betting on urbanisation
      776 11  -  Consumer spending can help offset a slowdown in the long term. BY KAN KWOK LEONG DESPITE the recent slowdown in China’s economic expansion as the government restructures its economy, government reform that unleashes the potential of urbanisation can help fuel domestic consumption over the next decade. The
      PHOTO: YEN MENG JIIN  -  776 words
    • Article
      Lock icon Bringing the world to China
      405 11  -  KAN KWOK LEONG CHINESE companies are keen to buy global brands in order to introduce new offerings to consumers in the home market rather than as a platform to expand overseas. Recent mergers and acquisition (M&A) deals involving Chinese companies include the purchase of global
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      163 11 In the future, 2013 will be remembered as the year of the renminbi. In the Chinese calendar, 2013 is the year of the snake. For businesses around the world it is set to be the year of the renminbi. If you're already doing business with China, or considering it in
      163 words
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      1945 12 BT ADVERTORIAL Giving your brand an edge in China To compete in China’s increasingly competitive retail market, international brands looking to enter China’s consumer market must be prepared to deal with a challenging environment; one that features a lack of nationwide distribution network, complex regulations, and unique consumer behaviour. Where
      1,945 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Johor to review property ownership policy for foreigners
      401 13 Price hike not due to rise in number of buyers from Singapore, it says [NUSAJAYA] The Johor government is looking to review the policy on foreign ownership of real estate to keep the escalating property prices in the state under control, said
      401 words
    • Article, Illustration
      Lock icon As rupiah sinks, is party over for Indonesia?
      606 13 Re uters [JAKARTA] From a tumbling currency to a crippling current account shortfall, slowing economic growth, high inflation and retreating investors, Indonesia’s stature as emerg-ing-market superstar is under siege. The immediate prospects look forbidding. Measures imposed by the government and central bank
      Reuters; PHOTO: REUTERS  -  606 words
    • Article
      Lock icon Malaysia embarks on illegal foreign worker crackdown
      400 13 AFP [KUALA LUMPUR] Malaysia will launch what local media on Wednesday called its “biggest ever” crackdown on an estimated half a million illegal foreign workers, as a crime wave focused the nation’s attention on security. Under the three-month operation to begin on Sunday,
      AFP  -  400 words
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      120 13 24:7 AND NUYOU TIME PRESENT A f ISSUE SIX 13/14 A ANNIVERSARIES BLUE CHARITABLE DECORATIVE EVOLVING FLAMBOYANT GMT HERITAGE E JAPANESE KALEIDOSCOPIC LOUD MUSICAL NUANCED ORIGINAL PEDIGREED QUIET 3 SPORTY TOUGH UNIQUE VINTAGE WHIMSICAL XENOMORPHIC YOUNG ZEN HOROLOGICAL TRENDS, BRANDS, FACES PLACES DEFINED mm I' 5 nUYOl B e !>
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      234 13 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$100 spent, you get 1 chance to win) Here ‘s how you can
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  • GREATER CHINA/INDIA
    • Article
      Lock icon PetroChina execs caught in anti-graft net
      647 14 They lose their posts amid government probe; share price in biggest 2-year fall Bloomberg [BEIJING] China widened its anti-cor-ruption campaign to include the nation’s most valuable company, as PetroChina said that four senior managers had been removed amid an investigation by the authorities. The
      Bloomberg  -  647 words
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      Lock icon Rupee slumps to new low as foreign investors flee
      577 14 Indian currency now at 68.75 to the US$; down 19% this year Reuters [MUMBAI] The Indian rupee slumped to a record low below 68 per US dollar and shares tumbled yesterday on growing worries that foreign investors will continue to sell
      Reuters; PHOTO: AFP  -  577 words
    • Article
      Lock icon India can afford US$19b food plan: govt
      537 14 AFP [NEW DELHI] Indian Finance Minister P Chidambaram insisted on Tuesday the government could afford a vast new food programme for the poor, despite growing concern about public finances which drove the rupee to a new lifetime low. The currency, which has been
      AFP  -  537 words
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      2029 14 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Let’s Restore The Environment! (Incorporated in the Republic of Singapore) Company Reg. No. *****2709E NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of the Company will be held at 3 Tuas Avenue 2, Singapore *****3
