The Business Times, 31 January 2012

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Total Pages: 29
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, January 31, 2012
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  • 824 1  -  Fine upped tenfold to $50,000, QoS standards raised for higher mobile phone coverage from April 1 By VICTORIA HO [SINGAPORE] Singapore’s Infocomm Development Authority (IDA) will require telecommunications players in the country to raise the level of mobile phone coverage, and plans to
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  • MARKETS DIGEST
    • 110 1 HST INDEX 2,888.29 (-27.97) HST INDEX FUTURES 2,888 (-28) HSIMSCI 330.95 (-2.72) HSIMSCI FUTURES 330.90 (-3.00) US$ S$ US$ (S$ per US$) 1.258 (US$/S$ per 1.568 1.972 EURO (US$/S$/E) 1.316 1.655 Foreign currency per US$ S$ YEN 76.70 61.00 RM 3.054 2.427 HK$ 7.758 6.166 BAHT 31.13 24.74 RUPIAH
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    • 17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.797 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • 637 1  -  Fear is that Greece, Ireland would not take austerity steps By NEIL BEHRMANN in London EUROPEAN markets became less sanguine on Monday on fears that Greece, Ireland and other nations would refuse to carry out eurozone austerity measures. The euro and stock prices
    AFP  -  637 words
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  • TOP STORIES
    • 664 2  -  With economy on track, banks in strong position to lend, SMEs should have sufficient access to funds By FELDA CHAY [SINGAPORE] Barring a deterioration in the local lending climate and unforeseen economic developments, Spring Singapore does not think it will have to repeat
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    • 871 2  -  Section 340 of the Companies Act to come under scrutiny By GRACE LEONG [SINGAPORE] Sunshine Empire founder James Phang Wah has secured the High Court’s green light to challenge the basis of his fraud conviction under the Companies Act at the
      THE STRAITS TIMES FILE PHOTO  -  871 words
    • 297 2 Bloomberg Reuters [KUALA LUMPUR] Malaysia says it will further liberalise its domestic capital markets from today, relaxing rules on interest rate derivatives, debt and foreign exchange trading. Banks licensed in the Southeast Asian nation will be allowed to trade foreign currencies against
      Bloomberg; Reuters  -  297 words
    • THREE-MINUTE DIGEST
      • 65 2 SINGAPORE’S Infocomm Development Authority will require telecommunications players to raise the level of mobile phone coverage, and plans to mete out a much more severe penalty to those who don’t meet the new standards. The regulatory body announced yesterday that it would raise
        65 words
      • 67 2 EUROPEAN markets became less sanguine yesterday on fears that Greece, Ireland and other nations would refuse to carry out eurozone austerity measures. The euro and stocks fell across the board, despite expectations that European leaders would sign a treaty creating the European Stability
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      • 89 2 BARRING a deterioration in the local lending climate and unforeseen economic developments, Spring Singapore does not think it will have to repeat a move it made in 2009, when it rolled out additional loan programmes to boost financing to small and medium-sized enterprises
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      • 52 2 PRICES for small apartments islandwide as well as for larger apartments outside the Central Region rose about twice as fast as prices of larger apartments in the Central Region last year. This trend, while similar to the one in 2010, was more pronounced
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      • 57 2 COMMODITY trader Olam International has teamed up with Russian dairy farm player Rusmolco for the large-scale development of dairy and grains farming in the Penza region of Russia. Singapore-listed Olam said yesterday that it would invest up to US$75 million for
        57 words
      • 60 2 MYANMAR and Singapore have signed a new agreement that will see Singapore provide assistance in economic development, human resource development and public administration. The Singapore-Myanmar Technical Cooperation Programme aims to support Myanmar’s efforts to build a strong base of skilled workers as the
        60 words
    • 894 4  -  Larger units in Central Region up 5.7%; those elsewhere up 11.7% By KALPANA RASHIWALA [SINGAPORE] Prices for small apartments islandwide as well as for larger apartments outside the Central Region rose about twice as fast as prices of larger apartments in the Central
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    • 489 4  -  PUB says this is current outstanding bill for 20 projects in next 5 years By LYNN KAN [SINGAPORE] Expanding drains and canals alone will probably cost Singapore more than $750 million in the next five years the current outstanding bill for 20
      489 words
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    • 133 2 NETWORKING for Risk Management Professionals Learn the latest industry developments and how you can further your risk management career! Programme Highlights: t. Sharing by Professional Risk Managers' International Association (PRMIA) Singapore Chapter Mr Yusuf Yasin, Head, Operational Risk Management, Global Markets Product Control, Standard Chartered Bank 2. NUS RMI Professional
      133 words
    • 4 2 FRONT PAGE FRONT PAGE
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    • 16 2 TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 5 SINGAPORE NEWS, PAGE 9
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    • 19 2 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES :i_A/FEB11/g
      19 words

  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 2065 4 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
      2,065 words

