The Business Times, 14 February 2013

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Microfilm: NL32491
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, February 14, 2013
    25 words
  • Article, Illustration
    Lock icon Obama reignites economic agenda with a flourish
    824 1  -  He wants to raise US minimum wage, create jobs, plug tax loopholes for large corporations and ramp up spending on infrastructure By in LEON HADAR in Washington FOCUSING on America’s fragile economy and on the need to create new jobs, President Barack Obama
    PHOTO: BLOOMBERG  -  824 words
  • Article, Illustration
    Lock icon Montefiore rings off from telco scene with big smile
    991 1  -  He has seen S’pore’s telco landscape evolve and has much to crow about By JOYCE HOOI [SINGAPORE] In a phone conversation with The Business Times yesterday, Neil Montefiore is laughing when he is not chortling. There is plenty for StarHub’s CEO
    991 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,301.04 (+30.74) GST INDEX FUTURES 3,301.00 (+30.00) GSIMSCI 372.85 (+3.01) GSIMSCI FUTURES 373.00 (+3.10) US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.565 1.937 EURO (US$/S$/€) 1.346 1.666 Foreign currency per US$ S$ YEN 93.20 75.30 RM 3.094 2.500 HK$ 7.755 6.268 BAHT 29.81 24.09 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Wednesday Change KL COMP 1,631.16 +7.36 NIKKEI 225 11,251.41 -117.71 HANG SENG Closed SET INDEX 1,514.11 +25.16 JAKARTA COMP 4,571.57 +23.32 MANILA COMP 6,527.99 +68.06 SEOUL COMP 1,976.07 +30.28 SHENZHEN B Closed MUMBAI IND 19,608.08 +47.04 11am EST Change DOW 13,994.08 -24.62 NASDAQ 3,202.60 +16.11
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6 55 HONG KONG 5.00 INDONESIA 13.250 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      559 2 Obama reignites economic agenda with a flourish FOCUSING on America’s fragile economy and on the need to create jobs, President Barack Obama urged lawmakers to approve legislation to invest in projects to boost the economy, including infrastructure, research and education. FRONT PAGE Montefiore rings off from telco scene
      559 words
    • Article, Illustration
      Lock icon Peugeot lays out plans to return to profit
      680 2 Upscale shift of its main brand, GM alliance add to effects of cost cuts Bloomberg [PARIS] PSA Peugeot Citroen, Europe’s second-biggest carmaker, laid out plans to return to profit as an upscale shift of its main brand and cooperation with General Motors
      Bloomberg; PHOTOS: REUTERS  -  680 words
    • Article
      Lock icon Jakarta reveals US$200b ‘opportunity’ for investors
      870 2  -  It seeks private infrastructure backing to reverse legacy of flops By JEFFREY HUTTON in Jakarta AS flooding in Jakarta highlights the dismal state of Indonesia’s infrastructure, a potential US$200 billion pipeline of power plants, water systems and toll roads presents “huge opportunities” for the
      870 words
    • Article
      Lock icon Why India’s economy is in a rut
      832 2 Weak investment has firms running well below capacity Reuters [BALLABGARH, India] Being a big wheel in the earth-mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change
      Reuters  -  832 words
    • Article
      Lock icon M’sian bond market shifts into fast gear
      520 4  -  Issuance last year hit RM124b, 73% more than in 2011, as Sukuk bonds make up 79% By PAULINE Kuala PAULINE NG in Kuala Lumpur MALAYSIA’S corporate bond market may have been overshadowed by large initial public offerings (IPOs) last year, but such bonds
      520 words
    • Article, Illustration
      Lock icon Capital flows into emerging economies to rise, says IIF study
      742 4  -  Monetary policies of mature markets helping to drive flow By DIVYA NAIR [SINGAPORE] The holiday season is behind us, but there is enough reason for emerging market (EM) economies to stay jolly: capital flows into such economies are set for
      PHOTO: AP  -  742 words
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      140 3 PA N R A C O M 4 m* SS r RADIOMIR t PA rxj r r 9 V i 5 DAYS 8 ■7 *<V'V ft •v I > E v S'* 'I m fc n i 4 L •we izskm t&Li a* 4 -awr s Hr .i sfc A
      140 words
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      551 4 Moving Your Business Communication One Step Closer to Success Who should attend: Marketing PR Consultants, Senior and Middle Management, General Management, Sales Business Development Managers and Customer Service Personnel Supervisors. 2013 FEBRUARY SERIES &L r/AN J r i'j. affiiBa Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media
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      237 5 www.vw. com. sg Now you can drive an executive sedan for only $1,088 per month i; c ■> H m Si S=U*UIO MED A 0 ’HONE li w FONE SETUP mmm Reverse camera V x 12 1 J H W Sis nVff AUTO L H SYNC ’ASSENGER AIR BAG The
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  • COMPANY NEWS
    • Article
      Lock icon STX OSV offer closes on March 13
