The Business Times, 1 July 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, July 1,2010
    23 words
  • 699 1  -  Fund wants to be closer to its Asian investments which are poised to grow By SIOW LI SEN [SINGAPORE] Norway’s Government Pension Fund Global, said to be among the world’s largest and most transparent sovereign wealth funds, opened its Singapore office yesterday to
    ARTHUR LEE  -  699 words
  • 655 1  -  Trusts with combined assets of $5-6b to list by next year and set stage for Mapletree’s own flotation By KALPANA RASHIWALA [SINGAPORE] Mapletree Investments, a fully-owned real estate subsidiary of Temasek Holdings, yesterday announced plans to list two trusts that will hold a
    655 words
  • 140 1 ?ST INDEX 2,835.51 (+5.17) ?ST INDEX FUTURES 2,825 (-5) ?SIMSCI 337.32 (+0.31) ?SIMSCI FUTURES 336.10 (-1.20) FOREX US$ S$ US$ (S$ per US$) 1.399 (US$/S$ per 1.505 2.105 EURO (US$/S$/E) 1.223 1.710 Foreign currency per US$ S$ YEN 88.60 63.40 RM 3.245 2.320 HK$ 7.785 5.566 BAHT 32.42
    140 words
  • Page 1 Advertisements
    • 182 1 CHINA IPO AgBank launches world’s biggest US$23.2b share issue PAGE 2 PROPERTY HDB offers nearly 2,700 BTO flats PAGE 32 BizIT Changing approach to ICT spending PAGE 29 SINGAPORE INTERNATIONAL Big potential seen in Russian market PAGE 12 SGX revamps operations, names two co-presidents PAGE 4 SGX market cap edges
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    • 7 1 Mapletree Investments net rises 87%, Page 8
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  • TOP STORIES
    • 415 2  -  By WINSTON CHAI [SINGAPORE] The prospect of being shut out of the world’s largest Internet market has prompted Google to search for middle ground in its ongoing censorship conflict with Chinese authorities. Over the next few days, Google will stop redirecting Chinese users
      415 words
    • 603 2  -  To be completed by 2013, it’ll add 70m gallons daily to fresh water supply By UMA SHANKARI [SINGAPORE] National water agency PUB is calling an open tender for Singapore’s second and larger desalination plant to be built at Tuas. The plant, which will
      BLOOMBERG FILE PHOTO  -  603 words
    • 557 2 US$23.2b offering overtakes ICBC’s 2006 record [HONG KONG] Agricultural Bank of China yesterday kicked off a share offer worth a world-record US$23.2 billion as China strives to develop depressed regions in the rural lender’s heartland. AgBank, the last of China’s “big four” state banks to
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    • 506 2  -  Second-generation system needed as gantries hit limits By SAMUEL EE [SINGAPORE] Installing more ERP gantries to manage increasing traffic flows may not be practical, so the government is exploring a more effective method of electronic road pricing. Even though the ERP system has served Singapore
      506 words
    • 532 2 Mapletree to float after listing 2 Reits MAPLETREE Investments, a real estate subsidiary of Temasek Holdings, yesterday announced plans to list two trusts that will hold about $5-6 billion of Singapore assets between them. One of the flotations is targeted by year-end. FRONT PAGE Norway’s legendary SWF sets
      532 words
    • 405 4  -  Two co-presidents also named to help steer and grow the company By MICHELLE QUAH [SINGAPORE] The Singapore Exchange (SGX) is reshuffling the way it operates streamlining, re-cate-gorising and renaming units to “better capitalise on emerging Asian opportunities in the fast-changing global financial
      405 words
    • 461 4  -  1.5% May growth driven by business, consumer loans By CONRAD TAN [SINGAPORE] Bank lending grew in May for the seventh straight month, as optimism over the economic outlook for Singapore prevailed over worries about the impact of Europe’s sovereign debt troubles. In a
      461 words
    • 427 4 AP [WASHINGTON] Top Democratic negotiators from the US House of Representatives and the Senate who worked out a deal on a sweeping overhaul of financial regulations regrouped on Tuesday to eliminate a US$19 billion fee on banks that had threatened to
      AP  -  427 words
    • 439 4  -  Guangdong base for S’pore firms to seek opportunities there By CHEW XIANG TEMASEK Holdings subsidiary Singbridge International is expected to invest 2 billion yuan (S$411 million) in a “knowledge city” on the outskirts of Guangzhou city in southern China. The project
      439 words
    • 325 4 It hopes to ink 1st pact with S’pore, M’sia or Thailand before end-2012: report AFP [TAIPEI] Taiwan is now looking to forge several free trade agreements in Asia after signing a sweeping and historic pact with China, a report said yesterday. Taipei and Beijing
      AFP  -  325 words
  • Page 2 Advertisements
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    • 8 2 Stanchart to invest US$500m in IPO, Page 16
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  • Page 3 Advertisements
    • 149 3 r Geoff Ogilvy Dustin Johnson r f m. h Find out who has what it takes to win Witness the finest golfers in the world at the first ever PGA TOUR event in Southeast Asia the CIMB Asia Pacific Classic, Malaysia. www.cimbasiapacificclassic.com 28th 31st Oct 2010 The Mines Resort Golf
      149 words

