The Business Times, 17 October 2013

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Microfilm: NL32849
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, October 17, 2013
    25 words
  • Article
    Lock icon Senate deal struck to avert default
    529 1 Dow rises 1.3% at midday as US crisis nears end AP AFP [WASHINGTON] Senate Majority Leader Harry Reid said yesterday that a deal had been reached with Republican leaders to end a fiscal impasse that has threatened the United States with default. Mr Reid,
    AP; AFP  -  529 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,174.03 (+8.78) GST INDEX FUTURES 3,174.00 (+9.00) GSIMSCI 364.18 (+1.60) GSIMSCI FUTURES 363.70 (+0.40) US$ S$ US$ (S$ per US$) 1.243 (US$/S$ per 1.600 1.989 EURO (US$/S$/€ 1.352 1.681 Foreign currency per US$ S$ YEN 98.40 79.10 RM 3.177 2.555 HK$ 7.754 6.238 BAHT 31.26 25.15 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,791.37 +6.61 NIKKEI 225 14,467.14 +25.60 HANG SENG 23,228.33 -108.19 SET INDEX 1,464.38 -8.52 JAKARTA COMP 4,492.26 -27.65 MANILA COMP 6,483.57 +40.87 SEOUL COMP 2,034.61 -6.35 SHENZHEN B 854.15 -6.62 MUMBAI IND Closed 12noon EDT Change DOW 15,362.23 +194.22 NASDAQ 3,835.94 +41.93
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.539 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Uneven showing in Sept launches as developers jostle for buyers
    1142 1  -  By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Developers’ private home sales surged 65 per cent to 1,246 units in September from 756 units in August though the figure was slightly less than half the 2,621 units transacted in the primary market in
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      99 1 S’PORE NEWS Electronics companies paying debts faster PAGE 10 COMPANIES Want to go global? Size doesn’t matter PROPERTY Is freehold better than 99-year? PAGE 30 COMMENTARY The Fed’s surprise and Yellen’s challenge PAGE 21 PAGE 9 8 *****1 *****4 -5 www.vacherdrtre6nstantin.cbra www.thehour lounge.c ¥8A'-wA*s#k*.»» y i r 1 d fOvstSt
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  • TOP STORIES
    • Article, Illustration
      Lock icon SingTel fire: banks look for answers, not damages
      645 2  -  By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Even as SingTel launches an independent board committee of inquiry to look into last week’s fire, two banks DBS and OCBC will not be seeking compensation for the resulting service disruptions. According to OCBC’s head of group
      FILE PHOTO  -  645 words
    • Article
      Lock icon 3 brokerages incur small losses in trading scandal
      561 2  -  Risk controls implemented for designated stocks By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Major brokerages DBS Vickers Securities, OCBC Securities and Maybank Kim Eng said they suffered insignificant losses from a recent trading scandal because of risk controls that were in place. Speculation
      561 words
    • Article, Illustration
      Lock icon Markets seen trading up with debt crisis averted
      555 2  -  By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] Talks on raising the US debt ceiling were expected to drag on for another week but no further, said UBS Wealth Management regional chief investment officer Kelvin Tay at a press briefing yesterday. Markets were likely to
      555 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      548 2 Senate deal struck to avert US default SENATE leaders have agreed to a bipartisan plan to avert a threatened US default and reopen the federal government after a 16-day closure. Stocks soared as the crisis appeared to be nearing its end. FRONT PAGE Uneven showing in Sept as
      548 words
    • Article
      Lock icon Shutdown hits White House garden
      308 2 WP [WASHINGTON] Oh, Mrs Obama, how does your garden grow? During the government shutdown, apparently wildly. The White House Kitchen Garden, planted with great fanfare by the First Lady and the National Park Service in April 2009, is now gangly and weedy. The garden’s unruly
      WP  -  308 words
    • Article
      Lock icon Direct correlation between innovation, growth: PwC study
      572 3  -  Most innovative firms see revenue growth doubling that of average ones By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The world’s most innovative companies are going to see revenue growth double that of the global average and treble that of the least competitive companies, over the
      572 words
    • Article, Illustration
      Lock icon YTL PowerSeraya appoints new chief executive
      459 3  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] Singapore’s sec-ond-largest generating company, Malaysian-owned YTL PowerSeraya, has appointed a new CEO, reinforcing market talk of an impending round of management changes in the power-ener-gy sector here. Under the leadership transition at the 3,300-megawatt genco, the group announced yesterday
      459 words
    • Article
      Lock icon HDB’s net deficit up 80% in last FY before govt grant
      356 3  -  BY KELLY TAY kellytay@sph.com.sg [SINGAPORE] The net deficit of the Housing and Development Board (HDB) increased 80 per cent in the last financial year (FY2012/ 2013), to $797 million from $443 million. This was before a $1.04 billion government
      356 words
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      184 2 Heuristics 1; UN1T«» Unit Transfer Method P4 covers challenging Maths problems involving Whole Numbers, Fractions and Decimals. Unit Transfer Method P5&6 solves 90% of challenging PSLE Maths problems involving Whole Numbers, Fractions, Decimals, Percentages and Ratios. A Problem method '"•solv/ng I®®, w 2nd Model Approach to Problem-solving P5&6 covers beyond
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  • COMPANY NEWS
    • Article
      Lock icon Keppel Land Q3 earnings surge 69.7% to $126.4m
      409 4  -  Strong performance from most of its business segments cited for increase By ONG CHOR HAO ongch@sph.com.sg AIDED by a strong performance from most of its business segments, Keppel Land reported a 69.7 per cent jump in third-quarter net profit to $126.4 million.
