The Business Times, 31 May 2012
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2012-05-31
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The Business Times
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Title Section25 2012-05-31 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, May 31, 201225 words
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Article, Illustration794 2012-05-31 1 TEH SHI NING - It drops out of Top 3 as costs climb; restructuring still seen as its best chance of bouncing back By TEH SHI NING [SINGAPORE] Amid rising costs in part due to ongoing economic restructuring Singapore has slipped one rung to an unfamiliar fourth place on794 words
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953 2012-05-31 1 FELDA CHAY - Award organiser withdraws claim that it had a ministry’s backing By FELDA CHAY [SINGAPORE] There are fresh ripples in the glitzy world of tuxedos and trophies. An award to recognise small- and mediumsized enterprises (SMEs) came with the declaration that953 words
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MARKETS DIGEST
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Article110 2012-05-31 1 HST INDEX 2783.95 17.90) HST INDEX FUTURES 2784 18) HSIMSCI 318.40 1.65) HSIMSCI FUTURES 318.20 1.80) us$ s$ US$ (S$ per US$) 1.280 (US$/S$ per 1.558 1.995 EURO (US$/S$/E) 1.246 1.595 Foreign currency per US$ S$ YEN 79.30 62.00 RM 3.161 2.469 HK$ 7.763 6.063 BAHT 31.86 24.88 RUPIAH110 words
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Article17 2012-05-31 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.433 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement102 2012-05-31 1 FOREX Euro hits new floors against US$, S$ PAGE 2 BizIT Mobile effect cascading from users to firms, telcos PAGE 28 NEWS ANALYSIS Which giant legal eagles will land in Singapore? PAGE 4 PROPERTY The House of TanYeokNee being sold PAGE 30 mm is “1839, Creation of the Pantograph”. liiiPiPSP102 words
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TOP STORIES
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599 2012-05-31 2 SAMUEL EE - Tweaks by LTA to yield 656 more COEs a month from August to January 2013 By SAMUEL EE [SINGAPORE] Singapore’s car population will be allowed to grow slightly faster than was earlier planned. Two steps announced yesterday will suck out fewer COEs from599 words
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Article, Illustration452 2012-05-31 2 EMILYN YAP - By EMILYN YAP [SINGAPORE] The euro slumped to new lows against the US dollar and the Singapore dollar yesterday as flames from the eurozone crisis licked Spain’s banking sector and burnt economic confidence in Europe. The common currency might just slide further, withSource: Bloomberg - 452 words
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483 2012-05-31 2 JOYCE HOOI - Penalty arose from 3G mobile service outage last Sept By JOYCE HOOI [SINGAPORE] SingTel has been dealt a record-break-ing $400,000 fine by the Infocomm Development Authority of Singapore (IDA) over a 3G mobile service outage that lasted more than 20 hours in September483 words
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514 2012-05-31 2 ANTHONY ROWLEY - Reports cite illegal trades involving foreign hedge funds By ANTHONY ROWLEY in Tokyo FOR a market where it used to be joked that the only share trading is “insider trading”, Tokyo appears to be cracking down hard on both foreign and514 words
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Article547 2012-05-31 2 Singapore slips on competitiveness slope AMID rising costs in part due to ongoing economic restructuring Singapore has slipped one rung to an unfamiliar fourth place on the latest global competitiveness rankings compiled by Swiss business school IMD. While Hong Kong retained pole position, Singapore fell out of the547 words
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683 2012-05-31 4 JOYCE HOOI - It’s also No 1 in efficiency of customs clearance, timeliness of shipments being delivered By JOYCE HOOI [SINGAPORE] Singapore claimed pole position in both the World Bank’s Logistics Performance Index (LPI) and the World Economic Forum’s Enabling Trade Index (ETI). With a total score683 words
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969 2012-05-31 4 MICHELLE QUAH - NEWS ANALYSIS By MICHELLE QUAH [SINGAPORE] Singapore’s latest move to open up its legal market further to foreign competition has the local scene abuzz with speculation as to which international law firms would be applying for the fresh Qualifying Foreign Law Practice969 words
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577 2012-05-31 4 PAULINE NG - They have to buy higher value real estate By PAULINE NG in Kuala Lumpur FOREIGNERS buying property in Penang will have to cough up substantially more when new guidelines kick in, come July. In a move to ease its runaway property prices, the577 words
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Article436 2012-05-31 4 Investors unnerved by its long-term business prospects Reuters [SAN FRANCISCO] Facebook Inc shares slid below US$29 to a new low on Tuesday as nervous investors fled the company’s shares, concerned about the social network’s longterm business prospects and an initial offering price (IPO) that proved tooReuters - 436 words
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Advertisement218 2012-05-31 2 About Oceania Cruises Oceania Cruises® offers unrivaled cuisine, luxurious accommodations, exceptional personalized service and extraordinary value. Award-winning itineraries visit more than 330 ports in Europe, Australia, New Zealand, Asia, and the Americas aboard two pairs of mid-size sister ships: the 684-guest Regatta and Nautica, and 1,250-guest Marina and Riviera. it218 words
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Advertisement195 2012-05-31 3 www.vw.com.sg JA iSmf m r. m' Passat m 0\ Ik K ■r ngj 1$ The Passat. How an executive sedan should be. This beautifully designed, German-engineered sedan has all the features you’d expect from a car of its class, and a few you might not, such as: 0” 1.8 LTSI195 words
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Advertisement462 2012-05-31 4 a* BEATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m r or mi m iiki CHINA XLX FERTILISER LTD. 4 1 WT (A limited liability company incorporated in the Republic of Singapore) (Company Registration No. *****0384G) Singapore Stock Code: BOR.SI Hong Kong Stock Code: ***** NOTICE OF EXTRAORDINARY GENERAL MEETING462 words
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Advertisement335 2012-05-31 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINDEW INVESTMENT PTE LTD (Co. Reg. No.: *****7449Z) (In Member’s Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 25 May 2012 the following resolutions were duly passed. Special resolution 1. That335 words
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Advertisement281 2012-05-31 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF UCHIDA YOKO SINGAPORE PTE. LTD. (IN MEMBERS’VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed Company held at the registered office of the company on 31st May 2012 at 10.00 a.m., the281 words
