The Business Times, 19 June 2012

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Microfilm: NL32036
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, June 19, 2012
    25 words
  • Article, Illustration
    Lock icon Strong govt hand helps KL rise above big IPO slowdown
    674 1  -  Impressive headline numbers don’t tell the whole story By KENNETH LIM [SINGAPORE] The Malaysian initial public offering (IPO) market has captured the world’s attention this year with its trend-busting growth and volumes, but observers warn that the headline numbers could
    674 words
  • Article, Illustration
    Lock icon Greece dodges bullet but relief fades fast
    943 1  -  Pro-bailout party wins poll and time but huge bank withdrawals, job cuts may bite By NEIL BEHRMANN in London A EUROPEAN stock, bond and euro rally lasted less than two hours yesterday despite Greek election results that initially brought relief to the markets.
    AP  -  943 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,824.22 (+13.22) GST INDEX FUTURES 2,824.00 (+13.00) GSIMSCI 325.34 (+1.19) GSIMSCI FUTURES 325.50 (+0.50) US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.567 1.989 EURO (US$/S$/E) 1.268 1.609 Foreign currency per US$ S$ YEN 79.30 62.40 RM 3.154 2.484 HK$ 7.759 6.112 BAHT 31.45 24.77 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.327 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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      Lock icon Page 1 Advertisements Column 1
      213 1 PRODUCTIVITY MATTERS Automation the way forward pages 10&11 HOCK LOCK SIEW HKEx-LME deal could have last word in tale of two Bockers PAGE 4 COMMENTARY Giving local brands a fresh fillip PAGE 23 TUDOR HERITAGE ADVISOR Self-winding mechanical movement, waterproof to 100 m, titanium and steel case 42 mm. Visittudorwatch.com
      213 words
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      Lock icon Page 1 Advertisements Column 2
      12 1 PROPERTY Kemaman View sold en bloc for $45.5m PAGE 30 *****1 *****4
      12 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      555 2 Greece dodges bullet but relief fades fast A EUROPEAN stock, bond and euro rally lasted less than two hours yesterday despite Greek election results that initially brought relief to the markets. As Greece’s successful New Democracy party leader Antonis Samaras pledged to move swiftly to form a coalition
      555 words
    • Article
      Lock icon Slew of weak US data bodes ill for economy
      667 2  -  By ROB CURRAN THE US economic recovery has taken another summer vacation but this time it may be an extended hiatus. After an uneven few months during which the slowdown seemed limited to Europe and China, American data has become more
      667 words
    • Article, Illustration
      Lock icon Greek election results bring little cheer
      383 2  -  REUTERS BREAKINGVIEWS By HUGO YOUNG THE Greek vote is cause for relief but not rejoicing. The Greeks have bought themselves a breathing space by voting for pro-bailout parties. But the resulting coalition may be weak and the economy is still shrinking, and markets are
      383 words
    • Article, Illustration
      Lock icon Fernandes moves to new Asean office in Jakarta
      555 2  -  AirAsia boss will plot airline’s regional strategy from Indonesia By PAULINE NG in Kuala Lumpur AIRASIA founder Tony Fernandes is stepping out of Malaysia literally and relocating to Jakarta to spearhead the airline’s regional growth. Meanwhile, he has named Aireen Omar, the
      REUTERS  -  555 words
    • Article
      Lock icon China, emerging economies set to boost IMF firewall
      573 2  -  By ANTHONY ROWLEY in Tokyo AS financial markets reacted with relief yesterday at the outcome of Sunday’s government election in Greece, attention switched to the G-20 summit where action is being looked for to bolster the global financial defences and to restart
      573 words
    • Article
      Lock icon Hotel room supply seen overtaking demand
      679 3  -  Slower average room rate growth, lower occupancies may result: Maybank By NISHA RAMCHANDANI [SINGAPORE] Could Singapore’s hotel industry face a supply glut down the road? In a research report released yesterday, Maybank Kim Eng forecast hotel room supply to grow at a compound annual
      679 words
    • Article, Illustration
      Lock icon S’pore can use research to boost food security: don
      553 3  -  By EMILYN YAP [SINGAPORE] Singapore, as a major food importer, has much to gain from helping other countries grow more food for export, said a leading researcher on food security. Where it can lend a hand is not in the fields,
      Source: Rice Bowl Index  -  553 words
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      239 2 Permanent Establishments: Detecting and Minimising Unintended Tax Liabilities The unintended creation of Permanent Establishments (PEs) is a continuous and growing concern for companies with overseas operations. Many discover that they have accidentally created a PE which puts them in a country’s tax net. With this in mind, are you absolutely
      239 words
