The Business Times, 6 March 2014

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, March 6, 2014
    25 words
  • Article, Illustration
    Lock icon Room to enhance taxes as fiscal demands rise
    1029 1  -  But system must stay equitable and tax burden on average S’porean kept low: Tharman By TEH SHI NING tshining@sph.com.sg [SINGAPORE] There is room for Singapore to “enhance all kinds of taxes”, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said yesterday, as
    Source: OECD, National Statistical Offices, KPMG, and MOF estimates; Source: MOF estimates  -  1,029 words
  • Article
    Lock icon Economists divided over Reit impact on business
    742 1  -  By LEE MEIXIAN leemeixian@sph.com.sg [SINGAPORE] Calls in Parliament for the government to rein in industrial and commercial rents or reverse JTC’s land divestment programme to “buy back some of the Reits” have sparked mixed responses from market watchers, with some in agreement and
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,116.64 (+11.93) GST INDEX FUTURES 3,111.00 (+12.00) HSIMSCI 351.11 (-0.30) ESIMSCI FUTURES 351.20 (unch) US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.667 2.118 EURO (US$/S$/€ 1.373 1.744 Foreign currency per US$ S$ YEN 102.20 80.50 RM 3.272 2.576 HK$ 7.760 6.110 BAHT 32.36 25.48 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,829.11 +2.65 NIKKEI 225 14,897.63 +176.15 HANG SENG 22,579.78 -77.85 SET INDEX 1,351.64 +5.82 JAKARTA COMP 4,659.17 +57.89 MANILA COMP 6,456.14 +61.54 SEOUL COMP 1,971.24 +17.13 SHENZHEN B 846.78 +2.78 MUMBAI IND 21,276.86 +67.13 11am EST Change DOW 16,374.05 -21.83 NASDAQ 4,355.32 +3.34
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA MALAYSIA 5.35 6.55 5.00 INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon Raising productivity only way to manage business costs
      560 2  -  Weakening our economy would be wrong strategy, says Finance Minister BUDGET DEBATE Reports by KELLY TAY kellytay@sph.com.sg [SINGAPORE] The Republic is not going to be a cheap place to do business, and costs will inevitably rise as the economy turns more vibrant.
      560 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      326 2 Room to enhance all kinds of taxes THERE is room for Singapore to “enhance all kinds of taxes”, Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said yesterday, as he laid down the principles that will underpin the government’s response to rising fiscal demands. FRONT PAGE Economists divided
      326 words
    • Article, Illustration
      Lock icon Controlling healthcare spend a fiscal challenge
      554 2 CONTROLLING total healthcare spending is the key fiscal challenge of Singapore’s future, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam yesterday as he wrapped up Parliament’s debate on Budget 2014. But even as the government takes on a larger share of the country’s
      Source: Ministry of Finance  -  554 words
    • Article
      Lock icon No meltdown seen from China firm’s bond default
      781 2  -  By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] It’s the first of two punches, without a fatal uppercut that’s the real jab behind China’s possibly first domestic bond default. The arena is fraught with risks, analysts acknowledge, given that China is one of the largest
      781 words
    • Article
      Lock icon Beijing sets GDP target for this year at ‘around 7.5%’
      799 2  -  By VIRGINIE MANGIN in Beijing CHINA has kept its 2014 GDP (gross domestic product) target at “around 7.5 per cent”, a sign that the government still considers growth a priority for stability and that it wants to boost market confidence.
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    • Article
      Lock icon LTA: higher proportion of cheaper cars in Cat A now
      560 4  -  Drop in median OMV of Cat A cars registered after re-categorisation Reports by SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The small car Certificate of Entitlement (COE) premium may not have softened substantially following last month’s re-categorisation but Land Transport Authority (LTA) data
      560 words
    • Article
      Lock icon Cat A premium steady but all else rise
      349 4 THE premium for a small car certificate of entitlement, or COE, dipped yesterday but those for the other categories climbed. In the first bidding exercise for March, Cat A for cars below 1,600cc and 130 hp slipped $202 to $76,999. But Cat
      349 words
    • Article
      Lock icon Life insurers should benefit society: MAS
      502 4  -  By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] The life insurance industry plays an important role in society and should remain committed to that purpose, said the Monetary Authority of Singapore (MAS) executive director of insurance Loo Siew Yee yesterday. The industry has to design effective pension
      502 words
    • Article
      Lock icon Asia’s ultra-wealthy to invest more in property: survey
      742 4  -  S’pore remains a favoured location for a second home By GENEVIEVE CUA gen@sph.com.sg [SINGAPORE] Real estate remains a favoured asset class among ultra-high net worth individuals, and Singapore remains in their sights as a favoured location for a second home. Knight Frank’s
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    • Article
      Lock icon February power use steady despite dry spell
      390 4  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] February was the driest month in nearly 150 years, and though it was hot as well, there was no marked jump in demand for electricity, especially for power air-conditioners. One genco chief said that it may have been
      390 words
    • Article, Illustration
      Lock icon Ukraine crisis pushes out speculative short gas traders
      657 4 Reuters AFP [LONDON] The crisis in Ukraine has ended one of the biggest short positions in recent European natural gas trading as the threat of a Russian supply cut forced speculative dealers to close positions they had profitably held throughout winter. In
      Reuters; AFP; PHOTO: AFP  -  657 words
