The Business Times, 5 June 2014

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Microfilm: NL33151
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 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, June 5, 2014
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  • Article, Illustration
    Lock icon FCL makes A$2.6b bid for Australand
    753 1  -  Its proposed offer price of A$4.48 per security trumps bid from Stockland By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] Singapore developer Frasers Centrepoint Limited (FCL) is taking on Australia’s largest property player with a competing proposal to acquire Australand Property Group for A$2.6 billion (S$3
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,280.17 (-16.50) HST INDEX FUTURES 3,281.00 (-16.00) HSIMSCI 372.80 (-0.96) HSIMSCI FUTURES 372.40 (-1.50) US$ S$ US$ (S$ per US$) 1.258 (US$/S$ per 1.671 2.101 EURO (US$/S$/€ 1.361 1.712 Foreign currency per US$ S$ YEN 102.70 81.60 RM 3.234 2.571 HK$ 7.753 6.165 BAHT 32.66 25.97 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,865.20 -7.35 NIKKEI 225 15,067.96 +33.71 HANG SENG 23,151.71 -139.33 SET INDEX 1,449.40 -4.84 JAKARTA COMP 4,932.56 -9.59 MANILA COMP 6,766.57 -34.27 SEOUL COMP Closed SHENZHEN B 803.18 -4.62 MUMBAI IND 24,805.83 -52.76 10.30am EDT Change DOW 16,684.19 -38.15 NASDAQ 4,233.78 -0.30
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG INDONESIA 6.55 5.00 INDONESIA 15.135 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon IDA reports breach of SingPass accounts
    622 1  -  No evidence to suggest system was compromised By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Some 1,560 SingPass accounts had potentially been accessed without the users’ authorisation before June 2, and of these affected accounts, 419 have had their passwords reset, said the Infocomm Development Authority
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      151 1 MALAYSIA Understanding of syariah products still low: survey PAGE 10 COMMENTARY Getting wealth, power the private equity way PAGE 19 PROPERTY Fears of homes glut in China appear overblown PAGE 28 COMPANIES SGX eases rules for secondary listings PAGE 4 HK’s GoGoVan makes its app delivery in S’pore IPAGE 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon French bank Natixis’ big plan for Asia – going niche
      783 2  - French bank Natixis’ big plan for Asia going niche By ANDREA SOH By sandrea@sph.com.sg @AndreaSohBT [SINGAPORE] With its troubles largely over, French bank Natixis is out to gain a larger footprint in international markets, with Asia figuring prominently in its new three-year plan. But recognising the increased competition in commodity
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    • Article
      Lock icon East Asia’s local currency bond markets rebound
      630 2  -  But ADB sees China slowdown, Fed taper and ECB move to contain deflation as potential risks By ANTHONY ROWLEY in Tokyo LOCAL currency bond markets in East Asia have bounced back from the bout of nerves they suffered earlier from tightening global liquidity,
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    • Article
      Lock icon Passenger car COE premiums fall
      363 2  -  B)’ SAMUEL EE samue|ee@sph.com.sg [SINGAPORE] Premiums for passenger car certificates of entitlement (COEs) softened yesterday, with most prospective buyers adopting a wait-and-see attitude, said some motor distributors. A Category A COE, meant for cars below 1,600cc and 130hp, fell $2,499 to $63,190; a Cat B
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    • Article, Illustration
      Lock icon Asia territory spats damaging to trade: Eng Hen
      1052 2 Bloomberg [SINGAPORE] The risk of territorial disputes damaging trade in Asia is “very real” and the region must focus on shoring up economic links as well as security ties, according to Singapore Defence Minister Ng Eng Hen. “It’s completely artificial to think
      Bloomberg; PHOTO: AFP  -  1,052 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      442 2 FCL proposes A$2.6b bid for Australand FRASERS Centrepoint is taking on Australia’s largest property player with a competing proposal to acquire Australand Property for A$2.6 billion. FRONT PAGE IDA reports breach of SingPass accounts SOME 1,560 SingPass accounts have potentially been accessed without the users’ authorisation, and of
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    • Article, Illustration
      Lock icon HK’s GoGoVan makes its app delivery in S’pore
      663 3  -  App connects users to drivers of goods vehicles; SMEs are the main target B)’ RAPHAEL LIM raph|im@sph.com.sg [SINGAPORE] The advent of cab booking apps such as GrabTaxi has provided greater convenience for commuters. Now, a Hong Kong-based tech start-up is trying to
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    • Article
      Lock icon South America airlines not World Cup fans
      420 3  -  Business travellers may shelve plans to avoid the crowds By NISHA RAMCHANDANI By in Doha, Qatar nishar@sph.com.sg @Nisha_BT @Nisha_BT THE 2014 World Cup, which kicks off next week, may not be a cash bonanza for Latin American carriers as has been expected, with
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      51 3 7»iw CAR SHOE Patented in 1963 55® j x^t L i-S ;/.4vV >a V.> v .i, m j if*'**- ~"VfTjr— J. in r V fT m aJt.Jp I’t&i /> -.•j* SINGAPORE SHOP 1-26, LEVEL 1, ION ORCHARD Tel +65 6238 0142 MILAN ROME CAPRI FORTE DEI MARMI LONDON DUBAI HONG
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX may ease rules for secondary listings
      604 4  -  It is seeking views on a proposal to create two main tiers of oversight By KENNETH LIM kenlim@sph.com.sg@KennethLimBT THE Singapore Exchange (SGX) could make it easier for established global companies to seek a secondary listing on its bourse. The market operator announced yesterday
      Source: SGX  -  604 words
    • Article
