The Business Times, 19 February 2013
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2013-02-19
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The Business Times
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Title Section25 2013-02-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, February 19, 201325 words
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817 2013-02-19 1 ANTHONY ROWLEY - G-20 avoids naming Japan, paving way for further yen depreciation; next BOJ governor holds the key By in ANTHONY ROWLEY in Tokyo THE yen resumed its sharp downward slide yesterday after the weekend meeting of Group of 20 (G-20) finance ministers backed away817 words
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Article, Illustration809 2013-02-19 1 SIOW LI SEN - Local banks issuing RMB bonds as other corporates prepare to join the ride By SIOW LI SEN [SINGAPORE] The three big local banks are issuing Chinese currency bonds even before Singapore’s renminbi clearing bank gets going. They don’t want to809 words
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MARKETS DIGEST
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Article65 2013-02-19 1 GST INDEX 3,288.14 (+5.07) GST INDEX FUTURES 3,288.00 (+5.00) GSIMSCI 371.10 (+0.35) GSIMSCI FUTURES 371.30 (+0.80) US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.547 1.918 EURO (US$/S$/€) 1.334 1.653 Foreign currency per US$ S$ YEN 94.00 75.90 RM 3.099 2.500 HK$ 7.755 6.255 BAHT 29.89 24.11 RUPIAH65 words
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Article46 2013-02-19 1 Monday Change KL COMP 1,620.93 -7.00 NIKKEI 225 11,407.87 +234.04 HANG SENG 23,381.94 -62.62 SET INDEX 1,523.29 +1.77 JAKARTA COMP 4,612.05 +2.26 MANILA COMP 6,565.23 +43.59 SEOUL COMP 1,981.91 +0.73 SHENZHEN B 852.00 -2.00 MUMBAI IND 19,501.08 +32.93 11am EST Change DOW Closed NASDAQ Closed46 words
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Article30 2013-02-19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.467 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Source: Bloomberg30 words
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Page 1 Advertisements
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Advertisement110 2013-02-19 1 SEX-FOR-CONTRACTS TRIAL Prosecution to prove corrupt intent against ex-SCDF chief PAGE 4 PRODUCTIVITY MATTERS Financial services: Embracing technology to stay ahead PAGE 12 HOCK LOCK SIEW SGX must lead in keeping research relevant PAGE 5 Inc Heartlander bakery Pine Garden’s Cake on coping with manpower crunch IPAGE 10 Classique Tourbillon110 words
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TOP STORIES
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Article, Illustration682 2013-02-19 2 NISHA RAMCHANDANI - But festive demand help sharp rebound from Dec; Feb shrinkage expected By NISHA RAMCHANDANI [SINGAPORE] Singapore’s non-oil domestic exports (NODX) inched up 0.5 per cent year-on-year in January, missing forecasts and posting weaker growth compared to other markets in the region. A Bloomberg pollSource: IE S’pore - 682 words
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629 2013-02-19 2 JOYCE HOOI - Competitor telcos weighing options in app partnership By JOYCE HOOI [SINGAPORE] StarHub might be the first telco in the region to echo the European refrain of “if you can’t beat ’em, Joyn ’em”. But even as StarHub strikes back at the likes of Skype629 words
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322 2013-02-19 2 JOYCE HOOI - By [SINGAPORE] JOYCE HOOI [SINGAPORE] The Media Development Authority is looking into the impasse that StarHub claims it is facing for the Barclays Premier League (BPL) rights. “MDA has received StarHub’s complaint on their inability to negotiate for the rights to BPL 2013-2016 and322 words
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383 2013-02-19 2 It keeps negative outlook on Japan’s debt Reuters [TOKYO] Ratings agency Standard Poor’s remained cautious about Japanese Prime Minister Shinzo Abe’s policies to stimulate growth and end deflation, and maintained its negative outlook on Japan’s debt. The ratings agency said in a statementReuters - 383 words
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Article471 2013-02-19 2 Yen resumes slide as Japan dodges rap THE yen resumed its sharp downward slide yesterday after the weekend meeting of Group of 20 finance ministers backed away from criticising Japan publicly for the aggressive monetary-easing actions that have helped propel the slide. But the imminent choice of a471 words
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444 2013-02-19 4 PAULINE NG - It is said to be teaming up with Iskandar Waterfront Hldgs on Danga Bay project By PAULINE NG in Kuala Lumpur CAPITALAND is believed to be gearing up to build its first large-scale township development in Malaysia, its foray into the special economic zone444 words
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Article, Illustration921 2013-02-19 4 GRACE LEONG - Lim denies graft allegations, calling them ‘nebulous’ SEX-FOR-CONTRACTS TRIAL By GRACE LEONG [SINGAPORE] The sex-for-contracts trial of former Singapore Civil Defence Force (SCDF) chief Peter Lim Sin Pang opened yesterday with the prosecution alleging that he had contactedPHOTO: SEAH KWANG PENG/THE STRAITS TIMES - 921 words
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Article, Illustration291 2013-02-19 4 GRACE LEONG - Full grounds needed to assess whether to lodge appeal By GRACE LEONG [SINGAPORE] Prosecutors filed a notice of appeal yesterday to obtain District Court Judge Siva Shanmugam’s full, written grounds of decision that found former Central Narcotics Bureau chief Ng Boon291 words
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Article, Illustration723 2013-02-19 4 Analysts say better than expected data rules out rate cuts Reuters [BANGKOK] Thailand’s economy grew a far strong-er-than-expected 3.6 per cent in the fourth quarter of 2012 from the previous three months, a pace that undercuts government calls for lower interest rates. Exports pickedReuters; PHOTO: REUTERS - 723 words
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Advertisement371 2013-02-19 2 2013 Ernst Young Solutions LLP. All Rights Reserved. I Tuesday, 12 March 2013 9:00 a.m. to 5:30 p.m. (Registration begins at 8:30 am) Raffles City Convention Centre Fairmont Ballroom, Level 4 80 Bras Basah Road Singapore *****2 How will the Budget 2013 proposals impact you and your business? Join us371 words
