The Business Times, 7 August 2014

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Microfilm: NL33221
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Thursday, August 7, 2014
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  • Article
    Lock icon Samudra Energy pulls IPO, reasons clouded
    838 1  -  While company blames market volatility, observers cite company-related factors By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] Global market uncertainty and concerns over a share-price drop after listing have prompted Samudra Energy to pull the plug on its initial public offering, though others point to more
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,320.23 (-7.44) HST INDEX FUTURES 3,299.00 (-8.00) HSIMSCI 378.86 (-0.91) HSIMSCI FUTURES 375.40 (-2.00) US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.686 2.104 EURO (US$/S$/€ 1.337 1.668 Foreign currency per US$ S$ YEN 102.50 82.20 RM 3.197 2.562 HK$ 7.751 6.212 BAHT 32.15 25.76 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Wednesday Change KL COMP 1,869.92 -6.77 NIKKEI 225 15,159.79 -160.52 HANG SENG 24,584.13 -64.13 SET INDEX 1,522.41 -6.57 JAKARTA COMP 5,058.23 -50.86 MANILA COMP 6,948.97 -25.03 SEOUL COMP 2,060.73 -5.53 SHENZHEN B 935.65 +2.76 MUMBAI IND 25,665.27 -242.74 12 noon EDT Change DOW 16,482.42 +52.95 NASDAQ 4,376.06 +23.23
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.397 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article
    Lock icon Car distributors close ranks for stronger voice
    743 1  -  Industry body sought to deal with govt depts making rapid policy changes BY SAMUEL EE sémue|ee@sph.com.sg [SINGAPORE] Virtually the entire motor industry met quietly on Tuesday to see how they can bring all the brands together to speak as one voice when dealing
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      Lock icon Page 1 Advertisements Column 1
      138 1 HOME LOANS OCBC eyeing new customers via video contest PAGE 2 CORPORATE RESULTS Sembcorp Q2 profit up 8.3% PAGE 5 COEs Premiums rise across the board PAGE 2 AVIATION June passenger traffic growth slows to 4.7% PAGE 20 SINGAPORE ACCOUNTANCY AWARDS A profession takes a bow I Page 11 8"*****1"*****4
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  • TOP STORIES
    • Article
      Lock icon OCBC eyeing new home loan customers via video contest
      705 2  -  Top five winners to get interest-free first year or S$1,000 of vouchers if they don’t take a loan By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] The home loan market may be pretty dismal but that seems to have got the creative
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    • Article, Illustration
      Lock icon COE premiums rise across the board
      459 2  -  Dealers realise that new quota isn’t as big as expected By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums have risen across the board as dealers rushed to secure certificates of entitlement following good orders for new models and the realisation that the new quota for
      DESMOND WEE/THE STRAITS TIMES  -  459 words
    • Article, Illustration
      Lock icon Fox drops US$75b takeover bid for Time Warner
      694 2 Bloomberg [NEW YORK] Rupert Murdoch’s 21st Century Fox withdrew its unsolicited takeover offer of US$75 billion for Time Warner on Tuesday, giving up after the attempt to reshape the media industry sent Fox shares tumbling. Mr Murdoch, Fox’s billionaire chairman, said he
      Bloomberg; PHOTOS: REUTERS, AFP  -  694 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      445 2 Samudra Energy pulls IPO GLOBAL market uncertainty and concerns over a share price drop after listing has prompted Samudra Energy to pull the plug on its IPO, though others point to more company-specific factors. FRONT PAGE Car distributors close ranks VIRTUALLY the whole motor industry met quietly on
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    • Article
      Lock icon China and housing loans in focus at banks’ Q2 results
      779 4  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT [SINGAPORE] Concerns over China and mortgage loans took centre stage for the three local banks, as the lenders took great pains to pick through the details of their loans. The banking trio beat market expectations,
      779 words
    • Article
      Lock icon Russia hackers loot 1.2 billion passwords, says US security firm
      413 4 Records linked to 500m unique e-mail addresses Bloomberg [WASHINGTON] A gang of hackers in Russia has amassed 1.2 billion sets of looted user names and passwords, according to a US security company that said it is the largest known cache
      Bloomberg  -  413 words
    • Article, Illustration
      Lock icon Leng Beng’s elder son buys Jervois Rd GCB for S$18.8m
      873 4  -  This works out to about S$ 1,247 psf for 15,073 sq ft of freehold land By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Sherman Kwek, chief investment officer of City Developments, has picked up a Good Class Bungalow for S$18.8 million. This
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      142 4 The HEAD Foundation is pleased to present a free public lecture entitled Running Companies through Humanistic Approaches with PROFESSOR FU PING PING SCHOOL OF BUSINESS CHINESE UNIVERSITY OF HONG KONG Most people believe that Chinese firms are interested only in making money but more and more firms in China are
      142 words
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      17 4 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sembcorp Q2 profit up 8.3% at S$179m
      597 5  -  Utilities slow but marine unit, Nanjing urban project put up a good show Reports by MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SEMBCORP Industries saw its second-quarter net profit rise 8.3 per cent to S$179 million, from S$165.4 million for the corresponding period last year, due
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    • Article
      Lock icon One-off gain for Rickmers doubles Q2 net to US$16m
      564 5 MAINBOARD-LISTED Rickmers Maritime’s secondquarter net profit more than doubled to US$16 million, from US$7.7 million a year ago, due to a one-off gain. Its charter revenue for the three months ended June 30 dropped 10 per cent year-on-year to US$31.5 million
