The Business Times, 26 May 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, May 26,2011
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  • 858 1  -  Airline to launch long-haul budget carrier to target new market segment, but some say it’s a gamble By VEN SREENIVASAN [SINGAPORE] In a move which took many market watchers by surprise, Singapore Airlines (SIA) yesterday announced that it is starting up a
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  • 145 1 G ST INDEX 3,118.65 (+5.56) G ST INDEX FUTURES 3,111 (+9) G SIMSCI 362.92 (+0.57) G SIMSCI FUTURES 363.50 (+1.90) FOREX US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.615 2.020 EURO (US$/S$/E) 1.403 1.755 Foreign currency per US$ S$ YEN 82.10 65.60 RM 3.064 2.450 HK$
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  • 906 1  -  Belysa project feels the buzz while fresh site worth some 720 homes is launched By KALPANA RASHIWALA [SINGAPORE] Executive condos, a hybrid of public and private housing, are back in the spotlight. Yesterday, the government launched the 11th EC site since last
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  • TOP STORIES
    • 825 2  -  Emerging economies yet to agree on candidate; Mexico offers central banker By ANTHONY ROWLEY in Tokyo FRENCH Finance Minister Christine Lagarde, who announced her candidacy for the IMF’s top position yesterday, will almost certainly secure the prestigious appointment “by default”, sources
      AFP  -  825 words
    • 367 2  -  By KALPANA RASHIWALA [SINGAPORE] Anson House has been sold for $148 million or $1,916 per square foot of net lettable area to a property fund managed by ING Real Estate. Savills Singapore is understood to have brokered the sale through a private
      FILE PHOTO  -  367 words
    • 539 2 SIA bets on ‘budget baby’ to fly further IN a move which took many market watchers by surprise, Singapore Airlines yesterday announced that it is starting up a wholly-owned long/medium-haul budget carrier. The company is applying for an Air Operators Licence and operations are expected to begin within
      539 words
    • 534 4  -  Firms ‘extremely concerned’ by increase in audits and probes: KPMG By MICHELLE QUAH [SINGAPORE] Companies in Singapore are increasingly concerned about investigations and queries from the tax authorities, as well as penalties for non-compli-ance with tax legislation. In fact, companies said this is
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    • 636 4  -  Republic’s expertise in venture capital market will help By LEE U-WEN WITH a “relatively small” venture capital market to speak of, New Zealand hopes to tap Singapore’s expertise in this area en route to developing a mutually beneficial partnership, its Deputy
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    • 715 4 AFP Bloomberg [PARIS] Crisis still stalks the global economy with stagflation lurking and Japan set for recession this year, even though overall activity is staging a moderate recovery, the OECD said yesterday. The Organisation for Economic Cooperation and Development held its 2011
      AFP; Bloomberg  -  715 words
    • 371 4 Bloomberg AFP AP [LONDON] President Barack Obama said the US and Europe must keep leadership in the world even as rapidly growing nations such as China, India and Brazil take greater economic and strategic roles. In a rallying call to the Western world,
      Bloomberg; AFP; AP  -  371 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1772 4 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCL LAND (ROBERTSON QUAY) LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5307G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 78 Shenton Way,
      1,772 words
    • 19 4 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES
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  • COMPANY NEWS
    • 400 5  -  24% plunge comes after six-fold rise since January IPO to Tuesday’s $1.97 HOT STOCK By LYNN KAN IT’S what they call a rise and fall. Shares of Catalist-listed Zhongmin Baihui Retail Group tumbled as much as 48 cents or 24 per cent to $1.49
      400 words
    • 516 5  -  Initiatives include polytechnic financial literacy programme By MICHELLE QUAH THE Association of Chartered Certified Accountants (ACCA) and the Securities Investors Association Singapore (SIAS) will be collaborating on a number of initiatives, including their first joint research on the value of audit from an
      516 words
    • 549 5  -  Exits total US$85b in April and May, up 5% from Q4 2010 By JAMIE LEE SELLING mania by private equity firms has extended into the second quarter, with buyout exits hitting a fresh high in value terms. This also comes amid the funds’
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    • 302 5 Reuters [DUBLIN] StarHub, Singapore’s second-biggest telecom firm, is unlikely to follow larger rival Singapore Telecommunications (SingTel) with a special dividend this year, its chief executive said on Tuesday. “I don’t think we will be doing anything special this year,” Neil Montefiore told
      Reuters  -  302 words
    • 591 6  -  Group plans to launch 3 private funds raising at least US$1.1b by 2013 By EMILYN YAP MAPLETREE Investments Pte Ltd a real estate group owned by Temasek Holdings yesterday posted a 90 per cent year-on-year surge in full-year net profit to S$747 million as leasing and
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    • 394 6  -  By MICHELLE TAN GLOBAL investors are starting to explore beyond traditional aspects of performance data to derive greater insight into their fund managers’ business as well as strategies. For one thing, investors are starting to place greater emphasis on non-invest-ment aspects such as risk
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    • 392 6  -  Proposal to acquire United Securities at 5.58 baht a share By LYNETTE KHOO SHARES of UOB-KayHian Holdings’ Thai subsidiary surged yesterday on news of the unit’s bid to take over a Thai rival. UOB Kay Hian Securities (Thailand) has proposed
      392 words
    • 852 6 Its size has won it fast-track entry to seven FTSE indexes Bloomberg [TOKYO] Glencore International plc’s debut in Hong Kong yesterday in the world’s biggest initial public offering (IPO)this year may tempt investors to switch from rival Asian commodity traders. Glencore, based in
      Bloomberg  -  852 words
    • 475 7  -  It is also taking over operatorship from Australia’s Neon Energy By RONNIE LIM SINGAPORE-based exploration and production (E&P) company KrisEnergy set up by the founders of former SGX-listed Pearl Energy said it is upping its stake to 50 per cent
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    • 487 7  -  Bid to make gold mining core business as profit falls 67% By FELDA CHAY THE Think Environmental Company (TTEC), whose shares have soared in recent months on its gold mining ventures, yesterday said it is looking to dispose its renewable energy business and turn gold
      487 words
    • 245 7  -  By TEO SI JIA EDUCATION and training services provider Informatics Education posted a net profit of $2.56 million for the full year ended March 31, 2011, down 35 per cent from the preceding financial year’s $3.96 million. Revenue fell 8 per cent from $39.21 million
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    • 162 7 Bloomberg COMMODITY hedge funds and active-ly-managed products beat returns from funds that track commodity indexes over the past six years, and they offer investors a way of diversifying away from equities, Barclays Capital said. Money managers returned an average of 10.6 per cent
      Bloomberg  -  162 words
    • COMPANY BRIEFS
      • 39 7 CHINA Essence Group’s net profit for the year to March 31, 2011, rose 22 per cent to 166.7 million yuan (S$32 million). Revenue grew 20 per cent to 998.9 million yuan.
