The Business Times, 7 April 2016

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Total Pages: 61
1 22 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, April 7, 2016
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  • 154 1 workers, employers and the government should work together to ensure that Singaporeans remain employable well into the future, says Finance Minister Heng Swee Keat. TOP STORIES 2 In the wake of the Panama Papers leak, banks here say they do not let clients hide behind anonymous structures to
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  • 963 1  -  Finance minister calls on Singaporeans to overcome challenges, innovate and seize opportunities, given the limits to government intervention SINGAPORE BUDGET 2016 By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE government must know when to step in and when to step back, so as to avoid
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  • 895 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DISRUPTIVE technology may be shaking up the property valuations space, but the incumbents have sounded a note of caution to the use of compu-ter-generated valuations. The Singapore Institute of Surveyors and Valuers (SISV) on Wednesday stated categorically that it does
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  • 27 1 Wednesday Change STI 2,811.25 +10.33 KL COMP 1,717.01 -1.07 NIKKEI 225 15,715.36 -17.46 HANG SENG 20,206.67 +29.67 SHENZHEN B 1,142.24 -4.86 DOW (11.45AM EDT) 17,680.64 +77.32
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  • Page 1 Advertisements
    • 238 1 *****1 *****1 THE BUSINESS TIMES Opportunistic investors may stop the waiting and start scouring for gems in the property market. Find out more in the PROPERTY SUPPLEMENT. With The Business Times today. IWC ENGINEERED FOR MEN. Big Pilot’s Watch. Ref. 5009: Leaning heavily on the first Pilot's Watches and at
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    • 26 1 HOCK LOCK SIEW Disclosure needed for personal stock pledges by key shareholders companies markets 6 CASHLESS SOCIETY Is S’pore ready to go cashless with NIRP? OPINION/38
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    • 13 1 JAPANESE ECONOMY Yen jumps after Abe speaks against ‘arbitrary intervention’ TOP STORIES 4
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  • TOP STORIES
    • 628 2  -  Approaches must be targeted and measured, and not undermine spirit of self-reliance SINGAPORE BUDGET 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilun Singapore WORKERS, employers and the government should work together to ensure that Singaporeans can remain employable well into the future. This
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    • 378 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE support the government gives to working mothers so they can juggle parenthood commitments extends beyond tax reliefs, so those who are affected by the new cap of S$80,000 should view it in the right mindset,
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    • 675 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Home Team wants to expand its use of intelligence and investigation tools, and it will make better use of available data in Singapore to combat the growing threat of terrorism and
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    • 604 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE prospects for Singapore’s legal sector are dependent on the economy and it will be impacted as the rate of economic growth declines. But lawyers here will still have opportunities to tap even in a downturn, said
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    • 467 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government will work with building owners and event organisers here to help them manage their costs when it comes to having tighter security measures in place. Senior Minister of State for Home Affairs Desmond
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    • 630 4  -  It hits 18-month high even as Cabinet official says Tokyo will track forex market and do the needful By Anthony Rowley btworld@sph.com.sg Tokyo FOREIGN-exchange markets were thrown into confusion and some alarm on Wednesday, as the yen jumped to an 18-month high
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    • 747 4  -  B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Hong Kong GIVEN the current political climate in the United States, it will be very difficult for the Trans-Pacific Partnership (TPP) to pass Congress, say two top political observers, one each from
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    • 991 5  -  Singapore could benefit from smart money’s flight from ‘dodgy’ to quality jurisdiction PANAMA FILES By lisen@sph.com.sg Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore AS the storm unleashed by the Panama Papers leak continues, banks here say they do not let clients hide behind anonymous
      Source: ICIJ  -  991 words
    • 404 5  -  By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) premiums for passenger cars inched up on Wednesday as demand from replacement buyers continues to be strong, say dealers. Category A, for cars below 1,600cc and 130 hp, rose S$505 to S$46,009; Cat B, for
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    • 289 5  -  By Renald Yeo yrenald@sph.com.sg Singapore SELECT users of ride-hailing service provider Uber will now be able to pay for their rides in cash, as the company departs from its card-only payment policy in Singapore. The move, an experiment available in more than 40 other
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    • 737 5  -  By Neil Behrmann btworld@sph.com.sg London PROSECUTORS and ministers in the US, Germany, France, Spain, the Netherlands, Austria, Australia, New Zealand, Brazil and other nations have launched investigations into alleged tax evasion and money laundering in Panama. The data leak, claimed to be computer
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  • Page 4 Advertisements
