The Business Times, 21 April 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, April 21,
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  • 699 1  -  World’s best-known ocean chartist in S’pore with a plan By GEORGE JOSEPH [SINGAPORE] After 200 years of charting the world’s oceans, the United Kingdom Hydrographic Office (UKHO) has opened its first base overseas in Singapore, to be closer to the world’s most
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  • 145 1 G ST INDEX 3,165.80 (+40.43) G ST INDEX FUTURES 3,153.00 (+39.00) G SIMSCI 374.89 (+4.77) G SIMSCI FUTURES 372.80 (+4.70) FOREX US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.736 2.154 EURO (US$/S$/E) 1.442 1.790 Foreign currency per US$ S$ YEN 82.80 66.70 RM 3.016 2.430 HK$
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  • 771 1  -  S’pore-Malaysia mobile call charges to fall, data roaming costs could follow By WINSTON CHAI [SINGAPORE] Mobile call charges between Singapore and Malaysia will be slashed 30 per cent by May 2012 as a result of a landmark pact to curb sky-high overseas
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  • Page 1 Advertisements
    • 12 1 PROPERTY Newfoodcourt at Asia Square Tower 1 PAGE 30 8 '*****1 *****4
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    • 33 1 GE 2011 Workers’ Party introduces first batch of candidates PAGE 10 CHINESE TURN COPPER INTO PROPERTY GOLD Businesses resorting to elaborate commodity financing to sidestep monetary tightening and higher interest rates PAGE 2
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    • 138 1 CORPORATE RESULTS Keppel’s Q1 profit up 7.8% PAGE 6 THERE ARE STORIES THAT DESERVE TO BE CAPTURED FOREVER. Whether it’s a transatlantic crossing on a sailboat with friends, or the birth of a child, there are precious, life-changing moments that deserve to be recorded forever.What will be yours? Let our
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  • TOP STORIES
    • 773 2  -  Stanchart raises concern over businesses’ use of commodities to secure loans By NEIL BEHRMANN in London CHINESE businesses are resorting to elaborate commodity financing to sidestep monetary tightening and higher interest rates. Standard Chartered Bank is alarmed that China’s property developers, merchants and other
      773 words
    • 575 2 Reuters [TORONTO] An Ontario committee on Tuesday proposed tough terms that could force changes to the London Stock Exchange’s US$3 billion bid for TMX Group, and refused to say if it backed the deal. The all-party legislative report included nine recommendations centring
      Reuters; REUTERS  -  575 words
    • 628 2 Slew of renminbi Reits expected in HK in coming weeks Reuters [HONG KONG] Billionaire Li Ka-shing’s Hui Xian Real Estate Investment Trust (Reit) raised 10.48 billion yuan (S$1.98 billion) in an initial public offering (IPO), pricing Hong Kong’s first yuandenominated IPO
      Reuters  -  628 words
    • 558 2  -  Shareholders okay HK listing but reject bye-laws resolution By JOYCE HOOI [SINGAPORE] While manganese miner OM Holdings (OMH) might have lost a battle over one of its 11 resolutions being tabled at its annual general meeting (AGM) in Singapore yesterday, it might
      558 words
    • 423 2 Saying ‘hello’ to M’sia about to get cheaper MOBILE call charges between Singapore and Malaysia will be slashed 30 per cent by May 2012 as a result of a landmark pact to curb sky-high overseas usage costs, and the issue of data roaming is next on the government’s
      423 words
    • 413 4  -  March sales jump 57% to a record as buyers scramble to avoid quake fallout By PAULINE NG in Kuala Lumpur AFTER two tepid months, Malaysia’s auto sales accelerated by a massive 57 per cent in March as consumers front-loaded purchases to avoid
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    • 477 4 AFP [TOKYO] Japan plans to put Tokyo Electric Power Co (Tepco), operator of a stricken nuclear plant, under effective state control so it can meet its compensation payments, a report said yesterday. Tokyo will set aside several trillion yen in public
      AFP; AP  -  477 words
    • 442 4  -  Strong interest let it double offering from initial $500m By SIOW LI SEN [SINGAPORE] Maybank has sold $1 billion 10-year bonds the single largest sale by a Malaysian company in the Singapore debt market as local investors snapped up debt issued by a familiar name.
      442 words
    • 489 4  -  By RONNIE LIM [SINGAPORE] An outage at Shell’s ethylene cracker on Pulau Bukom which has gone beyond a month now and expected to stretch at least for a second has hit other downstream chemical plants on Jurong Island which rely on ethylene feedstock from
      489 words
    • 447 4  -  Modern city with Asian outlook is a good fit for S Asia By MALMINDERJIT SINGH SINGAPORE could be positioned as a regional hub for commercial and social interaction among the South Asian diaspora. That is what the organisers of South
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 498 4 FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. (“the Trustee-Manager”) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of First
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    • 420 5 ninn vm FREEHOLD •.<* I, u m i wm 1.4 is r PI v 1 l«i i Sft I HI iSsslii 8SS& 1| 17 n. sg BBS iiSiilSI Sis H SSSSlr 11 i,, I? 1— \<\ is li S5BSS I mm I iCil A A Vision of White in the
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  • COMPANY NEWS
    • 754 6  -  HOCK LOCK SIEW By MICHELLE TAN CRUDE oil prices have had a stupendous run this year, resulting in crude oil futures and oil-related equity plays continually flirting with new all-time highs. So far, most people in the street attribute escalating oil prices to
      754 words
    • 448 6  -  Revenue flat at $2.42b; O&M revenue down 20%, property up 87% By JOYCE HOOI KEPPEL Corporation posted a 7.8 per cent increase in first-quarter net profit, from a restated net profit of $321.3 million in Q1 2010 to $346.2 million in Q1 2011.
