The Business Times, 1 March 2011

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Total Pages: 32
1 32 The Business Times
  • 24 1 THE BUSINESS TIMES S$1 .00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, March 1,2011
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  • 987 1  -  Meanwhile, 5 more docs seek to clarify ‘shocking mark-ups’ By MICHELLE QUAH [SINGAPORE] More damning accusations were laid at the feet of Dr Susan Lim yesterday, as the court heard how she might not only have grossly marked up her invoices, but might
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  • 143 1 H ST INDEX 3,010.51 (-14.65) H ST INDEX FUTURES 3,006 (-19) HSIMSCI 354.36 (-3.48) HSIMSCI FUTURES 353.60 (-3.60) FOREX US$ S$ US$ (S$ per US$) 1.272 (US$/S$ per 1.611 2.049 EURO (US$/S$/E) 1.377 1.751 Foreign currency per US$ S$ YEN 81.70 64.20 RM 3.052 2.399 HK$ 7.790 6.125
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  • 706 1  -  But distributions in HK$ may be a downside for local investors By JOYCE HOOI [SINGAPORE] Hutchison Whampoa’s port unit is set to raise anywhere from US$4.91 billion to US$5.83 billion from the initial public offering (IPO) of Hutchison Port Holdings Trust (HPH Trust),
    BLOOMBERG  -  706 words
  • Page 1 Advertisements
    • 240 1 OPINION Obama’s road to re-election fraught with obstacles PAGE 27 PROPERTY Hotel use leads hike in DC rates PAGE SME Inc Growing through history PAGE 12 HOCK LOCK SIEW Research reports would benefit from better disclosure PAGE 5 8 '*****1 *****4 DESIGNED FDR PERFORMANCE. ENGINEERED FDR ELEGANCE. r 4 I
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    • 20 1 PROPERTY SUPPLEMENT If you're looking for opportunities in the property market, don’t miss this special BT feature on March 3
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  • TOP STORIES
    • 542 2 Port spin-off may give Hutchison US$5.8b booster HUTCHISON Whampoa’s port unit is set to raise anywhere from US$4.91 billion to US$5.83 billion from the initial public offering of Hutchison Port Holdings Trust, the trust’s preliminary prospectus showed yesterday. The trust will sell about 3.9 billion units to the
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    • 556 2  -  Chan Kong Choy accused of deceiving ex-PM over award of Port Klang project By PAULINE NG in Kuala Lumpur CHAN Kong Choy was yesterday charged with three counts of cheating, making him the second former transport minister to be taken to court over the Port
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    • 375 2  -  By UMA SHANKARI [SINGAPORE] CapitaLand unit CapitaMall Trust (CMT) has agreed to buy Iluma, a shopping mall in Bugis, for $295 million. Iluma is located at Victoria Street opposite Bugis Junction, which is one of CMT’s existing properties. The mall has a
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    • 929 2 Bloomberg [NEW DELHI] India’s government unveiled a budget proposal designed to ease the impact of inflation on lower-income earners by exempting more people from paying taxes, while inviting foreign investment in infrastructure and accelerating sales of state-owned assets. The budget deficit will
      Bloomberg  -  929 words
    • 754 4  -  Sell-down temporary and probably presents a buying opportunity: analysts By TEH SHI NING [SINGAPORE] Continuing uncertainties and market jitters over spiralling unrest in the Middle East have led to more than $40 billion being wiped off Singapore’s stock market in February. The
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    • 546 4  -  The hosts are younger than ever but everything else remains predictably old COMMENTARY By DYLAN TAN [SINGAPORE] IF THERE was no way you could have caught yesterday’s Oscars presentation, count yourself lucky. With its “live” broadcast available only on the premium cable channel Star
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    • 427 4  -  Business loans see fastest growth since Sept 2010 By CONRAD TAN [SINGAPORE] Bank lending grew by 1.9 per cent in January, spurred by an increase in business loans as the economic outlook continued to improve. Total Singapore dollar loans expanded to $328.8
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    • 740 4 EU freezes his assets, bans sale of anti-riot equipment Reuters AFP [NALUT, Libya] The noose tightened yesterday around Libyan leader Muammar Gaddafi after his opponents overran towns in his traditional western stronghold and he lost control of most of the oil and
      Reuters; AFP; REUTERS  -  740 words
  • Page 2 Advertisements
    • 100 2 Asia's biggest electronics event ar nn «»HODC Hong Kong Electronics Fair (Spring Edition) 13-16 April 2011 Hong Kong Convention and Exhibition Centre Prime downtown location Over 2,300 quality exhibitors from 23 countries and regions Themed zone highlight: Hall of Fame Held concurrently with "HKTDC International ICT Expo" and "HKTDC Hong
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  • Page 3 Advertisements
    • 181 3 Panasonic ideas for life Years of Expertise in Massage Chair Technology i A a 0 t. Kg.. w For the calming effects of hot stone massage. Introducing Panasonic EP-MA70 Massage Chair Experience the world's first massage chair with heated ceramic rollers* from Japan. Combined with revolutionary multi-technique air and 3D
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  • Page 4 Advertisements
    • 858 4 GEARS NOTICES AUTOMATED TOUCHSTONE MACHINES LIMITED (Company Registration No. *****9457N) (the "Company") (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Automated Touchstone Machines Limited (the "Company") will be held at 38A Circular Road, Singapore *****4 on Wednesday, 16 March 2011
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  • COMPANY NEWS
    • 667 5  -  This follows news of delay in audits of China Hongxing and Hongwei Tech By LYNETTE KHOO S-CHIPS came under selling pressure yesterday as accounting woes surfaced at another two companies China Hongxing and Hongwei Technologies sparking fears of a repeat of the scandals that
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    • 523 5 Traders can gain handsomely through the use of arbitrage Bloomberg [SINGAPORE] Singapore Exchange’s offer to pay the biggest premium ever for a securities exchange to buy ASX Ltd is now giving traders a chance to make a lot of money. Australia’s national bourse
      Bloomberg  -  523 words
    • 729 5  -  HOCK LOCK SIEW By R SIVANITHY LAST week’s collapse in the shares of popular commodities stock Olam International was widely attributed to a “sell” issued by a foreign broker, with the issuing analyst then coming under fire for allegedly not being wholly familiar
      729 words
    • 409 5  -  By TEH SHI NING TAT Hong Holdings yesterday said that an ex-general manager of its joint-ven-ture subsidiary in China has been detained by the authorities for investigations into his alleged mishandling of funds of the unit. The man had been nominated and seconded
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    • 237 5  -  By MAXIE AW YEONG ON its first day of trading yesterday, Chew’s Group saw the counter close at 23 cents, 2 cents or 8 per cent lower than its offer price of 25 cents. The share price hovered between 23 cents and 24.5 cents. Chew’s
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    • 352 6  -  By KELLY TAY AS part of its efforts to expand its family office advisory business, DBS Private Bank has appointed Terry Alan Farris as senior vicepresident and head of family office. The concept of a family office developed in the United States, where a
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    • 321 6  -  It will double Sembcorp’s power generation capacity here to 1,615MW By RONNIE LIM SEMBCORP will start building a $900 million second cogeneration plant here to provide multi-utilities, including power and steam, to petrochemical investors on Jurong Island in the second half of this year.
