The Business Times, 27 June 2013

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Microfilm: NL32625
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, June 27, 2013
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  • Article, Illustration
    Lock icon SoftBank puts US$21.6b call to enter big league
    712 1  -  Japan’s biggest overseas buyout gets thumbs up from shareholders of Sprint Nextel By ANTHONY ROWLEY in Tokyo JAPANESE telecom operator Softbank’s bid to acquire Sprint Nextel, the third largest mobile operator in the United States, has been accepted by the US company’s
    PHOTO: REUTERS  -  712 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,104.40 (+14.47) GST INDEX FUTURES 3,104.00 (+14.00) GSIMSCI 349.67 (+2.27) GSIMSCI FUTURES 349.40 (+3.10) US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.540 1.958 EURO (US$/S$/€ 1.308 1.662 Foreign currency per US$ S$ YEN 97.60 76.80 RM 3.197 2.515 HK$ 7.758 6.102 BAHT 31.09 24.45 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,740.76 +12.12 NIKKEI 225 12,834.01 -135.33 HANG SENG 20,338.55 +482.83 SET INDEX 1,424.38 +39.75 JAKARTA COMP 4,587.73 +168.86 MANILA COMP 6,118.94 +329.88 SEOUL COMP 1,783.45 +2.82 SHENZHEN B 758.55 +20.02 MUMBAI IND 18,552.12 -77.03 12noon EDT Change DOW 14,835.70 +75.39 NASDAQ 3,366.55 +18.66
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 TAIWAN 5.00 JAPAN 13.230 TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon Companies snap up National Stadium suites
    716 1  -  Sports Hub off to a fast start as sports and business mix By LEE U-WEN [SINGAPORE] Less than a year after they were launched, all 62 luxury hospitality suites at the new National Stadium in the $1.3 billion Singapore Sports Hub have been snapped
    FILE PHOTO  -  716 words
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      105 1 MANUFACTURING A shot in the arm from pharma PAGE 2 COMPANIES Aussie polls may prolong Optus Satellite sale PAGE 6 CONSUMER CONFIDENCE Asians more upbeat in H1: poll PAGE 10 PROPERTY Satinder Garcha ventures into hotels PAGE 30 ‘We didn’t start the fire!’ So who did? OPINION I PAGE 21
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      357 2 SoftBank’s US$21.6b big-league call JAPANESE telecom operator Softbank’s US$21.6 billion bid to acquire Sprint Nextel, the third largest mobile operator in the US has been accepted by the company’s shareholders, paving the way for Internet entrepreneur Masayoshi Son to enter the US market in a big way. FRONT
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    • Article
      Lock icon Output up 2.1% in May as pharma jumps
      684 2  -  Transport, precision engineering sectors contract; Q2 GDP growth put at 2% By TEH SHI NING [SINGAPORE] Yet another jump in pharmaceutical output drove manufacturing output higher than expected in May, setting the stage for a sequential rebound in second quarter GDP. Industrial
      684 words
    • Article
      Lock icon Water supply will remain safe: minister
      498 2  -  By LEE U-WEN [SINGAPORE] No matter how the haze situation pans out, Singapore’s water supply will remain unaffected with the water guaranteed to be clean and safe to drink. This assurance was given by Environment and Water Resources Minister Vivian Balakrishnan yesterday after he
      498 words
    • Article, Illustration
      Lock icon PoMo sold for $336m to Enviro-Hub jv
      515 4  -  Former Paradiz Centre at Selegie goes for $1,894 psf of net lettable area By KALPANA RASHIWALA [SINGAPORE] PoMo, a retail and office development along Selegie Road, has changed hands for $336 million. The buyer is a joint venture between BS Capital Pte Ltd
      FILE PHOTO  -  515 words
    • Article, Illustration
      Lock icon Rudd returns as Aussie PM after ousting Gillard
      480 4 Reuters [CANBERRA] Kevin Rudd returned as Australian prime minister yesterday, executing a stunning party room coup on Julia Gillard almost three years to the day after being ousted by his former deputy and less than three months out from a general election.