      FILE PHOTO  -  448 words
    • 592 6 Reuters [HONG KONG] UBS AG’s Asia business saw another veteran banker depart yesterday, as the region’s perennial equity underwriting powerhouse grapples with some recent big-name departures across the company. This time of the year, after year-end bonuses are paid, it is common for
      Reuters  -  592 words
    • 390 7  -  Higher rents and contributions from Clarke Quay boost revenue By EMILYN YAP CAPITAMALL Trust (CMT) posted better results for the first quarter ended March 31 on the back of higher rents and contributions from Clarke Quay. Gross revenue rose 10.7 per cent from a
      FILE PHOTO  -  390 words
    • 385 7  -  By NISHA RAMCHANDANI BOLSTERED by maiden contributions from two new properties, First Real Estate Investment Trust (First Reit) chalked up an 88.5 per cent year-on-year increase in distributable income to $9.9 million for the first quarter ended March 31, 2011. Distribution per unit (DPU)
      385 words
    • 262 7  -  By WONG SU-JIN CHINA Healthcare’s fully owned subsidiary Econ Medicare Centre has been awarded a contract by the Ministry of Health (MOH) to operate and manage a new nursing home on Yio Chu Kang Road. The move is part of a pilot
      262 words
    • 434 7  -  Revenue gets boost from 28 properties acquired in October By MICHELLE TAN ONCE again, the 28 properties acquired back in October last year helped Ascott Residence Trust (Ascott Reit) pump up its unitholders’ distribution to $24 million in the first quarter of
      434 words
    • 427 9  -  Q1 distribution represents annualised yield of 11.5% By JOYCE HOOI FIRST Ship Lease Trust (FSL Trust) posted a distribution per unit (DPU) of 0.95 US cent for its first quarter this year, a 36.7 per cent decrease year on year from 1.5
      427 words
    • 373 9  -  Move to benefit arts and charity sectors By REBECCA LIU THE theatre, once seen as the domain of the elite, has now been made even more accessible to Singaporeans with the help of the newly launched Singapore Press Holdings (SPH) Foundation Arts Fund. Launched yesterday
      373 words
    • COMPANY BRIEFS
      • 118 9 AUSTRALAND Property Group announced that it has reached agreement to issue US$170 million of guaranteed senior notes through the US private placement debt market. The transaction is expected to be completed by the end of May, subject to customary closing conditions. The notes comprise
        118 words
      • 86 9 SURFACE Mount Technology (Holdings) Ltd warned that it expects to report an operating loss for the fourth quarter of FY2011 and the full year ended March 31, 2011. This will be the group’s third consecutive financial year of pre-tax losses. Surface Mount said its performance
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  • Page 6 Advertisements
    • 263 6 r I as Oal-- i -i RANG MAHAL PRESENTS f. I J 11/ IAN CUISINE By Celebrity Chef Manish Mehrotra 26 April to 1 May 2011 Voted "Best Chef of The Year 2010" by American Express, Chef Manish is a culinary star, running the distinguished Indian Accent restaurant at The
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  • Page 7 Advertisements
    • 169 7 New Passat with fatigue detection. How an executive sedan should be. The all new Passat has all the features you'd expect from a beautifully designed, German-engineered sedan, and a few you might not. Such as a fatigue detection system which can sense when you're feeling tired and alert you to
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  • SINGAPORE MARKETS
    • 598 8  -  Singapore market rides on Wall Street overnight rebound and strong openings in European markets STOCKS VEN SREENIVASAN Senior Correspondent THE Singapore market put on one of its best one-day performances in recent months following an overnight rebound on Wall Street, where the
      Source: Bloomberg  -  598 words
    • 4 8 DAILY
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    • 66 8 Apr 20 VALUE CLOSE BT OB/OS -182.00 -18.0 BT CADI -*****.00 +145.0 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 773.00 +5.73 FTSE ST Small Cap 560.10 +4.37 FTSE ST All Share 779.23 +9.04 FTSE ST China Top 282.82 +2.10 FTSE ST China 307.58 +2.18 FTSE
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    • 60 8 VOLUME Genting SP 128,637,000 Golden Agri 104,195,000 Dyna-Mac 72,249,000 Tuan Sing 60,364,000 NexGenSCom 46,770,000 Noble Grp 31,132,000 HPH Trust US$ 30,341,000 STXOSV 26,823,000 Gallant 26,627,000 Ying Li 26,440,000 VALUE($) Genting SP 277,995,750 OCBC Bk 103,474,500 DBS Grp 75,488,070 SingTel 75,253,930 Golden Agri 71,691,885 Noble Grp 68,800,020 Keppel
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 2 0 0 0 12 2 2 Manufacturing 79 34 60 3 4 13 82 38 73 Commerce 24 14 25 4 0 3 28 14 28 Tpt/Stor/Comms 20 15 11
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    • BROKERS’ TAKE
      • 282 8 Apr 20 close: S$2.66 DBS GROUP RESEARCH, Apr 20 Q1 2011 net profit of US$41.4 million (up 35 per cent q-o-q, 269 per cent y-o-y) beat expectations, as cash costs at both mines were lower than expected, due to lower strip ratios and better rates from the
        Source: Bloomberg  -  282 words
      • 495 8  -  Apr 20 close: S$1.41 OCBC INVESTMENT RESEARCH, Apr 20 Compiled by CONRAD TAN THE first quarter 2011 results of CapitaCommercial Trust (CCT) were mostly in line with our expectations. Gross revenue met 25.5 per cent of our full-year forecast and was down 10.6 per cent y-o-y and 1.2
        495 words
      • 137 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 113 8 Stock name Close Change CapMallsAsia 1.820 +0.020 CapitaLand 3.410 +0.040 CapitaMall 1.860 -0.010 CityDev 11.600 +0.120 ComfortDelGro 1.540 +0.010 DBS Grp 14.740 +0.160 F&N 6.280 +0.030 GLP 1.970 Genting SP 2.180 +0.050 Golden Agri 0.695 +0.005 HK Land 7.100 +0.010 JMH 47.160 +1.280 JSH 28.160 +0.660
