The Business Times, 24 January 2013

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Microfilm: NL32354
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, January 24, 2013
    25 words
  • Article
    Lock icon No U-turn as clock ticks for developers
    1070 1  -  Govt stands firm on sell-by deadline for projects with any foreign ownership By MINDY TAN [SINGAPORE] The authorities are standing firm on the rule that all units in projects with any foreign ownership must be sold within two years of the project receiving
    1,070 words
  • Article, Illustration
    Lock icon India will return to 8% growth trajectory: minister
    664 1  -  By VIKRAM KHANNA [SINGAPORE] The dip in India’s economic growth rate is “purely temporary” and growth will return to its potential rate of 8 per cent “within a couple of years”, according to Indian Finance Minister Palaniappan Chidambaram. In an exclusive interview
    PHOTO: ARTHUR LEE  -  664 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,231.23 (+11.37) GST INDEX FUTURES 3,231.00 (+11.00) GSIMSCI 363.48 (+0.70) GSIMSCI FUTURES 363.40 (+0.90) US$ S$ US$ (S$ per US$) 1.228 (US$/S$ per 1.582 1.942 EURO (US$/S$/€) 1.330 1.633 Foreign currency per US$ S$ YEN 88.30 71.90 RM 3.041 2.477 HK$ 7.753 6.316 BAHT 29.82 24.29 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,635.25 +6.59 NIKKEI 225 10,486.99 -222.94 HANG SENG 23,635.10 -23.89 SET INDEX 1,439.20 +5.11 JAKARTA COMP 4,418.73 +2.18 MANILA COMP 6,092.53 -12.37 SEOUL COMP 1,980.41 -16.11 SHENZHEN B 841.99 +18.45 MUMBAI IND 20,026.61 +45.04 11am EST Change DOW 13,764.15 +51.94 NASDAQ 3,152.42 +9.24
      48 words
    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 14.004 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg Source: Bloomberg
      22 words
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      165 1 COMPANIES KepLand’s Q4 profit falls 55.4% COMMENTARY Hope for euro crisis to end in 2013 HOCK LOCK SIEW Greater certainty needed when trading halts are lifted PAGE 11 PROPERTY Drop seen in office space leasing PAGE 32 PAGE 6 PAGE 23 8 *****1 *****4 iHS -j mMwWM '■am. m \:.ii7.:-.
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      586 2 No U-turn as clock ticks for developers SINGAPORE authorities are standing firm on the rule which states that all units in projects with any foreign ownership must be sold within two years of the project receiving its temporary occupation permit, even as developers lobby the government to extend
      586 words
    • Article, Illustration
      Lock icon ABSD hike may see more investing in property SPVs
      606 2  -  It does not apply when buying shares in firms that own real estate By FELDA CHAY [SINGAPORE] The significant jump in the additional buyers’ stamp duty (ABSD) for corporate entities has made it more compelling for them to buy shares in
      FILE PHOTO  -  606 words
    • Article, Illustration
      Lock icon Government dishes out more child, infant care subsidies
      548 2  -  By MALMINDERJIT SINGH [SINGAPORE] Child and infant care services will become more affordable for lower and middle-income families with the launch of an enhanced programme of subsidies. The government announced yesterday that $105 million would go into beefing up aid for such
      548 words
    • Article, Illustration
      Lock icon Consumer prices up 4.3% in Dec, more than expected
      661 2  -  By TEH SHI NING [SINGAPORE] The Monetary Authority of Singapore (MAS) is expected to keep monetary policy tight to fight inflation, as consumer prices rose a faster-than-expected 4.3 per cent in December from a year ago, following two months of moderation.
      Source: Department of Statistics  -  661 words
    • Article
      Lock icon Category E COE premium hits new high
      387 2  -  Cat A and Cat B premiums inch lower to $91,010 and $95,501 respectively By JOYCE HOOI CERTIFICATE of entitlement (COE) premiums eased in the latest round of bidding for Category A and Category B cars, but went on to hit a new high
      387 words
    • Article, Illustration
      Lock icon Koh has the heart to serve people: Halimah
      653 4  -  Workers’ Party has avoided taking a stand on major issues: DPM Teo By LEE U-WEN [SINGAPORE] Members of Parliament here have the responsibility to “do their job vigorously” and pursue issues they are most passionate about, said Speaker of Parliament Halimah Yacob
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  653 words
    • Article
      Lock icon Global CEO poll sees growing list of worries
      577 4 Biggest impact would be from social unrest in host country: PwC survey [SINGAPORE] CEO confidence about business growth prospects is down for a second year worldwide as the global economic outlook remains mired in uncertainty. The list of worries of chief executive
      577 words
    • Article
      Lock icon ‘Li Lian has empathy for layman’s struggles’
      583 4  -  By LEE U-WEN [SINGAPORE] Elections are the only time in Singapore when the voice of a labourer is equal to that of a CEO because both can cast only one vote each, said Workers’ Party (WP) chairman Sylvia Lim at a rally last
      583 words
    • Article, Illustration
      Lock icon Major reforms or we’ll quit EU, threatens Cameron
      803 4  -  By NEIL BEHRMANN in London BRITISH premier David Cameron has warned that unless the European Union (EU) institutes major reforms, the UK public may vote to exit it in a promised referendum. His gamble, coming yesterday in a long-awaited speech, showed just
      PHOTO: BLOOMBERG  -  803 words
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      50 words
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      304 3 THE SCOTTS TOUER k Additional 3% off STUNNING VIEUS. DISTINCTIVE SPACE. IN THE HEART OF ORCHARD ROAD The Scotcs Tower. An address of infinite possibilities. Just a 5-minute walk to Orchard Road. Designed by Ben Van Berkel of world renowned UNStudio. Your investment in a vibrant future. Attractive rental yield
      304 words
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      83 4 v. I CleanTech One kr.^i Space Available at CleanTech Park Singapore’s First Eco Business Park Green Mark Platinum building in a peaceful eco-environment Located at 1. CleanTech Loop (next to NTU) Easy access to PIE Shuttle service to and from Pioneer MRT Station In-house cafeteria Open to tenants conducting business
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      227 5 .y.y IU 1L: 'asssfi T V' > -x m *v- a »>? r BB >-'/. MJ 3s* SSS •;.vm mk -v^f m*. -XV;.' m WV- Hi JSS ■■■i A C *'5% or 4:1. ’Sf S: Ja 9* .^fc 5 wi« r-.s*’ i .:> V y*W:i ■>. -<■ 1 j'.- x.
