The Business Times, 18 September 2014

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Total Pages: 73
1 44 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Thursday, eptember 18, 2014
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  • 756 1  -  It also seeks more disciplinary powers and proposes industry-led committees By KENNETH LIM kenlim@sph.com.sg @KennethLimBT Source: SGX [SINGAPORE] Singapore Exchange (SGX) has unveiled its most detailed proposals yet on setting a minimum share price for the mainboard and on creating in-dustry-led enforcement committees.
    Source: SGX  -  756 words
  • MARKETS DIGEST
    • 65 1 GST INDEX 3,296.48 (+23.86) GST INDEX FUTURES 3,297.00 (+24.00) GSIMSCI 371.93 (+2.81) GSIMSCI FUTURES 372.20 (+3.90) US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.632 2.060 EURO (US$/S$/€ 1.296 1.637 Foreign currency per US$ S$ YEN 107.30 84.90 RM 3.217 2.547 HK$ 7.751 6.138 BAHT 32.22 25.51 RUPIAH
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    • 49 1 Wednesday Change KL COMP 1,843.78 -3.52 NIKKEI 225 15,888.67 -22.86 HANG SENG 24,376.41 +240.40 SET INDEX 1,570.64 +5.23 JAKARTA COMP 5,188.18 +57.68 MANILA COMP 7,231.84 +51.50 SEOUL COMP 2,062.61 +19.69 SHENZHEN B 967.27 +6.48 MUMBAI IND 26,631.29 +138.78 12 noon EDT Change DOW 17,146.03 +14.06 NASDAQ 4,559.31 +6.55
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    • 18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 14.862 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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  • 854 1  -  It could also affect Singapore firms with cross-border presence By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] The Organisation for Economic Cooperation and Development (OECD) has launched its ambitious plan to rein in corporates attempting to exploit loopholes in the global tax system
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    • 118 1 OPINION Liquidity not assured in ECB’s QE plan PAGE 20 PROPERTY Price gap between new ECs and private condos widening PAGE 29 M&A S’pore deals dive to US$7.7b in Q3 PAGE 6 COMPANIES STATS ChipPAC Q3 net revenue outlook bleaker PAGE 6 PURSUING VALUE Notwithstanding headwinds in the property market,
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  • TOP STORIES
    • 689 2  -  Govt to be ‘enabler’ under a masterplan for working adults to deepen job skills By LEE U-WEN leeuwen@sph .com .sg @LeeUwenBT [SINGAPORE] The government will revamp the existing Continuing Education and Training (CET) system so that Singaporeans, regardless of their
      PHOTO: LIANHE ZAOBAO  -  689 words
    • 674 2  -  6% rise breaks three-month slide; electronics slips again By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] The Republic’s export sector appears to be bottoming out as it rebounded in August to end a three-month decline, boosted by a recovery in non-electronics exports, particularly in petrochemicals and
      Source: IE Singapore  -  674 words
    • 601 2  -  By GENEVIEVE CUA gen@sph.com.sg [SINGAPORE] The wealth of Singapore’s billionaires inched up by just 1.6 per cent to US$65 billion this year, according to the 2014 edition of Wealth-X and UBS Billionaire Census. The growth rate paled in comparison to the rate at
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    • 297 2  -  By JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT [SINGAPORE] Vehicle certificate of entitlement (COE) premiums were lower in the latest round of bidding which closed on Wednesday, with the exception of the open and motorcycle categories. The premium for Category A COE
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    • 238 2  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] M1 has clarified that its customers’ credit card and bank account details were not accessible during its website security breach on Monday. Only one case of unauthorised access has been detected, which revealed the personal information
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    • 382 2 SGX’s plans for minimum share price THE Singapore Exchange (SGX) has unveiled its most detailed proposals yet on setting a minimum share price for the mainboard and on creating industry-led enforcement committees. FRONT PAGE OECD push to stop corp tax avoidance THE Organisation for Economic Co-operation and Development
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    • 375 4  -  Discussions cover developments in S’pore, HK and mainland China Reports by CHUANG PECK MING in Hong Kong PRIME Minister Lee Hsien Loong kicked off a two-day official visit to Hong Kong on Wednesday with him and Hong Kong Chief Executive Leung Chun-ying
      PHOTO: LIANHE ZAOBAO  -  375 words
    • 330 4 HONG KONG has become the second location where Singapore travellers and businessmen can get into speedily because of a mutual arrangement for automated immigration clearance. This arrangement, agreed between Singapore and Hong Kong, was announced by Singapore’s Immigration Checkpoints Authority (ICA) on Wednesday,
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    • 187 4 BT Infographics The Singapore Exchange is one step closer to implementing sweeping changes that will affect the minimum share prices of Mainboard companies as well as how listing rules are enforced. Exemptions Funds, GDRs, debt or structured warrants Cash company, suspended or allowed to trade under special
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    • 510 4  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] The Asian sports market is still in its relatively early stages of growth, said Sport Singapore chief executive officer Lim Teck Yin on Wednesday. Speaking at the opening of the Sports Matters conference
      FILE PHOTO  -  510 words
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    • 154 5 RMB Internationalisation I I I 22 September 2014 (Monday), 8:00am I I II I III St. Regis Hotel, Singapore Gaining Insight to Stay Ahead ?l m Guests of Honour: Mr. Teo Ser Luck Minister of State, Ministry of Trade and Industry Singapore H.E. Mr Duan Jie Long Ambassador of the
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  • COMPANY NEWS
    • 600 6  -  But US$61.7b total for nine months exceeds last year’s US$41.8b total By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT DEAL-making activity in Singapore moderated in the third quarter from the relentless pace seen in the first two quarters of the year. The Republic saw mergers and
      Source: Thomson Reuters  -  600 words
    • 347 6  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT TRIYARDS Holdings will be placing up to 29.5 million new shares at 70 Singapore cents each to raise net proceeds of S$19.96 million to support future growth and to augment its working capital. The engineering and fabrication solutions provider,
      FILE PHOTO  -  347 words