    • 98 4 Abe’s comments keep yen in bullish shape, Page 9 In The Future, My Company Will Be... Ans: If you have been relevant and adapting to changes, you belong to the elite league of 50 future-ready enterprises that deserve to he honoured in the 2016 E50 Awards. Submit your entry online
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  • Page 5 Advertisements
    • 92 5 Degussa GOLD UND SILBER. WE WANT YOUR GOLD. With our rich experience in precious metals trading across Europe, you can be confident that you will receive one of the best prices for your gold bars, coins or jewellery. Make an appointment for a private valuation by our experts today. DEGUSSA-PM.SG
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  • COMPANIES & MARKETS
    • 629 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT THE spectacular crash in the shares of property company OKH Global last month raises a pertinent issue regarding disclosure of shares pledged by major shareholders for private loans. When the stock lost 80
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    • 547 6 WP Washington NOKIA will reduce as much as 14 per cent of its workforce, cutting jobs across the globe as part of a plan to save more than US$ 1 billion annually following its merger with networking hardware
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    • 436 6  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Telecommunications Ltd (Singtel) has entered into a strategic partnership with satellite operator Inmarsat to enhance maritime cyber security using Trustwave’s Unified Threat Management (UTM) solution. Trustwave, which was recently acquired by Singtel, is the
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    • 478 6  -  HOT STOCK By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ASCENDAS Hospitality Trust (AHTrust) shares plunged 14 per cent five minutes into trading on Wednesday, after the hotel owner said it has rejected several potential takeover bids. The stock ended off its day’s low but
      Source: Bloomberg  -  478 words
    • 280 6  -  By Renald Yeo yrenald@sph.com.sg Singapore RESTAURANT reservation startup The Chope Group has acquired its Indonesian equivalent MakanLuar, the Singapore-based company said on Wednesday. The deal widens Chope’s reach with the addition of Jakarta, Bali and Bandung to eight cities and 1,300 clients, the company added.
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    • 690 7 BLOOMBERG Singapore THE world’s two biggest builders of oil rigs saw their stocks rise the most in more than two years last month as crude rebounded. But investors looking for more gains shouldn’t get their hopes up just
      BLOOMBERG  -  690 words
    • 405 7  -  Contract from Modec Offshore worth over 500m reais clinched through Keppel FELS Brasil By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Offshore Marine's subsidiary Keppel FELS Brasil has won an FPSO project worth more than 500 million reais (S$ 190 million) from its repeat customer
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    • Article, Illustration
      63 8 STI Catalist Straits Times index April 6,2016 2,811.25 +10.33 (+0.37%) Current streak 1 day Day high 2,817.42 Day low 2,788.80 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index April 6,2016 453.89 +4.77 (+1.06%) Current streak 1 day Day high 455.24 Day low
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    • 74 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5250 73.1 1.0 6246/4478 DBXT MSMSIA US$ 1210 36.6 2.3 1411/990 DBXT MSASPAC US$ 340 32.5 7.6 412/301 Prudential USD 1890 27.1 1.1 2500/1870 Hyflux 6% CPS ***** 20.0 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.4 300.0
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    • 73 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -86.7 -0.5 *****/***** Great Eastern 2183 -57.0 -2.5 2530/1870 JSH USD 2920 -47.4 -1.2 3576/2524 CIMBASEAN40 US$ 860 -20.3 -1.7 1019/700 Jardine C&C 3917 -20.0 -0.5 4258/2636 BY PERCENTAGE CLOSE DOWN 52w high/low CPH 0.4 -33.3 -0.2 1.2/0.3 SembMar MBeCW16
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    • 81 8 VOL CLOSE($) CHANGE Mermaid Maritime 47,230.4 0.136 +0.029 +27.10 Weiye 2,325.4 0.555 +0.105 +23.33 TSH 13,658.1 0.123 +0.020 +19.42 Ocean Sky Intl 1,042.7 0.074 +0.013 +21.31 Jadason 1,331.0 0.011 +0.002 +22.22 Blumont 5,596.0 0.002 +0.001 +100.00 China Taisan 69.9 0.070 -0.010 -12.50 Mirach Energy 11,202.3 0.152 -0.007 -4.40
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    • 637 8  -  Mermaid Maritime and Weiye Holdings rally in a relatively tame market session STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A 50-point rise in the June Dow futures helped trigger a bout of short-covering here that pushed the Straits Times Index up 10.33 points to
      Source: Bloomberg  -  637 words
    • 317 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 237 -3 240/236 271 209 6.2 6229.4 CapitaCom Trust 145 +0.5 145.5/144 179 122.5 5.9 4285.2 CapitaLand 302 cd unch 304/300 379 267 12.1 3 *****.2 CapitaMall Trust 211 +4 212/207 228
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    • 34 8 VOLUME Ezra 110,635,100 Noble 91,264,500 OKH Global 89,607,600 Spackman 55,407,500 Mermaid Maritime 47,230,400 Market volume 1,445,422,000 VALUE Singtel 75,832,079 HongkongLand USD 75,229,490 DBS Grp 54,995,980 UOB 46,120,230 Noble 38,594,439 Market value 932,474,000
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    • 109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 282 +2 201 282/280 355/254 281/282 IS MS INDIA US$ US651 -2 43 654/650 819/575 650/653 81.4 ABF SG Bond ETF 117 -1.4 26 118.5/117 119/110.2 117/118 534.1 Nikko AM STI ETF 287 +1
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    • 77 8 Apr 6 VALUE CLOSE BT OB/OS -136.00 +66.00 BT CADI -*****.00 +60.00 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 683.42 -0.17 FTSE ST Small Cap 393.97 +0.51 FTSE ST All Share 688.42 +1.66 FTSE ST China Top 162.92 +0.13 FTSE ST China 192.57 +0.95 FTSE
