The Business Times, 3 March 2011

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Total Pages: 55
1 24 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, March 3,2011
    23 words
  • 569 1  -  With 40 used-ship deals done, SSF eyes Japan and China By JOYCE HOOI [SINGAPORE] The Singapore Ship Sale Form (SSF) is reaching eastward. A translated guidance version of the form will be released in Chinese and Japanese today, in a bid to
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  • 765 1  -  It’s not due to the levy but full employment; Tharman refines PIC to help SMEs with cashflow issues By CHUANG PECK MING [SINGAPORE] Wage costs are shooting up but companies blaming it on the hike in foreign worker’s levy are
    KEVIN LIM/THE STRAITS TIMES  -  765 words
  • 142 1 H ST INDEX 3,027.51 (-40.09) H ST INDEX FUTURES 3,023 (-40) HSIMSCI 356.26 (-5.40) HSIMSCI FUTURES 355.40 (-6.20) FOREX US$ S$ US$ (S$ per US$) 1.272 (US$/S$ per 1.623 2.064 EURO (US$/S$/E) 1.377 1.751 Foreign currency per US$ S$ YEN 82.10 64.50 RM 3.037 2.388 HK$ 7.792 6.128
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  • Page 1 Advertisements
    • 29 1 OPINION BASF warms to a mature China Inc PAGE 19 SEEKING OPPORTUNITIES Be sure to catch our 24-page property supplement with today’s edition of The Business Times PROPERTY 2011
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    • 15 1 HOCK LOCK SIEW Stock suspension: Give investors viable exit strategy PAGE 5 8 '*****1 *****4
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    • 85 1 BizIT Indian firm mulls cloud banking from Singapore PAGE 26 COMMENTARY Revamping board committees for better results PAGE 9 HILL ew m. < feneve m ~ri*' F^Sj^ssPrS You never actually own a Patek Philippe. You merely look after it for the next generation. EST9 19 54 SINCERE fine watches SINGAPORE
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  • TOP STORIES
    • 564 2 Wage bills set to rise as labour market stays tight WAGE costs are shooting up but companies blaming it on the hike in foreign worker’s levy are barking at the wrong tree, Finance Minister Tharman Shanmugaratnam said in Parliament yesterday. The real culprit is the labour shortage and
      564 words
    • 579 2 Reuters [NEW YORK] Rajat K Gupta, a former Goldman Sachs Group board member, has been accused of insider trading by US regulators who said he passed confidential information to Galleon Group founder Raj Rajaratnam including Berkshire Hathaway Inc’s US$5 billion investment in Goldman Sachs.
      Reuters; AFP  -  579 words
    • 969 2  -  Banks ramping up services to tap opportunities in this new growth area By LYNETTE KHOO [SINGAPORE] While “made in China” and “owned by China” are common catchphrases, making the rounds now is the new “paid-in-renminbi” concept as more companies seek to settle their
      REUTERS  -  969 words
    • 840 2  -  By GRACE LEONG [SINGAPORE] US regulators are investigating Las Vegas Sands Corp (LVS), the parent of Marina Bay Sands (MBS), for its Macau operations’ compliance with the US Foreign Corrupt Practices Act, the company disclosed in an annual report. In a filing with the
      AFP  -  840 words
    • 767 4  -  They are in line to receive bonus of 8 months’ of basic pay after GDP spurt By LEE U-WEN [SINGAPORE] The Republic’s red-hot economic growth last year of 14.7 per cent will result in a bumper bonus payout for senior officers in
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    • 311 4 AP [SINGAPORE] Oil prices rose to near US$100 a barrel yesterday in Asia as a report showed US crude and gasoline supplies unexpectedly dropped last week. Worries over political turmoil in the Middle East intensified and also pushed crude-oil prices higher
      AP  -  311 words
    • 566 4  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S national oil company Petronas intends to increase its capital expenditure by up to 38 per cent over the next five years to replace deteriorating assets and to drive growth, in a move that could
      FILE PHOTO  -  566 words
    • 600 4  -  Governor rules out monetising of public debt By ANTHONY ROWLEY in Tokyo GOVERNOR of the Bank of Japan (BOJ) Masaaki Shirakawa yesterday issued a blunt warning in parliament to the government not to expect the central bank to bail it out of
      REUTERS  -  600 words

  • Page 3 Advertisements
    • 117 3 A PRODUCTIVITY. WHAT YOUR TEAM CAN ACHIEVE IN THE RIGHT ENVIRONMENT. JP few L "4 A MGPA It's amazing what you can achieve when you're working in the right environment. This is the inspiration behind Asia Square, the greenest office space in the new Marina Bay downtown. We call it