    • 394 6  -  Group now expects it to fall 1-3% from Q2 instead of a rise By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT MAINBOARD-listed STATS ChipPAC has revised its expected third-quarter net revenue for this year downward to between US$398 million and US$405 million, a dip of about
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    • 276 7  -  Yuan-clearing business here continues to grow fast in transaction amount and volumes By KELLY TAY kellytay@sph.com.sg @KellyTayBT THE yuan-clearing business in Singapore has continued to grow rapidly, with the cumulative clearing amount reaching 21 trillion yuan (S$4.3 trillion) from January to August
      PHOTO: BLOOMBERG  -  276 words
    • 442 7  -  Plans to have more branches, expand retail network By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT UNITED Overseas Bank (UOB) sounded a positive note over its business in China on Wednesday, with plans to boost the number of branches it operates there as well as to
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    • 364 7  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT IT’S still early days for Asia’s asset-backed securities (ABS) market, even as banks in Singapore are set to issue covered bonds, said industry players at a conference by the Asia Securities Industry and Financial Markets Association on Wednesday. “We
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    • 589 9  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT EARLIER this year, a listed company here embarked on a non-un-derwritten rights issue to raise money for investment and working capital and, presumably to enhance the attractiveness of the offer, its announcements on the rights
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    • 250 9  -  Funding comes from proceeds of new five-year secured and fixed-rate senior MTN By KELLY TAY kellytay@sph.com.sg @KellyTayBT STARHILL Global Real Estate Investment Trust (SGReit) has refinanced RM330 million (S$129.4 million) senior medium term notes (MTNs) at a lower interest cost. This was funded
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    • 598 9 Reuters [LONDON] Gold’s slide to eight-month lows over the last week has brought it within sight of a cluster of chart support lines near its 2013 lows, a breach of which could set up a slide back to US$1,000 an
      Reuters; PHOTO: BLOOMBERG  -  598 words
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    • 381 7 Today’s markets move fast. i m Financial District, New York. .*>»■ sMua Make sure you keep up. Don't miss out. Talk to your advisor about a UBS Investment Mandate. Benefit from the expertise of more than 900 analysts, economists and strategists around the globe, 24 hours a day. You keep
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  • SINGAPORE MARKETS
    • 600 8  -  Comments that a Fed statement phrase may be largely retained boost market sentiment STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent BY the time Asian markets start trading on Thursday, Western markets would already know whether the US Federal Reserve dropped “for a considerable time”
      Source: Bloomberg  -  600 words
    • 77 8 Sep 17 VALUE CLOSE BT OB/OS -807.0 +107.0 BT CADI -*****.0 +130.0 BT 10-day MA -*****.00 -81.00 FTSE ST Mid Cap 765.57 +4.00 FTSE ST Small Cap 537.48 +3.28 FTSE ST All Share 799.77 +5.47 FTSE ST China Top 195.93 +1.48 FTSE ST China 227.91 +2.33 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 2 0 0 0 9 2 2 Manufacturing 54 38 35 6 3 11 60 41 46 Commerce 22 8 18 5 7 4 27 15 22 Tpt/Stor/Comms 23 7 9
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    • 857 8  -  Compiled by ANDREA SOH Singapore Retail Reits DBS GROUP RESEARCH, Sept 17 LABOUR shortage and flagging retail sales will heighten retailers’ consolidation efforts in the year ahead. As a result of low unemployment and tightening foreign labour policies, retailers are faced with escalating costs and labour shortages, which
      Source: Bloomberg  -  857 words
    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,211 12,211 55,107 55,107 Manufacturing 243,910 80,043 323,953 112,957 8,989 121,946 Commerce 104,515 17,775 122,290 73,695 1,136 74,831 Tpt/Stor/Comms 85,387 2,167 87,554 118,649 401 119,050 Finance 19,910 415 20,325 178,285 100 178,386 Construction 45,004 173,974
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    • 125 8 Stock name Close Change Ascendas Reit 2.290 +0.010 CapitaLand 3.220 +0.040 CapitaMall Trust 1.950 -0.005 CityDev 9.790 +0.190 ComfortDelGro 2.460 -0.050 DBS Grp 18.240 +0.130 Genting Sing 1.120 +0.025 Global Logistic 2.840 +0.030 Golden Agri-Res 0.505 +0.005 HPH Trust USD 0.700 +0.010 HongkongLand USD 6.860 +0.100
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    • 390 8 CURRENCIES AFP [TOKYO] The US dollar held steady in Asia on Wednesday as investors awaited the outcome of a US Federal Reserve meeting later in the day. The greenback fetched 107.23 yen in Tokyo afternoon trade, up from 107.15 yen in New York
      AFP; PHOTO: BLOOMBERG  -  390 words
    • 58 8 VOLUME Singapore eDev 156,972,000 IHC 54,448,000 ThaiBev 47,469,000 Xpress 43,689,000 APAC Strategic 42,447,000 Metal Component 40,786,000 Golden Agri-Res 32,627,000 Genting Sing 30,847,000 Edition 28,566,000 Digiland Intl 27,401,000 VALUE($) DBS Grp 81,523,760 UOB 59,242,320 SingTel 51,296,580 Keppel Corp 35,870,142 Genting Sing 34,348,270 ThaiBev 34,255,610 OCBC Bank 29,487,200 JMH
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    • 119 8 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 232.3 0.9 DBXT AUDCS 5US$ ***** 195.7 0.8 SPDR DJIA 10US$ ***** 174.2 0.8 DBXT AUDCS 5SG$ ***** 164.0 0.7 Lyxor Indonesia10US$ 9257 133.8 1.2 DBXT MSKorea 10US$ 6403 106.1 1.3 DBXT iBoxxSvEu 5US$ ***** 75.8 0.2 DBXT MSEurope 10US$
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    • 126 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -54.3 -0.3 GLD 10US$ ***** -45.5 -0.3 DBXT AUD Bonds 5AU$ ***** -44.6 -0.2 DBXT S&P Short 10US$ 2330 -25.3 -0.9 DBXT MSJAP 10US$ 4628 -21.5 -0.4 DBXT MSINDIA 10US$ 1055 -18.9 -1.4 IS ASIA HYG100S$D 1373 -17.0 -1.2 DBXT iBoxxUSTr
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    • 4 8 DAILY
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  • Page 9 Advertisements
    • 558 9 THE THINK BIG ENTREPRENEURS CONVENTION 2014 KNOW TODAY’S CUSTOMER Discerning. Connected. Has choices. Whether you are in retail or B2B, service or F&B, your customer today is an evolved entity. Understanding her profile is only the first step to closing a sale. The more important question is how to reach,
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    • 163 9 Deutsche Bank By invitation db.com M 4th Annual Women in Asian Business Conference Leading with Incly^ion September 25, 2014 M iWbil' T i > r Featured speakers In conversation with V. Professor Mahzarin R. Banaji Richard Clarke Cabot Professor of Social Ethics, Harvard University r ,rr& A Magnus Bdcker Chief