      427 6  -  Fincantieri Oil and Gas won’t extend unconditional cash offer past deadline By LYNN KAN THE mandatory unconditional cash offer for the rest of Singapore-listed STX OSV that Fincantieri Oil and Gas does not own will close on March 13 at 5.30pm. The subsidiary
      427 words
    • Article, Illustration
      Lock icon Eu Yan Sang to add its herbs to Western health supplements
      793 6 Bloomberg EU YAN Sang International Ltd, the largest seller of traditional Chinese medicine in Asia outside of China, plans to add its signature herbs to Western health supplements such as vitamins to broaden its customer base. The century-old Singa-pore-based
      Bloomberg; PHOTO: BLOOMBERG  -  793 words
    • Article, Illustration
      Lock icon Temasek now tops Olam shareholders
      539 9  -  Analysts not surprised after Temasek’s steady accumulation By ANDREA SOH IT’S NO surprise, really. That sums up the reaction of analysts to Temasek Holdings becoming the largest shareholder of Olam International. The sovereign investment firm last Friday added a further 0.01 per cent, or 150,000
      PHOTO: BLOOMBERG  -  539 words
    • Article
      Lock icon Religare’s DPU of 1.66 cents higher than expected
      356 9  -  By NISHA RAMCHANDANI RELIGARE Health Trust (RHT) has registered a distribution per unit (DPU) of 1.66 cents for the period spanning Oct 19, 2012, to Dec 31, 2012, higher than the projected DPU of 1.63 cents. There is no corresponding year-on-year data
      356 words
    • Article
      Lock icon Norwegian Cruise Line posts income of US$173m in '12
      508 9  -  By MINDY TAN MAINBOARD-LISTED Genting Hong Kong said yesterday that its subsidiary, Norwegian Cruise Line, has reported a full-year net income of US$173.1 million for 2012, compared to a net income of US$126.9 million a year ago. Revenue for the full
      508 words
    • Article
      Lock icon Boustead net up fivefold in Q3
      365 10  -  Strong showing by business units, asset sale and tax refund boost net profit to $26.2m By VEN SREENIVASAN DIVERSIFIED engineering conglomerate Boustead Singapore enjoyed a fivefold surge in profit in its third quarter, thanks to strong performances by all its business units, sales of
      365 words
    • Article, Illustration
      Lock icon Merlin Diamonds CEO eyes bigger stake in Innopac
      629 10  -  Joseph Gutnick intends to continue buying firm’s shares By MARIA MALA YOGALINGAM MERLIN Diamonds chairman and CEO Joseph Gutnick is looking to buy more shares in Innopac Holdings, even after recently boosting his stake. He had increased his stake in the Singapore
      PHOTO: ARTHUR LEE  -  629 words
    • Article
      Lock icon 2 of Scintronix’s 3 claims against ex-CEO held
      458 10  -  Damages claimed by the plastics firm are still being assessed By TEO SI JIA TWO of three claims levelled against the former chief executive officer of TTL Holdings, Ho Kang Peng, by the plastics manufacturing company now known as Scintronix were held.
      458 words
    • Article
      Lock icon ICE may face tough competition from SGX in iron ore swaps launch
      610 10 Reuters [NEWYORK/SINGAPORE] IntercontinentalExchange Inc may struggle to wrest much business from Asian rival Singapore Exchange as US-based ICE embarks on its latest push into the lucrative, 115 million tonne market for iron ore swaps. More than three years
      Reuters  -  610 words
    • COMPANY BRIEFS
      • Article
        Lock icon Memtech warns of 2012 loss
        141 10 MEMTECH International Ltd warned yesterday that it was likely to report a financial loss for the year ended Dec 31, 2012. This was due mainly to lower demand for mobile phone keypads and an impairment charge on fixed assets pertaining to the touch-screen operation, said
        141 words
      • Article
        Lock icon ST Kinetics appoints Tata Int’l as distributor
        72 10 ST KINETICS, the land systems arm of ST Engineering, yesterday named Tata International as the distributor for two of its brands of heavy construction and road construction equipment in Africa. Tata International, the global trading arm of India’s Tata group, will also provide
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      • Article
        Lock icon Great Group expects to post Q4 2012 loss
        77 10 GREAT Group Holdings said yesterday that it expects to report a loss for the fourth quarter of 2012 and the full year ended Dec 31. This is largely attributable to lower revenues and gross margin resulting from weaker demand in Europe and
        77 words
      • Article
        Lock icon Metech reverses loss with $2.7m Q2 profit
        84 10 METECH International posted net profit of $2.68 million in the second quarter of FY2013, reversing a loss of $1.02 million the previous year. For the half year ended December, net profit was $1.9 million, reversing a loss of $1.75 million. Revenue for the
        84 words
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      72 6 i ,y-asGn'ft--'t a M r M S8P I ST FM SfeHSK w/-4U y c as <■*/ ftfl 'at,, f' ss ii Escape the hustle and bustle for an unforgettable Valentine's night out. Tune in to Kiss92 for your Girls' Night Out! Partner: g a de enasia DOWNLOAD THE KISS92 MOBILE