  • Page 4 Advertisements
    • 50 4 Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG Zhang Yanling, Executive Vice President, Bank of China, PRC Nicholas Lardy, Senior Fellow, Peterson Institute for International Economics, USA Fang Fenglei, Chairman, Hopu Investment Management, PRC Liu Yonghao, Chairman, New Hope Group, PRC and many more…
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  • Page 5 Advertisements
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  • COMPANY NEWS
    • 962 6  -  Glass Lewis report calls for full general offer for Parkway shareholders By MICHELLE QUAH AN INDEPENDENT governance analysis and proxy voting firm has spoken out against Malaysian sovereign fund Khazanah’s US$835 million (S$1.2 billion) partial offer for Parkway Holdings. Glass, Lewis Co which serves institutional investors who
      962 words
    • 708 6  -  HOCK LOCK SIEW By SIOW LI SEN AT last week’s annual dinner of the Association of Banks in Singapore, Minister Mentor Lee Kuan Yew touched on a number of subjects. Predictably, bankers cheered when he said Singapore would not levy a special tax
      708 words
    • 748 8  -  F&N was the top STI gainer in H1, rising 23%; Noble Group was the top loser By JAMIE LEE THE Singapore market fought the unholy trinity of poor US job data, the eurozone crisis and the soccer World Cup to add
      748 words
    • 522 8  -  It credits value-add, strong operations, revaluation gains By KALPANA RASHIWALA MAPLETREE Investments has posted an 87.3 per cent increase in net profit to $393.8 million for the year ended March 31, 2010. The bottom line improvement was achieved on the back of strong operations, development
      522 words
    • 529 8  -  Niche provided by tougher lending terms set by banks By JAMIE LEE SMALLER companies in Singapore and Asia could be sidelined by banks, which are slapping on tougher lending terms, Westcomb Financial Group noted yesterday. This has prompted Westcomb to extend
      529 words
    • 408 9  -  It will build Memstill demonstration plant to test desalination technology By RACHEL SIM KEPPEL yesterday officially opened its 1.6 hectare Keppel Seghers Tuas Waste-to-Energy Plant and also announced plans to construct a Memstill demonstration plant to test the desalination technology. The waste-to-energy plant comes under
      408 words
    • 317 9  -  By FELDA CHAY DARCO Water Technologies said it has secured 22 projects worth $8.6 million from customers in the electronics, semi-conductor and solar power manufacturing industries in Malaysia, Taiwan, and Singapore. All the projects are to be delivered within 12 months,
      317 words
    • 261 9 Reuters [TOKYO] Daiwa Securities Group, Japan’s second-largest brokerage, said it plans to double the number of analysts covering Asian stocks to more than 100 in the next two years as its pursues expansion in the region. It also plans to double the
      Reuters  -  261 words
    • 289 9  -  By WINSTON CHAI IPC Corporation is branching from the residential property market in Japan into its hospitality sector with the acquisition of two business hotels in Tokyo. The company yesterday said it has acquired a 96-room hotel in Asakusa and another 112-room
      289 words
    • 317 9  -  Deal signed with OSK-UOB Unit Trust Management By CONRAD TAN UOB Asset Management has entered an Islamic fund management joint venture in Malaysia to tap investors’ appetite for syari-ah-compliant investments. UOBAM said it had signed an agreement with Malaysia’s OSK-UOB Unit Trust Management
      317 words
  • Page 6 Advertisements
    • 146 6 The New 2010 Honda CR-V. Control the roads in style. The 2.0L RVi and the 2.0L RVSi deliver 150ps, and the 2.4L RVSi delivers 170ps A 5-speed automatic transmission gives you a powerful and smooth drive Newly designed 17” and 18” alloy wheels Stylish new front grille Sporty new front
      146 words

  • Page 7 Advertisements
    • 273 7 FROM VALUES COMES VALUE AMUNDI, A MAJOR NEW PLAYER IN ASSET MANAGEMENT No.3 in Europe No.8 worldwide Assets under management of around US$960billion Crédit Agricole and Société Générale have combined their asset management expertise to create Amundi. Together, these two major banking groups have given shape to a shared vision:
      273 words

  • Page 8 Advertisements
    • 2372 8 THE HOURGLASS THE HOURGLASS LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****1972D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 31st Annual General Meeting of the Company will be held at Singapore Marriott Hotel, Legacy Suite, Level 2, 320 Orchard Road, Singapore *****5, on
      2,372 words
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  • Page 9 Advertisements
    • 415 9 Pacific Court London E3 Caspian Wharf, Bow Contemporary waterside apartments available from only £172,500 1 From Home to Canary Wliarf in just 6 mins Exceptional Value with Prices from £37O psf f LI JB 5 ::iHm 1 .sail li iriiMH IMlTri 7 irmaii w HITFP 1 «flTil' i UL I
      415 words

