The Business Times, 5 December 2013
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2013-12-05
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The Business Times
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Title Section25 2013-12-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, December 5, 201325 words
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MARKETS DIGEST
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Article65 2013-12-05 1 HST INDEX 3,160.70 (-26.97) HST INDEX FUTURES 3,153.00 (-27.00) HSIMSCI 364.26 (-2.98) HSIMSCI FUTURES 362.30 (-3.10) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.637 2.056 EURO (US$/S$/€ 1.357 1.704 Foreign currency per US$ S$ YEN 102.80 81.90 RM 3.225 2.568 HK$ 7.753 6.175 BAHT 32.23 25.67 RUPIAH65 words
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Article48 2013-12-05 1 Wednesday Change KL COMP 1,821.90 -2.39 NIKKEI 225 15,407.94 -341.72 HANG SENG 23,728.70 -181.77 SET INDEX 1,376.63 -7.26 JAKARTA COMP 4,241.30 -47.46 MANILA COMP 6,105.23 -74.27 SEOUL COMP 1,986.80 -22.56 SHENZHEN B 890.35 +5.92 MUMBAI IND 20,708.71 -146.21 11.00am EST Change DOW 15,960.36 +45.74 NASDAQ 4,051.65 +14.4548 words
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Article21 2013-12-05 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 14.683 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg21 words
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Article, Illustration1025 2013-12-05 1 ANDREA SOH - Pact to work on yuan-denominated derivatives, among other areas, comes as competition hots up By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] In a surprise announcement yesterday, Singapore Exchange (SGX) and Hong Kong Exchanges Clearing (HKEx) said they have agreed to cooperate in various areas, including developing yuan-denominated1,025 words
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Article669 2013-12-05 1 SAMUEL EE - By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums dipped unexpectedly yesterday on a combination of loan restrictions and the holiday season, according to some distributors. In the first bidding exercise of December, the cost of a Category A certificate of entitlement (for cars bel669 words
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Page 1 Advertisements
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Advertisement233 2013-12-05 1 HOCK LOCK SIEW Wall Street’s perverse ‘win-win’ position PAGE 4 COMMENTARY Shine regulatory light on banks’ shadow activities MALAYSIA Firms feel the heat before higher power tariffs PAGE 10 COMPANIES WE buying HK distributor Everbest PAGE 7 PAGE 20 BT LUXE CHRISTMAS 2013 The award-winning Luxe Christmas gets a new233 words
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TOP STORIES
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629 2013-12-05 2 CHUANG PECK MING - Cebr projects 3.8% growth this year on higher consumption and strong exports By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Singapore’s economic growth will stay strong in the next two years relative to the other countries in Asean, despite the cooling629 words
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665 2013-12-05 2 Reu ters [KUALA LUMPUR] Malaysia has granted a substantial tax break to a zone in a showpiece investment project near Singapore, a move likely to provide crucial support to a US$800 million initial public offering of the area’s developer next year. The Medini areaReuters - 665 words
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Article391 2013-12-05 2 Singapore Exchange joins hands with HKEx THE Singapore Exchange and Hong Kong Exchanges Clearing said they have agreed to cooperate on various areas, including developing yuan-denominated products. FRONT PAGE Cat B premium falls below Cat A COE premiums dipped unexpectedly on a combination of loan restrictions and the391 words
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Article, Illustration370 2013-12-05 2 HELMI YUSOF - By HELMI YUSOF helmi@sph.com.sg [SINGAPORE] Jugglers, clowns, magicians, martial artists and acrobats feature in this year’s ChildAid charity concert. Set to a carnival theme, it is said to be the most ambitious effort in the concert’s nine-year history. Nearly every aspect of the showPHOTO: DESMOND WEE/THE STRAITS TIMES - 370 words
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670 2013-12-05 2 NEIL BEHRMANN - By in NEIL BEHRMANN in London THE cost of bank misdeeds and poor conduct has multiplied to levels comparable to gross domestic products of Singapore, Greece and several other nations. Between 2008 and the end of 2012 ten leading banks had670 words
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Article55 2013-12-05 2 IN “SGX: Investors, please come get your money” (BT, Nov 27), we gave the wrong impression that some unclaimed SingTel shares were bought with Central Provident Fund monies. The Singapore Exchange has pointed out that the affected shares were bought with cash only, which means the CPF Board is55 words
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Article, Illustration521 2013-12-05 3 GRACE LEONG - Charges include fraud, cheating and using forged papers By GRACE LEONG gleong@sph.com.sg [SINGAPORE] A former AIA insurance agent has pleaded guilty to four charges of fraud and cheating, including using forged documents to dupe an elderly businessman into buying a bogus AIA Thank521 words
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411 2013-12-05 3 NISHA RAMCHANDANI - By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Online fashion retailer Zalora Group has landed US$112 million in funding from private investor group Access Industries, funds managed by US-based asset management firm Scopia Capital Management and other institutional investors, which comes shortly after an earlier fund-raising411 words
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Article, Illustration464 2013-12-05 3 ANDREA SOH - They collaborate to voice concerns over US, EU reforms in capital markets By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] The Singapore Exchange (SGX) and the Hong Kong Exchanges and Clearing (HKEx) have joined arms to speak with a louder voice to American and European regulators464 words
