The Business Times, 23 February 2012

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Total Pages: 70
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, February 23, 2012
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  • 781 1  -  Labour shortage, high costs forcing Guangdong SMEs to adapt or die By VIRGINIE MANGIN in Beijing SEVERE labour shortages, together with high material costs and rents, are forcing small and medium-sized enterprises to relocate or shut down in China’s Guangdong province, once dubbed the
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  • MARKETS DIGEST
    • 109 1 HST INDEX 2,995.59 (-29.48) HST INDEX FUTURES 2,995 (-30) HSIMSCI 346.70 (-1.77) HSIMSCI FUTURES 346.60 (-2.20) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.580 1.985 EURO (US$/S$/E) 1.326 1.665 Foreign currency per US$ S$ YEN 80.00 63.70 RM 3.022 2.406 HK$ 7.755 6.174 BAHT 30.57 24.33 RUPIAH
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • 903 1  -  By ANNA LEE [SINGAPORE] Three prominent US venture capitalists (VCs) are about to inject life into the start-up scene here with a network of mentors and investors from Silicon Valley through a US$10 million incubator fund The trio Vinnie Lauria,
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  • Page 1 Advertisements
    • 183 1 PROPERTY Hotels enhance products to draw guests PAGE 32 BizIT Beyond storage and computing services PAGE 28 COMPANIES Genting S’pore posts $262m Q4 profit PAGE 6 COMMENTARY Managing succession in Asian family firms PAGE 20 Property 2012 Be sure to check out the 40-page property supplement that comes with today’s
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  • TOP STORIES
    • 597 2 Factory of the world slowing down SEVERE labour shortages, together with high material costs and rents, are forcing small and medium-sized enterprises to relocate or shut down in China’s Guangdong province, once dubbed the “the factory of the world”. More than a week after the Chinese New Year,
      597 words
    • 613 2  -  Q4 sinks US$320m into the red, full-year loss at US$478m By LYNN KAN [SINGAPORE] Neptune Orient Lines’ “disappointing” set of full-year and final quarter losses led its new chief to declare a US$500 million cost-cutting programme at the shipping and logistics group. Collapsed
      BLOOMBERG  -  613 words
    • 44 2 IN “Wheelock Q4 profit up 3.2%; revenue down 55.9%” (BT, Feb 21), we said that earnings per share for the quarter were 10.12 cents, down from a restated 9.8 cents a year earlier. It should be up. We are sorry for the error.
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    • 751 4  -  By ROB CURRAN CHINESE Vice-President Xi Jinping was welcomed to the United States with historic honours for a sec-ond-in-command, reflecting the importance of a détente that may decide the course of the global economy in the 21st century. The 19-gun salute
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    • 762 4  -  Higher standards to apply to bigger players, it says in consultation paper By EMILYN YAP [SINGAPORE] Smaller insurers and reinsurers here will need to have independent directors making up at least one-third of their boards, under new proposals to strengthen the
      762 words
    • 550 4 Reuters [BEIJING] China’s manufacturing sector contracted in February for the fourth straight month as new export orders dropped sharply in the face of the euro area debt crisis, the HSBC flash purchasing managers index showed yesterday. The PMI, the earliest indicator
      Reuters; REUTERS  -  550 words
    • 608 4 AP [WASHINGTON] The Obama administration is proposing to cut the corporate tax rate from 35 per cent to 28 per cent, and to seek an even lower effective rate for manufacturers, a senior administration official said. In turn, corporations would have to give up
      AP  -  608 words
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  • Page 6 Advertisements
    • 53 6 Property 2012 Watch out for BT’s 40-page bonanza today HIGHLIGHTS Hot residential projects Property as a retirement asset Outlook for private residential rental market Mass-market segment still going strong Executive condos: Easing your way into private housing What lies ahead for industrial, office and retail property? Outlook for London and
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  • COMPANY NEWS
    • 798 6  -  Full-year earnings cross $1 b mark; first-ever dividend, one cent, declared By GRACE LEONG GENTING Singapore’s “extra prudent” credit policy appears to have paid off, as sharply lower bad debt provisions in the fourth quarter coupled with stronger earnings from its integrated
      FILE PHOTO  -  798 words
    • 397 6  -  It may review its reprimand against independent director Yeap Wai Kong after getting information By GRACE LEONG THE Singapore Exchange is asking a former independent director of China Sky to provide more information that may show that he should not have been
      397 words
    • 583 6  -  IPO plans may be revived but in China this time, says CEO By JAMIE LEE WILMAR International may revisit plans for an initial public offering of its Chinese division but in China this time, said chairman and chief executive Kuok Khoon Hong
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    • 495 6  -  By MINDY TAN IN its first major purchase since the start of its portfolio reconstitution strategy, CapitaCommercial Trust (CCT) yesterday said it had acquired Twenty Anson for $430 million, or $2,121 per square foot (psf) of net lettable area. To ensure a stabilised net
      495 words
    • 591 7  -  Water treatment company says cash, order book will help it survive drought By KENNETH LIM PROJECTS that dried up during the Arab Spring last year shrank Hyflux’s profit 40 per cent in 2011, but the water treatment specialist expects its cash pile and order
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    • 326 7  -  By EMILYN YAP THE year 2012 will be another volatile year for the mid-sized merger and acquisition (M&A) market, but deal volumes in Southeast Asia could hold up if not exceed last year’s figures, said senior executives from Deloitte yesterday. There are
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    • 266 7  -  By MICHELLE TAN IT seems the onset of the dragon year has driven home the notion that risk and return on assets are directly correlated. Notably, Singapore-list-ed real estate investment trusts (Reits), which are generally perceived to be defensive counters characterised by their lower
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    • 514 9  -  Group will diversify into hospitality sector and raise overseas presence By MINDY TAN PROPERTY and construction group Chip Eng Seng yesterday reported a 28 per cent drop in net profit to $28.8 million for the fourth quarter of 2011, against a restated
      FILE PHOTO  -  514 words
    • 218 9 Reuters [BANGALORE] Hotelier Millennium Copthorne (M&C) said yesterday that its headline pretax profit grew 44 per cent in 2011, helped by a gain from the sale of development land in Kuala Lumpur and stronger performance in key markets like London,
      Reuters  -  218 words
    • 296 9  -  Provisions for MF Global bad debts hit jet fuel trader hard By RONNIE LIM CHINA Aviation Oil Singapore (CAO) recorded a 43 per cent fall in Q4 net profit to US$5.69 million despite higher jet fuel prices sending its fourth-quarter revenue
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    • 275 9  -  By CARINE LEE EZION Holdings Ltd has clinched a charter contract worth up to US$118 million over a three year-peri-od to provide a service rig to a European-based multinational oil company. The service rig will be used to support the
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  • Page 7 Advertisements
    • 128 7 Work-Life Excellence Award 2012 Work-Life Excellence Award 2012 Call for Entries Is Now Open Lommntce on -life Strategy Mi '■•V What do all great companies have in common? The ability to attract outstanding people! Work-life harmony is consistently ranked as one of the top criteria that employees look for in
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  • SINGAPORE MARKETS
    • 571 8  -  Europe’s feeble opening also contributes to index’s 29-point loss STOCKS R SIVANITHY Senior Correspondent HEAVY selling of palm oil firm Wilmar International’s shares yesterday contributed significantly to the Straits Times Index’s (STI) 29.48-point or one per cent loss at 2,995.59. A soft opening for
      Source: Bloomberg  -  571 words
    • 65 8 Feb 22 VALUE CLOSE BT OB/OS 49.00-336.00 BT CADI -*****.00 -70.00 BT 10-day MA -*****.00 +5.00 FTSE ST Mid Cap 690.76 +1.98 FTSE ST Small Cap 470.15 -2.70 FTSE ST All Share 725.37 -5.46 FTSE ST China Top 235.22 -1.23 FTSE ST China 260.50 -9.59 FTSE ST
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 48 78 34 5 11 6 53 89 40 Commerce 12 26 24 3 1 5 15 27 29 Tpt/Stor/Comms 13 22 5
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    • 899 8  -  Compiled by JOYCE HOOI Tiger Airways Holdings Feb 22 close: $0.82 DBS Group Research, Feb 22 TIGER Airways announced that the Indonesian regulator has reactivated PT Mandala Airlines’ Air Operator’s Certificate (AOC). With the resumption of Mandala flights by April 2012, Tiger will lease three aircraft to Mandala
      Source: Bloomberg  -  899 words
    • 122 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,015 30,015 54,814 54,814 Manufacturing 496,263 73,334 569,597 681,359 1,439 682,798 Commerce 240,050 7,075 247,125 276,908 757 277,665 Tpt/Stor/Comms 239,301 41,793 281,094 282,848 7,246 290,094 Finance 20,700 1,018 21,718 163,147 247 163,393 Construction 165,878 37,719
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    • 109 8 Stock name Close Change CapMallsAsia 1.565 -0.030 CapitaLand 3.110 +0.050 CapitaMall 1.795 CityDev 11.160 +0.120 ComfortDelGro 1.525 -0.010 DBS Grp 14.150 F&N 6.480 -0.010 GLP 2.090 Genting SP 1.665 -0.010 Golden Agri 0.775 -0.005 HK Land 5.520 -0.140 JMH 50.690 -1.310 JSH 30.760 -0.990 Jardine C&C
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    • 460 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies yesterday fell for a second day, led by South Korea’s won and Indonesia’s rupiah, after fresh financial aid for Greece failed to allay concern that Europe’s debt crisis will slow global growth. The won snapped a three-day advance
      Bloomberg; BLOOMBERG  -  460 words
    • 55 8 VOLUME Noble Grp 110,865,000 Genting SP 82,769,000 Wilmar 82,042,000 GblYellowPgs 70,957,000 Memstar 62,743,000 UniFiber 62,143,000 HPH Trust US$ 61,519,000 MDR 56,368,000 Yoma 53,320,000 ChinaNTown 51,703,000 VALUE($) Wilmar 436,131,390 Noble Grp 160,954,770 Genting SP 137,553,838 CapitaLand 97,247,940 Yangzijiang 69,565,660 Olam 67,341,999 SingTel 63,391,710 HPH Trust US$ 59,511,064 DBS
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    • 109 8 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 3353 254.9 6.4 GLD 10US$ ***** 158.2 0.7 Asia Pac Brew 3250 50.0 1.6 Lyxor China H 10US$ 1510 35.2 1.9 CityDev.ES.1202 1120 30.0 2.8 DBXT MSTHAI 10US$ 1825 21.4 0.9 DBXT S&P Short 10US$ 3824 21.4 0.4 Capitaland.ES.1202 312 20.0 6.8
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    • 115 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -170.0 -0.6 JMH 5069 -164.5 -2.5 JSH 3076 -124.3 -3.1 IS S&P500 ***** -70.3 -0.4 Wilmar.ES.1202 521 -70.0 -11.8 Wilmar 522 -64.0 -10.9 DBXT MSKorea 10US$ 5861 -40.2 -0.5 Jardine C&C 4882 -34.0 -0.7 DBXT MSINDO 10us$ 1487 -21.4 -1.1 STXPO
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    • 5 8 DAILY
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  • SINGAPORE NEWS
    • 532 10  -  HSBC sees S’pore strengthening role as core trade hub between all regions By TEH SHI NING HSBC forecasts that Singapore’s trade will grow an annualised 5 per cent a year over the next 15 years, faster than the global
      532 words
    • 367 10  -  By SAMUEL EE COE premiums continued to surge as motor distributors filled orders from buyers attracted by new models. “Recent retail promotions have resulted in sales increases for both Categories A and B,” said the sales manager of a luxury dealership, referring to the
      367 words
    • 323 10  -  31% plan to add finance staff in H1, survey shows By LESLEY TEOH DESPITE economic uncertainty, confidence levels remain high among Singapore’s financial executives, most of whom remain optimistic about the growth outlook this year. According to a local survey of 300 chief financial officers
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    • 480 10  -  It reserves £40m to finance further M&As in Asia-Pacific By BRYAN KOH UK’s leading facilities management specialist OCS Group yesterday unveiled plans to add 1,000 jobs in Singapore over the next three years following the successful acquisition of homegrown outsourced cleaning specialist Don
      PHOTO: ARTHUR LEE  -  480 words
    • 515 10  -  EMA refutes report in Indonesian paper on electricity import By RONNIE LIM SINGAPORE’S plan to import electricity is still at an early study stage, and there have been no invitations sent to generating companies (gencos) in neighbouring countries at this time
      515 words
    • 309 10 Making the perfect pitch clear and simple SIMPLIFY and clarify the one or two main points of your product or service that you are pitching. This was the advice from DEMO coaches Kris Childress and Ann Burgraff following a coaching session two weeks ago where they helped participants in scripting
      309 words
    • SINGAPORE ROUNDUP
      • 92 10 The Speaker of Parliament Michael Palmer said in a statement yesterday that the seat of the Member for Hougang is vacant, following a letter from Yaw Shin Leong stating that he will not be appealing against his expulsion from the Workers’ Party. Mr Yaw,
        92 words
      • 45 10 The government has appointed Chua Siew San (née Tan) as Singapore’s next ambassador to Thailand and VP Hirubalan as Singapore’s next ambassador to the Philippines. Mrs Chua and Mr Hirubalan will assume their posts on March 5 and March 12 respectively.
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  • Page 10 Advertisements
    • 105 10 The Business Environment, Outlook and Opportunities in Iskandar Malaysia SEMINAR Business investment opportunities in Malaysia (by Mr Sukomaran Kunjiraman, Director of MIDA Singapore) Iskandar Malaysia: 2012 Outlook for industry property and doing business in Malaysia (by Mr Wee Soon Chit, Director of CBRE Johor) Investment opportunities in Setia Business Park
      105 words
    • 88 10 Chi-Tannin Tea Polyphenols Compound 100% Natural Health Supplement Maintaining your Sugar Levels, Blood Pressure and Cholesterol in balance, naturally. Benefits in 1: TEA POLVPHENOI COMPOUND Anti-Radiation > Helps ease the side effects and discomfort of chemotherapy Manufactured in Singapore Your results may vary. Money refund if conditions do not improve
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  • ECONOMY WATCH
    • 760 11 Study shows debt to GDP ratios are up in countries adopting austerity measures AP [WASHINGTON] Europe has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control. So where’s the gain? Far from falling, debt burdens are
      AP; BLOOMBERG  -  760 words
    • 415 11 Blomberg [SYDNEY] Wages in Australia accelerated last quarter at the fastest pace in a year as workers benefited from the nation’s resource bonanza. The wage price index, which measures hourly pay rates excluding bonuses, rose one per cent in the final
      Blomberg  -  415 words
    • 300 11 Pact would create jobs for the country, says president AFP [SEOUL] South Korean President Lee Myung-bak said yesterday that a sweeping free trade pact with the United States would help draw Chinese and Japanese investment to his country and create more
      AFP  -  300 words
  • Page 11 Advertisements

