The Business Times, 26 June 2012
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2012-06-26
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The Business Times
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Title Section25 2012-06-26 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, June 26, 201225 words
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818 2012-06-26 1 SIOW LI SEN - Banks counting cost of complying with US taxman’s ‘big stick’ By SIOW LI SEN [SINGAPORE] Much as they dislike it, Singapore banks are taking steps to comply with a new US law which requires all financial institutions to provide details of818 words
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MARKETS DIGEST
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Article110 2012-06-26 1 HST INDEX 2,815.26 (-12.83) HST INDEX FUTURES 2,815 (-13) HSIMSCI 324.28 (-1.09) HSIMSCI FUTURES 323.60 (-1.50) US$ S$ US$ (S$ per US$) 1.282 (US$/S$ per 1.555 1.994 EURO (US$/S$/E) 1.250 1.602 Foreign currency per US$ S$ YEN 80.10 62.50 RM 3.195 2.492 HK$ 7.760 6.053 BAHT 31.89 24.88 RUPIAH110 words
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Article19 2012-06-26 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.524 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg19 words
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Article, Illustration941 2012-06-26 1 TEH SHI NING - Accommodation and car prices remain major contributors By TEH SHI NING [SINGAPORE] Singapore’s inflation eased to 5 per cent in May, slightly better than the 5.1 per cent consensus forecast from market economists. While the risks are now shifting awaySource: Department of Statistics - 941 words
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Page 1 Advertisements
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Advertisement77 2012-06-26 1 COMMENTARY Banking on the Mekong countries PAGE 21 HOCK LOCK SIEW STXOSV keeps ’em guessing PAGE 5 PROPERTY 85% of units launched at Bugis Cube sold PAGE 28 *****1 *****4 A PATEK PHILIPPE GENEVE Begin your own tradition. mmi a s m 1 v* m m li m i»»*i r77 words
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Advertisement9 2012-06-26 1 PRODUCTIVITY MATTERS Central kitchens boon to restaurants page 129 words
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TOP STORIES
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Article546 2012-06-26 2 Tough new US law sits heavy on S’pore banks MUCH as they dislike it, Singapore banks are taking steps to comply with a new US law which requires all financial institutions to provide details of US accounts. If the banks do not comply, they face a hefty 30546 words
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906 2012-06-26 2 LYNETTE KHOO - It says Chinese partner has transferred business to its own subsidiary By LYNETTE KHOO [SINGAPORE] Singapore’s Transnational Group is crying foul over a lawsuit filed by its Chinese partner to wind up their loss-making joint venture in Tianjin. It claims that906 words
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152 2012-06-26 2 Bloomberg [NICOSIA] Cyprus yesterday said it will seek a financial lifeline from the euro area’s firewall funds, becoming the fifth of the euro’s 17 member states to seek a bailout. “The purpose of the required assistance is to con- tain theBloomberg - 152 words
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502 2012-06-26 2 Data implies modest recovery despite weaker job growth LATEST US DATA AP Bloomberg [WASHINGTON] Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market continues, despite weaker jobAP; Bloomberg - 502 words
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426 2012-06-26 2 Reuters [LONDON]US consumer confidence fell in the second quarter from early this year as slowing employment growth and an escalating eurozone crisis made Americans more cautious about the economic outlook, a survey showed yesterday. Consumer sentiment in the world’s biggest economy fell byReuters - 426 words
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Article, Illustration341 2012-06-26 4 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] Temasek Holdings has updated its Charter to maintain the Charter’s relevance as it celebrated its 38th anniversary yesterday. While this does not signal any strategic change in direction for the sovereign wealth fund, the 10-year-old Charter is sharpened and simplified341 words
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Article, Illustration503 2012-06-26 4 APRIL CHYE - Million dollar draw aimed at building up 88,888 savings accounts here By APRIL CHYE [SINGAPORE] Malaysia’s second largest bank has launched an aggressive Internet banking push to take on its local rivals who have wider ATM and branch networks. CIMB Singapore, which already offersFILE PHOTO - 503 words
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695 2012-06-26 4 Bloomberg [LONDON] Central bankers are finding it easier to support their economies than to spur expansion as the prospect of Japanese-like lost decades looms across the developed world. Another round of loosely correlated global stimulus has begun after the FederalBloomberg - 695 words
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Article, Illustration637 2012-06-26 4 Bloomberg Reuters [NEW DELHI] India has increased the amount of rupee-denominated debt overseas investors can own to arrest a slide in the currency, which sank to a record low on June 22. The ownership ceiling on government bonds was raised by US$5Bloomberg; Reuters; REUTERS - 637 words
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Advertisement67 2012-06-26 2 First in open programs worldwide IMD 100% focused on real-world executive development Swiss excellence with a global perspective Breakthrough Program for Senior Executives High impact strategy and Leadership www.imd.org/bpse Advanced Strategic Management Driving sustainable business results www.imd.org/asm arya DVD REAL WORLD REALLEARNING Program for Executive Development Transforming future global leaders67 words
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Advertisement63 2012-06-26 3 here is a list OF ALL THE WORLD'S BANKS STRONGER THAN US: RANKED WORLD’S STRONGEST BANK BY BLOOMBERG MARKETS. AGAIN. An honour we humbly accept for the second year in a row. We'd like to thank all of our customers and all of our staff We couldn't have done it63 words