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      189 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ECS GRAPHIC INDUSTRIES PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Company Registration No. *****9809K) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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      24 15 The City Fulham Reach Sloane Square 13 minutes Knightsbridge 11 minutes Westminster 19 minutes Bank 32 minutes South Kensington 8 minutes Heathrow 30 minutes
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Korean won gains as funds pile in
      837 16 Investors point to Korea’s large current account surplus, strong growth WP [NEW YORK] Traders whipsawed by depreciating asset values from India to Brazil are plowing funds into South Korea, taking advantage of a current account surplus twice the size of China’s and turning
      WP; PHOTO: BLOOMBERG  -  837 words
    • Article
      Lock icon Greece seen taking eurozone funds a 3rd time
      579 16 AFP [ATHENS] Stuck in its debt crisis but confident of progress made after two major bailouts, reces-sion-mired Greece is unsure of what an inevitable third package will look like. Since the beginning of the debt crisis in 2010, Greece has struck two
      AFP  -  579 words
  • Page 16 Advertisements
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      72 16 Knowing your legal rights makes all the difference in your investment Buying property can be a stressful and complicated process. STProperty understands that and tries to keep it as simple straightforward as possible. For more information on legal matters, visit www.stproperty.sg/Legal f STProperty.SG STPropertySG A product of SPH, Singapore’s trusted
      72 words
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      1147 17 KATS NOTICES (Incorporated in Japan with Limited Liability) Consolidated Balance Sheet As at March 31, 2013 Millions of Yen 2013 2012 Assets: Cash and Due from Banks 3,146,709 1,444,264 Call Loans and Bills Bought 329,228 349,880 Receivables under Resale Agreements 91,911 55,275 Receivables under Securities Borrowing Transactions 207,494 18,616 Monetary
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      Lock icon Page 17 Advertisements Column 2
      1100 17 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I The Norinchukin Bank I (A bank organised in Japan) Consolidated Balance Sheets As of
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      Lock icon Page 17 Advertisements Column 3
      111 17 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Companies for the Firewall Hardware and relevant Accessories. Eligibility: Tenderers must be qualified by Accounting and Corporate Regulatory Authority Singapore (ACRA). Collection of Tender Specification:Tender Description
      111 words
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  • WORLD
    • Article, Illustration
      Lock icon Recent Fukushima water leak now deemed ‘serious incident’
      585 18  -  Upgrade in severity level follows plan to tap foreign expertise on fallout control By ANTHONY ROWLEY in Tokyo JAPAN’S Nuclear Regulation Authority (NRA) yesterday resolved formally to raise the severity assessment of a recent water leak incident at the crippled Fukushima Daiichi
      PHOTO: REUTERS  -  585 words
    • Article
      Lock icon NYT and Twitter websites hit in cyber attacks
      542 18 Group backing the Syrian regime claims responsibility AFP [NEW YORK] The New York Times and Twitter have been hit with cyber attacks, with credit quickly claimed by a group backing embattled Syrian strongman Bashar al-Assad. The Times site remained out of service
      AFP  -  542 words
    • Article
      Lock icon Big private equity clean-up after mega-LBO boom
      531 18 Reu ters [NEW YORK] According to Blackstone Group LP’s books, the private equity firm’s investment in Hilton Worldwide Inc was worth 50 per cent more this year than when it took the international hotel chain private in 2007. While that might not seem
      Reuters  -  531 words
    • Article
      Lock icon Las Vegas Sands to pay US$47.4m to end federal probe
      345 18 Bloomberg [SAN FRANCISCO] Las Vegas Sands Corp, operator of the Venetian-Palazzo hotel complex in the largest US gambling market, will pay US$47.4 million to end a federal probe of its failure to report a high-stakes patron’s suspicious deposits. In a
      Bloomberg  -  345 words
    • Article
      Lock icon Fonterra milk scare a false alarm: New Zealand officials
      395 18 AFP [WELLINGTON] A botulism scare that sparked global recalls of Fonterra milk products was a false alarm and there was never any danger to consumers, New Zealand officials said yesterday after new tests. The crisis led to infant formula being taken
