The Business Times, 24 June 2010
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2010-06-24
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The Business Times
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Title Section23 2010-06-24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, June 24,201023 words
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Article, Illustration634 2010-06-24 1 ARTHUR SIM - Bullish estimates trotted out at official IR opening By ARTHUR SIM [SINGAPORE] Marina Bay Sands (MBS) will be a huge money spinner with profit expected to exceed US$1 billion annually. And most of it will be generated by the casino. Speaking atPHOTOS BY ARTHUR LEE - 634 words
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940 2010-06-24 1 WINSTON CHAI - Regulator rebuts criticism, explains that such deals can hurt all players By WINSTON WINSTON CHAI Source: United Kingdom’s Office of Communications study, December 2007 [SINGAPORE] It is not a step back, it is the new norm. Singapore’s media regulator has finally broken its silenceSource: United Kingdom’s Office of Communications study, December 2007 - 940 words
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Article142 2010-06-24 1 ?ST INDEX 2,871.05 (-1.25) ?ST INDEX FUTURES 2,871 (-1) ?SIMSCI 340.58 (-0.20) ?SIMSCI FUTURES 340.70 (-0.20) FOREX US$ S$ US$ (S$ per US$) 1.386 (US$/S$ per 1.487 2.062 EURO (US$/S$/E) 1.229 1.704 Foreign currency per US$ S$ YEN 90.40 65.20 RM 3.232 2.331 HK$ 7.778 5.610 BAHT 32.38142 words
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Page 1 Advertisements
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Advertisement106 2010-06-24 1 COMPANIES Outlook for Asia-Pac Reits improves: poll PAGE 7 PROPERTY CCT may be close to selling StarHub Centre PAGE 2 BizIT Cloud to redefine telco business: IDC BT-NBS ROUNDTABLE Promoting sustainable growth PAGE PAGE 28 PATEK PHILIPPE Begin your own tradition. You never actually own a Patek Philippe. You merely106 words
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TOP STORIES
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Article562 2010-06-24 2 Billion-dollar baby to rake it in for Sands MARINA Bay Sands (MBS) will be a huge money spinner with profit expected to exceed US$1 billion annually. And most of it will be generated by the casino. Speaking at the official opening of MBS yesterday, Michael Leven, Las Vegas562 words
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Article, Illustration638 2010-06-24 2 KALPANA RASHIWALA - GuocoLand among short list of potential buyers of Cuppage Road property By KALPANA RASHIWALA [SINGAPORE] CapitaCommercial Trust (CCT) could be close to selling StarHub Centre, a 10-storey commercial building at Cuppage Road, say sources. The sources suggest that GuocoLand could be theJOHN HENG - 638 words
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620 2010-06-24 2 NISHA RAMCHANDANI - Morgan Stanley took several factors into consideration By NISHA RAMCHANDANI [SINGAPORE] Khazanah Nasional’s $1.18 billion partial offer for majority control in Parkway Holdings is reasonable but not compelling, according to the assessment by independent financial adviser Morgan Stanley. “Although the value implied by the offer620 words
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638 2010-06-24 2 NEIL BEHRMANN - By NEIL BEHRMANN THE emergency UK budget has raised risks for Asian and foreign investors because an expected downturn in the economy could cause sterling to depreciate. The budget strategy has been based on an “irrational fear of action by cred-it-rating agencies” to638 words
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Article, Illustration453 2010-06-24 2 [NEW YORK] Warren Buffett won his bet against France in the World Cup when the 1998 champions were eliminated by South Africa. France fell 2-1 to the host nation after drawing Uruguay and dropping 2-0 to Mexico. Berkshire Hathaway Inc hadAFP - 453 words
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Article, Illustration658 2010-06-24 4 GENEVIEVE CUA - The heaviest concentration of wealth, however, is still in the US By GENEVIEVE CUA [SINGAPORE] Wealth among millionaires in the Asia-Pacific region has surpassed Europe for the first time, even as the number of millionaires hits parity with Europe. The latest World Wealth Report bySource: Merrill Lynch/Capgemini Graphics adapted from AFP - 658 words
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Article, Illustration700 2010-06-24 4 [WASHINGTON] US lawmakers yesterday spared auto dealers from new scrutiny and neared agreement on trading limits for banks as they raced to complete the biggest overhaul of the financial rule book since the 1930s. The exemption for auto dealers that do700 words
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Page 2 Advertisements
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Advertisement14 2010-06-24 2 Fortis sets sights on Asian expansion, Page 6 More World Cup reports, Page 1814 words
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Page 3 Advertisements
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Advertisement204 2010-06-24 3 la "V v/, s LI7& > Jk t 1* A premier residence in Singapore's famed East Coast, Silversea offers stunning sea views and a vast selection of indulgent facilities. These include two 50-metre lap and leisure pools, infinity-edged dip pools, elemental spas and a lagoon pool landscaped with tropical palms204 words
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Page 4 Advertisements
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Advertisement128 2010-06-24 4 www.futurechina.sg fm' 1'j A* FL/R-RE Chitia SINGAPORE The FutureChina Global Forum 12-13 July 2010 Ritz-Carlton Hotel, Singapore Strategic Insights for Riding China's Next Decade Featuring insights and analyses from renowned personalities including Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG Fang Fenglei, Chairman, Flopu128 words
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Advertisement402 2010-06-24 4 Financial executives fear new regulations: study, Page 16 Notice to all shareholders of Parkway Holdings Limited (“Parkway”) from Integrated Healthcare Holdings Limited (“Integrated Healthcare”) INTEGRATED HEALTHCARE WISHES TO ALERT PARKWAY SHAREHOLDERS TO VOTE ON THE PARTIAL OFFER Shareholders should consider the Offer Document and the circular to be issued by402 words
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Page 5 Advertisements
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Advertisement274 2010-06-24 5 ll I E o grow. ancing. For completed commercial and industrial properties. For everyone. Looking to expand? Need new premises? Maybank Islamic Term Financing for completed Commercial Industrial Properties can offer your business what no other bank can: The certainty of a fixed selling price equivalent to a fixed rate274 words
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COMPANY NEWS
