The Business Times, 23 December 2010
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2010-12-23
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The Business Times
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Title Section23 2010-12-23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, December 23,201023 words
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Article, Illustration688 2010-12-23 1 WINSTON CHAI - IDA move set to raise transparency, consumer protection and promote fairer competition By WINSTON CHAI [SINGAPORE] After a two-year deliberation, local authorities are pressing ahead with plans to raise consumer protection by outlawing the use of bait-and-hook tactics where telcos start charging unsuspectingBLOOMBERG - 688 words
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Article141 2010-12-23 1 GST INDEX 3,144.31 (+4.46) GST INDEX FUTURES 3,144 (+4) GSIMSCI 371.25 (+0.15) HSIMSCI FUTURES 371.30 (-0.40) FOREX US$ S$ US$ (S$ per US$) 1.310 (US$/S$ per 1.547 2.027 EURO (US$/S$/E) 1.313 1.721 Foreign currency per US$ S$ YEN 83.70 63.90 RM 3.132 2.390 HK$ 7.775 5.934 BAHT 30.18141 words
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462 2010-12-23 1 SAMUEL EE - Dealers taken aback by Cat B surge that comes weeks after $14,612 hike By SAMUEL EE [SINGAPORE] The COE premium for the big car category continued to climb strongly in the last bidding exercise of the year yesterday, this time to a 15-year high,462 words
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Page 1 Advertisements
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Advertisement64 2010-12-23 1 COMPANIES Financial One to delist with exit price of 48.5¢ PAGE 5 RIGBUILDERS Local shipyards enjoy rig bonanza PAGE 2 OPINION Does personality affect earnings? PAGE 21 BizIT S’pore in vanguard to embrace Cloud 2 PAGE 25 PROPERTY Capital Square may be put on the market soon PAGE 28 Office,64 words
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Advertisement10 2010-12-23 1 A new era of telco competition, Page 9 *****1 *****410 words
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TOP STORIES
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639 2010-12-23 2 JOYCE HOOI - US$400m deal for Sembcorp Marine; US$180m contract for Keppel FELS By JOYCE HOOI [SINGAPORE] Christmas came early for both of Singapore’s rigbuilders yesterday, with Keppel Fels and Sembcorp Marine announcing big rig deals on the same day. Sembcorp Marine’s Jurong Shipyard clinched a US$400639 words
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Article, Illustration664 2010-12-23 2 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Travel regained some semblance of normalcy as airports in Europe started to make strides in clearing the backlog of passengers left stranded after heavy snow forced flight cancellations for five consecutive days. At Changi Airport, only three flights wereREUTERS - 664 words
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711 2010-12-23 2 Reuters [SEOUL] South Korea yesterday announced land and sea military exercises including its largest-ever live-fire drill near North Korea in a big show of force just as tension on the peninsula was easing after Pyongyang’s attack on a southernReuters - 711 words
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Article66 2010-12-23 2 IN the story “CJ chides Beckkett for pursuing parallel suit in Indonesia” (BT, Dec 22), we said that Chief Justice Chan Sek Keong provided the grounds for an earlier decision by Justice Judith Prakash. We wish to clarify that the Chief Justice provided the grounds for the Court of66 words
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Article518 2010-12-23 2 Stiffer rules to keep telcos in line AFTER a two-year deliberation, local authorities are pressing ahead with plans to raise consumer protection by outlawing the use of bait-and-hook tactics where telcos start charging unsuspecting consumers after a free trial. From Jan 21, the Infocomm Development Authority of Singapore518 words
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Article, Illustration624 2010-12-23 4 EMILYN YAP - By EMILYN YAP [SINGAPORE] Pheim Asset Management Sdn Bhd (Pheim Malaysia) and its CEO Tan Chong Koay on Tuesday appealed against a High Court judgment which had found them involved in market manipulation. They maintain that their trades in United Envirotech (UET) aFILE PHOTO - 624 words
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723 2010-12-23 4 ANNA TEO - Still sunny but with wind, scattered showers ahead Rising inflation and rates worries temper execs’ economic expectations: poll By ANNA TEO [SINGAPORE] Just over half the executives polled in McKinsey’s latest global survey expect better economic conditions in their countries six months from now. That’s unchanged from the findings three723 words
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532 2010-12-23 4 Reuters [HONG KONG] Cheung Kong (Holdings) Ltd, the property flagship of billionaire Li Ka-shing, plans to launch the first yuan-denominated share offering in the city next year, a further step in China’s efforts to make the yuan a global currency. Hong Kong, which has raisedReuters - 532 words
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Article, Illustration408 2010-12-23 4 Bloomberg [NEW YORK] The Standard Poor’s 500 Index has reached “overbought” levels after surging 6.3 per cent this month and may be heading for losses early next year, according to technical analysts at UBS AG. The benchmark gauge for US stocksBloomberg; AFP - 408 words
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Page 2 Advertisements
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Advertisement1220 2010-12-23 2 WATci LEAD WEALTHY INVESTMENTS (SINGAPORE) PTE. LTD. (Incorporated in the Republic of Singapore with limited liability) (Company Registration No. *****6459M) NOTICE PURSUANT TO SECTION 76(10)(h) OF THE COMPANIES ACT, CHAPTER 50 OF SINGAPORE NOTICE IS HEREBY GIVEN pursuant to section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the1,220 words
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Page 3 Advertisements
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Advertisement255 2010-12-23 3 sky orchard I n e boulevard I N: V it 9S3::? J rt *k r 1 A AN ARTICULATION OF SPACE. A MASTER'S TOUCH. Pritzker Architecture Prize Laureate Fumihiko Maki's vision for Skyline Orchard Boulevard is simple, yet profound. Interior spaces are carefully articulated to awaken your imagination while every255 words