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Advertisement87 2012-06-26 4 The SME Magazine coming to you with your copy of The Business Times on July 4 IN THIS ISSUE SHOW ME THE MONEY: The right approach to getting loans and tapping into government funding WORKING WITH LESS: Taking advantage of tax concessions, grants and cash payouts to ease foreign labour87 words
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COMPANY NEWS
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Article739 2012-06-26 5 LYNN KAN - HOCK LOCK SIEW By LYNN KAN ‘OFFSHORE’ is the new watchword in the sinking shipping sector; and the buzz has been loudest for Norwaybased STX OSV Holdings. The offshore support-vessels builder has outperformed the FTSE Straits Times Oil and Gas Index, of which it is739 words
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379 2012-06-26 5 RONNIE LIM - It’s among 7 prequalified groups to bid for desalination project; Sembcorp Utilities is out By RONNIE LIM WATER solutions specialist Hyflux is in the running while power player Sembcorp Utilities is out to develop a major independent water project (IWP) costing an379 words
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537 2012-06-26 5 FELDA CHAY - CEO Liew’s departure in a year’s time no surprise; succession plan in place By FELDA CHAY INVESTORS reacted calmly to news that CapitaLand’s head honcho, Liew Mun Leong, will be leaving the company in a year’s time. The property giant’s share price closed unchanged at537 words
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448 2012-06-26 7 MINDY TAN - $261.6m move ups its interest in Ocean Financial Centre owner from 87.5% to 99.9% By MINDY TAN K-REIT Asia has acquired an additional interest of about 12.39 per cent in Ocean Properties LLP, raising its stake from an approximate 87.5 per cent to448 words
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256 2012-06-26 7 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Airlines Cargo and its 16 per cent owned associate China Cargo Airlines will operate joint freighter services between Singapore and Shanghai from today. The services are part of wide-ranging initiatives between the two airlines, which include enhanced system256 words
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220 2012-06-26 7 Reuters [BANGKOK] Thailand’s telecoms regulator yesterday set a reserve price for an auction of 3G mobile phone licences, a crucial step towards long-delayed reforms in the sector. The reserve price, the minimum amount Thailand expects to receive from each of nine licences forReuters - 220 words
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Article, Illustration502 2012-06-26 7 MINDY TAN - China slowdown not that bleak, says CRCT’s chief exec By MINDY TAN EVEN as reports emerge of the China slowdown being more deeply rooted than suspected, CapitaRetail China Trust (CRCT) chief executive Tony Tan maintains that the situation on the ground isn’t as bleak as502 words
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Article, Illustration471 2012-06-26 8 CAI HAOXIANG - By CAI HAOXIANG INVESTORS going for divi-dend-paying companies in Asia have yet another reason to stick to their strategy, said a Citi report yesterday. It said relatively few funds invest on an income rather than growth basis in the Asia-Pacific region excludingREUTERS - 471 words
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COMPANY BRIEFS
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60 2012-06-26 8 THAKRAL Corporation is expecting to record a loss for its second quarter ending June 30. It cited the continuing weak global economy and slower consumer demand. While the adverse conditions are expected to continue for some time, the group is taking necessary measures60 words
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76 2012-06-26 8 FRASERS Commercial Trust (FCOT) has secured new facilities to refinance a $500 million term loan facility. The first is a transferable three-year term facility of $320 million. The interest rate is the Singapore Swap Offer Rate (SOR) plus a margin of 1.55 per cent per76 words
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Article72 2012-06-26 8 UNITED Engineers’ wholly-owned subsidiary, UE UMC, has established a joint venture to undertake industrial waste oil treatment. The JV, Tangshan UE Shengxing Renewable Resources Company Ltd, is domiciled in China and has a paid-up capital of 30 million yuan (S$6 million). UE UMC will72 words
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Article347 2012-06-26 8 SIOW LI SEN - Fourth such exercise takes total capital management spending to $2b By SIOW LI SEN OCBC Bank will soon begin its fourth $500 million buyback, with the bank spending a total of $2 billion as part of its capital management scheme. In a release yesterday, OCBC347 words
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470 2012-06-26 8 RONNIE LIM - By RONNIE LIM SINGAPORE-BASED oil gas exploration and production player Kris Energy (KE), which is looking to list on the SGX soon, has got Italian oil major ENI on board two of its offshore Vietnam blocks as a 50 per cent partner, with470 words
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Advertisement126 2012-06-26 5 Get the control you need, the comfort you deserve, and the power you desire. The C 180 BlueEFFICIENCY pairs a potent new 1.6-litre engine with 7G-TRONIC PLUS automatic transmission for virtually imperceptible gear changes and instantaneous acceleration. Its turbocharged inline 4-cylinder engine delivers impressive power, yet reduces fuel consumption and126 words
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SINGAPORE MARKETS
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Article, Illustration578 2012-06-26 6 R SIVANITHY - Stocks continue to be hit by eurozone concerns; average value of trading stands at only 53 cents STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index dropped 12.83 points to 2,815.26 in a weak session yesterday that saw stocks continue to be plaguedSource: Bloomberg - 578 words
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Article65 2012-06-26 6 Jun 25 VALUE CLOSE BT OB/OS 193.00-191.00 BT CADI -*****.00 -29.00 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 661.17 -0.51 FTSE ST Small Cap 437.26 +1.60 FTSE ST All Share 683.37 -2.40 FTSE ST China Top 193.52 -1.22 FTSE ST China 217.71 -1.79 FTSE ST65 words