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    • Article
      Lock icon Disclosure of use of IPO proceeds – better rules needed
      782 7  - Disclosure of use of IPO proceeds better rules needed HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT is not unreasonable for an investor in an initial public offer (IPO) to be told clearly where his or her money is to be deployed. It is not unreasonable to expect this
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    • Article
      Lock icon Biosensors posts 18% Q1 profit fall, sees more competition ahead
      351 7  -  Revenue rises 5% but costs and expenses also go up By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT BIOSENSORS International Group yesterday posted an 18 per cent fall in its first-quarter net profit on higher costs and expenses. The medical device manufacturer also
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    • Article
      Lock icon Transformation reaping results for Rowsley
      442 7  -  B)’ CLAIRE HUANG huangjy@sph.com.sg @C|aireHuangBT MAINBOARD-listed Rowsley has continued to grow in the second quarter ended June, posting a net profit of S$6.1 million, as it continues to transform itself from an investment holding firm into a real estate company. In the same period last
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    • Article
      Lock icon Yongnam sinks into the red in Q2
      396 7  -  By CARINE LEE By carinel@sph.com.sg @CarineLeeBT SQUEEZED by lower revenue and tight margins, Yongnam Holdings ended its fiscal second quarter on a limping note. The structural steel contractor and specialist civil engineering solutions provider yesterday posted a net loss of S$5.26 million for
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    • Article
      Lock icon Singapore Reits’ winning streak appears to have faded
      509 8  -  Sector has underperformed against the market this quarter By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE performance of Singapore real estate investment trusts (S-Reits) has simmered down somewhat in the quarter-to-date, compared to their euphoric price upsurge in Q2. This quarter, S-Reits appear to
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    • Article
      Lock icon Creative restructures, narrows Q4 loss
      216 8  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT CREATIVE Technology narrowed its net loss for its fiscal fourth quarter, thanks mainly to higher tax credits. It also undertook a restructuring exercise in the quarter that resulted in a cut in worldwide headcount. Net loss for the three months
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    • COMPANY BRIEFS
      • Article
        Lock icon Heeton’s Q2 earnings down 29.8%
        67 8 PROPERTY developer Heeton Holdings recorded a 29.8 per cent fall in net profit for the second quarter ended June 30 to S$4.44 million, as the rise in cost outpaced that of revenue. Revenue jumped more than three times to S$22.8 million from US$6.1 million, while
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      • Article
        Lock icon UMS Q2 profit falls 8% on weaker sales
        58 8 NET profit for UMS Holdings fell 8 per cent for the second quarter ended June 30, 2014, to S$7.23 million, on the back of weaker sales. Revenue for the semiconductor equipment maker was down 13 per cent at S$28.7 million, due to
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      • Article
        Lock icon CapitaMall Trust unit issues S$300m notes
        83 8 CAPITAMALL Trust (CMT) said yesterday that wholly owned subsidiary CMT MTN Pte Ltd has issued S$300 million worth of fixed rate notes to institutional and sophisticated investors. The notes, which will pay an interest at the rate of 3.48 per cent per annum, will
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    • Article
      Lock icon Chip Eng Seng’s Q2 profit soars
      278 8  -  By AMANDA EBER aeber@sph.com.sg STRONG contributions from Singapore-based construction and property group Chip Eng Seng Corporation’s construction and property developments divisions have boosted its earnings for the second quarter. The group reported a net profit of S$ 18.6 million for the second quarter ended
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    • Article
      Lock icon Another strong quarter for Rotary
      266 8  -  By CAI YONG caiyong@sph.com.sg HELPED by the pick-up in momentum this year, Rotary Engineering’s secondquarter net profit more than doubled to S$13.1 million, from S$5.1 million a year ago. The April-June results brought first-half net profit to S$27.4 million, against the previous corresponding period’s $7.64
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      200 5 EXCLUSIVE FREEHOL PA SIXTH E RESIDENCES rtmm EP' an wm t s' *7 m V FT iSe. I ms -y 3S 5SEt». JiL* :nt Esmm ■•r-vi to-.- A HOME OF VALUE FOR GENERATIONS. Freehold landed residences at a pnestigious address in Sixth Ave District IO 32 exclusive residences with genenosity
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI loses almost all of Tuesday gains
      596 6  -  Fall of 7.4 points is attributed to Wall Street’s overnight decline and funds cashing out STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALL Street’s fourth loss in five trading sessions on Tuesday and its eighth in 10 was said to be responsible for
      Source: Bloomberg  -  596 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Aug 6 VALUE CLOSE BT OB/OS -808.00 -204.00 BT CADI -*****.00 -165.00 BT 10-day MA -*****.00 -81.00 FTSE ST Mid Cap 772.38 -3.06 FTSE ST Small Cap 550.80 -2.62 FTSE ST All Share 806.66 -2.18 FTSE ST China Top 196.06 -1.74 FTSE ST China 225.44 -2.14 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 0 10 2 0 0 0 0 10 2 Manufacturing 36 60 45 6 13 8 42 73 53 Commerce 11 33 21 3 10 7 14 43 28 Tpt/Stor/Comms 11 20 12
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    • Article
      Lock icon BROKERS’ TAKE
      1019 6  -  Compiled by ANDREA SOH Capita Land Aug 6 close: S$3.37 OCBC Investment Research, Aug 6 CAPITALAND’s Q2 2014 profit after tax and minority interests (Patmi) increased 14.5 per cent y-o-y to S$438.7 million, mostly due to improved operating profits, higher revaluation gains from investment properties and write-back of