      Lock icon Raffles United to make offer for Kian Ho
      473 4  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT RAFFLES United yesterday bought 73.2 million shares in mainboard-listed Kian Ho Bearings, representing a 31.27 per cent stake in the bearings distributor, from crane supplier Tat Hong Holdings in a married deal. This boosted the stake of
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    • Article
      Lock icon Commodities only bright spot for SGX in May
      360 4  -  By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT COMMODITY derivatives were the only bright spot for Singapore Exchange (SGX) in May, as trading volumes for securities and other derivatives continued to fall. The total value of securities traded last month fell 38 per cent year
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    • Article
      Lock icon CapitaLand’s loss could be FCL’s gain in Australand deal
      825 5  -  HOCK LOCK SIEW By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT WHAT does Frasers Centrepoint Limited (FCL) see in Australand Property Group that escaped CapitaLand? This must be a question on some market watchers’ minds after FCL said yesterday that it had submitted a
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    • Article, Illustration
      Lock icon Midas JV bags railway deals worth 3.5b yuan
      278 5  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT MIDAS Holdings yesterday announced that its joint venture company Nanjing SR Puzhen Rail Transport (NPRT) has won three metro train contracts worth a combined 3.5 billion yuan (S$711.9 million). The first contract, worth about 1.5 billion yuan,
      BT FILE PHOTO  -  278 words
    • Article
      Lock icon CapitaLand close to gaining 90% control of CMA
      374 5  -  68 Holdings says it controls 50.89% of HPL By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT CAPITALAND, which aims to take CapitaMalls Asia (CMA) private, is on the verge of gaining 90 per cent control just days before its extended offer closes on June 9.
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    • Article
      Lock icon Investors pile into bonds sold by smaller firms
      805 8  -  Analysts warn them not to lose sight of credit quality amid rush to debt By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT FED up with low interest rates, investors are snapping up bonds sold by smaller companies and some analysts are cautioning investors not
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    • Article, Illustration
      Lock icon S-Reits’ refinancing flexibility offsets high leverage risks
      412 8  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SINGAPORE-LISTED real estate investment trusts (S-Re-its) have good refinancing flexibility which offsets the risks associated with the sector’s high leverage, Fitch Ratings said in its report released yesterday. S-Reits have been able to sustain their high leverages or
      Source: Company reports, Fitch  -  412 words
    • COMPANY BRIEFS
      • Article
        Lock icon Vard Holdings wins Norwegian deal
        52 8 VARD Holdings has secured a contract to design and build one Anchor Handling Tug Supply (AHTS) vessel worth about 800 million Norwegian kroner (S$168 million) for Norwegian shipping company Rem Offshore. The delivery is scheduled from Vard’s Brattvaag yard in Norway in the first quarter
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      • Article
        Lock icon Asiasons buys out rest of Hub Media Group
        133 8 ASIASONS Capital has signed an agreement with Balhetchet Caesar Kevin to buy his 30 per cent stake in Hub Media Group for US$4.5 million. Asiasons already has a 70 per cent stake in Hub Media, also acquired from Mr Balhetchet last April,
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      49 4 HOT PROPERTY k iff. SpS? ?3M ear MRT. Immprti^ 00 2350/ 28 E 00rt 0 3/T? N Pk Greenery. Renovated. d ™g' sxr Ava 3 1 APARTMENTS FOR RENT Check this and many other properties in The Straits Times Classified now! THE STRAITS TIMES CLASSIFIED -BUY IT-SELL IT-FIND IT-
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      Lock icon Page 5 Advertisements Column 1
      188 5 Congratulations to Colben Energy Holdings (Maju Intan) Ltd and Maju Intan Biomass Energy Sdn Bhd, on the successful synchronisation of electricity generated from their Maju Intan Biomass Power Plant to the Malaysian power grid on 3 June 2014. The synchronisation is a milestone achievement and a significant step towards full
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI struggles to find foothold
      540 6  -  Index falls 16.5 points as cautious investors seek clearer economic theme STOCKS KENNETH LIM kenlim@sph.com.sg @KennethLimBT Correspondent SINGAPORE stocks fell yesterday as cautious investors remained in wait for greater economic clarity. Without a strong wind, the aimless market chased speculation about special situations, driving big
      Source: Bloomberg  -  540 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 4 VALUE CLOSE BT OB/OS 197.00 -98.00 BT CADI -*****.00 -100.00 BT 10-day MA -*****.00 +20.00 FTSE ST Mid Cap 767.65 -3.35 FTSE ST Small Cap 556.15 -1.84 FTSE ST All Share 798.92 -3.84 FTSE ST China Top 199.76 -1.55 FTSE ST China 228.35 -2.19 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      66 6 VOLUME W Corp 176,256,000 Advance SCT 157,052,000 Golden Agri-Res 85,515,000 Kian Ho Bearings 73,243,000 KLW Hldgs 68,644,000 STATS ChipPAC 57,002,000 Memstar Tech 55,363,000 Federal Int 28,747,000 HPH Trust USD 26,609,000 APAC Strategic 25,021,000 VALUE($) Ascendas Reit 55,964,782 DBS Grp 52,001,020 SingTel 48,691,650 Golden Agri-Res 48,188,840 UOB 42,694,482
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 2 0 0 0 4 8 2 Manufacturing 36 51 42 5 13 8 41 64 50 Commerce 19 21 20 0 9 3 19 30 23 Tpt/Stor/Comms 17 9 14
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    • Article