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Advertisement149 2012-05-31 4 IN THE MATTER OF PK ELECTRONICS (S) PTE LTD (In Creditors’ Voluntary Liquidation) Company Registration No. (DEN) *****0899R NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act, Cap 50 that a Meeting of Creditors of the abovenamed Company will be held at 27 Cantonment Road, Singapore *****5149 words
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Advertisement567 2012-05-31 5 5, ft am R r wm GET MILES AHEAD ON THE HIGHEST EARN RATE WITH NO MINIMUM SPEND PLATINUM rtrUOB P R V I MILES 0726 31b3 11b888 8888:8 I Member Since 05/11 JAMES LEE i The UOB PRVI Miles Platinum American Express® Card 2,5 miles 1.6 miles for every567 words
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COMPANY NEWS
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444 2012-05-31 6 LYNETTE KHOO - Their executives less satisfied than their global peers with organisations’ performance By LYNETTE KHOO FINANCE executives in South-east Asia are less satisfied with the performance of their organisations than their global peers, according to findings in Accenture’s latest “High Performance Finance Study”. The444 words
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Article, Illustration506 2012-05-31 6 NISHA RAMCHANDANI - $78.56m profit in Q4 as disposal reaps $98.7m gain By NISHA RAMCHANDANI PROPERTY and investment company Metro Holdings posted a net profit of $78.56 million for the fourth quarter ended March 31, compared with $14.56 million in the previous corresponding quarter, as results were lifted byFILE PHOTO - 506 words
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378 2012-05-31 6 MICHELLE TAN - By MICHELLE TAN CATALIST-listed SingXpress Land’s earnings fell into negative territory with a $338,000 net loss for the full year ended 31 March 2012, against a net profit of $1.7 million for the preceding 15 months. The comparative period was 15 months as378 words
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Article, Illustration335 2012-05-31 6 JASMINE NG - By JASMINE NG PARKSON Retail Asia (PRA) has signed a lease agreement to open its first Parkson branded store in Jakarta, Indonesia in September next year. Targeted at the up-per-middle to upper income segment of the market, the new Parkson335 words
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321 2012-05-31 6 Black Decker said to be eyeing Infastech Reuters [HONG KONG] Stanley Black Decker Inc is among potential bidders for private equity-owned Infastech, a Singapore-based industrial fastener maker with revenues of more than US$500 million, sources with direct knowledge of the matter said. CVC Capital Partners and Standard Chartered’s private equityReuters - 321 words
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763 2012-05-31 7 R SIVANITHY - CAC and Neftech possible turnaround in the making HOCK LOCK SIEW By R SIVANITHY SINGAPORE-LISTED China stocks, or S-chips as they are popularly known, have been battered over the past couple of years and now suffer from poor liquidity and virtually no interest. This is arguably understandable given the various763 words
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350 2012-05-31 7 Reuters [SEOUL] THE Government of Singapore Investment Corp (GIC) and Canada’s Ontario Teachers Pension Plan are among final bidders to buy stakes in South Korea’s unlisted Kyobo Life Insurance in deals worth up to US$1.4 billion. Daewoo International Corp andReuters - 350 words
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COMPANY BRIEFS
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175 2012-05-31 7 YEO Hiap Seng Ltd, through wholly owned subsidiary Yeo Hiap Seng (Singapore) Pte Ltd, intends to take Bursa-listed Yeo Hiap Seng (Malaysia) Bhd private. YHS (Singapore) owns a 61.1 per cent stake in YHS (Malaysia). The exercise will be by way of a175 words
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Article40 2012-05-31 7 BANYAN Tree Holdings has issued $50 million 6.25 per cent fixed rate notes under its $400 million multicurrency medium term note programme. HSBC has been appointed as sole lead manager and bookrunner of the offering.40 words
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39 2012-05-31 7 GUANGZHAO Industrial Forest Biotechnology has inked a non-binding letter of intent (LOI) with certain proposed investors regarding a proposed restructuring of the company. The judicial manager and the investors are discussing the proposed restructuring.39 words
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68 2012-05-31 7 OLD Chang Kee posted a net profit of $4.51 million, on revenue of $76.49 million, for the 15 months ended March 31, 2012. The group had in August last year announced the change of its financial year end. A one cent per share68 words
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Article39 2012-05-31 7 TRADING in Adampak has been suspended on the close of the voluntary conditional cash offer by private equity firm Navis Capital Partners. The Singapore Exchange has said that it has no objection to Adampak’s proposed delisting.39 words
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Article88 2012-05-31 7 REUTERS SINGAPORE-BASED Novatera Capital, which managed about US$90 million in a long/short hedge fund betting on small-cap stocks in Asia, has returned capital to investors, the founder said. Robert Lewis, a former JPMorgan executive, said he finished returning all the money about two weeks ago. The long-biasedREUTERS - 88 words
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Article, Illustration843 2012-05-31 9 Reuters [YANGON] As Myanmar opens up after five decades of military rule, a country run on cash is finding a new alternative: plastic. Private banks in Myanmar have begun rolling out automated teller machines (ATMs) in recent weeks, revolutionary in aReuters; REUTERS - 843 words
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526 2012-05-31 9 CAI HAOXIANG - But confidence among Asia-Pacific investors improves slightly By CAI HAOXIANG INSTITUTIONAL investors worldwide continued to have low confidence in equities this month. However, Asia-Pacific investors are showing an improved appetite for the stock market, according to the latest State Street Investor Confidence Index.526 words
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Advertisement1233 2012-05-31 6 >®' WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Head Office: No 7, Song Ren Road, Taipei, Taiwan (R.O.C) Singapore Branch: 6 Raffles Quay, #20-06, Singapore *****0 Tel: (65) 6593 9280, Fax: (65) 6324 1959, Co. Reg. No.: T08FC7284E BALANCE SHEET AS AT DECEMBER 31, 2011 AND 2010 Unit: NT$1,0001,233 words
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Page 7 Advertisements
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Advertisement76 2012-05-31 7 ULTIMATE DISCRETION ■L'l^i^y. rv-s PIAGET ALTIPLANO The world’s thinnest automatic watch White gold case, 5.25 mm thick The world's thinnest automatic movement Piaget Manufacture Calibre, 2.35 mm thick PiageT www.piaget-altiplano.com 7 s 'O-" PIAGET Boutiques: 01-11 Takashimaya Shopping Centre, Ngee Ann City, 391 Orchard Road. Tel: +65 6732 6831 Bl-3576 words