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      • 57 7 CONTROLLING shareholder China Print Power will offer an additional nine million shares for sale in China Print Power Group’s planned listed on the Hong Kong exchange. The sale will reduced its controlling stake in the company to about 53.26 per cent of the enlarged
        57 words
      • 49 7 TMC Education Corp warned that it is expected to report a loss before tax for the financial year ending June 30, 2011. The loss is mainly due to the lower number of students recruited for its academic programmes during the year.
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      • 35 7 PACIFIC Andes Resources yesterday received in-principle approval from the Singapore Exchange for listing of up to 570 new shares in relation to its proposed Taiwan Depository Receipt listing.
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      • 76 7 CHASEN Holdings’ net profit attributable to shareholders surged 46 per cent year on year to $3.42 million for the fourth quarter ended March 31, 2011. This was despite revenue falling 22 per cent to $17 million. Full year profit surged 65 per cent to
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    • 337 5 Bank Julius Baer Co. Ltd. Consolidated Balance Sheet 2010 2009 Change Assets CHF1000 CHF1000 CHF1000 Cash 1 118 220 2 812 217 -1 693 997 Due from banks 7 227 693 6 643 744 583 949 Loans 13 762 220 10 380 700 3 381 520 Trading assets 3 752
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    • 323 5 AUTOMOBILE MEGAMART USED CAR DISPLAY LOTS FOR SALE BYTENDER Address 61 Ubi Avenue 2 Description 5 individual used car display lots #04-01, #04-12, #04-19/20 #05-17 Sizes 257 sqm to 278 sqm Tenure 30 years wef 19 July 1996 Tenancy Units will be sold subject to existing tenancies TENDER CLOSING DATE:1
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  • Page 6 Advertisements
    • 1515 6 ii ■mTMKiiiiKtasBSt; •1 IHtil ]ll*>1» Philippine National Bank and Subsidiaries ASSETS Cash and Other Cash Items J Due from Bangko Sentral ng Pilipinas Due from Other Banks Interbank Loans Receivable Securities Held Under Agreements to Resell Financial Assets at Fair Value Through Profit or Loss Available-for-Sale Investments Loans and Receivables
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  • Page 7 Advertisements
    • 156 7 Future CHinA SINGAPORE FutureChina Global Forum 2011 11 -12 July 2011 Shangri-La Hotel Singapore China in the Next Phase: Marching to a New Drumbeat Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including Organizer BUSINESS CHINA SINGAPOJ Platinum Sponsors TEMASEK wilmar Lee Kuan
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    • 652 7 NOTICE OF COURT MEETING IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons Number 353 of 2011/J In the Matter of Verigy Ltd. (RC No. *****1091C) and In the Matter of Section 210 of the Companies Act, Chapter 50 SCHEME OF ARRANGEMENT under Section 210 of the Companies
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  • SINGAPORE MARKETS
    • 536 8  -  Factors such as late recovery by Wall Street futures, a rebound in Hong Kong and flattish opening in Europe helped STOCKS VEN SREENIVASAN Senior Correspondent A LATE recovery by Wall Street futures, a rebound in Hong Kong and a flattish opening in Europe saw
      Source: Bloomberg  -  536 words
    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 6 0 0 0 3 7 6 Manufacturing 43 41 72 4 6 8 47 47 80 Commerce 15 24 18 2 5 4 17 29 22 Tpt/Stor/Comms 14 12 17
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    • 120 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 28,731 28,731 66,985 66,985 Manufacturing 169,233 17,717 186,950 219,825 1,237 221,061 Commerce 77,637 8,149 85,786 105,584 8,806 114,390 Tpt/Stor/Comms 83,628 3,162 86,790 162,188 359 162,547 Finance 13,385 13,385 143,926 143,926 Construction 27,244 578 27,822 9,905
      120 words
    • 107 8 Stock name Close Change CapMallsAsia 1.620 CapitaLand 3.110 +0.010 CapitaMall 1.930 +0.010 CityDev 11.000 -0.020 ComfortDelGro 1.440 DBS Grp 14.700 +0.080 F&N 5.960 -0.020 GLP 2.000 +0.020 Genting SP 2.010 +0.010 Golden Agri 0.685 +0.010 HK Land 7.380 -0.030 JMH 51.420 +0.520 JSH 29.660 -0.220 Jardine
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    • 4 8 DAILY
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    • 65 8 May 25 VALUE CLOSE BT OB/OS -422.00-100.00 BT CADI -*****.00 -17.00 BT 10-day MA -*****.00 -42.00 FTSE ST Mid Cap 755.30 +0.41 FTSE ST Small Cap 531.34 +1.06 FTSE ST All Share 764.74 +1.22 FTSE ST China Top 263.40 -0.33 FTSE ST China 300.63 +0.43 FTSE ST