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      530 7 experience Advertising Feature 2011 A 2012 s 2r Conde Nost Traveler Readers' Choice Awards it 8 5- /'W V I I /> > M ■■fQ. V;f <# -M *v m *o ■w > m Ml -sK r-A V ss$ is*3 Rff #4VA mmm h; ?sy ■V. I A P V,
      530 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny trading surges to fever pitch
      608 8  -  Market turnover hits 8.2 billion units worth $1.8 billion, as ST Index leaps 30.7 points STOCKS R SIVANITHY Senior Correspondent Trading in low-priced speculatives reached frenzied levels yesterday as 8.2 billion units worth $1.8 billion were traded. The Straits Times Index (STI) jumped 30.74
      Source: Bloomberg  -  608 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      79 8 Feb 13 VALUE CLOSE BT oe/os 215.00 4-36.00 BT CADI -*****.00 +220.00 BT 10-day MA -***** 00 +22.00 FTSE ST Mid Cap 814.89 +5.22 FTSE ST Small Cap 575,25 +4.59 FTSE ST All Share 812.95 +7.10 FTSE ST China Top 231.00 +2 65 FTSE ST China 265
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME Magnus 733,495,000 CarrierNet 682,684,000 WE Hldgs 409,380,000 Ntegrator 383,410,000 LH Grp 345,960,000 NexGenSCom 337,701,000 IPCO Intl 279,444,000 Annica 252,102,000 ChinaACorp 238,726,000 YHM 232,988,000 VALUE($) SingTel 95,677,280 Genting SP 79,749,260 UOB 64,343,774 DBS Grp 60,718,510 Sky One 55,867,075 WE Hldgs 52,758,357 Ntegrator 49,192,457 Magnus 42,699,588 GLP 41,218,362
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 4 0 0 0 9 2 4 Manufacturing 79 32 35 22 5 2 101 37 37 Commerce 38 20 10 10 3 1 48 23 11 Tpt/Stor/Comms 23 14 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 251,466 251,466 65,087 65,087 Manufacturing 1,090,727 1,809,893 2,900,620 233,493 41,445 274,938 Commerce 610,015 566,764 1,176,779 143,574 61,695 205,269 Tpt/Stor/Comms 127,387 127,460 254,847 201,087 56,038 257,125 Finance 88,373 263 88,636 201,078 114 201,192 Construction 497,818 235,147
      123 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      774 8  -  Compiled by LYNN KAN ComfortDelGro Feb 13 close: $1.90 DBS Group Research, Feb 13 Q4 2012 net profit increased by 2 per cent y-o-y to $57.6 million, ending FY2012 at a record profit of $248.9 million (up 6 per cent y-o-y), within our forecasts ($248 million). Q4 revenue
      Source: Bloomberg  -  774 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Change CapMallsAsia 2.150 +0.050 CapitaLand 3.890 +0.030 CapitaMall 2.150 +0.020 CityDev 11.47 +0.010 ComfortDelGro 1.900 -0.005 DBS Grp 15.10 +0.120 F&N 9.450 +0.010 GLP 2.690 +0.050 Genting SP 1.625 +0.025 Golden Agri 0.640 +0.005 HK Land 8.050 +0.260 IHH Healthcare 1.325 +0.010 JMH
      115 words
    • Article, Illustration
      Lock icon Yen falls after BOE chief’s comments
      498 8 CURRENCIES Bloomberg [LONDON] The yen yesterday approached the weakest level since May 2010 against the US dollar after Bank of England (BOE) governor Mervyn King said currencies should be allowed to fluctuate based on mone-tary-stimulus measures. The yen fell against all except one of
      Bloomberg; PHOTO: AFP  -  498 words
    • Article
      Lock icon RISES
      106 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6000 188.1 2.6 JMH 6250 148.5 2.0 UOB 1940 36.0 1.9 UOB.ES.1302 1937 34.0 1.8 DBXT MSINDO 10us$ 1612 32.2 1.6 HK Land 805 32.2 3.3 STXPO 100 570 24.0 4.4 OCBC Bk 5.1%NCPS 100 ***** 20.0 0.2 IS MSCI Spore 1394
      106 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -254.9 -1.3 DairyFarm 1300 -80.4 -4.8 JSH 3750 -70.5 -1.5 DBXT S&P Short 10US$ 3263 -33.4 -0.8 DBXT Nifty 10US$ ***** -32.2 -0.2 SIA 200 1085 -30.0 -2.7 SIA 1083 -24.0 -2.2 Lyxor MS India 10US$ 1435 -19.8 -1.1 Lyxor Russia 10US$
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      132 9 A^IAN HUMAN CAPITAL AWARD Showcase your innovative and impactful people practices to the world asia APPLY NOW Nominate your organisation and share your best people practices with us. Submissions are open until 1 March 2013 1 J* A r k The Asian Human Capital Award recognises innovative people strategies adopted
      132 words
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      95 10 STYLISH LIVING MADE EASY JUST A CLICK AWAY homeanddecor.com.sg An interactive, style-driven interior design website for homeowners and decor enthusiasts. homes Draw inspiration from over 2,400 pictures of real homes. “A mood board Store your renovation ideas online, and share them via social networks. 'll: i/waftt («,'a. BB—«jp i it
      95 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Current fertility rate ‘artificially depressed’
      470 11  -  ‘Real adjusted level’ of TFR is 1.4-1.5, not currently accepted figure of 1.2: Don By LIM JIA YING AMID the furore over the recently endorsed Population White Paper, there lies a seemingly intuitive assumption: that a total fertility rate (TFR) at a replacement level of
      470 words