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SINGAPORE MARKETS
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Article, Illustration599 2012-05-31 8 R SIVANITHY - Fall follows reports that China is not seeking a new stimulus package STOCKS R SIVANITHY Senior Correspondent WALL Street may have risen sharply on Tuesday but there was no spillover here yesterday. The Straits Times Index finished 17.9 points down at 2,783.95 inSource: Bloomberg - 599 words
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Article186 2012-05-31 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 3 0 0 0 2 8 3 Manufacturing 36 61 30 9 6 7 45 67 37 Commerce 10 23 15 1 5 2 11 28 17 Tpt/Stor/Comms 11 24 5186 words
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Article119 2012-05-31 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,855 9,855 48,778 48,778 Manufacturing 215,310 43,517 258,827 141,990 2,510 144,500 Commerce 358,672 5,802 364,474 159,902 314 160,217 Tpt/Stor/Comms 71,814 9,767 81,581 140,058 2,657 142,715 Finance 17,059 17,059 155,367 155,367 Construction 65,240 9,488 74,728 9,664119 words
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Article113 2012-05-31 8 Stock name Close Change CapMallsAsia 1.375 -0.045 CapitaLand 2.500 CapitaMall 1.765 -0.005 CityDev 9.970 -0.180 ComfortDelGro 1.465 +0.005 DBS Grp 13.260 -0.080 F&N 6.590 -0.150 GLP 2.120 -0.010 Genting SP 1.500 -0.025 Golden Agri 0.660 +0.005 HK Land 5.730 -0.090 JMH 49.300 -0.230 JSH 31.110 -0.590113 words
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Article66 2012-05-31 8 May 30 VALUE CLOSE BT OB/OS -169.00 +151.0 BT CADI -*****.00 -147.0 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 647.90 -2.69 FTSE ST Small Cap 421.99 -3.91 FTSE ST All Share 673.92 -4.18 FTSE ST China Top 194.27 -1.76 FTSE ST China 221.90 -1.98 FTSE66 words
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Article56 2012-05-31 8 VOLUME GSH Corp 210,315,000 Noble Grp 66,800,000 Golden Agri 35,985,000 TT Intl 30,116,000 ChinaTaisan 29,237,000 Yangzijiang 27,406,000 SingTel 26,031,000 Genting SP 22,908,000 JEP 22,432,000 Olam 20,192,000 VALUE($) SingTel 79,680,850 Noble Grp 75,352,220 DBS Grp 54,093,450 OCBC Bk 51,391,518 UOB 39,718,642 Genting SP 34,699,394 Olam 33,960,565 CapitaLand 32,134,34056 words
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Article, Illustration869 2012-05-31 8 JOYCE HOOI - Compiled by JOYCE HOOI Olam International May 30 close: $1.675 DMG Partners Research, May 30 WE view Olam’s acquisition of sugar milling asset in Brazil positively. Whilst the sugar mill was loss-mak-ing last year, Olam is confident of its 71 per cent capacity expansion providing economies of scale,Source: Bloomberg - 869 words
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Article, Illustration603 2012-05-31 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies weakened after Spain backtracked on a plan to save its third-biggest bank, fuelling concern that Europe’s debt crisis will worsen and damping demand for emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index was poised for its worst monthly lossBloomberg; REUTERS - 603 words
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Article113 2012-05-31 8 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 156.0 0.6 DBXT AUD Bonds 5AU$ ***** 86.4 0.4 DBXT SPASX200 10US$ 3031 58.9 1.5 DBXT MSUSA 10US$ 3219 38.4 0.9 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 DBXT FTChina25 10US$ 2476 17.9 0.6 UOB.ES.1205 1760 15.0 0.9 DBXT MSAsExJp 10US$113 words
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Article127 2012-05-31 8 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ ***** -704.1 -2.7 GLD 10US$ ***** -312.4 -1.6 DBXT E50 10US$ 3116 -105.0 -2.6 Asia Pac Brew 3380 -78.0 -2.3 JSH 3111 -75.5 -1.9 DBXT MSKorea 10US$ 5169 -57.6 -0.9 DBS Bk 4.7% NCPS 100 ***** -56.0 -0.5 Jardine C&C 4249 -49.0127 words
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Advertisement49 2012-05-31 9 IG MARKETS Our sentiment indicators show you the percentage of IG clients buying or selling each market j DISCOVER OUR INSIGHT PLATFORM IGMARKETS.COM.SG/INSIGHT J CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by the MAS and International Enterprise Singapore49 words
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SINGAPORE NEWS
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378 2012-05-31 10 MINDY TAN - First-time buyers to enjoy priority, with 85-95% of flats set aside for them By MINDY TAN SIX Build-To-Order (BTO) projects, which will offer some 4,627 new flats were launched by the Housing and Development Board (HDB) yesterday. The units, which range from studio378 words
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Article, Illustration550 2012-05-31 10 LEE U-WEN - Pericles Lewis is a top British/European literature scholar By LEE U-WEN A LEADING British and European literature scholar has been named as the inaugural president of Singapore’s first liberal arts college. Pericles Lewis, a Yale University professor of English and comparative literature, will be550 words
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SINGAPORE ROUNDUP
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100 2012-05-31 10 THE Ministry of Foreign Affairs (MFA) said yesterday A Selverajah has been appointed Singapore’s next ambassador to Denmark. Mr Selverajah has been in Singapore’s Foreign Service for 33 years since July 1979. He previously served the MFA under many roles, including director of Policy, Planning100 words
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88 2012-05-31 10 THE Singapore Business Federation (SBF) announced today that it has signed a memorandum of understanding (MOU) with the Sri Lanka Singapore Business Council of the Ceylon Chamber of Commerce (SLSBC). The MOU would pave the way for development of closer trade and88 words
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433 2012-05-31 10 CONRAD TAN - OCBC says they cover all age groups By CONRAD TAN MORE entrepreneurs are trying their hand at starting a business in Singapore, and those that succeed tend to do so more quickly than in the past, according to Tan Chor Sen, head of433 words
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Article, Illustration403 2012-05-31 10 NISHA RAMCHANDANI - By NISHA RAMCHANDANI OVER 50 per cent of the general tickets for the 2012 Singapore Grand Prix have been sold, while take-up of corporate hospitality has been “strong”, according to race promoter Singapore GP (SGP). “Ticket sales have been brisk, thanks largely to aAFP - 403 words
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Article, Illustration701 2012-05-31 10 MALMINDERJIT SINGH - By MALMINDERJIT SINGH ONE of the pillars of Singapore’s economic resilience has been its ability to constantly reinvent itself and the Singapore International Chamber of Commerce (SICC) has adapted its role to suit and contribute to the nation’s evolving economy. Yesterday, President701 words
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Advertisement89 2012-05-31 10 SAVERS 2- WEEKEND MALACCA CRUISE Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call; Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 Ports-of-call; Singapore, Kuala Lumpur (Port Klang), Phuket 5-89 words