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon KepLand’s Q4 profit falls 55.4% to $527.3m
      572 6  -  Drop caused by absence of disposal gain and sharp fall in fair value gain By MINDY TAN THE volume of home sales may fall but developers here have holding power, said Keppel Land yesterday, as it announced weaker fourth-quarter and fullyear results. For
      572 words
    • Article
      Lock icon Ascott Residence Trust DPU up 9% for Q4
      453 6  -  By NISHA RAMCHANDANI ASCOTT Residence Trust’s distribution per unit (DPU) for the fiscal fourth quarter rose 9 per cent year-on-year to 2 cents, while unitholders’ distribution increased 10 per cent to $22.8 million. However, DPU in Q4 2011 was lower due to
      453 words
    • Article
      Lock icon New contributions, higher rents boost First Reit’s Q4 DPU
      398 6  -  By CARINE LEE HIGHER rental income and maiden contributions from new properties saw First Real Estate Investment Trust (First Reit) boosting its distribution per unit (DPU) to 1.72 cents for the fiscal fourth quarter ended Dec 31, 2012. While this was
      398 words
    • COMPANY BRIEFS
      • Article
        Lock icon Italian shipbuilder makes bid for STX OSV
        70 6 ITALIAN shipbuilder Fincantieri will be making a mandatory unconditional cash offer for offshore and specialised vessel shipbuilder STX OSV at $1.22 per share. This follows its completion of the acquisition of 50.75 per cent of STX OSV for 455 million euros, also at
        70 words
      • Article
        Lock icon STX plans shift to secondary listing
        46 6 STX Pan Ocean Co Ltd intends to call an extraordinary general meeting to convert its listing status on Singapore Exchange (SGX) from a primary to a secondary one. The bulk shipping company is listed on both SGX and Korea Exchange.
        46 words
      • Article
        Lock icon Innopac ‘not aware’ of price sensitive info
        73 6 INVESTMENT company Innopac Holdings reiterated that it is not aware of any unannounced information that could account for its stock’s activity over the past two weeks. Innopac shares gained 3.5 per cent or 0.7 cents to close at 20.5 cents yesterday. But the
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      • Article
        Lock icon AusGroup unit bags A$20m in further work
        42 6 AUSGROUP’s construction and fabrication subsidiary, AGC Industries Pty Ltd, has been awarded additional fabrication work worth around A$20 million (S$26 million) on a Chevron-operated project, taking the total contract value to more than A$70 million.
        42 words
      • Article
        Lock icon Biosensors $300m note issue oversubcribed
        51 6 MEDICAL devices maker Biosensors International Group has issued $300 million of fixed rate notes due 2017, bearing an interest rate of 4.875 per cent per annum. Demand for the notes was strong, as seen from an oversubscribed order book exceeding $2.5 billion, according to the
        51 words
    • Article, Illustration
      Lock icon CCT optimistic on rentals in 2013-14
      865 8  -  Uptrend likely with average office rents in its portfolio below market levels By KALPANA RASHIWALA AFTER posting a 6.8 per cent year-on-year growth in fourth quarter distribution per unit (DPU) to 2.05 cents, CapitaCommercial Trust (CCT) said it is well-positioned to capture potential rental
      865 words
    • Article
      Lock icon SMX sees 13% rise in turnover in 2012
      287 8  -  Contract value, daily turnover, number of members up too By ANDREA SOH THE Singapore Mercantile Exchange, which launched new black pepper and gold futures contracts last year, recorded 13 per cent growth in annual turnover in 2012. The value of traded contracts
      287 words
    • Article
      Lock icon LionGold reports sales revenue of A$43.4m for 2012
      280 8  -  By TEO SI JIA SINGAPORE-listed LionGold dug up 27,512 ounces of gold from its gold mine in south-eastern Australia for the full year of 2012. Sales revenue from the gold-bearing ores from its underground mine in Ballarat was A$43.4 million (S$56.14 million),
      280 words
    • Article
      Lock icon Greater certainty needed when trading halts are lifted
      716 11  -  HOCK LOCK SIEW By R SIVANITHY ONE of the gripes that dealers have with the handling of trading halts is that there is sometimes insufficient notice given as to when the halt is to be lifted. This is an area which the
      716 words
    • Article, Illustration
      Lock icon OUE pullout leaves Kirin with 2 options
      836 11 Japan brewer may renew talks with Charoen or exit F&N Reuters [HONG KONG/SINGAPORE] Kirin Holdings Co Ltd’s go-abroad strategy to counter slowing growth at home hit a snag when the Japanese brewer lost its chance to boost its share in the world’s fastest-growing
      Reuters; PHOTO: REUTERS  -  836 words
    • Article
      Lock icon SGX shares hit 18-mth high on Q2 results
      238 11 Bloomberg SHARES in Singapore Exchange, operator of South-east Asia’s biggest stock market, jumped to its highest level in more than 18 months after reporting second quarter results that beat analyst estimates. The stock rose 1.2 per cent to $7.63, the highest close
      Bloomberg  -  238 words
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      Lock icon Page 6 Advertisements Column 1
      153 6 Rare Opportunity Melbourne Retail Shops FREEHOLD NT'"i m H j i" N i Full Stamp Duty Rebated Amne A striking design with 87 boutique apartments, specialty retailers facing McDonalds. Top 5 selling suburbs in April 2012. Completed, Immediate Returns. 6% Guaranteed Rental Return for 2 years EXHIBITION SEMINAR SCHEDULE 26
      153 words
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      43 6 Compare latest home loan rates amongst all banks instantly via STProperty.sg Mm n 13 a I b I! ME Mm. mmak Download the STProperty App for iPhone, iPad Android now! At STProperty, your ideal property isn’t hard to find. f STProperty.SG STPropertySG STPROPERTY.sg
      43 words
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      284 7 o H vv 1 I 0 v> S66 BS H vV o o i vV ■5; V v> ss V i •••V s #^1* *a StS I. Hi -'i J* j* LV 1 V k v > y > *s It > s=* A < 1 H r V 'O
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      180 8 One of the reasons to rush home after a hard day’s work, the JBL Synthesis home theatre system. c fulfils a Nothing beats getting home to see the family, enjoy a great meal, sipping a glass of wine, putting your feet up and catching a great movie. Its one of
      180 words
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      130 8 Our Ex diluted Chi MBA. MB og cu ive am is As you weigh the merits of Executive MBA programs, use the right benchmarks. Our program may be concentrated to fit the needs of working professionals, but it’s "pure Chicago” in every way —same world-class faculty, same question-every-answer approach. Find
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      24 9 The One Anticipation Focused on creating sustainable value across Asia Pacific, we are poised to redefine the ultimate standard of elite living in Singapore.