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    • COMPANY BRIEFS
      • 96 6 STEEL contractor Yongnam Holdings yesterday posted a 35.7 per cent increase in full year net profit to $54.4 million, from $40.1 million a year ago. This gain came despite a marginal 3.4 per cent drop in revenue to $335.1 million from $346.8 million
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      • 111 6 THE Straits Trading Company yesterday reported a marginal increase in Q4 net profit to $51.6 million from $50.4 million a year earlier. But full-year net profit plunged 82.3 per cent from $159.3 million the year before, to $28.2 million for the year ended Dec
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      • 131 6 HOTEL Grand Central Ltd said that its net profit fell 75 per cent from $35.78 million in 2009 to $8.93 million in 2010. This is in spite of a 32 per cent rise in revenue to $144.88 million, of which $142.14 million was
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      • 48 6 SINGAPORE Exchange has completed the disposal of a building located at 18 New Industrial Road for $23.6 million. After accounting for related costs, the gain from the sale is approximately $1.7 million. The book value of the property is $21.71 million.
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      • 86 6 Reuters SINGAPORE Mercantile Exchange (SMX) said on Monday that global brokerage Newedge has signed up as a general clearing member of the bourse. Newedge is a 50:50 joint venture between Societe Generale and Credit Agricole CIB. SMX, controlled by India’s Financial Technologies, was launched
        Reuters  -  86 words
    • 511 8  -  Profit of $772.5m boosted by a $664.7m fair value gain on investment properties By UMA SHANKARI OVERSEAS Union Enterprise (OUE) yesterday reported a net profit of $772.5 million for 2010 reversing a net loss of $92.2 million for 2009 as earnings were boosted
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    • 579 8  -  By LYNETTE KHOO TREASURY China Trust (TCT) is expecting at least a 25 per cent jump in net property income this year, thanks to its recent acquisition of two shopping malls in Shanghai and Qingdao. It is now looking to
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    • 509 8  -  By RONNIE LIM HIGHER oil prices caused by the crisis in Libya will benefit two listed oil gas exploration and production (E&P) newbies RH Petrogas (RHP) and Ramba Energy, both of which have reported their FY2010 results. However, at least one also
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    • 438 8  -  By LYNETTE KHOO RIDING on strong demand for automotives in China and overseas, Lizhong Wheel Group reported a near trebling of net profit for the financial year ended Dec 31, 2010, to 125.8 million yuan (S$24.3 million) from 43.3 million yuan a year ago. Its
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    • 267 8 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.07.2011 NX*****H 2001 3 5/8 6800.00 1/1 1/7 58 101.10 0.38 SG**********
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    • 307 8  -  By JERMAINE NG COMPETITION has been hotting up at Orchard Road as new malls spring up and older ones get facelifts. Amid this, Wisma Atria, whose blue facade has been a key feature on the shopping belt, will see a crystal-line frontage
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    • 297 8 HERSING Corporation is buying a commercial property in Toa Payoh for $66 million, the group announced yesterday The Toa Payoh Entertainment Centre, a 99-year leasehold property, is located at the heart of Toa Payoh Town Centre. The centre has a site area of 1,392.4 sqm
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    • 438 8  -  By FELDA CHAY COMMODITIES firm Noble Group yesterday posted a 192 per cent year-on-year surge in net profit for its fourth quarter on higher commodity prices and sale volumes, helping to lift the year’s earnings to a record US$605.6 million. The three months
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    • 364 8  -  By FELDA CHAY PALM plantation firm Golden Agri Resources yesterday said that net profit for its fourth quarter more than doubled from a year ago on a surge in fair value gains from its biological assets, and higher selling prices for crude palm
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  • Page 6 Advertisements
    • 1303 6 full year results 2010 Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present below the audited consolidated financial results for the year ended 31 December 2010 together with corresponding results for the year 2009. Tonnage for the year increased to a record 184 million tonnes
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  • Page 7 Advertisements
    • 327 7 LARGEST IN SIZE. DEDICATED TO ENERGY. YOUR NO.1 CHOICE. LLLL IMIV# mi i 4 IS c! -A •w\ i i m i .j Powered by the global economic recovery and increasing supply constraints, there is tremendous potential in the energy sector. Managed by a highly regarded investment team dedicated to
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  • Page 9 Advertisements
    • 365 9 We are hiring top financial services professionals We are Asia's leading financial services practice and our firm is offering you an exceptional opportunity to work for top blue chip clients across Singapore, Hong Kong, Shanghai and Beijing. Let our years of experience in financial services work for you! 1 I
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  • SINGAPORE MARKETS
    • 614 10  -  Traders keep eye on overseas markets for clues on whether to go short or cover positions STOCKS R SIVANITHY Senior Correspondent THE local stock market yesterday proved to be a fruitful arena for intraday players keen to try and profit from increased volatility, with the