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Article, Illustration480 2010-06-24 6 NISHA RAMCHANDANI - Chairman sees huge opportunities and will use ‘right vehicle for growth’ By NISHA RAMCHANDANI FORTIS Healthcare took pains to highlight its strengths and established track record, even as Khazanah Nasional’s partial offer for a majority stake in Parkway Holdings was deemed non-compelling in theNG SOR LUAN/THE STRAITS TIMES - 480 words
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Article478 2010-06-24 6 CHAN YUPING - By CHAN YUPING CDL Hospitality Trusts (CDLHT) has raised about $196.4 million in net proceeds from its private placement of new stapled securities, pricing the units at $1.71 apiece, the lower end of an indicative range of $1.71 to $1.77. The gross proceeds of about $200478 words
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141 2010-06-24 6 MULTISTAR Holdings, a cash company, said yesterday that it has entered into a proposed reverse takeover deal to buy HealthTrends Specialists Pte Ltd and Subtle Senses Pte Ltd for a total of about $26 million via the issue of 866.66 million new shares141 words
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Article, Illustration418 2010-06-24 7 EMILYN YAP - Survey: more expect existing Reits to expand and new ones to be launched By EMILYN YAP THE outlook for Asia-Paci-fic real estate investment trusts (Reits) has improved significantly this year, going by a poll of property market players. More respondents expect existing Reits to expandBLOOMBERG - 418 words
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239 2010-06-24 7 CHEW XIANG - By CHEW XIANG THAILAND-listed Cal-Comp Electronics has made an exit offer to delist Avaplas Limited at 10 cents a share. Avaplas, a Catalist-listed precision engineering firm, is already 59 per cent owned by Cal-Comp. Avaplas chairman and chief executive Boone Quek, who owns 35.5239 words
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283 2010-06-24 7 FOR print advertising firms, nothing beats having publicity for their ads, and the Singapore Press Holdings (SPH) Ink Awards 2010 will give them just that. The awards aim to honour the best print advertisements published in any of SPH’s 17 newspaper titles. To be283 words
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175 2010-06-24 7 NICHOLAS YEO - By NICHOLAS YEO OFFSHORE and marine solutions provider EMS Energy has won a US$22.35 million engineering, procurement and construction (EPC) contract from a regional shipyard to design and build a ship transfer system. The delivery schedule is expected to be 14 months. The transfer system175 words
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Article, Illustration685 2010-06-24 8 TEH HOOI LING - It cites improving quality of the US recovery but warns of challenges MARKET VIEWS By TEH TEH HOOI LING ECONOMIC fundamentals remain solid in Asia and the likelihood of a dou-ble-dip recession is low, says Kelvin Tay, UBS’s chief investment strategist, Singapore Wealth Management Research. OneREUTERS - 685 words
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COMPANY BRIEFS
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74 2010-06-24 8 ABTERRA has proposed a 25-into-1 share consolidation exercise to cut the big swings in its share price in percentage terms. The company’s shares has traded between 4.5 cents and 5.5 cents for the month, and each half-a-cent movement translated to a change of 11.1 per cent74 words
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66 2010-06-24 8 INDIA-focused dry bulk player Mercator Lines said that it has won a four-year contract to transport 650,000 tonnes of coal annually for a state-owned company in Sri Lanka. The deal is expected to generate US$31 million in revenue over the period of the contract. Mercator66 words
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38 2010-06-24 8 FUXING China Group said it has received notification from China’s State Intellectual Property Office that its application for registration of the Super Durable Zipper patent to its name has been approved.38 words
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Article453 2010-06-24 8 JAMIE LEE - It is ‘overweight’ on high-yield corporate bonds By JAMIE LEE EQUITY markets have priced in lofty earnings estimates, which make stocks less favourable as an asset class when compared to high-yield corporate bonds, said Citi Private Bank’s global chief investment officer Richard Cookson. “Profit expectations453 words
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Page 6 Advertisements
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Advertisement229 2010-06-24 6 MULBERRY HOUSE LONDON E I > 13 en 3^ VI "4 r hi LAUNCH EXHIBITION i--m Sm n :rr r r si:'- I V- I kJ EXHIBITION Sat 26 th Sun llam-7pm Four Seasons Hotel, 20 tln Floor, Windows West, 190 Orchard Boulevard Prices From GBP 240,000 How Many Victorian229 words
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Advertisement282 2010-06-24 7 DBS 7; Your Asian Wealth Manager am seeking attractive opportunities in foreign currencies '/X": m 0 £5i«» W <Z> .-a in We are dedicated to helping you yield better returns of up to 4.70% p.a. Rake in potentially better returns with our Foreign Currency Fixed Deposits Now, you'll enjoy these282 words
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Advertisement1327 2010-06-24 8 adv 8TELECOM INTERNATIONAL HOLDINGS CO. LTD. (Incorporated in Bermuda on 5 January 2004 with limited liability) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of 8Telecom International Holdings Co. Ltd. (the “Company”) will be held at Gallery Hotel, 1 Nanson1,327 words
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SINGAPORE MARKETS
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Article, Illustration608 2010-06-24 9 R SIVANITHY - STI ends just one point lower as scepticism over US jobless recovery spills over to region on close links among markets STOCKS R SIVANITHY Senior Correspondent THREE days ago on Monday, China’s de-pegging of its currency brought the buyers out and sent the major indicesSource: Bloomberg - 608 words
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Article66 2010-06-24 9 Jun 23 VALUE CLOSE BT OB/OS 704.00 +57.00 BT CADI -*****.00 -3.00 BT 10-day MA -*****.00 +71.00 FTSE ST Mid Cap 692.42 -5.56 FTSE ST Small Cap 535.02 +2.05 FTSE ST All Share 707.61 -0.97 FTSE ST China Top 267.98 -1.30 FTSE ST China 293.06 +0.30 FTSE66 words
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Article57 2010-06-24 9 VOLUME Baker Tech 65,983,000 Genting SP 54,883,000 Golden Agri 53,179,000 Sunningdale 44,469,000 Healthway 43,045,000 Mermaid 35,461,000 Ellipsiz 34,310,000 China Env 29,884,000 Uni Envtech 28,905,000 Z-Obee Hldgs 25,687,000 VALUE($) Genting SP 62,748,160 UOB 53,744,045 OCBC Bk 53,711,160 Noble Grp 39,147,380 Keppel Corp 38,930,120 DBS Grp 37,233,236 SingTel 37,200,10757 words
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Article186 2010-06-24 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 1 0 0 0 7 8 1 Manufacturing 66 38 64 6 6 11 72 44 75 Commerce 18 21 17 3 3 2 21 24 19 Tpt/Stor/Comms 12 17 12186 words