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Advertisement325 2013-12-05 3 IF* BMW Service www.bmwasia.com/ Sheer aftersales Driving Pleasure IT -7 u of r r B [BMW 3 Series BMW 5 Series “WEISST DU WAS ICH BRAUCHE?” You might be a little confused right now, but a technician trained by BMW will understand what your BMW needs. All BMW Authorised Service325 words
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COMPANY NEWS
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865 2013-12-05 4 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg BY NOW, regular BT readers and those active in the market would know that the majority of investment houses are recommending a “buy” on Western markets for 2014, mainly Wall Street, and to largely ignore or underweight Asia.865 words
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Article, Illustration404 2013-12-05 4 JACQUELYN CHEOK - By JACQUELYN CHEOK jaccheok@sph.com.sg CDL Hospitality Trusts (CDLHT) has extended its foray into the Maldives with its acquisition of Jumeirah Dhevanafushi resort, its second property there, from Xanadu Holdings for US$59.6 million. The 53,576-square-me-tre luxury resort, located on the private island404 words
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Article, Illustration394 2013-12-05 4 KELLY TAY - By KELLY TAY kellytay@sph.com.sg THE pot is being stirred at renowned family-owned chocolatier, Ferrero Group, as it tries to rebalance its heavy reliance on Western Europe towards Asia. “The growth is here, and we have to follow it,” Rudolph Sequeira, general manager forPHOTO: BLOOMBERG - 394 words
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427 2013-12-05 4 LEE MEIXIAN - By LEE MEIXIAN leemx@sph.com.sg GENTING Hong Kong and other shareholders have agreed to sell up to 25.3 million shares in Nasdaqlisted Norwegian Cruise Line Holdings (NCLH) in a secondary public offering. NCLH had last month filed a registration statement with427 words
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409 2013-12-05 7 CAI HAOXIANG - US$7.4m acquisition to be paid through new shares at 2.57 US cents apiece By CAI HAOXIANG haoxiang@sph.com.sg WE Holdings, the electronics distributor that is exploring Myanmar cement and resources opportunities, is acquiring Hong Kong-based electronics distributor Everbest Industrial (International) for US$7.4 million. The purchase409 words
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283 2013-12-05 7 CARINE LEE - Cosco bags $54m contract from Asian buyer By CARINE LEE carinel@sph.com.sg SWISSCO Holdings has placed orders to add $42 million worth of vessels to its fleet, while Cosco Corporation has secured a US$54 million contract. Swissco’s orders are for two anchor handling tug283 words
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286 2013-12-05 7 CARINE LEE - By CARINE LEE carinel@sph.com.sg YOMA Strategic Holdings has unveiled plans for a joint-venture company to build and operate a steel mesh products manufacturing plant in Yangon, Myanmar. It has, through wholly owned Yoma Strategic Investment Ltd, entered into a new partnership with LCT Investment286 words
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130 2013-12-05 7 Bloomberg [SINGAPORE] A former Royal Bank of Scotland Group plc trader in Singapore fired for allegedly rigging the London interbank offered rate (Libor) has discontinued his lawsuit for wrongful dismissal. No payments were made to Tan Chi Min, the bank’s former head of Asian deltaBloomberg - 130 words
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463 2013-12-05 8 KENNETH LIM - Analysts favour businesses that will gain from developed economies’ recovery By KENNETH LIM kenlim@sph.com.sg ASIAN investors should look for businesses that will benefit from a shift towards recovery in developed economies in 2014, analysts at Goldman Sachs and UBS said as463 words
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Article, Illustration252 2013-12-05 8 CHAN YI WEN - By CHAN YI WEN yiwenc@sph.com.sg KEPPEL Corp’s chief executive officer-designate Loh Chin Hua will join its board as an executive director from next month when current CEO Choo Chiau Beng retires. He will also succeed Mr Choo as chairman on the252 words
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Article, Illustration552 2013-12-05 8 Reuters [LONDON] Standard Chartered warned that 10 years of record earnings are likely to end this year, with profit set to fall because of losses in Korea, a slowdown in its key Asian markets and tougher regulations. Shares in the bank, which makes more thanReuters; FILE PHOTO - 552 words
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SINGAPORE MARKETS
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Article, Illustration577 2013-12-05 6 R SIVANITHY - STI loses 26.97 points; Jardine group, banks and Keppel among top-losing component stocks STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent SUDDEN worries over US tapering brought on by the stronger-than-expect-ed United States manufacturing and construction numbers, led to a 26.97-point loss for the Straits TimesSource: Bloomberg - 577 words
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Article72 2013-12-05 6 Dec 4 VALUE CLOSE BT OB/OS -323.00 -55.00 BT CADI -*****.00-132.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 718.03 -4.85 FTSE ST Small Cap 534.16 -2.05 FTSE ST All Share 765.64 -6.04 FTSE ST China Top 196.81 -1.77 FTSE ST China 222.75 -1.69 FTSE ST72 words
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Article186 2013-12-05 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 4 0 0 0 2 8 4 Manufacturing 27 64 37 4 5 11 31 69 48 Commerce 12 25 16 6 3 2 18 28 18 Tpt/Stor/Comms 9 17 12186 words
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BROKERS’ TAKE