  • MALAYSIA
    • 557 12 Stanchart hired to oversee sale of stakes in about a dozen power plants Reuters [HONG KONG] Ananda Krishnan, ranked by Forbes as Malaysia’s sec-ond-richest man, has put his entire power portfolio up for sale in a deal that could fetch more than US$2 billion,
      Reuters; BLOOMBERG  -  557 words
    • 498 12  -  124 projects cleared by Mida, up from 112 a year earlier By PAULINE NG in Kuala Lumpur MANUFACTURING activity in Johor’s Iskandar Malaysia is set to rise significantly on the heels of a near doubling in proposed capital investments to RM5.7 billion (S$2.37
      498 words
    • 510 12 [PETALING JAYA] Consolidation talks have begun in the Malaysian telecommunications space where as many as nine parties have licences to offer mobile services, The Star newspaper reported yesterday. “There are clearly too many operators for a market like Malaysia and it would naturally
      510 words
    • 466 12 Reuters [PALOUGE OIL FIELD, South Sudan] South Sudan has expelled the head of Chi-nese-Malaysian oil consortium Petrodar, the main oil firm operating in the new African nation, a top southern official said on Tuesday, escalating a row between Juba and Chinese oil
      Reuters  -  466 words
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    • 651 12 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Hong Fok Corporation Limited *****07/09 Cunliffe Frederick 3 x 1,000 Routh III -do-*****28 -do-1 x 600 NOTICE IS HEREBY GIVEN that if within fourteen (14)
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    • 181 12 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ATIM CONSULTANTS PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No: *****1009G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to section 308(2) of the Companies Act, Cap. 50, that a Final Meeting of the
      181 words