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index April 6,2016 688.42 +1.66 (+0.24%) Current streak 1 day Day high 689.74 Day low 684.50 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index April 5,2016 1,595.94 -31.30 (-1.92%) Current streak 1 day Day high 1,625.33 Day low 1,592.86 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 3 0 0 1 8 5 4 Manufacturing 42 38 25 10 5 12 52 43 37 Commerce 24 12 13 3 4 5 27 16 18 Tpt/Stor/Comms 18 7 4
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,343 1,675 19,018 57,869 355 58,225 Manufacturing 103,858 42,160 146,018 78,585 1,684 80,269 Commerce 131,564 30,000 161,564 82,811 1,152 83,964 Tpt/Stor/Comms 185,489 397 185,886 156,351 34 156,385 Finance 15,698 64 15,762 165,042 7 165,049 Construction
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    • BROKERS’ TAKE
      • 92 8 April 6 close: S$0.685 Target price: S$0.77 DBS Group Research, April 6 We downgrade our call to “hold” from “buy” after Ascendas Hospitality Trust (ASCHT) rejected the recent potential takeover offer. With the share price trading at our target price and unwinding of positions by investors
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      • 202 8 April 6 close: S$2.85 Target price: S$2.80 Maybank Kim Eng Research, April 5 We continue to believe that structural threats to its taxi business cannot be ignored despite resilient earnings so far. The fleet of private-hire cars is now more than a quarter of taxi fleet in
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      • 174 8  -  Compiled by Kenneth Lim April 6 close: S$7.64 Target price: S$7.16 CIMB Research, April 5 Singapore Exchange’s (SGX) share price has hit a recent high; we think the market is pricing in an overly optimistic outlook as recent volumes are unlikely to be sustained. Securities average daily
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    • 16 8 DATA IApril 7 (3am) US FOMC Meeting Minutes IApril 7 (8.30pm) US Initial Jobless Claims
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    • 457 9 CURRENCIES REUTERS London THE US dollar hovered near a 17-month low against the yen on Wednesday after taking a fresh knock overnight on comments by Japan’s prime minister that suggested Tokyo was cautious about reining in the yen’s rise. Expectations that minutes of
      REUTERS  -  457 words
    • FOREX RATES
      • 471 9 Apr 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 4.894 0.665 5.860 50.358 99.858 0.834 8.741 2.954 1.112 79.101 34.904 1.023 11.448 0.725 24.515 26.646 0.534 0.756 Canada 1.006 4.924
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      • 155 9 Apr 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0229 1.0239 0.7554 0.7556 Canadian dollar 1.0291 1.0302 0.7602 0.7600 Euro 1.5383 1.5399 1.1360 1.1364 NZ dollar 0.9198 0.9211 0.6793 0.6797 Sterling pound 1.9144 1.9167 1.4138 1.4144
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      • 22 9 Apr 6 S$ Bid Offer 1-month 1.3544 1.3556 2-months 1.3549 1.3561 3-months 1.3555 1.3567 6-months 1.3570 1.3584 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 207 9 Most active Apr 6 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10 -0.1 7825 0.1 1480 3 UOB MB eCW*****5 9 0.5 5284 0.1 1890 3 STI 2900 MB eCW*****0 4.7 0.2 4100 0.0 2
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Apr 5 Index Change Change Change Change Change Change World Preliminary 1226.5 -1.2 -4.0 -0.8 -6.8 -1.3 -2.6 EAFE Preliminary 909.9 -1.8 -10.2 -1.5 -11.0 -1.9 -7.0 Europe Preliminary 1302.0 -1.6 -7.8
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      • 393 9 Apr 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Apr16 9647.50 9662.50 9582.50 9620.00 *****4 *****6 May16 9525.00 9605.00 9525.00 9587.50 1194 4603 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep16 *****.00 *****.00 *****.00 *****.00 83 679 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Apr 6 $S Offer Bid 0vernight 0.04 0.02 1-month 0.7500 0.6250 2-months 1.0000 0.8750 3-months 1.0625 0.9375 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 1.05 12
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      • 65 9 Apr 6 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.24 99.26 99.26 5-Year NX*****X 2.250 01-Jun-21 103.7 103.95 103.70 10-Year NX*****Z 2.375 01-Jun-25 104.17 104.35 104.35 15-Year NZ*****F 2.875 01-Sep-30 107.47 20-Year NZ*****V 3.375 01-Sep-33 114.48 114.70 114.69
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    • AGRI METALS ENERGY
      • 250 9 Apr-5 Price Net change change Last Trade Agricultural Apr-5 CBOT Soybeans (US cents/bu) 904.75 -8.75 -0.96% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.99 -0.70 -2.02% 13/05/2016 CBOT Wheat (US cents/bu) 474.00 -0.75 -0.16% 13/05/2016 Apr-5 LIFFE Cocoa (£/tonne) 2132.00 24.00 1.14% 13/05/2016 LIFFE Coffee (US$/tonne) 1457.00 -17.00 -1.15%
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    • 502 10  -  27m shares, including public tranche of 1.5m shares, on offer at 22 Singapore cents each By Grace So graceso@sph.com.sg Singapore LOCAL cleanroom specialist Acromec has launched its Catalist initial public offering (IPO), offering 27 million new shares at 22 Singapore cents each. Acromec positions
      PHOTO: ARTHUR LEE  -  502 words
    • 1740 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 134.5 -3 173 136 134.5 1 8.2 854.6 MCap 175.5 101 ARA Asset Mgmt 115.5cd -1.5 648 116.5 114 1.7
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    • 290 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div 1 0.2 t Advanced Systems 0.3 +0.1 1800 0.4 0.3 7.9 Net MCap High LOW 19.9 9.5 t Anchor Resources 9.5 -0.9 3953 10.4 9.5 26.6 Sale
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    • 111 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1019 700 CIMBASEAN40 US$ US860cd -15 0 860 860 134.9 4258 2355 DBXT China50 US$ US2724 +5 4 2724 2700 7.5 High 399 190 DBXT MSBrazil US$ US276
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  • Page 6 Advertisements