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  • COMPANY NEWS
    • Article
      Lock icon HKEx falls on concern deal is overpriced
      592 4 It’s paying 58 times earnings vs average of 37.4 in past deals LME BID Reuters [HONG KONG] Shares in Hong Kong Exchanges and Clearing Ltd (HKEx) yesterday fell by the most in two weeks on concern the stock exchange operator overpaid in its
      Reuters  -  592 words
    • Article
      Lock icon HKEx-LME deal could have last word in tale of two Bockers
      1020 4  -  HOCK LOCK SIEW By KENNETH LIM MAGNUS Bocker was less than a year into his role as chief executive of Singapore Exchange when he led the eventually unsuccessful charge to buy Australia’s ASX. Two years later, Mr Bocker is
      1,020 words
    • Article
      Lock icon Aussino eyes Myanmar petrol business via RTO
      412 5  -  MOU for reverse takeover deal signed with Max Myanmar By JOYCE HOOI AUSSINO Group is moving from pillows to petrol in a reverse takeover deal. The linen firm is making a play for the petrol kiosk business in a $60 million acquisition of
      412 words
    • Article
      Lock icon AXA Private Equity raises US$8b for bank asset buys
      486 5 Reuters [LONDON] AXA Private Equity has raised a larger than expected US$8 billion from investors, much of which it will use to take assets off the hands of banks cutting down their exposure in the face of rampant regulation. Banks, in
      Reuters  -  486 words
    • Article, Illustration
      Lock icon Banyan Tree to launch integrated resort project in Vietnam
      328 5  -  Laguna Lang Cô to occupy 280-ha site along central Vietnamese coast By NISHA RAMCHANDANI BANYAN Tree Holdings will launch its first project in Vietnam, the integrated resort Laguna Lang Cô, on Nov 1. Situated on a 280-hectare site along the coast
      BANYAN TREE  -  328 words
    • Article, Illustration
      Lock icon S’pore investor confidence up in Q2: report
      606 7  -  Investors showing increased interest in equities, property and currency By WANG XIN MIN INVESTOR confidence in Singapore has increased in the second quarter, according to an Investor Attitudes report by Friends Provident International (FPI), which was based on an online interview survey by
      FILE PHOTO  -  606 words
    • Article
      Lock icon Genting HK buys 2.8% stake in Echo for A$82.6m
      259 7 GENTING Hong Kong Ltd has bought a stake in an Australian-listed casino company for A$82.56 million (S$106 million). The investment holding company said yesterday that it had, through a subsidiary, bought 19.26 million shares, or a stake of about 2.8 per
      259 words
    • COMPANY BRIEFS
      • Article
        Lock icon Otto Marine bags ship chartering deal
        63 7 OTTO Marine said it has secured a ship chartering contract with a minimum value of US$7.6 million, with an option for extension which can potentially generate up to US$57.3 million. The vessel will be deployed for general maintenance works in Kuwait, UAE and offshore
        63 words
      • Article
        Lock icon Sunpower seals 39.9m yuan contract
        96 7 SUNPOWER Group, through its wholly owned subsidiary Jiangsu Sunpower Technology Co Ltd, has won a 39.9 million yuan (S$8 million) contract to supply to one of China’s largest utilisation projects of propane and mixed C4 with annual production capacity of 1.38 million tonnes. Sunpower will
        96 words
      • Article
        Lock icon China South City wins site in Harbin
        83 7 CHINA South City Holdings’ wholly owned subsidiary, CSC Harbin, has successfully bid for the land use rights of a 263,463.8 sq m site in Harbin for a total consideration of 239 million yuan (S$47.8 million). The land will be used for the development
        83 words
      • Article
        Lock icon ST Eng arm injects cash into India unit
        64 7 ST Engineering announced that a wholly-owned subsidiary of ST Kinetics, SDG Kinetics Pte Ltd, has injected 133.6 million rupees (S$3.1 million) into its unit, LeeBoy India Construction Equipment Private Ltd. The cash injection is part of the progressive contribution of LeeBoy India’s
        64 words
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      Lock icon Page 4 Advertisements Column 1
      1319 4 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SBNI FT Bank Negara Indonesia (Persero) Tbk and Subsidiaries CONSOLIDATED STATEMENTS OF FINANCIAL POSITION December 31, 2011 and 2010 and January 1, 2010/ December 31, 2009 (Expressed in millions of Rupiah, unless otherwise stated) 2011 ASSETS Cash Current accounts with Bank Indonesia Current accounts
      1,319 words
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      Lock icon Page 4 Advertisements Column 2
      13 4 Grow your wealth. Invest in a property in Malaysia Err B B STPROPERTY.sg
      13 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      53 5 R M THE ROYAL MAIL BEST ROASTS IN THE CBD unch Dinner. Bar A taste of history at the Ascott, Finlayson Green. The Royal Mail Restaurant Bar serves up modern British eats. 3 Course Set Lunch from $38 Ascott Raffles Place Singapore, 2 Finlayson Green, Singapore o*****.Telephone: +65 6509 3589.