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Article56 2012-06-26 6 VOLUME GSH Corp 175,671,000 NexGenSCom 72,059,000 Maxi-Cash 61,368,000 Aussino 54,893,000 Inno-Pac 41,945,000 Golden Agri 41,492,000 Blumont 33,390,000 Asiasons 28,922,000 TT Intl 27,993,000 SingTel 27,326,000 VALUE($) SingTel 87,364,218 IS Asia BND 100US 38,610,112 UOB 34,824,300 Keppel Corp 34,396,109 Olam 31,211,200 HK Land 30,942,861 Sakari 27,270,895 Golden Agri 26,120,95056 words
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Article186 2012-06-26 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 5 0 0 0 5 7 5 Manufacturing 41 46 38 6 8 8 47 54 46 Commerce 16 20 18 3 6 3 19 26 21 Tpt/Stor/Comms 16 14 6186 words
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Article, Illustration877 2012-06-26 6 LYNN KAN - Compiled by LYNN KAN CapitaLand June 25 close: $2.64 CIMB Research, June 25 CAPITALAND’s group president and chief executive officer Liew Mun Leong will step down in June next yea. We believe his successor, to be named in a few months, will come from within. We think thereSource: Bloomberg - 877 words
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Article123 2012-06-26 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 11,074 11,074 52,689 52,689 Manufacturing 156,178 25,567 181,745 125,716 1,621 127,337 Commerce 383,353 10,923 394,276 91,760 593 92,353 Tpt/Stor/Comms 61,800 16,220 78,020 132,867 4,412 137,279 Finance 53,278 61,368 114,646 92,091 25,686 117,777 Construction 83,490 5,640123 words
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Article111 2012-06-26 6 Stock name Close Change CapMallsAsia 1.480 -0.005 CapitaLand 2.640 CapitaMall 1.810 CityDev 10.560 -0.100 ComfortDelGro 1.500 +0.010 DBS Grp 13.650 -0.010 F&N 6.800 GLP 2.040 -0.020 Genting SP 1.415 -0.020 Golden Agri 0.630 -0.010 HK Land 5.520 -0.070 JMH 48.640 -1.150 JSH 29.940 +0.300 Jardine C&C111 words
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Article, Illustration449 2012-06-26 6 CURRENCIES Reuters [NEW YORK] The euro fell to its lowest in almost two weeks against the US dollar yesterday, and looked set to extend losses as investors doubted a European summit later in the week will find a solution to the region’s escalatingReuters; BLOOMBERG - 449 words
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Article113 2012-06-26 6 BY CENTS CLOSE UP DBXT Nifty 10US$ 9290 123.0 1.0 JSH 2994 38.5 1.0 DBXT MSJAP 10US$ 3434 21.8 0.5 OCBC Bk 5.1%NCPS 100 ***** 20.0 0.2 Lyxor India Nifty 10 1183 18.0 1.5 DBS Bk 4.7% NCPS 100 ***** 15.0 0.1 SIA 1027 15.0 1.5 DBXT S&P Short113 words
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Article128 2012-06-26 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -156.5 -0.7 JMH 4864 -147.4 -2.3 DBXT MSKorea 10US$ 5176 -128.2 -1.9 Jardine C&C 4398 -107.0 -2.4 DBXT FTVietnam 10US$ 2338 -56.4 -1.8 DBXT FTChina25 10US$ 2449 -44.9 -1.4 DBXT MSAsExJp 10US$ 2813 -41.0 -1.1 Lyxor Korea 10US$ 458 -33.3128 words
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Page 7 Advertisements
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Advertisement49 2012-06-26 7 IG MARKETS Our sentiment indicators show you the percentage of IG clients buying or selling each market j DISCOVER OUR INSIGHT PLATFORM IGMARKETS.COM.SG/INSIGHT J CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by the MAS and International Enterprise Singapore49 words
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Page 8 Advertisements
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Advertisement151 2012-06-26 8 This Ride Will Go A Long Way S a New CC Want to own this car and also do your bit to help the community? Then bid for this Volkswagen CC 1.8 TSI. Proceeds from the auction will go to a fund that will provide one-year's worth of free copies151 words
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SINGAPORE NEWS
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Article, Illustration488 2012-06-26 9 GLENN CHOO - Students able to take two disciplines, choose to complete one year overseas By GLENN CHOO NANYANG Technological University (NTU) is pushing the frontiers in PhD education at its new Interdisciplinary Graduate School where students will concentrate on two or more disciplines instead488 words
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Article, Illustration378 2012-06-26 9 KELLY TAY - Bavaria a key partner-state in business and trade By KELLY TAY in Munich APART from its football and beer-brewing prowess, the German federal state of Bavaria is well known in Singapore for its robust industries and companies, as well as top-tier research universities. So378 words
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237 2012-06-26 9 WANG XIN MIN - By WANG XIN MIN THE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have signed a memorandum of understanding (MOU) to establish a reciprocal cross-border collateral arrangement. The arrangement allows MAS and BOT to accept a wider range of237 words
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SINGAPORE ROUNDUP
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Article87 2012-06-26 9 APPLICATIONS for the second round of Qualifying Foreign Law Practice (QFLP) licences will open on July 1. Application forms will be available on the Ministry of Law’s QFLP website from midnight on July 1. The deadline for submission is 4pm on Aug 31. To obtain87 words
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59 2012-06-26 9 THE government has identified Blocks 1A to 6A Woodlands Centre Road for the Selective En bloc Redevelopment Scheme (SERS). The site comprises 147 sold flats, which were completed in 1980. HDB will build about 190 units of new two-room, three-room, four-room and five-room flats59 words
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Article, Illustration526 2012-06-26 10 TIMOTHY LOH - Measurement model has to balance flexibility and standardisation By TIMOTHY LOH AS social entrepreneurship gains traction in Asia, one issue that keeps popping up is that of assessing social impact. Unlike traditional businesses concerned only with financial return, social enterprises (SEs) seek double526 words
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Article302 2012-06-26 10 It will review, update land transport policies to update masterplan THE Land Transport Authority (LTA) is inviting public feedback as it seeks to review and update land transport policies in order to tackle emerging challenges. This will be reflected in an updated Land Transport Masterplan,302 words
