The Business Times, 18 April 2013

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Microfilm: NL32546
Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, April 18, 2013
    25 words
  • Article, Illustration
    Lock icon Fibre beckons, but costs mount for telcos
    953 1  -  New homes to come fibre-broadband ready; building owners to share the burden By JOYCE HOOI [SINGAPORE] The home of the (near) future will come fibre-broadband ready and have better indoor 3G coverage, but the age of faster and better Internet will be fuelled
    FILE PHOTO  -  953 words
  • Article, Illustration
    Lock icon Flagging exports show some signs of recovery
    662 1  -  By CHUANG PECK MING [SINGAPORE] Singapore’s non-oil domestic exports (NODX) dipped year-on-year for a second straight month in March, but the latest drop was not as deep as in February and less than expected. The pace of export growth is in fact picking
    Source: IE S’pore  -  662 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,291.46 (-0.12) EST INDEX FUTURES 3,271.00 (unch) HSIMSCI 373.04 (-0.02) GSIMSCI FUTURES 370.20 (+0.70) US$ S$ US$ (S$ per US$) 1.234 (US$/S$ per 1.532 1.891 EURO (US$/S$/€ 1.316 1.624 Foreign currency per US$ S$ YEN 98.10 79.50 RM 3.025 2.452 HK$ 7.762 6.291 BAHT 28.89 23.41 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 MARKETS Wednesday Change KL COMP 1,710.97 +10.44 NIKKEI 225 13,382.89 +161.45 HANG SENG 21,569.67 -102.36 SET INDEX 1,521.53 -5.79 JAKARTA COMP 4,998.65 +53.40 MANILA COMP 6,850.26 +63.93 SEOUL COMP 1,923.84 +1.63 SHENZHEN B 796.50 +7.72 MUMBAI IND 18,731.16 -13.77 12.00noon EDT Change DOW 14,607.40 -146.02 NASDAQ 3,203.10 -61.53
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 TAIWAN 13.412 TAIWAN 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
      21 words
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      168 1 EYE ON MYANMAR S’pore brand a winner PAGE 24 PROPERTY Two industrial properties in Jurong for sale PAGE 38 HOCK LOCK SIEW Time to take a close look at warrants COMMENTARY Gold bearishness is India’s best friend, says Vikram Khanna PAGE 4 PAGE 9 8 *****1 *****4 iHS -j mMwWM
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      554 2 Fibre beckons, but costs mount for telcos THE home of the future will come fibre broadband-ready and have better indoor 3G coverage, but the age of faster and better Internet will be fuelled by the funds of telcos and building owners. From May 1, any developer submitting a
      554 words
    • Article, Illustration
      Lock icon Gold pares losses on hope low prices will draw buyers
      667 2  -  Analysts see next support level at US$1,250 to US$1,310 an ounce By ANDREA SOH [SINGAPORE] Gold regained some of its shine yesterday as it rebounded slightly to US$1,382.44 a troy ounce at 9pm Singapore time, on speculation that the price
      Source: Thomson Reuters GFMS, World Gold Council  -  667 words
    • Article, Illustration
      Lock icon Gold bearishness is India’s best friend
      748 4  -  Fall in prices will help lop a big chunk off the current account deficit COMMENTARY VIKRAM KHANNA Associate Editor [SINGAPORE] I NDIAN brides-to-be will love it. So should the country’s finance minister, central bank governor and stock market investors. The crash in the price
      748 words
    • Article, Illustration
      Lock icon Thatcher laid to rest amid pomp and boos
      513 4 AP Bloomberg [LONDON] Margaret Thatcher, Britain’s Iron Lady, was laid to rest yesterday with a level of pomp and protest reflecting her status as a commanding, polarising political figure. Queen Elizabeth II, prime ministers and dignitaries from 170 countries were among the
      AP; Bloomberg; PHOTO: REUTERS  -  513 words
    • Article, Illustration
      Lock icon Pressure-cooker bombs used in Boston blasts
      704 4 AFP [BOSTON] US investigators on Tuesday told how two suspected pressure-cooker bombs sprayed nails and metal pellets into Boston marathon crowds, killing three people and injuring more than 180. But with no claim of responsibility made and police not committing to blaming foreign or
      AFP  -  704 words
    • Article
      Lock icon Wholesale electricity prices up 3.4% in 2012
      389 4  -  By RONNIE LIM [SINGAPORE] Energy prices were higher last year than in 2011, and this coincided with costlier fuel oil in 2012, according to Singapore’s electricity market watchdog. In its just-released 2012 annual report, the Market Surveillance and Compliance Panel (MSCP) said that
      389 words
    • Article
      Lock icon Malaysia’s Sunday poll makes traders jittery
      524 4  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S decision to hold its polls on May 5, a Sunday, could prove disruptive to the equities market when it resumes on Monday given that investors will have less time to digest the results of what is expected
      524 words
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      110 2 Net Profit US$0.6 billion up by 6.7% on March 2012 587 551 469 348 278 March March March March March March 2008 2009 2010 2011 2012 2013 3&QNB Total Assets US$104.4 billion up by 22.2% on March 2012 104.4 85.5 66.7 Q 50.3 cn 38.6 p 35.8 March March March
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      211 3 i. K5 v P 7543 WOB Li i The Passat 1.8 TSI. How an executive sedan should be. This beautifully designed, German-engineered sedan is now available at an equally exceptional price. It has all the features you’d expect from a car of its class, and a few you might not,
      211 words
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      Lock icon Page 4 Advertisements Column 1
      191 4 4-To-Go HSBC Exclusive m 3-NIGHT BEST OF MALAYSIA CRUISE MARINER OF THE SEAS Departures: Jun 1, Nov 15, 22,29, Dec 6,13,20 Port-of-call: Kuala Lumpur (Port Klang) IT 4/5-NIGHT ISLES OF SOUTHEAST ASIA CRUISE MARINER OF THE SEAS Departures: Jun 4, Nov 10 A 18,25, Dec 2,9,16,23 A 28 A Ports-of-call:
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  • Page 5 Advertisements
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      155 5 itj^ W' L PT cordliff 11 cordlife nn p chant r: n jj. 1 i f -5# v k —L f < Z'. O >/rAT r y* 1 <%« cordlife one chance, one choice. j Cordlife on the official opening of your new facility at A’Posh Bizhub. The largest* cord
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  • COMPANY NEWS
    • Article
      Lock icon Europtronic to buy Gold Impact in $160m RTO deal
      477 6  -  It will sell existing businesses to CEO, turning group into a gold-mining player By LEE MEIXIAN ELECTRONIC components maker Europtronic Group plans to transform itself into a gold-mining player through a reverse takeover deal and the disposing of its existing businesses.
