The Business Times, 12 January 2012
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2012-01-12
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The Business Times
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Title Section25 2012-01-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, January 12, 201225 words
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Article, Illustration707 2012-01-12 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] DBS chief executive Piyush Gupta is cautiously optimistic that 2012 won’t turn out as badly as projected and thinks the government is too pessimistic in its outlook. “If I have to do a range, my range will centre707 words
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MARKETS DIGEST
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Article110 2012-01-12 1 GST INDEX 2,747.13 (+27.30) GST INDEX FUTURES 2,747.00 (+27.00) GSIMSCI 313.21 (+3.08) GSIMSCI FUTURES 313.30 (+4.10) us$ s$ US$ (S$ per US$) 1.292 (US$/S$ per 1.547 1.998 EURO (US$/S$/E) 1.275 1.648 Foreign currency per US$ S$ YEN 76.90 59.60 RM 3.143 2.432 HK$ 7.768 6.012 BAHT 31.75 24.57 RUPIAH110 words
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Article17 2012-01-12 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.677 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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1169 2012-01-12 1 Audits commissioned by SGX can also be costly and time-consuming By JAMIE LEE [SINGAPORE] Special audits commissioned by the Singapore Exchange (SGX) have sounded the death knell for several listings in recent years. They are also expensive exercises for both the affected companies and1,169 words
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Page 1 Advertisements
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Advertisement146 2012-01-12 1 OPINION Lessons from iconic Kodak’s failed moments PAGE 20 IWC Portuguese. Engineered for navigators. Portuguese Yacht Club Chronograph. Ref. 3902: “Please make a U-turn if possible.” The instruments used by sailors in the tradition of Vasco da Gama are less intrusive. One of the legends of navigation is the Portuguese146 words
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Advertisement20 2012-01-12 1 BizIT Fab spending expected to slide 10.6% PAGE 28 ATM fraud: Gupta says sorry for inconvenience, Page 4 *****1 *****420 words
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Advertisement19 2012-01-12 1 OUSTER OF WBL CHAIRMAN Shares rise 1.4% PAGE 4 Steady sales at office, industrial projects PROPERTY I PAGE 3019 words
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Advertisement10 2012-01-12 1 REPUBLICAN PRESIDENTIAL RACE Romney wins New Hampshire primary page 1810 words
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TOP STORIES
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663 2012-01-12 2 GENEVIEVE CUA - Unwinding of AXA unit’s US$500m portfolio assets may extend into Q2 By GENEVIEVE GENEVIEVE CUA [SINGAPORE] The closure of the wealth manager ipac Singapore and Hong Kong is expected to impact clients with combined portfolio assets of roughly US$500 million. In663 words
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387 2012-01-12 2 But they must buy at least 30% of stock from local cottage industry suppliers AFP Bloomberg [NEW DELHI] India’s government has allowed foreign brands such as Adidas or home furnishings giant Ikea to open 100 per cent owned shops, but will continueAFP; Bloomberg - 387 words
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THREE-MINUTE DIGEST
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59 2012-01-12 2 SPECIAL audits commissioned by the Singapore Exchange have sounded the death knell for several listings in recent years. They are also expensive exercises for both the affected companies and their shareholders, but such audits remain one of the few options available to the SGX59 words
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53 2012-01-12 2 DBS CHIEF executive Piyush Gupta is cautiously optimistic that 2012 won’t turn out as badly as projected and thinks the government is too pessimistic in its outlook. “If I have to do a range, my range will centre around 3 (per cent),” said53 words
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71 2012-01-12 2 THE closure of the wealth manager ipac Singapore and Hong Kong is expected to impact clients with combined portfolio assets of roughly US$500 million. In addition to the shock of closure, clients are likely to have to redeem a substantial amount71 words
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37 2012-01-12 2 WHILE Singapore’s construction industry looks healthy over the next three years, restructuring and rebranding is needed to ensure sustained growth, said Minister of State for National Development and Manpower Tan Chuan-Jin.37 words
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52 2012-01-12 2 LIQUIDATORS of MF Global Singapore have stopped trying to sell the business and are now seeking court approval to return customers’ funds, the company said yesterday. Discussions on a potential sale failed around the last two weeks of 2011,52 words
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45 2012-01-12 2 CITY Developments Ltd, which sold 150 units on the first day of sales yesterday for its The Rainforest executive condo project in Choa Chu Kang, is planning to release at least three other residential projects this year.45 words
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63 2012-01-12 2 THE value of construction demand, as measured by contracts awarded in Singapore, is projected to hit between $21 billion and $27 billion in 2012, a fall from the $32 billion clocked last year. The year 2011 saw construction demand jump 16 per cent year63 words
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38 2012-01-12 2 ASIAN infrastructure companies may sell dollar bonds to finance projects as bank regulations and tightening liquidity complicate loans that dominated funding for the past 15 years, according to HSBC Holdings.38 words
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77 2012-01-12 2 BANKS are hoarding the European Central Bank’s record 489 billion euro injection into the banking system, thwarting attempts by policymakers to avert a credit crunch in the region. Almost all of the money loaned to 523 euro-area lenders last month77 words
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Article, Illustration464 2012-01-12 4 MINDY TAN - Minister stresses importance of rethinking existing paradigms By MINDY TAN By [SINGAPORE] While Singapore’s construction industry looks healthy over the next three years, restructuring and rebranding are needed to ensure sustained growth. “To achieve a breakthrough, we will need to go beyond cosmetic changesFILE PHOTO - 464 words