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Article, Illustration291 2012-06-26 10 LIM WEI SHENG - By LIM WEI SHENG UBS celebrated its 150th anniversary last Saturday with the official launch of a new community partnership with Aspiring towards Character Excellence (ACE) Football League. The League aims to build character in socially disadvantaged young people between 11 and 17 years291 words
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Advertisement186 2012-06-26 9 o^V 5 AZ RAYA ,V m 1 Vi. «i I rr m X 1 I n m n fv\ i i* w Jk B i m SSI LEBAR PV an INDUSTRIAL SPACE THAT INSPIRES Rare Freehold ‘BV Industrial Space Prime Location Next To MacPherson MRT (Future Interchange) Strata-titled development Lush186 words
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Advertisement81 2012-06-26 10 Why your ideal job isn’t hard to find. With these and other premium partners providing hiring solutions and opportunities, there's no reason not to use STJobs to look for your choice job. o/mtgm Capita I STAFFIWn A Adecco AT* r? tWf ■lv: ttm ■J.9 I I A product of SPH,81 words
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SME Inc
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Article, Illustration1184 2012-06-26 11 JASLENE PANG - MP Zaqy Mohamad says his ‘biggest fear’ is that the cost of business may outstrip SMEs’ productivity gains, reports JASLENE PANG reportsJASLENE JASLENE PANG AS RENTS and wages continue their relentless climb, companies are finding it more difficult to do business in Singapore, despite theFILE PHOTO - 1,184 words
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Article1139 2012-06-26 11 ERIC TACHIBANA - Digital innovation studio Savant Degrees shows that there is room for small firms to grow here By ERIC TACHIBANA The writer is an adjunct associate professor in the Department of Strategy and Policy at NUS Business School This article was first published on NUS Business1,139 words
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PRODUCTIVITY MATTERS
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Article, Illustration1094 2012-06-26 12 MINDY TAN - The key is using the best equipment and an efficient workflow. FOOD AND BEVERAGE SERVICES By MINDY TAN THE hustle and bustle that one would assume defines a kitchen is oddly absent at the central kitchen of Chinese restaurant chain, Pu Tien. The1,094 words
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Article363 2012-06-26 12 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. Productivity and Innovation Credit (PIC) Innovation and Capability Voucher (ICV) SMEs can get a $5000363 words
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Article, Illustration1078 2012-06-26 12 MINDY TAN - Mechanisation helps Spice Peranakan become less dependent on labour and ensures consistency By MINDY TAN STEEPLY mired in tradition, the preparation of Peranakan food is notoriously precise. It is thus not surprising that when Spice Peranakan’s Joshua Wee suggested using a combi oven to prepare beefARTHUR LEE - 1,078 words
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Page 11 Advertisements
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Advertisement402 2012-06-26 11 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, such as how much the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg402 words
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ECONOMY WATCH
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Article, Illustration686 2012-06-26 13 Earnings at firms like P&G hit, investors set for more losses Bloomberg [NEW YORK] The largest emerging markets, whose economies grew more than four-fold in the past decade, are making losers out of everyone from central bankers to Procter Gamble Co (P&G) as their currenciesBloomberg; BLOOMBERG FILE PHOTO - 686 words
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Article, Illustration617 2012-06-26 13 Almost every major firm participates in annual mass-hiring Reuters [TOKYO] Each April, hundreds of new graduates report for work in Japan’s corporate world, all on the same day, all dressed in standard business black, and all ready to be moulded into staunch company loyalists. AcrossReuters; REUTERS - 617 words
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475 2012-06-26 13 Bloomberg [ST PETERSBURG] Russia’s sovereign debt rating should be upgraded at least two steps because its weaknesses are overblown compared with higher-rated countries, Deputy Finance Minister Sergei Storchak said. “It’s clear we should be at least one step from an A rating,” Mr StorchakBloomberg - 475 words
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344 2012-06-26 13 Reuters [TOKYO] The Bank of Japan’s closely watched tankan survey may show manufacturers remained glum about business conditions in the three months to June as Europe’s simmering debt crisis and slowing overseas economies hurt, a Reuters poll showed. But strength in domestic demandReuters - 344 words
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Advertisement1188 2012-06-26 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices INDIABULLS PROPERTIES INVESTMENT TRUST (Registration Number: *****01) (a business trust constituted on 7 May 2008 under the laws of the Republic of Singapore) MANAGED BY INDIABULLS PROPERTY MANAGEMENT TRUSTEE PTE. LTD. (Company Registration Number: *****0456G) (as Trustee-Manager of Indiabulls Properties Investment Trust)1,188 words
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Advertisement185 2012-06-26 14 A Straits Times Appreciates Readers Event Come be a 4Minute Watch STAR concert and go to Universal Studios Singapore® Singapore Flyer for FREE July 15, Sunday, 6.30pm Gardens by the Bay $67 for The Straits Times readers (Usual price $75) Enjoy a 3-hour concert with performances from international stars Tanya185 words
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MALAYSIA/INDONESIA
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716 2012-06-26 15 Investment bank can now compete with Goldman, JPMorgan in region: CEO Bloomberg [KUALA LUMPUR] CIMB Group Holdings Bhd, Southeast Asia’s top-ranked investment bank over the past three years, is taking aim at a bigger market following its acquisition of some ofBloomberg - 716 words
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639 2012-06-26 15 Bloomberg [CARACAS] PT Pertamina, Indonesia’s state-owned oil company, will buy Hou-ston-based Harvest Natural Resources Inc’s oil assets in Venezuela for US$725 million in cash as it sets out to acquire reserves in South America. Harvest will sell its 32 per centBloomberg - 639 words