      Reuters; PHOTO: BLOOMBERG  -  480 words
    • Article
      Lock icon Payment a favour, not an inducement: Thomson View agent
      746 4  -  By GRACE LEONG [SINGAPORE] The marketing agent of Thomson View Condominium yesterday repeatedly denied that incentive payments for the owners of four units were an inducement to join a $590 million en-bloc sale, flummoxing the judge in the pro- cess. Under
      746 words
    • Article
      Lock icon Rates-setting saga a wake-up call for banks: Gupta
      584 4  -  By TEH SHI NING [SINGAPORE] The recent rates-setting saga has been a “wake-up call” against complacency for the banking sector, outgoing Association of Banks in Singapore (ABS) chairman Piyush Gupta said last night. After a year-long review of how benchmark rates in
      584 words
    • Article
      Lock icon ExxonMobil building base stock plant
      460 4  -  By RONNIE LIM [SINGAPORE] ExxonMobil is building an additional base stock plant at its Singapore refinery for an undisclosed sum, although the costs should easily run into hundreds of millions of dollars, BT understands. When operational in early 2015, ExxonMobil’s increased base stock output here
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      83 2 CANAL! Paragon JIMMY CHOO Paragon The Shoppes at Marina Bay Sands Luxury Fashion at Resorts World™ Sentosa in_)Mi Takashimaya Shopping Centre Raffles City Shopping Centre The Shoppes at Marina Bay Sands Luxury Fashion at Resorts World™ Sentosa Changi Airport T1 LUXURY# FASHION RESORTS WORLD SENTOSA Bally Coach Dunhill Eye Spy
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      153 3 www.vw. com. sg The well travelled, travel well Si* i Edition X Touareg 4 5 m ApsW •i# m S A m*-: rv. to -rt .r N V v. 1 V- e" V. x r*\ A.v- > WT v ;V, VNew Touareg Edition X. 4 r >> W. The special
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  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      28 4 JACKPOT Estimated Draw on Thu, 27 Jun 2013 at 6.30pm For details, visit www.singaporepools.com.sg IpLAY® Always play with care. [responsibiyy Do not bet illegally. RGB Reg No: *****0202G
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  • COMPANY NEWS
    • Article
      Lock icon Elections might prolong sale of Optus Satellite
      728 6  -  Potential change in Australian govt could make process uncertain for bidders By JOYCE HOOI THE potential sale of SingTel’s Optus Satellite valued by some at A$2 billion (S$2.35 billion) might face a long and winding road, against the backdrop of impending Australian elections
      728 words
    • Article
      Lock icon Sembcorp’s India JV signs deal for 20-year coal supply
      243 6  -  By ANNABETH LEOW IT WILL be curtains up on Sembcorp Industries’ first power project in India in the second half of next year. To keep the coal-fired plant in Krishnapatnam in the state of Andhra Pradesh chugging along, Sembcorp announced yesterday
      243 words
    • Article, Illustration
      Lock icon SingTel CEO’s pay shrinks 5.8% to $4.6m
      684 6  -  Most of the other key mgt members fare better in FY’13 By JOYCE HOOI CHUA Sock Koong’s pay package for the year ended March 31, 2013, shrank 5.8 per cent to about $4.61 million from $4.89 million the year before the largest decline
      PHOTO: BLOOMBERG  -  684 words
    • Article, Illustration
      Lock icon Tuan Sing buys Robinson Point for $348.9m
      480 7  -  This works out to $2,579.5 psf on existing net lettable area By MINDY TAN IN WHAT is shaping up to be the most expensive office deal this year, Tuan Sing Holdings has entered into a sale and purchase agreement with Robinson Point (Cayman)
      FILE PHOTO  -  480 words
    • Article, Illustration
      Lock icon Keppel Reit acquires 50% stake in Aussie office building
      395 7  -  By MINDY TAN KEPPEL Reit has acquired a 50 per cent stake in a freehold office building, 8 Exhibition Street in Australia, for A$160.2 million (S$192.4 million). Located in the prime part of the Melbourne central business district, the 35-storey freehold
      395 words
    • Article
      Lock icon Sin Heng plans 1-for-4 issue to raise $18.4m
      410 9  -  Analysts see firm prospects for crane rental companies with demand rising By KENNETH LIM SIN HENG Heavy Machinery plans to raise about $18.4 million through a one-for-four rights issue priced at two-thirds of the stock’s Tuesday close, the crane supplier announced yesterday.
      410 words
    • Article
      Lock icon Heeton in bonus share-warrant issue
      281 9  -  By VEN SREENIVASAN PROPERTY company Heeton Holdings is proposing a bonus issue of up to 44.77 million new ordinary shares with up to 44.77 warrants. Shareholders will get one share with one warrant for every five shares held. The bonus shares will be issued at
      281 words
    • Article
      Lock icon WE in JV to seek Myanmar oil opportunities
      300 9  -  By LEE MEIXIAN ELECTRONICS manufacturer and distributor WE Holdings has taken a further step in its bid to secure a foothold in Myanmar’s oil and gas sector. It said yesterday that it has acquired a joint-ven-ture company in Singapore, WE Dragon Resources
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    • Article, Illustration
      Lock icon CFOs still bullish about emerging markets: Amex survey
      306 9  -  By KELLY TAY CHIEF financial officers (CFOs) in Singapore are relatively upbeat about the country’s growth prospects over the next 12 months, with emerging markets seen as key drivers for continued economic expansion. This is according to the sixth annual American Express/CFO
      306 words
    • Article
      Lock icon Mirach to raise $54m via rights and loan
      270 9  -  By VEN SREENIVASAN MIRACH Energy is proposing to raise some $18.1 million in net proceeds from a rights issue of 152 million new shares and another $36 million via a convertible loan. The new shares will be issued at 12.42 cents, representing
      270 words
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      116 6 THE GREAT DIGITAL SALE 70% OFF YOUR FAVOURITE MAGAZINES when you subscribe to 12 issues of the digital edition now! 0 Meisrwltu BUILD Fab AN 8 PACK OR BODY Men's altu N JUST m i.ks BUILD I ini I Ini. ass, 'T' MAGICIAN! FROM A MAGICIAN] $21.90* (UP $72) $21.90*
      116 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      189 7 Under the instructions of the Liquidator Hilco Bid presents A Public Sale of 1000+ Watches, Fountain Pens, Clocks and Winders Sat 29"' June 2013 10 am to 7 pm Orchard Hotel 1 DAY J ur, iP e [R m SALE lOIMLY! 75% OFF WATCHES: Brands featuring CLOCKS WINDERS: Brands PENS:
      189 words
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      227 7 Chatsworth Road Bishopsgate rvois Grange Road Tanglin Road A different world that’s entirely mine. M 1 n MS I n H m Li Visit our show gallery located at: 71 Jervois Road Open daily from 11am to 6pm For enquiries, please call Huttons at: 6471 1060/6471 1070 www.mon-jervois.com.sg Exclusive, tranquil
      227 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index regains 3,100 level
      556 8  -  Boost from 2.4% jump in HK, after central bank’s reassurances about China’s liquidity situation STOCKS R SIVANITHY Senior Correspondent ANOTHER day, another bout of volatility the Straits Times Index (STI) yesterday opened firmer, rose 28 points to an intraday high of 3,117.93, and almost lost