      409 words
    • Article, Illustration
      Lock icon APB’s senior S’pore exec quits
      290 4  -  By KENNETH LIM kenlim@sph.com.sg ASIA Pacific Breweries’ (APB) top executive for Singapore is the latest senior manager to leave the Tiger Beer brewer. Bennett Neo, regional director for Singapore, Indochina and Exports, will serve out his last day at the end of the year to
      290 words
    • Article
      Lock icon ST Aerospace clinches projects worth $600m in Q3
      368 4  -  By NISHA RAMCHANDANI nishar@sph.com.sg SINGAPORE Technologies Aerospace, an arm of Singapore Technologies Engineering, clinched $600 million worth of new orders in the third quarter, with projects including freighter conversions, cabin retrofitting as well as airframe, component and engine maintenance. In a press
      368 words
    • Article
      Lock icon Jubilee acquiring stake in Iskandar project through RTO
      422 4  -  By CAI HAOXIANG haoxiang@sph.com.sg JUBILEE Industries Holdings has unveiled a proposed reverse takeover (RTO) deal involving a Malaysian property developer. The Catalist-listed company said yesterday that it will acquire a 60 per cent stake in a development project in Medini Iskandar which
      422 words
    • Article
      Lock icon Associate contributions bolster Keppel T&T’s Q3 profit
      443 5  -  Turnover up 17.9% on higher revenue from data centre and logistics units By JOYCE HOOI joyceh@sph.com.sg HIGHER contributions from associated firms pushed third-quarter profit for Keppel Telecommunications Transportation (Keppel T&T) up 4.2 per cent to $14.1 million, the Keppel Corp unit said yesterday.
      443 words
    • Article, Illustration
      Lock icon A-Reit’s DPU up 2% in Q2 as net property income rises
      444 5  -  It will pay out 3.60 cents DPU for quarter ended Sept By MINDY TAN tanmindy@sph.com.sg ASCENDAS real estate investment trust (A-Reit) posted a distribution per unit (DPU) of 3.60 cents for the second quarter ended September, an improvement of
      444 words
    • Article
      Lock icon Midas bags $45m in train contracts
      449 5  -  By CAI HAOXIANG haoxiang@sph.com.sg MIDAS Holdings, which makes aluminium parts for t r a i n s S$45 million in contracts h as b a gg e d S$45 million in contracts for train projects in Europe and China. The company said yesterday that
      449 words
    • Article
      Lock icon GK Goh, four others sued over Australian acquisition
      701 8  -  Orange Valley shareholders invoke non-compete clause By GRACE LEONG gleong@sph.com.sg SINGAPORE tycoon Goh Geok Khim’s GK Goh Holdings went ahead with an A$161.7 million (S$191.3 million) investment in an Australian residential aged-care services player even as the founding shareholders of private nursing
      701 words
    • Article
      Lock icon Loyz Energy plans $17.5m private placement
      235 8  -  Proceeds to be used for its oil and gas exploration business By JACQUELYN CHEOK jaccheok@sph.com.sg LOYZ Energy has proposed a private placement of 50 million new shares at $0.35 each to raise net proceeds of about $17.46 million. The new share price is at
      235 words
    • Article, Illustration
      Lock icon Keen to go global? Size doesn’t matter
      913 9  -  Ex-MP and finance advisory firm head shares his insights on company growth By CAI HAOXIANG haoxiang@sph.com.sg SINGAPORE companies can go global regardless of size, says former Member of Parliament Leong Horn Kee, who now runs his own boutique corporate finance advisory firm. Homegrown
      PHOTO YEN MENG JIIN  -  913 words
    • COMPANY BRIEFS
      • Article
        Lock icon Lion Asiapac details Aussie unit’s deal
        100 9 QUICKLIME supply, scrap metal trading and investment holding company Lion Asiapac yesterday announced details about a deal involving Mindax which is 12.7 per cent held by LAP Exploration, a wholly owned subsidiary of Lion Asiapac. Mindax, an Australia-listed minerals company, has entered into a
        100 words
      • Article
        Lock icon SingHaiyi CEO exercises options
        81 9 REAL estate company SingHaiyi Group yesterday announced that its chief executive officer Chan Tung Moe has exercised 100 million of his share options at 1.5 cents per share, for a consideration of $1.5 million. As a result, the number of issued ordinary shares of SingHaiyi has
        81 words
      • Article
        Lock icon Blumont raises $43.05m from rights
        75 9 STERILISATION and mining company Blumont Group has raised $43.05 million from a one-for-two rights issue. The issue was 137.23 per cent subscribed. This was based on valid acceptances of 72.2 per cent of the total rights shares offered and excess applications representing another 65.03 per
        75 words
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      106 4 Organised By: 31 Oct 3 Nov 2013 SUNTEC Singapore, Level 6 12pm 9pm DAILY ceeshow.sg/about What’s more, SPIN YOUR WAY to $40,000 prizes (Cash inclusive) in CEE online instant draw! Total 200 winners. For every $100 spent or deposit placed, you get 1 chance to win. Terms and conditions apply.
      106 words
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      188 4 o Professional Qualifications in Procurement Supply Qncs Awarded by The Chartered Institute of Purchasing and Supply U.K. Supply Chain Training Centre 1 i < I EMPOWER YOUR LEARNING Diploma in Procurement and Supply The CTPS Diploma in Procurement and Supply is the most recognized professional qualification in purchasing and supply.