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,610 7,610 33,944 33,944 Manufacturing 262,813 36,931 299,744 143,298 4,730 148,028 Commerce 59,534 74,383 133,917 58,153 5,242 63,395 Tpt/Stor/Comms 101,508 390 101,898 131,533 46 131,579 Finance 25,056 4,534 29,590 192,645 1,512 194,157 Construction 50,217 52,866
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.290 -0.010 CapitaLand 3.370 -0.070 CapitaMall Trust 1.955 CityDev 10.03 -0.120 ComfortDelGro 2.590 -0.060 DBS Grp 18.37 +0.050 Genting Sing 1.320 -0.015 Global Logistic 2.710 -0.080 Golden Agri-Res 0.535 +0.005 HPH Trust USD 0.695 HongkongLand USD 6.810 -0.060 JMH 400
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    • Article, Illustration
      Lock icon US$ hits 9-month high against euro; yen up
      493 6 CURRENCIES Bloomberg [LONDON] The US dollar yesterday rose to the strongest level in almost nine months against the euro, as signs that the US economy is strengthening and tensions over Ukraine are increasing the appeal of American assets. The US currency appreciated
      Bloomberg; PHOTO: BLOOMBERG  -  493 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME IHC 73,946,000 APAC Strategic 67,025,000 Chiwayland Intl 59,853,000 Alliance Mineral 50,335,000 Advance SCT 48,679,000 Charisma Energy 45,217,000 Blumont 31,131,000 ThaiBev 29,764,000 Global Logistic 29,174,000 Armarda 28,595,000 VALUE($) OCBC Bank 81,315,020 Global Logistic 79,615,778 DBS Grp 53,296,502 UOB 43,886,230 SingTel 41,546,710 CapitaLand 33,591,160 Chiwayland Intl 30,555,315 Sembcorp
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    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 78.6 0.5 DBXT AUD Bonds 5AU$ ***** 59.3 0.3 DBXT iBoxxUSTr 5US$ ***** 32.4 0.1 DBXT S&P Short 10US$ 2439 25.0 0.8 DBXT USDIGInfl 5US$ ***** 15.0 0.0 OCBC Bank 1010 14.0 1.4 DBXT iBoxxSing 5SG$ ***** 10.0 0.1 Venture Corp
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    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN SPDRS S&P 500 10US$ ***** -264.5 -1.1 DBXT Nifty 10US$ ***** -217.1 -1.3 Lyxor Indonesia10US$ 9280 -175.9 -1.5 SPDR DJIA 10US$ ***** -175.9 -0.9 DBXT iBoxxSvEu 5US$ ***** -139.7 -0.4 DBXT E50 10US$ 5087 -128.5 -2.0 DBXT iBoxxKR 5US$ ***** -99.8 -0.5 DBXT MSJAP 10US$
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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      1727 7 Company Registration Number: ***** FORELAND FABRICTECH HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) (“the Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Centennial Tower, Level 21, Banyan Room, 3 Temasek Avenue Singapore *****0 on
      1,727 words
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      287 8 ST Seminar Showcase 2014 Singapore Malaysia Tl Ua.lt. Raffles City Convention Centre, Stamford Ballroom Level 4 Sunday, 31 August 2014 8.30am 5.00pm SEMINAR TOPICS SPEAKERS SHOWCASE FEATURED DEVELOPERS *Early bird prices end 10 August 2014 -r-7 Private Residential Market in 2H2014 to 2015 Is further price cut expected? Alan Cheong
      287 words
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  • SINGAPORE NEWS
    • Article
      Lock icon MOH ramps up development of nursing sector
      502 9  -  Recommendations submitted to health minister by nursing taskforce By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT NURSES in the public healthcare sector can look forward to higher salaries and more avenues for career development and education, as the Ministry of Health (MOH) introduces initiatives aimed at
      502 words
    • Article
      Lock icon GIC, Baring Asia said to be in talks to buy into India mortgage lender
      198 9 Reuters [MUMBAI] Baring Asia and Singapore’s GIC are in separate talks to invest about US$175 million to buy the 49 per cent stake in India’s PNB Housing Finance Ltd currently held by investment firm New Silk
      Reuters  -  198 words
    • Article, Illustration
      Lock icon Goodbye to pores, pimples and pigmentation
      964 9  -  That’s what PPP Laser Clinics customers say at its 30-odd clinics opened in just 3 years, both here and abroad. ByNG NG ZHUO YANG Although the birth of ppp Laser Clinics happened largely by accident, its success since then is certainly not due to
      PHOTO: YEN MENG JIIN  -  964 words
    • Article, Illustration
      Lock icon ERA and friends dance their way to new Singapore record
      212 9 ERA Realty, the largest real estate company here, was in a patriotic mood on Tuesday ahead of National Day this weekend, as it made it into the Singapore Book of Records for the largest mass cane dance. About 1,200 of
      212 words
    • Article
      Lock icon MOM punishes 174 companies for workplace safety violations
      423 9  -  By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT THE Ministry of Manpower (MOM) has taken action against 174 companies for 353 workplace safety violations uncovered during a month-long Workplace Safety and Health (WSH) enforcement operation earlier this year. Surprise inspections were carried out at 250
      423 words
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      Lock icon Page 9 Advertisements Column 1
      85 9 This profile is the second of a series of features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an annual
      85 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Malaysia’s exports growth in June slows down to 8%
      497 10  -  Fall attributed to weak West recovery and lower demand from China, Japan By in PAULINE NG in Kuala Lumpur MALAYSIA’S exports growth moderated to 8 per cent year-on-year in June, led by a contraction in demand from China and Japan and
      497 words
    • Article
      Lock icon China Mobile eyeing 20% stake in Axiata: sources
      471 10 At US$3.7b, it would be biggest telecom deal in S-EA since ’07 Bloomberg [KUALA LUMPUR] China Mobile Ltd has held talks about purchasing a minority stake in Axiata Group Bhd, Malaysia’s largest wireless carrier by market value, people with knowledge of the
      Bloomberg  -  471 words
    • Article, Illustration
      Lock icon Prabowo: ‘0’ vote at some stations can only happen in N Korea