      Lock icon BROKERS’ TAKE
      911 6  -  Compiled by JOYCE HOOI United Envirotech June 4 close: S$1.33 OCBC Investment Research, June 4 UNITED Envirotech Ltd (UEL) recently posted a disappointing end to FY2014. Revenue of $202.3 million, up 9.3 per cent, was about 3.8 per cent above our forecast; the boost came mainly from the
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,319 29,319 62,373 62,373 Manufacturing 498,253 124,250 622,503 170,536 10,921 181,457 Commerce 170,337 70,490 240,827 102,553 8,790 111,342 Tpt/Stor/Comms 119,549 6,435 125,984 185,900 1,046 186,946 Finance 20,842 80 20,922 149,788 21 149,809 Construction 26,171 18,736
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.320 -0.070 CapitaLand 3.190 -0.010 CapitaMall Trust 1.990 -0.050 CityDev 10.23 -0.120 ComfortDelGro 2.420 +0.020 DBS Grp 16.99 +0.010 Genting Sing 1.345 +0.005 Global Logistic 2.720 -0.030 Golden Agri-Res 0.560 -0.010 HPH Trust USD 0.740 +0.005 HongkongLand USD 6.830 -0.170
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    • Article, Illustration
      Lock icon US$ touches 1-month high against yen
      524 6 CURRENCIES Reuters [LONDON] The US dollar hit its highest level in a month against the yen yesterday, reflecting a jump in US Treasury yields this week that has helped prod the currency to threemonth highs in trade-weighted terms. The Swedish crown was the biggest
      Reuters; PHOTO: BLOOMBERG  -  524 words
    • Article
      Lock icon RISES
      117 6 BY CENTS CLOSE UP DBXT EONIA 5US$ ***** 44.0 0.2 DBXT Nifty 10US$ ***** 39.0 0.2 Lyxor ThaiSET 10US$ ***** 21.4 0.1 Jardine C&C 4380 18.0 0.4 DBXT MSINDO 10us$ 1424 17.6 1.0 DBXT AUDCS 5SG$ ***** 17.0 0.1 STATS ChipPAC 61.5 12.5 25.5 Lyxor MS India 10US$ 1578
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -207.5 -0.6 JMH 400 USD 5988 -186.1 -2.4 DBXT AUD Bonds 5AU$ ***** -111.9 -0.5 Lyxor Indonesia10US$ 8761 -108.1 -1.0 JSH 500 USD 3560 -80.5 -1.8 DBXT iBoxxUSTr 5US$ ***** -65.4 -0.3 DBXT FTVietnam 10US$ 2683 -61.6 -1.8 SPDRS S&P 500
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      224 7 WORLD CUP SCREENING i i i 12-15 MARINA JUNE PROMENADE WWW.BEERFESTASIA.COM different wines s and whiskies -x WORKING HARD TO GET THAT 6-PACK? presents II oaoi/u M^ N I RS Beerfest Comedy Club Soak it all up at Beerfest Asia 2014! In between the various talks and workshops that we’ve
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      200 8 Always Be Discovering with The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France m Vv iiunMut WmSiKi vaik uFtut n itun ntKuniif k zrr ft CELl HU NCH y CELLAR WINE TASTING GUIDE M OA m R O C E Ss
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Understanding customer needs for a better credit card
      408 9  -  OCBC sees its cashback card helping to boost growth of annual billings By LESTER WONG lesterw@sph.com.sg OCBC Bank believes its new OCBC 365 cashback credit card will be its trump card in growing its annual billings at twice or three times the
      FILE PHOTO  -  408 words
    • Article, Illustration
      Lock icon Homegrown app eyes US debut with funds raised online
      590 9  -  Target is US$30,000 and they are a third of the way there By LISABELLE TAN lisatan@sph.com.sg A HOMEGROWN mobile app is on its way to becoming the first to break into the United States with an Americanised version powered by funds
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    • Article, Illustration
      Lock icon A metropolis beyond borders, cultures, currencies
      597 9 S’pore, Johor and the Riau Islands form the Sijori growth triangle Bloomberg [SINGAPORE] Darren Chin gave up a 15-minute train journey to his office in Singapore for a two-hour drive with a stop at passport control. The reason: By commuting from Malaysia, he can
      Bloomberg; FILE PHOTO  -  597 words
    • Article
      Lock icon Social payment company raises US$4m
      319 9  -  Chanrai, Golden Oriole join current investors in funding By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT SINGAPORE-BASED social payments start-up fastacash™ has raised US$4 million in “extended Series A” funding, in a round led by new investors Jagdish Chanrai, principal of the Kewalram Chanrai Group, and Golden Oriole
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon President Tony Tan in Batam today
        83 9 PRESIDENT Tony Tan Keng Yam is visiting Batam today at the invitation of Indonesian President Susilo Bambang Yudhoyono, who will host Dr Tan to dinner after their meeting. This informal get-together was proposed by Mr Yudhoyono when the two men met in Singapore last
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      • Article
        Lock icon August date for Africa-S’pore forum
        57 9 THE third Africa-Singapore Business Forum, organised by International Enterprise Singapore, will be held here on Aug 27 and 28. The forum aims to help African and Singapore companies to connect and identify joint business opportunities. Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will attend
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Understanding of Syariah products still lacking: poll
      471 10  -  Most Malaysian investors think they offer less capital appreciation By in PAULINE NG in Kuala Lumpur MALAYSIA’S Islamic capital markets may have seen rapid expansion over the years but a survey reveals that there is a pervasive lack of understanding of Syariah investments
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    • Article
      Lock icon 1MDB denies being a risk to KL’s credit rating
      432 10 [KUALA LUMPUR] 1 Malaysia Development Bhd (1MDB) says its debt does not pose any significant risk to Malaysia’s sovereign rating and stability. As a limited liability company, it poses limited risk to the government as a shareholder, 1MDB added. “The government
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    • Article
      Lock icon Jakarta aims for resumption of copper exports