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  • SINGAPORE NEWS
    • 527 10  -  Firm creates specialist team in S’pore to develop, test technologies By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT A YEAR after McLaren Applied Technologies (MAT) announced that it would establish its Asia-Pacific headquarters in Singapore, the company has geared up to build on its strength
      PHOTO: YEN MENG JIIN  -  527 words
    • 423 10  -  Tharman declares eight-storey campus officially open By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT ELEVEN training providers have signed up to be part of the new Lifelong Learning Institute (LLI) building in Paya Lebar to help workers boost their skills. Among them are established players such as
      FILE PHOTO  -  423 words
    • 259 10 THE National University of Singapore Faculty of Law (NUS Law) on Wednesday announced the establishment of the Amaladass Professorship in Criminal Justice with a lecture by Ho Hock Lai, the first professor appointed to the post. Speaking to more than 100
      259 words
    • 517 10 Reuters [MUMBAI] Business sentiment among Asia’s top companies fell sharply in the third quarter, weighed down by worries about China’s slowing economy, a possible end to the US Federal Reserve’s stimulus policy and a decline in the outlook for regional economic
      Reuters  -  517 words
    • 393 10  -  Survey shows 96% of them engage in data mining By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT SAY, one fine Sunday afternoon, feeling fatigued, you stroll into a cafe in town, order an espresso, and then proceed to pay for it by swiping your credit card
      Source: Robert Half  -  393 words
    • 316 10  -  By KELLY TAY kellytay@sph.com.sg @KellyTayBT DESPITE signs that global trade conditions are gradually improving, confidence in Singapore’s trade flows has dipped slightly from six months ago, according to an HSBC report. Singapore’s latest Trade Confidence Index (TCI) fell five points, from a two-year
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  • MALAYSIA
    • 554 12  -  AmResearch sees extension of concessions for the firm’s IPP projects By S JAYASANKARAN in Kuala Lumpur FOR a counter that trades at 12 times 2015 earnings and boasts, at least for its current financial year, a dividend yield of over 6
      554 words
    • 347 12 Bloomberg [KUALA LUMPUR] Genting Malaysia Bhd, a unit of South-east Asia’s largest casino operator by market value, plans to raise RM1.5 billion (S$588 million) in its debut bond sale, two people familiar with the matter said. The notes will be sold by GENM
      Bloomberg  -  347 words
    • 845 12 NYT [NEW YORK] Nearly one in three migrant workers in Malaysia’s thriving electronics industry toils under forced labour conditions, essentially trapped in the job, a factory monitoring group found in a report issued on Wednesday. The monitoring group, Verité which conducted a
      NYT  -  845 words
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  • GREATER CHINA/INDIA
    • 486 14 They believe aim is to revive confidence and re-stabilise growth AFP [SHANGHAI] A reported US$81 billion injection into China’s major banks is the first of a series of expected stimulus measures by Beijing to boost the world’s second largest economy, analysts said on Wednesday.
      AFP; PHOTO: REUTERS  -  486 words
    • 591 14 Reuters [HONG KONG] A Germa-ny-listed shoemaker became the latest Chinese company to report the disappearance of top executives, underscoring the danger of doing business in the Asian powerhouse at a time of heightened scrutiny of its firms’ corporate governance. Frankfurt-listed Ultrasonic AG
      Reuters  -  591 words
    • 594 14 AFP [AHMEDABAD] India’s new prime minister was set to spend his 64th birthday on Wednesday at a private dinner with Xi Jinping here in his home state of Gujarat, as the Chinese president began a visit that will set
      AFP; PHOTO: AFP  -  594 words
    • 511 14 Bloomberg [MUMBAI] Global fund managers are starting their first Indian corporate bond funds as credit risk drops amid Prime Minister Narendra Modi’s bid to revive the economy. JPMorgan Asset Management’s India Corporate Debt Opportunities Fund opened for subscriptions on Sept 8 followed a day
      Bloomberg  -  511 words
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    • 511 15 THE BUSINESS TIMES NOTICES i In the matter of the Companies Act, Cap.50 And In the matter of ODIM MARINE SERVICES PTE. LTD. (In Member’s Voluntary Liquidation) (Company Registration No.*****5724N) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company are required on or before 18 October 2014 to
      511 words
    • 3810 15 S'JRMESHDLDINGSLTD ST. JAMES HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0338M) (to be renamed as PERENNIAL REAL ESTATE HOLDINGS LIMITED following the completion of the Proposed Transactions) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders (the "Shareholders")
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  • WORLD
    • 614 16  -  China ‘has courted S’pore, Malaysia, Australia, Europe, but not Japan, US’ By ANTHONY ROWLEY in Tokyo THE new China-led Asian Infrastructure Investment Bank (AIIB), expected to be headquartered in Hong Kong, could be launched as early as next month, disclosed
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    • 508 16 Bloomberg [TOKYO] Masayoshi Son surpassed Fast Retailing Co chairman Tadashi Yanai as Japan’s richest person on Tuesday after SoftBank Corp surged 16 per cent since the start of last week. Mr Son, SoftBank’s chairman and CEO, has a net worth of
      Bloomberg; PHOTO: REUTERS  -  508 words
    • 347 16 Reuters [SEATTLE] Microsoft Corp on Tuesday announced the smallest percentage increase in its quarterly dividend since 2009 and appointed new directors to replace two board members who decided not to seek re-election. The increase, 11 per cent to 31 US cents per share, is
      Reuters  -  347 words
    • 257 16 AFP [HONG KONG] The United States is likely to remain the world’s largest market for diamonds for the next 15 years despite a growing appetite for the gems from China and India, leading producer De Beers said on Wednesday. China has the fastest
      AFP  -  257 words
    • 803 16 In 3 years, over 25% of operators may be bought over Reuters [SYDNEY] Australian aged care is about to become big business as investors rush for a slice of a rapidly growing US$10 billion industry, seeking funding to buy rivals and build nursing homes
      Reuters  -  803 words
    • 882 18 But Census Bureau data shows household incomes stay stagnant NYT NYT [WASHINGTON] The poverty rate declined last year for the first time since 2006, the Census Bureau reported on Tuesday. But at the same time, it said, there was no statistically significant change