      525 10 AFP [JAKARTA] Former general Prabowo Subianto has angrily compared Indonesia to a “totalitarian country like North Korea” at the start of a legal challenge to the results of the country’s presidential election, as hundreds of flag-waving supporters staged
      AFP; PHOTO: REUTERS  -  525 words
  • Page 10 Advertisements
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      608 10 Advance Your Career With Great Leadership, Networking And Higher Productivity Skills Who should attend: Sales, marketing and working professionals; supervisors, managers, team leaders and other general managers; executives; business owners, and anyone who wishes to achieve higher success in their career. Productivity ar >d Innovation Credit (P/q Claimable 201 4
      608 words
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  • SINGAPORE ACCOUNTANCY AWARDS
    • Article, Illustration
      Lock icon A profession takes a bow
      755 11  -  The inaugural Singapore Accountancy Awards seeks to recognise excellence and inspire the profession to greater heights, reports FRANCIS KAN FOR one night last month Singapore’s accountants swapped their spreadsheets for champagne flutes to celebrate excellence in their chosen profession. The winners of the inaugural Singapore
      755 words
    • Article, Illustration
      Lock icon Recognising professional excellence
      583 11 THE Singapore Accountancy Awards comprises two categories, the Individual Excellence Awards and the Business Excellence Awards. The Individual Excellence Awards include the Accountant of the Year and Young Accountant of the Year awards. The Business Excellence Awards are made up of the Practice of the Year, Technical
      583 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Top China analyst sees anti-graft dividend
      922 12 Shanghai index to gain 15% from anti-corruption drive, says Value Partners boss Bloomberg [SHANGHAI] China’s anti-graft drive has got Cheah Cheng Hye more bullish on mainland stocks than at any time since valuations plunged in the global financial crisis six years ago. The chairman
      Bloomberg  -  922 words
    • Article
      Lock icon Modi’s task: paving the way for private-public partnerships
      650 12 Urgent reforms key to draw investors to infrastructure sector Reuters [NEW DELHI] India’s new government is betting on Prime Minister Narendra Modi to replicate his relative success with regional infrastructure projects to ensure fewer public-private partnerships (PPP) stall for want of land.
      Reuters  -  650 words
    • Article, Illustration
      Lock icon Audi, Chrysler found flouting antitrust law
      298 12 Reuters [SHANGHAI] China said that it will punish foreign car makers Audi and Chrysler as well as some 10 Japanese spare-part makers for violating the country’s an-ti-monopoly law. The National Development and Reform Commission (NDRC), responsible for enforcing rules against anti-competitive pricing, said yesterday
      Reuters; PHOTO: AFP  -  298 words
    • Article
      Lock icon Samsung mobile phone sales in China, India overtaken by local rivals
      379 12 Bloomberg [SEOUL] Samsung Electronics Co, the global leader in mobile-phone sales, is being outflanked in the two biggest markets by newcomers catering to domestic tastes. Xiaomi Corp became the largest smartphone vendor in China during the second quarter, while
      Bloomberg  -  379 words
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      54 12 HOT PROPERTY jj s cZ\, g Tfi M/ 2 toW/es. Near amenities, mr/ lrmTpe„ f R h EN s C 3 N Also for sa,eSf u 3 M V g e9 APARTMENTS FOR RENT Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED
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      141 12 C \< 70 /Si/eau ■air Singapore Gifts Premiums Fair 2014 .vV »r> vf* Visit O O Wn to More than $15 000 worth of prizes for grabs! up Be rewarded with chances to win* attractive prizes when you attend SGPFair OEA 2014. Stand a chance to win a cruise with
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      21 12 Now on PC, iPad Android COME SAIL AWAY Ask your local bookshop or get your copy by subscribing today Visitwww.asia-pacificboating.comor emailsub@bluincmedia.com
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      140 13 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE. SUBSCRI BE NOW AND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN FULLY REDEEMED -An Dell Inspiron 20' 3000 Series AIO (Touch) 2 YEAR PLAN Sony SmartWatch2 OR JTJ&d' SPH TURNS 30! Enjoy our 30th Anniversary
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  • WORLD
    • Article, Illustration
      Lock icon Samsung, Apple call end to patents war outside US
      661 14 But they’ll continue ongoing US litigation involving far bigger potential damages Reuters [SEOUL] Samsung Electronics Co Ltd and Apple Inc said yesterday that they have agreed to drop all patent litigation outside the United States, scaling down a protracted legal battle
      Reuters; PHOTO: REUTERS  -  661 words
    • Article
      Lock icon German factory orders unexpectedly slump amid geopolitical risks
      401 14 Bloomberg [FRANKFURT] German factory orders dropped by the most in more than 21/2 years in a sign that geopolitical tension with Russia is leaving its mark on Europe’s largest economy. Orders, adjusted for seasonal swings and inflation, slid 3.2 per cent in
      Bloomberg  -  401 words
    • Article, Illustration
      Lock icon Publisher of USA Today to split up print and TV units
      515 14 Revamp highlights profit gap between digital, newspapers NYT [NEW YORK] The splintering of print and television companies in the media industry continued unabated when the Gannett Co announced that it would spin off its newspaper division, which includes USA
      NYT; PHOTO: BLOOMBERG  -  515 words
    • Article
      Lock icon S Korea encouraging businesses to raise wages, dividends
      527 14 Firms increasing pay next year more than in previous years could get tax breaks Bloomberg [SEOUL] South Korea will offer tax breaks to encourage businesses to increase wages and dividends as President Park Geun Hye seeks to spur domestic demand to support
      Bloomberg  -  527 words
    • Article, Illustration
      Lock icon Frontier funds buying Vietnam as growth revives
