The Business Times, 12 January 2010
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2010-01-12
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The Business Times
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Title Section23 2010-01-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, January 12,201023 words
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581 2010-01-12 1 CONRAD TAN - Bulk of US$675m investment in New York complex has been written down By CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corp (GIC) has written down most of its US$675 million investment in a giant New York apartment complex that was bought581 words
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Article, Illustration617 2010-01-12 1 CHUANG PECK MING - Integrated resorts, biomed and chemicals will give some boost, Hng Kiang says in economy update By CHUANG PECK MING [SINGAPORE] The chances of the economy falling back into recession in 2010 are low, but its recovery in the months ahead is likely to617 words
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Article140 2010-01-12 1 ST INDEX 2,933.53 (+10.77) ST INDEX FUTURES 2,933.0 (+11.00) SIMSCI 351.90 (+1.30) SIMSCI FUTURES 352.30 (+1.80) FOREX US$ S$ US$ (S$ per US$) 1.389 (US$/S$ per 1.610 2.237 EURO (US$/S$/E) 1.449 2.013 Foreign currency per US$ S$ YEN 92.40 66.50 RM 3.339 2.403 HK$ 7.755 5.582 BAHT 33.06140 words
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Advertisement132 2010-01-12 1 TOO HOT China govt researchers predict 16% growth PAGE 2 ROARING COMEBACK Investment bankers expect bumper deals this year PAGE 4 ON THE BALL Man U proposes £500m bond issue COMPANIES IR effect benefits more than just Genting PAGE PAGE 2 Succession planning among SMEs PAGES 11-12 8 "*****1 *****4132 words
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Advertisement21 2010-01-12 1 More parliament reports, Page 9 WHO’S WHO IN PRIVATE BANKING Don’t miss our 20-page special that comes with your BT tomorrow21 words
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TOP STORIES
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487 2010-01-12 2 JOYCE HOOI - Prediction by govt researchers sparks overheating fears but is far-fetched By JOYCE HOOI [SINGAPORE] China’s economy might be set to roar back in the Year of the Tiger, with the latest growth estimates for its economy this year hitting 16 per cent,487 words
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Article, Illustration604 2010-01-12 2 CHEN HUIFEN - By CHEN HUIFEN [SINGAPORE] Organisers of the Emerging Enterprise awards are confident of drawing more applications this year, notwithstanding the great recession of last year which could have hit the financial strength of small and medium enterprises. They reckon that if entrepreneursPHOTOS: YEN MENG JIIN - 604 words
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Article627 2010-01-12 2 Recession threat recedes, but expect uneven recovery THE chances of the economy falling back into recession in 2010 are low, but its recovery in the months ahead is likely to be uneven with the growth momentum slowing in the second half of the year, according to Trade and627 words
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Article, Illustration882 2010-01-12 2 MICHELLE QUAH - EPL champs may offer high coupon but analysts wary of unstable income By MICHELLE QUAH [SINGAPORE] Having recently lost the top spot on the Premier League table to rivals Chelsea, Manchester United are also looking less than sparkling where their financials areAP - 882 words
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Article, Illustration902 2010-01-12 4 CONRAD TAN - M&As, initial public offers seen making roaring comeback if markets stay robust By CONRAD TAN [SINGAPORE] Investment bankers are looking forward to a slew of new deals in Singapore and the rest of Asia this year. While the volume of debt issuance andFILE PHOTOS - 902 words
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517 2010-01-12 4 But moving to another city is not a viable option NYT [LONDON] A tough new requirement by Britain’s securities regulator that top banking executives and earners must defer 60 per cent of their total compensation for a three-year period isNYT - 517 words
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494 2010-01-12 4 Bloomberg [SINGAPORE] UBS AG, the world’s second-largest manager of assets for the rich, expects private-banking revenue from China to at least double annually as the ranks of the wealthy swell and regulators ease curbs on what products it can sell. “Our future growthBloomberg - 494 words
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429 2010-01-12 4 LEE U-WEN - By LEE U-WEN in Hanoi [SINGAPORE] Prime Minister Lee Hsien Loong arrives in Hanoi this afternoon to begin a four-day official visit at the invitation of Vietnamese Prime Minister Nguyen Tan Dung. The highlight of his first overseas trip this year will take429 words
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Advertisement83 2010-01-12 2 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Take apermanent break from your aches. Designed for maximum comfort to soothe the most tired and aching muscles, you can finally experience complete holistic sleep and all the benefits that come with it. "Visit our Fantasy Sleep Centre for your ultimate sleep solutions.83 words
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Advertisement135 2010-01-12 3 f > Enterprise A Give your best shot for S$1.2 million worth of prizes at the Emerging Enterprise 2010 w. r A Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. This year, three SMEs will each receive up to S$390,000135 words
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Advertisement140 2010-01-12 4 am is Our Executive MBA pr diluted Chicago MBA. O As you weigh the merits of Executive MBA programs, use the right benchmarks. Our program may be concentrated to fit the needs of working professionals, but it's "pure Chicago" in every way —same world-class faculty, same question-every-answer approach. Find out140 words
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Advertisement7 2010-01-12 4 NTU growing global alumni network, Page 107 words
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COMPANY NEWS
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351 2010-01-12 5 EMILYN YAP - SGX not extending deadline further for resumption proposal By EMILYN YAP CHINA Printing Dyeing whose shares have been suspended from trading since October 2008 now faces the prospect of delisting. In a letter dated Jan 7, Singapore Exchange (SGX) said that it will not grant351 words
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819 2010-01-12 5 ARTHUR SIM - Analysts bullish on hospitality, transportation and property stocks CORPORATE FOCUS By ARTHUR SIM WITH the two mega integrated resorts (IRs) opening this year, there is more than enough cheer to go around. So while it might appear that Genting Singapore seen as819 words