  • Page 5 Advertisements
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  • COMPANY NEWS
    • 786 5  -  HOCK LOCK SIEW By R SIVANITHY IN last week’s “Trading in SIPs: all concerned have to raise their game” (BT, Hock Lock Siew, Jan 25), we made the point that new rules governing the trading of Specified Investment Products (SIPs) that require investors as well
      786 words
    • 378 5  -  Venture will see big-scale development of dairy, grains farming By FELDA CHAY COMMODITY trader Olam International has teamed up with Russian dairy farm player Rusmolco for the large-scale development of dairy and grains farming in the Penza region of Russia. Singapore-listed
      378 words
    • 407 5  -  Hit by double whammy of Thailand flooding and stronger Sing dollar By SIOW LI SEN CEREBOS Pacific yesterday posted a 20 per cent fall in net profit for its fourth quarter ended Dec 31, 2011, whipped by a double whammy of flooding in Thailand
      407 words
    • 636 7  -  Technical know-how provision part of transaction for one-third share Reports by VEN SREENIVASAN IN a move that gives it a critical claw-hold in the booming Indonesian domestic aviation market, Tiger Airways has finally completed its purchase of a one-third stake in Indonesia’s Mandala Airlines.
      BLOOMBERG  -  636 words
    • 699 7 FLIGHT restrictions in Australia, surplus capacity and soaring fuel price took a heavy toll on Tiger Airways, which reported a $17.44 million net loss for the third quarter ended December 2011, versus a net profit of $22.52 million a year earlier.
      699 words
    • 414 8  -  Big Four firm to report findings on breaches at broking arm By KENNETH LIM ASIASONS WFG Financial has hired a Big Four independent auditor to investigate the lapse of its broking arm’s licence, and a report is expected around the end of January,
      414 words
    • 369 8  -  By KELLY TAY SINGAPORE Post’s net profit slipped 5.2 per cent year on year, from $43.8 million to $41.6 million, for the third quarter ended Dec 31, 2011. Revenue for the three months inched up 0.6 per cent to $149.4 million,
      369 words
    • 383 8  -  By MICHELLE TAN STARHILL Global Real Estate Investment Trust (SGReit) posted a 4.7 per cent decline in income available for distribution to $22.2 million for the fourth quarter ended Dec 31, 2011, from $23.3 million a year back. Income to be distributed to unitholders also
      383 words
    • 263 8 GLOBAL Logistic Properties (GLP) has leased 14,500 square metres of industrial space in Suzhou, China to a major confectionery, food and beverage group, the manager of logistics facilities announced yesterday. The deal at GLP Park Suzhou Industrial (Genway) is the first between GLP and
      263 words
    • 354 8  -  By JAMIE LEE US investors will now be able to trade two Asian futures products offered by the Singapore Exchange (SGX), after the exchange received regulatory approval from the US authorities. SGX said yesterday it had received approval last Friday from the Commodity
      354 words

  • SINGAPORE MARKETS
    • 622 6  -  STI pullback could be a case of ‘buy in anticipation, sell on news’ STOCKS R SIVANITHY Senior Correspondent THERE was possibly an element of “buy in anticipation, sell on news” associated with yesterday’s session in equity markets in this part of the world. Since prices had
      Source: Bloomberg  -  622 words
    • 4 6 DAILY
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    • 66 6 Jan 30 VALUE CLOSE BT OB/OS 700.00 -59.00 BT CADI -*****.00 -85.00 BT 10-day MA -*****.00 +70.00 FTSE ST Mid Cap 641.82 -2.96 FTSE ST Small Cap 433.41 -1.25 FTSE ST All Share 693.34 -5.88 FTSE ST China Top 214.62 -1.84 FTSE ST China 247.14 -2.35 FTSE
      66 words
    • 186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 45 79 21 8 7 5 53 86 26 Commerce 16 33 9 5 4 3 21 37 12 Tpt/Stor/Comms 7 21 10
      186 words
    • BROKERS’ TAKE
      • 376 6 KIM ENG RESEARCH, Jan 30 HEALTHWAY Medical saw its share price surge by 6.25 per cent last Friday on volume of almost 57 million shares, drawing a query from the Singapore Exchange. In response, the company said that it was not aware of any reason for the spike
        376 words
      • 340 6  -  Compiled by JAMIE LEE Jan 30 close: $1.115 DBS GROUP RESEARCH, Jan 30 GROSS rental and net property income of $65.7 million and $45.6 million were 23 per cent and 24 per cent above initial public offering (IPO) forecasts respectively. This strong growth was largely due to
        340 words
      • 131 6 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
        131 words
    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 20,210 20,210 68,898 68,898 Manufacturing 244,454 24,214 268,668 180,744 499 181,243 Commerce 134,337 13,192 147,529 165,252 658 165,911 Tpt/Stor/Comms 102,028 26,800 128,828 152,391 4,013 156,404 Finance 15,319 15,319 126,597 126,597 Construction 183,201 5,887 189,088 21,318
      121 words
    • 111 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.320 +0.005 CapitaLand 2.610 -0.040 CapitaMall 1.710 CityDev 9.930 -0.230 ComfortDelGro 1.440 DBS Grp 13.420 -0.040 F&N 6.890 +0.090 GLP 1.975 +0.025 Genting SP 1.605 -0.025 Golden Agri 0.740 +0.005 HK Land 5.260 -0.090 JMH 52.000 -0.780
      111 words
    • 367 6 CURRENCIES AFP [TOKYO] The euro slipped against other currencies in Asia yesterday as market players awaited a European Union (EU) summit to see whether leaders will make progress on containing the region’s debt crisis. The euro bought US$1.3181 and 101.03 yen in Tokyo afternoon
      AFP; REUTERS  -  367 words
    • 56 6 VOLUME UniFiber 118,201,000 Golden Agri 104,496,000 EcoWise 92,196,000 Yoma 68,969,000 Genting SP 58,924,000 Noble Grp 58,542,000 AdvanceSCT 53,392,000 Artivision 36,262,000 Yongnam 35,399,000 Thai Beverage 32,331,000 VALUE($) Genting SP 94,901,110 Noble Grp 79,001,695 SingTel 77,818,160 Golden Agri 76,926,835 Keppel Corp 49,242,878 DBS Grp 39,735,040 OCBC Bk 35,859,940 UOB
      56 words
    • 115 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 221.8 1.0 DBXT FTVietnam 10US$ 2134 65.4 2.5 OCBC Bk 5.1%NCPS 100 ***** 50.0 0.5 DBXT Nifty 10US$ ***** 49.1 0.4 DBS Bk 4.7% NCPS 100 ***** 40.0 0.4 GLD 10US$ ***** 35.2 0.2 DBXT MSPacExJp 10US$ 428 31.5 6.2
      115 words
    • 123 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 5619 -153.5 -2.1 DBXT FTChina25 10US$ 2845 -114.5 -3.1 IS S&P500 ***** -103.2 -0.6 JMH 5200 -98.1 -1.5 JSH 3051 -94.4 -2.4 Jardine C&C 4981 -77.0 -1.5 DBXT MSINDO 10us$ 1503 -46.6 -2.4 DBXT CSI300 10US$ 839 -44.0 -4.0 DBXT MSEurope 10US$
      123 words
    • 5 6 DAILY
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  • Page 7 Advertisements
    • 544 7 Gold! Stocks Bonds I Gold y* Commodities FX Crosses FX t^ s Options Bonds ETCs CFDs c, x>< c'X, Bonds FX Commodities FX Crosses FX Options Gold FX > Q p 5tocks ETFs ETCs VO^^v^o^tis?'.Futures FX CFDs Stocks ETFs WcWCTC/. 6 0 n d 5 I hC FX Stocks J
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  • Page 8 Advertisements
    • 1277 8 CONSOLIDATED BALANCE SHEET As at October 31 (millions of Canadian dollars) 2011 2010 ASSETS Cash and due from banks 3,096 2,574 Interest-bearing deposits with banks 21,015 19,136 24,111 21,710 Securities Trading 68,279 59,542 Available-for-sale 117,269 102,355 Held-to-maturity 6,990 9,715 192,538 171,612 Securities purchased under reverse repurchase agreements 53,599 50,658 Loans
      1,277 words