      430 10 But deal on mineral export tax seen as unlikely this week Reu ters [JAKARTA] Indonesia’s chief economics minister was spearheading a series of high-level government and industry meetings yesterday, aiming to broker a deal with foreign miners to restart copper concentrate exports that
      Reuters  -  430 words
    • Article
      Lock icon Indonesia employer group seeks to cap wage hikes
      218 10 Bloomberg [JAKARTA] Indonesia’s main employer group is seeking to cap wage gains well below what authorities and unions have sought in recent years, raising the risk of labour disputes that would test the country’s next leader. The association, known as Apindo, wants
      Bloomberg  -  218 words
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      373 10 THE BIGGEST CAREER FAIR IS BACK AGAIN FREE BOOTH* AT STJOBS CAREER DEVELOPMENT FAIR 2014! REQUEST NOW LIMITED BOOTH AVAILABLE Be part of Singapore's biggest and most exciting event with job seekers, employers and training providers all under one roof. Here's your opportunity to recruit talents and attain high brand
      373 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon China rare earths clean-up may spur mining overseas
      727 11 Beijing’s new taxes, rules to lift prices, push more firms to start mining projects Bloomberg [MELBOURNE] The toxic time bomb set by China’s rare earths mining boom is set to boost the prospects for some of the US$12 billion of projects being
      Bloomberg; PHOTO: BLOOMBERG  -  727 words
    • Article, Illustration
      Lock icon Alibaba said to target Aug 8 IPO date
      505 11 Bloomberg [NEW YORK] There are two common interpretations for the word ba in Chinese. Literally, it can mean “eight”. Superstitiously, it denotes “fortune”. It’s no coincidence, then, that Alibaba Group Holding with back-to-back ba in its own name is targeting a US
      Bloomberg; PHOTO: REUTERS  -  505 words
    • Article
      Lock icon RBI policy-easing signal seen supporting bonds
      621 11 Optimism on the rise over coordinated anti-inflation moves Bloomberg [MUMBAI] The first policy easing signal by India’s central bank since Raghuram Rajan took charge will provide support to bonds after their best month in a year. Ten-year government yields will drop 20 basis points
      Bloomberg  -  621 words
    • Article
      Lock icon China media call for US tech firms to be severely punished
      484 11 Reuters [BEIJING] Chinese state media lashed out at Google, Apple and other US technology companies yesterday, calling on Beijing “to punish severely the pawns” of the US government for monitoring China and stealing secrets. US companies such as Yahoo,
      Reuters  -  484 words
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      322 11 Is your child confident of scoring an A/A* in PSLE Science? i Re9 s if What our tools can do for your child? Courses Workshops and Modules Conducted personally by authors of best-selling 'Science Mastery Series' guidebooks Alda Lim, Cedric Chai. Memorising facts alone is no longer enough for good
      322 words
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  • WORLD
    • Article, Illustration
      Lock icon Ferry disaster dominates Korean vote
      506 12 Reuters [SEOUL] South Koreans voted yesterday in regional and mayoral elections seen as a referendum on embattled President Park Ge-un-hye and her government’s handling of a ferry disaster that killed more than 300 people in April. The sinking of the ferry Sewol has sidelined traditional
      Reuters; PHOTO: REUTERS  -  506 words
    • Article, Illustration
      Lock icon More than 20m tourists likely in Greece in 2014
      785 12 AFP [ATHENS] Greece is hoping for a new tourism record this year, with arrivals likely to exceed 20 million, in a new sign that the country is winning back foreigners as the economy gets back on its feet. After a poor
      AFP; PHOTO: REUTERS  -  785 words
    • Article
      Lock icon Aussie economy gathers pace as exports surge
      465 12 But consumer surveys show a sharp drop in confidence Reu ters [SYDNEY] Australia boasted its fastest growth in two years last quarter as exports surged by the most since 1999, though the long-awaited revival may have already been endangered by a government crusade
      Reuters  -  465 words
    • Article
      Lock icon UK service sector grows faster than forecast in May
      319 12 Reuters [LONDON] Britain’s dominant services sector expanded faster than expected last month and hiring matched a 17-year high, according to a survey published yesterday that could add to debate at the Bank of England about when to raise interest rates. The
      Reuters  -  319 words
    • Article
      Lock icon Hermes wants rival LVMH to sell stake
      305 12 Reuters [PARIS] French luxury goods maker Hermes voiced its frustration at having arch-rival LVMH as its biggest external shareholder at its annual general meeting on Tuesday and once more called on the group to sell its stake. LVMH, the world’s biggest luxury group,
      Reuters  -  305 words
    • Article, Illustration
      Lock icon Brazil president defends World Cup plans
      607 13 She partly blames Fifa for the spiralling bill to host tournament AFP [BRASILIA] Brazilian President Dilma Rousseff has defended her government’s preparations to host the World Cup, the target of criticism over chronic delays and soaring costs. As Brazil rushes to finish stadiums and
      AFP; PHOTO: AFP  -  607 words
    • Article
      Lock icon Brazilians don’t want to host World Cup: poll
      359 13 WP [WASHINGTON] World Cups never entirely live up to their hype as transformative political events. The 2010 World Cup in South Africa didn’t quite turn “the tide on centuries of poverty and conflict” as South African President Thabo Mbeki predicted at the
      WP  -  359 words
    • Article, Illustration
      Lock icon Thai investors snap up local equities