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458 2010-01-12 5 TEH SHI NING - Substantially higher FY2009 pre-tax earnings expected By TEH SHI NING KOON Holdings said yesterday that it expects pre-tax profit for FY2009 to be substantially higher than the previous year’s and that it meets Singapore Exchange (SGX) requirements for an upgrade of its listing458 words
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Article, Illustration536 2010-01-12 6 FELDA CHAY - Group aims to be a high dividend yield company, says MD Kenny Yap By FELDA CHAY ORNAMENTAL fish breeder Qian Hu Corporation said yesterday that net profit for its fourth quarter rose 3.6 per cent to $1.8 million from $1.74 million a536 words
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Article329 2010-01-12 6 NISHA RAMCHANDANI - It has completed business plan for second Viet project By NISHA RAMCHANDANI INCREASES in in-patient admissions, deliveries and ancillary services helped Thomson Medical Centre, a healthcare provider for women and children, deliver a healthy set of results for its fiscal first quarter ended Nov 30,329 words
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427 2010-01-12 6 RONNIE LIM - It cautions ISO against rush to make changes By RONNIE LIM CHEMOIL Energy, which supplies marine fuel to major ports worldwide, has warned that higher fuel costs for ship operators and increased disputes over fuel specifications could arise from a proposed new International427 words
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306 2010-01-12 6 VINCENT WEE - Technics to acquire oil gas pipe firm By VINCENT WEE OIL and gas compression and fabrication specialist Technics Oil and Gas is making small but sure steps to expand with the proposed acquisition of a majority stake in pipe specialist Wecom Engineering for $3.55 million. The deal, through its wholly306 words
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511 2010-01-12 7 OH BOON PING - UOB-KH sees strong STI, with year-end target of 3,270 points By OH BOON PING AS earnings recovery gets underway, analysts from Citigroup predict a 10 per cent rise in global equities in 2010 and recommend a growth-oriented strategy. Meanwhile, UOB-Kay Hian511 words
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Article, Illustration503 2010-01-12 7 Bloomberg [TAIPEI] Oceanus Group Ltd, the world’s largest operator of abalone farms, plans to buy two companies this year to expand its food business and sell the shares of its restaurant unit as early as 2012. Oceanus may buy a TaiwanBloomberg; BLOOMBERG - 503 words
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402 2010-01-12 7 Reuters [SHANGHAI] Chinese “orphan” stocks companies once lured to float overseas but now left neglected are starting to head home, creating investment opportunities, said the head of money manager Martin Currie’s China business. Edinburgh-based Martin Currie, which owns shares in Singapore-listed leasingReuters - 402 words
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370 2010-01-12 7 CHEW XIANG - Among them is its 2009 top performing Brazilian index ETF By CHEW XIANG DEUTSCHE Bank yesterday launched six new exchange traded funds on the Singapore Exchange, including one linked to the buoyant Brazilian equity market. The db x-trackers ETFs have an all-in370 words
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COMPANY BRIEFS
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62 2010-01-12 7 STAMFORD Land executive chairman Ow Chio Kiat’s 30-year-old son Yew Heng has joined the company as assistant to the chief operating officer. The younger Ow was formerly an analyst at Deutsche Bank Singapore’s private wealth management business. He holds a Bachelor of Business62 words
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49 2010-01-12 7 CHINA Environment Ltd said that its subsidiary, Fujian Dongyuan Environmental Protection Co, Ltd, has secured three contracts amounting to 82.9 million yuan (S$16.9 million). The contracts will contribute positively to the earnings of the group for the current financial year ending Dec 31.49 words
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73 2010-01-12 7 ST Engineering said that Japan Airlines (JAL)’s financial situation will have minimal impact on the group’s aerospace arm, ST Aerospace. The airline, which is expected to file for bankruptcy, is one of ST Aerospace’s customers. “The current debt with JAL is less than73 words
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27 2010-01-12 7 HENGXIN Technology Ltd said non-executive chairman Cui Genxiang has been re-designated as the executive chairman of the company with effect from Jan 11.27 words
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56 2010-01-12 7 JAPAN Land has appointed Allen Gledhill partner in litigation dispute resolution, Edward Tiong Yung Suh, 37, as an independent non-executive director and a member of its audit committee. Mr Tiong has over 11 years of experience in civil and commercial litigation, banking litigation, insolvency and56 words
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Advertisement217 2010-01-12 6 The University of Nottingham and PSB Academy congratulate our 20 O Graduation Ceremony 12 January 2010 CHIJMES Hall About The University of Nottingham A Financial Times Global Top 100 MBA World Top 100 MBA (Economist Intelligence Unit 2009) The Business School is Top 10 in the UK (2009 Times Good217 words
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Advertisement335 2010-01-12 7 r WEALTH MANAGEMENT AIA ASSET EVOLUTION 9 TJ V, —A N *****11% Making smart investment decisions just got simpler Introducing AIA Asset Evolution, the investment-linked product that makes wealth management truly effortless. These days, it may seem a confusing financial world out there. But with AlAAsset Evolution, all that's about335 words
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SINGAPORE MARKETS
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Article, Illustration600 2010-01-12 8 R SIVANITHY - STI rises 10.77 points as benign Wall Street, news of China’s export growth contribute to positive sentiment STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rose 10.77 points to 2,933.53 in line with a rise in Hong Kong and expectations of a firmSource: Bloomberg - 600 words
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Article186 2010-01-12 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 3 0 0 0 9 3 3 Manufacturing 121 27 67 12 5 10 133 32 77 Commerce 36 14 26 8 2 8 44 16 34 Tpt/Stor/Comms 24 10 9186 words
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BROKERS’ TAKE