    • Article, Illustration
      Lock icon OCBC volunteers’ good deed on CNY’s first day
      271 11  -  By WEE LE TING IT was the first day of the Chinese New Year on Sunday, but OCBC Bank was able to rustle up a team of 50 people who found room in their hearts to help out at a soup kitchen
      271 words
    • Article
      Lock icon Short-circuit caused fire in MRT tunnel
      350 11  -  Services on NorthSouth line hit for two-and-a-half hours By MA XIANGYU A TUNNEL fire that caused a 21/2-hour disruption to services on the North-South MRT line yesterday was caused by a short-circuit in a power cable, SMRT said. The short-circuit happened at 9.05am across
      350 words
    • Article, Illustration
      Lock icon TORO’S TEMERITY
      489 11  -  u" A:J Brought to you by Fox Art Pte Ltd Written by Sam McCallum Toro's new series of works entitled "Toro's Temerity" takes the act of painting back to an instinctive, primal level. Each canvas is filled with the artist's trademark paint swirls and spatters.This is a signature
      489 words
    • Article, Illustration
      Lock icon CRA fines Marina Bay Sands $475,000
      272 12  -  By GRACE LEONG MARINA Bay Sands (MBS) has been fined $475,000 by the Casino Regulatory Authority of Singapore (CRA) for surveillance breaches. In a statement issued yesterday, CRA said MBS as a casino operator had violated Regulation 3(2) of the Casino Control (Surveillance) Regulations
      FILE PHOTO  -  272 words
    • Article
      Lock icon Supplier-subcontractor fight in MBS project dismissed with costs
      746 12  -  High Court Judge finds that neither of the parties had proved their case By GRACE LEONG A DISPUTE between a marble supplier and subcontractor over monies owed for work done at the Paiza and Atrium areas of the Marina Bay Sands ended
      746 words
    • Article
      Lock icon Shell to repair S’pore mooring facility
      201 12 Reuters [SINGAPORE] Royal Dutch Shell will carry out repairs at its single-buoy mooring (SBM) facility in Singapore from next week to the end of March, Singapore authorities said. Shell will reduce refinery run rates during the SBM repair, a source familiar with the matter
      Reuters  -  201 words
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      186 12 Having the option of living near a future MRT line allows your property to command a higher price. STProperty. The most comprehensive property portal that lets you find a home near future MRT lines, this present day. Imagine this. You are eyeing a property and you have valuable information that
      186 words
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      20 12 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices NOTICES ICLA/FEBI 1/g
      20 words
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      4308 13 This Joint Announcement does not constitute an offer or a solicitation to any person in any jurisdiction in which such offer or solicitation is unlawful. The Exit Offer (as defined herein) is not being proposed in any jurisdiction in which the introduction or implementation of the Exit Offer would not
      4,308 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia-Australia in vehicle, tech, manpower, supply chain tie-up
      511 14 RM15m projects in progress, all 50% funded by Canberra [PETALING JAYA] Players in Malaysia’s motor vehicle industry will soon join hands with their Australian counterparts following the free trade agreement which came into effect this year. Malaysian Automotive Institute (MAI) chief executive
      511 words
    • Article
      Lock icon Foreign-adviser news lifts shares in Hwang-DBS
      537 14  -  The bank’s value is not likely to be as high as RHB Capital paid for OSK: CIMB By S JAYASANKARAN in Kuala Lumpur SHARES in Malaysian investment bank Hwang-DBS rose as much as 5 per cent to RM3.99 on reports that it would appoint
      537 words
    • Article, Illustration
      Lock icon Bursa could see 30 IPOs this year
      717 14 [PETALING JAYA] Another exciting year is in store for Malaysian initial public offerings (IPOs), if a recent report by HwangDBS Vickers Research is anything to go by. The research report identified close to 30 companies that may be floated on the Malaysian bourse
      FILE PHOTO  -  717 words
    • Article
      Lock icon Bakries to pay US$50m deposit in Bumi separation
      305 14 Bloomberg [LONDON] The Bakrie Group has agreed to pay a US$50 million deposit by tomorrow under an agreement that sets out the terms of its separation from Bumi Plc, the London-trad-ed Indonesian coal venture at the centre of a battle for control.
      Bloomberg  -  305 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon CNOOC-Nexen deal wins US approval
      552 15 Regulatory nod removes the final obstacle for the US$15.1b takeover Reu ters [CALGARY] US regulators have approved the US$15.1 billion takeover of Canadian oil and gas company Nexen Inc by China’s state-owned CNOOC Ltd, removing the final obstacle to the Asian country’s larg-est-ever foreign takeover.