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      100 3 txmmmm -> mm* I -*rf5& L I M CARTIER AUTOMATIC 1 ■S.\ r •■> -i r^T"' T**; ■I s^wS§g»s^^-.»»vi I V. A,, T TANK MC MANUFACTURE MOVEMENT 1904 MC SINCE THE CREATION OF THE FIRST TANK WATCH IN 1917, THE TANK COLLECTION HAS CONTINUED TO BRlzAK NEW GROUND. THE INCREDIBLY
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      431 5 L f H I Li lirh i ii H k LI j .11 Ji -‘iak #d •u j 11 L ««r i bitf n b i > e* fSML l U.JJilL* si -V 44 -t «f J LAUNCHING SOON I I’iL Pea r T S S j v -V REGISTER
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  • COMPANY NEWS
    • Article
      Lock icon Listed warrants still in the zone
      824 6  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg A FEW local companies have been raising funds through rights issues that come with unlisted, free warrants as “sweeteners” to ensure the rights are taken up. These novel instruments were featured in this column recently, but equally
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    • Article
      Lock icon Loyz Energy to buy 20% of Norwegian firm
      239 6  -  By JACQUELYN CHEOK jaccheok@sph.com.sg UPSTREAM oil and gas group Loyz Energy yesterday announced it would be acquiring a 20 per cent stake in Norwegian oil and gas exploration firm Fram for US$41.4 million. The acquisition will allow both firms to share expertise
      239 words
    • Article
      Lock icon BROKERS’ TAKE
      982 6  -  Compiled by ANDREA SOH Office Reits Maybank Kim Eng Research, March 5 THE office Reits segment was recently abuzz with renewed interest from investors after the Urban Redevelopment Authority’s Office Property Rental Index recorded about one per cent y-o-y increase in rent for both the Central Area and
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    • Article, Illustration
      Lock icon Analysts positive about a Tigerair Mandala sale
      633 6  -  By NISHA RAMCHANDANI nishar@sph.com.sg THE prospect of Tiger Airways cutting its losses in Indonesia by selling or closing its Indonesian carrier Tigerair Mandala has been well-received by analysts. Reuters reported earlier this week that Tiger Airways will act if Mandala fails to turn
      BT Graphics: Ludwig Ilio  -  633 words
    • Article, Illustration
      Lock icon Genting HK cruises to potentially huge gains from NCLH shares
      609 6  -  Its unit may sell its remaining shares in the Norwegian firm By ANGELA TAN angelat@sph.com.sg GENTING Hong Kong (Genting HK) may sell its remaining 27.7 per cent stake in Norwegian Cruise Line Holdings (NCLH), a disposal that could see it
      PHOTO: BLOOMBERG  -  609 words
    • Article
      Lock icon SGX securities trading tumbles 35% in February
      628 7  -  Global market uncertainties, tough regulatory measures seen among reasons By ANGELA TAN angelat@sph.com.sg SECURITIES trading on Singapore Exchange (SGX) extended its downtrend, falling 35 per cent from a year ago to $20.9 billion in February, amid uncertainties in global markets and the regulators’
      628 words
    • Article, Illustration
      Lock icon Full-year results ‘disappointing’
      381 7  -  But analysts raise earnings estimates for year ahead By KENNETH LIM kenlim@sph.com.sg THE latest earnings reporting season generally disappointed analysts, although earnings estimates for the year ahead have been revised slightly higher, according to Bloomberg consensus data. Aggregate full-year net profits reported between Jan 1 and March
      Source: Bloomberg  -  381 words
    • Article
      Lock icon Yellow Pages plans $21m placement
      170 7  -  By JAMIE LEE leejamie@sph.com.sg GLOBAL Yellow Pages said yesterday it plans to place up to 300 million new shares to raise as much as $20.8 million. These shares will be placed at 7 cents, representing a 23.7 per cent discount to the volume-weighted average price
      170 words
    • Article
      Lock icon Ezra clinches more than US$125m worth of projects
      255 7  -  By JACQUELYN CHEOK jaccheok@sph.com.sg OFFSHORE and marine firm Ezra Holdings has clinched subsea construction and offshore support contracts and options in the Asia Pacific and West Africa worth more than US$125 million. Its subsea services division, EMAS AMC, secured nearly US$100 million
      255 words
    • Article
      Lock icon Feeling heat from cooling property
      473 9  -  With valuations sliding, some developers making provisions for projects facing thin margins By MINDY TAN tanmindy@sph.com.sg DEVELOPERS are feeling the heat from a tougher operating environment as property valuations slide, and some have been pushed to make provisions for projects. Wheelock Properties has made an
      473 words
    • Article
      Lock icon StanChart Singapore operating profit down 7% in 2013
      369 9  -  By JAMIE LEE leejamie@sph.com.sg StanChart warns that H1 performance will remain ‘challenged’, Page 16 STANDARD Chartered Bank in Singapore said yesterday that its full-year operating profit for 2013 fell 7 per cent from a year ago, on the back of margin compression
      369 words
    • Article
      Lock icon Latest watch-list stocks slump as much as 24%
      353 9  -  Nippecraft the only exception, with shares gaining 2.6% By JAMIE LEE leejamie@sph.com.sg SHARES of all but one company that just entered the SGX watch-list slumped yesterday. Of the eight stocks that fell, those that lost a fair amount of ground included Cacola
      353 words
    • Article
      Lock icon Swiber locks in gains from Kreuz sale completion
      473 9  -  By lisalcc@sph.com.sg LISA LEE lisalcc@sph.com.sg THE completion of the sale of integrated subsea services provider Kreuz Holdings (KHL) to Hong Kong private equity company SEA9 has reaped significant gains for Swiber Holdings as well as three of Kreuz’s top managers who were
      473 words
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      136 7 MM qO^ i c LQUn Received the "User's Choice "award at World Communication Awards 2013. Recognised as "Wholesale Operator of The Year' at Asia Communication Awards 2013. telecomasia AWARDS 2013 Recognised as "The Best Asian Telecom Carrier" and "Best Cloud-Based Service" at Telecom Asia Awards 2013. SEAMLESS CLOUD FOR THE
      136 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine, Olam help STI rise 12 points
