The Business Times, 14 May 2013
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2013-05-14
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The Business Times
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Title Section25 2013-05-14 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, May 14, 201325 words
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802 2013-05-14 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] Trust structures are here to stay despite coming under an uncomfortable spotlight. The challenge is to ensure that they, in particular the nonbank trust companies, are not abused by tax dodgers. “Trusts will continue to thrive. They802 words
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Article, Illustration659 2013-05-14 1 ANTHONY ROWLEY - Yen may continue its freefall after briefly breaching 102 mark against US dollar By in ANTHONY ROWLEY in Tokyo THE yen dipped briefly below 102 to the dollar yesterday in Tokyo its lowest level in 55 months and appeared headed lowerPHOTO: REUTERS - 659 words
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MARKETS DIGEST
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Article65 2013-05-14 1 HST INDEX 3,428.96 (-14.81) HST INDEX FUTURES 3,428.00 (-9.00) HSIMSCI 387.15 (-2.03) HSIMSCI FUTURES 387.40 (-1.00) US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.536 1.905 EURO (US$/S$/€ 1.297 1.608 Foreign currency per US$ S$ YEN 101.70 82.00 RM 2.996 2.416 HK$ 7.761 6.259 BAHT 29.70 23.95 RUPIAH65 words
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Article48 2013-05-14 1 Monday Change KL COMP 1,787.90 +15.52 NIKKEI 225 14,782.21 +174.67 HANG SENG 22,989.81 -331.41 SET INDEX 1,617.73 -4.75 JAKARTA COMP 5,054.63 -51.31 MANILA COMP 7,262.38 +67.95 SEOUL COMP 1,948.70 +3.95 SHENZHEN B 847.85 +0.79 MUMBAI IND 19,691.67 -430.65 12noon EDT Change DOW 15,094.91 -23.58 NASDAQ 3,442.30 +5.7248 words
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Article19 2013-05-14 1 SINGAPORE 5.38 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 13.170 BRITAIN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg19 words
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Page 1 Advertisements
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Advertisement105 2013-05-14 1 COMPANIES CityDev profit slips 12% in Q1 PAGE 4 SME Inc SIMTech a one-stop shop for technological problems PAGE 12 COMMENTARY No early conclusion to US fiscal debate PAGE 24 PROPERTY Curbs hit S’pore, HK luxury home markets in Q1 PAGE 10 PROPERTY IPAGE 32 M’sian property stocks set to105 words
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TOP STORIES
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Article611 2013-05-14 2 Stocks smile in the land of the diving yen THE yen dipped briefly below 102 to the dollar yesterday in Tokyo its lowest level in 55 months and appeared headed lower still after the G-7 finance ministers’ meeting in Britain at the weekend avoided any censure of the611 words
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426 2013-05-14 2 PAULINE NG - By PAULINE NG in Kuala Lumpur A WEEK after Malaysia’s 13th General Election, long-haul budget carrier AirAsia X quickly knuckled down to work gauging investor interest for an initial public offering (IPO) that had been delayed because of political uncertainties. According to426 words
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779 2013-05-14 2 MINDY TAN - There are clearly some gaps in rules dealing with handovers: Khaw By MINDY TAN [SINGAPORE] Members of Parliament from both sides of the political divide agreed yesterday that the handing over of town councils (TCs) was a critical area that needs779 words
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Article, Illustration708 2013-05-14 2 VIRGINIE MANGIN - By in VIRGINIE MANGIN in Beijing CHINA’S economic activity picked up slightly in April, data published yesterday showed, but remained largely disappointing suggesting a tepid second quarter. Industrial production grew 9.3 per cent in April, up from 8.9 per cent in March, butPHOTO: AFP - 708 words
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501 2013-05-14 2 S JAYASANKARAN - Cutting excise duties could give foreign carmakers less reason to set up local plants By S JAYASANKARAN in Kuala Lumpur BOTH sides of the political divide in Malaysia’s recently-concluded general election dangled the promise of lower car prices. The implementation of this,501 words
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Article, Illustration800 2013-05-14 3 TEH SHI NING - Commissioner of Charities gives more time to submit objections to ouster By TEH SHI NING [SINGAPORE] The Commissioner of Charities (COC) has agreed to give eight leaders of City Harvest Church (CHC) including its founder Kong Hee two more months to submit any objections to800 words
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993 2013-05-14 3 NISHA RAMCHANDANI - His girlfriend says he felt something he was working on could get him in trouble with the US government By NISHA RAMCHANDANI [SINGAPORE] The coroner’s inquiry into the highly publicised death of engineer Shane Todd opened yesterday, with counsel from the993 words
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Advertisement211 2013-05-14 2 Canterbury Student Village, UK Assured 9% Net Yield for 5 Years! Fully managed investment Massive demand for new high quality student accommodation in Canterbury Within 15-minutes walk from two University campuses Start receiving returns from 1Q 2014 Price from £59,995 Call us 6533 0220 or visit us g www.cks.com.s Francis211 words
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Advertisement214 2013-05-14 3 Singapore Everyday Banking Melbourne School Fees Your local and foreign currency transactions all in one account. London Property Pans Vacation Overseas Investment f DBS Multi-Currency Autosave We are giving you the flexibility to bank in multiple currencies DBS Multi-Currency Autosave makes managing your money easier and more efficient. Like a214 words
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COMPANY NEWS
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583 2013-05-14 4 FELDA CHAY - Developer planning to launch three projects over next few months By FELDA CHAY PROPERTY developer City Developments’ first-quar-ter net profit fell 12.2 per cent from a year ago to $137.6 million, as a drop in earnings from its hotel operations and other583 words