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    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 101,935 101,935 134,683 134,683 Manufacturing 265,147 10,611 275,758 224,890 909 225,799 Commerce 110,444 5,448 115,892 122,949 2,433 125,381 Tpt/Stor/Comms 161,748 9,114 170,862 285,661 1,105 286,766 Finance 32,311 32,311 271,085 271,085 Construction 29,417 340 29,757 10,195
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    • 551 8 CURRENCIES Reuters [NEW YORK] The euro surged to its highest in 15 months against a weaker dollar yesterday, boosted by higher risk appetite and after a bond auction from Spain was well received by investors. The response to the Spanish auction provided a
      Reuters; FILE PHOTO  -  551 words
    • 105 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 436.6 2.7 DBXT MSKorea 10US$ 6576 334.9 4.3 JMH 4716 158.8 2.8 GLD 10US$ ***** 94.3 0.5 JSH 2816 81.9 2.4 Jardine C&C 3626 72.0 2.0 DBXT MSINDO 10us$ 1500 50.9 2.8 DBXT MSTaiwan 10US$ 1986 49.6 2.1 DBXT MSTHAI 10US$
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    • 123 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 4241 -81.9 -1.5 Lyxor EmergingMkts 1 1182 -42.2 -2.8 STXPO 100 1048 -26.0 -2.4 DBXT MSRussia 10US$ 386 -11.2 -2.3 Lyxor Malaysia 10US$ 956 -11.2 -0.9 SIMSCI370MBeCW*****9 9.5 -10.5 -52.5 DBS Bk 4.7% NCPS 100 ***** -10.0 -0.1 SIMSCI375MBePW*****1 31 -8.0
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    • 5 8 DAILY
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 563 10  -  Party set to field 23 candidates, its largest slate since 1988 GENERAL ELECTION 2011 By CHUANG PECK MING A DAY after the government announced the date for the general election (GE), the Workers’ Party (WP) formally rolled out the first batch of what its
      NEO XIAOBIN/THE STRAITS TIMES  -  563 words
    • 541 10  -  $600m five-year renewal plan for Nee Soon unveiled By LEE U-WEN MORE housing options, better schools and new upgrading projects are in the pipeline for residents in the newly carved out Nee Soon group representation constituency (GRC) over the next five years.
      TERENCE TAN/THE STRAITS TIMES  -  541 words
    • 225 10  -  By NISHA RAMCHANDANI CERTIFICATES of Entitlement (COE) premiums rose in most categories in the latest bidding exercise. The biggest rise was for cars above 1,600cc or category B which rose $1,800 to $56,801. Meanwhile, category A (cars 1,600cc and below as well as taxis)
      225 words
    • 367 10 THE Housing and Development Board (HDB) cannot lower flat prices by paying less for land as it would be an “illegal raid” on Singapore’s reserves, National Development Minister Mah Bow Tan said yesterday. Paying less for land to build flats
      367 words
    • 511 10  -  Reform Party names its slate for West Coast GRC By TEH SHINING THE choices that voters around the island will face on Polling Day are fast taking shape, as opposition parties yesterday unveiled more candidates and offered greater clarity on where they will
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    • 427 10  -  Reports by MINDY TAN ALJUNIED GRC, closely battled during the last election, is looking to be one of the most hotly contested GRCs again as the Opposition has said “they are going all out”. But PAP candidate Ong Ye Kung says his team will
      427 words
    • 330 10 SOME 12,000 public transport workers will soon have to be nationally certified with the rolling out of Workforce Skills Qualifications (WSQ) by the third quarter of this year. SBS Transit Ltd (SBST), SMRT Corporation Ltd, Workforce Development Agency (WDA), Employment and Employability Institute and
      330 words

  • FESTIVALS AROUND THE WORLD
    • 1025 11  -  New trends and old traditions come together during Qing Ming festival in Shanghai, reports DEBBIE YONG reports DEBBIE YONG Debbie Yong is a writer who lives in Shanghai, China Brought to you by Ascott IN A bustling city like Shanghai,
      PHOTOS: AFP  -  1,025 words
  • Page 11 Advertisements
    • 150 11 Personal Resident Chefs r v. r 5SRS THE ASCOTT LIMITED A Member of CapitaLand Make Yourself at Home Take time to unwind, for a few nights or more. Being away doesn't mean you have to miss the comforts of home, like whipping up home-made treats in the kitchen with your
      150 words

  • ECONOMY WATCH
    • 613 12  -  2.2% fall in March shipments comes after disruptions in output due to quake By ANTHONY ROWLEY in Tokyo JAPAN’s exports fell faster than expected last month after the March 11 earthquake, tsunami and resulting nuclear crisis disrupted power supplies and brought much of Japanese
      PHOTO: BLOOMBERG  -  613 words
    • 276 12 The Washington Post [WASHINGTON] The Obama administration privately urged Standard Poor’s (S&P) in recent weeks not to lower its outlook on the United States a suggestion the ratings agency ignored on Monday, two people familiar with the matter said. Treasury
      The Washington Post  -  276 words
    • 417 12 Federal jury finds Lee Farkas guilty on 14 counts NYT [NEW YORK] The founder of what was once one of the nation’s largest mortgage lenders was convicted of fraud on Tuesday for masterminding a scheme that cheated investors and the US government
      NYT  -  417 words
    • 412 12 Save-as-you-go schemes will impose automatic spending reductions, taxes Bloomberg [WASHINGTON] US Senate and House members, seeking to break an impasse over curbing the nation’s debt, are looking at a mechanism that would force Republicans to agree to tax increases and Democrats to accept cuts to
      Bloomberg  -  412 words
  • Page 12 Advertisements
    • 1168 12 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) First Quarter 2011 Financial Statement 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2011 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the first quarter ended 31 March
