The Business Times, 30 May 2013

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 31
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, May 30, 2013
    25 words
  • 777 1  -  With restructuring on its plate, it slips another rung in competitiveness ranking By TEH SHI NING [SINGAPORE] As slow growth and the pains of economic restructuring persist, Singapore has fallen yet another rung to place fifth on the latest global competitiveness rankings compiled
    Source: IMD World Competitiveness Yearbook 2013  -  777 words
  • 899 1  -  Deal in US and tie-up in Nigeria kick-start its new asset-light strategy By ANDREA SOH [SINGAPORE] Olam International is hard at work, seeking to reinvent itself. In his first media interview since the firm released the results of its strategic review on
    899 words
  • MARKETS DIGEST
    • 65 1 HST INDEX 3,367.47 (-38.61) HST INDEX FUTURES 3,367.00 (-39.00) HSIMSCI 377.20 (-4.76) HSIMSCI FUTURES 377.10 (-4.90) US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.505 1.911 EURO (US$/S$/€ 1.287 1.634 Foreign currency per US$ S$ YEN 101.80 80.20 RM 3.074 2.421 HK$ 7.764 6.115 BAHT 30.22 23.80 RUPIAH
      65 words
    • 48 1 Wednesday Change KL COMP 1,783.47 +7.31 NIKKEI 225 14,326.46 +14.48 HANG SENG 22,554.93 -369.32 SET INDEX 1,601.61 -17.96 JAKARTA COMP 5,200.69 +24.46 MANILA COMP 7,228.57 +115.35 SEOUL COMP 2,001.20 +14.98 SHENZHEN B 876.26 +3.15 MUMBAI IND 20,147.64 -13.18 12noon EDT Change DOW 15,293.62 -115.77 NASDAQ 3,467.83 -21.06
      48 words
    • 21 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 JAPAN 13.079 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
      21 words
  • Page 1 Advertisements
    • 225 1 COMPANIES DBS sells S’pore-cleared dim sum bonds CORPORATE RESULTS Old Chang Kee’s curry puffs raking in the dough PAGE 8 PAGE 7 PROPERTY A touch of French flair at Fort Canning PAGE 31 ACCOUNTANCY CONVENTION Keeping up with rising demand PAGE 11 NO NEED TO QUALIFY Ingenieur Double Chronograph Titanium.
      225 words
    • 3 1 8 *****1 *****4
      3 words

  • TOP STORIES
    • 904 2  -  IMF cites concerns about quality of investment, impact on repayment By in VIRGINIE MANGIN in Beijing THE International Monetary Fund and OECD are the latest in a long line of organisations to review downwards their growth forecast for China in 2013
      904 words
    • 407 2 S’pore stumbles slightly on road to reinvention AS slow growth and the pains of economic restructuring persist, Singapore has fallen yet another rung to place fifth on the latest global competitiveness rankings compiled by Swiss business school IMD. FRONT PAGE IMF, OECD cut forecasts for China’s growth THE
      407 words
    • 685 2  -  By ANDREA SOH [SINGAPORE] If asked to score Olam International on how well it has crossed the turbulent waters of the past few months, chief executive Sunny Verghese would give the firm high marks. “It’s now five months down the road, so
      PHOTO: YEN MENG JIIN  -  685 words
    • 480 2  -  It has the most consistently competitive economy: IMD By TEH SHI NING [SINGAPORE] Not only has US reclaimed its place at the top of IMD’s global competitiveness ranking, it has also emerged as the most consistently competitive economy since 1997 thanks
      Source: IMD World Competitiveness Yearbook 2013  -  480 words
    • 630 2  -  ICAEW says it’s not because the country has lost its edge By MALMINDERJIT SINGH [SINGAPORE] Singapore’s low productivity levels are the result of low economic growth and also due to short-term business cycle fluctuations, according to a research report. The Institute
      630 words
    • 846 4  -  Group’s 8,000-sq-ft flagship store will be S-E Asia’s largest By LEE MEIXIAN [SINGAPORE] Encouraged by robust sales in its South-east Asian markets, Giordano International will open this region’s first megastore in Suntec City in July. The casual apparel chain’s 8,000-square-foot flagship store, South-east Asia’s
      846 words
    • 782 4  -  McKinsey details potential, sees 8% growth as possible though challenging By NG ZHUO YANG [SINGAPORE] Myanmar has the potential to more than quadruple the size of its economy from US$45 billion in 2010 to more than US$200 billion in 2030, says the business
      Source: McKinsey Global Institute analysis  -  782 words
    • 425 4 Biden leaves Brazil tomorrow, the day Xi arrives in Trinidad Tobago for first trip to region Bloomberg [RIO DE JANEIRO] The competition between the world’s two biggest economies for influence in Latin America is on display this week as US Vice-President
      Bloomberg  -  425 words
  • Page 2 Advertisements
    • 182 2 3-NIGHT BEST OF MALAYSIA CRUISE MARINER OF THE SEAS Departures: Jun 1, Nov 15,22,29, Dec 6,13,20, 2014 Jan 20, Feb 12 27 r r C Port-of-call: Kuala Lumpur (Port Klang) Ir t 4/5-NIGHT ISLES OF SOUTHEAST ASIA CRUISE MARINER OF THE SEAS Departures: Jun 4, Nov 10 A 18,25, Dec
      182 words

  • Page 3 Advertisements
    • 165 3 www.vw. com. sg Not that you would, but you could. Q V SKH380GA i a a m lx u i m *-T New Tiguan R-Line. im Introducing the new Tiguan R-Line, the first model in the exclusive Volkswagen R-Line range to be offered in Singapore. As well as its 210
      165 words

  • Page 4 Advertisements
    • 225 4 going overseas for noiioavs? All goods brought into Singapore are subject to 7 per cent Goods and Services Tax (GST). You are required to pay tax on goods in excess of your GST relief. Please produce the receipts of your overseas purchases at the Customs Red Channel or Tax Payment
      225 words