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Article258 2010-01-12 8 CONRAD TAN - Jan 11 close: $3.25 DBS GROUP RESEARCH, Jan 11 Compiled by CONRAD TAN Glossary: FY fiscal/financial year 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) y-o-y year-on-year Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely258 words
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Article122 2010-01-12 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 65,729 65,729 101,885 101,885 Manufacturing 947,794 55,580 1,003,374 488,429 2,689 491,118 Commerce 325,923 37,412 363,335 141,004 8,511 149,515 Tpt/Stor/Comms 209,870 10,651 220,521 309,173 2,177 311,351 Finance 57,487 1 57,488 219,351 219,351 Construction 106,596 9,614 116,210122 words
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Article113 2010-01-12 8 Stock name Close Change Stock name Close Change CapitaLand 4.300 +0.060 CapitaMall 1.860 -0.010 CityDev 11.780 +0.140 ComfortDelGro 1.620 -0.010 Cosco Corp 1.370 +0.060 DBS Grp 15.340 -0.040 F&N 4.490 +0.080 Genting SP 1.230 -0.010 Golden Agri 0.645 +0.040 HK Land 4.860 +0.010 JMH 30.100 -0.480113 words
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Article, Illustration582 2010-01-12 8 CURRENCIES Reuters [LONDON] The US dollar fell broadly yesterday in the wake of weak US jobs data and comments from a Federal Reserve official that US interest rates are likely to stay low for quite some time. The US dollar was alsoReuters; REUTERS - 582 words
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Article66 2010-01-12 8 Jan 11 VALUE CLOSE BT OB/OS 1482.00 +150.0 BT CADI -*****.00 +232.0 BT 10-day MA -*****.00 +148.0 FTSE ST Mid Cap 726.06 +6.86 FTSE ST Small Cap 590.30 +10.66 FTSE ST All Share 729.01 +3.89 FTSE ST China Top 306.54 +6.09 FTSE ST China 313.60 +2.69 FTSE66 words
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Article57 2010-01-12 8 VOLUME Golden Agri 191,146,000 Genting SP 102,498,000 China Hongxing 94,375,000 Abterra 89,255,000 GMG Global 85,255,000 ChinaSports 68,178,000 Ban Joo 56,455,000 NOL 49,193,000 Oceanus 45,615,000 BanJoo W*****2 43,438,000 VALUE($) Genting SP 127,912,030 Golden Agri 122,801,970 NOL 91,348,610 OCBC Bk 81,628,870 Wilmar 79,265,890 SingTel 66,264,760 Keppel Corp 61,381,910 Cosco57 words
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Article112 2010-01-12 8 BY CENTS CLOSE UP GLD 10US$ ***** 444.3 2.9 DBXT MSKorea 10US$ 4903 159.7 2.4 Lyxor EmergingMkts 1 1033 91.6 6.8 DBXT Nifty 10US$ ***** 69.4 0.4 STXPO 100 1602 52.0 3.4 OCC 3.93% NCPS10 8420 40.0 0.5 HL Asia 325 37.0 12.8 DBXT MSAsExJp 10US$ 2909 30.5 0.8112 words
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Article, Illustration257 2010-01-12 8 KEN TAI - CHART POINT By KEN TAI By Senior Technical Strategist KELIVE RESEARCH (Part of the Kim Eng Group) DESPITE weak US jobs data, bullish forecasts from brokers and expectations of a January Capricorn effect helped lift markets overall. There was notable interest in second liners, small257 words
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Article121 2010-01-12 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4717 -80.5 -1.2 JMH 3010 -66.6 -1.6 DBXT S&P Short 10US$ 5246 -52.8 -0.7 DBS Bk 6% NCPS 10 ***** -38.0 -0.4 OmegaNav 502 -33.0 -6.2 OCBC Bk 880 -11.0 -1.2 OCBC Bk 4.5%NCPS 100 9820 -10.0 -0.1 Haw Par Corp 587121 words
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Article87 2010-01-12 8 Where S$ stands Jan 11 CHNG YR 2010 CLOSE FR Jan 8 S$ LOW S$ HIGH US$ 1.3878 0.74 1.4044 1.3878@ Euro 2.0141 -0.58 2.0133 2.0025 Pounds 2.2378 0.14 2.2687 2.2242 A$ 1.2923 -0.89 1.2923# 1.2617 Yen* 1.5027 -0.02 1.5188 1.5027@ Rupiah* 0.***** 0.09 0.***** 0.***** Baht* 4.1985 0.4187 words
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SINGAPORE NEWS
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497 2010-01-12 9 CHUANG PECK MING - Measures include having lawyers on SMC’s disciplinary tribunals By CHUANG PECK MING PARLIAMENT yesterday beefed up the Medical Registration Act which ensures that doctors are competent and fit to practise medicine with measures that include the controversial move for lawyers to be appointed to the497 words
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Article, Illustration447 2010-01-12 9 CHUANG PECK MING - YESTERDAY IN PARLIAMENT By CHUANG PECK MING EVEN as regulators in the US and Europe are moving to boost market controls, Singapore’s regulatory philosophy remains sound and relevant, said its central bank’s deputy chairman Lim Hng Kiang. The approach built on a robust447 words
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314 2010-01-12 9 OH BOON PING - By OH BOON PING THE Singapore government can now cut its interest expense by redeeming its government bonds before maturity at market price, thanks to a bill passed in parliament yesterday. And this is just one of three major changes made to the314 words
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PARLIAMENT BRIEFS
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75 2010-01-12 9 SMOKERS have been making bigger contributions each year to the government’s coffers. Finance Minister Tharman Shanmugaratnam, in a written answer to Member of Parliament Hri Kumar Nair (Bishan-Toa Payoh), says the government’s collection of excise duty on tobacco products jumped from $621 million in75 words
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125 2010-01-12 9 THE number of contract workers jumped 4.3 per cent to 197,200 in the year ending June 2009, according to the latest figures available. The increase was higher than the number for permanent employees, which rose just 0.8 per cent in the same period. Manpower125 words
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Article, Illustration375 2010-01-12 10 LEE U-WEN - Two new chapters set up in Hanoi and Ho Chi Minh City bring total to 21 By LEE U-WEN THE Nanyang Technological University (NTU) is expanding its global alumni network this week with the opening of two new alumni associations in Vietnam. The Hanoi chapter375 words
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369 2010-01-12 10 TEH SHI NING - By TEH SHI NING MORE small and mediumsized enterprises (SMEs) here continued to pay their suppliers promptly last quarter as confidence picked up and cashflow improved. 62 per cent of bills owed were paid promptly in Q409, improving from 61 per cent369 words
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Article306 2010-01-12 10 Asia Fashion Exchange will be an annual event THE spotlight will be on Singapore this April when fashion initiative Asia Fashion Exchange (AFX) kicks off. A joint effort by International Enterprise (IE) Singapore, Spring Singapore (Spring), the Singapore Tourism Board (STB) and the private sector,306 words