  • SINGAPORE NEWS
    • 478 9  -  S’pore to provide training in trade facilitation, tourism, banking, governance By LEE U-WEN MYANMAR and Singapore have signed a new agreement that will see Singapore provide assistance in economic development, human resource development and public administration. The Singapore-Myan-mar Technical Cooperation Programme aims to
      RAJ NADARAJAN/THE STRAITS TIMES  -  478 words
    • 560 9  -  By EVE YEO THE National University of Singapore (NUS) has retained its 23rd global position in the Financial Times’ 2012 Top 100 Master of Business Administration (MBA) ranking for the second year running. Another Singapore university, Nanyang Technological University’s
      560 words
    • 312 9  -  By LESLEY TEOH THE Tripartite Committee for Low-Wage Workers and Inclusive Growth (TriCom) has updated the Tripartite Advisory on Best Sourcing Practices to encourage service buyers to outsource responsibly and adopt best practices when doing so. The revised advisory incorporates feedback gathered over a
      312 words
    • 420 9  -  By LEE U-WEN THE biggest challenge facing Asia this year will be how to cope with, and minimise, the spillover of the European sovereign debt crisis, according to the director of the Singapore-head-quartered Asean+3 Macroeconomic Research Office (Amro), Wei Benhua. The new facility
      420 words
    • 372 9  -  Lower-income workers may get more aid: Stanchart By EMILYN YAP THE government is likely to step up its productivity drive, help companies cope with higher costs, and provide more aid for lower-in-come workers in the upcoming Budget, said Standard Chartered yesterday. Long-term goals
      372 words
    • 180 9 UNITED Overseas Bank Ltd (UOB) ushered in the year of the water dragon at Pan Pacific Hotel with more than 1,500 of its customers on the fourth and fifth day of the Chinese New Year. The event was hosted by UOB deputy
      180 words

  • Page 10 Advertisements
    • 368 10 Brought to you by: HAVE a pressing question about a business-related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is shoot us an e-mail with your
      368 words
    • 126 10 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CWU O.S. No. No. 140 of 2011/R In the Matter of the Companies Act, Chapter 50 And In the Matter of PAU (F&B) HOLDINGS PTE. LTD. (ROC No. *****0402Z) Between SINGAPORE FOOD INDUSTRIES PTE. LTD. (ROC No. *****0678G) Plaintiffs And PAU
      126 words
  • SME Inc
    • 1433 10  -  Internet entrepreneur Vinod Nair has made commercial forays with a range of Web-based financial tools, reports ANNA LEE ANNA LEE VINOD Nair, CEO and founder of web technology company Catapult Ventures, takes information technology seriously and literally. Incorporating user-friendly technology, Mr Nair has sought to provide
      YEN MENG JIIN  -  1,433 words
    • 649 10  -  Engage SMU profs DAVIN CHOR The writer is assistant professor of econom ics, School of Econom ics, Singapore Management University Q: Given the current global economic outlook, what can SMEs do to adapt to the uncertain and volatile environment? Where are the opportunities for
      649 words
    • 970 12  -  AWAK Technologies’ portable artificial kidney device, which it hopes to bring to market in 2015, offers convenience and substantial cost savings, reports TAM YU LING TAM YU LING FOR many kidney patients afflicted with end stage renal disease (ESRD), having to sit through dialysis treatments
      YEN MENG JIIN  -  970 words
    • 1059 12  -  By now, most will acknowledge social media is here to stay. What can we expect and how do companies stay ahead? COMMENTARY By MRINALINI REDDY YOU only need to look at the numbers to know that social media is here to stay. Two
      BLOOMBERG FILE PHOTO  -  1,059 words