  • COMPANY NEWS
    • 433 5  -  Many developments coming onstream in FY14 By LEE MEIXIAN DESPITE steady revenue and improved gross margins, property and retail group Metro Holdings ended its fiscal fourth quarter with an 81 per cent year-on-year drop in net earnings to $14.9 million. This
      ST FILE PHOTO  -  433 words
    • 290 5  -  By ANDREA SOH BANKING solution provider Silverlake Axis has unveiled a proposed placement of up to 150 million shares comprising 100 million new shares and 50 million vendor shares at 75 cents each. The 50 million existing shares will come from
      290 words
    • 471 5  -  By ONG CHOR HAO ASIAN Pay Television Trust (APTT), the second-largest listing of the year in Singapore, failed to shine in its trading debut yesterday, with the stock falling 5.2 per cent from its initial public offering (IPO) price of 97 cents. The
      471 words
    • 739 7  -  Its first, the 500m yuan bonds paying 2.5% get orders reaching 2b yuan By SIOW LI SEN DBS Bank has sold its first Singapore-cleared dim sum bonds amid strong demand as investors bet on currency appreciation gains from China, the world’s secondlargest economy. Yesterday,
      BT FILE PHOTO  -  739 words
    • 481 7  -  By JOYCE HOOI DATA roaming has just become less financially ruinous. StarHub and SingTel have both launched new data roaming services designed to keep travellers out of the poorhouse. StarHub announced a new service called RoamEasy yesterday, and hours later, SingTel unveiled its
      481 words
    • 440 8  -  Product efficiency among factors cited for higher gross profit margin By GRACE LEONG OLD Chang Kee’s signature curry puffs and snacks are raking in the dough. The curry-puff maker posted a net profit of $4.98 million on revenue of $65.6 million for the
      FILE PHOTO  -  440 words
    • 231 8  -  By CARINE LEE DESPITE a dip in revenue, Singapore-listed Willas-Array Electronics (Holdings) Ltd’s net profit for the year ended March 31, 2013, rose 3 per cent to HK$45.84 million (S$7.45 million), from the preceding financial year’s HK$44.52 million. The Hong Kong-based electronics component
      231 words
    • 371 8  -  By ANDREA SOH MEDICAL device developer Biosensors International Group’s fourth-quarter earnings rose 9 per cent, even as total revenue remained flat. The group recorded a net profit of US$29.6 million, up from US$27.2 million a year ago. A US$10.4 million
      371 words
    • COMPANY BRIEFS
      • 84 8 PHOTOGRAPHIC and timepiece product distributor GSH Corp said it plans to fund its expansion into property development in China with net proceeds of $246.8 million raised through its renounceable non-underwritten one-for-one rights issue. The company said its rights issue of 4.94 billion new
        84 words
      • 96 8 PT BERLIAN Laju Tankers said that if an appeal against its restructuring plan that was approved by creditors and ratified by the Central Jakarta Commercial Court is allowed by the Supreme Court, the company may be placed into bankruptcy. Creditors of the Indonesian
        96 words
      • 46 8 FREIGHT Links Express Holdings said its $100 million tranche of four-year fixed rate note issue was 13 times subscribed, garnering $1.3 billion in orders. The notes were issued yesterday. The notes were part of its $400 million multicurrency medium-term note programme.
        46 words
      • 55 8 MIDAS Holdings has clinched a RMB420 million (S$86.6 million) contract through its joint venture company Nanjing SR Puzhen Rail Transport. For the contract, awarded by MTR Corporation (Shenzhen), Midas will supply 56 train cars for the Shenzhen Metro Line 4, with delivery slated from
        55 words
      • 49 8 THE subsea division of Ezra Holdings, EMAS AMC, has teamed up with Cecon for pipe laying work in the North Sea. EMAS AMC’s pipelay vessel, Lewek Centurion, will begin work on the 60-km pipeline in the third quarter of this year.
        49 words
      • 53 8 CHASEN Holdings has clinched seven new projects worth $19.3 million. Three were secured through Chasen’s wholly-owned subsidiary, Chasen (Shanghai) HiTech Machinery Services, for a total of $2.9 million. The remaining four deals worth $16.4 million for projects in Singapore and Malaysia came through Chasen’s technical
        53 words
      • 44 8 A CONSORTIUM of Yongnam Holdings, Changi Airport Planners and Engineers and JGC Corporation, has submitted a proposal to the Myanmar government to design, construct, operate and maintain Hanthawaddy International Airport as a public-private partnership for a 30-year concession.
        44 words
  • Page 5 Advertisements
    • 122 5 r Uf? J V r y/7 so s' m mm run <Z7 2 35 25 0 0 IIWW URIA/ERK PRESENTS THE UR-2'10 ALT IN AND ITS REVOLVING SATELLITE COMPLICATION WITH FLYBACK MINUTE HAND URWERK ZURICH/GENEVE URiA/ERK has its origins in the town of Ur in Mesopotamia. In 6000 BC, Ur’s
      122 words

