The Business Times, 15 March 2012

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, March 15, 2012
    25 words
  • Article
    Lock icon MAS adds heft to SGD bond market
    651 1  -  It will create lending facility for corporate bonds and a price discovery platform By SIOW LI SEN [SINGAPORE] The local debt market got a shot in the arm yesterday as the Monetary Authority of Singapore (MAS) said it will provide swap liquidity to
    651 words
  • Article
    Lock icon China quashes any hope of relief for real estate sector
    878 1  -  PM Wen Jiabao says home prices are still far from reasonable By SHU-CHING JEAN CHEN in Hong Kong THERE is no relief in sight for China’s faltering real estate market as Premier Wen Jiabao indicated yesterday that the government remains
    878 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 3,026.40 (+37.33) GST INDEX FUTURES 3,021 (+39) GSIMSCI 348.66 (+4.46) GSIMSCI FUTURES 348.60 (+4.00) US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.568 1.979 EURO (US$/S$/E) 1.305 1.647 Foreign currency per US$ S$ YEN 83.20 65.90 RM 3.049 2.415 HK$ 7.761 6.148 BAHT 30.74 24.35 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      138 1 PROPERTY Robinson Point and 2HR up for sale PAGE 4 PRECIOUS METALS MARKET S’pore aims to be Asia’s gold trading hub page 2 I PAGE 4 Want iPadQuick? Then UnoSleep Every SOHO is designed to give you total freedom. Play with your space. Shape it. Form it to vi 1
      138 words
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      133 1 AVIATION Cathay Pacific posts 61% profit plunge PAGE 20 BizIT S’pore firms hooked on mobility PAGE 26 DRIVE TO A DIFFERENT BEAT. THE NEW 4.0L V8. s i 8 WHERE EXHILARATING PERFORMANCE MEETS UNRIVALLED EFFICIENCY. Get ready as we soon will unveil our new red-enamelled “B" wing Bentley. Powered by
      133 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      358 2 MAS adds heft to SGD bond market THE local debt market got a shot in the arm yesterday as the Monetary Authority of Singapore said it will provide swap liquidity to encourage more global companies to issue local currency bonds. MAS said it will also create a lending
      358 words
    • Article, Illustration
      Lock icon Singapore aims to be Asia’s gold trading hub
      800 2  -  But competition from Hong Kong and Dubai and lack of refinery pose challenges: IE S’pore By KENNETH LIM [SINGAPORE] Trade agency International Enterprise (IE) Singapore hopes to expand the country’s share of the global precious metals market at least five-fold within 10
      BLOOMBERG  -  800 words
    • Article
      Lock icon Jocks, Telstra out to turn TV Now into TV Never
      599 4  -  They appeal court ruling that Optus service isn’t against copyright law By JOYCE HOOI [SINGAPORE] Heavyweights in Australia’s sports and telco industries have dragged a brawl with SingTel’s Optus back into court, in a bid to keep bil-lion-dollar sports broadcasts
      599 words
    • Article, Illustration
      Lock icon Robinson Point, 2HR placed on the market
      803 4  -  Properties expected to fetch $306m and $300m respectively By KALPANA RASHIWALA [SINGAPORE] US property fund manager AEW has put Robinson Point in the Central Business District and 2HR at Havelock Road on the market with pricing expectations of about $306 million and $300
      803 words
    • Article, Illustration
      Lock icon Insurance industry’s profit jumps 25% to $248m
      593 4  -  Turnaround in motor insurance with gains of $21 m By SAMUEL EE [SINGAPORE] Singapore insurers had a good year in 2011 as the general insurance business grew 4.5 per cent to a record $3.17 billion in premiums and profit soared, led by a
      593 words
    • Article, Illustration
      Lock icon Want iPadQuick? Then UnoSleep
      665 4  -  By JOYCE HOOI [SINGAPORE] Apple fanatics kept awake by the prospect of the new iPad will have good reason to stay up tonight. SingTel will start selling the new iPad online from 12:01am tonight itself (the launch date of March 16) and will deliver the gadget
      AP  -  665 words
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      595 2 AN INVITATION TO PARTICIPATE IN THE SINGAPORE SUSTAINABIMTY AWARDS REGISTRATION CLOSES ON 31 st MARCH 2012 The Singapore Sustainability Awards (SSA) is an initiative of the Singapore Business Federation and comprises the Sustainable Business Awards (SBA) and the Green Technology Awards (GTA). Inaugurated in 2010, the awards recognise companies that
      595 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      97 3 www.vw.com.sg Golf* Best-selling hatchback 2011. Golf Sport $12,000 oft. d Vi Golf 1 Scirocco. Best-selling coupe 2011. $12,500 off. > V 05 r Scirocco 'sc V Jetta. Best-selling continental mid-size sedan 2011. $6,300 off. Jetta Tiguan. Best-selling SUV 2011. $9,000 off. Tiguan m E2 i m Four best-in-class sellers. Enjoy
      97 words
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  • Page 5 Advertisements
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      36 5 BOSS Selection HUGO BOSS HONG KONG LTD. Phone +852 2377 4404 www.hugoboss.com 1 IT C u 4# 1 BOSS SELECTION HUGO BOSS BOSS Selection Store Singapore #01-17, ION Orchard 2 Orchard Turn Tel: +65 6238 9328
      36 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Where firms are found wanting in corporate governance issues
      462 6  -  Listed companies score lowest when it comes to the rights of shareholders By JAMIE LEE WHEN it comes to corporate governance issues involving Singapore-listed entities, companies fare worst in the area of shareholder rights. This is the finding of a running
      FILE PHOTO  -  462 words
    • Article
      Lock icon Cambridge trust buys Nobel’s Tai Seng property
      568 6  -  $72.3m price tag includes $13.08m for additional space By CARINE LEE CAMBRIDGE Industrial Trust (CIT) is acquiring Nobel Design Holdings’ Tai Seng Street property for $72.33 million. The price includes $13.08 million payable to the seller for works to be carried out to
      568 words
    • Article
      Lock icon Client-authorised CDP access for brokers early next year
      246 6  -  SGX plans include offer of new equity derivative contracts By R SIVANITHY in Boca Raton, Florida THE Singapore Exchange (SGX) plans to revamp the Central Depository (CDP) system to allow brokers access to client accounts sometime early next year but only if
      246 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1339 6 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 1 150 245 22.00 26 Baker Technology Ltd W*****6 3 1 32 13 10.33 8 Best World Intl Ltd W*****5 2 1 30 78 9.00 16 Biosensors
      1,339 words
    • Article, Illustration
      Lock icon Failed ASX bid put SGX on the map: Bocker