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Advertisement229 2013-02-19 4 InvestorRelationsHighlights Excelpoint: Reported Another Profitable Year Main board listed Excelpoint Technology Ltd (“ETL”) reported revenue rose to US$548.8 million in FY2012. Year-on-Year profit after tax rose by 6.4% to US$5.0 million. Balance sheet remains healthy with cash and cash equivalents of US$13.8 million. Group optimistic about its prospects in FY2013.229 words
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COMPANY NEWS
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Article, Illustration463 2013-02-19 5 KENNETH LIM - He may take F&N private to gain operational flexibility: analyst By KENNETH LIM THAI tycoon Charoen Sirivadhanabhakdi ended his bid for Fraser and Neave (F&N) with enough shares to force a delisting of the conglomerate. M r Ch aroen s $9.55-per-share pre-divi-dend offer,463 words
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882 2013-02-19 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IT IS sometimes said that stockbroking research is a largely irrelevant function: in a bull market, everything goes up, so analysis to tell investors what to buy is redundant; while in a bear market, nobody is882 words
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Article, Illustration475 2013-02-19 7 ANDREA SOH - Net profit up 86% to $4.23m after recording $3.4m in gains from disposal By ANDREA SOH SOUP Restaurant Group’s full-year earnings surged as the disposal gain from the sale of its stake in the Dian Xiao Er chain boosted its bottom line.475 words
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355 2013-02-19 7 TEO SI JIA - By TEO SI JIA PROPERTY developer Hiap Hoe’s fourth-quarter net profit inched up 6 per cent year on year to $13.81 million as higher gross profit margin more than offset a drop in revenue. The three months ended Dec 31, 2012,355 words
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COMPANY BRIEFS
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Article49 2013-02-19 7 PARK Hotel Group, an Asia-Pacific hospitality group, has promoted Mohd Rafin from senior vice-president to chief corporate officer (CCO) with effect from Feb 7. Mr Rafin joined Park Hotel Group in 2007 as vice-president and was promoted after two years to senior vice-president.49 words
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Article100 2013-02-19 7 CONSTRUCTION group Lian Beng has, through its wholly owned subsidiary Lian Beng Construction (1988) Pte Ltd, bagged a $117 million condominium development project. The construction of Skies Miltonia will start next month and is expected to be completed in 33 months. The development, located100 words
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Article63 2013-02-19 7 XMH Holdings Ltd has secured two contracts from an Indonesian ship owner worth about $2.8 million. The recurring customer has placed an order for brand new Mitsubishi marine diesel engines with gearboxes and another order for e-Gen power generating sets. With these contract wins, the63 words
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Article295 2013-02-19 7 ANGELA TENG - By ANGELA TENG EZION Holdings Ltd announced to the Singapore Exchange yesterday that it has secured a charter contract valued at US$79.9 million. The contract will be to provide a jack-up rig to support a South Asia-based national oil company. The rig will be deployed295 words
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Article, Illustration688 2013-02-19 8 LYNN KAN - What integrated reporting is and isn’t Int’l council head aims to change what is disclosed by a company and how By LYNN KAN THE main myth that Paul Druckman, chief executive of the International Integrated Reporting Council (IIRC), has to debunk is that integrated reporting is the next stage of688 words
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Article239 2013-02-19 8 glanceFull year and Q4 results ended Dec 2012 Q4 ended Dec 2012 Full year ended Dec 2012 NET PROFIT (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG NET PROFIT (S$M) TURNOVER(S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$M) COMPANY OCBC 3,993.00 2,312.00 72.7 7,961.00 5,661.00 40.6 663.00239 words
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362 2013-02-19 8 CARINE LEE - By CARINE LEE TIGER Airways Holdings ended the first month of the year on another roaring note. January saw the group chalking up a 42 per cent surge in the number of passengers booked to 664,000, from 466,000 a year earlier. The budget362 words
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Advertisement255 2013-02-19 5 National University of Singapore NUS 0 ml,' ::Z I I T -«v» »K mK, IB, 1 i mK I (f'll ssfc: .jr 4 S3 v." !!S; IVMMJUt ■■arc liaa I lOK HR main m *n m mm a L' -a \amaaa) !S ■Mb t A ■■■■■•—rj,*’" ,5 tgaatmamma'!!!' 1 u255 words
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SINGAPORE MARKETS
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Article, Illustration572 2013-02-19 6 R SIVANITHY - Mixed session sees trading turn more subdued than the previous week as caution sets in STOCKS R SIVANITHY Senior Correspondent PENNY stocks still provided the main focus yesterday but trading was more subdued than last week, possibly a sign that caution might be the orderSource: Bloomberg - 572 words
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Article73 2013-02-19 6 Feb 18 VALUE CLOSE BT OB/OS 193.00 +117.00 BT CADI -*****.00 +5.00 BT 10-day MA -*****.00 +20.00 FTSE ST Mid Cap 823.27 +0.96 FTSE ST Small Cap 579.49 +1.11 FTSE ST All Share 812.28 +1.21 FTSE ST China Top 232.62 +0.87 FTSE ST China 264.14 +0.38 FTSE73 words
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Article54 2013-02-19 6 VOLUME YHM 425,060,000 IPCO Intl 399,434,000 Transcu Grp 266,945,000 Cedar 167,220,000 Equation 148,346,000 MDR 111,210,000 Healthway 103,471,000 ChinaSports 97,407,000 Thai Beverage 91,474,000 Magnus 78,707,000 VALUE($) ChinaMinzhong 55,598,720 Thai Beverage 52,624,430 People's Food 51,927,435 Genting SP 40,532,725 DBS Grp 36,380,800 F&N 34,939,770 Golden Agri 32,171,480 EzionHldg 31,417,215 SingTel54 words
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Article186 2013-02-19 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 4 0 0 0 4 8 4 Manufacturing 64 63 37 5 14 9 69 77 46 Commerce 26 23 16 5 5 3 31 28 19 Tpt/Stor/Comms 18 14 11186 words