      Source: Bloomberg  -  556 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Jun 26 VALUE CLOSE BT OB/OS -474.00 +156.00 BT CADI -*****.00 +25.00 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 736.86 +12.14 FTSE ST Small Cap 558.05 +0.97 FTSE ST All Share 761.26 +4.93 FTSE ST China Top 192.08 +1.59 FTSE ST China 222.58 +2.11 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME Enviro-Hub 397,954,000 Innopac 93,956,000 NexGenSCom 60,419,000 Cedar 59,236,000 WE Hldgs 51,570,000 Golden Agri 51,134,000 St James 42,357,000 SingTel 33,509,000 Infinio 29,062,000 Acma Ltd 27,213,000 VALUE($) SingTel 120,815,128 DBS Grp 85,666,010 UOB 63,982,040 Enviro-Hub 51,929,435 CapitaLand 47,389,730 OCBC Bk 40,463,345 JMH 37,483,503 GLP 36,159,860 CapMallsAsia 33,310,444 Keppel
      53 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 0 3 0 0 0 9 0 3 Manufacturing 38 49 40 4 6 10 42 55 50 Commerce 11 19 21 0 5 4 11 24 25 Tpt/Stor/Comms 17 6 15
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      924 8  -  Compiled by JOYCE HOOI Singapore Reits DMG Partners Research, June 26 THE Singapore Reit (S-Reit) market has remained volatile as concerns over US monetary policies continue to spook the market. Over the last one and half months, the FTSE Straits Times Real Estate Investment Trust Index (FSTREI) has
      Source: Bloomberg  -  924 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 45,021 45,021 62,812 62,812 Manufacturing 580,450 108,674 689,124 174,962 6,667 181,630 Commerce 183,975 60,110 244,085 125,357 6,116 131,473 Tpt/Stor/Comms 101,868 18,262 120,130 201,642 7,553 209,195 Finance 117,283 174 117,457 216,699 77 216,776 Construction 50,889 19,969
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.775 +0.035 CapitaLand 3.050 +0.040 CapitaMall 1.960 +0.050 CityDev 10.64 +0.140 ComfortDelGro 1.805 +0.030 DBS Grp 15.66 +0.040 GLP 2.620 +0.020 Genting SP 1.340 +0.015 Golden Agri 0.550 HK Land 6.510 +0.090 HPH Trust US$ 0.740 +0.010 JMH 57.00 -0.100 JSH
      113 words
    • Article, Illustration
      Lock icon Euro falls for 6th day on Draghi pledge
      500 8 CURRENCIES Bloomberg [EDINBURGH] The euro yesterday fell for a sixth day against the US dollar as European Central Bank (ECB) president Mario Draghi said monetary policy will stay accommodative, dimming the relative allure of assets denominated in the currency. The 17-nation currency
      Bloomberg; PHOTO: REUTERS  -  500 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT MSINDO 10us$ 1469 64.8 3.6 DBXT E50 10US$ 4036 53.4 1.1 DBS Bk 4.7% NCPS 100 ***** 40.0 0.4 DBXT MSCHINA 10US$ 1057 38.1 2.9 Lyxor China H 10US$ 1214 33.1 2.2 SuperGroup 418 33.0 8.6 STXPO 100 132 19.5 17.3 CIMBASEAN40 100S$D 1334
      110 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -671.2 -4.2 JSH 3580 -132.2 -2.8 Jardine C&C 4136 -59.0 -1.4 DBXT Nifty 10US$ 9563 -54.7 -0.4 DBXT FTVietnam 10US$ 2162 -42.0 -1.5 IS ASIA HYG100US$ 1039 -20.3 -1.5 UOB 5.05%NCPS 100 ***** -18.0 -0.2 UOB 1949 -16.0 -0.8 Hyflux 6% CPS
      120 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      625 9 A bank incorporated in Luxembourg Head Office: 11 Avenue Emile Reuter L-2420 LUXEMBOURG Notes to the Accounts which form an integral part of the financial statements together with a list of Societe Generate Bank Trust subsidiaries can be obtained from Societe Generate Bank oOOIETE CjENERALE BANK&TRUoT Trust Singapore Branch, One
      625 words
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      108 9 PRIME OFFICE RETAIL SITE WITH PLANNING PERMISSION FOR SALE FREEHOLD ''I X HIGH HOLBORN Sil r I LONDON WC1 OVERLOOKING INCOLN’S INN AT THE REAR Potential for other uses k i subject to consent Jssi ||i i AW I at. *«5i lil •BBS RDS C m mi air > a
      108 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Japan leads Asia-Pac surge in H1 consumer confidence
      507 10  -  It’s up 37 points at 60.7, the highest since 2005; S’pore up 3.5 points at 53.5 By NG ZHUO YANG CONSUMER confidence in Singapore and most of the Asia-Pacific improved in the first half of this year, with Japan recording the biggest
      507 words
    • Article, Illustration
      Lock icon Swiss start-up seeks distributors of new masks in Singapore
      528 10  -  Viroblock says its mask can trap and kill over 99.99% of H5N1, H1N1 viruses By NG ZHUO YANG AMID recent fears of a global outbreak of the Middle East respiratory syndrome coronavirus, Swiss start-up Viroblock SA yesterday unveiled a respiratory mask
      528 words
    • Article
      Lock icon Green building push to take in human factor
      504 10  -  Plan is to engage users, influence their behaviour By ONG CHOR HAO THE human factor will feature prominently in the next thrust of Singapore’s green building movement, the Building and Construction Authority (BCA) said yesterday, following a review of current efforts by
      504 words
    • Article
      Lock icon See-through braces going places
      303 10  -  By ANNABETH LEOW COMPLETELY see-through dental braces, first developed at the National University of Singapore (NUS), are making its presence felt in Europe, with Singapore company BioMers Pte Ltd yesterday completing its nationwide product launch in Spain. Through a five-year partnership agreement with European dental chain
      303 words
    • Article
      Lock icon S’pore-Nantong tie-up aimed at SMEs
      271 10  -  By CARINE LEE LOCAL small and medium enterprises (SME) now have a new platform to enter China’s Nantong market. The Singapore Chinese Chamber of Commerce and Industry (SCCCI) and IE Singapore yesterday announced the formation of the Singa-pore-Nantong SME Collaboration Platform, which is in line
      271 words
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      114 10 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m1003.sg UFM 100.5 ss III CM fff o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let's pause and be thankful for all that
      114 words
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  • SINGAPORE ACCOUNTANCY CONVENTION
    • Article, Illustration
      Lock icon Getting the whole picture
      1595 11 THE move towards integrated reporting, which attempts to give a fuller picture of a company’s performance beyond its financial health, will have a big impact on business and the accountancy profession. Four leaders from the accountancy sector here discuss the implications. The Business Times: What are
      1,595 words
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      399 11 s Accountancy Convention 2013 The Singapore Chartered Accountant: A Beacon of the Asian Economy s V Institute of Certified Public Accountants of Singapore Accountability J 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,
      399 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Investigators search BI overnight in Century case
      356 12 Central bank helping anti-corruption commission in case dogging Yudhoyono Bloomberg [JAKARTA] Indonesia’s an-ti-corruption commission searched Bank Indonesia’s (BI) premises through Tuesday night as part of a probe into the 2008 PT Bank Century bailout that has dogged President Susilo Bambang Yudhoyono’s second term.