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    • 138 4 J.Diii iiiiii r<JAii£JJ iiUll SUdTSC 3MCAP0h.S I-SVEIy 1, 2, ii, 4 «S 6 12 NO 0i N J U Pi'd OiULY FitEE ilDi>JJ£>£}JOi x J 5 show floors of EXCLUSIVE I.T. SHOW offers 830 leading manufacturers suppliers showcasing NEW PRODUCTS TECH GADGETS 350,000 sq ft of GREAT BARGAINS and HUGE
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  • COMPANY NEWS
    • 547 5  -  By LYNETTE KHOO DEUTSCHE Boerse has made Singapore funds available for trading through its central securities depository Clearstream, and is slated to introduce Hong Kong funds on its platform next. This is the first step in allowing Asian funds on its clearing system
      AFP  -  547 words
    • 522 5  -  By FELDA CHAY THE Singapore market drew more interest in February compared with a year ago, pushing up the month’s trading volume and value for securities. Data from the Singapore Exchange (SGX) showed that last month’s trading volume for securities rose
      522 words
    • 740 5  -  HOCK LOCK SIEW By VEN SREENIVASAN SHOULD small investors be left holding the proverbial baby for a seeming eternity when a company’s stock is suspended following the discovery of some irregularities? That is the question David Gerald, president of the Securities
      740 words
    • 458 5  -  China lawyer says no misappropriation of funds, going by the law there By TEH SHI NING YET another company’s full-year financial audit has turned up questionable transfers linked to one of its China subsidiaries. CDW Holding, which produces and supplies precision components, has uncovered “unusual”
      458 words
    • 357 8  -  Order book closes after registering some US$1.8 billion of investor interest By KELLY TAY SINGAPORE Telecommunications Limited (SingTel) has joined other big Singapore companies in issuing bonds. Yesterday, it announced that its wholly owned subsidiary, SingTel Group Treasury Private Limited (SGT), had priced
      357 words
    • 730 8  -  No immediate need for equity fund raising, says trust manager’s CEO By KALPANA RASHIWALA AS expected by the market, CDL Hospitality Trusts has announced the purchase of Studio M Hotel, which soft opened in March last year, for $154 million or about $428,000
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    • 554 8 Reuters [HONG KONG] The US$125 billion Asian hedge fund industry’s star power just got bigger, with Carl Huttenlocher quitting Highbridge Capital as head of Asia investments to set up his own startup in the region. As the fund-raising climate for
      Reuters  -  554 words
    • COMPANY BRIEFS
      • 34 8 DARCO Water Technologies Ltd is looking for a replacement for co-founder and executive director Teh Swee Heng, who died yesterday. The company said Mr Teh had made invaluable contributions.
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      • 79 8 C&G Environmental Protection Holdings has made its first foray into sludge treatment with a new plant in Jinjiang city, China. The plant is undergoing equipment installation and trial testing. The investment will be funded via internal funds and bank borrowings. The group expects the plant
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      • 100 8 DUKANG Distillers expects to raise gross proceeds of NT$1.2 billion (S$51.52 million) from issuing 65 million new shares as part of its proposed listing of Taiwan Depository Receipts (TDRs) on the Taiwan Stock Exchange. This is based on an issue price of NT$18.65 per
        100 words
      • 75 8 THE 12-cent drop in Hyflux’s share price to $1.81 yesterday was possibly due to market reaction to volatility in Libya, the company said in response to queries from the Singapore Exchange. Hyflux added that it was seeking SGX approval to amend its articles
        75 words
      • 71 8 CAMBRIDGE Industrial Trust’s trustee has increased its acquisition term loan facility with National Australia Bank to $120 million. About $24.4 million has been drawn on the facility thus far, and the remaining credit can be used to part-finance up to about $240 million
        71 words
    • 611 8 Bloomberg [SINGAPORE] Asian company bonds will outperform US corporate debt this year as the global economic recovery spurs demand for the region’s exports, according to Fullerton Fund Management Co. “As a corporate bond investor, your key concerns are balance sheet
      Bloomberg  -  611 words
    • 311 8  -  By JOYCE HOOI DYNA-MAC shares yesterday rose five cents or 14 per cent in early trading on the Singapore Exchange from their initial public offer price of 35 cents. The counter closed at 37.5 cents. Dyna-Mac’s IPO backed by cornerstone investor Keppel