      AFP  -  395 words
    • Article, Illustration
      Lock icon Conservatives outline A$31b budget savings
      686 19 But they deny any plan for social spending cuts as charged by PM Rudd Reuters [CANBERRA] Australia’s conservative opposition, favoured in next month’s election, yesterday outlined A$31 billion (S$35.7 billion) in savings and promised to breathe new life into the economy by abolishing environment taxes
      Reuters; PHOTO: BLOOMBERG  -  686 words
    • Article
      Lock icon Interim cabinet approves stimulus plan for Egypt
      272 19 Reuters [CAIRO] Egypt’s cabinet yesterday approved an additional 22.3 billion Egyptian pounds (S$4.1 billion) in spending on investment projects to boost the economy over the coming 10 months, Deputy Prime Minister Ziad Bahaa el-Din said. He said the government would present its economic
      Reuters  -  272 words
    • Article
      Lock icon BOE ready with stimulus if recovery falters
      686 19 Market expectations for higher rates may undermine recovery Bloomberg [LONDON] Bank of England governor Mark Carney said that officials are ready to add stimulus if investor expectations for higher interest rates rise too far and undermine the recovery. “The upward move in market
      Bloomberg  -  686 words
    • Article
      Lock icon Apple planning first Tokyo store opening since 2005
      604 19 Bloomberg [TOKYO] Apple plans to open a store in Tokyo’s upscale Omotesando shopping district as early as March, according to a person familiar with the plans. Construction is scheduled to be completed by February, the person said, asking not to be identified
      Bloomberg  -  604 words
  • Page 18 Advertisements
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      272 18 KATHY LIEN Trading Currencies Can Be Easy... With The Right Mentor At Your Side. Take advantage of this rare opportunity to learn from Kathy Lien, one of the best known traders in the currency market. She will share with you EVERYTHING that she believes is important to know about the
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      54 18 HOT PROPERTY I Srrs rn w /P° o1 view near $5.Ik. S Gardens' MIOsf. F/furaSsKneg™ L CAVENDISH PK Wirr 13l3sf 3+1 h ia h P reno quiet. facmties 9 MRT Saak 0 APARTMENTS FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! WATS
      54 words
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      1415 19 Wc WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices i REFLECT GEOPHYSICAL PTE LTD (IN LIQUIDATION) LIEN *****6060Z Rofloct Sale of Assets Onboard 30 Seismic Vessel in Singapore The Liquidator of Reflect Geophysical Pte Ltd (In Liquidation) (the “Company”) offers additional Company equipment for sale which is located on board
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  • EDITORIAL & OPINION
    • Article
      Lock icon Economy’s fine but ‘uncertainties remain’
      471 20 EDITORIAL AFTER a long season of gloom and doom, the economic news of late out of the United States and Europe seem finally to have turned decidedly positive. Americans are now moderately more upbeat about business and job and earning prospects, according to The Conference
      471 words
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      Lock icon Remember Iraq? The US needs to leave Syria alone
      831 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IN the early 20th Century, at the end of what would later come to be known as the First World War, several unsavoury autocratic regimes were declared dead. The German Kaiser, who was accused
      831 words
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      Lock icon Central bankers should listen to what analysts say
      936 20  -  Shift from excessive liquidity to a more normal equilibrium could be anything but smooth ANTHONY ROWLEY Tokyo Correspondent THE term “tapering” seems to be on the lips of just about everyone connected with finance these days, whether they are central bankers, economists
      PHOTO: REUTERS  -  936 words
    • Article, Illustration
      Lock icon Shale oil boom belies supply position
      1217 21  -  How the conflicts in the Middle East develop will determine their impact on prices and future production G PANICKER The writer was formerly with BT’s foreign desk. THE North American shale oil boom has led to euphoric supply forecasts. United States oil production at
      PHOTO: AFP  -  1,217 words
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      Lock icon Plunge in Indian currency, stocks due to govt failure to make hard choices
      882 21  - Plunge in Indian currency stocks due to govt failure to make hard choices YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT WHILE the Indian markets and currency have fallen in line with other emerging markets after US Federal Reserve hinted that it would ease its