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Advertisement487 2010-12-23 4 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 7 YEARS (NON-BENCHMARK) TOTAL AMOUNT OFFERED SGD 1,100,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** NIL ISSUE CODE NX*****W (REOPENED) ISIN CODE SG7S*****612 ISSUE DATE/SETTLEMENT DATE 3 JANUARY 2011 MATURITY DATE* 1 JUNE 2019 COUPON487 words
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Advertisement24 2010-12-23 4 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.24 words
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COMPANY NEWS
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Article, Illustration825 2010-12-23 5 LYNN KAN - After SGX delisting, it plans to relist in Taiwan or elsewhere in Asia next year By LYNN KAN TAIWANESE lender Financial One Corp will delist from the Singapore Exchange (SGX) with an exit price of 48.5 cents per share for825 words
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502 2010-12-23 5 PAULINE NG - By PAULINE NG CAPITAMALLS Asia (CMA) plans to acquire Queensbay Mall Penang’s largest for slightly under RM652 million (S$273 million) from Malaysia’s CP Group helmed by businessman Tan Chew Piau. The purchase will be undertaken through its subsidiaries and an asset-backed securitisation502 words
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308 2010-12-23 5 CHEN HUIFEN - By CHEN HUIFEN MARKING the change in shareholding control, members of Thomson Medical Centre’s founding family have retired from its board, giving way to a new set of directors, none of whom are physicians. In a filing with the Singapore Exchange, Thomson Medical308 words
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Article255 2010-12-23 8 JOYCE HOOI - By JOYCE HOOI STX OSV is taking full control of its Vietnam unit by buying up the remaining 30 per cent stake in STX OSV Singapore Pte Ltd that it does not already own. It will buy the stake for about $6.6 million from255 words
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470 2010-12-23 8 KAREN NG - Positive analyst reports may have helped boost its price this month HOT STOCKS By KAREN NG CUP noodle manufacturer Conscience Food’s share price and trade volume have been soaring this past month, possibly due to positive analyst reports issued after a site visit to470 words
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323 2010-12-23 8 LYNN KAN - By LYNN KAN PROPERTY developer Tuan Sing Holdings is back in the spotlight. Following a Business Times commentary about the company, its shares yesterday shot up by 23.4 per cent or 5.5 cents to close at 29 cents yesterday. It was also323 words
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370 2010-12-23 8 TEH SHI NING - By TEH SHI NING BOUSTEAD Singapore has decided to scale down its investment in Bio-Treat Technology from a proposed $42.7 million to $4 million, as the latter will have less need for investment after its rights issue. The announcement from both listed370 words
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Article, Illustration510 2010-12-23 8 KALPANA RASHIWALA - By KALPANA RASHIWALA HO Bee Investment has divested another asset this time a nine-storey freehold high-tech industrial building at 28 Genting Lane called Platinum 28. The sale price is $48.5 million, which reflects a rate of about $591 per square foot for a510 words
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354 2010-12-23 8 FELDA CHAY - By FELDA CHAY MOODY’S Investor Service has kept Noble Group’s Baa3 investment grade rating following its US$950 million acquisition of two Brazilian sugarcane mills. The credit rating agency said that the acquisition is in line with Noble’s stated asset-medium strategy, and that its354 words
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332 2010-12-23 8 IN an update to shareholders yesterday, Hu An Cable Holdings Ltd said that it has called for a public tender for the construction of its 88.9 million yuan (S$17.5 million) copper rod plant in China which the firm first announced332 words
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Advertisement145 2010-12-23 5 n\^i -O c-» 0\ a: £> tN iz o~£ c 13 o "> d I f X J 29. ,5 V-J, v 2 *r-3 v J A Co/ M08 tfc MILUS SWISS MADE SINCE 1919 IMAGINE, CREATE LISTEN lo s UU/A ■p <6 ™3 L-P "v 55 \^> cn O*145 words
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SINGAPORE MARKETS
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Article, Illustration497 2010-12-23 6 VEN SREENIVASAN - Interest focuses on situational stocks; Jardine group helps ST Index rise 4.5 points STOCKS VEN SREENIVASAN Senior Correspondent WITH most market players and traders having shut their books and gone away on year-end vacation, the market slumbered through one of its quietest sessionsSource: Bloomberg - 497 words
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Article66 2010-12-23 6 Dec 22 VALUE CLOSE BT OB/OS -29.00 -14.00 BT CADI -*****.00 -29.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 794.66 +3.39 FTSE ST Small Cap 583.93 -2.85 FTSE ST All Share 780.48 +1.15 FTSE ST China Top 293.13 -0.56 FTSE ST China 322.49 -3.53 FTSE66 words
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Article57 2010-12-23 6 VOLUME GMG Global 142,500,000 Tuan Sing 50,681,000 Genting SP 41,108,000 Wilmar 40,824,000 Transcu Grp 40,210,000 ChinaAniH 33,431,000 Gallant 32,501,000 Consciencefood 28,905,000 China Intl 18,350,000 Golden Agri 18,343,000 VALUE($) Wilmar 232,450,750 Genting SP 87,112,948 GMG Global 40,192,535 DBS Grp 39,906,952 CapitaLand 33,421,924 Noble Grp 32,805,600 Keppel Corp 28,118,06057 words
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Article186 2010-12-23 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 41 61 62 3 5 14 44 66 76 Commerce 18 17 23 2 5 6 20 22 29 Tpt/Stor/Comms 16 13 10186 words
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BROKERS’ TAKE
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Article511 2010-12-23 6 Dec 22 close: S$5.62 Phillip Securities Research, Dec 22 WILMAR International announced that it has entered into an agreement with PZ Cussons plc, to establish two joint-venture (JV) companies in Nigeria. The two JVs to be incorporated in Nigeria are a palm oil refinery business and a branded511 words
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Article461 2010-12-23 6 JOYCE HOOI - Group Dec 22 close: S$2.11 DMG Research, Dec 22 Compiled by JOYCE HOOI NOBLE has announced the acquisition of two sugar mills for US$950 million, which will be funded from Noble’s existing resources. Noble has US$2.2 billion of cash as of Sept 30, 2010. Though we view this461 words