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BROKERS’ TAKE
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Article309 2010-06-24 9 JAMIE LEE - Hospitality June 23 close: $1.77 PHILLIP SECURITIES RESEARCH, June 23 Compiled by JAMIE LEE CDL HT announced a proposed private placement to raise gross proceeds of approximately $150 million, depending on the upsize option, it would raise an addition $50 million. The placement security is309 words
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Article119 2010-06-24 9 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,964 15,964 62,630 62,630 Manufacturing 317,876 8,044 325,920 197,604 792 198,397 Commerce 90,868 9,328 100,196 100,678 3,086 103,764 Tpt/Stor/Comms 69,970 1,098 71,068 145,586 158 145,743 Finance 18,732 18,732 162,738 162,738 Construction 19,163 4,326 23,489 3,253119 words
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Article118 2010-06-24 9 Slofk n*nu* Close Cn.>ng« CJpWWIOiAJOi 2MiS ■•O.tf/U CdpmiLiiTd ►0,t)20 £ip«4fytoll 1300 *■0.0(0 CiwQ-x. ItWO .0,M0 CanrrM iBHliixt 1 54ft rPdtffl cies ci>v o.ueo r&N 5.f?H rB 030 liem mo SP 1 i50 <5>?klen Mfji i ft 545 UK UM SJJTW 1MB 35?<FJ <SZ10 JSH JO. 9110118 words
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Article, Illustration539 2010-06-24 9 CURRENCIES Reuters [NEW YORK] The US dollar was lower against the euro ahead of a decision on interest rates from the US Federal Reserve, while sterling rose sharply as investors continued to view the UK budget positively. The Fed is expected to keepReuters; AFP - 539 words
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Article107 2010-06-24 9 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 3142 156.6 3.7 DBXT S&P Short 10US$ 5317 121.9 1.7 OUE 1216 34.0 2.9 STXPO 100 1352 32.0 2.4 GLD 10US$ ***** 24.9 0.1 Great Eastern 1700 20.0 1.2 CityDev 1104 14.0 1.3 UOB 5.05%NCPS 100 ***** 10.0 0.1 Vicom 270 10.0107 words
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Article120 2010-06-24 9 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 4662-155.2 -2.3 DBXT MSEurope 10US$ 3809-138.6 -2.6 DBXT E50 10US$ 3586 -80.4 -1.6 DBXT MSJAP 10US$ 3548 -74.8 -1.5 DBXT SPASX200 10US$ 2769 -63.7 -1.6 DBXT MSAsExJp 10US$ 2782 -45.7 -1.2 JMH 3570 -44.3 -0.9 Jardine C&C 3042 -44.0 -1.4 DBXT FTVietnam120 words
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Article87 2010-06-24 9 Where S$ stands Jun 23 CHNG YR 2010 CLOSE FR Jun 22 S$ LOW S$ HIGH US$ 1.3865 -0.30 1.4219 1.3680 Euro 1.7023 -0.24 2.0153 1.6886 Pounds 2.0675 -1.70 2.2831 2.0003 A$ 1.2083 0.25 1.2960 1.1515 Yen* 1.5341 -0.58 1.5927 1.4467 Rupiah* 0.***** -0.41 0.***** 0.***** Baht* 4.2846 -0.2187 words
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Page 9 Advertisements
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Advertisement22 2010-06-24 9 The greatest luxury in life is time. Savour every second. BREITLING/or bentley ft-* r V I WWW.BREITLINGFORBENTLEY.COM BENTLEY MOTORS CHRONOGRAPH SGD 14,637.6022 words
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SINGAPORE NEWS
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269 2010-06-24 10 RACHEL SIM - Further monetary tightening may be on the cards By RACHEL SIM CONSUMER prices rose 3.2 per cent in May from a year ago to a 14-month high, due to higher costs of transport, housing and food. Against the previous month, the consumer price269 words
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297 2010-06-24 10 JASLENE PANG - About 76% of Singaporeans are positive about job prospects By JASLENE PANG CONSUMER confidence in Singapore improved in the first quarter of this year, placing Singapore among the 10 most confident nations globally, said the latest Nielsen Global Consumer Confidence Index. “Singapore consumers have297 words
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Article, Illustration554 2010-06-24 10 EMILYN YAP - Finance, accounting and banking staff ready to switch jobs for better pay: polls By EMILYN YAP FINANCE, accounting and banking firms in Singapore were among the first in the region to raise salaries after the economy started improving but many employees still feel554 words
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197 2010-06-24 10 JASLENE PANG - By JASLENE PANG THE Rotary Club of Singapore West (RCSW) launched a push for a million-dollar fund at its 50th anniversary dinner at the Conrad Centennial Hotel last night. It already has $700,000 and aims to raise another $300,000 to help197 words
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Article, Illustration186 2010-06-24 10 DISPLAYING its pulling power, Marina Bay Sands celebrated its official opening yesterday with a bevy of appearances by stars, including the legendary Diana Ross. Celebrations started early with a blessing ceremony and sounding of an auspicious gong. Special guests also walked the red carpet asARTHUR LEE; BLOOMBERG - 186 words
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370 2010-06-24 10 SAMUEL EE - Cat D and E see minuscule rises as Cat B falls slightly By SAMUEL EE PREMIUMS were largely unchanged in yesterday’s bidding exercise for certificates of entitlement, with only the small car and commercial vehicle categories witnessing significant upward price movements. The Category A370 words
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Page 10 Advertisements
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Advertisement76 2010-06-24 10 NEW ZEALAND PREMIUM PROPERTIES Evening Exhibition, call in for a casual chat on solid investment opportunities. Tonight 5pm 7pm. Exhibition, Level 57 Republic Plaza, 9 Raffles Place Ph 81 739 838 sales@nzpremiumproperties.com www.nzpremiumproperties.com TTT F'U C 1-TFIND THE ONES n THAT FIT! C •>j v R U ■> x Recruit76 words
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Page 10 Miscellaneous
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Miscellaneous24 2010-06-24 10 MM JACKPOT ft Do not bet illegally. RCB Reg No: *****0202G TODAY Sales close at 6pm Draw at 6.30pm at PoUllo CO SINGAPORE Ei24 words
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ECONOMY WATCH
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423 2010-06-24 11 Issue is likely to generate debate at G-20 talks this weekend AP [WASHINGTON] US President Barack Obama’s top economic advisers are urging America’s major economic allies not to sacrifice economic growth to efforts to trim budget deficits. Treasury Secretary Timothy Geithner and LawrenceAP - 423 words
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Article, Illustration504 2010-06-24 11 Reuters [NEW DELHI] Inflation in India is spreading and the central bank could raise interest rates before its scheduled policy review late next month to tame high prices, a top government official said yesterday. The federal government’s chief statistician Pronab Sen said core inflationReuters - 504 words