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    • 56 8 VOLUME Bund Center Inv 154,412,000 Golden Agri 88,931,000 Allgreen 80,410,000 Genting SP 55,171,000 Transcu Grp 49,848,000 Artivision 30,041,000 IndoAgri 28,893,000 EuNetworks 20,236,000 NexGenSCom 19,870,000 Infinio 19,471,000 VALUE($) Allgreen 128,630,230 Genting SP 109,976,500 Golden Agri 60,071,915 UOB 51,988,698 IndoAgri 48,595,890 SingTel 47,327,224 Wilmar 45,075,790 DBS Grp 39,477,200 OCBC
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    • BROKERS’ TAKE
      • 255 8  -  May 25 close: $3.97 KIM ENG RESEARCH, May 25 Compiled by JOYCE HOOI WE recently visited Keppel Land’s residential projects in Chengdu and Tianjin and went away still positive about the medium- to long-term potential of its investments in China. The Tianjin Eco-city project, in particular, could serve
        255 words
      • 132 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
        132 words
    • 597 8 CURRENCIES Reuters [NEW YORK] The euro fell to a record low against the Swiss franc and weakened against the dollar yesterday on uncertainty over Greece’s debt crisis that could keep the single currency under heavy pressure in the near
      Reuters  -  597 words
    • 110 8 BY CENTS CLOSE UP JMH 5142 65.0 1.0 Lyxor AsiaRE 10US$ 938 55.0 4.9 DBXT S&P Short 10US$ 4273 46.3 0.9 OCBC Bk 5.1%NCPS 100 ***** 40.0 0.4 GLD 10US$ ***** 28.8 0.2 DBXT MSCHINA 10US$ 1259 17.5 1.1 TIH 248 16.0 6.9 DBXT MSBrazil 10US$ 696 15.0 1.8
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    • 120 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-206.3 -1.4 DBXT FTVietnam 10US$ 2545-131.3 -4.0 DBXT MSKorea 10US$ 6011 -91.3 -1.2 DBXT MSEurope 10US$ 4757 -70.0 -1.2 DBXT SPASX200 10US$ 3511 -65.0 -1.5 DBXT MSAsExJp 10US$ 3321 -40.0 -1.0 ZhongminBH 164 -33.0 -16.8 Pru 500US$ 1148 -32.5 -2.2 JSH 2966
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  • Page 8 Advertisements
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  • 1874 9 The Journey Continues Indonesia Market Outlook 2011 MANY countries are facing great challenges today.The US is still fighting to lower its unemployment rate and budget deficit, while Europe is struggling to resolve its mounting debt problem. The BRIC (Brazil, Russia, India and China) countries, considered a major engine of global
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  • Page 9 Advertisements
    • 89 9 THE INAUGURAL CROSS-BORDER INVESTOR RELATION ROADSHOW IN SINGAPORE 28May2011(Saturday) 8.30amto5.30pm SPH News CentreAuditorium, 1000Toa Payoh North Singapore *****4 Register Now www.IndonesiaGems.com WIN ATTRACTIVE PRIZES!! Apple iPad 2 (3 prizes) ShareInvestor membership subscription (10 prizes) Business Times subscription (5 prizes) Don’t miss the bull-run in a market that has grew 40%
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  • SINGAPORE NEWS
    • 522 10  -  This is a concern for audit firms and they have to do more, says I CPAS president By MINDY TAN LESS than one in two final year accounting graduands are intending to join the external audit field, according to a
      522 words
    • 257 10  -  By LYNN KAN THE skilled workforce enjoyed average salary bumps of between seven and 10 per cent last year, according to an annual survey of salary trends. The strength of the job market in Singapore will continue given Singapore’s projected prosperity in 2011. Against that
      257 words
    • 167 10 JAPANESE businessmen yesterday praised Singapore’s former prime minister Lee Kuan Yew for his role as the “founding father” of Singapore, ensuring the nation’s economic growth in a climate of political stability. On his first visit to Tokyo since stepping down from the
      167 words
    • 889 10  -  It has since added 545 more people in the past five months By SIOW LI SEN CITI Singapore last year saw its net profit slip below the $1-billion mark, hit by record low interest rates, lack of a one-time gain and higher
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    • 512 10  -  HK dollar peg to greenback likely to stay for a long time By LYNETTE KHOO IT could take another 5-10 years before the renminbi can become fully convertible, says Citi Bank International (CBI) chief economist and strategist Liao Qun. In China’s push
      512 words
    • 419 10  -  By MAXIE AW YEONG FINANCE executives worldwide plan to deploy more capital towards mergers and acquisitions (M&A), and also to marketing, sales, and customer service, according to the American Express/CFO Research Global Business Spending Monitor results. With eight in 10 respondents citing a
      419 words

  • SINGAPORE ARTS FESTIVAL
    • 703 11  - Sending all the right signals to nobody Setting the greatest radio speeches of the past century to music, Airwaves stirred up much food for thought, writes CLARISSA TAN writes CLARISSA TAN AIRWAVES, the jazzy “musical” that took place at the School of the Arts several nights ago, was a unique,