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Article244 2010-01-12 10 A GROUP of nine research projects was awarded $3.57 million in grants by the National Research Foundation (NRF) yesterday under its Translational Research Development (TRD) Grant Scheme. The $25-million TRD Grant initiative was started in March 2008 to enable polytechnics to carry out translational244 words
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Advertisement443 2010-01-12 9 Employee Remuneration Reporting A workshop that helps you get it right! Venue Singapore Marriott Hotel Time 9am to 5pm Date 22 January 2010, Friday Seminar Objectives This workshop will provide you with an update on the government's recent focus on compliance with employee remuneration reporting. It is designed to help443 words
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Advertisement11 2010-01-12 10 CLA/AUG06/g CATS Recruit The first door to your world of opportunities11 words
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SME Inc
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Article, Illustration1202 2010-01-12 11 CHEN HUIFEN - Observers of local family businesses say SMEs that were founded in the 1940s-1970s have already begun their leadership transitions through the 1990s. However, as CHEN HUIFEN finds out, the leadership transition is not without challenges CHEN HUIFEN A NUMBER of young faces showed up atFILE PHOTO - 1,202 words
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Article, Illustration891 2010-01-12 11 CHEN HUIFEN - By CHEN HUIFEN LIKE many fresh graduates before him, Derrick Yap, 31, had wanted to join a multinational firm, either in the advertising, finance, or events management fields because “I felt that those were more interesting”. But his father, Tony, founder ofFILE PHOTO - 891 words
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Article, Illustration836 2010-01-12 12 CHEN HUIFEN - Innoplan is preparing itself to be managed by professional staff, reports CHEN HUIFEN CHEN HUIFEN IVY Seah, 50, COO of office furniture firm Innoplan, was roped in to the family business by her brother more than a decade ago. An accountant by training, she had run a beautyBY YEN MENG JIIN - 836 words
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Article242 2010-01-12 12 HAVE you ever wondered how entrepreneurs such as Olivia Lum of Hyflux International made it in the business world? Sign up for the Going Global series, which kicks off with its first session on Jan 27, to get your answers. A collaboration between Action Community for242 words
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Article, Illustration786 2010-01-12 12 CHEN HUIFEN - By CHEN HUIFEN WHILE not denying that he is one of the youngest if not the youngest secondgeneration successors in town, PowerPlus Group managing director Marcus Ong brushes aside his youth and lack of life experience as possible obstacles in running a786 words
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443 2010-01-12 12 TEH HOOI LING - By TEH HOOI LING S-CHIPS or China stocks listed on the Singapore Exchange are being re-rated on the anticipation that some of them may eventually seek a dual-listing in another market, namely either Hong Kong or Taiwan. Such a move will typically translate into443 words
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Article, Illustration1419 2010-01-12 13 JUNE LEE,EDDIE GAN - Succession of management, values and ownership needs to be addressed for smooth transition to the next generation By JUNE LEE,EDDIE GAN June Lee is head of family governance advisory and executive director in UBS KeyClients Competency Centre. Eddie Gan is managing director and Singapore countrySTOCK.XCHNGE - 1,419 words
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Advertisement83 2010-01-12 11 Innoplan’s Ivy Seah and Powerplus Group’s Marcus Ong, Page 12 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven83 words
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Advertisement32 2010-01-12 12 'J.-i '--J-, TTV, U FIND THE ONES J THAT FIT! Recruit the right people J through CATS Recruit. Call 1800 289 8822 or email x recruit@sph.com.sg J to advertise. I L—I a32 words
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Advertisement98 2010-01-12 13 Voices We are extending the deadline to last week's topic: The recent Asean -China FTA has triggered hopes that it will expand Asia’s trade reach, and boost intra-regional trade. How best can Singapore SMEs benefit from the new trade agreement? If you are an SME owner or leader, we would98 words
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Advertisement1298 2010-01-12 13 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0346M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of United Pulp Paper Company Limited (the "Company") will be held at Buona Vista Room,1,298 words
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ECONOMY WATCH
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Article, Illustration470 2010-01-12 14 Demand uncertainty, competition among factors preventing growth: survey Bloomberg [LONDON] UK financialservices companies are more pessimistic than at any time in the past year on the outlook for business growth, according to the Confederation of British Industry (CBI). “The bounce in UK finan-cial-servicesBloomberg; REUTERS - 470 words
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260 2010-01-12 14 Reuters [DUBAI] Abu Dhabi Investment Authority (ADIA), considered the world’s largest sovereign wealth fund, still sees big risks to the global economy and plans to refine its investment approach to cope with downturns. In an interview published in German business daily HandelsblattReuters - 260 words
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474 2010-01-12 14 Bloomberg [WASHINGTON] The Federal Reserve will ask a US appeals court to block a ruling that for the first time will force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailoutBloomberg - 474 words
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Article, Illustration442 2010-01-12 14 Bloomberg [WASHINGTON] The government may need to continue “targeted” programmes to stimulate the US economy even as growth over the first half of this year is likely to be enough to create jobs, President Barack Obama’s chief economist said. “We are getting closer toBloomberg; REUTERS - 442 words
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430 2010-01-12 14 Reuters [SHANGHAI] US Federal Reserve monetary policy is unlikely to be pushed off course by December’s surprising job losses, a senior Fed official said here yesterday. St Louis Federal Reserve Bank president James Bullard told reporters after a speech atReuters - 430 words
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519 2010-01-12 14 NYT [RIO DE JANEIRO] A disputed plan by President Cristina Fernandez de Kirchner of Argentina to use billions of dollars in foreign currency reserves to repay debt has inflamed political tensions in that country, Latin America’s third-largest economy. M s Ki rNYT - 519 words