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Article123 2013-02-19 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,226 37,226 42,886 42,886 Manufacturing 776,586 563,203 1,339,789 371,698 10,519 382,217 Commerce 288,210 97,983 386,193 83,202 12,463 95,665 Tpt/Stor/Comms 106,140 16,585 122,725 99,726 5,940 105,666 Finance 114,768 212 114,980 106,815 93 106,908 Construction 571,902 427,697123 words
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Article1008 2013-02-19 6 CAI HAOXIANG - Compiled by CAI HAOXIANG China Minzhong Maybank Kim Eng, Feb 18 Feb 18 close: $1.20 CHINA Minzhong announced the issue of 98 million new shares by way of private placement to Indofood Sukses Makmur Tbk, a leading Indonesian packaged food producer, at $0.915 per share. The new shares1,008 words
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Article110 2013-02-19 6 Stock name Close Change CapMallsAsia 2.110 -0.010 CapitaLand 3.910 CapitaMall 2.170 -0.010 CityDev 11.41 -0.020 ComfortDelGro 1.900 +0.010 DBS Grp 15.07 +0.070 F&N 9.440 GLP 2.660 -0.040 Genting SP 1.560 -0.020 Golden Agri 0.650 HK Land 7.850 -0.050 IHH Healthcare 1.335 JMH 63.49 +0.610 JSH 38.40110 words
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Article, Illustration440 2013-02-19 6 CURRENCIES Reuters [LONDON] The euro and the US dollar rose against the yen yesterday after the G-20 decided not to criticise Japan for its expansionist policies, but shares eased as Europe’s weak growth outlook weighed on sentiment. Financial leaders from the world’s 20Reuters; PHOTO: BLOOMBERG - 440 words
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Article106 2013-02-19 6 BY CENTS CLOSE UP JMH 6349 75.6 1.0 DBXT MSKorea 10US$ 6054 66.9 0.9 DBXT iBoxxSing 5SG$ ***** 44.0 0.3 JSH 3840 37.2 0.8 Jardine C&C 5190 30.0 0.6 DBXT FTVietnam 10US$ 2779 29.7 0.9 DBXT MSTHAI 10US$ 2240 21.1 0.8 Lyxor Korea 10US$ 537 21.1 3.3 Hyflux 6%106 words
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Article130 2013-02-19 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -209.4 -1.1 DBXT Nifty 10US$ ***** -138.8 -1.0 DBXT MSJAP 10US$ 3882 -42.1 -0.9 Lyxor MS India 10US$ 1405 -37.2 -2.1 DBXT E50 10US$ 4117 -24.8 -0.5 Lyxor China H 10US$ 1535 -18.6 -1.0 IS MS India 100S$D 793 -16.0 -2.0 DBXT130 words
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SINGAPORE NEWS
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566 2013-02-19 9 MA XIANGYU - Some schemes to be tweaked to help smallest of SMEs, says minister By MA XIANGYU THE smallest of small- and medium-sized enterprises (SMEs) here will be receiving greater attention from the government, which plans to improve its slate of productivity-boosting programmes. Minister of566 words
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Article, Illustration460 2013-02-19 9 LEE U-WEN - Leaders, delegations will tour projects in S’pore and Johor By LEE U-WEN MALAYSIAN Prime Minister Najib Razak arrived here yesterday for a two-day retreat with his Singapore counterpart Lee Hsien Loong. This is the fourth such retreat between the pair since thePHOTO: DESMOND WEE/THE STRAITS TIMES - 460 words
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Article, Illustration310 2013-02-19 9 JASMINE NG - By JASMINE NG OCBC Cycle Singapore, a project led by OCBC bank to foster cycling safety in Singapore, kicked off activities for the year with some 900 primary school children of the Convent of the Holy Infant Jesus (CHIJ) Kellock receiving tips on310 words
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467 2013-02-19 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI CORPORATE hospitality tickets will cost slightly more this year at the Singapore Formula 1 Grand Prix, in the first price revision for the Paddock Club, Sky and Club suites since 2009. Some 10,000 three-day corporate tickets were made available for467 words
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258 2013-02-19 9 WEE LE TING - By WEE LE TING SINGAPORE’S small and medium enterprises (SMEs) were tighter with their purse strings compared to their regional counterparts this Chinese New Year, with a significantly smaller proportion of them saying they will spend more on celebrations for their258 words
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381 2013-02-19 9 LIM JIA YING - By LIM JIA YING SKILLS shortages at all levels of management are an imminent threat to the majority of businesses in Singapore, and companies have been scrambling to adapt. “Ninety-three per cent of employers say skill shortages have the potential to hamper their381 words
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Page 9 Advertisements
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Advertisement404 2013-02-19 9 Chinese stocks are undervalued. Is your portfolio positioned for the bounce back Please contact your UBS client advisor, or call +65 *****772 to learn more. Get Substance the UBS House View, the proprietary report from our Chief Investment Office. Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone.404 words
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SME Inc
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Article, Illustration1157 2013-02-19 10 JASLENE PANG - Manpower crunch the perfect storm Pine Garden’s Cake business development director says he hopes more people will shoot for careers in the food-and-beverage industry, reports JASLENE PANG reports JASLENE PANG THE business development director of Pine Garden’s Cake is holding out hope that more people will shoot for careers inPHOTO: ARTHUR LEE CH - 1,157 words
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Article, Illustration1028 2013-02-19 11 Today, Suki Group averages turnover of around 10,000 customers each weekday across its outlets, and serves up to 20,000 daily on peak weekends WITH more than 30 outlets across Singapore, 1,300 full and part-time staff and an annual turnover in excess of $60 million, thePHOTO: NUS BUSINESS SCHOOL - 1,028 words
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Advertisement90 2013-02-19 10 Secure your printers without working security guard hours. We started with legendary HP LaserJet reliability. Then we radically simplified security and fleet management. Pluq this printer into your network, and it automatically helps protect data in storage or in transit using robust encryption, authentication, and security management. So you can90 words