      Source: Bloomberg  -  614 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 5 0 0 0 5 8 5 Manufacturing 35 102 55 4 6 9 39 108 64 Commerce 21 23 25 3 6 3 24 29 28 Tpt/Stor/Comms 13 19 9
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    • 121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 45,782 45,782 129,400 129,400 Manufacturing 325,087 15,491 340,578 325,614 992 326,607 Commerce 100,122 8,683 108,805 190,152 1,168 191,321 Tpt/Stor/Comms 117,589 3,756 121,345 253,288 863 254,151 Finance 37,628 37,628 376,281 376,281 Construction 113,184 40,414 153,598 42,634
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    • 114 10 Stock name Close Change CapMallsAsia 1.720 -0.050 CapitaLand 3.260 -0.060 CapitaMall 1.810 +0.030 CityDev 11.160 -0.140 ComfortDelGro 1.550 +0.010 DBS Grp 14.180 -0.140 F&N 5.610 -0.230 Genting SP 1.910 -0.040 Golden Agri 0.650 +0.005 HK Land 6.850 +0.250 JMH 46.200 +1.160 JSH 27.560 +0.660 Jardine C&C
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    • 4 10 DAILY
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    • 63 10 Feb 28 VALUE CLOSE BT OB/OS -1038.00-188.00 BT CADI -*****.00-159.00 BT 10-day MA -*****.00-104.00 FTSE ST Mid Cap 743.20 -4.67 FTSE ST Small Cap 540.18 -4.66 FTSE ST All Share 742.96 -3.95 FTSE ST China Top 263.45 -1.37 FTSE ST China 296.23 -0.36 FTSE ST Catalist 1073.47
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    • 55 10 VOLUME Golden Agri 162,994,000 Sapphire 98,503,000 Genting SP 75,834,000 Yangzijiang 38,387,000 Olam 30,394,000 Noble Grp 30,379,000 SingTel 26,587,000 ChinaESave 25,028,000 CapMallsAsia 23,487,000 Gallant 21,478,000 VALUE($) Genting SP 146,254,770 UOB 138,004,860 DBS Grp 111,231,880 Golden Agri 106,406,135 OCBC Bk 87,465,078 Olam 83,572,030 SingTel 78,515,750 Keppel Corp 69,326,660 Yangzijiang
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    • BROKERS’ TAKE
      • 402 10 Feb 28 close: $0.65 CIMB, Feb 28 ABOVE forecast; maintain Trading Buy: FY10 core net profit (excluding biological assets and forex gains) of US$387 million is 6 per cent above our forecast and 9 per cent above consensus on higher CPO selling prices achieved. Reported net profit of
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      • 219 10 Feb 28 close: $0.74 DBS VICKERS, Feb 28 MIDAS reported full-year results that were in line with our expectations. Net earnings rose 29 per cent y-o-y to $48.5 million on 38 per cent growth in revenue to $207 million. Gross margin was lower than we expected on higher
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      • 234 10  -  Feb 28 close: $1.81 OCBC Investment Research, Feb 28 Compiled by LYNETTE KHOO ACQUISITION of Iluma for $295 million: CapitaMall Trust (CMT) announced that it has entered into a sale and purchase agreement to acquire Iluma for $295 million from Jack Investment Pte Ltd. Iluma is a shopping
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      • 138 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 470 10 CURRENCIES AFP [TOKYO] The euro firmed against the US dollar in Asian trade yesterday, recouping its earlier losses that reflected worries over Middle Eastern oil supplies sparked by ongoing turmoil in Libya, dealers said. The euro rose to 1.3760 in Tokyo afternoon trade from 1.3749
      AFP; BLOOMBERG  -  470 words
    • 112 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 296.3 2.0 JMH 4620 147.5 2.6 IS S&P500 ***** 115.7 0.7 JSH 2756 83.9 2.5 GLD 10US$ ***** 61.0 0.4 DBS Bk 4.7% NCPS 100 ***** 58.0 0.6 UOB 5.05%NCPS 100 ***** 50.0 0.5 DBXT CSI300 10US$ 1096 39.4 2.9 DBXT
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    • 113 10 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3281-106.8 -2.5 DBXT MSKorea 10US$ 5611 -61.0 -0.8 DBXT S&P Short 10US$ 4287 -59.8 -1.1 STXPO 100 1072 -48.0 -4.3 SGX.ES.1102 792 -44.0 -5.3 SIA 1362 -24.0 -1.7 F&N 561 -23.0 -3.9 Asia Pac Brew 2120 -20.0 -0.9 UOB 1806 -18.0 -1.0
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    • 5 10 DAILY
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  • SINGAPORE NEWS
    • 612 11  -  Low Thia Khiang says Budget was put up with an eye on the coming election YESTERDAY IN PARLIAMENT By CHUANG PECK MING SOME opposition parties, in particular are calling this year’s government budget an election budget because the general election is
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    • 235 11 THE Infocomm Development Authority (IDA) of Singapore has issued a mandatory code of practice for local Internet service providers (ISPs) to ensure that they provide safe and secure services. Called the Secure and Resilient Internet Infrastructure Code of Practice (SRII-CoP), it is a set of
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    • 721 11  -  Arbitrations jumped to 298 last year from just 74 in 2005 By GRACE LEONG DUANE Morris Selvam LLP, a joint venture between Singapore law firm Arfat Selvam Alliance LLC and US law firm Duane Morris LLP, is positioning itself to grow the international
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    • 303 11  -  By MAXIE AW YEONG ECONOMIC progress and environmental development must always go hand in hand, and this is especially important for a small country like Singapore, said Tan Gee Paw, chairman of Public Utilities Board (PUB). Describing the relationship between economic development and
      303 words
    • SINGAPORE NEWS
      • 50 11 ANDREW Ang has been re-appointed to sit as a Judge of the High Court for a further three years by President S R Nathan. Justice Ang, who was first appointed Judge on May 15, 2005, took his affirmation of office at the Istana yesterday.