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Article382 2013-12-05 6 DBS Group Research, Dec 4 BANKS proxy for positive GDP momentum. A surprise spike in September electronics industrial output and better-than-expected services and construction sectors growth lifted 2013 GDP forecast to 3.8 per cent (from 2.9 per cent), while improving growth momentum in China and G3 economies should382 words
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Article, Illustration472 2013-12-05 6 JOYCE HOOI - Compiled by JOYCE HOOI Dec 4 close: $0.755 OCBC Investment Research, Dec 4 AGREEMENT with Ooredoo. Yoma reported that its consortium, Digicel Asian Holdings, comprising Digicel Group, First Myanmar Investment Co Ltd and Yoma Strategic Holdings Ltd, has signed an agreement with Ooredoo Myanmar to develop, constructSource: Bloomberg - 472 words
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Article121 2013-12-05 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,742 15,742 65,585 65,585 Manufacturing 170,077 120,113 290,190 97,918 3,793 101,711 Commerce 165,116 502,634 667,750 91,692 38,134 129,826 Tpt/Stor/Comms 100,715 23,007 123,722 159,984 2,665 162,649 Finance 52,292 160 52,452 193,522 53 193,575 Construction 67,036 122,359121 words
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Article115 2013-12-05 6 Stock name Close Change CapMallsAsia 1.975 -0.025 CapitaLand 3.010 -0.020 CapitaMall 1.925 -0.010 CityDev 9.900 -0.080 ComfortDelGro 1.950 -0.010 DBS Grp 17.000 GLP 2.920 -0.010 Genting SP 1.495 -0.010 Golden Agri 0.565 -0.010 HK Land 5.740 -0.030 HPH Trust US$ 0.670 -0.010 JMH 53.500 -0.900 JSH115 words
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Article, Illustration549 2013-12-05 6 CURRENCIES Reuters [SINGAPORE] Thailand’s baht showed some signs of stabilising yesterday as the country’s navy chief ruled out a coup after days of anti-gov-ernment protests, while Indonesian companies’ year-end dollar demand forced the rupiah to give up all its gains made earlier this week.Reuters; PHOTO: BLOOMBERG - 549 words
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Article57 2013-12-05 6 VOLUME Albedo 276,225,000 Vallianz Hldgs 174,835,000 Charisma Energy 121,796,000 KLW Hldgs 98,536,000 GSH Corp 77,227,000 HanKore 58,228,000 Blumont 58,003,000 IPCO Intl 55,528,000 Transcu Grp 39,818,000 MDR 38,163,000 VALUE($) OCBC Bk 61,411,690 DBS Grp 57,246,360 SingTel 57,075,528 UOB 48,079,570 Keppel Corp 45,789,705 Ezra 42,865,170 Noble Grp 36,125,960 Ascendasreit57 words
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Article112 2013-12-05 6 BY CENTS CLOSE UP Lyxor Malaysia 10US$ 1070 57.8 4.5 DBXT MSTHAI 10US$ 1921 33.9 1.4 DBXT S&P Short 10US$ 2680 23.9 0.7 DBXT CSI300 10US$ 780 12.6 1.3 IS MS India 100US$ 599 12.6 1.7 SIA 200 1053 11.0 1.1 Great Eastern 1800 10.0 0.6 IS MS India112 words
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Article124 2013-12-05 6 BY CENTS CLOSE DOWN JMH 5350 -113.0 -1.7 DBXT MSKorea 10US$ 6238 -95.4 -1.2 Jardine C&C 3473 -87.0 -2.4 GLD 10US$ ***** -76.6 -0.5 JSH 3360 -50.2 -1.2 Lyxor Indonesia10US$ 7194 -50.2 -0.6 DBS Bk 4.7% NCPS 100 ***** -30.0 -0.3 DBXT MSAsExJp 10US$ 3419 -27.6 -0.6 DBXT MSBrazil124 words
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Advertisement158 2013-12-05 7 MnWiil'im milllliTj'n 30 miiuiL'U'in m i ui i l'U i n m i LU i L'X 11 n WllUlt'i 31 miUJUUi T555 h »uJ A. ARAnt f DY (ARC HE AM »OCEMTIW) OfftC *»on*orp«Q/t* nroLtnut °nM °bii Leadership in technology. The world is growing. Every day, more people, vehicles, homes158 words
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Advertisement14 2013-12-05 8 Find a sharper voice in MyPaper Top Stories Business Opinions Lifestyle My Paper as14 words
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Advertisement97 2013-12-05 8 WE’RE STILL NO. T 6 MOVES FOR THIS 6-PACK' M OU ar SICS UP HOW! FORG f TUI ii DESIGN WE) COME DINE WITH ME HYPNOTHERAPY DOES IT WORK? fit* if i MMS 3k ETC Mm Min MH GUIDE TO SMART NVESDNC yCUKEEDO.LYSI.CCO) MEN’S HEALTH HOME DECOR YOUNG PARENTS Singapore’s97 words
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SINGAPORE NEWS
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Article, Illustration640 2013-12-05 9 FELDA CHAY - Twinning SMEs will be win-win for both SMEs and startups, says Asme chief By FELDA CHAY feldac@sph.com.sg AN incubation centre to match established small and medium enterprises (SMEs) with new, know-ledge-driven or technological startups relevant to their business is in the works.640 words
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371 2013-12-05 9 GRACE LEONG - Sim admits violating Casino Control Act over issuance of freebies to gamblers By GRACE LEONG gleong@sph.com.sg A SECOND Resorts World Sentosa (RWS) executive pleaded guilty yesterday for her part in misleading the Casino Regulatory Authority (CRA) over the issuance of freebies to gamblers who renewed371 words
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696 2013-12-05 9 Xinhua [SINGAPORE] Tianjin Eco-City, the best known eco-city project in China, now has about 6,000 residents five years after its construction, according to Ho Tong Yen, chief executive officer of Sino-Singapore Tianjin Eco-city Investment and Development Co Ltd, the project’s developer. In a recentXinhua - 696 words
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224 2013-12-05 9 SINGAPORE’S only bilingual newspaper, MyPaper, will boast a new look from today, delivering a cleaner, more upmarket publication aimed at young professionals, managers and executives. This comes amid recent changes in editorial leadership as former Business Times executive editor Rahul Pathak has taken224 words
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Article, Illustration375 2013-12-05 9 ONG CHOR HAO - New online portal also helps users suss out potential roommates By ONG CHOR HAO ongch@sph.com.sg ENTREPRENEUR Darius Cheung is back with a new start-up company an online portal called Homie, through which one can find rental accommodation and suss out potential roommates. Mr Cheung, its375 words