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509 2012-06-26 15 S JAYASANKARAN - It calls prosecution ‘improper’ as book hadn’t been banned yet By S JAYASANKARAN in Kuala Lumpur A MALAYSIAN bookstore has won a High Court decision for the right to have a judicial review against the Federal Territory Islamic Affairs Department509 words
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Advertisement1963 2012-06-26 15 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MERCATOR LINES (SINGAPORE) LIMITED (Company Registration No. *****7205N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mercator Lines (Singapore) Limited (the “Company”) will be held at Meeting Room-Libra Gemini, Level-1, Marina1,963 words
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GREATER CHINA/INDIA
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Article, Illustration938 2012-06-26 16 Foreign groups such as Concord Medical, IHH Healthcare, Chindex lend a hand Bloomberg [BEIJING] China, where 260 million people suffer from cancer, diabetes and other diseases, is in a hurry to bolster its medical services. Investors are ready to help. The latestBloomberg; BLOOMBERG FILE PHOTO - 938 words
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470 2012-06-26 16 FREDERICK YEUNG - By FREDERICK YEUNG EJ Insight [HONG KONG] The China Securities Regulatory Commission (CSRC), the stock market watchdog, is seeking to tighten the monitoring of stock recommendations on television programmes and online forums in a bid to protect the interest of retailEJ Insight - 470 words
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516 2012-06-26 16 Falling deposits cap Dim Sum demand ahead of record sale Bloomberg [HONG KONG] Hong Kong’s biggest banks are calling for China to end a ban on non-residents buying yuan in the city as falling deposits limit demand for Dim Sum bondsBloomberg - 516 words
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732 2012-06-26 16 ANALYSIS Reuters [NEW DELHI] Indian Prime Minister Manmohan Singh was overseas and his outgoing finance minister was clearing his desk last week as the government quietly began preparing the ground for a new push to open up India’s $450 billionReuters - 732 words
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Advertisement482 2012-06-26 16 >®t WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE We wish to inform our suppliers, customers and associates that Mr Henry Pek Kong Wei, NRIC No. SXXXX480B is no longer in our employment effective from 21 June 2012. He is therefore not authorized to make any representations nor transact482 words
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Advertisement141 2012-06-26 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF YH ETERNAL INVESTMENT PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****4477M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the141 words
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WORLD
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678 2012-06-26 17 Market economists believe rescue deal is prelude to full bailout for state Reuters [MADRID] Spain formally requested eurozone rescue loans to recapitalise its debt-laden banks yesterday as the euro and shares fell on investor scepticism about this week’s European Union (EU)Reuters - 678 words
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670 2012-06-26 17 Reuters [ZURICH] Investors trying to protect their wealth from global economic uncertainty have been stashing bank notes, gold bars and other valuables in Swiss banks, fuelling demand for safe deposit boxes. The eurozone debt crisis and fear that loose policy by centralReuters - 670 words
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Article, Illustration241 2012-06-26 17 AFP [VIENNA] An Austrian firm has come up with what it hopes is the next big thing for the mega-rich: A man-made, floating “island” with a list price of 5.2 million euros (S$8.3 million), the company’s founder told AFP yesterday. Measuring 20 byAFP - 241 words
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541 2012-06-26 17 That could cost France 75b euros, Belgium 150b euros Reuters [BRUSSELS] With tens of billions of euros lent to the public sector in Spain and Italy, bailed-out lender Dexia may be dead as an investment but as a threat to the budgets of guarantorsReuters - 541 words
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Article, Illustration539 2012-06-26 17 Bloomberg [LONDON] Billionaire investor George Soros called on Europe to start a fund to buy Italian and Spanish bonds, warning that a failure by leaders meeting this week to produce drastic measures could spell the demise of the currency.Bloomberg; BLOOMBERG FILE PHOTO - 539 words
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760 2012-06-26 18 Banks need to fix overvalued balance sheets, cut risky assets, recapitalise Bloomberg [VIENNA] Banks will need a “healthy push” by governments to fix balance sheets, abandon risky businesses and serve the public to avoid prolonging the financial crisis, theBloomberg - 760 words
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Article, Illustration464 2012-06-26 18 Bloomberg [LONDON] The London 2012 summer Olympics are on course to be the most over-budget games for 16 years after organisers failed to forecast demands for security and private investment, according to a study by the University of Oxford. The sports-related expense of hosting inBloomberg; AFP - 464 words
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410 2012-06-26 18 AFP [SYDNEY] Top editors at Australian newspapers The Age and The Sydney Morning Herald resigned yesterday, after parent company Fairfax last week announced an overhaul designed to embrace the digital era. Peter Fray, publisher and editor-in-chief at the 180-year-old Sydney paper, andAFP - 410 words
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593 2012-06-26 18 Bloomberg [BANGKOK] Thailand’s banking industry may shrink to as few as five lenders from 14 as competition and cost-cutting fuel consolidation, said Boontuck Wungcharoen, chief executive officer of TMB Bank Pcl. “Thailand has too many banks for the size of theBloomberg - 593 words
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Article, Illustration891 2012-06-26 18 Reuters [BOSTON] A series of high-level departures from BlackRock this month has raised questions about the direction of the world’s largest money manager. Coming in rapid succession over the past two weeks, the departures included Susan Wagner, a founding partner and vicechairman, who willReuters - 891 words