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Advertisement65 2013-02-19 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with65 words
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Page 11 Advertisements
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Advertisement105 2013-02-19 11 “I’ve always believed in productivity initiatives like PRISM. But I never expected it to boost sales by 200%. DOY TEO DIRECTOR. TRIUMPH INTERNATIONAL (S) PTE LTD PRISM helped the innerwear company create the innovative Shapewear Cocoon concept to enhance the customer experience. Through a series of changes such as a105 words
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PRODUCTIVITY MATTERS
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Article, Illustration938 2013-02-19 12 VICTORIA HO - Citibank uses existing knowhow to build up its systems in-house, and it doesn’t shy away from newer technologies, reports FINANCIAL SERVICES VICTORIA HO THE banking industry is not often seen as one that is particularly inventive in technology because of the many regulatory hoopsPHOTOS: CITIBANK - 938 words
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Article, Illustration951 2013-02-19 12 TEH SHI NING - By TEH SHI NING LAUNCHING a project to boost productivity can seem complex companies speak of investments to innovate technology, redesign processes and overhauling structures. But the first step to more efficient, and hence more productive, operations is often to simplify. HSBC Singapore’sPHOTO: HSBC SINGAPORE - 951 words
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Article118 2013-02-19 12 Key schemes FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Productivity Innovation Credit (PIC) Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Financial Training Scheme118 words
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MALAYSIA/INDONESIA
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561 2013-02-19 13 Bank’s chief admits challenges to make profitable success of its overseas forays Reuters [KUALA LUMPUR] Nazir Razak, chief executive of CIMB, says Malaysia is “at a crossroads” ahead of elections that his brother, the prime minister, must call within weeks. The same can beReuters - 561 words
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462 2013-02-19 13 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur THE Friday listing of Tune Insurance has attracted a modest following among analysts who say that the firm with its captive, and growing, travel market could be a proxy for AirAsia minus its risks. The insurer, the former462 words
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387 2013-02-19 13 [KUALA LUMPUR] Malaysia is expected to do better this year, led by expansionary fiscal policies and strong government support, boosting investments and consumer spending, the Malaysia’s Business Times reported. Ernst Young Malaysia markets leader Azwan Baharuddin said investment has been very robust,387 words
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610 2013-02-19 13 Fixed trading hours, offshore forward market is off limits NEWS ANALYSIS Reuters [SINGAPORE] Indonesia’s central bank is gradually closing trading loopholes used by global investors in an attempt to exert more control over its weakening currency and prevent a desirableReuters - 610 words
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Article, Illustration425 2013-02-19 13 [NEW YORK] Despite economic uncertainties and an election year in the United States when buyers take a wait-and-watch attitude and are conditioned to exercise maximum restraint Malaysia’s exports to the United States surged to RM60.79 billion (S$24.3 billion), upPHOTO: BLOOMBERG - 425 words
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GREATER CHINA/INDIA
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625 2013-02-19 14 Risk of junk rating has helped focus govt’s fiscal policy, investors believe Reuters [MUMBAI] Investors are betting Indian bonds are set for their biggest rally since the global financial crisis, wagering that a government at risk of losing its investment-grade rating will putReuters - 625 words
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Article, Illustration663 2013-02-19 14 AFP [MUMBAI] British Prime Minister David Cameron arrived here yesterday on a three-day trade-focused visit clouded by a corruption scandal over British-made helicopters sold to New Delhi. Mr Cameron’s trip to India comes amid a raging scandal over the procurement of 12 helicoptersAFP - 663 words
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299 2013-02-19 14 Bloomberg [SHANGHAI] Retail sales in China during the week-long Chinese New Year festival rose at the slowest pace in four years as a crackdown on extravagant spending by officials and state-owned companies limited outlays on food and drink. Sales at shops andBloomberg - 299 words
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Page 14 Advertisements
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Advertisement191 2013-02-19 14 P.DECOH HOT” or SSblG ■S' x HOmE&DECOR BIRTHDAY PARTY YOU ARE INVITED! FEB 23, SATURDAY, 2PM to 6PM IKEA ALEXANDRA, LEVEL 2 WIN! $12 000 CNY GIVEAWAY m k NDA ER A UY Bp I free goodie bag Get a birthday goodie bag J worth $15. First 250 guests each191 words
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Advertisement1713 2013-02-19 15 mlJestpac Banking Corporation Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2012 Balance sheets as at 30 September Consolidated Parent Entity 2012 2011 2012 2011 $M $M $M $M Capital Adequacy As at 30 September 2012,1,713 words
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ECONOMY WATCH
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Article, Illustration961 2013-02-19 16 Paper-based tax administration will be computerised to cross-check data Reuters [ATHENS] Fighting to stave off bankruptcy, Greece is pinning its hopes of boosting revenue from an antiquated tax system beset by massive evasion on Harry Theoharis, a boyish-look-ing 42-year-old who describes himself as anReuters; PHOTO: REUTERS - 961 words
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292 2013-02-19 16 Reuters [SEOUL] Global conflict over currency policy has emerged as a new key risk to South Korea’s financial system whereas concerns about the Chinese and US economies have abated, a Bank of Korea (BOK) survey found yesterday. Household debt, measuring more thanReuters - 292 words