      1,168 words

  • MALAYSIA/INDONESIA
    • 589 13  -  Firm to spearhead RM50m project, touted as another scheme under PM Najib’s ETP By S JAYASANKARAN in Kuala Lumpur SHARES of financially distressed firm Tricubes jumped 66 per cent to hit RM0.16 following Tuesday’s announcement that it will drive the
      589 words
    • 308 13 Reuters [JAKARTA] Foreign direct investment (FDI) in Indonesia rose 11.6 per cent in the first quarter of 2011 from a year before as strong economic growth and abundant natural resources attracted investors. FDI from January to March was 39.5 trillion rupiah (S$5.7 billion), up
      Reuters  -  308 words
    • 608 13 It will use public capital to expand its network, says CEO Bloomberg [KUALA LUMPUR] Tune Hotels Regional Services Sdn, the budget hotel chain owned by Tony Fernandes, head of South-east Asia’s biggest low-cost carrier, may go public in early 2013 to expand its
      Bloomberg  -  608 words
    • 414 13 Reuters [KUALA LUMPUR] Malaysia’s central bank governor Zeti Akhtar Aziz has been reappointed to another five-year term effective May 1, which economists say will lend added stability to the country’s financial sector. Bank Negara Malaysia (BNM) is expected to release the country’s
      Reuters; BLOOMBERG  -  414 words
  • Page 13 Advertisements
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  • GREATER CHINA/INDIA
    • 432 14 Rising ranks of rich, property curbs drive demand for new products: survey Reuters [BEIJING] China’s growing ranks of millionaires and billionaires, which mirror the country’s tur-bo-charged economic growth despite the global financial crisis, point to a boom for the wealth management industry,
      Reuters  -  432 words
    • 371 14 Bloomberg [SINGAPORE] Chinese consumers may purchase about 47 per cent more electric vehicles than the US in a decade, according to a consultant for the World Bank. Plug-in electric vehicles that connect to a power grid to store energy in batteries will
      Bloomberg; AFP  -  371 words
    • 652 14 Bloomberg [NEW DELHI] Indians planning lavish wedding parties may face pressure to slim down their menus, as the government considers curbing celebrations that highlight a growing gulf between rich and poor. Food Minister KV Thomas said on Monday that a panel will consider
      Bloomberg  -  652 words
    • 558 14 Earnings soar 66%, boosted by Chinese high rollers Bloomberg [HONG KONG] Wynn Macau Ltd, a unit of the casino operator founded by billionaire Steven Wynn, climbed to a record in Hong Kong trading as Chinese high-stakes gamblers boosted first-quarter profit by 66 per
      Bloomberg; BLOOMBERG  -  558 words
    • 393 14 Bloomberg [NEW DELHI] Hindusthan National Glass Industries Ltd, India’s biggest glass bottle maker, and an affiliate will spend 9.7 billion rupees (S$270 million) to add capacity to meet rising demand from brewers and builders. The company will spend 2.2 billion rupees to
      Bloomberg  -  393 words
    • 296 14 Bloomberg [BEIJING] China’s legislature is slated to review a plan to raise the minimum individual income tax threshold, the China News Service reported yesterday. The plan before the National People’s Congress would raise the threshold for paying personal income tax to those making
      Bloomberg  -  296 words
  • Page 14 Advertisements
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      95 words
    • 20 14 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices WATS I NOTICES 5
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  • WORLD
    • 463 15 Berkshire investor wants directors to compensate firm for damage to goodwill AP Reuters [WILMINGTON, Delaware] A lawsuit says Warren Buffett and Berkshire Hathaway’sboard hurt shareholders by failing to act swiftly when they found out about stock trades outgoing executive David Sokol made before
      AP; Reuters; AP, AFP  -  463 words
    • 377 15 Bloomberg [NEW YORK] Bank of America Corp, the biggest US lender by assets, plans to wind down its flagship US$5 billion buyout fund as it seeks to preserve capital, said a person with knowledge of the plan. The bank has made
      Bloomberg  -  377 words
    • 405 15 Irving Picard has filed 1,000 suits, earned US$175.5m Bloomberg [NEW YORK] The trustee liquidating Bernard Madoff’s defunct investment firm has said that he has recovered more than US$7.6 billion for investors in the Ponzi scheme against fees of US$175.5 million since Madoff’s arrest. Irving Picard,
      Bloomberg  -  405 words
    • 562 16 US$2.9b earnings come on the back of US$24.6b revenue; EPS rises 17% NYT [NEW YORK] IBM has become a model of predictably solid financial performance, reporting a modest increase in revenue but a greater increase in profit. The giant supplier
      NYT; BT FILE PHOTO  -  562 words
    • 484 16 Bloomberg [PORTLAND] Intel Corp, the world’s biggest chipmaker, has forecast sec-ond-quarter sales that may top analysts’ estimates evidence of booming demand for machines that deliver computing over the Internet. Revenue will be US$12.8 billion, give or take US$500 million, Intel said on Tuesday in
      Bloomberg  -  484 words
    • Article, Illustration
      81 16 [MOSCOW] A monument to Soviet cosmonaut Yury Gagarin, on display earlier this month at the Russian Exhibition Center in Moscow, will be officially un veiled in London on July 14 to mark the 50th anniversary of the first manned flight into space. The statue of the pioneering space
      AP  -  81 words
    • 424 16 Both also agree to share tech assets in US$1.4b deal NYT [NEW YORK] With laptops and desktops ceding computing ground to mobile devices, disk-drive makers are moving quickly to consolidate, amid slumping prices and a changing landscape. In the latest sign of industry contraction,