  • SINGAPORE MARKETS
    • 499 6  -  More movements in broader market but almost twice as many losers as gainers; blue chips on losing end STOCKS JOYCE HOOI Correspondent AS markets worldwide returned to worrying about the US Federal Reserve’s next move, the Straits Times Index (STI) beat a retreat yesterday,
      Source: Bloomberg  -  499 words
    • 4 6 DAILY
      4 words
    • 73 6 May 29 VALUE CLOSE BT OB/OS 79.00 -152.00 BT CADI -*****.00 -151.00 BT 10-day MA -*****.00 +8.00 FTSE ST Mid Cap 817.02 -14.88 FTSE ST Small Cap 597.48 -8.89 FTSE ST All Share 828.04 -10.62 FTSE ST China Top 212.44 -3.63 FTSE ST China 243.61 -4.51 FTSE
      73 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 11 0 0 0 0 4 11 0 Manufacturing 44 76 34 11 6 13 55 82 47 Commerce 22 30 16 2 4 6 24 34 22 Tpt/Stor/Comms 9 27 5
      186 words
    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,825 37,825 79,094 79,094 Manufacturing 714,162 224,851 939,013 227,703 16,430 244,133 Commerce 681,231 49,736 730,967 169,413 3,566 172,979 Tpt/Stor/Comms 156,741 16,710 173,451 260,981 6,709 267,691 Finance 120,959 2,496 123,455 192,964 1,260 194,224 Construction 374,840 248,291
      123 words
    • BROKERS’ TAKE
      • 209 6 May 29 close: $1.485 DBS Group Research, May 29 TAT Hong Holdings reported FY13 revenue of S$837 million and earnings of S$70 million, which were in line with our forecasts. Revenue grew 16 per cent, driven by stronger tower and mobile crane rental segments, which rose
        Source: Bloomberg  -  209 words
      • 724 6  -  Compiled by LYNN KAN May 29 close: $0.355 NRA Capital Research, May 29 TUAN Sing (TS) is primarily a property developer, deriving 85 per cent of its group earnings in FY12 from the property segment. Despite the latest property cooling measures, sales of Sennett Residence, which
        724 words
    • 115 6 Stock name Close Change CapMallsAsia 1.975 -0.035 CapitaLand 3.600 -0.040 CapitaMall 2.160 -0.040 CityDev 10.89 ComfortDelGro 1.930 -0.025 DBS Grp 17.12 -0.150 GLP 2.850 -0.040 Genting SP 1.470 -0.005 Golden Agri 0.575 HK Land 7.080 -0.250 HPH Trust US$ 0.800 -0.005 JMH 66.31 -0.390 JSH 40.65
      115 words
    • 577 6 CURRENCIES Reuters [TOKYO] The Australian dollar fell to a two-year low of US$0.9537 yesterday, while the yen strengthened as Japanese stocks fell, capping the US dollar’s gains against a basket of currencies as it hovered near a three-year high. The greenback
      Reuters; PHOTO: BLOOMBERG  -  577 words
    • 56 6 VOLUME Aussino 344,242,000 YHM 248,219,000 UniFiber 245,770,000 Magnus 182,824,000 Asian Pay TV Tr 172,745,000 GSH Corp 144,420,000 Armarda 138,202,000 Innopac 98,543,000 Contel 96,124,000 CNA 94,064,000 VALUE($) Asian Pay TV Tr 167,150,215 SingTel 131,701,940 DBS Grp 79,340,000 GLP 57,838,385 Keppel Corp 48,066,593 Aussino 40,482,619 CapitaLand 38,698,010 UOB 38,537,750
      56 words
    • 107 6 BY CENTS CLOSE UP GLD 10US$ ***** 125.7 0.7 STXPO 100 398 48.0 13.7 DBXT S&P Short 10US$ 2985 47.0 1.3 DairyFarm 1310 35.6 2.2 DBXT MSCHINA 10US$ 1191 21.6 1.4 DBS Bk 4.7% NCPS 100 ***** 20.0 0.2 ShangriLa Asia 1444 8.5 3.7 Lyxor Japan 10US$ 116.4 8.1
      107 words
    • 122 6 BY CENTS CLOSE DOWN Jardine C&C 4679 -196.0 -4.0 IS S&P500 ***** -76.2 -0.4 DBXT Nifty 10US$ ***** -62.2 -0.4 JMH 6631 -49.5 -0.6 DBXT STGLDv100 10US$ 3052 -31.7 -0.8 HK Land 708 -31.7 -3.4 DBXT MSAsExJp 10US$ 3371 -21.6 -0.5 Hyflux 6% CPS 10 ***** -20.0 -0.2 DBXT
      122 words
    • 5 6 DAILY
      5 words

  • Page 7 Advertisements
    • 408 7 INITIAL PUBLIC OFFERING OPENS TODAY APPLY NOW TEE Land Limited (“TEE Land” or the “Group”) is a property developer with an established track record in delivering quality and well-designed residential property developments in Singapore. Our property development projects are pre-dominantly freehold in tenure and are targeted at middle-to-high income consumers
      408 words

  • Page 8 Advertisements
    • 466 8 Reaching The Apex of Sustainability Excellence SINGAP0RE SUSTAINABIMIY AWARDS REGISTRATION CLOSES ON 14 th JUNE 2013 The Singapore Sustainability Awards is an initiative of the Singapore Business Federation which comprises of the Sustainability Business Awards and the Green Technology Awards. Inaugurated in 2009, the awards recognize organizations for their outstanding
      466 words

  • SINGAPORE NEWS
    • 512 9  -  Survey shows average bonus projected at 2.3 months By MARIA MALA YOGALINGAM SINGAPORE workers can expect an average of 4.7 per cent pay rise this year, 0.5 per cent less than last year’s 5.2 per cent salary increment. Those working in
      512 words
    • 370 9  -  By NG SAI YING INUKA, the Singapore Zoo’s polar bear long “adopted” by the Singapore Press Holdings (SPH) Foundation, moved into a larger home yesterday. It was also the day when the foundation, a registered charity and Institution of Public Character supporting
      PHOTO: RAJ NADARAJAN/THE STRAITS TIMES  -  370 words
    • 387 9  -  By RONNIE LIM SINGAPORE gas importer Gas Supply Pte Ltd (GSPL), which gets its piped natural gas from oil/gas wells in Sumatra, has said that its supplies have been unaffected by its exporter PetroChina being reportedly locked out from its wells
      387 words
    • SINGAPORE ROUNDUP
      • 65 9 THE National University of Singapore (Suzhou) Research Institute (NUSRI) marked its opening in Suzhou Industrial Park yesterday by inking memorandums of understanding with Suzhou-based education institutes and companies. It will collaborate with the Suzhou campus of the Renmin University of China to set up a
        65 words
      • 52 9 THE sentencing of former law professor Tey Tsun Hang, who on Tuesday was convicted of corruption in a sex-for-grades trial, has been adjourned to June 3. Chief District Judge Tan Siong Thye had said he needed to deliberate over the submissions made by the prosecution
        52 words
    • 285 9 A BUS depot intended for the use of SBS Transit will be built off Loyang Avenue, the Land Transport Authority (LTA) said yesterday. To be built by 2015, it will be able to accommodate about 500 buses, additions to SBS Transit’s fleet
      285 words
    • 610 9  -  FTA will boost flow of cross-border services: DPM By LEE U-WEN MANY Singapore companies are eager to play a role in China’s ongoing urbanisation, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam yesterday. Speaking at the opening ceremony of a major trade
      610 words
  • Page 9 Advertisements