      53 words
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      Lock icon Page 5 Advertisements Column 2
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Muted gain for STI on Greece news
      578 6  -  ‘Buy in anticipation, sell into strength’ play does not result in increased volume; turnover remains depressed STOCKS R SIVANITHY Senior Correspondent HAVING already shot up 37 points on Friday in anticipation of a market-friendly, pro-bailout election result in Greece, the Straits Times Index
      Source: Bloomberg  -  578 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 18 VALUE CLOSE BT OB/OS 348.00 +374.0 BT CADI -*****.00 +79.0 BT 10-day MA -*****.00 +35.00 FTSE ST Mid Cap 657.52 +2.25 FTSE ST Small Cap 431.67 +0.74 FTSE ST All Share 684.00 +2.96 FTSE ST China Top 193.75 +1.30 FTSE ST China 218.28 +2.13 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 4 0 0 0 9 3 4 Manufacturing 55 37 35 7 6 9 62 43 44 Commerce 27 11 16 1 4 4 28 15 20 Tpt/Stor/Comms 18 10 9
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      989 6  -  Compiled by LYNETTE KHOO STX OSV June 18 close: $1.505 DBS GROUP RESEARCH, June 18 TWO wins in a row: STX has secured two orders worth approximately 1.8 billion Norwegian krone (S$383 million) for sub-sea construction vessels and a PSV (LOI stage), raising FY12 YTD order wins to
      Source: Bloomberg  -  989 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,647 11,647 47,695 47,695 Manufacturing 201,525 20,462 221,987 156,143 1,372 157,515 Commerce 171,305 6,305 177,610 119,596 540 120,136 Tpt/Stor/Comms 59,742 19,384 79,126 90,008 5,071 95,079 Finance 14,804 13 14,817 131,941 1 131,942 Construction 84,314 1,785
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.480 +0.020 CapitaLand 2.720 +0.050 CapitaMall 1.790 CityDev 10.600 +0.190 ComfortDelGro 1.475 +0.005 DBS Grp 13.510 -0.010 F&N 6.860 +0.080 GLP 2.130 +0.010 Genting SP 1.450 -0.005 Golden Agri 0.650 +0.010 HK Land 5.710 +0.160 JMH 48.340 +0.140 JSH 29.800 -0.200
      111 words
    • Article, Illustration
      Lock icon Asian units gain on renewed optimism
      493 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies advanced for a third day as projections showed pro-bailout parties won enough seats to control Greece’s Parliament, reviving investor interest in riskier assets. The New Democracy and Pasok parties garnered a combined 162 seats in the 300-member Parliament after
      Bloomberg; BLOOMBERG  -  493 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Genting SP 44,636,000 Noble Grp 44,438,000 Sakari 40,091,000 M Devt 37,473,000 Golden Agri 36,579,000 GSH Corp 35,890,000 Swee Hong 32,827,000 ChinaTaisan 31,207,000 NexGenSCom 25,240,000 UniFiber 23,840,000 VALUE($) Genting SP 65,420,150 Sakari 53,213,865 Noble Grp 51,511,790 OCBC Bk 50,485,514 CapitaLand 48,939,450 Olam 39,638,520 Wilmar 35,841,720 Keppel Corp
      57 words
    • Article
      Lock icon RISES
      119 6 BY CENTS CLOSE UP IS S&P500 ***** 356.7 2.1 Lyxor AsiaMT 10US$ 4907 166.3 2.7 DBXT E50 10US$ 3270 153.6 3.8 DBXT USDIGInfl 5US$ ***** 137.1 0.4 DBXT MSEurope 10US$ 4020 114.3 2.3 DBXT MSKorea 10US$ 5422 87.6 1.3 DBXT MSAsExJp 10US$ 2888 73.6 2.0 DBXT MSTaiwan 10US$ 1628
      119 words
    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN Jardine C&C 4355 -45.0 -1.0 DBXT S&P Short 10US$ 3822 -27.9 -0.6 JSH 2980 -25.4 -0.7 GLD 10US$ ***** -21.6 -0.1 UOL 479 -13.0 -2.6 IS MS India 100US$ 529 -11.4 -1.7 Total Access 223 -7.6 -2.6 Petra 250 -7.0 -2.7 SIA 1022 -7.0 -0.7
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 7 Advertisements Column 1
      737 7 >«4 B8AR9 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ORCHARD PARADE HOLDINGS LIMITED Company Registration No. *****0511H (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Orchard Parade Holdings Limited (the “Company” or “OPHL”) will be held at
      737 words
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      Lock icon Page 7 Advertisements Column 2
      142 7 Featuring insights and analyses by an eminent and diverse collection of more than 50 speakers including Lee Hsien Loong Prime Minister, Singapore (Keynote speaker for Closing Lunch Dialogue on 10 July 2012) Dr Lee Kai-Fu Chairman and CEO, Innovation Works People’s Republic of China Tharman Shanmugaratnam Deputy Prime Minister Minister
      142 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore may be Asia-Pac’s 4th fastest growing visitor spot
      350 8  -  Arrivals expected to jump 9.9% this year: MasterCard report By NISHA RAMCHANDANI SINGAPORE’S visitor arrivals are expected to jump 9.9 per cent this year, making the city-state the fourth fastest-growing destination city across the Asia-Pacific, a report said. According to the
      FILE PHOTO  -  350 words
    • Article
      Lock icon Free business advice now on tap in the North East
      348 8  -  EDC@NorthEast is a tie-up of Asme and the region’s CDC By FELDA CHAY SMALL and medium-sized enterprises in the north-eastern part of Singapore can now conveniently get free business advice, with the opening of the Enterprise Development Centre at North
      348 words
    • Article
      Lock icon Simplified yuan cross-border payment by Deutsche Bank
      303 8  -  By SIOW LI SEN DEUTSCHE Bank has completed the first simplified renminbi (RMB) cross-bor-der payment, which has the potential of cutting processing time by as much as 90 per cent. Last Friday, Deutsche Bank said it executed an import trade payment denominated in
      303 words
    • Article
      Lock icon TP to delay final stage of Tuas complex