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    • 518 11  -  In ‘Inhabitants’, the audience is guided through several tableaux By DYLAN TAN DON'T expect to sit down at Teatro de los Sentidos’ performance of Inhabitants. In fact, don’t even expect to have a seat in the first place. Unlike conventional theatre, there is no
      TEATRO DE LOS SENTIDOS  -  518 words
    • 540 11  -  Cast of 2 enthrall audience with their chemistry and great comic timing By REBECCA LIU “TO fly, to fly, is everything,” proclaims Orville Wright (Robin Hemmings), and so too did The Wright Brothers soar in a gripping stage retelling of the first powered
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  • ECONOMY WATCH
    • 733 12 Some bankers say economy on firmer ground, but inflation fears mounting [CAPE GIRARDEAU, Missouri] Federal Reserve officials on Tuesday expressed confidence in the US economic recovery despite high gas prices and European financial jitters, and one suggested the US central bank could reverse
      BLOOMBERG  -  733 words
    • 284 12 Bloomberg [SYDNEY] An Australian index of leading economic indicators climbed in March as the nation underwent a mining investment boom. The index, a gauge of future economic growth, rose 0.5 per cent from a month earlier to 284.5, Westpac Banking Corp and the
      Bloomberg  -  284 words
    • 626 12 But he stresses that the central bank will stay vigilant on risks Reuters [TOKYO] Japan’s economy is already showing signs of recovering from a slump that followed a devastating earthquake in March, Bank of Japan Governor Masaaki Shirakawa said yesterday while stressing
      Reuters; AP  -  626 words
    • 466 12 Two-year securities draw a yield of 0.560 per cent Bloomberg [NEW YORK] Treasuries rose, pushing two-year note yields towards the lowest level this year, after the US government’s US$35 billion auction of the securities had the highest level of demand since January. The securities
      Bloomberg  -  466 words
    • 423 12 Reuters [LONDON] Britain’s economy made a sluggish start to the year as an improved trade performance was more than offset by the sharpest fall in household spending since the recession, a second estimate of gross domestic product (GDP) showed yesterday. The figures highlight
      Reuters  -  423 words
    • 352 12 Reuters [BERLIN] Germany’s economy should grow faster this year than previously expected, expanding 3.5 per cent due to both expanding exports and domestic business, the German Chamber of Industry and Commerce (DIHK) said yesterday. The DIHK’s latest thrice-yearly survey said that growth
      Reuters  -  352 words
  • Page 12 Advertisements
    • 34 12 GOING VEGETARIAN ome do so or spiritual reasons, others for health and yet others or the ood of the ronment SWIFT SHANTI LIKES MUM’S CHICKEN CURRY GETYOUR COPYTOMORROW FROMALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • MALAYSIA/INDONESIA
    • 474 13  -  Airline hit by fuel spike, strengthening ringgit, softening travel demand By PAULINE NG in Kuala Lumpur MALAYSIA Airlines has posted a loss of RM242 million (S$98.6 million) for the first quarter to end March as fuel costs surged by a third more to RM1.3
      474 words
    • 453 13  -  Politics of aid reigns supreme as BN eyes people’s support in expected elections, say analysts By S JAYASANKARAN in Kuala Lumpur THE Cabinet yesterday deferred a decision on whether to slash subsidies on fuel and electricity, underscoring the politics of aid in Malaysia. Domestic
      453 words
    • 356 13 Reuters [DUBAI] Saudi Telecom Co’s (STC) Indonesian unit NTS (Axis) has signed a US$1.2 billion financing deal as it seeks to expand its network in the south Asian country. The financing comprises of three facilities, all carrying a tenor of 7.5 years
      Reuters  -  356 words
    • 227 13 Reuters [SINGAPORE] Top shareholders of Indonesia’s PT Bank Muamalat are looking to sell at least a 51 per cent stake in the unlisted Islamic lender, in a deal that may be valued at about US$300 million, sources with knowledge of the plans said
      Reuters  -  227 words
  • Page 13 Advertisements
    • 1557 13 @\%.@;%:>@~*[@/['*@"=^<%.>/_&:| 2;GC+G?+ :#G?;)?)+ 5O: LSC-B?AB?G;)+ !C 0C!;)+ P!C%+BDK X)I+ 7’4-) ?_+)@EIDG:@Y 3A:I@)M SCD+CD ^;,0 "3= >9+!;)+ G--B9C;= ’B? U)G? )C+)+ 8)-)DE)? ,F.F :BC=B[!+G;)+ <G[GC-) 2#)); >= G; 8)-)DE)? ,F.F >==);= ;I># ID+ GI_ID-)> I< -)D<@I_ GIDb> \!DID-!I_ I>>)<> I< ’I!@ 8I_:) <#@C:%# B@C4< C@ _C>> 9)@!8I<!8) 4DID-!I_ !D><@:E)D<> SCID> ID+
      1,557 words

  • GREATER CHINA/INDIA
    • 572 14 CEO refutes notion weak start linked to recent dip in commodities prices AFP [HONG KONG] Shares in Swiss commodities giant Glencore slipped in their Hong Kong trading debut yesterday, following a similarly tepid launch in London for the year’s biggest initial public offering.
