The Business Times, 13 June 2013
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2013-06-13
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The Business Times
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Title Section25 2013-06-13 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, June 13, 201325 words
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868 2013-06-13 1 R SIVANITHY - It favours ‘speed bump’ approach over static halts By R SIVANITHY Source: SGX [SINGAPORE] The Singapore Exchange is considering the use of dynamic circuit breakers (CIRB) to ensure an orderly market in times of turmoil and to protect investors from excessive volatility. AtSource: SGX - 868 words
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Article916 2013-06-13 1 TEH SHI NING - The median forecast of MAS-polled economists for full-year Singapore growth falls to 2.3% By TEH SHI NING [SINGAPORE] Economists are now more pessimistic about Singapore’s growth but more optimistic about inflation than they were three months ago, shows the central bank’s quarterly survey of professional916 words
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MARKETS DIGEST
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Article65 2013-06-13 1 HST INDEX 3,153.48 (-16.90) HST INDEX FUTURES 3,154.00 (-17.00) HSIMSCI 354.07 (-3.73) HSIMSCI FUTURES 353.20 (-4.10) US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.566 1.964 EURO (US$/S$/€ 1.330 1.668 Foreign currency per US$ S$ YEN 96.80 77.10 RM 3.134 2.499 HK$ 7.764 6.190 BAHT 30.97 24.69 RUPIAH65 words
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Article45 2013-06-13 1 Wednesday Change KL COMP 1,775.12 -4.45 NIKKEI 225 13,289.32 -28.30 HANG SENG Closed SET INDEX 1,433.47 -19.16 JAKARTA COMP 4,697.88 +87.94 MANILA COMP Closed SEOUL COMP 1,909.91 -10.77 SHENZHEN B Closed MUMBAI IND 19,041.13 -101.87 12noon EDT Change DOW 15,057.23 -64.79 NASDAQ 3,417.06 -19.8945 words
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Article24 2013-06-13 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 13.242 TAIWAN KOREA JAPAN 1.475 US 9.33 BRITAIN SWITZERLAND US 3.25 Source: Bloomberg24 words
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Page 1 Advertisements
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Advertisement117 2013-06-13 1 PROPERTY Look beyond the hype in S-E Asia PAGE 32 INTEREST RATES MAS likely to reprimand banks PAGE 4 ACCOUNTANCY CONVENTION Building a world-class profession PAGE 13 COMPANIES NewSat eyeing Optus Satellite? PAGE 5 JL .Jaeger-leCoultr;. Grande Reverse Ultra Thin Duo. Calibre 854/1. Two dials driven by a single movement:117 words
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TOP STORIES
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Article, Illustration635 2013-06-13 2 ANTHONY ROWLEY - It predicts global GDP growth of 2.2% for 2013, rising to 3% next year By in ANTHONY ROWLEY in Tokyo THE world economy appears to be moving into a phase of “more stable, but slower growth”, the World Bank said yesterday inPHOTO: AFP - 635 words
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Article50 2013-06-13 2 IN “The Sail’s 22 retail units fetch $105 million” (BT, June 12), we wrongly reported that Tung Centre was on a site with a remaining lease term of 72 years last year. The building sits on a 999-year leasehold site starting from 1862. We are sorry for the error.50 words
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Article553 2013-06-13 2 Economic pessimism on the rise in S’pore ECONOMISTS are now more pessimistic about Singapore’s growth but more optimistic about inflation than they were three months ago, shows the central bank’s quarterly survey of professional forecasters. However, even their lowered median forecast of 2.3 per cent growth this year553 words
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995 2013-06-13 4 LYNN KAN - Govt not able to agree to requested concessions from interested parties By LYNN KAN [SINGAPORE] The Singapore Sports Council (SSC) has pulled the plug on the Changi Motorsports Hub (CMH) project. The SSC decided against opening a re-tender for CMH after deciding it995 words
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558 2013-06-13 4 RONNIE LIM - By RONNIE LIM [SINGAPORE] Germany’s Oiltanking is boosting its Greater Singapore storage with a new US$250 million joint venture oil terminal in nearby Karimun with Gene-va-based oil trader Gunvor. This move is seen as bolstering the potential emergence of a Singapore-Jo-hor-Riau (Sijori)558 words
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Article, Illustration480 2013-06-13 4 Reu ters [SAN FRANCISCO] Facebook Inc CEO Mark Zuckerberg faced a barrage of questions on Tuesday about the company’s slumping stock price during the No 1 social networking company’s first shareholder meeting since its rocky initial public offering last May. Mr Zuckerberg,Reuters; PHOTO: BLOOMBERG - 480 words
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433 2013-06-13 4 Move follows review into how benchmark interest rates are set Bloomberg [SINGAPORE] Singapore’s central bank plans to reprimand banks in the city-state as early as tomorrow following an 11 -month review into how benchmark interest rates are set, five people with knowledge ofBloomberg - 433 words
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692 2013-06-13 4 GRACE LEONG - Capstone unable to pay salaries, cover overhead costs By GRACE LEONG [SINGAPORE] Poh Lian Construction’s collapse has resulted in yet another casualty. Capstone Construction, a subcontractor for two HDB Build-to-order projects in Bukit Panjang and upgrading works at St Anthony’s Canossian Secondary692 words
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Page 2 Advertisements
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Advertisement113 2013-06-13 2 B V LG A R I ft as *K j :.r^ :V>C^ W -3* L_ S T> r:' <%> TMi V <*' ■A wm At 5&, us *> Mm w-x^f:\w% i HIP v?m ’*sBVLGARI Si* 7* fb/ k l s ±Z' 5 .gj: A I b swk; z. *03 ETERNAL113 words
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Page 3 Advertisements
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Advertisement172 2013-06-13 3 www.vw. com. sg Not that you would, but you could. i vm Q SKH380GA Ji 2 i i -cv. ST -vv m V<>--v. V.. New Tiguan R-Line. Introducing the new Tiguan R-Line, the first model in the exclusive Volkswagen R-Line range to be offered in Singapore. As well as its172 words
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COMPANY NEWS
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815 2013-06-13 5 S’pore now has 1.83b of corporate sukuk outstanding Bloomberg SINGAPORE’S sukuk pipeline is growing after Swiber Holdings Ltd became the latest issuer to respond to a government push to make the city an Islamic finance hub, according to CIMB Group Bhd and AsianBloomberg - 815 words