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Article119 2010-12-23 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 92,427 92,427 75,292 75,292 Manufacturing 303,712 11,805 315,517 390,662 586 391,249 Commerce 59,421 7,811 67,232 95,489 585 96,074 Tpt/Stor/Comms 55,602 899 56,501 70,996 240 71,236 Finance 28,155 28,155 114,538 114,538 Construction 8,986 7,225 16,211 2,146119 words
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Article110 2010-12-23 6 Stock name Close Change CapMallsAsia 1.890 +0.030 CapitaLand 3.650 CapitaMall 1.890 +0.020 CityDev 12.700 -0.040 ComfortDelGro 1.560 +0.010 DBS Grp 14.340 +0.100 F&N 6.240 -0.010 Genting SP 2.100 -0.010 Golden Agri 0.760 -0.005 HK Land 6.960 +0.150 JMH 44.060 +0.780 JSH 26.500 +0.680 Jardine C&C 35.500110 words
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Article, Illustration485 2010-12-23 6 CURRENCIES Reuters [NEW YORK] The euro fell to a record low against the Swiss franc yesterday, with losses seen accelerating on concern that the eurozone debt crisis will continue well into 2011. But the euro edged up versus the dollar, helped by aReuters; REUTERS - 485 words
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Article108 2010-12-23 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 121.8 0.7 DBXT MSAsExJp 10US$ 3298 111.4 2.6 JMH 4406 102.2 1.8 JSH 2650 89.1 2.6 DBXT FTChina25 10US$ 3130 51.1 1.3 DairyFarm 888 40.6 3.6 IS S&P500 ***** 38.0 0.2 Lyxor AsiaRE 10US$ 989 30.1 2.4 Lyxor India Nifty 10108 words
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Article116 2010-12-23 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3701 -73.4 -1.5 Wilmar 562 -30.0 -5.1 Wilmar.ES.1012 567 -29.0 -4.9 DBXT MSINDO 10us$ 1360 -19.7 -1.1 HsuFuChi 350 -18.0 -4.9 CityDev.ES.1012 1270 -16.0 -1.2 Jardine C&C 3550 -8.0 -0.2 SIA Engg 420 -8.0 -1.9 DBXT CSI300 10US$ 1077 -5.2 -0.4 WilmarMBLeCW*****2116 words
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Page 7 Advertisements
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Advertisement6057 2010-12-23 7 ANDRE JOHN-LEE KOO, CL CORP, CL FINANCIAL HOLDING, FINANCIAL HOLDING CORP. FINANCIAL ONE CORP. (Incorporated in the Cayman Islands) (Company Registration No. CF-*****6) JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF FINANCIAL ONE CORP. 1. INTRODUCTION 1.1 Mr Andre John-Lee Koo (“Mr. Andre”), CL Corp (“CLC”), CL Financial Holding (“CLF”) and Financial6,057 words
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Page 8 Advertisements
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Advertisement642 2010-12-23 8 BAN JOO COMPANY LIMITED (Company Registration Number *****0100R) (Incorporated in the Republic of Singapore on 23 March 1964) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Ban Joo Company Limited (the “Company”) will be held at Copthorne Orchid Hotel Singapore, 214 Dunearn Road,642 words
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SINGAPORE NEWS
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Article, Illustration1140 2010-12-23 9 WINSTON CHAI - MDA cross-carriage policy, Next-Gen NBN to transform telco landscape By WINSTON CHAI A CONTROVERSIAL government policy and the Republic’s growing fibre-optic readiness will ring up a new era in telco competition next year as all three operators go head-to-head in mobile, pay-TV and broadband1,140 words
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371 2010-12-23 9 KAREN NG - By KAREN NG GOODMAN Arts Centre will be the local arts scene’s new “hub” when artists and arts groups move in by April next year. Situated at 90 Goodman Road, the new arts centre will have about 36 new facilities371 words
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385 2010-12-23 9 NISHA RAMCHANDANI - This figure is higher than 2009’s full-year takings of $12.4b By NISHA RAMCHANDANI IT’s looking like a bumper year for the tourism industry. Tourism receipts for the period spanning January to September this year have already surpassed takings for the whole of 2009,385 words
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Article284 2010-12-23 9 LILIAN HUANG - Second Keystone Symposia on Biofuels will look into deriving energy from algae By LILIAN HUANG LEADING figures the world over in the field of biofuels will converge here in March next year to discuss a new blueprint for global energy use. Scientists and policymakers alike284 words
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362 2010-12-23 9 CENTRAL Provident Fund (CPF) members who turn 55 and can meet the CPF minimum sum must set aside a higher $27,500 in their Medisave accounts, up from the current $22,500, when they make a withdrawal from Jan 1, 2011. This is part of the362 words
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209 2010-12-23 9 BURGER King restaurants in Singapore will now accept concession and ez-link card payments, the fast food chain jointly announced with PaymentLink yesterday. This makes it the first major burger chain here to accept such payment since the Singapore Standard for Contactless ePurse209 words
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Advertisement712 2010-12-23 9 cP NOTICES BUY IT• SELL IT• FIND IT m )R,feWiMMn PAN HONG PROPERTY GROUP PAN HONG PROPERTY GROUP LIMITED (Incorporated in Bermuda on 20 December 2005) (Registration No.: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Pan Hong Property Group Limited (the712 words
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ECONOMY WATCH
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568 2010-12-23 10 Treasury report shows liabilities exceeding assets by US$13.47t Reuters [WASHINGTON] The US government fell deeper into the red in fiscal 2010 with net liabilities swelling more than US$2 trillion as commitments on government debt and federal benefits rose, a US TreasuryReuters - 568 words
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Article, Illustration569 2010-12-23 10 ANTHONY ROWLEY - Cabinet Office sees deflation ending in fiscal year 2011 By ANTHONY ROWLEY JAPAN’S economy will grow at only half the rate next fiscal year compared to the current one, the government said yesterday. It pointed to softening demand for exports and the fact thatBLOOMBERG - 569 words
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375 2010-12-23 10 AFP [SYDNEY] Booming iron ore and coal exports boosted commerce between Australia and top trading partner China by 8.8 per cent this year and more than trebled it over the past decade, data showed yesterday. The trade department said China remainedAFP - 375 words