  • SINGAPORE MARKETS
    • 562 10  -  Index gains steadily in last hour of trading, with late pushes on bank stocks such as UOB STOCKS R SIVANITHY Senior Correspondent AS expected, a combination of short-cover-ing and half-year-end window dressing yesterday lifted the Straits Times Index (STI) by a modest 5.17 points to 2,835.51,
      Source: Bloomberg  -  562 words
    • 4 10 DAILY
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    • 65 10 Jun 30 VALUE CLOSE BT OB/OS -263.00-201.00 BT CADI -*****.00 -26.00 BT 10-day MA -*****.00 -26.00 FTSE ST Mid Cap 685.13 -1.15 FTSE ST Small Cap 524.77 +0.05 FTSE ST All Share 698.77 +0.82 FTSE ST China Top 260.49 +2.04 FTSE ST China 287.86 +2.82 FTSE ST
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    • 58 10 VOLUME Genting SP 128,539,000 Golden Agri 68,067,000 Noble Grp 45,692,000 Z-Obee Hldgs 38,049,000 K-Green Trust 36,253,000 CapitaLand 28,359,000 Yangzijiang 25,752,000 SingTel 23,067,000 Baker Tech 22,168,000 Abterra 21,669,000 VALUE($) Genting SP 148,840,830 CapitaLand 102,279,180 DBS Grp 99,435,186 UOB 86,487,290 OCBC Bk 80,722,230 Noble Grp 77,934,385 Keppel Corp 75,175,820
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 5 0 0 0 5 7 5 Manufacturing 48 58 68 3 3 9 51 61 77 Commerce 14 22 17 4 2 3 18 24 20 Tpt/Stor/Comms 11 12 18
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    • BROKERS’ TAKE
      • 430 10 June 30 close: S$1.95 DBS Group Research, June 29 CHINA Fishery Group has entered into a conditional private placement for 113.5 million new shares (at S$1.85, one per cent above the last closing price) and 26.667 million warrants (exercisable at S$2.10) to Carlyle Group, a global alternative
        Source: Bloomberg  -  430 words
      • 404 10  -  June 30 close: S$0.850 DBS Group Research, June 30 Compiled by CONRAD TAN BOUSTEAD Singapore’s wholly owned subsidiary, Boustead Salcon Water Solutions Pte Ltd, has been awarded a 55-million-dirham (S$21 million) contract to design and build the first new water-recy-cling plant for the enhanced treatment of treated sewage
        Source: Bloomberg  -  404 words
    • 115 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,386 37,386 141,135 141,135 Manufacturing 245,777 5,677 251,454 239,239 251 239,491 Commerce 110,323 6,606 116,929 152,796 2,293 155,089 Tpt/Stor/Comms 106,725 652 107,377 207,926 75 208,001 Finance 30,354 30,354 310,550 310,550 Construction 14,909 14,634 29,543 2,616
      115 words
    • 110 10 Stock name Close Change CapMallsAsia 2.110 CapitaLand 3.600 -0.060 CapitaMall 1.840 -0.050 CityDev 11.100 +0.260 ComfortDelGro 1.460 -0.030 DBS Grp 13.680 -0.060 F&N 5.150 -0.030 Genting SP 1.170 +0.020 Golden Agri 0.530 +0.010 HK Land 4.980 +0.060 JMH 35.140 +0.140 JSH 20.820 +0.260 Jardine C&C 30.000
      110 words
    • 492 10 CURRENCIES Reuters [NEW YORK] The euro gained broadly yesterday after banks borrowed less funds than expected from the European Central Bank (ECB), easing concerns over European banks’ funding issues and raising risk appetite. The ECB lent banks 131.9 billion euros (S$226.3 billion) in
      Reuters; BLOOMBERG  -  492 words
    • 98 10 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5582 103.5 1.3 GLD 10US$ ***** 96.5 0.6 JSH 2082 36.4 1.3 CityDev 1110 26.0 2.4 UOB 1962 22.0 1.1 JMH 3514 19.6 0.4 SIA 1460 16.0 1.1 UOB.ES.1006 1952 14.0 0.7 UOB.ES.1007 1950 14.0 0.7 ChinaFish 195 12.0 6.6 BY
      98 words
    • 119 10 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 3619-170.6 -3.3 DBXT SPASX200 10US$ 2581-170.6 -4.5 DBXT MSKorea 10US$ 4368-165.0 -2.6 DBXT STGLDv100 10US$ 2515-148.2 -4.0 DBXT Nifty 10US$ *****-146.8 -0.9 DBXT MSINDO 10us$ 1162 -46.1 -2.8 Lyxor LatinAmerica 1 767 -42.0 -3.8 Lyxor EasternEurope1 428 -40.6 -6.3 CityDev.ES.1006 1072 -40.0
      119 words
    • 87 10 Where S$ stands Jun 30 CHNG YR 2010 CLOSE FR Jun 29 S$ LOW S$ HIGH US$ 1.4020 -0.38 1.4219 1.3680 Euro 1.7191 -0.89 2.0153 1.6886 Pounds 2.1051 -0.25 2.2831 2.0003 A$ 1.1968 0.05 1.2960 1.1515 Yen* 1.5812 -0.54 1.5927 1.4467 Rupiah* 0.***** -0.27 0.***** 0.***** Baht* 4.3252 -0.42
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  • SINGAPORE NEWS
    • 504 11  -  S’pore think-tank to help develop learning network for city leaders By EMILYN YAP MAYORS around the world can look forward to sharing ideas on urban planning more frequently through a new learning network soon. National Development Minister Mah Bow Tan said this
      504 words
    • 236 11 GLOBAL consumer products provider Procter Gamble (P&G) said yesterday during the Singapore International Water Week that it will build a plant here to manufacture its PUR Purifier of Water sachets. PUR Purifier of Water is part of a P&G charitable programme with non-government organisations
      236 words
    • 425 11  -  By MALMINDERJIT SINGH SMALL and medium-size enterprise (SME) operators in Singapore need a mindset change if they are to step up their productivity, says Member of Parliament Inderjit Singh. Discussing challenges for SMEs to pursue productivity and embrace innovation, Mr Singh
      425 words
    • 376 11  -  By TEH SHI NING TOTAL wages of private sector employees fell 0.4 per cent last year, as the cutback in bonuses paid out offset the rise in basic pay. Although employment grew last year, which was not the case in
      376 words
    • 292 11 WITH the economy expected to post a whopping 16 per cent first half performance, yet another economist has raised his forecast of Singapore’s 2010 GDP growth to a new high 13 per cent. DBS Group Research economist Irvin Seah yesterday added 2.7
      292 words
    • SINGAPORE ROUND-UP
      • 37 11 HOUSEHOLD electricity tariffs will rise 2.42 per cent to 24.13 cents per kilowatt hour this quarter. SP Services attributed the rise to higher capital, operating costs, and under-collection in the previous quarter.
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      • 34 11 THE National University of Singapore announced a $63 million five-year collaboration with Peking University and Oxford University to promote research, education and commercialisation of eco-efficient water technologies yesterday.
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      • 31 11 WATER chemical company Kemira yesterday announced an R&D collaboration with the Singapore Membrane Technology Centre at Nanyang Technological University to design a more efficient water production process.
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      • 27 11 GLOBAL Water Intelligence, an information service for the international water industry, is opening its Asia office in the Public Utilities Board’s WaterHub.
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    • 512 11  -  By RONNIE LIM SINGAPORE’S two Indonesian piped gas importers Sembcorp Gas and Gas Supply Pte Ltd (GSPL) have not received any notification from their suppliers so far about renegotiating existing natural gas contracts, BT understands. Sources at the two companies say there has
      512 words
  • Page 11 Advertisements
    • 119 11 s,E Public Lecture Series 2010 '.QUALITY CLASS for Private Education Organisations The Future of Shopping in Singapore; People, Passion and Profit Presented by: Professor Philip Pearce BA, DipEd(Adel), DPhil(Oxf) Foundation Professor of Tourism James Cook University Australia Free Admission Light refreshments will be served RSVP to Ms Laiza Ma I
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  • SINGAPORE INTERNATIONAL
    • 1030 12  -  The country has big market potential, but Singapore companies keen to venture there are advised to tread carefully. CHUANG PECK MING reports CHUANG PECK MING WITHwesternEurope hit by a currency crisis that could blow up consumers’ pockets there, Singapore companies may want to shift
      1,030 words
    • 846 12  -  Gajah Int’l CEO shares his Russian experiences By CHUANG PECK MING IT took a year for Gajah International to close its first business deal in Russia. “We met up with a few potential customers at end-2007 and after one year of follow-ups, we
      846 words
  • Page 12 Advertisements
    • 203 12 m AFRICA SINGAPORE BUSINESS FORUM Promoting trade and investment between Africa and Singapore 14-15 July 2010 The Fullerton Hotel, Singapore The inaugural Africa Singapore Business Forum (ASBF) is a premier conference and networking platform for government officials, business and thought leaders to profile their assessment of opportunities in Africa and
      203 words
    • 15 12 Singapore International a fortnightly series brought to you by IE Singapore and The Business Times
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  • Page 13 Advertisements
    • 227 13 Westcomb Financial Group Limited is now Asiasons WFG Financial Ltd ASIASONS WFG Westcomb Financial Group Limited now has a brand new name Asiasons WFG Financial Ltd. With the new name comes a new logo which has been created to represent an ever continuous symbiotic relationship between investor and investee. The
      227 words