      NYT NYT; PHOTO: AFP  -  882 words
    • 464 18 Govt may take 7 years to clear debt to agricultural bank Reuters [BANGKOK] Thailand has so far lost 320 billion baht (S$ 12.5 billion) from a 16-month rice support scheme and the final cost will rise substantially, the state bank that
      Reuters  -  464 words
    • 522 18 Reuters [NEW YORK] A campaign by 16 of the world’s largest food and beverage (F&B) companies to dramatically cut the number of calories sold in the United States may have stalled after initial success, researchers reported on Wednesday. The companies, including
      Reuters; PHOTO: AFP  -  522 words
    • 332 18 Reuters [BERLIN] Germany switched on Europe’s largest commercial battery plant on Tuesday, an installation powered by 25,600 lith-ium-ion batteries that will help stabilise the region’s growing supply of renewable energy. The six million euro plant (S$9.8 million), the size of a school gymnasium, is
      Reuters  -  332 words
    • 469 19 Agriculture ministry, other govt officials decline comment Reuters [BANGKOK] Thai rubber growers are calling for an investigation into government claims it sold half the country’s stockpile of the commodity, as farmers grow increasingly disillusioned with what they see as a lack of state
      Reuters  -  469 words
    • 481 19 Core CPI unchanged, data points to lower probability of Fed increasing rates LATEST US DATA Reuters [WASHINGTON] Consumer prices in the United States fell for the first time in nearly 1½ years in August and underlying inflation pressures were muted,
      Reuters; PHOTO: AFP  -  481 words
    • 346 19 AFP [MOSCOW] Billionaire Vladimir Yevtushenkov was placed under house arrest on Tuesday on suspicion of money laundering. His detention sent shockwaves through Russia’s business and political circles on Wednesday and prompted comparisons with a crackdown on former oil tycoon Mikhail Khodorkovsky. The
      AFP  -  346 words
    • 548 19 Reuters [TOKYO] The Bank of Japan (BOJ) has begun paying banks for the privilege of lending them cash in a sign that the central bank is reaching the limits of its power to reflate the economy, although
      Reuters  -  548 words
    • 397 19 Move likely to give revenue boost to big telcos Reuters [BRUSSELS] EU telecoms regulators plan to scrap price caps on fixed phone calls and data packages in Europe in a move likely to boost the revenues of Orange, Telecom Italia and other
      Reuters  -  397 words
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    • 335 17 the Business Times Get the big picture anytime, anywhere Subscribe to The Business Times All-in-One PLUS and receive the Dell Mobile Projector M115HD worth S$1,000. 44.99 /month THE BUSINESS TIMES ALL IN ONE PLUS The Business Times ta ks <°Luxury watch sales United Engineers as?. seen picking up in H2
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  • EDITORIAL & OPINION
    • 484 20 EDITORIAL YET another tool to track progress in efforts to foster creativity and innovation in Asian economies was unveiled last week, adding to a host of country-ranking studies that should serve to spur policy analyses and reviews. The new Creative Productivity Index developed by the Asian
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    • 729 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent CONSIDER the paradox: On the same week that voters in Scotland were considering whether to secede or not to secede from Great Britain, demonstrating the pressure on a nation-state to contract into smaller units, Ukraine and the European
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    • 1352 20  -  Being supply-driven, it gives no clue as to how much liquidity the bank can create By CHARLES WYPLOSZ The writer is professor of international economics, Graduate Institute, Geneva and director, International Centre for Money and Banking Studies. This commentary was sourced from VoxEU.org,
      PHOTO: AFP  -  1,352 words
    • 1189 21  -  Present crisis suggests the Punjab-centric structure of power is indeed becoming increasingly difficult to sustain By AASIM SAJJAD AKHTAR The writer is professor of political economy at Quaid-i-Azam University, Pakistan, and visiting research fellow at the Institute of South Asian Studies, National University of
      PHOTO: REUTERS  -  1,189 words
    • 1054 21  -  By MAXIM TRUDOLYUBOV NYT WHENEVER I tell Americans that I’ve just moved to Washington from Russia, I get a barrage of questions: “How do you folks survive?” “Why is Putin doing this?” “Why haven’t you stopped him?” Then there are the dubious historical parallels (Vladimir Putin’s Russia
      NYT; PHOTO: REUTERS  -  1,054 words
    • 640 21  -  By NICK CUNNINGHAM The writer is a regular contributor to oilprice. com, where this article first appeared A RECENT report from Greenpeace has found that China’s coal consumption declined in the first half of this year and new Chinese government data suggests
      640 words


  • AVIATION/SHIPPING
    • 281 22  -  Codesharing pertains to Sri Lanka-Australia services via Changi By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Qantas and SriLankan Airlines have inked a new codeshare agreement that will leverage on Singapore as a hub, as the two carriers codeshare on flights between Sri Lanka
      281 words
    • 427 22 Around 86% of members opt for collective bargaining Reuters [NEW YORK] Passenger service agents at American Airlines backed union representation for the first time in their history on Tuesday, with about 86 per cent of members voting in favour of collective bargaining,
      Reuters  -  427 words
    • 249 22 SGX '000 Sep 17 S$ +/-Vol Ch Offshore 0.48 0.01 144 Chuan Hup Hldg 0.30 unch 90 Cosco Corp 0.70 unch 825 Cwt Limited...............1.72 unch 252 Ezra Hldgs 1.03 0.01 1638 First Ship Lea 0.10 unch 50 Grand Banks unch unch 0 Jaya Hold Ltd Cosco Corp K1Ventures
      249 words
    • 533 22 Bloomberg [TOULOUSE] Airbus chief executive officer Fabrice Bregier said that the company can maintain a production rate of almost 30 A380 a month even amid slack demand, and will seek to build fresh interest with superjumbos coming off lease. Mr Bregier,
      Bloomberg; PHOTO: REUTERS  -  533 words
    • 668 22 WP [WASHINGTON] The National Aeronautics and Space Administration (Nasa) on Tuesday awarded a pair of much-anticipat-ed contracts, worth up to US$6.8 billion combined, to Boeing and SpaceX to ferry astronauts to the International Space Station (ISS) in a deal that will
      WP  -  668 words
    • 226 22 Reuters [SHANGHAI] Two of China’s largest port operators and engineering firms have agreed to invest in a US$601 million terminal in Sri Lanka’s Hambantota port, part of a series of deals signed during a visit by President Xi Jinping to the