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Advertisement142 2013-12-05 9 t. i A End of Financial Year Corporate Compliance Reminder Timely holding of Annual General Meeting (AGM) Laying of up-to-date financial statements at AGM Timely filing of Annual Return June marks the end of the Financial Year for many companies. Private and public unlisted companies with a financial year-end of142 words
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MALAYSIA
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Article, Illustration646 2013-12-05 10 But Bank Negara governor says impact on prices will be temporary [KUALA LUMPUR] Businesses and households can expect costs to go up, as inflation trends higher in the wake of the new electricity tariffs effective Jan 1 for the peninsula asPHOTO: REUTERS - 646 words
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486 2013-12-05 10 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur SHARES in Berjaya Auto leapt over 12 per cent to RM1.66 apiece after a Malaysian bank research house called a “high conviction buy” on the regional carmaker yesterday. Since its early-Novem-ber listing where its shares486 words
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533 2013-12-05 10 PAULINE NG - Steel, glove makers’ shares fall; analysts begin to slash their earnings forecasts By PAULINE NG in Kuala Lumpur COMPANIES likely to be hit by a higher-than-expected increase in energy tariffs kicking in next month are already feeling the effects of533 words
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Advertisement322 2013-12-05 10 FUTURE i i t i I i i i i I a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be “China-ready”, “China-savvy” and “Connected” i This programme provides a lot of opportunities for business interaction with local businessmen and government officials in China, where you would learn more about322 words
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Advertisement66 2013-12-05 10 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD66 words
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Advertisement66 2013-12-05 10 tl SGPFaV Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com For Exhibitors! Extensive publicity Quality crowd Convenient location Reserve your prime spot TODAY! Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF BI k 8 Lorong Bakar Batu,66 words
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GREATER CHINA
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Article, Illustration533 2013-12-05 11 Rollout of reforms begins in 3 months; implementation of most in a year: POBC Reuters [SHANGHAI] China plans to roll out financial-sector reforms in the Shanghai special economic zone in the next three months and most will be implemented in a year, suggesting theReuters; PHOTO: REUTERS - 533 words
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417 2013-12-05 11 Bloomberg [LONDON] UK Prime Minister David Cameron has defended GlaxoSmithKline over bribery allegations in China, saying he’d found the British drugmaker an important and strong business. Mr Cameron has been joined by Glaxo chief executive officer Andrew Witty on his trade mission toBloomberg - 417 words
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251 2013-12-05 11 Reuters [BEIJING] China’s central bank has published new rules on credit information firms, in a move aimed at improving the country’s nascent credit appraisal system to help banks better evaluate risks. The rules aim to “strengthen supervision and management of creditReuters - 251 words
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Advertisement191 2013-12-05 11 ROYAL SQUARE Nat novena A Premier Gateway Next To Future Health City Novena I ,f B 3Q 1 PRESTIGE MEDICAL CENTRE DAY SURGERY CENTRE IMAGING CENTRE LABORATORY MEDICAL SUITES Cardiologist Dermatologist Obstetrician Gynaecologist Ophthalmologist Orthopaedic Neurologist Gastroenterologist Endodontist Paediatrician i* itei J feiiE 1 33-storey mixed-use development Direct access to191 words
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GREATER CHINA/INDIA
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Article, Illustration663 2013-12-05 12 China firm may be prompted to price issue at top of indicative range Reuters [HONG KONG] Hong Kong’s army of mom and pop investors has piled into China Cinda Asset Management’s initial public offering (IPO), lured byReuters; PHOTO: REUTERS - 663 words
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Article, Illustration508 2013-12-05 12 Bloomberg [SHANGHAI] Robin Li passed Wang Jianlin as the richest man in China today by just US$64 million, according to the Bloomberg Billionaire Index. The founder of China’s largest Internet search engine Baidu Inc, has become the wealthiest individual in theBloomberg; PHOTOS: BLOOMBERG - 508 words
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Article, Illustration571 2013-12-05 12 PAULINE CHIOU - The trains are fast, clean, frequent and the average train fare is about US$1 By PAULINE CHIOU The writer is a CNN anchor/ correspondent and the co-host of ‘World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more businessFILE PHOTO - 571 words
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376 2013-12-05 12 Reuters [MUMBAI] India will allow a portion of the country’s US$80 billion in employee pensions to be invested in a wider array of debt, including short-term bills, in a bid to boost returns and further develop domestic bond markets. FundReuters - 376 words
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Advertisement74 2013-12-05 12 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister forTransport, Union of Myanmar A U Aung MawThein Myanmar Distribution Group And74 words
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WORLD
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Article, Illustration729 2013-12-05 13 Savings ratio beats all forecasts; global trade contributes most to growth Reuters [SYDNEY] Australia’s economy put in another subpar performance last quarter as domestic demand disappointed and consumers chose to save rather than spend, although a solid contribution from international tradeReuters; PHOTO: AFP - 729 words