      AFP  -  572 words
    • 439 14 Reuters [MUMBAI] India’s top listed real estate developer DLF missed analysts’ estimates with a 19 per cent fall in quarterly profit, and warned that the central bank’s actions to tighten liquidity will likely temper sector growth in the current fiscal year. The
      Reuters  -  439 words
    • 346 14 But cooling efforts may ward off long-term pain: S&P Reuters [BEIJING] Policy tightening by Beijing will squeeze the profitability of domestic banks in coming years, but efforts to cool rapid credit expansion could ward off long-term pain, Standard Poor’s said yesterday. “The profitability of
      Reuters  -  346 words
    • 610 14 Bloomberg [MUMBAI] State Bank of India (SBI) chairman Pratip Chaudhuri says its 99 per cent drop in earnings represents “a quarter we’d like to forget” as the lender embarks on an expansion plan aimed at making it one of the
      Bloomberg  -  610 words
    • 374 14 They complain that Beijing is violating free-trade pledges AP [BEIJING] A growing number of European companies in China believe that they are being treated unfairly by the government and expect discrimination to increase, a business group said yesterday. The European Chamber of Commerce in
      AP  -  374 words
    • 194 14 Bloomberg [BEIJING] Chinese tourists are expected to spend £260 million (S$525.4 million) on luxury products in visits to the UK in 2011, up 30 per cent from a year earlier, said Bruce Dundas, president of retail adviser London Luxury. “China is a hugely
      Bloomberg  -  194 words
  • Page 14 Advertisements
    • 464 14 KAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRITISH-AMERICAN TOBACCO (ASIA PACIFIC) LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. reg. no. *****0036G NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members
      464 words
    • 16 14 from. Lianhe Zaobao From doctor to businessft it ilk m i m a PP Hi ilk
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  • WORLD
    • 481 15 Decline is largest in six months as aircraft, car bookings plunge LATEST US DATA Reuters [WASHINGTON] New orders for long-lasting US manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, pointing to some cooling in
      Reuters  -  481 words
    • 552 15 AFP Bloomberg [JOPLIN, Missouri] This shattered town, still searching for survivors from one of the strongest tornadoes on record, was rattled early yesterday after a new storm unleashed deadly twisters in neighbouring US states. At least 13 tornadoes were reported in Kansas, Texas, Oklahoma,
      AFP; Bloomberg  -  552 words
    • 516 15 US debt talks also turn to Medicare, a controversial issue Bloomberg [WASHINGTON] US Vice-Presi-dent Joe Biden has set a goal of at least US$1 trillion in budget cuts from negotiations with congressional leaders on the federal debt as talks on
      Bloomberg  -  516 words
    • 563 15 They flee eurozone crisis to homes in billionaire enclaves Reuters [LONDON] The tycoons of Europe’s troubled southern periphery are buying up homes in London’s billionaire enclaves and shifting cash to the City’s banks as they flee the eurozone’s debt crisis. Estate agents report
      Reuters; BLOOMBERG  -  563 words
    • 448 15 Reuters [ATHENS] Failure to find political consensus on austerity in Greece threatened to plunge the euro zone deeper into crisis yesterday, eclipsing Finnish approval of EU/IMF aid for Portugal after weeks of bitter debate. The Greek government denied newspaper reports that it was
      Reuters  -  448 words
    • 582 16 Loan repayment comes six years ahead of schedule Reuters [STERLING HEIGHTS, Michigan] Chrysler Group LLC on Tuesday paid back US$7.6 billion in US and Canadian government loans from its 2009 bailout, a move that allows the US automaker to distance itself from an
      Reuters; AP  -  582 words
    • 621 16 Sale of 200m shares by Treasury, 100m shares sold by AIG raises US$8.7b Reuters [NEW YORK] The US Treasury made a small profit when it sold a portion of its shares in American International Group Inc (AIG) on Tuesday, but it was unclear
      Reuters  -  621 words
    • 188 16 Reuters [LONDON] Lloyds’ Bank of Scotland division received a £3.5 million (S$7 million) fine from the Financial Services Authority (FSA) regulator yesterday for failures in how it handled certain customer complaints. The FSA added that it had also secured £17 million in compensation for
      Reuters  -  188 words
    • 571 17 Sony shuts down services in Canada, Thailand Indonesia Intruders stole 2,000 customers’ e-mails and names from its Canadian website Bloomberg [TOKYO] Sony Corp, reeling from the second-largest online data breach in US history, shut down some Internet services in Canada, Thailand and Indonesia after detecting unauthorised intrusions. Intruders stole the
      Bloomberg  -  571 words
    • 603 17 Reuters [NEW YORK] Internet search company Yandex, fresh from raising US$1.3 billion from an IPO, now has the clout to make an impact farther from its Russian heartland. The IPO is the biggest US Internet listing since Google Inc went public in 2004,
      Reuters; AP  -  603 words
    • 399 17 IAEA seeks info to improve nuclear safety worldwide Bloomberg [TOKYO] The International Atomic Energy Agency (IAEA) has begun its investigation into the crisis at Tokyo Electric Power Co’s Fukushima nuclear plant, where three reactors went into meltdown after the March 11 earthquake.
      Bloomberg  -  399 words
    • 623 17 The high demand also forces producers to ramp up output Reuters [HONG KONG] Buoyant commodities demand from emerging economies is straining tight supplies and putting more pressure on producers to ramp up output, Glencore’s chief executive said yesterday. A sell-off in commodities in the first half
      Reuters  -  623 words
    • 548 18 Defendants said to have made US$50m by squeezing markets in 2008 Reuters [NEW YORK] US regulators launched one of the biggest ever crackdowns on oil price manipulation on Tuesday, suing two well-known traders and two trading firms owned by Norwegian billionaire John
      Reuters  -  548 words
    • 353 18 AFP [SYDNEY] Mining tycoon Gina Rinehart was yesterday named Australia’s richest person, marking the first time a woman has topped the Business Review Weekly (BRW) magazine list of the country’s wealthiest citizens. Ms Rinehart, whose fortune stems from her father’s