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ECONOMY WATCH
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436 2012-05-31 11 It will work towards rules for moneymarket funds, other shadow banks Bloomberg [HONG KONG] Global regulators have agreed on draft rules for identifying insurance companies that should face tougher regulation because their failure would roil global markets. The Financial Stability Board (FSB) endorsed aBloomberg - 436 words
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512 2012-05-31 11 2011 also sees trade of highest number of emissions products Renters [COLOGNE] Carbon market trading reached a record value of US$176 billion in 2011, rising 11 per cent spurred by secondary trading volumes which offset lower prices and slowing economies, the World Bank saidRenters - 512 words
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Article, Illustration460 2012-05-31 11 Bloomberg [SYDNEY] Australian retail sales unexpectedly fell for the first time in 10 months, sending the nation’s currency, stocks and bond yields lower as bets increased on the central bank’s fourth in-terest-rate cut since November. Sales dropped 0.2 perBloomberg; AFP - 460 words
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Page 11 Advertisements
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Advertisement70 2012-05-31 11 Cloud and Components in The Wall Street Journal. What in the world is going on? From innovations in technology and communications to vital insights and analysis on business and finance, The Wall Street Journal provides the breaking news and intelligence you need to navigate your business and your life. Any70 words
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MALAYSIA/INDONESIA
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616 2012-05-31 12 Concern grows as nationalist policies hinder investment Reuters [JAKARTA] Growing signs of nationalist policies in Indonesia ahead of major elections due in two years are spooking foreign investors already nervous about emerging markets. The sprawling, re- source-rich archipelago has been one of the hottest investmentReuters - 616 words
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527 2012-05-31 12 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur A FORMER secretary-gener-al of the Malaysian Chinese Association (MCA) is alleged to have taken more than A$20 million (RM62 million or S$25.4 million) from an Australian listed firm to repay a personal debt, the Sydney527 words
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161 2012-05-31 12 AFP [JAKARTA] Indonesian President Susilo Bambang Yudhoyono said that Europe’s economic woes could hit South-east Asia and warned the region against copying the integrated eurozone model, in comments published yesterday. Mr Yudhoyono told the Wall Street Journal that the slowdown in China’s economic growth,AFP - 161 words
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Advertisement1937 2012-05-31 12 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Consolidated financial statements year ended 31 December 2011 Balance sheet at 31 December 2011 In millions of euros 31 December 2011 31 December 2010 Board of Directors Chairman Baudouin PROT ASSETS Cash and amounts due from central banks and post office banks 58,3821,937 words
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GREATER CHINA/INDIA
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Article, Illustration808 2012-05-31 13 Piecemeal measures rolled out so far total 93b yuan in housing, energy AP [BEIJING] China is rolling out a mini-stimulus to fight its economic slump but is moving cautiously after its massive response to the 2008 global crisis left a painful hangover of inflationAP - 808 words
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349 2012-05-31 13 Reuters [BEIJING] China’s Cabinet yesterday approved a blueprint to promote seven strategic industries by 2015 as part of efforts to reform the economy and underpin long-term growth. “As the economy faces increasing downward pressure, it has great significance in maintaining long-term steadyReuters - 349 words
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209 2012-05-31 13 Bloomberg [MUMBAI] Tata Motors Ltd, India’s biggest carmaker, fell the most in three years in Mumbai trading after its main Jaguar Land Rover unit posted earnings that missed some analysts’ estimates. Tata Motors fell 8.3 per cent to 253 rupees as atBloomberg - 209 words
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Advertisement148 2012-05-31 13 Wake-up Call > 9 Hz THE ASCOT! LIMITED A Member of CapitaLand Make Yourself at Home Take time to unwind, for a few nights or more. Being away doesn’t mean you have to miss the comforts of home or the delightful squeals that wake you up at the dawn of148 words
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WORLD
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Article, Illustration538 2012-05-31 14 Siblings, relative sue chairman, claiming US$1 b of assets Reuters [SEOUL] A family feud at Samsung Group, parent of the world’s largest electronics company by revenue, could upset the smooth handover of control of a smartphones-to-ships conglomerate whose US$234 billion annual sales are bigger thanReuters; PHOTOS: REUTERS - 538 words
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742 2012-05-31 14 It banks on Citigold for expansion after selling brokerage unit Smith Barney Reuters [NEW YORK] As Citigroup prepares to exit its ownership in brokerage giant Smith Barney, the bank is on a hiring spree to build what it hopes will becomeReuters - 742 words
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470 2012-05-31 14 Reuters [WASHINGTON] Facebook has received notice that US antitrust regulators will give its proposed purchase of the popular photo-shar-ing app maker Instagram a lengthy investigation, an industry source told Reuters on Tuesday. Facebook has received a “second request” from the Federal Trade CommissionReuters - 470 words
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253 2012-05-31 14 Shares dip 9.6%, extending losses to 24%, making it worst-performing large IPO Bloomberg [NEW YORK] Mark Zuckerberg, Facebook Inc’s co-founder and chief executive officer, is no longer one of the world’s 40 richest people. The 28-year-old’s fortune fell to US$14.7 billionBloomberg - 253 words
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Article, Illustration568 2012-05-31 15 AP [LONDON] Britain’s Supreme Court has endorsed the extradition of WikiLeaks chief Julian Assange to Sweden, bringing the secret-spilling Internet activist a big step closer to prosecution in a Scandinavian court. Mr Assange, 40, has spent the better part of two years fighting attemptsAP - 568 words
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Article, Illustration368 2012-05-31 15 AP [LONDON] The former top media adviser to Prime Minister David Cameron was detained yesterday on suspicion of perjury in the trial of a flamboyant ex-Scottish lawmaker the latest case tied to allegations of wrongdoing by British tabloid newspapers. Andy Coulson, 44, was detainedAP - 368 words