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Article, Illustration447 2013-06-13 5 VEN SREENIVASAN - NewSat founder says it was approached by banks and equity firms By VEN SREENIVASAN AUSTRALIAN satellite communications company NewSat, whose shareholders include Singaporean private investors, is reportedly eyeing Optus Satellite, which SingTel is said to be preparing to sell for some A$2 billion (S$2.38 billion). AustralianPHOTO: BLOOMBERG - 447 words
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Article, Illustration557 2013-06-13 6 NISHA RAMCHANDANI - Agreements made with Hydrex, Sam Goi, and separately with Yamada chief By NISHA RAMCHANDANI IN A move to diversify into the food business, Global Yellow Pages (GYP) is raising its stake in mushroom supplier and processed food manufacturer Yamada Green557 words
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320 2013-06-13 6 MICHELLE QUAH - By MICHELLE QUAH HUAN Hsin Holdings will be paying about $7.36 million to buy back a 16 per cent stake in Shanghai Heisei Electric Co Ltd (SHE) that it had disposed of. This follows its aborted attempt to list320 words
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205 2013-06-13 6 LEE MEIXIAN - By LEE MEIXIAN JAYA Holdings has sealed a deal to sell a second new anchor handling tug supply vessel, Jaya Sovereign, to Canadian buyer Atlantic Towing. The Jaya Sovereign is a sister ship of Jaya Supreme, which was delivered to Atlantic205 words
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Article, Illustration454 2013-06-13 6 JOYCE HOOI - By JOYCE HOOI AMOBEE, SingTel’s mobile advertising unit, is hoping to blur the line between highway billboards and smartphone screens by expanding into outdoor and in-store interactive advertising displays, it said yesterday. While the firm had started out focused on ads for mobile devices,FILE PHOTO - 454 words
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549 2013-06-13 10 MICHELLE QUAH - External audit regaining strong backing as a check and balance By MICHELLE QUAH EXTERNAL audits, whose usefulness had been called into question in the wake of the global financial crisis, appear to be regaining strong support, with investors now pushing harder for that549 words
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Article, Illustration388 2013-06-13 10 NISHA RAMCHANDANI - ECS to market cargo space on the group’s Airbus A320 fleet By NISHA RAMCHANDANI TIGER Airways Holdings has inked a three-year cargo partnership with Eu-rope-based ECS Group as the budget airline seeks to beef up its revenue from cargo operations. Under this388 words
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231 2013-06-13 10 Bloomberg SINGAPORE bonds fell yesterday for a fourth day, making their loss for the past three months the second-biggest in the world, as investors gird for the possibility that the US Federal Reserve could slow bond purchases. The price of Singapore’s 3.125 perBloomberg - 231 words
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Page 5 Advertisements
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Advertisement29 2013-06-13 5 BUY/SELL PATEK PHILIPPE/ROLEX #01-46 Peninsula Plaza #02-90K People’s Park Complex #01-53 Lucky Plaza #01-44 People's Park Centre #01-45 The Bencoolen #01-K31 Bukit Timah Plaza Call 6339 9609 Peng Kwee29 words
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Advertisement234 2013-06-13 5 Chatsworth Road Bishopsgate rvois Grange Road Tanglin Road A different world that’s entirely mine. VTl I n 2 23 PCI ii uu 1 /;l Artist’s impression Visit our show gallery located at: 71 Jervois Road Open daily from 11 am to 6pm For enquiries, please call Huttons at: 6471 1060/6471234 words
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Page 6 Advertisements
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Advertisement98 2013-06-13 6 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES Take The Next Leap Forward Need help crossing the next professional hurdle in your life? W Visit STJobs.sg/Seminar, to find various courses to upgrade yourself with today.98 words
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Advertisement36 2013-06-13 6 P0«° 0** 3^s| -il R£N5 tS5xM* vA ac*** 5MP CR'^ 55»* Breakfast »>with 11 JULY 20,2013 SATURDAY 4 N„*S MOTUL LEARN ABOUT THE IMPORTANCE OF ENGINE OIL FROM LUBRICANT SPECIALIST MOTUL! SIGN UP NOW AT sPHmagazmes36 words
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Advertisement162 2013-06-13 6 FUTURE TRANSJ ASIA 2013 25 27 June 2013, Grand Hyatt Jakarta SMART TRANSPORT-SMARTER FUTURE Register early to enjoy great savings! Visit our websites at www.smartpassengerrail.com.sg www.smartterminal.com.sg www.smarttraffic.com.sg to register or email Jiahui at jiahui@sphereconferences.com Unveil new strategies and solutions for operators and government authorities from aviation, rail and road Key162 words
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Page 7 Advertisements
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Advertisement353 2013-06-13 7 THE STRAITS TIMES IN THE PARK 2013 PreSeuhti bj Panasonic COOL GOODIE BAG, Each runner gets a goodie bag worth more than $168, which includes: In conjunction with The Straits Times' 168 th Anniversary SIGN UP NOW ND ENJOY MORETHAN WORTH OF Make running second nature! Grab your shoes and353 words
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SINGAPORE MARKETS
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Article, Illustration589 2013-06-13 8 R SIVANITHY - After hitting a 5-year high of 3,454 in May, the index has fallen below its 2013 starting point of 3,167 STOCKS R SIVANITHY Senior Correspondent SENTIMENT continued to be weak yesterday following Wall Street’s Tuesday slide with the Straits Times Index (STI)Source: Bloomberg - 589 words
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Article73 2013-06-13 8 Jun 12 VALUE CLOSE BT OB/OS -1156.00 +20.00 BT CADI -*****.00 -131.00 BT 10-day MA -*****.00 -115.00 FTSE ST Mid Cap 764.15 -5.69 FTSE ST Small Cap 576.88 -2.26 FTSE ST All Share 776.91 -4.35 FTSE ST China Top 198.91 -1.66 FTSE ST China 226.64 -2.04 FTSE73 words
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Article53 2013-06-13 8 VOLUME YHM 193,093,000 Innopac 136,677,000 Teledata 113,335,000 Aussino 103,143,000 SingHaiyi 90,863,000 Mirach Energy 51,305,000 WE Hldgs 42,329,000 Xpress 37,456,000 MDR 35,556,000 Golden Agri 34,302,000 VALUE($) SingTel 106,627,420 DBS Grp 74,187,238 Ascendasreit 47,475,605 CapitaLand 46,241,626 GLP 41,348,030 UOB 41,051,970 CapitaMall 39,436,770 Keppel Corp 36,996,390 OCBC Bk 34,115,430 Noble53 words
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Article186 2013-06-13 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 3 0 0 0 5 7 3 Manufacturing 40 57 38 4 14 9 44 71 47 Commerce 14 34 17 7 4 3 21 38 20 Tpt/Stor/Comms 9 24 9186 words