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597 2010-12-23 10 Bloomberg [TOKYO] Japan’s banks, which bought record amounts of government debt as demand for loans fell, are selling the bonds for the first time this year as prices tumble. Lenders trimmed Japanese government debt holdings to 142.2 trillion yen (S$2.2 trillion)Bloomberg - 597 words
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640 2010-12-23 10 AFP [WASHINGTON] The US population grew in the past decade at its slowest rate since the Great Depression as Americans left industrial regions hard hit by the recession, the Census Bureau said on Tuesday. The long-awaited report handed seats in Congress to statesAFP - 640 words
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296 2010-12-23 10 Reuters [WELLINGTON] New Zealand’s annual current account deficit widened in the September quarter as foreign investors’ earnings improved, but insurance payments on earthquake damage eased pressure on the gap and will continue to do so into 2011. Insurance payments coming into the countryReuters - 296 words
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Advertisement116 2010-12-23 10 WATS 3 NOTICES MCL LAND LIMITED (Company Registration No. *****0074K) LOST STOCK CERTIFICATES The following stock certificates have been reported lost, mislaid or destroyed by the registered stockholders:Name of Registered Stockholder Certificate No. No. of Stocks Chung Yen Thong A*****30 1,000 Ho Chek Yoke *****659 600 Loh Swee Kum *****258116 words
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GREATER CHINA/INDIA
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541 2010-12-23 11 Agricultural Bank of China will be hurt most by the change, say Barclays analysts Bloomberg [BEIJING] China may require lenders to assign 100 per cent risk weightings for loans fully covered by cash flows, up from the current 50 per cent, andBloomberg - 541 words
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Article, Illustration527 2010-12-23 11 Bloomberg [SHANGHAI] China raised petrol and diesel prices yesterday by less than half of what crude oil has gained in the past month as the world’s fastest-growing major economy seeks to contain inflation. The price of petrol will rise by as much asBloomberg; XINHUA - 527 words
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376 2010-12-23 11 Reuters [SHANGHAI] Three Chinese companies will issue China’s first “super short-term commercial paper” (SCP), its financial markets industry association said yesterday, a step forward in encouraging innovation in the local debt market. China National Petroleum Corp, Sinopec Corp and the Ministry of Railways,Reuters - 376 words
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444 2010-12-23 11 Medvedev’s trip dispels fears of USDelhi growing ties Reuters [NEW DELHI] Russian President Dmitry Medvedev’s warm reception in India, including wrapping up a deal on stealth fighter jets that is potentially worth US$35 billion, dispels Russian fears that its former Cold War allyReuters - 444 words
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265 2010-12-23 11 AFP [NEW DELHI] The Indian government, facing mounting public anger over soaring onion costs, yesterday scrapped tax on imports of the vegetable. The move comes after Prime Minister Manmohan Singh expressed “deep concern” over the cost of onions doubling in aAFP - 265 words
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Page 11 Advertisements
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Advertisement311 2010-12-23 11 Enjoy high interest rates of up to 1.58% p.a. for SGD and 3.25% p.a. for USD deposits SBI Step-Up Term Deposit Apply now and enjoy higher interest rates on your deposits! Benefits Features Enjoy higher interest rates for a contractual tenor of 12 months Minimum deposit amount of SGD USD311 words
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MALAYSIA/INDONESIA
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Article, Illustration312 2010-12-23 12 It may go up next year on reduced fuel, sugar subsidies Bloomberg [SINGAPORE] Malaysia’s inflation rate held at 2 per cent in November, a pace that may quicken after the government reduced subsidies on fuel and sugar this month. The gain in consumerBloomberg; ST FILE PHOTO - 312 words
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349 2010-12-23 12 Bloomberg [TOKYO] Isuzu Motors Ltd, Japan’s largest maker of light-duty trucks, will increase its stakes in existing joint ventures in Malaysia, Indonesia and two other Asian countries as it seeks to raise sales and profit. Isuzu will raise its stakes to more thanBloomberg - 349 words
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544 2010-12-23 12 S JAYASANKARAN - New service to be offered to homes in Klang Valley and Penang initially By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S pay-television operator Astro All Asia Networks and Time dotCom announced a partnership late Tuesday to offer the pay television company’s Internet Protocol TV544 words
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Article415 2010-12-23 12 Bernama [NEW DELHI] Spurred by the healthy rise in air traffic this year, Malaysia Airlines (MAS) plans to revamp its fleet and scale up operations to achieve 30 to 40 per cent passenger growth in the Indian sector next year. After cooling slightly inBernama - 415 words
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Advertisement2605 2010-12-23 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF POSEIDON CARRIERS PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****3533D Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of2,605 words
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Advertisement143 2010-12-23 13 THANK YOU FOR THE MUSIC cm™, 17 18 DECEMBER A A©RLD TO IMAGINE A SHOWCASE OF YOUNG TALENTS IN AID OF THE STRAITS TIMES SCHOOL POCKET MONEY FUND AND THE BUSINESS TIMES BUDDING ARTISTS FUND J "3 I V I. r r J m i to m iC 11 A143 words
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WORLD
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675 2010-12-23 14 They could unveil a wave of deals, share buybacks and dividend hikes in 2011 Reuters [MELBOURNE] Australian companies, hoarding unprecedented amounts of cash, are slowly loosening the purse strings and could unveil a wave of deals, share buybacks and dividend hikes in 2011. AustralianReuters - 675 words
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Article, Illustration717 2010-12-23 14 Bank of England warns of risks from eurozone debt crisis Bloomberg [LONDON] The UK economy slowed more than initially estimated in the third quarter as the outlook for growth and inflation continues to split policymakers at the Bank of England. Gross domestic productBloomberg; REUTERS - 717 words