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456 2012-05-31 15 RIT buys 37% stake from SocGen private banking arm for undisclosed sum Renters Bloomberg [LONDON] Two of the most glamorous names in global finance are linking up, with the Rothschild banking dynasty agreeing to buy a stake in the Rockefeller group’s wealth andRenters; Bloomberg - 456 words
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Article, Illustration701 2012-05-31 16 Her first trip abroad in over 20 years; tour of 5 European countries to follow AP [MAHACHAI, Thailand] Kicking off her first trip abroad in nearly a quar-ter-century, Myanmar opposition leader Aung San Suu Kyi yesterday offered encouragement to impoverished migrants whose flightAP; REUTERS - 701 words
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606 2012-05-31 16 Both parties appear to be watching price positions for talks Reuters [MOSCOW] A new alliance of BP and Russian state oil firm Rosneft is likely to emerge as owner of some of the world’s biggest energy reserves, after a renewed outbreak of hostilities betweenReuters - 606 words
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643 2012-05-31 16 Cool Japan strategy recreates trendy districts overseas AFP [TOKYO] Japan is hoping to cash in on its rich culture by recreating fashionable districts of Tokyo in foreign cities, determined that enclaves of vibrant shops, cafes and restaurants can find new markets abroad. ForAFP - 643 words
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245 2012-05-31 16 Reuters [BANGKOK] A Thai court handed an eight-month suspended sentence yesterday to a website editor for failing to quickly remove posts deemed offensive to the monarchy in a case that adds to growing debate over Thailand’s draconian royal censorship laws. The BangkokReuters - 245 words
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Article, Illustration773 2012-05-31 18 Zone-wide bank deposit guarantees, it says, are now essential AFP Reuters [BRUSSELS] The European Commission called for big changes throughout the eurozone yesterday as it placed Spain at the head of a critical list of 12 economies ordered to carry out major reformsAFP; Reuters; BLOOMBERG - 773 words
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765 2012-05-31 18 Euro drops on Spanish banking woes, Greek survival Reuters [MADRID] Spain’s borrowing costs lurched higher, and the Madrid stock market hit a nine-year low yesterday as investors rattled by deepening fears about its banking system fled to the relativeReuters - 765 words
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401 2012-05-31 18 AFP [WASHINGTON] Mitt Romney has clinched his Republican party’s White House nomination by winning its Texas primary, vowing to get America “back on the path to prosperity” by defeating Barack Obama in November. But Tuesday’s milestone was clouded by a revivedAFP - 401 words
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Article, Illustration625 2012-05-31 18 Limited access to credit, persistent foreclosures weigh LATEST US DATA Bloomberg [WASHINGTON] The number of Americans signing contracts to buy previ-ously-owned homes fell in April by the most in a year, indicating the US housing recovery remains uneven. The indexBloomberg; BLOOMBERG - 625 words
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372 2012-05-31 18 Reuters [HONG KONG] UBS AG expects “strong growth” in revenue at motor racing business Formula One in the coming years, driven by an increase in the number of races and rising advertising and sponsorship sales, a research note seen by Reuters yesterday showed. RevenueReuters - 372 words
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741 2012-05-31 19 Comex contract jumps 47% to new highs in first four months this year Reuters [NEW YORK] The CME Group is quietly carving out a growing share of the global copper futures market, eating into the London Metal Exchange’s near monopoly just asReuters - 741 words
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Article, Illustration532 2012-05-31 19 Deal gives British group scale in wholesale business Reuters [LONDON] British group Booker is to buy the loss-making British cash carry operations of German retailer Metro, giving it more customers and products and taking a long-run-ning problem off Metro’s hands. For Booker,Reuters; REUTERS - 532 words
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279 2012-05-31 19 Bloomberg [HELSINKI] Nokia Siemens Networks, the phone-network equipment partnership of Nokia Oyj and Siemens AG, established a venture capital fund to support businesses it’s disposing of as it reduces the workforce. “The purpose of the fund is to invest inBloomberg - 279 words
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Page 14 Advertisements
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Advertisement800 2012-05-31 14 SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Habib Bank Limited (Incorporated in Pakistan) CONSOLIDATED (SUMMARISED) BALANCE SHEET AS AT DECEMBER 31, 2011 2011 2010 (Rupees in’000) Basic and diluted earnings per share-Rupees 20.13 15.26 OMAIR FAROOQI Financial Reporting Financial Control Division BOARD OF DIRECTORS Sultan Ali Allana Chairman sd/-800 words
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Advertisement106 2012-05-31 15 K W m m G i 7 7, s f- m s ■S6 Join the World Class Ranked No.l in the world by Financial Times (2011,2010 2009) Source: 2011, 2010 and 2009 EM BA Survey by FT Join our information session to find out how you can realise your potential106 words
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Advertisement28 2012-05-31 16 98(2$)5!9# JULY 21 r SAT 51(2$%9% "35 23)<4773< Breakfast with 4$26 "&0),’ <)2"# 6<,95# *9<,0:,75 /456 56<5"9;3<5<,+ 5<75%’941< 56< )</ .<-37 87 748) 3! ,5 ///$5"9;3<$("+$78 3051 %)01 !!!*#.&$,004*&02(’0+-%$*)51"./0+$28 words
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Page 16 Miscellaneous
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Miscellaneous20 2012-05-31 16 TQDI7S BEST MUSDC THE MOST FUN IN THE MORNINGS kr •Fv ANDRE HDEDEN THE MARRIED MEN WEEKDAYS 6AM TO lOAM20 words
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Page 17 Advertisements
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Advertisement285 2012-05-31 17 THE PARAGON SALE 25 May 24 June 2012 THE SALE THAT DOESN’T DISCOUNT ITS EXPERIENCE Home to six levels of designer boutiques and international brands, indulge in the sale without losing the luxury shopping experience at Paragon. Citibank Paragon WORLD MasterCard Exclusive Music EnVogue Receive $40 Paragon shopping vouchers with285 words
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Page 19 Advertisements
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Advertisement1633 2012-05-31 19 >® < WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Wells Fargo Company and Subsidiaries (Incorporated in the United States of America) [in USD] CONSOLIDATED BALANCE SHEET December 31, (In millions, except shares) 2011 2010 ASSETS Cash and due from banks 19,440 16,044 Federal funds sold, securities purchased under resale1,633 words
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EDITORIAL & OPINION