      Reuters  -  226 words
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • 328 22 CRYPTIC CROSSWORD Across 1 Concluded actors can be dull (8) 5 Comeback reaping reward (6) 9 High-flier given a cold greeting at all times (8) 10 Author is more sardonic given time (6) 12 Weak identity becoming clear (6) 13 Up Up And Away tune endured (8) 15 Plain speaking
      328 words

  • 1194 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,194 words
  • Page 23 Advertisements
    • 81 23 Experienced sh/p maintenance find you y r i services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ 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
    • 4014 24 Transaction date: Sep 17 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 13 10.4 8Telecom Day Last Quote --AAT Net M Cap High 153.1 131 AIMSAMP Cap Reit 144.5 +2.5 224
      4,014 words
    • 359 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 33 25 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High 43.5 28 t Alliance Mineral.................................33.5 unch 1541 34
      359 words
    • 10850 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** 1.27/ Aberdeen Asset Mgt Asia Limited 1.0135/ 2 1349/ China Opportunities' 2 9989/ turopean opportunities' China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD Global Technology India Opportunities USD!** .0.5869/
      10,850 words
    • 232 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company Last 343 266 TanChongInt HK303xd 300 308 9.7 3.5 3 6102.1 DISCLAIMER: All information is published “as is” without warranty of any kind and for information
      232 words
    • 1112 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 116.7 -0.3 116.7 116.7 116.5 117 532.7 139.4 119 CIMB APAC Div 100S$D 134.6cd +0.4 134.6 134.6 133.2 135.9 110.5
      1,112 words


  • FINANCE & COMMODITIES
    • 667 26 Sep 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.15 *****.41 *****.67 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar15 *****.00 *****.00 *****.00 *****.00 0 104 MSCI TAIWAN INDEX FUTURES SPOT 334.38 337.80 334.38 Sep14 333.00 338.40 332.40 336.90 ***** *****8 Oct14 332.80
      667 words
    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Sep 16 Index Change Change Change Change Change Change World Preliminary 1252.9 0.1 5.8 0.0 4.0 0.1 4.1 EAFE Preliminary 979.3 -0.3 2.4 -0.5 -1.3 -0.3 -1.2 Europe Preliminary 1397.8 -0.2 3.2
      373 words
    • 471 26 Sep 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 5.566 0.699 7.025 55.271 108.258 0.972 9.380 2.915 1.107 92.986 40.095 1.145 9.902 0.846 27.303 29.206 0.555 0.906 Canada 1.007 5.606
      471 words
    • 39 26 Sep 17 (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
      39 words
    • 155 26 Sep 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1440 1.1450 0.9061 0.9065 Canadian dollar 1.1523 1.1534 0.9132 0.9127 Euro 1.6365 1.6372 1.2961 1.2962 NZ dollar 1.0329 1.0341 0.8181 0.8187 Sterling pound 2.0598 2.0611 1.6314 1.6318
      155 words
    • 80 26 Sep 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.19 106.21 106.21 5-Year NX*****W 2.5 01-Jun-19 104.34 104.48 104.35 GOVERNMENT BONDS 10-Year NY*****H
      80 words
    • 120 26 Sep 17 GOLD(US$/oz) Sep 17 Sep 16 Hong Kong 1239.00 1239.00 Sep 16 Sep 15 London 1232.69 1233.31 1233.41 1233.77 Source: Thomson Reuters CAST BAR Sep 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 303 248 10gm 563 498
      120 words
    • 57 26 Sep 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2120.0 2121.0 2160.0 2110.0 1029 8866 Oct 14 2105.0 2101.0 2141.0 2093.0 ***** ***** Nov 14 2119.0 2118.0 2150.0 2104.0 ***** ***** Dec 14 2154.0 2155.0
      57 words
    • 109 26 Sep 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Nov 14 980.75 989.50 999.75 976.75 Jan 15 989.25 997.50 1007.75 985.25 Mar 15 997.00 1004.25 1015.00 992.75 May 15 1004.75 1011.25 1022.50 1000.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Oct 14
      109 words
    • 95 26 Sep 16 COCOA (£/tonne) Close Prev High Low Dec 14 2010 2000 2023 1994 Mar 15 1966 1960 1978 1954 May 15 1952 1947 1966 1940 Jul 15 1940 1935 1954 1933 COFFEE(US$/tonne) Close Prev High Low Sep 14 1964 1955 1977 1955 Nov 14 1985 1977 1992 1965
      95 words
    • 924 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -55 3.67 46 Asia-Pacific Strategic W*****6 3.4 unch 1356 1 2 56 Ratio Exer Ascendas REIT MB eCW*****3 Prem Asiatic Grp(Hldgs) Ltd W*****5 Asiatravel.com HoldingsW*****5
      924 words
    • 70 26 CRUDE OIL PRODUCTS Sep 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.64 1.01 WTI (Near Mth) 94.82 1.84 Dubai (1-Mth F) 96.30 0.32 Tapis blend 99.37 0.42 Minas 94.87 0.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.69 0.58 Jet Kerosene 111.35 -0.28 US$/barrel OpecOil Basket
      70 words
    • 22 26 Sep 17 S$ Bid Offer 1-month 1.2626 1.2631 2-months 1.2626 1.2631 3-months 1.2626 1.2631 6-months 1.2625 1.2630 Source: OCBC
      22 words
    • 65 26 Sep-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1988.50 1952.25 3 months 2026.00 1991.00 Copper, Grade A(US$/tonne) Cash 6946.25 6867.00 3 months 6901.00 6820.00 Lead(US$/tonne) Cash 2104.00 2087.25 3 months 2115.50 2097.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • 121 26 As at 9am Sep 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.171 1.116 Can dollar 1.171 1.126 Euro 1.671 1.592 Sterling pound 2.090 2.010 NZ dollar 1.056 1.016 US dollar 1.287 1.226 Local dollars to 100 units of foreign
      121 words
    • 157 26 Sep 17 $S Offer Bid 0vernight 0.01 par 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.14 US$ 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

  • PROPERTY
    • 721 27 Developer turning former Miramar site into beach resort and bungalows Bloomberg [LOS ANGELES] Rick Caruso, a Los Angeles shop-ping-mall developer, plans to spend about US$185 million to rebuild a Southern California seaside hotel with a troubled past into a luxury getaway. The 170-room
      Bloomberg  -  721 words
    • 1565 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 23 WITH CONTRACT DATES BETWEEN AUG 6 AND AUG 12, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 08/08/2014 99 1130 2200 1947 Marina Bay Residences
      1,565 words
    • 479 27 Bloomberg [NEW YORK] Lower Manhattan’s Trump Soho ho-tel-condominium tower, which has struggled to find buyers since sales started in 2007, is facing foreclosure. CIM Group, a Los Ange-les-based investment firm that holds a loan on the property, is planning to take control of the building
      Bloomberg  -  479 words
    • 1114 28 Repaying pounddenominated loans in foreign currency may lead to default Bloomberg [LONDON] A vote in favour of Scottish independence on Friday threatens to weigh down a booming housing market should thousands of homeowners become debtors of foreign lenders. Political leaders in the UK are