      427 8  -  Global woes leave potential customers uncertain about commitment By RONNIE LIM WORRIES over the global economy on the part of some incoming Jurong Island investors has led Tuas Power (TP) to defer temporarily building the final phase of its $2 billion Tuas
      427 words
    • Article
      Lock icon Shaw changes lawyers in underaged sex case
      673 8  -  His defence may have significant ramifications By GRACE LEONG HOWARD Shaw, one of 48 men charged with paid sex with an underaged hooker, has traded one legal heavyweight for another in a bid to build a defence that may have ramifications not only
      673 words
    • Article, Illustration
      Lock icon Top industry honours for Davinder Singh and Drew & Napier
      211 8 Top industry honours for Davinder Singh and Drew Napier DAVINDER Singh, Senior Counsel and CEO of Drew Napier LLC, and the Big Four law firm have received two of the industry’s top honours. Of five lawyers in Singapore who were named Asian-MENA (Middle East North Africa) Counsel’s “External Counsel of
      211 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Diploma courses in fashion design, marketing
        93 8 RAFFLES College of Higher Education (RCHE) has inked a partnership with the National Trades Union Congress’ e2i (Employment and Employability Institute) and the Singapore Workforce Development Agency to equip adult learners with the skill sets required by a growing fashion industry. Under the tie-up,
        93 words
      • Article
        Lock icon HDB issues $500m 7-year notes
        57 8 THE Housing and Development Board has issued $500 million seven-year fixed rate notes under its $22 billion Multicurrency Medium Term Note (MTN) Programme. The notes have a coupon of 1.52 per cent per annum payable semi-annually in arrears. The notes were issued on June 18
        57 words
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  • SME Inc
    • Article, Illustration
      Lock icon More beautiful years ahead
      1075 9  -  Mary Chia Holdings, which celebrates its 30th anniversary this year, is going from strength to strength, reports RACHEL AU-YONG reportsRACHEL RACHEL AU-YONG AT 22, WENDY Ho traded ivory keys for ivory skin. Today, the Mary Chia Holdings chief executive who once harboured dreams of becoming a
      YEN MENG JIIN  -  1,075 words
    • Article, Illustration
      Lock icon Maximising tax-related cashflows for SMEs
      1102 9  -  Engage SMU profs KHOOTENG AUN Khoo Teng Aun is an Associate Professor of Accounting at the School of Accountancy, Singapore Management University Q: Is it better to claim the cash payout or the Productivity and Innovation Credit deductions if my company, an SME, is incurring
      1,102 words
    • PRODUCTIVITY MATTERS
      • Article, Illustration
        Lock icon Automation the way forward
        1500 10  -  The government has set up several schemes to help F&B services players boost efficiency and raise value-add per worker, reports FELDA CHAY FOOD AND BEVERAGE SERVICES reportsFELDA reportsFELDA CHAY WITH a large number of small players trying to make it big in the cut-throat local food
        1,500 words
      • Article
        Lock icon Where to go
        658 10 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Companies can get up to 50% co-funding for automation, equipment, process re-engineering and training costs
        658 words
      • Article, Illustration
        Lock icon When technology can help improve service
        849 11  -  The personal touch valued by customers may even be enhanced, reports FELDA CHAY reportsFELDA FOOD AND BEVERAGE SERVICES FELDA CHAY IT is a misconception that innovation and productivity equates to doing away with service staff, says Joanne Tan, deputy director (Lifestyle) at Spring Singapore.
        Source: Department of Statistics, 2010  -  849 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      178 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details like how much the company has grown, and what sort of expansion plans it has. Send your e-mail to Felda
      178 words
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      771 11 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to
      771 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon No bond market concord on fresh Fed stimulus
      890 12 Dealers say that borrowing costs can’t fall much more given low yields Bloomberg [NEW YORK] As the US recovery slows and Federal Reserve efforts to boost growth expire, there’s no consensus among the biggest bond dealers that the central bank will begin
      Bloomberg; AFP  -  890 words
    • Article
      Lock icon NZ has scope to cut interest rate: PM
      172 12 Bloomberg [WELLINGTON] New Zealand has scope to cut its benchmark interest rate if necessary to prevent a deep European recession from dragging the domestic economy into another downturn, Prime Minister John Key said. “The one thing that has been held up as
      Bloomberg  -  172 words
    • Article
      Lock icon Dollar shortage seen in US$2 trillion demand gap
      525 12 Private investors seek greenback as Europe’s debt crisis deepens Bloomberg [EDINBURGH] Central banks rebuilding foreign exchange reserves at the fastest pace since 2004 are crowding out private investors seeking US dollars, boosting demand even as the Federal Reserve considers printing more currency.
      Bloomberg  -  525 words
    • Article
      Lock icon Asia seen spearheading next wave of African investment
      574 12 Reuters [ABIDJAN] The next wave of private investment in Africa is likely to come from Asian funds, lured by sustained high growth rates and increasing economic and political stability, according to the co-head of one of the continent’s top private equity groups.