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292 2010-06-24 11 Reuters [SEOUL] South Korea’s president yesterday sounded upbeat on the economy, while the finance minister repeated a warning of a growing inflation risk, adding to market expectations for an interest rate rise soon. President Lee Myung-bak told a meeting of a presidential committeeReuters - 292 words
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522 2010-06-24 11 NYT [PARIS] The three largest European countries on Tuesday solidified their commitment to bank taxes before a summit meeting of the Group of 20 countries, where agreement on the matter is far from assured. In a joint letter, the finance ministries ofNYT - 522 words
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Article, Illustration793 2010-06-24 11 Reuters [WASHINGTON] The Group of Eight is losing relevance as faster-growing rivals such as China and Brazil play a larger role in managing the global economy, but it will still endure as a key forum for traditional industrial powers. Meeting in Huntsville, CanadaReuters; REUTERS - 793 words
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Page 11 Advertisements
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Advertisement117 2010-06-24 11 I Asian Investor Asian Investor 2009 AWARDS 2010 Tokio Marine Asset Management International Pte. Ltd Asia ex-Japan equity Tokio Marine Asset Management International Pte. Ltd Asia ex-Japan equity Winner Tokio Marine Asset Management International Pte. Ltd Asia ex-Japan equity for the second consecutive year We are very honoured to be117 words
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MALAYSIA/INDONESIA
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Article, Illustration450 2010-06-24 12 PAULINE NG - Primus is seeking RM1.1b in damages if Hong Leong deal goes through By PAULINE NG PRIMUS Pacific Partners wants to make the board of EON Capital legally liable if a proposed takeover of the company by Hong Leong Bank (HLB) is approved byBLOOMBERG - 450 words
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Article, Illustration451 2010-06-24 12 Bloomberg [JAKARTA] Capital inflows pose a bigger risk to Indonesia than inflation, and may prompt the central bank to introduce more measures to reduce short-term money even as it delays inte-rest-rate increases, Morgan Stanley said. “Inflation has been more benign than expected because ofBloomberg; REUTERS - 451 words
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338 2010-06-24 12 Reuters [KUALA LUMPUR] Swiss retailer Migros will not cut palm oil supply contracts with Malaysia’s IOI Corp and will work together with the planter to address allegations of illegal land seizures raised by activists. The allegations surfaced after a MalaysianReuters - 338 words
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304 2010-06-24 12 AFP [KUALA LUMPUR] Malaysian carmaker Proton said on Tuesday that it was in talks with an Indian carmaker to manufacture Proton cars in a bid to break into the sub-continent’s booming small-car market. Proton also said it will partner Lotus, the UK high-endAFP - 304 words
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Page 12 Advertisements
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Advertisement161 2010-06-24 12 PROPEL YOUR BRAND TO A NEW LEVEL SPBA 2010 OFFICIAL FAUNCH 2 JULY 2010 FRIDAY 9.00AM SPH NEWS CENTRE AUDITORIUM Jointly organised by The Association of Small and Medium Enterprises and Lianhe Zaobao, the Singapore Prestige Brand Award (SPBA) honours brands that have been effectively developed and managed through key161 words
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Advertisement65 2010-06-24 12 Hurry! ONLY 800* SPOTS LEFT Register this Saturday (June 26) at The Singapore Flyer, Sky Deck (carpark rooftop) Time: 11am to 8pm Fee: $10 per participant the new paper BigWalk Registration closes when all slots are taken with The New Paper masthead for that day $2off off $1 with Anlene65 words
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GREATER CHINA
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579 2010-06-24 13 Report says that would represent a price-to-book multiple of 1.7 times Reuters [SHANGHAI] Agricultural Bank of China will price the Hong Kong part of its likely record US$23 billion initial public offering (IPO) at no less than HK$2.80 a share, a topReuters - 579 words
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410 2010-06-24 13 Reuters [BEIJING] China will scrap tax rebates to exporters of dozens of commodities including key steel products, corn starch, rubber products and ethanol, the finance ministry said, while they also face a rise in the yuan. The decision has disappointed localReuters - 410 words
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Article, Illustration653 2010-06-24 13 No resolution in sight at strike-hit car parts supplier Reuters [TOKYO] Japanese auto giants Toyota and Honda said that key factories in south China halted work yesterday after a strike at a parts supplier, as worker discontent continued to jolt the industry andReuters; REUTERS - 653 words
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Page 13 Advertisements
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Advertisement360 2010-06-24 13 Pheim ASEAN Emerging Companies Growth Fund Ltd* w Ranked by Morningstar in terms of total returns in US Dollars as at May, 2010, for 1- to 15-year (except 6th 7th year) periods for the Morningstar Category ASEAN Equity Funds. *This Fund started slightly more than 15 years ago; cumulatively, it360 words
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INDIA
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501 2010-06-24 14 Since 2000, Indian companies have announced US$70b of M&A deals AFP [MADRID] The pursuit of technology is driving the growing number of foreign acquisitions by Indian firms as much as the search for new markets, top Indian business leaders told a conference inAFP - 501 words
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Article, Illustration353 2010-06-24 14 Former Olympians want IOC to intervene AFP [NEW DELHI] Indian former Olympians launched a crusade yesterday to improve the governance of sports in the country, training their guns on New Delhi’s 2010 Commonwealth Games organiser Suresh Kalmadi. The group, led by former hockey captain Pargat Singh,AFP; AP - 353 words
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406 2010-06-24 14 Bloomberg [MUMBAI] India has introduced a tender process for legal advice on its 400 billion rupees (S$12 billion) asset sale programme that allows more law firms to participate, Disinvestment Secretary Sumit Bose said. India’s top 15-ranked firms for fund raising inBloomberg - 406 words
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Page 14 Advertisements
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Advertisement2636 2010-06-24 14 WATS NOTICES BUY IT-SELL IT Toll free: 1800-289-8822 Email: notices@sph.com.sg MERCATOR LINES (SINGAPORE) LIMITED (Company Registration No. *****7205N) (Incorporated in the Republic of Singapore) MERCATOR NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mercator Lines (Singapore) Limited ("the Company") will be held at2,636 words