      311 words
    • 1399 9  -  Specialists should be co-opted without making them board members and committees should be renamed COMMENTARY By MAK YUEN TEEN The writer is associate professor of accounting at NUS Business School, where he teaches corporate governance and ethics THE global financial crisis has led to
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  • SINGAPORE MARKETS
    • 586 6  -  ST Index falls 40 points after Wall Street’s decline and on the completion of short-covering STOCKS R SIVANITHY Senior Correspondent ONCE the short-cover-ing is completed, the selling and/or short-selling can resume. This much has been fairly predictable over the past couple of weeks as global
      Source: Bloomberg  -  586 words
    • 4 6 DAILY
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    • 64 6 Mar 2 VALUE CLOSE BT OB/OS -839.00-300.00 BT CADI -*****.00-227.00 BT 10-day MA -*****.00 -84.00 FTSE ST Mid Cap 750.82 -7.34 FTSE ST Small Cap 542.70 -8.99 FTSE ST All Share 747.64 -9.65 FTSE ST China Top 263.96 -5.52 FTSE ST China 295.73 -5.17 FTSE ST Catalist
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    • 58 6 VOLUME Dyna-Mac 138,134,000 Golden Agri 91,266,000 Genting SP 69,313,000 Olam 34,049,000 Noble Grp 33,541,000 Transcu Grp 30,633,000 SunVic 25,185,000 Inno-Pac 23,967,000 *Genting HK US$ 20,964,000 TopGlobal W*****9 20,190,000 VALUE($) Genting SP 134,266,644 Olam 93,443,280 DBS Grp 83,542,186 Noble Grp 73,375,460 Golden Agri 62,606,259 SIA 60,196,740 Dyna-Mac 52,601,115
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 3 0 0 0 3 11 3 Manufacturing 19 106 59 4 7 5 23 113 64 Commerce 13 24 20 3 2 7 16 26 27 Tpt/Stor/Comms 5 27 11
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    • BROKERS’ TAKE
      • 441 6 DMG Research, March 2 WHILST net interest margin (NIM) has been squeezed sequentially due to the low interest rate environment, we expect NIM to stabilise going forward. We forecast loan growth in the low teens which will contribute to net interest income expansion in FY2011. We have been
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      • 407 6  -  March 2 close: $1.81 OCBC Investment Research, March 2 Compiled by JOYCE HOOI CAPITAMALL Trust (CMT) has announced that it entered into a sale and purchase agreement to acquire Iluma, located opposite Bugis Junction, for $295 million from Jack Investment Pte Ltd. The mall has a net lettable
        407 words
      • 135 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,412 23,412 72,827 72,827 Manufacturing 257,098 9,514 266,612 202,689 482 203,171 Commerce 107,635 7,931 115,566 215,181 1,357 216,538 Tpt/Stor/Comms 95,156 1,841 96,997 216,400 347 216,747 Finance 22,563 30 22,593 185,291 4 185,295 Construction 21,788 2,254
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    • 111 6 Stock name Close Change CapMallsAsia 1.750 CapitaLand 3.320 -0.030 CapitaMall 1.810 -0.050 CityDev 11.160 -0.160 ComfortDelGro 1.510 -0.030 DBS Grp 14.160 -0.260 F&N 5.710 -0.060 Genting SP 1.930 -0.030 Golden Agri 0.685 -0.020 HK Land 6.810 -0.060 JMH 46.920 +0.100 JSH 27.580 +0.020 Jardine C&C 34.180
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    • 471 6 CURRENCIES AFP [TOKYO] The US dollar held on to gains against the euro and yen in Asia yesterday as risk aversion gripped markets due to escalating turmoil in the Middle East and North Africa, sending oil prices higher. The greenback was slightly higher at
      AFP; BLOOMBERG  -  471 words
    • 108 6 BY CENTS CLOSE UP GLD 10US$ ***** 180.5 1.0 DBXT S&P Short 10US$ 4341 128.4 2.4 IS DJ US Tech 6702 61.0 0.7 Lyxor India Nifty 10 1547 48.0 3.2 CIMBAsean40 100US$ 1028 25.4 2.0 DairyFarm 815 24.2 2.4 JMH 4692 12.7 0.2 HsuFuChi 380 10.0 2.7 OmegaNav 165
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    • 127 6 BY CENTS CLOSE DOWN IS S&P500 *****-343.2 -2.0 DBXT Nifty 10US$ *****-161.4 -1.0 DBXT FTVietnam 10US$ 3234 -82.6 -2.0 Pru 500US$ 1112 -66.1 -4.5 DBXT SPASX200 10US$ 3498 -63.6 -1.4 Lyxor China H 10US$ 1602 -55.9 -2.7 DBXT S&P500 10US$ 2054 -43.2 -1.6 DBXT MSTaiwan 10US$ 1915 -41.9 -1.7
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 440 7 to £*w m-K- r, ■v o 5 L' 5 i-.-t* i.-. A' y 1 -T 7. r-' f > v- AaT-' 'A.' < aa--.' ,-P"V T H t >. <-~-j UP? .>* r. >>. %\J4_ *e- V I #s$# Es£/ lS' 3k *«&?•**••**v 'V. -5.%-r •ifeJi-, j. fe' v 1
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  • SINGAPORE NEWS