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483 2012-05-31 20 EDITORIAL THE relationship between the US and Pakistan seems to be in danger of turning into a bitter and dangerous enmity that could threaten long-term interests of both countries and make it more difficult to stabilise war-torn Afghanistan. The sour state of US relations with483 words
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Article, Illustration780 2012-05-31 20 WILLIAM PESEK JR - Fascism’ may rescue a Japan fed up with status quo THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own WHO knew that a modern-day Adolf Hitler was running Osaka? Certainly not the majority of the 2.7 million people in the780 words
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Article, Illustration1083 2012-05-31 20 LEON HADAR - Unless Obama and Congress do something, expect a double-dip early next year LEON HADAR Washington Correspondent IS the rising federal deficit pushing the US government closer to a Euro-pean-style debt crisis a la Greece? Not really. But many in Washington areAFP - 1,083 words
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Article, Illustration1031 2012-05-31 21 PETER BOONE, SIMON JOHNSON - A stronger fiscal union, a central ministry of finance, and debt sharing may just allow the common currency to survive By PETER BOONE SIMON JOHNSON The writers are respectively chairman of effective intervention at the London School of Economics’ Centre for Economic Performance and professorBLOOMBERG - 1,031 words
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Article, Illustration768 2012-05-31 21 ROBERT SAMUELSON - ROBERT SAMUELSON The Washington Post Writers Group REGARDING Greece, I am puzzled by this: Why hasn’t there been a massive run on its banks? Suppose you were Greek and had, say, 2,000 euros (S$3,190) deposited in a local bank. Why would you leave it there?The Washington Post Writers Group; AFP - 768 words
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AVIATION
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Article, Illustration499 2012-05-31 22 VEN SREENIVASAN - Overall growth above 20-year trend; freight demand declines 4.2%: Iata By VEN SREENIVASAN GLOBAL air passenger demand rose 6.1 per cent in April, while freight demand was 4.2 per cent down, according to the International Air Transport Association (Iata). “Despite continuing economicAFP - 499 words
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Article, Illustration1178 2012-05-31 22 Airbus may need to redesign its wide-body aircraft Bloomberg [PARIS] Airbus SAS is losing the staring contest with Boeing. The European planemaker may have to rework its A350-1000 wide-body jet as cancellations mount and airlines criticise the design of Airbus’s alternative to Boeing’s 777.Bloomberg; BLOOMBERG - 1,178 words
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Article, Illustration355 2012-05-31 22 AOT will invest US$1.9b to boost capacity by a third Reuters [BANGKOK] Airports of Thailand Pcl (AOT) is to spend about US$1.9 billion over the next five years to expand capacity at Bangkok’s overcrowded Suvarnabhumi airport by a third, its president said yesterday. AOT, whichReuters; BLOOMBERG - 355 words
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428 2012-05-31 22 Bloomberg [KUALA LUMPUR] AirAsia Bhd, already sitting on the biggest Airbus SAS A320 order backlog, said it was in talks for as many as 100 more planes as it expands operations across the region. The airline has held discussions withBloomberg - 428 words
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Page 22 Miscellaneous
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Miscellaneous322 2012-05-31 22 CRYPTIC CROSSWORD Across 1 Priestly robe to get by (4) 3 Joint supporter a poisonous creature (5) 6 Shell suit (4) 8 Fixers sort Blues out, poking nose in (15) 9 A disreputable newspaper going over Henry’s first wife’s home (6) 10 Briefly interest one friend, a close one (8)322 words
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SHIPPING
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491 2012-05-31 23 Ample supply foils expectations Iran sanctions will reduce volume from region Reuters [SINGAPORE] Most Asian refiners bought Middle East crude for July loading at discounts amid ample supply, dashing expectations that Western sanctions on Iran will reduce volumes from the region, tradersReuters - 491 words
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258 2012-05-31 23 Reuters [OSLO] Norway’s Golden Ocean, controlled by shipping magnate John Fredriksen, said yesterday that the pace of new ships coming on to the market was slowing down although overcapacity would weigh on the dry-bulk business in the medium term. The shipping industryReuters - 258 words
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Article, Illustration598 2012-05-31 23 Greek find shows new evidence of commerce route AP [ATHENS, Greece] Two Roman-era shipwrecks have been found in deep water off a western Greek island, challenging the conventional theory that ancient shipmasters stuck to coastal routes rather than risking the open sea, an officialAP - 598 words
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Article, Illustration848 2012-05-31 23 Bloomberg [LONDON] With a month to go before the start of a full European embargo on Iranian oil, ship owners seeking to keep hauling the crude by switching insurance provider risk having their tankers seized by lenders. Most loans to buyBloomberg; REUTERS - 848 words
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Article254 2012-05-31 23 SGX '000 May 30 S$ +/-Vol CH Offshore 0.41 -0.01 52 Chuan Hup Hldg 0.22 -0.01 81 Cosco Corp 0.98 0.01 ***** s$ First Ship Lea 0.17 unch 80 Freight Links 0.06 unch 475 Grand Banks unch unch 0 Jaya Hold Ltd 0.56 0.01 246 K1Ventures 0.10 unch254 words
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2003 2012-05-31 24 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN2,003 words
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Page 23 Advertisements
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Advertisement33 2012-05-31 23 RK’s world He can move only two toes, yet has sketched a life with many lessons for us INDIAN SINGAPOREAN CONQUERS EVEREST GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST33 words
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Advertisement25 2012-05-31 23 SS95I**« aeissnfi ffl^l*lS: IP C #-W,SiM9!* Vice Ring Probe Available on ANDROID APP ON JV Google play WWttiiiSlfiii nmnm. is* mmmtAmit &mmPs SSlS B www.omy.sg25 words
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Page 24 Advertisements
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Advertisement33 2012-05-31 24 PLACE YOUR AD HERE The Business times Shippin CALL JOE WOI g Times GAT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II33 words
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Advertisement29 2012-05-31 24 Experienced ship maintenance myou y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times IIIL UUJIIVLJJ IIIVILJ Shipping Times29 words
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SINGAPORE STOCKS
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Article2445 2012-05-31 25 Transaction date: May 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 Div Gr Yld 123 92.5 AIMSAMPIReit 112.5 unch 447 114.5 112.5 112.5 114.5 7.4 10.82,445 words