  • GREATER CHINA/INDIA
    • 882 13 Bankers are pinning hopes on US$700m oil sands company offering Reuters [HONG KONG] Hong Kong’s IPOs have suffered their worst start since 2009, failing to ride a stock market rally and forcing bankers in Asia’s main centre for new issues
      Reuters; AFP  -  882 words
    • 599 13 East Asian purchases set to drop to sixmonth low in March Reuters [NEW DELHI] China, India and Japan are planning cuts of at least 10 per cent in Iranian crude imports as tightening US sanctions make it difficult
      Reuters  -  599 words
    • 465 13 Bloomberg [NEW DELHI] India is poised to surpass China as the world’s biggest thermal coal importer as Prime Minister Manhoman Singh seeks supplies for power makers that have halted plans for US$36 billion of new plants because of a fuel shortage. Purchases from
      Bloomberg  -  465 words
    • 475 13 This could give it the financial firepower to enter China, US Reuters [PARIS] Sonia Rykiel, the Parisian fashion brand known for brightly coloured striped woollen outfits, has sold control to Hong Kong investors to give it the financial firepower to enter major markets
      Reuters  -  475 words
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  • FOCUS: GREECE
    • 974 14 Some express relief at bailout while others hope for a new road to growth AP [ATHENS] Greeks were torn between relief and foreboding on the news on Tuesday that their country has received a new massive bailout while the aid will protect them from
      AP; BLOOMBERG  -  974 words
    • 724 14 Longer-term fears over ability to repay huge debts remain NYT [LONDON] Greece may have dodged a default with its last-minute bailout deal, but longer-term doubts over its ability to repay its staggering debts remain, raising questions about whether even more
      NYT  -  724 words
    • 440 14 Rating one level above default follows its bond exchange deal with private creditors Bloomberg [LONDON] Fitch Ratings cut Greece’s credit grade two levels after the country got approval to proceed with a bond exchange that will reduce its debt burden and avert
      Bloomberg  -  440 words
    • 838 14 AP [BRUSSELS] The bailout has saved Europe, for now, but it’s unlikely to save Greece. The 130 billion euro (S$215 billion) rescue prevented an uncontrolled bankruptcy and calmed investors worried that a Greek default would have started a chain reaction across Europe. But it
      AP  -  838 words

  • WORLD
    • 794 15 Analysts say he still doesn’t have the votes to topple PM in a Labor caucus AFP [SYDNEY] Australia’s Foreign Minister Kevin Rudd resigned yesterday, saying he was unable to continue without Prime Minister Julia Gillard’s support, paving the way for a
      AFP; REUTERS FILE PHOTO  -  794 words
    • 740 15 It alleges tycoon bribed Filipino officials to build his own casino in Manila AFP [WASHINGTON] The owner of the Wynn Macau casino accused Japanese gambling tycoon Kazuo Okada on Tuesday of paying off Philippine regulators in his bid to build a rival gaming resort
      AFP  -  740 words
    • 298 15 Bloomberg [NEW YORK] Universal Entertainment Corp climbed the most in six months in Tokyo trading after the Japanese pachinko machine maker pledged legal action against Wynn Resorts Ltd over the forcible redemption of its stake. Universal rose 13 per cent,
      Bloomberg  -  298 words
    • 587 16  -  Further falls are likely as prospects rise of yen carry trade resuming By ANTHONY ROWLEY in Tokyo THE yen fell to its lowest level in more than five months against the dollar yesterday and also hit a three month low against
      REUTERS  -  587 words
    • 445 16 Sumitomo Mitsui says bank is not putting any pressure Reuters [TOKYO] Olympus Corp’s main lender Sumitomo Mitsui Banking Corp (SMBC) denied it was trying to take control of the firm’s board by stealth, but said it might well agree to send a former
      Reuters  -  445 words
    • 612 16 Reuters [TOKYO] “What Japan needs most now is a dictator.” Toru Hashimoto, a lawyer and TV celebri-ty-turned politician, was quick to add when he made that widely publicised remark last year that a Hit-ler-style dictatorship was neither desirable nor possible given
      Reuters  -  612 words
    • 363 16 AP [MUMBAI] Norway’s Telenor will sever ties with its Indian partner and transfer its Indian telecom operations to a new entity after a top court cancelled its licences because of a multibil-lion-dollar corruption scandal in the industry. Telenor said on Tuesday it
      AP; REUTERS  -  363 words
    • 367 16 Reuters [PARIS] France Telecom is cutting its dividends and putting off a promised share buyback to adopt a more prudent stance in the face of brutal competition in its home market from a new mobile player. France has been locked in a mobile price
      Reuters  -  367 words
    • 658 17 AFP [MILAN] Italy’s top designer brands are looking to China for salvation this year with revenues falling due to a debt crisis that has cast an air of gloom as Milan Fashion Week kicked off yesterday. With Italians hurting from budget austerity and fears
      AFP; REUTERS  -  658 words
    • 275 17 Johnson Johnson names new chief executive Bloomberg [NEW YORK] Johnson Johnson’s insider pick of Alex Gorsky as the new chief executive starting in April elevates the executive who is most familiar with the safety and quality issues that have plagued the company. Mr Gorsky, 51, a former army captain and
      Bloomberg  -  275 words
    • 621 17 Shift comes as insurers offer better lending terms on best office buildings Bloomberg [NEW YORK] Wall Street is scouring the United States for grocery stores as bankers are pushed out of lending to trophy office properties. Morgan Stanley is selling about US$1
      Bloomberg  -  621 words
    • 735 18 It pitches to firms looking to cut health-care costs Bloomberg [CHICAGO] Barbara “BJ” Buckingham only joined Weight Watchers because her employer, the Cleveland Clinic, offered it for free. The reimbursement analyst has since shed 30 pounds and is halfway to her 168-pound goal. “If my
      Bloomberg  -  735 words
    • 499 18 Upfront cash payment offered equal to 150% of fees they generated in past 12 months Reuters [NEW YORK] Bank of America’s Merrill Lynch has launched a more aggressive recruiting campaign for top-tier brokers, including a bonus paid for transferring client assets after
      Reuters  -  499 words
    • 820 18 Reuters [MEXICO CITY] Mexico may be sitting on a vast untapped reserve of shale oil just south of the Rio Grande, but state monopoly Pemex is showing little urgency to exploit their share of the bounty. While US energy companies are racing
      Reuters  -  820 words
    • 430 18 Secondary market volumes looking up, global firms eyeing HK listing: banker Reuters [HONG KONG] Asia’s once-hot initial public offering market is likely to open up again soon, with secondary volumes in the equity sector showing signs of picking up, said the Asia
      Reuters  -  430 words
    • 566 19 Construction hiring picks up as Americans invest in renovating homes LATEST US DATA Reuters Bloomberg [WASHINGTON] US home resales surged in January to over 11/2-year high and the supply of properties on the market was the lowest in almost seven years,
      Reuters; Bloomberg; BLOOMBERG  -  566 words
    • 388 19 Reuters [BANGKOK] Thailand’s Cabinet yesterday approved a 300 billion baht (S$12.2 billion) budget deficit for the next fiscal year to September 2013 lower than the one planned for the current year, despite the impact of last year’s flooding. The budget plan projects
      Reuters  -  388 words
    • 251 19 Reuters [LONDON] British lenders paid out a record £441 million (S$869 million) in compensation for insurance mis-selling in December, taking payouts for 2011 to £1.9 billion and raising the prospect of an even bigger bill this year. Britain’s financial regulator said payouts in
      Reuters  -  251 words
    • 544 19 Factory output holds steady; new orders continue to fall Reuters [LONDON] The eurozone’s service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed. Markit’s Eurozone Services Purchasing Managers’ Index (PMI) fell to 49.4 from January’s
      Reuters  -  544 words
    • 459 19 Bloomberg [SINGAPORE] Investor Jim Rogers, the chairman of Rogers Holdings who predicted a global commodities rally in 1999, said Myanmar is embracing reform as China did decades earlier and he’s optimistic about the resource-rich nation’s prospects. “If I could put all of my money
      Bloomberg; BLOOMBERG FILE PHOTO  -  459 words
    • 351 19 AP [WASHINGTON] For every US presidential candidate, there’s now at least one US$1 million donor. Millionaire and billionaire executives have unlocked their personal bank vaults to write seven-figure cheques to support the campaigns of President Barack Obama and Republicans Mitt Romney,
      AP  -  351 words
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  • Page 17 Advertisements
    • 875 17 HIGH IMPACT LEADERSHIP FOR THE 21 ST CENTURY Who should attend: Sales Professionals, Managers, Team Leads, Heads of Division, Heads of Department, Directors and Executives Register at jobs.st701 .com/seminars STJOBS No.l #1 Recruitment site in Singapore FULL-DAY SEMINAR MARCH WORKSHOPS Inspirational Leadership Thursday, 8 Mar 2012, SPH Auditorium (9am to
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  • Page 18 Advertisements
    • 222 18 RAFFLES CONVERSATIONS 2 0 11 EDITI O N The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH
      222 words