  • ECONOMY WATCH
    • 715 14 Analysts say it will keep US Congress away from need for protectionist stance AFP [BEIJING] China’s vow to let the yuan trade more freely will not silence critics calling for a fast appreciation in the currency but could be enough to
      AFP  -  715 words
    • 743 14 EU economies much more exposed to the state of their banks BANKS’ CAPITAL RULES Reuters [VIENNA] The delayed introduction of stricter capital rules agreed by the G-20 buys Europe time, but the fact remains that its economies are much more exposed to the state
      Reuters  -  743 words
    • 413 14 Reuters [TORONTO] A shift by the G-20 to allow some countries to phase in tougher rules on bank capital levels could victimise countries like Canada that already have a healthy banking system. The G-20’s endorsement of a flexible timeline could
      Reuters  -  413 words
    • 488 14 But it rejects US complaints about trade barriers AFP [SEOUL] South Korea said yesterday that it will reopen talks soon with the United States on a major free trade deal, but rejected complaints that it unfairly restricts US beef and auto exports. Trade
      AFP  -  488 words
  • Page 14 Advertisements
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  • MALAYSIA/INDONESIA
    • 538 15  -  At Berjaya Retail’s launch of IPO prospectus, Berjaya group chairman in jovial mood By PAULINE NG IN the wake of the Malaysian government’s decision not to re-issue a sports betting licence to his privately held Ascot Sports, Malaysian tycoon Vincent Tan chose not
      538 words
    • 459 15 Sarinah seeks to gain from Jakarta’s new tax policy Reuters [JAKARTA] Indonesia’s state-owned retail firm PT Sarinah plans to invest between US$20 million and US$25 million to set up a cocoa grinder by 2013 as a recent export tax policy on cocoa is expected
      Reuters  -  459 words
    • 373 15 [KUALA LUMPUR] Sunway Holdings Bhd expects a record net profit this year, driven by new business and healthier margins from all its five core divisions, Malaysia’s Business Times (MBT) reported managing director Yau Kok Seng as saying on Monday. These include construction,
      373 words
  • Page 15 Advertisements
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    • 40 15 'I SI? t Kir", I I?I W S: I t Be Vigilant. Be Resilient. Be United Against Terrorism. \WHHJ h ?5^WIHIHB ryActZZ tips Be as One. 4 w. SB T w ;VF«S 7/ 1 A*\ ll NATIONAL SECURITY COORDINATION SECRETARIAT
      40 words

  • GREATER CHINA
    • 499 16 Investment will help cement a strong relationship, says UK-based bank AFP [LONDON] Standard Chartered has announced a big investment in Agricultural Bank of China’s flotation in Hong Kong this month, saying yesterday that it will buy US$500 million worth of shares. Standard Chartered,
      AFP  -  499 words
    • 443 16 Reuters [BEIJING] China will suffer an economic slowdown in the third quarter as export and investment growth weakens, which may then prompt Beijing to relax policy, a former vice-com-merce minister said yesterday. Wei Jianguo, now secre-tary-general of a well-con-nected think tank,
      Reuters  -  443 words
    • 235 16 AFP [BEIJING] Chinese Premier Wen Jiabao believes that the world’s third-largest economy is moving in the “expected direction”, the government said yesterday, amid fears that it may be losing steam. “The domestic economy is developing in the expected direction under the government’s macroeconomic
      AFP  -  235 words
  • Page 16 Advertisements
    • 1652 16 MATS NOTICES BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg NI N IN THEMATTEROF COMPANIESACTCAP50 AND NI N IN THEMATTEROF DC-NETPTE. TD. REG. NO. *****9911G (IN MEMBERSVOLUNTAR LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant Section290(2)(b)] tA t At an Extraordinary General Meeting the Company held on 30 June 2010,
      1,652 words
    • 12 16 世网 africa2010.omy.sg 猜 40" LCD 赢猜赢 $500 Havaianas 礼
      12 words