      856 14 Move comes as foreigners divest US$1.1b in May Bloomberg [BANGKOK] When Thailand’s coup spurred foreigners to pull money out of the equity market late last month, the nation’s top-per-forming stock investors jumped at the chance to take the other side of the trade. BBL
      Bloomberg; PHOTO: BLOOMBERG  -  856 words
    • Article
      Lock icon Dai-ichi Life pays US$5.7b for US insurer
      488 14 Acquisition of Protective Life is the largest by a Japanese insurer Reuters [TOKYO] Japan’s Dai-ichi Life Insurance Co has agreed to buy US peer Protective Life for US$5.7 billion, the largest acquisition by a Japanese insurer, displaying its determination to grow overseas to
      Reuters  -  488 words
    • Article
      Lock icon Thai rice exports seen rising to 9m tonnes
      423 14 Absence of state buying scheme helps lower prices Reuters [BANGKOK] The Thai Rice Exporters Association yesterday said it expects the country to export nine million tonnes of rice this year, 20 per cent more than it previously estimated, as the absence of
      Reuters  -  423 words
    • Article
      Lock icon US firms resist global taxation reform
      629 14 AFP [WASHINGTON] Major US companies are pushing back against an effort to reform the global taxation system to prevent multinational businesses from exploiting differing national tax rules and loopholes. The influential Business Roundtable, a gathering of top US chief executives, said in a letter
      AFP  -  629 words
    • Article, Illustration
      Lock icon Russia left out of summit for first time in 17 years
      748 15 Move by G-7 nations is in response to Putin’s role in Ukraine crisis Reuters [BRUSSELS] The world’s leading industrialised nations were meeting yesterday without Russia for the first time in 17 years, leaving President Vladimir Putin out of the
      Reuters; PHOTO: AFP  -  748 words
    • Article
      Lock icon World Bank okays investment in Russia
      544 15 Move, despite lack of US support, is the first since Crimea is annexed Bloomberg [WASHINGTON] The World Bank approved an investment in Russia for the first time since President Vladimir Putin annexed Crimea, overriding opposition from Canada and despite lack of support from the
      Bloomberg  -  544 words
    • Article, Illustration
      Lock icon France warns US against big penalty on BNP Paribas
      669 15 AFP [PARIS] France, trying to minimise US penalties against BNP Paribas on charges of breaking sanctions, said on Tuesday that a reported US$10 billion fine was excessive and warned it could damage trans-Atlantic trade talks. The remarks from French Foreign Minister
      AFP; PHOTO: AFP  -  669 words
    • Article
      Lock icon German private sector continues to expand
      194 15 Reuters [BERLIN] Germany’s private sector expanded for the 13th straight month in May with services activity at its strongest in nearly three years, a survey showed, suggesting Europe’s largest economy is growing solidly. Markit’s final composite Purchasing Managers’ Index (PMI), which tracks growth in
      Reuters  -  194 words
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      Lock icon Eurozone hopes deflation won’t spoil recovery
      960 16 Low inflation seen prompting ECB to adopt negative interest rates today NYT [ATHENS] In her upscale three-storey beauty salon in a middle-class suburb of Athens, Doria Tsirigotis used to charge 30 euros for a haircut. But when a wrenching recession set in, her competitors
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      Lock icon Eurozone business growth eases in May
      370 16 Firms also cutting prices for the 26th straight month Reu ters [LONDON] Eurozone business growth eased in May and firms cut prices for the 26th straight month, a survey showed yesterday, likely underpinning expectations for the European Central Bank to loosen policy today. While
      Reuters  -  370 words
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      Lock icon Foreign online retailers may get India access soon
      554 16 Reuters [MUMBAI] Foreign online retailers such as Amazon and eBay may soon be allowed access to one of the world’s biggest and most price-sensitive markets. India could allow online retailers to sell their own products as early as next month, according to
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      Lock icon Lithuania ready to adopt euro from 2015
      518 16 Reu ters [BRUSSELS] Lithuania meets all the criteria for joining the euro, the European Commission said yesterday, clearing the way for the Baltic state to become the 19th member of the single currency from the start of next year. To adopt the euro,
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      Lock icon Philippines’ economic charter reform gains traction
      495 16 Reuters [MANILA] A campaign to revise economic provisions of the Philippine constitution, including opening up more sectors to foreign investors, is gaining traction, with a senior cabinet member the latest to throw his support behind the move. Foreign chambers of commerce and some members
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      2475 13 XYEC HOLDINGS CO., LTD. (Incorporated in Japan as a stock corporation (kabushiki Kaisha) with limited liability on 9 September 2005) (Registration No. 0104-01-*****8) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “AGM”) of Xyec Holdings Co., Ltd. (the “Company”) will be held at
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      46 13 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphdass.com.sg/notices Need a f T J room flat? IT f nH If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      488 15 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF IMT INTERNATIONAL MARINE TRADING PTE. LTD. Co. Reg. No. *****3424Z (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes of Corporate Representative at the Extraordinary General Meeting of IMT International Marine Trading Pte.