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270 2010-12-23 14 Bloomberg [WASHINGTON] The biggest US food safety overhaul in more than 70 years won passage in the House of Representatives, clearing the way for President Barack Obama to sign the measure into law. The Food and Drug Administration (FDA) will gainBloomberg - 270 words
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332 2010-12-23 14 Reuters [NEW YORK] More lastminute shoppers flocked to stores this year on the final Saturday before Christmas than last year, but spending is expected to be even higher later this week. US retail sales last Saturday were up 15.1 per cent from last yearReuters - 332 words
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340 2010-12-23 14 Females did not lose as many jobs as males did during the US recession Bloomberg [NEW YORK] Women’s earnings will recover faster than men’s as the US economy rebounds, which means companies that market to females may perform well, according to a Bank ofBloomberg - 340 words
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Article, Illustration722 2010-12-23 15 Telcos, cable firms offer guarded praise while public interest groups aren’t happy NYT [WASHINGTON] Want to watch hours of YouTube videos or sort through Facebook photos on the computer? Your Internet providers would be forbidden from blocking you under rules approved by the FederalNYT - 722 words
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Article, Illustration590 2010-12-23 15 Reuters [MADRID] Portugal and Greece were both put on notice their credit ratings could be cut and fellow eurozone debtor Spain had to pay more to issue new debt on Tuesday, suggesting the currency bloc’s crisis will rage unabated in 2011.Reuters; REUTERS - 590 words
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385 2010-12-23 15 AFP [BRUSSELS] Belgium will face an onslaught from speculators if it does not take measures to reassure investors about its finances early next year, the finance minister warned on Tuesday. Belgium’s borrowing costs have risen in recent weeks and a major credit ratingsAFP - 385 words
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385 2010-12-23 15 LATEST US DATA Reuters [WASHINGTON] US economic growth was a touch stronger than previously estimated in the third quarter, but consumer spending was softer and more of the goods produced ended up on warehouse shelves. Gross domestic product growth was revised up toReuters - 385 words
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Article, Illustration718 2010-12-23 15 It’s linked to global supply chain feeding China’s factories IHT [NEW YORK] One of the biggest beneficiaries of China’s rapid economic ascent is not China at all, but rather its historic rival, occasional enemy and fellow socialist neighbour to the south, Vietnam. Less than aIHT; AFP - 718 words
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778 2010-12-23 16 Bankers expect Hong Kong to dominate IPO scene as funds from US, Europe flow to Asia, emerging markets Reuters [NEW YORK] Equity capital markets bankers are bracing for a busy 2011 during which fund flows into Asia will further cement Hong Kong’s globalReuters - 778 words
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330 2010-12-23 16 Reuters [TORONTO] Toronto-Do-minion (TD) Bank is buying Chrysler Financial for US$6.3 billion, the second time in a week that a Canadian lender has placed a big bet on the US economic recovery. Tuesday’s cash deal, which includes about US$400 million in goodwill, willReuters - 330 words
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Article, Illustration90 2010-12-23 16 [VLADIVOSTOK] The shadow of the earth is seen falling across the face of the moon, with a six-pointed decorative star on a Christmas tree in the foreground, during a full lunar eclipse on Tuesday. The eclipse is the first to coincide with the Winter Solstice since 1638.REUTERS - 90 words
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Article230 2010-12-23 16 Bankruptcy of one of the people in the bid raises concern AFP [WELLINGTON] New Zealand yesterday blocked a Hong Kong firm’s bid to buy a bankrupt dairy farm group in a proposal which sparked heated debate about foreign land ownership. The government said thatAFP - 230 words
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444 2010-12-23 16 Fast-growing market attracting lots of foreign investment AFP [SAO PAULO] Brazil this year overtook Germany as the fourth-biggest car market in the world and foreign investors see huge potential as the Latin American giant becomes increasingly prosperous. By the end of 2010,AFP - 444 words
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253 2010-12-23 16 AP [BEAVERTON, Oregon] Nike Inc’s sec-ond-quarter net income rose 22 per cent to beat estimates as demand for its products rose around the world. The company said on Tuesday that it sold more items at full price and tightly controlled its inventory during theAP - 253 words
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Advertisement27 2010-12-23 16 -frLianhe Zaobao V V W VI I VI I w V w w w trend of slipping below offer prices? BJMWJ&IPO For Subscription, call 6388 3838 www.sphsubscription.com.sg27 words
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Advertisement220 2010-12-23 16 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF YU HAO TRADING ENTERPRISES PTE. LTD. CO. REG. NO. *****5626H Notice is hereby given pursuant to Section 296 of the Companies Act (Chapter 50) that a meeting of the creditors of220 words
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AVIATION
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Article, Illustration714 2010-12-23 17 The price will top US$100 by 2011’s second half, says Goldman Sachs Bloomberg [DALLAS] Delta Air Lines Inc, American Airlines, and other large US carriers may be poised to boost fares with fuel surcharges as crude oil moves closer toBloomberg; BLOOMBERG - 714 words
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233 2010-12-23 17 Bloomberg [NEW YORK] American International Group Inc (AIG) named Boeing Co’s Mark Meyerhoff to lead an aerospace business as the insurer recovers from lost sales in the year the company was bailed out by taxpayers. Mr Meyerhoff, who was most recently seniorBloomberg - 233 words
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685 2010-12-23 17 AFP [BEIJING] After years of waiting for China to lift heavy restrictions on airspace, wealthy travellers and aircraft manufacturers have reason to celebrate the country’s skies are opening up to private flights. The makers of helicopters and small business jets are predicting aAFP - 685 words