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      107 5 I 7 i I fJCM Si < 4 T k Ji iBJS h ViJ m tj i;;I >• r; .vs ?.v V T ft a /S 0 i; i i V V «> a (M5V > f .<‘7 f vTnVl^ ’■V <> A‘A .w3 > r <•> n S jm
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ‘Debt ceiling’ is latest bogeyman
      588 6  -  Market confident of a late US debt deal being struck; STI up 8.78 pts but volume still low STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THIS year, the US has given us terms such as “fiscal cliff”, “sequestration” and “tapering” terms that have entered the stock
      Source: Bloomberg  -  588 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Oct 16 VALUE CLOSE BT OB/OS -686.00 -110.00 BT CADI -*****.00 -56.00 BT 10-day MA -*****.00 -69.00 FTSE ST Mid Cap 730.13 +0.54 FTSE ST Small Cap 533.35 -1.51 FTSE ST All Share 770.16 +1.54 FTSE ST China Top 204.26 +1.56 FTSE ST China 231.58 +1.16 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 49 54 43 4 12 10 53 66 53 Commerce 22 22 18 1 10 3 23 32 21 Tpt/Stor/Comms 18 16 7
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      1078 6  -  Compiled by Teh Shi Ning M1 Oct 16 close: $3.49 Maybank Kim Eng Research, Oct 16 FOLLOWING a strong performance in Q3-13, we raise our DCF (discounted cash flow)-derived target price from S$3.69 to S$3.98 as we believe M1 could pay a special dividend of up to 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,788 18,788 72,513 72,513 Manufacturing 350,691 67,869 418,560 156,750 1,826 158,576 Commerce 88,067 208,219 296,286 68,272 14,834 83,106 Tpt/Stor/Comms 84,911 29,323 114,234 191,170 11,369 202,539 Finance 245,006 760 245,766 174,290 298 174,587 Construction 76,234 71,303
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.965 -0.005 CapitaLand 3.140 +0.010 CapitaMall 1.950 -0.010 CityDev 10.47 +0.110 ComfortDelGro 1.900 +0.005 DBS Grp 16.57 +0.110 GLP 2.980 +0.040 Genting SP 1.470 +0.020 Golden Agri 0.520 -0.005 HK Land 6.330 -0.030 HPH Trust US$ 0.780 -0.005 JMH 54.63 -0.120
      115 words
    • Article, Illustration
      Lock icon Ringgit leads Asian gains, US$ up vs yen
      539 6 CURRENCIES Reu ters [SEOUL] Most emerging Asian currencies rose slightly yesterday, led by the Malaysian ringgit, on cautious hopes of an eventual US deal to raise the government’s borrowing limit and avoid a potential default. Investors, however, hesitated to add positions in
      Reuters; PHOTO: BLOOMBERG  -  539 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME SingHaiyi 588,092,000 Innopac 225,641,000 Albedo 121,396,000 YHM 70,233,000 ChasenHldg 57,852,000 HanKore 52,887,000 IPCO Intl 50,780,000 AsiaPhos 48,706,000 Xpress R 47,006,000 Oakwell Engg 41,308,000 VALUE($) SingTel 119,919,310 DBS Grp 55,067,640 OCBC Bk 47,050,470 UOB 45,264,540 Keppel Corp 44,243,140 Yangzijiang 40,438,655 Genting SP 27,113,440 SPH 25,420,120 Star Hub
      54 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP IS S&P500 ***** 499.6 2.4 SPDRS S&P 500 10US$ ***** 151.6 0.7 Lyxor ThaiSET 10US$ ***** 150.4 0.9 Hyflux 6% CPS 10 ***** 80.0 0.7 Lyxor Nasdaq100 10US 1308 58.4 3.7 Lyxor EmergingMkts 1 1045 54.7 4.4 DBXT MSINDIA 10US$ 820 32.3 3.3 DBXT MSEurope
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    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT MSJAP 10US$ 4618 -32.3 -0.6 Jardine C&C 3636 -24.0 -0.7 DBXT S&P Short 10US$ 2830 -21.1 -0.6 DBXT CSI300 10US$ 756 -18.6 -1.9 ChasenHldg 15.9 -18.6 -53.9 STXPO 100 198.5 -18.5 -8.5 RH PetroGas 64 -17.0 -21.0 IS MS India 100US$ 585 -16.2 -2.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      194 7 *434 2->3 m WE STARTED THINKING ABOUT TODAY THREE YEARS AGO Knowing what is happening in markets around the world today is not enough. Successfully investing clients' assets requires more. Identifying hidden risks. Uncovering future opportunities. Our time-tested investment process helps us separate market noise from market signals and look
      194 words
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  • Page 8 Advertisements
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      504 8 Thailand Property Showcase Saturday S Sunday, 19-20 Oct, 2013 11.00 am 7.00 pm Malaysia Room, 5/F, Hilton Hotel (581 Orchard Road Singapore *****3) Guaranteed Return (2 years) *as indicated in the sales purchase agreement Weltz Residences Le Luk Condominium, situated on Sukhumvit Road near bts Ptira Ktianong Station, are directly
      504 words
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      11 8 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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      129 9 f w m 90 m o If y fn m u r 4 o N, a m O >> ssT" pp o T O URIA/ERK PRESENTS THE UR-nnOTTH IN TANTALUM AND ITS REVOLVING SATELLITE COMPLICATION ON PLANETARY GEARS (also available in red gold and AITIN) UHWEHK GENEVE URIA/ERK has its
      129 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Quicker payment hints at recovery for electronics
      480 10  -  Firms paid creditors in 58 days on average in Q3, down from 69 days in Q2 By LEE MEIXIAN leemx@sph.com.sg FASTER debt payment by electronics companies in Singapore in the third quarter is a sign that the sector is picking up, says DP
      Source: DP Information Group  -  480 words
    • Article, Illustration
      Lock icon Sports Hub to have giant solar panels
      408 10  -  Deal gives hub stable electricity prices for 21 years By LEE U-WEN leeuwen@sph.com.sg THE new Singapore Sports Hub, which is just a little over five months away from being completed, will tap the sun’s energy to meet some of the $1.33 billion project’s
      408 words
    • Article, Illustration
      Lock icon A local MNC in the making
      833 10  -  Having made good locally, BD Cranetech is seeking opportunities beyond S’pore BY SHI GUANG, LIM HUI JASPER, LIANG YONGLONG JASON CALL BD Cranetech the company that adamantly believed it could do better than its foreign rivals and then went ahead and did just that.
      PHOTO: YEN MENG JIIN  -  833 words
    • Article
      Lock icon UniSIM to run Singapore’s third law school
      300 10  -  Minister: Its focus will be on criminal and matrimonial law By KELLY TAY kellytay@sph.com.sg UNISIM has been chosen to host Singapore’s third law school, revealed Education Minister Heng Swee Keat yesterday. Speaking at the private university’s convocation ceremony, Mr Heng said that while
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    • Article
      Lock icon SingHealth director, A*Star scientist win Her World awards
      304 10  -  By KELLY TAY kellytay@sph.com.sg TWO women were honoured for their success and outstanding achievements at the Her World Woman of the Year awards, held yesterday evening at the Shangri-La Hotel. The title award went to Associate Professor Lim Swee Hia, senior director
      304 words
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      110 10 ranq mahal RESTAURANTS Heirlooms Handcrafted by Rang Mahal since 1971 Experience the Rang Mahal Legacy with "Heirlooms" and celebrate this year's Diwali with our handcrafted mitthais, encased in exquisite designer gift boxes ideal for loved ones and valued clients. mahal m Corporate Mitthai Collection S50 (21 mitthais) Premium Mitthai Collection
      110 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Is Indonesian property rally a bubble?