  • EDITORIAL & OPINION
    • 526 20 EDITORIAL THE much-awaited agreement between eurozone finance ministers and the Greek government on Monday opens the way for a second bailout of the beleaguered nation. But it is unlikely to be the last, even though it will help pull Greece back from the
      526 words
    • 773 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AS expected, the visit to the United States by China’s lead-er-in-waiting, Xi Jinping, did not result in any policy breakthroughs he is, after all, only the
      773 words
    • 1101 20  -  Reseach shows such firms have had significant wealth loss during their succession processes By KATHRYN YAP The writer is managing partner at CTPartners, an executive search firm FAMILY businesses in Singapore command a prominent role in the domestic economy and capital market. They account
      REUTERS  -  1,101 words
    • 1218 21  -  US firms look for young, energetic and tech-savvy workers, not those middle-aged ones yet to learn how to surf Internet LEON HADAR Washington Correspondent WE are all familiar with, and occasionally have even uttered one of those common white lies such as
      AFP  -  1,218 words
    • 900 21  -  [BRUSSELS] By PHILIPPE LEGRAIN The writer is an independent economic adviser to the president of the European Commission. Austerity alone cannot solve Europe’s economic and financial crisis. Growth and jobs need to be promoted with equal zeal. European Union leaders now recognise this:
      900 words
    • 544 21  -  LETTER TO THE EDITOR Claire Chua (Mrs) Director (Corporate Communications) Inland Revenue Authority of Singapore (IRAS) WE refer to the article by Manmohan Singh titled “The case for a GST Ombudsman” (BT, Feb 15). It contains factual inaccuracies and misleading views which require clarification. The
      544 words


  • AVIATION
    • 526 22  -  It cites depressed demand across all markets, stubbornly high fuel prices By VEN SREENIVASAN LOSS-MAKING Singapore Airlines Cargo has cut capacity by 20 per cent in response to persistent weakness in demand and stubbornly high fuel prices. In a statement issued after market close,
      BLOOMBERG  -  526 words
    • 544 22  -  By VEN SREENIVASAN AMERICAN planemaker Boeing intends to convert all of the 1,100 commitments it has received for its B737MAX into firm orders within the next 12 months. Jim Albaugh, president and chief executive officer of Boeing Commercial Airplanes, said
      544 words
    • 406 22  -  By VEN SREENIVASAN VIETNAM-based low-cost carrier Jetstar Pacific has undergone a major shareholder restructuring which makes Vietnam Airlines and Qantas its two controlling shareholders. Under the deal announced yesterday, Vietnam’s State Capital Investment Corporation (SDIC) has transferred its majority stake in Jetstar
      VIETNAM AIRLINES  -  406 words
    • 586 22 26 countries are mulling over tit-for-tat measures Reuters [MOSCOW] Russia has joined countries considering tit-for-tat legislation to counter a European Union law that forces airlines to pay for carbon emissions, its transport minister said on Tuesday at the start of a Moscow meeting of
      Reuters  -  586 words
    • 372 22 Reuters [MUMBAI] Lenders to India’s Kingfisher Airlines have not agreed to extend further loans to the debtcrippled carrier, three banking sources said yesterday after reports that one stateowned creditor was close to offering a bailout loan package. Several newspapers reported that
      Reuters  -  372 words
  • Page 22 Miscellaneous
    • 330 22 CRYPTIC CROSSWORD Across 1 Cut back tough fish (8) 5 Charm bracelet finally after a cross (6) 10 Trite manifesto’s rewritten by member of government (8,2,5) 11 Sweet of superior quality, cold inside (4-3) 12 Tragic figure going round the beat (7) 13 Want to break hold being heavily involved
      330 words

  • 3173 23 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE STXPO TBN Antwerp/UK
    3,173 words
  • Page 23 Advertisements