      477 words
    • Article, Illustration
      Lock icon FCT’s Q2 DPU rises 8% to 2.7 cents
      379 6  -  By JASMINE NG FRASERS Centrepoint Trust’s distribution per unit (DPU) for the second quarte ended March 31, 2013, rose 8 per cent to 2.7 cents. This excludes retained cash of 0.15 cent per unit, which will be used to “moderate the DPU
      LIANHE ZAOBAO FILE PHOTO  -  379 words
    • Article
      Lock icon MLT posts DPU of 1.73 cents in Q4
      478 6  -  Gross revenue up on enlarged portfolio, higher contributions By MINDY TAN MAPLETREE Logistics Trust reported a distribution per unit (DPU) of 1.73 cents for the fourth quarter ended March, up 1.8 per cent over the previous year. Amount distributable to unitholders was
      478 words
    • Article, Illustration
      Lock icon Keppel Land net profit drops 31.9% in Q1
      404 9  -  Turnover up 21.6%; profit from property trading falls 57% to $56.9m By MINDY TAN KEPPEL Land clocked a net profit of $96.6 million for the first quarter ended March 2013, down 31.9 per cent from $141.9 million a year ago. Turnover rose
      FILE PHOTO  -  404 words
    • Article
      Lock icon Time to take a close look at warrants
      769 9  -  HOCK LOCK SIEW By VEN SREENIVASAN IN 2008, shortly after Lehman Brothers collapsed, a scared Wall Street banking giant, Goldman Sachs, turned to the legendary Warren Buffett to shore up its capital and restore market confidence. Mr Buffett, the ever savvy investor,
      769 words
    • Article
      Lock icon Keppel T&T net profit for Q1 up 4% at $15m
      206 9  -  By NG SAI YING KEPPEL Telecommunications Transportation’s (Keppel T&T) net profit for the first quarter ended March 31, 2013, rose 4 per cent to $15 million from $14.4 million a year ago. The three months saw group revenue rising 10.1
      206 words
    • Article
      Lock icon AIMS AMP ups size of private placement
      477 10  -  Issue raised to $110m due to strong demand; unit price fixed at $1.60 By CARINE LEE AIMS AMP Capital Industrial Reit has raised the size of its private placement of new units from $100 million to $110 million because of strong demand. The
      477 words
    • Article, Illustration
      Lock icon Sembcorp’s India plant signs long-term deal
      326 10  -  Power purchase contract made with state-owned firms By LYNN KAN SEMBCORP Industries’ sole power plant in India has secured its first long-term power purchase agreement with a group of Andhra Pradesh state govern-ment-owned power distribution companies. The coal-fired plant located in Krishnapatnam will sell
      326 words
    • Article
      Lock icon Stamford Land to buy Australian properties
      209 10  -  By TEO SI JIA STAMFORD Land Corporation yesterday unveiled plans to acquire freehold properties in New South Wales, Australia for a total consideration of A$23.7 million (S$30.4 million) for residential property development. The hotel operator and property developer said yesterday that its wholly owned
      209 words
    • COMPANY BRIEFS
      • Article
        Lock icon Sin Heng sets up Indonesia subsidiary
        58 10 CRANE supplier Sin Heng Heavy Machinery has completed the incorporation of a US$300,000 subsidiary in Indonesia for the wholesale of equipment and after-sales service. The capital for PT SH Machinery Indonesia was internally funded. Shares of Sin Heng closed at 24 cents yesterday, lower
        58 words
      • Article
        Lock icon ecoWise injects 13m yuan into tyre JV
        89 10 ENERGY and environmental solutions provider ecoWise completed the final round of capitalising 65 per cent subsidiary Chongqing eco-CTIG Rubber Technology Co with a 13 million yuan (S$2.56 million) injection. It invested the same amount in an initial round of funding in January. The
        89 words
      • Article
        Lock icon SATS hires Hyflux CFO after 8-month hunt
        93 10 AIRLINE gateway services provider SATS has hired Hyflux chief financial officer Cho Wee Peng to be its new CFO, effective July 1, after an eight-month search. Hyflux, a water treatment specialist, said current senior vice-president of finance Lim Suat Wah will take over
        93 words
      • Article
        Lock icon Boardroom completes China unit’s buyout
        67 10 CORPORATE services provider Boardroom has completed a $1 million buyout of its 40 per cent partner in Boardroom China Holdings, and it now has full ownership of the subsidiary. Seller LSC Management Consultants had exercised a put option on that stake. The consideration was funded
        67 words
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      355 6 RHTLaw TaylorWessing International Capabilities Delivered Locally Your Leading Local International Law Firm Offering an integrated service across the full range of practice areas, with over 900 legal professionals, including over 350 partners across 22 offices in Asia, the Middle East and Europe speaking more than 20 different BEIJING BERLIN BRATISLAVA
      355 words
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      239 7 be indulged, be home v_ WHERE you ARE AT ONE WITH NATURE. WHERE YOU HAVE SPACE TO SPREAD YOUR WIRES. WHERE YOUR CHILDREN ARE FREE 10 EXPLORE, PREMIER UPPER BUKIT TIMAH HOUSES BY AWARD WINNING ONGBDNG Be overwhelmed by the beauty op this luxurious development, Designed with you in mind,
      239 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI ends flat, taking cue from HK
      602 8  -  Wall Street-inspired gains erased after sellers emerge following HK loss and weak Europe opening STOCKS R SIVANITHY Senior Correspondent TUESDAY’S bounce on Wall Street’s first pushed the Straits Times Index up 10 points to an intra-day high of 3,301 yesterday but once Hong
      Source: Bloomberg  -  602 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Apr 17 VALUE CLOSE BT OB/OS -491.00 -62.00 BT CADI -*****.00 -56.00 BT 10-day MA -*****.00 -49.00 FTSE ST Mid Cap 834.73 -0.54 FTSE ST Small Cap 581.92 -0.18 FTSE ST All Share 815.21 -0.13 FTSE ST China Top 217.19 -0.74 FTSE ST China 246.51 -0.24 FTSE
      73 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 36 63 44 6 14 9 42 77 53 Commerce 20 19 20 4 6 4 24 25 24 Tpt/Stor/Comms 13 17 10
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,641 20,641 84,088 84,088 Manufacturing 431,981 332,969 764,950 243,094 28,962 272,055 Commerce 111,185 71,426 182,611 73,519 7,884 81,403 Tpt/Stor/Comms 154,525 11,232 165,757 254,929 4,303 259,231 Finance 118,122 40 118,162 274,280 19 274,299 Construction 308,014 63,052
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    • Article
      Lock icon BROKERS’ TAKE
      961 8  -  Compiled by Kenneth Lim Singapore Exchange April 17 close: S$7.79 DMG Partners Research SINGAPORE Exchange’s (SGX’s) Q3 FY13 net profit of S$98 million (+26 per cent y-o-y; +28 per cent q-o-q) came in at the upper end of our estimate range but was in line with consensus, with
