The Business Times, 19 May 2011

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Microfilm: NL31342
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, May 19,2011
    23 words
  • Article, Illustration
    Lock icon CABINET OVERHAUL
    1649 1  -  11 of 14 ministries get new bosses, 3 more ministers retire, as PM revamps Cabinet By LEE U-WEN [SINGAPORE] Eleven days after a watershed general election, Prime Minister Lee Hsien Loong yesterday announced sweeping changes to his Cabinet line-up, bringing in new chiefs for 11 of the 14
    1,649 words
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  • TOP STORIES
    • Article
      Lock icon Change in the air, but challenges lie ahead
      698 2  -  COMMENTARY By ANNA TEO IN unveiling his new Cabinet yesterday, Prime Minister Lee Hsien Loong said he has gone for a “comprehensive reshuffle”, with the new lineup reflecting a “radical change” after a watershed election. The changes amount, in fact, to a
      698 words
    • Article
      Lock icon Message has been heard loud and clear: analysts
      1160 2  -  Accountability is the byword and it is not a concession to populism, they say By JAMIE LEE [SINGAPORE] The thorough overhaul of Cabinet surprised several analysts, who noted that the call for accountability came through decisively. This may also bring a fresh
      1,160 words
    • Article
      Lock icon Don’t let GE emotions cause a rift: DPM Wong
      483 2  -  S’pore must maintain ‘strong resilience and unity of purpose’ By JAMIE LEE ter Lee and Senior Minister Goh (Chok Tong) when he was prime minister that I could leave the Cabinet anytime when they wish to renew the team.” Mr Wong
      483 words
    • Article
      Lock icon Correction
      41 2 In the report “Brisk car sales drive March retail sales up” (BT, May 14), retail sales in March excluding motor vehicles gained 7 per cent, and not 0.8 per cent, from the year-ago period. We are sorry for the error.
      41 words
    • Article
      Lock icon Singapore loses most competitive economy crown
      614 4  -  It slips to 3rd place due to concerns over cost of living By FELDA CHAY [SINGAPORE] Singapore has lost the title of the world’s most competitive economy in a closely watched set of rankings, settling for third place this year as issues such as
      614 words
    • Article, Illustration
      Lock icon RWS slapped with $530k fine over four violations
      606 4  -  Violations related to entry levies, surveillance footage and alarm system By GRACE LEONG [SINGAPORE] Genting Singapore’s Resorts World Sentosa (RWS) was hit with a $530,000 fine over four violations of the Casino Control Act and its regulations, including reimbursing entry levies paid
      THE STRAITS TIMES FILE PHOTO  -  606 words
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      75 2 O A T 1 19th 21st May R J (Thur Sat) 100 WINE LABELS UP TO 50% OFF $20 ONWARDS Level 3 Unit 22, Shaw Centre 1 Scotts Road (S) *****8 Operating Hours: 10am 7.30pm Payment by CASH/NETS only Receive a $20 voucher for self collection* For more information, please
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      22 2 ,Grow Your Stock Call 1800 289 8822 or I e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices 5 NOTICES j O I
      22 words
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      867 4 X s V <s* S •v J m i COUltyoiSiER V\ c VSop JEXCLUSJF COGNAC r -Y HSS"=™38 COU^yOlSIER 'ft UPHROAIG Maker's |^)Mark TEACHER'S I BLENDED SCOTCH WHISKY SMALL BATCH IARIOS DRY GIN SDURZ BOURBON COLLECTION'" SWEET SOUR LIQUEUR FAMOUS GROUSE FINEST SCOTCH WHISKY MACAU, AM' Highland THE GLENROTHES A.
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      136 5 Windows®. Life without Walls™. SAMSUNG recommends Windows 7 inteD inside rffs~r I CORE i 5 Amazingly Light, Incredibly Strong. j J J J J ow that's what we calllperfect balance. Samsung Notebook SERIES 91 Weighing a mere 1.31kg, the new Samsung Series 9 Notebook is amazingly light. It is also
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  • COMPANY NEWS
    • Article
      Lock icon Tide turns as investors grow more pessimistic on Europe
      401 6  -  Economy seen weakening next year, poll of fund managers shows FUND VIEWS By JAMIE LEE A STRONGER European economy next year looks to be more of a lost cause, according to investors surveyed by BofA-Merrill Lynch this month. In a single
      401 words
    • Article
      Lock icon Alternative assets gaining traction
      565 6  -  By MICHELLE TAN THE year 2010 marked a strong year for manager search activity as institutional investors diversified their portfolios, spurring the demand for emerging (EM) market and alternative asset classes, says Mercer. Last year, the leading global provider of consulting, outsourcing and investment services advised
      565 words
    • Article
      Lock icon Chew’s growth story fails to eggcite investors
      598 6  -  HOCK LOCK SIEW By EMILYN YAP SINGAPORE consumes a stunning four million eggs a day on average, but that gastronomic passion has yet to translate into investor interest for local egg producer Chew’s Group. Since Chew’s Group listed on Catalist in February with
      598 words
    • Article, Illustration
      Lock icon MGM China to raise US$1.5b in June IPO
      586 8  -  It will offer 760m shares at HK$12.36-HK$15.34 each By GRACE LEONG A Macau joint venture of MGM Resorts International of Las Vegas hopes to raise up to US$1.5 billion in an initial public stock offering on the Hong Kong Stock Exchange on
      REUTERS  -  586 words
    • Article, Illustration
      Lock icon New Hope sets up regional office in S’pore
      628 8  -  By LYNETTE KHOO AS part of its overseas expansion, Chinese conglomerate New Hope Group has set up a Singapore company to hold its South-east Asian assets and serve as a regional office. It may eventually seek a public listing for this company