      539 15 Bloomberg HANOI Frontier-market equity funds from Sweden to South Africa are pouring money into Vietnamese stocks, lured by South-east Asia’s cheapest valuations and an improving outlook for economic growth. Overseas money managers bought a net US$277.1 million of the country’s shares this year
      Bloomberg; PHOTO: REUTERS  -  539 words
    • Article
      Lock icon Britain moots jail for energy market abuse
      350 15 Proposals to safeguard consumers in line with financial market rules Reuters [LONDON] The British government has proposed penalties including potential prison terms for people who manipulate the gas and electricity markets. Energy regulators can currently investigate and fine people found breaching rules on
      Reuters  -  350 words
    • Article
      Lock icon Groupon's forecast trails estimates
      579 15 Investments in new strategy to switch to e-commerce retail cutting into profits Bloomberg [PORTLAND] Groupon Inc’s transition from daily-deal e-mails to e-commerce retail isn’t going smoothly, with investments in the strategy cutting into profits. The company forecast third-quarter earnings of as much as 2 US cents
      Bloomberg  -  579 words
    • Article, Illustration
      Lock icon Sprint said to end T-Mobile discussions
      753 16 Regulatory concerns outweigh the potential benefits of merging the carriers Bloomberg [NEW YORK] Sprint Corp ended talks to acquire T-Mobile US, a person with knowledge of the matter said, as regulatory concerns outweighed the potential benefits of combining the third and fourth-largest US wireless
      Bloomberg; PHOTO: REUTERS  -  753 words
    • Article, Illustration
      Lock icon Failed Time Warner buyout to hit investors
      495 16 Reuters [NEW YORK] Many options traders who had taken bets on a successful buyout of Time Warner by Rupert Murdoch’s 21st Century Fox are facing a grim lesson in the risks of betting on deals. Mr Murdoch pulled the US$80 billion offer after
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    • BRIEFING
      • Article
        Lock icon US$5.9b expansion plans for Thai firm Indorama
        150 16 Reuters [BANGKOK] Thailand’s leading polyester producer Indorama Ventures yesterday said it plans to invest up to US$5.9 billion in several projects to expand capacity between 2014 and 2018. In addition to an already announced capital expenditure of US$2.5 billion, Indorama plans to spend
        Reuters  -  150 words
      • Article
        Lock icon StandChart first half profit up 8.4%
        112 16 AFP [HONG KONG] Standard Chartered yesterday said its year-on-year profit for the first half of 2014 was up slightly at 8.4 per cent, but confirmed it faces fresh US fines over alleged breaches of money laundering regulations. Net profit stood at US$2.31 billion for
        AFP  -  112 words
      • Article
        Lock icon PLDT to invest US$400m in German firm
        99 16 Bloomberg [MANILA] Philippine Long Distance Telephone (PLDT) is planning to invest about US$400 million in Rocket Internet as the German company prepares for an initial public offering, according to three sources. Makati City-based PLDT and Rocket an investor in online startups plan to
        Bloomberg  -  99 words
      • Article
        Lock icon Portugal bank rescue helps Brazil unit investors
        138 16 Bloomberg [SAO PAULO] Portugal’s rescue of Banco Espirito Santo is poised to wipe out the losses suffered by investors in the bank’s Brazilian unit. BES Investimento do Brasil’s US$395 million of notes due 2015 have jumped 3 per cent to 97.35 cents on
        Bloomberg  -  138 words
    • Article
      Lock icon June trade deficit dips to 6-month low at US$41.5b
      393 16 Gap down 7%, as oil imports sink to lowest in 3½ yrs LATEST US DATA Re uters [WASHINGTON] The US trade deficit narrowed more than expected in June as petroleum imports dropped to a 3½-year low, suggesting that trade was less
      Reuters  -  393 words
    • Article
      Lock icon Walgreen buying Boots for US$15.3b, stays put
      254 16 Bloomberg [NEW YORK] Walgreen, the biggest US drugstore chain, said it plans to buy all of Alliance Boots for about US$15.3 billion and won’t use the deal to move its tax address abroad. Walgreen already owns 45 per cent of Bern, Switzer-land-based Boots,
      Bloomberg  -  254 words
    • Article
      Lock icon Ecclestone hails capitalism after bribery trial deal
      244 16 AFP [BERLIN] Formula One tycoon Bernie Ecclestone yesterday rejected criticism of his US$100 million payment to end his trial in Germany on bribery charges and praised the capitalist system. A day after the court case in Munich was spectacularly halted, the British billionaire
      AFP  -  244 words
    • Article, Illustration
      Lock icon Britain looking into ways to regulate virtual currencies
      564 17 It is part of a study on boosting financial innovation to retain London’s lead status Reuters [LONDON] Britain yesterday took its first steps toward regulating the rapidly expanding use of virtual currencies, launching a study to look at the opportunities and risks
      Reuters; PHOTO: REUTERS  -  564 words
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      19 14 klSS92 FM place one in songs great the All I > m IN THE MORNING -WEEKDAYS 6AM-10AM D facebook.com/kiss92fm www.kiss92.sg
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      37 14 AUGUST ISSUE OUT NOW! IN THIS ISSUE THINGS YOU MAY NOT KNOW ABOUT AMAZON I# 1 FROM E3 TO E-SPORTS, GAMING GOES MAINSTREAM BUSINESS ULTRABOOKS COMPARED Enjoy20% OFFwhen you subscribe to the print edition now! Visit www.hardwaremag.com
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      92 15 A UM Only the most divine desserts and pastries will do for Hsueh Yun and Rebecca. Read their reviews in Life!, SundayLife! and in the SoShiok app. I .THE STRAITS TIMES, you are W" Sweet mm vv vjvj vj Dreams ms V.. A Tan Hsueh Yun Food Editor Rebecca Lynne
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      2677 17 The Business Times Ik I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices ffsph.com.sg J J j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CASSIA FOUNDATION SERVICES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.