  • SHIPPING
    • 668 24 They may face formidable obstacles in recovering significant damages Reuters [LONDON] When Walter Alderfer learnt last month about the Costa Concordia shipwreck off Italy, it brought back bad memories. In April 2007, he, his wife and daughter were aboard the Sea
      Reuters; REUTERS  -  668 words
    • 603 24 Threats to maritime industry, financial markets highlighted Reuters [LONDON] Satellite navigation systems are at risk from criminals, terrorists or even just bored teenagers, with the potential to cause major incidents from maritime disasters to chaos in financial markets, leading experts warned yesterday. From
      Reuters  -  603 words
    • 491 24 Reuters [LONDON] When tanker master Miro Alibasic takes one of his company’s vast ships across the Indian Ocean, he likes to have all the firepower he can get on board. Having seen last year how Somali pirates treat their captives, the
      Reuters  -  491 words
    • 254 24 SGX '000 Feb 22 S$ +/-Vol CH Offshore 0.39 0.01 239 Chuan Hup Hldg 0.23 -0.01 345 Cosco Corp 1.28 -0.03 ***** s$ First Ship Lea 0.21 unch 1390 Freight Links 0.06 unch 2442 Grand Banks 0.20 unch 4 Jaya Hold Ltd 0.54 -0.01 1259 K1Ventures 0.11 unch
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  • Page 24 Advertisements
    • 29 24 I FREIGHT I FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE Business times TO ADVERTISE, CALL JOE WONG AT 9620 1327
      29 words
    • 34 24 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. The Business Times Shipping Times Legal services required by shippers owners Can they find your services here in the Shipping Times?
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  • SINGAPORE STOCKS
    • 2563 25 Transaction date: Feb 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 112.5 92.5 AIMSAMPIReit 105 -1 524 106 104.5 104.5 105 1.9 10.6 466 Net M
      2,563 words
    • 240 26 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 1 0.2 t Advanced System 0.5 unch 506 0.5 0.4 0.4 0.5 16.7 8.3 Last Quote Div Gr Yld Net M Cap
      240 words
    • 7325 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Smaller Cos 1
      7,325 words
    • 200 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US36.5 -0.5 7944 37.5 36.5 36.5 37 2403.3 15 10 OGL Resources A$ A10 5 11.5 1.5 205 168 TanChongInt HK192 +1
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    • 885 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1048 -8 0 1048 1048 1047 1052 41.9 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.6 ***** ***** DBXT AUDCS
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  • FINANCE & COMMODITIES
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 21 Index Change Change Change Change Change Change World Preliminary 904.2 0.1 9.0 0.4 6.2 0.0 9.6 EAFE Preliminary 746.7 -0.3 9.5 -0.1 7.2 -0.5 10.7 Europe Preliminary 1114.6 -0.4 8.6
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    • 77 27 CRUDE OIL PRODUCTS Feb 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 120.80 0.22 WTI (Near Mth) 105.69 0.69 Dubai (1-Mth F) 116.57 -1.03 Tapis blend 127.53 -1.60 Minas 126.33 -1.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.89 0.33 Jet Kerosene 133.85 0.45 US$/barrel Opec Oil
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    • 107 27 Feb 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1271.00 1267.50 1276.00 1260.00 May 12 1277.00 1273.75 1282.25 1266.50 Jul 12 1285.00 1282.00 1290.75 1274.50 Aug 12 1279.50 1278.00 1283.50 1271.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 54.06
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    • 83 27 Feb 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-May-12 0.34 0.28 0.28 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.92 5-Year N*****0W 1.125 01-Apr-16 102.61 102.74 102.7
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    • 445 27 Feb 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5250 0 2112 Jun12 99.5000 0 1279 Sep12 99.4600 0 663 Dec12 99.4200 0 1118 EUROYEN TIBOR FUTURES Mar12 99.6700 0 1664 Jun12 99.6700 500 1844 Sep12 99.6675 0 683 Dec12 99.6675 300 415 Mar13 99.6650
      445 words
    • 107 27 As on 21 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1758.20 1735.40 1758.60 390 CURRENCY AUD-USD FUT MAR2012 1.0713 1.0632 1.0658 32 EUR-USD FUT MAR2012 1.3293 1.3194 1.3253 9360 BASE METAL COPPER FUT MAR2012 8460 8301 8459 2262
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    • 161 27 Feb 22 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 404.2 401.5 401.5 16 323 Apr 12 410.0 405.0 406.0 21 109 May 12 412.1 412.1 411.5 1 214 Jun 12 412.1 201 Jul 12 412.5 128
      161 words
    • 65 27 Feb 21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2211.75 2135.25 3 months 2255.00 2179.00 Copper, Grade A(US$/tonne) Cash 8443.75 8230.50 3 months 8449.00 8235.00 Lead(US$/tonne) Cash 2087.00 2020.75 3 months 2117.00 2051.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 80 27 Feb 21 COCOA (£/tonne) Close Prev High/Low Mar 12 1548 1505 1550/1506 May 12 1556 1514 1559/1513 Jul 12 1571 1526 1575/1527 Sep 12 1577 1530 1582/1534 COFFEE(US$/tonne) Close Prev High/Low Mar 12 1973 1987 1996/1934 May 12 1973 1987 1993/1945 Jul 12 1989 2006 2009/1966 Sep 12 2008
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    • 1318 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Baker Technology Ltd W*****6 6 1 32 13 5.58 9 Best World Intl Ltd W*****5 2 1 30 63 9.80 17 Biosensors
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    • 470 27 Feb 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.063 6.724 0.806 8.282 52.538 96.756 0.855 12.013 3.227 1.279 96.954 45.532 1.341 8.245 0.973 31.580 32.642 0.676 1.068 Canada 0.940 6.323
      470 words
    • 55 27 Feb 22 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) i v 0.*****
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    • 138 27 Feb 22 GOLD(US$/oz) Feb 22 Feb 21 Hong Kong 1762.00 1746.00 Feb 21 Feb 21 Feb 20 London 1755.35 1733.79 1756.15 1734.70 Source: Thomson Reuters CAST BAR Feb 22 (S$) Selling Buying Kilobar "76,143.34" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 484 355 10gm
      138 words
    • 57 27 Feb 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3225.0 2316.0 3246.0 3215.0 318 2942 Apr 12 3266.0 3241.0 3281.0 3238.0 1673 ***** May 12 3274.0 3250.0 3294.0 3249.0 ***** ***** Jun 12 3275.0 3250.0
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    • 24 27 Feb 22 Open High Sett STI Feb 2995.0 SIMSCI Feb 347.7 349.4 346.6 Taiwan Feb 282.7 285.3 284.6 Source: SGX Derivatives
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    • 155 27 Feb 22 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3407 1.3422 1.0677 1.0682 Canadian dollar 1.2606 1.2622 1.0039 1.0045 Euro 1.6647 1.6660 1.3257 1.3259 NZ dollar 1.0483 1.0497 0.8348 0.8354 Sterling pound 1.9838 1.9855 1.5798
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    • 154 27 Feb 22 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85 12
      154 words
    • 22 27 Feb 22 S$ Bid Offer 1-month 1.2557 1.2565 2-months 1.2556 1.2565 3-months 1.2554 1.2563 6-months 1.2541 1.2550 Source: OCBC
      22 words
    • 121 27 As at 9am Feb 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.37 1.305 Can dollar 1.284 1.235 Euro 1.696 1.631 Sterling pound 2.021 1.944 NZ dollar 1.077 1.026 US dollar 1.276 1.227 Local dollars to 100 units of foreign
      121 words

  • BizIT
    • 874 28  -  New entrants to the data centre service market are forcing existing players to differentiate their offerings, some with management suits, reports VICTORIA HO reportsVICTORIA reportsVICTORIA HO AS a wider variety of technology firms start offering data centre services, existing players in the market need to
      874 words
    • 399 28 Bloomberg [FRANKFURT] SAP AG and Samsung Electronics Co are teaming up to make mobile devices running Google Inc’s Android operating system safer to use as corporate tools, according to people familiar with the matter. SAP, the largest maker of enterprise-management software, and Suwon, Ko-rea-based
      Bloomberg  -  399 words
    • 831 28 AFP Bloomberg [SAN FRANCISCO] Dell Inc forecast fiscal first-quarter revenue missed analysts’ estimates as lacklustre demand from consumers and governments eroded growth at the world’s third-largest maker of personal computers. Revenue for the period ending in April will decrease 7 per cent
      AFP; Bloomberg  -  831 words
    • 861 28  -  Financial services firms should adopt security best practices for adequate protection <you say> By ANN JOHNSON The writer is vice-president for global identity protection and verification at RSA, EMC IN MANY ways, larger banks and regulators in Asia Pacific lag behind counterparts in the United Kingdom
      861 words