      869 11 Country’s VP and trade minister offer differing view NYT [JAKARTA] Gita Wirjawan, Indonesia’s Trade Minister, made a steeply rising motion with his right hand, like an airplane soaring into the sky, when asked about the surging real estate market in this country. “Scary, isn’t
      NYT; PHOTOS: BLOOMBERG, AFP  -  869 words
    • Article
      Lock icon RHB Inv Bank mulls Manila JV in regional push
      570 11 Bloomb erg [KUALA LUMPUR] RHB Investment Bank, a unit of Malaysia’s fourth-largest lender, said it’s in talks with potential partners in the Philippines to further its push into South-east Asia’s fast-growing economies and boost revenue. “We’ll start with a joint venture
      Bloomberg  -  570 words
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      177 11 German Spanish Korean Japanese Mandarin English Arabic German Spanish Korean Japanese Mandarin English Arabic A Global Education Company Helping The World To Communicate Since 1878 LANGUAGE GROUP LESSONS FOR KIDS ADULTS Kids Group Adults Group Lessons /4 to 8 students per group /I 8 or 24 lessons Berlitz language workshops
      177 words
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      237 11 on o THE ROYAL BOROUGH OF KENSINGTON AND CHELSEA FIRST GLOBAL LAUNCH 999 YEARS LEASEHOLD Studio 1/2/3 Penthouse Duplex a o. v Iimesb la tfie future, of GTortft J-\easlagbQa y/^=M Bis Battersea Canary Wharf 93 7^ td BTTV ANKtAtNT m Buckingham Palace /A <s» KENSINGTON RD BBa /Coqf'O u- y
      237 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s economy to pick up by year-end: RBI chief
      557 12 Green light for major projects and favourable weather for farming fuel optimism Reuters [CAMBRIDGE, Massachusetts] India’s economy will pick up by the end of the year, thanks to the start-up of billions of dollars worth of stalled resource projects and a
      Reuters; PHOTO: AFP  -  557 words
    • Article
      Lock icon China unlikely to join TPP talks soon: NZ
      448 12 Reuters [WELLINGTON] China is unlikely to join talks on an Asia-Pacific free trade agreement anytime soon, but eventually the world’s No 2 economy will have to be involved in the pact, New Zealand Trade Minister Tim Groser said yesterday. Speaking at a
      Reuters  -  448 words
    • Article
      Lock icon China’s Wumart to buy 36 retail stores from CP Lotus
      575 12 Bloomberg [HONG KONG] Wumart Stores Inc, the Chinese supermarket operator, said that it will buy 36 stores from CP Lotus Corp for HK$2.3 billion (S$369 million) through a share swap to expand in Northern China. The stocks surged. As part
      Bloomberg  -  575 words
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      205 12 Buyers, find the right property, buy at the right price. i ■■■Hi, rrm r HI I! r n "'ii r mill riinii i ■in i u r r mu i Hill I r •fHHi. a ««MII i Hum mu r" 3 ;r ts: tsc 1 c::zaaan!: Tlllll r IMhV SST
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      311 13 GRAND OPENING ©REENHUB FEATURING THE FIRST “GREEN FACTORY” IN SINGAPORE G reenpac environmental packaging PROJECTS PARTNERSHIPS Greenpac’s Community Farm All-Women’s Everest Team Community Golf Fundraising CHARITABLE CONTRIBUTIONS The Children’s Society The Future Light Orphanage of Worldmate in Cambodia WORKFORCE DIVERSITY EQUAL OPPORTUNITY Yellow Ribbon Project Persons with Disabilities COMMUNITY PARTNERSHIPS
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  • WORLD
    • Article
      Lock icon West’s recovery fails to lift Asia’s exporters
      529 14 Asia economies increasingly rely on domestic demand as engine of growth Bloomberg [SINGAPORE] Asia’s exporters are failing to benefit from a recovery in advanced nations, putting the onus on policymakers to shift reliance to domestic demand as a driver of economic growth. China’s
      Bloomberg  -  529 words
    • Article, Illustration
      Lock icon Oracle investors advised to vote against directors
      317 15 Advisory group cites misalignment of pay and performance Bloomberg [SAN FRANCISCO] Oracle Corp shareholders should vote against the company’s independent directors at the annual meeting, Institutional Shareholder Services said, seeking to better align executives’ pay with performance. ISS, which advises investors about corporate
      Bloomberg; PHOTO: BLOOMBERG  -  317 words
    • Article, Illustration
      Lock icon Royal Mail sale good for small investors
      710 15 Reuters [LONDON] Strong public demand for Britain’s Royal Mail sell-off could mark the retail investor’s return as a more regular player in share sales, potentially giving firms another source of cash and broadening share ownership in the country. Small investors flocked to Royal
      Reuters; PHOTO: BLOOMBERG  -  710 words
    • Article
      Lock icon Yahoo to hold on to more of Alibaba stake after IPO
      570 16 It’ll gain more if Alibaba surges post IPO, as its own core ad business softens Reuters [SAN FRANCISCO] Investors cheered Yahoo Inc’s plans to keep a larg-er-than-expected stake in Chinese e-commerce giant Alibaba Group Holding Ltd, overlooking continuing softness
      Reuters  -  570 words
    • Article, Illustration
      Lock icon France’s vocal interior minister tops polls
      695 16 AFP [PARIS] As approval ratings plummet for the rest of France’s Socialist government, one politician has managed to defy the trend and become a rising star: tough-talking Interior Minister Manuel Valls. Thanks to a law-and-or-der drive that has appealed to voters on both the
      AFP  -  695 words
    • Article
      Lock icon Fixed-income trading erodes Citi earnings
      430 16 NYT [NEW YORK] Grappling with a tepid mortgage market and a broad slowdown in its fixed-income business, Citigroup reported disappointing third-quarter earnings growth on Tuesday. Citigroup, the US’s third-largest bank by assets, said that its quarterly profit rose to US$3.23 billion, or US$1 a share,
      NYT  -  430 words
    • Article
      Lock icon T-bills due today reflect risk of late payment
      630 17 Rates of US$120b in bills due Oct 17 surge, bill auctions to raise cash falter Bloomberg [NEW YORK] Investors holding US$120 billion of Treasury bills coming due today are increasingly worried that they won’t get paid. Rates on the bills, maturing the
      Bloomberg  -  630 words
    • Article, Illustration
      Lock icon Danone cuts ’13 targets on infant formula recall
      725 17 Bloomberg [PARIS] Danone, the world’s biggest yogurt maker, said that a product-safe-ty scare in Asia has set the company back by six months in its efforts to restore “strong sustainable, profitable growth”. Sales of baby-nutrition products slumped in the third quarter after
      Bloomberg; PHOTO: REUTERS  -  725 words