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681 2013-12-05 13 Bloomberg [WASHINGTON] Huawei Technologies Co, China’s largest maker of phone network equipment, said there is no basis for US scrutiny of its contract to supply broadband equipment for a project in South Korea. “Our gear is world-proven and trusted, connecting almost one-thirdBloomberg - 681 words
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877 2013-12-05 14 Onerous regulations by the central bank stall debt issues IFR [SINGAPORE] The board of Metrobank, the largest bank in the Philippines, tweaked a resolution authorising the issuance of Basel III compliant capital notes last week, but foot-dragging by the banking regulator means itsIFR - 877 words
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416 2013-12-05 14 ANTHONY ROWLEY - Note issue opens doors for more Japanese funds to flow into the region By in Tokyo ANTHONY ROWLEY in Tokyo JAPANESE institutional investment could begin flowing more freely to local-cur-rency bond issuers within the Asean region following a “landmark” transaction yesterday whereby an416 words
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Article, Illustration444 2013-12-05 14 AFP [SYDNEY] Australian Foreign Minister Julie Bishop will hold talks with Indonesia today to help repair ties strained by a spying row and draw up a code of ethics to govern relations. The nation’s top diplomat will also visit China, where relations areAFP - 444 words
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Article, Illustration595 2013-12-05 14 AFP [PARIS] Bees have a much greater economic value than is widely known, according to a scientific probe into strawberry-growing published yesterday. Strawberries pollinated by bees were of far higher commercial value than fruit that was self-pollinated or pollinated by the wind. TheyAFP - 595 words
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503 2013-12-05 15 ‘Battle’ will begin again early tomorrow, says protest leader AP [BANGKOK] Prime Minister Yingluck Shinawatra returned to her office yesterday for the first time in five days but her effort to show that normalcy was returning to Thailand after days of violentAP - 503 words
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Article, Illustration496 2013-12-05 15 Reu ters [TOKYO] Investors in Japanese stocks are making long-term bets on companies that seem well-placed to benefit from China’s plans to relax its one-child policy, with musical instrument makers, toy manufacturers and food companies among their favoured picks. China unveiled sweepingReuters; PHOTO: AFP - 496 words
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Article, Illustration792 2013-12-05 15 Old elite threatened by rising power of provincial masses NYT [BANGKOK] Anand Panyarachun, one of Thailand’s leading statesmen, recently noted that his country seemed to have everything going for it plentiful natural resources, good weather and fortunate geography free from typhoons orNYT; PHOTO: AP - 792 words
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573 2013-12-05 16 Private-sector hiring surges in November; previous month’s numbers revised up LATEST US DATA Reuters AFP [WASHINGTON] The US trade deficit narrowed in October as exports hit a record high, pointing to a pick-up in global demand that should help toReuters; AFP - 573 words
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Article, Illustration539 2013-12-05 16 Reuters AP [BEIJING] US Vice-Presi-dent Joe Biden said yesterday that relations between Washington and Beijing had to be based on trust, amid a dispute over a new Chinese air defence zone which has rattled nerves regionally. Beijing’s decision to declare anReuters; AP; PHOTO: AFP - 539 words
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Article, Illustration453 2013-12-05 16 AFP [NUSA DUA] India said yesterday it could not accept a World Trade Organization (WTO) proposal on food security, casting a gloom over a high-stakes conference tasked with salvaging the body’s faltering efforts to liberalise world trade. A proposal that NewAFP; PHOTO: REUTERS - 453 words
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Article, Illustration532 2013-12-05 17 Bloomberg [LONDON] The UK’s largest insurance companies will invest £25 billion (S$51.5 billion) in infrastructure, as the government prepares to update its plan for projects from energy and transport to communications. The government was to publish later yesterday a refreshed versionBloomberg - 532 words
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698 2013-12-05 17 On one side it faces troika’s pressure, on the other an internal revolt before ban on seizures ends in Jan AFP [ATHENS] Rising poverty, pressure from creditors and a looming parliamentary revolt: Greece’s government has its work cut out as itAFP - 698 words
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557 2013-12-05 17 Central bank must use stimulus only in the case of a severe shock, he says Reu ters [HAKODATE, Japan] Bank of Japan board member Takehiro Sato said he saw no need to expand monetary stimulus pre-emptively to counter theReuters - 557 words
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Article, Illustration820 2013-12-05 17 Country also aims to export the electricity to nearby countries AFP [ASHEGODA, Ethiopia] From the sky, the 84 glimmering white turbines at Ashegoda wind farm shoot up from the ground like massive spokes, standing out high amid vast expanses of yellow wheat. Ethiopia’sAFP; PHOTO: AFP - 820 words
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289 2013-12-05 17 Reuters [TOKYO] Japan’s Toshiba Corp will tie up with German real estate company Gagfah SAS to sell energy directly to residents in Germany, sources told Reuters. Beginning in March 2014 in two towns in south Germany, Toshiba will fit solarReuters - 289 words