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Advertisement1636 2010-06-24 15 AAVVAPLAS (Compan RegistrationNo:*****1788C) (Incorporated theRepublic Singapore) CAL-COMP ELECTRONICS (THAILAND) PUBLIC COMPANY LIMITED (Compan RegistrationNo:**********023) (Incorporated Thailand) JOINT ANNOUNCEMENT PROPOSED OLUNTAR DELISTINGOF APLAS .1 1. INTRODUCTION AAvaplasLtd(the~~~ ~Company andCal-CompElectronics(Thailand)PublicCompanyLimited(the~~~ ~Offeror wish announcethatPrimePartners CorporateFinancePte.Ltd. ~PPCF haspresented,forandbehalf theOfferor formalproposal(the~~~ ~Delistin Proposal ))t ot to theBoard Directors fo f of theCompany(the~~~ ~Board ))t ot1,636 words
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ASIA-PACIFIC/WORLD
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456 2010-06-24 16 ANTHONY ROWLEY - But the recommendation made has mixed reviews, as the fund is a heavy investor in govt bonds By ANTHONY ROWLEY JAPAN’S main state pension fund should consider dividing its massive financial assets into separate groups that invest in safe assets such as456 words
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Article, Illustration527 2010-06-24 16 Rules aim to prevent a recurrence of the 2008 financial crisis AP [NEW YORK] Financial services executives believe proposed financial oversight legislation will have a negative impact on their businesses, according to a new study from KPMG LLP. The annual business climate survey conductedAP; AFP - 527 words
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575 2010-06-24 16 0.07% liabilities tax less than 0.15% mulled by US Bloomberg [LONDON] UK Chancellor of the Exchequer George Osborne said that lenders need to share the pain of tax increases as he announced a levy on lenders’ balance sheets. Investors and analystsBloomberg - 575 words
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Article, Illustration771 2010-06-24 16 Reuters [SAN FRANCISCO] The White House is set to step up its legal battle to keep deepwater drilling on hold in the Gulf of Mexico after oil companies persuaded a US judge to overturn a six-month ban. Interior Secretary Ken Salazar saidReuters; AP - 771 words
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901 2010-06-24 17 Beijing needs to back up loose currency with structural shifts in demand Reuters [WASHINGTON] China’s looser grip on its currency will not alter sluggish US or European growth prospects unless Beijing is prepared to assume the mantle of the world’s consumer of last resort.Reuters - 901 words
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Article, Illustration842 2010-06-24 17 A robust economic outlook may win him a second term Reuters [SYDNEY] It should be Prime Minister Kevin Rudd’s recipe for re-elec-tion: economic growth for 16 years, unemployment about half that of Europe and the United States, a strong housing market andReuters; AFP - 842 words
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Article, Illustration248 2010-06-24 17 Reuters [LONDON] Sotheby’s sold an Edouard Manet selfportrait for £22.4 million on Tuesday, a record for the artist but towards the lower end of pre-sale expectations of £20-30 million. The painting, one of only two self-portraits by the artist and the only one in private hands,Reuters; AFP - 248 words
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558 2010-06-24 17 Disclosures mark a shift in Japan’s corporate culture AP [YOKOHAMA] Japan is finally finding out who is getting the big paychecks, thanks to a new rule requiring disclosure of pay for executives receiving 100 million yen (S$ 1.5 million) orAP - 558 words
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326 2010-06-24 17 AFP [SYDNEY] The International Monetary Fund (IMF) yesterday gave “in principle” support for Australia’s proposed 40 per cent tax on mining profits, which has prompted a fierce response from the powerful industry. The IMF’s deputy head of tax policy Philip DanielAFP - 326 words
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Advertisement19 2010-06-24 16 世 http://south-africa-2010.omy.sg 网猜 Havaianas 礼 $1000 灵第 VODCAST PODCAST @Blog GALLERY 快 http://blog.omy.sg/south-africa-2010 Lingzhi@South Africa http://twitter.com/lingzhiSA201019 words
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Page 17 Advertisements
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Advertisement31 2010-06-24 17 tabla! THE OF THE INDIAN COMMUNITY f fc SAINA SHINES IN S'PORE MANIRATNAM Jewel 01 y Indian cinema 11/ V GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST31 words
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WORLD CUP
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Article, Illustration878 2010-06-24 18 USA top Group C with last-gasp win as England beat Slovenia 1-0 AFP Reuters [JOHANNESBURG] The United States sealed top spot in Group C at the World Cup yesterday with a 1-0 win over Algeria, while England’s World Cup campaign finally took offAFP; Reuters; AP, REUTERS - 878 words
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Article, Illustration872 2010-06-24 18 ROB HUGHES - By ROB HUGHES NYT [JOHANNESBURG] Spain dealt comfortably enough with Honduras at Ellis Park Stadium. But beating one of its former colonies, 2-0, is far from convincing proof that the Spaniards are anywhere near to being the potential world champions we thought they mightNYT; REUTERS - 872 words
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390 2010-06-24 18 RACHEL SIM - By RACHEL SIM AS interest in the World Cup intensifies, social networking sites are seeing a boom in local traffic as football fans move their match discussions online. The sites are benefiting from downstream traffic from official World Cup sites and that presents390 words
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Page 18 Advertisements
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Advertisement7 2010-06-24 18 T ft v\v iff I fl11 www.radio9l3.com7 words
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BT-NBS ROUNDTABLE
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Article, Illustration3351 2010-06-24 19 OVERVIEW BUSINESSES are facing increasing global pressure to pursue sustainable growth by managing stakeholders’ interests and the social, environmental and economic impact of their products, services, processes and other activities to achieve both financial and sustainable success. In fact businesses can turn this into an opportunity3,351 words
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EDITORIAL & OPINION
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Article496 2010-06-24 20 EDITORIAL THREE workers died, and 14 were injured, when the lorry they were travelling in skidded and overturned off the Pan-Island Expressway yesterday morning. So, with at least 17 people in the Toyota Dyna, there would have been more than a dozen men hanging on496 words