  • INDIA
    • 565 17 But yet another key deadline is missed as 3 top venues are not handed over yet AFP [NEW DELHI] Organisers of the Commonwealth Games in New Delhi in October have struck an upbeat note over widely criticised preparations for the event despite yet another key deadline
      AFP  -  565 words
    • 355 17 Sumitomo Bank will invest 13.66b rupees in Indian peer AFP [TOKYO] Japan’s Sumitomo Mitsui Banking Corp (SMBC) is set to become the country’s first lender to invest in an Indian peer after it said on Wednesday it will buy a stake in
      AFP  -  355 words
    • 334 17 Bloomberg [MUMBAI] GTL Infrastructure Ltd, the company that’s buying billionaire Anil Ambani’s mobile-phone towers, said it’s open to more acquisitions as intensifying competition pushes India’s telecommunications industry towards consolidation. “If any existing tower company came in for consolidation, and that made business sense,
      Bloomberg  -  334 words
  • Page 17 Advertisements
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      57 words

  • WORLD
    • 762 18 It underwrites 36 deals with US$5.9b proceeds, ahead of JPMorgan, Goldman Reuters [NEW YORK] A few large deals helped propel Morgan Stanley to the top spot among underwriters for initial public offerings in the first half of 2010. The Wall Street bank, which rose from
      Reuters; REUTERS  -  762 words
    • 385 18 This suggests that the debt crisis is not as bad as it seems Bloomberg [LONDON] The European Central Bank will lend banks 131.9 billion euros (S$226 billion) for three months, less than economists had forecast as a landmark year-long loan expires. Banks need to
      Bloomberg  -  385 words
    • 412 18 AFP [BRUSSELS] The European Union will slash all bankers’ and traders’ bonuses from Jan 1 next year, after the European parliament gave its final go-ahead to tough new laws yesterday. After months of negotiations between national governments and the parliament in Brussels, all bonuses
      AFP  -  412 words
    • 397 18 Bloomberg [DUBAI] Nakheel PJSC has started cash payments to trade creditors as the Dubai World-owned property company seeks to restructure US$10.5 billion of liabilities after real-estate prices slumped in the emirate. Nakheel started making “40 per cent cash payment to our trade creditors”, according to
      Bloomberg; BLOOMBERG  -  397 words
    • 346 18 Reuters [BRUSSELS] The European Union executive fined 17 producers of prestressing steel a total of 518 million euros (S$887.6 million) yesterday for operating a cartel covering most EU states over a period of 18 years. The European Commission said the firms, including
      Reuters; REUTERS  -  346 words
    • 204 18 LATEST US DATA AFP [WASHINGTON] The US economy created far fewer than expected private-sec-tor jobs in June, a payrolls firm said yesterday, in a further blow to the embattled labour market. Non-farm private employment increased 13,000 from May to June on a
      AFP  -  204 words
  • Page 18 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 611 19 Philippine president also says he will improve investment environment Reuters [MANILA] Benigno Aquino III, the son of two democracy heroes, told hundreds of thousands of people that he would deliver on his promise to tackle entrenched corruption when he was sworn in as
      Reuters  -  611 words
    • 808 19 Trade in Citigroup paused after sudden price plunge NYT [NEW YORK] An experimental circuit breaker for stock markets that was put in place after last month’s so-called flash crash kicked in for the second time on Tuesday after an erroneous trade caused a sudden
      NYT  -  808 words
    • 311 19 Reuters [CANBERRA] The Australian government and mining companies failed yesterday to agree a deal on a proposed mining tax and negotiations are set to continue over coming days, Treasurer Wayne Swan said. Despite reports the government had offered a compromise that
      Reuters  -  311 words
  • Page 19 Advertisements
    • 202 19 Pulses July issue out now! m mt V:" ~>.74i S3£ si~m P^rCOMPANIES First Reit From health to wealth Super Group A potent mix Plus Raffles Education and Falcon Energy OTHERS S&P's take on ttie construction companies China: The next big tourism thing Enjoy your copy of Pulses and a fresh
      202 words
    • 1587 19 NOTICES BUY IT• SELL IT• FIND IT PT BERLIAN LAJU TANKER Tbk c^!| (The "Company") Domiciled in Jakarta, Indonesia NOTICE TO THE SHAREHOLDERS OF THE RESULT OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS Hereby notified that the Extraordinary General Meeting of Shareholders of PT BERLIAN LAJU TANKER Tbk. was held
      1,587 words

  • WORLD CUP
    • 765 20  -  Nike ad showcased stars who couldn’t carry the burden all by themselves COMMENTARY LEE U-WEN Acting Deputy Foreign Editor IF YOU thought Paul the Octopus was prophetic when predicting World Cup outcomes, Nike’s latest World Cup commercial is fast proving to be equally accurate
      REUTERS; AFP  -  765 words
    • 620 20 Taxpayers often pick up maintenance bill for empty relics Reuters [LONDON] AS the World Cup in South Africa builds to a climax, questions are being asked about what will happen to the new stadiums there once the fans and players have left. Similar questions have
      Reuters  -  620 words
    • 493 20 Reuters [PARIS] French Football Federation (FFA) president Jean-Pierre Escalettes felt helpless against a player revolt at the World Cup that led to him handing in his resignation, he said yesterday. Mr Escalettes, who quit on Monday in the wake of France’s shambolic World Cup showing,
      Reuters; AP  -  493 words
  • Page 20 Advertisements

  • AVIATION
    • 527 21 Management shake-up is part of move to increase market share Reuters [SYDNEY] Australia’s sec-ond-largest airline Virgin Blue plans to shake up its management structure as it seeks to double its share of the domestic business-class market and take on dominant player Qantas
      Reuters; BLOOMBERG  -  527 words
    • 598 21 NYT [NEW YORK] Airports in Germany have come up with an unusual approach to monitoring air quality. The Dusseldorf International Airport and seven other airports are using bees as “biodetectives”, their honey regularly tested for toxins. “Air quality at and around the airport is
      NYT  -  598 words
    • 643 21 Slew of dismissals and a death as more officials are targeted AP [SHANGHAI] An aviation official has killed himself and at least two airline executives have lost their jobs as authorities investigate suspected corruption within the highly regulated industry, reports said on Tuesday.
      AP  -  643 words
    • 3022 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 MU8213 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836
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    • 3894 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 21 Miscellaneous
    • 373 21 CRYPTIC CROSSWORD Across 1 Characters in a treetop in trouble one has song and dance (8) 5 What sounds like bivalve’s bodily part (6) 8 Pub around five excellent or ineffective? (2,4) 9 Answer from silly person, see, falling short (8) 10 The man to be brought in by bishop,
      373 words