  • MALAYSIA/INDONESIA
    • 723 10  -  Strategists being blamed for BN’s dismal performance in general election By S JAYASANKARAN in Kuala Lumpur THE increasing calls for the removal of Malaysian Prime Minister Najib Razak’s strategists in the wake of the May 5 general election have raised fresh speculation that
      PHOTO: AP  -  723 words
    • 362 10 [KUALA LUMPUR] Malaysian tycoon Vincent Tan is looking to sell up to 49 per cent of his 7-Eleven convenience store franchise in a deal that could value the company at US$800 million, Malaysia’s Business Times reported. Mr Tan, founder of Berjaya Corp,
      362 words
    • 403 10 [JAKARTA] The Indonesian government will introduce a package of tax incentives next year to encourage innovation and reduce dependence on imports, said newly appointed Finance Minister Chatib Basri. Starting 2014, tax-reduc-tion schemes will be given to strategic industries producing intermediate goods, the Jakarta
      403 words
  • Page 10 Advertisements
    • 481 10 Transform Yourself To Be An Influential Successful Leader Who should attend: Senior and Middle Management, General Management, Supervisors, Marketing PR Consultants, and Sales and Business Development Personnel Productivity and Novation Credit (Pi g Claimable 2013 MAY SERIES FULL-DAY WORKSHOPS SPH News Centre (9.30am to 6.00pm) EQ Leadership What you will
      481 words

  • SINGAPORE ACCOUNTANCY CONVENTION
    • 889 11  -  Accountancy professionals in Asia have to stay relevant by broadening their skill sets to keep pace with the region’s growth. By KAN KWOK LEONG ByKAN KAN KWOK LEONG AS ASIA’S resilience in the face of a patchy global economic recovery continues to draw capital and
      889 words
    • 327 11 THE Committee to Develop the Accountancy Sector was formed by the Ministry of Finance in December 2008 and tasked to make key recommendations aimed at transforming Singapore into a leading global accountancy hub for the Asia-Pacific region by 2020. Released in 2010, the CDAS final report
      327 words
  • Page 11 Advertisements
    • 401 11 Accountancy Convention 2013 The Singapore Chartered Accountant: A Beacon of the Asian Economy > 86 L v Institute of Certified Public Accountants of Singapore Accountability Professionalism Trust Join the Institute of Certified Public Accountants of Singapore (ICPAS) at the Singapore Accountancy Convention 2013, as ICPAS celebrates 50 Years of Accou
      401 words

  • GREATER CHINA
    • 648 12 VIP players drive revenues to new highs after pulling back last year Bloomberg [HONG KONG] Sky 32, an elite oasis of luxury on the 32nd floor of the Galaxy Macau casino, offers commanding views, a waterfall, a bar with vintage single malt
      Bloomberg; PHOTO: BLOOMBERG  -  648 words
    • 264 12 Reuters [BEIJING] China will next month conduct its first “digital” technology military exercise, state media said yesterday, against growing concern in Washington and elsewhere about alleged Chinese hacking attacks. A brief report by the official Xinhua news agency said the exercise, to
      Reuters  -  264 words
  • Page 12 Advertisements
    • 107 12 HOME LOAN COMPARISON CALCULATOR Use our Home Loan Wizard to compare the latest home loan rates and packages across all banks in Singapore! www.stproperty.sg/property-tool HOME LOAN COMPARISON CALCULATOR The Home Loan Comparison Calculator helps you calculate your monthly payments and compare the latest home Loan packages From all banks in
      107 words
    • 27 12 am US SBO>S sa Breakfast »> with torque JUNE 22,2013 SATURDAY -v= Supercharge your Saturday with the exciting new Nissan Note! SIGN UP NOW AT WWW.TORQUE.COM.SG/EVENTS SPH magazines
      27 words

  • GREATER CHINA/INDIA
    • 755 13 Its stock market has least volatility, best risk-adjusted return: Bloomberg ranking Bloomberg [MUMBAI] India, buoyed by a decline in commodity prices and a government encouraging international investment, is claiming its place as the stock market with the least volatility and the highest return
      Bloomberg; PHOTO: BLOOMBERG  -  755 words
    • 411 13 Two PMs pledge to boost defence ties, start bullet train Bloomberg [TOKYO] Japanese Prime Minister Shinzo Abe and Indian Prime Minister Manmohan Singh pledged to increase defence cooperation and push for a deal that would allow the export to India of nuclear
      Bloomberg  -  411 words
    • 295 13 Bloomberg [BEIJING] Late chairman Mao Zedong’s Red Flag sedans go on sale to the public today after a US$300 million overhaul, pitting the symbol of communist privilege against Volkswagen’s Audi for China’s elite. China FAW Group, which built the first Hongqi –as
      Bloomberg  -  295 words
  • Page 13 Advertisements
    • 90 13 We explore all angles. So we really know what s happening. When we look at investments, we never take things at face value. Our instinct is to ask what could go wrong, as well as what could go right. Experts call this due diligence. We think from any point of
      90 words