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    • 19 6 T A version of this article first appeared on April 4 in the writer’s blog Write On the Money.
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  • Page 7 Advertisements
    • 662 7 as -**=5=?! S W! i K It* t If V V 0 y x r ACROMEC Invitation in respect of 27,000,000 New Shares comprising: (a) 1,500,000 Offer Shares at S$0.22 for each Offer Share by way of public offer; and (b) 25,500,000 Placement Shares at S$0.22 for each Placement Share
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  • Page 10 Advertisements
    • 1580 10 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 1565 10 OUHUA ENERGY HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OUHUA ENERGY HOLDINGS LIMITEDwill be held at Lotus Room, Peninsula Excelsior Hotel, 5 Coleman Street, Singapore *****5, on Friday, 29April 2016 at 2:00 p.m.
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  • EMERGING ENTERPRISE 2016
    • 1126 11  -  They have to develop novel solutions to serve untapped needs of customers, says Singtel executive. BY JACQUELYN CHEOK BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT IT’S no longer enough for SMEs (small and medium enterprises) to just value add, says Titus
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  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • Page 13 Advertisements
    • 5522 13 STARBURST HOLDINGS LIMITED (Company Registration No: *****9079E) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of STARBURST HOLDINGS LIMITED will be held at Bras Basah Room, Level 4, Raffles City Convention Centre, 80 Bras Basah Road, Singapore *****0 on Friday, 22
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  • REAL ESTATE
    • 673 14  -  Desa Kudalari, which is over 30 years old, commands indicative land values of RM2,000-RM3,500 psf: promoters By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA could see its maiden en masse sale if owners of the first high-end condominium
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    • 108 14 REUTERS Paris ACCORHOTELS, Europe’s largest hotel group, said on Tuesday it bought British high-end serviced home rental company onefinestay as it fights the rising challenge of online home-shar-ing company Airbnb and booking websites like Expedia. The world’s fifth-largest hotel group, undergoing a reorganisation initiated
      REUTERS  -  108 words
    • 471 14  -  Current pre-commitment level at Guoco Tower is about 18%; negotiations with more companies in final stages, says group By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore GUOCOLAND has announced some new tenants that it has clinched for Guoco Tower, the 890,000 square
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    • 904 15  -  Outlook for prices over medium-term remains supportive; buyers increasingly seeking value outside central zones By Adam Challis T The writer is head of residential research at JLL UK THE UK residential market is in healthy condition as we enter the important spring
      Source: JLL  -  904 words
    • 301 15  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CAPITALAND’S wholly owned serviced residence business The Ascott Limited has signed contracts for the management of its first two serviced residences in Al Khobar, one of the main cities in the oil-rich eastern
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    • 1001 15  - Singapore a small landscape with a large vision for data centres The Republic is leading some large neighbours in the region in the race to the top in terms of market size By Paul Dwyer, George Rigby, Lynus Pook T Mr Dwyer and Mr Rigby are associate directors of the
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    • 733 16  -  It is a key driver for international visitation in the region, and, if done correctly, can add value to local economies By Govinda Singh T The writer is regional director of hospitality and gaming, Asia Pacific at Cushman Wakefield SIGNIFICANT and perhaps lasting changes
      PHOTO: REUTERS  -  733 words
    • 1205 16 Property transactions for districts 1 to 28 with contract dates between Feb 24 and March 1,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 26/02/2016 99 678 1000 1475 District 2 NON-LANDED Craig
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  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 17 15 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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    • 104 15 5 Keng Chin Road FREEHOLD Land Size: 808.9 sqm (8706.9 sqft) Frontage: 44m (Est.) 500m to Stevens MRT Station (Est.) Within 1 KM to SCGS and ACS (Pri) Redevelopment Potentials (Subject to URA approval): 2 Bungalows 1 Bungalow 2 Semi-Detached 4 Semi-Detached 4 Terraces For further information, please contact EXCLUSIVE
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    • 26 15 T-SPACE@ Tampines Industrial Next to GIANT/COURTS/IKEA CEA Reg no. R*****9B Strata size 1636 to *****sqft From $18xpsf 20ft container access AGNES TAN9026 5812 Lic No: L*****99K
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    • 228 15 Japan Real Estate Investment OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy Real Estate
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  • BANKING & FINANCE
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    • 2066 18 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 2242 18 HENGYANG PETROCHEMICAL LOGISTICS LIMITED (Incorporated in Singapore on 23 April 2008) (Registration Number: *****7923K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hengyang Petrochemical Logistics Limited (the “Company”) will be held at Sunflower Room 1, Level 1, The Chevrons, 48 Boon Lay Way
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    • 2298 19 ZICO HOLDINGS INC. (Company Registration No. LL*****) (Incorporated in Labuan, Malaysia) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of ZICO HOLDINGS INC. (the “Company”) will be held at Blackboard Whiteboard Room, Level 3, Carlton City Hotel, 1 Gopeng Street, Singapore *****2 on
      2,298 words