  • PROPERTY
    • 905 29 Dubai developer gains as business hub’s debt payment outlook improves Bloomberg [DUBAI] Emaar Properties PJSC bond yields declined to the lowest in six months as the Dubai developer gains from recurring income and on investor optimism that the Persian Gulf business hub will
      Bloomberg; REUTERS  -  905 words
    • 456 29 Reuters [PARIS] Europe’s largest hotel group, Accor, showed confidence in its ability to tap recovering demand for hotel rooms this year and generate cash as it handed investors a big-ger-than-expected dividend on the back of forecast-beating 2011 profits. Accor, the world’s fourth-larg-est
      Reuters  -  456 words
    • 766 29 PROPERTY TRANSACTIONS FOR DISTRICTS 4 TO 27 WITH CONTRACT DATES BETWEEN JAN 25 AND JAN 31, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Reflections At Keppel Bay Apt 26/01/2012 99 947 1807 1908 District 5 NON-LANDED
      766 words
    • 272 29 Reuters [ZURICH] The number of European guests spending the night in a Swiss hotel dropped 7.3 per cent last year, with Germans leading the slide at 10 per cent, as the strong Swiss franc lessened the appeal of an Alpine holiday.
      Reuters  -  272 words
    • 266 30 Bloomberg [TOKYO] The number of sites in Japan where land values were unchanged or increased in the last three months outnumbered spots that fell for the first time in 31/2 years, a land ministry survey showed. Values at 64 out of 150
      Bloomberg  -  266 words
    • 787 30 Home prices to stall with 0.1% climb in year to Dec 2012, and in 2013: poll Reuters [OTTAWA] Canada’s government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts
      Reuters; BLOOMBERG  -  787 words
    • 474 31 Residence permit holders allowed into pool; move could boost sales 20-30% Bloomberg [SHANGHAI] Shanghai eased home purchase restrictions to allow a broader pool of buyers to purchase a second property in China’s financial centre, Shanghai Securities News reported yesterday. The city loosened
      Bloomberg  -  474 words
    • 841 31 Bloomberg [DUBLIN] When Bill Clinton told American executives that they’d be “nuts” not to invest in Ireland, many were already ahead of the former president. US companies were behind almost 40 per cent of offices bought or leased in Dublin
      Bloomberg; BLOOMBERG  -  841 words
    • 485 31 Reuters [SINGAPORE] Australian home prices are unlikely to revisit the record highs of 2010, rising only modestly over the next two years, as a subdued global economy and tighter mortgage and monetary conditions crimp demand in the near term, a Reuters poll found. However,
      Reuters  -  485 words
    • 529 32  -  They are spending on upgrading works and new technologies By NISHA RAMCHANDANI [SINGAPORE] From upgrading works to new technologies, local hotels are enhancing their products and services to keep travellers coming back. Sheraton Towers, which first opened here in 1985, is spending $20 million
      529 words
    • 250 32 Reuters [LONDON] The world’s biggest hotelier, Intercontinental, said that it would create 3,000 jobs at its 275 hotels in Britain over the next three years, providing a boost for youth employment, as it launched a new training academy in London. The company,
      Reuters  -  250 words
  • Page 29 Advertisements
    • 34 29 A new exciting Retail Lifestyle Hub coming up at THE GRANDSTAND, 200 Turf Club Road. Retail Lifestyle F&B Enrichment School Spaces AVAILABLE For LEASE. Tel: +65 9155 9608 Email: retail@savills.com.sg savills AGENCY NO. L*****88B
      34 words

  • Page 30 Advertisements
    • 341 30 FOR SALE Leng Kee Road LAND SIZE Gross Floor Area 1 1 TENURE Zoning Amenities Selling price: 25m 1486.4 m 2 ***** sq ft) 3280.46 m 2 (***** sq ft) 5 storey with car showroom, basement carpark roof terrace car lift HDB 99 Leasehold from 1955. Balance (42 years) B1,
      341 words
    • 237 30 Condo Site at Bartley/Upper Serangoon Dist.19; Bartley Grove Apt adjoining site Land 65,305 sf; FH; GPR 1.4 5-sty Within1 km to Maris Stella High, Cedar Pri Near nex mall Aust/US schs, MRT stations Potential for 115 apts of ave. 800 sf Tender Closing on 21 Mar 2012 (Wed), 2.30 pm
      237 words
    • 111 30 London Singapore Hong Kong CENTRAL LONDON PROPERTY AGENT LONDON PRO PE OWNERS no/ LET YOUR APARTMENT TODAY /Q OUR CORPORATE TENANTS WAITING LETTING FEE SAFFRON RENT A LONDON PROPERTY EVERY 30 MINUTES Baltimore Wharf ChelseaCreek Merchant Sq Caspian Wharf St Williams Court Neo Bankside For Immediate Rental with RENT GUARANTEE
      111 words
    • 54 30 5-mins Outram Park MRT Office Keong Saik Rd 1121 sqft. $50k reno. #3 Walk-up. 100% Move-in. 6 partition rms. Fully fitted, 999 yrs. Conservation Johnny Chua 8444-9822 Global Property Strategic Alliance P/L (CEA Reg. No. L*****61F) Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg I to place your
      54 words
    • 21 30 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • Page 31 Advertisements
    • 140 31 ASIA GARDENS D2 FREEHOLD REDEVELOPMENT SITE SGH JLN BT MERAH RD Conservation Shophouses Outram I Pk MRT E Spottiswoode Residences EVERTON PK I SUBJECT SITE O People’s Pk Complex The Pinnacle Dragon Mansion Spottiswoode 2 18 CO RAEBURN PK Former Tanjoing Pagar KTM Site Area: 6,694.5 sq m (approx 72,059
      140 words
    • 251 31 r i EXHIBITION SAT 25TH SUN 26TH FEBRUARY 2012 11AM TO TPM m SHANGRI-LA HOTEL LOTUS ROOM ORANGE GROVE ROAD SINGAPORE *****0 I THE RESIDENCE WEST HAMPSTEAD LONDON NW6 WEST HAMPSTEAD THE KEY TO PERFECT LONDON LIVING. 56 interior designed studio, 1, 2 and 3 bedroom luxury apartments, most apartments
      251 words

  • Page 32 Advertisements
    • 119 32 Investment < Trends Sept 2011 Singapore Contracts for Difference Report Trade world indices and commodities in SGD and avoid currency exposure. *****529 EURO t LA Y F-aI-.'FvT «s i to V ft 20 'Jt —;nSS3 IS e SGD-denominated contracts available on major indices and commodities. Eliminate your currency exposure when
      119 words
    • 11 32 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words

  • Page 1 Advertisements
    • 287 1 RESILIENT MARKET he property market continues to be favoured by investors despite several rounds of cooling measures. In particular, mass-market private condos are much sought after on the back of strong upgrading demand amid still-buoyant HDB resale flat prices. Another factor helping to fuel demand for private homes is developers’
      287 words