      Bloomberg; PHOTO: AFP  -  1,114 words
    • 501 28 US$9.1 b in bonds and loans maturing by year-end Bloomberg [SHANGHAI] Property trusts are funnelling the least amount of money into Chinese developers in almost five years as maturing debt balloons, escalating default concerns. Issuance of trusts for re-al-estate projects, which target wealthy
      Bloomberg  -  501 words
    • 244 28 Bloomberg [SEATTLE] Norway’s sovereign-wealth fund, the world’s largest, agreed to buy stakes in three prime US office buildings for about US$1.5 billion, extending a real estate shopping spree as it seeks high-er-yielding assets. Affiliates of Norges Bank Investment Management, which manages the Norwegian
      Bloomberg  -  244 words
    • 719 29  -  Analysts debate if it’s good value, or opportunity cost due to restrictions By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE price gap between new executive condominiums (ECs) and private condos is widening, as rising condo prices have outpaced the fairly steady prices of its
      Sources: STProperty, URA Realis  -  719 words
    • 237 29 Bloomberg [SYDNEY] A 16 per cent jump in Sydney home prices in the past year is sparking alarm at Australia’s central bank. Buyers shouldn’t be overly bullish in property purchases, Reserve Bank of Australia assistant governor Christopher Kent said at a Bloomberg Summit in
      Bloomberg  -  237 words
    • 461 29 Big Hotel back on market now with leaseback deal Asking price is expected to be S$270m-S$280m [SINGAPORE] Big Hotel along Middle Road is back on the market this time on a sale-and-leaseback arrangement. It is being offered through an expressions of interest (EOI) exercise being conducted by JLL. Submissions are
      461 words
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  • Page 28 Advertisements
    • 165 28 Charming Single–storey Good Class Bungalow in exclusive and serene neighbourhood of Bukit Tunggal Few minutes walk to Novena MRT and shopping malls Large well maintained grounds of approx. 23,000 sq.ft. Built-up accommodation of approx. 6,500 sq.ft. comprising spacious living cum dining room, extensive patios, 3 bedrooms each with large ensuite
      165 words
    • 202 28 International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with the following types of assets: 3 4 Star Hotels Office Commercial Buildings Bulk Sale
      202 words
    • 21 28 LIANHE ZAOBAO Waste treatment company's struggle to hire and retain workers WA* SAW* To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      21 words

  • Page 29 Advertisements
    • 114 29 PRIMELOCATION,DISTINCTIVEBUILDINGANDCENTREOFSPECIALISTS Medical Suites for lease at Orchard Boulevard Prime location in the heart of tourist shopping and prime residential area of Orchard andTanglin Road •Multi-disciplinarymedicalcentrewithover100topspecialists •Radiology&Diagnosticlaboratories •CloseproximitytoGleneaglesandMtElizabethHospitals •AmpleparkingandshuttlebustoOrchardMRT F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808
      114 words
    • 308 29 Industrial Properties Jsavills For Sale Freehold Office-like Light Industrial MacPherson rm Sizes from 1,722 to 3,208 sq ft Good layout Luxuriously high ceiling Vibrant environment and near amenities Walking distance to upcoming Mattar MRT Sharon Chan 9112 2063 CEA Reg. No. R*****1D For Lease Brand New Light Industrial off Paya
      308 words
    • 275 29 Freehold Hotel in CBD For Sale BIG HOTEL: Strategic location within walking distance to Dhoby Ghaut/Bras Basah/Bugis MRT 308 rooms, 3 F&B retail outlets, on-site car parking, gymnasium Secure lease providing steady income stream Long term investment in one of world’s leading hospitality markets Expressions of Interest closing on 28
      275 words

  • Page 30 Advertisements
    • 110 30 K. w. J M 40 r MITSUBISHI ELECTRIC Changes for the Better Air-Conditioner dm* I t A MITSUBISHI ELECTRIC INV£RI£R i V Energy Savings Easiest To Clean! teachable Inner Vent for Easy Clean UIETES A f w r *E&ir r K T >■ i *J.a .<M% V* A t K5^F?
      110 words

  • THE BUSINESS TIMES Property 2014
    • Article, Illustration
      510 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Several rounds of property cooling measures have taken some wind out of the market’s sail. Notably, Singapore’s private residential property transactions have fallen to levels last seen during the global financial crisis. It is hardly surprising then that discussions at recent industry conferences
      510 words
    • 1199 2  -  Properties with smaller plots enable new investors to overcome the entry barrier to owning a prestigious GCB. By HAN HUAN MEI The writer is associate director at CBRE Research. SALES of good class bungalows (GCB), a highly niche segment of the luxury market, have not been
      FILE PHOTO; Source: URA, SISV, CBRE Research  -  1,199 words
    • 1057 4  -  The prime non-landed residential market in S’pore has stabilised and may offer some good deals. By samuel eyo and samuel toh By SAMUEL EYO, SAMUEL TOH Samuel Eyo is director, prestige homes, Savills and Samuel Toh is analyst at Savills Research. THE high-end
      Source: Urban Redevelopment Authority, Savills Research & Consultancy; Source: Savills Research & Consultancy  -  1,057 words
    • 1584 6  -  The buzz of future development plans for Jurong Lake District and Woodlands draw home hunters. By LEE LAY KENG, HANNA SAFDAR Lee Lay Keng is regional head (SEA) of research, and Hanna Safdar is senior research analyst at DTZ. AFTER the implementation of the
      Source: URA, DTZ Research  -  1,584 words
    • 1587 10  -  Location and price are two key factors that may sway some buyers. By TAN TEE KHOON, DEBBIE LAM, DEREK LOR Dr Tan Tee Khoon is executive director and head of residential services; Debbie Lam is assistant manager, consultancy and research, and Derek Lor
      FILE PHOTO  -  1,587 words
    • 1644 12  -  The 15-month rule is no longer needed as it is distorting the supply-side of the EC market. By Nicholas mak and phoebe xie By NICHOLAS MAK, PHOEBE XIE Nicholas Mak is head of research and consultancy; and Phoebe Xie is analyst,
      1,644 words
    • 2023 14  -  Govt measures and more realistic sellers seen to temper the market. By EUGENE LIM, URAINA POH Eugene Lim is ERA Realty key executive officer and Uraina Poh is ERA senior research analyst. HOUSING and Development Board (HDB) resale prices continued to soften in
      FILE PHOTO; Source: HDB, ERA Research  -  2,023 words
    • 2005 16  -  Developers are cautious in their selection and pricing strategy but keen on quality sites. By ALEX OH, CHRISTINE LI, CHEW WEN HUI Alex Oh is head of investment and advisory; Christine Li is head of research and consultancy, and Chew Wen Hui is assistant
      FILE PHOTO; Source: OrangeTee Investments, URA REALIS  -  2,005 words