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Article, Illustration518 2013-05-14 4 KALPANA RASHIWALA - By KALPANA RASHIWALA PROPERTY group Wing Tai’s net profit more than doubled to $94.6 million for the third quarter ended March 31, 2013, from $42.3 million a year earlier. Revenue more than trebled to $455.8 million from $128.1 million previously. For the first518 words
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475 2013-05-14 4 JOYCE HOOI - By JOYCE HOOI NAM Cheong posted an 8 per cent rise in first-quar-ter net profit to RM35.8 million (S$14.8 million), boosted by a gain on disposal of property, plant and equipment during the quarter. While revenue grew 14 per cent to RM234.7 million,475 words
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Article, Illustration490 2013-05-14 7 ANDREA SOH - Lower crude palm oil prices pull earnings down to US$112.8m By ANDREA SOH LOWER crude palm oil prices continued to dog Golden Agri-Resources, which saw first-quarter earnings tumble 30.4 per cent. Net profit attributable to shareholders for the three months ended March 31PHOTO: BLOOMBERG - 490 words
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221 2013-05-14 7 BENJAMIN AW - By BENJAMIN AW INSTANT food and beverage manufacturer Super Group posted a first-quar-ter net profit of $22.13 million, up 25 per cent from a year earlier. The results were helped by improved sales of food ingredients, cost management and a foreign exchange221 words
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Article, Illustration304 2013-05-14 7 MA XIANGYU - By MA XIANGYU CHINA Minzhong Food Corporation posted a net profit of RMB254.98 million (S$51.2 million) for its fiscal third quarter ended March 31, up 5.9 per cent from RMB240.75 million a year earlier. The three months saw revenue rising 27.7 per cent toFILE PHOTO - 304 words
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280 2013-05-14 7 CAI HAOXIANG - By CAI HAOXIANG HOMEGROWN packaging company Goodpack Ltd reported a 5.9 per cent drop in its net profit for the third quarter ended March 31, 2013 to US$10.9 million, from US$11.5 million a year ago. Revenue was US$44.8 million, up 3 per cent year-on-year280 words
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742 2013-05-14 8 CAI HAOXIANG - UE concert parties now have 87.73% of WBL; offer turns unconditional By CAI HAOXIANG THE Straits Trading Company (STC) stepped aside yesterday evening to allow United Engineers (UE) to gain control of WBL Corporation, putting an end to this year’s largest742 words
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420 2013-05-14 8 CAI HAOXIANG - By CAI HAOXIANG MAINBOARD-listed Yanlord Land Group’s first-quarter net profit halved from a year ago to 67.3 million yuan (S$13.4 million), even as revenue more than trebled to 1.7 billion yuan. The Chinese property developer attributed this to a 58.9 million yuan420 words
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Article592 2013-05-14 8 Q1 results ended March 2013 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Wilmar Intl 391.5 317.7 23.3 *****.0 *****.7 -2.6 2 Semb Corp Ind 176.9 176.7 0.1 2350.1 2431.4 -3.3 3 ST Engg 134.0 134.4 -0.3 1544.7 1541.1 0.2 4 StarHub 91.2592 words
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357 2013-05-14 8 KALPANA RASHIWALA - Analysts view offer positively and raise UOL’s target price By KALPANA RASHIWALA PAN Pacific Hotels Group’s (PPHG) stock price rose 8.1 per cent or 19 cents yesterday to close at $2.53 a tad below the $2.55 per share exit and delisting offer357 words
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327 2013-05-14 8 SAMUEL EE - By SAMUEL EE SBS Transit’s net profit for the first quarter ended March 31, 2013, tumbled 41.6 per cent to $2.8 million, slowed down by losses from its bus division. Singapore’s biggest bus operator also runs a smaller rail network and is a unit327 words
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277 2013-05-14 8 GRACE NG - By GRACE NG MEDICAL device developer Biosensors International Group Ltd has signed an agreement to acquire substantially all assets of Spectrum Dynamics for about US$51.1 million. It will make further payments of up to US$4 million in 2014, and up to US$15277 words
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Advertisement167 2013-05-14 4 energise you meetinas leave the rest to us* Meeting packages from $^n \J\J per person Complimentary AV equipment (one LCD projector and one wireless microphone) for events booked and held before 31 August 2013. Meetings will never be the same at the new Ramada Singapore at Zhongshan Park. Our pillar-less167 words
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Advertisement210 2013-05-14 4 an e vpena event k. IMDEX ASIA International Maritime Defence Exhibition Conference IMDEX ASIA 2013 14 -16 May Changi Exhibition Centre Singapore A ASIA PACIFIC'S FLAGSHIP MARITIME DEFENCE SHOW COMPLIMENTARY ADMISSION Open from 14-16 May Chanqi Exhibition Centre r A THE MUST-ATTEND EVENT FOR MARITIME PROFESSIONALS WORLDWIDE For more information,210 words
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Advertisement106 2013-05-14 5 3 PATEK PHILIPPE GENEVE I I coin yourpwn ti tion. f mi MW I L*lip ii m I) I M) I 0 *> I I *Sa I I #fV|L j A 1 f -SJfei «<* I 'jw—tlr. I! r. 'V 5* if |k>, A?? "jss'f j! r <A r;, Tt106 words
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SINGAPORE MARKETS
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Article, Illustration521 2013-05-14 6 KENNETH LIM - The index drops 14.81 pts due to dividend books closure of DBS Group Holdings and a weakening yen STOCKS KENNETH LIM Correspondent SINGAPORE stocks paused for breath yesterday, ending a five-day rally, as dividend books closure of DBS Group Holdings and a weakening yenSource: Bloomberg - 521 words
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Article73 2013-05-14 6 May 13 VALUE CLOSE BT OB/OS -28.00 -187.00 BT CADI -*****.00 -97.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 846.12 +1.81 FTSE ST Small Cap 592.19 -2.36 FTSE ST All Share 844.01 -2.71 FTSE ST China Top 217.75 -2.31 FTSE ST China 247.67 -1.82 FTSE73 words
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Article186 2013-05-14 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 48 66 43 3 18 9 51 84 52 Commerce 20 30 17 2 10 3 22 40 20 Tpt/Stor/Comms 15 19 6186 words