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Article, Illustration874 2013-06-13 8 JOYCE HOOI - Compiled by JOYCE HOOI ComfortDelGro Corporation June 12 close: $1.775 DMG Partners Research, June 12 WE hosted ComfortDelGro (CD) for a non-deal roadshow in Hong Kong. Investors’ queries were addressed and key takeaways include: CD expects continued growth from overseas markets, a cost-plus model could boost domestic busSource: Bloomberg - 874 words
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Article122 2013-06-13 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,954 35,954 77,319 77,319 Manufacturing 301,899 89,294 391,193 124,476 8,185 132,660 Commerce 221,824 75,030 296,854 105,454 6,797 112,251 Tpt/Stor/Comms 95,284 21,976 117,260 180,469 9,133 189,602 Finance 154,365 326 154,691 192,894 144 193,038 Construction 80,643 197,356122 words
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Article113 2013-06-13 8 Stock name Close Change CapMallsAsia 1.865 -0.045 CapitaLand 3.180 -0.050 CapitaMall 2.030 -0.040 CityDev 9.870 -0.110 ComfortDelGro 1.775 -0.045 DBS Grp 15.93 -0.120 GLP 2.690 -0.080 Genting SP 1.395 -0.015 Golden Agri 0.565 -0.010 HK Land 6.500 -0.030 HPH Trust US$ 0.775 JMH 61.70 +2.300 JSH113 words
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Article, Illustration478 2013-06-13 8 CURRENCIES Bloomberg [LONDON] The yen yesterday fell at least 0.3 per cent against all of its 16 major counterparts as traders speculated that the biggest gain in three years on Tuesday was too rapid, given expectations for further stimulus from the Bank of Japan.Bloomberg; PHOTO: AFP - 478 words
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Article112 2013-06-13 8 BY CENTS CLOSE UP JMH 6170 288.5 3.9 JSH 3878 214.5 4.6 GLD 10US$ ***** 107.9 0.7 DBXT FTVietnam 10US$ 2553 45.2 1.4 IS MS India 100US$ 614 37.6 5.1 Jardine C&C 4147 37.0 0.9 DBXT S&P Short 10US$ 3008 35.1 0.9 UOB 5.05%NCPS 100 ***** 28.0 0.3 Lyxor112 words
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Article132 2013-06-13 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -539.3 -4.1 DBXT MSTaiwan 10US$ 1854 -92.8 -3.8 DBXT AUD Bonds 5AU$ ***** -58.5 -0.3 Hyflux 6% CPS 10 ***** -40.0 -0.4 DBXT MSINDIA 10US$ 810 -38.9 -3.7 Great Eastern 1721 -38.0 -2.2 IS ASIA BND 100S$D 1267 -28.0 -2.2 Lyxor132 words
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Page 9 Advertisements
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Advertisement6203 2013-06-13 9 MANDATORY CONDITIONAL CASH OFFER by DBS Bank Ltd. (Company Registration No.: *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of HERO VALOUR LIMITED (Company Registration No.: *****16) (Incorporated in the British Virgin Islands) to acquire all the issued and paid-up ordinary shares in the capital of TSIT6,203 words
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Page 10 Advertisements
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Advertisement83 2013-06-13 10 PROPERTY RENTAL YIELD TOOL How much returns can you get from your property investment? Key in asking price of the property of your choice and the estimated asking rent, and we’ll do the rest! www.stproperty.sg/property-rental-yield Property Rental Yield Tool J3 f At STProperty.sg, your ideal property isn’t hard to find.83 words
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Advertisement32 2013-06-13 10 n s IjTB U FIND THE ONES J THAT FIT! Recruit the right people through CATS Recruit. rr"> Call 1800 289 8822 or email V J recruit@sph.com.sg J to advertise. L r32 words
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SINGAPORE NEWS
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473 2013-06-13 11 RONNIE LIM - Energy Market Authority hopes to have more dynamic secondary market By RONNIE LIM WITH the start of LNG supplies here last month, Singapore is now studying whether and how it can further develop the gas retail market here. The Energy Market Authority is473 words
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Article, Illustration472 2013-06-13 11 LIVIA YAP - By LIVIA YAP MORE Singaporeans are shopping online for its convenience and to get better value for their money, according to a poll by MasterCard. The latest MasterCard Online Shopping Survey revealed that 65 per cent of the 500 respondents polled said they used theFILE PHOTO - 472 words
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383 2013-06-13 11 BENJAMIN AW - By BENJAMIN AW RAISING the profile of social enterprises is key to improving the sector, a survey of 155 companies here has found. Social enterprises businesses fundamentally driven by a social mission can boost their visibility through roadshows, corporate link-ups, industry383 words
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603 2013-06-13 11 MINDY TAN - Firm demand from end-users for sites with low plot ratio By MINDY TAN THE tender for three smallish industrial plots in Tuas South Street 6 saw healthy bidding at the close of its tender on Tuesday. The number of bids received were healthy603 words
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465 2013-06-13 11 MARIA MALA YOGALINGAM - By MARIA MALA YOGALINGAM CORPORATE community investment (CCI) activities continue to defy companies’ attempts to get a handle on their precise value because the social good achieved through them resists being quantified. When CSR Asia surveyed 80 companies here and from Hong465 words
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Article, Illustration277 2013-06-13 11 NG ZHUO YANG - By NG ZHUO YANG WHILE some of us were lamenting the scorching heat in the last week of May, a team of nine volunteers from Singapore’s Public Service was literally sweating it out in Kampong Speu, Cambodia, to provide clean drinking water to the community277 words
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Page 11 Advertisements
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Advertisement51 2013-06-13 11 L_ dm 3II5S> -w5# We offer customised itineraries that go beyond the ordinary... Company Incentive Pilgrimage Tours Trips Off-site Meetings Church Retreats Special Interest Tours Tradeshows 7 Local Sightseeing Tours Educational Tours Coach Charter I to) budgeltour Planners TA2283 Beyond Expectations Tel: *****811 Email: sales@budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore51 words
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MALAYSIA/INDONESIA
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Article, Illustration609 2013-06-13 12 S JAYASANKARAN - Nasir Razak had praised Azran for ‘forthright’ views on Utusan By S JAYASANKARAN in Kuala Lumpur NAZIR Razak, the urbane chief executive of CIMB Bank, was lambasted yesterday by Utusan Malaysia for seeming to defend AirAsia X chief executive Azran OsmanPHOTO: BLOOMBERG - 609 words