    • 628 10  -  But the Republic is unlikely to fall into heavy debt, says Finance Minister YESTERDAY IN PARLIAMENT By CHUANG PECK MING GOVERNMENT spendings are tipped to pick up in the next five years but Singapore is unlikely to go the way many
      628 words
    • 310 10 FRESH plans for Whampoa were unveiled yesterday by Heng Chee How, Member of Parliament for Jalan Besar GRC. Speaking about his vision for the precinct, Mr Heng, who is also Minister of State in the Prime Minister’s Office, emphasised heavily on six social aspects, including
      310 words
    • 679 10  -  First cohort of baby boomers turns 65 next year; two new initiatives for ageing announced By LEE U-WEN THE year 2012 will be significant for Singapore as it will be the one when the first cohort of baby boomers those born in 1947 turns
      679 words
    • 370 10  -  Business leaders soak it in at Sun Tzu talk by Prof Wee By ARTHUR LEE SUN ZI, the ancient Chinese General, came alive amid modern German automotive technology on Tuesday night at BMW’s showroom. Professor Wee Chou Hou spent an hour revealing some nuggets
      PHOTOS: ARTHUR LEE  -  370 words
    • 352 10  -  By MAXIE AW YEONG THE Life Insurance Association (LIA) yesterday announced the re-election of Tan Hak Leh as its president for a second one-year term. Re-elected with Mr Tan, who is chief executive officer (CEO) of Great Eastern Life Singapore, is Neal Armstrong, general manager
      352 words
    • 334 10  -  By NISHA RAMCHANDANI MENICON Singapore, a subsidiary of Japanese contact lens manufacturer Menicon Co, has set up a $123 million manufacturing facility at the International Business Park, its first major production and research and development (R&D) centre outside of Japan. The
      334 words
    • 202 10 THE Association of Chartered Certified Accountants (ACCA) has launched a flexible suite of entry-level qualifications targeted at students and employers alike. The qualifications include Introductory Certificate in Financial and Management Accounting; Intermediate Certificate in Financial and Management Accounting; Diploma in Accounting and Business; and Certified Accounting
      202 words

  • ECONOMY WATCH
    • 633 11 If successful, the overhaul could see a slowdown in the country’s economy AFP [BEIJING] China, long the bargain workshop to the world, plans in the next five years to boost wages and narrow a worrying wealth gap as it vies to
      AFP  -  633 words
    • 554 11 AFP [FRANKFURT] Financial markets will track a new staff forecast for 2012 inflation today as a gauge to when the European Central Bank might begin to raise its key interest rate, analysts said. “In terms of policy implications, watch out for 2012 inflation. The closer
      AFP  -  554 words
    • 603 11 Reuters [SEOUL] South Korea’s annual consumer inflation in February rose more than expected to a 27-month peak, staying above the central bank’s target and hardening expectations from economists for another rate rise next week. The consumer price index rose 4.5 per cent in
      Reuters  -  603 words
    • 674 11 Latest PMIs signal growing inflationary pressures Reuters [NEW YORK] Factory input costs rose across the globe in February, the latest sign of brewing inflation pressures, as manufacturing in the United States and the eurozone grew at the fastest pace in years. The sector
      Reuters  -  674 words
    • 540 11 AFP [SYDNEY] Australia’s economy expanded 0.7 per cent in the last quarter of 2010, official figures showed yesterday, but the full impact of disastrous floods has yet to emerge. The statistics bureau said the quarter-on-quarter figure was up from a revised 0.1 per cent
      AFP  -  540 words

  • MALAYSIA/INDONESIA
    • 473 12 Loans growth to stay robust in near term but is seen tapering off later [PETALING JAYA] Banks are expected to do well this year, on the back of robust loans growth and corporate deals that will benefit investment banks, The Star newspaper quoted
      473 words
    • 582 12 Reuters [JAKARTA] Indonesia sees rice output rising 1.4 per cent this year, leading to a surplus that will reduce the likelihood of imports by South-east Asia’s biggest economy, easing fears over escalating prices of the food staple. Ample regional supplies and the reduced prospect
      Reuters; REUTERS  -  582 words
    • 380 12 Bloomberg [KUALA LUMPUR] Proton Holdings Bhd, Malaysia’s state-controlled carmaker, has signed a preliminary agreement with Nissan Motor Co that could lead to Japanese technology being used in cars from the South-east Asian nation. Proton will complete the strategic partnership by April 30, the Subang Jaya-based
      Bloomberg  -  380 words