      374 6  -  By R SIVANITHY in Boca Raton, Florida THE Singapore Exchange’s (SGX) attempt to take over the Australian Stock Exchange (ASX) may have fallen through, but this had a silver lining, said CEO Magnus Bocker. At a press conference here to unveil
      FILE PHOTO  -  374 words
    • Article, Illustration
      Lock icon China real estate firm sells HK$2.2b convertible bonds
      381 7  -  DBS guarantees the deal by China Overseas Grand Oceans Finance By SIOW LI SEN CHINA Overseas Grand Oceans Finance yesterday sold HK$2.2 billion (S$359 million) convertible bonds after the deal was creditenhanced or guaranteed by DBS Bank. The guarantee from DBS in
      FILE PHOTO  -  381 words
    • Article
      Lock icon Jaya Holdings CEO Chan Mun Lye retires on March 31
      388 7  -  COO Venkatraman Sheshashayee to assume position By LYNN KAN JAYA Holdings’ chief executive officer and executive director Chan Mun Lye will be retiring at the end of this month. In a statement to the Singapore Exchange yesterday, the company said
      388 words
    • Article
      Lock icon Outfit set up for MLT acquisition of seven facilities
      244 7 MAPLEETREE Logistics Trust Management (MLT) has entered a silent partnership structure for the acquisition of seven logistics assets in Japan, which would allow the investment to qualify as a passive income stream. Under the structure, a wholly owned subsidiary of HSBC
      244 words
    • Article
      Lock icon Structured warrants trading perks up
      330 7  -  By LIM WEI SHENG STRUCTURED warrants trading on the Singapore Exchange (SGX) saw a spike in February as increased investor confidence coincided with the exit from the traditional sea- sonal ebb of the Chinese New Year period. Total structured warrant trading volume in February climbed
      330 words
    • Article, Illustration
      Lock icon New DBS team for high net worth clients
      257 9  -  It aims to tap rising overseas demand keen to invest in Asia’s growth By JASMINE NG DBS Private Bank is assembling an international team to tap rising overseas demand from high net worth individuals keen to invest in Asia’s growth. The team
      FILE PHOTO  -  257 words
    • Article
      Lock icon Fortune Reit ‘a stable dividend yield play’
      318 9  -  By TEH SHI NING FORTUNE Real Estate Investment Trust (Fortune Reit) is likely to provide stable dividends with growth opportunities, given its recent acquisitions, upgrading of existing properties, and growth in Hong Kong’s retail market, says OCBC Investment Research. The research house yes-
      318 words
    • COMPANY BRIEFS
      • Article
        Lock icon Swiber in $66.2m share placement
        117 9 Reuters SINGAPORE offshore services firm Swiber Holdings has launched a share placement to raise up to $66.2 million, IFR reported yesterday. The company is offering 80 million shares at $0.635-$0.655 each, with an option to increase this by up to 21.071 million shares, according to
        Reuters  -  117 words
      • Article
        Lock icon Berlian units seek court protection
        86 9 Bloomberg UNITS of PT Berlian Laju Tanker, Indonesia’s largest shipping company by market value, sought bankruptcy protection from creditors in the United States. Units including Chembulk New York Pte Ltd filed yesterday in the Bankruptcy Court in Manhattan for protection under Chapter 15 of the
        Bloomberg  -  86 words
      • Article
        Lock icon Stamford Tyres Q3 net falls 24%
        110 9 STAMFORD Tyres’ Q3 net profit attributable to equity-holders fell 23.9 per cent to $2.24 million from $2.95 million a year ago. Revenue for the three months ended Jan 31, 2012, dipped 0.5 per cent from $89.3 million to $88.9 million. The drop came from
        110 words
      • Article
        Lock icon Medi-Flex posts Q2 net of RM1.06m
        85 9 MEDI-FLEX Ltd said its profit for the fiscal second quarter ended Feb 29, 2012 decreased 23 per cent year-on-year to RM1.06 million (S$441,300) from RM1.38 million. On the back of higher demand for nitrile, turnover increased 26 per cent year-on-year to RM40.87 million. Earnings
        85 words
      • Article
        Lock icon Int’l Container in MOU with Lekki
        102 9 INTERNATIONAL Container Terminal Services Inc said it has signed a memorandum of understanding (MOU) with Lekki Port LFTZ Enterprise. Under the MOU, the two companies will have six months to discuss the terms of a 20-year exclusive sub-concession agreement to provide the facilities, operations,
        102 words
    • Article, Illustration
      Lock icon Power demand stays firm but rising oil prices a dampener
      597 10  -  Growth tops 5% in first 2 months, adding to signs of economy’s resilience By RONNIE LIM ELECTRICITY demand here, including by businesses and industries, has stayed relatively firm so far this year, reflecting resilience in economic activity, genco officials told
      597 words
    • Article
      Lock icon Workplacefatalities rise to 61 in 2011 but injuries fall 1.9%
      307 10  -  By ANNA LEE THE number of workplace fatalities rose to 61 in 2011 from 55 in 2010, even as overall workplace injuries fell 1.9 per cent to 10,121 last year, figures from a recent Workplace Safety and Health (WSH) report
      307 words
    • Article, Illustration
      Lock icon Customer satisfaction levels hit record high in 2011: survey
      613 10  -  By BRYAN KOH BUOYED by improvements in seven of the nine industry segments measured, customer satisfaction levels in Singapore reached a record high in 2011, according to a survey of 32,550 respondents. Findings from the latest instalment of the Customer Satisfaction
      FILE PHOTO  -  613 words
    • Article
      Lock icon Supply of hotel rooms may rise 20% by 2016
      402 10  -  19 new hotels likely to enter the market by end-2013 By NISHA RAMCHANDANI HOTEL room supply in Singapore could grow 20 per cent by 2016 as a potential 9,228 rooms come onstream by then, according to property consultancy CBRE Hotels. Nineteen
      402 words
    • Article
      Lock icon Technology boost for communitybased health care
      330 10  -  By NISHA RAMCHANDANI FROM portable medical devices to mobile solutions, technology could be one way to help ease the shift towards community-based care. “Singapore is experiencing a paradigm shift in the healthcare sector which is increasingly revolving around patients and the provision of care
      330 words
    • Article
      Lock icon Board set up for Lee Kuan Yew Fund for Bilingualism
      277 10  -  By LIM WEI SHENG A 16-MEMBER board has been set up by the Ministry of Education to administer the Lee Kuan Yew Fund for Bilingualism and spearhead initiatives to support English and mother tongue teaching, especially at the pre-school level.