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Advertisement1576 2013-12-05 14 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) GRENSBURG INVESTMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****7648C) (2) DARIENE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****8157C) NOTICE OF RESOLUTIONS1,576 words
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Page 15 Advertisements
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Advertisement1535 2013-12-05 15 Vt WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HIGH POINT DEVELOPMENT PTE LTD (REGISTRATION No. *****6279M) (Incorporated in Singapore) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1 HarbourFront Avenue #18-01 Keppel Bay Tower S(*****2)1,535 words
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Page 16 Advertisements
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Advertisement13 2013-12-05 16 www.omy.sg SL BtWBSJfeBTM mm App Store USDS.99 Google Play S$7.99 {HUS: 3i#(«<3«4fe (j^.13 words
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Advertisement39 2013-12-05 16 GIVING BACK Women PRs and new citizens from Indian community raise funds and volunteer their time Aamir Khan on his toughest role ever GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)39 words
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Advertisement86 2013-12-05 16 BT LUXE CHRISTMAS 2013 Venetian Luxe RESORTS PHOTO: AMAN Fancy a drink with royalty as you spend a night at the Aman in Venice? BT Luxe Christmas meets an Italian count and countess who live above a 16th century palazzo that they rent out to the Aman resorts group read86 words
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ENTERPRISE 50
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Article, Illustration619 2013-12-05 18 / 19 MALMINDERJIT SINGH - By MALMINDERJIT SINGH msingh@sph.com.sg THE business environment may be getting more challenging, but the who’s who among Singapore’s entrepreneurs and business owners showed they could work hard and play hard. Winners both past and present their staff, family and friends turned up in full force forPHOTOS BY JOHN HENG - 619 words
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EDITORIAL & OPINION
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530 2013-12-05 20 EDITORIAL FOR a leader who is virtually assured of at least three more years of near absolute political power, Japanese Prime Minister Shinzo Abe gives the impression of being a man in a hurry to push through a political agenda that is looking530 words
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Article, Illustration636 2013-12-05 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group HOW often have you heard that America has the best government money can buy? Washington is overrun, it’s said, with fat-cat lobbyists whose lavish campaign contributions and insider connections manipulate the WhiteThe Washington Post Writers Group - 636 words
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Article, Illustration875 2013-12-05 20 SIMON JOHNSON - Authorities must have the political will to stand up to the powerful lobby of big banks By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management Project Syndicate NE of the great myths propagated by very large financial institutionsProject Syndicate; PHOTO: BLOOMBERG - 875 words
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Article, Illustration976 2013-12-05 21 THOMAS L FRIEDMAN - Could Bibi Netanyahu and Barack Obama share the 2014 Nobel Peace Prize? By THOMAS L FRIEDMAN NYT THE thought sounds ludicrous on its face, I know. The two do not like each other and have radically different worldviews. But as much as they keep tryingNYT; PHOTO: AP - 976 words
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Article, Illustration858 2013-12-05 21 ANTHONY ROWLEY - ANTHONY ROWLEY Tokyo Correspondent I DON’T wish to sound overly pessimistic or even melodramatic but this could be one of the last columns I write from a “free” Japan if the fears of growing numbers of legal, constitutional and other experts (notLUDWIG ILIO - 858 words
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580 2013-12-05 21 Vincent Khoo - LETTER TO THE EDITOR Vincent Khoo SINGAPORE Exchange (SGX) has plans to reduce the lot size of the ready market from 1,000 to 100 and then ultimately to one unit. Hopefully, this can be implemented quickly so that the580 words
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696 2013-12-05 21 JOHN GEE - By JOHN GEE John Gee is a Singapore-based freelance writer SAY the word “condominium” today, and the listener’s mind is likely to picture a large building or a flat within that building. But this is a modern usage. In the past, the term was696 words
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AVIATION
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Article, Illustration512 2013-12-05 22 NISHA RAMCHANDANI - Load factors show signs of bottoming out after a year of declines: Iata By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The global air cargo market continues gradual recovery with the industry posting 4 per cent year-on-year growth in traffic in October, asPHOTO: BLOOMBERG - 512 words
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Article, Illustration338 2013-12-05 22 AFP [SYDNEY] British billionaire Richard Branson yesterday waded into a dispute over the future of Australian carrier Qantas, urging the government not to “prop up the weak”. Mr Branson’s Virgin Group is a 10 per cent holder of Virgin Australia, theAFP; PHOTO: REUTERS - 338 words
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574 2013-12-05 22 Bloomberg [SEOUL] Asiana Airlines, the South Korean carrier that suffered a fatal jet crash in San Francisco in July, said it’s seeking “fundamental improvement” of its safety systems in an overhaul following the accident. The company will achieve that byBloomberg - 574 words
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Article243 2013-12-05 22 SGX '000 Dec 04 S$ +/-Vol Ch Offshore 0.43 -0.01 8 Chuan Hup Hldg 0.27 0.01 85 Cosco Corp 0.72 unch 783 Cwt Limited...............1.29 0.01 186 Ezra Hldgs 1.48 0.02 ***** First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd 0.43 K1Ventures................0.19 unch243 words