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  • AVIATION/SHIPPING
    • Article
      Lock icon India’s shipbreaking sector in troubled waters
      475 22  -  The industry has been hit by the rupee’s dramatic slide By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The Indian shipbreaking industry the world’s largest is in deep trouble as the rupee’s dramatic slide continues. Some yards are at the brink of closure or bankruptcy, in an
      475 words
    • Article, Illustration
      Lock icon Emirates may issue sukuk to raise US$4.5b
      684 22 Bloomberg [DUBAI] Emirates, the world’s biggest airline by international passenger traffic, is considering the sale of Islamic bonds as it seeks to raise US$4.5 billion in the financial year starting April 2014 to pay for planes. The Dubai-based carrier will need an average
      Bloomberg  -  684 words
    • Article
      Lock icon UK tells Ryanair to slash Aer Lingus stake
      507 22 Reuters [DUBLIN] Britain’s competition watchdog ordered Ryanair to sell most of its stake in Irish rival Aer Lingus, a potentially fatal blow to chief executive Michael O’Leary’s dream of buying the former flag carrier. Mr O’Leary immediately vowed to appeal against the
      Reuters  -  507 words
    • Article
      Lock icon Frontline urges scrapping of tankers aged over 15 amid glut
      220 22 Bloomberg [LONDON] Frontline, the oil-tanker company led by billionaire John Fredriksen, has urged shipowners to scrap crude carriers that are more than 15 years old to help reduce an excess of the vessels. Unless the market improves, Frontline is unlikely
      Bloomberg  -  220 words
    • Article
      Lock icon Recovery hopes propel d’Amico‘s vessel buying spree
      530 22 Reuters [MILAN] Shipping company d’Amico Societa’ di Navigazione has placed orders for dry cargo ships totalling US$290 million, a senior official says, as it sees ship building prices near a bottom and expects a recovery in freight demand. One of the world’s leading
      Reuters  -  530 words
    • Article
      Lock icon TRANSPORT STOCKS
      236 22 SGX '000 Aug 28 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.26 unch 191 Cosco Corp 0.68 unch 1919 Vol First Ship Lea 0.08 unch 74 Freight Links 0.12 -0.01 ***** Grand Banks 0.30 unch 15 Jaya Hold Ltd 0.60 -0.01 437 K1Ventures unch Keppel Corp 10.23
      236 words
  • Page 22 Advertisements
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      49 22 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY CURRY UNITES North, South, East or West. Every region in India has something flavourful WHAT SINGAPORE-BASED ECONOMISTS AND BUSINESSMEN WANT FROM INDIA’S NEW RESERVE BANK GOVERNOR GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      49 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      392 22 CRYPTIC CROSSWORD Across 1 Drink? Bobby goes to work after a litre (7) 5 Stalemate that is restricting politician, twerp (7) 9 Like the modern computerised office with bare walls? (9) 10 Cook employed by bistro, a star (5) 11 World of learning made to look silly, wonderful on the
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  • Article
    Lock icon SHIPPING TIMES
    1266 23 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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  • Page 23 Advertisements
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      36 23 PLACE YOUR AD HERE .THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 BUSIIM HI IVI r 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
      3092 24 Transaction date: Aug 28 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 188 106 AIMSAMPIReit 15 11.9 8Telecom 19.8 16 AP Oil Low Company
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    • Article
      Lock icon SGX CATALIST
      246 25 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 2.4 1.3 t Advanced System 1.4 unch 1779 1.4 1.3 1.3 1.4 22.3 Last Quote Div Gr Yld Net M Cap High
      246 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11096 25 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 Asian Local Ccy SD Bond ....0.9945/ EM local Ccy Bond .0 9072/
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    • Article
      Lock icon GLOBALQUOTE
      258 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 27 AVJennings A53 +2.5 26 53.5 53 50.5 54.5 3.6 6.6 4.3 196.2 52 31 Genting HK US$ US40 -1 7039 41 39 39.5 40 2633.8
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    • Article
      Lock icon SGX ETF