      277 words
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      Lock icon Page 7 Advertisements Column 1
      103 7 Investment T rends u Sept 2011 Singapore Contracts for Difference Report Trade EUR/USD from 0.8 pips and no re-quotes. »Or r> 7 U G os y #3? 7 9 8b <?£ Standard and mini contracts on the same tight spreads. Automatic rebates for high-votume traders. Singapore’s No.1 for CFD Customer
      103 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wen’s remarks hit China, HK stocks
      596 8  -  But ST Index regains composure to end 37 points up after European markets’ strong opening STOCKS VEN SREENIVASAN Senior Correspondent IF the confidence is measured by the manner in which investors react to remarks by political leaders, then confidence can be a volatile commodity
      Source: Bloomberg  -  596 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Mar 14 VALUE CLOSE BT OB/OS 44.00 +108.0 BT CADI -*****.00 +118.0 BT 10-day MA -*****.00 +5.00 FTSE ST Mid Cap 697.91 +6.35 FTSE ST Small Cap 465.96 +1.61 FTSE ST All Share 731.97 +8.25 FTSE ST China Top 230.30 +3.34 FTSE ST China 257.56 +3.25 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 4 0 0 0 9 3 4 Manufacturing 75 54 29 10 7 5 85 61 34 Commerce 31 14 19 2 4 2 33 18 21 Tpt/Stor/Comms 18 14 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      810 8  -  Compiled by LYNN KAN Cambridge Industrial Trust March 14 close: $0.535 DMG Partners Research, March 14 THE management of Cambridge Industrial Trust (CIT) has just announced the acquisition of the property at 16 Tai Seng Street for a purchase consideration of $59.25 million. On completion of the acquisition
      Source: Bloomberg  -  810 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,131 32,131 62,382 62,382 Manufacturing 420,894 50,710 471,604 325,552 702 326,254 Commerce 157,398 4,467 161,865 220,464 373 220,837 Tpt/Stor/Comms 150,573 32,849 183,422 186,395 7,259 193,654 Finance 24,061 24,061 216,947 216,947 Construction 112,540 18,062 130,602 19,580
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.615 +0.005 CapitaLand 3.050 +0.060 CapitaMall 1.825 -0.010 CityDev 11.230 +0.120 ComfortDelGro 1.495 -0.005 DBS Grp 14.460 +0.130 F&N 6.730 +0.060 GLP 2.220 +0.040 Genting SP 1.650 +0.055 Golden Agri 0.740 +0.015 HK Land 5.780 +0.100 JMH 53.000 +0.040 JSH 32.400
      113 words
    • Article, Illustration
      Lock icon Dollar rises broadly after Fed upgrade
      440 8 CURRENCIES Reuters [NEW YORK] The US dollar hit a fresh 11-month high against the yen and a new one-month high against the euro yesterday, after the Federal Reserve upgraded its economic outlook on Tuesday amid a string of US data reports that indicate a
      Reuters; BLOOMBERG  -  440 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME MDR 218,916,000 UPP 120,792,000 Genting SP 115,270,000 MDR W*****5 90,593,000 Golden Agri 71,418,000 Noble Grp 64,840,000 TopGlobal W*****9 51,841,000 UniFiber 41,605,000 Yangzijiang 37,663,000 Olam 33,570,000 VALUE($) Genting SP 188,408,410 Noble Grp 92,542,530 DBS Grp 89,573,090 Olam 77,999,990 Wilmar 75,685,896 UOB 68,512,220 Golden Agri 52,854,560 Yangzijiang 50,918,800
      55 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 131.2 0.9 Jardine C&C 4838 88.0 1.9 Pru 500US$ 1200 78.2 5.4 UOB.ES.1203 1845 64.0 3.6 Lyxor MS India 10US$ 1429 61.8 3.6 DBXT MSAsExJp 10US$ 3225 53.0 1.3 JSH 3240 50.5 1.3 DBXT MSTaiwan 10US$ 1860 46.7 2.0 UOB 1847
      109 words
    • Article
      Lock icon FALLS
      119 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -415.2 -2.0 DBXT S&P Short 10US$ 3729 -60.6 -1.3 DBXT MSMSIA 10US$ 1351 -25.2 -1.5 DBXT CSI300 10US$ 893 -21.5 -1.9 IS ASIA HYG100US$ 1053 -7.6 -0.6 STXPO 100 906 -7.0 -0.8 Lyxor AsiaRE 10US$ 883 -6.3 -0.6 FirstRes 187 -5.0 -2.6
      119 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Upbeat BOJ report boosts hopes of export-led recovery
      543 11  -  Jan industrial output rises 1.9%; yen’s continued slide cheers markets By ANTHONY ROWLEY in Tokyo A RELATIVELY bullish report yesterday from the Bank of Japan (BOJ) on the health of the Japanese economy, coupled with further easing in the yen against the
      PHOTO: REUTERS  -  543 words
    • Article
      Lock icon Importance of emerging economies revealed
      594 11 Global markets wobble on China’s February deficit AFP [PARIS] World markets’ reaction to recent signs of a slowdown in emerging economies has highlighted the importance of these new engines of global growth to the financial system, say analysts. Markets were destabilised on Monday by Chinese
      AFP  -  594 words
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      218 11 PR CORRUGATED SHEET FOR FLOOR PROTECTION DIRECT IMPORT FROM FACTORY L (g) *****616 Ecld. S.ooo 1973 Visit us at www.guanming.com.sg IN UNCERTAIN TIMES, BRANDING IS THE ONLY CERTAINTY Thursday, 29 March 2012, Sands Expo Convention Center 3 Singapore Brand Conference BRANDING THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION
      218 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Up to half of Indonesia’s tax collection lost to graft
      336 12 Xinhua [JAKARTA] Indonesia could lose up to half of its tax revenues to rampant corruption plaguing its tax-collecting agency, a recent survey found. Jakarta-based think tank Perkumpulan Prakarsa said that potential losses in tax revenue for 2012 could reach 521
      Xinhua  -  336 words
    • Article
      Lock icon Investment by Phison seen giving Malaysia brain gain
      603 12  -  Taiwan-listed firm to set up design centre that will train local engineers By PAULINE NG in Kuala Lumpur AS an investment amount, it was relatively small cheese for the Malaysian Investment Development Authority (Mida). But beyond the US$1 million to US$3 million
      603 words
    • Article, Illustration
      Lock icon EPF plans to invest more in foreign holdings
      788 12 It will raise overseas holdings to 30% by 2017, says CEO Bloomberg [KUALA LUMPUR] Malaysia’s Employees Provident Fund (EPF), the sec-ond-largest state-run pension system in the Asia-Pa-cific region, plans to raise holdings of overseas investments to 30 per cent by 2017 to
      Bloomberg; BLOOMBERG  -  788 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      1273 12 WATS NOTICES ADVANCED SYSTEMS AUTOMATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0740M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at Block 25 Kallang Avenue, #06-01, Kallang Basin Industrial Estate, Singapore *****6 on 30