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907 2012-01-12 4 FELDA CHAY - Shares gain 1.4%; but mixed views on how Ng was removed By FELDA CHAY [SINGAPORE] WBL Corp’s shares leapt to life yesterday as investors appeared to react positively to the surprise ouster of chairman Ng Ser Miang, whose removal corporate observers say is907 words
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406 2012-01-12 4 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur PHILIPPINE beer, property and oil-and-gas conglomerate San Miguel Corporation is set to close a deal to sell 60 per cent of its banking arm, Bank of Commerce, to the CIMB Group, according to Reuters yesterday. CIMB406 words
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512 2012-01-12 4 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] DBS Bank’s CEO apologised yesterday for the inconvenience and anxiety caused by last week’s rash of fraudulent ATM withdrawals in Malaysia. In his first public comments on the incident, Piyush Gupta also reassured customers that there was no internal512 words
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Advertisement78 2012-01-12 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 w 1963 1973 First Porsche 911, featuring a rear engine concept. 1973 1988 Evolved with anti-corrosive zinc coating. 1988 1993 Evolved with all-wheel drive. •9 iVlt. iWt K V* V a. 1993 1997 Evolved with variocam and varioram78 words
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Advertisement18 2012-01-12 2 COMPANY NEWS, PAGE 6 COMPANY NEWS, PAGE 8 SINGAPORE NEWS, PAGE 12 WORLD, PAGE 17 WORLD, PAGE 1818 words
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Page 3 Advertisements
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Advertisement184 2012-01-12 3 Porsche recommends Mobil D For more information, please visit www.porsche.com.sg The icon. Evolved. The new Porsche 911. Our identity. The 911 has always captured the imagination with its classic profile and performance. Born from the Intelligent Performance principle, every 911 has set the benchmark for power and outstanding practicality. And184 words
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Advertisement287 2012-01-12 4 Regional Director, Asia Pacific Executive level salary benefits Singapore (consideration given to other locations in the region) This new role presents a fantastic opportunity for a motivated individual to really make a difference to global patterns of wild harvest seafood consumption in Asia and Oceania, driving initiatives forward into mature287 words
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Advertisement8 2012-01-12 4 Construction demand seen dropping in 2012, Page 128 words
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Advertisement125 2012-01-12 5 The fastest way to your Porsche: Porsche Financial Services. Now available in Singapore. Plus, it comes with a 5-year free maintenance and warranty program.* To find out more, please visit www.porsche.com.sg or call 6472 4433. Cayenne Porsche Centre Singapore Eurokars Centre 12 Sungei Kadut Avenue Singapore *****8 Tel: (65) 6363125 words
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COMPANY NEWS
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432 2012-01-12 6 KENNETH LIM - Liquidators file court papers to return US$350m to 4,500 customers By KENNETH LIM LIQUIDATORS of MF Global Singapore have stopped trying to sell the business and are now seeking court approval to return customers’ funds, the company said yesterday.432 words
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318 2012-01-12 6 JASMINE NG - By JASMINE NG ORNAMENTAL fish service provider Qian Hu Corporation posted a fourth-quar-ter net profit of $886,000, up 40 per cent from $634,000 in the year-earli-er period, thanks to gains from the sale of its Guangzhou factory. Revenue, however, fell 13 per318 words
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283 2012-01-12 6 KENNETH LIM - By KENNETH LIM THE independent directors of China Titanium have stepped down, suggesting that the lack of experience among senior management required them to be too involved in the company at the expense of their independence. Nominating and corporate governance committee chairman283 words
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Article, Illustration392 2012-01-12 6 KENNETH LIM - Bookrunner hopes strong demand will draw more issuers By KENNETH LIM PRIVATE banks led a rush for CapitaMalls Asia’s public sale of 10-year retail bonds, and the strong demand could encourage more issuers to come to the market, the deal’s bookrunner said.392 words
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Article, Illustration605 2012-01-12 8 KALPANA RASHIWALA - CityDev plans to release at least 3 other residential projects this year By KALPANA RASHIWALA CITY Developments Ltd (CDL), which sold 150 units on the first day of sales yesterday for its The Rainforest executive condominium (EC) project in Choa605 words
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Article, Illustration273 2012-01-12 8 EVE YEO - By EVE YEO CAPITALAND’S serviced residence business unit, The Ascott Ltd (Ascott), has secured a new management contract for its first Citadines aparthotel in Surabaya, Indonesia. “Surabaya is a popular tourist destination with a strong domestic travel market. With Citadines Marvell Surabaya, we273 words
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448 2012-01-12 8 LYNN KAN - Complete transfer of 50.75% parents’ stake likely: analyst By LYNN KAN STX OSV’s stock price has started peeling away from the broader market in the past week, stoking expectations that its parent STX Europe might soon be selling its 50.75 per cent majority448 words
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470 2012-01-12 11 App gives full print content, breaking news, 7-day archive THE Straits Times (ST), the flagship newspaper of Singapore Press Holdings (SPH), will launch its application for Android smartphones next Monday. The Android app will provide full editorial content of ST’s daily print edition, as470 words
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Article522 2012-01-12 11 Reuters [NEW YORK] Eastman Kodak Co announced a new business structure on Tuesday that divides its film group into its two other business units as the once-iconic photography company tries to refocus as a digital company to help fend off financial difficulties. Its shares jumpedReuters - 522 words