      961 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.950 -0.050 CapitaLand 3.450 -0.020 CapitaMall 2.260 -0.020 CityDev 10.950 -0.200 ComfortDelGro 1.910 -0.015 DBS Grp 15.500 -0.020 GLP 2.770 +0.010 Genting SP 1.420 Golden Agri 0.540 -0.005 HK Land 7.540 +0.080 HPH Trust US$ 0.820 -0.020 JMH 66.500 +0.010 JSH
      114 words
    • Article, Illustration
      Lock icon New pressure on yen as gold jitters ease
      462 8 CURRENCIES Reuters [SINGAPORE]The yen fell broadly yesterday and will likely suffer further losses in coming sessions, succumbing to renewed pressure after a steadying of gold prices from an earlier dramatic slide helped risk assets recover. The highly liquid Japanese currency, which is
      Reuters; PHOTO: BLOOMBERG  -  462 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME IPCO Intl 201,040,000 SunlightGrp 191,222,000 Innopac 94,989,000 Contel 90,367,000 SingHaiyi 90,172,000 YHM 62,462,000 HPH Trust US$ 58,078,000 See Hup Seng 50,337,000 CarrierNet 49,838,000 MapletreeGCC 46,006,000 VALUE($) SingTel 114,668,230 DBS Grp 97,190,590 SPH 90,069,126 UOB 69,510,150 GLP 66,068,260 HPH Trust US$ 58,548,653 OCBC Bk 53,359,980 Ascendasreit 52,531,300
      56 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 561.2 4.4 GLD 10US$ ***** 207.2 1.3 Hyflux 6% CPS 10 ***** 148.0 1.4 IS S&P500 ***** 80.2 0.4 Lyxor MS India 10US$ 1365 65.4 4.0 DBXT MSKorea 10US$ 5659 54.3 0.8 DBXT MSTHAI 10US$ 2289 50.6 1.8 OCBC Bk 5.1%NCPS
      118 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 3112 -70.3 -1.8 Jardine C&C 5062 -23.0 -0.5 CityDev 1095 -20.0 -1.8 People's Food 124 -14.0 -10.1 DBXT MSJAP 10US$ 4386 -12.3 -0.2 UOL 697 -10.0 -1.4 SPH 423 -9.0 -2.1 Wilmar BPeCW*****2 26 -8.5 -24.6 STXPO 100 402 -8.0 -2.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      Lock icon Page 9 Advertisements Column 1
      122 9 Place your risk in the market, not in your price, m m h a ku h a a Many Forex brokers claim to offer extremely low prices down to 0.8 pips. But, what's the point of a good price if you don't have the liquidity to make the most of
      122 words
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      439 10 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2013 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the first quarter ended 31 March 2013. 1Q 2013
      439 words
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      Lock icon Page 10 Advertisements Column 2
      59 10 I fiW BOAiasia 18 21 APRIL 2013 Singapore’s leading boating luxury lifestyle event MARINA AT KEPPEL BAY SINGAPORE WWW.BOAT-ASIA.COM Presenting Sponsor AlcLare AUTOMOTIVE Produced by a TMX In Partnership with IY1 fl R IN R" Official Card Official Car Official Timepiece CORUM Official Champagne Official Logistics Partner 11 LAP Official
      59 words
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      172 11 THE GREEN COLLECTION GOLF VILLAS BY ELEVATION ONE OF THE WORLD’S FINEST ADDRESSES IS NOW AVAILABLE FOR LEASE A SLICE OF PERFECTION CRAFTED BY A TRIO OF WORLD-RENOWNED DESIGNERS Overlooking the fairways of Tanjong Golf Course, The Green Collection is distinguished by exceptional design and unprecedented location. An exclusive enclave
      172 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Cisco opens new regional HQ here
      424 12  -  Facility brings under one roof 1,000 employees from the IT giant’s 4 offices around the island By NG ZHUO YANG GLOBAL IT leader Cisco has officially opened its new regional headquarters (HQ) in Singapore. It also marked its 20th year of operations here during
      424 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New name, focus for enabled living centre
        110 12 THE Centre for Enabled Living (CEL), a first-stop centre for persons needing care and their caregivers, will be renamed “SG Enable” to reflect its new focus on enabling those with disabilities. The Ministry of Social and Family Development (MSF)announced yesterday the agency will
        110 words
      • Article
        Lock icon Citigroup software for trade finance
        77 12 CITIGROUP unveiled its proprietary trade finance software at its annual Asia-Pacific Treasury and Finance Conference yesterday. Developed by Citi Innovation Lab in Singapore, the module is designed to help Citi’s corporate clients improve their working capital and optimise their balance sheet. The software, recognised for
        77 words
    • Article
      Lock icon No plans to develop Ubin in near future: SLA
      403 12  -  Residents who want to stay on island can apply for temporary occupation licence By NATHANIEL CHEW THERE are no plans for the development of stateowned Pulau Ubin land for the foreseeable future. The Singapore Land Authority (SLA) said yesterday that it
      403 words
    • Article
      Lock icon Scheme pairs MNCs with social enterprises
      565 12  -  By GRACE NG A PROGRAMME to build relationships between social enterprises (SEs) and multinational corporations was launched yesterday. Called the Social Enterprise Partner Programme, it aims to be the avenue through which these companies share skills and best practices with the SEs, and carry
      565 words
    • Article, Illustration
      Lock icon Marina Square gets $95m expansion
      399 12  -  By NATHANIEL CHEW IN its first major redevelopment since 2006, Marina Square shopping mall is adding two new wings to its premises. The first is a new gourmet dining zone, branded as The Dining Edition, which will be completed by June. The second is a
      399 words
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      88 12 STAMFORD CELLARS THE ULTIMATE WINE CELLARAGE Located in Asia’s only ultra-high security freeport dedicated to the storage of fine art and high value collectibles, Stamford Cellars at The Singapore Freeport is committed to absolute standards and highest level of confidentiality. Stamford Cellars the ultimate wine cellarage for wine collectors. For
      88 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon BN-snubbed politicians play independent candidate card
      678 13  -  They include Perkasa chief Ibrahim Ali and ex-deputy minister Sharif Omar By S JAYASANKARAN in Kuala lumpur A DAY after it became clear that Ibrahim Ali, head of right-wing group Perkasa, would not be the Barisan Nasional (BN) candidate for a parliamentary seat in
      678 words
    • Article
      Lock icon Opposition win would pose risk to tycoons
      557 13 Bloomberg [KUALA LUMPUR] Malaysian companies controlled by billionaires T Ananda Krishnan and Syed Mokhtar Al-Bukhary face the risk of increased competition and government scrutiny should opposition parties win next month’s election. Anwar Ibrahim’s three-party Pakatan Rakyat pledged in its manifesto to abolish monopolies
      Bloomberg  -  557 words
    • Article
      Lock icon Indonesia expects small savings from petrol price hike