    • 166 12 Bloomberg [JAKARTA] Indonesia may gradually reduce the maximum deposit guarantee at banks as a global economic recovery reduces the risk that lenders will fail, Bank Indonesia governor Darmin Nasution said. Now “is the right time” to review the guarantee amount because the financial crisis
      Bloomberg  -  166 words
  • Page 12 Advertisements
    • 2648 12 WATS NOTICES BUY IT• SELL IT• FIND IT OSIM INTERNATIONAL LTD nQlf\/l ft (Company Registration No. *****4191N) 11 w I (Incorporated in Singapore with limited liability) Inspiring well-being NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OSIM International Ltd ("the Company") will be
      2,648 words
    • 751 12 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No.ofShares AFP Properties Limited *****11 A S Renganathan 3,548 Golden Agri-Resources Ltd *****05 A S Renganathan 1,383 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from
      751 words

  • GREATER CHINA/INDIA
    • 658 13 Bloomberg [NEW DELHI] India needs disruptive policies and fundamentally different solutions to help meet future challenges, Mukesh Ambani, the country’s richest man, told a group of industrialists. “Mere policy reforms to incrementally affect the status quo will be meaningless,” Mr Ambani, 53, said
      Bloomberg; AP  -  658 words
    • 582 13 Another official removed over disciplinary issues AP disciplinary [SHANGHAI] A widening probe into corruption in China’s powerful Railways Ministry is raising questions over the scale and pace of its multibillion-dol-lar drive to build costly high-speed railways, though it is unlikely to derail the programme.
      AP  -  582 words
    • 671 13 Concessions follow protests and polls showing slump in govt popularity Bloomberg [HONG KONG] Hong Kong’s financial secretary caved in to protests over plans to bolster residents’ pension funds, opting to hand out cash and tax rebates that a week ago he
      Bloomberg  -  671 words
    • 78 13 [BEIJING] Visitors visit the newly-expanded National Museum of China in Beijing, the capital of China on Tuesday. China’s National Museum, lying to the east of Tiananmen Square, reopened Tuesday after more than three years’ of renovation. The exhibition area of the National Museum of China is
      XINHUA  -  78 words
    • 368 13 Bloomberg [BEIJING] Billionaire Zong Qinghou, whose beverage maker Hangzhou Wahaha Group Co has made him China’s richest man, said that he plans to venture into retailing by opening 100 department stores. “We are in talks with many local governments as establishing big
      Bloomberg; BLOOMBERG  -  368 words
    • 18 13 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD D SGD 100.46 21/02/11
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  • Page 13 Advertisements

  • WORLD
    • 671 14 It stays cautious on global outlook, says regulations getting more fragmented Reuters [HONG KONG/LONDON] Asia-focused bank Standard Chartered met expectations with a 19 per cent rise in profits and said it was off to a record start this year
      Reuters; REUTERS  -  671 words
    • 607 14 Reuters [SINGAPORE] UBS, the world’s biggest wealth manager, aims to expand its business in Asia-Pacific at twice the pace of the market’s growth and is boosting investment in the hottest market for private banking to win more client money. Jurg Zeltner, chief
      Reuters; REUTERS  -  607 words
    • 325 14 Bloomberg [ZURICH] Swiss Life Holding AG, Switzerland’s biggest life insurer, has raised its dividend as second-half profit more than doubled on cost cutting and better investment returns. Net income rose to 289 million Swiss francs (S$396 million) in the six months ended
      Bloomberg  -  325 words
    • 635 14 Reuters [MADRID] A drop in Spanish household savings in 2010 shows that consumers are starting to spend after penny pinching through the financial crisis and should aid growth, Economy Secretary Jose Manuel Campa said on Tuesday. But economists warned that with unemployment over 20
      Reuters  -  635 words
    • 193 14 Reuters [WASHINGTON] Duplicating, overlapping and fragmented US government agencies are wasting tens of billions of federal dollars every year, according to a congressional report released on Tuesday. In its first annual report to Congress, which was mandated by legislative action last year,
      Reuters  -  193 words
    • 569 15 It aims to free up about US$8b and compete against Google, Facebook Reuters [NEW YORK] Yahoo Inc is in advanced talks to leave its Japanese joint venture, seeking to resolve its dysfunctional Asian partnerships and free up as much as
      Reuters  -  569 words