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MALAYSIA/INDONESIA
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449 2010-01-12 15 S JAYASANKARAN - But shares continue to languish after directors convene briefing for analysts By S JAYASANKARAN SHARES in Alliance Financial Group, which owns Malaysia’s smallest financial house, continued to languish yesterday after falling a full 14 per cent last week in the wake of rumours of449 words
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Article, Illustration414 2010-01-12 15 PAULINE NG - By PAULINE NG MALAYSIA has signed a cooperation framework agreement with State Grid Corporation of China (SGCC), the world’s largest utility, in a project that could eventually total some US$11 billion. The SGCC agreement with 1 Malaysia Development Bhd (1MDB) was one to setAFP - 414 words
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436 2010-01-12 15 Bloomberg [JAKARTA] Indonesia may have to reward investors with higher yields than the Philippines to borrow US$4 billion as a rally in emerging-market bonds slows after the biggest gains in six years. South-east Asia’s largest economy may sell 10-year debt at aBloomberg - 436 words
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Advertisement2819 2010-01-12 15 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Goodland Group Limited (Incorporated in the Republic of Singapore) (Registration No: *****5522N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of the shareholders of Goodland Group Limited (the "Company") will be held at Seletar Country Club,2,819 words
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GREATER CHINA
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514 2010-01-12 16/17 Monthly imports of crude oil, soya beans hit new high; copper imports rise sharply Reuters [BEIJING] China ended 2009 with record monthly imports of crude oil and soya beans and a strong appetite for iron ore and copper, while its aluminium and steel sectorsReuters - 514 words
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Article, Illustration410 2010-01-12 16/17 Govt does not want to provoke a bigger credit surge, he says Reuters [SHANGHAI] Chinese banks have rushed to book loans in the first days of 2010 for fear of the policy noose being tightened around them, but the government willReuters; BLOOMBERG FILE PHOTO - 410 words
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243 2010-01-12 16/17 AFP [BEIJING] Thousands of officials have fled China over the past 30 years with some US$50 billion in public funds, state media said yesterday, as the government scrambles to stem the tide of corruption. As many as 4,000 officials have disappeared, usingAFP - 243 words
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INDIA/CHINA
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374 2010-01-12 16/17 Bharti Airtel, Reliance Coms cut phone rates to match new players Bloomberg [MUMBAI] Bharti Airtel Ltd and Reliance Communications Ltd, the only stocks that fell in the Indian benchmark index last year, may extend their drop as competition drives mobile-phone rates lower, KotakBloomberg - 374 words
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Article, Illustration573 2010-01-12 16/17 AFP [SYDNEY] China has concluded its commercial espionage investigation into an executive with mining giant Rio Tinto, but was yet to determine whether he would face trial, Australia said yesterday. Australian pass-port-holder Stern Hu was arrested in Shanghai in July with three Chinese colleaguesAFP; REUTERS - 573 words
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Advertisement161 2010-01-12 16/17 matter how the iw Tap on our expertise to find the right fit for your investments. Economic recoveries are rarely straightforward and can take on different shapes and varying time frames. While it is hard to say for sure where today's investment and property markets are headed, what is certain161 words
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Advertisement20 2010-01-12 16/17 e 0f "SBC P mar km iSB&>'"Sf Property mai ef fUr "s out, HSBC can c° n e wvt- tilV**20 words
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Advertisement211 2010-01-12 16/17 jft o&° A rewarding start to a great relationship. Join HSBC Premier* and receive: Samsung 32" Full HDTV Samsung 37"Full HDTV t when you take up a home loan* at the same time As an HSBC Premier customer, enjoy exclusive access to a world of banking privileges including: International recognition211 words
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ASIA-PACIFIC
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Article, Illustration482 2010-01-12 18 16.5t won blueprint scraps 2005 plan to relocate parts of govt to Sejong AFP [SEOUL] South Korea yesterday announced a 16.5 trillion won (S$20.4 billion) blueprint to develop a new city as a science and education hub, scrapping controversial plans to relocateAFP; PHOTO: AP - 482 words
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362 2010-01-12 18 AP [DUBAI] Investors battered shares of Arabtec Holding on Sunday after the Dubai construction giant, which helped build the world’s tallest tower, agreed to sell a controlling stake to a state-run investment fund in neighbouring Abu Dhabi. Arabtec shares plunged 6.9 per centAP - 362 words
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298 2010-01-12 18 They denounce him for alleged illegal occupation of land Reuters [KHAO YAI THIANG, Thailand] Thousands of supporters of former premier Thaksin Shinawatra rallied yesterday outside the rural home of a royal adviser they accuse of involvement in the 2006 coup that toppled the billionaire.Reuters - 298 words
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Page 18 Advertisements
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Advertisement212 2010-01-12 18 GHEST DECISION c? X u THET E A 2 g g W WITH A WALL STREET BANK TO PURSUE MY PASSION IN TRADING. NO REGRETS. Eigen Tao Trader, Nyenburgh my paper Executive Look 2009 Finalist fu Now in its third year, my paper Executive Look provides the perfect platform for212 words
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WORLD
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Article, Illustration523 2010-01-12 19 US$7.6 billion deal will help Dutch firm grow in Mexico and Brazil AP [AMSTERDAM] Dutch beermaker Heineken will buy the beer-making operations of Mexico’s Femsa Cerveza in an all-share deal. The deal values Femsa, the maker of Dos Equis, Tecate and Sol beers, at US$5.5 billion,AP; AFP - 523 words
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434 2010-01-12 19 Orange-juice futures rise to two-year high amid output fears NYT Bloomberg [LAKELAND, Florida] Frosted oranges, strawberries encased in ice: The images of Florida’s freezes are familiar, sad and earthy. But just past the crop rows here in the state’s agricultural core, thereNYT; Bloomberg - 434 words