  • EMERGING ENTERPRISE
    • 1427 11 Past Emerging Enterprise Award winners share how they crossed boundaries and entered new markets with SPRING S’pore’s help IN TODAY’S competitive environment, SMEs and start-ups have to establish themselves and scale up their businesses from day one. These companies need to identify their niche competencies and
      1,427 words
  • Page 11 Advertisements
    • 221 11 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, up to three SMEs will each receive S$390,000 in prizes comprising an interest-free loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation
      221 words

  • Page 12 Advertisements
    • 107 12 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
      107 words
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  • ECONOMY WATCH
    • 916 13 Economic situation in 1983 was less complicated, vastly different: analysts Bloomberg [WASHINGTON] The brightening economy as the 2012 election year begins doesn’t yet match Ronald Reagan’s “Morning in America”. President Barack Obama presides over an economy that eluded the threat of
      Bloomberg; AP  -  916 words
    • 543 13 This may lead to further easing of monetary policy Reuters [MANILA] The Philippine economy grew slightly faster than expected in the last quarter of 2011, giving the central bank room to consider further easing of monetary policy soon to counter the impact of the
      Reuters  -  543 words
    • 493 13 Reuters [COLOMBO] Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800 million of a US$2.6 billion loan from the global lender due to the
      Reuters; REUTERS  -  493 words
    • 327 13 Reuters [NEW YORK] Major US banks are looking forward to spending less to handle problem home loans. The chief executives of JPMorgan Chase Co and Bank of America Corp, the two biggest US banks, said this month their rate of spending
      Reuters  -  327 words
    • 313 13 AFP [SEOUL] South Korea posted a current account surplus for the 22nd straight month in December despite the global economic slowdown, the central bank said yesterday. The surplus in the account, the broadest measure of international trade, was US$3.96 billion in December
      AFP  -  313 words
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      154 words

  • MALAYSIA/INDONESIA
    • 406 14 Operating expenses, bad debt allowances climb; net income up 3.6% to RM877m Bloomberg [KUALA LUMPUR] Public Bank Bhd, Malaysia’s third-biggest lender, said fourth-quarter profit grew at the slowest pace since 2009 as operating expenses and bad debt allowances climbed with
      Bloomberg; BLOOMBERG  -  406 words
    • 350 14 [ISTANBUL] Khazanah Nasional Bhd, the Malaysian government’s investment arm, is looking at good investment assets and projects with high margins, says its managing director Azman Mokhtar. “Turkey is a pivotal country for us. We have been looking at ways to deepen our economic
      350 words
    • 549 14 Deferment leaves more supply for local processors Reuters [KUALA LUMPUR] Malaysia has delayed issuing quotas to export crude palm oil without taxes for 2012 as it drafts policy to counter competition from top supplier Indonesia, which slashed its export taxes for
      Reuters  -  549 words
    • 423 14 S’pore, Sri Lanka, Seychelles, Vietnam assets up for sale [KUALA LUMPUR] Tycoon Vincent Tan Chee Yioun’s Berjaya Land Bhd (BLand) is looking to divest a majority of its existing hotel properties abroad, sources say. The hotel assets in Sri Lanka, Seychelles, Singapore and Vietnam, if
      FILE PHOTO  -  423 words
    • 372 14 [KUALA LUMPUR] GAS Malaysia Bhd, which is en route to listing, is expected to sign a gas sales agreement (GSA) with Petroliam Nasional Bhd (Petronas) early next month. “They are close to signing the new GSA as I understand it,” an analyst
      372 words
  • Page 14 Advertisements

  • GREATER CHINA/INDIA
    • 660 15 Premier promises broad reforms in banking, equities, insurance sectors Reuters [BEIJING] China’s Premier Wen Jiabao said the nation’s government debt is at an “overall safe and controllable” level, that funding for key projects would be ensured and that applying the brakes to the problem
      Reuters; REUTERS  -  660 words
    • 218 15 AFP [FRANKFURT] The European Union is drafting a law in response to Chinese protectionism in public markets, EU trade commissioner Karel De Gucht told the German Focus magazine in an interview expected to appear yesterday. “My colleague, internal market commissioner Michel Barnier, and
      AFP  -  218 words
    • 464 15 Reuters [CHICAGO] India, the world’s fourth largest oil consumer, will not take steps to cut petroleum imports from Iran despite US and European sanctions against Teheran, its finance minister said on Sunday during a visit to Chicago. The US wants buyers in
      Reuters  -  464 words
    • 382 15 Reuters [SHANGHAI] China will make Shanghai the global centre of yuan trading, clearing and pricing by 2015, according to a specific state plan laying out the city’s future as an international financial centre. The detailed plan, published jointly by the country’s
      Reuters; REUTERS  -  382 words
    • 553 15 Bloomberg [DAVOS, Switzerland] The US Federal Reserve’s pledge to keep interest rates low through at least late 2014 creates a risk of hyperinflation in Hong Kong, says Jaspal Bindra, Standard Chartered Plc’s chief executive officer for Asia. A currency peg to the dollar
      Bloomberg  -  553 words
  • Page 15 Advertisements
    • 20 15 Brand Your Assets Call 1800 289 8822 I or e-mail notices@sph.com.sg to publicise your Financial Statements BSATS NOTICES CLA/FEB1 1/g
      20 words
    • 245 15 How IT can improve your bottom line Now’s the best time to take advantage of the technological options available to businesses: infocomm technology, infrastructure and communications support and schemes to enhance productivity. Technology is a key enabler for growing your business and helps to overcome manpower constraints. With the impending
      245 words