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      Lock icon Croc farming: a high price for luxury
      890 17 Bloomberg [JOHANNESBURG] Croco-dile-skin handbags can be to die for. Really. As demand from the world’s elite surges for the skins, luxury-goods companies from LVMH Louis Vuitton Moet Hennessy SA to Gucci-owner Kering SA are making acquisitions to secure supply of the beasts, whose
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    • Article
      Lock icon Softbank on buying spree, in talks for 100b yen deal
      366 17 Bloomberg [TOKYO] A day after SoftBank Corp said it was buying a majority stake in gamemaker Supercell Oy, billionaire chairman Masayoshi Son is at it again. Japan’s third-largest wireless carrier is in talks to buy a stake in Brightstar Corp,
      Bloomberg  -  366 words
    • Article
      Lock icon Apple cuts orders with iPhone 5C assemblers: report
      290 17 AFP [TAIPEI] Apple has told two companies assembling its new lower-cost iPhone 5C that it is cutting orders for the fourth quarter, raising concerns over weak-er-than-expected demand, a report said yesterday. Apple told Foxconn and Pegatron Corp earlier this month that shipments
      AFP  -  290 words
    • Article
      Lock icon Drop in bad loans helps BOA with US$2.2b profit
      345 17 Reuters [NEW YORK] Bank of America (BOA) yesterday posted a quarterly shareholder profit of US$2.22 billion, reversing a year-earlier loss, as fewer loans went bad. The bank’s loan portfolio performed better, but results deteriorated in three of its five major businesses
      Reuters  -  345 words
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      Lock icon Twitter’s Q3 sales jump, but losses mount
      866 18 Social networking company picks New York Stock Exchange for its listing NYT [SAN FRANCISCO] As Twitter prepares to hit the road to begin peddling its stock to the public, the company disclosed new revenue numbers on Tuesday that may help it persuade investors
      NYT; PHOTO: REUTERS  -  866 words
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      Lock icon JPMorgan to pay US$100m to settle CFTC charges
      557 18 Bloom berg [WASHINGTON] JPMorgan Chase Co, the largest US bank, agreed to pay US$100 million to resolve Commodity Futures Trading Commission (CFTC) claims that the company’s London traders last year deployed a reckless strategy in derivatives. Th e acco r d stems
      Bloomberg; PHOTO: AFP  -  557 words
    • Article
      Lock icon Asia eyeing a share of US shale gas boom
      901 18 WP [DAEGU, South Korea] Asia’s large-scale gas importers, long saddled with premium prices, say a cheaper alternative lies several thousand feet below North American soil, where companies are unlocking enormous gas reserves from shale rock. The shale boom has already revolutionised
      WP  -  901 words
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      Lock icon Banking career getting less popular: survey
      336 18 Reuters [LONDON] The popularity of a banking career among business students has fallen since the 2008 financial crisis and banks face a wake-up call to change to attract the best graduates, a survey for accountancy firm Deloitte showed yesterday. The popularity of working in
      Reuters  -  336 words
    • Article
      Lock icon French tobacconists offer cut price bank accounts
      318 18 Reuters [PARIS] The French will soon be able buy their cigarettes and do their banking at the same time with the launch of a stripped-down, cut price bank account by the country’s huge network of tobacconists. France’s 27,000 “tabacs”, whose distinctive red, diamond-shaped
      Reuters  -  318 words
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      1929 14 Keppel Land Limited Co Reg No: *****0001G (Incorporated in Singapore) 1. UNAUDITED RESULTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2013 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the nine months ended 30 September 2013: Third Quarter Nine Months Note 30.09.13 30.09.12
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      316 15 GAS GAS ASIA SUMMIT Conference and Workshop Marina Bay Sands I Singapore 30 October -1 November 2013 Partof SINGAPORE INTERNATIONAL ENERGY WEEK 28 October I November 2013 Creating Integrated and Sustainable Gas Markets to Fuel Asia Ensuring Security Of Supply In Singapore Through Innovative Strategic And Commercial Models North American
      316 words
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      98 15 Gold Sponsor BG GROUP B Silver Sponsors CHENIERE E^onMobil Bronze Sponsor HERBERT 5 SMITH FREEHILLS Associate Sponsor CWZ3 WUZHOU VALVE Industry Supporters China LNG mumn ASC#PE A S P R I AuocUWn ol P>oc«tt InduUfy GAS ■pfa i GEPapac 'Jr Energy r Market r Authority Smart Energy, Sustainable Future Find
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      597 15 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2013 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter and nine months
      597 words
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      1914 16 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Queens Merit Limited Business Company Number: *****98 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Queens Merit Limited commenced on 30/09/2013 and that Alison Watson of
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      208 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF JAPAN HOLDCO PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9741W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Iata to push for global emission cap scheme
      472 19  -  It will work to adopt proposals at next ICAO assembly in 2016, says its chief By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The International Air Transport Association (Iata) is committed to ensuring the successful adoption of proposals at the next International Civil Aviation Organisation
      PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon Airfreight market seen flat this year
      387 19 THE global airfreight market is expected to remain largely flat this year with growth of 0.9 per cent, although cargo traffic is expected to pick up next year and grow 3.7 per cent. The industry is experiencing soft demand from the double whammy of
      387 words
    • Article
      Lock icon JAL moves out from under Tokyo’s influence
      668 19 Now ANA may face govt pressure to buy Boeing Reuters [TOKYO] When Japan Airlines Co broke with decades of tradition by buying long-haul jets from Europe’s Airbus rather than US rival Boeing Co, it informed the Japanese government by e-mail without any prior
      Reuters  -  668 words
    • Article
      Lock icon Scoot flying to Perth from Dec 19