  • ENERGY & COMMODITIES
    • 710 20  -  Project still at risk of further delays mainly due to a lack of access to financing, say sources By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MALAYSIA’S pilgrim fund-sponsored TH Heavy Engineering (THHE) is understood to have been granted one more
      710 words
  • Page 20 Advertisements
    • 2111 20 NOTICES T O LL FREE 1 800 2 89 88 22 I E m a il n o ti ces s p h co m s g I www s p h c l ass co m s g n o ti ces (mtraco) INTRACO LIMITED (Incorporated in Singapore) (Co.
      2,111 words
    • 1907 20 TAT SENG PACKAGING GROUP LTD (Company Registration No. *****2806M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tat Seng Packaging Group Ltd (the “Company") will be held at 348 Jalan Boon Lay, Singapore *****9 on Friday, 22
      1,907 words

  • Page 21 Advertisements
    • 3537 21 A m I t^nouft REGAL INTERNATIONAL GROUP LTD. (Company Registration No. *****8585R) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Regal International Group Ltd. (“Company") will be held at 6 Battery Road #10-01 Singapore *****9 on Friday,
      3,537 words
    • 2411 21 4 HANWELL V> holdiN6S^4 HANWELL HOLDINGS LIMITED Company Registration No. *****0888M (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Second Annual General Meeting of Flanwell Holdings Limited (the "Company") will be held at 348 Jalan Boon Lay, Singapore *****9 on Friday,
      2,411 words

  • TECHNOLOGY
    • 586 22 But move to step up privacy may lead to conflicts with law enforcement agencies AFP Washington THE popular messaging service WhatsApp said on Tuesday it had implemented “full end-to-end encryption”, a move which steps up privacy but may lead to conflicts with law enforcement agencies.
      AFP  -  586 words
  • Page 22 Advertisements
    • 2055 22 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      2,055 words
    • 1863 22 NOBEL NOBEL DESIGN HOLDINGS LTD Company Registration No. *****4591E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of NOBEL DESIGN HOLDINGS LTD (the “Company”) will be held at 16 Tai Seng Street, Level 7, Singapore *****8 on Friday,
      1,863 words


  • CONSUMER
    • 690 24 About 100 people will be dismissed under the new rules NYT New Delhi EXPRESSING concern about foreign influence on its policies, India is turning away from a decades-old practice of filling gaps within its health system with consultants hired by foreign aid agencies
      NYT  -  690 words
    • 492 24 REUTERS Los Angeles WALT Disney Co chief executive Bob Iger could be asked to postpone his retirement a third time to help smooth the transition to a new leader of the storied media company, analysts suggested after Monday’s surprise
      REUTERS; PHOTO: BLOOMBERG  -  492 words
  • Page 24 Advertisements

  • Page 25 Advertisements
    • 16 25 NOTICES Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
      16 words
    • 1954 25 (Incorporated in the Republic of Singapore on 20 October 2010) (Company Registration Number: *****2364R) N OT I C E O F E X T R AO R D I N A R Y G E N E R A L M E E T I N G NOTICE IS HEREBY
      1,954 words


  • GOVERNMENT & ECONOMY
    • 299 27 Statement shifts blame away from rampant use of antibiotics in veterinary medicine BLOOMBERG New Delhi DOCTORS, unlicensed medical practitioners and illicit drug sales are the main culprits behind antibiotic resistance in India, the country’s agriculture ministry said in a statement that
      BLOOMBERG  -  299 words
    • 914 28 The country’s export engine is sputtering, while business confidence is eroding amid slowdown elsewhere NYT Frankfurt CHINA is cutting back on mining machinery as its economy slips. The United Arab Emirates and other Middle Eastern countries are no longer awash in oil money,
      NYT  -  914 words
    • 215 29 BLOOMBERG Berlin GERMANY is on a collision course with the European Commission over enforcing bank-fail-ure rules the European Union introduced two years ago to end an era of taxpayer bailouts. The finance ministry in Berlin is warning against “watering down” the
      BLOOMBERG  -  215 words
  • Page 27 Advertisements
    • 5280 27 NOTICES TOLL FREE 1800 289 8822 I E ma il no ti ces s p h com s g I www s p h c l ass com s g no ti ces YHI INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore Company Registration No. *****7455H) NoticeofAnnualGeneralMeeting NOTICE IS HEREBY
      5,280 words


  • Page 29 Advertisements
    • 2374 29 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
      2,374 words
    • 2637 29 REX INTERNATIONAL HOLDING LIMITED (the “Company") Company Registration No. *****1242M (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in this Circular dated 7 April 2016 issued by the Company. NOTICE IS HEREBY GIVEN
      2,637 words