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250 2012-01-12 11 LYNETTE KHOO - It cites continuing adverse market conditions as reason for its decision By LYNETTE KHOO CHINA Fishery Group has dropped its plan for a dual primary listing in Hong Kong, citing continuing adverse market conditions. The proposed flotation first announced in December 2010250 words
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Advertisement140 2012-01-12 6 FESTIVE TREATS FROM ATLAS 'Hi J3 s* A Better sound through research A *2 vr. L Usher in the Year of the Dragon with a loud roar with ATLAS'S festive offers. Be rewarded with the best sights and sound through our innovative products and services. Come on down and experience140 words
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Advertisement135 2012-01-12 7 www.vw. com. sg With great power comes great responsibility. m CZJ Touareg Hybrid m 51 ft f The Touareg Hybrid. With 380 bhp the Touareg Hybrid is one of the most powerful hybrid SUVs on the road. Its supercharged 3.0 V6 TSI engine, together with an E-motor, propel it from135 words
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Page 8 Advertisements
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Advertisement2065 2012-01-12 8 the business timesweek nd www. usinesstimes.com. g| SEPTEMBER 24-25, 2011 S$1.00| MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings rates DBS Bank, OCBC Bank and UOB will offer a mere 0.05 per cent come October, even as HSBC and Stanchart dish2,065 words
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Advertisement125 2012-01-12 9 $129,999* WITH NORMAL COE REG. CONFIRMED DELIVERY BEFORE CHINESE NEW YEAR WHAT BETTER WAY TO RIDE INTO THE YEAR OF THE DRAGON THAN WITH THE FAMILY AND A VOICE GIVING YOU DIRECTIONS? Saptiva CAPTIVA 2.4L SUV WITH NAVTRAK CPS VOICE NAVIGATION. SEATS?. CAPTIVA QUICK SPECS: NAVTRAK GPS VOICE GUIDED NAVIGATION125 words
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SINGAPORE MARKETS
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Article, Illustration649 2012-01-12 10 VEN SREENIVASAN - Liquidity up as STI chalks up double-digit gains for 2nd day, fuelled by selected blue-chips and O&M sector revival STOCKS VEN SREENIVASAN Senior Correspondent DARE we hope that the Singapore stock market is reaching an inflexion point? Could interest in stocks at least in a selectedSource: Bloomberg - 649 words
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Article66 2012-01-12 10 Jan 11 VALUE CLOSE BT OB/OS 511.00 +134.0 BT CADI -*****.00 +133.0 BT 10-day MA -*****.00 +51.00 FTSE ST Mid Cap 618.25 +6.34 FTSE ST Small Cap 412.81 +3.28 FTSE ST All Share 660.84 +6.52 FTSE ST China Top 201.06 +4.18 FTSE ST China 234.52 +4.27 FTSE66 words
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Article186 2012-01-12 10 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 2 0 0 0 11 2 2 Manufacturing 62 37 37 6 2 6 68 39 43 Commerce 30 11 18 4 1 4 34 12 22 Tpt/Stor/Comms 23 10 11186 words
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BROKERS' TAKE
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Article355 2012-01-12 10 Jan 11 close: $9.30 KIM ENG RESEARCH, Jan 11 RELATIVE outperformer. Since the market sell-down in August last year, City Developments Ltd (CDL) has been a relative outperformer (-14.2 per cent) compared to big-cap peers CapitaLand (-19.5 per cent) and Keppel Land (-39.2 per cent), even slightly outperforming355 words
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Article, Illustration368 2012-01-12 10 Jan 11 close: 65¢ OCBC INVESTMENT RESEARCH, Jan 11 TIGER Airways has reported its latest operating statistics. Clearly still recovering from the previous grounding of its Australian flight services, TGR’s number of passengers flown fell 13 per cent y-o-y to 481,000 while seat capacity was only 5 perSource: Bloomberg - 368 words
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Article83 2012-01-12 10 JOYCE HOOI - Compiled by JOYCE HOOI Jan 11 close: $10.11 DMG PARTNERS RESEARCH, Jan 11 The news: US$150 million job to construct and upgrade a semisub from Diamond Offshore. The semisub rig is expected to be ready by Q3 2013 and to be renamed Ocean Onyx. We maintain our FY2012-2013F83 words
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Article133 2012-01-12 10 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 quarter133 words
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Article121 2012-01-12 10 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 32,872 32,872 126,837 126,837 Manufacturing 216,577 13,148 229,725 233,815 280 234,095 Commerce 180,326 4,986 185,312 210,126 514 210,640 Tpt/Stor/Comms 146,398 38,211 184,609 190,816 5,162 195,977 Finance 25,513 25,513 232,264 232,264 Construction 57,659 6,849 64,508 18,479121 words
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Article113 2012-01-12 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.210 +0.020 CapitaLand 2.380 +0.030 CapitaMall 1.735 -0.020 CityDev 9.300 +0.080 ComfortDelGro 1.445 +0.005 DBS Grp 12.140 +0.260 F&N 6.480 +0.050 GLP 1.820 +0.030 Genting SP 1.535 -0.005 Golden Agri 0.735 -0.005 HK Land 5.000 +0.110 JMH113 words
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Article, Illustration456 2012-01-12 10 CURRENCIES Bloomberg [SINGAPORE] Most Asian currencies fell, led by South Korea’s won, as concern Europe’s debt crisis will worsen countered an improvement in US jobs data. The Bloomberg-JPMorgan Asia Dollar Index dropped after David Riley, London-based head of the sover-eign-debt unit at FitchBloomberg; BLOOMBERG FILE PHOTO - 456 words
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Article60 2012-01-12 10 VOLUME Noble Grp 124,364,000 Genting SP 52,556,000 Golden Agri 45,475,000 Artivision 44,372,000 HPH Trust US$ 43,620,000 AusGroup 36,366,000 PSL Hldgs 32,837,000 Yangzijiang 27,297,000 Dyna-Mac 25,988,000 SembMar 23,900,000 VALUE($) Noble Grp 138,574,916 DBS Grp 109,682,370 SembMar 103,775,935 Keppel Corp 86,721,430 Genting SP 80,755,280 OCBC Bk 72,076,080 SingTel 58,506,19360 words
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Article107 2012-01-12 10 BY CENTS CLOSE UP GLD 10US$ ***** 251.9 1.2 DBXT Nifty 10US$ 9530 195.1 1.6 JMH 4927 146.0 2.3 IS DJ US Tech 6578 74.9 0.9 DBXT iBoxxSing 5SG$ ***** 65.0 0.5 IS S&P500 ***** 54.3 0.3 OCBC Bk 4.5%NCPS 100 ***** 38.0 0.4 UOB 1575 35.0 2.3 CityDev.ES.1201107 words
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Article121 2012-01-12 10 BY CENTS CLOSE DOWN DBXT MSEurope 10US$ 4021 -77.5 -1.5 Asia Pac Brew 2900 -70.0 -2.4 DBXT MSKorea 10US$ 5170 -31.0 -0.5 Jardine C&C 4966 -21.0 -0.4 DBXT MSINDO 10us$ 1486 -16.8 -0.9 OCBC Bk 797 -7.0 -0.9 DBS BP ePW*****2 33 -6.5 -16.5 OCBC Bk.ES.1201 795 -6.0 -0.7121 words
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Page 11 Advertisements