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Article223 2012-05-31 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 +0.4223 words
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Article8007 2012-05-31 26 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 AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited FM Local Ccy Bond8,007 words
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Article193 2012-05-31 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 $mil Low 46 25.5 Genting HK US$ US31.5 -0.5 4914 32 31 31.5 32 2074.1 Last 201 168 TanChongInt HK185cd unch 6 185 185 185 187 4.3 3.8193 words
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Article909 2012-05-31 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 $mil 103 95.8 CIMB APAC Div 100US$ US96 97.4 98.5 10.1 1261 856 CIMBAsean40 100US$ US953 +2 1 953 953 953 959 149.5 ***** ***** DBXT AUD909 words
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FINANCE & COMMODITIES
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Article604 2012-05-31 27 May 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8637.95 8656.71 8568.97 Jun12 8645.00 8670.00 8565.00 8610.00 ***** *****6 Sep12 8650.00 8650.00 8560.00 8600.00 265 ***** MSCI TAIWAN INDEX FUTURES SPOT 262.05 262.05 257.59 May12 261.40 261.50 257.50 259.73 *****1 ***** Jun12 260.70 260.70604 words
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373 2012-05-31 27 In local curr In S$ In US$ dy yr dy yr dy yr May 29 Index Change Change Change Change Change Change World Preliminary 848.5 0.7 2.3 0.7 -0.2 0.7 1.4 EAFE Preliminary 673.2 0.8 -1.3 0.7 -4.8 0.8 -3.4 Europe Preliminary 1001.8 0.8 -2.4373 words
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Article, Illustration93 2012-05-31 27 As on 29 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) CURRENCY AUD-USD FUT JUN2012 .9858 .9788 .9811 1464 EUR-USD FUT JUN2012 1.2574 1.2468 1.2482 3537 BASE METAL COPPER FUT JUL2012 7718 7637 7634 2146 INDEX IRON ORE (MBIO) IDX FUT MAY2012 132.40 132.1093 words
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Article107 2012-05-31 27 May 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1386.75 1382.00 1402.00 1379.25 Aug 12 1367.25 1362.00 1381.25 1360.00 Sep 12 1326.75 1321.75 1339.50 1320.00 Nov 12 1293.50 1289.25 1307.75 1285.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.17107 words
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Article76 2012-05-31 27 CRUDE OIL PRODUCTS May 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.43 -0.25 WTI (Near Mth) 90.74 -0.41 Dubai (1-Mth F) 104.81 0.30 Tapis blend 113.80 -1.42 Minas 114.70 -0.32 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.56 -0.22 Jet Kerosene 120.78 0.04 US$/barrel OpecOil Basket76 words
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Article22 2012-05-31 27 May 30 S$ Bid Offer 1-month 1.2802 1.2804 2-months 1.2801 1.2803 3-months 1.2800 1.2802 6-months 1.2791 1.2794 Source: OCBC22 words
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Article66 2012-05-31 27 May 29 May 29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1978.25 1984.00 3 months 2017.00 2022.00 Copper, Grade A(US$/tonne) Cash 7680.00 7712.50 3 months 7670.00 7685.00 Lead(US$/tonne) Cash 1931.50 1928.00 3 months 1946.00 1941.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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Article80 2012-05-31 27 May 29 COCOA (£/tonne) Close Prev High/Low Jul 12 1475 1481 1503/1472 Sep 12 1467 1470 1493/1464 Dec 12 1448 1449 1473/1445 Mar 13 1428 1430 1453/1425 COFFEE(US$/tonne) Close Prev High/Low May 12 2237 2221 2239/2221 Jul 12 2241 2247 2262/2235 Sep 12 2218 2228 2237/2214 Nov 12 220380 words
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1223 2012-05-31 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 4 1 146 355 8.25 24 Conv Ratio Baker Technology Ltd W*****6 1 1 32 20 27.50 6 Best World Intl Ltd W*****5 0.6 1 30 70 30.001,223 words
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Article470 2012-05-31 27 May 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 6.214 0.785 7.590 54.896 93.571 0.776 11.522 3.091 1.287 90.848 42.517 1.252 8.184 0.943 29.083 31.146 0.628 0.978 Canada 0.997 6.194470 words
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Article57 2012-05-31 27 May 30 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates 1 yr (S$) 0.*****57 words
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Article136 2012-05-31 27 May 30 GOLD(US$/oz) May 29 May 30 Hong Kong 1582.90 1556.00 May 30 May 28 May 29 London 1574.85 1576.70 1575.65 1577.50 Source: Thomson Reuters CAST BAR May 30 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 153 64 5gm 436 319 10gm136 words
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Article80 2012-05-31 27 May 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.6 108.6 108.6 10-Year NX*****X80 words
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Article58 2012-05-31 27 May 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3100.0 3140.0 3100.0 3072.0 30 2523 Jul 12 3160.0 3170.0 3160.0 3109.0 3342 ***** Aug 12 3159.0 3178.0 3160.0 3106.0 ***** ***** Sep 12 3151.0 3172.058 words
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Article154 2012-05-31 27 May 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2515 1.2521 0.9776 0.9779 Canadian dollar 1.2473 1.2482 0.9743 0.9748 Euro 1.5946 1.5953 1.2456 1.2459 NZ dollar 0.9727 0.9734 0.7598 0.7602 Sterling pound 1.9944 1.9950 1.5579 1.5581154 words
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Article121 2012-05-31 27 As at 9am May 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.285 1.224 Can dollar 1.277 1.217 Euro 1.631 1.554 Sterling pound 2.036 1.958 NZ dollar 1.000 0.953 US dollar 1.297 1.248 Local dollars to 100 units of foreign121 words
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Article154 2012-05-31 27 May 30 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12154 words
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BizIT THE USINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration780 2012-05-31 28 VICTORIA HO - Networking firms say cellphone use is creating permanent change for businesses, reports VICTORIA HO reportsVICTORIA VICTORIA HO THE rise of the mobile phone is creating a wave of change for businesses, and for the firms that serve company networks. F5 Networks sawF5 NETWORKS - 780 words
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Article120 2012-05-31 28 CLEMENT TEO - By CLEMENT TEO FORTIS Healthcare was established as an integrated healthcare provider, and has presence across Australia, Canada, Dubai, Hong Kong, India, Mauritius, New Zealand, Singapore, Sri Lanka and Vietnam. Its combined network comprises more than 75 hospitals with more than 12,000 beds, 580 primary care centres,120 words
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700 2012-05-31 28 CLEMENT TEO - Group claims a first in building its own patient portal By CLEMENT TEO DO not be surprised if front desk staff at Fortis Colorectal Hospital (FCH) greets patients by name on their first visit. Prior to their being admitted, hospital staff would700 words