      628 words
    • COMPANY BRIEFS
      • Article
        Lock icon CES wins $74m contract from Pasir Ris EC
        85 8 CHIP Eng Seng Corp’s wholly owned subsidiary, CES Engineering and Construction Pte Ltd, has been awarded a main contract worth $74 million by Pasir Ris EC Pte Ltd. Pasir Ris EC is a 40:60 joint venture between CEL Development Pte Ltd and
        85 words
      • Article
        Lock icon DMX renews contract with HK’s MTR Corp
        76 8 DMX Technologies Group’s subsidiary, DMX Technologies (HK) Ltd, has renewed its managed security services (MSS) contract with MTR Corp, the largest HK public transport operator, for a further three years. As part of the agreement, DMX said it will provide its full suite
        76 words
    • Article, Illustration
      Lock icon CapitaLand to book $100m in China gains
      295 9  -  It sells residential site in Shanghai and 398-room Hilton hotel in Kunshan By UMA SHANKARI CAPITALAND expects to book a net gain of $100 million after selling two assets in China recently, it said yesterday. The property group sold off its 100 per
      295 words
    • Article
      Lock icon M1 hit by mobile outage
      335 9  -  By WINSTON CHAI A NUMBER of M1 subscribers were left seeing red after a kink with one of the firm’s backend systems left them cut off from key mobile services. The network issue came to light after some M1 customers took to online forums and
      335 words
    • Article, Illustration
      Lock icon SingPost buys remaining 30% stake in DataPost
      288 9  -  By NISHA RAMCHANDANI SINGAPORE Post (SingPost) is acquiring the remaining 30 per cent stake in DataPost from Oce NV for $6 million, in a move aimed at ramping up SingPost’s hybrid mail business. Since 1994, SingPost has held a 70 per cent stake
      288 words
    • Article, Illustration
      Lock icon Mencast to acquire Top Great for $24m
      299 9  -  Move to diversify product and service range By TEO SI JIA STERNGEAR equipment manufacturer and services provider Mencast Holdings has entered into an agreement to acquire Top Great Engineering Marine for $24 million. Of the amount, $9.6 million will be funded by cash
      FILE PHOTO  -  299 words
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      187 words
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      301 7 m <** SE rJ'S* 4* fee. a xx v I'ffyj V.i) >z^c% .v., ,V-V- ,:w I y 'v. l\ 'I ft/-. X j Heftr ®5j'X > «%< «S& «BS> %>/$ I m Yl -•V m %u -.-'J. w V/#fe'- iS '*--'■> YL i '-i *r£; i Wk v&yJ. m .,>►'
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      754 8 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg «QNB Together Forward Capital Adequacy Board of Directors Chairman of the Board of Directors H.E. Yousef Hussain Kamal Members H.E. Sheikh Jassem Bin Abdulaziz Bin Jassem Bin Hamad Al-Thani H.E. Sheikh Hamad Bin Jaber Bin Jassem Al-Thani H.E. Sheikh Hamad Bin Abdullah Bin
      754 words
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      169 8 NANYANG TECHNOLOGICAL UNIVERSITY N Nanyang Business School anyang EXECUTIVE EDUCATION Expand. Enhance. Excel. Management Development Programme Nanyang Global Strategy. Asian Applications. The only constant is change. And with an ever-changing global economy come challenges that require more than just time-tested solutions and concepts to deal with them. The Management Development
      169 words
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      92 9 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers
      92 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks continue to drift in low volume
      594 10  -  Traders focus on penny counters, liquid blue chips and situational stocks STOCKS R SIVANITHY Senior Correspondent THE local stock market trod a familiar path yesterday as prices drifted within narrow bands and liquidity remained low, largely generated by proprietary desks and program trades.
      Source: Bloomberg  -  594 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 May 18 VALUE CLOSE BT OB/OS -234.00 +225.0 BT CADI -*****.00 +14.0 BT 10-day MA -*****.00 -23.00 FTSE ST Mid Cap 758.37 +4.00 FTSE ST Small Cap 540.41 +2.28 FTSE ST All Share 770.37 +1.76 FTSE ST China Top 271.01 +1.09 FTSE ST China 306.85 +1.88 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 10 VOLUME Golden Agri 149,093,000 Artivision 74,443,000 Genting SP 59,066,000 Tuan Sing 54,780,000 Digiland 49,144,000 UMS 46,399,000 NexGenSCom 37,075,000 RenewableEne 35,129,000 GMG Global 24,024,000 Noble Grp 21,207,000 VALUE($) Genting SP 122,889,799 Golden Agri 102,379,030 Keppel Corp 83,113,360 DBS Grp 74,927,460 Wilmar 73,146,600 SingTel 64,063,992 UOB 53,929,960 StraitsAsia 44,854,066
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 4 0 0 0 4 10 4 Manufacturing 53 57 52 3 8 9 56 65 61 Commerce 19 13 26 2 1 6 21 14 32 Tpt/Stor/Comms 15 17 12
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Banks
        504 10  -  DMG Partners Research, May 18 Compiled by CONRAD TAN THE three banks reported results that were largely in line with expectations, accounting for between 23 and 29 per cent of our full-year earnings forecasts. Whilst loan growth momentum persisted, with mid-single digit sequential loan growth, net interest margins
        504 words
      • Article
        Lock icon Glossary:
        135 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 86,581 86,581 144,696 144,696 Manufacturing 233,187 40,302 273,489 259,153 4,665 263,818 Commerce 150,222 4,653 154,875 100,449 2,451 102,899 Tpt/Stor/Comms 119,733 1,677 121,410 214,882 240 215,122 Finance 16,140 16,140 179,972 179,972 Construction 17,595 270 17,865 5,001