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571 2013-06-13 12 Economists keep wary eye on weak external demand [KUALA LUMPUR] Malaysia’s industrial output jumped a surprising 4.7 per cent in April compared to a year ago, on the back of improvements in the manufacturing sector. Economists were, however, cautious about the latest data571 words
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637 2013-06-13 12 Bloomberg [JAKARTA] Indonesia is consuming foreign-curren-cy reserves at the fastest pace in Asia as policy makers struggle to contain the rupiah’s plunge, a sign to PT Mandiri Sekuritas that the central bank will pare intervention. Reserves dropped 5.7 per cent in aBloomberg - 637 words
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Page 12 Advertisements
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Advertisement245 2013-06-13 12 n A ASIA Learn how government assistance schemes can help boost productivity profitability for your business! Tap on the expertise of officers and advisors from Workforce Development Agency, SME Centre SCCCI and SME Infocomm Resource Centre SIRS in a wide spectrum of areas to enhance your business needs! Financial consultation245 words
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Advertisement588 2013-06-13 12 RSAia NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices STARLAND HOLDINGS LIMITED (Company Registration No. *****1382E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of Starland Holdings Limited (the “Company”) will be held at 80 Robinson Road, #10-01A,588 words
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Advertisement752 2013-06-13 12 AUTOMATED TOUCHSTONE MACHINES LIMITED (Company Registration No. *****9457N) (the “Company”) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that theAnnual General Meeting ofAutomated Touchstone Machines Limited (the “Company”) will be held at 63 Cantonment Road, Singapore *****8 on Friday, 28 June 2013 at 3.30 p.m. for752 words
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SINGAPORE ACCOUNTANCY CONVENTION
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Article, Illustration877 2013-06-13 13 KAN KWOK LEONGreports - Singapore’s success in developing its accountancy sector will draw international talent and boost the broader economy. KAN KWOK LEONG reports LEONGreports KAN KWOK LEONGreports ASOON-TO-BElaunched professional qualification will boost Singapore’s efforts to develop a world-class accountancy hub, but the ability to retain talent could be a877 words
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Article, Illustration225 2013-06-13 13 SINCE the launch of the Committee to Develop the Accountancy Sector (CDAS) Final Report on April 2010, Singapore has been making inroads towards the goal of becoming a global accountancy hub. The Singapore Accountancy Commission (SAC), tasked with overseeing the transformation, launched the Singapore Qualification Programme (SQP)225 words
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118 2013-06-13 13 THEMED “The Singapore Chartered Accountant: A Beacon of the Asian Economy”, the Singapore Accountancy Convention 2013 will focus on the next phase of growth for the accountancy profession. It will also explore issues related to Singapore’s development as a leading global accountancy hub. International and local118 words
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Page 13 Advertisements
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Advertisement399 2013-06-13 13 Accountancy Convention 2013 The Singapore Chartered Accountant: A Beacon of the Asian Economy s t 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 Accountability, Professionalism399 words
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GREATER CHINA
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Article, Illustration759 2013-06-13 14 ‘Breakthrough’ plan to phase out HFC output, consumption but no cuts agreed Reuters [WASHINGTON] China and the United States took a major step in the fight against climate change over the weekend, but what was termed a “breakthrough” might not do much in the longerReuters; PHOTO: AP - 759 words
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355 2013-06-13 14 AYISHAH MA - By AYISHAH MA EJ In sight [HONG KONG] A currency swap agreement between China and the United Kingdom could be in place before the year is out, the City of London Corp said. The projection follows a Feb 22 announcement by the Bank ofEJ Insight - 355 words
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Page 14 Advertisements
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Advertisement2271 2013-06-13 14 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. HEAD OFFICE: No. 100, Chi-lin Road, Chung-shan Dist., Taipei *****, Taiwan Tel: +886-2-2563 3156 Fax: +886-2-2356 8936 Singapore Branch: 80 Raffles Place #23-20 UOB Plaza II Singapore *****4 Tel: (65)6227 7667 Fax: (65)6227 1858 BALANCE SHEETS2,271 words
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Page 15 Advertisements
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Advertisement2417 2013-06-13 15 NOTICE OF EXTRAORDINARY GENERAL MEETING SINGHAIYI GROUP LTD. (formerly known as SingXpress Land Ltd.) (Company Registration No. *****3164K) (Incorporated in Singapore) SINGHAIYI GROUP formerly SingXpress Land Ltd r SINGXPRESS LAND All capitalised terms in this Notice of Extraordinary General Meeting and defined in the circular dated 13 June 2013 (the2,417 words
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Advertisement2356 2013-06-13 15 ASIA POWER CORPORATION LIMITED (Incorporated in the Republic of Singapore on 7 March 1997) (Company Registration No. *****1487C) NOTICE OF ANNUAL GENERALMEETING NOTICE IS HEREBY GIVEN that the 16thAnnual General Meeting of ASIA POWER CORPORATION LIMITED will be held at Raffles Country Club, 450 Jalan Ahmad Ibrahim, Albatross, Singapore *****22,356 words
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INDIA
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Article, Illustration529 2013-06-13 16 This adds pressure for quick policy actions to revive the economy Bloomberg [NEW DELHI] India’s indus-trial-output growth slowed in April, adding pressure for more government steps to spur the economy as elevated consumer-price inflation threatens to limit the central bank’s room to extendBloomberg; PHOTO: AFP - 529 words
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405 2013-06-13 16 AFP [NEW DELHI] Indian federal police on Tuesday staged new raids over alleged corruption in government coal mine allocations and filed preliminary charges against a ruling Congress party lawmaker who is also a powerful businessman. The developments in what media has dubbedAFP - 405 words