      Reuters  -  552 words
    • Article, Illustration
      Lock icon Fried rice dish goes into record books as largest
      233 15 Xinhua [SAN JOSE, Costa Rica] Costa Ricans of Chinese descent set a world record on Tuesday by cooking the world’s largest amount of fried rice in celebration of the Chinese New Year. To make the fried rice, some 735kg of rice
      Xinhua; PHOTO: AFP  -  233 words
    • Article
      Lock icon Delhi dragging its feet in testing drugs
      653 15 Sluggish approvals causing some firms to move elsewhere Reuters [NEW DELHI] Slower government approval for testing new medicines is threatening India’s aspirations to be a fast-growing, low-cost hub for clinical trials, and has prompted some drugs firms to shift operations elsewhere, adding to
      Reuters  -  653 words
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      88 15 ii I m 'V-'-tt ORCHARD RQ4D GRB4T Free WIFI Download the PARAGON App STREET Available C COFFEE AND )NVERSATION BETWEEN I DECISIONS, DECISIONS. Cafes one on every floor offer pause from the rush of shopping. So when your feet tire, let your taste buds take over. Bakerzin Cafe Manuka Canele
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Britain faces a risk-filled choice in Europe
      1068 16 Withdrawing from EU could make life harder for many of UK’s top exporters NYT [LONDON] BM Catalysts, a British producer of catalytic converters and other car-exhaust parts, is an example of the kind of successful exporter that might seem to validate the historic
      NYT; PHOTO: LAND ROVER  -  1,068 words
    • Article, Illustration
      Lock icon Year-end chill helps Japan weather recession
      944 16 GDP data due today likely to show 0.4% expansion in Q4 Bloom berg [TOKYO] Japan’s economy probably emerged from its third recession in five years last quarter as cold weather boosted consumption, bolstering Prime Minister Shinzo Abe’s campaign to revive growth. Gross domestic product
      Bloomberg; PHOTO: REUTERS  -  944 words
    • Article
      Lock icon Manila sees higher growth on rising foreign investments
      321 16 Bloomberg [MANILA] Philippine investment pledges climbed to a record last year as Japanese companies plan expansions, boosting prospects for the nation’s economic growth, Trade Secretary Gregory Domingo said. Government approvals for projects increased 2.3 per cent from a year earlier to US$15.9
      Bloomberg  -  321 words
    • Article
      Lock icon Worsening economic crisis hits Vietnamese hard
      678 16 Many say not only has their cash run out, but so has their trust in the communist govt AFP [HANOI] From growing numbers of people with depression to families bankrupted by stock-market investments, many are suffering in Vietnam’s slowburn economic crisis and blame the
      AFP  -  678 words
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  • WORLD
    • Article, Illustration
      Lock icon Comcast buys rest of NBCUniversal for US$16.7b
      915 17 It closes deal with GE earlier than planned to tap low borrowing costs AP [LOS ANGELES] Comcast said on Tuesday that it’s buying the rest of NBCUniversal from General Electric for US$16.7 billion, doing so several years early as the cable TV provider
      AP; PHOTO: AP  -  915 words
    • Article, Illustration
      Lock icon Bankers chase bond sale boom where hiring is norm
      753 17 Bloomberg [COPENHAGEN] Some of Scandinavia’s biggest banks are expanding their debt underwriting units as they cut jobs in businesses made less profitable by stricter capital rules. Danske Bank A/S, Denmark’s biggest lender, and Nordea Bank AB, Scandinavia’s largest financial group, say
      Bloomberg; PHOTO: BLOOMBERG  -  753 words
    • Article, Illustration
      Lock icon Record half-year for top Aussie mortgage bank
      476 17 Reuters [SYDNEY] Commonwealth Bank of Australia (CBA), the country’s biggest mortgage lender, reported a record half-year profit and said it expected domestic business and consumer confidence to improve in line with a more stable global outlook. Cash profit rose 6 per cent to
      Reuters  -  476 words
    • Article
      Lock icon Russia’s dirty money flows estimated at US$61b a year
      431 17 Its underground economy makes up 46% of output Reuters [WASHINGTON] The amount of dirty money flowing in and out of Russia has more than doubled over the past eight years, robbing the country of productive capital and driving a massive underground
      Reuters  -  431 words
    • Article
      Lock icon Japan is seen as the villain in global currency war drama
      779 18 Tokyo is accused of driving down yen’s value to shore up its fragile economy AFP [TOKYO] Japan is being cast as the villain in a heated currency drama, accused of driving down the yen’s value to shore up its
      AFP  -  779 words
    • Article, Illustration
      Lock icon Europe utilities threatened by falling coal margins
      751 18 Some utilities are considering closing the power stations Reuters [LONDON] European utilities have relied for years on coal for power generation revenues as gas is too expensive, but they face a rising risk that even this could cease to be profitable, Reuters research
      Reuters; PHOTO: REUTERS  -  751 words
    • Article
      Lock icon ING cutting 2,400 jobs as capital ratio falls
      559 18 Bloomberg [AMSTERDAM] ING Groep NV, the biggest Dutch finan-cial-services company, will shed 1,400 jobs in the Netherlands and 1,000 in Belgium after saying fourth-quarter profit missed estimates and its core capital ratio fell. Net income was 1.43 billion euros (S$2.39 billion) compared
      Bloomberg  -  559 words
    • Article, Illustration
      Lock icon Yahoo chief to push mobile applications
      450 18 Bloomberg [SAN FRANCISCO] Yahoo! Inc chief executive officer Marissa Mayer said that she plans to focus on mobile applications and strengthening ties to Facebook Inc to bolster turnaround efforts at the biggest US Web portal. “A lot of the strengths of Facebook are available
      Bloomberg  -  450 words
    • Article, Illustration
      Lock icon Pope: I quit for the good of the Church
      494 19 AFP [VATICAN CITY] Pope Benedict XVI made his first public appearance yesterday since his shock resignation announcement, asking thousands of cheering pilgrims at the Vatican to “keep praying for me”. The frail 85-year-old pontiff was greeted by a standing ovation and
      AFP; PHOTO: AP  -  494 words
    • Article
      Lock icon Sharp turnaround in EU, eurozone factory output
      384 19 Dec data also shows Germany rising 0.8% and UK 1.1% AFP [BRUSSELS] Industrial output in the 17-nation eurozone showed a sharp turnaround in December, gaining 0.7 per cent compared with activity in November when it fell a revised 0.7 per cent, official data
      AFP  -  384 words
    • Article
      Lock icon Britain faces further bout of inflation
      394 19 Bloomberg [LONDON] Bank of England governor Mervyn King said Britain faces a further bout of inflation and a muted economic recovery, and pledged officials will look through the volatility in prices to keep nurturing growth where they can. “Inflation is likely to rise further
      Bloomberg  -  394 words
    • Article
      Lock icon January retail sales rise 0.1% after tax increase
      500 19 LATEST US DATA AP [WASHINGTON] Americans barely spent more last month at retail businesses and restaurants after higher taxes cut their pay cheques. The small increase suggests consumer spending may be weak in the January-March quarter, which could hold back economic growth.