  • THE BUSINESS TIMES Property 2012
    • 2597 2  -  Prospective buyers can consider the secondary market, where they may be able to find larger completed units, says CHIA SIEW CHUIN The writer is director, research advisory, Colliers International THE private housing market in Singapore scaled new heights in 2010 and 2011 as prices escalated past
      Source: NUS/Colliers International Singapore Research; Source: URA/Colliers International Singapore Research  -  2,597 words
    • 1168 4  -  Developments in the Outside Central Region, especially those with good attributes, will still be fairly resilient in the coming months, saysHAN HUAN MEI HAN HUAN MEI The writer is associate director at CBRE Research 2011 was a record year for mass market home sales. Urban
      FILE PHOTOS  -  1,168 words
    • 1474 6  -  Rents for newer properties near transport nodes will hold up better than older ones, sayCHUA CHOR HOONandLI JINQUAN CHUA CHOR ROOM LI JIMQUAN Chua Chor Hoon is head of Asia Pacific Research and Li Jinquan is research analyst at DTZ RENTAL growth of private
      FILE PHOTOS; Source: URA, DTZ Research  -  1,474 words
    • 1114 8  -  Despite uncertainty in the residential sector, developers and buyers can still gain from mid-tier and high-end projects, saysALAN ALAN CHEONG The writer is director of research and consultancy at Savills Singapore WITH the stock of unlaunched high-end condominiums stacking up, prospects for these properties appear worrisome.
      Source: URA, Savills  -  1,114 words
    • 1233 12  -  Even within a portfolio of properties, one should diversify to include various property segments, saysKU KU SWEE YOIMG The writer is CEO of real estate agency International Property Advisor Pte Ltd and the author of ‘Real Estate Riches Understanding Singapore’s Property Market in a Volatile
      1,233 words
    • 1463 12  -  By DENNIS NG The writer is an accountant by training and has 19 years of bank lending experience. He founded www.HousingLoanSG.com, a mortgage consultancy in Singapore, in 2003 and also set up www.MasterYourFinance. com, a financial education portal, in 2009 JUST mention “property financing” and
      STOCK.XCHNG  -  1,463 words
    • 2062 14  -  The government’s ramping up of the supply of executive condominiums is a great help for homebuyers to own private property in an affordable way, says mohamed ismail MOHAMED ISMAIL The writer is CEO ofPropNex Realty THE Housing and Development Board (HDB) moderated its
      2,062 words
    • 962 16  -  Besides residential properties, investors can look at strata industrial, office and retail properties. By JASON LEE, CHUA YANG LIANG Jason Lee is research analyst and Chua Yang Liang is head of research and consultancy at Jones Lang LaSalle CAPITAL has been shifting from residential to industrial properties
      Source: URA REALIS, Jones Lang LaSalle Research; Source: Jones Lang LaSalle Real Estate Intelligence Service (REIS); SIM LIM SQUARE  -  962 words
    • 316 16 FOR investors seeking to capture the yields and capital appreciation opportunities in the strata property market, here are some pointers: NNon-residential strata properties are viewed more as a factor of production in the economic equation. Investors need to be more attuned to global
      316 words
    • 1403 18  -  In recent years, landed properties have seen higher capital appreciation and proved to be more resilient during a downturn. By png poh soon, joanna chen wanzi andLE By PNG POH SOON, JOANNA CHEN WANZI, LE THI DARI THUY Png Poh Soon is director, valuation and
      FILE PHOTOS; Source: REALIS, Knight Frank Research  -  1,403 words
    • 1380 22  -  Transaction volumes of HDB resale market has decreased despite rising prices. By EUGENE LIM CHAN HUI XIN Eugene Lim is key executive officer and Chan Hui Xin is research executive at ERA Realty Network Pte Ltd Urban Redevelopment Authority (URA) statistics released last month show that
      FILE PHOTO; Source: HDB, ERA Research  -  1,380 words
    • 1146 28  -  Regional hubs, business parks coming on-stream will add to array of space options for occupiers, saysALAN ALAN CHEONG The writer is director of research and consultancy at Savills Singapore THE Singapore office market is facing competitive pressures from within. Upcoming business park space is creaming off
      Source: URA; Source: RLB  -  1,146 words
    • 1245 28  -  By NICHOLAS MAK The writer is executive director, SLP International RIDING the waves of a rapid economic rebound from late 2009, prices and rents of industrial properties in Singapore climbed northwards. Capital values of industrial properties islandwide increased 23.7 per cent in 2010, followed by a
      Source: URA, SLP International  -  1,245 words
    • 1472 30  -  Despite challenges ahead, retailers and landlords can still find suitable growth opportunities in the market. By PETER SEE-TOH CLAUDIA TANG Peter See-Toh is managing director, retail services; and Claudia Tang is assistant manager, retail services at Knight Frank 2011 seems to be a year plagued with
      FILE PHOTOS; Source: Department of Statistics / Knight Frank Research; Source: Knight Frank Research  -  1,472 words
    • 849 32  -  Revenue per available room is expected to rise this year despite economic uncertainty, saysROBERT ROBERT MCINTOSH The writer is executive director, CBRE Hotels, Asia Pacific THE Singapore economy is now expected to move on to a more stable growth path, with real Gross Domestic Product
      FILE PHOTO; Source: STB, CBRE, Hotels  -  849 words
    • 1053 34  -  After years of focusing on high-end properties, developers are likely to turn their attention to more affordable housing, reports Pauline ng reportsPAULINE reportsPAULINE NG [KUALA LUMPUR] Malaysia’s real estate sector is expected to be more subdued this year with property transactions seen slowing particularly in the
      BLOOMBERG; Source: Malaysia Property Inc Research  -  1,053 words
    • 2200 36  -  Singapore-based property developers see great potential in the world’s second-largest economy, reportsMINDY TAN reportsMINDY reportsMINDY TAN SINGAPORE-BASED developers have long recognised the possibilities available in China and an increasing number are moving to get a finger in the pie. The demand for integrated communities
      2,200 words
    • 1097 38  -  Top notch residential property defies recession and rises in 2011, reports NEIL BEHRMANN [LONDON] Prime residential property in London defied the gloomy British economy and achieved sharp gains in 2011. The price jump and mild rental increases caused yields to slide to such low levels
      BLOOMBERG; Source: John D Wood & Co  -  1,097 words
    • 1030 38 Bloomberg [HONG KONG] Retailers from Forever 21 Inc to Gap Inc have rushed to Hong Kong to reach the 28 million Chinese tourists passing through last year. One big cost: paying the rent. Hong Kong retail rents, which rose 32 per cent in
      Bloomberg; REUTERS  -  1,030 words

  • Page 3 Advertisements
    • 426 3 Nature revealed t 251 :«fem *K Lr i -> >-w Mi V* ii 5fip J, *1 I *v BE U*. >;• S' r? >•, vr; M /s fl >VTr K S& §m w* t<Mt V; -r i 4* i ***■> 1rfV i? m fey T> •»•■/>;'# Sr** >». i '■V
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  • Page 4 Advertisements
    • 38 4 Ta I I 1 I ffp£*3 v f ei I SfcSSt66 eng watt street 01.04 (historic tiong bahru) rice-fields.com RIGHT PLACE RIGHT PRICE :r m RIC0 NEW LUXURY FOR LESS y»,v I I stone tiles moz i i
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  • Page 5 Advertisements
    • 128 5 The St.Regis Singapore Raffles Girls’ Sec School Trevose Crescent Botanic Gardens Palais Renaissance Bukit Timah Rd Forum The Shopping Mall Wheelock Place The Pines Club Tanglin Club Dunearn Rd Stevens (U/C) DunkirkAve PlymounthAve TheAmerican Club Whitley Rd Shaw House Orchard Stevens Rd Tangs Orchard Rd S’pore Chinese Girls’ Sch (Pri/Sec)
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  • Page 7 Advertisements
    • 301 7 WHERE A BUSINESS GOES DEPENDS ON WHERE IT IS Marina Bay Financial Centre (MBFC) welcomes you to seize this limited opportunity to be part of Tower 3 and one of the world’s most vibrant financial hubs. ill MARINA BAY FINANCIAL CENTRE An iconic addition to the heart of the New
      301 words