      1,273 words
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      Lock icon Page 12 Advertisements Column 2
      33 12 STJOBS ni Like AND STAND TO WIN 3 NEW I PADS*! B SCAN NOW WITH VOUR SMART PHONE TO FIND OUT MORE. OR VISIT WWW.STJOBS.SG I STJOBS Marketing Magazine (2011) TERMS CONDITIONS APPLY.
      33 words
  • Page 12 Miscellaneous
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  • INDIA
    • Article, Illustration
      Lock icon Railway minister proposes fare hikes
      843 13 Opposition lawmakers seize on the fare increase to attack the Congress party-led coalition govt Reuters [NEW DELHI] India will raise railway passenger fares for the first time in eight years as it presented its rail budget, snapping a populist trend to help mend the finances
      Reuters; AFP  -  843 words
    • Article, Illustration
      Lock icon Mukherjee’s uphill task in Budget reform push
      788 13  -  Finance minister needs to focus on reducing deficit, cutting subsidies, liberalising key sectors COMMENTARY MALMINDERJIT SINGH Correspondent ALL eyes will be trained on Indian Finance Minister Pranab Mukherjee tomorrow as he unveils his national Budget against the backdrop of a slowing economy and
      788 words
    • Article
      Lock icon GIC acquires stake in eye care firm for US$100m
      283 13  -  By TEH SHI NING THE Government of Singapore Investment Corporation (GIC) has invested US$100 million through affiliates to acquire a minority stake in Vasan Health Care, a Chennai-based specialty eye care and dental care company. The investment will help the company
      283 words
  • Page 13 Advertisements
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      93 13 I. I H? Are you one of the many employers who have challenges in finding the right 'W' candidates with the yy factor to fill your Sales, Marketing and Business Development positions? Be part of our career event on 5 APRIL 2012! Participating employers will be provided with a unique
      93 words
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  • WORLD
    • Article, Illustration
      Lock icon Current-account deficit in Q4 hits 3-year high of US$124.1 b
      599 14 The gap grows 15% from a revised US$107.6b shortfall in the prior quarter LATEST US DATA Bloomberg [WASHINGTON] The cur-rent-account deficit in the United States widened more than forecast in the fourth quarter to US$124.1 billion, the biggest in three
      Bloomberg; AFP  -  599 words
    • Article
      Lock icon Inflation weighs on eurozone in Feb as factories recover
      391 14 Reuters [BRUSSELS] Energy prices drove up the cost of living in the eurozone in February just as factories showed signs of a recovery, likely dragging on the stagnant economy and dampening any sense of relief that Europe’s debt crisis is easing.
      Reuters  -  391 words
    • Article, Illustration
      Lock icon Fitch upgrades Greece, says debt swap cuts default risk
      404 14 Bloomberg [LONDON] Greece’s credit rating was lifted out of the default category by Fitch Ratings on optimism that a debt swap will reduce the risk that the country eventually reneges on its obligations. Greece was raised four levels to B- from
      Bloomberg; BLOOMBERG  -  404 words
    • Article
      Lock icon Fed stays policy hand on labour market strength
      477 14 Bloomberg [WASHINGTON] Federal Reserve policy makers raised their assessment of the economy as the labour market gathers strength and refrained from new actions to lower borrowing costs. “The unemployment rate has declined notably in recent months but remains elevated,” the Federal Open
      Bloomberg  -  477 words
    • Article
      Lock icon Goldman Sachs employee criticises firm for ripping off clients
      453 14 He mounts public attack on its ‘toxic culture’ in NYT piece Bloomberg [LONDON] A departing Goldman Sachs Group Inc employee mounted an unprecedented public attack on its “toxic and destructive” culture in a New York Times opinion piece, becoming the first
      Bloomberg  -  453 words
    • Article, Illustration
      Lock icon Citigroup among 4 US banks that fail stress test
      835 15 15 successful lenders would have enough capital to survive a financial shock: Fed Reuters [NEW YORK] Most of the largest US banks passed their annual stress test, according to the Federal Reserve, in a conservative report card that underscored the recovery
      Reuters; BLOOMBERG  -  835 words
    • Article
      Lock icon US budget deficit revised to US$1.2t for 2012
      533 15 Bloomberg [WASHINGTON] The US budget deficit this year will be larger than projected while healthcare costs aren’t growing as quickly as anticipated, according to the federal government. The budget shortfall for 2012 will be US$1.2 trillion, about US$93 billion more than forecast
      Bloomberg  -  533 words
    • Article, Illustration
      Lock icon Rise in UK out-of-work claims in Feb higher than forecast
      524 15 Three-month jobless rate stays at the highest in 16 years Bloomberg [LONDON] Claims for unemployment benefits in the UK last month rose more than economists’ forecast. The three-month unemployment rate remained at the highest in 16 years, underscoring the weakness
      Bloomberg; BLOOMBERG  -  524 words
    • Article
      Lock icon Australian tycoon mulls over media investment
      277 15 AFP [SYDNEY] Australian mining tycoon Clive Palmer yesterday said that he was considering investing in the media via a “blind trust”, which kept investors at arm’s length from editors. His comments came weeks after a share raid by Gina Rinehart, another mining billionaire and
      AFP  -  277 words
    • Article
      Lock icon Encyclopaedia Brittanica ends print, goes digital
      281 15 Reuters AP [NEW YORK] In yet another sign of the growing dominance of the digital publishing market, the oldest Eng-lish-language encyclopedia still in print is moving solely into the digital age. The Encyclopaedia Britannica which has been in continuous print since it was first
      Reuters; AP  -  281 words
    • Article, Illustration
      Lock icon Only 3 in 10 find workplace mentally healthy
      331 17 Reuters [NEW YORK] Companies around the globe have work to do to improve worker satisfaction because only three in 10 employees say their workplace is psychologically safe and healthy, according to a new poll. Whether it is due to stress, interpersonal conflict,
      Reuters; AFP  -  331 words