  • Page 16 / 17 Advertisements
    • 168 16 / 17 9 o® e o@ \S 0 4/ n 7M V 47 r j a "v Si D U> ft J r' <i>. w U1 fij/ s. J> 1 4 v Michelle Wie Winner of CN Canadian's Women's Open 2010 2 LPGA victories HSBC <Z> Women's Champions 23rd 26th February 2012
      168 words

  • WORLD
    • 363 18 State regulator has doubts on viability of keeping Germany as its European hub Bloomberg [LONDON] Deutsche Boerse’s local regulator questioned whether it’s “viable” for the Frankfurt bourse to keep Germany as its European hub if it acquires NYSE Euronext, operator of the New
      Bloomberg  -  363 words
    • WORLD BRIEFS
      • 106 18 Reuters [TOKYO] Canon Inc yesterday said its president Tsuneji Uchida would step down and his role would be taken up by chairman and chief executive Fujio Mitarai after the company forecast weaker-than-expected earnings growth for this year. Canon said Mr Uchida would resign effective March
        Reuters  -  106 words
      • 65 18 Reuters [AMSTERDAM] Philips Electronics yesterday reported fourth-quarter core profit of 503 million euros (S$829 million), down from 913 million euros a year ago, and said it is cautious about 2012 given uncertainty in the global economy, particularly in Europe. The group warned
        Reuters  -  65 words
      • 70 18 Reuters [LONDON] The chief executive of part-nationalised British bank Lloyds is due to unveil over the next week plans to simplify the bank’s management structure, said a source involved in the process. The source said the restructuring followed earlier plans set out by CEO
        Reuters  -  70 words
      • 63 18 Reuters [LONDON] UBS’s £340 million (S$670 million) London headquarters will go ahead after the Swiss bank signed a pre-letting agreement with the site’s co-owners British Land and Blackstone Group. British Land and Blackstone yesterday said the 700,000 square foot building in London’s
        Reuters  -  63 words
      • 63 18 AFP [TOKYO] Japanese megabank Sumitomo Mitsui Financial Group (SMFG) yesterday said net profit dropped 20.2 per cent for the nine months to December due to a corporate tax revision. It said group net profit came to 411.0 billion yen (S$6.7 billion), down from 515.1 billion
        AFP  -  63 words
    • 644 18 Samsung, Apple gaining market share as RIM’s new software is delayed NYT [NEW YORK] The iPhone has taken a big bite out of the BlackBerry in a market where the older phone once dominated: business customers in North America. In Europe, Samsung
      NYT; REUTERS  -  644 words
    • 638 18 AFP [DAVOS, Switzerland] It was the talk of Davos, grabbing the imagination of a forum otherwise shrouded in gloom: a miracle machine that cracks the code of life within hours and could revolutionise healthcare. Patients will no longer have to wait weeks to
      AFP; REUTERS  -  638 words
    • 271 18 Reuters [MEXICO CITY] About US$50 billion a year is siphoned illegally out of Mexico due largely to tax evasion and trade manipulation, a report showed on Sunday. At least US$872 billion has flowed out of Mexico illegally between 1970 and 2010,
      Reuters  -  271 words
    • 563 19 Templeton division chief says China, Russia and Taiwan look attractive Bloomberg [SINGAPORE] Emerging market stocks would benefit from the cash injection created by a third round of US asset purchases, with China, Russia and Taiwan looking “attractive”, Templeton Asset Management’s Mark Mobius said.
      Bloomberg  -  563 words
    • 456 19 ABB buys Thomas Betts for US$3.9b Bloomberg [BERLIN] ABB Ltd, the world’s largest maker of power distribution equipment, agreed to buy Thomas Betts Corp for US$3.9 billion to expand its North American distribution network and add low-voltage equipment. ABB offered US$72 for each share of Memphis, Tennessee-based Thomas Betts, the
      Bloomberg  -  456 words
    • 337 19 Bloomberg [PARIS] Carrefour SA appointed Vivarte SA chief executive officer Georges Plassat as CEO, ending Lars Olofsson’s three-year reign that saw shares of the world’s second-largest retailer fall 24 per cent. The board of Boul-ogne-Billancourt, France-based Carrefour approved Mr Plassat’s appointment at a
      Bloomberg; REUTERS  -  337 words
    • 746 19 But most say it’s still too early to make concrete moves Reuters [BANGKOK] Travellers hoping to catch a glimpse of the glittering Shwedagon Pagoda or hear the“tinkly tem-ple-bells” of Kipling’s Road to Mandalay might one day be able to book into a Westin or
      Reuters; REUTERS  -  746 words
    • 554 20  -  Other concerns are credit and liquidity risks, capital availability By CONRAD TAN [SINGAPORE] The fragile state of the world economy is the biggest threat faced by the banking industry this year, even more than the risk of political interference or regulatory uncertainty,
      554 words
    • 68 20 [L UDWIGSHAFEN, Germany] Installation artwork ‘Ohne Titel V’ by German artist Alice Musiol shown at the ‘I love Aldi’ exhibition at the Wilhelm Hack Museum here. The exhibition, which runs until March 4, presents 40 works by various artists, each presenting a different position with regard
      AFP  -  68 words
    • 420 20 Purchases are little changed after rising 0.1% in Nov LATEST US DATA Bloomberg [WASHINGTON] Consumer spending stalled in December as Americans used a jump in incomes to restore depleted savings, indicating the biggest part of the economy will not be a driver
      Bloomberg  -  420 words
    • 486 20 Bloomberg [PARIS] French President Nicolas Sarkozy announced increased sales taxes and levies on financial incomes to fund a 13 billion-euro (S$21.45 billion) cut in payroll charges in the opening volley of a re-election bid that requires him to erase a
      Bloomberg  -  486 words
    • 321 20 Reuters [LONDON] Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty yesterday to charges related to the loss of more than US$2 billion on trades the bank says were unauthorised. The trial, which is likely to
      Reuters  -  321 words
    • 476 20 Bloomberg [MADRID] Spain’s economy shrank in the fourth quarter, pushing the country toward its second recession since 2009 and undermining government efforts to narrow the budget deficit. Gross domestic product fell 0.3 per cent in the last three months of 2011 and rose
      Bloomberg  -  476 words
    • 598 20 Bloomberg [LISBON] The Greek debt swap negotiations that may produce relief for Athens are fuelling concerns in Lisbon where an agreement would make it more likely Portuguese investors would be next in line to accept a loss. European leaders have said a Greek
      Bloomberg  -  598 words
  • Page 18 Advertisements
    • 24 18 Zhejiang which boasts China's most vibrant private sector to take another leap forward another leap forward To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      24 words