      700 8  -  Ukraine newsflow is positive, but the possibility of large China bond default weighs on sentiment STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent HAVING risen sharply on Tuesday ahead of Wall Street’s large rebound, the Straits Times Index (STI) yesterday drifted for most of the
      Source: Bloomberg  -  700 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 5 VALUE CLOSE BT OB/OS -209.00 -17.00 BT CADI -*****.00 -4.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 714.11 +1.43 FTSE ST Small Cap 530.25 +1.07 FTSE ST All Share 756.45 +2.56 FTSE ST China Top 197.59 +0.22 FTSE ST China 226.69 +0.40 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Transcu Grp 274,355,000 Albedo 207,377,000 Vallianz Hldgs 104,185,000 Thai Beverage 72,761,000 Noble Grp 66,419,000 SingHaiyi 61,034,000 W Corp 50,964,000 HanKore 47,750,000 Golden Agri 46,782,000 JES 46,220,000 VALUE($) DBS Grp 88,764,680 Noble Grp 70,742,110 SingTel 50,773,525 GLP 50,601,957 OCBC Bk 44,658,010 Thai Beverage 44,573,020 UOB 43,238,479 Olam
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 5 0 0 0 4 6 5 Manufacturing 49 52 35 3 9 11 52 61 46 Commerce 24 23 17 1 5 6 25 28 23 Tpt/Stor/Comms 19 11 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,819 18,819 65,634 65,634 Manufacturing 381,705 78,420 460,125 190,661 4,017 194,678 Commerce 223,725 389,100 612,825 204,820 31,137 235,957 Tpt/Stor/Comms 60,755 1,245 62,000 98,112 125 98,237 Finance 33,140 512 33,652 193,614 144 193,758 Construction 53,104 53,999
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.775 -0.010 CapitaLand 2.810 +0.020 CapitaMall 1.900 -0.010 CityDev 9.370 +0.060 ComfortDelGro 1.955 +0.010 DBS Grp 16.21 -0.120 GLP 2.800 Genting SP 1.330 +0.005 Golden Agri 0.590 +0.010 HK Land 6.350 +0.030 HPH Trust US$ 0.635 -0.005 JMH 60.00 +2.000 JSH
      114 words
    • Article, Illustration
      Lock icon Yen loses ground as Ukraine concerns ebb
      481 8 CURRENCIES Reuters [LONDON] The safe-haven yen extended losses against the US dollar and euro yesterday as concern over a Rus-sia-Ukraine standoff eased, allowing investors to focus on a slew of data and central bank meetings. Markets are keeping an eye on the region
      Reuters; PHOTO: BLOOMBERG  -  481 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 335.2 1.4 JMH 6000 253.9 3.4 SPDR DJIA 10US$ ***** 165.1 0.8 JSH 3466 134.6 3.2 DBXT E50 10US$ 5265 113.0 1.7 Jardine C&C 4000 100.0 2.6 Lyxor Indonesia10US$ 8178 97.8 1.0 DBXT MSKorea 10US$ 6114 90.1 1.2 DBXT Nifty
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    • Article
      Lock icon FALLS
      131 8 BY CENTS CLOSE DOWN DBXT iBoxxUSTr 5US$ ***** -76.2 -0.3 GLD 10US$ ***** -66.0 -0.4 DBXT USDIGInfl 5US$ ***** -58.4 -0.2 DBXT AUD Bonds 5AU$ ***** -55.8 -0.3 DBXT S&P Short 10US$ 2546 -43.2 -1.3 DBXT iBoxxSvEu 5US$ ***** -31.7 -0.1 DBXT EONIA 5US$ ***** -29.2 -0.1 UOB 2053
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      157 8 WITH A GUARANTEED SAFETY NET, I CAN TRADE FX AND CFDs CONFIDENTLY 1 »n it ikwfcu i iiliiiiit **********131^-P Mil* Jm* sS fa w/fA mam. La jS5sS§ < > aft, »!5 «!5 -i T EXECUTE TRADES WITH PEACE OF MIND, EVEN OFF YOUR DESK Take advantage of our suite of
      157 words
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      164 9 Lars Seier Christensen, Co-CEO Co-Founder 1 5:42 Moscow, Russia One platform. One account. One organisation. One insight. One good idea. One instantly executed trade That's what makes the difference. You know that and so do we. That's why as a number one trading platform*, we offer you one point of
      164 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon No plans to shift monetary policy approach: MAS
      582 10  -  Current practice has served S’pore very well for over 30 yrs, says Lawrence Wong BUDGET DEBATE By LEE U-WEN leeuwen@sph.com.sg THERE are no plans for Singapore to shift its monetary policy approach to one where it manages interest rates rather than the
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    • Article
      Lock icon ‘Expiry’ date planned for those in bankruptcy
      451 10  -  By CHUANG PECK MING peckming@sph.com.sg A RUN-OUT-DATE may be introduced in the bankruptcy law to allow bankrupts to be discharged within clear time frames. The Ministry of Law will, at the same time, look into tightening the caps on interest rates charged by
      451 words
    • Article
      Lock icon Four clear lessons from Ukraine crisis: Shanmugam
      420 10  -  By CHUANG PECK MING peckming@sph.com.sg RUSSIA has broken two key principles dear to Singapore in the conduct of international relations those of observing international law and respecting a country’s sovereignty and integrity, Foreign Affairs Minister K Shanmugam told Parliament yesterday. Making clear Singapore’s
      420 words
    • Article
      Lock icon UK chemicals firm partners NTU in materials, energy research
      222 10 BRITISH chemicals giant Johnson Matthey has teamed up with Nanyang Technological University (NTU) to undertake research in new materials and renewable-energy solutions. In its first research foray into Asia, Johnson Matthey will home in on three key areas energy storage, air
      222 words
    • Article, Illustration
      Lock icon Flawed EIU study made Singapore world’s costliest
      405 10  -  To compare costs by converting prices to US$ is misleading REUTERS BREAKINGVIEWS By ANDY MUKHERJEE SINGAPORE is not the most expensive place on the globe. A much-cited survey has declared the city-state to be the world’s costliest. But it suffers from a flawed
      405 words
    • Article
      Lock icon Early bird specials for F1 tickets begin on March 12
      327 10  -  By mishar@sph.com.sg NISHA RAMCHANDANI mishar@sph.com.sg EARLY bird sales for the 2014 Formula One (F1) Singapore Grand Prix (Sept 19-21 will flag off from March 12, offering race-goers cheaper tickets before the regular price kicks in from May. The savings from
      327 words
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      122 10 Gfl!N A CCE|S To A \WORLd OF EXCISING TRAVEL IDEAS «n. DEALS! \\ers 0& 1 P.SS-P V DOWNLOAD the s8TwV nOW! S Brought to you by SPH, the easy-to-use sgtravellers app spins more exciting travel yarns with its new Luxe Travel chapter featuring stories and pictures as never seen before!