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Article3274 2010-12-23 17 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ5303,274 words
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Article394 2010-12-23 17 Reuters [VANCOUVER] WestJet Airlines Ltd’s announcement on Tuesday that it will lease a big long-range plane has sparked speculation the airline is thinking of abandoning its commitment to a sin-gle-type fleet of planes so that it can fly longer-haul routes. WestJet, Canada’s sec-ond-biggest airline, saidReuters - 394 words
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4214 2010-12-23 18 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 DING XIANG HAI Camden/New Orleans/Tampico *Loads4,214 words
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Page 17 Miscellaneous
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Miscellaneous292 2010-12-23 17 CRYPTIC CROSSWORD Across 1 Wise man inside, a very cruel man (6) 4 Exclusive miss entering Diplomatic Corps (6) 8 End period of education in America (8) 10 Attacker’s assistant grabbed by bishop (6) 11 Additional fabric that’s soft, not hard (4) 12 Lout in rage breaking law (10) 13292 words
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Page 18 Advertisements
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Advertisement27 2010-12-23 18 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 —~THE BUSINESS TIMES SHIPPING TIMES27 words
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Article, Illustration533 2010-12-23 19 The company will retain earnings by continuing to manage the port Reuters [DUBAI] Dubai-based ports operator DP World moved to cut its debts with the sale of 75 per cent of its Australian operations to private equity firm Citi Infrastructure Investors (CII) forReuters; AFP - 533 words
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346 2010-12-23 19 AFP [HANOI] Vietnam has granted tax concessions to nearly bankrupt shipbuilder Vinashin, a newspaper reported yesterday, after speculation authorities would find a way to help the firm meet a debt deadline. Among the concessions, the state-owned firm will get a grace period until Dec 31,AFP - 346 words
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356 2010-12-23 19 Bloomberg [LONDON] An excess of supertankers competing for Persian Gulf crude oil shrank for a second week as demand to charter ships jumped to the highest since July and returns from leasing ships surged. There are 10 per cent more very large crude carriers,Bloomberg - 356 words
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481 2010-12-23 19 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell for an eleventh session on Tuesday as lighter cargo activity continued to weigh on the market. Brokers said weather related disruptions to shipmentsReuters - 481 words
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Article278 2010-12-23 19 SGX '000 Dec 22 S$ +/-Vol CH Offshore 0.49 0.02 152 Chuan Hup Hldg 0.23 0.01 224 Cosco Corp 2.07 -0.02 3925 CWT Ltd 0.97 -0.01 480 Ezra Hldgs 1.71 0.01 3238 First Ship Lea 0.46 unch 207 Freight Links 0.07 unch 3335 Grand Banks unch unch 0278 words
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Page 19 Advertisements
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Advertisement29 2010-12-23 19 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 2010-12-23 19 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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Advertisement21 2010-12-23 19 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg.21 words
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EDITORIAL & OPINION
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Article, Illustration1084 2010-12-23 20 ANTHONY ROWLEY - It can carry over into real life and influence people’s actions, possibly in a dangerous way ANTHONY ROWLEY Tokyo Correspondent IAM currently reading a book called The Holy Grail in Wolfram’s Parzifal in which it is argued quite persuasively that the grail wasAFP - 1,084 words
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Article, Illustration792 2010-12-23 20 MARK GILBERT - THE BOTTOM LINE MARK GILBERT THEY came first for Greece and I didn’t speak up because I wasn’t Greek. Then they came for Ireland and I didn’t speak up because I wasn’t Irish. Then they came for Portugal and I didn’t speak792 words
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Article505 2010-12-23 20 EDITORIAL THE retirement age is rising and, in Singapore particularly, people are encouraged to keep working for as long as they are fit and happy to do so. Faced with an ageing population, official policy in Singapore has sought, for some years now, to not just505 words
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Article, Illustration1200 2010-12-23 21 STEPHEN ROACH - Stimulation in the US is transitory, Europe is dealing with eurozone flaws, and Asia has become over reliant on exports STEPHEN ROACH The writer is the non-executive chairman of Morgan Stanley Asia and author of ‘The Next Asia’. He is also on the facultyBLOOMBERG - 1,200 words
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Article, Illustration575 2010-12-23 21 RICHARD D ARVEY - By RICHARD D ARVEY The writer is professor in the Department of Management and Organisation, NUS Business School. He specialises in employment issues such as performance evaluation, motivation and job satisfaction. This research was collaborated with Zhen Zhang, and published in the ‘Journal of575 words
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Page 21 Advertisements
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Advertisement8 2010-12-23 21 NUS NUS National University BUSINESS of Singapore SCHOOL8 words
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SINGAPORE STOCKS
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Article8798 2010-12-23 22 Transaction date: Dec 22 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 21 14.5 3148 8Telecom 18.5 -0.5 300 18.5 18.5 18 18.5 1.7 9.8 5.9 88.6 12 4.5 58348,798 words
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Article1862 2010-12-23 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 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 162 156 162 96.1 4 0.51,862 words
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Article9435 2010-12-23 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.34/ APS Alpha Fund (USD)!** 1.02/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,435 words