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187 2013-12-05 22 Reu ters [ISTANBUL] Malaysia Airports Holdings and TAV Havalimanlari are in separate talks with India’s GMR Infrastructure to buy its 40 per cent in Istanbul’s Sabiha Gokcen airport, sources said on Tuesday. Sabiha Gokcen is one of Istanbul’s two airports, located on theReuters - 187 words
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112 2013-12-05 22 Xinhua [PHNOM PENH] Cambodia’s national flag carrier Cambodia Angkor Air will start regular flights linking Cambodia to Shanghai from Dec 26, the airline said yesterday. It will operate six flights a week from Phnom Penh and Siem Reap to Shanghai usingXinhua - 112 words
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Page 22 Advertisements
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Advertisement11 2013-12-05 22 Chinese automotive brands To subscribe, call 6388-3838 or go to sphsubscription.com.sg11 words
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Page 22 Miscellaneous
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Miscellaneous353 2013-12-05 22 CRYPTIC CROSSWORD Across 1 Sea-sport star wearing red emerged from water again (10) 6 Centre of operations devoid of morality (4) 9 Woman was poorly on return journey (5) 10 Block of words soldier attached to chart (9) 12 How we count with energy concentrated (7) 13 Bird appearing before353 words
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Article1317 2013-12-05 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE1,317 words
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Page 23 Advertisements
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Advertisement50 2013-12-05 23 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II50 words
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SINGAPORE STOCKS
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Article2980 2013-12-05 24 Transaction date: Dec 4 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 15 11.5 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 188 106 AIMSAMPIReit 148.5 +1 2432,980 words
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Article229 2013-12-05 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller229 words
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Article11573 2013-12-05 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos! China Opportunities!' 1 9167/ 2 9184/ FM local Ccy Bond .0 8862/ European Opportunities!" 1.2733/ Global Emerging11,573 words
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Article262 2013-12-05 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 30.5 AVJennings A58 +1 1 58 58 57 59 3.6 6 4.7 214.7 52 31.5 Genting HK US$ US44.5 -1 ***** 46 44.5 44.5 45 2930.1262 words
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Article905 2013-12-05 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 113 2 113 113 112 113 515.8 143 127.7 CIMB APAC Div 100S$D 129 -0.6 1 129 129 128 128.5905 words
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FINANCE & COMMODITIES
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Article728 2013-12-05 26 Dec 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.20 *****.36 *****.06 Dec13 *****.00 *****.00 *****.00 *****.00 *****9 *****8 Mar14 *****.00 *****.00 *****.00 *****.00 8640 ***** MSCI TAIWAN INDEX FUTURES SPOT 294.69 297.04 294.63 Dec13 296.30 297.30 294.10 296.80 ***** *****2 Jan14 294.10728 words
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373 2013-12-05 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 3 Index Change Change Change Change Change Change World Preliminary 1150.2 -0.7 22.6 -0.8 23.5 -0.6 20.4 EAFE Preliminary 931.2 -1.0 20.2 -0.9 19.1 -0.7 16.1 Europe Preliminary 1315.8 -1.6 14.7373 words
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Article471 2013-12-05 26 Dec 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.963 5.502 0.666 7.003 56.304 108.074 0.928 9.581 2.913 1.104 98.111 39.630 1.134 9.366 0.819 26.763 29.107 0.552 0.903 Canada 1.038 5.711471 words
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Article40 2013-12-05 26 Dec 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters40 words
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Article84 2013-12-05 26 Dec 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****E 30-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.66 5-Year N*****0T 0.5 01-Apr-18 99.14 10-Year NX*****H 2.750 01-Jul-2384 words
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Article138 2013-12-05 26 Dec 04 GOLD(US$/oz) Dec 04 Dec 03 Hong Kong 1224.00 1232.00 Dec 03 Dec 02 London 1223.30 1227.36 1223.90 1228.13 Source: Thomson Reuters CAST BAR Dec 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 110 49 5gm 313 245 10gm 560 490138 words
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Article57 2013-12-05 26 Dec 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2580.0 2606.0 2615.0 2580.0 55 1950 Jan 14 2612.0 2642.0 2647.0 2610.0 2614 ***** Feb 14 2621.0 2656.0 2662.0 2619.0 ***** ***** Mar 14 2624.0 2658.057 words
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Article155 2013-12-05 26 Dec 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1338 1.1345 0.9031 0.9034 Canadian dollar 1.1768 1.1776 0.9377 0.9374 Euro 1.7033 1.7041 1.3568 1.3570 NZ dollar 1.0272 1.0279 0.8182 0.8185 Sterling pound 2.0553 2.0566 1.6372 1.6377155 words
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Article109 2013-12-05 26 Dec 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1319.75 1321.25 1329.00 1311.25 Mar 14 1304.50 1306.00 1314.00 1297.50 May 14 1287.25 1287.50 1295.00 1280.75 Jul 14 1279.75 1278.75 1285.50 1272.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13109 words