      Reuters  -  574 words
    • Article, Illustration
      Lock icon Mexico’s economy looks set to outpace Brazil’s
      888 12 But Mexicans feel gloomy despite the reversal of fortunes NYT [MEXICO CITY] Mexicans looked on with envy in recent years as Brazilians won a reputation as Latin America’s chosen people. With a surging economy and a prominent place on the world stage, Brazil
      NYT  -  888 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Fernandes wants Tune to emulate AirAsia
      956 14 Plans for IPOs by units in budget hotels, phones and financial services Bloomberg [KUALA LUMPUR] As AirAsia Bhd prepares to more than triple its fleet, chief executive officer Tony Fernandes says he wants to match the growth of his budget airline with discount hotels,
      Bloomberg; BLOOMBERG  -  956 words
    • Article
      Lock icon KL eyes life long pension from EPF
      443 14  -  Average retiree will have very little to live on with rising costs: minister By S JAYASANKARAN in Kuala Lumpur THE Malaysian government is contemplating a plan to allow the Employees’ Provident Fund (EPF) to set up a special life-long pension scheme for private
      443 words
    • Article
      Lock icon Indonesia’s poor to drive consumer staple firms
      735 14 Bloomberg [JAKARTA] Shares of Indonesian consumer staple companies are poised to narrow the gap with PT Unilever Indonesia’s record gains as their valuations don’t yet reflect the spending potential of Indonesia’s poor, according to Standard Chartered plc and PT Bahana Securities. PT Indofood
      Bloomberg  -  735 words
    • Article
      Lock icon Lynas shares rise on KL’s licence nod
      227 14 Bloomberg [SYDNEY] Lynas Corp, the Australian company building the world’s largest rare earths refinery in Malaysia, has risen the most in three weeks in Sydney after the South-east Asian nation rejected a bid to cancel its licence. Lynas advanced as much as 15
      Bloomberg  -  227 words
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      10 14 HOTTEST HITS 91.3FM HEAR ADAM LAMBERT’ HOTTEST HITS ON 31.BFM
      10 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Don’t expect China to bail out the world
      736 15 Unlike in 2008, its investments today are strategically focused to engineer better quality growth Bloomberg [BEIJING] Premier Wen Jiabao has an unspoken message to his Group of 20 counterparts in Mexico: This time, don’t count on a growth bailout from China. In
      Bloomberg  -  736 words
    • Article, Illustration
      Lock icon India holds rates steady, thwarts rate cut hopes
      552 15 Central bank says relaxing policy could worsen inflation Reuters [MUMBAI] India’s central bank left interest rates and required bank reserves unchanged yesterday, defying widespread expectations for a rate cut and warning that relaxing policy could worsen inflation. Bonds, stocks and the rupee
      Reuters; AP  -  552 words
    • Article
      Lock icon Global food groups bet on China’s fast growing dairy sector
      593 15 Reuters [BEIJING] Global food and dairy companies are making another round of big bets on China’s fast growing dairy sector, seeking to position themselves as safe alternatives after a lethal baby formula scandal burned the industry four years ago. They
      Reuters  -  593 words
    • Article
      Lock icon Plan to boost margins lifts Reliance Ind bonds
      393 15 Bloomberg [NEW DELHI] Reliance Industries Ltd’s bonds are rallying from a threemonth low after chairman Mukesh Ambani pledged to double operating profit in five years. The yield on the company’s 5.4 per cent US dollar notes due February 2022 has dropped 27
      Bloomberg  -  393 words
    • Article
      Lock icon Jindal plans to invest US$7.7b in hydro power
      431 15 Coal shortage sparks move to build 6,100 MW plant Bloomberg [NEW DELHI] Jindal Power Ltd, a unit of India’s biggest steelmaker by market value, plans to spend US$7.7 billion on hydroelectric projects over the next decade as a coal shortage forces utilities
      Bloomberg  -  431 words
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      13 15 www.omy C3 ft ggSkBCKggggMMV showbiz.omy.sg VV‘. .'v V j 0^:0 sjsqr code, vmmmvu'fa
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      402 15 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Companies for the PC Workstations. Eligibility: Tenderers must be qualified by Accounting and Corporate Regulatory Authority Singapore(ACRA) Collection of Tender Specification: Tender Specifications are obtainable from Land Bank of Taiwan, Singapore Branch,
      402 words
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      60 16 You’ve just won a car for achieving a hole one but don’t have a driving licence. Good thing you can hire a driver. r f A product of SPH, Singapore’s trusted media group. At stjobs.sg your ideal job isn’t hard to find. The STJobs App for iPhone and iPad is
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  • WORLD
    • Article, Illustration
      Lock icon Spanish bond yields top 7% to hit record
      804 17 Investors sense risk of bailout spreading from Greece to Spain and Italy AFP AP [MADRID] World markets yesterday cast Spain back to the centre of the eurozone debt storm, pushing its borrowing rate to a eu-ro-era record and dashing hopes for a
      AFP; AP; REUTERS  -  804 words
    • Article
      Lock icon Firms start chasing cybercriminals
      712 17 Tactics range from giving false info to hacking attacker PC Reuters [SAN FRANCISCO] Frustrated by their inability to stop sophisticated hacking attacks or use the law to punish their assailants, an increasing number of US companies are taking retaliatory action. Known in the cybersecurity industry as
      Reuters  -  712 words
    • Article
      Lock icon From chemicals to PCs, Europe crisis imperils US sales
      727 17 Bloomberg [WASHINGTON] American exporters from Dow Chemical Co to Hewlett-Packard Co are bracing for a decline in demand from Europe as the region’s deepening debt crisis threatens to derail a source of strength for the US economy. JPMorgan Chase Co cut
      Bloomberg  -  727 words
    • Article, Illustration