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Article, Illustration790 2010-06-24 20 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent FOR close to a year, Obama administration officials have resisted pressure from the US Congress to punish China for refusing to adjust its tightly controlled currency, the yuan. At the same time, US President Barack790 words
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Article, Illustration1113 2010-06-24 20 HELMAN SITOHANG - Even as volatility shook world economies, SEA equities have remained remarkably stable By HELMAN SITOHANG Helman Sitohang is the co-head of Investment Banking Department Asia Pacific, Credit Suisse A lot can change in a decade. 10 years ago, South-east Asia was still grappling withAFP - 1,113 words
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Article, Illustration1033 2010-06-24 21 ROSALIND CHEW - They work closely with the government, firms to enhance competitiveness and improve the lives of all workers By ROSALIND CHEW The writer is Associate Professor of Economics and Industrial Relations at Nanyang Technological University. She is author of Wage Policies In Singapore A Key to CompetitivenessAFP - 1,033 words
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Article, Illustration925 2010-06-24 21 WILLIAM PESEK JR - WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg LAST week was an interesting one to spend in South Korea. Not because of North Korea’s war threats, nor the triumphs and disappointments of South and North teamsBloomberg; AFP - 925 words
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Page 21 Advertisements
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Advertisement19 2010-06-24 21 This article is part of a series written exclusively for BT by faculty members of NTU’s Department of Economics19 words
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AVIATION
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310 2010-06-24 22 VEN SREENIVASAN - Figures confirm underlying strength of economic recovery: industry body By VEN SREENIVASAN [SINGAPORE] Preliminary figures for the month of May released by the Association of Asia Pacific Airlines (AAPA) show continued growth in both passenger and freight traffic. Reflecting the surprisingly robust310 words
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Article2986 2010-06-24 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836 0025 AZ39922,986 words
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Article447 2010-06-24 22 AFP [NEW YORK] Ten years after SkyTeam’s launch, the airline alliance is plotting further expansion in Asia and South America, executives said as they marked the anniversary on Tuesday. “There were four of us to begin with; 10 years later, there are 13; and we are expandingAFP - 447 words
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Article, Illustration667 2010-06-24 22 BA has separately agreed to reduce £3.7b pension deficit Bloomberg [LONDON] British Airways plc’s (BA) cabin-crew union will ballot members on further strike action after failing to reach a settlement with the airline in a 16-month dispute over pay and staffingBloomberg; AP - 667 words
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365 2010-06-24 22 Bloomberg [NEW YORK] OAO Aeroflot, Russia’s biggest airline, is retraining flight attendants, hiring stylists and updating its menu regularly to attract more passengers and distance itself from its Sovi-et-era image. “Aeroflot still breeds this misconception which is rooted in the Soviet era whenBloomberg - 365 words
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4164 2010-06-24 23 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.4,164 words
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Page 22 Miscellaneous
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Miscellaneous346 2010-06-24 22 CRYPTIC CROSSWORD Across 1 US city with scarcity of modern music? (6,4) 6 Plant being small died (4) 9 They keep hitting the floor and carpets may be ruined (3,7) 10 Deludes youngsters (4) 12 Desire is for keeping between wife and husband (4) 13 A pampered person’s about to346 words
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Page 23 Advertisements
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Advertisement34 2010-06-24 23 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? O O 1327 THE BUSINESS TIMES int. UUJIIMCJJ IIIVILJ SHIPPING TIMES34 words
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SHIPPING
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394 2010-06-24 24 Ankara also mulling creation of US$20b accident fund Reuters [ANKARA] Turkey will meet western oil majors on July 1 to discuss options for bypassing its congested straits used by shippers to transport oil from the Black Sea to international markets, government officialsReuters - 394 words
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Article276 2010-06-24 24 SGX '000 Jun 23 S$ +/-Vol CH Offshore 0.54 -0.01 194 Chuan Hup Hldg 0.27 unch 155 Cosco Corp 1.53 -0.01 ***** CWT Ltd 0.93 unch 252 Ezra Hldgs 1.93 -0.01 4030 First Ship Lea 0.40 0.01 715 Freight Links unch unch 0 Grand Banks unch unch 0276 words
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Article, Illustration570 2010-06-24 24 Despite a court order declaring their strike illegal, strikers still blocked ferries AP [ATHENS, Greece] Striking port workers were preventing hundreds of passengers from boarding ferries heading from Greece’s main port of Piraeus to Aegean holiday islands yesterday, despite a court order declaringAP; AFP - 570 words
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282 2010-06-24 24 Reuters [OSLO] Chemical shipping companies will suffer low rates for another 12 months as fresh tonnage ordered during the boom that ended in 2008 is slowly soaked up by the market, leading transporter Stolt-Nielsen told Reuters. Global trade plunged as recessionReuters - 282 words
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Page 24 Advertisements
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Advertisement29 2010-06-24 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement15 2010-06-24 24 Experienced shfp maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8754 2010-06-24 25 Transaction date: Jun 23 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 7.5 3148 8Telecom 16 +0.5 200 16 16 15.5 16.5 1.7 11.3 5.1 76.6 10 5.5 58348,754 words
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Article1622 2010-06-24 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 6 5 7 33.3 5.8 25 13 8538 t APStrategic 18 16.5 18 106.8 4 0.51,622 words
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Article9423 2010-06-24 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ APS Alpha Fund (USD)!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.6149/ Asian Credit Fund 1.2472/ Asian9,423 words
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Article727 2010-06-24 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 107 6389 ABF SG Bond ETF 109 111.6 116 497.6 883 620 CIMBAsean40 100US$ US854 -20 80 858 854 856 861 34.2 306727 words