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      • 73 11 New appointments at Hill Knowlton HILL Knowlton Singapore, a full-service public relations and public affairs consultancy, has appointed Loh Hui Yin as head of Crisis Communications and Adrian Heng as head of Digital. In addition to addressing the client’s needs, they will train the team in crisis and digital communications
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    • 411 11  -  Visitor days were estimated at 4.1m, up 13% y-o-y By NISHA RAMCHANDANI SINGAPORE continues to chalk up solid growth in tourist numbers with visitor arrivals for the month of January rising 16.2 per cent year-on-year to 1.055 million. Visitor days were estimated at
      AFP  -  411 words
  • Page 11 Advertisements
    • 141 11 EMPLOYER NETWORKING: PRODUCTIVIT Y SEMINAR BASICS OF PRODUCTIVITY 1) Basics of Productivity Participants will learn about productivity concepts, productivity measurement, factors affecting enterprise productivity, and techniques for productivity improvement etc. 2) Inclusive Growth Programme Tap on the $40 million Inclusive Growth Programme (IGP) to: > Drive Innovation > Re-engineer Processes
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  • SME Inc
    • 978 12  -  As it turns its eyes to overseas markets, Pay Ah Heng says the lessons it learnt at home have been valuable in charting out its future moves, reports IDAYU SUPARTO FOR many companies adopting a forwardlooking approach is central to how they manage their current operations, but
      ARTHUR LEE  -  978 words
    • 1010 12  - Escalating business costs what can SMEs do? There are a number of opportunities for SMEs to mitigate mounting business costs with the help of Budget measures COMMENTARY By CHEONG CHOY WAI, OW YEONG KHAI HON Cheong Choy Wai is a tax partner, and Ow Yeong Khai Hon is an associate
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    • 1870 14 THIS WEEK’S TOPIC The government has taken a carrot-and-stick approach on productivity by raising the foreign worker levy and introducing higher tax cuts under the Productivity and Innovation Credit (PIC) scheme. How does your firm view the measures? What steps can your company take to
      AP  -  1,870 words
    • 698 14  -  By CHEN HUIFEN LESS than a year after obtaining the US Food and Drug Administration (FDA) approvals for its central aortic systolic pressure monitoring devices, homegrown HealthSTATS International is approaching a tipping point in terms of the adoption rate for them. “I
      FILE PHOTO  -  698 words
    • 611 15  -  The 7-year-old firm has projects worth $40m currently and expects to touch $60m in revenue this year. By Maxie Aw Yeong By Maxie Aw Yeong ‘When the time is right, you should let go,” says Lee Kang Keng, executive director
      YEN MENG JIIN  -  611 words
  • Page 12 Advertisements

  • EMERGING ENTERPRISE
    • 1245 13 What one needs is vision, the right business strategy and market research, not necessarily success at home THE parochial notion of start-ups gaining traction here before looking beyond Singapore’s shores is gradually being challenged. Faced with a small domestic market and opportunities brought by a more
      YEN MENG JIIN  -  1,245 words
  • Page 13 Advertisements
    • 267 13 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, three SMEs will each receive S$390,000 in prizes comprising an interest-free* loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation Award" will
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  • Page 15 Advertisements
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  • ECONOMY WATCH
    • 793 16 Developing nations abandon talk of currency controls as interest rates rise Bloomberg [LONDON] As recently as last month, governments of emerging economies from South Africa to Brazil warned that competitive devaluations might be needed to keep their strengthening currencies from stifling economic growth.