    • 1285 20 THE property market continues to slow, and along with it new mortgage sales. Still, there are sales that continue to be done though some are reversed when the buyers find that they cannot afford them due to stricter affordability rules. Home loans remain a
      1,285 words
    • 555 20 IAS Removed interest absorption scheme (IAS) and interest-only housing loans GLS Resumption of Government Land Sales (GLS) confirmed sites 1 Sept 14, 2009 SSD Introduced seller’s stamp duty (SSD) on residential property and land bought and sold within a year I1% on the
      555 words
    • Article, Illustration
      512 22 / 23 Projects currently on the market DISTRICT PROJECT TENURE LOCATION DEVELOPER TOTAL A 1 V on Shenton 99 Shenton Way UIC Pte Ltd 510 B 2 Skysuites@Anson 99 Enggor Street Allgreen 360 C 3 Alex Residences 99 Alexandra View Singapore Land 429 D 3 Commonwealth Towers 99 Commonwealth Avenue
      512 words
    • 1588 24  -  The Singapore office market has adapted to keep pace with the constantly changing needs of the office user. By toby dodd and teo li kim By TOBY DODD, TEO LI KIM Toby Dodd is managing director, Singapore, and Teo Li Kim is director of
      Source: URA, Department of Statistics, Cushman & Wakefield Research; FILE PHOTO  -  1,588 words
    • 2030 26  -  The office property landscape in the CBD has seen increasing diversification. By LOUISE TOOVEY, ALICE TAN, JOANNA CHEN Louise Toovey is director, office leasing; Alice Tan is director and head of consultancy and research, and Joanna Chen is manager, consultancy and research, at Knight
      Source: Knight Frank Research; Source: Realis, Knight Frank Research; FILE PHOTO; FILE PHOTOS  -  2,030 words
    • 1441 28  -  Faced with intense competition from outside the ‘great street’ it has to stay relevant and offer visitors a distinctive experience. By Eunice khoo By EUNICE KHOO The writer is a senior analyst at CBRE Research Singapore. HOME to more than 5,000 brands that are
      FILE PHOTO; Source: URA, CBRE Research  -  1,441 words
    • 1866 28  -  By DOREEN GOH The writer is associate director, research and advisory, at Colliers International. IN recent years, the government has continued to review and adjust its policy framework for the industrial property market, working towards the broader objectives of ensuring the availability of affordable space
      FILE PHOTO  -  1,866 words
    • 1216 30  -  Successful projects bring life and vibrancy to the city centre beyond usual business hours. By CHRIS ARCHIBOLD, CEDRIC CHNG Chris Archibold is head of markets, and Cedric Chng is assistant manager, research, at JLL MIXED-USE developments are nothing new globally but they
      FILE PHOTO  -  1,216 words
    • 1153 31  -  Interest rates, opportunity costs, yields, domestic economic growth and regional economic prospects all play a part. By ALAN CHEONG The writer is senior director of research and consultancy at Savills Singapore. REAL estate investment is usually defined as taking a long term position in physical
      Source: Savills; Source: MAS, URA, Savills; Source: MAS, Savills  -  1,153 words
    • 1750 31  -  Strong demand for luxury hospitality is buoyed by the buzzing MICE sector, conference events and corporate travel. By akshay kulkarni By AKSHAY KULKARNI The writer is regional director, hospitality, at Cushman Wakefield. SINGAPORE’S luxury hospitality sector has been cashing in on the tourism boom
      Source: Cushman & Wakefield, STB  -  1,750 words
    • 1687 34  -  Property prices are expected to be stable due to underlying strong local demand and economic growth. By JACK CHUA, RYAN KHOO Jack Chua is CEO of ERA Asia Pacific/Singapore; and Ryan Khoo is regional director (Malaysia), international sales, at ERA. SINGAPORE’S real estate market is
      PHOTO: ASCENDAS PTE LTD; PHOTO: ZHUOYUAN ISKANDAR  -  1,687 words
    • 1331 36  -  With a booming population and housing supply deficit, prices are likely to rise at a steady pace. By ashley osborne By ASHLEY OSBORNE The writer is managing director, international properties, Asia, and head of UK residential at Colliers International. LONDON is
      1,331 words
    • 1407 36  -  Investors need to be seen ‘doing the right thing’. By TEO WEE HWEE, JAMES MAVLAM, ROBERT FISHWICK Teo Wee Hwee is partner and real estate tax leader, fund structuring and international tax; James Maylam and Robert Fishwick are senior managers, financial services tax,
      1,407 words
    • 1503 38  -  Foreign buyers chasing higher returns are attracted to higher yields on offer. By ged rockliff By GED ROCKLIFF The writer is head of residential projects at Savills Australia. MELBOURNE and Sydney are continuing to enjoy the lion’s share of jobs growth and
      1,503 words
    • 1316 38  -  Be aware that tax implications related to foreign investment in rental properties can be onerous. By SIMON CLARK The writer is regional partner, alternative investments, at KPMG in Singapore. The views expressed are his own. AUSTRALIA is one of the most popular destinations
      1,316 words
    • 1155 40  -  A mindset change by the government will unleash a multiplier effect on the economy. By KU SWEE YONG The writer is a licensed real estate agent and the CEO of Century 21 Singapore. He has just launched his third book ‘Real estate
      Source: Japan National Tourist Organization (JNTO), Century 21 Singapore; PHOTO: KEN KON; PHOTO: REUTERS  -  1,155 words
    • 408 40 FIRST-TIME investors in Japan’s real estate market will tend to focus on the capital city of Tokyo. And within Tokyo, most investors are familiar with the six prime wards of Chiyoda, Chuo, Meguro, Minato, Shibuya and Shinjuku. However, in the past 12 months, prices have already
      408 words
    • 291 40 WHILE prices of condominiums in Tokyo and its suburbs have climbed about 15 per cent since January 2013, the overall residential index for Tokyo’s residences remained flat between 95 and100 points. (Figure 2) Higher construction costs have limited the price at which developers are willing to bid
      Source: Japan Ministry of Land, Infrastructure, Transport and Tourism  -  291 words
    • 1406 42  -  Residential assets in markets such as London, Tokyo and New York will remain primary markets for S’pore investors. By DORIS TAN The writer is regional director, international property services, at JLL. FOLLOWING the global financial crisis and a surge in property prices in the domestic residential
      Source: Asia Pacific Wealth Report 2007-2013, JLL; Source: JLL Research UK; Source: The Cocoran Report Q1 2014; PHOTO: BLOOMBERG; Source: ”Chika Koji” survey, Ministry of Land, Infrasture, Transport and Tourism  -  1,406 words
  • Page 1 Advertisements
    • 284 1 CONTENTS: IHidden gems in the luxury condo market PAGE 4 IProperty hotspots in the suburbs PAGES 6 8 IThe future of the core CBD PAGE 26 IMalaysia: big opportunity next door PAGE 34 THE FIRSTTWO EXECUTIVE CONDOMINIUMS OF 2014 No Resale Levy for 2nd Timers Up to $30k CPF Housing