      AFP; BLOOMBERG  -  353 words
    • 550 18 Bloomberg [MOSCOW] Goldman Sachs Group Inc is making a third attempt in 17 years to crack the Russian market, this time by leveraging a US$1 billion private-equity bet to win deals and wooing the Kremlin for roles in asset sales. The effort
      Bloomberg  -  550 words
    • 557 18 Reuters [WASHINGTON] US bank earnings have bounced back to their highest level since the financial crisis took hold and the pace of failures has eased, giving regulators hope that the industry is on sounder footing. The Federal Deposit Insurance Corp (FDIC)
      Reuters  -  557 words
    • 550 18 Reuters [WASHINGTON] World Bank president Robert Zoellick on Tuesday unveiled US$6 billion in new funding for Tunisia and Egypt to help them transform their economies and attract investment in the aftermath of mass protests. Mr Zoellick said that a meeting of Group of
      Reuters; REUTERS  -  550 words

  • Page 16 Advertisements
    • 128 16 Who Has The Chops To Hoist The Golden Cleaver? S$500,000 is on the line for the top 3 finalists at the Grand Final of The Pitch Singapore's first "reality" advertising competition, where agencies compete for the Paragon account. The final countdown, which hinges on a high-octane presentation by the finalists,
      128 words

  • Page 17 Advertisements
    • 62 17 Tuck into CEOTHEGREAT out ooc k CHARITY Feast on lok lok*, prepared by Mr Frank Cintamani, CEO Fide Multimedia Feel good because all proceeds go to charity When:Tomorrow (8-10pm) Where: Food Republic Beer Garden** at St James Power Station the new paper *Steamboat with skewed food **Open Sun to Thu
      62 words


  • AVIATION
    • 458 19 Airlines start services again after cancelling 1,000 flights in N Europe Reuters [STOCKHOLM] Iceland’s volcanic eruption has died down and is no longer spewing out ash, officials said yesterday and airlines began to get back to normal after cancelling about 1,000 flights in northern
      Reuters; AFP  -  458 words
    • 622 19 Bloomberg [SEATTLE] Boeing Co said its decision on a new nar-row-body jet now may come “towards the end of the year”, pushing back an earlier target of mid-2011, as it considers a plane that’s only “slightly” bigger than the 737. Airlines have been briefed
      Bloomberg  -  622 words
    • 237 19 AFP [SYDNEY] Producing commercially viable quantities of aviation biofuels is a viable option for Australia and New Zealand, and could cut greenhouse gas emissions by 17 per cent, a new report said yesterday. Flight Path to Sustainable Aviation a report commissioned by companies
      AFP  -  237 words
    • 3217 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 --EY473 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Amsterdam LO4031
      3,217 words
    • 442 19 AFP [SYDNEY] International pilots with Australia’s Qantas yesterday prepared to vote on whether to strike, in what would be the first industrial action by the carrier’s long-haul crew in 45 years. The pilots’ union has asked the government’s workplace relations tribunal, Fair
      AFP  -  442 words
  • Page 19 Miscellaneous
    • 377 19 CRYPTIC CROSSWORD Across 1 Loved ones knocked about with female having change of heart blame him? (10) 9 Fish cautious for the most part (4) 10 Like some plants lead in plot contaminated (10) 11 Pull off simple task in which learner’s got stuck (6) 12 Man and woman providing
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  • Page 20 Advertisements
  • SHIPPING
    • 3869 20 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
      3,869 words
    • 607 21  -  ‘Startled’ by decision to sanction it; says it didn’t know ship was headed for Iran By JOYCE JOYCE HOOI SINGAPORE-based Tanker Pacific has denied any wrongdoing in the sale of one of its tankers, after it fell afoul of the US State
      607 words
    • 739 21 Bloomberg [WASHINGTON] The global trade rebound is pushing shipping lines to rely more on leasing companies such as CAI International and TAL International Group for the containers used to transport everything from bananas to blouses. “We’re seeing perfect conditions,” Brian Sondey, president
      Bloomberg  -  739 words
    • 644 21  -  Launch of Singapore Ship Sale Form helps boost number By JOYCE HOOI SINGAPORE is fast gaining prominence as the place of choice to sort out a legal brawl on the high seas. Ever since the Singapore Chamber of Maritime Arbitration (SCMA) was
      FllE PHOTO  -  644 words
    • 278 21 SGX '000 May 25 S$ +/-Vol CH Offshore 0.46 0.01 26 Chuan Hup Hldg 0.24 0.01 30 Cosco Corp 1.95 -0.02 ***** CWT Ltd 1.21 unch 889 Ezra Hldgs 1.54 0.02 2812 First Ship Lea 0.37 unch 418 Freight Links 0.06 unch 593 Grand Banks 0.45 unch 43
      278 words


  • EDITORIAL & OPINION
    • 471 22 EDITORIAL THE news that four consortia have been given government grants to develop and test a new-generation satel-lite-based electronic road pricing (ERP) system is hardly surprising. At the heart of the initiative is a committed strategy for easing traffic congestion by tracking and charging
      471 words
    • 945 22  -  The threat to the globalisation process may not be apparent, but it is very real By PETER SUTHERLAND Peter Sutherland, former Director General of the GATT and the WTO, is currently co-chair of the High-level Expert Group on Trade, set up by
      ST FILE ILLUSTRATION  -  945 words
    • 758 22  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent ANY chain is only as strong as its weakest link, and if parts of it are hidden from view it is difficult to gauge how strong, or weak, the whole chain is. The world has
      758 words
    • 1605 23  -  In recent years, exchange-traded funds have moved well beyond plain vanilla stock indices By AGNES T CRANE, NEIL UNMACK REUTERS BREAKINGVIEWS EXCHANGE-TRADED funds (ETF), an incredibly popular investment for investors looking to lock in index-like returns, have become a very big business. Fund manager
      REUTERS; AFP  -  1,605 words