  • ECONOMY WATCH
    • 759 14 AFP [MADRID] Despite having a bachelor’s degree, five years of professional experience and speaking three languages, Paloma Fernandez has joined the swelling ranks of Spain’s “lost generation” that can’t find work in a grinding recession. The 28-year-old, with a degree in translation,
      AFP; PHOTO: AP  -  759 words
    • 532 14 Number out of work rises 21,000 in May to 2.96m as jobless rate touches 6.9% Bloomberg [FRANKFURT] German unemployment rose more than four times as much as economists estimated in May as the euro area’s sovereign debt crisis and a long winter took
      Bloomberg  -  532 words
  • Page 14 Advertisements
    • 73 14 STCARS .SG Your One-Stop Portal for Cars and Accessories m Latest car reviews motoring news !Wide collection of accessories Information guide for motoring services o v' 1 f w SL Extensive selection of used rental cars Good o variety of commercial vehicles Comprehensive collection of new cars Find more than
      73 words

  • WORLD
    • 758 15 Berlin backs Beijing as many German businesses fear fallout from a trade war with China NYT [HONG KONG] Adroitly alternating the threat of a trade war with the lure of its huge import market, China appears to have driven a deep wedge
      NYT  -  758 words
    • 193 15 Reuters [LONDON] Britain’s Financial Ombudsman Service received over two million enquiries and complaints from customers of financial services companies last year, driven by cases relating to the mis-selling of loan insurance. The ombudsman, which settles disputes where financial services companies and
      Reuters  -  193 words
    • 656 15 New Komeito chief says long-term rates at 1 tolerable Reuters [TOKYO] A recent rise in Japan’s long-term interest rates to around one per cent is within a tolerable range, but it is necessary to avoid a marked further rise in bond
      Reuters  -  656 words
    • 477 15 AFP [BANGKOK] Thai soldiers are believed to have shot an Italian photographer who was killed during mass opposition street protests in Bangkok in 2010, an official inquest found yesterday. The probe by a criminal court in the Thai capital, however, was
      AFP; PHOTO: AFP  -  477 words
    • 452 18 US and Japan will continue to do better than euro countries Bloomberg [PARIS] The Organisation for Economic Cooperation and Development (OECD) expects global economic growth to accelerate in 2014 with both the US and Japan continuing to outpace the euro area. “The
      Bloomberg  -  452 words
    • 454 18  -  By ANTHONY ROWLEY in Tokyo BANK of Japan governor Haruhiko Kuroda yesterday issued a call for emerging economies to be allowed to make greater use of capital controls in order to cope with the impact of financial globalisation and with the consequent
      454 words
    • 263 18 AP [GENEVA] The Swiss government announced yesterday that it will let banks circumvent the country’s strict client secrecy laws as part of an effort to end a long-run-ning tax evasion dispute with the United States. Finance Minister Eveline Wid-mer-Schlumpf said
      AP  -  263 words
    • 548 18 Brussels lays down economic targets for EU nations AFP [BRUSSELS] The European Commission yesterday gave France and Spain extra time to trim their deficits as it laid down economic targets for EU nations that desperately need growth and jobs in the fallout
      AFP; PHOTO: AP  -  548 words
    • 450 19 Wearable devices and developments in TV in the works, CEO tells conference Reuters [RANCHOS PALOS VERDES, California] Apple Inc chief executive Tim Cook said yesterday he expects the iPhone and iPad maker would be responsible for “several more gamechangers” and that wearable computers
      Reuters  -  450 words
    • 767 20 Slowdown frees up labour, resources for seven LNG plants under construction Reuters [BRISBANE] A downturn in parts of Australia’s once-boom-ing mining sector is having an unexpected silver lining freeing up labour and resources for at least US$190 billion of liquefied natural gas
      Reuters; PHOTO: BLOOMBERG  -  767 words
    • 830 21 Trend seen bringing more attention to child-care policies, safety for families AP [WASHINGTON] A record number of American women are now the sole or primary breadwinners in their families, a sign of the rising influence of working mothers, a new study
      AP; PHOTO: BLOOMBERG  -  830 words
    • 568 21 Currency has fallen more than 5% since hitting high in April Bloomberg [BANGKOK] Thailand cut its benchmark interest rate for the first time this year as slowing economic growth bolstered government calls for easing. The baht fell. The Bank of Thailand
      Bloomberg  -  568 words
  • Page 15 Advertisements
    • 92 15 Team dynamics is central to the development of new ideas, procedures, products and creativity. The key ingredient to facilitate employee collaboration is investing in a good working environment. office Empowering Change c v X I 450 PER USER ’CLUSTER OF 4 3000 X 1400 X 740 (w x d x
      92 words

  • Page 16 / 17 Advertisements
    • 381 16 / 17 LIVE WHERE LIFE IS 4r~ TRULY BREATHTAKING. tm OJ f ri 3 I in* rB I Mi R umiv i II Jflv n iiHr v" no?’-- i'll nm i mk mitItc in ip LU LH r lx 1 *atd,S J 11! L V JJ1 i^ py. I 1 Mff 1
      381 words