      24 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks continue to rule
      625 10  -  ST Index gains 11 points amid quiet trading, as the market waits for direction from the West STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) rose 11.37 points to 3,231.23 yesterday with most of the activity focused on penny stocks. Turnover amounted to
      Source: Bloomberg  -  625 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 10 Jan 23 VALUE CLOSE BT OB/OS -79.00 -147.00 BT CADI -*****.00 +89.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 797.72 +5.57 FTSE ST Small Cap 556.17 +5.23 FTSE ST All Share 795.26 +3.53 FTSE ST China Top 225.77 +2.64 FTSE ST China 258.73 +3.60 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      51 10 VOLUME YHM 847,341,000 MDR 475,038,000 IPCO Intl 329,067,000 ICP 278,509,000 Xpress 104,248,000 MDR W*****5 61,552,000 UniFiber 58,676,000 Golden Agri 56,082,000 Teledata 51,874,000 SwingMedia 46,830,000 VALUE($) F&N 134,646,960 SingTel 91,102,050 DBS Grp 73,163,015 SGX 46,207,395 CapitaLand 39,098,260 YHM 37,153,331 JSH 36,342,913 Golden Agri 35,068,055 UOB 34,840,950 JMH 33,908,652
      51 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 6 0 0 0 4 7 6 Manufacturing 49 50 41 7 5 12 56 55 53 Commerce 30 15 20 4 2 6 34 17 26 Tpt/Stor/Comms 22 15 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,074 40,074 64,875 64,875 Manufacturing 483,552 345,994 829,546 330,051 2,922 332,973 Commerce 204,277 17,744 222,021 152,799 1,089 153,889 Tpt/Stor/Comms 106,047 18,956 125,003 178,357 6,279 184,635 Finance 65,884 221 66,105 194,136 94 194,230 Construction 475,582 865,440
      121 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      831 10  -  Compiled by LYNN KAN Singapore Exchange Jan 23 close: $7.63 DBS Group Research, Jan 23 SINGAPORE Exchange’s (SGX) open interest and derivatives trading volumes were at a record high in Q2 2013. However, the rise in derivatives revenues was lower than the volume increase, due to the shift
      Source: Bloomberg  -  831 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 10 Stock name Close Change CapMallsAsia 2.160 -0.030 CapitaLand 3.890 +0.020 CapitaMall 2.190 +0.020 CityDev 11.28 +0.140 ComfortDelGro 1.870 +0.020 DBS Grp 14.46 +0.040 F&N 9.550 GLP 2.740 -0.020 Genting SP 1.445 +0.005 Golden Agri 0.625 -0.005 HK Land 7.810 +0.210 IHH Healthcare 1.360 +0.010 JMH 63.50
      112 words
    • Article, Illustration
      Lock icon Yen adds to gains against $; euro firm
      481 10 Yen adds to gains against euro firm CURRENCIES Reuters [LONDON] The yen pushed higher against the US dollar yesterday, extending gains from the previous day, when monetary easing from the Bank of Japan (BOJ) fell short of some expectations for an immediate and more forceful action. The euro rose against
      Reuters; PHOTO: BLOOMBERG  -  481 words
    • Article
      Lock icon RISES
      106 10 BY CENTS CLOSE UP IS S&P500 ***** 221.0 1.2 DBXT AUD Bonds 5AU$ ***** 123.0 0.5 JSH 3876 122.8 2.6 HK Land 781 25.8 2.8 Great Eastern 1643 23.0 1.4 OCBC Bk 5.1%NCPS 100 ***** 19.0 0.2 SGX.ES.1301 765 17.0 2.3 Jardine C&C 4966 16.0 0.3 Hyflux 6% CPS
      106 words
    • Article
      Lock icon FALLS
      126 10 BY CENTS CLOSE DOWN GLD 10US$ ***** -38.1 -0.2 DBXT S&P Short 10US$ 3347 -28.2 -0.7 IS MSCI Spore 1364 -19.6 -1.2 DBXT MSINDO 10us$ 1514 -16.0 -0.9 DBXT CSI300 10US$ 825 -14.7 -1.4 DBXT MSINDIA 10US$ 927 -14.7 -1.3 Asia Pac Brew 5227 -13.0 -0.2 Lyxor China H
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
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      114 11 HOW MANY OF THE TOP FIRMS EMPLOY CERTIFIED FINANCIAL RISK MANAGERS? 25 OUT OF 25 TOP GLOBAL BANKS Source: The Banker, Top 1000 World Banks, 2012. 20 OUT OF 20 TOP GLOBAL ASSET MANAGEMENT FIRMS Source: Pension Investments, The P&I/Towers Watson World 500: World’s largest money managers, October 2012. 4
      114 words
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      406 11 More nimble than large caps, more stable than small caps. Why are U.S. mid caps in the sweet spot for investment? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone 0 0 m 0 Please contact your UBS client advisor, or call
      406 words
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore businesses’ Q1 outlook turns pessimistic: survey
      461 12  -  3 out of 6 indicators sales, profits and inventories swing into minus territory By LEE MEIXIAN BUSINESS owners and senior executives across key industries here are pessimistic about the business outlook for the first quarter of the year, and expect sales, profits and
      461 words
    • Article, Illustration
      Lock icon Citibank launches next-gen ATM
      423 12  -  By VICTORIA HO CITIBANK yesterday rolled out an automated teller machine (ATM) which can perform nearly all bank branch functions, including the opening of accounts and processing of loan applications. The Citibank Express machine, the baby of the bank’s innovation lab here, took four years to
      423 words
    • Article
      Lock icon SMRT sacks three drivers involved in November strike