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Article121 2013-05-14 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 66,416 66,416 73,076 73,076 Manufacturing 450,535 166,969 617,504 309,302 8,949 318,252 Commerce 565,254 73,199 638,453 121,162 8,893 130,055 Tpt/Stor/Comms 114,665 12,402 127,067 177,316 4,828 182,144 Finance 108,740 1,320 110,060 140,253 680 140,934 Construction 119,094 105,896121 words
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BROKERS’ TAKE
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Article, Illustration255 2013-05-14 6 Beverage May 13 close: S$0.655 DBS Vickers Research, May 13 WE initiate coverage on ThaiBev with a “buy”, TP: S$0.80, presenting 30 per cent total potential return upside. ThaiBev is a pure F&B company which offers investors an exposure and interesting play on the consumption trendSource: Bloomberg - 255 words
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Article353 2013-05-14 6 May 13 close: S$9.08 CIMB Research, May 13 H2 2013 core earnings formed 39 per cent of our and consensus’s full-year estimate. We deem this as in line given the stronger anticipated H2. We maintain our core EPS estimates and target price on 20 per cent discount353 words
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Article285 2013-05-14 6 Kenneth Lim - Compiled by Kenneth Lim May 13 close: S$0.69 DMG Partners Research, May 13 EU Yan Sang’s (EYSAN) Q3 2013 earnings rose 54 per cent y-o-y to S$8.4 million. Nine-month 2013 earnings of S$ 13.4 million made up our entire FY13 forecast. Results exceeded expectations, as its285 words
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Article116 2013-05-14 6 Stock name Close Change CapMallsAsia 2.030 +0.010 CapitaLand 3.790 -0.030 CapitaMall 2.360 +0.020 CityDev 11.60 +0.100 ComfortDelGro 2.010 +0.030 DBS Grp 17.49 -0.410 GLP 2.850 -0.030 Genting SP 1.495 -0.020 Golden Agri 0.530 -0.010 HK Land 7.300 -0.070 HPH Trust US$ 0.840 +0.005 JMH 68.10 -0.200116 words
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Article, Illustration516 2013-05-14 6 CURRENCIES Bloomberg [LONDON] The yen breached 102 per dollar for the first time in four-and-a-half years as the Group of Seven finance chiefs indicated they’ll tolerate a slide in the currency for now as they focus on Japan’s recovery strategy. TheBloomberg; PHOTO: REUTERS - 516 words
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Article61 2013-05-14 6 VOLUME GSH Corp R 337,391,000 SingHaiyi 299,476,000 Thai Beverage 163,889,000 YHM 105,722,000 Golden Agri 103,667,000 Innopac 83,265,000 NexGenSCom 80,134,000 Croesus RTr 60,338,000 GRP Ltd 51,343,000 Kep REIT 42,992,000 VALUE($) Thai Beverage 108,191,865 Croesus RTr 67,305,760 Kep REIT 66,044,238 Golden Agri 55,088,130 SingTel 53,339,590 DBS Grp 52,464,059 F&N61 words
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Article110 2013-05-14 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 57.0 0.4 Great Eastern 1869 57.0 3.1 Lyxor Nasdaq100 10US 1195 54.6 3.8 DBXT MSJAP 10US$ 4592 53.3 0.9 DBXT MSUSA 10US$ 4014 49.6 1.0 DBXT FTVietnam 10US$ 2458 42.2 1.4 DBXT CSI300 10US$ 822 31.0 3.1 SuperGroup 485 28.0 6.1110 words
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Article122 2013-05-14 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -184.7 -1.1 DBXT MSKorea 10US$ 5617 -74.4 -1.1 Jardine C&C 4550 -60.0 -1.3 JSH 4010 -45.9 -0.9 DBS Grp 1749 -41.0 -2.3 Lyxor China H 10US$ 1441 -40.9 -2.2 DBXT MSINDO 10us$ 1725 -32.2 -1.5 JMH 6810 -24.8 -0.3 DBS.ES.1305 1767 -22.0122 words
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Page 7 Advertisements
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Advertisement120 2013-05-14 7 V V Place your risk in the market, not in your price 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 it or worse, your order120 words
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Page 8 Advertisements
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Advertisement342 2013-05-14 8 BUSINESS PRODUCTIVITY SEMINAR SEEKING GROWTH IN UNCERTAIN TIMES Can businesses grow amidst an unpredictable economic outlook? Are there practical ways to achieve a healthier bottom line for 2013? Experts and entrepreneurs share how you can turn adversity into advantage in this not-to-be-missed business productivity seminar. GUEST OF HONOUR Mr Lee342 words
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Advertisement566 2013-05-14 9 Standard O Chartered Here for good 0 Over investment strategies to consider stanaara d cm Chartered s. 3 m m new Priority Banking Centres to identify your investment needs o'. '■%> 'km 4 *r PS*. /r -w/ s m i/J: 1 > I invitation to stfli a rewarding relationship with566 words
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SINGAPORE NEWS
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581 2013-05-14 10 ONG CHOR HAO - JLL reports Q1 price drop while CBRE documents fall in transaction volumes By ONG CHOR HAO RECENT policies by the Singapore and Hong Kong governments to cool the growth of property prices in the first quarter of the year appear to have taken581 words
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482 2013-05-14 10 SIOW LI SEN - Tharman: Property measures provide a buffer for banks By SIOW LI SEN BANKS’ property exposure makes up more than a quarter of their non-bank loans, it was revealed yesterday. As of March 2013, prop-erty-related exposures accounted for 28 per cent of banks’482 words
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322 2013-05-14 10 NG SAI YING - By NG SAI YING A NANYANG Technological University (NTU) start-up has launched a water treatment plant in Vietnam that is remotely monitored from Singapore. De.Mem Pte Ltd’s plant, the first of its kind in South-east Asia, occupies 120 square metres a space322 words
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SINGAPORE ROUNDUP
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78 2013-05-14 10 THE Housing Development Board has awarded a 2.1-hectare land parcel at Woodlands Avenue 5/Woodlands Avenue 6 to Qingjian Realty (South Pacific) Group Pte Ltd, which put in the top bid of $216 million. The bid, which is for the development of an executive78 words
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53 2013-05-14 10 HONG KONG’s Secretary for Transport and Housing, Anthony Cheung, is in Singapore for a three-day visit from yesterday. Prof Cheung will meet Minister for National Development Khaw Boon Wan and Minister for Transport Lui Tuck Yew to discuss housing and transport cooperation and other issues53 words