      NYT  -  424 words
    • 337 16 This follows cut in its forecast for Q2 PC shipments Bloomberg [TAIPEI] Acer Inc fell to the lowest in more than two years in Taipei trading, after the world’s second-larg-est maker of personal computers cut its forecast for second-quarter shipments. Acer dropped 6.9 per
      Bloomberg  -  337 words
    • 420 16 But Yahoo’s Q1 earnings beat Wall Street estimates Reuters [SAN FRANCISCO] Yahoo Inc said an important partnership with Microsoft Corp is taking longer than expected to pay off, but the company posted quarterly earnings that topped Wall Street targets, sending shares up in
      Reuters  -  420 words
    • 546 17 Mining giants’ profit growth come mostly from higher selling prices, not output Reuters [KARRATHA, Australia] Demand for Australian commodities is running white-hot. So too are costs in the country’s remote mining towns, to the point where tiny huts or “dongas” can
      Reuters  -  546 words
    • 323 17 AP [BONNETSVILLE, North Carolina] Shards of glass from old bottles and furniture smashed by a tornado that tore through town littered the concrete floor of Rhonda Carter’s antique store, shattering her plans to open an auction house in nearby Salemburg. “I just had a feeling
      AP; AFP  -  323 words
    • 337 17 OIG has significant deficiencies in its auditing systems Bloomberg [WASHINGTON] The US Commodity Futures Trading Commission’s (CFTC) internal watchdog has “significant deficiencies” in its auditing systems and received a failing grade in a government-required review completed in March. From October 2006 to
      Bloomberg  -  337 words
    • 444 17 Reuters [SYDNEY] BHP Billiton, the world’s biggest mining house, yesterday warned that persistent rains in Australia were delaying a recovery in its coal operations after a devastating March quarter cut production by nearly a fifth. BHP Billiton is the latest miner to caution
      Reuters  -  444 words
    • 326 17 Bloomberg [WASHINGTON] Chief executive officers at 299 US companies had combined compensation of US$3.4 billion in 2010, enough to pay more than 102,000 workers, the AFL-CIO labour federation reported in a study. CEOs averaged US$11.4 million in total compensation in 2010,
      Bloomberg  -  326 words
    • 18 17 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD D SGD 98.25 11/04/11
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    • 577 18 Strong demand, outstripping supply twice over, eases fears for Spain Reuters AFP [MADRID] Spain attracted solid demand at a bond sale yesterday, easing concerns it could be swept up by the contagion hitting other euro zone states. Portugal, negotiating a debt rescue with the
      Reuters; AFP  -  577 words
    • 473 18 Swiss govt finalises legislation on capital standards Reuters [BERNE] The Swiss government pushed ahead yesterday with plans to make UBS and Credit Suisse reach tough new capital standards, saying the benefit to the economy outweighed costs to the banks. As it finalised
      Reuters; REUTERS  -  473 words
    • 415 18 Reuters [LONDON] The Bank of England (BOE) came no closer to raising interest rates this month as concerns about the strength of the economy outweighed inflation risks, further dimming the chance of a hike before August. Its Monetary Policy Committee (MPC)
      Reuters; AFP  -  415 words
    • 311 18 Reuters [DUBLIN] Ireland plans to clear its banks’ boards of the members appointed before the country’s financial crisis struck in September 2008, Finance Minister Michael Noonan said on Tuesday. “I’m not saying that they are personally culpable. I am simply saying that
      Reuters  -  311 words
    • 498 18 LATEST US DATA AP [WASHINGTON] Investors drove up US home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But first-time homebuyers, who are crucial to a housing recovery, stayed away. Sales of previously occupied homes rose
      AP  -  498 words
    • 477 19 Surge boosted by weak US dollar, concerns over eurozone debt crisis Reuters [SINGAPORE] Spot gold prices breached US$1,500 for the first time and silver hit a 31-year high yesterday, supported by a weak dollar and concerns over a sovereign debt crisis in the
      Reuters; AFP  -  477 words
    • 347 19 Reuters [TOKYO] Japan’s top three banks are planning to book a combined loss of 160 billion yen (S$2.4 billion) on their stakes in Tokyo Electric Power Company (Tepco), whose shares have tumbled sharply due to the crisis at its crippled nuclear
      Reuters  -  347 words
    • 178 19 No income tax likely for funds that have passive investments Reuters [SYDNEY] The Australian government yesterday said it was considering tax exemptions for sovereign wealth funds (SWFs) that have passive investments in Australian assets. Commenting on a paper discussing the options on tax,
      Reuters  -  178 words
    • 379 19 Reuters [SYDNEY] Australia’s export prices rebounded last quarter, courtesy of voracious Asian demand for the country’s commodity riches, lifting the terms of trade to near-historic heights and fuelling a boom in mining investment. Yesterday’s data showed export prices climbed 5.2 per cent in
      Reuters  -  379 words
  • Page 15 Advertisements
    • 3932 15 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SQ CORPORATION (S) PTE LTD. Company Registration No.: *****6090N (In Members’ Voluntary Liquidation) At an EXTRAORDINARY GENERAL MEETING of memberofSQ CORPORATION (S) PTE LTD. (“the Company”) deemed held at
      3,932 words

  • Page 16 Advertisements
    • 33 16 HEALTH IS WEALTH Indians in Singapore pay more attention to this saying now... and that’s a healthy sign GO WEST... IF YOU’RE LOOKING FOR PROPERTY GETYOUR COPYTODAY FROMALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      33 words

  • Page 17 Advertisements