      Bloomberg; BLOOMBERG  -  793 words
    • 726 16 Debt prices have fallen 3.54% since August last year Bloomberg [NEW YORK] Bond market investors are showing the greatest confidence in global economic growth since the credit markets crashed three years ago. Yields on debt securities are rising for a fourth
      Bloomberg  -  726 words
    • 485 16 Bloomberg [SINGAPORE] Bond investors seeking a haven from inflation are pouring funds into Japan’s short-term debt market at a record pace as the nation’s prices continue to fall. Foreign investors bought a net 495 billion yen (S$7.7 billion) of the securities in the month through
      Bloomberg  -  485 words
    • 320 16 Reuters [SEOUL] South Korea, heavily dependent on commodities imports and grappling with its worst foot-and-mouth outbreak, yesterday unveiled cuts to import tariffs on corn, soymeal and 32 other items to ensure supply and curb inflation. The cuts are part of measures taking
      Reuters  -  320 words
    • 484 16 Reuters [TOKYO] Japanese factory output rose in January for a third straight month and manufacturers expect further gains in coming months, a sign that the economy is on track for a moderate export-driven recovery. The data underscored the view by the government and
      Reuters; BLOOMBERG  -  484 words

  • MALAYSIA
    • 525 17 Telco posts full-year earnings of RM2.3b; subscriptions up 14% to 14m in 2010 Reuters [KUALA LUMPUR] Malaysian mobile phone operator Maxis Bhd reported a 21 per cent increase in quarterly profit driven by higher revenue from data services, and warned of further pressure
      Reuters  -  525 words
    • 358 17 AFP [KUALA LUMPUR] Malaysia yesterday said it will allow Indian restaurants and businesses to recruit 45,000 foreign workers, mainly from India, to help fill a shortage that is crippling their activities. Human Resources Minister S Subramaniam said a dearth of foreign workers has
      AFP; THE STAR  -  358 words
    • 166 17 Reuters [KUALA LUMPUR] Malaysian palm oil rose 1.2 per cent yesterday as a key US report signalled growing demand for biofuel, though the vegetable oil is set for its worst monthly loss in more than a year. Supply worries driven by unrest in
      Reuters  -  166 words
  • Page 17 Advertisements
    • 16 17 SCCCI council's brainstorming camp in Chongqing to help SMEs invest in western China 商重助
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    • 1065 17 FEDERAL INTERNATIONAL (2000) LTD (Incorporated in the Republic of Singapore) (Company No. *****7113K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Federal International (2000) Ltd (the “Company”) will be held at 47 Genting Road, Singapore *****9 at 9.30 a.m. on 16 March
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    • 1249 17 TRITECH GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****9330R) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms used in this Notice of EGM which are not defined herein shall have the same meanings ascribed to them in the Circular dated 1 March 2011 to the Shareholders
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  • GREATER CHINA
    • 427 18 Expectations of higher oil prices make energy stocks attractive to funds Reuters [SHANGHAI] Mutual funds in China cut their recommended equity weightings, suggesting lower exposure to financial and property stocks, on concerns rising energy prices could speed up the pace of policy tightening, the
      Reuters; AFP  -  427 words
    • 713 18 Bloomberg [SHANGHAI] China’s bonds were the worst performers among the so-called BRIC nations last month and may remain a poor investment as interest rates increase, according to the manager of the country’s best-performing debt fund. The “bear market may last for several
      Bloomberg  -  713 words
    • 430 18 Bloomberg [BEIJING] China’s drought-hit win-ter-wheat crop received “widespread” rain over the past three days, according to the weather bureau and a state ministry, which still warned more precipitation is needed. Soil moisture has improved in the northern region after as much as 30 mm of
      Bloomberg  -  430 words
    • 393 18 Higher reserve ratios have made Chinese loans expensive Reuters [HONG KONG] Chinese companies’ unabated appetite for overseas acquisitions and tightening onshore lending restrictions are creating a slew of acquisition financing opportunities for foreign lenders as state-owned companies, such as oil firm
      Reuters; REUTERS  -  393 words
  • Page 18 Advertisements

  • INDIA BUDGET 2011
    • 600 19 Increase in spending on infrastructure also expected to boost steel demand Reuters [MUMBAI] India’s steel industry yesterday cheered the 20 per cent export duty hike on iron ore in the FY12 federal budget that will help contain escalating raw material costs.
      Reuters; REUTERS  -  600 words
    • 605 19 Hefty rise seen as move to counter China’s capabilities Reuters [NEW DELHI] India yesterday increased annual defence spending by about 11.6 per cent, aiming to overhaul the military to counter the rapidly growing capabilities of giant neighbour China. The hefty increase suggests
      Reuters; REUTERS  -  605 words
    • 374 19 Bloomberg [MUMBAI] India’s plan to levy a new tax on companies operating in special economic zones (SEZs) may reduce profits at drugmakers, Cipla Ltd and Ipca Laboratories Ltd said. The move to levy the so-called minimum alternate tax on units operating
      Bloomberg  -  374 words
  • Page 19 Advertisements
    • 841 19 BUY IT- SELL IT- FIND IT :*ATci i r"P Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES LOST SHARE CERTIFICATES NOTICE OF MEMBERS'AND CREDITORS' MEETING HOCK CHUAN ANN CONSTRUCTION PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) INCORPORATED IN SINGAPORE REGISTRATION NO. *****0728M Notice is hereby given that a meeting of members and creditors
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  • WORLD
    • 589 20 Purchases may be tempered by the highest gasoline costs in 2 years LATEST US DATA Bloomberg [NEW YORK] Consumer spending in the US rose less than forecast in January as increasing food and fuel prices caused Americans to cut back on
      Bloomberg  -  589 words
    • 662 20 Bloomberg AP [WELLINGTON] The effects of the two earthquakes that devastated Christchurch within the past six months will be felt for years to come, and repairs to the southern New Zealand city may cost as much as NZ$20 billion (S$19.1 billion), the country’s leaders