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Advertisement53 2012-06-26 17 One Afternoon I HAVE GOT A WHOLE STACK OF MATERIALS FOR MY STOCK ANALYSIS... "7 5#nnr "WMCf V \M*' i i. fj gsgr I You SHOULD SWITCH TO USING I ONLINE RESOURCES INSTEAD V. SHARElNVESTOR.com YOUR ONE-STOP FINANCIAL PORTAL FOR ALL YOUR INVESTMENT NEEDS. Visit ShareInvestor.com now FOR A 1853 words
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FOCUS: ROUNDTABLE
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Article, Illustration2602 2012-06-26 19 INTRODUCTION THE Greek election and the G-20 summit in Mexico have both come and gone, but still the global economy looks little closer to being saved. What more can be done? The Business Times convened a roundtable of international experts, chaired by BT’s Tokyo correspondentBLOOMBERG - 2,602 words
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EDITORIAL & OPINION
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498 2012-06-26 20 EDITORIAL THE dispute over the the Spratlys, the Paracels and the Macclesfield Bank also known as Nansha, Xisha and Zhongsha Islands to the Chinese took a turn towards open confrontation last week with Vietnam passing a law that claims sovereignty over the Paracel and Spratly498 words
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Article, Illustration819 2012-06-26 20 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT AMONG economists who know their history, the mere mention of certain yearsNYT - 819 words
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Article, Illustration955 2012-06-26 20 LEON HADAR - Printing more dollars would be controversial as it could ignite inflationary pressure LEON HADAR Washington Correspondent THE number of Americans applying for unemployment benefits fell by only 2,000 to 387,000, the US government reported last week, another indication of a feeble labour market. ItAFP - 955 words
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Article, Illustration1334 2012-06-26 21 MOHIT MEHROTRA, ANURODH PANDEY - Cambodia, Laos and Myanmar represent a vast market that offers a strong growth potential for Asean banks By MOHIT MEHROTRA, ANURODH PANDEY Mohit Mehrotra is regional head of financial services industry (strategy operations), Deloitte Singapore South-east Asia Anurodh Pandey is senior consultant with financial servicesAP - 1,334 words
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Article, Illustration921 2012-06-26 21 SAJJAD ASHRAF - By SAJJAD ASHRAF The writer was Pakistan’s high commissioner to Singapore from 2004-2008. He now serves as an adjunct professor at the Lee Kuan Yew School of Public Policy, National University of Singapore and as a visiting senior research fellow at theAP - 921 words
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AVIATION/SHIPPING
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Article, Illustration569 2012-06-26 22 Move to bring in more visitors may lift Nevada economy from recession AP [LAS VEGAS] With the arrival of an overnight flight from London this week, Las Vegas will mark the opening of a US$2.4 billion airport terminal that officials say could helpAP - 569 words
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773 2012-06-26 22 European purchases rise just as regional refineries are closing Bloomberg [LONDON] European jet fuel purchases are set to hit the highest levels in more than a year as the London Olympics and Euro 2012 soccer tournament boost travel during the summer months justBloomberg - 773 words
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350 2012-06-26 22 [KUALA LUMPUR] The Federation of Malaysian Manufacturers (FMM) claimed that the depot gate charges or any other claim by container depot operators should be borne and absorbed by the shipping lines, a report in Malaysia’s Business Times said. It said in a350 words
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269 2012-06-26 22 Reuters [DUBAI] Iran has given new English names and changed the flags of many of its oil tankers, two of which are steaming towards Europe with a European Union (EU) ban on Iranian oil imports just a week away, ship tracking data on ReutersReuters - 269 words
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522 2012-06-26 22 Bloomberg [Sao Paulo] Embraer SA’s bid to sell more business aircraft in Asia is taking off after the Chinese government gave the world’s fourth-biggest plane maker approval to manufacture the jets there. The company said in a June 21 statement it signed anBloomberg - 522 words
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Article259 2012-06-26 22 SGX '000 Jun 25 S$ +/-Vol CH Offshore 0.41 -0.01 20 Chuan Hup Hldg 0.22 -0.01 10 Cosco Corp 0.98 -0.01 2491 5$ Ezra Hldgs 1.02 0.01 2120 First Ship Lea 0.18 unch 55 Freight Links 0.06 unch 2884 Grand Banks unch unch 0 Jaya Hold Ltd 0.57259 words
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1999 2012-06-26 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN1,999 words
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Page 22 Miscellaneous
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Miscellaneous287 2012-06-26 22 CRYPTIC CROSSWORD Across 1 Shock vote for right then opposition leader winning (11) 10 Worked up seeing classy pin-up embracing pole (5) 11 Group deny act is rubbish (9) 12 Sailor posted around globe for soaking (9) 13 Water finally put on cheese plant (5) 14 One’s prosecuted and released287 words
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Page 23 Advertisements
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Advertisement17 2012-06-26 23 `=.=*~;\~.[`~+?`/"=`:=~|*(>$/'- FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II17 words
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Advertisement28 2012-06-26 23 Experienced sh/p maintenance M your services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Mil. UUJIIYLJJ IIIVILJ Shipping Times28 words
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SINGAPORE STOCKS
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Article2788 2012-06-26 24 Transaction date: Jun 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 123 92.5 AIMSAMPIReit 120 unch 323 121 1202,788 words
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Article146 2012-06-26 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 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 11146 words