      398 13 Reuters [JAKARTA] One proposal that Indonesia is considering to make car owners pay more for their petrol would save only 11 per cent of the roughly US$20 billion that the state has budgeted this year for fuel subsidies, the energy minister said
      Reuters  -  398 words
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      238 13 NEW LAUNCH! TOP OBTAINED! IMAGINE WAKING UPTOTHISVIEW EVERY MORNING. *v vs** r t i 11 m .1 1101 m Bungalows /The Sea Rare Luxurious Seafront Living 8 elegant seafront bungalows wth 4 storeys, me udmg attc and I basement level Private lift from basement to the attic Jacuzzi, private pool
      238 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Indian govt told to fortify FDI rules
      752 14  -  Local firms allege foreign money is flowing into restricted sectors By NEETA LAL in New Delhi THE Reserve Bank of India has recommended that the government insert a special clause in its foreign direct investment (FDI) policy to prevent foreign funds from surreptitiously
      752 words
    • Article, Illustration
      Lock icon Beijing set on widening yuan’s trading band
      418 14 Markets not moved by central bank official’s comments Reuters [SHANGHAI] China is committed to widening the in-tra-day trading band of the yuan, a Chinese banking official was quoted as saying. The remarks by Wang Yu, a deputy director-gener-al of the research bureau of
      Reuters; PHOTO: REUTERS  -  418 words
    • Article
      Lock icon US creating tensions in Asia: China paper
      442 14 NYT [HAIKOU] China published a national defence paper on Tuesday suggesting that the United States was creating tensions in the Asia-Pa-cific region by strengthening its military presence and reinforcing its alliances there. The paper, released by the Ministry of Defence, did not declare
      NYT  -  442 words
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      325 14 ST[2X3T. -139ST3S12 A1+C.,3B0=A C+,3, +?=@7 0.=?35<,., HB&L 4!BN9 $4"":7 0. 0.=?3/=5,2= ?/3,2= ?+8C32 +?3?A+ 53+C \!&BEA $K^ *4NH&B7 @&’> H_F @FJ&BE *-A;T1 3912Y593 F!L&@@]E F‘]@ FBN >N’8 QMGMI F‘]J _]&>N!<E]E (_&F(N F’> ‘]B+ F‘]J >N’> @F(_F!!N’J F’> !!N ’>&. DF@&BN 4N‘ >N’> @BF>>N‘ (_&@<]’ H_N _]&>N!<E]E @N !!F8 @N F‘&(FB
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  • INDIA
    • Article, Illustration
      Lock icon Gold-crazy Indians throng stores as prices collapse
      742 15 Physical demand in the country may stem 18% slide in prices this year Bloomberg [MUMBAI] Gold buyers in India, the world’s biggest consumer, are flocking to stores to buy jewellery and coins, betting a selloff that plunged bullion to a two-year low may
      Bloomberg; PHOTO: REUTERS  -  742 words
    • Article
      Lock icon New theme park aimed at growing middle-class
      426 15 Adlabs Imagica to feature rides that appeal to Indians AFP [MUMBAI] India’s most elaborate theme park opens this week with spe-cial-effect Hindu gods and Bollywood-themed rides, aiming to tap a thirst for family entertainment among the country’s rising mid-dle-class. Adlabs Imagica, which cost
      AFP  -  426 words
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      50 15 i\$) budget tour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... /Company Incentive Trips Off-site Meetings /Special Interest Tours /Tradeshows /Educational Tours /Pilgrimage Tours /Church Retreats /Local Sightseeing Tours /Coach Charter Tel: 6737 1811 Email: sales©budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore *****9
      50 words
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      Lock icon Page 15 Advertisements Column 2
      138 15 experience escape r As you reflect on a day of warm welcomes and enriching experiences you are embraced by a feeling of calm. This is a place where your soul is revived and your senses enlivened. There’s something familiar about the way the light reflects on the ocean that stirs
      138 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Key study on austerity may be flawed
      632 16 Conclusion that excessive debt-to-GDP ratio hurts growth includes coding errors, data exclusion Reu ters [NEW YORK] One of the key intellectual touchstones in the move towards government austerity efforts around the world may have been incorrect in its conclusions due in part to
      Reuters  -  632 words
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      1423 16 Keppel Land Limited (Incorporated in Singapore) (Co. Reg. No.: *****0001G) 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2013 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the first quarter ended 31 March 2013: First Quarter Note 31.03.13 31.03.12 $’000 $’000
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  • WORLD
    • Article
      Lock icon Italy to seize US$2.35b assets as bank probe widens
      700 17 Question is whether Nomura had helped to hide losses at Monte dei Paschi NYT [FRANKFURT] Italian officials have ordered the police to seize assets worth US$2.35 billion from the bank Monte dei Paschi di Siena, as they broadened their investigation into
      NYT  -  700 words
    • Article, Illustration
      Lock icon SAC insider trading case: judge to wait for ruling on Citigroup
      415 17 AP [NEW YORK] A judge approved a US$602 million payment that would resolve insider trading allegations against SAC Capital Advisors pending a ruling in another case that involves Citigroup and the SEC. Judge Victor Marrero said the settlement payment
      AP  -  415 words
    • Article
      Lock icon Daimler sells rest of EADS stake to focus on core biz
      491 17 It’s pursuing global growth with 2.2b euro sale proceeds Bloomberg [LONDON] Daimler AG, the world’s third-largest maker of luxury cars, sold its remaining stake in Airbus SAS parent European Aeronautic, Defence Space Co for 2.2 billion euros (S$3.6 billion)
      Bloomberg  -  491 words
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      Lock icon Yahoo sales forecast falls short of estimates
      811 18 Push to revamp products fails to reverse decline in display-ad sales Bloomberg [SAN FRANCISCO] Marissa Mayer’s plan to turn around Yahoo! Inc is facing setbacks, after the Web portal reported a drop in its main display advertising business and gave a sec-ond-quarter sales
      Bloomberg  -  811 words
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      Lock icon LVMH shares pounded for ‘flattish’ sales in China
      683 18 Asian consumers account for about 50 per cent of Vuitton sales Bloomberg [PARIS] LVMH Moet Hennessy Louis Vuitton SA fell to the lowest in five months in Paris trading after saying weaker Asian demand contributed to the slowest growth in sales of
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      Lock icon Goldman’s Q1 earnings point to its resilience
      866 18 But the bank faces same harsh markets and regulatory burdens as its rivals NYT [NEW YORK] After flying into Sao Paulo last month, the president of Goldman Sachs declared that his firm and JPMorgan Chase were the last two investment bank giants standing.