    • 684 23  -  By NASSIM NICHOLAS TALEB MARK BLYTH Nassim Nicholas Taleb is distinguished professor of risk engineering at New York University’s Polytechnic Institute and author of ‘The Black Swan: The Impact of the Highly Improbable’. Mark Blyth is professor of international political economy at Brown University HUMANS
      684 words
    • 496 23  -  LETTER TO THE EDITOR Wayne Tollemache Executive Managing Director Int’l First Advantage I REFER to the article “Hiring and empowering employees in Asia” by Martin Cerullo (BT, May 18). One of the critical points raised by the writer is that recruiting,
      496 words


  • SINGAPORE STOCKS
    • 8290 24 Transaction date: May 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 15.5 -0.5 40 15.5 15.5 15.5 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 -0.5 810
      8,290 words
    • 1577 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 6 4 t AA Grp 4 3.5 4.5 19 3.9 202 145 t APStrategic 161 -3 12 162 155 155 160 95.5 1.5 0.5
      1,577 words
    • 9858 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.09/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.73/ Aberdeen Asset Mgt Asia Limited American Opp 0.6576/ Asian Credit Fund
      9,858 words
    • 244 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A49 48 51 3.6 7.1 3.9 127.6 55 16 Genting HK US$ US40.5 -0.5 4090 41 40 40.5 41 2666.7 21 10.5 Over&Gen A15
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    • 823 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113 113 515.8 1077 761 CIMBAsean40 100US$ US1027 1023 1031 41.1 350 271 DBS STI ETF 100 313 -3 13
      823 words


  • FINANCE & COMMODITIES
    • 374 26 In local curr In S$ In US$ dy yr dy yr dy yr May 24 Index Change Change Change Change Change Change World Index Preliminary 910.2 0.1 1.4 0.0 0.0 0.3 2.9 EAFE Preliminary 782.3 0.2 -2.3 0.2 -2.1 0.5 0.7 Europe Preliminary 1169.2 0.3
      374 words
    • 185 26 May 25 May $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.33 0.23 3 months 0.38 0.28 6 months 0.48 0.38 9 months 0.70 0.50
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    • 25 26 May 25 S$ S$ Bid Offer 1-month 1.2504 1.2507 2-months 1.2504 1.2507 3-months 1.2504 1.2507 6-months 1.2502 1.2506 Source: OCBC Source: OCBC
      25 words
    • 171 26 May 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 511.0 510.0 511.0 14 237 Jul 11 508.0 507.0 508.0 11 105 Aug 11 505.0 497.0 505.0 11 57 Sep 11 503.0 494.0 503.0 58 294 Oct
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    • 84 26 May 25 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 25.08.2011 0.32 0.30 0.28 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.18 102.23 102.23 5-Year N*****0W 1.125 01.04.2016
      84 words
    • 108 26 May 24 May SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1372.25 1373.75 1389.00 1365.75 Aug 11 1368.00 1367.25 1383.50 1361.75 Sep 11 1360.50 1358.25 1374.75 1354.25 Nov 11 1354.25 1350.75 1368.50 1346.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11
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    • 78 26 CRUDE OIL PRODUCTS May 24 May CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.47 2.93 WTI (Near Mth) 99.61 2.59 Dubai (1-Mth F) 105.91 1.87 Tapis blend 117.42 1.56 Minas 114.82 1.56 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.44 1.11 Jet Kerosene 123.90 1.00 US$/barrel Opec
      78 words
    • 2753 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 9 6.44 36 ASJ Hldgs W*****1 1 1 4 25 4.00 9 AlliedTech W*****2 2 -1.5 6 1 4 30 Asia Water Tech Ltd W*****8
      2,753 words
    • 121 26 May 25 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.358 1.282 Can dollar 1.3 1.25 Euro 1.788 1.72 Sterling pound 2.054 1.975 NZ dollar 1.021 0.973 US dollar 1.264 1.216 Local dollars to 100 units of foreign
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    • 28 26 May 25 Sett Open High Sett STI May 3119 SIMSCI May 361.6 363.5 363.5 Taiwan May 310.0 311.3 308.0 Source: MF Global (S) Pte Ltd
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    • 65 26 May 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3450 3515 3515 3435 1157 5404 Jul 11 3406 3461 3472 3392 2269 ***** Aug 11 3377 3416 3428 3352 ***** ***** Sep 11 3364 3397
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    • 475 26 May 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7275 0 1789 Sep11 99.6500 0 5755 Dec11 99.5800 0 3123 Mar12 99.4750 0 1477 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6700 0 1466 Dec11 99.6725 0 1957 Mar12 99.6600 0 3877 Jun12 99.6700
      475 words
    • 474 26 May 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 6.805 0.747 8.153 47.602 90.167 0.860 11.550 3.211 1.322 89.790 45.657 1.311 7.374 0.923 30.395 31.916 0.649 1.048 Canada 0.973 6.623
      474 words
    • 85 26 May 25 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 155 26 May 25 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3103 1.3112 1.0479 1.0484 Canadian dollar 1.2753 1.2762 1.0199 1.0204 Euro 1.7548 1.7554 1.4034 1.4035 NZ dollar 0.9914 0.9922 0.7929 0.7933 Sterling pound 2.0196 2.0205 1.6152
      155 words
    • 138 26 May 25 GOLD (US$/oz) May 25 May 24 Hong Kong 1527.00 1524.20 May 24 May 23 London 1525.06 1511.49 1525.86 1512.40 Source: Thomson Reuters CAST BAR May 25 (S$) Selling Buying Kilobar 65,466.88 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 416 305 10gm 744
      138 words
    • 70 26 May 24 May Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2493.25 2462.00 3 months 2504.00 2478.00 Copper, Grade A (US$/tonne) Cash 8849.00 8776.00 3 months 8861.00 8794.00 Lead (US$/tonne) Cash 2501.50 2464.50 3 months 2488.00 2449.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 82 26 May 24 COCOA (£/tonne) Close Prev High/Low Jul 11 1791 1792 1811/1784 Sep 11 1819 1822 1837/1812 Dec 11 1847 1850 1865/1840 Mar 12 1873 1875 1891/1865 COFFEE (US$/tonne) Close Pev High/Low May 11 2540 2527 2550/2540 Jul 11 2558 2539 2562/2538 Sep 11 2595 2576 2600/2574 Nov 11
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 794 27  -  StreetDeal.sg’s founders say it’s a level playing field here for group coupon sites because the business model thrives on local knowledge, reports VICTORIA HO reports VICTORIA HO AS a “group coupon” site, it must be daunting to come up against the likes of the Groupon
      794 words