  • Page 22 Advertisements
    • 27 22 Shipping lines seeking reliable Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      27 words

  • 731 23 Some say waiving Jones Act will speed foreign assistance in fighting oil spill Bloomberg [WASHINGTON] The sign over the Dog House Deli in Pensacola Beach, Florida, delivered the message: “President Barack Obama Waive Jones Act.” Nate Holler, who runs the familyowned hotdog shop,
    Bloomberg; BLOOMBERG  -  731 words
  • 808 23 Reuters [SAN FRANCISCO] Oil and gas drillers that have seen some of their most profitable deepwater Gulf of Mexico projects stalled by the spill now face new troubles as clients try to pull out of safer, shallower wells. In a region that accounts
    Reuters  -  808 words
  • 220 23  -  Asian Shipowners’ Forum cites 500% rise over 3 years By EILEEN TAY THE Asian Shipowners’ Forum (ASF) sent letters this week to United Nations sec-retary-general Ban Ki Moon and International Maritime Organization (IMO) secretary-general Efthimios Mitropoulos highlighting rampant piracy and ship hijackings in
    220 words
  • 147 23 Bloomberg [LONDON] Clarkson plc, the world’s largest shipbroker, said that the steady improvement in its markets reported on May 12 has continued. “We have been pleased to see further positive signs across a number of our markets,” London-based Clarkson said in a statement distributed by Regulatory
    Bloomberg  -  147 words
  • 278 23 SGX '000 Jun 30 S$ +/-Vol CH Offshore 0.53 unch 26 Chuan Hup Hldg 0.27 unch 40 Cosco Corp 1.49 0.02 ***** CWT Ltd 0.87 -0.02 1024 Ezra Hldgs 1.82 0.03 7199 First Ship Lea 0.38 0.01 449 Freight Links 0.06 unch 9240 Grand Banks unch unch 0
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  • Page 23 Advertisements

  • EDITORIAL & OPINION
    • 1292 24  -  Rise in number of regulatory bodies, authority will give firms more power and influence LEON HADAR Washington Correspondent PROPONENTS of free market principles are relieved that, contrary to earlier expectations, the financial meltdown of 2008 and the ensuing Great Depression have not ignited
      REUTERS  -  1,292 words
    • 744 24  -  THE BOTTOM LINE ANDY XIE The writer is an independent economist based in Shanghai and was formerly Morgan Stanley’s chief economist for the Asia-Pacific region. The opinions expressed are his own Bloomberg WE WAITED for ages for China to move on the
      Bloomberg  -  744 words
    • 516 24 EDITORIAL IT has been painfully incomprehensible to see the developing aftermath of the Deep Horizon rig explosion in the Gulf of Mexico. For the majority of us who are non-off-shore industry people, an oil well gushing uncontrollably into the sea for over two months seems
      516 words
    • 1531 25  -  Samsung needs to embrace ex-CEO’s ‘state of perpetual crisis’ to find new engines of growth, says author Tony Michell By ANNA TEO AS A consumer brand name, Samsung may not quite have the ring or zing of, say, Sony or Apple. Yet it ranked
      AFP  -  1,531 words
    • 481 25  -  By JONATHAN GALAVIZ The author is a founding partner of Globalysis Ltd, a US-based consulting firm specialising in the gaming and leisure industries ASIA’S casino industry is smoking hot and the Global Gaming Expo (G2E Asia) held in Macau recently clearly demonstrates that
      481 words
    • 603 25  -  LETTERS TO THE EDITOR Larry Haverkamp THE articles “Insurance data already available on MAS website” and “Insurance industry feedback will be shared” (BT, June 22) comment on my article “Time to look at competition in the insurance industry” (BT, June 16). The Monetary
      603 words
    • 257 25  -  Michael Yap Director, Media Policy Media Development Authority WE thank your reporter for highlighting how the cross-carriage measure will address the imbalance in the pay-TV market today (“Why MDA stamped out TV exclusives”, BT, June 24). Of the top 100 pay-TV channels in Singapore,
      257 words