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Article, Illustration579 2013-05-14 11 TAY SUAN CHIANG - Virgin boss is on a mission to get as many business leaders in the Far East to join Carbon War Room By TAY SUAN CHIANG FRESH from his stint as a “stewardess” on board an AirAsia flight from Perth to Kuala Lumpur onPHOTO: YEN MENG JIIN - 579 words
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Advertisement90 2013-05-14 10 1VA r > '4 I r V V r rvi 2K m r. -V. A i > r >v f>- SMALL WONDERS Mini greens are the next big culinary trend THE PEAK SELECTIONS GOURMET TRAVEL A PUBLICATION OF PEAK sPHmagazines THE PEAK SELECTIONS CHEF CREATES CUTTINGEDGE FOOD WITH SOIL AND90 words
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Advertisement242 2013-05-14 11 33 m 5 THE WORLD’S FINEST SERVICED VIRTUAL OFFICES Variety of offices to cater to your every need Prestigious address, dedicated receptionist secretarial support, 5 star meeting rooms boardrooms Experience world leading IT and communications technology Take advantage of flexible lease terms from 1 month Phone number issued INSTANTLY! SOUTH242 words
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SME Inc
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Article, Illustration1189 2013-05-14 12 ANNA LEE - Seow Yit Yuee looks at a company’s productivity-related ailments and prescribes technological cures, reportsANNA ANNA LEE IT’S not often known that there are “doctors” who are on call to help troubleshoot business illnesses in the shape of inefficiencies and lack of productivity. One such “doctor”PHOTO: YEN MENG JIIN - 1,189 words
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Article, Illustration1620 2013-05-14 13 FILIPE SANTOS, NIGEL ROBERTS - Mainstream companies that adopt social enterprise principles are reaping the benefits COMMENTARY By FILIPE SANTOS NIGEL ROBERTS Filipe Santos is an associate professor of entrepreneurship at Insead and Nigel Roberts, the London correspondent at INSEAD Knowledge (knowledge.insead.edu), the online portal on which this articleFILE PHOTO - 1,620 words
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Page 12 Advertisements
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Advertisement103 2013-05-14 12 FOCUS ON YOUR REAL BUSINESS. Ninety-nine percent of companies in Singapore are SMEs* with at least one-third seeking to trim operating cost by outsourcing their accounting, taxation and payroll needs. Intime Accounting Pte Ltd specialise and have the appropriate resources and expertise to help you achieve high level of accuracy,103 words
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Advertisement239 2013-05-14 12 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 with239 words
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Advertisement24 2013-05-14 12 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* HOTFMSG24 words
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Advertisement252 2013-05-14 13 HP recommends Windows. Everything a business Ultrabook™ should be. Travel light at full power. HP’s first business Ultrabook™ with docking capabilities included, the ultra-light and ultra-responsive HP EliteBook Folio 9470m Ultrabook™ keeps you productive from the airport to the desktop. Resumes from sleep quickly and knocks out projects fast. And252 words
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MALAYSIA/INDONESIA
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Article, Illustration839 2013-05-14 14 JEFFREY HUTTON - Rising rivalry comes amid concerns govt’s reform agenda is being sidetracked By JEFFREY HUTTON A RECENT spike in the number of violent clashes between Indonesian soldiers and police and high-profile cases where senior police and military officials resist civilian oversight may cast doubt on thePHOTO: AFP - 839 words
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Article193 2013-05-14 14 Reuters [KUALA LUMPUR] Malaysian construction and power firm MMC Corporation Bhd has postponed the share listing of its Malakoff power arm until the first half of next year, citing delays caused by maintenance works. The stock market listing of Malaysia’s largest independent power producer wasReuters - 193 words
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Article, Illustration222 2013-05-14 14 Reuters [JAKARTA] Indonesia’s president plans this week to name a new finance minister to oversee South-east Asia’s largest economy, acting finance minister Hatta Rajasa said yesterday, with investment chief Chatib Basri seen as the leading contender. However, Mr Chatib declined to say ifReuters - 222 words
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Advertisement162 2013-05-14 14 I p 1 f/yj I >JF7i/. ate. CROSS'^ Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 Your ideal candidate, now one package deal away. Privileges you'll enjoy: Most reliable localised jobseekers database comprising Singaporeans and PRs Advanced matching technology provides you with resumes of quality162 words
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GREATER CHINA/INDIA
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759 2013-05-14 15 NEETA LAL - But some foreign investors still remain bullish about India By in NEETA LAL in New Delhi INDIA seems to be emitting mixed signals about its investment climate to the world at large. While foreign direct investment (FDI) in the telecommunication and aviation sectors759 words
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Article, Illustration1060 2013-05-14 15 Fear of a sharp Chinese slowdown has the potential to spook investors Reuters [SHANGHAI] Investors convinced China’s currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan’s rally. Investors and companies haveReuters; PHOTO: BLOOMBERG - 1,060 words
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230 2013-05-14 15 Reuters [SHANGHAI] The resumption of initial public offerings in China, expected this month or next, is likely to be delayed until July in part due to concerns over the strength of the economy, the official China Securities Journal reported yesterday. The securities regulatorReuters - 230 words
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Advertisement421 2013-05-14 15 Broadcasthsia2013 0nmmuninAsia2013 [ntBrnriSBMT2013 r The 18th International Digital Multimedia Entertainment Technology Exhibition Conference The 24 ,h International Communications and Information Technology Exhibition Conference The 10th International Information Technology Exhibition Conference for the Enterprise Level 4 5 Basement 2, Level 1 3 18-21 June 2013 Marina Bay Sands, Singapore Asia’s largest421 words