    • Article
      Lock icon UK’s Osborne mulls over 100-year, perpetual bonds
      380 17 AP [LONDON] Britain’s finance minister is looking at ways of taking advantage of the country’s super-low borrowing costs by considering the launch of bonds that would be repaid over 100 years, published reports said yesterday. The Financial Times and other British papers said
      AP  -  380 words
    • Article
      Lock icon Sharp names new president as losses mount
      537 17 Company veteran pledges revamp after he takes the helm on April 1 Reuters [OSAKA] Sharp Corp has named the head of its global operations as president to turn around a company facing a record annual loss, the latest Japanese firm to shake up
      Reuters  -  537 words
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      424 14 NOTICES COLLECTIVE SALE AT LORONG 26 GEYLANG No restriction on minimum land size for redevelopment Rectangular land approx 7860 sf Zoned Residential with PR 2.8 Over 80% consent (11 out of 12 owners signed) Can build 36 units of 600 sf Tender Closing 3.00pm on 24 April 2012 All submissions
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  • FOCUS: THE ROAD TO TAMPA
    • Article, Illustration
      Lock icon Romney setback shows poor base support
      884 16 Outcome makes his job more difficult in taking on the Democrats’ Obama AP [WASHINGTON] Mitt Romney’s losses in Alabama and Mississippi underscore a stark reality the core of his party doesn’t want him. And that lingering conservative dissatisfaction threatens to follow Mr Romney, a
      AP; AFP  -  884 words
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      Lock icon Gingrich campaign in doubt after latest loss
      638 16 Reuters [BIRMINGHAM, Alabama] Newt Gingrich may not be ready to admit it, but his presidential hopes are all but over and calls will be getting louder for him to step aside. The former speaker of the US House of Representatives, who had hoped
      Reuters; AP  -  638 words
    • Article
      Lock icon Bain defends business model in client letter
      448 16 It cites US$105b revenue growth at firms that it backs Bloomberg [NEW YORK] Bain Capital, the private equity firm co-founded by Republican presidential candidate Mitt Romney, has defended its business model in a letter to clients amid political attacks against the industry. Companies
      Bloomberg  -  448 words
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  • Page 17 Advertisements
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      200 17 TO BE AMONG THE BEST IN CORPORATE EXCELLENCE Nominations are now open for deserving individuals and companies to shine at the 7th annual Singapore Corporate Awards. So if you have shown exemplary standards in corporate governance, set new benchmarks in corporate disclosure standards, and adhered to a commendable policy of
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  • EDITORIAL & OPINION
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      Lock icon Work-life balance: companies must do more
      518 18 EDITORIAL IF the findings of a recent Accenture study on worklife balance and job satisfaction are truly reflective of the manpower situation here, Singapore has more than a big productivity challenge on its hands. According to the consulting firm’s survey of some 3,900 business
      518 words
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      Lock icon China bashing par for the course in heat of US elections
      787 18  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IT may not have been surprising that on the same day the Republican presidential candidates were taking part in major primary races in Alabama and Mississippi and public opinion polls pointed to
      787 words
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      Lock icon A short-sighted view of China’s rare earths policy
      1107 18  -  WTO complaint masks the West’s imprudence in not ensuring secure supplies of minerals ANTHONY ROWLEY Tokyo Correspondent THE previously popular sport in the US and Europe of Ja-pan-bashing has nothing on Chinabashing by these two powers when it comes to anything from
      REUTERS  -  1,107 words
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      Lock icon Silicon Valley and the moral low ground
      2239 19  -  Its newest billionaires may anoint themselves saints of American capitalism, they’re beginning to look like robber barons REUTERS BREAKINGVIEWS By ROB COX SILICON Valley likes to think of itself as morally exceptional. When Google went public in 2004, the Internet search company’s wunderkind
      AP  -  2,239 words
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      Lock icon When pride gets in the way of a proper EU solution
      713 19  -  By JON DANIELSSON The author is Reader in Finance at the London School of Economics. This article is sourced from VoxEU.org, a Web portal that features the views of prominent economists THE eurozone’s problems are political as well as
      713 words
    • Article
      Lock icon Investigation into China Sky’s affairs ongoing: SGX
      253 19 LETTER TO THE EDITOR WE refer to Mano Sabnani’s letter titled “China Sky must be kept functional” (BT, March 13). As the frontline market operator, the Singapore Exchange (SGX) is responsible for maintaining a fair, transparent and orderly marketplace in the interests of
      253 words
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  • AVIATION
    • Article, Illustration
      Lock icon Cathay Pacific posts 61 % profit plunge
      646 20 Cathay Pacific posts 61 profit plunge It blames high fuel prices, softening demand for its cargo business AFP [HONG KONG] Cathay Pacific yesterday said that its 2011 net profit plunged 61 per cent as it struggled with high fuel prices as well as softening demand for its cargo business, and
      AFP  -  646 words
    • Article
      Lock icon Jet utilisation, rising costs hit aircargo profit
      616 20  -  Times remain tough as more capacity enters market: Iata By VEN SREENIVASAN [SINGAPORE] Global aircargo profitability faces the twin challenges of a significant fall in aircraft utilisation and rising costs. And although there were signs of stabilisation of freight volumes at the end
      616 words
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      Lock icon Rebound seen in Asia aircargo volumes