      319 12 They did not report for work after bail or appear for inquiry SMRT said that it has terminated the employment contracts of He Jun Ling, Gao Yue Qiang, and Liu Xiang Ying. The three, together with Wang Xianjie, are facing criminal charges
      319 words
    • Article
      Lock icon StarHub joins CDL, CapLand in global list
      376 12  -  They are among the 100 most sustainable firms By KENNETH LIM TWO property developers and one telco of Singapore have been ranked among the 100 most sustainable companies in the world by media and research firm Corporate Knights. City Developments (CDL), which was
      376 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon S Iswaran to attend WEF
        85 12 MINISTER in the Prime Minister’s Office S Iswaran will attend the World Economic Forum (WEF) annual meeting in Davos-Klosters, Switzerland from Jan 23-26. At the annual meeting, Mr Iswaran, who is also Second Minister for Home Affairs and Trade and Industry, will be a speaker
        85 words
      • Article
        Lock icon Halimah Yacob is NCCS adviser
        57 12 NEWLY elected Speaker of Parliament Halimah Yacob has been appointed an adviser to the National Council of Social Service (NCSS), following an invitation by the organisation’s president, Hsieh Fu Hua. NCSS, the lead agency for developing the social service sector, is the umbrella body for
        57 words
    • Article, Illustration
      Lock icon Acra CEO to take up newly created Supreme Court job
      225 12  -  She will supervise court’s operations, administration By TEO SI JIA THE newly minted position of chief executive, judiciary administration and operations of the Supreme Court of Singapore will be filled by Juthika Ramanathan, the chief executive of the Accounting and
      225 words
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      25 12 INDIAN REPUBLIC DAY SPECIAL High Commissioner T.C.A. Raghavan on India’s Constitution and major landmarks this year Singaporean’s four-wheel journey to India GET YOUR COPY TOMORROW
      25 words
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      5 12 www.omy.sg BlU**" ifODCAST “*g«” showbiz.omy.sg
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  • MALAYSIA
    • Article
      Lock icon BASF in China JV after Johor deal called off
      398 13  -  New plant to make same product as soured Petronas JV By RONNIE LIM [SINGAPORE] Just two days after pulling out of a joint venture with Petronas to build an anchor specialty chemicals project in Malaysia’s Rapid development, Germany’s BASF said yesterday
      398 words
    • Article
      Lock icon M’sia’s Dec inflation lowest since Feb ’10
      352 13 Analysts don’t see BNM tweaking rates for now Reuters [KUALA LUMPUR] Malaysia’s annual inflation rate slowed to 1.2 per cent in December, the lowest since February 2010, official data showed yesterday, but analysts expect Bank Negara, the country’s central bank, to leave interest
      Reuters  -  352 words
    • Article
      Lock icon Vehicle sales in M’sia top 627,000, a new record
      417 13  -  Strong performance attributed to robust economy, massive marketing campaigns By in S JAYASANKARAN in Kuala Lumpur MALAYSIA’S sales of passenger and commercial vehicles hit a record 627,753 units last year, the Malaysian Automotive Association (MAA) said yesterday. The figure eclipsed the
      417 words
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      117 13 Legend of the Seas 2013 2N MALACCA CRUISE Dep Date Feb 06 Mar 23 Port-of-call: Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Feb 22 Mar 01,08 29 Port-of-call: Singapore, Penang, Port Klang 4N ISLES OF SOUTHEAST ASIA Dep Date Feb 08 25 Mar 04 25 Apr 01 Port-of-call
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      338 13 A once in a lifetime opportunity Photograph taken from development. 1, 2 and 3 bedroom apartments from £875,000 EXHIBITION Exclusive launch of Wessex House Fri 25th– Sun 27thJanuary 2013 11am 7pm St Regis Hotel, Senator Room, 29 Tanglin Road, Singapore, *****1 The Berkeley Group’s One Tower Bridge development is situated
      338 words
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      249 14 The Business Times Now you can read it any way you want. 3* DINING OUT CUSTOMER U-golarian Care SATISFACTION lluil hits all the Service just 01 right spots pact a the equation JP Morgan counts on S-EA to grow rjs ihe Business Time: THE BUSINESS TIMES THE BUSINESS TIMES Smith
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon No mercy will be shown to corrupt officials, says Xi
      486 15 Incoming president steps up campaign to combat graft in party and govt AFP EJ Insight [BEIJING] China’s presi-dent-in-waiting Xi Jinping on Tuesday intensified calls for a crackdown on corruption, saying there would be “no leniency” for party officials whatever their
      AFP; EJ Insight; PHOTO: REUTERS  -  486 words
    • Article
      Lock icon HK gets flak for plan to seclude corporate data
      514 15 Reuters [HONG KONG] Hong Kong has come under fire for a plan to restrict public access to corporate data, with investors and media groups worried it will block early warning of accounting scandals like the one that cost Caterpillar US$580 million.