  • Page 18 Advertisements
    • 204 18 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SOLOMON SOFTWARE (SEA) PTE LTD (Company Registration No: *****4527E) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies
      204 words
    • 292 18 NOTICE OF INTENDED PREFERENTIAL DIVIDEND Name of Company Address of former registered office Last day of receiving proofs Name of liquidators Address of liquidators Unico Aluminium Construction Pte Ltd (In Liquidation) Reg. No. 1991Q4380W 19 Kian Teck Avenue Jurong Industrial Estate Singapore *****3 13 June 2013 Chee Yoh Chuang and
      292 words
    • 266 18 NOTICE OF INTENDED DIVIDEND Name of Company Address of former registered office Last day of receiving proofs Name of liquidators Address of liquidators REPLAY INTERACTIVE PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****0894D 159 Kampong Ampat #07-01/02 KA Place Singapore (*****8) 13 June 2013 Chee Yoh Chuang Abuthahir Abdul
      266 words
    • 369 18 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF DAVALE PTE LTD (Company Registration No. *****1967R) (In Member’s Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of DAVALE PTE LTD, which is being voluntarily wound up, are required on or before
      369 words
    • 416 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEW PETCHABURI INVESTMENTS PTE. LIMITED (Registration No. *****7801C) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 10 Collyer Quay #27-00
      416 words

  • Page 19 Advertisements
    • 424 19 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices The Hongkong and Shanghai Banking Corporation Limited Annual Results for 2012 Consolidated Income Statement for the Year Ended 31 December 2012 Auditor’s Statement to the Directors of The Hongkong and Shanghai Banking Corporation Limited (incorporated in the Hong Kong SAP with limited liability)
      424 words

  • Page 20 Advertisements
    • 870 20 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 3E ill SB ff E.SUN COMMERCIAL BANK, LTD. Head Office; No. 115 117, Sec. 3, Minsheng E. Rd., Taipei *****, Taiwan (R.O.C.) Singapore Branch: 8 Marina View, #41-06 Asia Square Tower 1, Singapore *****0 BALANCE SHEETS STATEMENTS OF INCOME As at 31
      870 words
    • 734 20 CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 3 JALAN SAMULUN, SINGAPORE 6291 27. TEL: 6265 0411 FAX: 6265 6690 Company Registration No. I*****045K NOTICE OF MEETING NOTICE IS HEREBY GIVEN LhaL Lhe Forty-ninth Annual General Meeting of Chemical Industries (Far East) Limited will be held at the Registered Office of the Company
      734 words
    • 209 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DB RESOURCE DEVELOPMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****7591C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      209 words
    • 86 20 In the Matter of the Companies Act, Cap. 50 And In the Matter of TRANSPOWER ENGINEERING PTE. LTD. (IN LIQUIDATION) (Company No: *****7649Z) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the Final Meeting of Members and Creditors of the abovenamed Company will
      86 words
    • 98 20 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ARTESIAN INVESTMENTS PTE LTD (Company Registration No *****7569W) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a FINAL MEETING of the Members
      98 words

  • Page 21 Advertisements
    • 1059 21 V KAE3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ALPHA BOAT INTERNATIONAL PTE. LTD. (IN CREDITORS'VOLUNTARY LIQUIDATION) (Company Registration No. *****2D72Z) Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50,
      1,059 words

  • EDITORIAL & OPINION
    • 519 22 EDITORIAL LAWYERS in Singapore have it good. Unlike in the United States where a glut of lawyers had led scores of jobless law graduates to sue their alma maters last year for allegedly misrepresenting their employment prospects, there is apparently a dire shortage here.
      519 words
    • 781 22  -  THE BOTTOM LINE By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate THE recent governance controversy at
      Project Syndicate  -  781 words
    • 1046 22  -  Much bigger crisis brewing in the global financial system than just slumping markets ANTHONY ROWLEY Tokyo Correspondent MUCH of the world’s attention has been focused intensely over the past week on the storm in the proverbial teacup being played out in Tokyo’s financial markets
      PHOTO: BLOOMBERG  -  1,046 words
    • 1029 23  -  Adopting this strategy may help in overcoming crises of jobless growth, youth unemployment and income inequality By PARAG KHANNA The writer, a senior fellow at the New America Foundation, is director of the Hybrid Reality Institute and the author of‘The Second World’, ‘How to Run
      Project Syndicate; PHOTO: BLOOMBERG  -  1,029 words
    • 929 23  -  By VIVEK KATHPALIA The writer is with Nishith Desai Associates, a legal and tax consultancy with an office in Singapore INDIA’S march into the 21st century has had its share of ups and downs but as an eternal optimist, I can always see
      PHOTO: REUTERS  -  929 words


  • AVIATION/SHIPPING
    • 559 24  -  High fuel prices, stiffer competition offset improved passenger traffic By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS) has encountered turbulence early in the year, posting a loss of RM278.8 million (S$115 million) for the first quarter to end-March, notwithstanding an increase in passenger
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  559 words
    • 423 24  -  By NISHA RAMCHANDANI [SINGAPORE] After posting a 2.6 per cent decline in March, the global airfreight market registered a slight growth of 1.4 per cent in April, propped up by Middle Eastern and Latin American carriers. Emerging markets helped to offset a weaker
      423 words
    • 410 24 They will provide loans if owners build vessels in China Reuters [SINGAPORE] Chinese banks have sharply increased loans to global shipowners as European lenders retreat from the market but some are driving a hard bargain: the money often comes with the condition that vessels be
      Reuters  -  410 words
    • 444 24  -  By ADRIAN WAN EJ Insight FEARS of a bird flu epidemic may have eased but low demand is likely to keep plaguing Chinese airlines as officials cut back on meetings and trips, analysts say. The three big carriers China Southern, China Eastern
      EJ Insight  -  444 words
    • 235 24 SGX '000 May 29 S$ +/-Vol CH Offshore 0.46 unch 72 Chuan Hup Hldg 0.27 -0.01 479 Cosco Corp 0.81 -0.01 2069 S$ First Ship Lea 0.13 unch 115 Freight Links 0 46 Grand Banks unch unch 0 Jaya Hold Ltd Chuan Hup Hldq K1Ventures 0.17 unch 1546
      235 words
    • 376 24 Reuters [WASHINGTON] A Boeing programme for an aerial tanker that will refuel other warplanes mid-flight is nearly ready for a major design review likely to occur in July, according to a US Air Force official. The review will pave the way
      Reuters  -  376 words
  • Page 24 Advertisements
    • 77 24 HOT PROPERTY 1 DuchessT; POTHOUSE 3153sf 4rms "iZ 9 c years View S Face SE Nice F'HOLD STA Wa(k t R 0 ES CES La rge 3 bdrms f? ft* Vacant or tenanted unite a® 2%7 2 27T/3 K snn B ELLEVU E. F/fur n o 3500/48 °0sf. Mins walk
      77 words
    • 39 24 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY NO OFFICE, NO SHOP SPACE, NO PROBLEM Six women on their home business ventures Indian brides moving away from heavy fabrics GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      39 words
  • Page 24 Miscellaneous
    • 334 24 CRYPTIC CROSSWORD Across 5 Idiot the man had to be dressed (7) 7 Toilets by back of store falling apart? (5) 9 Attack male dog taken into home (6) 10 Upcoming party to be given by men very close by (4-4) 11 Plaything direly befouled with soot (3,7) 13 Wartime
      334 words