      969 20 Bloomberg [BEIJING] Asian aircargo volumes are set to rebound this year from the worst slide since the global financial crisis as a strengthening US economy and demand for products such as Apple Inc’s new iPad revive exports. The region’s airfreight may rise as much
      Bloomberg; REUTERS  -  969 words
    • Article
      Lock icon Kingfisher Air to curtail its overseas operations
      583 20 Reuters [MUMBAI] India’s troubled Kingfisher Airlines will cut back its overseas flights as the debt-crippled and cash-strapped carrier looks to slash costs and attract funding from wary bankers and sceptical investors. Cutting its costly and loss-making international flights is seen as a necessary
      Reuters  -  583 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      290 20 CRYPTIC CROSSWORD Across 3 Ecofriendly home’s a haven for delicate flowers (10) 8 Among presidents, Washington was the first, Bush the last (6) 9 Deviously tiptoe in to make request (8) 10 Speed of dancing reel in Edinburgh maybe (8) 11 Some whom a generation may show respect (6) 12
      290 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Cruise lines bosses defend safety records
      728 21 Reuters [MIAMI] In their first major industry gathering since the deadly Costa Concordia accident, cruise line chief executives defended their overall safety record on Tuesday and said that they were confident of better days ahead. The Concordia capsized off Italy in January, killing at
      Reuters; AP  -  728 words
    • Article
      Lock icon Yields on DP World sukuk drop to 6-month low
      569 21 Bloomberg [DUBAI] Yields on DP World Ltd’s Islamic bonds fell to the lowest level since September as the world’s fourth-biggest port operator benefits from a pick-up in trade in the United Arab Emirates and demand for higher-yielding assets. Yields on the
      Bloomberg  -  569 words
    • Article, Illustration
      Lock icon Shipping downturn forcing rivals to cooperate
      429 21  -  Market reorientation benefits all players: ClassNK chairman Noburu Ueda Reports by LYNN KAN THE shipping downturn is forcing a “reorientation” of the market that will have benefits for all players, said Noburu Ueda, chairman of the largest classification society ClassNK. Speaking at shipping conference
      429 words
    • Article
      Lock icon ICS slams market-based measures
      364 21 GOVERNMENTS have become more interested in raising money from shipping companies than they are in reducing the industry’s greenhouse gas emissions when proposing “mar-ket-based” solutions to climate change, said Simon Bennett, director of external relations at the International Chamber of Shipping (ICS), yesterday. ICS is a
      364 words
  • Page 21 Advertisements
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      398 21 The 12 m edition of Asia Pacific MARITIME Shipbuilding Marine Workboat Offshore Asia Pacific Maritime 2012 14 16 March 2012 www.apmaritime.com Marina Bay Sands (SECC), Level 1 Basement 2, Singapore X my THIS IS theqne Join us at the region’s premier maritime exhibition showcasing the latest in marine equipment, technologies
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  • Article
    Lock icon The Business Times Shipping Times
    2297 22 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 Destination Destination STXPO
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  • Page 22 Advertisements
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      32 22 Attn: Jane Fax: *****110 urgently needed by shippers I Can -they find your services here in -the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 —The business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3020 23 Transaction date: Mar 14 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 88 51 ABR Hldgs 82 unch 293 82.5 82 82.5 83 3.1 2.4 13.1 164.7 Last Quote Div
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      Lock icon SGX CATALIST
      221 24 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 Div Gr Yld Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil 28.5
      221 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7379 24 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 Mgt Asia Limited Asian Local Ccy SD
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      Lock icon GLOBALQUOTE
      191 24 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 9761 37 36 36.5 37 2403.3 205 168 TanChongInt HK192 unch 93 192 191 191 192 2.9 2.6 13.3 3866.7
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    • Article
      Lock icon SGX ETF
      908 24 52-Wk Last Vol Dat Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 117.9 -0.1 20 118 116.6 117 118 538.2 103 101 CIMB APAC Div 100US$ US102 118 102 102 102 103
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 13 Index Change Change Change Change Change Change World Preliminary 913.8 0.9 10.1 0.7 6.8 1.0 10.1 EAFE Preliminary 754.9 1.0 10.7 0.8 6.9 1.1 10.2 Europe Preliminary 1122.9 1.4 9.4
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Mar 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 126.07 1.18 WTI (Near Mth) 106.82 0.37 Dubai (1-Mth F) 122.36 0.83 Tapis blend 134.19 0.46 Minas 133.99 0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 119.89 -0.50 JetKerosene *****.0 -0.01 122.36 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Mar 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1348.75 1330.50 1352.75 1328.50 May 12 1348.75 1334.50 1354.75 1331.25 Jul 12 1354.50 1341.25 1361.00 1338.75 Aug 12 1346.25 1333.00 1350.75 1334.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 54.52
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 25 Mar 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 14-Jun-12 0.32 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.01 100.05 100.03 5-Year N*****0Z 2.375 01-Apr-17 108.23 108.7 108.2
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      442 25 Mar 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5225 0 2397 Jun12 99.5150 0 901 Sep12 99.4750 0 128 Dec12 99.4300 0 1393 EUROYEN TIBOR FUTURES Mar12 99.6650 0 2098 Jun12 99.6625 0 2058 Sep12 99.6625 0 684 Dec12 99.6625 0 415 Mar13 99.6650
      442 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      107 25 As on 13 March 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT APR2012 1706.00 1685.20 1694.10 400 CURRENCY AUD-USD FUT MAR2012 1.0545 1.0519 1.0510 14 EUR-USD FUT MAR2012 1.3188 1.3052 1.3095 9157 USD-JPY FUT MAR2012 82.35 82.33 82.86 2 BASE
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    • Article