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443 2013-06-13 16 Rupee lifted off new low but strength seen as short-lived AFP [MUMBAI] India’s central bank intervened to curb the slide of the rupee after it skidded to new lifetime lows, a government official confirmed, but added that monetary authorities were notAFP - 443 words
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Advertisement115 2013-06-13 16 THE GREAT DIGITAL SALE 70% OFF YOUR FAVOURITE MAGAZINES when you subscribe to 12 issues of the digital edition now! C BUILD Fab AN 8 PACK OR BODY Mens altu N JUST Wi i.KS BUILD HOW I mil* l.il, mm 2T MACraANFROM A MAGICIAN) $21.90* (UP $72) $21.90* (UP $72)115 words
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ECONOMY WATCH
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Article, Illustration490 2013-06-13 17 Budget concerns that fuelled last month’s sharp drop may have eased Reuters [SYDNEY] A measure of Australian consumer confidence bounced in June after two months of sharp falls, as households became less gloomy on the outlook both for their own finances and the economy. TheReuters; PHOTO: REUTERS - 490 words
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353 2013-06-13 17 Int’l Chamber of Commerce ranks it 67th among 75 nations; HK is most open Bloomberg [RIO DE JANEIRO] Brazil is the most protectionist among the world’s major economies, ranking below nations including Argentina and Nigeria in a survey of global trade trends byBloomberg - 353 words
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Article, Illustration455 2013-06-13 17 Bloomb erg [ISLAMABAD] Pakistan is targeting 4.4 per cent economic growth next fiscal year as Prime Minister Nawaz Sharif’s recently elected government prepares a budget that may intensify efforts to tackle an unprecedented energy crisis. The goal for the 12 monthsBloomberg - 455 words
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Advertisement1868 2013-06-13 17 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices |S« SEE HUP SENG LIMITED (Company Registration Number *****2208Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of See Hup Seng Limited (the “Company”) will be held at 81 Tuas1,868 words
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Advertisement361 2013-06-13 17 TITAN RESOURCES MANAGEMENT (S) PTE. LTD. (IN PROVISIONAL LIQUIDATION) Company Registration No: *****7543E Incorporated in Singapore NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that a meeting of the creditors of the abovenamed company will be held at 46 South Bridge Road, #02-01 Kingly Building, Singapore *****9 on 21361 words
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WORLD
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699 2013-06-13 18 They are not hot any more but managers focus on select countries and sectors Reuters [NEW YORK] The investor love affair with emerging markets may be gone, but several money managers aren’t completely abandoning the sector. Fund managers who viewed emerging markets as aReuters - 699 words
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661 2013-06-13 18 N Korea’s churlish behaviour reflects insecurity: analysts AFP [SEOUL] The abrupt cancellation of planned talks between North and South Korea underlines the huge challenges facing any “trust-building” process on the divided peninsula, 60 years after the Korean War. Right from the outset,AFP - 661 words
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488 2013-06-13 18 Reu ters [TOKYO] Japan’s core machinery orders fell in April from the previous month, down for the first time in three months as companies remain hesitant to boost capital spending despite Prime Minister Shinzo Abe’s sweeping stimulus policies. Cabinet Office data showed coreReuters - 488 words
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Article, Illustration57 2013-06-13 18 [PORTO, Portugal] Performers presenting the ‘Bodies in Urban Spaces’ project from Austrian artist Willi Dorner (not seen) here last Sunday at the Party at Serralves a contemporary art festival that hosts over 200 events simultaneously in a non-stop 40-hour period, in the gardens and theAP - 57 words
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Article, Illustration517 2013-06-13 18 AFP [WASHINGTON] Lawmakers from President Barack Obama’s Democratic Party have voiced alarm over a proposed trans-Pacific trade pact, saying negotiations were too secretive and could lead to job losses in the US. A letter signed by a majority of first-term Democrats in theAFP - 517 words
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716 2013-06-13 19 New discoveries will be used for domestic utilisation first: energy minister Re uters [NAYPYIDAW] In a few months, impoverished Myanmar plans to start pumping roughly US$45 million worth of oil and gas a day from the Bay ofReuters - 716 words
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Article, Illustration684 2013-06-13 19 Reuters [NEW YORK] Oil demand in developing countries surpassed that of wealthy nations for the first time ever in April, a US report revealed on Tuesday, in the latest demonstration of how rapid growth in Asia has upended trade and increased competition forReuters; PHOTO: AP - 684 words
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315 2013-06-13 19 Reuters [BRUSSELS] Victims of cartels in Europe could find it easier to demand compensation under new class action rules that also include safeguards for whistleblowers who expose illegal collusion and price fixing. A European Union draft proposal more than seven yearsReuters - 315 words
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381 2013-06-13 19 Reuters [LONDON] Miners Rio Tinto and Glencore Xstrata have held early-stage talks to consider a plan that could combine thermal coal assets in Australia as both sides battle low prices and high costs, two sources familiar with the plan said. Rio andReuters - 381 words
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Article, Illustration523 2013-06-13 19 JPM will fight any suits claiming it misled investors Bloomberg [NEW YORK] JPMorgan will fight “till the end” anyone who sues claiming they were misled over more than US$6.2 billion in losses at the chief investment office last year, chief executive officerBloomberg; PHOTO: AFP - 523 words
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Article, Illustration672 2013-06-13 20 It’s first developed market downgraded to emerging market; journalists strike Reuters [ATHENS] Greece’s fragile government faced an internal revolt and fierce public protest yesterday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourseReuters; PHOTO: AFP - 672 words