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  • EDITORIAL & OPINION
    • Article
      Lock icon Haze pollution law is a positive first step
      513 18 EDITORIAL THE Transboundary Haze Pollution Act passed in Parliament on Tuesday will help Singapore fight the annual haze arising out of primitive deforestation methods in Indonesia, but it cannot be the whole answer. Through the legislation, errant companies can be fined up
      513 words
    • Article, Illustration
      Lock icon Boom times for the armaments industry
      727 18  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent The writer is the author of ‘Butterfly Battle The Story of the Great Insect War’, an anti-war children’s novel THESE are boom times for merchants of misery. Cynical politicians issue humbug demands for peace in Syria, Gaza,
      727 words
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      Lock icon Look before you leap into a merger or acquisition
      1131 18  -  Acquiring companies can be saddled with big penalties if they miss hidden liabilities By BELINDA TAN, SIM GEOK KWONG The writers are, respectively, executive director and associate director at Deloitte Forensic Singapore and Southeast Asia. This article reflects only their views
      PHOTO: BLOOMBERG  -  1,131 words
    • Article, Illustration
      Lock icon Achieving millennium development
      972 19  -  The Asia-Pacific region must unlock fiscal space to drive inclusive and environmental-friendly growth By SHAMSHAD AKHTAR The writer is an under-secretary-general of the United Nations and executive secretary of the Economic and Social Commission for Asia and the Pacific. She is also the UN's Sherpa for the
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    • Article, Illustration
      Lock icon Dear guests... Pls do not return to your routines
      969 19  - Dear guests Pls do not return to your routines By THOMAS L FRIEDMAN NYT AT 6.02 am on Saturday, the air raid siren sounded over Tel Aviv. I was rousted by the hotel staff from my room and ushered into the windowless service elevator area with two French families, everyone
      NYT  -  969 words
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      Lock icon Buzz in Indian e-retail masks tough reality
      767 19  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes to BT E-COMMERCE is said to be the wave of the future. It has already acquired critical mass in the US, Europe and China. Though it reports a roaring 34 per cent compounded
      767 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Dutch firm to head MH370 search off Australia
      553 20 Reuters [SYDNEY] Dutch engineering firm Fugro will lead the search of the Indian Ocean seafloor where missing Malaysia Airlines Flight MH370 is believed to have crashed, hoping to unlock the greatest mystery in modern aviation. Australia yesterday awarded Fugro the lead commercial
      Reuters; PHOTO: REUTERS  -  553 words
    • Article
      Lock icon Egypt in ambitious Suez Canal makeover
      488 20 NYT [CAIRO] When the Suez Canal opened in 1869, it had taken hundreds of thousands of Egyptian workers 10 years to complete it. On Tuesday, President Abdel-Fattah el-Sissi said he was ready to build another one. At a lavish groundbreaking ceremony that included a
      NYT  -  488 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 20 SGX '000 Aug 06 S$ +/-Vol Ch Offshore 0.48 -0.01 690 Chuan Hup Hldg 0.29 unch 137 '000 Cwt Limited...............1.69 0.01 179 S$ First Ship Lea 0.09 unch 15 Grand Banks 0.27 unch 2 Jaya Hold Ltd K1Ventures................0.20 -0.01 451 Keppel Corp 10.85 -0.04 2184 Mercator Lines 0.09
      238 words
    • Article
      Lock icon June passenger traffic growth slows to 4.7%
      479 20  -  Asia-Pac airlines post 4.9% increase in June and 6.1% in the first half: Iata By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Global passenger traffic expanded 4.7 per cent year on year in June, down from the 6.2 per cent growth registered in May, although
      479 words
    • Article
      Lock icon Indonesia’s Lion Group breaks into aircraft leasing industry
      396 20 It inks deal to lease 3 B737-800 planes to China’s 9 Air Reu ters [SINGAPORE] Indonesia’s Lion Group, which boasts an order backlog of about 500 Boeing and Airbus aircraft, has clinched the first deal for its leasing subsidiary in a key
      Reuters  -  396 words
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      29 20 LOOKING BACK SeniorSingaporeanson howthecountryhas evolvedover theyears PUNJABIS HAVE TEA WITH tabla! AT TANDOOR GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      16 20 www.omy.sg A ft showbiz.omy.sg Download omy Apps 0S&0 0(K0 iliSSrt omy Showbiz OS AppStore Google Play
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      353 20 CRYPTIC CROSSWORD Across 1 What’s blocking criminal courts I bet around five? (11) 9 Crossing river is low northern ass (5) 10 How indiscriminate tourist might pack for whatever happens (2,3,4) 11 Wine from second retailer running short (7) 12 Find in diary new expression describing far-sighted policy? (4-4) 14
      353 words
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  • Article
    Lock icon SHIPPING TIMES
    1193 21 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 21 Advertisements
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      81 21 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4161 22 Transaction date: Aug 6 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 97.5 69 ABR 20 5.1 A-Sonic Aero (’000) High Low Buyer Seller Div Gr Yld C'vr 13.7