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Article, Illustration535 2010-01-12 19 AP [LAS VEGAS] A New Jersey company says it has developed “the world’s first sex robot”, a life-size rubber doll that’s designed to engage the owner with conversation rather than lifelike movement. At a demonstration at the Adult Entertainment Expo in LasAP - 535 words
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370 2010-01-12 19 Reuters [ZURICH] CEO Oswald Gruebel’s tough turnaround medicine may already have eased the pain at UBS in the last part of 2009, when analysts expect the Swiss bank to post its first quarterly profit in more than a year. Traders said a reportReuters - 370 words
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322 2010-01-12 19 Reuters [STOCKHOLM] Formula One (F1) supremo Bernie Ecclestone and investment company Genii Capital will soon have initial financing to show GM they can fund a purchase of carmaker Saab, daily Dagens Industri wrote yesterday. The paper said Mr Ecclestone and Genii wouldReuters - 322 words
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436 2010-01-12 19 Bloomberg [NEW YORK] No US industry has faster profit growth than banks and brokers, and no group is more hated by investors. Analysts say earnings at financial companies rose 120 per cent in the fourth quarter, accounting for all of the income increase inBloomberg - 436 words
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Page 19 Advertisements
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Advertisement27 2010-01-12 19 ft*® ft Lianhe Zaobao With heavy inflow of funds Will the 1992 Hainan property bubble burst history repeat itself P 1 For Subscription, call 6388 3838 www.sphsubscription.com.sg27 words
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EDITORIAL & OPINION
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495 2010-01-12 20 EDITORIAL THERE is never a dull moment in the aviation business. After struggling with soaring fuel costs in 2008 and plummeting demand in 2009, the industry comes into the new decade with another combination of issues, not least of which is security. Last Saturday night,495 words
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Article, Illustration809 2010-01-12 20 KEVIN HASSETT - THE BOTTOM LINE KEVIN HASSETT Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist Bloomberg THE largest machine in the history of the world has gradually begun to operate in a small town outside Geneva. The policy questionsBloomberg - 809 words
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Article, Illustration966 2010-01-12 20 LEON HADAR - It doesn’t look good for jobs and for Obama A weak job market is slowing the momentum of the economic recovery LEON HADAR Washington Correspondent FIRST, let us go to the bad news: the US Labor Department report issued on Friday indicated that with 85,000 jobs lost last month, theREUTERS - 966 words
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Article, Illustration1474 2010-01-12 21 GERARD LYONS - And playing a central role in the region’s emergence would play to Singapore’s strengths By GERARD LYONS The writer is chief economist at Standard Chartered Bank ASIA has weathered this crisis well. As the financial crisis unfolded, there were widespread fears the region could sufferFILE PHOTO - 1,474 words
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574 2010-01-12 21 Jimmy Ho Kwok Hoong - LETTER TO THE EDITOR Jimmy Ho Kwok Hoong I REFER to the report “Remisiers struggling to reinvent themselves” by Joyce Hooi (BT, Jan 4). Singapore remisiers were a misunderstood lot in the past, and they still are. Someone needs to clear the574 words
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Article, Illustration873 2010-01-12 21 PAUL KRUGMAN - PAUL KRUGMAN The writer is a Princeton University professor of economics and international affairs, and winner of the Nobel Prize in economics in 2008 NYT AS HEALTHCARE reform nears the finish line, there is much wailing and rending of garments among conservatives.NYT; REUTERS - 873 words
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AVIATION
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566 2010-01-12 22 Airline chief defends 2 execs barred from leaving Vietnam after hedging losses Reuters [CANBERRA] Australia’s Qantas Airways Ltd expects an investigation into lossmaking fuel hedging in its Vietnamese joint venture airline to run for months after two executives were barred from leavingReuters - 566 words
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Article, Illustration587 2010-01-12 22 A final decision on the future of carrier is likely this week Bloomberg [TOKYO] Japan Airlines Corp is preparing for what may be the country’s sixth-largest bankruptcy as Prime Minister Yukio Hatoyama breaks with predecessors who bailed out the carrier three times inBloomberg; REUTERS - 587 words
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Article3115 2010-01-12 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Ahmedabad AI7201 1900 NH6292 1900 SQ530 1900 Amsterdam LO4031 0610 AZ3993 01253,115 words
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291 2010-01-12 22 Bloomberg [WELLINGTON] Auckland International Airport Ltd, New Zealand’s largest, agreed to pay A$133 million (S$171 million) for a stake in two airports in Australia’s Queensland state to gain more from Asian travel. The purchase of Westpac Banking Corp’s 25 per cent stake inBloomberg - 291 words
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4233 2010-01-12 23 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN NOL/CDN *Loads E./W. Malaysia,4,233 words
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Page 22 Advertisements
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Advertisement161 2010-01-12 22 BT/ZUJI Deals of the Week ECONOMY CLASS AIRFARES (fr DEAL OF THE WEEK BUSINESS CLASS AIRFARES (fr Los Angeles HOTEL (fr $62 $1,157 Philippine Airlines $4,092 Philippine Airlines DESTINATIONS ECONOMY CLASS AIRFARES HOTEL WEATHER Bangkok Brisbane Hong Kong Kuala Lumpur London New Delhi New York Seoul Xiamen $289 $824 $510161 words
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Page 22 Miscellaneous
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Miscellaneous298 2010-01-12 22 CRYPTIC CROSSWORD Across 7 Model soldier, like leader of military (8) 9 By word of mouth round mass meeting (6) 10 Extremities of Sark, the ancient island (4) 11 I see today’s cryptic may make one be careful (4,4,2) 12 A goddess duke entertained (6) 14 Speedo is rigged in298 words
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Page 23 Advertisements
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Advertisement11 2010-01-12 23 -.THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 132711 words