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 10 Stock name Close Change CapMallsAsia 1.670 -0.030 CapitaLand 3.170 +0.020 CapitaMall 1.890 -0.010 CityDev 11.080 -0.120 ComfortDelGro 1.470 +0.010 DBS Grp 14.820 +0.340 F&N 6.020 -0.090 GLP 1.990 +0.070 Genting SP 2.070 Golden Agri 0.695 +0.025 HK Land 7.420 +0.080 JMH 48.620 -0.800 JSH 28.760 -0.380
      110 words
    • Article
      Lock icon Euro upside capped by Greek debt fears
      437 10 CURRENCIES Reuters [NEW YORK] The euro slipped against the US dollar yesterday in volatile trade, undermined by some hedge fund and central bank selling, as the outlook remained clouded with Greece’s debt situation still largely unresolved. There were opposing views on whether or
      Reuters  -  437 words
    • Article
      Lock icon RISES
      115 10 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6365 131.7 1.7 DairyFarm 989 62.1 5.3 Asia Pac Brew 2460 56.0 2.3 HsuFuChi 435 52.0 13.6 DBXT MSINDO 10us$ 1536 38.5 2.1 Hyflux 6% CPS 10 ***** 38.0 0.4 DBS Grp 1482 34.0 2.3 DBXT E50 10US$ 4538 31.1 0.6 OCBC
      115 words
    • Article
      Lock icon FALLS
      120 10 BY CENTS CLOSE DOWN IS S&P500 *****-193.8 -1.2 DBXT FTVietnam 10US$ 3056-178.9 -4.5 DBXT Nifty 10US$ *****-140.4 -0.9 JMH 4862 -99.4 -1.6 Lyxor India Nifty 10 1500 -51.0 -3.3 JSH 2876 -47.2 -1.3 DBXT MSAsExJp 10US$ 3413 -46.0 -1.1 Daiwa FT Shariah Jap 840 -31.1 -2.9 IS MSCI Spore
      120 words
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      52 10 rr4 i €> m X jfl w tz* -mr A 4 V <•« fS0. A Passion CLASSIC RACING COLLECTION 1000 AIGLIA GT XL CHRONOGRAPH CHOPARD BOUTIQUES #01-03 Takashimaya S.C.,Tel. 6733 8111 Bi-ioyThe Shoppes at Marina Bay Sands,Tel. 6688 7999 #02-106 Resorts World Sentosa, Tel. 6723 8016 Also available at all
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      544 11 Carrefour MEET YDUR WINE INTERNATIONAL WINE FAIR 2D1 1 CARREFDUR SUNTEC CITY ATRIUM 19-29 MAY 1 1 U 9 t •H r RESERVE DE LA CDMTESSE 2DD6 RIGIN: PAUILLAC 75CL U.P. $79 '-&J i CHATEAU FDMBRAUGE GRAND CRU 2GG5 RIGIN: SAINT EMILION 75CL U.P. STAND A CHANCE TD WIN s
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore inflation likely to have peaked: MAS MD
      440 12  -  Headline inflation put at 3-4% in 2011; food prices, capital inflows moderating By CONRAD TAN CENTRAL banks in Asia have been actively fighting inflation, which is likely to slow by next year, Monetary Authority of Singapore (MAS) managing director Ravi Menon said
      BLOOMBERG  -  440 words
    • Article, Illustration
      Lock icon Window for local designers to showcase their products
      733 12  -  By LESTER HIO, TAM YU LING UP-AND-COMING local designers now have a chance to display their design chops right here in Singapore, instead of presenting at fashion shows overseas. That, in essence, is the goal of Blueprint 2011, organised by Blueprint Group,
      FILE PHOTO  -  733 words
    • Article
      Lock icon JTC seeks operator for new offshore marine hub
      453 12  -  $54m Tuas project scheduled for completion in Dec By RONNIE LIM A SEARCH is on for an operator to run Singapore’s second offshore marine centre (OMC). Scheduled for completion in December 2011, the 13 ha facility at Tuas View Extension is part
      453 words
    • Article
      Lock icon Shell to re-start stalled ethylene cracker soon
      430 12  -  By RONNIE LIM SHELL is this week trying to re-start its stalled ethylene cracker on Pulau Bukom the core of its new US$3 billion petrochemicals complex. The cracker has been out of action for two months now, with this hitting Shell’s feedstock supplies
      430 words
    • Article
      Lock icon Modelling agencies face CCS rap
      223 12  -  By MAXIE AW YEONG FOR the second time in two weeks, anti-competition watchdog Competition Commission of Singapore (CCS) has issued a Proposed Infringement Decision (PID) for price-fixing activities this time to 11 modelling agencies. The PID, a written notice that sets out the basis for
      223 words
    • Article
      Lock icon Renewable energy? S’poreans say yes: GE survey
      308 12  -  By ENYA LIM A SURVEY by General Electric (GE) Singapore has revealed that over 90 per cent of Singaporeans have a positive view of renewable energy (RE). Carried out less than a month ago, the poll randomly surveyed more than 350 adults from
      308 words
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      205 12 Braadcastlisia2011 Suntec Singapore 21-23 JUNE 2011 10:30am 6pm 24 JUNE 2011 10:30am 4pm 7 1 Asia's Most Relevant Comprehensive Digital Multimedia Entertainment Event Witness the latest technologies in 3D, Animation and VFX, Cinematography, Digital Media Asset Management, HbbTV IPTV, HD Technology, Playout Services and many more Meet key exhibitors such
      205 words
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      107 12 INTHE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND INTHE MATTER OF EGO’SKTVENTERTAINMENTPTE LTD (INCOMPULSORYWINDINGUP) (Co. Reg. No: *****8158C) NOTICE OFDIVIDEND Name of Company: Ego’sKTVEntertainmentPteLtd (In CompulsoryWinding Up) AddressofRegisteredOffice: C/o 47 Hill Street #05-01 Singapore Chinese Chamber of Commerce Industry Building Singapore *****5 Court: Supreme Court, Singapore Numberof Matter CompaniesWinding
      107 words
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  • ARTS FESTIVAL 2011
    • Article, Illustration
      Lock icon From classical music to a DJ set
      663 13  -  Nitin Sawhney will demonstrate the breadth of his talent, says TAN TECK HENG TAN TECK HENG FRESH from premiering his latest album at London’s Royal Albert Hall, British-Indian producer/musician Nitin Sawhney will land on Singapore’s shores to play gigs that are at extreme
      JUSTIN SUTCLIFFE  -  663 words
    • Article
      Lock icon Reinterpreting the master of reinvention