      897 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 143 120.4 CIMB APAC Div 100S$D 129.1 127.5 128.4 114.4 99 CIMB APAC Div 100US$ US104.5 100 100.8 11 1510 1192 CIMBASEAN40 100S$D 1237 +1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      597 26 Aug 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.03 *****.57 *****.14 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec13 *****.00 *****.00 *****.00 *****.00 1567 ***** MSCI TAIWAN INDEX FUTURES SPOT 274.58 276.71 273.52 Aug13 275.90 276.70 272.20 276.00 *****6 *****0 Sep13 275.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 27 Index Change Change Change Change Change Change World Preliminary 1066.4 -1.1 13.7 -0.7 16.9 -1.0 11.3 EAFE Preliminary 874.2 -1.2 12.9 -0.7 13.6 -1.0 8.1 Europe Preliminary 1249.9 -1.7 8.9
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    • Article
      Lock icon INTERBANK CROSS RATES
      472 26 Aug 28 Aug A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.938 5.465 0.667 6.924 60.678 97.722 0.870 9.966 2.976 1.150 92.718 39.946 1.144 9.301 0.820 26.794 28.803 0.575 0.893 Canada 1.066
      472 words
    • Article
      Lock icon SIBOR
      49 26 Aug 28 (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$) 1 mth 1 mth 2 mths 0.***** 9 mths 12 mths 9 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 26 Aug 28 Aug TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 5-Year N*****0T 0.5 01-Apr-18
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    • Article
      Lock icon PRECIOUS METALS
      140 26 Aug 28 PRECIOUS METALS GOLD(US$/oz) Aug 27 Aug 28 Hong Kong 1413.00 1433.00 Aug 26 Aug 27 London 1398.40 1417.39 1399.15 1418.61 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Aug 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131 58 5gm
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    • Article
      Lock icon PALM OIL
      58 26 Aug 28 Aug KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2460.0 2489.0 2489.0 2443.0 730 2528 Oct 13 2463.0 2490.0 2492.0 2447.0 7507 ***** Nov 13 2455.0 2481.0 2485.0 2441.0 ***** ***** Dec 13 2452.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 26 Aug 28 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1438 1.1448 0.8926 0.8931 Canadian dollar 1.2192 1.2203 0.9520 0.9515 Euro 1.7143 1.7152 1.3378 1.3381 NZ dollar 0.9944 0.9954 0.7760 0.7766 Sterling pound 1.9880 1.9891 1.5514
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    • Article
      Lock icon CHICAGO BOT
      109 26 Aug 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1414.00 1427.75 1449.00 1412.00 Nov 13 1370.50 1389.50 1409.50 1368.00 Jan 14 1365.50 1387.00 1406.00 1362.75 Mar 14 1335.75 1353.00 1371.50 1331.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • Article
      Lock icon LIFFE
      95 26 Aug 27 COCOA (£/tonne) Close Prev High Low Sep 13 1629 1636 1639 1628 Dec 13 1628 1636 1641 1625 Mar 14 1612 1619 1623 1607 May 14 1612 1619 1622 1607 COFFEE(US$/tonne) Close Prev High Low Sep 13 1751 1741 1766 1740 Nov 13 1772 1772 1787 1764
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1120 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 0.0 5 -42 59 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Disc Ascendas Reit MB ECW*****3 Gear- Mths Asiatravel.com HoldingsW*****7 0.2 1 25 11 Asiatravel.com
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Aug 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.12 3.10 WTI (Near Mth) 108.97 2.84 Dubai (1-Mth F) 107.33 0.23 Tapis blend 118.82 0.59 Minas 110.72 0.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.11 -0.56 Jet Kerosene 124.75 0.19 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Aug 28 S$ Bid Offer 1-month 1.2814 1.2818 2-months 1.2813 1.2818 3-months 1.2813 1.2817 6-months 1.2810 1.2814 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 26 Aug-27 Aug-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1837.50 1846.60 3 months 1886.50 1893.00 Copper, Grade A(US$/tonne) Cash 7287.00 7333.00 3 months 7315.00 7360.00 Lead(US$/tonne) Cash 2213.75 2197.25 3 months 2224.00 2212.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Aug 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.177 1.121 Can dollar 1.246 1.199 Euro 1.758 1.675 Sterling pound 2.033 1.955 NZ dollar 1.022 0.983 US dollar 1.311 1.249 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 26 Aug 28 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 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
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  • PROPERTY
    • Article
      Lock icon German realtors have worst CEO pay policy, says report
      812 27 UK firms rank at the top as compensation is tied to share price performance Bloomberg [BERLIN] German landlords have some of the worst pay policies for chief executive officers among European real estate companies when it comes to ensuring the best
      Bloomberg  -  812 words
    • Article, Illustration
      Lock icon Hotel site at Lavender up for sale