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256 2010-01-12 24 Bloomberg [SHANGHAI] Shanghai’s annual cargo box traffic fell for the first time in more than three decades on slumping demand for Chinese exports, undermining the port’s bid to surpass Singapore as the world’s busiest container harbour. Shanghai’s container volume fell 11 perBloomberg - 256 words
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Article, Illustration578 2010-01-12 24 It prepares to receive more bigger liners to its modern cruise terminal Bernama [DUBAI] Dubai’s nascent cruise industry is set to buck the global downturn with a predicted 30 per cent surge in passenger traffic in 2010 as the emirate gears upBernama; AFP - 578 words
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Article623 2010-01-12 24 Upside is that the sector is more confident this year Reuters [LONDON] The recession has taken its toll on London’s International Boat Show this year with fewer exhibitors and smaller attendances expected, but boat-builders are more confident for 2010, organisers said. Britain’s marine industryReuters - 623 words
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Page 24 Advertisements
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Advertisement133 2010-01-12 24 NOTICE OF PEAK SEASON SURCHARGE In consideration of the pre-Chinese New Year cargo rush and in order to also ensure that the Member Lines are able to provide the required service to meet the needs of their customers during this period, the Member Lines of the Asia West Africa Trade133 words
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SINGAPORE STOCKS
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Article9103 2010-01-12 25 Transaction date: Jan 11 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 unch 610 17 17 17 17.5 5 0.6 30.9 81.4 9.5 2.5 58349,103 words
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Article1769 2010-01-12 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 5 6.5 4.8 25 12 8538 t APStrategic 15 -2 75 16 14.5 15 161,769 words
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Article9287 2010-01-12 26 UNIT TRUSTS FUNDS UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!& 2.224/ AIGIF S'pore Bond Fund✓^ 1.388/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd9,287 words
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Article464 2010-01-12 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110 108.4 110 502.1 846 427 CIMBAsean40 100US$ US846 +12 140 846 841 844 847 33.8 297464 words
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Article260 2010-01-12 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A51 50 53 3.6 6.9 4.1 132.8 31 6 6017 Genting HK US$ US25 -0.5 1122 25.5 25 25 25.5260 words
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FINANCE & COMMODITIES
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365 2010-01-12 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 8 Index Change Change Change Change Change Change World Index Preliminary 851.3 0.2 25.6 0.1 25.8 0.2 29.9 EAFE Preliminary 803.6 0.5 23.8 0.5 26.6 0.6 30.7 Europe Preliminary 1149.6 0.4365 words
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Article180 2010-01-12 27 Jan 11 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 3/16 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.53 0.43 9 months 0.90 0.60 12180 words
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Article22 2010-01-12 27 Jan 11 S$ Bid Offer 1-month 1.3887 1.3907 2-months 1.3890 1.3911 3-months 1.3893 1.3913 6-months 1.3900 1.3921 Source: OCBC22 words
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Article132 2010-01-12 27 Jan 11 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2820 1.3210 Can dollar 1.3450 1.3620 Euro 2.0010 2.0240 NZ dollar 1.0200 1.0430 Sterling pound 2.2250 2.2500 US dollar 1.3820 1.3970 Local dollars to 100 units of foreign132 words
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Article29 2010-01-12 27 Jan 11 Open High Sett STI Jan 2936 2940 2933 SIMSCI Jan 350.3 353.5 352.3 Taiwan Jan 299.3 301.9 300.5 Source: MF Global (S) Pte. Ltd29 words
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Article72 2010-01-12 27 Jan 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2580 2543 2580 2535 351 1052 Feb 10 2610 2565 2619 2550 3378 ***** Mar 10 2635 2585 2648 2572 ***** ***** Apr 10 2659 260072 words
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Article334 2010-01-12 27 Jan 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7050 0 ***** Jun10 99.5150 0 8336 Sep10 99.1800 0 2913 Dec10 98.7750 0 2414 EUROYEN TIBOR FUTURES Mar10 99.5900 417 4558 Jun10 99.6300 0 1709 Sep10 99.6500 0 1666 Dec10 99.6400 0 1281 Mar11 99.5550334 words
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Article199 2010-01-12 27 Jan 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 308.0 133.0 308.0 20 729 Mar 10 308.0 133.0 309.5 40 614 Apr 10 292.3 162.5 310.0 0 450 May 10 305.0 213.5 311.0 0 730 Jun199 words
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Article86 2010-01-12 27 Jan 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15.04.2010 0.54 0.53 0.50 1-Year BY*****N 01.11.2010 0.57 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****H 3.625 01.07.2011 104.45 5-Year N*****0N 1.375 01.10.2014 100.30 7-Year N*****0S86 words
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Article107 2010-01-12 27 Jan 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1013.00 1017.75 1018.25 1005.00 Mar 10 1022.00 1026.00 1029.00 1013.25 May 10 1027.75 1031.00 1033.50 1018.75 Jul 10 1032.25 1035.50 1038.00 1023.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 10 39.53 39.99 39.95107 words
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Article77 2010-01-12 27 CRUDE OIL PRODUCTS Jan 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.35 0.01 WTI (Near Mth) 82.88 0.23 Dubai (1-Mth F) 80.52 -0.26 Tapis blend 83.20 -0.40 Minas 84.75 1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.83 0.61 Jet Kerosene 89.95 -1.20 US$/barrel Opec Oil77 words
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2324 2010-01-12 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pac Strategic W*****6 2.5 unch 316 1 15 17 6.00 52 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 7 8756 Asiatic Grp (H) Ltd W*****2 10.52,324 words
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Article466 2010-01-12 27 Jan 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.956 6.349 0.642 7.213 42.154 85.011 0.859 10.416 3.105 1.259 79.012 42.380 1.292 6.798 0.948 29.549 30.744 0.578 0.930 Canada 1.046 6.642466 words
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Article85 2010-01-12 27 Jan 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-01-12 27 Jan 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2911 1.2933 0.9300 0.9302 Canadian dollar 1.3505 1.3531 0.9728 0.9732 Euro 2.0119 2.0150 1.4492 1.4493 NZ dollar 1.0257 1.0276 0.7388 0.7391 Sterling pound 2.2349 2.2387 1.6098 1.6102154 words