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Article232 2012-05-31 28 VICTORIA HO - By VICTORIA HO SINGAPORE’S longest-run-ning IT consumer electronics show is back next week. The PC Show, from June 7 to 10, will see 600 exhibitors bringing their wares to Suntec City’s exhibition halls. According to its organiser, last year drew a crowd of 950,000232 words
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Article, Illustration763 2012-05-31 28 AMIT ROY CHOUDHURY - Challenge remains to get people to use mobiles to pay By AMIT ROY CHOUDHURY MOBILE payment transaction values in Asia-Pacific, including Japan (APJ), are expected to be US$53 billion this year, representing 30 per cent of the global total ofGARTNER INC - 763 words
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Page 28 Advertisements
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Advertisement20 2012-05-31 28 Threegoodfriends &ashared business specialisesinsaleof Apple products specialises in sale of Apple products To subscribe, call 6388-3838 or go to sphsubscription.com.sg20 words
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PROPERTY
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496 2012-05-31 29 JASMINE NG - 90 Peace Centre/Peace Mansion units going for $200m; indicative price for 700 Beach is $120m By JASMINE NG [SINGAPORE] Two commercial properties within the central business district have been put up for sale by expressions of interest yesterday. Colliers International has496 words
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Article1556 2012-05-31 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 18 WITH CONTRACT DATES BETWEEN MAY 2 AND MAY 8, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Cliff Apt 08/05/2012 99 527 1149 2180 District 2 NON-LANDED Eon Shenton1,556 words
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443 2012-05-31 29 BOE also reports 1.1% month-on-month rise in M4 money supply Bloomberg [LONDON] UK mortgage approvals rose in April as record-low interest rates helped sustain some property demand during the seasonal spring buying period. Lenders granted 51,823 loans to buy homes, compared with a revisedBloomberg - 443 words
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320 2012-05-31 29 London Stamford sets up £200m Central London residential fund Bloomberg [LONDON] London Stamford Property Plc, co-owner of one of the UK’s largest malls, plans to create a £200 million (S$400 million) venture with two partners to buy homes in the centre of the UK capital. London Stamford will own 40Bloomberg - 320 words
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Article, Illustration660 2012-05-31 30 KALPANA RASHIWALA - Option said to have been issued to ERC at over $60m for the Penang Road national monument By KALPANA RASHIWALA [SINGAPORE] The historic House of Tan Yeok Nee, a gazetted national monument, is in the process of being sold, BT understands. An optionFILE PHOTO - 660 words
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272 2012-05-31 30 RACHEL AU-YONG - Unit will service customers with properties in Asia By RACHEL AU-YONG [SINGAPORE] CBRE Group will set up an international valuation team in Singapore to service Asia, and beef up its global corporate services unit here, it announced yesterday. The Singapore-based International Valuation272 words
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384 2012-05-31 31 MICHELLE TAN - Qingjian Realty ties up with SPH to launch interactive showflat on iPad accessible via group’s newspapers By MICHELLE TAN [SINGAPORE] An increasing number of interactive virtual showflats have been popping up via websites and now the Apple iPad to save buyers that trip. Developers384 words
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Article, Illustration933 2012-05-31 31 Department stores, operators pressed for reductions Bloomberg [SYDNEY] Australia’s biggest shopping-centre operators, Westfield Group, Stockland and GPT Group, are lowering rents for new stores while existing tenants call for cuts as ma-jor-mall sales drop for the first time in a decade. MyerBloomberg; AFP - 933 words
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Page 29 Advertisements
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Advertisement8 2012-05-31 29 savills savills.com.sg agency no. l*****88b +65 6836 68888 words
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Advertisement290 2012-05-31 30 For Sale by Expression of Interest Land Wareham Road Land 7,146 sq ft; Freehold Rectangular; approx. 22m frontage North-South orientation Near good schools and minutes drive to Parkway Parade ECP Ideal for one bungalow or a pair of semi-detached houses Irinn Lee (Ms) irinn.lee@credo.com.sg(CEA Regn No: R*****4F) Agency Licence No:290 words
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Advertisement104 2012-05-31 30 INVESTMENT I DEVELOPMENT OPPORTUNITY A Singapore based real estate developer and development consultant providing specialised property development services to the residential property market. We offer land owners, investors developers a unique strategy through our ‘Distinctive Proposition’ to achieve: LOWER COST HIGHER PROFIT SHORTER TIME Visit us at www.amronland.sg for details104 words
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Advertisement128 2012-05-31 30 B1 Industrial/ Showroom 38 John Pemimpin Lifestyle Hub Freehold Opposite Morymount Hfis MRT station 72 units Hp: *****589 JEN WONG CEA Reg No: R*****8B Agency No: gaVillS L*****87F NASSIM GCB Sought after location. Elevated land approx 84,500 sqft Super wide frontage. Auspicious no. Potential for 5 GCBs. Rarely avail! CBRE128 words
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Advertisement41 2012-05-31 30 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings NOTICES CLA/FEB1 1/g41 words
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Page 31 Advertisements
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Advertisement277 2012-05-31 31 Peace Centre and Peace Mansion Asset Enhancement Repositioning Management Opportunity Ml--1 Sophia Road (Junction of Selegie Road and Sophia Road) Strata titled units within mixed development Retail/Office 90 units Residential 11 units Carpark 162 lots Tenure: 99-year leasehold with effect from 2 June 1970 Strata Area: Approx. 280,000 sq ft277 words
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Advertisement202 2012-05-31 31 Accelerating success. Core CBD Asset FOR SALE 66 St Georges Tce, Perth, Australia Quality tenants including Suncorp, ASIC, Subsea 7 and Department of Defence 11,447m2NLA Excellent natural light to all levels Surplus development potential (STCA) Average passing office rents only $550m2 12 levels including undercover parking NABERS rating 3 stars202 words
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Advertisement52 2012-05-31 32 Shaw House Grand Hyatt RD SCOTTS Centrepoint Shopping Centre Tangs Plaza The Paragon Wheeloc Liat Towers ORCHARD RD ION Orchard Hilton Hotel Wisma Atria Mandarin Orchard Four Seasons Hotel e Plac k Orchard Central PARK RD 313 Somerset Ngee Ann City PATERSON ANGULLIA Orchard MRT Somerset MRT Overseas Family School52 words
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