      Bloomberg; AP; BLOOMBERG  -  662 words
    • 441 20 AP [MUSCAT, Oman] Protesters set a supermarket ablaze and gathered in several sites in a seaside town in Oman yesterday in a third consecutive day of unrest that has included deadly clashes in the strategic Gulf nation. Security forces sealed off main roads to Sohar,
      AP; AFP  -  441 words
    • 594 20 Reuters [LISBON] Portugal yesterday issued a strong appeal for Europe to take tougher action within weeks to protect peripheral economies against market attacks, saying that otherwise efforts to reform its economy would be in vain. Portugal is widely seen as
      Reuters  -  594 words
    • 458 20 Bloomberg [ZURICH] European inflation accelerated less than initially estimated in January, as increases in food and transport prices eased from the previous month. Inflation in the 17-na-tion euro region quickened to 2.3 per cent from 2.2 per cent in December, the European Union’s
      Bloomberg  -  458 words
    • 730 21 Investment banking income falls; costs at unacceptable level, says chairman Bloomberg [LONDON] HSBC Holdings plc, Europe’s biggest bank by market value, reported full-year earnings that missed analyst estimates as investment banking income fell and costs climbed to an “unacceptable” level. Net income
      Bloomberg; AFP  -  730 words
    • 700 21 Fashion retailers are focused on Mideast NYT [NEW YORK] Could the dramatic events in the Middle East ultimately be a bonus to the luxury industry? The events unfolding in the Arab countries, and the subsequent spike in the cost of crude
      NYT; AP  -  700 words
    • 663 21 UNHCR calls for help in the ‘humanitarian emergency’ AFP [VALLETTA, Malta] The United Nations refugee agency said on Sunday that a “humanitarian emergency” was underway as thousands fled Libya in a mass exodus of foreigners from the strife-torn country by air, land
      AFP  -  663 words
    • 464 21 Reuters [PARIS] Veteran politician Alain Juppe was appointed France’s foreign minister on Sunday after Michele Al-liot-Marie quit over a series of gaffes that damaged the government at a crucial time for relations with North Africa. President Nicolas Sarkozy, whose poor ratings have been dragged lower
      Reuters  -  464 words
    • 605 22 Govt may shut down if new compromise measure isn’t agreed before Friday night AFP [WASHINGTON] The US Congress faces a looming deadline this week to reach agreement on spending to avoid a federal government shutdown that could have chilling consequences
      AFP  -  605 words
    • 535 22 Reuters [WASHINGTON] Home ownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released yesterday by the firm the government created in the 1930s to promote home ownership. Fewer than two in
      Reuters  -  535 words
    • 467 22 Bloomberg [RIO DE JANEIRO] Petroleo Brasileiro SA, the world’s third-largest oil company by market value, said fourth-quarter profit surged 38 per cent to a record after production increased. Net income rose to 10.6 billion real (S$8.12 billion), or 81 centavos a
      Bloomberg; REUTERS  -  467 words
    • 631 22 AP [DUBLIN] Opposition leader Enda Kenny has already shattered Ireland’s 80-year-old political monopoly. Now he faces an even more challenging assignment rebuilding Ireland’s economy, nearly brought to its knees by reckless property speculation and bank lending. Defying doubters of his ability,
      AP; REUTERS  -  631 words
    • 651 22 Reuters [LONDON] To get a measure of what financial markets think about plans to make trading in derivatives more uniform and transparent, ask no further than the regulators themselves. Thomas Huertas, a senior UK Financial Services Authority official, said recently that
      Reuters  -  651 words



  • AVIATION/TRANSPORT
    • 408 23 Company eyes dual listing, possibly on a US bourse and on the M’sian exchange AFP [KUALA LUMPUR] Longhaul budget carrier AirAsia X said yesterday that it has ordered three Airbus A330-200s to service its expanding European routes, and that plans for
      AFP; BLOOMBERG  -  408 words
    • 296 23 AFP [MUMBAI] Air India’s Austrian chief operating officer resigned yesterday, reports said, after less than a year at the troubled staterun company during which he struggled with government interference. The Press Trust of India news agency quoted an unnamed company spokesman as
      AFP  -  296 words
    • 3300 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 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 SQ530 1850 Amsterdam LO4031 0605
      3,300 words
    • 356 23 Minister pushes £32b plan amid budget spending cuts to tackle deficit Bloomberg [LONDON] UK Transport Secretary Philip Hammond opened a consultation yesterday on building a £32 billion (S$65.9 billion) high-speed rail line linking London with central and northern England. The high-speed
      Bloomberg  -  356 words
    • 368 23  -  Move comes weeks after he sold off most of his interest in Tiger Airways By VEN SREENIVASAN [SINGAPORE] Just weeks after selling down most of his stake in Tiger Airways, Declan Ryan of Ryanasia is joining forces with Tiger and Thai Airways, which
      368 words
    • 214 23 Reuters [BEIJING] China will not cut its orders for Boeing and Airbus jets since its self-developed commercial jets are not yet able to meet demand, China’s top aviation regulator said yesterday. Industry officials have been monitoring China’s efforts to develop its own domestic
      Reuters  -  214 words
  • Page 23 Miscellaneous
    • 296 23 CRYPTIC CROSSWORD Across 7 Extreme case of indecision under stress (7) 8 In the main, forces welcome victory for workers (7) 10 Well-worn bed, rather a mess! (10) 11 Clumsy chap encountered during dinner date (4) 12 Assumptions that come from building (8) 14 Approach a goddess, finally changing direction
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  • 3503 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN 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 Camden/New Orleans/Tampico Destination COMMODORE
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  • Page 24 Advertisements

  • SHIPPING