      244 27  -  By JASMINE NG jasng@sph.com.sg A FREEHOLD hotel development site at Lavender has been put up for sale with a guide price of about $28 million to $30 million. The “regularly shaped” plot has an area of about 3,516 square feet and an allowable
      PHOTO: CBRE  -  244 words
    • Article
      Lock icon Househunt
      470 27 PROPERTY TRANSACTIONS BETWEEN JULY 31 AND AUGUST 6, 2013 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 4 NON-LANDED Skyline Residences Apt 02/08/2013 FH 1346 2715 2018 District 5 LANDED Faber Park 4-Det 01/08/2013 FH 9013 ***** 1387
      470 words
    • Article
      Lock icon NY rezoning plan likened to extortion
      634 27 Office tower scheme won’t stand judicial scrutiny: City Club NYT [NEW YORK] Mayor Michael Bloomberg’s plan to encourage construction of large new office towers around Grand Central Terminal as a way of keeping East Midtown commercially competitive amounts to an illegal game of “zoning
      NYT  -  634 words
    • Article, Illustration
      Lock icon China skyscraper going prefab for rapid-build record
      856 28 It aims to overtake Saudi project whose foundation work is further along NYT [CHANGSHA, China] The 202-storey Sky City project is not the tallest building on the drawing boards around the world. That distinction belongs to the Kingdom Tower, a project in Jeddah,
      NYT; PHOTO: AFP  -  856 words
    • Article, Illustration
      Lock icon TDSR rule may be driving homebuyers to small units
      637 29  -  Market watchers feel the new measure is behind sector’s price recovery in July By KALPANA RASHIWALA kalpana@sph.com.sg PRICES of small completed private apartments and condos in Singapore recovered in July after slipping for two consecutive months, latest flash estimates from the
      Source: Institute of Real Estate Studies, NUS  -  637 words
  • Page 27 Advertisements
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      352 28 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. -J Ml -vs* 1 i I INCOME GENERATING ASSETS -Benefit from secure and regular income returns plus long-term asset appreciationCommercial Buildings in business district Bulk sale
      352 words
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      Lock icon Page 28 Advertisements Column 2
      610 28 D5 rare freehold land Pasir Panjang Road Regular Plot; GPR 1.4 LA 28,000 sg ft Ideal forapts/cluster hsg About 280m to MRT Near amenities 100% consent DerrickTan *****636 SO^AGENCY CEA Reg No. R*****8J SuzieMok *****032 CEA Reg No.R*****0l savills Science Park s Wa Kent Ridge Park HortPark ■f' NUS i
      610 words
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      Lock icon Page 28 Advertisements Column 3
      68 28 Prime Riverfront Shophouses *5# S!« Boat Quay Conservation Rare and finite supply 999 years leasehold Ideal for F&B establishments, boutique offices hotels/ hostels (subject to approvals) Near Raffles Place, Marina Bay Proximity to MRT stations Facing Singapore River with alfresco dining For further information, please contact: Sergina Ng 9023 2147
      68 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      482 29 www.joneslanglasalle.com.au/properties Secure one of Australia’s most prestigious beachside locations FOR SALE Lot 4131 Smiths Beach Road, Yallingup, Western Australia 40.5ha* of irreplaceable land zoned for “Tourism”, “Residential” and “Reserve for Recreation” with environmental approvals Exclusive and prestigious beachside location within world renowned Margaret River wine region Spectacular, uninterrupted panoramic views
      482 words
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      Lock icon Page 29 Advertisements Column 2
      235 29 CITY-FRINGE FREEHOLD DEVELOPMENT SITE Provisional Permission granted for 60-room hotel development 48 Horne Road Sale by Expression of Interest Site Area: 326.7 sq m Approx. 3,516 sq ft Freehold Plot Ratio 3.0 6 storey height approval Regularly-shaped plot with prominent corner frontage Prime city fringe location 250m to Lavender MRT
      235 words
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      Lock icon Page 29 Advertisements Column 3
      172 29 Good Class Bungalow for Sale by Tender East Sussex Lane Land Area approx 15,100 sq ft Built Up approx 11,500 sq ft 21/2storey, 6 ensuite rooms 27 meters lap pool 3 covered car porches Excellent design, Quality furnishings Tender Closing 16 September 2013, 3pm For enquiries, please contact: Agency Licence
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      104 30 r r MITSUBISHI ELECTRIC (Changes for the Better I A MITSUBISHI ELECTRIC INVERTER I vjAjs Excellent Energy EASIEST To Clean! teachable Inner Vent for Easy Clean UIETES > f I I II V m oil IT A I V V. 5 Air-Conditioner 9S? »v fitsubishi leclric Quality for a greener
      104 words