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Article, Illustration696 2013-02-19 16 Major central banks still have room to add stimulus, he says Bloomberg [OTTAWA] Mark Carney says his role when he takes over the Bank of England (BOE) this year will be to help with its “re-founding” and to encourage broader talksBloomberg; PHOTO: BLOOMBERG - 696 words
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Article309 2013-02-19 16 It will use G-8 presidency to lead efforts to help poor countries collect tax revenue Bloomberg [LONDON] Chancellor of the Exchequer George Osborne said the UK will use its Group of Eight presidency to advance policies on tax evasion, including measures to help poorerBloomberg - 309 words
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635 2013-02-19 16 Regulator pushing for mergers but buyers wary of debt Bloomberg [COPENHAGEN] The man who correctly predicted the failures that triggered Denmark’s banking crisis two years ago is now warning that a surge in bad loans will drag down more regional lendersBloomberg - 635 words
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WORLD
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Article464 2013-02-19 17 Economy minister says the current weakness will be ‘only temporary’ AFP [FRANKFURT] Germany, Europe’s biggest economy, will avoid the recession that has engulfed many of its partners in the region and return to growth in the first quarter of 2013, the Bundesbank said yesterday. “AsAFP - 464 words
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230 2013-02-19 17 Bloomberg [LONDON] Google faces further probes and “repressive action” by European Union (EU) data-protection agencies after failing to meet a deadline to say how it will bring its privacy policy in line with EU rules. Google hasn’t provided “any precise and effective” responsesBloomberg - 230 words
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493 2013-02-19 17 Dutch company says it will sell units in Brazil and China Reuters [AMSTERDAM] TNT Express, whose US$7 billion takeover by United Parcel Service (UPS) was blocked last month, reported a further loss yesterday, saying it would sell units in Brazil and China andReuters - 493 words
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252 2013-02-19 17 Reuters [LONDON] Pricing agency Platts has proposed changes to the way it assesses the Brent oil market following calls from the industry for a sweeping reform to boost liquidity and transparency of one of the world’s most important oil benchmarks. Platts said yesterdayReuters - 252 words
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Article, Illustration666 2013-02-19 17 Bloomberg [GENEVA] Novartis AG’s 72-million-Swiss-franc (S$97 million) payout to prevent outgoing chairman Daniel Vasella from working for a rival undermines the cause of campaigners fighting to avoid tougher curbs on executive pay in Switzerland. “This news is a setback for the campaign,” saidBloomberg; PHOTO: REUTERS - 666 words
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567 2013-02-19 18 Move will cut US$465m in debt and focus on North American operations Bloomberg [WILMINGTON] RDA Holding Co, publisher of the 91-year-old Reader’s Digest magazine, filed for bankruptcy to cut US$465 million in debt and focus on North American operations as consumers shift from print toBloomberg - 567 words
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206 2013-02-19 18 Reuters [MANILA] San Miguel Corp’s (SMC) flagship beer-making unit said it will launch an offer on March 4 to buy back shares held by minority stockholders at a steep discount to their last traded price before it delists from theReuters - 206 words
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882 2013-02-19 18 Bloomberg [MELBOURNE] A poultry producer and an in-vitro fertilisation business are among Australian companies that may revive the country’s moribund market for initial public offerings (IPOs) this year, lured by its strong stock market. At least four companies, including Inghams Enterprises PtyBloomberg - 882 words
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Article, Illustration441 2013-02-19 18 Sales hit US$410b, a 5% fall from US$411b in 2010 Reuters [STOCKHOLM] Arms sales by the 100 biggest weapons makers fell for the first time since the mid-90s in 2011 as economies slowed and military equipment purchases were reduced for operations inReuters; PHOTO: REUTERS - 441 words
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Article, Illustration404 2013-02-19 18 Reuters [CAMBRIDGE] President John F Kennedy’s Air Force One bomber jacket sold for US$570,000 at an auction on Sunday of items that belonged to a longtime aide, nearly 50 years after the president’s assassination. The jacket was among thousands of items, includingReuters; PHOTO: AP - 404 words
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Article, Illustration897 2013-02-19 20 Developers turning casual games into occasions for adults to wager NYT [SAN FRANCISCO] Look out Las Vegas, here comes FarmVille. Silicon Valley is betting that online gambling is its next billion-dollar business, with developers across the industry turning casual games into occasions for adultsNYT; FILE PHOTO - 897 words
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694 2013-02-19 20 NYT [WASHINGTON] President Barack Obama faces a knotty decision in whether to approve the much-delayed Keystone oil pipeline: a choice between alienating environmental advocates who overwhelmingly supported his candidacy or causing a deep and perhaps lasting rift with Canada. Canada, the United States’NYT - 694 words
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Article, Illustration541 2013-02-19 20 Bersani is favourite to become next PM after Feb 24-25 polls AFP [ROME] Pier Luigi Bersani, the favourite to become Italy’s prime minister after the upcoming general election, is a cigar-chomping former communist with a liberal economic streak and a down-to-earth manner.AFP; PHOTO: REUTERS - 541 words
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320 2013-02-19 20 Bloomberg [SYDNEY] Prime Minister Julia Gillard has been eclipsed by her opposition rival Tony Abbott as Australia’s preferred leader as the governing Labor party popularity slides ahead of elections due Sept 14. Support for Ms Gillard as prime minister slumped five percentageBloomberg - 320 words