  • SINGAPORE STOCKS
    • 8878 26 Transaction date: Jun 30 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 7.5 3148 8Telecom 15.5 unch 265 15.5 15.5 15.5 16 1.7 11.7 5 74.2 10 5.5 5834
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    • 1605 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5 4.5 5.5 27.8 4.8 24 13 8538 t APStrategic 20 +1 587 20 18 18
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    • 9391 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.6003/ Asian Credit Fund 1.2534/ Asian
      9,391 words
    • 747 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 107 6389 ABF SG Bond ETF 112 111.5 116 511.3 883 632 CIMBAsean40 100US$ US840 -21 62 840 832 842 847 33.6 306
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    • 251 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27.5 6000 AVJennings A45 42 50 3.6 7.8 3.6 117.2 31 13 6017 Genting HK US$ US19 unch 2105 19.5 18.5 18.5 19
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  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Jun 29 Index Change Change Change Change Change Change World Index Preliminary 771.9 -2.5 -7.3 -1.8 -10.1 -2.9 -10.0 EAFE Preliminary 716.6 -2.6 -8.7 -2.0 -14.6 -3.1 -14.5 Europe Preliminary 1026.2 -3.4
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    • 180 28 Jun 30 $S Offer Bid Overnight 0.01 par 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.55 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.75 0.55 6 months 0.90 0.70 9 months 1.10 0.90 12
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    • 22 28 Jun 30 S$ Bid Offer 1-month 1.3981 1.3987 2-months 1.3979 1.3985 3-months 1.3976 1.3982 6-months 1.3969 1.3975 Source: OCBC
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    • 144 28 Jun 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 353.5 346.0 353.5 114 Aug 10 340.0 Sep 10 321.0 60 Oct 10 310.0 Nov 10 306.9 306.9 306.9 10 Dec 10 306.9 Jan 11 306.9 Feb
      144 words
    • 88 28 Jun 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 30.09.2010 0.33 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 104.62 104.68 104.50 5-Year N*****0N 1.375 01.10.2014 102.55 102.75 102.58
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    • 105 28 Jun 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 947.25 955.00 961.00 946.00 Aug 10 931.50 940.50 946.25 930.00 Sep 10 919.00 926.50 931.00 914.00 Nov 10 912.00 918.50 924.00 906.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 35.93 36.94 37.00
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    • 77 28 CRUDE OIL PRODUCTS Jun 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.22 -2.41 WTI (Near Mth) 75.53 -2.64 Dubai (1-Mth F) 74.50 -1.56 Tapis blend 80.60 -1.00 Minas 78.60 -2.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 70.24 -2.59 Jet Kerosene 87.20 -1.70 US$/barrel Opec Oil
      77 words
    • 2384 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 unch 891 1 15 -5 5.00 47 4085 ASJ Hldgs W*****1 3 1 4 2.33 20 2036 Advance SCT W*****9 0.5 1 87 2817 6.00
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    • 132 28 Jun 30 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1810 1.2170 Can dollar 1.3230 1.3390 Euro 1.7030 1.7230 NZ dollar 0.9630 0.9840 Sterling pound 2.1040 2.1280 US dollar 1.3990 1.4150 Local dollars to 100 units of foreign
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    • 29 28 Jun 30 Open High Sett STI Jul 2789 2789 2825 SIMSCI Jul 337.2 337.7 336.1 Taiwan Jul 255.9 255.9 252.2 Source: MF Global (S) Pte. Ltd
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    • 66 28 Jun 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2420 2425 2432 2410 904 4415 Aug 10 2365 2392 2401 2365 3344 ***** Sep 10 2354 2373 2375 2338 8134 ***** Oct 10 2340 2353
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    • 415 28 Jun 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.3500 0 3325 Dec10 99.2300 0 3196 Mar11 99.1500 0 1521 Jun11 99.0450 0 2103 EUROYEN TIBOR FUTURES Sep10 99.6400 99.6400 99.6400 99.6400 214 3927 Dec10 99.6475 0 1372 Mar11 99.6525 0 1905 Jun11 99.6550 99.6550
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    • 465 28 Jun 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.896 5.800 0.699 6.651 39.817 77.447 0.757 10.447 2.772 1.233 73.030 39.676 1.195 6.548 0.924 27.573 27.694 0.568 0.854 Canada 1.115 6.470
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    • 85 28 Jun 30 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 28 Jun 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1946 1.1951 0.8543 0.8544 Canadian dollar 1.3321 1.3336 0.9527 0.9534 Euro 1.7097 1.7113 1.2227 1.2234 NZ dollar 0.9689 0.9699 0.6929 0.6934 Sterling pound 2.1043 2.1059 1.5049 1.5055
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    • 139 28 Jun 30 GOLD (US$/oz) Jun 30 Jun 29 Hong Kong 1242.00 1233.30 Jun 29 Jun 28 London 1237.85 1247.45 1238.35 1248.45 Source: Thomson Reuters CAST BAR Jun 30 (S$) Selling Buying Kilobar 60,170.38 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 134.82 56 5gm 383.06 281 10gm 683.73
      139 words
    • 71 28 Jun 29 Jun 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1919.25 2003.75 3 months 1947.00 2029.00 Copper, Grade A (US$/tonne) Cash 6462.50 6840.00 3 months 6494.00 6869.00 Lead (US$/tonne) Cash 1969.00 1836.75 3 months 1720.00 1860.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 28 Jun 29 COCOA (£/tonne) Close Prev High/Low Jul 10 2540 2574 2590/2529 Sep 10 2379 2447 2443/2378 Dec 10 2212 2274 2282/2208 Mar 11 2180 2233 2239/2173 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1667 1680 1672/1650 Sep 10 1701 1710 1708/1667 Nov 10 1705 1712 1708/1675 Jan 11
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  • BizIT
    • 904 29  -  Analysts feel cloud computing is leading to ‘smart pricing’ strategies, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE recent recession, combined with the surge in interest in cloud computing, has dramatically changed the way ICT (infocomm technology) investments are being made in Singapore
      904 words
    • 191 29  -  By CHAN YUPING JUNIPER Networks announced yesterday that its high performance and high availability Ethernet switching solutions are being used by Singapore Telecommunications Ltd (SingTel) to support its customers’ carrier Ethernet requirements. SingTel has deployed Juniper Networks EX4200 Ethernet Switches with virtual chassis fabric technology
      191 words
    • 317 29  -  By CHAN YUPING THE Singapore Infocomm Technology Federation (SiTF) has opened nominations for this year’s SiTF Awards to candidates as young as seven years old. The yearly awards, which recognises ICT (infocomm technology) innovation by multinational companies, infocomm local enterprises (iLE), start-ups
      317 words
    • 330 29  -  By TIMOTHY SEOW THE cream of Asian and Singaporean gamers will fight it out at two major competitions here next week the World Cyber Games (WCG) 2010 Asian Championship and the Singapore National Finals. The tournaments will be held concurrently at
      330 words
    • 291 29 AFP [NEW YORK] US networking giant Cisco unveiled a tablet computer for business professionals on Tuesday as technology rivals line up to compete with Apple’s iPad. The Cisco Cius, pronounced “see us”, is powered by Google’s opensource Android operating system and boasts eight
      AFP  -  291 words
    • 558 29  - And the cheque’s in the iPhone By AMIT ROY CHOUDHURY NEED to write a cheque but don’t have your cheque book along? Not a problem; just whip out your iPhone, tap out a cheque and hit the “send” button. That’s how easy it is, thanks to a new service developed
      558 words
  • Page 29 Advertisements
    • 22 29 4-& Lianhe Zaobao "Meeting up" a must in doing business with the Russians *i£aa<&iSs!ifefiii To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • PROPERTY
    • 540 30  -  46 properties were sold at auction in H1 2010, with a total sale value of $87m By FELDA CHAY THE local property auction scene is likely to keep buzzing amid the improving economic climate, interest in properties approaching Temporary Occupation Permit (TOP) and
      540 words
    • 407 30  -  Reports by NICHOLAS YEO FAR East Organization (FEO) launched its luxury development brand “Inessence” along with a sneak preview of “Skyline Orchard Boulevard” yesterday. Four developments, Skyline, Alba, Boulevard Vue and Scotts Tower will come under this brand. Two hallmarks of the “Inessence” Projects
      407 words
    • 257 30 FAR East Organization has changed the architect and the design for Scotts Tower, located at the junction of Scotts and Cairnhill roads. The eye-catching 153m, 31-storey tower was originally designed with 67 luxury apartments with panoramic views and had a built-up floor area of about
      257 words
    • 645 31 They made up 17% of foreign property purchases in S’pore in Q1 2010 Reuters [LONDON/HONG KONG] China’s notorious property bubble could become its next big export with a stronger yuan giving its newly rich the buying power to splash
      Reuters  -  645 words
    • 345 31 PROPERTY developer City Developments Limited (CDL) yesterday clinched two top prizes at the Global CSR Awards one each for CSR leadership and environmental excellence. The Global CSR Awards recognise companies for outstanding, innovative and world-class products, services and programmes implemented during the year under
      345 words
    • 305 31 Bloomberg [HONG KONG] Hong Kong’s government will sell two sites in the city’s Kowloon area in its fifth land auction this fiscal year, after developers agreed to pay the minimum prices required to trigger the sale. An unidentified developer agreed to pay
      Bloomberg; FILE PHOTO  -  305 words
    • 1497 32 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 02/06/2010 99 1066 1724 1618 The Sail Marina Bay Apt
      1,497 words
    • 516 32  -  Strong demand seen for 2,696 flats in Punggol, Sengkang due to low prices By UMA SHANKARI THE Housing and Development Board launched close to 2,700 new build-to-or-der (BTO) flats at Punggol and Sengkang yesterday the largest number of such flats ever offered at one
      516 words
    • 323 32 THE government has appointed Khoo Teng Chye, chief executive of PUB, as the executive director of the Centre for Liveable Cities (CLC). Mr Khoo’s appointment, is concurrent with his PUB position and takes effect from today. He replaces Andrew Tan, who relinquished his
      323 words
  • Page 30 Advertisements
    • 222 30 EXCELLENT DISTRICT 9 SOMERSET RESIDENTIAL DEVELOPMENT SITE 2=1! ws I-FE H3» 1H* s=rT.i-.;-X X -v. 100% Owners Consent No STB required 5 min walk to Somerset MRT Station Site area approximately 35,639 sq ft Plot ratio 2.8 Height Control up to 10 storeys Ideal for boutique luxury development Quiet and
      222 words
    • 102 30 8 Nassim Hill Prestigious Address, 16 units only Freehold. Foreigners eligible Good investment value Immediate occupation Private pool lawn 4 5 bedrooms ensuites Size 3218 sq ft 5759 sq ft Viewing by appointment only. 9847 1311 For Sale By Tender TS19-*****KTS19-*****PTS19-*****T TS19-*****N TS19-*****W TS19-*****W TS19-*****N TS19-*****C TS19-*****X MACKENZIE ROAD TS19-*****N
      102 words
    • 51 30 Goldbell Towers Fully fitted offices for Lease 51,000 sf (sub-divisible to 4,500 sf) Regular floor plate of 9,343 sf per floor Excellent move in condition with fully fittedmeetingrooms,managerialoffices open concept work space Raised flooring full height windows Sheltered access to Newton MRT Attractively priced. Available 1Q 2011 Business Space 6293
      51 words