      NYT  -  866 words
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      Lock icon IMF asks central banks to monitor policies
      396 19 It says their easing supports growth but could inflate asset bubbles AP [WASHINGTON] The International Monetary Fund (IMF) is urging the US Federal Reserve and other central banks to closely monitor their extraordinary efforts to jump-start economic growth, warning that the policies could
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      Lock icon BofA to settle mortgage investors’ lawsuit
      386 19 AP [NEW YORK] Bank of America has agreed to settle a class-action lawsuit brought by investors who bought mortgage investments from Countrywide Financial, the Californiabased lender it acquired in 2008. The announcement came as the US’s second biggest bank reported higher net income for
      AP  -  386 words
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      Lock icon European car demand plunges
      478 19 Sales seen hitting 20-year low as German boom ends Bloomberg [LONDON] European car sales are sliding to a 20-year low after German concerns over the debt crisis sent demand plunging last month in the region’s biggest economy and removed the main buffer protecting carmakers. Registrations in
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      Lock icon Lloyd’s insurer up for sale: source
      188 19 Reuters [LONDON] Lloyd’s of London underwriter Cathedral Capital is being put up for sale by its private equity owner and could fetch more than £250 million (S$470.6 million), a source familiar with the matter said yesterday. Private equity group Alchemy Partners, which owns a
      Reuters  -  188 words
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      295 17 THE LO NDON EYE THE SHARD BATTERS EA POWER STAT ION HOUS ES OF PARLIAM ENT EXCLUSIVE WORLD PREMIER LAUNCH Exclusive Exhibition: 19th 21st April 2013 11am 7pm 88 UPPER RICHMOND ROAD LONDON SW15 LUXURY PLAZA LIVING IN LONDON The perfect location from which to enjoy London’s cosmopolitan city. Collection
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      762 18 s* *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BELMONDO INTERNATIONAL LIMITED Company No.*****49 (In Voluntary Liquidation) NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that BELMONDO INTERNATIONAL LIMITED is in voluntary liquidation. The voluntary liquidation commenced on 6th March 2013 and
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      95 19 I H OUR DISPLAYS HOLD YOUR Attention OUR MUSIC MOVE YOUR FEET Luxury isn't replacing elevator music with a jazz quartet. It's keeping you upbeat as you wait for a friend who's been running late for the last three songs. Music EnVogue (8 26 April): Monday Alina Ramirez Latin Trio
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  • SINGAPORE BUSINESS AWARDS 2013
    • Article, Illustration
      Lock icon In the glow of a memorable night
      1060 20  -  By FELDA CHAY WHAT’S the recipe for a smashing good time at an awards gala dinner? Start with a ballroom filled with folks dressed to the nines, and good hosts to make them all feel at home. Add great food and wine, foot-tapping
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      285 22 / 23 Gfr \'se -to u V 5 m 1 n 'iijimj w WHICH DIRECTION SHOULD MY PROPERTY n If this is among your concerns when buying a property, STProperty has the right tools for you! Use our fengshui tools to check: Ideal facing of your property Auspicious dates to sign your
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  • SPECIAL FOCUS
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      Lock icon S’pore brand a winner in Myanmar
      1164 24  -  Firms here can tap their reputation for a larger slice of growth pie in the resource-rich nation By KRYSTAL CHUNG The writer was on a team of final-year journalism students from the Nanyang Technological University’s Wee Kim Wee School of Communication and Information which
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      611 24 Attain All-Round Sales Performance Excellence Who should attend: Sales Business Development Managers; Business Consultants: Senior and Middle Management; Account, Sales Marketing Executives and Managers Productivity and Novation Credit fP/Q Claimable 2013 APRIL SERIES FULL-DAY WORKSHOPS Easy Marketing Tactics to Generate Sales Leads Promotion or marketing is viewed as an expensive
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  • AVIATION / SHIPPING
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      Lock icon HK port contractors offer higher wages to striking workers
      405 25 Labour Secretary says govt mediation has helped to narrow differences Bloomberg [HONG KONG] Port contractors at Li Ka-shing’s Hongkong International Terminals Ltd offered higher wages to dockworkers in a bid to resolve their three-week strike as workers took their protest to
      Bloomberg; PHOTO: BLOOMBERG  -  405 words
    • Article
      Lock icon China Southern may fly A380s to Sydney
      531 25 Talks with Air China to cooperate on flights to Paris stall Bloomb erg [HONG KONG] China Southern Airlines Co, the nation’s only operator of Airbus SAS A380s, may fly the superjumbo to Sydney as the carrier’s talks with Air China Ltd to cooperate
      Bloomberg  -  531 words
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      Lock icon No clue yet as salvage operation continues
      447 25 LION AIR CRASH AFP [DENPASAR, Indonesia] An Indonesian salvage team on Tuesday used a crane to haul seats and baggage out of a plane that crashed in Bali, as investigators probe what caused the jet to go down. The Lion Air plane missed
      AFP; PHOTO: AFP  -  447 words
    • Article
      Lock icon Systems restored but more cancellations likely: American
      438 25 No evidence technical problems were linked to Monday’s blasts in Boston, says the airline Reuters [WASHINGTON] American Airlines said its computer systems were restored and flights had resumed after intermittent breakdowns on Tuesday forced it to ground hundreds of US flights, but warned
      Reuters  -  438 words
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      62 25 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices WATS NOTICES \_CLA/FEB1J/g_ tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY MILLION DOLLAR WRITER Amish Tripathi talks about his new book deal and movie based on his first book sof 7S Changi Airport woos