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      370 15 BNB Brothers Limited (In Voluntary Liquidation) Company No. (*****91) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 22nd May, 2014. The Liquidator is Ng Buang Pin of Blk 227,
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      221 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KS OILFIELD EQUIPMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTERED IN SINGAPORE) (CO. REG. NO: *****2360H) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the
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  • AVIATION/SHIPPING
    • Article
      Lock icon Curb pilot powers and improve tracking, says Emirates chief
      644 17 Iata says draft report on enhanced tracking options to be ready in Sept Bloomberg [LONDON] Airlines must take steps to improve tracking and to stop pilots deactivating communications systems, following the disappearance of Malaysia Airlines Flight MH370, the head of the
      Bloomberg  -  644 words
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      Lock icon Australia investigating possible MH370 witness account
      421 17 AFP [SYDNEY] Australia was yesterday investigating an account from a sailor who said she may have seen Malaysia Airlines Flight MH370 on fire, as officials said the hunt for the plane could involve diving into much deeper waters. The Australian Transport Safety Bureau (ATSB),
      AFP  -  421 words
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      Lock icon 2 shipping alliances involving Maersk, NYK get nod
      274 17 Reuters [BRUSSELS] European Union antitrust regulators have approved an alliance planned by world No 1 container shipping company AP Moller-Maersk and another that includes Japan’s largest shipping firm Nippon Yusen Kaisha (NYK) aimed at tackling excess capacity. Maersk unveiled the proposed tie-up
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    • Article
      Lock icon Security costs overwhelm New York port authority
      301 17 Bloomberg [NEW YORK] The Port Authority of New York and New Jersey, formed 93 years ago to manage marine terminals on the Hudson River, is increasingly operating as a security agency that runs bridges, tunnels and airports. Spending on policing has doubled since
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      Lock icon TRANSPORT STOCKS
      248 17 SGX '000 Jun 04 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 unch 10 Cosco Corp 0.72 unch 838 Cwt Limited 1.82 -0.02 1367 Vol First Ship Lea Grand Banks 0.26 -0.01 76 Jaya Hold Ltd 0.81 unch 641 K1Ventures 0.18 unch 1629 Keppel Corp 10.67 -0.03
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      Lock icon B747 facing swan song as era for jumbo jet ends
      411 17 New Air Force One fleet is its strongest sales prospect Bloomberg [CHICAGO] Boeing’s iconic 747 jumbo jet is gliding deeper into its twilight years, with a new Air Force One fleet offering the strongest sales prospect for a passenger model
      Bloomberg  -  411 words
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      Lock icon Airport problems not a big issue, says Brazil
      263 17 AFP [SAO PAULO] Brazil’s government on Tuesday played down problems with its ageing airports, many of which are being renovated even as the World Cup looms from next week. But with many projects running behind schedule, the government stressed the transport overhaul
      AFP  -  263 words
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  • Page 17 Miscellaneous
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      301 17 CRYPTIC CROSSWORD Across 1 Noticed train replaced coach (12) 8 Keep umpire before shower (7) 9 A French monsieur of French team turned straight (7) 11 Simple stone surrounded by gold before (7) 12 Urgent court session’s start for ushers (7) 13 Impulsive grass crossing good man (5) 14 One
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  • EDITORIAL & OPINION
    • Article
      Lock icon Abe setting the stage for ‘third arrow’
      469 18 EDITORIAL THE gaze of the world is fixed on Japan’s skies, waiting for the “third arrow” of Abenomics to streak across the firmament, heralding the arrival of a new era of economic deregulation. But change is beginning to happen at a different level,
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      Lock icon Time to be honest about our energy prospects
      859 18  -  THE BOTTOM LINE FRANK-JURGEN RICHTER The writer is founder and chairman of Horasis, a global visions community THE problem is not that there is not enough coal left underground; there is. But the task of lifting it, transporting it and using it
      859 words
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      Lock icon Paving the S’pore path to innovating professionally
      1125 18  -  This will make organisations more profitable and the Republic a truly smart city By THOMAS MENKHOFF The writer is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management University (SMU), and academic director of SMU’s
      PHOTO: SPRING SINGAPORE  -  1,125 words
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      Lock icon Getting wealth, power the private equity way
      997 19  -  But only if one has the connections to join a very large brand-name private equity fund that can use debt to skew returns for insiders By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of
      PHOTO: REUTERS  -  997 words
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      Lock icon Obama foreign policy less flashy but more effective
      1068 19  -  LEON HADAR Washington Correspondent SPOOFING the response by critics in Washington to US President Barack Obama’s foreign policy address to the graduating class at the US Military Academy at West Point last week, satirist Andy Borowitz added a post on The New
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      Lock icon Egyptian style of opposition
      596 19  -  By JOHN GEE The writer is a Singapore-based freelance writer EGYPT’S presidential election has ended with Abdel Fattah el-Sisi the general who overthrew elected president Mohamed Morsi victorious with more than 95 per cent of the vote. Unfortunately for him, this was on a turnout of
      596 words