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      272 11 SINGAPORE INSTITUTE OF DIRECTORS Professional Development for Directors 2014 Singapore Institute of Directors (SID), the national association of company directors, seeks to continually raise professional standards and directors’ effectiveness through the acquisition of up-to-date knowledge and skills. Our broad-based curriculum caters to the whole spectrum of developmental needs of directors
      272 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas Q4 profit up 45% at RM12.8b
      607 12 [KUALA LUMPUR] Strong production helped Petroliam Nasional’s net profit to soar 45 per cent to RM12.8 billion (S$5 billion) for the fourth quarter ended Dec 13, 2013, making 2013 “one of the best years ever” for the national oil corporation. Revenue improved to
      607 words
    • Article
      Lock icon M’sian oil & gas support SMEs take market hit
      480 12  - M’sian oil gas support SMEs take market hit Their shares ease after Petronas CEO warns of falling vessel charter rates By PAULINE NG in Kuala Lumpur SHARES in small to mid-sized oil and gas support companies came under selling pressure yesterday after Petronas warned that an oversupply of floating vessels
      480 words
    • Article
      Lock icon Prices of thermal coal hit by theft, illegal shipments
      526 12 2m tonnes a month from Arutmin mine bypass Glencore Bloomberg [LONDON] At one of the world’s largest coal mines in the Indonesian province of South Kalimantan, enough of the fossil fuel is being stolen every three days to fill a vessel
      Bloomberg  -  526 words
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      154 12 SME 101: MARKETING BOOTCAMP Marketing strategies for SMEs using video, social media and mobile phones ONLINE REGISTRATION ONLY Tickets can only be purchased via our online registration page using credit cards. REGISTER HERE: www.stjobs.sg/bootcamp 27 28 MARCH 2014 For enquiries, please email customercare@stjobs.sg or call 1800 6978 701 during office
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      343 13 Stratford Riverside LONDON E15 V~~ JPT» 1 Computer Generated Image Riverside,fwSject to changes during construction process. Exclusive Global Launch Saturday 8 March 2014 Sunday 9 March 2014 11am 7pm Exhibition Address: Four Seasons Hotel Windows West, 20/F 190 Orchard Boulevard Singapore *****6 1, 2 3 bedroom apartments with stunning views
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India to kick off world’s biggest election
      614 14 April 7 race pits charismatic Modi against ruling Congress party Reu ters [NEW DELHI] India’s mammoth parliamentary election will start on April 7, authorities announced yesterday, kicking off a race that will pit charismatic Hindu nationalist leader Narendra Modi against the unpopular Nehru-Gandhi
      Reuters; PHOTO: AFP  -  614 words
    • Article
      Lock icon China plans VAT for telecoms firms
      422 14 Reuters [BEIJING] China will trial a new value-added tax (VAT) for telecommunication services providers as a replacement for business tax, Premier Li Keqiang said yesterday at the opening of the annual meeting of Parliament, a change which could hit the companies’ profits. The trial
      Reuters  -  422 words
    • Article, Illustration
      Lock icon Beijing to improve grain, clean energy output
      460 14 Reuters [BEIJING] China plans to broaden the scope and increase spending on agricultural subsidies for grains and other commodities in a bid to boost food security, the country’s top economic planner said yesterday. Beijing also intends to speed up energy pricing reforms to
      Reuters; FILE PHOTO  -  460 words
    • Article
      Lock icon FDI into China declines for a second year
      304 14 Bloom berg [SINGAPORE] China lured less foreign direct investment (FDI) than South-east Asia’s biggest economies combined in 2013 amid faster wage growth and a shrinking labour force in the communist country, according to Bank of America Merrill Lynch. Total FDI into Singapore,
      Bloomberg  -  304 words
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      31 14 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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      58 14 HOT PROPERTY 3a jln nipah pc +1, c„ /530bs^5+, +s r bUi l t $14.5 K Als°°LL /fUrn Land3880sf Giodf Cho ce DETACHED HSES ?ctv d OW charm 5+1 $,35?/ |,1 K V +1+ basement space HOUSES FOR RENT Check this and many other properties in CATS Classified in The
      58 words
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      213 15 Forbes y r l FORBES GLOBAL CEO CONFERENCE THE NEXT HORIZON October 28 30,2014 Singapore Speakers from past years' Forbes Global CEO Conferences A Lj rp F Carlos Slim Helu Chairman ofFundacion Telmex, Fundacidn Carlos Slim, Impulsora del Desarrollo del Empleo en America Latina and Cicsa Li Ka-shing Chairman, Cheung
      213 words
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  • WORLD
    • Article, Illustration
      Lock icon Tokyo trying to find ways to regulate bitcoin trading
      565 16  -  Authorities urged to warn investors of dangers of dealing in virtual currency By ANTHONY ROWLEY in Tokyo CAUGHT off guard by last week’s sudden collapse of Mt Gox, once one of the world’s leading bitcoin exchanges, the Japanese government is scrambling
      PHOTO: AFP  -  565 words
    • Article
      Lock icon StanChart warns that H1 performance will remain ‘challenged’
      402 16 Bank reports its first drop in annual profits in a decade Reuters [LONDON] Standard Chartered warned its income and profits would remain “challenged” in the first half of the year, after the Asia-focused bank yesterday reported its first drop in annual profits
      Reuters  -  402 words
    • Article, Illustration
      Lock icon Sons of Ikea founder join ranks of billionaires