      497 13  -  By REBECCA LIU ONE would expect a piece dedicated to the interpretation of Merce Cunningham’s work to include the critical elements of raw movement shaped by strong lines and a certain quirk of the body. After all, these are features found only in the unique
      497 words
    • Article, Illustration
      Lock icon An intimate, musical journey back in time
      734 13  -  By CHRISTOPHER LIM WHAT makes baroque concerts unique is the amount of leeway that the music of the era gives for personal interpretation compared to the more rigid constraints of classical and romantic repertoire. Harpsichord parts were only sketched out, and organists were
      734 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan business confidence gets better in May
      786 14 Reconstruction prospects help improve mood, but outlook stays hazy Reuters [TOKYO] Japanese corporate pessimism eased in May in a sign the economy may have started bottoming out two months after the March 11 earthquake, a Reuters poll showed, but companies remain cautious over
      Reuters; AP  -  786 words
    • Article
      Lock icon Australia Q1 wage growth slows to 0.8%
      538 14 Lower-than-expected figure eases fears of a rate hike next month Reuters [SYDNEY] Australian wage growth has slowed a touch in the first quarter, easing worries that a tight labour market would add more pressure to inflation and force the central bank to pull
      Reuters  -  538 words
    • Article, Illustration
      Lock icon US budget spending cap plan back on the table
      551 14 Democrat governor shows support for Republican agenda Reuters [SAN FRANCISCO] Republican lawmakers in California may be enticed to step up budget talks with Governor Jerry Brown after his show of support for a spending cap. While unveiling his revised budget plan
      Reuters  -  551 words
    • Article
      Lock icon S Korea reaffirms cautious tightening steps
      314 14 Reu ters [SEOUL] South Korea’s central bank chief yesterday reaffirmed a cautious approach to curbing inflation pressures, less than a week after the central bank wrong-footed markets by not raising rates at its last meeting. Kim Choong-soo repeated a warning about upward pressures on
      Reuters  -  314 words
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      53 words
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  • MALAYSIA
    • Article
      Lock icon EPF to increase forex, property investments
      546 15 Fund aims to hold 20% of its assets in non-ringgit currencies by 2014 Bloomberg [KUALA LUMPUR] Malaysia’s Employees Provident Fund, which manages about US$140 billion of assets, plans to increase foreign currency investments and buy more European and Asian real estate as it hunts
      Bloomberg  -  546 words
    • Article
      Lock icon Malaysia’s GDP grows 4.6% in Q1
      491 15  -  By PAULINE NG in Kuala Lumpur THE Malaysian economy expanded 4.6 per cent in the first quarter of 2011 on the back of higher domestic demand as well as robust regional demand for commodities and non-electrical and electronic products. Domestic demand grew 6.6 per
      491 words
    • Article
      Lock icon M’sian banks to further consolidate: Maybank CEO
      496 15  -  By S JAYASANKARAN in Kuala Lumpur A SENIOR banker has predicted that Malaysia’s banking sector will continue to consolidate, reducing the number of banks to between four and six, from the current eight. Wahid Omar, the chief executive of Malayan Banking, was speaking
      496 words
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      1125 15 MATS NOTICES SILVERLAKE AXIS LTD (incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBYGIVEN thataSpecialGeneralMeetingofSilverlakeAxisLtd(“Company”) will be held at Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, Singapore *****5 on 13 June 2011 at 11.00 a.m. for the purpose of considering and, if thought fit,
      1,125 words
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      67 15 Tube 11 mins Oxford Circus 15 mins London Bridge 22 mins Covent Garden 29 mins Bond Street 15 mins Westminster 21 mins Notting Hill Gate 24 mins Canary Wharf Hampstead Heath 5 mins 16 mins Kensington (Olympia) 19 mins Euston 30 mins 37 mins Stratford and the Olympic Park Moorgate
      67 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon MGM China gets US$190m investments for its IPO
      447 16 Funds come from 4 rich investors led by hedge fund manager John Paulson Reuters [HONG KONG] Macau casino operator MGM China, co-owned by MGM Resorts International and Hong Kong businesswoman Pansy Ho, has received US$190 million from four wealthy cornerstone investors for
      Reuters  -  447 words
    • Article
      Lock icon Movie marketing shifts to mobile phones, Facebook
      466 16 AFP [MUMBAI] Times have changed in Bollywood from the days when all that was required to promote a film was a giant, hand-painted poster, a television or cinema trailer and the pulling power of a star actor. Now, the popular Hindi-lan-guage film industry
      AFP  -  466 words
    • Article, Illustration
      Lock icon Hong Kong buzzes over HK$100m lottery jackpot
      382 16 AFP [HONG KONG] Hopeful crowds descended on betting shops in Hong Kong yesterday as the city buzzed over a HK$100 million (S$ 16 million) lottery jackpot the biggest prize fund in years. The Mark Six jackpot swelled after no one won the HK$75
      AFP  -  382 words
    • Article, Illustration
      Lock icon Eurozone recovery on track, says EU president
      443 17 And euro is a strong currency trusted by investors, he tells China conference AP [SHANGHAI] Ailing European economies are getting their houses in order and the euro remains a trustworthy currency, the European Union’s president said yesterday, describing the region’s recovery as “not
      AP  -  443 words
    • Article