  • Page 25 Advertisements
    • 85 25 Shipping lines I Can they seeking reliable I I find your Ipqlstittpartners! “the I Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times MIL UUJIHUJ IIIVILJ Shipping times PLACE YOUR AD HERE The Business Times Shipping Times CALL JOE WONG AT 9620 1327 PLACE YOUR AD
      85 words
  • 1489 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    1,489 words

  • SINGAPORE STOCKS
    • 3164 26 Transaction date: May 29 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 10.4 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 170.5 -9 3450 179.5 166.5 170.5
      3,164 words
    • 190 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 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 19.3
      190 words
    • 10609 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund'd A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** 2.1334/ EIV local Ccy Bond 1 0221/ European Opportunities! 1.2349/ Global China Opportunities USD!** 2.0394/ Global Emerging Markets USD )pportunilies/“ 0 9853/ India
      10,609 words
    • 270 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40 unch 96 43 40 40 42.5 3.6 8.8 3.2 145.8 52 30 Genting HK US$ US50 unch 5829 50.5 49.5 49.5 50 3292.3
      270 words
    • 938 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 +1 18 119.8 119 118 119.8 543.2 143 120.4 CIMB APAC Div 100S$D 143 141.2 142.1 114.4 96 CIMB
      938 words


  • FINANCE & COMMODITIES
    • 643 28 May 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.55 *****.28 *****.49 Jun13 *****.00 *****.00 *****.00 *****.00 *****4 *****3 Sep13 *****.00 *****.00 *****.00 *****.00 2369 ***** MSCI TAIWAN INDEX FUTURES SPOT 296.42 299.67 296.42 May13 296.80 300.10 295.30 298.40 *****8 *****7 Jun13 296.80
      643 words
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr May 28 Index Change Change Change Change Change Change World Preliminary 1086.2 1.0 15.8 1.3 16.4 0.7 12.0 EAFE Preliminary 900.3 1.2 16.2 1.1 12.2 0.4 8.0 Europe Preliminary 1289.6 1.3 12.4
      373 words
    • 471 28 May 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 5.863 0.743 7.429 53.818 93.891 0.974 10.840 2.941 1.186 94.207 40.609 1.215 9.412 0.931 28.673 28.911 0.636 0.957 Canada 1.005 5.893
      471 words
    • 66 28 May 29 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      66 words
    • 137 28 May 29 GOLD(US$/oz) May 29 May 28 Hong Kong 1396.00 1394.00 May 28 May 27 London 1385.78 1393.41 1386.81 1394.18 Source: Thomson Reuters CAST BAR May 29 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 362 283 10gm 647 566
      137 words
    • 92 28 May 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22-Aug-13 0.25 6-Month BS*****H 29-Nov-13 0.28 1-Year BY*****H 02-May-14 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 99.83 99.96 99.95 5-Year N*****0T 0.5
      92 words
    • 57 28 May 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2385.0 2359.0 2398.0 2359.0 308 1959 Jul 13 2402.0 2404.0 2420.0 2398.0 4164 ***** Aug 13 2396.0 2399.0 2420.0 2396.0 ***** ***** Sep 13 2392.0 2393.0
      57 words
    • 156 28 May 29 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2145 1.2152 0.9566 0.9571 Canadian dollar 1.2207 1.2212 0.9618 0.9614 Euro 1.6340 1.6344 1.2870 1.2872 NZ dollar 1.0246 1.0248 0.8070 0.8071 Sterling pound 1.9109 1.9117 1.5051
      156 words
    • 121 28 As at 9am May 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.243 1.184 Can dollar 1.242 1.195 Euro 1.669 1.590 Sterling pound 1.943 1.869 NZ dollar 1.048 1.008 US dollar 1.296 1.235 Local dollars to 100 units of foreign
      121 words
    • 157 28 May 29 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ 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 12
      157 words
    • 109 28 May 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1509.25 1476.25 1528.50 1472.50 Aug 13 1433.75 1402.50 1448.50 1400.00 Sep 13 1334.25 1300.00 1340.25 1299.50 Nov 13 1288.00 1247.75 1289.00 1249.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
      109 words
    • 95 28 May 28 COCOA (£/tonne) Close Prev High Low Jul 13 1503 1522 1533 1501 Sep 13 1507 1526 1537 1506 Dec 13 1507 1524 1534 1505 Mar 14 1503 1521 1532 1502 COFFEE(US$/tonne) Close Prev High Low May 13 1890 1922 1910 1890 Jul 13 1922 1952 1950 1920
      95 words
    • 1098 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Albedo Limited W*****9 Ratio AlliedTech W*****2 Price Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 BakerTech W*****5 Expiry Best World Intl Ltd W*****5 1.5 1 30
      1,098 words
    • 70 28 CRUDE OIL PRODUCTS May 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.35 2.38 WTI (Near Mth) 95.05 1.13 Dubai (1-Mth F) 100.56 1.01 Tapis blend 107.21 1.42 Minas 100.91 1.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.39 2.17 Jet Kerosene 116.05 1.96 US$/barrel OpecOil Basket
      70 words
    • 23 28 May 29 May s$ Bid Offer 1-month 1.2696 1.2697 2-months 1.2695 1.2697 3-months 1.2695 1.2697 6-months 1.2692 1.2700 Source: OCBC
      23 words
    • 66 28 May-28 May-28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1817.25 1805.50 3 months 1852.50 1840.00 Copper, Grade A(US$/tonne) Cash 7290.75 7269.75 3 months 7323.00 7299.00 Lead(US$/tonne) Cash 2118.00 2067.50 3 months 2119.50 2069.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words