    • 457 25 It is attracting more operators, building new cruise terminal to open in mid-2013 Xinhua [HONG KONG] The Hong Kong government is committed to developing Hong Kong into a leading regional cruise hub, said a Hong Kong Tourism Board (HKTB) spokesman in
      Xinhua  -  457 words
    • 560 25 Bloomberg [SINGAPORE] Doosan Engine Co, the world’s second-largest maker of ship engines, said that orders may more than double this year as shipping lines resume fleet enlargement plans and the company works to expand its non-marine businesses. Contracts may climb to 1.8
      Bloomberg  -  560 words
  • Page 25 Advertisements
    • 481 25 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE CRITICAL BUNKER RECOVERY Following a review of bunker costs for the 2-month period ended 25 February 2011, please be advised that the Critical Bunker Recovery (CBR) will be increased to the following levels effective 15 March 2011: For List “A” Ports (Cambodia,
      481 words

  • EDITORIAL & OPINION
    • 449 26 EDITORIAL ACCORDING to a report last week, the London Stock Exchange’s (LSE) bid to merge with Toronto’s TMX Group has run into strong political headwinds in Canada and is expected to face intense scrutiny from Ottawa hardliners who fear possibly conceding control of the
      449 words
    • 783 26  -  THE BOTTOM LINE NEIL BEHRMANN London Correspondent FUTURE historians are likely to damn the sorry Middle Eastern track record of Western intelligence services and their governments. The region’s democratic flames have surprised the Central Intelligence Agency (CIA), Britain’s MI6, other intelligence services and,
      783 words
    • 1038 26  -  Asking US banks to lead financial development in other countries is inviting trouble By SIMON JOHNSON The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, http://baselinescenario.com, a professor at MIT Sloan, and a senior fellow at
      Project Syndicate; BLOOMBERG  -  1,038 words
    • 1097 27  -  A recent poll shows he runs even with a ‘generic’ Republican presidential contender LEON HADAR Washington Correspondent HIS public opinion poll numbers look much better than they did last year in the aftermath of the impressive Republicans’ wins in the midterm elections. But
      AFP  -  1,097 words
    • 674 27  -  Budget reflects growing confidence about global trade and investment By GOKULCHAUDHRI The writer is partner, BMR Advisors. The views are personal AS has been the tradition since colonial times, the Indian finance minister presented the federal budget on the last working day of February. Pranab
      674 words
    • LETTERS TO THE EDITOR
      • 435 27  -  Mano Sabnani YOUR excellent report on the governance of real estate investment trusts or Reits (Emilyn Yap, BT Feb 28) deserves followthrough action by the local regulatory authorities as well as SGX-listed Reits. In particular, the following points made by the CFA
        435 words
      • 375 27  -  Mak Yuen Teen Associate Professor I REFER to the report “Audit woes bedevil China Hongxing, Hongwei” (BT, Feb 28) which once again highlights the corporate governance and account-ing-related issues that are unfortunately all too common for Chinese companies listed on the Singapore Exchange.
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  • Page 27 Advertisements
    • 103 27 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SINGAPORE STOCKS
    • 9129 28 Transaction date: Feb 28 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 17.5 +0.5 176 17.5 17 16.5 18.5 7.8 3.5 3.7 83.8 12 4.5 5834
      9,129 words
    • 1689 29 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 4.5 4 5 21.4 4.3 225 130 6222 t APStrategic 164 158 163 97.3 1.5 0.5
      1,689 words
    • 9547 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.32/ APS Alpha Fund (USD)!** 1.04/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
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    • 249 29 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 $mil 56 38 6000 AVJennings A53cd 49.5 56.5 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US36.5 -0.5 ***** 37.5 36.5 36.5 37 2403.3
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    • 887 29 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 $mil 124 108 6389 ABF SG Bond ETF 110 110.1 111 502.1 1070 761 CIMBAsean40 100US$ US1008 +23 27 1008 1001 1008 1027 40.3 350
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  • FINANCE & COMMODITIES
    • 374 30 In local curr In S$ In US$ dy yr dy yr dy yr Feb 25 Index Change Change Change Change Change Change World Index Preliminary 932.1 0.8 3.8 0.6 3.9 0.8 4.5 EAFE Preliminary 825.9 1.1 3.1 0.7 3.8 1.0 4.4 Europe Preliminary 1206.3 1.2
      374 words
    • 180 30 Feb 28 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.33 0.23 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.60 0.50 9 months 0.80 0.60 12
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    • 22 30 Feb 28 S$ Bid Offer 1-month 1.2713 1.2723 2-months 1.2710 1.2721 3-months 1.2708 1.2719 6-months 1.2701 1.2712 Source: OCBC
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    • 146 30 Feb 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 603.5 592.0 598.5 26 Apr 11 605.0 603.0 598.5 4 May 11 607.0 590.0 598.5 24 Jun 11 607.0 599.0 598.5 7 Jul 11 598.0 Aug 11
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    • 83 30 Feb 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.06.2011 0.34 0.35 0.34 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.45 102.47 102.47 5-Year N*****0S 2.875 01.07.2015 107.28
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    • 107 30 Feb 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1365.50 1318.25 1388.50 1312.00 May 11 1375.00 1329.25 1399.25 1322.00 Jul 11 1382.75 1337.75 1407.50 1331.00 Aug 11 1368.00 1325.00 1381.25 1322.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 56.95
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    • 77 30 CRUDE OIL PRODUCTS Feb 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.18 -1.86 WTI (Near Mth) 98.35 1.35 Dubai (1-Mth F) 106.57 -1.67 Tapis blend 116.46 -2.23 Minas 112.66 -2.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.78 -4.22 Jet Kerosene 126.65 -3.45 US$/barrel Opec Oil
      77 words
    • 2695 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 23 -0.5 172 1 10 -3 1.48 57 6221 Asia-Pacific Strategic W*****6 32 1 150 11 5.13 39 6227 ASJ Hldgs W*****1 3 1 4 27