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Advertisement1113 2013-05-14 15 A WATS NOTICES STRAITS TRADING ESTABLISHED 1887 A MEMBER OF THE TECITY GROUP The Straits Trading Company Limited Company No.: *****0008D Incorporated in Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the members of The Straits Trading Company Limited (the “Company") will1,113 words
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ECONOMY WATCH
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Article, Illustration616 2013-05-14 17 Improving housing market and falling unemployment not enough, he says Bloomberg [NEW YORK] Michael Corbat, hunting for revenue seven months into his tenure as chief executive officer of Citigroup, said the improving US housing market and declining unemployment won’t igniteBloomberg; PHOTO: BLOOMBERG - 616 words
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455 2013-05-14 17 British premier’s US visit overshadowed by eurosceptic Tories’ rebellion at home Bloomberg [LONDON] British Prime Minister David Cameron starts a visit to the US overshadowed by his Tory lawmakers planning a rebellion over Britain’s membership in the European Union and a callBloomberg - 455 words
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723 2013-05-14 17 This key emerging segment is also an expanding pool of consumers for retailers Reuters [JOHANNESBURG] After years of headlines about Africa’s poverty, its emerging middle class is now grabbing attention as a driver of growth and democracy and an expanding pool of consumers for market-hungryReuters - 723 words
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383 2013-05-14 17 Reuters [LONDON] British companies have grown more optimistic about the economy in recent months as a recovery, increasingly aided by a central bank funding scheme, is gathering pace, a leading business lobby said yesterday. The Confederation of British Industry (CBI)Reuters - 383 words
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Advertisement1116 2013-05-14 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF Sections 273(1) and 305(1) Of The Companies Act (Cap. 50) And The Companies (Winding Up) Rules AND IN THE MATTER OF ALCOVA GROUP PTE. LTD. (formerly known as Mon Petit Cafe Pte. Ltd.) (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co.1,116 words
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Advertisement232 2013-05-14 17 IN THE MATTER OF THE COMPANIES ACT, Cap. 50 AND IN THE MATTER OF SOPHIA INVESTMENT HOLDING PTE. LTD. (“In Members Voluntary Liquidation”) (Company Reg. No: *****4438K) (“Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act (Cap. 50), the Final Meeting232 words
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WORLD
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Article, Illustration605 2013-05-14 18 0.1% increase that follows 0.5% drop in March reflects broad-based gains LATEST US DATA Bloomberg Reuters [WASHINGTON] Retail sales in the US unexpectedly rose in April, reflecting broad-based gains that may ease concern that consumers are holding back. The 0.1 per cent increase followedBloomberg; Reuters; PHOTO: AP - 605 words
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293 2013-05-14 18 Suit stems from carmaker’s use of options in VW bid Bloomberg [BERLIN] Porsche Automobil Holding, already fighting suits seeking a combined four billion euros (S$6.4 billion) linked to the carmaker’s aborted takeover of Volkswagen AG, was sued by more hedge funds in Germany.Bloomberg - 293 words
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299 2013-05-14 18 UN’s solution for hunger, pollution insects AP [ROME] The UN has new weapons to fight hunger, boost nutrition and reduce pollution, and they might be crawling or flying near you right now: Edible insects. The Food and Agriculture Organization yesterday hailed the likes of grasshoppers, ants and other members ofAP - 299 words
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531 2013-05-14 18 AFP Bloomberg [BERLIN] Germany and France plan to launch this month a “New Deal for Europe” against youth unemployment, which has topped 50 per cent in several countries, with credits for companies that create jobs, a news report said yesterday. Under theAFP; Bloomberg - 531 words
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Article, Illustration717 2013-05-14 18 AP [NEW YORK] Bangladesh offers the global garment industry something unique: millions of workers who quickly churn out huge amounts of well-made underwear, jeans and T-shirts for the lowest wages in the world. But since a building collapse on April 24 killedAP; PHOTO: AP - 717 words
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184 2013-05-14 18 Reuters [HONG KONG] A consortium comprising China’s Citic Capital and Singapore investment company Temasek Holdings has agreed to buy Asiainfo-Linkage Inc for about US$900 million, joining a growing number of buyouts of US-listed Chinese companies. The Citic Capital-led group agreed to pay US$12 perReuters - 184 words
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Article, Illustration684 2013-05-14 19 This occurs as traditional money laundering methods come under scrutiny NYT [NEW YORK] According to the air bill slapped on the crate that arrived at Kennedy International Airport from London, an unnamed painting worth US$100 was inside. Only later did federal investigators discoverNYT; PHOTO: NYT - 684 words
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459 2013-05-14 19 Attackers’ aim is not espionage but sabotage: officials AP [WASHINGTON] A new wave of cyberattacks is striking American corporations, prompting warnings from federal officials, including a vague one issued last week by the Department of Homeland Security. This time, officials say, the attackers’AP - 459 words
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270 2013-05-14 19 Reuters [LONDON] A dual-track syst e m vey-based lending rates i nc l u d i n g sur vey-based lending rates a l on g w it h t ransac tion-linked indices, is likely to replace scandal-hit London interbank lending rate Libor asReuters - 270 words
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545 2013-05-14 20 Surge in such scams is catching firms, investigators by surprise AP [LONDON] International law enforcement agencies say the recent US$45 million dollar ATM heist is just one of many scams they’re fighting in an unprecedented wave of sophisticated cyberattacks. Old-school robberies by maskedAP - 545 words