    • 719 27  -  By AMIT ROY CHOUDHURY WHILE Singapore is one of the Asia-Pacific leaders in the adoption and rollout of LTE also called 4G mobile telephony services, there are significant technological challenges involved, according to JDSU, a communications test and measurement provider which works
      719 words
    • 437 27  -  By AMIT ROY CHOUDHURY FINNISH phone maker Nokia has announced two new smartphone devices using the latest version of the Symbian operating system (OS) called the Symbian Anna. The new version of the OS will be available as an upgrade for a number
      437 words
    • 569 27 Bloomberg [FRANKFURT] A week after wooing software customers with mobile and data-analy-sis programs at a US conference, SAP AG’s co-chief executive officers need to win over investors by explaining how they will reach sales targets. Shareholders who were gathering yesterday
      Bloomberg  -  569 words
  • Page 27 Advertisements
    • 51 27 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. a cr r ...MlH COMM UN wowocw. presidential conversation grows 1 For more details, call 9171 -4327 9693-0266 or email
      51 words

  • PROPERTY
    • 1148 28 The plan aims to reverse economic decline in many parts of New York, which has some of the highest property taxes in the US NYT [NEW YORK] PLEDGING to provide relief to highly taxed suburban homeowners, New York Governor Andrew Cuomo and legislative leaders
      NYT  -  1,148 words
    • 161 28 Reuters [LAS VEGAS] Plaza Frontenac is up for sale, becoming one of the rare trophy regional malls to hit the market, according to Jones Lang LaSalle Inc, which is handling the sale of the St Louis area shopping centre. The mall is one of only
      Reuters  -  161 words
    • 1734 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 29/04/2011 99 2077 6231 3000 District 2 NON-LANDED
      1,734 words
    • 609 29 Mexican tycoon will use 16,000 sq ft building near Fifth Avenue for offices Bloomberg [NEW YORK] Mexican billionaire Carlos Slim bought a townhouse in midtown Manhattan that will be used for office space, extending his purchases of real estate in the city
      Bloomberg; REUTERS  -  609 words
    • 447 30  -  Developers likely to grow their land banks in H2 as govt rolls out more GLS sites By UMA SHANKARI SIM Lian Group has the highest number of unsold residential units in its land bank some 2,781 homes built up from
      Source: Knight Frank Research  -  447 words
    • 379 30  -  Offer by CMA, CMT and CapitaLand at $1,012 psf ppr By EMILYN YAP CAPITAMALLS Asia (CMA), CapitaMall Trust (CMT) and CapitaLand have together put in the top bid of $969 million or $1,012 per square foot per plot ratio (psf ppr) for
      379 words
    • 213 31  -  By FELDA CHAY TANGLIN Shopping Centre is up for en bloc sale again, months after its tender earlier this year failed to draw a buyer. Bidding for the freehold site, which is about 68,512 sq ft, will close on June 16, 2011. ERA
      213 words
    • 381 31  -  Price of high-end, super luxury units up marginally in Q1: Savills By NON-LANDED UMA SHANKARI NON-LANDED luxury home prices tracked by Savills Singapore held steady in the first quarter of 2011, the property firm said yesterday. According to the firm’s data, the average price of
      FILE PHOTO  -  381 words
  • Page 28 Advertisements
    • 55 28 Think property, think Savills. llll llll Mini MM lllll llll RESEARCH CONSULTANCY COMMERC AL NDUSTR AL RES DENT AL RETAIL Across every area of property, Savills has the right people, the right advice and the right knowledge. So next time you think property, think Savills. Call 6536 5022 or visit
      55 words

  • Page 29 Advertisements
    • 267 29 For Sale by Tender Prestigious Good Class Bungalow at Victoria Park Road District 10 A regular elevated GCB plot with: i. a 2½-storey modern-designed detached house; and ii. a 2-storey colonial-style black and white detached house Site Area: approx 32,077 sq ft Total Floor Area: approx 20,000 sq ft Quiet
      267 words
    • 139 29 v Estate Agent Licence No. L*****36J Tranquil, hillside plot off Pasir Panjang Road Vista Park Land area 29,659.1 sq m (approx. 319,248 sq ft) ʻResidentialʼ with GPR 1.4 Next to Kent Ridge Park Rd Near NUS, CBD, RWS and Vivocity Near Pasir Panjang MRT (U/C) Well connected to West Coast
      139 words

  • Page 30 Advertisements
    • 417 30 D11 FREEHOLD REDEVELOPMENT SITE FOR SALE BY PRIVATE TREATY s r t II -s m No Development Charge payable Site area: 2,019.9 sq m (approx. 21,742 sq ft) Potential GFA: 5,974.64 sq m (64,310 sq ft) Equivalent Plot Ratio: 2.96 Approximately 250m to Novena MRT Square 2 Velocity Minutes drive
      417 words
    • 94 30 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements MATS NOTICES PremiumSubiacodevelopmentopportunity-Perth,WesternAustralia FOR SALE 500 Hay Street, Subiaco, WA High profile corner position 100m* from Rokeby Road Land area: 4,609sqm* Three street frontages Passing income: AUD $478,000p.a.* Zoned: ‘Town Centre’ Previous DA for mixed-use
      94 words

  • Page 31 Advertisements
    • 311 31 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Specialist Mortgage Phone 6293 4148
      311 words
    • 289 31 SAFFRON London Singapore Hong Kong LONDON PROPERTY OWNERS Your Central London Agent based in Singapore EXPERTS IN LETTINGS PROPERTY MANAGEMENT ARLA approved NAEA registered ISO 9001 Certified we will collect keys inspect property arrange marketing secure new tenants 12 months FREE Property Management services Monty Nawaz +65 6832 5188 +65
      289 words

  • VISIONARIES
    • 1108 32 Dutch architect Ben van Berkel feels the profession is in a crisis and a dramatic change is due WHILE Modern architecture, with its emphasis on rationalism has proven to be the solution of choice to satisfy the demands of rapid urbanisation in the 20th Century, the
      INGA POWILLEIT; REIN WERKHOVEN  -  1,108 words
  • Page 32 Advertisements
    • 156 32 A SPECIAL FEATURE BROUGHT TO YOU BY n <■ hi 4 r 1 'T'l a T~ i'- SI" boulevard Featuring 28 stunning bespoke residences located in Orchard Road. Designed by Takashi Sugimoto of Super Potato Tokyo, Boulevard Vue's distinctive glass-sheathed architecture evokes instant status and recognition. Every aspect of Boulevard
      156 words