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Article832 2010-12-23 23 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 $mil 124 107 6389 ABF SG Bond ETF 110 110.5 112 502.1 1056 761 CIMBAsean40 100US$ US1001 +8 57 1001 1000 1000 1001 40 335832 words
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Article73 2010-12-23 23 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 $mil 56 38 6000 AVJennings A47.5 45.5 50 3.6 7.4 3.8 123.7 55 16 6017 Genting HK US$ US42.5 -0.5 8110 43.5 42.5 42.5 43 2798.473 words
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FINANCE & COMMODITIES
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374 2010-12-23 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 21 Index Change Change Change Change Change Change World Index Preliminary 900.6 0.7 8.2 0.5 1.6 0.8 8.7 EAFE Preliminary 811.3 1.0 3.4 0.8 -2.8 1.2 4.0 Europe Preliminary 1188.4 1.1374 words
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Article180 2010-12-23 24 Dec 22 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.35 0.25 1 month 0.43 0.33 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.56 0.46 9 months 0.80 0.70 12180 words
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Article22 2010-12-23 24 Dec 22 S$ Bid Offer 1-month 1.3100 1.3103 2-months 1.3100 1.3103 3-months 1.3101 1.3103 6-months 1.3100 1.3103 Source: OCBC22 words
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Article121 2010-12-23 24 Dec 22 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.351 1.275 Can dollar 1.314 1.264 Euro 1.752 1.685 Sterling pound 2.068 1.989 NZ dollar 1.002 0.955 US dollar 1.333 1.282 Local dollars to 100 units of foreign121 words
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Article29 2010-12-23 24 Dec 22 Open High Sett STI Dec 3155 3155 3144 SIMSCI Dec 371.7 373.5 371.3 Taiwan Dec 315.3 316.7 315.3 Source: MF Global (S) Pte. Ltd29 words
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Article65 2010-12-23 24 Dec 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3640 3668 3675 3628 443 4933 Feb 11 3637 3646 3665 3615 2365 ***** Mar 11 3598 3620 3635 3579 9135 ***** Apr 11 3569 359365 words
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Article426 2010-12-23 24 Dec 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6000 0 3671 Jun11 99.5000 0 1609 Sep11 99.3650 0 695 Dec11 99.1900 0 513 EUROYEN TIBOR FUTURES Mar11 99.6525 99.6525 99.6525 99.6525 0 1994 Jun11 99.6375 80 1389 Sep11 99.6225 100 1064 Dec11 99.6125 225426 words
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Article153 2010-12-23 24 Dec 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 494.0 494.0 493.0 2 Feb 11 493.0 492.0 492.5 40 Mar 11 493.0 491.0 492.5 25 Apr 11 493.0 May 11 493.0 Jun 11 493.0 Jul 11153 words
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Article82 2010-12-23 24 Dec 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 24.03.2011 0.38 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.64 5-Year N*****0S 2.875 01.07.2015 106.90 7-Year N*****0Z 2.375 01.04.201782 words
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Article107 2010-12-23 24 Dec 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1326.25 1315.25 1328.00 1311.50 Mar 11 1337.50 1327.00 1339.50 1323.00 May 11 1344.50 1334.75 1346.75 1331.00 Jul 11 1346.25 1337.50 1348.25 1334.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 55.56107 words
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Article77 2010-12-23 24 CRUDE OIL PRODUCTS Dec 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 93.49 1.68 WTI (Near Mth) 89.11 0.53 Dubai (1-Mth F) 89.82 0.86 Tapis blend 97.25 1.20 Minas 93.15 1.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.39 1.47 Jet Kerosene 104.10 1.00 US$/barrel Opec Oil77 words
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2369 2010-12-23 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 0.5 5261 1 3 -17 3.00 0 AFP Properties EW*****8 30.5 -1 194 1 10 -4 1.38 59 6221 Asia-Pacific Strategic W*****6 29.5 -2.52,369 words
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Article464 2010-12-23 24 Dec 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.013 6.635 0.760 7.757 44.984 90.272 0.835 11.496 3.124 1.342 85.464 44.101 1.307 6.785 0.952 29.811 30.109 0.645 0.998 Canada 0.987 6.550464 words
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Article85 2010-12-23 24 Dec 22 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article139 2010-12-23 24 Dec 22 GOLD (US$/oz) Dec 21 Dec 22 Hong Kong 1387.00 1389.00 Dec 20 Dec 21 London 1379.65 1384.62 1380.40 1385.39 Source: Thomson Reuters CAST BAR Dec 22 (S$) Selling Buying Kilobar 62,965.22 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 141 59 5gm 400 294 10gm 715139 words
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Article72 2010-12-23 24 METALS Dec 21 Dec 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2424.50 2365.00 3 months 2435.00 2378.00 Copper, Grade A (US$/tonne) Cash 9405.00 9236.00 3 months 9365.00 9201.00 Lead (US$/tonne) Cash 2443.00 2446.25 3 months 2434.00 2440.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin72 words
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Article154 2010-12-23 24 Dec 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3067 1.3075 0.9974 0.9979 Canadian dollar 1.2900 1.2908 0.9846 0.9851 Euro 1.7203 1.7208 1.3131 1.3133 NZ dollar 0.9735 0.9742 0.7431 0.7435 Sterling pound 2.0265 2.0274 1.5468 1.5473154 words
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Article82 2010-12-23 24 Dec 21 COCOA (£/tonne) Close Prev High/Low Mar 11 2008 1987 2018/1985 May 11 2016 1998 2025/1995 Jul 11 2028 2012 2033/2008 Sep 11 2034 2020 2045/2024 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1990 1976 1995/1962 Mar 11 2010 1990 2013/1978 May 11 2023 1997 2024/1984 Jul 1182 words
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BizIT
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Article, Illustration969 2010-12-23 25 AMIT ROY CHOUDHURY - Social computing model embedded in new cloud paradigm, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY SINGAPORE is in an unique position to embrace the next paradigm of cloud computing, called Cloud 2, due to its high-levels of broadband penetration, proliferation of mobile devices,969 words
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463 2010-12-23 25 VICTORIA HO - NEWS ANALYSIS By VICTORIA HO A NEW feature from Facebook continues to push the boundaries of privacy, and has drawn criticism from some security advocates. The social networking site announced earlier this week that it had developed a facial recognition feature that would463 words