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  • Page 25 Miscellaneous
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      339 25 CRYPTIC CROSSWORD Across 1 High positions for Sun-follow-er politicians (12) 9 Attend, being exhausted (4) 10 Bloggers en masse? Only half seem grown up, sadly (9) 12 Pieces of music being performed in practice sessions (6) 13 Finish in German city that’s more fashionable (8) 15 Launches fantastic reductions (10)
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  • EDITORIAL & OPINION
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      Lock icon A free ride that’s well worth taking
      508 26 EDITORIAL THE move to give early birds free train rides into the city is a $10 million experiment that should be well worth the venture. That’s how much the year-long trial starting June 24 is expected to cost the government coffers. At stake
      508 words
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      Lock icon Eurozone morass: 2-tier currency may be way out
      737 26  -  THE BOTTOM LINE ALLAN H MELTZER The writer is Professor of Political Economy at the Tepper School, Carnegie Mellon University, and Distinguished Visiting Fellow at the Hoover Institution, and the author of ‘Why Capitalism?’ RECENTLY, French President Francois Hollande declared that Europe’s
      737 words
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      Lock icon Don’t dump gold yet, inflation is still alive
      986 26  -  Financial markets should lift their gaze from bond, currency yields and focus on real hedges ANTHONY ROWLEY Tokyo Correspondent FOR gold to plunge in price in the way it has this week, at a time when leading central banks around the world
      PHOTO: REUTERS  -  986 words
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      Lock icon The eurozone’s driving force
      1158 27  -  Germany is the undisputed economic engine that is propelling the region forward STEFAN RONDORF The writer is a capital market strategist in the global economics strategy department at Allianz Global Investors IN the space of just one decade, Germany has evolved from “sick man” to becoming
      PHOTO: REUTERS; Source: Datastream, Allianz Global Investors Economics & Strategy; as at November 2012  -  1,158 words
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      Lock icon Urban settings can help in countering terrorism
      922 27  -  By EDWARD GLAESER The writer, an economics professor at Harvard University, is a Bloomberg View columnist. He is the author of ‘Triumph of the City’. The opinions expressed are his own Bloomberg THE April 15 bombings at the Boston Marathon show little of
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  • Article
    Lock icon SHIPPING TIMES
    1473 28 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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      82 28 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE .The Business Times Shipping Times CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3294 29 Transaction date: Apr 17 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 5.8 3 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr 174 106
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      Lock icon SGX CATALIST
      220 30 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 1.9 unch 1052 1.9 1.7 1.7 1.9 30.2 Vol Cooo) Day High Last Quote Low Buyer
      220 words
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      Lock icon UNIT TRUST & FUNDS
      10458 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 1.0014/ Asian Smaller Cos!" 1 9996/ EM local Ccy Bond 1 0173/ European Opportunities!’’ 1.1553/ Global
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      Lock icon GLOBALQUOTE
      257 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46.5 30 Genting HK US$ US44 unch ***** 44.5 43.5 43.5 44 2897.2 10.5 3 OGL Resources A$ A3.8 -0.2 140 3.8 3.8 3.4 3.8 0.6
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      Lock icon SGX ETF
      914 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 136.8 120.4 CIMB APAC Div 100S$D 136.1 135.2 136.1 111.7 95.8 CIMB APAC Div 100US$ US109.2 109.6 110.4 11.5 1421 1246 CIMBASEAN40 100S$D 1387 1388
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      634 31 Apr 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.50 *****.50 *****.69 Jun13 *****.00 *****.00 *****.00 *****.00 *****8 *****5 Sep13 *****.00 *****.00 *****.00 *****.00 40 3906 MSCI TAIWAN INDEX FUTURES SPOT 280.15 281.14 279.22 Apr13 279.30 280.10 278.30 279.20 ***** *****9 May13 278.30
      634 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Apr 16 Index Change Change Change Change Change Change World Preliminary 1025.1 0.3 9.3 0.3 8.5 0.3 7.3 EAFE Preliminary 850.2 -0.7 9.8 -0.7 6.7 -0.6 5.4 Europe Preliminary 1201.8 -0.6 4.8
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      Lock icon INTERBANK CROSS RATES
      472 31 Apr 17 Apr A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.061 6.393 0.787 8.039 55.889 100.525 1.016 11.583 3.133 1.224 101.861 42.710 1.278 9.463 0.956 30.934 29.915 0.676 1.036 Canada 0.943
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      Lock icon SIBOR
      64 31 Apr 17 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      64 words
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      Lock icon PRECIOUS METALS
      142 31 Apr 17 GOLD(US$/oz) Apr 16 Apr 17 Hong Kong 1387.50 1394.00 Apr 15 Apr 16 London 1358.41 1389.74 1359.43 1390.88 Source: Thomson Reuters CAST BAR Apr 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 55 5gm 350 273 10gm 625 546
      142 words
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      Lock icon GOVERNMENT SECURITIES
      86 31 Apr 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 11-Jul-13 0.24 6-Month BS*****W 18-Oct-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.12 5-Year N*****0T 2.375 01-Apr-17 100.06
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      Lock icon PALM OIL
      58 31 Apr 17 Apr KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2292.0 2284.0 2292.0 2253.0 661 4540 Jun 13 2305.0 2297.0 2305.0 2265.0 7366 ***** Jul 13 2307.0 2301.0 2310.0 2269.0 ***** ***** Aug 13 2310.0
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      Lock icon INTERBANK CURRENCY RATES
      157 31 Apr 17 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2772 1.2786 1.0355 1.0358 Canadian dollar 1.2040 1.2056 0.9767 0.9762 Euro 1.6235 1.6250 1.3163 1.3164 NZ dollar 1.0436 1.0447 0.8461 0.8463 Sterling pound 1.8898 1.8917