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Advertisement30 2012-01-12 11 MENSHEALTH.COM.SG 2012 REDEFINE YOURLIMITS! 9URBANCHALLENGES, 14KMROUTE 19FEB2012(SUN)•7AM•NICOLLHIGHWAY Singapore’s toughest urban obstacle race is back. Are you up for it? SIGNUPNOW!GETARACEPACKWORTH$300 More details in this issue of Men’s Health and menshealth.com.sg30 words
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Advertisement206 2012-01-12 11 Lessons from Kodak’s failed moments, Page 20 If Tap into the markets with Singapore’s No.1 for FX/CFD mobile trading Trade on the move with IG Markets’ free app, whatever your device, now including iPad and Windows Phone 7 5TT1 R-n-i IG 'tE Download your app at igmarkets.com.sg/app IG MARKETS CFD206 words
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SINGAPORE NEWS
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Article, Illustration555 2012-01-12 12 MINDY TAN - Minister puts amount at $21-27b, down from $32b last year By MINDY TAN THE value of construction demand, as measured by contracts awarded in Singapore, is projected to hit between $21 billion and $27 billion in 2012, a fall from the $32 billion clockedSource: BCA - 555 words
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427 2012-01-12 12 JOYCE HOOI - Pollster Stanchart sees respondents as overly positive By JOYCE HOOI EXECUTIVES in Singapore are a glass half-full lot when it comes to business prospects for the new year which is a glass half-full way of saying that they are in denial. A Standard427 words
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345 2012-01-12 12 UMA SHANKARI - By UMA SHANKARI THE Housing and Development Board (HDB) launched five new build-to-order (BTO) projects yesterday, offering 3,923 new flats in Choa Chu Kang, Punggol, Sengkang and Tampines. This is the first BTO launch of 2012. In total, HDB plans345 words
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185 2012-01-12 12 AUDITORS, especially those working in small and medium-sized practices, can now look forward to a new course to update their skills. The national accounting body yesterday launched the three-level Professional Certificate in Audit Skills programme that will provide training in four key areas:185 words
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Article, Illustration206 2012-01-12 12 CHEAH UI-HOON - By CHEAH UI-HOON IN 1860, the British Army bought the site of a former nutmeg plantation for 25,000 Spanish dollars and built military barracks for its British troops. When Singapore artist Quek Kiat Sing, 39, was asked to create works as a reaction206 words
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380 2012-01-12 12 JASMINE NG - By JASMINE NG THE Singapore Land Authority (SLA) has stepped in to clarify that it has absolved an existing master tenant of responsibilities to reinstate parts of the property, following calls by some sub-tenants to help resolve their tenancy issues. SLA said it received380 words
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297 2012-01-12 12 MOST Singapore companies intend to expand overseas in the near future but face difficulties, according to a Regus Global survey. Around 87 per cent of Singapore companies with operations abroad said that they seek to expand further while 77 per cent of297 words
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Page 12 Advertisements
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Advertisement443 2012-01-12 12 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TRISECURITY PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. **********) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of443 words
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Advertisement24 2012-01-12 12 r Brand Your Assets I Call 1800 289 8822 or e-mail i notices@sph.com.sg I to publicise your Financial Statements WATS NOTICES t CLA/FEB1 1/g24 words
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Advertisement325 2012-01-12 13 y/ ML f 5 m a Hui T c:^ mu TGPowwer MIGUEL COVARRUBIAS I Bather Holding Up Her Kemban I oil on canvas I 76 x 61 cm RUDOLF BONET 1 Bali Life I 1950 I pastel on paper I 79 x 147 cm •s* ft. A Se; >> 1325 words
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ECONOMY WATCH
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Article, Illustration681 2012-01-12 14 German economy grows robustly last year despite drag of debt crisis AFP [PARIS] European leaders and the International Monetary Fund (IMF) chief headed into fresh talks on the eurozone yesterday as new data showed the German economy was able to grow robustlyAFP - 681 words
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732 2012-01-12 14 Bloomberg [NEW YORK] After losing her job as a consultant for non-profits, Martha Heassler and her husband, a graphic artist, no longer had money for their daughter’s college education, new clothing or groceries. “We’re waiting for my husband’s paycheck, and we probablyBloomberg - 732 words
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Advertisement47 2012-01-12 14 JEWELLERY SPECIAL 11/12 GET IT NOW Available At All Leading Bookstores A IT S ABOUT TIME A 's JEWELLER* SPECIAL 1#I2 158 SPECTACULAR COLLECTORS-TURN BRAND-HONCHOS ETURN OF THE BJR GONE WIL m S m 92 TALKING-POINT VINTAGE MODELS RE ULTRA-THIN COMPLICM-IOI kJOURBILLONS GET CREATIVE tEME BLING WATCHES47 words
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MALAYSIA
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Article, Illustration429 2012-01-12 15 PAULINE NG - Application made to Bank Negara, Finance Ministry for approval of business merger By PAULINE NG in Kuala Lumpur PREVIOUSLY a merger target, RHB Bank is poised to become a standalone bank and the largest broker in Malaysia, as its merger negotiations with OSK Investment BankBLOOMBERG - 429 words
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398 2012-01-12 15 Bloomberg AFP [SINGAPORE] Malaysia’s exports grew at the slowest pace in four months in November, and well short of forecasts, as sales of electrical and electronic goods to the US and Thailand fell. Overseas shipments climbed 8 per cent to RM56.9 billion (S$23.4 billion)Bloomberg; AFP - 398 words
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Advertisement31 2012-01-12 15 Taste Hie Difference... Spanish Suckling Pig r r 's wm. S' V r VSerenity Spanish Bar Restaurant 1 Harbourfront Walk #01-98/99 VivoCity Singapore *****5 www.serenity.com.sg Tel: 6376 8185 Fax: 6376 818431 words
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Advertisement1811 2012-01-12 15 >® < »AT>i NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices n JJi KEONG HONG HOLDINGS LIMITED Company Reg. No.: *****7303W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Fourth Annual General Meeting (“AGM”) of Keong Hong Holdings Limited (the “Company”) will1,811 words