      Lock icon Merkel moved too slowly: Schroeder
      322 17 Former chancellor says euro has been boon to Germany Bloomberg [BERLIN] German Chancellor Angela Merkel has failed to lead during Europe’s debt crisis and must now rise above public opinion to offer more help for troubled euro-area states, former chancellor Gerhard Schroeder said. Ms Merkel
      Bloomberg  -  322 words
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      1636 16 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg it KDB Bank THE KOREA DEVELOPMENT BANK Headquarters: 16-3 Yeouido-dong, Yeongdeungpo-gu, Seoul 150-973, Korea Tel:(82-2) 787-4000/5000/6000/7000 Fax:(82-2) 787-7891 Swift: KODBKRSETlx: KODBANK K***** Website: http://www.kdb.co.kr Singapore Branch: 8 Shenton Way #07-01 AXATower Singapore *****1 Tel: *****188 Fax: *****540 Email: singapore@kdb.co.kr BALANCE SHEETS (BANKING ACCOUNT)
      1,636 words
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      1782 17 (Incorporated in Hong Kong SAR with limited liability) Publication pursuant to Section 25(2) of the Banking Act CONSOLIDATED INCOME STATEMENT Year ended 31 December Figures in HK$m 2010 2009 (restated) Interest income 16,507 16,390 Interest expense (2,207) (2,367) Net interest income 14,300 14,023 Fee income 5,895 5,190 Fee expense (998)
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  • WORLD
    • Article
      Lock icon Bribery rife across Europe’s top firms
      423 18 E&Y survey finds Greek and Russian staff most likely to offer cash bribes Reuters [LONDON] More than onethird of employees in large European companies are prepared to offer cash or lavish gifts and entertainment to win business as the economic downturn prompts firms to
      Reuters  -  423 words
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      Lock icon ECB officials reject Greek debt revamp in policy clash
      624 18 Bloomberg [ATTICA, Greece] European Central Bank officials ruled out a Greek debt restructuring, clashing with political leaders over a solution to the sovereign financial crisis. “A Greek debt restructuring is not the appropriate way forward it would create a catastrophe” because
      Bloomberg; AFP  -  624 words
    • Article
      Lock icon Nuclear power still key to Japan’s energy policy: Kan
      494 18  -  But he stresses industry will need stronger regulation By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Naoto Kan affirmed yesterday that nuclear power would remain an important part of Japan’s overall energy policy. He stressed, however, that the industry will need
      494 words
    • Article
      Lock icon Yemeni president agrees to step down in a month
      366 18 Reuters [SANAA] Yemen’s president and opposition, pressed by Western and Gulf mediators, agreed to sign a deal for a transition of power yesterday that would end the rule of Ali Abdullah Saleh within a month, an opposition official said. The long
      Reuters  -  366 words
    • Article
      Lock icon End of the road in sight for IMF chief
      643 18  -  By STEPHEN RAPHAEL in New York THE jockeying to succeed Dominique Strauss-Kahn as head of the International Monetary Fund (IMF) stepped up throughout the day and night on Tuesday, along with calls for him to resign in the wake of the
      643 words
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      36 18 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY Chess, languages, astronomy... Viswanathan Anand is always one move ahead A r t i> J V I Tu GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      67 18 V. u IJJ Bn xt ij FN ilyiSJ'ss' f i fsupplement Title Travel Malaysia May 2011 |l Value Vacations I Natas Holidays 2011 I Autumn Delights I Travel Malaysia Nov 2011 iHolidayEscapades 11 For advertising enquiries, please call: Veronica Chong Patricia Peh Bernard Ong 8127 8929 8288 8878 9675 0002
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Economic cost of piracy ‘being felt globally’
      469 19  -  DPM Teo stresses importance of cooperation to beef up maritime security By JOYCE HOOI [SINGAPORE] Continuing piracy in hot spots and the threat it poses to the freedom of navigation has global ramifications, said Deputy Prime Minister, Coordinating Minister for National Security and
      AFP  -  469 words
    • Article
      Lock icon No urgent A330 safety concerns raised in probe
      607 19 Reuters [PARIS] Preliminary readings of black box data recovered from a French Airbus plane that crashed in the Atlantic have eased any immediate concerns about the safety of A3 30 aircraft, at least for now, but investigators warned on Tuesday against rushing
      Reuters  -  607 words
    • Article
      Lock icon Delta Air’s NY LaGuardia swap makes American vulnerable
      478 19 Bloomberg [DALLAS] Delta Air Lines Inc is poised to take over about half of the flight slots at New York’s LaGuardia airport, widening its advantage over AMR Corp’s American Airlines in the world’s busiest aviation market. Delta may double its daily LaGuardia
      Bloomberg  -  478 words
    • Article
      Lock icon US pilots guilty in Brazil air crash, but no jail terms
      391 19 Judge reduces 4.5 years in prison to community service AFP [BRASILIA] A Brazilian court has convicted two American pilots for their role in a 2006 mid-air crash with a Brazilian airliner that killed 154 people, but commuted their jail
      AFP  -  391 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3221 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 --EY473 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Amsterdam LO4031
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      315 19 CRYPTIC CROSSWORD Across 1 Nice maids are spoilt, made non-U maybe (12) 9 A desolate spot for Othello? (4) 10 River’s invading animal enclosures? That’s very poor (9) 12 Wise person or adult only half intelligent? (6) 13 Domestic female, I make my home permanently (8) 15 Old bicycle trader