  • Page 19 Advertisements
    • 351 19 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BRIGHTPOINT INTERNATIONAL (ASIA PACIFIC) PTE LTD (Company Registration No. *****5179H) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final
      351 words


  • AVIATION
    • 636 21 US$4.5m HondaJet in final stages of getting certified, first delivery in 2013 Reuters [TOKYO] Honda Motor Co expects to grab at least a quarter of the world market for small business jets soon after delivering its first aircraft next year, achieving the
      Reuters  -  636 words
    • 549 21 Reuters [DUBLIN] Ryanair raised its profit forecast yesterday, saying that higher ticket prices were more than making up for expensive fuel and reduced capacity, underlining the resilience of its low-cost sector as legacy carriers struggle. The Irish low-cost carrier, Europe’s largest, beat analyst forecasts
      Reuters; BLOOMBERG  -  549 words
    • 534 21 Bloomberg [ATLANTA] Delta Air Lines Inc is studying a bid for US Airways Group Inc as North American carriers assess possible combinations after the bankruptcy of American Airlines parent AMR Corp, people familiar with the matter said. A potential tie-up with US
      Bloomberg  -  534 words
    • 425 21 Reuters [LONDON] EasyJet shareholders could be forced to choose between the airline’s board and its disgruntled founder Stelios HajiIoannou at its annual general meeting (AGM) next month, bringing long-run-ning tension between them to a head. Mr Haji-Ioannou, who controls around 38 per cent of
      Reuters; FILE PHOTO  -  425 words
    • 428 21 Bloomberg [HO CHI MINH CITY] VietJet Aviation Joint-Stock Co, the budget carrier that began flights in Vietnam last month, may double its fleet to six planes by the end of the year as it lures passengers from bus trips taking as long as 40
      Bloomberg  -  428 words
  • Page 21 Miscellaneous
    • 367 21 CRYPTIC CROSSWORD Across 1 Verbal infelicity represented in time with huge note? (4,2,3,6) 9 Play featuring in old books and magazine (7) 10 Put in position a note after this month (7) 11 Neighbour when retired becoming music maker (4) 12 Dramatist engaged in fib senselessly (5) 13 Small element
      367 words

  • Page 22 Advertisements
    • 1233 22 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 JIMBLOOM~ Sharjah/Abu
      1,233 words
    • 571 22 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAIKO FF205 11/01 15/01 18/01 20/01 29/01 04/02
      571 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • SHIPPING
      • 394 23 This is to create a builder to compete with South Korean and Chinese rivals Bloomberg [TOKYO] JFE Holdings Inc, Japan’s second-largest steelmaker, and IHI Corp have agreed to merge their shipbuilding units to create a builder to compete with South Korean and
        Bloomberg; REUTERS  -  394 words
      • 314 23 [ROME] The wreck of Italian cruise liner Costa Concordia will be moved from Giglio Island by the end of the year, the top rescue official said on Sunday. The ship’s owner Costa Crociere is readying a call for tenders,
        AP  -  314 words
      • 568 23 AFP [NANTES, France] Blind them with light, drench them with water cannons or deafen them with sound blasts: these are some of the on-board anti-pirate features that figure in a project being developed in France. The project was presented last Thursday and
        AFP  -  568 words
      • 218 23 Xinhua [JAKARTA] Indonesia plans to modernise the ageing equipment of its coast guard and boost the skills of its human resources to enhance the safety and security of shipping lines, Indonesian Transport Minister EE Mangindaan said here yesterday. The move is in line with
        Xinhua  -  218 words
      • 257 23 SGX '000 Jan 30 S$ +/-Vol CH Offshore 0.38 unch 176 Chuan Hup Hldg 0.21 -0.01 135 Cosco Corp 1.14 -0.04 ***** s$ First Ship Lea 0.20 -0.01 9626 Freight Links 0.06 unch 921 Grand Banks 0.17 unch 2 Jaya Hold Ltd 0.58 -0.01 719 K1Ventures 0.10 unch
        257 words
  • Page 23 Advertisements
    • 355 23 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 MARISOL~ HDM 0116S disch-only 02.02.12 10 Feb~
      355 words
    • 174 23 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) (07/01) 12/01 26/01 30/01 09/02 15/03 21/03 27/03 26/03 01/04 31/03 Rickmers Hamburg 317 21/01 27/01 03/02 14/02 19/02 28/02 24/03 27/03 01/04 04/04
      174 words
    • 18 23 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. the Business Times Shipping Times
      18 words