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636 2013-05-14 20 Processing firms’ liability may be capped by contract Reuters [NEW YORK] Because the sums were large and such attacks are relatively new, the two Middle East banks hit in the US$45 million ATM heist face an uncertain path in trying to recover theirReuters - 636 words
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270 2013-05-14 20 Reuters [BERLIN] Germany’s finance minister has called for a “two-step approach” towards European banking union, writing that a limited “timber-framed” union, set up without changing European treaties, would buy time to create a future “steel-framed” union. In an opinion piece for the FinancialReuters - 270 words
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Article, Illustration647 2013-05-14 20 Reuters [LONDON] HSBC’s sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by chief executive Stuart Gulliver, and analysts are expecting more. WithReuters; PHOTO: BLOOMBERG - 647 words
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Article, Illustration521 2013-05-14 20 AFP [ATHENS] Greece’s Prime Minister Antonis Samaras hopes his four-day trip to China this week will help his country’s ailing economy by attracting investment and promoting the export of Greek products. Under the invitation of his Chinese counterpart Li Keqiang,AFP - 521 words
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Page 19 Advertisements
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Advertisement208 2013-05-14 19 CALL FOR PERFORMERS Step Right Up! Be part of ChildAid 2013 CarnivalEdition Young ladies gentlemen, step right up! If you think you can sing, dance, play a musical instrument or perform a circus act, come try out for our next ChildAid concert! Email your entry to childaid@sph.com.sg by June 8,208 words
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Advertisement43 2013-05-14 20 HOT PROPERTY n ft TeVntel a t n l& 0^ m!ttlf| n S a /R«E Area, fenanted.Good^MRT. 15 LOOKING FOR PROPERTIES IN PRIME LOCATIONS? Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT43 words
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Advertisement190 2013-05-14 20 jQ SHARElNVLSTC *****001 TT Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an unprofitable trade190 words
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SHIPPING/AVIATION
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593 2013-05-14 21 MALMINDERJIT SINGH - Demand for submarines in the region is especially strong: AMI Int’l By MALMINDERJIT SINGH [SINGAPORE] Asia-Pacific is the world’s second-larg-est market for new naval ships, accounting for a quarter of the global demand over the next two decades. The bulk of this demand593 words
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675 2013-05-14 21 US$683m contract for 5 vessels that can each carry 18,400 containers WP [SINGAPORE] Hyundai Heavy Industries Co failed for eight years to win ship orders from China. That ended when it pledged to build the world’s biggest container carrier. China Shipping Container Lines CoWP - 675 words
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Article, Illustration353 2013-05-14 21 MARIA MALA YOGALINGAM - Daily non-stop S’pore-Zurich service launched By MARIA MALA YOGALINGAM [SINGAPORE] Swiss International Air Lines (Swiss) marked its return to Changi Airport after a four-year hiatus by launching a daily non-stop service between Singapore and Zurich. Switzerland’s national carrier will operate the 219-seat AirbusPHOTO: REUTERS - 353 words
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272 2013-05-14 21 AFP [KUWAIT CITY] Kuwait’s national carrier is due to sign a multi-billion-dollar deal with Airbus to purchase 25 new aircraft valued at US$3.0 billion with the first delivery expected in 2019, a well-informed newspaper reported on Sunday. The deal will be signed “veryAFP - 272 words
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316 2013-05-14 21 Reuters [LONDON] International Airlines Group (IAG) reported wider first-quarter operating losses, as deepening trouble at its Spanish carrier Iberia wiped out progress at British Airways (BA). IAG, Europe’s third-big-gest airline group by market value, made an operating loss of 278 million eurosReuters - 316 words
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Article243 2013-05-14 21 SGX '000 May 13 S$ +/-Vol Chuan Hup Hldg 0.26 -0.01 300 Cosco Corp 0.81 -0.01 2539 s$ Ezra Hldgs 1.02 -0.01 5187 First Ship Lea 0.13 unch 66 Freight Links 0.09 unch 5651 Grand Banks unch unch 0 Jaya Hold Ltd unch unch 0 K1Ventures 0.17 unch243 words
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Page 21 Advertisements
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Advertisement23 2013-05-14 21 China's luxury car sales slow as govt clampsdown on official extravagance down on official W To subscribe, call 6388-3838 or go to sphsubscription.com.sg23 words
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Page 21 Miscellaneous
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Miscellaneous331 2013-05-14 21 CRYPTIC CROSSWORD Across 1 Unlucky recruiting right people being uncompromising (10) 6 Cliff’s award for picture dismissing love (4) 9 Crime issue on unprotected barn (5) 10 T o p o f di v i s i on a f t er bad-tempered victory is a bit of a blow!331 words
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Page 22 Advertisements
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Advertisement524 2013-05-14 22 CAR IT IHE B GI R FA R IS BACK THIS YEAR! STJOBS IS GIVING ALL EMPLOYERS AGAIN FREE BOOTHS at the STJobs Career Development Fair 2013! REQUEST NOW! LIMITED BOOTHS AVAILABLE Interested in being a part of Singapore's biggest and most exciting congregation of job seekers, employers and training524 words
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Page 23 Advertisements
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Advertisement105 2013-05-14 23 STJOBS O A DPPPP 13 14 July 2013 O/AnCQl Marina Bay Sands, Halls D E DEVEL0PMENT2013 ioamto7pm Over 1,000 job openings i s Crowd at last </««* I X Exciting 1 activities v await n#yj L Close 200 to e *hibitor s Job seeker s wing STJob lined s up105 words
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EDITORIAL & OPINION
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500 2013-05-14 24 EDITORIAL WITH many of us in this part of Asia still actively focused on the aftermath of Malaysia’s general election, there was another Asian country that went into polls last weekend, with arguably much more at stake and wider global implications. Pakistan’s national elections500 words