      694 16 All 3 also inherit their father’s penchant for privacy Bloomberg [LONDON] Ikea’s flagship store in Stockholm is the largest of the furniture retailer’s 349 outlets, a 55,200 square metre blue and yellow behemoth that’s big enough to accommodate 10 football fields. The
      Bloomberg; PHOTO: BLOOMBERG  -  694 words
    • Article, Illustration
      Lock icon BP loses appeal over Gulf of Mexico oil spill payouts
      497 16 WP [NEW ORLEANS] In a setback for London-based BP, a New Orleans appellate court yesterday turned down the oil giant’s effort to block payments to businesses whose damage claims could not be clearly traced to the massive oil spill in
      WP; PHOTO: AFP  -  497 words
    • Article, Illustration
      Lock icon Australia quarterly growth hits 0.8%
      651 18 The transition away from its reliance on the mining sector has picked up speed AFP [SYDNEY] Australia’s economy expanded a better-than-expected 0.8 per cent in the last three months of 2013 as the commodi-ty-powered nation’s transition away from its reliance on the mining sector picked
      AFP; PHOTO: REUTERS  -  651 words
    • Article
      Lock icon Bernanke paid US$250,000 for his first public talk
      691 18 Reuters [NEW YORK] Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the US Federal Reserve. Mr Bernanke was paid at least US$250,000 for his first public speaking engagement, in Abu Dhabi,
      Reuters  -  691 words
    • Article
      Lock icon Analysts see silver lining in Italy’s economy
      534 19 They cite low yield on country’s bonds, rising production as positive indicators Xinhua [ROME] The macroeconomic figures coming out of Italy so far this week do not paint an optimistic picture for the near-term prospects of new Prime Minister Matteo Renzi. But analysts
      Xinhua  -  534 words
    • Article
      Lock icon JPMorgan Chase top bond deal earner last year
      410 19 It earned US$1.34b in bond fees as deal volumes shrunk Bloomberg [NEW YORK] From ketchup to communications, bankers jockeyed for a smaller volume of bond deals last year as fees slid 1.7 per cent to US$18.9 billion. JPMorgan Chase led Bloomberg Markets’
      Bloomberg  -  410 words
    • Article
      Lock icon Short-dated sukuk gaining in popularity
      275 19 Bloomberg [DUBAI] Short-dated sukuk are gaining in popularity, with Saudi Arabia’s Islamic Development Bank (IDB) poised to be the second multinational Syariah-compli-ant lender to issue the debt by selling securities maturing in as little as 30 days. IDB, the AAA-rated Jeddah-based bank, this year plans
      Bloomberg  -  275 words
    • Article, Illustration
      Lock icon Yahoo to block user access of services with Facebook, Google IDs
      341 19 Reu ters [SAN FRANCISCO] Yahoo will stop letting consumers access its various online services, including Fantasy Sports and photo-sharing site Flickr, by signing-in with their Facebook or Google credentials. The change, which will be rolled out gradually according to
      Reuters  -  341 words
    • Article
      Lock icon Global service industry grew strongly in Feb
      592 20 But Europe and Asia production growth slowed on falling overseas demand Reuters [LONDON] Robust growth in the global service industry outshone a lacklustre performance from manufacturers last month, pushing firms to increase headcount to meet buoyant demand, business surveys showed yesterday. Following a
      Reuters  -  592 words
    • Article
      Lock icon Fewer private sector jobs added in Feb
      392 20 Bad weather blamed for lower-than-expected hiring LATEST US DATA Reuters AFP [WASHINGTON] US private employers added fewer workers than expected in February and services sector growth slowed, the latest signs that severe weather continues to be a drag on the economy. The ADP
      Reuters; AFP  -  392 words
    • Article, Illustration
      Lock icon Italy fines Novartis, Roche 182.5m euros over eye drug
      612 20 Bloomberg [MUNICH] Italy’s antitrust regulator fined Novartis AG and Roche Holding AG 182.5 million euros (S$318.3 million) for allegedly colluding to prevent the use of Roche’s Avastin cancer drug as a treatment for an eye disease. Roche and Novartis blocked distribution
      Bloomberg; PHOTOS: REUTERS  -  612 words
    • Article
      Lock icon BoE suspends worker over forex probe
      576 20 Bloomberg [LONDON] The Bank of England suspended a staff member and published records showing concerns about risks of benchmark currency-rate manipulation were raised in meetings as early as July 2006. The BOE is probing allegations officials condoned practices at the heart of a widening
      Bloomberg  -  576 words
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      112 16 lISGPFair Singapore Gifts Premiums Fair 2014 A highly cost-effective marketing medium to meet your key buyers 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com Key buyers at SGPFair are/ come from: F&B Conglomerates 1 Global FCMC Leaders Global Healthcare Medical Product Companies Largest Mobile Network Operators in Singapore Leading Shopping
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      22 16 AVAILABLE ON iPAD ANDROID WELCOME ABOARD Ask your local bookshop or get your copy by subscribing today Visit www.asia-pacificboating.com or email sub@bluincmedia.com
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      368 17 r CW .^o° <v LONDON BALTIMORE WHARF Central location next to Canary Wharf, iconic architecture and extensive luxury leisure facilities make Baltimore the prime residential investment opportunity in London today. El ■> m -m m m m v-iit 1 sJ- gt L i Si ilJ |)f#V t. i 4UL Isii
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      1598 18 s* *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YRC WORLDWIDE PTE. LTD. Company Reg. No. *****2069D (In Creditors’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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      59 18 HER WORLD MARCH ISSUE, OUT NOW! ONLY $6 Her World is available in digital edition. Scan this QR code to find out more. and present THE YOUNG WOMAN ACHIEVER FORUM 2014 FOLLOW YOUR DREAM JOIN US ON March 8, 2014 2–5pm Singapore Management Univerity For more details, visit herworldplus.com. CONNECT