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Article8174 2012-06-26 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 EM Local Ccy Bond 0 9413/ European Opportunities *****/ Global8,174 words
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Article200 2012-06-26 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US32 -1 1668 33 32 32 32.5 2107 10.5 6.9 OGL Resources A$ A6.9 -3.6 15 6.9 6.9 4.9 9.5 1 201200 words
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Article977 2012-06-26 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122.4 122.2 CIMB APAC Div 100S$D 122.2 -0.2 1 122.2 122.2 121.5 122 103 95.8 CIMB APAC Div 100US$ US96 95.3 95.8 10.1 1246 1246 CIMBASEAN40977 words
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FINANCE & COMMODITIES
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Article620 2012-06-26 26 Jun 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8837.83 8837.83 8726.40 Sep12 8775.00 8825.00 8715.00 8720.00 ***** *****5 Dec12 8660.00 105 6550 MSCI TAIWAN INDEX FUTURES SPOT 257.28 257.28 254.32 Jun12 254.50 255.60 251.50 253.90 ***** *****3 Jul12 247.10 248.30 244.60 246.40 8817620 words
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Article, Illustration127 2012-06-26 26 As on 22 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 521.45 517.85 523.10 1005 INDIA GOLD (E-GOLD) FUT OCT2012 521.80 521.70 528.40 31 CURRENCY EUR-USD FUT SEP2012 1.2592 1.2530 1.2576 2484 BASE METAL COPPER FUT JUL2012127 words
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Article107 2012-06-26 26 Jun 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1442.50 1438.50 1464.25 1435.00 Aug 12 1426.00 1423.00 1447.75 1419.00 Sep 12 1394.25 1391.50 1412.25 1386.25 Nov 12 1375.50 1371.25 1390.50 1364.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 49.74107 words
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Article70 2012-06-26 26 CRUDE OIL PRODUCTS Jun 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 90.49 -0.09 WTI (Near Mth) 79.95 1.67 Dubai (1-Mth F) 88.39 -1.95 Tapis blend 93.75 -2.15 Minas 95.55 -2.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.28 -1.00 Jet Kerosene 106.37 -1.73 US$/barrel OpecOil Basket70 words
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Article22 2012-06-26 26 Jun 25 S$ Bid Offer 1-month 1.2815 1.2825 2-months 1.2814 1.2825 3-months 1.2813 1.2823 6-months 1.2800 1.2811 Source: OCBC22 words
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Article66 2012-06-26 26 Jun 22 Jun 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1824.75 1830.75 3 months 1862.00 1870.00 Copper, Grade A(US$/tonne) Cash 7317.00 7342.50 3 months 7310.00 7341.00 Lead(US$/tonne) Cash 1798.50 1809.75 3 months 1816.00 1828.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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373 2012-06-26 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 22 Index Change Change Change Change Change Change World Preliminary 852.8 -0.1 2.8 -0.1 0.2 -0.3 1.8 EAFE Preliminary 681.9 -0.7 0.0 -1.0 -3.8 -1.2 -2.3 Europe Preliminary 1013.5 -0.7 -1.3373 words
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Article80 2012-06-26 26 Jun 22 COCOA (£/tonne) Close Prev High/Low Jul 12 1501 1516 1521/1498 Sep 12 1475 1492 1490/1474 Dec 12 1445 1462 1462/1444 Mar 13 1427 1446 1447/1427 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2016 2059 2056/2013 Sep 12 2032 2079 2080/2028 Nov 12 2033 2073 2073/2030 Jan 13 201880 words
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1283 2012-06-26 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 369 8.00 23 Conv Ratio Baker Technology Ltd W*****6 0.6 1 32 14 47.50 5 Price Best World Intl Ltd W*****5 0.6 1 30 751,283 words
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Article470 2012-06-26 26 Jun 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.029 6.373 0.801 7.768 56.745 94.849 0.801 11.649 3.198 1.272 94.604 42.700 1.283 8.460 0.962 30.006 31.923 0.644 1.001 Canada 0.972 6.194470 words
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Article57 2012-06-26 26 (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$) 0.***** 3 mths 0.***** Jun 25 Jun 25 0.***** SWAP Mid rates (S$) 0.***** 0.***** SWAP Mid rates (S$)57 words
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Article136 2012-06-26 26 Jun 25 GOLD(US$/oz) Jun 25 Jun 22 Hong Kong 1577.00 1576.00 Jun 22 Jun 22 Jun 21 London 1561.50 1577.56 1562.30 1578.33 Source: Thomson Reuters CAST BAR Jun 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442 324 10gm136 words
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Article84 2012-06-26 26 Jun 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 27-Sep-12 0.28 0.24 0.24 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-14 100.15 100.17 100.17 5-Year N*****0Z 2.375 01-Apr-17 108.9484 words
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Article57 2012-06-26 26 Jun 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3001.0 2926.00 3014.0 2992.0 307 3101 Aug 12 3016.0 2944.00 3044.0 3012.0 1503 ***** Sep 12 3038.0 2953.00 3059.0 3022.0 ***** ***** Oct 12 3043.0 2958.0057 words
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Article154 2012-06-26 26 Jun 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2825 1.2842 1.0008 1.0013 Canadian dollar 1.2467 1.2478 0.9729 0.9730 Euro 1.6011 1.6027 1.2494 1.2497 NZ dollar 1.0076 1.0097 0.7863 0.7873 Sterling pound 1.9927 1.9944 1.5550 1.5551154 words
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Article121 2012-06-26 26 As at 9am Jun 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.313 1.251 Can dollar 1.275 1.215 Euro 1.641 1.563 Sterling pound 2.031 1.953 NZ dollar 1.035 0.986 US dollar 1.298 1.249 Local dollars to 100 units of foreign121 words
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Article155 2012-06-26 26 Jun 25 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.15 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 12155 words
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PROPERTY
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Article, Illustration1363 2012-06-26 27 Too much rise in real prices shows country now has a housing bubble: govt agency Bloomberg [HAMBURG] Sweden’s banks have drawn criticism from Finance Minister Anders Borg for failing to cut mortgage rates. Their reluctance to do so is aboutBloomberg; BLOOMBERG - 1,363 words
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363 2012-06-26 27 Trust may raise up to 200b yen in IPO this year: report Bloomberg [TOKYO] Aeon Co, Japan’s biggest supermarket chain, may sell assets into a real estate investment trust to raise funds amid expansion overseas and acquisitions. The retailer said it’s considering setting upBloomberg - 363 words