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Article255 2010-06-24 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 27 6000 AVJennings A43.5 40.5 48.5 3.6 8 3.5 113.3 31 13 6017 Genting HK US$ US19.5 unch 7308 19.5 19 19.5 20255 words
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FINANCE & COMMODITIES
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374 2010-06-24 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 22 Index Change Change Change Change Change Change World Index Preliminary 820.1 -0.3 -1.5 0.2 -5.9 -0.4 -4.5 EAFE Preliminary 759.0 -0.9 -3.3 -0.5 -11.3 -1.1 -9.9 Europe Preliminary 1094.7 -0.8374 words
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Article180 2010-06-24 27 Jun 23 $S Offer Bid Overnight 0.05 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12180 words
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Article22 2010-06-24 27 Jun 23 S$ Bid Offer 1-month 1.3854 1.3872 2-months 1.3851 1.3869 3-months 1.3849 1.3867 6-months 1.3841 1.3859 Source: OCBC22 words
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Article132 2010-06-24 27 Jun 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1970 1.2330 Can dollar 1.3390 1.3550 Euro 1.6900 1.7100 NZ dollar 0.9680 0.9890 Sterling pound 2.0420 2.0660 US dollar 1.3780 1.3940 Local dollars to 100 units of foreign132 words
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Article33 2010-06-24 27 Jun 23 a*z< *qh 5«t 5TI Jun 2?;i Jun 3*-0,> 5uu t Tsiwv-sn Jun i«TQ; 27 > 1 267-?* AT* M- Vi f XI f»». Source: MF Global (S) Pte. Ltd33 words
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Article66 2010-06-24 27 Jun 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2457 2452 2459 2441 601 7391 Aug 10 2409 2409 2419 2397 2686 ***** Sep 10 2383 2384 2393 2371 7200 ***** Oct 10 2375 237566 words
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Article415 2010-06-24 27 Jun 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.3050 0 3125 Dec10 99.1950 0 1811 Mar11 99.1050 0 1971 Jun11 98.9800 0 2003 EUROYEN TIBOR FUTURES Sep10 99.6400 49 4085 Dec10 99.6450 0 1372 Mar11 99.6500 0 1906 Jun11 99.6500 99.6500 99.6500 99.6400 4415 words
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Article135 2010-06-24 27 Jun 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 364.0 363.5 363.8 78 Aug 10 345.0 345.0 345.0 70 Sep 10 325.0 Oct 10 310.0 Nov 10 308.0 Dec 10 306.5 Jan 11 306.5 Feb 11135 words
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Article95 2010-06-24 27 Jun 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 23.09.2010 0.31 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.74 103.77 103.77 5-Year N*****0N 1.375 01.10.2014 102.34 7-Year N*****0Z95 words
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Article105 2010-06-24 27 Jun 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 965.50 963.25 970.00 961.75 Aug 10 958.00 956.75 962.00 955.00 Sep 10 942.50 944.00 948.50 940.50 Nov 10 936.00 939.00 941.75 934.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.93 38.05 38.15105 words
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Article77 2010-06-24 27 CRUDE OIL PRODUCTS Jun 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.04 -0.46 WTI (Near Mth) 77.07 -0.35 Dubai (1-Mth F) 76.11 -1.60 Tapis blend 82.15 -1.30 Minas 81.05 -1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.66 -1.95 Jet Kerosene 90.10 -1.10 US$/barrel Opec Oil77 words
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2362 2010-06-24 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 6.00 47 4085 ASJ Hldgs W*****1 3 1 4 -7 2.50 20 2036 Advance SCT Ltd W*****9 0.5 1 87 2817 6.00 22,362 words
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Article465 2010-06-24 27 Jun 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.897 5.925 0.708 6.765 40.226 78.743 0.787 10.333 2.811 1.231 74.237 40.052 1.206 6.594 0.963 27.995 28.161 0.585 0.870 Canada 1.115 6.605465 words
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Article85 2010-06-24 27 Jun 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article170 2010-06-24 27 Jun 23 AqtmH 55 Uld nfUr Agaimt UK (Id Qflw SS'ir/S 10 w tr.ir or nintMcy, ilnlMr 1 U*« l.ilf* AMh jjtyfll r iffwttfwf) dqoMff J MW1 Vfiir a?roij liinu smi t fAlt t.iir: ft* W.Mhf IMMH M > rmuntt MHUI /WM' H. t 4*7 f UVdoltoi170 words
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Article132 2010-06-24 27 Jun 23 00* Cj niur'i U4rr7i U7 71 »u». ink}: »2U« 13MQ1 UM 41 IE* *j I1Q73 Source: Thomson Reuters CA51 BAA /lift V s»4inga Buyiirg >ia\, LMSH I'A/.tf UAJIS iW trllirry Miiymg i£, u fin 3ft M 2 fa V* 03 TO tlgrr IK® l Jtrr 35G«132 words
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Article73 2010-06-24 27 Jun 22 Jun 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1927.75 1930.00 3 months 1959.00 1961.00 Copper, Grade A (US$/tonne) Cash 6582.25 6576.00 3 months 6610.00 6604.00 Lead (US$/tonne) Cash 1803.75 1809.50 3 months 1828.00 1833.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)73 words
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Article84 2010-06-24 27 Jun 22 COCOA (£/tonne) Close Prev High/Low Jul 10 2516 2465 2520/2460 Sep 10 2405 2360 2420/2353 Dec 10 2285 2268 2298/2260 Mar 11 2243 2232 2261/2224 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1532 1538 1541/1518 Sep 10 1569 1573 1578/1550 Nov 10 1580 1583 1587/1565 Jan 1184 words
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BizIT
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Article, Illustration741 2010-06-24 28 AMIT ROY CHOUDHURY - Move to extend their role in cloud services is timely, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY THE pervasive adoption of cloud services will give telecom companies a once-in-a-generation chance to become the pre-eminent reseller of IT software and computing resources, according to ITSource: IDC Asia/Pacific Directions 2010 - 741 words
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565 2010-06-24 28 RAJU CHELLAM - By RAJU CHELLAM THE time is ripe for cloud computing and SaaS (Soft-ware-as-a-Service) to emerge from being just hype, and that’s a message coming from small- and me-dium-sized businesses (SMBs) and large enterprises alike. So says research house Gartner Inc. By year-end,565 words
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1006 2010-06-24 28 ADAM JUDD - There’s an urgent need to simplify things and collapse data centre architectures <yousay> By ADAM JUDD The writer is senior vice-president of Juniper Networks Asia Pacific THE Internet has become part of our lives faster than any technology in world history. So it’s1,006 words
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Article208 2010-06-24 28 CUSTOMER reach online is just not enough anymore, says Yahoo! EVP for customer advocacy Jeff Russakow. The key is to monetise that reach, says Mr Russakow, who was commenting on Yahoo!’s plans to develop mobile apps to reach the 1.5 billion-strong handset market. Speaking to208 words
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Page 28 Advertisements
