The Business Times, 12 January 2012

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Total Pages: 33
1 34 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, January 12, 2012
    25 words
  • 707 1  -  By SIOW LI SEN [SINGAPORE] DBS chief executive Piyush Gupta is cautiously optimistic that 2012 won’t turn out as badly as projected and thinks the government is too pessimistic in its outlook. “If I have to do a range, my range will centre
    707 words
  • MARKETS DIGEST
    • 110 1 GST INDEX 2,747.13 (+27.30) GST INDEX FUTURES 2,747.00 (+27.00) GSIMSCI 313.21 (+3.08) GSIMSCI FUTURES 313.30 (+4.10) us$ 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 RUPIAH
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.677 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • 1169 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 and
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  • Page 1 Advertisements
    • 146 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 Portuguese
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    • 20 1 BizIT Fab spending expected to slide 10.6% PAGE 28 ATM fraud: Gupta says sorry for inconvenience, Page 4 *****1 *****4
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    • 19 1 OUSTER OF WBL CHAIRMAN Shares rise 1.4% PAGE 4 Steady sales at office, industrial projects PROPERTY I PAGE 30
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    • 10 1 REPUBLICAN PRESIDENTIAL RACE Romney wins New Hampshire primary page 18
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  • TOP STORIES
    • 663 2  -  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. In
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    • 387 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 continue
      AFP; Bloomberg  -  387 words
    • THREE-MINUTE DIGEST
      • 59 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 SGX
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      • 53 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),” said
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      • 71 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 amount
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      • 37 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.
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      • 52 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,
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      • 45 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.
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      • 63 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 year
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      • 38 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.
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      • 77 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 month
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    • 464 4  -  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 changes
      FILE PHOTO  -  464 words
    • 907 4  -  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 is
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    • 406 4  -  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. CIMB
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    • 512 4  -  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 internal
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  • Page 2 Advertisements
    • 78 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 varioram
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    • 18 2 COMPANY NEWS, PAGE 6 COMPANY NEWS, PAGE 8 SINGAPORE NEWS, PAGE 12 WORLD, PAGE 17 WORLD, PAGE 18
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  • Page 3 Advertisements
    • 184 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. And
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  • Page 4 Advertisements
    • 287 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 mature
      287 words
    • 8 4 Construction demand seen dropping in 2012, Page 12
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  • Page 5 Advertisements
    • 125 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) 6363
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  • COMPANY NEWS
    • 432 6  -  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.
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    • 318 6  -  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 per
      318 words
    • 283 6  -  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 chairman
      283 words
    • 392 6  -  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
    • 605 8  -  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 Choa
      605 words
    • 273 8  -  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, we
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    • 448 8  -  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 majority
      448 words
    • 470 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, as
      470 words
    • 522 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 jumped
      Reuters  -  522 words
    • 250 11  -  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 2010
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  • Page 6 Advertisements
    • 140 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 experience
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  • Page 7 Advertisements
    • 135 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 from
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  • Page 8 Advertisements
    • 2065 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 dish
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  • Page 9 Advertisements
    • 125 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 NAVIGATION
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  • SINGAPORE MARKETS
    • 649 10  -  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 selected
      Source: Bloomberg  -  649 words
    • 4 10 DAILY
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    • 66 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 FTSE
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    • 186 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 11
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    • BROKERS' TAKE
      • 355 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 outperforming
        355 words
      • Article, Illustration
        368 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 per
        Source: Bloomberg  -  368 words
      • 83 10  -  Compiled by JOYCE HOOI Jan 11 close: $10.11 DMG PARTNERS RESEARCH, Jan 11 The news: US$150 million job to construct and upgrade a semisub from Diamond Offshore. The semisub rig is expected to be ready by Q3 2013 and to be renamed Ocean Onyx. We maintain our FY2012-2013F
        83 words
      • 133 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
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    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 32,872 32,872 126,837 126,837 Manufacturing 216,577 13,148 229,725 233,815 280 234,095 Commerce 180,326 4,986 185,312 210,126 514 210,640 Tpt/Stor/Comms 146,398 38,211 184,609 190,816 5,162 195,977 Finance 25,513 25,513 232,264 232,264 Construction 57,659 6,849 64,508 18,479
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    • 113 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.210 +0.020 CapitaLand 2.380 +0.030 CapitaMall 1.735 -0.020 CityDev 9.300 +0.080 ComfortDelGro 1.445 +0.005 DBS Grp 12.140 +0.260 F&N 6.480 +0.050 GLP 1.820 +0.030 Genting SP 1.535 -0.005 Golden Agri 0.735 -0.005 HK Land 5.000 +0.110 JMH
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    • 456 10 CURRENCIES Bloomberg [SINGAPORE] Most Asian currencies fell, led by South Korea’s won, as concern Europe’s debt crisis will worsen countered an improvement in US jobs data. The Bloomberg-JPMorgan Asia Dollar Index dropped after David Riley, London-based head of the sover-eign-debt unit at Fitch
      Bloomberg; BLOOMBERG FILE PHOTO  -  456 words
    • 60 10 VOLUME Noble Grp 124,364,000 Genting SP 52,556,000 Golden Agri 45,475,000 Artivision 44,372,000 HPH Trust US$ 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($) Noble Grp 138,574,916 DBS Grp 109,682,370 SembMar 103,775,935 Keppel Corp 86,721,430 Genting SP 80,755,280 OCBC Bk 72,076,080 SingTel 58,506,193
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    • 107 10 BY CENTS CLOSE UP GLD 10US$ ***** 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.1201
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    • 121 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 -0.7
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    • 5 10 DAILY
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  • Page 11 Advertisements
    • 30 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.sg
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    • 206 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 CFD
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  • SINGAPORE NEWS
    • 555 12  -  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 clocked
      Source: BCA  -  555 words
    • 427 12  -  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 Standard
      427 words
    • 345 12  -  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 plans
      345 words
    • 185 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
    • 206 12  -  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 reaction
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    • 380 12  -  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 received
      380 words
    • 297 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 of
      297 words
  • Page 12 Advertisements
    • 443 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 of
      443 words
    • 24 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/g
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  • Page 13 Advertisements
    • 325 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; >> 1
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  • ECONOMY WATCH
    • 681 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 robustly
      AFP  -  681 words
    • 732 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 probably
      Bloomberg  -  732 words
  • Page 14 Advertisements
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  • MALAYSIA
    • 429 15  -  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 Bank
      BLOOMBERG  -  429 words
    • 398 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
  • Page 15 Advertisements
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    • 1811 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”) will
      1,811 words