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Article, Illustration580 2013-06-13 20 AP [JERUSALEM] Google’s US$1.03 billion purchase of Israeli navigation software maker Waze marks an important milestone for the country that affectionately calls itself “Start-Up Nation”. The acquisition is not only among the largest-ever purchase prices for an Is- raeli start-up; it alsoAP; PHOTO: REUTERS - 580 words
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247 2013-06-13 20 Bloomberg [LONDON] Britons experienced an unprecedented squeeze on incomes over the past five years as workers accepted pay cuts as the price of keeping their jobs, research published yesterday showed. Real wages posted the largest five-year drop on record after the recession beganBloomberg - 247 words
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Article, Illustration494 2013-06-13 20 Move to improve Libor interest-rate transparency AFP [LONDON] The British Bankers’ Association (BBA) yesterday announced changes to Libor inter-est-rate transparency in a bid to avoid a repeat of last year’s rate-rigging scandal. The BBA said publication of banks’ individual submissions of the Libor interbankAFP - 494 words
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449 2013-06-13 20 AFP [GENEVA] As many as 10.5 million children worldwide work as domestic servants, in what can be hazardous and even slave-like conditions, the International Labour Organization (ILO) said yesterday. The United Nations labour agency said almost three-quarters of such youngsters are girls, andAFP - 449 words
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Article, Illustration608 2013-06-13 21 Plan faces resistance from Luxembourg which wants to protect its banks AFP Reuters [BRUSSELS] The EU executive yesterday geared up to accelerate the fight against tax fraud by widening the data automatically exchanged between EU tax administrations to cover income suchAFP; Reuters; PHOTO: AP - 608 words
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Article, Illustration465 2013-06-13 21 Bloomb erg [GENEVA] The Swiss Parliament’s Upper House has approved a law to solve a dispute over untaxed assets with the US, while questions still remain as to whether the measure will come into force next month. Lawmakers voted 24 to 15, followingBloomberg; PHOTO: BLOOMBERG - 465 words
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323 2013-06-13 21 Reuters [LONDON] JPMorgan Chase kept its top spot for investment banking in the first quarter after bringing in US$6.9 billion in revenues, putting it ahead of four rivals tied for second place, a study showed yesterday. Bank of America Merrill LynchReuters - 323 words
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Article, Illustration529 2013-06-13 21 AFP [HONG KONG] US whistleblower Edward Snowden yesterday vowed to stay in Hong Kong to fight any extradition bid, and promised new revelations about US surveillance targets, the South China Morning Post reported. “I’m neither traitor nor hero. I’m an American,” the Hong KongAFP; PHOTO: AP - 529 words
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593 2013-06-13 21 But critics charge scheme fails to tackle overcapacity problem Reuters [BRUSSELS] The European Commission announced an array of recommendations on Tuesday to revive Europe’s steel industry, hurt by tumbling demand and plant closures. The “EU steel action plan” is the first comprehensiveReuters - 593 words
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Advertisement31 2013-06-13 18 BOLLYWOOD’S PRINCE IN WAITING SCDF OFFICER’S INDIAN MUSIC JOURNEY With every new movie, Ranbir Kapoor gets closer to the top GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST31 words
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Advertisement87 2013-06-13 19 JUNE ISSUE OUT NOW! TOP STREAMING MUSIC SERVICES TESTED REVIEWED rujiriLM xioos SONOS PLAYBAR H OVER THE AIR Patchwork 81 Bumper lor S4 20% off BETTER MOBILE PHOTOGRAPHY SH(X)T LIKE A PRO WITH muh |||i YOUR SMARTPHONE |llll|llll! tech@voooe Free gifts from tech@vogue with this promo card Exclusively for HWM87 words
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Page 20 Advertisements
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Advertisement30 2013-06-13 20 I SMAPORES 1 HOT “>rre!T WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG30 words
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Advertisement65 2013-06-13 21 HOT PROPERTY Ui nn lowered. View today! thls bar Qain SIcTsmjo 000 sf Ave Poof. 5 lots Must v^w? rm 4+W entile U sm E s f 3 Bu "9 |w fe, ent 2 Mr ,ots p °o' 7 LOOKING FOR PROPERTIES WITH POOL? Check this and many other properties65 words
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EDITORIAL & OPINION
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452 2013-06-13 22 EDITORIAL IT looks like some listed companies here didn’t quite acquaint themselves with the requirements of the Code of Corporate Governance, or chose to disregard, in part or entirely, the bits on the disclosure of executive pay. Under the latest revised Code that452 words
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Article, Illustration793 2013-06-13 22 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent FORMER president Richard Nixon would probably be applauding and raising the “V” sign if he was still alive. After all, one of his successors, someone who ran an election campaign holding the793 words
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Article, Illustration1098 2013-06-13 22 ANTHONY ROWLEY - US tightening, Japan easing, Europe deleveraging it’s a nerve-racking balancing process ANTHONY ROWLEY Tokyo Correspondent IAM getting nervous very nervous, in fact. In my career as a journalist, I have seen many financial bubbles develop and burst but never anything likePHOTO: AFP - 1,098 words
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Article, Illustration1390 2013-06-13 23 CHAN SZE YEE, GERMIN ONG - With their expertise on regulatory matters, smaller accounting practices can provide valuable advice to SMEs By CHAN SZE YEE GERMIN ONG The writers are head of research and research manager respectively at the Institute of Certified Public Accountants of Singapore EXPANSION beyond Singapore is becoming aFILE PHOTO - 1,390 words
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Article, Illustration709 2013-06-13 23 PETER WONG - By PETER WONG The writer is CEO, HSBC Asia-Pacific THE announcement in early May that China’s State Council has called for a detailed plan to achieve full convertibility for the yuan (renminbi) marks the start of a series of profound and beneficial changes thatPHOTO: REUTERS - 709 words
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244 2013-06-13 23 LETTER TO THE EDITOR AS a Keppel Club member, I was shocked to receive notification that the annual value of the club had been revised from $3.769 million to $4.831 million, an increase of 28 per cent retrospectively from July 20, 2006,244 words