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Advertisement23 2010-06-24 28 Lianhe Zaobao In line with global trend GMT upbeat about prospects for eco-f riendly wood To subscribe, call 6388-38B8 or go to sphsubscription.com.sg23 words
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Advertisement78 2010-06-24 28 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT78 words
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PROPERTY
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Article, Illustration435 2010-06-24 29 Both sufficiently strong to see through existing contracts, as conditions have stabilised Reuters [NEW YORK] US mall operators are holding retail tenants to their leases as the industry remains in waiting mode for growth to return, possibly not until 2011, a retail realReuters; AFP - 435 words
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1524 2010-06-24 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 01/06/2010 99 732 1976 2700 Marina Bay Residences Apt 27/05/20101,524 words
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392 2010-06-24 29 Bloomberg [TOKYO] DIC Corp’s pension fund, which manages 87 billion yen (S$1.3 billion) of assets, plans to invest in real estate at home and abroad for the first time since 2006. The manager of retirement savings for about 6,200 employees is takingBloomberg - 392 words
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Article, Illustration937 2010-06-24 30 Last month, 155,000 borrowers left, bringing the drop-out total to 436,000 AP [WASHINGTON] THE Obama administration’s flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the US$75AP; BLOOMBERG - 937 words
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Article, Illustration934 2010-06-24 30 Investors perceive risk amid political and social tensions Reuters [HAVANA] If Cuba plays it right, thousands of tourists could eventually be swinging their clubs at an 18-hole golf course overlooking the turquoise waters and golden beaches just east of Havana. TheyReuters; REUTERS - 934 words
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Article, Illustration518 2010-06-24 31 UMA SHANKARI - Its score remained the same while other markets improved theirs By UMA SHANKARI SINGAPORE has slipped two places to 16th in a ranking of the transparency of major real estate markets worldwide. The city-state’s position in the latest Global Real Estate518 words
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Article, Illustration180 2010-06-24 31 Xinhua [BEIJING] New commercial home prices in 36 major Chinese cities continued to climb month-on-month in May despite the government’s attempt to cool the property market, the National Development and Reform Commission (NDRC) said yesterday. Average new commercial home prices in 36Xinhua - 180 words
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Article, Illustration219 2010-06-24 31 Bloomberg [LONDON] Segro plc, the UK’s biggest owner of warehouses and business parks, agreed to sell £237 million (S$484 million) of assets to a joint venture with Aviva plc that owns properties near UK airports. The sale will boost theBloomberg - 219 words
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Page 29 Advertisements
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Advertisement44 2010-06-24 29 savills Get The Savills One-stop Advantage Move in the right direction with our Resi|ential Sales, Leasing Property Managem Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636. savills.com44 words
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Page 30 Advertisements
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Advertisement220 2010-06-24 30 BULK SALE: Up to 40% DISCOUNT D.09 PRIME FREEHOLD RESIDENTIAL SPACIOUS 3 4 BDRMS NEARBY SCOTTS ORCHARD ROAD TOP Soon COMMERCIAL BUILDINGS FOR SALE CBD FREEHOLD ROBINSON RD. D.07 FREEHOLD MIDDLE RD D.09 FREEHOLD MARTIN RD NEXT TO MRT NEW RETAIL MALL NEAR REDHILL MRT CORPORATE BLDG Ijd International Property220 words
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Advertisement20 2010-06-24 30 WWaarrehouseforLease Goodlocation ong oad FloorArea:Appr 200,000sq CCeilingHeight:Appr metr per oor FloorLoad:Appr 20KN/m2222 •1 Loadingba withdoc eller Call onica 91 777520 words
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Advertisement36 2010-06-24 30 8 Nassim Hill Prestigious Address, 16 units only Freehold. Foreigners eligible Good investment value Immediate occupation Private pool lawn 4 5 bedrooms ensuites Size 3218 sq ft 5759 sq ft Viewing by appointment only. 9847 131136 words
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Advertisement74 2010-06-24 30 •Cove Drive *****/***** sqft. Full seaview berth. Wide frontage. Top quality. •Cove Drive *****/***** sqft. Full seaview. 40M frontage. 30M Pool. Park 8 cars. •Cove Grove *****/***** sqft. Unblocked seaview with Pte Berth. Rare. •Coral Island 6300/7000 sqft. Privacy. Pte berth, only $12.3M. •Treasure Island *****/***** sqft. Best of the74 words
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Page 31 Advertisements
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Advertisement211 2010-06-24 31 The Quillion Team The Luxury Properties Agent Bespoke Service: *****321/*****111 THE MOST PRESTIGIOUS PENTHOUSES Ardmore Pk Penthouse- Singapore most desirable address. Unrivalled location in Orchard. 8700sf of beautifully designed gracious living spaces, elegant bathroom with natural light, extensive terraces offering stunning views from its 29th floor The Claymore Penthouse-distinctive interior211 words
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Advertisement343 2010-06-24 31 <^0©DICIASSL FBLJNGAIiQ^SM Weqi$sKle binjaiWrk4 ej&m NQI 984| mm NemsmQf7ReQlt:i7Rl:?,UoJ Sole Marketing Agent BRAND NEW Binjai Park *****sqft/7000sqft Good Privacy 25m Lap Pool Renowned Designer*Ask$17.8M PLOT A Binjai Park *****sqft/*****sqft Flat Squarish Land 46m Frontage Ask $28M r^YfiOOsqft House PAYA LEBAR r SIMS AVE ESTARUBY Asking for $1100 psf\ GUILLEMARD RD343 words
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Advertisement139 2010-06-24 31 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg BSAIS FOH PIN MANSION RESIDENTIAL REDEVELOPMENT SITE savills C53 SUBJECT PROPERTY Freehold Land 3,173sqm (approx 34,154 sqft) Approved for 3-storey mixed landed development Close to Nex, Heartland Mall, Serangoon139 words
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Page 32 Advertisements
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Advertisement134 2010-06-24 32 Developer:CityviewPlaceHoldingsPteLtd(Co.Reg.No.*****6374D)•TenureofLand:99Yearsfrom31October2006•LotNo.:Lots1393W,2192T&1859X(Formerly1427X-PT)MK34atOceanWay•DeveloperLicenseno.:C0257•BuildingPlanApproval No.& date: A0905-*****-2007-BP01 (14 August 2007) A0905-*****-2007-BP02 (07 December 2007) A0905-*****-2007-BP03 (01 October 2009) A0905-*****-2007-BP04 (26 January 2010) Expected Date of TOP: 30 October 2012 Expected Date of Legal Completion: 30 October 2015 W International Inc., an affiliate of Starwood Hotels Resorts Worldwide, Inc. It is anticipated that the134 words
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