      Lock icon Oil below US$96 – lowest since Feb 2011
      540 17 Oil below US$96 lowest since Feb 2011 Reuters [LONDON] Oil fell below US$96 a barrel yesterday to the lowest level since February 2011, as a pro-bail-out vote in Greece failed to ease fears about the eurozone, sending crude lower with the euro, stocks and other commodity markets. “The economic outlook
      Reuters; AP FILE PHOTO  -  540 words
    • Article, Illustration
      Lock icon Honeymoon over for France and Hollande
      999 19 French bond yields at lows as investors anticipate deeper cuts than estimated Bloomberg [PARIS] For French President Francois Hollande, now comes the hard part. In the weeks since his election on May 6, Mr Hollande, 57, unveiled populist measures, delivering for his Socialist Party
      Bloomberg; AP  -  999 words
    • Article
      Lock icon US Congress returns to face nettlesome issues
      672 19 Subsidised student loan rate, highway funding top agenda LAT-WP [WASHINGTON] Congress returns to Washington this week to confront some of the most substantive and politically nettlesome issues lawmakers will face between now and the November election. Unless Congress acts, the interest rate on
      LAT-WP  -  672 words
    • Article, Illustration
      Lock icon Japan okays incentives for renewable energy
      566 19 Reuters [TOKYO] Japan approved yesterday incentives for renewable energy that could unleash billions of dollars in clean-energy investment a n d h e l p t h e wo r l d s third-biggest economy shift away from a reliance on nuclear power after
      Reuters; REUTERS  -  566 words
    • Article
      Lock icon Deutsche Boerse asks court to overturn ban
      355 19 Bloomberg [BRUSSELS] Deutsche Boerse AG asked a European Union (EU) court to overturn a ban on its planned merger with NYSE Euronext, saying regulators made errors when reviewing the deal that would have created the world’s biggest exchange. Regulators “failed to properly assess”
      Bloomberg  -  355 words
    • Article
      Lock icon Philippine economic growth sustainable: central banker
      387 19 Reuters [NEW YORK] The Philippine central bank is confident that the economy, enjoying its strongest burst of growth in two years in the first quarter and a falling inflationary trend, can sustain this scenario even if the eurozone economy continues to shrink, its deputy
      Reuters  -  387 words
    • Article, Illustration
      Lock icon Americans fret about politics of health care case
      732 20 AFP [WASHINGTON] With the US Supreme Court set to rule within days on the constitutionality of President Barack Obama’s health care reforms many Americans are fearful of the political fallout of the decision. While the nation’s nine top justices are meant to
      AFP  -  732 words
    • Article
      Lock icon European mobile phone operators consolidating
      761 20 Longtime rivals joining forces in markets across Europe to reap benefits of economies of scale NYT [BERLIN] European mobile telephone operators are primed to enter a long-awaited phase of consolidation. As growth slows, and as the need to cut costs and pay out millions for
      NYT  -  761 words
    • Article
      Lock icon VC funds eyeing mobile apps in healthcare
      967 20 Investment in health IT growing fast with rapid turnaround, lowered costs Bloomberg [WASHINGTON] Venture capitalists seeking to profit from innovations in health care are turning to startups that make smartphone and tablet applications for doctors and hospitals. Two years ago, patients would be
      Bloomberg  -  967 words
    • Article, Illustration
      Lock icon Fairfax to cut 19% of jobs in shakeup
      658 20 Reuters [MELBOURNE] Australia’s Fairfax Media, publisher of some of the country’s leading newspapers, will overhaul its top mastheads and slash almost one-fifth of its staff, the beginning of a widespread shakeup of Australia’s media sector. The media industry’s old guard is struggling
      Reuters; AFP  -  658 words
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      135 18 The best employers come to STJobs to seek new staff. Shouldn’t you? 71 T 7t StarHub A m 11,* im 111m i u i 1 1T• r 'A'I* i I* 4iiavi Capita I ciTACciMn A- c: Adecco STAFFING SEARCH better work, better life airport group »Vi m mff rv ll
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Qantas Airways could go at a bargain price
      676 21 Share price plunge pushes airline’s value 61% below net tangible assets Bloomberg [SYDNEY] Qantas Airways Ltd is so beaten down that acquirers can buy Australia’s biggest carrier for less than its value in a fire sale. The company, whose share price fell
      Bloomberg; AFP  -  676 words
    • Article, Illustration
      Lock icon China Eastern to sell its first domestic bonds
      535 21 It plans to tap up to 8.8b yuan as yields on aviation debt sag Bloomberg [HONG KONG] China Eastern Airlines Corp, the nation’s second-biggest carrier by passengers, plans to sell its first domestic bonds as financial support from the government helps push
      Bloomberg; BLOOMBERG  -  535 words
    • Article
      Lock icon Residents say ‘nien’ to third Munich runway
      392 21 Reuters [MUNICH] Munich residents have voted against a third runway at Germany’s second-biggest airport, dealing another blow to airlines clamouring for growth in Europe’s biggest economy. Just over 54 per cent of polled voters were against the new runway and 45.7 per cent
      Reuters  -  392 words
    • Article
      Lock icon Oil market shrugs off Iran tanker insurance ban
      726 21 Reuters [NEW YORK] In less than two weeks, Iran’s biggest oil buyers will lose access to the London-based insurance market that protects 95 per cent of the world’s tanker shipments against oil spills or catastrophic collisions. Barring an unexpected last-minute deal to
      Reuters  -  726 words
    • Article
      Lock icon The Business Times Shipping times
      1969 24 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 STXPO TBN
      1,969 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      379 21 CRYPTIC CROSSWORD Across 1 Cite question before election with leader deposed (5) 4 Loathsome quality in lecturer detained by eccentric genius and son (8) 10 Friendly fellow found in a story (7) 11 Foolish mistake made in road to Tyneside? (7) 12 Bank not imposing a charge first to last