      Lock icon SGX FUTURES
      156 25 Mar 14 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 12 393.4 185 May 12 398.2 204 Jun 12 400.3 235 Jul 12 401.2 199 Aug 12 402.5 107 Sep 12 403.3 36 Oct 12 404.1 108 Nov
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    • Article
      Lock icon LONDON METALS
      65 25 Mar 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2215.00 2185.25 3 months 2258.50 2229.00 Copper, Grade A(US$/tonne) Cash 8562.00 8449.00 3 months 8558.00 8445.00 Lead(US$/tonne) Cash 2123.00 2109.25 3 months 2154.00 2138.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon LIFFE
      80 25 Mar 13 COCOA (£/tonne) Close Prev High/Low Mar 12 1514 1513 1523/1494 May 12 1537 1548 1548/1513 Jul 12 1551 1563 1561/1530 Sep 12 1554 1568 1565/1538 COFFEE(US$/tonne) Close Prev High/Low Mar 12 1965 1982 1980/1966 May 12 1972 1986 1992/1965 Jul 12 1966 1971 1976/1956 Sep 12 1978
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Mar 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 6.661 0.806 8.163 52.509 96.682 0.875 11.850 3.206 1.287 95.425 45.115 1.328 7.950 0.975 31.078 32.331 0.671 1.052 Canada 0.959 6.390
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    • Article
      Lock icon SIBOR
      55 25 Mar 14 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1
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    • Article
      Lock icon PRECIOUS METALS
      136 25 Mar 14 GOLD(US$/oz) Mar 13 Mar 14 Hong Kong 1706.30 1675.00 Mar 14 Mar 12 Mar 13 London 1701.46 1698.06 1702.23 1698.83 Source: Thomson Reuters GOLD BULLION COINS (S$) Selling Buying 1 oz 2359 2135 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $829.00 680 SILVER Selling Buying
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    • Article
      Lock icon PALM OIL
      57 25 Mar 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3390.0 3358.0 3402.0 3380.0 82 979 Apr 12 3378.0 3362.0 3390.0 3358.0 1078 ***** May 12 3384.0 3365.0 3395.0 3358.0 ***** ***** Jun 12 3377.0 3356.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      26 25 Mar 14 Mar 14 Open High Sett STI Mar 3021 SIMSCI Mar 345.0 349.7 348.6 Taiwan Mar 285.9 290.9 289.1 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Mar 14 Mar 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3270 1.3284 1.0516 1.0519 Canadian dollar 1.2727 1.2745 1.0086 1.0092 Euro 1.6461 1.6478 1.3045 1.3048 NZ dollar 1.0312 1.0327 0.8172 0.8177 Sterling pound 1.9780 1.9805
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Mar 14 S$ Bid Offer 1-month 1.2619 1.2629 2-months 1.2619 1.2629 3-months 1.2617 1.2627 6-months 1.2609 1.2620 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Mar 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.358 1.294 Can dollar 1.298 1.249 Euro 1.678 1.614 Sterling pound 2.016 1.939 NZ dollar 1.063 1.013 US dollar 1.279 1.23 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      156 25 Mar 14 Mar 14 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.90 0.70 9 months 1.05
      156 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      128 25 Africa. Now open for business. Fly Emirates to 21 African cities including Lusaka and Harare. One of the fastest growing regions is now also one of the most accessible. With our extensive African network covering 21 destinations, you’ll find it more convenient to do business in the continent. Coupled with
      128 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon S’pore firms hooked on mobility
      862 26  -  They are looking to set up ‘app stores’ for mobile workers, writes AMIT ROY CHOUDHURY writesAMIT AMIT ROY CHOUDHURY A COMBINATION of the consumerisation of IT and mobility is forcing Singapore companies to look at implementing solutions such as introducing corporate “app stores” for their
      862 words
    • Article
      Lock icon ARM unveils 32-bit power-efficient chip
      244 26 Reuters [LONDON] British chip designer ARM has unveiled what it said was the world’s most energy-effi-cient microprocessor design that will help devices ranging from fridges to medical equipment to parking metres to communicate with other devices. ARM, best known for creating the processor technology that
      Reuters  -  244 words
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      Lock icon S’pore suited to be digital media hub
      846 27  -  Republic urged to find its own niche in the industry By JOSHUA TAN SINGAPORE is naturally suited to play the role of a digital hub and must continue to develop its own identity in the digital media sector, rather than try to ape
      846 words
    • Article
      Lock icon Samsung to supply screen for new iPad
      518 27 LG Display, Sharp fail to meet quality requirements Bloomberg [SEOUL] Samsung Electronics Co will supply the screen for Apple Inc’s new iPad after LG Display Co and Sharp Corp did not meet the US company’s quality requirements, an analyst with iSuppli said. Samsung,
      Bloomberg  -  518 words
  • Page 26 Advertisements
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      1331 26 >®t WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Holdings Limited ROXY-PACIFIC HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Roxy-Pacific Holdings Limited (the “Company”) will be held at Frankel Room, 3rd Floor, Grand Mercure Roxy Hotel, Marine Parade Road, Roxy
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      Lock icon Page 26 Advertisements Column 2
      31 26 TALKING TO THE WALL The just-retired Rahul Dravid shares some little known facts about himself Vanakkam... I don’t speak Mandarin GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      Lock icon Page 26 Advertisements Column 3
      15 26 MARCH ISSUE OUT NOW! > The Hottest, NEWEST LATEST For SPRING/ SUMMER 2012 40 $5 sPHmagazines
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  • Page 27 Advertisements
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      118 27 can you keep your data secure in the cloud? you can You may feel more secure working in your own, private environment. Many IT professionals feel the same way. But the world is demanding more innovation, greater agility and higher levels of responsiveness. That means cloud. We can help you
      118 words
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  • PROPERTY
    • Article
      Lock icon US hotel makeovers give sector a lift