      AP  -  500 words
    • Article
      Lock icon BOE chief irked by G-7 mixed messages
      176 19 Reuters [LONDON] A Group of Seven statement designed to cool international currency tensions should be taken at face value and it was regrettable that others tried to reinterpret it, the Bank of England’s chief said yesterday. G-7 nations reaffirmed on Tuesday a commitment
      Reuters  -  176 words
    • Article
      Lock icon Draft terms for EU-US trade deal likely soon
      467 19 Barroso calls pact a ‘game-changer’ that will boost growth and provide jobs Bloomberg AFP [BRUSSELS] The European Union (EU) plans to present draft negotiating plans next month for a US trade agreement that could add 86 billion euros (S$144 billion) a year
      Bloomberg; AFP  -  467 words
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      296 17 [CATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MORGAN STANLEY CAPITAL (REAL ESTATE) PTE. LTD, (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****1009C) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the
      296 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      59 19 The Finder Singapore The Essential Expat Magazine H www.TheFinder.com.sg ennaer SHOPPING RESTAURANTS FURNITURE TRAVEL WELLNESS SMOOTH OPERATORS HOW TO SUCCEED IN A PARTNERSHIP YOUR 2013 HOROSCOPE ENCHANTING GETAWAYS, AFTERNOON DELIGHTS high lea HAVENS SEE PAGE 32 Fin MKEMUHO Ci Spin GREATi ...meet Lion City bVcuite“cTu'sa(jer Joel Fraser FREE DOWNLOAD Available
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      30 19 KISS92P All the great songs in one place k)S592 CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! k1ss92.sg facebook.com/kiss92fm Q@kiss92fm
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  • EDITORIAL & OPINION
    • Article
      Lock icon Companies need more help to restructure
      528 20 EDITORIAL THE dust has barely settled on the debates in Parliament around the government’s white paper on Singapore’s population, but attention, particularly from the business community, is already anxiously focused on the upcoming budget, which will be presented on Feb 25. The moves to
      528 words
    • Article, Illustration
      Lock icon Strains in ties with North Korea make China jittery
      771 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN 1961, China and North Korea signed a treaty of friendship, cooperation and mutual assistance that provided for either country to go
      771 words
    • Article, Illustration
      Lock icon Financing for long-term investments falls short
      1085 20  -  Advanced and emerging economies will need a total US$20t a year: report ANTHONY ROWLEY Tokyo Correspondent RARELY can any profession have fallen so far short of reasonable expectations as the modern financial industry. It was bad enough to see how the global banking industry
      PHOTO: AFP  -  1,085 words
    • Article, Illustration
      Lock icon Overcoming an adaptive challenge
      1266 21  -  Successful CEOs know that, to keep their companies growing, competence must be accompanied by a new consciousness By PRATAP NAMBIAR The writer is the founder and chairman of Thought Perfect Pte Ltd, Singapore, a company that provides coaching and mentoring services to CEOs and senior leaders
      PHOTO: REUTERS  -  1,266 words
    • Article, Illustration
      Lock icon Latin America, Caribbean leaders’ meeting leaves much to be desired
      915 21  -  By ANDRÉS VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University Project Syndicate THE participants came, European guests were greeted, speeches were delivered, toasts made, and, in the end, the annual meeting of
      Project Syndicate  -  915 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Old jets come in handy, with 787s delayed
      785 22 Some airlines using 30-year-planes to plug gaps in their flight schedules Bloomberg [LONDON] Airlines waiting for the state-of-the-art Boeing 787 Dreamliner to return to the skies are relying on 30 year-old planes to fill gaps in their routes. LOT Polish Airlines SA,
      Bloomberg; PHOTO: AP  -  785 words
    • Article
      Lock icon Clients like Iraq, Congo boost Lufthansa unit
      619 22 Bloomberg [FRANKFURT] Deutsche Lufthansa AG’s advisory unit is pursuing at least 10 per cent annual sales growth as clients such as Iraq, which is reviving its airline, tap into the German carrier’s experience in safety and infrastructure. Lufthansa Consulting is helping reorganise regional
      Bloomberg  -  619 words
    • Article, Illustration
      Lock icon Disabled cruise ship to head for US port
      227 22 AFP [MIAMI] A cruise ship packed with 4,200 travellers was adrift in the Gulf of Mexico for a third day on Tuesday waiting to be towed into the US port of Mobile, Alabama, a company spokesman said. None of the 3,143 passengers
      AFP; PHOTO: AFP  -  227 words
    • Article
      Lock icon Supertanker surplus grows as demand dips
      311 22 Bloomberg [LONDON] The surplus of supertankers competing for 2 million-barrel cargoes of Persian Gulf oil expanded as demand to hire the ships waned. There are 24 per cent more very large crude carriers for charter over the next 30 days than cargoes, according to
      Bloomberg  -  311 words
    • Article
      Lock icon Shipping closer to recovery this year