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      496 19 50% DISCOUNT ON BUSINESS ELITE COMPANION FARES Enjoy the comfort of flying on our 180-degree full flat-bed seats with direct aisle access on BusinessElite®. Purchase a BusinessEMte ticket and enjoy 50% off on the second ticket for your companion on Delta flights to select U.S. destinations below by April 30,
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      35 20 IS HOT More job opportunities in this sector in Singapore this year IQBAL JUMABHOY: Building ‘Singapore homes’ in India GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      35 20 www.omy.sg f m rXI LIKE* omy Showbiz fonpoge WN BIGBANG Singapore Thinking Of You' Fan Meeting tickets (Worth siss each) v 0&i0 showbiz.omy.sg Download omy Apps O. 0(^0 omy Showbiz ios App store Google Play
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      118 20 Tourism Asia 2014 30 July-1 August 2014 Thailand WHY SPONSOR? Increase brand exposure of your hospital to medical tourists Position your country as the leading medical tourism destination Showcase your solutions that can support healthcare providers in driving and managing growth in patient volume Obtain first-hand insights to the exciting
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      347 21 ESPLANADE PRESENTS music from across the globe Festival opens this Fri, 7 Mar! MOSAIC: FESTiyAL\ SINGAPORE f 7-16 m m 5 10 MAR MON 7.30PM ROBERT GLASPER experiment^ V--, XI 30PM SAT I MAR OUT L WASHED USA VS9^ A C. m USA iV 7 MAR FRI. 7.30PM dee dee
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  • EDITORIAL & OPINION
    • Article
      Lock icon S’pore world’s most expensive city? No
      498 22 EDITORIAL ACCORDING to a report released on Monday by the Economist Intelligence Unit (EIU), Singapore has the dubious distinction of being the most expensive city in the world a headline that was e-mailed, tweeted and broadcast across the globe. Certainly, even by the standards
      498 words
    • Article, Illustration
      Lock icon Hunger in US, UK is a social problem, not economic
      782 22  -  REUTERS BREAKINGVIEWS THE BOTTOM LINE By EDWARD HADAS GLOBAL hunger is shrinking. Yet, each winter, operators of food banks in rich countries such as the United States and Britain speak movingly of the plight of those who must choose between
      782 words
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      Lock icon Hard questions to answer for S’pore’s development
      1502 22  -  Rational public policies must always prevail over irrational public pressures By TAN KHEE GIAP The author is co-director, Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore and chairman, Singapore National Committee for Pacific Economic Cooperation FTER the
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      Lock icon Enter the responsive organisations
      1032 23  -  They optimise themselves for the open flow of information through an organisation By CÉSAR CERNUDA The writer is president, Microsoft Asia Pacific IT’S getting more difficult to be productive in the modern workplace. For the average employee, the start of the new year can be the
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      Lock icon Putin’s Crimean crime
      847 23  -  By ROGER COHEN NYT NYT FOR Vladimir Putin, the breakup of the Soviet Union was the “greatest geopolitical catastrophe” of the 20th century. Everyone has something that makes them tick. Mr Putin’s obsession is the restoration of Russia’s pride through the restoration of its imperium. The Russian
      NYT – NYT; PHOTO: REUTERS  -  847 words
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      Lock icon An entirely different, silent world for Latin American countries
      928 23  -  By ANDRÉS VELASCO The writer, a former finance minister of Chile, is a visiting professor at Columbia University Project Syndicate in Santiago WHEN violence flared up in Ukraine and protesters began dying at the hands of government agents, the European Union
      Project Syndicate; PHOTO: REUTERS  -  928 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Air France-KLM gets luxury makeover in bid to turn around
      649 24 Investors warm to its plans, sending its stock to a 22% gain in past 12 months Bloomberg [NEW YORK] Air FranceKLM Group, Europe’s largest airline, is getting a makeover ranging from high-end seats to bigger entertainment screens as chief executive
      Bloomberg; PHOTO: AFP  -  649 words
    • Article
      Lock icon Australian state may sell Port of Melbourne
      209 24 Reuters [SYDNEY] Australia’s Victoria state government said it may sell Port of Melbourne, the country’s largest container and general cargo port, continuing a rush by states to sell major assets to fund new infrastructure projects. Victorian Treasurer Michael O’Brien said the government would
      Reuters  -  209 words
    • Article
      Lock icon Governing council set up for ATM research institute
      335 24 [SINGAPORE] A governing council has been established for Singapore’s first Air Traffic Management Research Institute (ATMRI), which is being jointly developed by the Civil Aviation Authority of Singapore (CAAS) and the Nanyang Technological University (NTU). On Feb 5 last year, CAAS and
      335 words
    • Article, Illustration
      Lock icon UK’s budget airport plans premium lounge
      450 24 It aims to increase its traffic by luring world’s top airlines Bloomb erg [LONDON] London Stansted airport, Britain’s biggest low-cost terminal, will open its first premium lounge this year as its new owner seeks to establish the hub as a base for longhaul airlines.