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GREATER CHINA/INDIA
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Article, Illustration521 2012-01-12 16 / 17 But Beijing gives no sign it would relent in its opposition to sanctions on Iran oil AP [BEIJING] US Treasury Secretary Timothy Geithner and Chinese leaders pledged yesterday to build economic ties but Beijing gave no sign it would relent in its oppositionAP; AFP - 521 words
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423 2012-01-12 16 / 17 Move a bid to boost market confidence after scandals Reuters [SHANGHAI] China’s securities regulator has set up an “investor protection bureau” to safeguard investors’ interests in the world’s third largest stock market, as it takes on rampant wrongdoing that has eroded confidence. GuoReuters - 423 words
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165 2012-01-12 16 / 17 Reuters [SHANGHAI] Net profit at four Chinese securities firms including GF Securities and Southwest Securities tumbled more than 40 per cent in 2011, preliminary data released yesterday showed, foreshadowing a dismal earnings season for China’s struggling brokerage industry. GF Securities, the firstReuters - 165 words
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211 2012-01-12 16 / 17 Reuters [NEW DELHI] The Indian government has asked state-run firms to boost investment to stimulate a slowing economy, The Times Of India (TOI) reported yesterday, citing government sources. A combination of feeble growth in the US and Europe, prolonged monetary tightening to quellReuters - 211 words
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WORLD
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Article, Illustration604 2012-01-12 16 / 17 Reuters [HONG KONG] Luxury carmaker Rolls-Royce, owned by German automotive giant BMW AG, said its US sales could overtake China this year, revving up the British company for record global revenue in 2012, its chief executive Torsten Müller-Ötvös said. The 107-year oldReuters; BLOOMBERG - 604 words
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409 2012-01-12 16 / 17 AFP [COPENHAGEN] As it takes the reins of the European Union (EU) presidency, Denmark finds itself torn between its refusal to adopt the euro, its doggedness to keep close ties to the single currency and its aim to avoid a two-speed Europe.AFP - 409 words
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502 2012-01-12 16 / 17 Banks find it more difficult to lend at long maturities due to Basel rules: HSBC Bloomberg [HONG KONG] Asian infrastructure companies may sell dollar bonds to finance projects as bank regulations and tightening liquidity complicate loans that dominated funding for the pastBloomberg - 502 words
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Article, Illustration655 2012-01-12 18 Analysts say lenders hoarding cash for refinancing needs this year and next Bloomberg [LONDON] Banks are hoarding the European Central Bank’s (ECB) record 489 billion euro (S$803 billion) injection into the banking system, thwarting attempts by policymakers to avert aBloomberg; BLOOMBERG - 655 words
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470 2012-01-12 18 Reuters [LONDON] A backlash against rising inequality evident from the Occupy movement to the Arab Spring risks derailing the advance of globalisation and represents a key threat to economies worldwide, according to the World Economic Forum (WEF). Severe income disparity and precarious governmentReuters - 470 words
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Article, Illustration793 2012-01-12 18 Republican 16 percentage points ahead of Paul Bloomberg [MANCHESTER, New Hampshire] Mitt Romney cemented his status as the Republican presidential front-runner on Tuesday with a win in the New Hampshire primary that left rivals fighting for a chance to derail his march to the nominationBloomberg; AP - 793 words
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643 2012-01-12 19 Japan PM hopes this will boost chances of pushing through hike in sales tax Reuters [TOKYO] Japan’s prime minister, faced with sinking popularity rates and hostile opposition, has asked ruling party heavyweight Katsuya Okada, a fiscal hawk, to become his deputy toReuters - 643 words
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Article, Illustration828 2012-01-12 19 The elderly forms a growing proportion of customers AFP [TOKYO] Once the preserve of rowdy teenagers, game arcades in Japan are rapidly becoming the hippest place to hang out for a whole new generation their grandparents. With plenty of time on their handsAFP - 828 words
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Advertisement364 2012-01-12 16 / 17 MBFC Tower 3 Sole Leasing Agents 1.3 million sf 67 pre-leased to date MBFC Towers 1 and 2 1.6 million sf Sole Leasing Agents 1 pre-let DBS Towers 1 2 Singapore’s 2 nd largest office sale $871 million Robinson Centre Sold in 2011 for $292 million One Marina Boulevard 408,364 words
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Advertisement1186 2012-01-12 18 CASA HOLDINGS LIMITED Company Registration Number *****6212Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 15 Kian Teck Crescent, Singapore *****4 on Tuesday, 31 January 2012 at 10.00 a.m. to transact1,186 words
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Advertisement197 2012-01-12 19 THE LEADING BUNGALOW SPECIALIST m Gomdwne in ofjthe.Swettenham qrounds.^SMI Swettham Almost New! L.X5070/ B8000 ask $2yM tenanted S42K p/M (•aiineiooooso All Priced Jo Sell! OeijionqiHa m *****/4000(3 p px)ask$i8;8M IQlivelRoad iqooo/88oo(appx).ask $i6!8M -.WhiteHousc *****/; s8oo(appx) Bs^^3/7gjGs$cp|) Ridout Road'*****(3f) px).Rare!| There Are Some Things In Life For Which You'll Never Compromise197 words
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EDITORIAL & OPINION
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511 2012-01-12 20 EDITORIAL IN recent weeks Malaysia’s national debt has come under scrutiny for all the wrong reasons. Consider these remarks from the Malaysian Institute of Economic Research’s distinguished fellow, the noted economist Mohd Ariff. He recently warned that federal government revenue was growing511 words
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Article, Illustration806 2012-01-12 20 WILLIAM PESEK JR - THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg OF all the realisations Barack Obama has made in three years in the White House, this may be the most crucial:Bloomberg - 806 words