      4,161 words
    • Article
      Lock icon SGX CATALIST
      499 23 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 32.5 23 t 3Cnergy 500 s; Si^ 10 3gSSis ps 2S2^r £23£T 43.5 28 t Alliance Mineral...............................32 +3.5 ***** 33.5 28 31.5 32 126.1
      499 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10621 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Aloha EuncTCI A! Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)!* 1.27/ Aberdeen Asset Mat Asia Limited Global Emerging Markets!** 0.9895/ 2 0874/ China Opportunities 2 941/ EM Local Ccy Bond AllianceBernstein
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    • Article
      Lock icon GLOBALQUOTE
      249 23 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 62 43 AVJennings A55 +1 5 55 55 55 56.5 3.6 6.4 4.5 203.6 Company 343 250 TanChongInt HK316 -2 57 319 316 315 318 9.7 3.3
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    • Article
      Lock icon SGX ETF
      1127 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Company 135.5 119 CIMB APAC Div 100S$D 135 5 135 135 132.7 135.3 108.4 94 CIMB APAC Div 100US$ US107.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      661 24 Aug 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.00 *****.14 *****.43 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Dec14 *****.00 *****.00 *****.00 *****.00 1 ***** MSCI TAIWAN INDEX FUTURES SPOT 328.44 331.19 327.44 Aug14 326.40 328.20 324.60 328.10 ***** *****9 Sep14 326.40
      661 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 5 Index Change Change Change Change Change Change World Preliminary 1217.7 -0.3 2.8 -0.1 1.5 -0.3 2.6 EAFE Preliminary 953.2 -0.2 -0.3 -0.1 -1.6 -0.4 -0.5 Europe Preliminary 1352.9 0.1 -0.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Aug 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.022 5.744 0.697 7.223 57.031 109.364 0.955 9.634 2.979 1.103 92.053 40.745 1.163 10.031 0.847 27.985 29.958 0.553 0.932 Canada 0.978 5.619
      471 words
    • Article
      Lock icon SIBOR
      39 24 Aug 6 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 24 Aug 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.14 5-Year NX*****W 2.5 01-Jun-19 105.85 105.95 105.95 10-Year NY*****H 3.000 01-Sep-24 105.21 105.30
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    • Article
      Lock icon PRECIOUS METALS
      120 24 Aug 06 GOLD(US$/oz) Aug 06 Aug 05 Hong Kong 1294.00 1297.00 Aug 05 Aug 04 London 1283.77 1288.25 1284.52 1289.15 Source: Thomson Reuters CAST BAR Aug 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 311 256 10gm 579 515
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    • Article
      Lock icon PALM OIL
      57 24 Aug 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 14 2316.0 2318.0 2320.0 2313.0 55 1361 Sep 14 2289.0 2279.0 2294.0 2274.0 1202 ***** Oct 14 2253.0 2247.0 2262.0 2239.0 ***** ***** Nov 14 2253.0 2244.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Aug 6 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1625 1.1630 0.9318 0.9321 Canadian dollar 1.1374 1.1376 0.9117 0.9117 Euro 1.6682 1.6685 1.3371 1.3373 NZ dollar 1.0537 1.0542 0.8446 0.8449 Sterling pound 2.1032 2.1041 1.6858
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Aug 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.160 1.116 Euro 1.708 1.627 Sterling pound 2.147 2.065 NZ dollar 1.078 1.037 US dollar 1.273 1.213 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 24 Aug 6 $S Offer Bid 0vernight 0.01 par 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Aug 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 14 1222.75 1232.50 1226.75 1215.50 Sep 14 1081.50 1095.25 1090.00 1074.75 Nov 14 1065.75 1079.50 1075.50 1058.50 Jan 15 1074.25 1088.00 1083.25 1067.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 14
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    • Article
      Lock icon LIFFE
      95 24 Aug 5 COCOA (£/tonne) Close Prev High Low Sep 14 2007 2013 2025 1994 Dec 14 1987 1987 2000 1973 Mar 15 1945 1943 1958 1936 May 15 1930 1928 1943 1921 COFFEE(US$/tonne) Close Prev High Low Sep 14 2009 2007 2035 2000 Nov 14 2007 2008 2034 2000
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      950 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -57 3.82 47 Asia-Pacific Strategic W*****6 3.8 -0.1 8608 1 2 57 Ratio Exer Ascendas REIT MB eCW*****3 2.4 0.2 230 3 Asiatic Grp(Hldgs) Ltd
      950 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Aug 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.61 -0.92 WTI (Near Mth) 97.37 -1.21 Dubai (1-Mth F) 103.75 -0.04 Tapis blend 107.51 0.26 Minas 103.21 0.26 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.72 -1.67 Jet Kerosene 117.93 -0.41 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Aug 6 S$ Bid Offer 1-month 1.2476 1.2477 2-months 1.2476 1.2477 3-months 1.2475 1.2477 6-months 1.2474 1.2475 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 24 Aug-05 Aug-05 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1998.75 2013.75 3 months 2013.00 2029.00 Copper, Grade A(US$/tonne) Cash 7064.50 7133.50 3 months 7055.00 7130.00 Lead(US$/tonne) Cash 2230.00 2269.50 3 months 2238.00 2279.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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  • PROPERTY
    • Article, Illustration
      Lock icon Blackstone’s Hilton LBO hits sweet spot