      321 22 Bloomberg [LONDON] The mer-chant-shipping industry, carrying 90 per cent of world trade, will draw closer to a recovery this year as weaker fleet expansion helps earnings to rebound from depressed levels, said RS Platou ASA. Demand for the global fleet will climb to 5
      Bloomberg  -  321 words
    • Article
      Lock icon Recovery seen next year in bulk shipping
      246 22 Bloomberg [LONDON] Earnings for ships that carry dry bulk commodities are set to start recovering in 2014 as fleet growth slows to keep pace with demand for the first time in four years, said Citigroup Global Markets. Expansion will weaken to 5 per
      Bloomberg  -  246 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 22 SGX '000 Feb 13 S$ +/-Vol CH Offshore 0.49 0.01 296 Chuan Hup Hldg 0.29 -0.01 287 Cosco Corp 0.94 0.01 2714 CWT Ltd Ezra Hldgs 1.17 -0.01 5182 First Ship Lea Chuan Hup Hldg Freight Links 0.08 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd
      242 words
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      327 22 CRYPTIC CROSSWORD Across 4 Statement about Bond’s boss’s bad behaviour (8) 8 Central heating allowed as protection for a house (6) 9 A twitching disorder follows small drink it’s striking (8) 10 Being poor, obtained pence for pocketing (8) 11 Broadcast making one irritated (3,3) 12 Come together, finding a
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  • Article
    Lock icon SHIPPING TIMES
    1594 23 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 23 Advertisements
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      46 23 PLACE YOUR AD HERE The Business Times Shippi CALL JOE WON g Times G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3248 24 Transaction date: Feb 13 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 6 3 A-Sonic Vol Day Last Quote Div Gr Yld Net M Cap High 159.5 101.5 AIMSAMPIReit Company Sale
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    • Article
      Lock icon SGX CATALIST
      212 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 C000) High Low Buyer Seller C’vr P/E Smil +0.5
      212 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10431 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.39/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond EM Local Ccy Bond Asian Smaller Cos! 1.9462/ Global Emerging Markets!** FM local Ccy
      10,431 words
    • Article
      Lock icon GLOBALQUOTE
      262 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 $mil 50 25.5 AVJennings A39 unch 20 39 39 38 40 3.6 9 3.1 101.6 45 30 Genting HK US$ US43.5 +0.5 6856 43.5 43 43 43.5 2864.3
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    • Article
      Lock icon SGX ETF
      917 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 $mil 126 107.1 ABF SG Bond ETF 117.7 +0.1 413 118 117.7 117.6 117.8 537.3 135.9 120.4 CIMB APAC Div 100S$D 135.8 134.8 135.8 111.7 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      605 26 Feb 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.72 *****.27 *****.66 Mar13 *****.00 *****.00 *****.00 *****.00 *****9 *****7 Jun13 *****.00 *****.00 *****.00 *****.00 84 4597 MSCI TAIWAN INDEX FUTURES SPOT 283.30 285.82 283.30 Feb13 0 *****9 Mar13 0 1526 S&P CNX NIFTY
      605 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 12 Index Change Change Change Change Change Change World Preliminary 997.9 0.4 6.4 0.5 7.2 0.5 5.6 EAFE Preliminary 825.0 0.7 6.5 1.0 6.4 1.1 4.8 Europe Preliminary 1202.6 0.7 4.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Feb 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.450 0.769 8.026 55.716 99.765 0.964 11.240 3.201 1.229 101.519 42.098 1.280 9.214 0.949 30.743 30.849 0.661 1.035 Canada 0.965 6.221
      470 words
    • Article
      Lock icon SIBOR
      68 26 Feb 13 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      134 26 Feb 13 GOLD(US$/oz) Feb 07 Feb 06 Hong Kong 1684.00 1680.30 Feb 11 Feb 12 London 1649.54 1648.61 1650.32 1649.38 Source: Thomson Reuters CAST BAR Feb 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 66 5gm 419 328 10gm 748 656
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 26 Feb 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 16-May-13 0.26 6-Month BS*****Z 12-Aug-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 99.96 100.03 100.00 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 26 Feb 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2470.0 2480.0 2470.0 2470.0 147 1725 Mar 13 2529.0 2534.0 2529.0 2483.0 1287 ***** Apr 13 2551.0 2560.0 2558.0 2504.0 ***** ***** May 13 2566.0 2579.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Feb 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2800 1.2807 1.0346 1.0351 Canadian dollar 1.2346 1.2353 0.9984 0.9979 Euro 1.6654 1.6659 1.3461 1.3464 NZ dollar 1.0417 1.0423 0.8420 0.8424 Sterling pound 1.9365 1.9370 1.5652 1.5655
      154 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Feb 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1420.75 1431.50 1438.50 1417.00 May 13 1409.50 1417.25 1424.50 1404.00 Jul 13 1401.00 1407.00 1414.00 1393.50 Aug 13 1366.75 1369.25 1374.50 1360.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 51.10
      107 words
    • Article
      Lock icon LIFFE
      80 26 Feb 12 COCOA (£/tonne) Close Prev High/Low Mar 13 1412 1415 1418/1403 May 13 1421 1423 1428/1411 Jul 13 1432 1435 1438/1423 Sep 13 1440 1443 1447/1432 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2070 2078 2083/2045 May 13 2092 2098 2103/2068 Jul 13 2100 2106 2109/2075 Sep 13 2108