    • 679 15 Galliano awaits result of a police inquiry Reuters [PARIS] John Galliano brought flair, vision and a touch of outrage to Dior when he joined the Parisian brand over a decade ago, keeping it in the spotlight as some other legacy fashion
      Reuters; AP  -  679 words
    • 503 15 Reuters [CANBERRA] Australia’s Westpac Banking Corp is betting on a strong rebound in the country’s farm sector, seeking aggressively to boost its exposure to agriculture as farmers recover from a double-whammy of drought and floods. Graham Jennings, head of Westpac’s agri-business lending division,
      Reuters; REUTERS  -  503 words
    • 436 15 Bloomberg [CANBERRA] Australia, the fourth-largest wheat exporter, risks more climatechange damage than other developed countries partly because of the threat to its agriculture, says Ross Garnaut, the federal government’s adviser on the topic. “Our agriculture is particularly vulnerable,” Mr Garnaut told reporters
      Bloomberg  -  436 words
    • 718 15 AP [BANGKOK] Investors disillusioned by the implosion of Wall Street titans, economic anaemia in Japan and a debt debacle in Europe have found abundant opportunities to grow wealth in industrialising economies such as China and India. But now, as angry populations roil
      AP  -  718 words
    • 489 16 He eyes acquisitions, but says there aren’t many elephants that meet his criteria Reuters AP [NEW YORK] Billionaire Warren Buffett said the US economy is “coming back” and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses
      Reuters; AP  -  489 words
    • 306 16 AFP [LONDON] Britain on Tuesday slashed 16 countries including Russia and China from the list of nations it gives financial aid to and said it would no longer fund four “irrelevant” UN aid organisations. Angola and Vietnam are also among countries that will see
      AFP  -  306 words
    • 320 16 AFP [WASHINGTON] Private firms in the United States added 217,000 jobs in February, according to data released yesterday, a solid bump that pointed to a quickening recovery in the struggling jobs market. Private payrolls firm ADP reported a 15 per cent increase in
      AFP  -  320 words
    • 433 16 AP [DHAKA] Nobel laureate Muhammad Yunus has been forced from his position as head of the microfinance lender he founded, Grameen Bank, television stations reported yesterday. Bangladesh’s central bank ordered his removal after accusations that he violated the country’s retirement laws, according
      AP; AFP  -  433 words
    • 645 16 Reuters Bloomberg AFP AP [DUBAI] Investors rattled by spreading Middle East unrest drove stocks across the Arab world down sharply yesterday, with regional heavyweight Saudi Arabia’s exchange suffering another day of steep declines. The kingdom’s benchmark Saudi All Shares Index tumbled
      Reuters; Bloomberg; AFP; AP  -  645 words
    • 370 16 AP [MOSCOW] Former Soviet leader Mikhail Gorbachev was awarded Russia’s highest medal on his 80th birthday yesterday, a belated tribute from the homeland where many blame him for the 1991 collapse of the Soviet Union. Russian President Dmitry Medvedev told Mr Gorbachev during
      AP  -  370 words
  • Page 14 Advertisements
    • 34 14 LESS IS MORE Indian brides ditching traditional heavy make-up for modern, lighter look Indians add to foreign flavour in Singapore private property market GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • FOCUS: GLOBAL FINANCIALS
    • 1194 17  -  Wall Street may be repeating the same mistakes made before the financial crisis, as far as borrowing is concerned By STEVEN M DAVIDOFF NYT DEBT is back. High-yield debt interest rates are low and companies are rushing to borrow. But the revival of the
      NYT; REUTERS  -  1,194 words
    • 679 17 About 5 smaller nations voiced doubts while Germany, France likely to say changes not enough NYT [BRUSSELS] A push to align European corporate tax systems has emerged as the biggest obstacle to a proposal aimed at imposing more fiscal discipline
      NYT; AFP  -  679 words

  • EDITORIAL & OPINION
    • 465 18 EDITORIAL THE recent uprisings in Egypt and Tunisia both of which saw a peaceful end to the crisis as their respective leaders eventually stepped down served as a huge wake-up call to the volatility in the Middle East, a region that was once regarded as
      465 words
    • 878 18  -  THE BOTTOM LINE THOMAS FRIEDMAN NYT FUTURE historians will long puzzle over how the selfimmolation of a Tunisian street vendor, Mohamed Bouazizi, in protest over the confiscation of his fruit stand, managed to trigger popular uprisings across the Arab/Muslim world.