    • 7 17 Local apparel industrylearnsand improves asitgoes global Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      7 words
    • 140 17 ICONIC 67-STOREY HIGH TOWER ONLY IN PRIME MELBOURNE CITY -*S: V R!: J L £J2jk II>« <■ FREEHOLD ik1r.ai.4m, AS.aaaA >' t.~" 1 f}' -M I h |P V Melbourne Property Exclusive Pre-Launch Sunday Only 24th April 2011 From 11am to 7pm The Pines Pines 1 Upper Level, 30 Stevens
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  • Page 18 Advertisements
    • 253 18 THE SME MAGAZINE PRESENTS BUSINESS RECOVERY WHEN MARKET CONDITIONS CHANGE Chia Kim Piow Chairman Managing Director Rotary Engineering Limited, Businessman of the Year Singapore Business Awards Te Singapore Business Awards Businessman of the Year and Enterprise winner will share with SMEs how to react to changing market conditions brought about
      253 words


  • EDITORIAL & OPINION
    • 438 20 EDITORIAL THE 2008 financial crisis was a watershed for Singapore’s retail investors. The failure of hundreds of millions of dollars’ worth of structured products linked to the bankruptcy of Lehman Brothers marked a first in many respects. It sparked a concerted effort to
      438 words
    • 788 20  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE airing of corruption scandals in India has led to a wave of revulsion, anger, and a desire for change among the middle classes. The crusader
      788 words
    • 1090 20  -  It appears the future has already arrived and the present order is slipping into the past ANTHONY ROWLEY Tokyo Correspondent TWO events that occurred this week, both of a very different nature and in places very far apart, have confirmed in my mind that the
      AFP  -  1,090 words
    • 1332 21  -  Using a new model for strategic drug development, the region can foster a reinvigorated, need-based biopharmaceutical sector By AMAR KUREISHI The writer is VP, chief medical officer and head of strategic drug development (Asia) at Quintiles, an integrated bio and pharmaceutical services provider offering
      BLOOMBERG FILE PHOTO; Source: Quintiles  -  1,332 words
    • 780 21  -  By MARTIN MARTIN HUTCHINSON REUTERS BREAKINGVIEWS FIVE years on from their peak, there’s still no bottom in sight for America’s house prices. After rising from a trough in 2009, prices are falling again and market activity is very thin. It’s another complexity for monetary
      REUTERS; BLOOMBERG FILE PHOTO  -  780 words
    • 297 21  -  LETTER TO THE EDITOR Jennifer Toh Deputy Director (Corporate Communications) Central Provident Fund Board IN “Time to raise the bar on CPFIS stocks” (BT, April 14), your correspondent R Sivanithy suggested tightening the CPF Investment Scheme (CPFIS) rules on stocks to safeguard CPF savings.
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  • AVIATION
    • 895 22 Advertising full fare including taxes, tarmac delay limits among new moves NYT [NEW YORK] The US government was scheduled to announce a new set of passenger protections yesterday aimed primarily at travellers’ growing frustration over airline fees. Although the rules do not set
      NYT; AP  -  895 words
    • 347 22 Bloomberg [SEATTLE] Air Lease Corp, the jet-leasing company led by Steven Ud-var-Hazy, surged 5.5 per cent on its first day of trading after raising US$802.5 million in the industry’s largest initial public offering in the United States. The Los Angeles-based company sold
      Bloomberg  -  347 words
    • 130 22 Bloomberg [DOHA] Qatar Airways Ltd plans an order from General Electric Co, the world’s largest maker of jet engines, at the Paris air show in June and may buy a stake in another airline. “We will soon announce a very
      Bloomberg  -  130 words
    • 647 22 AP [WASHINGTON] Air traffic controllers directed a plane carrying US First Lady Michelle Obama to abort a landing at Andrews Air Force Base because it was too close to a military cargo jet, officials said on Tuesday, in yet another embarrassment for
      AP  -  647 words
    • 3186 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 EY473 1955 VA7473 1955 Adelaide LH9771 1745 QF52 2125 SQ278 1745 LH9770 2350 VS7278 1745 SQ279 2350 9W4081 1820 VS7279 2350 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820
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  • Page 22 Miscellaneous
    • 326 22 CRYPTIC CROSSWORD Across 1 Intellectual pap or something more worth chewing over? (4,3,7) 9 Pull girl round, one not keeping up (7) 10 Stress of numbers at home possessing nothing (7) 11 Conclusion of news, last bit broadcast (4) 12 Waste material recycled in camps later (5,5) 14 Politicians issuing
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  • Page 23 Advertisements
    • 59 23 Legal services required by shippers owners Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 inc UU-jiiycjj IIIVICJ SHIPPING TIMES Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE
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  • SHIPPING
    • 3902 23 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam
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    • 494 24 Conference also seeks financial aid to Somalia to build economy, security PIRACY CONFERENCE AP [DUBAI] Diplomats and shipping industry officials wrapped up a counter piracy conference in Dubai on Tuesday by calling for a stronger public-private effort to tackle Soma-lia-based pirates preying on international
      AP; XINHUA  -  494 words
    • 289 24 Bloomberg [LONDON] The cost of shipping Middle East oil to Asia, the world’s busiest route for supertankers, fell for a seventh day as an excess supply of vessels cut the amount that owners could charge for charters. Charter rates for very large crude
      Bloomberg  -  289 words