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Advertisement1275 2013-02-19 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LEHMAN BROTHERS INVESTMENTS PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REG. NO: *****2778N) NOTICE OF INTENDED SECOND INTERIM DIVIDEND FOR UNSECURED CREDITORS Name of Company Address of Registered1,275 words
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Advertisement15 2013-02-19 18 www.omy.sg fl ft iH M t if 05 it Mi 1 ■a* SUrpr. M«1 news.omy.sg15 words
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Advertisement37 2013-02-19 18 HOT PROPERTY -k. B it pS®, Good y.e/d. n^a tenanted. MRr. M^'^no. Superhuman* hophou5 e, ~Sfi8|is^ for sale Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT37 words
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Advertisement324 2013-02-19 19 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS ft. Q 7S a RAI III IMI-S i KwTfD B PRINT IPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIXDMC-XS1GF ''Panasonic Micro Audio SC-HC27324 words
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Advertisement32 2013-02-19 20 fMm.3 r v SINGAPORE S HOT "orresr WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG32 words
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Advertisement225 2013-02-19 20 Win attractive cash prizes when you sign up or renew your Sharelnveslor membership plan. What’s more, you can now GROW the lucky draw prizes! I 150,000 Points TJ $6288 o' $4688 $3988 $2988 7,000 Points more $1088 21,000 Points $2188 CASH UION PARTICIPATION PRIZE Non-winners of the cash prizes will225 words
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AVIATION/SHIPPING
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Article, Illustration889 2013-02-19 21 Gwadar seen as energy and trade gateway and potential naval base AFP [ISLAMABAD] China’s acquisition of a strategic port in Pakistan is the latest addition to its drive to secure energy and maritime routes and gives it a potential naval base in the ArabianAFP; PHOTO: AFP - 889 words
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Article, Illustration557 2013-02-19 21 Reuters [MADRID] Workers at loss-making Spanish flag carrier Iberia were set to begin a five-day strike at midnight yesterday, grounding over 1,000 flights and costing the airline and struggling national economy millions of euros. Staff, including baggage handlers, pilots and air stewards,Reuters; FILE PHOTO: AFP - 557 words
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544 2013-02-19 21 However, military guards protect port from disruption NYT [CAIRO] Thousands of demonstrators shut down the administrative buildings of the Suez Canal terminal in the city of Port Said on Sunday, as part of a general strike protesting against the death sentences handedNYT - 544 words
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243 2013-02-19 21 Bloomberg [BRASILIA] Brazil’s Santos Brasil Participacoes SA, the country’s largest shipping-container operator, faces as much as 2 million reais (S$1.25 million) in losses from a half-day strike against a government port set for Friday. Workers at the Santos port will walk offBloomberg - 243 words
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Article240 2013-02-19 21 SGX '000 Feb 18 S$ +/-Vol CH Offshore 0.50 unch 250 Chuan Hup Hldg 0.29 unch 407 Cosco Corp 0.96 0.02 6502 Feb 18 Ezra Hldgs 1.16 -0.02 3950 First Ship Lea 0.14 unch 885 Freight Links 0.08 unch 3178 Grand Banks..............0.38 unch 2 Jaya Hold Ltd K1Ventures240 words
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Advertisement8 2013-02-19 21 To subscribe, call 6388-3838 or go to sphsubscription.com.sg8 words
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Page 21 Miscellaneous
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Miscellaneous364 2013-02-19 21 CRYPTIC CROSSWORD Across 1 Odd drink sent back causes uproar (6) 5 Undergo suspension during church alteration (6) 10 Expression of denial surrounding a church’s food from abroad (5) 11 Car from queue running over tailless rodent on island (9) 12 Gets used to airs after a time (7) 13364 words
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EDITORIAL & OPINION
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497 2013-02-19 22 EDITORIAL IN justifying the extraordinary monetary easing the US Federal Reserve has undertaken these past four years, its chairman Ben Bernanke spoke of the “wealth effect” that accrues from rising stock prices, the logic being that if stock prices are high and keep rising,497 words
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Article, Illustration819 2013-02-19 22 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent G20 Finance Ministers and central bank governors are spouting weasel words. At the Group of Twenty meeting in Moscow at the weekend, they once again pledged monetary stability and growth. They insisted that they were819 words
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Article, Illustration1000 2013-02-19 22 LEON HADAR - His rhetorical skills will come in handy to market an energetic trade agenda to Americans LEON HADAR Washington Correspondent PRESIDENT Barack Obama delivered a rousing and detailed State Of the Union Address before Congress last week. In the speech, hePHOTO: AFP - 1,000 words
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Article, Illustration1127 2013-02-19 23 YOGI AGGARWAL - To move further on path to effective reform, it needs to cut subsidies, end power theft and improve bill collection YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT OF the many problems afflicting the Indian economy, the pivotalPHOTO: REUTERS - 1,127 words
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Article, Illustration962 2013-02-19 23 MEGAN GREENE - By MEGAN GREENE The writer is a Bloomberg View columnist and chief economist at Maverick Intelligence. Until 2012, she was the director of European economic research at Roubini Global Economics LLC. The opinions expressed are her own Bloomb erg GREECE reported recently thatBloomberg; PHOTO: REUTERS - 962 words
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273 2013-02-19 23 LETTER TO THE EDITOR I REFER to the commentary “Defence tax for foreigners will hurt Singapore ultimately” by Kenneth Lim (The Business Times, Feb 15), which was also carried by The Straits Times the following day. Mr Lim explains that to increase the relative273 words