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203 2012-06-26 27 Reuters [PARIS] Qatar has signed to buy four luxury hotels from US investment group Starwood at a total cost of up to 750 million euros (S$1.2 billion), adding to its investment in France, newspapers there reported on Saturday. Gas-rich Qatar hasReuters - 203 words
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Article, Illustration313 2012-06-26 28 MINDY TAN - Project receives encouraging response during preview phase By MINDY TAN THE official launch of Bugis Cube, a 999-year-leasehold development, attracted brisk sales over the weekend, with 77 of the 91 units launched sold. The project drew interest from both retailers and investors,KNIGHT FRANK - 313 words
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Article, Illustration460 2012-06-26 28 Reuters [DUBLIN] Irish house prices posted their first monthly rise since 2007 in May, data showed yesterday, in the latest sign that the market is stabilising after the bursting of an epic property bubble devastated the economy. A stabilisation would easeReuters; BLOOMBERG - 460 words
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1051 2012-06-26 28 Robert J Shiller - Stop wishing for a spontaneous rally in prices to fix things By Robert J Shiller The writer is professor of economics and finance at Yale University NYT [NEW YORK] Imagine that you are watching an outdoor theatre production while sitting on theNYT - 1,051 words
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310 2012-06-26 28 Bloomberg [DUBAI] Home prices and rents in Saudi Arabia’s two largest cities increased during the first quarter amid limited residential supply and an easing in bank lending conditions, Jones Lang LaSalle said. In Riyadh, the kingdom’s capital, villa and apartment prices increasedBloomberg - 310 words
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Article, Illustration411 2012-06-26 29 Country should unify its present array of property related taxes, it adds Reuters [BEIJING] China should raise taxes on home ownership to target speculators who had recently driven property prices to record highs, the State Information Centre, a government think tank, saidReuters; AFP - 411 words
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217 2012-06-26 29 Property investment firm bid 51b yen for former Shinsei HQ Bloomberg [TOKYO] Kenedix Inc, a Japanese real estate investment company, is set to win the bidding for a Tokyo building that a Morgan Stanley real estate fundBloomberg - 217 words
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Article, Illustration535 2012-06-26 29 Bloomberg [BERLIN] The German re-al-estate market, one of the biggest beneficiaries of the European debt crisis, would be hurt by a breakup of the euro, according to billionaire investor Nicolas Berggruen. “Germany has been a safe haven, but if the euro disintegrates, itBloomberg; BLOOMBERG - 535 words
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Page 27 Advertisements
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Advertisement128 2012-06-26 27 if ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Gardens GRACE SIAM 9107 2237 CEA Reg. No. R*****7D ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Gardens EVONNE TAN 9818128 words
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Advertisement82 2012-06-26 27 Y ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Cardens RYNER KOH 9738 7588 CEA Reg. No. R*****7Z Y ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Gardens HENRY LIM82 words
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Advertisement109 2012-06-26 27 PRIME COMMERCIAL CONSERVATION SHOPHOUSES Leasehold 999 years from 1st October 1827 Prominent location good visibility Near Future Telok Ayer MRT Station Total Floor Area: 2,213 sq m 23,820 sq ft (estimated) Ideal as a Corporate Building Possible F&B retail use on ground floor Potential for hotel conversion (subject to authorities'109 words
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Advertisement7 2012-06-26 28 Available at KINOKUNIYA PROLOGUE MPH TIMES DUFRY7 words
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Advertisement12 2012-06-26 28 HOTTEST HITS A SHj HEAR MADONNA HOTTEST HITS ON 31 3FM FM12 words
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Page 29 Advertisements
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Advertisement77 2012-06-26 29 Prime Freehold Medical Suites along Orchard Road, District 9 Strata units from 495 sq ft to 2,056 sq ft approx. Close proximity to prime offices, hotels, residential serviced apartments and private hospitals Convenient access by Orchard MRT station public transport Annalyn Ooi: 9724 3662 6393 2522 (CEA Reg No: R*****6G)77 words
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Advertisement112 2012-06-26 29 BELMONT ROAD Prestige Homespresents GOOD CLASS BUNGALOWS FOR SALE Land Built-up area: Approx. 26,456 sqft 16,000 sqft 5 en-suite bedrooms family room helper’s quarter 2-storey bungalow with attic 20m length pool mixed together with lush landscaped garden Pavilion with large living room and guest room FOR VIEWING APPOINTMENTS, PLEASE CALL112 words
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Advertisement132 2012-06-26 29 FOR RENT mm *8 THE TWILIGHT HOUSE That Conservation Like No Other It looks wonderful at Twilight. It screams romance. Incredibly other-worldly. Welcome to our Twilight House. Just as sensational as that other Twilight and just as world class. If you think outside the box, love the artful and a132 words
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Advertisement103 2012-06-26 29 Dream office, fully equipped, perfect price? A Offices from Yes. $25 I per person per day New centre: R0gUS Tanjong Pagar work your way 77 Robinson Road, #34-00 Robinson 77, Singapore Other locations in Singapore: Asia Square Centennial Tower One Fullerton One Raffles Place Samsung Hub DOB Plaza 1 Centre103 words
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Page 30 Advertisements
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Advertisement30 2012-06-26 30 Invest with fresh funds today and be rewarded. Investment or Insurance Cash Reward Up to SGD 2,000^ Additional Bonus Interest on your Current or Savings Account Up to 0.72%* p.a.30 words
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