    • 992 24 Supporters see economic benefits, opponents cite damage from visitor influx NYT [CHARLESTON, South Carolina] A plan to open a new cruise ship terminal next year has ignited a debate over the future of this historic city. Supporters of the project, including
      NYT  -  992 words
    • 278 24 SGX '000 Apr 20 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.22 -0.01 250 Cosco Corp 2.35 0.03 ***** CWT Ltd 1.39 0.01 1956 Ezra Hldgs 1.70 -0.01 2208 First Ship Lea 0.41 unch 382 Freight Links 0.07 unch 337 Grand Banks 0.40 0.02 18
      278 words


  • SINGAPORE STOCKS
    • 8507 25 Transaction date: Apr 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5cd unch 200 17.5 17.5 16.5 17.5 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7cd -0.5 81
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    • 1553 26 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 7 4 t AA Grp 4 3.5 5 19 3.9 225 145 t APStrategic 170 160 174 100.9 1.5 0.5 t Advanced
      1,553 words
    • 9784 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.1/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • 236 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53 50.5 55 3.6 6.6 4.2 138 55 16 Genting HK US$ US43.5 +0.5 ***** 44 43 43.5 44 2864.3 21 10 Over&Gen A14
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    • 824 26 52-Wk Last Vol Day LastQuote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112 +0.9 15 112 110 111.1 112.9 511.3 1075 761 CIMBAsean40 100US$ US1050 unch 10 1050 1040 1051 1058 42 350
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  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 19 Index Change Change Change Change Change Change World Index Preliminary 909.7 0.0 1.3 -0.1 0.2 0.3 3.2 EAFE Preliminary 789.9 0.0 -1.4 0.1 -0.8 0.4 2.1 Europe Preliminary 1174.3 0.6
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    • 180 27 Apr 20 $S Offer Bid 0vernight 0.08 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.125 US$ Offer Bid 7 days 0.23 0.13 1 month 0.33 0.23 2 months 0.38 0.28 3 months 0.42 0.32 6 months 0.52 0.42 9 months 0.75 0.55 12
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    • 22 27 Apr 20 S$ Bid Offer 1-month 1.2402 1.2413 2-months 1.2402 1.2412 3-months 1.2401 1.2411 6-months 1.2398 1.2409 Source: OCBC
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    • 121 27 Apr 20 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.354 1.278 Can dollar 1.324 1.274 Euro 1.817 1.748 Sterling pound 2.066 1.987 NZ dollar 1.011 0.963 US dollar 1.26 1.212 Local dollars to 100 units of foreign
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    • 27 27 Apr 20 Open High Sett STI Apr 3153 SIMSCI Apr 367.8 373.4 372.8 Taiwan Apr 303.7 312.2 311.5 Source: MF Global (S) Pte. Ltd
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    • 65 27 Apr 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3322 3375 3380 3322 1682 8574 Jun 11 3288 3355 3355 3284 3910 ***** Jul 11 3278 3315 3336 3265 ***** ***** Aug 11 3260 3325
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    • 469 27 Apr 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6950 0 3643 Sep11 99.6250 0 2257 Dec11 99.5050 0 1783 Mar12 99.3150 0 5376 EUROYEN TIBOR FUTURES Jun11 99.6750 99.6750 99.6750 99.6750 0 5402 Sep11 99.6725 0 1533 Dec11 99.6650 0 1991 Mar12 99.6475 105
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    • 142 27 Apr 20 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 585.0 585.0 589.0 3 Jun 11 575.0 560.0 575.0 21 Jul 11 565.3 Aug 11 558.3 Sep 11 551.0 20 Oct 11 546.0 Nov 11 546.0 Dec
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    • 75 27 Apr 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 21.07.2011 0.24 1-Year BY*****N 01.11.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.23 5-Year N*****0W 1.125 01.04.2016 99.96 10-Year NY*****N 3.250 01.09.2020
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    • 107 27 Apr 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1342.00 1344.25 1349.00 1336.50 Jul 11 1354.00 1355.75 1360.50 1348.00 Aug 11 1357.50 1356.75 1361.75 1349.75 Sep 11 1355.00 1352.75 1357.75 1346.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 57.53
      107 words
    • 77 27 CRUDE OIL PRODUCTS Apr 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 120.92 -0.36 WTI (Near Mth) 107.77 0.40 Dubai (1-Mth F) 113.46 -2.24 Tapis blend 127.55 -2.70 Minas 123.95 -2.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 113.22 -2.95 Jet Kerosene 136.50 -2.10 US$/barrel Opec Oil
      77 words
    • 2681 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 23 1 104 1 10 -12 1.63 55 Asia-Pacific Strategic W*****6 24 1 150 2 7.08 37 ASJ Hldgs W*****1 1.5 1 4 22 3.00 10 AlliedTech W*****2
      2,681 words
    • 464 27 Apr 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.011 6.925 0.736 8.254 47.127 91.867 0.879 11.481 3.200 1.334 89.516 45.930 1.317 7.201 0.950 30.779 31.800 0.611 1.061 Canada 0.989 6.849
      464 words
    • 85 27 Apr 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 27 Apr 20 GOLD (US$/oz) Apr 20 Apr 19 Hong Kong 1502.20 1493.00 Apr 19 Apr 18 London 1491.40 1491.67 1492.18 1492.44 Source: Thomson Reuters CAST BAR Apr 20 (S$) Selling Buying Kilobar 63,947.48 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 143 60 5gm 407 298 10gm 726
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    • 71 27 Apr 19 Apr 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2695.75 2655.75 3 months 2714.00 2674.00 Copper, Grade A (US$/tonne) Cash 9317.75 9203.50 3 months 9340.00 9225.00 Lead (US$/tonne) Cash 2602.00 2592.00 3 months 2557.00 2528.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 154 27 Apr 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3161 1.3175 1.0611 1.0614 Canadian dollar 1.3017 1.3031 1.0495 1.0498 Euro 1.7888 1.7906 1.4422 1.4425 NZ dollar 0.9868 0.9878 0.7956 0.7958 Sterling pound 2.0289 2.0309 1.8358 1.6361