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AVIATION/SHIPPING
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Article, Illustration932 2013-06-13 24 Terminal’s 2 berths can accommodate largest cruise ships in the world NYT [HONG KONG] It was perhaps the most spectacular flight approach in the world: amid mountains, seas and frequently tempestuous winds, aircraft nearing Kai Tak Airport in Hong Kong would stage a stom-ach-churningNYT; PHOTO: REUTERS - 932 words
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665 2013-06-13 24 Bloomberg [SYDNEY] Malaysian airline entrepreneur Tony Fernandes says he has two adopted homes. There’s London, where he owns the Queens Park Rangers soccer club and the Caterham Formula One auto-racing team based in nearby Oxfordshire, and there’s Jakarta, a thriving megacity in theBloomberg - 665 words
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478 2013-06-13 24 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd plans to add more Airbus SAS superjumbos to its fleet as modern, fuel-efficient aircraft will assist a turnaround from two consecutive years of losses. The flag carrier, which has six A380s, may orderBloomberg - 478 words
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594 2013-06-13 24 Bloomberg [TOKYO] ANA Holdings, operator of the world’s biggest fleet of Boeing Co 787s, scrapped a service with the Dreamliner yesterday, the third cancellation for the aircraft in Japan this week after a four-month grounding. ANA couldn’t use the 787 forBloomberg - 594 words
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Article234 2013-06-13 24 SGX '000 Jun 12 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.26 -0.01 221 Cosco Corp 0.76 unch 1075 Vol First Ship Lea 0.12 unch 210 Freight Links 0.09 unch ***** Grand Banks 0.34 -0.01 30 Jaya Hold Ltd 0.59 -0.01 452 K1Ventures 0.17 unch 769 Keppel234 words
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Page 24 Advertisements
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Advertisement28 2013-06-13 24 9835##( 1,/,#86,1 Locally ),514,2 lets you listen to music and talk to friends while you ride friends while you ride To subscribe, call 6388-3838 or go to sphsubscription.com.sg28 words
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Page 24 Miscellaneous
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Miscellaneous335 2013-06-13 24 CRYPTIC CROSSWORD Across 1 Assets in busy London? (7,7) 9 Soldier, say, in wild rural parts (7) 10 I perform full of energy in shed, somewhere to escape to (7) 11 Has ancient thing on head, front of head (4) 12 Nasty creatures endlessly by small room, one providing food335 words
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Article1493 2013-06-13 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/New1,493 words
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Page 25 Advertisements
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Advertisement80 2013-06-13 25 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE .The Business Times Shipping Times CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business80 words
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SINGAPORE STOCKS
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Article3178 2013-06-13 26 Transaction date: Jun 12 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last AAT Vol Day Last Quote ('000) High Low Buyer Seller 10.4 7 AEM C'vr 188 106 AIMSAMPIReit 1603,178 words
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Article222 2013-06-13 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 2.4 1.3 t Advanced System 1.5 unch 302 1.5 1.5 1.5 1.6 23.8 Last Quote Div Gr Yld Net M Cap High222 words
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Article10923 2013-06-13 27 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 Smaller Cos!' .2 0034/ China Opportunities .2 8197/ EM Local Ccy Bond .0 9496/ European Opportunities!’’ 1.1808/ Global Emerging Markets!"10,923 words
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Article249 2013-06-13 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 $mil Low 52 30.5 Genting HK US$ US48.5 +1.5 9500 48.5 46.5 48 48.5 3193.5 Last 260 188 TanChongInt HK220 -3 165 221 220 220 223 4.3 3.2249 words
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Article878 2013-06-13 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 $mil 126 107.1 ABF SG Bond ETF Company 143 120.4 CIMB APAC Div 100S$D 137.5 131.6 132.5 114.4 96 CIMB APAC Div 100US$ US104.4 104.5 105.3 11878 words
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FINANCE & COMMODITIES
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Article622 2013-06-13 28 Jun 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.66 *****.72 *****.08 Jun13 *****.00 *****.00 *****.00 *****.00 *****2 *****1 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****7 MSCI TAIWAN INDEX FUTURES SPOT 293.06 293.06 290.32 Jun13 290.80 290.80 287.60 ***** *****4 Jul13 283.60 283.60622 words
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373 2013-06-13 28 In local curr In S$ In US$ dy yr dy yr dy yr Jun 11 Index Change Change Change Change Change Change World Preliminary 1049.7 -0.6 11.9 -0.5 13.1 -0.2 9.8 EAFE Preliminary 849.8 -1.0 9.7 -0.4 8.4 -0.1 5.3 Europe Preliminary 1216.8 -1.2 6.1373 words
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Article471 2013-06-13 28 Jun 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.969 5.836 0.716 7.387 55.187 93.770 0.921 10.785 2.982 1.198 93.751 40.953 1.193 9.486 0.882 28.417 29.463 0.608 0.952 Canada 1.032 6.026471 words
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Article68 2013-06-13 28 Jun 12 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid68 words
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Article137 2013-06-13 28 Jun 12 GOLD(US$/oz) Jun 10 Jun 11 Hong Kong 1391.40 1385.00 Jun 11 Jun 10 London 1375.71 1382.97 1376.48 1383.92 Source: Thomson Reuters CAST BAR Jun 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125 56 5gm 356 278 10gm 635 556137 words
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Article90 2013-06-13 28 Jun 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 05-Sep-13 0.25 6-Month BS*****T 13-Dec-13 0.28 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-15 99.95 5-Year N*****0T 0.5 01-Apr-18 97.0390 words
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Article53 2013-06-13 28 Jun 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2420.0 1165 Jul 13 2451.0 2449.0 2460.0 2444.0 850 8293 Aug 13 2455.0 2451.0 2465.0 2445.0 9555 ***** Sep 13 2456.0 2451.0 2461.0 2443.0 4604 *****53 words