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Article, Illustration1108 2012-01-12 20 NITIN PANGARKAR - It lacked the vision, leadership to integrate outside resources with its considerable assets By NITIN PANGARKAR The writer is an associate professor with the Department of Strategy and Policy, NUS Business School RECENT reports in the business press discuss the possibility of a bankruptcyREUTERS - 1,108 words
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Article, Illustration1539 2012-01-12 21 LEON HADAR - Republican candidates are fighting on social-cultural issues when the economy is on top of most American voters’ agenda LEON HADAR Washington Correspondent WHILE the Republican presidential candidates in the United States have been blasting one another, things seem to be looking better than expected forREUTERS - 1,539 words
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Article, Illustration815 2012-01-12 21 HUGO DIXON - iiS* REUTERS BREAKINGVIEWS V;. By HUGO DIXON SEMANTICS could help save the eurozone. There is a crying need to distinguish between fiscal austerity and structural reform. The endless austerity programmes adopted by the GIIPS Greece, Ireland, Italy, Portugal and Spain threaten to crush theirREUTERS - 815 words
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AVIATION
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622 2012-01-12 22 Airlines that pass on all costs associated with carbon dioxide allowances can glean US$2.6b: study Bloomberg [BRUSSELS] US airlines may post windfall gains of as much as US$2.6 billion after their inclusion in the European Union emissions trading system, according to anBloomberg - 622 words
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294 2012-01-12 22 Bloomberg [LONDON] Airport check-in will become the exception rather than the rule within 10 years as terminals and airlines boost connectivity with smartphones, a study from reservation systems provider Amadeus IT Holding suggests. The report, titled From Chaos to Collaboration, also says airlines willBloomberg - 294 words
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Article274 2012-01-12 22 Reuters [MUMBAI] A debt restructuring plan for troubled national carrier Air India has been rejected by the airline’s lenders, the Business Standard newspaper reported yesterday, as bankers refused to take a stake in the loss-making airline. A consortium of banks with exposure to state-ownedReuters - 274 words
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Article, Illustration540 2012-01-12 22 Bloomberg [SINGAPORE] Incheon International Airport Corp, operator of South Korea’s busiest gateway, is close to approving plans for a US$3 billion resort in the vein of Singapore’s Marina Bay Sands to help lure more Chinese tourists. A US company has proposed buildingBloomberg; BLOOMBERG - 540 words
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361 2012-01-12 22 BAA-operated airports carry over 8m passengers Reuters [LONDON] Traffic at airports operated by BAA rose last month with Heathrow enjoying its busiest December ever in terms of both passenger numbers and cargo which grew for the first time since February 2011Reuters - 361 words
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Page 22 Advertisements
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Advertisement36 2012-01-12 22 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY A FAIR FRENZY Indian property fairs are a big draw in Singapore REMO MAKES ALL THE RIGHT MOVES GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST36 words
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Page 22 Miscellaneous
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Miscellaneous325 2012-01-12 22 CRYPTIC CROSSWORD Across 7 Like wheat from the West Country? (7) 8 Room for a mule maybe, but not to swing a cat! (7) 10 Ray the first to savour superior Friday treat? (4,6) 11 Nothing odd about bird being late (4) 12 Appeal to lowest common denominator with stupid325 words
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Page 23 Advertisements
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Advertisement1230 2012-01-12 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN Camden/New Orleans/Tampico Destination GOOD PACIFIC~1,230 words
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Advertisement1388 2012-01-12 23 WAN HAI LINES www.wanhai.com.sg TO HONG KONG TAIWAN JAPAN KOREA Major Service Twice Weekly WAN HAI INTERNATIONAL PTE LTD UEN:*****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031)1,388 words
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THE BUSINESS TIMES SHIPPING TIMES
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SHIPPING
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654 2012-01-12 24 Move to thwart rival China in controlling LNG engg firm seen as vital for survival Reuters [SEOUL] The battle between South Korea and China to own Gaztransport Technigaz (GTT), a firm that develops systems for storing liquefied natural gas (LNG)Reuters - 654 words
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Article, Illustration600 2012-01-12 24 Demand in dry bulk market expected to remain weak Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in five months as a growing slowdown in cargo bookings hurt sentiment. The overall index fellReuters; REUTERS - 600 words
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252 2012-01-12 24 Bloomberg [SINGAPORE] The global fleet of container ships may increase 8.3 per cent in 2012, the most in two years, prolonging an oversupply of vessels on all major trade lanes that could undermine efforts to raise rates, Alphaliner says. Container ship capacityBloomberg - 252 words
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Page 24 Advertisements
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Advertisement329 2012-01-12 24 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SPL Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN~ PKG~ JEA~ BND~ BIK ALVA~ HDM 0115S 17 Jan ~18 Jan~329 words
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Advertisement171 2012-01-12 24 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services WEBSITE: www.rickmers.linie.com ~JKT~ ETA SIN~ LCH~ SGN~ HPH~ SHA~ NBO~ XIN~ DLC Rickmers New Orleans 316 (27/12) (05/01) 10/01 22/01 27/01 05/02 11/03 17/03 23/03 22/03 28/03 31/03 Rickmers Hamburg 317 17/01 22/01 28/01 09/02 14/02 23/02 13/03 17/03 21/03 25/03171 words
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Advertisement18 2012-01-12 24 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. The Business Times Shipping times18 words
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SINGAPORE STOCKS
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Article1308 2012-01-12 25 Transaction date: Jan 11 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld C'vr Net P/E M Cap1,308 words