      154 words
    • 84 27 Apr 19 COCOA (£/tonne) Close Prev High/Low May 11 1924 1927 1936/1911 Jul 11 1929 1931 1943/1913 Sep 11 1945 1948 1955/1929 Dec 11 1961 1964 1971/1941 COFFEE (US$/tonne) Close Pev High/Low May 11 2428 2414 2450/2405 Jul 11 2452 2425 2470/2420 Sep 11 2469 2443 2482/2437 Nov 11
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  • BizIT
    • 1013 28  -  Microsoft will take cloud version of its Office suite to users here over the Internet through StarHub, reports VICTORIA HO reports VICTORIA HO MICROSOFT on Tuesday released its online Web-based office suite, Microsoft Office 365, into public beta. This brings the cloud version of Microsoft
      1,013 words
    • 430 28  -  Number of attacks go up but data loss sharply down: report By HOON YI SHYUAN LARGE-SCALE, difficult attacks are falling out of favour amongst cyber criminals, who are choosing small, automated attacks, according to a Verizon study. It found data loss through cyber
      430 words
    • 255 28 Reuters [HONG KONG] Apple Inc suppliers will begin production of its next-generation iPhone in July this year, with the finished product likely to begin shipping in September, three people familiar with the matter said yesterday. The new smartphone will have a faster processor
      Reuters; REUTERS  -  255 words
    • 281 28  -  By MAXIE AW YEONG SOME 4,000 Nanyang Polytechnic (NYP) students are set to be drilled in the technical know-how of cloud computing, thanks to a three-year tie-up with software giant Microsoft. Under the agreement, an NYPMicrosoft Cloud Innovation Centre will be set up within
      281 words

  • PROPERTY
    • 866 29 Property developers are sacrificing height and glitz for better returns Bloomberg [LONDON] London property developers are sacrificing height and glitz for better returns as the craze for building iconic skyscrapers comes to an end, said Ken Shuttleworth, the architect of the landmark
      Bloomberg; BLOOMBERG  -  866 words
    • 1705 29 H ousehunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 15 WITH CONTRACT DATES BETWEEN MARCH 23 AND MARCH 29, 2011 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 25/03/2011 99 710 1846 2600 One Shenton Apt
      1,705 words
    • 1128 30  -  It also secures Citic as latest office tenant for its Tower 1 By KALPANA RASHIWALA SINGAPORE’S financial district can soon look forward to a new foodcourt at Asia Square Tower 1 which will boast express sub-brands of well-known restaurants such as Imperial Treasure and
      1,128 words
    • 367 31  -  17% jump to $1.69 psf per month in second half of last year: Colliers By UMA SHANKARI SINGAPORE retained its position as the seventh most expensive warehouse location worldwide in the latest edition of Colliers International’s bi-annual industrial property report. Prime warehouse
      367 words
    • 635 31 Bloomberg [WELLINGTON] Bankers and brokers are moving out of downtown Christchurch, six miles from the epicentre of New Zealand’s deadliest earthquake in 80 years. Forsyth Barr Ltd, the nation’s biggest trader of bonds for retail investors, signed a six-year lease at Hazeldean, an office park
      Bloomberg  -  635 words
    • 422 31  -  By UMA SHANKARI HEETON Holdings, KSH Holdings and TEE International have sold 39 apartments at their high-end Killiney Road residential project, The Boutiq, at an average price of $2,350 per square foot (psf). The companies said yesterday that 75 per cent
      422 words
  • Page 29 Advertisements
    • 36 29 Your Industrial Needs Our Industrial Expertise Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636 I savills.com savills AGENCY NO. L*****88B
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  • Page 30 Advertisements
    • 436 30 ft mV JONES LANG W LASALLE Jones Lang LaSalle Property Consultants Pte Ltd Agency Licence No. L*****26E FOR SALE BY EXPRESSION OF INTEREST 2 Havelock Road Prime Office Investment Opportunity EOI Closing Date: 11 May 2011 3pm 7-storey CBD office building Recent high quality refurbishment 5 mins walk to Clarke
      436 words
    • 175 30 COLLECTIVE SALE Tender closing 12 May (Thurs) 3pm CHONG KIM APARTMENT TT Thomson Rd NewtonRdU MandalayRd Akyab Rd Bassein Rd NOVENA MRT Square 2/ Velocity Revenue House Moulmein Rd United Square St.Joseph’s Institution Junior Freehold Land area 15,359.2 sf Potential state land purchase of 1,500 sf (estimated) Plot Ratio 2.8/
      175 words
    • 65 30 8, Lady Hill Road GCB For Sale By Tender Exclusive Agent: Compass Holdings Pte Ltd Land 2 Storey Detached House on Elevated Land Site Area 16,052 sqft 1491.8 sqm (Approx) Tenure FreeHold Status Selling with vacant possession Viewing by Appt on 23rdApr (Sat) TENDER CLOSING DATE 28 APRIL 2011 (THUR),
      65 words

  • Page 31 Advertisements
    • 236 31 4.4 ACRES FREEHOLD RESIDENTIAL DEVELOPMENT SITE W "Actual view from 23rd storey rooftop The BEST of District 15 LARGEST remaining site on Meyer Road 4.4 acres approximately 192,340 sq ft of freehold land Masterplan Plot Ratio 2.8 up to 36 storeys 130m wide frontage on Meyer Road and coastline Unblocked
      236 words
    • 382 31 The NUS Institute of Real Estate Studies (IRES) INVITES YOU! “Asian Real Estate: Will the Boom Never End?” 19th May 2011 (Thursday), 9 am 2 pm The Jurong Room, Shangri-la Hotel Singapore You Cannot Miss This Thought Leadership Forum! For any corporate professional or business leader, this IRES Forum presents
      382 words

  • Page 32 Advertisements
    • 157 32 A SMOOTH RIDE INTO THE FUTURE. WEALTH. WHAT'S IT TO YOU? Tomorrow is going to be an exciting place. The best way to make the most of it is to start planning today. At Barclays Wealth our extensive resources and high levels of expertise are concentrated on your goals, helping
      157 words