  • Page 30 Advertisements
    • 3664 30 Food Etvipire FOOD EMPIRE HOLDINGS LIMITED (Company Registration No. *****1282G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Food Empire Holdings Limited (“the Company”) will be held at Carlton Hotel, Empress Ballroom 4 5, Level 2, 76
      3,664 words
    • 990 30 NOTICES SWISSCO HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4711D) (the “Company”) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as ascribed to them in the circular dated 7 April 2016 issued by Swissco Holdings Limited (the
      990 words

  • Page 31 Advertisements
    • 1291 31 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices RICKMERS MARITIME (A business trust constituted under the laws of the Republic of Singapore) Trustee Manager Rickmers Trust Management Pte. Ltd. NOTICE OF ANNUAL GENERAL
      1,291 words
    • 2241 31 CITYNEON HOLDINGS LIMITED (Company Registration No. *****3628E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cityneon Holdings Limited (the “Company”) will be held at 84 Genting Lane, #06-01 Cityneon Design Centre, Singapore *****4 on Friday 22 April
      2,241 words


  • Page 33 Advertisements
    • 4 33 THE BUSINESS TIMES NOTICES
      4 words
    • 3520 33 ANCHUN INTERNATIONAL HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****0277C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Anchun International Holdings Ltd. (the “Company”) will be held at Lower Level, Shenton Room, M Hotel, 81 Anson Road Singapore *****8
      3,520 words

  • Page 34 Advertisements
    • 3811 34 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices UNI-ASIA HOLDINGS LIMITED Registration No: CR ***** (Incorporated in the Cayman Islands with limited liability on 17 March 1997) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Uni-Asia Holdings Limited (the “Company”)
      3,811 words
    • 47 34 BRAND KOHLI He is India’s hottest sports star with deals worth Rs100 crores and counting Singapore residents join British Indian from Woodlands to Sentosa as he makes his way on foot from Wales to Australia GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      47 words

  • Page 35 Advertisements
    • 1457 35 NOTICES SINOTEL TECHNOLOGIES LTD. (Company Registration Number: *****4275R) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of SINOTEL TECHNOLOGIES LTD. (the “Company”) will be held at 112 Robinson Road #12-04 Singapore *****2 on Friday, 29 April 2016
      1,457 words

  • TRANSPORT
    • 519 36  -  Malaysia Airlines, AirAsia may be hit hardest; passengers could face higher fares B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MALAYSIA’S Department of Civil Aviation (DCA) is planning to drastically raise the fees payable by airlines for aviation services. This could lead to higher fares
      519 words
    • 514 36  - Air France KLM chief to resign, become Iata chief Airline group reportedly looking to name replacement by Aug 1 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore THE International Air Transport Association (Iata) has announced that Air France-KLM’s chairman and chief, Alexandre de Juniac, will take over as Iata’s next chief
      PHOTO: AFP  -  514 words
    • 520 36 REUTERS London IF Britain votes to leave the European Union, the country’s shipping sector faces years of disruption as trade agreements get reworked and currency volatility leads to higher costs at a time when the industry is battling its worst global
      REUTERS  -  520 words
  • Page 36 Advertisements

  • Page 37 Advertisements
    • 920 37 THE BUSINESS TIMES Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
      920 words

  • OPINION
    • 564 38 EDITORIAL LET us call a spade a spade. With higher incomes among the wealthy, the six-figure tax reliefs claimable by high-income mothers from the Working Mother’s Child Relief (WMCR) has become a significant tax loophole that needed to be fixed in
      564 words
    • 756 38  -  THE BOTTOM LINE By David Marsh T The writer is managing director at the Official Monetary and Financial Institutions Forum OMFIF Vientiane DURING a panel discussion on April 3 in Vientiane on growth in the Asian economy, I asked Tarisa Watanagase, a former
      OMFIF  -  756 words
    • 1552 38  -  Advances in cashless payment technology here have expanded the space in which interest rates can be reduced without causing disruptions in consumer banking. BY XIE TAOJUN banking.BY XIE TAOJUN T The writer is a research fellow at the Sim Kee Boon Institute
      PHOTO: DIOS VINCOY JR / THE STRAITS TIMES  -  1,552 words
    • 1141 39  -  COMMENTARY By Andrés Velasco T The writer, a former finance minister of Chile, is professor of professional practice in international Development at Columbia University PROJECT SYNDICATE Santiago IT was the kind of politics Brazilians thought they had left behind: One day, the
      PROJECT SYNDICATE  -  1,141 words
    • 548 39  -  By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington TRUMPANOMICS doesn’t compute. The media keep piling on Donald Trump, because he keeps saying things that are controversial, impractical, undesirable and in some cases simply impossible. Into this last category has now tumbled
      THE WASHINGTON POST WRITERS GROUP  -  548 words
    • 1366 39  -  Loss in the Wisconsin primary suggests Trump has reached a tipping point By Leon Hadar Washington WHEN the story of the 2016 presidential campaign is written, historians would probably ponder the “hat if?” scenario in which Republican candidate Donald Trump actually won
      PHOTO: BLOOMBERG  -  1,366 words