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Article155 2013-06-13 28 Jun 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1931 1.1938 0.9513 0.9517 Canadian dollar 1.2319 1.2326 0.9826 0.9822 Euro 1.6675 1.6680 1.3295 1.3297 NZ dollar 0.9961 0.9964 0.7942 0.7943 Sterling pound 1.9638 1.9648 1.5658 1.5663155 words
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Article121 2013-06-13 28 As at 9am Jun 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.211 1.154 Can dollar 1.252 1.204 Euro 1.706 1.625 Sterling pound 1.996 1.920 NZ dollar 1.012 0.974 US dollar 1.277 1.217 Local dollars to 100 units of foreign121 words
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Article158 2013-06-13 28 Jun 12 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12158 words
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1042 2013-06-13 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Acma Ltd. W*****6 Exer Albedo Limited W*****9 Prem Disc Asiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2 1 27 37 ing Left Best World Intl Ltd1,042 words
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Article109 2013-06-13 28 Jun 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1540.50 1511.75 1544.00 1514.75 Aug 13 1450.75 1435.75 1454.00 1435.75 Sep 13 1365.75 1356.50 1368.50 1355.25 Nov 13 1327.00 1319.00 1330.00 1314.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13109 words
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Article95 2013-06-13 28 Jun 11 COCOA (£/tonne) Close Prev High Low Jul 13 1551 1557 1557 1543 Sep 13 1554 1559 1561 1545 Dec 13 1550 1554 1556 1540 Mar 14 1545 1549 1551 1534 COFFEE(US$/tonne) Close Prev High Low Jul 13 1798 1845 1854 1797 Sep 13 1822 1857 1869 182095 words
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Article70 2013-06-13 28 CRUDE OIL PRODUCTS Jun 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.46 -1.68 WTI (Near Mth) 95.35 -0.50 Dubai (1-Mth F) 100.14 -0.57 Tapis blend 106.74 -1.35 Minas 101.74 -1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.00 -0.78 Jet Kerosene 116.15 -0.38 US$/barrel OpecOil Basket70 words
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Article22 2013-06-13 28 Jun 12 S$ Bid Offer 1-month 1.2541 1.2543 2-months 1.2541 1.2543 3-months 1.2540 1.2545 6-months 1.2537 1.2549 Source: OCBC22 words
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Article66 2013-06-13 28 Jun-11 Jun-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1846.25 1883.00 3 months 1887.00 1923.00 Copper, Grade A(US$/tonne) Cash 7030.50 7128.75 3 months 7065.00 7162.00 Lead(US$/tonne) Cash 2104.00 2151.50 3 months 2118.00 2163.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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PROPERTY
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Article, Illustration1751 2013-06-13 29 JANINA PFALZER, NIKLAS MAGNUSSON - Shortage of construction, population boom, low mortgage rates feeding frenzy, say JANINA PFALZER and NIKLAS MAGNUSSON JANINA PFALZER, NIKLAS MAGNUSSON Bloomberg [STOCKHOLM] NE of Stockholm’s most popular attractions is a guided tour of the Soedermalm district streets featured in Stieg Larsson’s bestselling book The GirlBloomberg; PHOTO: BLOOMBERG - 1,751 words
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Article884 2013-06-13 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN MAY 15 AND MAY 21, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 21/05/2013 99 1055 3249 3080 Marina Bay Suites Apt884 words
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Article, Illustration1553 2013-06-13 30 ZAINAB FATTAH - Market is thin and neither pricing nor yield attractive enough to compensate for the risk. BY ZAINAB FATTAH Bloomberg [DUBAI] UBAI is back with the big plans. What it doesn’t have are the biggest property investors. Surging home prices in parts of DubaiBloomberg; PHOTO: BLOOMBERG - 1,553 words
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192 2013-06-13 30 Reuters [BANGALORE] US private equity firm Carlyle Group is preparing to launch a US real estate fund and hopes to raise as much as US$4 billion, the Wall Street Journal reported yesterday, citing unnamed sources familiar with the matter. If successful, the fundReuters - 192 words
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687 2013-06-13 31 Monetary expansion by central bank sparks rise in bond yields, interest rates Reuters [TOKYO] Japan’s home buyers are rushing for fixed-rate mortgages to lock in on what they consider rock-bottom rates, in a sign of early victory for the central bankReuters - 687 words
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Article, Illustration693 2013-06-13 31 Market has become more challenging as prices rise, says exec Bloomberg [SEATTLE] Blackstone Group, which has spent US$5 billion to acquire almost 30,000 US single-fami-ly houses, is nearing the later stages of its buying as home prices jump, said Jonathan Gray, theBloomberg; PHOTO: REUTERS - 693 words
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Article, Illustration881 2013-06-13 32 ONG CHOR HAO - Navigating local risks is crucial, and sustainable growth is key to market By ONG CHOR HAO [SINGAPORE] South-east Asia may offer new and potentially lucrative investment property options for Singapore investors, but market watchers are calling for a clearPHOTO: ORANGETEE - 881 words
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285 2013-06-13 32 Bloomberg [SYDNEY] Brookfield Asset Management Inc, which last year took over Thakral Holdings Group in Australia, has put up for sale five of the hotels it acquired as part of that transaction. The Canadian company, which has more than US$175 billion under management,Bloomberg - 285 words
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Advertisement384 2013-06-13 30 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 Shopping384 words
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Advertisement42 2013-06-13 30 fit] Is your family size getting bigger? Hatchback, Hybrid, Luxury, MPV, Sedan or Stationwagon STCars.sg has the perfect ride for your loved ones. STCars.SG STCarsSG Available on the Google play J W AppStore A product of SPH, Singapore's Trusted Media Group STCars.:42 words
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Advertisement192 2013-06-13 31 MONTIGO RESORTS 45ft *o. O, ■ft Artist's impression THE MULTI-AWARD WINNING RESORT INTRODUCES NEW STUDIO RESIDENCES, YOURS TO OWN FROM ONLY S$388,000 85 Studio Residences with lustily landscaped garden views and stunning sea views for selected units sizes from 1100 sq ft guaranteed 5% yield p.a. for the first three192 words
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Advertisement299 2013-06-13 32 as p H 4>" V B£5 rm. Jl d ."1 r M'tnS ■VISE J* m w: jr u i'i 4 J, S3NSK XT HI Tm II 4r. asw >jBSs ->■ 'l y-'S'-'-T' a 2 f? ?«s 9 CT~V feklflSc.,; m Sw i® a 3»> mu. M «r«r- ni ::*■*> T299 words
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