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      Lock icon ‘Comply or explain’ does impose market discipline
      268 19 LETTER TO THE EDITOR WE refer to Mr Michael Dee’s article, “Offer for CMA is still undervalued” (BT, May 29). The article had made reference to MAS “guidelines” and suggested that “guidelines which have no meaningful enforcement or oversight should be eliminated”. We
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  • Article
    Lock icon SHIPPING TIMES
    1199 20 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 THE
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      80 20 Experienced sh;*p maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIILJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4113 21 Transaction date: Jun 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 13.3 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap 13.7 6.7 AIMS Property 13.7 +0.3 383 13.7 13.6
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      Lock icon SGX CATALIST
      452 22 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 32 23 t 3Cnergy 500 Last Vol Day 1.9 0.9 t Advanced Systems 1 +0.1 241 1 0.9 0.9 1 19.5 Last Quote Div
      452 words
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      Lock icon UNIT TRUST & FUNDS
      11179 22 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.57/ Asian Local Ccy SD Bond 1.25/ Aberdeen Asset Mat Asia Limited 0 9878/ Asian Smaller Cos!" China Opportunities USD!** Global Emerging Markets USD ....2.0297/ Global Opportunities USD 2 9083/
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      Lock icon GLOBALQUOTE
      236 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last Vol 343 191 TanChongInt HK332xd -5 495 335 330 332 335 9.7 3.2 3.3 6686.1 DISCLAIMER: All information is published “as is” without warranty of any
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      Lock icon SGX ETF
      1123 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119 108.3 ABF SG Bond ETF 115 21 115 115 114 115 525 137.5 119 CIMB APAC Div 100S$D 131.5 +0.1 131.5 131.5 131 132.5 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 23 Jun 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.41 *****.78 *****.21 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep14 *****.00 *****.00 *****.00 *****.00 1039 9865 MSCI TAIWAN INDEX FUTURES SPOT 326.52 327.23 325.81 Jun14 324.90 326.30 324.50 325.20 ***** *****2 Jul14 320.60
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jun 3 Index Change Change Change Change Change Change World Preliminary 1220.2 -0.2 3.0 -0.2 2.7 -0.3 3.1 EAFE Preliminary 972.0 -0.1 1.6 -0.1 1.7 -0.2 2.1 Europe Preliminary 1407.8 -0.4 3.9
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      Lock icon INTERBANK CROSS RATES
      471 23 Jun 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 5.797 0.681 7.190 54.958 109.943 0.952 9.492 2.999 1.102 91.284 40.694 1.166 10.003 0.832 27.892 30.284 0.555 0.927 Canada 0.987 5.719
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    • Article
      Lock icon SIBOR
      39 23 Jun 4 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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      Lock icon GOVERNMENT SECURITIES
      78 23 Jun 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.28 5-Year NX*****W 2.5 01-Jun-19 105.83 105.90 105.90 10-Year NX*****H 2.750 01-Jul-23 103.4 103.67
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    • Article
      Lock icon PRECIOUS METALS
      124 23 Jun 04 GOLD(US$/oz) Jun 04 Jun 03 Hong Kong 1252.00 1253.00 Jun 03 Jun 02 London 1244.53 1245.00 1245.08 1245.85 Source: Thomson Reuters Source: Reuters CAST BAR Jun 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 77 48 5gm 304 249 10gm
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    • Article
      Lock icon PALM OIL
      59 23 Jun 3 Jun 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2415.0 2440.0 2440.0 2405.0 219 1146 Jul 14 2410.0 2443.0 2445.0 2404.0 3173 ***** Aug 14 2403.0 2432.0 2434.0 2395.0 ***** ***** Sep 14
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      Lock icon INTERBANK CURRENCY RATES
      155 23 Jun 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1659 1.1665 0.9272 0.9276 Canadian dollar 1.1501 1.1509 0.9152 0.9147 Euro 1.7112 1.7118 1.3609 1.3612 NZ dollar 1.0580 1.0585 0.8414 0.8417 Sterling pound 2.1007 2.1013 1.6707 1.6709
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    • Article
      Lock icon CHICAGO BOT
      109 23 Jun 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1481.25 1500.50 1502.00 1475.00 Aug 14 1414.50 1427.00 1427.00 1407.50 Sep 14 1273.25 1282.00 1281.25 1265.25 Nov 14 1221.75 1229.75 1230.25 1214.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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      Lock icon LIFFE
      95 23 Jun 3 COCOA (£/tonne) Close Prev High Low Jul 14 1946 1945 1948 1935 Sep 14 1936 1932 1938 1925 Dec 14 1919 1915 1921 1908 Mar 15 1907 1906 1910 1898 COFFEE(US$/tonne) Close Prev High Low Jul 14 1895 1933 1943 1888 Sep 14 1913 1951 1962 1907
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1076 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 0.3 1 -54 3.92 49 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.1 unch 570 0.0 2 15 Asiatravel.com HoldingsW*****7 9.8
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Jun 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.23 -1.03 WTI (Near Mth) 102.78 0.42 Dubai (1-Mth F) 104.19 -0.89 Tapis blend 112.14 -1.15 Minas 107.54 -1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 -1.14 Jet Kerosene 116.87 -1.16 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 4 S$ Bid Offer 1-month 1.2574 1.2576 2-months 1.2574 1.2576 3-months 1.2573 1.2576 6-months 1.2572 1.2574 Source: OCBC
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      Lock icon LONDON METALS
      66 23 Jun-03 Jun-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1824.00 1806.50 3 months 1846.00 1838.00 Copper, Grade A(US$/tonne) Cash 6932.50 6919.00 3 months 6868.00 6845.00 Lead(US$/tonne) Cash 2114.25 2069.75 3 months 2136.00 2095.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Jun 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.191 1.135 Can dollar 1.174 1.129 Euro 1.753 1.670 Sterling pound 2.145 2.063 NZ dollar 1.086 1.045 US dollar 1.284 1.223 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 23 Jun 4 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article, Illustration