      Reuters  -  514 words
    • Article, Illustration
      Lock icon India vows fiscal prudence in next budget
      586 15 It plans to stick to deficit target of 4.8%, pledges to deepen policy overhaul Bloomberg [NEW DELHI] India’s finance minister said fiscal prudence will be a key budget theme next month and pledged to deepen an economicpolicy overhaul by implementing a goods and
      Bloomberg  -  586 words
    • Article
      Lock icon China’s unmanned vehicle
      170 15 AFP [BEIJING] The Chinese army is developing an unmanned road vehicle, official military media reported yesterday, adding that it could be put to civilian use to reduce fatigue at the wheel and allow drivers to “sleep in peace”. The Fierce Lion 3 is fitted with a sophisticated
      AFP  -  170 words
    • Article
      Lock icon China to cut bank card charges for businesses
      373 15  -  By YONNEX LI EJ Insight [HONG KONG] China will cut bank card charges for businesses, ranging from retailers to property developers, in its latest bid to relieve corporate burdens and boost consumption. The move will take effect from Feb 25 as part
      EJ Insight  -  373 words
    • Article
      Lock icon Leading index points to limited growth rebound in China
      289 15 Bloomberg [BEIJING] A leading index for China’s economy rose at a slower pace in December on sluggish real estate and export markets, signalling the nation’s growth rebound may be limited. The gauge increased 0.4 per cent from November to 251.1, the
      Bloomberg  -  289 words
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      50 15 NATIONAL ARTS COUNCIL SINGAPORE PATRON OFTHEARTS Join the ranks of esteemed individuals and leading organisations that will be recognised at Singapore's most prestigious arts awards Patron of the Arts Awards 2013 Do not miss this opportunity to celebrate your valuable contributions to the arts in Singapore. For nominations, visit www.nac.gov.sg/PatronOfTheArts
      50 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie inflation edges up just 0.2% in Q4
      634 16 It’s big improvement from the 1.4% jump in Q3; A$ dips after price index report Reuters [SYDNEY] Australian consumer price inflation was unexpectedly benign last quarter thanks to falls in food, electronics and drugs, suggesting there was still plenty of scope for
      Reuters; THE STRAITS TIMES FILE PHOTO  -  634 words
    • Article, Illustration
      Lock icon ‘Darkest clouds’ over eurozone subsided: ECB
      457 16 Good progress made in 2012 with decisive policies, says Draghi Bloomberg [FRANKFURT] European Central Bank (ECB) president Mario Draghi suggests the worst of the sovereign debt crisis may be over, saying the “darkest clouds” over the euro area have receded due to decisive policy
      Bloomberg; PHOTO: BLOOMBERG  -  457 words
  • Page 16 Advertisements
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      89 16 STPROPERTY.SG WITH Agents get W m S3®* worth of advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 March 2013 to be one of our 8 lucky winners! 1 0 0 0 *Terms conditions apply.
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      10 16 Hope for euro crisis to end in 2013, Page 23
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  • Page 17 Advertisements
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      2369 17 Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2012 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the full year ended 31 December 2012: Fourth Quarter Full Year
      2,369 words
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  • FOCUS: WORLD ECONOMIC FORUM
    • Article, Illustration
      Lock icon Leaders concerned about glut of easy money
      780 18 Purists worry that central banks are losing their independence Reuters [DAVOS, Switzerland] The world is awash in easy money, with consequences that are starting to worry some central bankers and business leaders at the Davos World Economic Forum (WEF), though so far inflation
      Reuters; PHOTO: BLOOMBERG  -  780 words
    • Article
      Lock icon Pressure on central banks could lead to currency war: official
      615 18 Reuters [FRANKFURT] Loading central banks with more tasks and pressing them to pursue more aggressive monetary policies could risk a round of competitive devaluations, European Central Bank (ECB) policymaker Jens Weidmann said on Monday, citing pressure on the Bank of
      Reuters  -  615 words
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      46 18 www.stjobs.sg IT Security Manager .P II o o o k I_C 1 22 •r" 7 .FT;/. ET J aiex Across Resume Scan Make use of our smart CV system to produce a ready-for-use resume in seconds! Access useful tools Find Career Resources useful articles. media group.