  • Page 31 Advertisements
    • 418 31 •Cove Drive *****/***** sqft. Full seaview berth. Wide frontage. Top quality. •Cove Drive *****/***** sqft. Full seaview. 40M frontage. 30M Pool. Park 8 cars. •Cove Grove *****/***** sqft. Unblocked seaview with Pte Berth. Rare. •Coral Island 6300/7000 sqft. Privacy. Pte berth, only $12.3M. •Treasure Island *****/***** sqft. Best of the
      418 words
    • 80 31 RARE INVESTMENT OPPORTUNITY m ~"~T 7* U ■> rrd r-'*" -LI itf> Tampines s: Irh 1 iii£Mta5£4J Bukit Batok 6 prime coffeeshops located in established heartland areas Amidst bustling commercial/retail hubs and amenities Strong and steady rental income with high yield Unique resilient investment with good potential growth Portfolio or
      80 words
    • 316 31 GRES GLOBAL REAL ESTATE SPECIALIST The Singapore Institute of Surveyors and Valuers (SISV) and Singapore Accredited Estate Agencies Ltd (SAEA) are proud to present the 2nd intake of the Global Real Estate Specialist (GRES) course. Organised jointly by the SISV and SAEA, this course is for the savvy real estate
      316 words

  • Page 32 Advertisements
    • 384 32 The Quillion The Luxury Properties Agent Bespoke Service: 6222 232V 97 89 57 7 7 THE MOST PRESTIGIOUS PENTHOUSES Ardmore Pk Penthouse-Singapore's most desirable address. Unrivalled location in Orchard. 8700sf of beautifully designed gracious living spaces, elegant bathroom with natural light, extensive terraces offering stunning views from its 29th floor
      384 words