      284 words

  • Page 2 Advertisements
    • 128 2 w GRANDERA J GROMt i f t ?£r< I >' :J m. h > K I GROHE GRANDERA* WELCOME HOME Timeless elegance comes from purity and harmony GROHE Grandera® blends square and circular elements into one harmonious shape. The collection, with its smooth geometric lines and classic simplicity, has been
      128 words

  • Page 3 Advertisements
    • 280 3 City Developments Limited OVER YEARS, "ItTRUSP* m, S.T -Is*. lY iaL-TB-tAil It! ":h -,-s s 1 F V—1 B 1 IT Sail into the W Life with style A I t r}~K&s& v *;vWf m Home is where the art Is PS* ic IN S6 a*** r I JpT' 9
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  • Page 4 Advertisements
    • 145 4 Local People For Lease l nnec CO CapitaGreen (new premium Grade A office) > A f-; 5 i F- i i k City House GB Building 1 jfiilw a iii: Global Network Largest Real Estate Agency in Singapore with over 5,900* agents More than 31,000 member brokers and sales associates
      145 words

  • Page 5 Advertisements
    • 550 5 ADVERTORIAL :j 44 ana :J M M? INFINITE LIFESTYLE POSSIBILITIES IN A CITY-FRINGE LOCATION Bishan Bishan MRT Bus (CC15) Interchange Bishan Public Junction 8 Library f Bishan Sports Hall Bishan Swimming Complex Bishan Active Park Bishan Ang Mo Kio Park Bishan Sports Recreation Club Catholic High School Bishan Stadium f
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  • Page 6 Advertisements
    • 32 6 Car era The Language of "Bathrooms I w I Carera Bathroom Pte Ltd 26 Tai Seng Street #01-02/03 Singapore *****7 Tel: 6533 0455 Mon Fri; 10am 7pm Sat Sun: 12pm 6pm vwvw.carerabathroom.com
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  • Page 7 Advertisements
    • 250 7 s =4 i H-* 1 w-rS if IS :v i V I#* -A w V: w k& V/. m 'V. m m >y m V K X^£ i v r -a Wi.v jjF X V% i« v, v a new heart is BREATH N( into the city Artist’s Impression MARINA
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    • 669 11 DISCOVER HIGH LIVING IN HIGHLY SOUGHT-AFTER LOCALES The authentic enclaves of Alexandra, Farrer and Jervois offer an artful collection of charming experiences with a wealth of amenities while Shenton Way is the playground of sophisticated professionals and worldly jetsetters. Whatever you desire, experience it with us. G From $1.17mil onwards!
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    • 580 12 ©Smith. Mo. i WwhlY irt USA •8898 A. 0. Smith Water Heaters taps the latest technology for energy saving solutions 1 TEMP TEMP SETTING o*oo A. 0. Smith has 140 years of rich innovation history and scored many technological breakthroughs along the way. Today, with 19 plants worldwide, 6 billion
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    • 29 14 .com.sg The Official distributor for all your interior and architectural needs. Kitchen Bath Carpet Flooring Paint Tile Wall Covering 30 Tuas Bay Drive Singapore *****8 t. 6686 2002 project@designhub.com.sg
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  • Page 15 Advertisements
    • 979 15 Soleil Sinaran, Singapore Advertising Feature a World Frasers Centrepoint Limited (FCL) was listed on the main board of the Singapore Stock Exchange in January this year. Within a span of less than 12 months, it has marked a slew of key milestones. A well-rounded developer From homes, mixed development projects,
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  • Page 16 Advertisements
    • 114 16 MARBLE GRANITE ONYX TRAVERTINE SANDSTONE Artisans of the trade. A heritage set in stone'. As a leading supplier of exceptional stone products, we have spent years perfecting our craft. Using the latest in stone processing technology, we have the ability to customise and transform your preferred marble selection into top-notch
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    • 1157 18 Builder of Distinction Setia SPSETIA BHD GROUP INTERNATIONAL S P Set a I Jet vac is moogr sec as Malaysia s eait ng steel rea es ate player I' a pr > /en trac record of inova sn-dt 'er and standard-setting developments he Group's strength es r pro\ ess n
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    • 129 24 X. r THE LEADING BUILDING MATERIAL SUPPLIER SINCE 1980 Leading the way in surface solutions, the Hafary Group is a leading player in the supply of exquisite tiles, stones, wood and so much more. Apart from surfacing solutions, we also offer an outstanding range of sanitary ware and fittings to
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    • 446 29 BE PART OF THE NEXT BIG THING VISION E X C H A N G E WORLD CLASS CONNECTIVITY Jurong East earmarked as one of the potential sites for the Singapore-KL High Speed Rail terminal. Enhanced connectivity with the upcoming Tuas West Extension (TWE), Jurong Region Line and the Cross-Island
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  • Page 30 Advertisements
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  • Page 33 Advertisements
    • 801 33 ADVERTISEMENT COUNTRY GARDEN DIAMOND CITY A PRESTIGIOUS DEVELOPMENT BY COUNTRY GARDEN MAYLAND Elsewhere, the developer has also launched the first Spanish Villa Township, called Diamond City, in Semenyih, Selangor (about 45 minute drive from KL). On its opening weekend, the landed homes saw a 70 per cent take-up in the
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  • Page 35 Advertisements
    • 595 35 •V «<- K dS TRANSFORMING MEDINI. CREATING A LEGACY. Debuting Citrine Residences. SUNWAY ISKANDAR NATURE’S CAPITAL CITY Sunday Iskandar Interna ,tional School i Citrine Residences Launching Soon Citnn jn *5* AT THE LAKEVI EW OFFICES RESIDENCES RETAIL ss*rI T A-, s a sidenfs convenience facilities <or th ere Modern V
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    • 402 37 PHASE 1 SOLD OUT Rw PHASE 2 LAUNCH 3 5 Oct 2014 Four Seasons Hotel Singapore a ROYAL WHARF LONDON -I i* I >. f 4. W- I ss u m Yl m m -I I, v,.. ?S/' >,#T fm£ .-LS ■T) i T w r <- sk 3? >
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  • Page 39 Advertisements
    • 833 39 A LIFE OF PRESTIGE V; SEBANA COVE RESORT Marina Golf Nature Marina, Golf Nature In One Township Surrounded by pristine natural greenery, Sebana Cove Resort is a 1,200-acre resort township, where residential and commercial components are cohesively planned alongside an exclusive private marina and an 18-hole golf course. Community safety
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    • 433 43 INVEST IN HATTEN RETAIL PROPERTIES Foreigner can invest from EM i iniiiimr RM500,000 only (SGD196,000) VIBRANT OPPORTUNITY rt Cv UNICITY LIFESTYLE CAMPUS MALL ELEGANT designs CSV aioi tin* 0 i 9S sS .11. ml i ii vf I I m*4 w 1 a w IMPERIO S*rii 0* s «Vu n
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