      Bloomberg  -  356 words
    • Article
      Lock icon ‘Sarawak counters’ emerge big winners after M’sian election
      611 12  -  Analysts bullish on companies as major projects in East M’sian state take off By PAULINE NG in Kuala Lumpur MALAYSIA’S 13th Parliament which convened on Tuesday was noticeably different. In the governing Barisan Nasional (BN) coalition, the United Malays National Organisation or
      611 words
    • Article
      Lock icon Bumi, former Berau chief strike deal on return of US$173m
      129 12 Re uters [LONDON] Indonesia-focused coal miner Bumi plc said yesterday that it had struck a deal with Rosan Roeslani where the former president director of its Berau unit would transfer assets worth US$173 million into the subsidiary. “During the preparation
      Reuters  -  129 words
    • Article
      Lock icon Terengganu Umno lawmaker’s death fuels talk of Malay-unity coalition
      528 12  -  By S JAYASANKARAN in Kuala Lumpur THE death of Terengganu state assemblyman Abdul Rahman Moktar yesterday has paved the way for Malaysia’s first by-election since the May 5 general election. The 55-year-old Umno member’s losing his fight against lung cancer has
      528 words
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      2940 12 MTQ CORPORATION LIMITED (Company Registration No. *****0057Z) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MTQ Corporation Limited (“the Company”) will be held at Carlton Hotel, Empress Ballroom 3, Level 2,76 Bras Basah Road, Singapore *****8 on
      2,940 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Shanghai stocks slide further as cash stays tight
      560 13 Investors brace for tougher credit conditions as PBOC sticks to stance Reu ters [SHANGHAI] China’s financial markets were calmed yesterday after days of turmoil by the central bank’s pledge to prevent any lasting credit crunch, but stocks kept slipping as investors braced
      Reuters; PHOTO: REUTERS  -  560 words
    • Article
      Lock icon Beijing slated to tackle glut in industrial capacity
      703 13 Plan likely to include blocking new plants; pushing more M&As Reuters [BEIJING] China is set to release new plans soon to slim down bloated industries from steel to shipbuilding, but applying measures on the ground will be tough after years of lax
      Reuters  -  703 words
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      133 13 We're focused. So we can see more clearly. At Aberdeen, asset management is our sole focus. So we have been able to concentrate on building powerful expertise across all key asset classes from equities to bonds, from property to alternatives. And because we have this rich expertise, we can deliver
      133 words
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  • INDIA
    • Article
      Lock icon Anti-immigration abuse rule for some visitors to UK
      390 14 £3,000 cash bond from Nov for first-time Asian, African visitors to deter absconding AFP AP [LONDON] Britain is planning to force visitors from India, Pakistan, Nigeria and other countries whose nationals are deemed to pose a “high risk” of immigration abuse to
      AFP; AP  -  390 words
    • Article
      Lock icon Indian firms vie for 10 new banking licences on offer
      327 14 AFP [MUMBAI] Dozens of Indian companies are this week finalising their applications for banking licences, eyeing the first opportunity to enter the vast but thinly exploited market in more than a decade. Several dozen applicants are expected before the July
      AFP  -  327 words
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      2424 14 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0078R NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Forty-First Annual General Meeting of Singapore Airlines Limited (“the Company”) will be held at the Grand Mandarin Ballroom,
      2,424 words
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      1290 14 SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0078R NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of Singapore Airlines Limited (the “Company”) will be held at the Grand Mandarin Ballroom, Level 6, Main Tower, Mandarin Orchard Singapore, 333 Orchard
      1,290 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Asian-Americans still distant from whites
      743 15 Study shows that they remain as segregated as they were 20 years ago Bloomberg [NEW YORK] Asians, the fastest-growing, high-est-earning and best-edu-cated race in the US, are almost as segregated from the nation’s white majority as they were two decades ago, according to a study
      Bloomberg; PHOTO: AFP  -  743 words
    • Article
      Lock icon Pain of austerity falls on private staff in Portugal
      670 15 Unions resenting govt worker perks call for big strike Bloomberg [LISBON] When it comes to sharing the burden of austerity, some Portuguese feel more equal than others. Half way through his four-year term, Prime Minister Pedro Passos Coelho is trying to
      Bloomberg  -  670 words
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      1253 15 Bank Sarasin Co. Ltd Consolidated Balance Sheet as at 31 December 2012 1,000 CHF 31.12.2012 31.12.2011 Assets Cash and cash equivalents 1,983,531 192,827 Money market papers 680,518 537,058 Due from banks 2,603,035 2,571,929 Due from customers 8,817,685 9,932,036 Trading portfolio assets 629,896 693,503 Derivative financial instruments 152,056 528,665 Financial investments
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  • WORLD
    • Article
      Lock icon Global sukuk sustains first loss in over 3 years
      626 16 Concerns over Fed’s plan to withdraw monetary stimulus knock Islamic debt Bloomberg [DUBAI] Investors in Islamic bonds are losing money for the first time in more than three years in the second quarter as concern that the US Federal Reserve will
      Bloomberg  -  626 words
    • Article, Illustration
      Lock icon Deregulation key to success of Abenomics
      536 16 Bloomberg [TOKYO] Prime Minister Shinzo Abe’s success in rebuilding Japan’s economy will depend on his ability to remove regulatory hurdles, the so-called “third arrow” of Abenomics, Orix Corp chief executive officer Yoshihiko Miyauchi said. “Abenomics has been good so far, and I would give
      Bloomberg; PHOTO: BLOOMBERG  -  536 words
    • Article
      Lock icon BOE warns of sharp rise in global interest rates