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Page 23 Advertisements
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Advertisement103 2013-02-19 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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Article1594 2013-02-19 24 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/New1,594 words
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Advertisement37 2013-02-19 24 PLACE YOUR AD HERE The Business Times Shippi I CALL JOE wor IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times37 words
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SINGAPORE STOCKS
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Article3295 2013-02-19 25 Transaction date: Feb 18 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom Vol --AAT Last Quote Div Gr Yld Net M Cap 159.5 104.5 AIMSAMPIReit 158 +1 430 158.53,295 words
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Article220 2013-02-19 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale C000) High Low Buyer Seller C’vr P/E Smil -0.7220 words
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Article10364 2013-02-19 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.4/ Aberdeen Asset Mgt Asia Limited 1.13/ Asian Local Ccy SD Bond EM Local Ccy Bond Asian Smaller tos'* 1.0022/ Global Emerging Markets!** EM local Ccy Bond 1.0137/ European Opportunities 1 1 1354/ Global Emerging10,364 words
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Article249 2013-02-19 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 45 30 Genting HK US$ US42.5 -0.5 5011 43 42.5 42.5 43 2798.4 Sale 260 181 TanChongInt HK256 -4 15 256 256 256 259 4.3 2.7249 words
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Article953 2013-02-19 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 117.5 -0.5 10 118.5 117.5 117.6 118.4 536.4 135.9 120.4 CIMB APAC Div 100S$D 135.8 135 135.9 111.7 95.8 CIMB953 words
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Advertisement16 2013-02-19 25 V LING 'fa CHRONtMETRE EI I a v CHRONOMAT BREITLING 1884 TEL. +65 6732 6347 BREITLING.COM16 words
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FINANCE & COMMODITIES
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Article619 2013-02-19 27 Feb 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.22 *****.46 *****.83 Mar13 *****.00 *****.00 *****.00 *****.00 *****9 *****4 Jun13 *****.00 *****.00 *****.00 *****.00 2753 ***** MSCI TAIWAN INDEX FUTURES SPOT 287.64 288.64 285.58 Feb13 287.10 287.30 285.10 286.20 0 *****5 Mar13 285.90619 words
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373 2013-02-19 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 15 Index Change Change Change Change Change Change World Preliminary 996.6 -0.2 6.2 -0.1 6.5 -0.3 5.1 EAFE Preliminary 822.1 -0.3 6.1 -0.4 5.1 -0.5 3.7 Europe Preliminary 1202.4 -0.1 4.8373 words
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Article470 2013-02-19 27 Feb 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.423 0.772 7.982 55.834 99.652 0.968 11.143 3.190 1.222 100.995 41.815 1.276 9.100 0.951 30.570 30.766 0.665 1.029 Canada 0.964 6.194470 words
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Article96 2013-02-19 27 Feb 18 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** vl y. -< j> ij' v 53 f Sfl T> 396 words
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Article137 2013-02-19 27 Feb 18 GOLD(US$/oz) Feb 18 Feb 15 Hong Kong 1625.80 1643.30 Feb 15 Feb 14 London 1605.92 1639.56 1606.78 1640.33 Source: Thomson Reuters CAST BAR Feb 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 64 5gm 410 322 10gm 733 643137 words
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Article84 2013-02-19 27 Feb 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 16-May-13 0.26 6-Month BS*****S 12-Aug-13 0.27 1-Year BY*****X 01-Nov-13 0.28 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 5-Year N*****0Z 2.375 01-Apr-17 107.7584 words
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Article57 2013-02-19 27 Feb 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2459.0 2474.0 2483.0 2459.0 1468 9792 Apr 13 2476.0 2511.0 2525.0 2476.0 ***** ***** May 13 2502.0 2536.0 2551.0 2502.0 ***** ***** Jun 13 2527.0 2557.057 words
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Article154 2013-02-19 27 Feb 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2754 1.2768 1.0291 1.0295 Canadian dollar 1.2301 1.2315 0.9930 0.9926 Euro 1.6526 1.6539 1.3335 1.3336 NZ dollar 1.0435 1.0449 0.8420 0.8425 Sterling pound 1.9172 1.9192 1.5470 1.5475154 words
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Article121 2013-02-19 27 As at 9am Feb 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.303 1.241 Can dollar 1.256 1.197 Euro 1.690 1.610 Sterling pound 1.955 1.880 NZ dollar 1.080 1.019 US dollar 1.262 1.202 Local dollars to 100 units of foreign121 words
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Article154 2013-02-19 27 Feb 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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 0.60 0.40 9 months 0.75 0.55 12154 words
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927 2013-02-19 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 Conv Asiatravel.com HoldingsW*****7 4 -1 39 1 25 17 Asiatravel.com HoldingsW*****5 4 -1 39 1 27 41 BakerTech W*****5 Prem Best World927 words
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Article108 2013-02-19 27 Feb 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1424.50 1418.00 1428.00 1415.00 May 13 1414.75 1408.50 1418.00 1405.25 Jul 13 1404.75 1399.25 1408.00 1396.50 Aug 13 1369.00 1363.25 1371.00 1362.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13108 words
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Article80 2013-02-19 27 Feb 15 COCOA (£/tonne) Close Prev High/Low Mar 13 1409 1418 1422/1406 May 13 1418 1427 1431/1417 Jul 13 1430 1438 1442/1429 Sep 13 1439 1446 1451/1437 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2022 2030 2039/2010 May 13 2057 2059 2070/2047 Jul 13 2068 2069 2080/2059 Sep 13 207680 words
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Article70 2013-02-19 27 CRUDE OIL PRODUCTS Feb 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.01 -1.03 WTI (Near Mth) 95.94 -1.42 Dubai (1-Mth F) 113.18 0.03 Tapis blend 123.92 -0.05 Minas 120.42 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 117 1.33 Jet Kerosene 136.38 -0.13 US$/barrel OpecOil Basket70 words