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Article179 2012-01-12 26 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil nch179 words
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Article7239 2012-01-12 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA Life Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia7,239 words
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Article241 2012-01-12 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 $mil Last 49 25.5 Genting HK US$ US30.5 +0.5 8672 31 30 30.5 31 2008.3 15 10 OGL Resources A$ A10 5 10.9 1.5 219 168 TanChongInt HK186241 words
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Article803 2012-01-12 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 $mil 1261 856 CIMBAsean40 100US$ US971 969 977 38.8 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.9 ***** ***** DBXT AUDCS 5AU$ A***** ***** *****803 words
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FINANCE & COMMODITIES
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373 2012-01-12 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 10 Index Change Change Change Change Change Change World Preliminary 849.9 1.2 2.4 0.7 1.6 1.3 2.2 EAFE Preliminary 694.0 1.4 1.7 1.0 0.6 1.7 1.2 Europe Preliminary 1047.3 1.8 2.0373 words
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Article77 2012-01-12 27 CRUDE OIL PRODUCTS Jan 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.30 1.41 WTI (Near Mth) 102.32 1.05 Dubai (1-Mth F) 110.01 0.33 Tapis blend 119.78 -0.24 Minas 117.98 -0.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.06 0.23 Jet Kerosene 128.30 0.45 US$/barrel Opec Oil77 words
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Article107 2012-01-12 27 Jan 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1223.75 1225.75 1228.50 1213.50 Mar 12 1232.00 1233.00 1237.00 1220.50 May 12 1241.00 1242.00 1246.25 1229.75 Jul 12 1250.25 1250.50 1254.25 1238.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 52.20107 words
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Article80 2012-01-12 27 Jan 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 12-Apr-12 0.34 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01-Jul-13 102.88 102.94 102.9 5-Year N*****0W 1.125 01-Apr-16 102.39 102.55 102.5580 words
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Article454 2012-01-12 27 Jan 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.4450 0 2689 Jun12 99.4100 0 4434 Sep12 99.3800 0 653 Dec12 99.3650 0 579 EUROYEN TIBOR FUTURES Mar12 99.6800 99.6800 99.6800 99.6550 0 1949 Jun12 99.6800 99.6800 99.6800 99.6625 0 1440 Sep12 99.6700 99.6700 99.6700454 words
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Article, Illustration114 2012-01-12 27 As on 10 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1641.10 1616.20 1631.70 865 CURRENCY AUD-USD FUT MAR2012 1.0271 1.0195 1.0233 3064 EUR-USD FUT MAR2012 1.2821 1.2608 1.2776 7950 USD-JPY FUT MAR2012 76.84 76.60 76.77 2976 BASE METAL114 words
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Article168 2012-01-12 27 Jan 11 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 343.0 640.0 343.2 13 245 Mar 12 346.1 346.0 346.1 18 324 Apr 12 347.0 343.6 349.0 52 183 May 12 353.0 254 Jun 12 354.0 216168 words
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Article67 2012-01-12 27 Jan 10 Jan 10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2137.50 2085.75 3 months 2164.00 2108.00 Copper, Grade A(US$/tonne) Cash 7733.00 7488.00 3 months 7740.00 7496.00 Lead(US$/tonne) Cash 1966.75 1941.50 3 months 1989.00 1965.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.0067 words
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Article80 2012-01-12 27 Jan 10 COCOA (£/tonne) Close Prev High/Low Mar 12 1544 1428 1545/1471 May 12 1557 1442 1559/1482 Jul 12 1570 1457 1570/1484 Sep 12 1582 1471 1583/1509 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1781 1741 1790/1730 Mar 12 1805 1763 1825/1742 May 12 1832 1790 1851/1769 Jul 12 185680 words
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379 2012-01-12 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 61 47.25 28 COOO) Conv Ratio Baker Technology Ltd W*****6 3.8 1 32 38 6.84 10 Price Prem Disc Gearing Expiry Mths Left CompactMetalIndustries W*****3379 words
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Article470 2012-01-12 27 Jan 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.046 6.509 0.808 8.002 53.223 94.800 0.793 11.935 3.238 1.296 92.657 45.337 1.331 8.347 0.979 30.883 32.707 0.666 1.030 Canada 0.956 6.222470 words
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Article68 2012-01-12 27 Jan 11 |bM| I mth turn? 031 Mfi mUiv a i ii HHW 3 Mflht n 1i 30**3 a«a«n snrl 1 n Maiii (irin v*-ut> SWAP OHtf r*(c4 l»1 p 11 »,7 4 iirih' mill?. P5?S«8 0 Tinnrr iWW Mlt) iat« U' Vy.. 0 *>*'•*'* n>c«i(w 0.***** <5S) P.*****68 words
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Article122 2012-01-12 27 Jan 11 GOLD |li51/.v; llrtinj Kun<j Vin #Xt ittrfvi jy»n n iMi in I'tllMtl 1 Jilt <’J IC1UQU thll m Source: Thomson Reuters CAST SAli Ain 1) Srfltij Pj»i ij hlfthryf mar I'AMC GOLD Lifinj I'TTl 5'JHI Je>->-1 lOcjm mi U1 JOflir ■MS •36? 3Ueji>» mo •ii/7 ioo^it.122 words
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Article57 2012-01-12 27 Jan 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3200.0 3224.0 3215.0 3200.0 21 156 Feb 12 3207.0 3237.0 3240.0 3205.0 884 ***** Mar 12 3202.0 3233.0 3233.0 3194.0 8303 ***** Apr 12 3199.0 3228.057 words
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Article24 2012-01-12 27 Jan 11 Open High Sett STI Jan 2747.0 SIMSCI Jan 310.0 313.8 313.3 Taiwan Jan 258.3 260.5 258.9 Source: SGX Derivatives24 words
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Article154 2012-01-12 27 Jan 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3305 1.3316 1.0299 1.0304 Canadian dollar 1.2718 1.2727 0.9844 0.9848 Euro 1.6476 1.6483 1.2753 1.2755 NZ dollar 1.0265 1.0275 0.7946 0.7951 Sterling pound 1.9978 1.9989 1.5464 1.5468154 words
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Article22 2012-01-12 27 Jan 11 S$ Bid Offer 1-month 1.2919 1.2924 2-months 1.2919 1.2924 3-months 1.2917 1.2922 6-months 1.2900 1.2907 Source: OCBC22 words
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Article121 2012-01-12 27 As at 9am Jan 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.36 1.296 Can dollar 1.292 1.243 Euro 1.678 1.614 Sterling pound 2.035 1.957 NZ dollar 1.054 1.004 US dollar 1.311 1.261 Local dollars to 100 units of foreign121 words
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Article129 2012-01-12 27 Jan 11 UUi u 1 1 .HWl.f.. Ml mimin'. Wk Ul murnm Mv.fflwlfl m<4n> <iii« I Ilf If 1*4% Ul*r w /*> y» V li* «t i ivwnlh f immii 1 'iromnt f* f. IIIMIllU'i <411 V •Mllllllll'i 1 1 iiiihoIp Trt tt 1 Jm wMWr •4 i129 words