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  • Page 20 Advertisements
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      26 20 Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT *****327 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES
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  • SHIPPING
    • Article
      Lock icon SHIPPING TIMES
      3865 20 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam
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    • Article
      Lock icon EU raids Asian shipping firms’ Europe offices in antitrust probe
      364 21 Reuters [SINGAPORE] European Union officials have raided the European offices of a number of Asian shipping firms as part of a probe into suspected price fixing in the sector, the firms said yesterday. Singapore’sNeptune Orient Lines (NOL) Hong Kong-listed Orient
      Reuters  -  364 words
    • Article
      Lock icon Debate over freight derivatives
      837 21  -  Shippers might want to hedge against volatile rates, but shipowners can bank on fuel surcharges STRAIT TALK By DAVID HUGHES CONTAINER derivatives appear to be the hot topic of the moment. Last week Singapore-based Cleartrade Exchange and Lon-don-based shipping analyst Drewry unveiled their WorldContainer Index, which
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      0 21 ^?-%{>%:+{!(~-=+)*>;);<;;[."^{[
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      348 21 IMDEX Asia SQ11 Asia Pacific's Only Dedicated International Maritime Defence Show 18 20 May 2011 Changi Exhibition Centre Singapore IMDEX ASIA INVITATION TO IMDEX ASIA 2011 www.imdexasia.com The New Era of Maritime Defence has sailed in at IMDEX Asia 2011! Capitalise on the wave of opportunities with IMDEX Asia, Asia
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  • EDITORIAL & OPINION
    • Article
      Lock icon Improving market liquidity is crucial
      484 22 EDITORIAL IN their paper, “Asset Pricing and the Bid-Ask Spread” (Journal of Financial Economics, 1986 vol 17), writers Amihud and Mendelson (from New York University and Stanford University, respectively) proposed that in addition to the risk-free rate and a risk premium, a company’s cost of
      484 words
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      Lock icon France’s Lagarde is well suited to head IMF
      833 22  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent I WROTE here last week about how French Finance Minister Christine Lagarde had raised her profile in Asia and her chances of gaining support as the new managing director of the International Monetary Fund (IMF)
      833 words
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      Lock icon Beyond black and white analyses on Pakistan
      1186 22  -  Disturbing when the West makes gross generalisations on the Pakistani quandary By AASIM SAJJAD AKHTAR The writer is assistant professor of political economy at Quaid-e-Azam University, Islamabad THE capturing and killing of Osama bin Laden by American special forces in one of Pakistan’s
      AFP  -  1,186 words
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      Lock icon How to predict a revolution
      1378 23  -  Study the system and its fragility and not the events in what physicists call percolation theory By NASSIM NICHOLAS TALEB MARK BLYTH Nassim Nicholas Taleb is distinguished professor of risk engineering at New York University's Polytechnic Institute and the author of ‘The Black Swan: The
      AFP  -  1,378 words
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      Lock icon Election results: here’s a Cheaper, Faster, Better way
      787 23  -  By SUSAN TSANG The writer is a Singaporean freelance journalist POLLING Day evening was a great social event: friends and family gathered in each others’ homes for dinner, a natter and the results of the General Election (GE). And we nattered and
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8374 24 Transaction date: May 18 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 21 14.5 8Telecom 15.5 15 15.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 9 +1.5 7755 9 7 8.5 9
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    • Article
      Lock icon SGX CATALIST
      1578 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 6 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 164 154 165 97.3 1.5 0.5 t Advanced System 0.5
      1,578 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9802 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.11/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.76/ Aberdeen Asset Mgt Asia Limited American Opp 0.6691/ Asian Credit Fund
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    • Article
      Lock icon GLOBALQUOTE
      240 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 $mil 56 34 AVJennings A48 unch 4 48 48 48 49.5 3.6 7.3 3.8 125 55 16 Genting HK US$ US41.5 -0.5 4590 42.5 41.5 41.5 42 2732.6
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    • Article
      Lock icon SGX ETF
      849 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 $mil 124 108 ABF SG Bond ETF 112.5 +1 10 112.5 112.5 112.5 123 513.5 1077 761 CIMBAsean40 100US$ US1041 1041 1056 41.6 350 270 DBS STI
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr May 17 Index Change Change Change Change Change Change World Index Preliminary 914.2 -0.7 1.8 -0.8 0.9 -0.9 3.5 EAFE Preliminary 790.6 -0.7 -1.3 -1.0 -0.5 -1.2 2.0 Europe Preliminary 1180.4 -1.1
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    • Article
      Lock icon INTERBANK RATES