      157 words
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      Lock icon CHICAGO BOT
      108 31 Apr 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1411.50 1395.00 1417.00 1389.00 Jul 13 1375.25 1356.00 1377.75 1350.50 Aug 13 1328.25 1314.25 1330.00 1310.25 Sep 13 1260.25 1248.50 1262.50 1245.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      108 words
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      Lock icon LIFFE
      94 31 Apr 16 Apr COCOA(£/tonne) Close Prev High Low May 13 1534 1504 1540 1500 Jul 13 1533 1505 1539 1502 Sep 13 1540 1515 1546 1512 Dec 13 1543 1519 1548 1515 COFFEE(US$/tonne) Close Prev High Low May 13 2030 2024 2035 2021 Jul 13 2071 2058 2078 2058
      94 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      985 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 669 4.88 13 Conv Ratio Ascendas REIT.ES.1304 Price Asiatravel.com HoldingsW*****7 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 BakerTech W*****5 17.4 0.1 1021
      985 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Apr 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 99.31 -1.28 WTI (Near Mth) 88.62 0.14 Dubai (1-Mth F) 97.46 -0.91 Tapis blend 104.42 -1.52 Minas 98.52 -1.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 89.44 -1.12 Jet Kerosene 112.14 -1.89 US$/barrel OpecOil Basket
      70 words
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      Lock icon US$/S$ FORWARD RATES
      24 31 Apr 17 S$ Bid Offer 1-month 1.2334 1.2344 2-months 1.2333 1.2344 3-months 1.2333 1.2345 6-months 1.2330 1.2347 Source: OCBC Source: OCBC
      24 words
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      Lock icon LONDON METALS
      66 31 Apr 16 Apr Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1883.25 1832.25 3 months 1914.00 1866.00 Copper, Grade A(US$/tonne) Cash 7266.50 7168.25 3 months 7300.00 7202.00 Lead(US$/tonne) Cash 2041.25 2009.00 3 months 2065.50 2034.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      66 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      122 31 As at 9am Apr 17 Apr Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.311 1.249 Can dollar 1.235 1.177 Euro 1.665 1.586 Sterling pound 1.931 1.857 NZ dollar 1.082 1.021 US dollar 1.260 1.200 Local dollars to 100 units of
      122 words
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      Lock icon INTERBANK RATES
      158 31 Apr 17 Apr $S Offer Bid 0vernight 0.08 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
      158 words
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  • PROPERTY
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      Lock icon Brazilian investors turning to Reits
      1047 32 Investments in FIIs, the Brazilian equivalent of a Reit, surged to 29b reais at the end of Q1 Bloomberg [SAO PAULO] Investors in builders from PDG Realty SA to Brookfield Incorporacoes SA are swapping their shares for real-estate investment funds as developers struggle under mounting
      Bloomberg; PHOTO: BLOOMBERG  -  1,047 words
    • Article
      Lock icon Househunt
      726 32 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN MARCH 20 AND MARCH 26, 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 Spottiswoode Suites Apt 20/03/2013 FH 452 1015 2245 Spottiswoode Suites Apt 22/03/2013
      726 words
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      Lock icon Abu Dhabi home, office rents to fall: CBRE
      469 33 The govt is trying to revive a market where properties lost half their values Bloomberg [DUBAI] Residential and commercial rents in Abu Dhabi are expected to drop further as homes and offices are built four years after the credit crisis roiled the
      Bloomberg; PHOTO: REUTERS  -  469 words
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      Lock icon Dubai housing market to bounce back
      475 33 Reuters [DUBAI] Another 40,000 new homes will enter Dubai’s property market over the next two years as developers revive projects stalled after the collapse of the emirate’s real estate market, a report said early this week. The new properties to be built between 2013
      Reuters; PHOTO: BLOOMBERG  -  475 words
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      Lock icon London luxury home prices unsustainable
      440 34 Grosvenor will focus on buying rental homes for middle income tenants Bloomberg [LONDON] Gr os ven or Group Ltd, the real estate company owned by the Duke of Westminster’s family trusts, said it’s looking to buy rental properties for middle income tenants as London’s five-year
      Bloomberg; PHOTO: BLOOMBERG  -  440 words
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      Lock icon JC Penney mulls real estate spin-off
      938 35 According to a source, the company is also exploring whether it could sell real estate and lease the property back as another way to free up cash Bloomberg [NEW YORK] JC Penney Co is exploring ways to borrow against its real estate holdings to
      Bloomberg; PHOTO: AP  -  938 words
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      Lock icon China facing hurdles to rein in home prices
      1347 36 After a brief slowdown in the first half last year, sales jumped 53% in March from a year ago, govt data show Bloomberg [BEIJING] All real estate markets are local, says the industry axiom, one that China’s central government is painfully aware
      Bloomberg; PHOTO: AFP  -  1,347 words
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      Lock icon Squatters deter investment in Spain’s property
      1312 37 Proliferation of illegal tenants threatens to complicate efforts to manage country’s bad bank Sareb Bloomberg [MADRID] A 285-unit apartment complex in Parla, less than half an hour’s drive from Madrid, should be an ideal target for investors seeking cheap property in Spain. Unfortunately, two-thirds
      Bloomberg; PHOTO: BLOOMBERG  -  1,312 words
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      Lock icon Two industrial properties in Jurong for sale
      307 38  -  Adjoining sites with 639,454 sq ft zoned for Business 2 use to be sold jointly By GRACE NG [SINGAPORE] Colliers International is putting up two adjoining JTC industrial sites for sale, one located at 1 Gul Avenue and the other at 3 Gul
      307 words
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      Lock icon Saving a piece of history in Manhattan’s Little Italy