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866 2010-12-23 25 VICTORIA HO - Telcos spent 2010 building networks to cater to demand By VICTORIA HO USER demand over the past year for both mobile and wireline Internet services saw telecommunications providers pumping in investments in networking infrastructure in 2010. Navin Vohra, vice-presi-dent for Asia-Pacific and India866 words
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852 2010-12-23 25 RAJU CHELLAM - By RAJU CHELLAM GIVEN the huge interest in cloud computing, and the desire from large enterprises to opt for private clouds within their corporate domains, most large businesses would take a closer look at their DCs (data centres) which actually run their852 words
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PROPERTY
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Article, Illustration897 2010-12-23 26 Homes priced over A$1m up 40% more than average for this time of year Bloomberg [SYDNEY] Australian luxury home prices may fall in 2011 after listings of properties worth more than A$1 million (S$1.31 million) rose about 40 per cent more than average forBloomberg; BLOOMBERG - 897 words
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1320 2010-12-23 26 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 25/11/2010 99 893 1600 1792 The Sail Marina Bay Apt 26/11/2010 991,320 words
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322 2010-12-23 26 It says evaluation of proposals received will take time Reuters [SYDNEY] Australia’s Centro Properties Group said yesterday it has received several bids for properties in the US and Australia and evaluations of the bids will take time due to the complexity ofReuters - 322 words
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Article, Illustration1569 2010-12-23 27 ANDREW MARTIN - Critics say more and more lawsuits detailing bank break-ins in the US serve to reinforce their contention that the foreclosure process is fundamentally flawed, reports ANDREW MARTIN ANDREW MARTIN NYT [TRUCKEE, California] WHENMimiAsh arrived at her mountain chalet here for a weekend ski trip, she discovered thatNYT; ANNE CHADWICK WILLIAMS/THE NEW YORK TIMES - 1,569 words
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332 2010-12-23 27 Industry group sees prices stabilising in spring and climbing before end-2011 Bloomberg [LONDON] UK house prices may extend their drop into 2011 before “stabilising” as a supply shortage helps to limit declines, the Royal Institution of Chartered Surveyors (RICS) said. IndicatorsBloomberg - 332 words
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Article, Illustration534 2010-12-23 28 KALPANA RASHIWALA - Grade A office block in Church Street could be worth around $900 million By KALPANA RASHIWALA CAPITAL Square, a Grade A office development at Church Street in the Raffles Place micromarket, is expected to be put up for sale soon. ItARTHUR LEE - 534 words
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538 2010-12-23 28 EMILYN YAP - Demand should stay if economic recovery continues, says JLL By EMILYN YAP LANDLORDS of offices and conventional industrial space enjoyed a good fourth quarter as rents continued to climb. According to Jones Lang LaSalle (JLL), the average CBD prime Grade A gross effective538 words
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Article, Illustration884 2010-12-23 28 Bernama [KUALA LUMPUR] The property market will continue to hot up next year as no bubble is expected to emerge, said property consultants. They said that strong buying interest is expected to come from foreigners and there would be more residential transactionsBernama; BLOOMBERG FILE PHOTO - 884 words
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328 2010-12-23 28 UMA SHANKARI - By UMA SHANKARI THE Housing Development Board (HDB) yesterday launched another 1,010 new flats for sale in its latest build-to-order (BTO) project, Punggol Topaz. Including this launch, HDB has now offered a total of 17,713 new flats for sale under its BTO and328 words
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Article217 2010-12-23 28 Bernama [PETALING JAYA] UEM Land Holdings Bhd has received shareholders’ approval for the proposed acquisition of property developer, Sunrise Bhd, for RM1.39 billion (S$580.4 million) or RM2.80 per share. “The extraordinary general meeting (EGM) resolution for the takeover has been passed by shareholdersBernama - 217 words
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Page 26 Advertisements
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Advertisement52 2010-12-23 26 I II ILJLII II II II II imr SAVILLS INDUSTRIAL Land the best returns for your industrial properties Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world savills Call 6536 5022 S a V i I I S C52 words
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Page 27 Advertisements
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Advertisement549 2010-12-23 27 W* Knight *4 Frank FLEXIBLE OFFICE LEASES MARINA HOUSE Attractive rental rates Short-term leases available Sizes ranging from 400 6,000 sq ft Regular and efficient floor plate Good accessibility to public transport expressways Immediately available Knight Frank 6228 7338 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF549 words
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Advertisement625 2010-12-23 27 FOR SALE BY TENDER SIN CHEONG BUILDING FREEHOLD INDUSTRIAL SITE Address 47 Jalan Pemimpin Land Size 4,087.8 sqm (44,001 sqft) approx. Master Plan 2008 Business 1, Plot ratio 2.5 Existing Development 6-Storey Light Industrial Building Existing GFA 7,813.5 sqm (84,104 sqft) approx. Excellent Location Short walk to Marymount MRT Station625 words
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Advertisement424 2010-12-23 27 CNA GROUP LTD. (Company Registration No. *****0449K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICEISHEREBYGIVENthatanExtraordinaryGeneralMeeting of the Company will be held at Amara Singapore, Connection 1, Level 3, 165Tanjong Pagar Road, Singapore *****9 on 7 January 2011 at 10.00 a.m. for the purpose of considering and,424 words
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Page 28 Advertisements
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Advertisement108 2010-12-23 28 central tr TP -j KM tt U> 38* M i-< Prime Office Space Enjoy panoramic views of the city and Marina Bay right from your office. Located next to the Singapore River and on top of Clarke Quay MRT Station, Central is just in the heart of CBD. For Sales108 words
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