  • LIFE & CULTURE
    • 625 40 Jaan’s chef de cuisine beats rivals to represent S-E Asia in the S Pellegrino Young Chef finals BLOOMBERG London ONE of the leading chefs in South-east Asia is a millennial Briton who started by washing dishes in a pub
      BLOOMBERG  -  625 words
    • 775 40 REUTERS Mumbai INDIA’S all-singing, all-dancing movie hits capture the attention of hundreds of millions of fans but they generate precious little in box office profits for the world’s largest cinema industry. Now, with smartphone sales booming and India preparing for nationwide
      REUTERS; PHOTO: REUTERS  -  775 words
    • 719 40 Chinese tycoon snags painting after 50 minutes of intense bidding; rare blue diamond sold for US$31.8m REUTERS AFP Hong Kong A PAINTING by Chinese artist Zhang Daqian sold for nearly US$35 million at an auction in Hong Kong on Tuesday, the highest price
      REUTERS; AFP; PHOTO: REUTERS  -  719 words
  • Page 40 Miscellaneous
    • 313 40 CRYPTIC CROSSWORD Across 1 Earthenware pot bishop brought into model prison? (4-3) 5 Policeman in charge on board tender (7) 9 Red-haired man, fine American attached to game (5) 10 A speech about daughter’s deep love (9) 11 Perfectly at home always? Surely not! (4,1,5) 12 Tooth extractor? Surgeon, at
      313 words

  • PROPERTY 2016
    • 349 1  -  LYNETTE KHOO T was clearly not a champagnepopping moment for property players when Budget 2016 was unveiled, offering no reprieve from existing cooling measures. Realistically, one should expect this stalemate to continue for a large part of this year, though the government may undertake
      349 words
    • 1787 2  -  Despite overall decline in housing demand over the past few years, there is still a visible level of sales activity in the high-end segment. BY HAN HUAN MEI, JOSEPH TAN T The writers are respectively associate director at CBRE Research and executive director of
      1,787 words
    • 1326 2  -  By Tay Kah Poh, Alice Tan, Debbie Lam T Tay Kah Poh is executive director and head of residential; Alice Tan is director and head of consultancy and research; and Debbie Lam is consultancy and research manager at Knight Frank. AN expected 21,906
      Source: URA, REALIS, Knight Frank Research  -  1,326 words
    • 1140 4  -  By Eugene Lim, Seah Yao Hui T The writers are respectively key executive officer and research analyst at era Realty Network Pte Ltd. STATISTICS from the Housing and Development Board (HDB) are increasingly pointing to a stabilising resale market. For the whole of
      1,140 words
    • 1121 6  -  They are sought after for their uniqueness and exclusivity. BY HARVEY CHIA T The writer is director of capital markets and investment services at Colliers international. Good class Bungalows (GCBs) are often described as the crème de la crème of the Singapore real estate market. With
      Source: Colliers International Singapore Research/URA/SISV Realink  -  1,121 words
    • 1027 6  -  By Wong Xian Yang T The writer is senior manager for research and consultancy at OrangeTee.com. LANDED home prices fell by 1.8 per cent in Q4 2015, marking the ninth consecutive quarter of price declines. Overall landed home prices have fallen by about
      Source: URA, OrangeTee Research  -  1,027 words
    • 1518 8  -  A growing pool of potential buyers bodes well for the long term. term.BY NICHOLAS MAK AND KIM HUYNH T Nicholas Mak is executive director of SLP International; and Kim Huynh, an analyst at SLP International Research Consultancy. Since the government raised the income ceiling
      Source: SLP Research, URA, RLB  -  1,518 words
    • 738 8  -  By Adeline Loh THE latest workplace designs are all about creating “living” spaces that take the well-being of your employees seriously. By making people “feel at home” in the office, designers are optimising productivity with functional, and turning the workplace into a more
      PHOTO: HAWORTH  -  738 words
    • 655 8  -  But these homes will appeal to buyers looking for affordable landed units boasting exclusivity and facilities. BY WONG XIAN YANG AND CELINE CHAN BY WONG XIAN YANG AND CELINE CHAN T Wong Xian Yang is senior manager for research and consultancy; and Celine Chan
      Source: URA, OrangeTee Research  -  655 words
    • 1132 10  -  The sectors contributing to occupier movement include e-commerce firms, Asian financial institutions and pharmaceutical companies. companies.BY DESMOND SIM T The writer is head of CBRE Research for Singapore and South-east Asia. LAST year, the benign economy weighed on office leasing demand. Much of the leasing
      Source: CBRE; FILE PHOTO  -  1,132 words
    • 1310 10  - Tech companies the future drivers of office space demand The government’s active backing of technology growth, along with healthy venture capital interest, is likely to help reinforce Singapore’s attractiveness to technology tenants. BY ANTHEA TO tenants.BY ANTHEA TO T The writer is senior associate director of research and advisory at
      Source: Colliers International Singapore Research/Bloomberg; Source: Colliers International Singapore Research  -  1,310 words
    • 1176 14  -  But retailers have to improve efficiency and mall operators need to continue to reinvent their concepts and positioning. BY ALICE TAN AND WONG SHANTING BY ALICE TAN, WONG SHANTING T Alice Tan is director and head of consultancy and research; Wong
      PHOTO: BLOOMBERG; Source: Knight Frank Research  -  1,176 words
    • 1082 14  -  Investors should focus on their objective immediate cash flow, stable income or ownership. ownership.BY NICHOLAS MAK, LINH TRAN T Nicholas Mak is executive director at SLP International; and Linh Tran, an analyst at SLP international Research and Consultancy. CONDITIONS back in
      Source: SLP Research, URA  -  1,082 words
    • 1522 16  -  Trend is due to shrinking living spaces, rising consumerism and higher business space rental costs. BY TAN BOON LEONG, ALICE TAN T The writers are respectively executive director and head of industrial, and director and head of consultancy and research at Knight Frank. WITH
      1,522 words
    • 952 16  -  By Steven Ming, Alan Cheong TThe writers are respectively managing director for investments and residential services, and senior director of research at Savills Singapore. THE first quarter of 2016 saw wild swings in the local and global bourses and market volatility is expected
      PHOTO: CDL  -  952 words
    • 1141 18  - Malaysia a long-term property play Political uncertainties and sluggish economic outlook are not hurting genuine demand for housing in selected cities. BY ESTEE HEW, CHUA YANG LIANG TThe writers are respectively senior manager at JLL Malaysia, and head of South-east Asia research at JLL. MALAYSIA property market has witnessed a
      FILE PHOTO; Source: JLL  -  1,141 words
    • 851 18  -  By Tony Tony Crabb TThe writer is national head of research at Savills Australia. AUSTRALIA’S population growth is among the strongest and most rapid in the world, resulting in an increasing demand for residential property, retail goods and business services. This then feeds into logistics,
      Source: Savills  -  851 words
    • 1205 20  -  Smart technologies can be applied at all levels: from the individual to the city. BY SCOTT DUNN T The writer is vice-president, strategy and growth, South-east Asia at AECOM. CITIES have never been more important, nor the competition among them more intense. Recently, the United Nations Development
      PHOTO: CAPITALAND  -  1,205 words
    • 955 20  -  By Yeow Chee Keong, Chen voon Hoe T Yeow Chee Keong is real estate industry leader; and Chen Voon Hoe is accounting advisory leader at PwC Singapore AFTER nearly five years of deliberation, the International Accounting Standards Board (IASB) issued the revised
      955 words
    • 1233 20  -  Continued global economic and political uncertainty is expected to continue. continue.BY GOVINDA SINGH T The writer is regional director of hospitality and gaming, Asia-Pacific at Cushman Wakefield. FOR hotels across Asia-Pacific, 2015 was a mixed year as performance remained strongly correlated
      Source: STR Global  -  1,233 words
  • Page 1 Advertisements
    • 429 1 inside Good time to acquire prime property GCBs keeping their allure Opportunities in the office market Stable demand for prime retail space in tough climate Malaysia a long-term property play Creating 'smart cities' 2 6 10 14 18 20 Principal Garden A premium space. Where space is truly a premium.
      429 words