      187 26 May 18 $S Offer Bid 0vernight 0.04 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.33 0.23 3 months 0.38 0.28 6 months 0.48 0.38 9 months 0.70 0.50 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 May 18 S$ Bid Offer 1-month 1.2424 1.2434 2-months 1.2424 1.2434 3-months 1.2424 1.2434 6-months 1.2422 1.2433 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      148 26 May 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 501.0 498.0 501.0 30 242 Jul 11 495.0 492.5 495.0 20 134 Aug 11 57 Sep 11 264 Oct 11 111 Nov 11 477.1 476.8 476.8 2
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    • Article
      Lock icon GOVERNMENT SECURITIES
      75 26 May 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 18.08.2011 0.29 0.25 0.25 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.19 5-Year N*****0W 1.125 01.04.2016 100.07 10-Year NY*****N
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    • Article
      Lock icon CHICAGO BOT
      107 26 May 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1341.00 1326.50 1342.75 1312.25 Aug 11 1336.25 1322.50 1337.75 1309.25 Sep 11 1328.25 1314.25 1330.00 1302.75 Nov 11 1320.50 1306.25 1323.00 1295.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.04
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS May 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.68 -4.22 WTI (Near Mth) 97.06 -0.08 Dubai (1-Mth F) 105.71 -0.45 Tapis blend 119.23 -0.80 Minas 115.63 -0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.45 unch Jet Kerosene 125.60 unch US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2683 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1 1 4 11 4.50 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 4 1
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 May 18 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.366 1.289 Can dollar 1.304 1.254 Euro 1.806 1.737 Sterling pound 2.061 1.982 NZ dollar 1.005 0.958 US dollar 1.262 1.214 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 May 18 Open High Sett STI May 3138 SIMSCI May 366.3 368.5 367.0 Taiwan May 315.1 317.6 317.5 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon PALM OIL
      65 26 May 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3400 3400 3428 3400 3464 ***** Jul 11 3320 3337 3345 3320 7779 ***** Aug 11 3290 3297 3305 3287 ***** ***** Sep 11 3287 3285
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      466 26 May 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7350 0 2932 Sep11 99.6850 0 5051 Dec11 99.5950 0 1623 Mar12 99.4600 0 2177 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6800 0 1466 Dec11 99.6825 0 1957 Mar12 99.6700 0 3877 Jun12 99.6800
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 May 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.912 0.745 8.262 47.886 90.936 0.860 11.560 3.224 1.348 90.888 45.954 1.321 7.357 0.936 30.652 32.150 0.655 1.063 Canada 0.968 6.694
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    • Article
      Lock icon SIBOR
      85 26 May 18 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 May 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3199 1.3216 1.0624 1.0629 Canadian dollar 1.2785 1.2797 1.0290 1.0292 Euro 1.7712 1.7728 1.4256 1.4258 NZ dollar 0.9789 0.9800 0.7879 0.7882 Sterling pound 2.0162 2.0183 1.6228 1.6232
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    • Article
      Lock icon PRECIOUS METALS
      138 26 May 18 GOLD (US$/oz) May 17 May 18 Hong Kong 1497.40 1498.00 May 17 May 16 London 1473.95 1501.29 1474.95 1502.20 Source: Thomson Reuters CAST BAR May 18 (S$) Selling Buying Kilobar 64,024.52 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 143 60 5gm 407 299 10gm 727
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    • Article
      Lock icon LONDON METALS
      71 26 May 17 May 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2489.50 2560.00 3 months 2501.00 2548.00 Copper, Grade A (US$/tonne) Cash 8776.50 8816.00 3 months 8799.00 8839.00 Lead (US$/tonne) Cash 2308.50 2284.25 3 months 2309.00 2283.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 26 May 17 COCOA (£/tonne) Close Prev High/Low Jul 11 1855 1869 1874/1846 Sep 11 1880 1893 1894/1869 Dec 11 1906 1919 1919/1894 Mar 12 1932 1944 1937/1920 COFFEE (US$/tonne) Close Pev High/Low May 11 2480 2463 2488/2458 Jul 11 2492 2473 2507/2462 Sep 11 2528 2504 2538/2494 Nov 11
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon Phones that detect your mood coming soon
      588 27  -  Behind devices that can make this happen is the sensor technology scene, reports VICTORIA HO reports VICTORIA HO HAVING a phone that can seemingly read your mind or tell whether you're anxious sounds like science-fic-t i o n but Stephane Gervais-Ducouret, global marketing
      588 words
    • Article
      Lock icon Sony chief says cannot guarantee security after hack
      282 27 AFP [TOKYO] Sony chief Howard Stringer has warned he can no longer guarantee the security of the electronics giant’s gaming network in the “bad new world” of cybercrime after one of the biggest Internet data breaches. The Japanese multinational has begun restoring
      AFP  -  282 words
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      Lock icon Fuji Xerox looks to expand in Asia
      756 27  -  The company will use Singapore as a springboard By AMIT ROY CHOUDHURY INTEGRATED document services company, Fuji Xerox, is looking to grow in Asian markets outside its home base in Japan and it feels Singapore is a good springboard for this effort. Fuji
      756 words
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      Lock icon Dell Q1 profit spikes to US$945m
      610 27  -  By VICTORIA HO THANKS to high-margin corporate technology spending, Dell’s first quarter profits blew past analyst forecasts. The world’s second-larg-est PC maker behind Hewlett-Packard (HP) saw net income for the quarter grow 177 per cent to US$945 million over the same quarter last year.