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    • 121 30 Feb 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.259 Can dollar 1.329 1.278 Euro 1.782 1.714 Sterling pound 2.09 2.01 NZ dollar 0.983 0.937 US dollar 1.294 1.245 Local dollars to 100 units of foreign
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    • 27 30 Feb 28 Open High Sett STI Mar 3006 SIMSCI Mar 357.3 359.7 353.6 Taiwan Mar 307.6 309.4 closed Source: MF Global (S) Pte. Ltd
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    • 67 30 Feb 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3602 3550 3611 3550 399 3386 Apr 11 3594 3509 3617 3495 1732 ***** May 11 3570 3472 3591 3447 ***** ***** Jun 11 3545 3459
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    • 449 30 Feb 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6825 0 4827 Jun11 99.6300 0 2607 Sep11 99.5450 0 3214 Dec11 99.3800 0 2825 EUROYEN TIBOR FUTURES Mar11 99.6625 0 6006 Jun11 99.6500 99.6500 99.6500 99.6525 0 1072 Sep11 99.6450 0 766 Dec11 99.6300 205
      449 words
    • 464 30 Feb 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 6.681 0.738 7.919 45.971 89.524 0.830 11.454 3.102 1.350 87.095 44.307 1.293 4.050 0.943 30.236 31.098 0.631 1.016 Canada 1.008 6.731
      464 words
    • 85 30 Feb 28 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 30 Feb 28 GOLD (US$/oz) Feb 28 Feb 25 Hong Kong 1409.00 1405.20 Feb 25 Feb 24 London 1408.32 1412.99 1409.09 1413.76 Source: Thomson Reuters CAST BAR Feb 28 (S$) Selling Buying Kilobar 62,049.30 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 395 289 10gm 705
      138 words
    • 70 30 Feb 25 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2535.00 2510.50 3 months 2565.00 2541.00 Copper, Grade A (US$/tonne) Cash 9766.00 9504.00 3 months 9760.00 9502.00 Lead (US$/tonne) Cash 2527.00 2501.25 3 months 2517.50 2500.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • 154 30 Feb 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2921 1.2938 1.0162 1.0167 Canadian dollar 1.3018 1.3035 1.0239 1.0244 Euro 1.7505 1.7522 1.3767 1.3770 NZ dollar 0.9573 0.9587 0.7529 0.7534 Sterling pound 2.0481 2.0503 1.6108 1.6112
      154 words
    • 82 30 Feb 25 COCOA (£/tonne) Close Prev High/Low Mar 11 2378 2361 2390/2357 May 11 2368 2350 2377/2345 Jul 11 2295 2274 2297/2268 Sep 11 2246 2222 2248/2219 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2288 2285 2315/2278 May 11 2339 2329 2345/2318 Jul 11 2348 2345 2359/2335 Sep 11
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  • PROPERTY
    • 739 31 Higher office rentals also help lift profit to HK$10.4b, above analyst estimates Bloomberg [HONG KONG] Sun Hung Kai Properties, the world’s largest builder by market value, said fiscal first-half underlying profit rose 60 per cent after it sold more apartments in
      Bloomberg; PHOTOS: BLOOMBERG  -  739 words
    • 427 31 Property sales revenue almost trebles to HK$7.5b Bloomberg [HONG KONG] New World Development Co, the Hong Kong developer controlled by billionaire Cheng Yutung, said fiscal first-half underlying profit rose 30 per cent as revenue from property sales surged. Net income excluding property revaluations
      Bloomberg; BLOOMBERG  -  427 words
    • 1271 32  -  Average rate for landed residential use up 18%; non-landed up 11% By KALPANA RASHIWALA THE government yesterday announced the biggest hikes in average DC rates for hotel and commercial uses since 2007. The increase for landed residential use, at 18 per cent, was
      1,271 words
    • 398 32  -  2.6% jump in NUS index surprises analysts By UMA SHANKARI PRICES of non-landed private homes rose 2.6 per cent in January, according to the monthly index compiled by the National University of Singapore (NUS). NUS’s Singapore Residential Price Index (SRPI) shows that the
      398 words
    • 325 32  -  By SEAN TAN THE Housing and Development Board (HDB) yesterday launched three new build-to-order (BTO) projects offering a total of 1,593 flats. Two of the projects Fernvale Flora and Fernvale Gardens will be in Sengkang, while Segar Vale is in Bukit
      325 words
    • 378 32  -  By JERMAINE NG THE Urban Redevelopment Authority (URA) has launched a commercial and residential site at Hillview Avenue for sale by public tender. The site was launched from the confirmed list of the Government Land Sales (GLS) programme for the first half
      378 words
    • 292 32 THE Fortredale, a freehold residential site located in the Tanjong Rhu Road/ Meyer Road area, has been put up for sale by public tender. This is the second time that the development, which is located next to another recently-launched site
      292 words
  • Page 31 Advertisements
    • 86 31 For Sale By Tender District 10 Prestigious Good Class Bungalow at Dalvey Road 2-storey Balinese Designed detached house on elevated land Site Area: approx 15,081 sq ft Tenure: Freehold Within “White House Park” Good Class Bungalow Area, under Master Plan 2008 Total Floor Area: approx 8,680 sq ft Selling with
      86 words
    • 16 31 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements NOTICES
      16 words
    • 72 31 KnightFrank.com.sg FORSALEBYTENDER 83 SYED ALWI ROAD, ASPINALS HOTEL A 4-storey freehold budget hotel with a basement level •Comprising a total of 51 rooms with lift, 1 restaurant 1 pub •Land Area: 5495sqft approx. Floor Area: 14,165sqft approx •Prime location within the heart of Little India opposite Mustafa Centre •Short distance
      72 words
    • 91 31 For Sale by Tender 16 Freehold Strata Warehouse Units Tagore Building Along Tagore Drive, off Upper Thomson Road within “Tagore Industrial Park” Zoned “Business 1” Total strata floor area: approx 37,189 sq ft Selling with existing tenancies Each unit comes with attached toilet/ water supply Mins to/from SLE, CTE, Ang
      91 words

  • Page 32 Advertisements
    • 102 32 Kallang Cricket Ground Mountbattentral Geylang Sungei Dunman High School Rhu Road Meyer Road TanjongKallang Expressway(KPE) East Coast Parkway(ECP) Stadium MRT Mountbatten MRT Chung Cheng School Sungei Geylang Austral View Road F o r t R o a d Singapore Swimming Club Katong Park Marina Bay Golf Course East Coast Park
      102 words
    • 18 32 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MATS NOTICES
      18 words