      223 19  -  By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Budget carrier Scoot is launching its 13th destination Perth which is also its third Australian destination after Sydney and the Gold Coast. This comes shortly after the Singapore Airlines-owned carrier announced it would begin operations to Hong Kong
      223 words
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      Lock icon Venezuela frees oil survey ship: Malaysian owner
      457 19 Reuters [CARACAS] The Malaysian owner of a US-hired oil survey ship seized last week by Venezuela in a territorial dispute with neighbouring Guyana said on Tuesday that the boat and its 36-member crew have been released. There was no confirmation from the governments
      Reuters  -  457 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 19 SGX '000 Oct 16 S$ +/-Vol Ch Offshore unch unch 0 Chuan Hup Hldg 0.28 unch 1149 Cosco Corp 0.80 0.01 2156 Cwt Limited...............1.41 -0.01 45 First Ship Lea 0.09 unch 213 Freight Links 0.10 unch 6622 Grand Banks ....unch Jaya Hold Ltd unch K1Ventures.................0.21 unch 538 Keppel
      239 words
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      Lock icon SHIPPING TIMES
      1332 22 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
      1,332 words
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      79 19 HOT PROPERTY i i i 2407/5I18 NG sf Terr Hall Near B r msh f laza and famous s"L Tlmah 4600™°, 5 R kitchen verv cL P 00 new Good cond y Paaous oufetteign0HNwir D b a sh sf*5 a r P m e s 9 d N n a
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      38 19 SWEET DELIGHTS It’s time to shop for the Festival of Lights BEST DENKI MARKETING HEAD: Indians are big spenders at our outlets GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      340 19 CRYPTIC CROSSWORD Across 7 Relation dumped outside home? That’s ominous (8) 9 Separate church finally accepted in diocese (6) 10 Donkey stabled by son and daughter is cured (6) 11 Bit of a heart-throb exciting to ladies (8) 12 Writer, if amiss, could get eternal censure (8,6) 15 Fish dish
      340 words
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  • EDITORIAL & OPINION
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      Lock icon Malaysia-Indonesia bridge is a tall order
      482 20 EDITORIAL A MALAYSIAN plan to construct a 49-kilometre bridge first mooted in 1995 between Malacca and Dumai in Indonesia is being revived. Malacca Chief Minister Idris Haron revealed that the project’s details would be disclosed once all the mechanisms were in place. Apparently, the
      482 words
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      Lock icon Trichet puts IMF and World Bank in their place
      823 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent FORMER head of the European Central Bank Jean-Claude Trichet said it all when he delivered the Per Jacobsson Lecture at the IMF and World Bank annual meetings in Washington last weekend. It is the
      823 words
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      Lock icon India’s central bank needs a new recipe
      1067 20  -  RBI’s interest-setting formula must put more emphasis on taming inflation REUTERS BREAKINGVIEWS By ANDY MUKHERJEE THE Reserve Bank of India’s in-house rule for setting interest rates is a secret sauce in desperate need of a new recipe. The ingredients for the rate-setting formula
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      Lock icon The Fed’s surprise and Yellen’s challenge
      1069 21  -  Fed still stuck with tools that are too blunt, and whose effects are too indirect By MOHAMED EL-ERIAN The writer is CEO and co-CIO ofPIMCO, and the author of ‘When Markets Collide Project Syndicate THE US Federal Reserve sparked a global and now month-long
      Project Syndicate; PHOTO: BLOOMBERG  -  1,069 words
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      Lock icon Take it to the ‘future seniors’
      931 21  -  THOMAS FRIEDMAN Eventually this shutdown crisis will end. And eventually the two parties will make another stab at a deal on taxes, investments and entitlements. But there’s one outcome from such negotiations that I can absolutely guarantee: Seniors, Wall Street and unions will all
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      Lock icon Germans happy with the EU and the euro
      651 21  -  Reports claiming they’re rejecting Europe are wrong By DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate ACCORDING to conventional wisdom, the eurozone crisis has reduced citizens’ trust in the European Union and in European institutions
      Project Syndicate; Source: IfD-Allensbach  -  651 words
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  • Page 22 Advertisements
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      50 22 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times 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
      3180 23 Transaction date: Oct 16 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 147.5 unch 385 149 146
      3,180 words
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      Lock icon SGX CATALIST
      198 24 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 2.6
      198 words
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      Lock icon UNIT TRUST & FUNDS
      11106 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited *****/ Asian local Ccy SD Bond 0 9791/ Global Emerging Markets!** f M local Ccy Bond 0 9153/ European Opportunities!"‘ 1.2398/
      11,106 words
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      Lock icon GLOBALQUOTE
      245 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 31 Genting HK US$ US42 unch 4997 42.5 41.5 42 42.5 2765.5 Last 285 191 TanChongInt HK277 278 285 4.3 2.5 9.3 5578.5 DISCLAIMER: All
      245 words
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      Lock icon SGX ETF
      875 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 114 +1 12 114 112.2 112.2 114 520.4 143 125 CIMB APAC Div 100S$D 130.8 129.8 130.3 114.4 99.2 CIMB
      875 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      588 25 Oct 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.64 *****.67 *****.61 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****6 Mar14 *****.00 *****.00 *****.00 *****.00 0 323 MSCI TAIWAN INDEX FUTURES SPOT 295.75 296.38 293.67 Oct13 295.40 296.20 293.90 294.00 ***** *****2 Nov13 294.90
      588 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Oct 15 Index Change Change Change Change Change Change World Preliminary 1112.5 0.2 18.6 -0.1 18.8 0.0 16.8 EAFE Preliminary 915.2 0.6 18.2 0.1 16.5 0.2 14.5 Europe Preliminary 1306.9 0.8 13.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Oct 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 5.820 0.705 7.393 58.872 108.211 0.938 10.163 3.028 1.131 101.203 41.182 1.185 9.494 0.870 28.076 29.803 0.596 0.953 Canada 1.011 5.884