      1119 28  -  Hoteliers, while reaping the benefits in rising room rates and occupancy, are boosting suppliers’ business, reports KAREN JACOBS reportsKAREN KAREN JACOBS Reuters KEVIN Sanders spent much of the past year bolstering his sales force, banking on a recovery in the hotel business. Sanders,
      Reuters  -  1,119 words
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      Lock icon Househunt
      1215 28 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 28 WITH CONTRACT DATES BETWEEN FEB 15 AND 21, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Harvest Mans Apt 15/02/2012 99 947 958 1012 The Metropolitan Apt 15/02/2012 99 1356
      1,215 words
    • Article
      Lock icon Louvre Hotels in tie-up with China hotel group
      211 28 Xinhua [PARIS] French Louvre Hotels Group on Tuesday unveiled a co-branded partnership with Chinese hotel giant Jinjiang Inn Co here in Paris, in an attempt to tap the booming Chinese travel market. Louvre Hotels, the second largest hotel services group in Europe,
      Xinhua  -  211 words
    • Article, Illustration
      Lock icon Games compensation fails to save shops
      1334 29 Sites cleared for Olympics spell end for businesses at London’s East End Bloomberg [LONDON] Tony Freail closed his window-dressing business after the world’s biggest sporting event landed outside his workshop in London’s East End. Seven years later, with the Olympic Games less than five
      Bloomberg; REUTERS  -  1,334 words
    • Article
      Lock icon Fairmont hotel in San Francisco to be sold for US$200m
      410 29 Bloomberg [LOS ANGELES] Maritz, Wolff Co and Saudi billionaire Prince Alwaleed bin Talal agreed to sell the Fairmont San Francisco hotel after failing to win permission to convert part of the property into residences. Woodridge Capital Partners LLC, a Los
      Bloomberg  -  410 words
    • Article, Illustration
      Lock icon Mortgage bond demand hits 2-year high
      1298 30 It helps to spur lending and drive returns higher than investment-grade corporate securities Bloomberg [NEW YORK] Demand for bonds tied to commercial mortgages is at about the highest in more than two years, helping to spur lending and boosting returns above those of corporate
      Bloomberg; AFP  -  1,298 words
    • Article
      Lock icon Canada’s housing starts seen slowing
      331 31 Reuters [TORONTO] New home construction in Canada is expected to slow mildly over the next two years, the Conference Board of Canada said on Tuesday, in another sign of a cooling housing market. The independent research organisation’s latest report forecast housing starts will be 190,000
      Reuters  -  331 words
    • Article
      Lock icon JPMorgan stops raising property fund
      181 31 Bloomberg [SEATTLE] JPMorgan Chase Co, the biggest US bank by assets, has temporarily halted raising a US$750 million fund to buy distressed real estate assets, said a person familiar with the effort. The fund, operated through a division called Junius Real Estate Partners, made an
      Bloomberg  -  181 words
    • Article, Illustration
      Lock icon Shenton House, office units at Burlington Sq up for sale
      607 31  -  Shenton Way site has $530m price tag; 66 strata-titled units asking for $101m By MICHELLE TAN TWO big-ticket commercial properties are up for sale this month. Prime leasehold site Shenton House has been put up for collective sale, with DTZ
      607 words
  • Page 28 Advertisements
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      34 29 www.omy.sg ..'I m omy iPJione apps 3& 0 r omy News omy Showbiz SfilSSflU SAASK mmm Download FREE QR Code Reader, e.g. BeeTagg ‘Apple is NOT a participant in or sponsor of this promotion.
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      119 29 Rare exclusive cluster homes next to Bukit Timah Nature Reserve Distinctive architecture and concept by award winning architect Lush landscape, swimming pool, gym security 4-level of luxurious living with pte home lift and carpark lots Area ranges from 4402 sqft to 5371 sqft Ready for immediate occupation For viewing appointment
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      158 29 Building Wealth through Global Real Estate Investment Singapore, Kuala Lumpur, Jakarta, Dubai, Bangkok, Hong Kong, Shanghai, Beijing A boutique property investment company INVEST SECURE GROW Quillion is committed to the pursuit of identifying exclusive investment opportunities, building portfolios and maximizing worldwide assets under minimal risks HOTLINE: 6222 2321 www.quillionrealestate.com Asset
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  • Page 30 Advertisements
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      303 30 RARE PRIME OFFICE STRATA FLOORS FOR SALE BY EXPRESSION OF INTEREST Actual view from 24 floor Contact: CBRE Pte Ltd Investment Properties Mr Emile Reis CEA Registration No.: R*****0H M: 8282 7708 T: 6224 8181 6 Battery Road #32-01 Singapore *****9 Top 3 (22nd to 24th) floors of Tung Centre,
      303 words
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      Lock icon Page 30 Advertisements Column 2
      51 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) 1800 289 8822 I or e-mail notices@sph.com.sg j to place your Mergers s; Acquisitions
      51 words
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      Lock icon Page 30 Advertisements Column 3
      198 30 Estate Agency Licence No: L*****33E Site Area 4,228.25 sqm 45,512 sq ft MP 2008 Zoning Residential Plot ratio 2.8 (high baseline, minimum DC) Potential GFA 140,000 sqft 5 mins to Novena MRT Proximity to SJI Junior, ACS Junior Exclusive Medical Suites Easy Access to PIE, CTE, KPE FOR SALE BY
      198 words
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  • Page 31 Advertisements
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      173 31 Agency Licence No.: L*****631 INTERNATIONAL CLASS RESIDENTIAL DEVELOPMENT OPPORTUNITY INTERNATIONAL EOI Iti iL i -C. d ■-v. 1 --T-f-C •s? rr i Iff* -4s,"" J 4i£3 1— o 'H6* '1: T i-rf'lt' i*wC tits rJU r t- ■:> SBiBSIt 1, (tf o?; I tf I t I 5. 5*'- iy~~H
      173 words
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      Lock icon Page 31 Advertisements Column 2
      248 31 THE JUNCTION mTUFNELL PAR< ISLINGTON TUFNELL PARK. ISLINGTON. LONDON N19 SELLING NOW PRICES FROM £316,000* sat R °»nia°T •A f 45S? r r. 1 ,nl In, I lin I***. O JOURNEY TIMES FROM TUFNELL PARK UNDERGROUND STATION CAMDEN TOWN 4 MINS G’S CROSS ST. PANCRAS 10 MINS OXFORD CIRCUS 13
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