      46 words
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  • Page 19 Advertisements
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      272 19 'J A "1 my 'fTOWjii >*• I® gt f-!® 4&f. k'v a i *> > A.V. :> < .vtflSR.' n /i M m •'••r /TO ,1 .v. H 54 Li 11 ■6SHH iiw son i 3 HH 111 N >fi fv I Vj -jA„.-, X*' sWVJ .V‘,IA SSfeiteil*; as i;
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  • WORLD
    • Article
      Lock icon IMF trims forecast for world economic growth
      349 20  -  By ANTHONY ROWLEY in Tokyo THE International Monetary Fund (IMF) yesterday scaled back slightly its earlier forecast for global economic growth in 2013 but nevertheless presented a fairly benign outlook for the year in the light of receding crisis threats in various part
      349 words
    • Article
      Lock icon Bank of Spain report says recession deepened in Q4
      561 20 GDP falls for a sixth quarter, contracting 0.6% from previous three months Bloomberg [MADRID] Spain’s recession deepened in the last quarter of 2012 after Prime Minister Mariano Rajoy’s government approved its fifth austerity package in a year to reduce the secondlargest
      Bloomberg  -  561 words
    • Article
      Lock icon Google’s 2012 revenue hits record high of US$50b, profits also up
      688 20 The Internet giant is also expanding their hardware footprint AFP [SAN FRANCISCO] Google reported on Tuesday that its profit climbed and its annual revenue hit an unprecedented high last year as it evolved to stay in tune with people
      AFP  -  688 words
    • Article, Illustration
      Lock icon Novartis cuts CEO salary ahead of pay vote
      472 20 Reu ters [ZURICH] Novartis cut pay for chief executive Joe Jimenez by 16 per cent last year ahead of a referendum which could force companies to accept any limits shareholders place on executive rewards. The Swiss will vote on March 3 on
      Reuters; PHOTO: AP  -  472 words
    • Article
      Lock icon Microsoft in talks to help Dell go private
      358 20 NYT [NEW YORK] The effort to take Dell private has gained a prominent, if unusual, backer: Microsoft. The software giant is in talks to help finance a takeover bid for Dell that would exceed US$20 billion, a person briefed on the matter
      NYT  -  358 words
    • Article
      Lock icon Markets snub Abe’s ‘epoch-making’ plan
      630 21  -  Nikkei slides 2% as yen climbs; investors doubt BOJ measures will succeed By in ANTHONY ROWLEY in Tokyo FINANCIAL markets delivered a thumbs-down verdict yesterday on what Japanese Prime Minister Shinzo Abe had claimed a day earlier was an “epoch-mak-ing” accord between his government and
      630 words
    • Article, Illustration
      Lock icon World Bank ready to give loans to Viet banks
      481 21 Bloomberg [HO CHI MINH CITY] The World Bank said it is open to a new loan that may provide support for a potential recapitalisation of Vietnamese banks, which are struggling with rising levels of bad debt that have slowed credit growth.
      Bloomberg; PHOTO: REUTERS  -  481 words
    • Article
      Lock icon BOE policymakers not keen on more quantitative easing
      473 21 Programme of asset purchases unlikely to be restarted Reuters [LONDON] Bank of England (BOE) policymakers have growing doubts about the value of restarting the central bank’s programme of asset purchases, minutes of the central bank’s Jan 9-10 policy meeting showed yesterday. While
      Reuters  -  473 words
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      1457 20 WATS NOTICES AC Quant societe d'investissement a capital variable Registered office: 5, Heienhaff, L-l736 Senningerberg Grand Duchy of Luxemburg R.C.S. Luxembourg B *****3 The shareholders of AC Quant, an investment company under the law of the Grand Duchy of Luxembourg (societe d'investissement a capital variable), are hereby informed of the
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  • EDITORIAL & OPINION
    • Article
      Lock icon Grappling with the fertility challenge
      521 22 EDITORIAL IN recent days, the government has come up with substantive initiatives to arrest Singapore’s low fertility rate. The rationale is well founded and well known. Singapore’s population growth has been dwindling a phenomenon that can potentially have dire consequences for the Republic’s productive capacity
      521 words
    • Article, Illustration
      Lock icon Obama’s pragmatism is the right prescription
      820 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent ONE school of thought in organisational theory suggests that firms, bureaucracies and even states and political parties that compete with each over a long time tend to imitate each other’s conduct and, at some point, begin to
      820 words
    • Article, Illustration
      Lock icon Meeting the mobile banking challenge
      1052 22  -  There is no easy path to being the mobile banking leader in the Asia-Pacific region By NICHOLAS EVANS The writer is financial services partner, CTPartners, Singapore, an executive search firm THE Asia Pacific has the potential to be the world’s largest mobile business market and
      PHOTO: AFP  -  1,052 words
    • Article, Illustration
      Lock icon Hope for euro crisis to end in 2013
      1265 23  -  Among measures that must be adopted are making sustained real growth No 1 priority and stopping austerity policies By CHARLES WYPLOSZ The author is professor of international economics, Graduate Institute, Geneva. This article was sourced from VoxEU.org, a Web portal that features
      PHOTO: AFP  -  1,265 words
    • Article, Illustration
      Lock icon A breach in the eurozone dike
      870 23  -  By ASHOKA MODY The writer, a former mission chief for Germany and Ireland at the International Monetary Fund, is currently Visiting Professor of International Economic Policy at the Woodrow Wilson School of Public and International Affairs, Princeton University Project Syndicate WHILE all eyes have
      Project Syndicate; PHOTO:REUTERS  -  870 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon German group forced to sell vessels as revamp fails
      384 24 Reuters [FRANKFURT] Fourteen container vessels managed by German shipping group Claus-Peter Offen will be sold in a fire sale because their income is no longer enough to service the loans. “The owners are being asked to agree to a sale by
      Reuters  -  384 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 24 SGX '000 Jan 23 S$ +/-Vol CH Offshore 0.50 0.01 101 Chuan Hup Hldg 0.27 0.01 673 Cosco Corp 0.96 0.01 6236 CWT Ltd Ezra Hldgs 1.19 0.04 9253 First Ship Lea 0 50 Freight Links 101 Grand Banks unch unch 0 Jaya Hold Ltd 0.70 0.01 1918
      238 words
    • Article, Illustration
      Lock icon FAA’s approval of 787 battery under scrutiny
      874 24 Okay given under special conditions, citing battery’s four layers of protection Reuters [SEATTLE] In 2007, US regulators cleared Boeing’s use of a highly flammable battery in the 787 Dreamliner, deciding it was safe to let the lithium ion battery burn out if it
      Reuters; PHOTOS: AP, BLOOMBERG  -  874 words
    • Article, Illustration
      Lock icon Don’t hold back planes, ILFC warns India
      699 24 Reuters [DUBLIN] One of the world’s largest leasing firms has warned India that the failure of troubled carriers like Kingfisher Airlines to return airplanes when they cannot pay their bills could put the country’s aviation growth at risk by scaring away new funding.