  • GREATER CHINA/INDIA
    • 521 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 opposition
      AP; AFP  -  521 words
    • 423 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. Guo
      Reuters  -  423 words
    • 165 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 first
      Reuters  -  165 words
    • 211 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 quell
      Reuters  -  211 words
  • WORLD
    • 604 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 old
      Reuters; BLOOMBERG  -  604 words
    • 409 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
    • 502 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 past
      Bloomberg  -  502 words
    • 655 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 a
      Bloomberg; BLOOMBERG  -  655 words
    • 470 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 government
      Reuters  -  470 words
    • 793 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 nomination
      Bloomberg; AP  -  793 words
    • 643 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 to
      Reuters  -  643 words
    • 828 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 hands
      AFP  -  828 words
  • Page 16 / 17 Advertisements
    • 364 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

  • Page 18 Advertisements
    • 1186 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 transact
      1,186 words

  • Page 19 Advertisements
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  • EDITORIAL & OPINION
    • 511 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 growing
      511 words
    • 806 20  -  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
    • 1108 20  -  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 bankruptcy
      REUTERS  -  1,108 words
    • 1539 21  -  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 for
      REUTERS  -  1,539 words
    • 815 21  -  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 their
      REUTERS  -  815 words


  • AVIATION
    • 622 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 an
      Bloomberg  -  622 words
    • 294 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 will
      Bloomberg  -  294 words
    • 274 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-owned
      Reuters  -  274 words
    • 540 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 building
      Bloomberg; BLOOMBERG  -  540 words
    • 361 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 2011
      Reuters  -  361 words
  • Page 22 Advertisements
    • 36 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 LAST
      36 words
  • Page 22 Miscellaneous
    • 325 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 stupid
      325 words

  • Page 23 Advertisements
    • 1230 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
    • 1388 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