      471 words
    • Article
      Lock icon SIBOR
      38 25 Oct 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
      38 words
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      Lock icon GOVERNMENT SECURITIES
      84 25 Oct 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****N 21-Apr-14 0.28 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*****0W 1.13 01-Apr-16 101.77 101.82 101.82 5-Year N*****0T 0.5 01-Apr-18 98.15 10-Year NX*****H
      84 words
    • Article
      Lock icon PRECIOUS METALS
      137 25 Oct 16 GOLD(US$/oz) Oct 15 Oct 16 Hong Kong 1270.00 1288.00 Oct 11 Oct 15 London 1267.89 1269.54 1268.68 1270.76 Source: Thomson Reuters CAST BAR Oct 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 327 256 10gm 585 512
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    • Article
      Lock icon PALM OIL
      57 25 Oct 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 13 2370.0 2400.0 2401.0 2370.0 796 ***** Dec 13 2372.0 2404.0 2405.0 2368.0 9687 ***** Jan 14 2378.0 2409.0 2410.0 2373.0 ***** ***** Feb 14 2382.0 2414.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Oct 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1845 1.1859 0.9532 0.9536 Canadian dollar 1.1974 1.1991 0.9642 0.9636 Euro 1.6805 1.6820 1.3523 1.3525 NZ dollar 1.0469 1.0482 0.8424 0.8429 Sterling pound 1.9882 1.9900 1.5999 1.6002
      155 words
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      Lock icon CHICAGO BOT
      109 25 Oct 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 13 1267.00 1273.00 1276.75 1264.25 Jan 14 1266.00 1271.75 1275.50 1263.50 Mar 14 1255.75 1259.00 1263.50 1251.50 May 14 1244.00 1245.25 1250.75 1239.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
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      Lock icon LIFFE
      95 25 Oct 15 COCOA (£/tonne) Close Prev High Low Dec 13 1782 1753 1787 1753 Mar 14 1769 1740 1774 1739 May 14 1763 1733 1767 1732 Jul 14 1756 1726 1760 1724 COFFEE(US$/tonne) Close Prev High Low Nov 13 1679 1734 1743 1674 Jan 14 1671 1721 1732 1667
      95 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1117 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 20.5 -4.5 30 0.0 5 -79 57 Asia-Pacific Strategic W*****6 0.4 1 123 414 60.00 7 Acma Ltd W*****7 Exer Price Allied Technologies W*****1 Disc Ascendas Reit MB
      1,117 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Oct 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.01 0.54 WTI (Near Mth) 101.01 -1.18 Dubai (1-Mth F) 106.39 -0.54 Tapis blend 118.69 -0.41 Minas 109.69 -0.41 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.33 unch Jet Kerosene 124.81 unch US$/barrel OpecOil Basket
      70 words
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      Lock icon US$/S$ FORWARD RATES
      22 25 Oct 16 S$ Bid Offer 1-month 1.2427 1.2436 2-months 1.2426 1.2435 3-months 1.2426 1.2435 6-months 1.2422 1.2432 Source: OCBC
      22 words
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      Lock icon LONDON METALS
      66 25 Oct-15 Oct-15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1801.50 1822.75 3 months 1849.00 1870.00 Copper, Grade A(US$/tonne) Cash 7216.50 7231.75 3 months 7240.00 7255.00 Lead(US$/tonne) Cash 2116.75 2108.00 3 months 2143.00 2131.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Oct 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.211 1.154 Can dollar 1.219 1.173 Euro 1.718 1.637 Sterling pound 2.022 1.945 NZ dollar 1.068 1.027 US dollar 1.268 1.208 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 25 Oct 16 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 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
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Warehouse Reits doing well in Australia
      1515 26 They plan to invest more than A$3b in the next five years but supply is limited Bloomberg [SYDNEY] The usually staid market for Australian warehouses is heating up as investors chase a limited supply of properties for returns that are beating offices and malls.
      Bloomberg; PHOTO: BLOOMBERG  -  1,515 words
    • Article
      Lock icon Officials frown as New Yorkers rent out homes to tourists
      620 26 AP [NEW YORK] Each night, people in apartments all over New York city are cleaning up, putting out fresh towels and clearing out to rent their private space to strangers from around the world. Thousands of city residents are using
      AP  -  620 words
    • Article
      Lock icon Househunt
      202 26 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 18 AND SEPT 24, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 10 NON-LANDED Rv Residences Apt 18/09/2013 999 420 856 2039 Rv Residences Apt 18/09/2013 999 420 872
      202 words
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      Lock icon Flats with Central Park views only billionaires can afford
      1116 27 NYT [NEW YORK] The transformation of a once dowdy stretch of 57th Street into Billionaires’ Row reached new heights on Tuesday, as two of New York City’s leading developers reached a truce that paves the way for two more ultraluxury towers
      NYT; PHOTO: CHANG W LEE/THE NEW YORK TIMES  -  1,116 words
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      Lock icon HK home prices may fall 25%, says Merrill Lynch
      537 28 Analyst points to increasing supply, chances of interest rates going up Bloomberg [HONG KONG] Hong Kong home prices will fall as much as 25 per cent from their peak as housing supply increases and the possibility of rising interest rates grows,
      Bloomberg; PHOTO: BLOOMBERG  -  537 words
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      Lock icon China to invest more of its reserves in Europe
      351 29 It’s looking at real estate, infrastructure projects in Germany, France, UK, Poland EUROPE PROPERTY Bloomberg [BEIJING] China’s agency that manages the nation’s US$3.66 trillion of foreign exchange reserves is looking to make more investments in European property, two people familiar with
      Bloomberg; PHOTO: BLOOMBERG  -  351 words
    • Article
      Lock icon Norway fund, Axa eye European debt
      175 29 Bloomberg [LONDON] The manager of Norway’s sovereign wealth fund, the world’s largest, formed a venture with Axa Real Estate Investment Managers to invest in European commercial real estate debt as borrowers seek to refinance maturing loans. Norges Bank Investment Management and Axa Real Estate,
      Bloomberg  -  175 words
    • Article, Illustration
      Lock icon Is freehold property better than 99-year?