      Reuters; PHOTO: REUTERS  -  699 words
    • Article
      Lock icon Supertanker glut drives down freight rate
      446 24 VLCC returns fall to US$3,997 daily from US$8,994 on Mon Bloomberg [LONDON] The glut of supertankers competing for two million barrel cargoes of Persian Gulf oil expanded to the highest in more than four months, driving freight rates to this year’s lowest level as
      Bloomberg  -  446 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      375 24 CRYPTIC CROSSWORD Across 1 Dramatist taking care of orphan maybe after Christmas (4,6) 6 Unwanted message quietly received by pianist in film (4) 9 As we rather suspect, it’s a bird (10) 10 Restriction Father Christmas’s helpers reduced by half (4) 12 Christmas cards? Mum has one left (4) 13
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  • Article
    Lock icon SHIPPING TIMES
    1565 25 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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  • Page 25 Advertisements
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      39 25 PLACE YOUR AD HERE The Business Times Shippin CALL JOE WO IN g Times IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
      39 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3257 26 Transaction date: Jan 23 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 159.5 98.5 AIMSAMPIReit 157.5 unch 682 158.5 157
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    • Article
      Lock icon SGX CATALIST
      200 27 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 4.6 1.3 t Advanced System 1.7 unch 421 1.7 1.7 1.7 1.8 25.3 Vol Cooo) Day High Low Last Quote Buyer
      200 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10488 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.38/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond American Opp Asian local Ccy SD Bond 0.7879/ EM Local Ccy Bond Asian Smaller
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    • Article
      Lock icon GLOBALQUOTE
      262 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A40 +2 17 40 36.5 34.5 38.5 3.6 8.8 3.2 104.2 43.5 30 Genting HK US$ US43 unch ***** 43.5 42.5 42.5 43 2831.3
      262 words
    • Article
      Lock icon SGX ETF
      924 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 120 +1 1 120 120 118 120 547.8 134.1 120.4 CIMB APAC Div 100S$D 134.1 135 135.8 111.7 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      626 28 Jan 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.60 *****.09 *****.99 Mar13 *****.00 *****.00 *****.00 *****.00 *****2 *****0 Jun13 *****.00 *****.00 *****.00 *****.00 60 2744 MSCI TAIWAN INDEX FUTURES SPOT 279.09 279.22 277.16 Jan13 278.80 280.00 277.00 277.50 ***** *****8 Feb13 278.70
      626 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 22 Index Change Change Change Change Change Change World Preliminary 977.1 -0.2 4.1 -0.1 4.3 0.0 3.8 EAFE Preliminary 807.5 -0.2 4.2 0.0 4.0 0.1 3.4 Europe Preliminary 1197.2 -0.3 4.4
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      95 28 As on 22 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1695.60 1686.70 1693.40 INDIA GOLD (E-GOLD) FUT FEB2013 574.20 571.45 572.45 CURRENCY EUR-USD FUT MAR2013 1.3363 1.3292 1.3320 BASE METAL COPPER FUT MAR2013 8148 8116 8170 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 28 Jan 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1451.75 1429.25 1460.75 1436.00 May 13 1439.25 1416.75 1446.75 1424.00 Jul 13 1430.75 1410.00 1438.75 1417.50 Aug 13 1404.75 1385.00 1411.75 1389.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 52.43
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Jan 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.18 0.38 WTI (Near Mth) 96.07 0.71 Dubai (1-Mth F) 107.61 0.42 Tapis blend 118.01 -0.08 Minas 114.61 -0.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106 0.01 Jet Kerosene 128.76 0.53 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jan 23 S$ Bid Offer 1-month 1.2276 1.2278 2-months 1.2276 1.2278 3-months 1.2276 1.2278 6-months 1.2275 1.2277 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 28 Jan 22 Jan 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2038.50 2004.00 3 months 2075.50 2040.50 Copper, Grade A(US$/tonne) Cash 8102.50 8027.00 3 months 8133.00 8055.00 Lead(US$/tonne) Cash 2315.00 2296.50 3 months 2325.00 2300.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • Article
      Lock icon LIFFE
      80 28 Jan 22 COCOA (£/tonne) Close Prev High/Low Mar 13 1443 1483 1485/1440 May 13 1448 1480 1482/1445 Jul 13 1456 1485 1487/1453 Sep 13 1463 1491 1492/1460 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1988 2020 2029/2000 Mar 13 1938 1970 1980/1933 May 13 1955 1985 1995/1949 Jul 13 1967
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      854 28 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 1 146 724 4.55 16 Conv Asiatravel.com HoldingsW*****7 5 0.2 204 1 25 18 Asiatravel.com HoldingsW*****5 5 0.4 408 1 27 42 BakerTech W*****5 Prem Best World
      854 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Jan 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.047 6.561 0.793 8.181 56.772 101.875 0.932 11.253 3.208 1.253 103.046 42.855 1.295 9.377 0.981 30.597 31.465 0.667 1.055 Canada 0.955 6.269
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    • Article
      Lock icon SIBOR
      64 28 Jan 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      135 28 GOLD(US$/oz) Jan 22 Jan 23 Hong Kong 1701.00 1701.00 Jan 21 Jan 22 London 1689.48 1692.46 1690.42 1693.23 Source: Thomson Reuters CAST BAR Jan 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 67 5gm 427 334 10gm 762 669 20gm 1435
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Jan 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 25-Apr-13 0.23 6-Month BS*****F 25-Jul-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.85 5-Year N*****0Z 2.375 01-Apr-17 108.47
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    • Article
      Lock icon PALM OIL