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Article142 2010-01-12 27 Jan 11 GOLD (US$/oz) Jan 08 Jan 11 Hong Kong 1124.20 1154.70 Jan 08 Jan 07 London 1128.05 1131.70 1128.85 1132.50 Source: Thomson Reuters CAST BAR Jan 11 (S$) Selling Buying Kilobar "55,263.36" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 124.12 52 5gm 350.96 258 10gm 628.09142 words
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Article69 2010-01-12 27 Jan 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2249.50 2275.25 3 months 2284.00 2310.00 Copper, Grade A (US$/tonne) Cash 7434.00 7506.50 3 months 7461.00 7535.00 Lead (US$/tonne) Cash 2504.75 2572.25 3 months 2532.00 2599.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article77 2010-01-12 27 Jan 8 COCOA (£/tonne) Close Prev High/Low Mar 10 2270 2284 2285/2263 May 10 2276 2290 2292/2271 Jul 10 2253 2268 2268/2250 Sep 10 2219 2234 2230/2218 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1360 1348 1363/1348 Mar 10 1400 1388 1404/1386 May 10 1430 1418 1433/1417 SUGAR (US77 words
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PROPERTY
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Article, Illustration439 2010-01-12 28 CBRE says the worst is over but returns unlikely to start growing until 2011 Reuters [NEW YORK] US commercial real estate investors may have to wait until next year to see their returns start to grow, as returns will likely remain in negativeReuters; BLOOMBERG - 439 words
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Article, Illustration371 2010-01-12 28 Bernama [KUALA LUMPUR] Maymont Development Sdn Bhd is confident of selling all 158 units of its Matahari luxury super condominiums within eight months. The project, with a gross development value of RM700 million (S$291.16 million), is open to both local andBernama; FILE PHOTO - 371 words
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641 2010-01-12 28 NYT [NEW YORK] In the heart of the winter, many American homeowners may be romanticising about a vacation home in warmer climes. Fewer people had the opportunity to buy one last year, what with the mortgage crisis. Lenders now appear more willing toNYT - 641 words
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265 2010-01-12 29 Deal for high-end Shanghai residential property worth more than US$200m Reuters [SHANGHAI] Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than US$200Reuters - 265 words
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404 2010-01-12 29 Bloomberg [HONG KONG] Evergrande Real Estate Group Ltd, China’s third-biggest developer by market value, will begin marketing its first sale of bonds this week to fund projects and repay the remaining balance on a US$433 million loan from 2007. Guangzhou, southern China-basedBloomberg - 404 words
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Article, Illustration490 2010-01-12 29 Bloomberg [SYDNEY] Australian commercial property sales to overseas buyers are set to increase by about a quarter this year as international investors are lured by the nation’s economic growth, according to Kevin Stanley, head of research at CB Richard Ellis, the world’s largestBloomberg; FILE PHOTO - 490 words
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260 2010-01-12 29 Xinhua [WELLINGTON] New Zealand’s house values ended 2009 just 4.9 per cent below the late-2007 peak, having been as much as 9.6 per cent below the peak last April, Quotable Value’s (QV’s) residential index for December showed yesterday While the recovery wasXinhua - 260 words
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Article, Illustration372 2010-01-12 30 KALPANA RASHIWALA - Price for six-storey Jalan Besar building comes to $940psf of net lettable area By KALPANA RASHIWALA CITY Developments Ltd (CDL) is said to have sold another smallish office block, this time at the corner of Jalan Besar and Kitchener Road. The372 words
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352 2010-01-12 30 EMILYN YAP - By EMILYN YAP A PRIVATE fund managed by ARA Asset Management is said to have put 53 units at Grange Infinite back on the market for sale, as activity in the high-end residential sector picks up. BT understands that some of these352 words
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Article, Illustration1633 2010-01-12 30 Bloomberg [DUBAI] Dubai’s housing rout sent prices down 52 per cent in the past year, prompting some homeowners to abandon their cars and mortgage payments and flee the country. Not one received a foreclosure notice. Until now. Barclays plc has won the sheikdom’sBloomberg; REUTERS - 1,633 words
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Page 28 Advertisements
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Advertisement8 2010-01-12 28 *Pm*P ZlSit CZ3 o 0 cling.omy HStCl. www.omy.sg8 words
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Advertisement18 2010-01-12 28 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.18 words
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Page 29 Advertisements
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Advertisement298 2010-01-12 29 Sale^ Knight Frank Lutheran Road bungalow 7000 5000 sq ft Newly Refurbished -5 1 Pool Greenery Less than 1 km to Nanyang Primary *****639/*****124 s*- ma nu QRBBSIadwiMi 1 -Z mm Newsman Sole Marketing Agent 16A CABLE ROAD 1 19,000sqft Spacious Road 1 11,000sqft Living Space 1 Sumptuous Interiors with298 words
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Advertisement193 2010-01-12 29 Thinking of buying a holiday home? The Hideaways Club For the cost of a small apartment you can own an equity share in 25 luxury homes in Europe, Mauritius, South Africa and South-East Asia and benefit from future capital growth. The Hideaways Club uniquely combines an astute investment with the193 words
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Advertisement99 2010-01-12 29 II Tuas Connection Purpose-Built Factory Space Brand New! Semi/Detached factory with Mezzanine floor Excellent specifications Ecologically friendly features Easy access to PIE and AYE Short drive to Tuas Amenities Centre DTZ Business Space 6293 3228 EXCELLENT OPPORTUNITY! SCIENCE PARK BUILDING FOR SALE 2-storey building basement annex building for facilities equipment99 words
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Advertisement66 2010-01-12 29 36 KAKI BUKIT PLACE Business Space For Lease ft 0 •ll II rsil r Bifii" 11 IBiiiiil bi i" 1 Unit sizes from 3,300 sq ft to 51,000 sq ft Loading bays with dock levelers, car park at basement Near food centres, bus stops and other amenities For office showroom66 words
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