      379 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Some breathing space for Europe
      481 22 EDITORIAL SUNDAY’S narrow win for political parties favouring a financial bailout for Greece (thus keeping the country within the eurozone) marks a fitting victory for rationality. But it marks only one battle won; we are still nowhere near the end of the war for the
      481 words
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      Lock icon Props please, for Southern Europe’s trek out of disaster
      831 22  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. E-mail: david.mason466@btinternet.co
      831 words
    • Article, Illustration
      Lock icon Eurobonds: A guide for the perplexed
      1120 22  -  A look at the various proposals before the EU summit and their strengths and weaknesses REUTERS BREAKINGVIEWS By NEIL UMNACK EUROBOND proposals are proliferating. Eurozone politicians will chew over the multiple variations on the theme of debt mutualisation at this month’s summit. Here’s our
      BLOOMBERG  -  1,120 words
    • Article, Illustration
      Lock icon Giving local brands a fresh fillip
      1191 23  -  Time for tax incentives to support development of such brands or creation of intellectual property by local enterprises By TAY HONG BENG HO KAH CHUAN The writers are head and senior manager of tax, respectively, at KPMG in Singapore. The opinions expressed are their
      AFP, BLOOMBERG, REUTERS  -  1,191 words
    • Article, Illustration
      Lock icon Prosperity for many – or misery for all? Watch Rio
      906 23  - Prosperity for many or misery for all? Watch Rio By JANEZ POTOCNIK The writer is the European Union Environment Commissioner WORLD leaders are in Brazil for the Rio+20 United Nations Conference on Sustainable Development this week to decide what kind of future we want. Twenty years after the original Earth
      AFP  -  906 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2697 25 Transaction date: Jun 18 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 117 +1.5 968 118 116 117 117.5 7.1 11.2
      2,697 words
    • Article
      Lock icon SGX CATALIST
      183 26 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 4.7
      183 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8022 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt 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 American Opp Asian Local Ccy SD Bond 0.6315/ 0.9968/
      8,022 words
    • Article
      Lock icon GLOBALQUOTE
      188 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 $mil Low 46 25.5 Genting HK US$ US32.5 -0.5 2266 33.5 32.5 32.5 33 2140 Last 201 168 TanChongInt HK188 190 4.3 3.7 6.3 3786.1 STOCK PRICES LEGEND:
      188 words
    • Article
      Lock icon SGX ETF
      969 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 $mil 130 113 ABF SG Bond ETF 119 -0.1 16 121.9 119 118 119.5 543.2 122.4 122.4 CIMB APAC Div 100S$D 122.4 122 122.2 103 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      638 27 Jun 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8723.55 8766.56 8711.49 Sep12 8565.00 8755.00 8555.00 8730.00 ***** *****0 Dec12 8670.00 30 6454 MSCI TAIWAN INDEX FUTURES SPOT 257.19 260.53 257.19 Jun12 254.10 261.00 253.80 258.70 ***** *****6 Jul12 247.60 254.00 247.30 251.80 287
      638 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 15 Index Change Change Change Change Change Change World Preliminary 851.0 0.6 2.6 0.1 0.0 0.8 2.0 EAFE Preliminary 673.8 0.6 -1.2 0.4 -4.4 1.1 -2.6 Europe Preliminary 1005.2 0.8 -2.1
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      125 27 As on 15 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 540.20 536.75 541.30 703 CURRENCY EUR-USD FUT JUN2012 1.2640 1.2627 1.2648 32 EUR-USD FUT SEP2012 1.2659 1.2604 1.2658 1915 BASE METAL COPPER FUT JUL2012 7488 7432
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    • Article
      Lock icon CHICAGO BOT
      107 27 Jun 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1376.00 1386.00 1401.50 1370.50 Aug 12 1357.00 1363.75 1375.00 1351.50 Sep 12 1332.00 1334.25 1344.75 1327.00 Nov 12 1314.00 1308.75 1323.50 1306.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 48.44
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Jun 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.73 0.65 WTI (Near Mth) 84.02 -0.05 Dubai (1-Mth F) 95.45 1.33 Tapis blend 103.15 1.07 Minas 104.05 1.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 81.89 2.00 Jet Kerosene 112.34 1.13 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jun 18 S$ Bid Offer 1-month 1.2694 1.2696 2-months 1.2693 1.2696 3-months 1.2691 1.2693 6-months 1.2674 1.2679 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 27 Jun 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1895.00 1916.25 3 months 1933.00 1954.00 Copper, Grade A(US$/tonne) Cash 7498.75 7405.50 3 months 7510.50 7420.00 Lead(US$/tonne) Cash 1911.25 1906.70 3 months 1923.00 1920.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 27 Jun 15 COCOA (£/tonne) Close Prev High/Low Jul 12 1575 1580 1591/1573 Sep 12 1549 1561 1573/1545 Dec 12 1517 1528 1539/1515 Mar 13 1503 1512 1522/1500 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2095 2093 2106/2085 Sep 12 2106 2104 2118/2100 Nov 12 2090 2088 2100/2084 Jan 13 2058
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1270 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 4 1 146 329 8.75 23 Conv Ratio Baker Technology Ltd W*****6 1 1 32 18 28.00 5 BakerTech W*****5 4.6 unch 415 1 27 13 6.09 36
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Jun 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.417 0.796 7.835 56.268 95.320 0.800 11.694 3.184 1.275 94.881 42.687 1.282 8.363 0.957 30.147 31.757 0.645 1.010 Canada 0.969 6.216
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    • Article
      Lock icon SIBOR