      500 16 Reuters [LONDON] The Bank of England yesterday warned banks and borrowers about risks from a potential abrupt rise in global interest rates, and said banks might need to further bolster their capital cushions to protect against this. The past week has
      Reuters  -  500 words
    • Article
      Lock icon Viet bank, property shares good buys as prices drop: top fund
      380 16 Bloomb erg [HANOI] Shares of banks and property companies from Vietnam Export-Im-port Commercial Joint Stock Bank to Vingroup JSC are “very attractive” as the country’s benchmark index heads for the biggest monthly loss in more than a year, the
      Bloomberg  -  380 words
    • Article, Illustration
      Lock icon Obama outlines plan to reduce greenhouse gases
      943 18 Says he’ll use his executive powers to get power plants to cut CO2 emissions NYT [WASHINGTON] President Barack Obama, declaring that “Americans across the country are already paying the price of inaction” on climate change, announced sweeping measures on Tuesday to reduce greenhouse
      NYT; PHOTO: AP  -  943 words
    • Article
      Lock icon UK recovery raises the bar on its climate goal
      485 18 Panel says hard to cut greenhouse gas emissions by 80% Reuters [LONDON] Britain’s recovery from an economic slump will make it harder to meet its legally-binding goals to cut emissions from 2018, meaning the cost of moving to low-carbon energy sources
      Reuters  -  485 words
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      Lock icon Report alerts investors to challenges in Myanmar
      662 18  -  By MALMINDERJIT SINGH MYANMAR, the new economic frontier, is attracting a lot of interest from investors, but observers warn that investors would do well to go into the market with eyes wide open, as the high potential return on capital there comes bundled
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    • Article
      Lock icon EU makes fresh bid to shield taxpayers from future bank failures
      389 18 Reuters [BRUSSELS] The European Union started on a fresh attempt yesterday to share out the costs of future bank failures, starting a regime to spare taxpayers further bailouts and maintain momentum to integrate the bloc’s crisis response. Finance ministers
      Reuters  -  389 words
    • Article
      Lock icon Asia-Pac firms eye own region for M&As: poll
      685 19  -  South-east Asia viewed as the most attractive for M&As for 60% of the region’s respondents By MALMINDERJIT SINGH [SINGAPORE] Asia-Pacific companies with strong balance sheets and a desire to spread their wings internationally are still more focused on mergers and acquisitions (M&As)
      685 words
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      Lock icon Myanmar is set to hand out two telecom licences today
      474 19 AP [YANGON] Foreign companies will tap into one of the world’s final telecom frontiers today when Myanmar hands out licences to operate two new mobile phone networks part of efforts by the long-isolated nation to use technology to spur economic
      AP; PHOTO: AP  -  474 words
    • Article
      Lock icon Economic growth in Q1 revised down to 1.8%
      444 19 LATEST US DATA Reuters [WASHINGTON] US economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports. Economists cautioned against reading too much into the data
      Reuters  -  444 words
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      75 16 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. Awarded Best in Cross r-^--•— 'UlL?' Media Advertising (Silver) 319/ for Asian Digital Media Awards 2012 A product of SPH, Singapore's trusted media
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      49 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY BUILDING BOOM New real estate regulations in India and what it means to you 0 > w 0 9 9 v a M I I f V Translation app in the making: GET YOUR CORY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      62 16 HOT PROPERTY CORNER SEMl-n n Par k. Reno rran F, °rfssa Deck pool G Kf ner V. v,ew ensuite. b g Patio. All SSI* amenities. Cbs Exceller >t SernT gX"™* bui,t Fufn. 6+1 WiW Po “l MOOsf LOOKING FOR GREENERY VIEW? Check this and many other properties in CATS Classified
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      100 17 hHm> M listeners May 2013 Making kiss92 the No.3 English radio station in Singapore mfiOb **listeners Oct 2012 Ia.u KxJn Sep 2012 4 months to birth a baby. from 0 to 419,000 listeners. Thank you for allowing us to dream big and reach new heights. kiss 92 All the great
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      139 18 The Malaysia stock market has rallied 12% in the past 4 months. Do not miss out on the rally. Gain access to Malaysia data at an attractive discount ShareInvestor WebPro ShareInvestor Station Malaysia market data Malaysia market data For existing users, add on Malaysia market data market data 12% OFF
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      110 18 w runs V ife i** i* •rj 7.H s\»l» •1« ill TOTlIl* aswma 10-12 July 2013 Level 1, Hall B&G Marina Bay Sands, Singapore Organised By: B| I k \s Blk 8 Lorong Bakar Batu, I L L I IN N. #07-07 Singapore *****3 Exhibition Services Pte Ltd Tel: (65)
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      1435 19 BEATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 01 JULY 2013. Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price
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      159 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JOINTEK FINE WINES (SINGAPORE) PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) Company Registration No. *****6096W NOTICE OF RESOLUTION At the Extraordinary General Meeting of the abovenamed Company duly convened and held at 133 New Bridge Road #25-08
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  • EDITORIAL & OPINION
    • Article
      Lock icon Time for Obama to be a hedgehog
      497 20 EDITORIAL US President Barack Obama has been given high marks for his resistance to ideological dogmatism and his embrace of pragmatic policies. To borrow the classification proposed by the British philosopher Isaiah Berlin, Mr Obama is less of a “hedgehog” who views the
      497 words
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      Lock icon S’pore to gain from G-8’s crusade on tax avoidance
      853 20  -  THE BOTTOM LINE DAVID MASON The writer, a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore. THE G-8 summit recently concluded with some fine words on
      853 words
    • Article, Illustration
      Lock icon What to do with this US$10t elephant?