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      934 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 5 1 25 17 Asiatravel.com HoldingsW*****5 5 1 27 41 BakerTech W*****5 Disc Best World Intl Ltd
      934 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Feb 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.25 -0.26 WTI (Near Mth) 97.44 0.45 Dubai (1-Mth F) 112.98 -0.19 Tapis blend 123.95 -0.01 Minas 120.45 -0.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 114.42 unch Jet Kerosene 136.54 unch US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Feb 13 S$ Bid Offer 1-month 1.2373 1.2374 2-months 1.2373 1.2374 3-months 1.2373 1.2374 6-months 1.2372 1.2373 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Feb 12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2078.25 2063.00 3 months 2120.00 2103.00 Copper, Grade A(US$/tonne) Cash 8199.25 8165.00 3 months 8236.00 8199.00 Lead(US$/tonne) Cash 2400.75 2375.50 3 months 2414.00 2388.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Feb 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.265 1.205 Euro 1.706 1.625 Sterling pound 1.978 1.902 NZ dollar 1.075 1.015 US dollar 1.264 1.204 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 26 Feb 13 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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 Hot trade: commercial mortgage backed securities
      1153 27 Industry fundamentals seen repairing itself; sector also underperformed last year relative to housing market Bloomberg [NEW YORK] Hedge funds seeking the hottest trade of 2013 are turning to skyscrapers, shopping malls and hotels after last year’s rebound in residential real estate drove the industry’s
      Bloomberg; PHOTO: BLOOMBERG  -  1,153 words
    • Article
      Lock icon Househunt
      1101 27 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN JAN 16 AND JAN 22, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 22/01/2013 99 764 1880 2460 Spottiswoode Suites Apt 18/01/2013 FH
      1,101 words
    • Article, Illustration
      Lock icon Manhattan condo developers raise prices as supply shrinks
      1601 28 Average price of a condo in the borough sold in Q4 was US$1.87m, up 5.4 per cent from a year earlier [NEW YORK] Michael Stern was prepared for a gradual real estate rebound after buying a New York office tower in December
      PHOTO: BLOOMBERG  -  1,601 words
    • Article, Illustration
      Lock icon Billionaire Wayne Hughes seeks to become rental king in US
      1574 29 He has purchased 10,000 properties through American Homes 4 Rent Bloomberg [NEW YORK] B Wayne Hughes, a sharecropper’s son who became a billionaire pioneering warehouses for Americans needing storage space, is buying thousands of houses to rent as more people
      Bloomberg; PHOTO: AP  -  1,574 words
    • Article
      Lock icon Marriot deal seen costing NYC US$345m
      503 29 1998 hotel contract ‘disgraceful’ and ‘lopsided’: city’s CFO Reuters [NEW YORK] New York City’s chief financial officer said on Tuesday the city stands to lose as much as US$345 million because of a past sweetheart deal, uncovered during an audit, with the Marriott Marquis
      Reuters  -  503 words
    • Article, Illustration
      Lock icon Banks more willing to lend to developers of NY properties
      1319 30 Lenders now looking at condo projects, hotel developments and certain office and retail buildings NYT [NEW YORK] Construction in New York slowed to a trickle in the recession, but there are finally signs that the construction loan market is coming
      NYT; PHOTO: AFP  -  1,319 words
  • Page 27 Advertisements
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      217 28 H oro£*° ECO HOmE&DECOFVfc m turns35! Visit the party-themed Ikea room decorated by the Home Decor team and stand to win over $5,000 worth of prizes in the photo contest! JAN 25 TO MARCH 10 10AM-11PM IKEA ALEXANDRA, LEVEL 2 Singapore w^hwanddMorcotnig HOmEDEC@R mi SPRING SEASON I EASY-TO-DO FENGSHUI j
      217 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      194 29 International Property Group Pte Ltd Wishing All Clients and Business Associates A Happy Prosperous Lunar New Year! GONG XI FA CAM We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail
      194 words
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      Lock icon Page 29 Advertisements Column 2
      193 29 160 CHANGI ROAD Rare Commercial Asset Management Redevelopment Opportunity Prime boutique commercial building along Changi Rd Freehold Tenure Approx. 300 metres to Eunos MRT Station Close to future Raya Lebar Commercial Hub Site Area: 1,669.8 sq m 17,974 sq ft GFA: 5,036.14 sq m 54,208 sq ft Sale with vacant
      193 words
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      Lock icon Page 29 Advertisements Column 3
      102 29 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
      102 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      245 30 HIGHWOOD HOUSE LONDON W1 exclusive property exhibition m PH 4.1 Computer generated image t I Ea i r *1 LA r tfi Computer generated imag apartments from £589,000* ONLY 640 METRES FROM OXFORD STREET Highwood House, located right in the centre of London, is ideally positioned for Oxford Street, universities
      245 words