  • PROPERTY
    • 999 29 Housing costs are rising at the fastest pace since 1990 Bloomberg [BERLIN] Taxi driver Michael Ruedor lived for 20 years in a downtown Berlin apartment close to Checkpoint Charlie before rising rents forced him out. “Only millionaires are in my building now,” Mr Ruedor, 56, said
      Bloomberg; PHOTO: BLOOMBERG  -  999 words
    • 663 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN MAY 1 AND MAY 7, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 02/05/2013 99 861 1650 1916 V On
      663 words
    • 432 29  -  Marketing agent puts breakeven cost of Paya Lebar plot at $792 psf By FELDA CHAY A FREEHOLD industrial building off Paya Lebar Road is up for sale by public tender at a reserve price of $37 million. This works out to a
      432 words
    • 249 29 Bloomberg [SEATTLE] Morgan Stanley, the biggest property investor among Wall Street banks before the financial crisis, is trying to raise US$1-3 billion for a new global real estate fund amid appetite for higheryielding investments, said two people with knowledge of
      Bloomberg  -  249 words
    • 630 30  -  HK, Tokyo, S’pore are top three most expensive Asia-Pac office locations By GRACE NG SINGAPORE’S prime office rents are still among the highest in the Asia-Pacific region, despite being on a downward trend. Commercial real estate consultancy Colliers International ranked Hong Kong, Tokyo and
      630 words
    • 306 30  -  By ONG CHOR HAO MAPLETREE Investments (MIPL) has clinched its first greenfield development project in Hong Kong, to build a logistics facility that could make its way eventually into Mapletree Logistics Trust (MLT). It has been awarded a 226,000 square feet plot at
      306 words
    • 363 30 Bloomberg [HONG KONG] Carlyle Group, the world’s sec-ond-largest manager of alternative assets, bought a minority stake in two Chinese shopping malls, seeking to tap a retail property boom spurred by rising domestic consumption. A company advised by Carlyle’s Asia real estate
      Bloomberg  -  363 words
    • 818 31  -  Satellite facility of Pinacotheque de Paris museum to open here in 2015 By NG ZHUO YANG KOP Group is helping to develop a satellite facility of famed Parisian museum Pinacothèque de Paris in Singapore, in what could possibly be a game-changer for
      818 words
    • 540 31  -  It will pay RM267m for KL mixed development site By KALPANA RASHIWALA OXLEY Holdings is making its first overseas acquisition. The group said yesterday it is buying a Malay-sia-incorporated company that has clinched the rights to acquire a mixed development site
      540 words
    • 355 31 Reuters [TOKYO/MANILA] Philippine property firm Robinsons Land Corp and Japan’s Universal Entertainment Corp said that they ended talks over a planned joint development of a US$2 billion casino resort complex in Manila without a deal. Universal, controlled by billionaire founder Kazuo Okada, had
      Reuters  -  355 words
  • Page 29 Advertisements

  • Page 30 Advertisements
    • 307 30 FOR SALE BY TENDER GILSTEAD COURT (50-54 GILSTEAD ROAD) PRIME RESIDENTIAL SITE in District 11 c Ab Gen"® G.lstead d oi 5T GILSTEAD COURT Velocity [Mi] Novena cL Novena Square Shopping Mall Moulmein Rd United -1, Square h M P al| n9 Keng Lee Kam pong Jav AT 5 VV
      307 words
    • 462 30 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. rm m. mi! %i -m'-n" INCOME GENERATING ASSETS '■Benefit from secure and regular income returns plus long-term asset appreciation Commercial Buildings in Business District with 3-4%
      462 words
    • 56 30 Prime Residential Sites For Sale By Tender Site Area: 78,030.38 Sq Ft Freehold Plot Ratio: 2 1 Total GFA: 163,863.80 Sq Ft Height: Up to 20 Storey Near KOVAN MRT (NE13) Tender Closing Date: 6th June 2013 (Thursday) 4.00pm For Tender Documents call:Stanley Koo 9388 4785 CEA Reg: R*****3C Angeline
      56 words

  • Page 31 Advertisements
    • 177 31 FREEHOLD INDUSTRIAL REDEVELOPMENT SITE UBSliffi mm ,ir IS® n" r BARTLEY RESIDENCES (U/C) times Mr FUJIFILM BUILDING CENTRE BARTLEY (CC12) Site area 2,523.3 sqm approximately 27,160 sq ft Masterplan 2008 zoning “Business 1” Plot Ratio 2.5 Regular and Elevated Plot Close proximity to Bartley MRT Station Easy accessibility via Pan
      177 words
    • 207 31 International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with Sales Leasing of the following types of assets 3 4 Star Hotels I Shopping
      207 words

  • Page 32 Advertisements
    • 290 32 Launching this weekend Luxury living in the cultural heartland of London Exclusive first release Coming to Singapore Friday 31 May to Sunday 2 June 2013 Starting price: £625,000* A range of studio, 1, 2 and 3 bedroom luxury apartments in London’s most iconic Tower on the South Bank a 360˚
      290 words