  • Page 8 Advertisements
    • 159 8 >#• I III'' rt* ll 1 I 1 I JW E5L<^ fe vw_-' o O s EXPRF;; I 1 m *V ROBINSON SQUARE Rare FREEHOLD strata titled offices/shops in CBD f X Short walk to Tanjong Pagar MRT station food centres Good sized offices with high ceiling, direct lift access
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  • Page 9 Advertisements
    • 243 9 /r> •/J A v\. Si New Units Released m I *.vS •J o* L (R JBBf.Sr.A f \‘iv' V,. JTI IA ■i. r I ivsr Tjffig- HI fllllHW** (/kiikHW^SBI f r J C-* *m j r ■Mr ■1. -,SS,0' srw jggl <"<2: c 'yCi5£;a _> «t ife-x—- IMSa »-5 tat
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  • Page 10 / 11 Advertisements
    • 546 10 / 11 2 Great Investments 1 Strategic Location r/ p.t i >13 ?er£*5 -'i EM n -11U n rs Hi wit! nip. n. JJ i w :n I a > .1 K -Iff ■v k St, JV<KM1»K .‘1 KOI*. 7* M a ■fs m h > Iff I M II -r ■'W/l
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  • Page 13 Advertisements
    • 731 13 Advertorial mW,* 4->.-i -a k:i B i i 3 i< a V ft -J’> > i I mi am m. d I > J JPP i 4 i B? 5G &fi Kft A Full Circle Of Life At Your Doorstep. As any property buyer knows, the top criteria for a
      731 words


  • Page 15 Advertisements
    • 559 15 ADVERTISEMENT The Grandeur Of The Past. The Vision Of The Future. UIC Bringing Prestige And Vitality To The Singapore Landscape. r: rh r E r I T ■f—1/ rnjirg'y i'-i-nfVVW J ij^iiMpu'nva/niwciuiimYiEi p: MTS iSiiB LL*—; at#** mB 3 PS 5 u S R A --r Snd! H g.. s
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  • Page 17 Advertisements
    • 268 17 ini 1 ■fc. :^«£f“ I mi •F&t I.*.-* mi :> ini J, <- A Ik V a an mm m w$k r ’tar.-'- r #9 t- V aw-: ags k j awsc v* 3 ■s ’-y- 5 >' hit* j s& $$5i AvijisTSW SB *rr ssr wm^ssm tsms&wsaem *T*>.,/J ,.i
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  • Page 19 Advertisements
    • 366 19 Pavilion Park Estate in Perpetuity An oasis of tranquility is now yours to Ska***. V V* m vj AJAf^c. y V r&, ft 'P*' vJh ■W if ’SSke tty 7 ■A rj SS a /i ‘f rr n ,i m *v Jbk@ W smi m rx m r w i
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  • Page 20 / 21 Advertisements
    • 1225 20 / 21 Kranji Industrial Estate HOUSEHUNT 2012 STRAITS OF JOHOR Sungei Kadut Industrial Estate Marsiling Yew Tee Senoko Industrial Estate Choa Chu Kang Kranji Admiralty Jurong West Choa Chu Kang BKE Woodlands Sembawang EE Woodlands GG KJE BB PIE FF DD Pioneer Tuas Bukit Panjang Sembawang Yishun Tuas Link Pulau Seletar 28
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  • Page 23 Advertisements
    • 390 23 A life of wellness, RIVERSftUND close to the river and more. Residence* Weekend Leisure Travelling Ease Less than 5 mins Punggol Park Serangoon Reservoir Serangoon Park Connector Family Recreation 5 mins walk to Kangkar LRT station Direct link to town via KPE Shopping Indulgence 2-4 MRT stops 1 MRT stop
      390 words

  • Page 24 Advertisements
    • 897 24 \e'o' ra^i ERA years Singapore Congratulations! ERA Salutes Our 2011 Top 300 Achievers! Our Top Achievers were recognized and honoured at ERA Asia Pacific Business Conference, Marina Bay Sands, Singapore on 17 February 2012. They will also be honoured at ERA International Business Conference in New Orleans, U.S.A. on 14
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  • Page 25 Advertisements
    • 1460 25 ERA REAL ESTATE Celebrating 30 Years At ERA Asia Pacific Business Conference And Hersing Gala Dinner 2012 ERA Singapore held its annual ERA Asia Pacific Business Conference on 17 February 2012 and Hersing Gala Dinner on 18 February 2012 at Marina Bay Sands. This year’s theme, “Celebrations Inspirations” is a
      1,460 words

  • Page 26 Advertisements
    • 957 26 ADVERTISING FEATURE Blazing A Trail In Lifestyle Business Hubs a T •-V. isk W r f TV Artist’s Impression: Primz BizHub Woodlands OKH Holdings’ lifestyle-oriented business hubs are set to change industrial user requirements with their aesthetically-pleasing concepts. It used to be that anyone looking for industrial space will have
      957 words

  • Page 27 Advertisements
    • 302 27 r» rp-T K 1 BIzHub Building a better north B& 919 1 HIT 9i: 9 HI .11 9 iiiiiii I s ii -5 w L ii M err,a hm ss m&m i I I mtvitm swkdrf wC ii «5f+CH Itfr 1 v r S&,; *w. IipjaSSw i V -v 'i
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  • Page 29 Advertisements
    • 239 29 Another premium development by: www.eldev.com.sg An Integrated Space FREEHOLD ELDIX is a sleek and new-age 12-storey ramp-up industrial building with a B1 classification providing the perfect setting for work, relaxation and interaction. Offering 169 units with a range of sizes and direct vehicular access to all floors. ELDIX is designed
      239 words


  • Page 31 Advertisements
    • 232 31 PAYALEBAR SQUARE RARE 99-YEAR STRATA-TITLED OFFICE SPACE FOR SALE OVER 250 UNITS SOLD! STRATEGICALLY LOCATED NEXT TO RAYA LEBAR MRT INTERCHANGE LI rm IJM 11 11 i-t Mn n i i ILL m n TI i ll Hi ■r in* i 1 9 I \S s. M.u, 1 «ns “4
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  • Page 32 Advertisements
    • 238 32 uxunous ifestyle iving In The Heart Of Iskandar Development Region -=5 ENCfeRT MARINA Putiri Harbour FREEHOLD T -£L Si Si r- 3 ass^si n Ss*Sg S*S£ *55?-•-K ra i>: r,, UNITS FROM $380 D.S.f Superb Location with convenient amenities: Prestigious Marina Puteri Harbour Marina Club Alfiat Health Park Columbia Asia
      238 words
    • 190 32 HSR OVERSEAS PROPERTY INVESTMENTS As global property investments become a way of life. HSR will continue to be one of the market leaders in serving top developers and astute investors. With more than 20 years of experience in marketing overseas properties, we are able to bring high growth potential and
      190 words

  • Page 33 Advertisements
    • 850 33 Builder of Distinction Setia SPSETIA BHD GROUP An Internationa ra-vvinninq Since its incorporation in 1974, S P Setia has grown rapidly to become a household name in the property development industry. Recognised as one of Malaysia’s leading listed real estate players, the Group's extensive portfolio encompasses townships, eco sanctuaries, luxury
      850 words


  • Page 35 Advertisements
    • 105 35 hen co-chic where sustainability happens naturally 1 BAYOU CREEK Canal Front Bungalows Semi-Ds From Only SGD750.000* h r l r i m 14.: 3* m 9BM ’I* f'i l Lk 4 i Ay. Come to our Tea Reception showcasing Bayou Cree Singapore Sales Office No. 51, Goldhill Plaza, #12-02/*****, III
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  • Page 37 Advertisements
    • 748 37 ADVERTISING FEATURE iTn m m U CENTAWNE PROP53TY P •«HWK* XT v >. m M m u W i-i 3T k M V? rate; A Take a Golden Hide to i Pacific; Centaline Property Agency Limited, a well-known real estate agency in Hong Kong and Mainland China, started its new
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  • Page 39 Advertisements
    • 1353 39 Advertising Feature With its exquisite architecture, vibrant cultural scene and cosmopolitan city lifestyle, London is often regarded as one of the most livable places in the world. But nowhere in London is more livable than the city's chic zone two district, which is home to several trendy suburbs like Greenwich
      1,353 words