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BizIT
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1105 2012-01-12 28 AMU ROY CHOUDHURY - Despite decline in 2012 spending, at US$35b, it will still be the third-highest in the past 10 years, reportsAMIT AMU ROY CHOUDHURY THE global semiconductor industry is expected to put the brakes on buying equipment for fabs this year, particularly in the first half,1,105 words
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559 2012-01-12 28 VICTORIA HO - By VICTORIA HO SINGAPORE has taken a step towards opening up South Korea as a lucrative market for local IT security firms, said Ngair Teow Hin, chairman of the security governance chapter for the Singapore IT Federation (SiTF). Mr Ngair was speaking559 words
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576 2012-01-12 28 Bloomberg [SEATTLE] Microsoft Corp, the world’s largest software maker, said industrywide sales of personal computers will probably be lower than analysts projected in the fourth quarter because supply was hurt by flooding in Thailand. Analysts have estimated that total PC shipments fell aboutBloomberg - 576 words
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Article, Illustration368 2012-01-12 28 Bloomberg [NEW YORK] Lenovo Group Ltd chief executive officer Yang Yuanqing said there’s scant room for growth in the tablet market and that devices running Google Inc software including his company’s machines will keep trailing the iPad. “Tablets willBloomberg; AFP - 368 words
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391 2012-01-12 28 Developing regions will account for 46% of global sales AP [LAS VEGAS] Developing countries like China and India will drive global sales of consumer electronics above US$1 trillion this year for the first time, even as cash-strapped shoppers inAP - 391 words
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175 2012-01-12 28 Reuters [LAS VEGAS] Panasonic Corp’s president said his company has no intention to invest in scandal-hit Olympus Corp at the moment, while Sony Corp said it would be inappropriate to comment at present. Both companies and Fujifilm Holdings have been seen as potentialReuters - 175 words
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PROPERTY
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Article, Illustration852 2012-01-12 29 Over 500 of the schools opened last year, bringing the total to about 5,600 Bloomberg [CHICAGO] A warehouse where workers once shaped and cut steel on Milwaukee’s north side is getting a second life. It’s being transformed into a charter school that’s scheduled toBloomberg; AP - 852 words
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Article1413 2012-01-12 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 22 WITH CONTRACT DATES BETWEEN DEC 14 AND DEC 20, 2011 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 19/12/2011 99 732 1815 2480 Robinson Suites Apt 14/12/20111,413 words
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Article, Illustration687 2012-01-12 30 KALPANA RASHIWALA - Paya Lebar Square rakes in $80m from 60 units, Eldix sells 20 units for $15.5m By KALPANA RASHIWALA A STEADY stream of sales has been achieved for strata office and industrial units in two new projects that went on the market in late December.687 words
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Article, Illustration473 2012-01-12 30 Bloomberg [HONG KONG] India, which is building the world’s sec-ond-tallest skyscraper, is catching up with China in an office building boom that may indicate that an economic slowdown is imminent, according to Barclays Capital Research. India is scheduled to complete 14 new skyscrapers tallerBloomberg; AP - 473 words
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Advertisement92 2012-01-12 29 \a/UL RESIDENCE Wilby Central *****888 Wilby Bukit Timah *****505 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes’ walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit www.wilbyresidences.com92 words
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Advertisement349 2012-01-12 30 Royalville 250m to Sixth Ave MRT Land 174,176 sf; GPR 1.4 5-sty; FH 250m to upcoming Sixth Ave MRT station Close to established Pri Int’l schs Near F&B outlets and amenities Potential for 255 apts of ave 1,000 sf Tender Closing on 15 Feb 012 (Wed), 2.3 pm yewmin@credo.com.sg (CEA349 words
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Advertisement170 2012-01-12 30 PPC Properties Pte ma m im 5000 sqft built in/ 3 storey unit 5 minutes walk to Orchard Road (Paragon Shopping Center) Freehold, 4+1 bedrooms, attached bathrooms 2 carpark lots 100% newly renovated For all enquiries call *****546 *****966 [A A 11 PD Top Office Floors UD With Sea Views170 words
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Advertisement134 2012-01-12 30 BUDGET HOTEL FOR SALE IN MELAKA CITY CENTRE 2 adjoining 4 storey shoplots (corner intermediate) Newly converted into a 35-room budget hotel with a cafe-bakery Leasehold (88 yrs balance) Jonker Street (5 mins walk) Mahkota Parade (7 mins walk) Good Returns Troy Ng 9686-0399 (roo-issie) troy@rea.com.sg Onlu^ CASH IS KING134 words
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Advertisement329 2012-01-12 31 v<9° CS P~ *°rSP n m m V mi a 4 r it iSS!” Igg i! lPH r I fl Vtim ■«su IP* ig i-» P"r .a III I Alki A 0 KV-flim jl i Iflinfl r r isn 5! mi 11 ?•> lHBhhn».ilii aj«ii«MIIBaiii<jaaiilllitiBiJtJBbdfiIiaBBaMtiMaia ■■■liKiiiSSjSSj r*x' r'S-, U-uy«u^b «~r»329 words
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Advertisement416 2012-01-12 32 CPS366/J AN 12/AD 1 /A MAYBANK VISA I n/; N I IE Maybank ■aa A INFINITE I SiFBb 1888 4b8b 1812 3-4-51 4696 tT 2011 Sf 12/Ib ANDY CHONG Y K VISA Unique experiences reserved for the chosen few Featuring Album Of The Year Nominees 012 M m. r A416 words
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Advertisement47 2012-01-12 33 8 11 8 871 8 1 "30 00 04 ■the Business Times s$i.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION co regim no i*****868E mica(P) 120/08/2011 Thursday, January 12,2012 Your chance to shine An exceptional experience at Music’s Biggest Night: The 54th Annual GRAMMY® Awards47 words
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Advertisement198 2012-01-12 34 MAYBANK VISA I N I IE Unique experiences reserved for the chosen few It A fl w I The rare opportunity to attend the 54th Annual GRAMMY Awards is just one of many unique experiences you can expect from the Maybank Visa Infinite Card. Catch your favourite celebrities live on198 words
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