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Article22 2013-02-19 27 Feb 18 S$ Bid Offer 1-month 1.2394 1.2403 2-months 1.2394 1.2403 3-months 1.2394 1.2403 6-months 1.2393 1.2402 Source: OCBC22 words
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Article65 2013-02-19 27 Feb 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2127.25 2115.25 3 months 2168.00 2157.00 Copper, Grade A(US$/tonne) Cash 8172.00 8205.25 3 months 8206.00 8240.00 Lead(US$/tonne) Cash 2420.75 2394.25 3 months 2435.00 2406.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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PROPERTY
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Article, Illustration556 2013-02-19 28 Big jump in visitors to a record 6.73m fuels theme park’s 2012 earnings AFP [HONG KONG] Hong Kong’s struggling Disneyland said yesterday it made a profit in 2012 for the first time since opening eight years ago, thanks to a surge inAFP; PHOTOS: REUTERS - 556 words
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597 2013-02-19 28 Reuters [CHICAGO] Farmland values in the US Plains states jumped more than 20 per cent in the fourth quarter from a year earlier as farms sold at record high prices, with the biggest jump seen in irrigated land given the worst drought inReuters - 597 words
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Article, Illustration680 2013-02-19 28 Stimulus spending will boost building equipment demand Bloomberg [TOKYO] Komatsu Ltd, the Japanese maker of construction equipment whose sales have fallen for seven consecutive quarters in China, expects demand from the Asian nation to recover this year, aided by stimulus spending. The world’sBloomberg; PHOTO: REUTERS - 680 words
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265 2013-02-19 28 Bloomberg [LONDON] The Abu Dhabi Investment Authority is close to buying 42 hotels managed by Marriott International Inc and controlled by the Royal Bank of Scotland Group plc, according to a person familiar with the matter. The sovereign wealth fund,Bloomberg - 265 words
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Article, Illustration863 2013-02-19 29 Regulator wants to avoid a repeat of the 1990s property and banking crises Bloomberg [STOCKHOLM] Sweden’s financial regulator says it’s ready to tighten restrictions on mortgage lending to stop banks feeding household debt loads after a cap imposed during the crisis failed to stemBloomberg; PHOTO: BLOOMBERG - 863 words
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826 2013-02-19 29 Bonds with deeds as collateral get better shadow rating Bloomberg [STOCKHOLM] Swedish property deeds are becoming the new coin as real estate developers invent alternative ways to fund themselves in the bond market. Swedbank AB this month arranged a 1.17 billion krona (S$229Bloomberg - 826 words
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Article, Illustration345 2013-02-19 30 AMANDA TAN - Their strata areas range from 883 to 3,595 sq ft, adding up to 13,132 sq ft By AMANDA TAN SIX strata office units have been put up for sale on the 17th floor of Samsung Hub, a 999-year-leasehold, Grade A345 words
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939 2013-02-19 30 British developers in region adopt new marketing strategies NYT [HONG KONG] Wanted: deep-pocketed Asian investors for fledgling London property developments. In the past few weeks, at least seven London developers have flown east to places such as Hong Kong, Kuala Lumpur andNYT - 939 words
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Article, Illustration350 2013-02-19 30 Bloomberg [SHANGHAI] China Vanke Co, the biggest developer listed on Chinese exchanges, has entered a property venture in San Francisco, its first foray into the US real estate market. The company signed the deal on Feb 12, chairman Wang Shi wrote on hisBloomberg; PHOTO: AP - 350 words
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447 2013-02-19 30 Bloomberg [LONDON] UK home sellers raised their asking prices to the most in five years in February as inquiries from potential buyers increased, Rightmove plc said. Prices sought rose 2.8 per cent from January to £235,741 (S$451,930), the property website operator saidBloomberg - 447 words
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Article, Illustration573 2013-02-19 30 Reuters [SYDNEY] Australia’s Lend Lease Corp Ltd saw first-half profits jump 39 per cent on commercial sales for its US$6 billion Barangaroo Sydney waterfront development a project that has underscored growing interest in Australian property from foreign sovereign funds. “(Foreigners) are seekingReuters; PHOTO: BLOOMBERG - 573 words
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Page 28 Advertisements
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Advertisement186 2013-02-19 28 AUCTION SALE Rarely Available 4-storey Conservation Shophouses at Tanjong Pagar Road, District 3 2 adjoining units of 4-storey refurbished conservation shophouses Land 2,965 sq ft GFA 10,585 sq ft approximately (subject to survey) Master Plan 2008 zoned “Commercial” within “Tanjong Pagar (Chinatown)” Conservation Historical District Units are served by a186 words
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Advertisement85 2013-02-19 29 LaSalle For Sale By Tender Level 17 Samsung Hub Real value in a changing world m Opportunity To Acquire CBD, Grade A Strata Office Units Prime CBD Address 999-year leasehold land tenure Unit sizes range from 883 3,595 sq ft 100% occupancy with potential for rental increase on expiry Potential85 words
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Advertisement141 2013-02-19 29 (HI) LaSalle AUCTION 28 FEB 2013 Real value in a changing world m 39 BENOI ROAD A single-storey factory Land Area: Approx. 306,318 sq ft Floor Area: Approx. 117,989 sq ft •Tenure: 30 years wef 1/3/2001 Vacant possession For further enquiries Tricia Tan 9387 9668 MokSze Sze 9828 0866 please141 words
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Advertisement188 2013-02-19 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 debar Commercial Hub Site Area: 1,669.8 sqm/17,974 sq ft GFA: 5,036.14 sq m 7 54,208 sq ft Sale with vacant possession188 words
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