      NYT  -  878 words
    • 986 18  -  And the reappraisal is especially critical now, with the rise of the Asian middle classes By SANJAY CHATURVEDI The writer is professor of political science at Panjab University, Chandigarh, India. This article is a review of the book ‘How Asia Can Shape the World: From
      AP  -  986 words
    • 1141 19  -  Its latest investments in Nanjing and Malaysia spell competition for Singapore’s oil hub Jurong Island RONNIE LIM Energy Editor THERE is clearly a sea change in the way Western investors regard “grown-up” corporate China, evident especially in their dealings with the Chinese conglomerates
      BASF SE  -  1,141 words
    • 882 19  -  In 2011, a drop in external demand, rising inflation and hot money might weigh on economy By G SIVALINGAM The writer is a visiting senior research fellow in the Institute of Southeast Asian Studies (ISEAS), Singapore THE YEAR 2010 has been
      882 words


  • AVIATION
    • 845 20  -  Move follows oil price surge to over US$100 per barrel amid M-E unrest By VEN SREENIVASAN THE International Air Transport Association (Iata) has cut its industry profit forecast for 2011 to US$8.6 billion, compared to its December 2010 forecast of US$9.1 billion, on
      BLOOMBERG  -  845 words
    • 3285 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Amsterdam LO4031 0605 KL836
      3,285 words
    • 438 20  -  Partnership with e2i and WDA will help meet its skills need By VEN SREENIVASAN GLOBAL power systems giant Rolls-Royce has inked a partnership with the National Trades Union Congress’ Employment and Employability Institute (e2i) and the Singapore Workforce Development Agency (WDA) to equip
      438 words
    • 278 20 SGX '000 Mar 2 S$ +/-Vol CH Offshore 0.45 -0.02 156 Chuan Hup Hldg 0.24 unch 25 Cosco Corp 1.99 -0.05 ***** CWT Ltd 1.21 -0.03 1766 Ezra Hldgs 1.67 0.05 8796 First Ship Lea 0.42 -0.01 366 Freight Links 0.07 unch 1192 Grand Banks unch unch 0
      278 words
    • 300 20  -  By VEN SREENIVASAN RESPONDING to the continuing turmoil and uncertainty in the Middle East and North Africa, the International Air Transport Association (Iata) has shifted its 67th Annual General Meeting to Singapore. This year’s meeting was originally scheduled to be in
      300 words
  • Page 20 Miscellaneous
    • 349 20 CRYPTIC CROSSWORD Across 9 Groom wanting old band (5) 10 Loss of silver after end of work in holy place (9) 11 Sweet bit of food pig may come across (7) 12 Mottled piece of fruit divine on the outside (7) 13 Set of beliefs Indian abandoned finally (5) 14
      349 words

  • 4286 21 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
    4,286 words
  • Page 21 Advertisements
    • 26 21 Shippers looking for Warehouse Can they find your services here in the Shipping Times? ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      26 words

  • SHIPPING
    • 525 22 Tough to win deals as surge in Asian demand shrinks number up for hire Reuters [NEW YORK] A lack of available liquefied natural gas (LNG) tankers helped push charter rates up this winter and continues to hamper trade for smaller players without access to
      Reuters; FILE PHOTO  -  525 words
    • 210 22 Reuters [COPENHAGEN] Danish carrier D/S Norden reported a slightly smaller-than-fore-cast drop in operating earnings for the fourth quarter, hit by weak freight rates, and said that 2011 was likely to be a mediocre year. Earnings before interest and tax (Ebit) fell to US$23 million
      Reuters  -  210 words
    • 571 22 Soaring fuel costs hoist freight rates on key grain routes Reuters [SINGAPORE] Spiralling shipping costs for commodities threaten to drive food inflation even higher as nations from Asia to the Middle East and Africa scramble for supplies, stung by grain prices that
      Reuters  -  571 words
    • 278 22 SGX '000 Feb 2 S$ +/-Vol CH Offshore 0.50 -0.01 189 Chuan Hup Hldg 0.26 0.01 60 Cosco Corp 2.28 0.08 7278 CWT Ltd 1.26 0.01 2442 Ezra Hldgs 1.71 0.03 2724 First Ship Lea 0.44 unch 52 Freight Links 0.07 unch 5361 Grand Banks unch unch 0
      278 words
  • Page 22 Advertisements