      438 38 NYT [NEW YORK] The 19th-century brick building that houses the Italian American Museum in the Little Italy neighbourhood of Manhattan radiates an Old World intimacy, with its tin ceiling and its proximity to shops that still sell slices of pink prosciutto
      NYT  -  438 words
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      Lock icon Mansion project may beat UK price record
      452 38 Bloomberg [LONDON] Billionaire property investors David and Simon Reuben can develop what’s likely to become the UK’s most expensive home after winning approval for a plan to convert a former members-only club near London’s Ritz Hotel. Aldersgate Investment Management, owned by the Reubens,
      Bloomberg; PHOTO: BLOOMBERG  -  452 words
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      Lock icon Apartments pay best among Japanese Reits
      1195 39 Sector benefits from shortage of new supply and steady flow of tenants Bloomberg [TOKYO] Investing in Tokyo apartments beat putting money into office buildings, malls and the domestic stock and bond markets over the past five years as a housing shortage cushioned rental incomes
      Bloomberg; PHOTO: BLOOMBERG  -  1,195 words
  • Page 32 Advertisements
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      100 33 For Lease: Ramp-Up Warehouse (9 Penjuru All floors accessible by 45 ft trailer Ample loading bays with dock-levelers High ceiling high floor loading capacity Sizes from 50,000 to 180,000 sq ft Hardstand available Rimon Ambarchi +65 9151 2454 rimon.ambarchifacolliers.com CEA Registration No. R*****7J www.colliers.com Loh Lee Fen +65 9636 8019
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      438 33 SANT RITZ CONDO I SOHO I ROW HOUSES M m ta ID Si uM 1" li& 1? A iAM, W ft t.^s.: LJ4, JiiM rIU JJ JM MM LJ* irit* MM i Um JJJJJJUfc -J I rMM JJ*I4C Si 1 J.UW u > s si N ft a. i I
      438 words
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      341 34 IP cP mm 5P SHANGRI-LA GROUP PRESENTS PRIME MAMA RESIDENTIAL “Philippines One of the TOP 10 growth countries within the decode” ASIA’S HOTSPOT Goldman Sachs rysi Low down payment SGD 7,000* THE PERFECT OPPORTUNITY Up to OU/o financing* (Foreigners Eligible) ZERO interest during construction* 8 10% rental yields 1 FLEXIBLE.
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      50 35 Fitted Out Business Space For Lease The Strategy International Business Park 16,000 10,000 6,500 2,200 sf Sub-divisible Fully fitted Raised floor system In-house food court/gym Walking distance to Jurong East MRT DTZ Business Space Tel: 9139 2805 6293 3228 DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence No: L*****01G
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      Lock icon Page 35 Advertisements Column 2
      113 35 MAPLETREE CONGRATULATES UlJllU® EQUINIX ON THE GROUNDBREAKING OF YOUR NEW DATA CENTRE About Build-To-Suit Mapletree Industrial Trust provides Build-to-Suit solutions to companies who prefer customised high specification industrial facilities. Build-to-Suit solutions allow companies to focus on their core business while we take care of the capital expenditure and development process.
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      135 36 PRIME RESIDENTIAL SITE OFF MEYER ROAD Site Area: 13,076.9 sq m MP 2008: ‘Residential’, PR 2.1, up to 24-storey Nestled within a serene neighbourhood along Arthur Road Enjoy unblocked view of landed housing area and sweeping view of city skyline and greenery For More Information, Please Contact: DTZ Investment Advisory
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      Lock icon Page 36 Advertisements Column 2
      289 36 Corals At Keppel Bay Luxury Urban Marina Living Exclusive 366 units For preview appointment, call: 9786 2726 Justin KohCEA Reg. No. R*****5F Elevated Freehold GCB Sites Jalan Asuhan AUCTION ON 26 APRIL 2013, 11.30 AM(HOTEL GRAND PACIFIC, formerly Allson Hotel) Rare, elevated regular plots, paranomic unblocked view. For sale separately,
      289 words
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      116 36 FOR SALE LEASE PRIME SPACE ORCHID HOTEL Retail shops/office/2nd floor Near Tanjong Pagar MRT High visibility/traffic •2,217/5,468 sq ft Contact9090 2222Orchid Hotel Pte Ltd THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT VALUE WEALTH INTERNATIONAL LIMITED (the “Company”) NOTICE is hereby given that the Company is in liquidation
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      311 37 Trinity Tower SAVE UP TO £100,000 ON A LUXURIOUS INCOME PRODUCING APARTMENT MINUTES FROM CANARY WHARF SfSK itm 11 ~ir i-f *5? Vi H' Ml a iSS :fhi y Si: is A development by CITY PROPERTY GROUP THE GROWTH POTENTIAL: Canary Wharf could double in size over the next decade.
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      360 38 KnightFrank.com.sg B2 Factory Near to Upcoming MRT (For Sale) Benoi B2 Factory (For Sale) Land Area Approx. 83,900 sf Gross Floor Area Approx. 62,000 sf Tenure JTC lease 30 30 years wef Mar 1995 High visibility along Pioneer Road Easily accessible via AYE PIE Close proximity to the future MRT
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      54 38 OOi ■III p D 'ning area Living/ Holland G r^eT l™f- IfsK Bjg Garden S R B T Un9lvv 5 4500 st U 5 G ms M 1 RyN R(J LOOKING FOR PROPERTIES WITH POOLS? Check this and many other properties in CATS Classified in The Straits Times now! WATS
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      126 38 i) NASSIM ROAD Real value in a changing world Most coveted Good Class Bungalow Area Highly elevated with commanding views Regular-shaped land; Broad frontage Tender Closing: 16 May 2013 (Thursday), 2.30pm Carin Ruah ceano.R*****3B aaaa AAAA Tay Liam Hiap ceano R*****0Z foy y|| {XXX Karamjit Singh ceano. rooi 3250 \imm\i
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      402 39 AMBERLEY WATERFRONT WELCOME TO LONDON LIVING LITTLE VENICE W9 1,2 3 bedroom luxury apartments and penthouses m Ui < r s*-y?sm 2 a. Computer Generated Image' Little Venice, Maida Vale 47 New Build Canalside Apartments in Little Venice, Maida Vale, London W9 Redraw London is proud to introduce forty-seven new
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      264 40 IP LONDON SQUARE PUTNEY m S W15 m SRI as Sfat i i SUI eb :-v m s SI3 3S-* <T. AT I v I EPS* I i! inTS C.‘,‘ m i i3S r rH Z%-At: i 5:^ iin ■->'' I -V rSj-tjt-- tr-.r—-.>r, 2-i ■SSEi T- T. r ,v:
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