      1056 20  -  Unwinding monetary expansion is a formidable challenge for the major central banks ANTHONY ROWLEY Tokyo Correspondent IF there is an “elephant in the room”, there is little point taking comfort in the idea that it is only waving its trunk to scent the
      PHOTO: BLOOMBERG  -  1,056 words
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      Lock icon ‘We didn’t start the fire!’ – Who did?
      1067 21  - ‘We didn’t start the fire!’ Who did? More needs to be done to improve Indonesia’s current integrated forest fire management system By THOMAS MENKHOFF The writer is a Professor of Organisational Behaviour Human Resources at the Lee Kong Chian School of Business, Singapore Management University. We didn’t start the fire
      PHOTO: REUTERS  -  1,067 words
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      Lock icon Restructure debt, revise taxes, instead of just cutting spending
      743 21  -  By ISABEL ORTIZ MATTHEW CUMMINS The writers have, between them, worked at Unicef, the UN Department of Economic and Social Affairs, the UNDP, the World Bank and the Asian Development Bank. Ms Ortiz is Director of the Global Social Justice Programme
      Project Syndicate; PHOTO: REUTERS  -  743 words
    • Article
      Lock icon Remisiers need MAS push for a fairer deal
      594 21 LETTER TO THE EDITOR I REFER to your editorial, “Trading representatives deserve better” (BT, June 19), and would like to thank The Business Times for affirming the role of remisiers in the stock market, as well as highlighting their plight today. As
      594 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Heathrow fights cut in return, threatens to pull investments
      697 22 Appeal likely as lower permitted return makes £3b plans ‘irrational’ NYT [LONDON] With the British government preparing a modest shift of public expenditure away from current spending towards capital projects, a business unusual for the scale of its infrastructure investments is
      NYT; PHOTO: BLOOMBERG  -  697 words
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      Lock icon BA raises US$928m with first EETC to finance aircraft buys
      533 22 IFR [LONDON] British Airways on Tuesday raised funds through its first-ever enhanced equipment trust certificates (EETCs) offering to finance the purchase of 14 new Airbus and Boeing aircraft. EETCs, a critical source of funding for US carriers, are attractive because
      IFR; PHOTO: BLOOMBERG  -  533 words
    • Article
      Lock icon Carnival CEO to step down, stay as chairman
      426 22 Reuters [NEW YORK] Carnival Corp said on Tuesday that its chief executive of 34 years, Micky Arison, will hand over the reins of the company he built into the world’s largest cruise ship operator to a long—time board member but stay as
      Reuters  -  426 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 22 SGX '000 Jun 26 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 91 Cosco Corp 0.74 -0.01 797 Ezra Hldgs 0.94 0.02 3047 First Ship Lea 0.11 unch 131 Freight Links Grand Banks unch unch 0 Jaya Hold Ltd 0.57 0.01 15 K1Ventures unch Keppel Corp
      235 words
    • Article
      Lock icon Dar Es Salaam port to receive major upgrade
      489 22 Tanzanian port to compete with Mombasa in Kenya Bloomb erg [DAR ES SALAAM] Tanzania will spend 343 billion shillings (S$270.3 million) over the next 12 months upgrading Dar es Salaam Port as it seeks to match the efficiency of Mombasa in neighbouring
      Bloomberg  -  489 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      358 22 CRYPTIC CROSSWORD Across 1 Local official’s frenzied, hiding behind tree (10) 9 Levy a charge on one road vehicle (4) 10 Charity event offers enjoyment a rider’s fantastic (10) 11 Item of uniform placed on peg (6) 12 Criticise neckwear and other garments (7) 15 Something made for attaching to
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  • Article
    Lock icon SHIPPING TIMES
    1455 23 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
    1,455 words
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      86 23 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 Shipping lines! Canthey seeking reliable I find your logistics partners I the I Shipping I Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business Times Shippi
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2930 24 Transaction date: Jun 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 8.8 3 A-Sonic Vol Day Last Quote Div Gr Yld Net 188 106 AIMSAMPIReit 158.5 +1.5 406 159 156.5
      2,930 words
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      Lock icon SGX CATALIST
      201 25 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 3..