      888 30  -  Well, it depends on whether one is buying a landed or non-landed property By CHRISTINE LI The writer is the head of research and consultancy at property firm OrangeTee THERE are generally two types of property tenure in Singapore: 99-year leasehold and freehold. We
      888 words
    • Article
      Lock icon Northstar to expand ERA brand in region with franchise rights
      290 30  -  By JASMINE NG jasng@sph.com.sg PRIVATE equity company Northstar Group has completed its purchase of the franchise rights to expand the ERA Real Estate brand in the Asia-Pacific region. The rights, acquired from Hersing Corporation, will give Northstar access to 18
      290 words
    • Article, Illustration
      Lock icon Two industrial plots in Joo Koon up for sale
      541 31  -  $7.5m-$10m asking prices for parcels with potential for additional GFA By ONG CHOR HAO ongch@sph.com.sg A COUPLE of industrial plots in Joo Koon with room for additional gross floor area (GFA) development has been put up for sale at guide prices
      541 words
    • Article
      Lock icon Tokyo apartments for sale surge in Sept before tax hike
      389 31 Bloomb erg [TOKYO] The number of condominiums offered for sale in Tokyo and surrounding areas in September had the biggest increase in 17 months as developers accelerated sales before a planned consumption tax increase in April. Developers introduced 5,968 units
      Bloomberg  -  389 words
  • Page 26 Advertisements
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      252 26 HOLLAND VILLAGE Freehold Site Area: Approx. 3,410 sq ft Total Strata Area: Approx. 10,707 sq ft Commercial Zoning Ideal for F&B, retail, showroom space, office, investment or owner occupation Sammi Urn HP: 9368 9803 (CEA Reg No.: R*****9J) Investment Properties: 6 Battery Road #32-01, Singapore *****9 2 1 2 Storey
      252 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      284 27 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. INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation Singapore Commercial Buildings in business district with 3-4% returns Bulk sale of
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      Lock icon Page 27 Advertisements Column 2
      415 27 I r -i t m. it. r» FROM ONLY £125 n**» FANTASTIC WATERSIDE INVEST NT RENTAL GUARANTEE OF 5% NET FOR TWO YEARS EXHBTON SATURDAY 19 SUNDAY 20 OCTOBER INVESTMENT PRESENTATION LOCATION 2PM-3PM RSVP LIMITED SEATS HILTON HOTEL SINGAPORE 5/F, SINGAPORE ROOM, 581 ORCHARD ROAD *****3 Certain terms and conditions
      415 words
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  • Page 28 Advertisements
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      473 28 r i VACATION HOMES IN A MULTI-AWARD WINNING RESORT. YOURS TO OWN FROM ONLY S$388,000 Garden and stunning sea views for select units sizes from 1100 sq ft guaranteed 5% yield p.a.for the first three years* all fully furnished remarkable resort facilities attractive financing schemes managed by a team of
      473 words
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      Lock icon Page 28 Advertisements Column 2
      93 28 Sale by Expressions of Interest Freehold Good Class Bungalow Leedon Road D10 A 2-storey colonial-style bungalow with swimming pool surrounded by lush greenery Site Area of 43,926 sq ft approximately Zoned “Residential” within Belmont Park GCBA Located off Holland and Farrer Roads Minutes drive to Holland Village, Orchard Road PIE
      93 words
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      63 28 Medical Suites for Lease •Minutes to Gleneagles and Mt Elizabeth hospitals,luxuryhotels and OrchardRoad •Multi-disciplinarymedicalcentrewithover100topmedicaland healthcarespecialists •Locatedintheheartofexpatcommunityof TanglinandHollandareas •RadiologyLaboratories •PharmacyandDiagnosticLaboratory •ShuttlebustoOrchardMRT Medical Expertise. Privacy Location. F or l eas i n g en q u i r i e s p l ease ca ll Audrey 6434 9808 Keith 6434 9832
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      693 29 THE OAKS BROOME A PROVEN INCOME PRODUCER* FOR SALE WA, Broome: 99 Robinson Street The Oaks Broome Modern resort, beautiful surrounds The Resort: 75 (103 keys) of 129 strata apartments plus one, 3,005 sqm development block offered for sale in one line Excellently managed by Oaks Hotels and Resorts on
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      699 30 Advertoria ST JOHN’S WOOD London’s Exclusive Residences “St John’s Wood, London NWS is indisputably one of the UK’s most exclusive residential addresses” 10 minutes from the bustle of London’s West End, bounded on its south by the Crown Estate’s Regent’s Park with 395 acres of nearly 400 varieties of roses;
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      232 30 £2 H m Razzle Dazzle Conservations Live in a Residential Shophouse A unique opportunity to live in a 1900's historic dwelling > high ceilings, timeless heritage t near Robertson Quay/river near financial district Blair Plain near historica Nei Road I character yet modernised interiors > near Emerald Hill taste, ambience
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      172 31 ■I i A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with the following types of assets: 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses We have access to off-market and
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      332 31 151-161 LONDON W 8 Exhibition, Saturday 19th Sunday 20th October 2013 11am to 7pm Regent Hotel Boardroom II III, Level 3,1 Cuscaden Road, Singapore *****5 r M "u I f|t a mi vision er^press ItIw HOUSE ®[F labels a si 1 Hli-w if N? 'i _r r An exceptional collection
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