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Article, Illustration862 2013-05-14 24 J BRADFORD DELONG - THE BOTTOM LINE J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research Project SyndicateProject Syndicate - 862 words
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Article, Illustration1084 2013-05-14 24 LEON HADAR - Signs of a shrinking deficit could make Republicans and Democrats less keen to reach deal LEON HADAR Washington Correspondent THE Great Fiscal Debate between Democrats and Republicans, liberals and conservatives is not about to come to a happy ending. Republicans are continuing toPHOTO: AP - 1,084 words
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Article, Illustration1227 2013-05-14 25 TATIANA DIDIER, SERGIO SCHMUKLER - A study of China and India reveals the positive association between the use of capital markets and firm performance By and TATIANA DIDIER, SERGIO SCHMUKLER Tatiana Didier is research economist, Office of the Chief Economist for Latin America and the Caribbean at the WorldPHOTO: AFP - 1,227 words
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Article, Illustration790 2013-05-14 25 WON-JOON LEE - By WON-JOON LEE The writer is managing director automotive, industrial equipment, infrastructure and transportation (AIIT), Asia-Pacific of Accenture, a management consultancy AFTER years of clear focus on cost reduction and performance improvement, key players in the freight and logistics (F&L) industry790 words
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Article1514 2013-05-14 26 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/New1,514 words
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Page 26 Advertisements
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Advertisement72 2013-05-14 26 Shipping lines! Canthey seeking reliable I find your logistics partners I the I Shipping I Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business Times SHippir g times CALL JOE WOT IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers72 words
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SINGAPORE STOCKS
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Article2864 2013-05-14 27 Transaction date: May 13 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 184.5 106 AIMSAMPIReit 15 11.4 8Telecom .............................184 unch 1210 184.5 182.5 182.52,864 words
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Article227 2013-05-14 28 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 +0.7227 words
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Article10784 2013-05-14 28 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 1.0078/ Asian Smaller Cos!" .2 0899/ EM local Ccy Bond 1 0331/ European Opportunities!" 1.2082/ Global10,784 words
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Article262 2013-05-14 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40 unch 93 40 40 39.5 40.5 3.6 8.8 3.2 145.8 52 30 Genting HK US$ US50 -1 7624 51.5 50 50 50.5 3292.3262 words
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Article946 2013-05-14 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119.6 +0.6 5 121 119.6 119.2 119.6 546 136.8 120.4 CIMB APAC Div 100S$D 136.8 142 142.9 114.4 95.8 CIMB946 words
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Page 27 Advertisements
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Advertisement24 2013-05-14 27 WHEN YOU FLY A 3200 HP RACE PLANE, YOU DEMAND THE WORLD'S BEST CHRONOGRAPH 1 BREITLING 1884 i CHRONOMAT TEL. +65 6732 6347 BREITUING.COM24 words
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FINANCE & COMMODITIES
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Article640 2013-05-14 29 May 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.50 *****.01 *****.70 Jun13 *****.00 *****.00 *****.00 *****.00 *****3 *****2 Sep13 *****.00 *****.00 *****.00 *****.00 176 3975 MSCI TAIWAN INDEX FUTURES SPOT 299.50 300.27 297.80 May13 300.40 301.80 298.20 299.70 ***** *****8 Jun13 301.20640 words
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373 2013-05-14 29 In local curr In S$ In US$ dy yr dy yr dy yr May 10 Index Change Change Change Change Change Change World Preliminary 1073.3 0.4 14.4 0.5 13.1 -0.2 11.5 EAFE Preliminary 900.9 0.9 16.3 0.3 11.2 -0.5 9.6 Europe Preliminary 1269.3 0.5 10.6373 words
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Article471 2013-05-14 29 May 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.136 0.770 7.748 54.899 97.224 1.015 11.104 2.991 1.203 98.263 41.062 1.238 9.082 0.957 29.775 29.646 0.650 0.998 Canada 0.990 6.073471 words
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Article64 2013-05-14 29 May 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article135 2013-05-14 29 May 13 GOLD(US$/oz) May 13 May 10 Hong Kong 1442.20 1462.40 May 10 May 09 London 1423.10 1464.96 1423.85 1465.76 Source: Thomson Reuters CAST BAR May 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 365 285 10gm 651 570135 words
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Article92 2013-05-14 29 May 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 12-Aug-13 0.24 0.25 6-Month BS*****V 15-Nov-13 0.26 0.25 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.06 100.11 100.11 5-Year92 words
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Article57 2013-05-14 29 May 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2300.0 2281.0 2300.0 2300.0 20 1151 Jun 13 2316.0 2296.0 2324.0 2290.0 447 5574 Jul 13 2330.0 2310.0 2341.0 2301.0 ***** ***** Aug 13 2331.0 2311.057 words
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Article155 2013-05-14 29 May 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2375 1.2384 0.9981 0.9986 Canadian dollar 1.2250 1.2256 0.9883 0.9879 Euro 1.6077 1.6083 1.2966 1.2969 NZ dollar 1.0289 1.0293 0.8298 0.8300 Sterling pound 1.9049 1.9055 1.5363 1.5366155 words
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Article109 2013-05-14 29 May 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1488.25 1491.25 1503.75 1481.00 Jul 13 1399.00 1408.75 1419.50 1390.00 Aug 13 1330.00 1340.00 1349.50 1321.50 Sep 13 1254.25 1264.25 1271.75 1245.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13109 words
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Article94 2013-05-14 29 May 10 COCOA (£/tonne) Close Prev High Low May 13 1541 1554 1557 1531 Jul 13 1527 1542 1546 1527 Sep 13 1534 1549 1552 1534 Dec 13 1540 1554 1559 1540 COFFEE(US$/tonne) Close Prev High Low May 13 1981 1992 2034 1986 Jul 13 2031 2043 2071 202794 words