      56 27 Jun 18 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      136 27 Jun 18 GOLD(US$/oz) Jun 14 Jun 15 Hong Kong 1728.00 1632.00 Jun 15 Jun 15 Jun 14 London 1627.11 1620.34 1627.88 1621.52 CAST BAR Jun 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 452 331 10gm 807 662 20gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 27 Jun 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 13-Sep-12 0.27 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.18 5-Year N*****0Z 2.375 01-Apr-17 108.96 10-Year NX*****X 2.250 01-Jun-21
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    • Article
      Lock icon PALM OIL
      57 27 Jun 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 2870.0 2841.00 2880.0 2861.0 759 7292 Aug 12 2872.0 2848.00 2896.0 2866.0 7119 ***** Sep 12 2876.0 2849.00 2901.0 2869.0 ***** ***** Oct 12 2876.0 2855.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2815 1.2823 1.0095 1.0100 Canadian dollar 1.2415 1.2419 0.9780 0.9782 Euro 1.6091 1.6099 1.2676 1.2680 NZ dollar 1.0055 1.0059 0.7921 0.7923 Sterling pound 1.9886 1.9891 1.5666 1.5667
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jun 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.312 1.250 Can dollar 1.272 1.212 Euro 1.649 1.571 Sterling pound 2.030 1.952 NZ dollar 1.033 0.984 US dollar 1.286 1.237 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Jun 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.24 0.14 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Disney banks on revamped park
      1003 28  -  ‘Disney DNA’ added to California Adventure more characters and experiences engineered to tug at emotions, reportsBROOKS BARNES reportsBROOKS BROOKS BARNES NYT [ANAHEIM, California] THOUSANDS of people camped on the street overnight waiting to get in. Media coverage by more than 400 print, online and broadcast
      NYT; J EMILIO FLORES/THE NEW YORK TIMES  -  1,003 words
    • Article, Illustration
      Lock icon China to end up with more malls than Europe
      480 29 But retail boom has resulted in oversupply in less developed areas Reuters [LONDON] China will have more shopping centre space than Western Europe in five to 10 years, stoking fears of a property bubble as developers race to build glitzy malls
      Reuters; BLOOMBERG  -  480 words
    • Article
      Lock icon Chinese Estates to fight Macau govt’s decision
      400 29 It moves to seize site where firm has a development Reuters [HONG KONG] Hong Kong-based property developer Chinese Estates Holdings, whose chairman faces bribery charges in Macau, has vowed to fight the Macau government’s move to seize a site where the company has
      Reuters  -  400 words
    • Article
      Lock icon Indonesian housing prices looking up
      250 29 Xinhua [JAKARTA] Indonesia is among the best performers in South-east Asia due to stable price growth in almost all segments of the housing market, according to a survey yesterday. The survey conducted by property consultant Knight Frank indicated that Indonesia’s housing price index rose 3.4
      Xinhua  -  250 words
    • Article, Illustration
      Lock icon Kemaman View sold en bloc for $45.5m
      357 30  -  Unit owners to get about $1.5m each, or 30% more than if they sold separately By LIM WEI SHENG FREEHOLD residential development Kemaman View has been sold to private developer Aylesbury Pte Ltd for $45.5 million, or some $935 per square foot per
      357 words
    • Article, Illustration
      Lock icon Home prices decline in 54 of 70 Chinese cities in May
      888 30 Market nearing bottom as housing curbs take effect Bloomberg [SHANGHAI] China’s home values fell in a record 54 of 70 cities tracked by the government in May as developers cut prices to boost sales amid housing curbs. The eastern
      Bloomberg; REUTERS  -  888 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      62 28 BELMONT ROAD Prestige Homespresents GOOD CLASS BUNGALOWS FOR SALE Land Built-up area: Approx. 21,904 sqft 15,700 sqft 5 en-suite bedrooms family room helper’s quarter 2-storey bungalow with attic Lush landscaped garden with a large function room and gym Large living and dining rooms FOR VIEWING APPOINTMENTS, PLEASE CALL Samuel Eyo
      62 words
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      Lock icon Page 28 Advertisements Column 2
      231 28 Dream office, fully equipped, perfect price? A Offices from Yes. $25 per person per day Reg us Work your way New centre: MBFCTowerS workyoi 17/F, 12 Marina Boulevard, Singapore Other locations in Singapore: Asia Square Centennial Tower One Fullerton One Raffles Place Samsung Hub Tanjong Pagar UOB Plaza 1 Centre
      231 words
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      Lock icon Page 28 Advertisements Column 3
      93 28 Estate Agent Licence No. L*****36J FOR SALE BY PRIVATE TREATY REDEVELOPMENT SITES WITH 100% CONSENSUS Master Plan 2008 –Residential with Commercial at 1st storey, Plot Ratio 3.5 District 8, near to Farrer Park and Little India MRT stations Total land area 7,641 sq ft Freehold Kelvin Chan (R*****7C) 9654 5980
      93 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      125 29 CATS Recruit The first step on your ladder to success CLA/AUG06/g Sophia Mansions Dis 9 Site off Dhoby Ghaut/Selegie Land 17,545 sf; FH; GPR 2.1 36mAMSL 500m to Dhoby Ghaut MRT Interchange Near Plaza Singapura,The Cathay, SMU High ground, serene, ideal for boutique devt Potential for 35 apts of ave.
      125 words
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      Lock icon Page 29 Advertisements Column 2
      218 29 Accelerating success. Significant South West Sydney Investment Opportunity EOI 105-111 Vanessa Street, Kingsgrove, NSW Multi tenanted estate providing diversification of income stream Outlines indicative only SYDNEY CBD Building area: 33,212.6m² Site area: 49,340m² WALE: 6.3 years (approx) Strong tenancy profile Net passing income of $4,072,697.40 pa Estimated fully let income
      218 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      61 30 I A c'^oVoQV' *5 vjcyvSK \ec^° IG’s Price Improvement saved clients $30 million in 2011 IS DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit Figures relate to IG Group, January December 2011 and do not represent future performance results IG Markets (ACRA
      61 words