  • THE BUSINESS TIMES SHIPPING TIMES
    • SHIPPING
      • 654 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
      • 600 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 fell
        Reuters; REUTERS  -  600 words
      • 252 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 capacity
        Bloomberg  -  252 words
  • Page 24 Advertisements
    • 329 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
    • 171 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 25/03
      171 words
    • 18 24 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. The Business Times Shipping times
      18 words

  • SINGAPORE STOCKS
    • 1308 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 Cap
      1,308 words
    • 179 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 nch
      179 words
    • 7239 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 Asia
      7,239 words
    • 241 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 HK186
      241 words
    • 803 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


  • FINANCE & COMMODITIES
    • 373 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 2.0
      373 words
    • 77 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$/barrel Opec Oil
      77 words
    • 107 27 Jan 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1223.75 1225.75 1228.50 1213.50 Mar 12 1232.00 1233.00 1237.00 1220.50 May 12 1241.00 1242.00 1246.25 1229.75 Jul 12 1250.25 1250.50 1254.25 1238.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 52.20
      107 words
    • 80 27 Jan 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 12-Apr-12 0.34 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01-Jul-13 102.88 102.94 102.9 5-Year N*****0W 1.125 01-Apr-16 102.39 102.55 102.55
      80 words
    • 454 27 Jan 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.4450 0 2689 Jun12 99.4100 0 4434 Sep12 99.3800 0 653 Dec12 99.3650 0 579 EUROYEN TIBOR FUTURES Mar12 99.6800 99.6800 99.6800 99.6550 0 1949 Jun12 99.6800 99.6800 99.6800 99.6625 0 1440 Sep12 99.6700 99.6700 99.6700
      454 words
    • 114 27 As on 10 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1641.10 1616.20 1631.70 865 CURRENCY AUD-USD FUT MAR2012 1.0271 1.0195 1.0233 3064 EUR-USD FUT MAR2012 1.2821 1.2608 1.2776 7950 USD-JPY FUT MAR2012 76.84 76.60 76.77 2976 BASE METAL
      114 words
    • 168 27 Jan 11 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 343.0 640.0 343.2 13 245 Mar 12 346.1 346.0 346.1 18 324 Apr 12 347.0 343.6 349.0 52 183 May 12 353.0 254 Jun 12 354.0 216
      168 words
    • 67 27 Jan 10 Jan 10 Aluminium, 99.7% purity(US$/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 *****.00
      67 words
    • 80 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$/tonne) Close Prev High/Low Jan 12 1781 1741 1790/1730 Mar 12 1805 1763 1825/1742 May 12 1832 1790 1851/1769 Jul 12 1856
      80 words
    • 379 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 61 47.25 28 COOO) Conv Ratio Baker Technology Ltd W*****6 3.8 1 32 38 6.84 10 Price Prem Disc Gearing Expiry Mths Left CompactMetalIndustries W*****3
      379 words
    • 470 27 Jan 11 A$ 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 6.222
      470 words
    • 68 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
    • 122 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
    • 57 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 3228.0
      57 words
    • 24 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 Derivatives
      24 words
    • 154 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 1.5468
      154 words
    • 22 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: OCBC
      22 words
    • 121 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 foreign
      121 words
    • 129 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 i
      129 words

  • BizIT
    • 1105 28  -  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
    • 559 28  -  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 speaking
      559 words
    • 576 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 about
      Bloomberg  -  576 words
    • 368 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 will
      Bloomberg; AFP  -  368 words
    • 391 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 in
      AP  -  391 words
    • 175 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 potential
      Reuters  -  175 words

  • PROPERTY
    • 852 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 to
      Bloomberg; AP  -  852 words
    • 1413 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 14/12/2011
      1,413 words
    • 687 30  -  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
    • 473 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 taller
      Bloomberg; AP  -  473 words
  • Page 29 Advertisements
    • 92 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.com
      92 words

  • Page 30 Advertisements
    • 349 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 (CEA
      349 words
    • 170 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 Views
      170 words
    • 134 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 KING
      134 words

  • Page 31 Advertisements
    • 329 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

  • Page 32 Advertisements
    • 416 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 A
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  • Page 33 Advertisements
    • 47 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® Awards
      47 words

  • Page 34 Advertisements
    • 198 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 on
      198 words