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Article94 2013-12-05 26 Dec 3 COCOA (£/tonne) Close Prev High Low Dec 13 1735 1746 1746 1733 Mar 14 1752 1759 1761 1745 May 14 1749 1755 1757 1743 Jul 14 1745 1749 1751 1738 COFFEE(US$/tonne) Close Prev High Low Jan 14 1733 1658 1742 1658 Mar 14 1698 1628 1701 162994 words
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1128 2013-12-05 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 26.5 -1.5 28 0.0 5 -83 55 Asia-Pacific Strategic W*****6 0.4 1 123 326 72.50 5 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 3 Asiatic Grp(Hldgs)1,128 words
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Article68 2013-12-05 26 CRUDE OIL PRODUCTS Dec 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.55 1.59 WTI (Near Mth) 96.06 2.15 Dubai (1-Mth F) 107.14 1.69 Tapis blend 117.37 2.20 Minas 111.17 2.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.61 1.72 Jet Kerosene 127.75 1.43 US$/barrel OpecOil Basket68 words
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Article22 2013-12-05 26 Dec 4 S$ Bid Offer 1-month 1.2554 1.2558 2-months 1.2553 1.2557 3-months 1.2553 1.2557 6-months 1.2549 1.2554 Source: OCBC22 words
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Article66 2013-12-05 26 Dec-03 Dec-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1694.00 1696.75 3 months 1739.00 1742.50 Copper, Grade A(US$/tonne) Cash 6951.25 6970.00 3 months 6960.00 6975.00 Lead(US$/tonne) Cash 2039.75 2042.00 3 months 2064.00 2067.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months66 words
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Article121 2013-12-05 26 As at 9am Dec 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.200 1.154 Euro 1.744 1.661 Sterling pound 2.093 2.013 NZ dollar 1.053 1.013 US dollar 1.279 1.219 Local dollars to 100 units of foreign121 words
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Article157 2013-12-05 26 Dec 4 $S Offer Bid 0vernight 0.10 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.20 0.10 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12157 words
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PROPERTY
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Article, Illustration1406 2013-12-05 27 It’s assembled what is ‘basically a simple, high-quality national industrial portfolio’ Bloomberg [CHICAGO] Blackstone Group LP is in the spotlight as it prepares a record stock offering for the Hilton hotels chain. Its success building one of the nation’s biggest warehouse landlords has garneredBloomberg; PHOTO: AFP - 1,406 words
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201 2013-12-05 27 Bloomb erg [HONG KONG] Shui On Land Ltd, controlled by Hong Kong billionaire Vincent Lo, is selling a project in Shanghai for 3.32 billion yuan (S$683.2 million), the second asset sale by the developer in a week. Shui OnBloomberg - 201 words
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Article195 2013-12-05 27 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 30 AND DEC 5, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 10 NON-LANDED Gardenville Apt 30/10/2013 FH 1582 3200 2022 District 14 NON-LANDED Grandview Suites Apt 31/10/2013 FH195 words
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919 2013-12-05 28 Optimism over Vietnam property with caveats Local banks saddled with bad debts linked to speculative property investments NYT [HO CHI MINH CITY] Dinh Thien Thien’s barbecue business bloomed just as Vietnam’s property market wilted. It was not a coincidence. In 2010, Mr Thien said, he rented an empty lot downtownNYT - 919 words
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176 2013-12-05 28 Reuters [JAKARTA] Lippo Group expects property sales growth to slow to 15 per cent in Indonesia next year, down from 25-30 per cent in 2013 and in line with a slowdown in the economy, the chief executive of Indonesia’s biggest property developerReuters - 176 words
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Article, Illustration818 2013-12-05 28 New company Scentre Group will own malls in Australia, New Zealand Bloomberg [SYDNEY] Westfield Group, Australia’s biggest mall operator, plans to split its domestic and international businesses, advancing a separation of assets that began three years ago. Westfield Group, which jointly owns malls inBloomberg; PHOTO: BLOOMBERG - 818 words
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435 2013-12-05 28 Bloomberg [SHANGHAI] InterContinental Hotels Group plc, the world’s largest provider of hotel accommodation, plans to open “at least the same” number of hotels in China next year as 2013, even as growth in room revenue slows. The hotel operator, which also runs the Holiday InnBloomberg - 435 words
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Advertisement148 2013-12-05 27 Knight Frank Property Auction 11 December 2013, Wednesday 2.30pm Amara Hotel, 3rd Level Industrial #03-01 Eldix D25 #02-06 Novelty Biz Ctr D13 #03-10 Northpt Bizhub D27 #03-11 Northpt Bizhub D27 Commercial 13 Upp Circular Road D01 #B1-11 Thomson V Two D20 Residential 49 Blair Road D02 #35-05 76 Shenton D02148 words
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Advertisement213 2013-12-05 27 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus long-term asset appreciation~ Singapore Commercial Buildings in business district with 3-4% returns Bulk sale of Luxurious Residential213 words
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Advertisement158 2013-12-05 28 FIABCI Prix d Excellence Award 2013 s i n a r a n w I rr •acs HI iiSS*5 THERE'S ALWAYS ROOM FOR MORE LUXURY AT THE TOP The penthouses of Soleil Sin a ran embody the very finest in ultimate luxury living. The desirability is further heightened by the158 words
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Advertisement44 2013-12-05 28 Singapore Tallest Residential Building Exclusive 181 Units Seamless flow to Tanjong Pagar MRT Integrated Development Living in the Clouds, Fantastic Views CALL NOW FOR APPOINTMENT Joe Leow: 9181 1212 (CEA Reg No: R*****0G) DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence No: L*****01G44 words
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