      610 words
    • Article
      Lock icon Booming iPad sales a tough pill to swallow for rival firms
      808 27 Bloomberg [SAN FRANCISCO] The iPad is wreaking havoc on the personalcomputer market. Hewlett-Pack-ard Co’s (HP) consumer PC sales plunged 23 per cent last quarter, and the company lopped US$1 billion off its annual sales forecast. And while rival Dell
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  • PROPERTY
    • Article, Illustration
      Lock icon Asia-Pacific rents to increase: JLL
      490 28  -  Rents are projected to grow more strongly in markets such as India By MINDY TAN RENTS are expected to increase across most markets in the Asia-Pacific with stronger investment activity, according to the latest figures from Jones Lang LaSalle’s (JLL) Asia-Pacific Property Digest. In the
      AFP  -  490 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 15 WITH CONTRACT DATES BETWEEN APRIL 20 AND APRIL 26, 2011
      1544 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 25/04/2011 99 904 1683 1862 One Shenton Apt 25/04/2011 99
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      Lock icon Causeway Bay rents set to rise with new mega mall
      946 29 About 45% of Hysan Place’s retail space is already filled with tenants Bloomberg [HONG KONG] Hong Kong’s Causeway Bay, home to the world’s third-most expensive shopping strip, is set for its biggest facelift in almost two decades with a new
      Bloomberg; BLOOMBERG  -  946 words
    • Article, Illustration
      Lock icon Two redevelopment sites up for sale
      756 30  -  Consortium that bought 70 Shenton Way is selling the site while Elizabeth Tower is the latest collective sale By KALPANA RASHIWALA TWO redevelopment sites have been put on the market Elizabeth Tower and 70 Shenton Way. A five-member consortium which includes Roxy-Pacific Holdings which
      756 words
    • Article
      Lock icon US mortgage applications up 7.8%
      379 31 The average rate on a 30-year fixed loan decreased last week to 4.6% Bloomberg [WASHINGTON] Mortgage applications in the US increased last week to the highest level since December as cheaper borrowing costs made refinancing more attractive. The Mortgage Bankers Association’s index of loan applications
      Bloomberg  -  379 words
    • Article, Illustration
      Lock icon More Chinese cities see home-price gains in April
      405 31 AFP [BEIJING] More Chinese cities saw the cost of new homes increase in April compared with a month before, official data showed yesterday, as the government continues its fight to rein in property prices. The National Bureau of Statistics data, which came
      AFP; BLOOMBERG  -  405 words
    • Article
      Lock icon Net allocation of JTC facilities dips in Q1
      358 32  -  Occupancy level falls to 96.7% as terminations exceed gross allocations By UMA SHANKARI THE occupancy level for JTC’s ready-built facilities (RBF) dipped slightly to 96.7 per cent in Q1 2011 from 96.9 per cent in Q4 2010 as terminations outstripped gross allocations
      358 words
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      Lock icon Developers rolling out 2 new projects in Pasir Ris, Hougang
      526 32  -  By KALPANA RASHIWALA AFTER chalking up a 29 per cent month-on-month increase in private home sales in April, developers continue to release new projects this month. At least two new residential projects will be rolled out this week Belysa, an
      526 words
  • Page 28 Advertisements
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      192 28 ElizabethTower A Site Befitting aTruly Iconic Super-Luxurious Condominium Elizabeth Tower The Paragon Safeguarded 3-storey Landed Estate Orchard Road Ngee Ann City In the Heart of Orchard Road’s Shopping Hospitality Belt Land 54,318 sf; Freehold; up to 36 storeys Allowable GFA 277,682 sf (incl balconies) Great views of ION Orchard, Marina
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  • Page 29 Advertisements
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      286 29 Building Wealth Through Structured Property Investment INCOME GENERATING ASSERTS Benefit from secure and regular income returns plus long-term asset appreciation London central London properties saw prices rise by £767 every day over the past 12 months Average values for prime residential property have now risen by 31.2% Landmark Commercial bldgs
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      235 29 Creating a positive legacy Successful partnerships that deliver the next generation of property solutions Lend Lease is one of the world's leading fully integrated property solutions providers with over 60 offices in more than 30 countries. We provide solutions across the full property value chain where we believe we can
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  • Page 30 Advertisements
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      383 30 CAIRNHILL MANSIONS LUXURY CONDOMINIUM DEVELOPMENT SITE Sheraton Towers Hotel Ardmore Park Anglo Chinese School (Junior) i (Former) Tanglin Club The American Club Subject Property Goodwood Park Hotel Hilltops •The Claymore Grand Hyatt Hotel Ritz Carlton Residences Scotts Square Tangs Shopping Mt Elizabeth Medical Centre Paragon Shopping Mall 69 Cairnhill Road,
      383 words
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      Lock icon Page 30 Advertisements Column 2
      70 30 ALE &LEAS -own TOP soon 1 min walk to Tanjong Pagar MRT 2nd floor (high visibility) 172 to 3,337sf EM Call 1800 289 8822 I or e-mail notices@sph.com.sg to place your AGM EGM |j Notices 1 oi FOR SALE BY TENDER 333 thomson road Sale of 12 out of 20
      70 words
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      Lock icon Page 30 Advertisements Column 3
      77 30 PremiumSubiacodevelopmentopportunity-Perth,WesternAustralia FOR SALE 500 Hay Street, Subiaco, WA High profile corner position 100m* from Rokeby Road Land area: 4,609sqm* Three street frontages Passing income: AUD $478,000p.a.* Zoned: ‘Town Centre’ Previous DA for mixed-use development *Approx. www.joneslanglasalle.com.au/*****02 iinet Building Railway Rd AlvanSt Roberts Rd Regal Theatre HaySt RokebyRd PUBLIC TENDER Closing
      77 words
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      754 31 For Sale by Tender Rare Commercial/Residential Development Site in Shenton Way East Coast Shoreline Panoramic Sea View Spanning the East Coast Shoreline to Sentosa •Arguably the last private “Island” plot with sea-view for sale along Shenton Way •Existing 21-storey office building, GFA of 210,729 sf approx •Site area: 19,736 sf
      754 words
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  • Page 32 Advertisements
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      123 32 tnvcstmcnt^Trends MARKETS get thinking FX/CFD trading The more you trade the more you save. Working Orders Alerts AcVvity Tickets Prices I Ystchlists Open Q)MARKETS rLeyoutt I! He* mtchtists Su* r «*l(o a 11 j °Fe„ r Q 1 e Enjoy automatic rebates every month with Singapore's No.1 for CFD Customer
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      Lock icon Page 32 Advertisements Column 2
      46 32 SOLARIS Business Space for Lease Efficient floorplate from 1,500 sq ft onwards Greenmark Platinum Easy access to MRT stations-One-North Buona Vista Short drive to AYE/City Ample amenities within vicinity DTZ Business Space 6293 3228 Estate Agent Licence No: L*****01G DTZ Debenham Tie Leung (SEA) Pte Ltd
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