      201 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10928 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.06/ Aberdeen Asset Mgt Asia Limited American Opp ....0.8515/ Global Emerging Markets!** Asian Smaller Cos!” 1.8968/ EM local Ccy Bond .*****/ European Opportunities!” 1.1322/ Global Emerging
      10,928 words
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      Lock icon GLOBALQUOTE
      249 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 52 30.5 Genting HK US$ US41.5 unch ***** 42.5 40.5 41.5 42 2732.6 Last 260 191 TanChongInt HK218 -5 312 230 214 222 238 4.3 3.2
      249 words
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      Lock icon SGX ETF
      860 25 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 127.7 -2.1 0 127.7 127.7 128.1 129 114.4 99 CIMB APAC Div 100US$
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      640 26 Jun 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.75 *****.84 *****.51 Sep13 *****.00 *****.00 *****.00 *****.00 *****0 *****1 Dec13 *****.00 26 ***** MSCI TAIWAN INDEX FUTURES SPOT 276.57 278.70 275.73 Jun13 274.40 277.60 274.20 276.20 *****5 *****5 Jul13 269.10 271.90 268.80 269.80
      640 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 25 Index Change Change Change Change Change Change World Preliminary 1014.8 0.8 8.2 -0.1 9.5 0.8 5.5 EAFE Preliminary 819.4 0.7 5.8 -0.2 4.1 0.6 0.2 Europe Preliminary 1165.8 1.4 1.6
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jun 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.974 5.713 0.711 7.210 55.608 92.331 0.907 10.730 2.971 1.198 91.945 40.362 1.181 9.354 0.872 28.105 28.889 0.603 0.929 Canada 1.027 5.865
      471 words
    • Article
      Lock icon SIBOR
      68 26 Jun 26 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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      Lock icon PRECIOUS METALS
      137 26 Jun 26 GOLD(US$/oz) Jun 25 Jun 26 Hong Kong 1297.50 1245.00 Jun 24 Jun 25 London 1286.09 1274.76 1286.97 1275.53 Source: Thomson Reuters CAST BAR Jun 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 116 51 5gm 329 257 10gm 587 514
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 26 Jun 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.27 6-Month BS*****X 27-Dec-13 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.89 99.92 99.90 5-Year N*****0T 0.5
      92 words
    • Article
      Lock icon PALM OIL
      57 26 Jun 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2385.0 2370.0 2385.0 2373.0 515 1988 Aug 13 2403.0 2382.0 2403.0 2381.0 3383 ***** Sep 13 2400.0 2379.0 2400.0 2377.0 ***** ***** Oct 13 2399.0 2376.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jun 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1812 1.1817 0.9292 0.9295 Canadian dollar 1.2125 1.2133 0.9544 0.9538 Euro 1.6621 1.6626 1.3075 1.3078 NZ dollar 0.9858 0.9864 0.7755 0.7759 Sterling pound 1.9582 1.9584 1.5404 1.5405
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    • Article
      Lock icon CHICAGO BOT
      109 26 Jun 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1525.25 1512.00 1527.75 1507.00 Aug 13 1429.25 1421.25 1433.50 1417.00 Sep 13 1323.50 1316.75 1330.00 1313.75 Nov 13 1278.50 1273.50 1283.25 1269.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13
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    • Article
      Lock icon LIFFE
      95 26 Jun 25 COCOA (£/tonne) Close Prev High Low Jul 13 1428 1413 1429 1410 Sep 13 1438 1428 1438 1419 Dec 13 1446 1439 1447 1430 Mar 14 1449 1441 1448 1433 COFFEE(US$/tonne) Close Prev High Low Jul 13 1732 1749 1756 1721 Sep 13 1749 1761 1767 1741
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1101 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.4 1 146 924 35.75 11 Acma Ltd. W*****6 Conv Albedo Limited W*****9 Exer Price Prem Disc Asiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2 1 27
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jun 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.89 1.82 WTI (Near Mth) 95.27 0.23 Dubai (1-Mth F) 98.79 1.36 Tapis blend 105.73 1.29 Minas 102.18 1.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.69 -0.45 Jet Kerosene 116.04 2.05 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jun 26 S$ Bid Offer 1-month 1.2712 1.2713 2-months 1.2711 1.2714 3-months 1.2712 1.2715 6-months 1.2712 1.2716 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 26 Jun-25 Jun-25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1738.75 1725.60 3 months 1784.00 1771.50 Copper, Grade A(US$/tonne) Cash 6763.00 6637.75 3 months 6795.00 6670.00 Lead(US$/tonne) Cash 2045.25 1987.75 3 months 2055.00 1995.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jun 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.203 1.146 Can dollar 1.229 1.182 Euro 1.698 1.618 Sterling pound 1.992 1.916 NZ dollar 1.005 0.967 US dollar 1.294 1.233 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      161 26 Jun 26 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.70 0.50 12
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  • PROPERTY
    • Article
      Lock icon NY developers claim tax breaks for luxe projects
      644 27 Well-connected developers robbing tax payers, says one New York senator NYT [NEW YORK] Credit our plutocrats and the real estate developers who adore them with this: No financial advantage is too small for them to pursue. The latest evidence that our developers
      NYT  -  644 words
    • Article
      Lock icon Househunt
      854 27 PROPERTY TRANSACTIONS BETWEEN MAY 29 TO JUN 4, 2013 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN LAND PRICE PSF STREET NAME TYPE DATE AREA* (SQ FT) (S$'000) (S$) District 1 NON-LANDED The Clift Apt 30/05/2013 99 495 1180 2383 District 3 NON-LANDED Echelon Apt 29/05/2013 99 1001 2025 2023 District
      854 words
    • Article
      Lock icon Citic Capital raises US$683m for new property fund