      931 25 Franchising deals, cost cuts help hotel group reduce debt by more than 40% Bloomberg [NEW YORK] Blackstone Group’s Hilton Worldwide Holdings is emerging as one of the few bright spots from the leveraged-buyout (LBO) boom as the hotelier claws its way out of junk
      Bloomberg; PHOTO: BLOOMBERG  -  931 words
    • Article
      Lock icon Househunt
      1068 25 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 27 WITH CONTRACT DATES BETWEEN JUNE 25 AND JULY 1, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 26/06/2014 99 700 1656 2367 District 3 NON-LANDED Alex
      1,068 words
    • Article
      Lock icon M-Reits unfazed by quarter-point rate hike
      509 26  -  AllianceDBS says that’s because their loans are mostly fixed-rate REITS By PAULINE NG in Kuala Lumpur MALAYSIAN Reits remain a sound defensive choice for investors as they are expected to yield steady returns, with the recent 25 basis point interest rate hike seen as
      509 words
    • Article, Illustration
      Lock icon Self-storage trusts are the hottest Reits in US
      1037 26 Investors pouring into asset class in the search for yield Bloomberg [SEATTLE] Kelsey Smith is a single mother who works as a waitress in Midvale, Utah, and lives with a roommate in a small apartment in the Sugar House neighbourhood of Salt
      Bloomberg  -  1,037 words
    • Article, Illustration
      Lock icon Start-up uses Web to help towns market their property
      756 27 Publicly owned real estate for sale put up in online database with essential info NYT [NEW YORK] Two public policy graduates at the Kennedy School at Harvard University are trying to build a business of helping municipalities with a task at
      NYT; PHOTO: BLOOMBERG  -  756 words
    • Article
      Lock icon US real estate website Zillow’s Q2 sales rise 68% to US$78.7m
      513 27 Portal bidding for rival Trulia beats analyst estimates Bloomberg [NEW YORK] Zillow Inc, the real estate website that’s acquiring smaller rival Trulia Inc for US$3.5 billion, reported second-quarter sales that topped analysts’ estimates as traffic increased and more agents
      Bloomberg  -  513 words
    • Article
      Lock icon Malaysia facing a towering problem
      946 28  -  There is anxiety over a building glut in Kuala Lumpur and Iskandar By S JAYASANKARAN in Kuala Lumpur A SINGLE constant racket sounds across Peninsular Malaysia from the pile-drivers and jackhammers being wielded by workers who are building townships, apartments, malls, and ever-larger towers from
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    • Article, Illustration
      Lock icon Gross rental yields in uptick for first-half 2014
      762 28  -  But this may change, with supply of condo units coming By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] With the recent resale prices of private condos falling at a faster clip than rents, gross rental yields picked up in the first half of this
      Source: STProperty  -  762 words
    • Article, Illustration
      Lock icon Swiss property market inching closer to bubble, says UBS
      469 28 Bloomberg [ZURICH] Risks to the Swiss real estate market rose “marginally” in the second quarter as growth in home prices and mortgages outpaced that of income. The UBS Swiss Real Estate Bubble Index in AprilJune rose to 1.24 points from 1.22
      Bloomberg  -  469 words
    • Article
      Lock icon Demand from China to stay strong: Aussie realty
      564 28 It expects new home sales to hit A$1.5b from A$900m Bloomberg [SYDNEY] Ausin Group (Finance) Pty, which offers property and mortgage broking in Australia to Chinese buyers, expects to sell two-thirds more homes and to double the amount of loans it arranges
      Bloomberg  -  564 words
    • Article
      Lock icon China developers sit tight as land prices stay high
      643 28 Reuters [HONG KONG] Chinese property developers wary of poor sales amid the country’s industry downturn are giving expensive government land auctions the cold shoulder, with plots in the capital going unsold for the first time since April 2011. The poor reception
      Reuters  -  643 words
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      Lock icon Page 26 Advertisements Column 1
      700 26 For Sale by Tender S' :rr MENARA PRUDENTIAL (No. 10, Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia) Rare opportunity to acquire a freehold commercial property in the heart of KL’s “Golden Triangle” financial district Excellent potential for future repurposing amid exciting mega-urban renewal projects High occupancy anchored by a blue
      700 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      50 27 Property Developers and Equity Partners seeking to expand into Australia We offer opportunities for Joint Venture Partnerships with an established team of Property Development Professionals CALL +65 *****659 (SINGAPORE), +61 *****1813 (AUSTRALIA) OR EMAIL TO info@landdevelopmentsaustralia.com TO DISCUSS OPPORTUNITIES TO EXPAND YOUR FOOTPRINT IN THE AUSTRALIASIA REGION. LAND DEVELOPMENTS AUSTRALIA
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      Lock icon Page 27 Advertisements Column 2
      275 27 STRATA SHOPS FOR SALE 12 S l BU KIT TIM AH PLAZA PEOPLE'S PARK COMPLEX Shops facing main concourse 420 sq ft to 2,702 sq ft Near future Beauty World MRT station 6 adjoining shops facing main concourse near escalator 269 sq ft each shop (total 1,615 sq ft approx.)
      275 words
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