  • EDITORIAL & OPINION
    • 494 24 EDITORIAL IN the last 10 months since its new civilian government came to power, Myanmar has impressed the world with its remarkable efforts to re-engage the international community after five decades under military rule. The regime in Myanmar has freed scores of high-pro-file political
      494 words
    • 954 24  -  Budget 2012 should encourage innovation and productivity, defray business revamp costs By TAY HONG BENG CHIU WU HONG Tay Hong Beng is head of tax and Chiu Wu Hong is a tax partner in KPMG in Singapore THE global economic outlook remains uncertain. In the
      FILE PHOTO  -  954 words
    • 825 24  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. E-mail: david.mason466@btinternet.com THERE is a huge
      825 words
    • 1515 25  -  This time round, it’s bipartisan, with both the Democrats and Republicans standing up to China LEON HADAR ashington Correspondent WE TAKE it for granted that the current political discourse in the US is dominated by the struggle for power between the Democrats and the Republicans, and
      AP  -  1,515 words
    • 825 25  -  PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 LAST week, the National Institute of Economic and Social Research, a British think tank, released a startling chart comparing
      REUTERS; NYT  -  825 words


  • SINGAPORE STOCKS
    • 1285 26 Transaction date: Jan 30 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 112.5 92.5 AIMSAMPIReit 100.5cd unch 274 101 100.5 100.5 101 2 10.2 446.1 Net M
      1,285 words
    • 224 27 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 1 0.2 t Advanced System 0.3 unch 2 0.4 0.3 0.3 0.4 10 5 Vol ('000) Day High Last Quote Low
      224 words
    • 7215 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.95/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.003/ EM Local Ccy
      7,215 words
    • 237 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US34.5 unch ***** 35 34 34.5 35 2271.7 15 10 OGL Resources A$ A10 5.1 10 1.5 205 168 TanChongInt HK191
      237 words
    • 897 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1025 1011 1022 41 ***** ***** DBXT AUD Bonds 5AU$ A***** +167 17 ***** ***** ***** ***** 45.7 ***** ***** DBXT AUDCS
      897 words


  • FINANCE & COMMODITIES
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 27 Index Change Change Change Change Change Change World Preliminary 868.0 -0.5 4.6 -0.7 1.7 -0.5 5.2 EAFE Preliminary 713.7 -0.7 4.6 -0.9 2.3 -0.7 5.9 Europe Preliminary 1068.9 -1.0 4.1
      373 words
    • 77 28 CRUDE OIL PRODUCTS Jan 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.52 0.88 WTI (Near Mth) 99.66 -0.14 Dubai (1-Mth F) 109.47 0.37 Tapis blend 117.37 0.78 Minas 116.17 0.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.50 0.67 Jet Kerosene 125.60 -0.15 US$/barrel Opec Oil
      77 words
    • 95 28 i AlfV WrtUnwrmt) *3 Pitfttiliti moOUS MfMi iciuiffjflr QlWltM.1 ItUffiM HtX ifun iLW l/»3* aim IfMft WLt«i fetal iny WflRSNCV AuiMiiuwn MAUfttU' iQI M»5 um-«jur.» i vu IJ..* IJ^r i ic* ■ten mf> rrvnn MAH mi < *7* «p Onit BAStWtIAl 03f»llMUt ait »V» Of 1M tuouty
      95 words
    • 107 28 Jan 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1219.00 1222.75 1225.75 1215.00 May 12 1228.50 1232.00 1235.00 1224.75 Jul 12 1238.25 1241.75 1244.00 1234.50 Aug 12 1236.25 1239.50 1238.75 1233.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 51.59
      107 words
    • 81 28 Jan 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 03-May-12 0.33 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.9 99.93 99.9 5-Year N*****0W 1.125 01-Apr-16 102.61 BQ*****E 03-May-12
      81 words
    • 454 28 Jan 30 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5100 0 1250 Jun12 99.5050 0 849 Sep12 99.4900 0 680 Dec12 99.4700 0 678 EUROYEN TIBOR FUTURES Mar12 99.6650 0 1841 Jun12 99.6650 0 1440 Sep12 99.6625 0 711 Dec12 99.6600 0 115 Mar13 99.6550
      454 words
    • 167 28 Jan 30 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 400.0 395.0 395.0 5 175 Mar 12 395.0 395.0 395.3 20 316 Apr 12 400.0 400.0 400.0 119 May 12 402.0 250 Jun 12 402.8 400.3 402.9
      167 words
    • 65 28 Jan 27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2233.00 2244.75 3 months 2266.00 2277.00 Copper, Grade A(US$/tonne) Cash 8511.25 8577.00 3 months 8525.00 8590.00 Lead(US$/tonne) Cash 2270.75 2300.25 3 months 2295.00 2325.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • 80 28 Jan 27 COCOA (£/tonne) Close Prev High/Low Mar 12 1563 1591 1607/1543 May 12 1575 1599 1612/1555 Jul 12 1587 1614 1627/1572 Sep 12 1599 1625 1635/1585 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1860 1862 1852/1852 Mar 12 1865 1872 1882/1853 May 12 1892 1899 1910/1882 Jul 12 1919
      80 words
    • 538 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 28 (’000) Conv Ratio Baker Technology Ltd W*****6 4 0.2 103 1 32 26 7.12 10 Price Prem Disc Gearing Expiry Mths Left
      538 words
    • 470 28 Jan 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.062 6.681 0.803 8.194 52.279 95.022 0.810 11.918 3.225 1.289 95.386 45.510 1.329 8.273 0.968 31.411 32.878 0.674 1.056 Canada 0.942 6.292
      470 words
    • 65 28 Jan 30 ID44I I mth 1177.03 n^irw J rnUn o turn 3 iiKiii y.;«in (IjJTjf (mil* IT 7BVV5 D*V47Sl sirrl 1 n 1 n«mr filing ««ultr P-TAttft SWAP OHtf ralci P ,-^TjU j rrnh* njfi*'. 3 milti n mow 0 nrn^s Tinmr O.^li •5WW MWral« V*r l$?*4 V 0
      65 words
    • 137 28 Jan 30 GOLD(US$/oz) Jan 27 Jan 30 Hong Kong 1724.30 1733.50 Jan 30 Jan 26 Jan 27 London 1724.49 1731.11 1726.21 1731.88 Source: Thomson Reuters CAST BAR Jan 30 (S$) Selling Buying Kilobar "75,089.39" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 168 70 5gm 478 350 10gm
      137 words
    • 57 28 Jan 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3129.0 3090.0 3136.0 3080.0 511 1160 Mar 12 3119.0 3085.0 3131.0 3085.0 3767 ***** Apr 12 3120.0 3082.0 3126.0 3079.0 ***** ***** May 12 3114.0 3075.0
      57 words
    • 24 28 Jan 30 Open High Sett STI Jan 2888.0 SIMSCI Jan 334.3 335 330.9 Taiwan Jan 266.7 269.4 266.9 Source: SGX Derivatives
      24 words
    • 154 28 Jan 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3284 1.3292 1.0559 1.0564 Canadian dollar 1.2511 1.2517 0.9944 0.9948 Euro 1.6550 1.6558 1.3155 1.3160 NZ dollar 1.0301 1.0310 0.8188 0.8194 Sterling pound 1.9721 1.9726 1.5675 1.5678
      154 words
    • 22 28 Jan 30 S$ Bid Offer 1-month 1.2581 1.2582 2-months 1.2580 1.2581 3-months 1.2576 1.2578 6-months 1.2558 1.2561 Source: OCBC
      22 words
    • 121 28 As at 9am Jan 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.361 1.297 Can dollar 1.274 1.225 Euro 1.685 1.621 Sterling pound 2.008 1.931 NZ dollar 1.06 1.01 US dollar 1.272 1.224 Local dollars to 100 units of foreign
      121 words
    • 154 28 Jan 30 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.60 0.40 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.15 0.95 12
      154 words