      Bloomberg; PHOTO: BLOOMBERG  -  450 words
    • Article
      Lock icon SIA and Turkish Airlines expand codeshare accord
      316 24  -  By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Singapore Airlines (SIA) and Turkish Airlines are expanding their codeshare agreement, which will allow SIA to codeshare on Turkish Air-lines-operated flights beyond Istanbul to other destinations in Turkey, as well as to points in Africa, Europe, the
      316 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      331 24 CRYPTIC CROSSWORD Across 1 Kit is taken in by European and US politician in class (10) 6 On reflection, they show where to go for meat (4) 9 Passing star in ground with politician (10) 10 Cake with good sweetener (4) 12 Feared creature still on island (4) 13 Uninformed
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  • Article
    Lock icon SHIPPING TIMES
    1231 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3259 26 Transaction date: Mar 5 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 20 3.3 A-Sonic Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld C'vr 25.5 22
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      Lock icon SGX CATALIST
      316 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 37 22 t 3Cnergy 500 £> Is CTjj- n-j 'i'S 'SS: "3* 1 3*5 '5S3SS "=S 3§S ®SS 3"S5" 5' T®9ST 'S3S3S3"3'2'S3 g 5333^'
      316 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11598 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.18/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** China Opportunities'" 2 6821/ EM Local Ccy Bond 0 8832/ European Opportunities!" 1.3393/ Global Emerging Markets!" 1.7598/ China
      11,598 words
    • Article
      Lock icon GLOBALQUOTE
      242 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 $mil Company 52 35.5 Genting HK US$ US39.5 halt 40 40 2600.9 Sale 318 191 TanChongInt HK297 297 301 4.3 2.4 10 5981.3 DISCLAIMER: All information is published
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      Lock icon SGX ETF
      1125 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 $mil 121 108.3 ABF SG Bond ETF 113.7 -0.3 113.7 113.7 113.5 114 519 143 119 CIMB APAC Div 100S$D 124.8 -0.1 124.8 124.8 123.5 126 114.4
      1,125 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      689 28 Mar 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.95 *****.19 *****.63 Mar14 *****.00 *****.00 *****.00 *****.00 *****9 *****3 Jun14 *****.00 *****.00 *****.00 *****.00 410 8759 MSCI TAIWAN INDEX FUTURES SPOT 301.01 302.65 301.01 Mar14 301.00 303.30 300.40 302.30 ***** *****3 Apr14 300.90
      689 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Mar 4 Index Change Change Change Change Change Change World Preliminary 1194.1 1.4 0.8 1.2 1.4 1.3 0.9 EAFE Preliminary 953.1 1.6 -0.3 1.2 0.9 1.3 0.4 Europe Preliminary 1381.9 2.1 2.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Mar 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 5.492 0.653 6.961 55.448 103.873 0.917 9.606 2.935 1.068 93.813 40.186 1.139 9.654 0.796 27.194 29.027 0.538 0.897 Canada 1.006 5.527
      471 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Mar 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1418.00 1407.25 1422.25 1402.25 May 14 1423.00 1409.25 1425.75 1404.25 Jul 14 1396.50 1381.50 1398.00 1377.00 Aug 14 1345.00 1330.75 1346.75 1326.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Mar 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.88 -2.48 WTI (Near Mth) 103.21 -1.59 Dubai (1-Mth F) 105.91 -1.14 Tapis blend 114.79 -1.19 Minas 109.89 -0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.83 -1.17 Jet Kerosene 122.58 -1.21 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Mar 5 S$ Bid Offer 1-month 1.2696 1.2706 2-months 1.2695 1.2706 3-months 1.2695 1.2705 6-months 1.2693 1.2703 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 28 Mar-04 Mar-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1722.75 1675.25 3 months 1768.00 1721.00 Copper, Grade A(US$/tonne) Cash 7087.50 7013.00 3 months 7049.50 6968.00 Lead(US$/tonne) Cash 2111.75 2089.00 3 months 2137.00 2113.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon SIBOR
      34 28 Mar 5 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 28 Mar 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.56 5-Year NX*****W 2.5 01-Jun-19 105.29 105.35 105.30 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      141 28 Mar 05 GOLD(US$/oz) Mar 05 Mar 04 Hong Kong 1339.00 1343.00 Mar 04 Mar 03 London 1336.50 1353.71 1337.45 1354.28 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Mar 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123 54 5gm 348 272
      141 words
    • Article
      Lock icon PALM OIL
      59 28 Mar 5 Mar 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 14 2790.0 2831.0 2840.0 2790.0 209 1147 Apr 14 2860.0 2833.0 2868.0 2824.0 494 ***** May 14 2838.0 2834.0 2868.0 2825.0 ***** ***** Jun 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Mar 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1386 1.1400 0.8968 0.8972 Canadian dollar 1.1458 1.1473 0.9029 0.9025 Euro 1.7435 1.7450 1.3733 1.3734 NZ dollar 1.0661 1.0674 0.8397 0.8401 Sterling pound 2.1166 2.1186 1.6671 1.6674
      155 words
    • Article
      Lock icon LIFFE
      94 28 Mar 4 COCOA (£/tonne) Close Prev High Low Mar 14 1828 1814 1832 1812 May 14 1844 1825 1846 1823 Jul 14 1847 1825 1848 1823 Sep 14 1842 1820 1843 1820 COFFEE(US$/tonne) Close Prev High Low Mar 14 2111 2155 2184 2112 May 14 2077 2098 2136 2072
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1135 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 Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB eCW*****1 2 0.2 210 1 Ascendas Reit MB ePW*****1 1.1 0.2 200 1 Asiatic Grp(Hldgs)
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Mar 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.166 1.111 Can dollar 1.166 1.122 Euro 1.785 1.700 Sterling pound 2.153 2.071 NZ dollar 1.089 1.048 US dollar 1.295 1.234 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      153 28 Mar5 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.07 US$ Offer Bid 7 days 0.20 0.10 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12 months
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  • PROPERTY
    • Article, Illustration