      58 28 Jan 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2410.0 2412.0 2418.0 2390.0 439 6873 Mar 13 2439.0 2444.0 2459.0 2426.0 6348 ***** Apr 13 2463.0 2465.0 2488.0 2450.0 ***** ***** May 13 2487.0 2487.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Jan 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2949 1.2957 1.0549 1.0554 Canadian dollar 1.2371 1.2381 1.0085 1.0079 Euro 1.6325 1.6328 1.3299 1.3300 NZ dollar 1.0333 1.0341 0.8418 0.8423 Sterling pound 1.9418 1.9425 1.5819 1.5822
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Jan 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.263 Can dollar 1.266 1.206 Euro 1.672 1.593 Sterling pound 1.980 1.904 NZ dollar 1.067 1.007 US dollar 1.251 1.192 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 28 Jan 23 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
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  • PROPERTY
    • Article, Illustration
      Lock icon Toll to develop high-end college dormitories
      687 29 Amenities include a bathroom for every resident, movie rooms and gyms Bloomberg [LOS ANGELES] Toll Brothers Inc, the largest US luxury-home builder, is beginning development of high-end college dormitories, according to chief executive officer Douglas Yearley Jr. The dorms will be off campus, starting
      Bloomberg; PHOTO: BLOOMBERG  -  687 words
    • Article
      Lock icon Househunt
      494 29 PROPERTY TRANSACTIONS FOR DISTRICTS 5 TO 28 WITH CONTRACT DATES BETWEEN DEC 26, 2012 AND JAN 1, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 LANDED Faber Hills X-Det 28/12/2012 FH 8375 8880 1060 NON-LANDED Viva Vista
      494 words
    • Article, Illustration
      Lock icon Empire State Building stands out in new colourful splendour
      851 29 AFP [NEW YORK] When owner Anthony Malkin found his Empire State Building’s dominance of the New York skyline under attack, he turned to Hong Kong for an idea that could dazzle any rival into submission: light. The 1,200 newly installed lamps
      AFP; PHOTO: REUTERS  -  851 words
    • Article
      Lock icon Empire State investors to vote on IPO
      412 29 Reuters [NEW YORK] The company that controls the Empire State Building has asked investors to approve a key step in selling the iconic New York skyscraper to the broader public in an initial offering. Malkin Holdings LLC, which manages the building, is asking
      Reuters  -  412 words
    • Article, Illustration
      Lock icon New York stalls in housing rebound
      1592 30 Foreclosure process protects defaulters but lenders become unwilling to lend Bloomberg [BOSTON] New Yorkers Paul and Angelica Kashman, declared in default on their mortgage in July 2010 and foreclosed on by Wells Fargo Co in February 2011, say they aren’t deadbeats. “We always knew
      Bloomberg; PHOTO: BLOOMBERG  -  1,592 words
    • Article, Illustration
      Lock icon Towering symbol of Las Vegas’ overconfidence
      1094 31 NYT [LAS VEGAS] It turns out there is something more complicated than shoehorning a sevenbuilding, 17-million-square-foot, US$8.5 billion complex of hotels, casinos, high-end shops and luxury condominiums known as CityCenter into the bustling heart of the Las Vegas Strip. Tearing part of it down.
      NYT; PHOTO: BLOOMBERG  -  1,094 words
    • Article, Illustration
      Lock icon Drop seen in office space leasing, majority looking for smaller units
      440 32  -  Not all gloom and doom; market has likely bottomed out, says Knight Frank By ONG CHOR HAO OFFICE leasing activity should slow in the coming six months, with demand to be dominated by tenants with smaller space requirements. Knight
      Source: Knight Frank Research  -  440 words
    • Article, Illustration
      Lock icon 21 Anderson put up for sale for $250-260m
      338 32  -  By MINDY TAN 21 ANDERSON, Royal Oak Residence, a freehold residential property within the Ardmore Park vicinity is up for sale, with an indicative pricing of $250-260 million. The 10-storey freehold residential development comprises 34 units with a strata area of 85,552
      338 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      61 29 CENTER Launching Soon! Register Now. Strata Office Medical Suites at Robinson Road For more information, please contact Agnes Tay 9636 1173 (CEAReg. No. R*****7F) or Sergina Ng 9023 2147 (cea Reg. No. R*****2G) Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in
      61 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      479 30 m\\ Jones Lang yjj) LaSalle Real value in a changing world FOR SALE BY EXPRESSION OF INTEREST Rare 100% Freehold Ownership Opportunity off Ardmore Park (D10) Land Area 49,048 sf; Full Amenities 34 Luxurious Units over 85,552 sf Near 100% Occupancy with Rental Income Approved for Serviced Apartments EOI Closing
      479 words
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      Lock icon Page 30 Advertisements Column 2
      235 30 Chee Hoon Avenue Unique selling points: 8 Land Size: 1,410.6 sq m 15,184 sq ft (Approx.) Quiet and desirable GCB neighbourhood; Easily accessible via Adam Rd, Lornie Rd, Dunearn Rd; Conveniently accessible to major expressways like PIE, CTE andAYE; Auspicious house number; Regular and elevated GCB land parcel; Walking distance
      235 words
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      Lock icon Page 30 Advertisements Column 3
      19 30 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES CLA/FEB11/g
      19 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      231 31 THINKING OF INVESTING IN PERTH, WESTERN AUSTRALIA? Don't miss this informative seminar with panel of 4 experts from Perth to address all your concerns Perth’s properties outlook for Y2013 by John Rolston, Aalto Property What you need to know when you let out your property by Jean Lopez, Legends Realty
      231 words
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      Lock icon Page 31 Advertisements Column 2
      504 31 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
      504 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      350 32 LONDON W 1 FITZROYIA PORTFOLIO Sat 26th Sun 27th January 11am 7pm Hilton Singapore 5/F, Thailand Singapore Rooms, 581 Orchard Road, Singapore *****3 V Vv, tot m W nj ffi tsi 1 ‘I® 5 I tJk 1 4: Hi .-n>Thi HI f/Jme/eX'S' f/ie^tx/e/ice Renovation of 15 apartments in three Located
      350 words