  • PROPERTY
    • 727 29 Academic holds design contest to generate new ideas to transform malls AFP [OTTAWA] Strip malls once anchors of postwar North American suburban neighbourhoods are doomed, with thousands across Canada and the US already derelict and eyed by land developers. But at least
      AFP  -  727 words
    • 882 29 NYT [NEW YORK] Living in New York’s Soho neighbourhood for decades has taught Sean Sweeney how to urge people to hurry up in several languages, though not without his blood pressure shooting up. “Rapido! Vite! Mach schnell!” he hisses as visiting crowds of
      NYT; BLOOMBERG  -  882 words
    • 322 29 Bloomberg [BELFAST] UK house prices were unchanged in January, according to property researcher Hometrack Ltd, which said that “downward pressure” on prices will continue amid a squeeze on consumers. From a year earlier, values fell 1.6 per cent in January, the London-based firm
      Bloomberg  -  322 words
    • 194 29 Reuters [LONDON] More than 120,000 unwanted hotel room nights, ranging from five star luxury to budget accommodation, were released by London Olympic organisers on Sunday for resale to the public. Organisers LOCOG said that they were fulfilling a pledge to return to
      Reuters  -  194 words
    • 347 30  -  By EDWIN LOH [SINGAPORE] Singa-pore-based DP Architects has been appointed as the master planner for Seef Lusail, a prime commercial waterfront district in Lusail City, Qatar. The award winning mul-ti-disciplinary design consultancy will be responsible for designing the 600,000 sq m waterfront promenade
      347 words
    • 451 30  -  It will finetune regulations and promote consumer education By MICHELLE TAN [SINGAPORE] Not resting on its laurels, the Council for Estate Agencies (CEA) will continue to take further steps to raise industry standards and protect consumers, Minister for National Development Khaw Boon Wan posted in
      451 words
    • 203 30 Reuters [BEIJING] Chinese banks extended a total of 1.26 trillion yuan (S$251.84 billion) in new loans to property developers and home buyers last year, down 38 per cent from 2010, the central bank said yesterday. Beijing has taken an array of measures to rein
      Reuters  -  203 words
  • Page 29 Advertisements
    • 193 29 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Specialist Mortgage llll (In Singapore
      193 words
    • 139 29 ASIA GARDENS D2 FREEHOLD REDEVELOPMENT SITE T SGH JLN BT MERAH RD Conservation Shophouses Outram I Pk MRT E Spottiswoode Residences 1 Dragon Mansion EVERTON PK Q cc People’s Pk Complex The Pinnacle SUBJECT SITE Spottiswoode o 18 cn RAEBURN PK Former Tanjoing Pagar KTM Site Area: 6,694.5 sq m
      139 words

  • Page 30 Advertisements
    • 54 30 AWARDED NUMBER IN SINGAPORE FOR CFD CUSTOMER SATISFACTION IG MARKETS CFD trading can result in losses that exceed your initial deposit. Highest overall ratings in the CFD industry for customer satisfaction. Source: Investment Trends Singapore CFD FX Report 2010 2011. IG Markets (ACRA No. *****621X) is licensed by the MAS
      54 words
    • 31 30 v/-> r*j J FINDTHE ONES i > J THAT FIT! x Recruit the right people through CATS Recruit. p~‘ j Call 1800 289 8822 or email recruit@sph.com.sg to advertise. r~> Si .J
      31 words