      430 27 Bloomberg [SHANGHAI] Citic Capital Holdings Ltd, controlled by the sovereign wealth funds of Qatar and China, raised US$683 million for a fund to invest in Chinese retail properties to capture urbanisation and consumption growth. The fund, the company’s fourth, will last about
      Bloomberg  -  430 words
    • Article, Illustration
      Lock icon Hillview House put up for sale
      310 27  -  Freehold site can house boutique condo project: DTZ By BENJAMIN AW [SINGAPORE] Hillview House, an industrial building on a freehold residential site, was yesterday launched for sale by tender by sole marketing agent DTZ Debenham Tie Leung (SEA) Pte Ltd. The site, at 1
      PHOTO: HILLVIEW HOUSE  -  310 words
    • Article, Illustration
      Lock icon JTC launches four sites in Tuas South
      559 28  -  Healthy demand expected for sites zoned for Business-2 development By ONG CHOR HAO [SINGAPORE] JTC Corporation has launched four sites in Tuas South for sale by public tender, in a move aimed at catering to demand from industrialists. Of the sites released under
      559 words
    • Article, Illustration
      Lock icon Historic Santiago building – where it all started
      1101 28  - Historic Santiago building where it all started By KALPANA RASHIWALA [SINGAPORE] Recounting the origin of his hotel venture in December 2010, Satinder Garcha says: “Funnily enough, it started in Santiago. I happened to be in Argentina playing polo. Never been to Chile, but I took a one- and-a-half hour flight
      PHOTO: ANOUSKA HEMPEL DESIGN 2013  -  1,101 words
    • Article
      Lock icon Office rents and vacancy rates improving: C&W
      840 29  -  Marina Bay leads with Grade A rents rising 10.9% on a quarterly basis By MINDY TAN [SINGAPORE] Led by Marina Bay, the office market is starting to see rents and vacancy rates improve, supported by more broad-based leasing demand. According to Cushman Wakefield
      840 words
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      Lock icon Hong Leong to launch freehold condo
      221 29  -  By BENJAMIN AW [SINGAPORE] Hong Leong Holdings yesterday announced that it would be launching a freehold condominium this weekend. One Balmoral, as it has been named, is along Balmoral Road, just off Stevens Road and in the high-end residential area of District 10. The
      PHOTO: ONE BALMORAL  -  221 words
    • Article
      Lock icon Ascott wins deal to run Gurgaon serviced residence
      306 29 [SINGAPORE] CapitaLand’s wholly-owned serviced residence unit, The Ascott Ltd, has won a contract to manage its first Ascott-branded serviced residence in India. Slated to open by 2016, the management contract for the 160-unit Ascott Ireo City Gurgaon was awarded by Ireo Pte
      306 words
    • Article, Illustration
      Lock icon Satinder Garcha ventures into hotels
      1247 30  -  New business will sprout from three assets in Singapore, one in Chile By KAPLANA RASHIWALA [SINGAPORE] Satinder Garcha best known for developing luxury landed homes on Sentosa Cove and Good Class Bungalows is venturing into the high-end boutique hotels business. This new enterprise will germinate
      PHOTOS: ARTHUR LEE  -  1,247 words
  • Page 27 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      297 28 FREEHOLD RESIDENTIAL SITE OFF HILLVIEW AVENUE nSite Area: 4,046.6 sm nMP 2008: PR 1.92, up to 10-storey nRegular site configuration nSits on elevated ground and enjoys unblocked view of surrounding area nSold by single owner Tender Close: Tues, 23 Jul 2013 DTZ Investment 6293 3228 Actual View from Subject Site
      297 words
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      Lock icon Page 28 Advertisements Column 2
      205 28 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. r .i jfi =l= ~r- i-l I- I m L bb INCOME GENERATING ASSETS ~Benefitfrom secure and regular income returns plus long-term asset appreciation- Commercial Buildings
      205 words
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      Lock icon Page 28 Advertisements Column 3
      48 28 SALE BY TENDER Ruby Warehouse Complex #03-16/17, Kaki Bukit Rd 2 2 entrances, coldrooms workstations 4327 sf, 2 adjoining units 4.4m height approx Loading 12.5KN/sm 60 years wef Dec 1981 Tender closing date on July 24, 2013 (Wed), 4PM Jean Calalang *****846 *****302 CEA licence no. R*****4H www.knightfrank.com.sg
      48 words
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      Lock icon Page 29 Advertisements Column 1
      276 29 L m 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
      276 words
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      Lock icon Page 29 Advertisements Column 2
      263 29 Freehold Commercial in Orchard (i«Vi it; Real value in a changing world THONG SIA BUILDING 8 Strata FH Commercial Units Area: 42,668 sf 7 storey commercial podium with carpark Walking distance to Orchard Somerset MRT Vacant possession Tender Closing on 15 July 2013 (Monday) 3pm For further information, please call:
      263 words
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      Lock icon Page 29 Advertisements Column 3
      179 29 MONTIGO RESORTS mm IK THE MULTI-AWARD WINNING RESORT INTRODUCES NEW STUDIO RESIDENCES. YOURS TO OWN FROM ONLY S$388,000 85 Studio Residences with lushly landscaped garden views and stunning sea views for selected units sizes from 1100 sq ft guaranteed 5% yield p.a. for the first three years* all fully furnished
      179 words
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  • Page 30 Advertisements
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      320 30 STRATFORD LONDON QUEEN ELIZABETH OLYMPIC PARK THE LARGEST REGENERATION PROJECT IN THE UK! THE PARK WILL HAVE 90,000 SQM OF NEW BUSINESS SPACE 9.3 MILLION VISITORS PROJECTED FOR 2016 iiiii uni mi. 'Ill 1 flip il» HI. „i()f i|l!l !l!l I lin 1 i iffi miiiir ini .ji' 1 <!m
      320 words