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Article70 2013-05-14 29 CRUDE OIL PRODUCTS May 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.92 -1.97 WTI (Near Mth) 95.92 unch Dubai (1-Mth F) 100.96 0.26 Tapis blend 108.88 -0.11 Minas 101.68 -0.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.17 0.89 Jet Kerosene 116.45 0.20 US$/barrel OpecOil Basket70 words
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Article23 2013-05-14 29 May 13 May s$ Bid Offer 1-month 1.2399 1.2401 2-months 1.2398 1.2401 3-months 1.2398 1.2401 6-months 1.2395 1.2398 Source: OCBC23 words
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Article66 2013-05-14 29 May 10 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1843.25 1862.00 3 months 1870.00 1890.00 Copper, Grade A(US$/tonne) Cash 7355.50 7331.00 3 months 7375.00 7354.00 Lead(US$/tonne) Cash 1974.50 1995.75 3 months 1994.00 2015.50 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 366 words
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1001 2013-05-14 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Albedo Limited W*****9 Ratio Exer Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 Disc Best World Intl Ltd W*****5 1.5 1 30 31 16.00 2 BiosensoBPeCW*****21,001 words
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Article121 2013-05-14 29 As at 9am May 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.267 1.207 Can dollar 1.248 1.200 Euro 1.645 1.567 Sterling pound 1.938 1.864 NZ dollar 1.049 1.009 US dollar 1.265 1.205 Local dollars to 100 units of foreign121 words
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Article157 2013-05-14 29 May 13 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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 12157 words
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PROPERTY
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Article, Illustration1289 2013-05-14 30 Falling prices have tied Americans to their homes in the past years Reuters [NEW YORK WASHINGTON] When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he wouldReuters; BLOOMBERG FILE PHOTO - 1,289 words
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837 2013-05-14 31 Search for yield drives risky play, given real estate’s lofty valuations Reuters [HONG KONG] As central banks print cash to boost moribund economies, investors in Asia wanting to hedge against rising prices are dumping gold and doubling down on property. They are drivenReuters - 837 words
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391 2013-05-14 31 It wants to lower building costs and hike productivity Bloomberg [SYDNEY] New Zealand will conduct an inquiry into residential construction in an effort to lower building costs and increase productivity and competition. The Pacific nation’s government commissioned the study to identify ways toBloomberg - 391 words
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Article, Illustration846 2013-05-14 32 KENNETH LIM - It is now much bigger, boasting 900 more rooms and 2 new markets By KENNETH LIM IT takes a certain audacity to build up a billion-dollar hospitality business in three years. M&L Hospitality Trust (M&L) bought its first hotel in 2009, andPHOTO: ARTHUR LEE - 846 words
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Article, Illustration686 2013-05-14 32 MINDY TAN - MBFC offers a 24/7 work-live-play environment By MINDY TAN THE first integrated development in the central business district, Marina Bay Financial Centre (MBFC), epitomises the Urban Redevelopment Authority’s vision of a work-live-play environment. “It is amazing to see how Marina BayPHOTO: ARTHUR LEE - 686 words
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446 2013-05-14 32 ONG CHOR HAO - By ONG CHOR HAO MALAYSIAN property stocks should “perform handsomely” this year with uncertainty removed after the country’s recent general election and a strong pipeline of developments and land awards to come, Maybank Investment Bank (IB) said. With the status quo446 words
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388 2013-05-14 32 Bloomberg [SHANGHAI] China’s home sales transaction value fell 13 per cent in April from the previous month as the government’s new property curbs started to take effect. The value of homes sold declined to 494.6 billion yuan (S$99.4 billion) fromBloomberg - 388 words
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312 2013-05-14 32 Bloomberg [HONG KONG] Cheung Kong Holdings Ltd, the developer controlled by Asia’s richest man, is cancelling the sale of HK$1.4 billion (S$233.7 million) of hotel rooms in Hong Kong after the city’s regulator started a probe into the transactions. CheungBloomberg - 312 words
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Advertisement91 2013-05-14 30 MORTGAGE LOAN CALCULATOR Want to know how much monthly instalments you have to pay for your property? www.stproperty.sg/property-tool Key in the price of your property Enter the interest rate, loan tenure and margin of finance Click ‘Calculate’ and we’ll do the math for you! Financing Tools ii a At STProperty.sg,91 words
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Advertisement76 2013-05-14 31 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. ESAT3 NOTICES CLA/30MAR05/GAN Residential Site At Hillview Terrace Site area 10,087 sf approx MP 2008 Resl, PR 1.92 Tranquil setting next to Little Guilin Tender Closing: Tues, 4 June76 words
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Advertisement373 2013-05-14 31 Ns Nssn :>7\^ \N' S N V N > Ites 'H T n«i III n Jlfai SOUTHBANK UNITS FOR SALE Rare offering of 28 commercial SOHO units Riverfront location along North Bridge Road CBD fringe 2 minutes walk to Lavendar MRT station Rejuvenating location surrounded by Upgraded Rochor Canal, future373 words
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Advertisement79 2013-05-14 31 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 1079 words
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Advertisement244 2013-05-14 31 FOR SALE BY TENDER GILSTEAD COURT (50-54 GILSTEAD ROAD) PRIME RESIDENTIAL SITE in District 11 Velocity E22 Gl lstca<> O O. uT GILSTEAD g COURT Novena Novena Square Shopping Mall Moulmein Rd United a Unitec X %s Lee Keng Java Kampong Newton W Quiet neighbourhood Within walking distance to two244 words
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