  • Page 4 Advertisements
    • 308 4 DEDICATED TO CREATING A MASTERPIECE A 1 A r •■I rnr r m r r 2St ASIA PACIFIC PROPERTY AWARDS ARCHITECTURE 2014-2015 RIVERBANK FERNVALE Winner of South East Asia Property Awards (Best Mid-range Condo Development) Good investment opportunities with future plans at Seletar Aerospace Hub Near Seletar Aerospace Park future
      308 words


  • Page 6 Advertisements
    • 39 6 err,.vox *4% m r,-,: wm ■i-'t-'-V Netzach Wood Veneers Pte Ltd 10 Admiralty Street Northlink Building #01-31 Singapore *****5 Tel: 6555 7679 Fax: 6318 7618 Email: enquiry@netzach.com.sg www.netzach.com.sg jCS FSC 035-116 Made from Renewable/ Sustainable Materials »l m tv5
      39 words

  • Page 7 Advertisements
    • 272 7 YOUR SPACE in the city awaits. Welcome to Marina One Residences, set to take its place as the epicentre of Singapore’s Central Business District. As the newest and most prestigious address in Marina Bay, here is where you can live, play and work amidst lush urban greenery. A 3.67millionsq.ft.integrated development
      272 words





  • Page 12/13 Advertisements
    • 1096 12/13 HOUSEHUNT APRIL 2016 johor Kranji Industrial Estate f Marsiling Senoko Industrial Estate o Woodlands North Woodlands Admiralty Sembawang S TATE O F JO H O R M A L A Y S I A JJ its HH Kranji stra Sungei Kadut Industrial Estate E Canberra K P IE B Yew
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  • Page 21 Advertisements
    • 737 21 Advertising Feature 'MhL£ Exceeding Expectations As Penang’s Premier Property Developer PARAGON M A L L INDULGE IN THE NEW HEART OF PENANG ill Vft-JV itih n N. 8 t 3 I a I H m f s> > J u\Ne are committed to the delivery of high quality and value
      737 words

  • Page 22 Advertisements
    • 43 22 We believe every built environment can move business and people forward. CBRE turns help you transform your real estate into real advantage? For more information, contact or visit: 6 Battery Road, #32-01 Singapore *****9 T: +65 6224 8181 Agency License No.: L*****63I www.cbre.com/BuildOnAdvantage
      43 words