      Lock icon Mori plans 1t yen of central Tokyo projects
      633 24 Japanese developers are boosting investments in the lead up to the Tokyo Olympics in 2020 Bloomberg [TOKYO] Mori Building Co, Japan’s biggest closely held developer, has plans for projects in central Tokyo worth an estimated one trillion yen (S$12.25 billion) with partners
      Bloomberg; PHOTO: BLOOMBERG  -  633 words
    • Article
      Lock icon Househunt
      1156 24 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN APRIL 23 AND APRIL 29, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 23/04/2014 99 1141 2196 1925 District 2 NON-LANDED Altez
      1,156 words
    • Article, Illustration
      Lock icon Much-delayed Berlin airport a running joke
      843 25 There’s still no word on opening two years and millions of euros after planned inauguration date AFP [BERLIN] The opening of a new international airport to serve Berlin is now two years overdue and counting a multi-billion-euro planning disaster that’s become a running joke
      AFP; PHOTO: AFP  -  843 words
    • Article
      Lock icon Prologis’ Mexican Reit raises 7b pesos in IPO
      260 25 It is the first successful share sale there this year Bloomberg [SAO PAULO] Prologis Inc’s Mexico real estate investment trust raised about seven billion pesos (S$680 million) in its initial public offering on Tuesday, marking the nation’s first successful share sale of
      Bloomberg  -  260 words
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      Lock icon London Reit Workspace’s NAV soars
      289 26 Reuters [LONDON] Britain’s Workspace Group plc reported a 4 3 per cent jump in full-year net asset value as the landlord saw an increase in occupancy and charged higher rates in a recovering commercial property market. The real estate investment trust, which provides office spaces
      Reuters; PHOTO: BLOOMBERG  -  289 words
    • Article, Illustration
      Lock icon Heathrow’s £2.5b Terminal 2 off to smooth start
      753 26 Airport aims to avoid the chaos of T5’s opening that hit over 600 flights Bloomberg [LONDON] London’s Heathrow airport welcomed its first passengers to a £2.5 billion (S$5.3 billion) terminal yesterday, aiming to avoid the chaos of the last major opening and
      Bloomberg; PHOTO: BLOOMBERG  -  753 words
    • Article
      Lock icon RBS tightens home loans, following Lloyds example
      263 26 Income-based limits on mortgages, term capped at 30 years Reuters [LONDON] Royal Bank of Scotland (RBS) has followed rival Lloyds Banking Group in placing restrictions on mortgage lending to tackle rising British house prices. RBS, which is 81 per cent owned by the
      Reuters  -  263 words
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      Lock icon Fears of China housing glut ‘overblown’
      608 28  -  Urbanisation set to continue to drive fundamental demand for homes By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT FEARS of an oversupply of homes in China appear to be overblown, going by the views of developers and industry practitioners who spoke at the World City Summit yesterday.
      608 words
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      Lock icon New online tool provides clarity on rental deals
      235 28 Rental X-Value can estimate a home’s rental value [SINGAPORE] Tenants and landlords seeking clarity in rental transactions, especially during the peak rental season from May to August, may be able to find support in a new online pricing tool that aims to
      235 words
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      Lock icon Page 25 Advertisements Column 1
      372 25 HOLLAND ROAD SHOPPING CENTRE Ground Floor Strata Retail Units Fronting Main Road Freehold Strata Area: Approx. 12,260 sq ft (7 strata titles) Commands approx. 25% Share Value in MCST Next to Holland Village MRT Station Single Tenant: Cold Storage (Open 24 hours) Large catchment area with high foot traffic Foreigners
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      229 25 WALK TO AUSTRALIA'S LARGEST UNIVERSITY MONASH, MELBOURNE New Release! CAMPUS A p.a. Rent HI. Si BUILDINGS A, B &TOWNHOUSES SUCCESS BUILDING C NOW AVAILABLE Huge Stamp Duty Savings Attractively Priced Apartments are Fitted Out Choice of Colour Schemes Deposit f\Q/ I Balance Upon LJ /O Completion Est2016 Legal Fee Subsidy*
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      189 26 •W I Visit us at a-Ssr ,rTlU 9014 tn 20 June 201^ n-wCanrls. Singap Setting up a call centre??? All-Touch Cloud Call Centre Seeking Regional Partners onverged Solutions f No need to buy, subscription basis. From $985 month f Answer Calls from office, home or anywhere 'ith Internet f f
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      Lock icon Page 26 Advertisements Column 2
      320 26 Boat Quay LH 999 years Land: 3,460 sqft, GFA: 9,236 sqfl (approx.) Pagoda Street LH 99 years Land: 1,350 sqft, GFA: 3,500 sqft (approx.) Tanjong Katong Freehold Land: 5,175 sqft, GFA: 9,566/15,525 sqft (approx.) Amoy Street LH 999 years Land: 2,773/5,409 sqft, GFA: 8,000/16,211 sqft (approx.) Tras Street LH 99
      320 words
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      Lock icon Page 26 Advertisements Column 3
      109 26 FOR SALE Address No. 23 Chin Bee Ave, Singapore *****3 Property Description: A single-storey JTC detached factory with mezzanine floor, permitted for the purpose of manufacturing of food, drink, milk and sauce Land Tenure: 30 years leasehold commencing from 16 October 2000 Site Area Approx. 7,229.60 sqm (77,818.77 sqft) Total
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      Lock icon Page 28 Advertisements Column 1
      110 28 A dynamic city A bank renowned for innovation 50 remarkable years in Singapore X X < I te I 4 m ■ki From transport to property to commodities, J.P. Morgan has been at the forefront of many pioneering deals that have helped build today’s Singapore. For 50 years, we’ve enabled
      110 words