      Lock icon 84, and on a second wind
      1704 29  -  LA developer who thought of suicide during the ’90s recession has US$600m of projects in hand, saysNADJA NADJA BRANDT Bloomberg [LOS ANGELES] T 84, Los Angeles developer Jerry Snyder has US$600 million of projects under construction or planned, including two apartment towers in the
      Bloomberg; PHOTO: BLOOMBERG  -  1,704 words
    • Article
      Lock icon Househunt
      663 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN JAN 22 AND JAN 28, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 22/01/2014 99 2691 7320 2720 V On Shenton
      663 words
    • Article, Illustration
      Lock icon China buyers to prop up Aussie home prices
      453 30 Investment over next seven years can push home prices even higher: study AFP [SYDNEY] Wealthy Chinese will pour A$44 billion (S$50 billion) into Australian real estate over the next seven years, potentially pushing prices in one of the world’s most expensive housing
      AFP; PHOTO: BLOOMBERG  -  453 words
    • Article, Illustration
      Lock icon Record UK supermarketleased property bought
      314 30 Investors bought £1.8b last year, 50% more than in 2012 Bloomberg [LONDON] Investors bought a record £1.8 billion (S$3.82 billion) of property leased to UK supermarket operators such as Tesco and J Sainsbury last year, 50 per cent more than in 2012, as they sought
      Bloomberg; PHOTO: AFP  -  314 words
    • Article
      Lock icon Sojitz plans to list Reit in April
      305 30 Bloomberg [TOKYO] Sojitz Corp, the Japanese trading house that operates malls near the nation’s capital, is preparing an initial public offering of some of its property assets on the Tokyo Stock Exchange as early as April, three people with knowledge of the matter
      Bloomberg  -  305 words
    • Article
      Lock icon Al Salam Bank launches syariahcompliant Reit
      236 30 Reuters [MANAMA] Bahrain’s Al Salam Bank has launched a listed syariah-compliant real estate investment trust (Reit) that will invest in a portfolio of Asian properties, the lender said on Tuesday. The Reit will invest in between 15 and 35 properties and be managed by
      Reuters  -  236 words
    • Article, Illustration
      Lock icon Super premiums for top floors of HK office towers
      440 31 Investors willing to pay more for them than equivalent space in Manhattan Bloomberg [LONDON] Investors are willing to pay more than twice as much for offices on the upper floors of Hong Kong skyscrapers than for equivalent space in Manhattan, broker
      Bloomberg; PHOTO: BLOOMBERG  -  440 words
    • Article
      Lock icon Big hotel chains carry on despite political tensions
      543 31 Reuters [BERLIN] Tensions between Ukraine and Russia could delay hotel projects, and some development deals have been shelved, but the world’s biggest chains are less likely to be deterred as they seek to exploit rapid expansion in eastern Europe, specialists said. The
      Reuters  -  543 words
    • Article, Illustration
      Lock icon For-profit bodies revive closed hospitals as medical halls
      1286 31 NYT [NEW YORK] New Jersey has been losing hospitals for more than two decades; 26 have closed in that time, many in poor, urban neighbourhoods that are left with an empty shell where a hospital once stood. But in recent years, a
      NYT; PHOTO: NYT  -  1,286 words
  • Page 29 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      25 30 BRAND NEWLIGHT INDUSTRIAL AT ALJUNIED 5-min walk t o Paya Lebar MRT Excellent location Surrounded by amenities Dominic Peters 9825 2101 R*****1G www.savills.com.sgAgency No. L*****88B
      25 words
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      Lock icon Page 30 Advertisements Column 2
      130 30 For Sale O by Public Tender in Singapore SERANGOON CT Q LORONG CHUAN BUS INTERCHANGE o'- MRT NEX SHOPPING CTR For sale 7 Cotswold Close, Singapore *****6 Open House Fri Sat, 21 22 March 2014 10am to 12noon, 1 pm to 4pm Tender Documents Available from 70 Barker Road, #03-01
      130 words
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      Lock icon Page 30 Advertisements Column 3
      339 30 EXCLUSIVE KNIGHT FRANK EVENT US 1 m min" 'Buying into London Capital's Next Business District!' Seminar Talk on London Market Outlook, Bank Loan Project Details DATE Si VENUE 8th March 2014, Saturday (1pm 6pm) 491B River Valley Rd, Valley Point, #07-02, Singapore *****3 (Light refreshments will be provided) Suites, 1,
      339 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      41 31 Spottiswoode Suites Attractive Package Exclusive 183 FREEHOLD Units 1+Study 3-Brm Duplex Penthouse 36-Storey, Full Facilities, City Sea View CALL NOW FOR APPOINTMENT Chris Wang 9794 7926 (CEA Reg No: R*****4E) DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence No: L*****01G
      41 words
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      Lock icon Page 31 Advertisements Column 2
      91 31 HDB SHOPHOUSE SHOP FOR SALE BY TENDER CLEMENTI CENTRAL JURONG GATEWAY •Strata Area: 2,668 sq ft •Balance term approx. 70 years •Near Jurong MRT Bus Interchange, JCube, Jem, Westgate, future hotels at Lakeside. Foreigners eligible, subject to HDB’s approval •Strata Area: 2,142 sq ft •Balance term approx. 65 years •Near
      91 words
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      Lock icon Page 31 Advertisements Column 3
      119 31 LU -I < to QC 0 LL OWN A LEGEND! Foreigners can buy commercial conservation hotel building A Special Opportunity. A rapturous conservation hotel in the heart of the city. An upmarket boutique heritage building with a stable anchor tenant. attractive long term 3.7% return foreigners can buy outright no
      119 words
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      Lock icon Page 31 Advertisements Column 4
      140 31 3 53 ■S 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 the following types of assets: 3 4 Star Hotels Office Commercial
      140 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      509 32 RUPERT STREET SOHO LONDON W1 LONDON LIVE LIVE SfflH A stylish selection of studio, one two bedroom apartments RIGHT IN THE OF LONDON Prices from £52^100 w.' r > Pi p Buckingham Palace y-'fw- v iarc W®®$t» V V ivm r a—• HEART Pall Mall Park St James's ■'•■yv V
      509 words