    • 143 22 HALL 401, SUNTEC SINGAPORE March 1 3, 2011 10:00 TO 18:00hrs www.bairdmaritime.com IS ALL IT TAKES TO CONTACT: ASIAN WORK BOAT 2011 EXHIBITION BUT,WITHSOMUCHTOSEE,ONEVISITSURELYWON’TBEENOUGH. ENTRY IS FREE– All Welcome! Donʼt miss the FREE PRODUCT PRESENTATION SEMINARS. Check our website for latest details. www.asianworkboat.com Aquaculture Support Boats Assault Craft Dredgers Ferries
      143 words

  • SINGAPORE STOCKS
    • 9064 23 Transaction date: Mar 2 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 unch 30 17.5 17 17 17.5 7.8 3.5 3.7 83.8 12 4.5 5834
      9,064 words
    • 1657 24 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 165 +1 1 165 165 160
      1,657 words
    • 9538 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.06/ 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
      9,538 words
    • 250 24 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 $mil 56 38 6000 AVJennings A53cd 50 55.5 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US38 -0.5 ***** 38.5 37.5 38 38.5 2502.1
      250 words
    • 908 24 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 $mil 124 108 6389 ABF SG Bond ETF 110.7 +0.7 28 110.8 110.7 110.7 111 505.3 1070 761 CIMBAsean40 100US$ US1028 +20 7 1028 1028
      908 words


  • FINANCE & COMMODITIES
    • 374 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 1 Index Change Change Change Change Change Change World Index Preliminary 936.5 -0.3 4.3 -0.3 4.4 -0.3 5.3 EAFE Preliminary 829.7 -0.1 3.6 -0.1 4.6 0.0 5.4 Europe Preliminary 1204.7 -0.7
      374 words
    • 177 25 Mar 2 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.32 0.22 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
      177 words
    • 22 25 Mar 2 S$ Bid Offer 1-month 1.2708 1.2718 2-months 1.2705 1.2715 3-months 1.2703 1.2713 6-months 1.2695 1.2706 Source: OCBC
      22 words
    • 121 25 Mar 02 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.258 Can dollar 1.33 1.279 Euro 1.786 1.718 Sterling pound 2.109 2.028 NZ dollar 0.978 0.932 US dollar 1.291 1.242 Local dollars to 100 units of foreign
      121 words
    • 29 25 Mar 2 Open High Sett STI Mar 3016 3016 3023 SIMSCI Mar 361.4 361.4 355.4 Taiwan Mar 310.7 311.6 307.2 Source: MF Global (S) Pte. Ltd
      29 words
    • 65 25 Mar 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3631 3660 3679 3629 1533 3314 Apr 11 3599 3624 3660 3561 2356 ***** May 11 3560 3590 3629 3506 ***** ***** Jun 11 3544 3565
      65 words
    • 472 25 Mar 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6875 0 4827 Jun11 99.6400 0 2607 Sep11 99.5550 0 3214 Dec11 99.4000 0 2875 EUROYEN TIBOR FUTURES Mar11 99.6625 0 6006 Jun11 99.6500 99.6500 99.6500 99.6525 0 1422 Sep11 99.6400 99.6400 99.6400 99.6450 0 766
      472 words
    • 140 25 Mar 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 598.0 598.0 601.0 1 May 11 600.5 600.0 600.0 11 Jun 11 600.0 600.0 600.0 10 Jul 11 597.0 Aug 11 594.0 Sep 11 580.0 Oct 11
      140 words
    • 79 25 Mar 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.06.2011 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 102.46 5-Year N*****0S 2.875 01.07.2015 107.4 107.5 107.46 10-Year NY*****N
      79 words
    • 107 25 Mar 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1367.50 1357.25 1369.00 1347.25 May 11 1375.25 1364.75 1376.50 1353.75 Jul 11 1382.00 1372.25 1384.25 1361.25 Aug 11 1370.00 1359.00 1371.00 1351.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.07
      107 words
    • 77 25 CRUDE OIL PRODUCTS Mar 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.96 1.00 WTI (Near Mth) 99.61 2.61 Dubai (1-Mth F) 106.80 0.44 Tapis blend 117.35 0.76 Minas 113.25 0.76 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.83 -0.34 Jet Kerosene 127.75 -1.20 US$/barrel Opec Oil
      77 words
    • 2616 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 24 unch 217 1 10 -6 1.50 56 6221 Asia-Pacific Strategic W*****6 32 1 150 10 5.16 38 6227 ASJ Hldgs W*****1 3 1 4 40
      2,616 words
    • 464 25 Mar 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 6.643 0.734 7.874 45.293 89.080 0.829 11.387 3.069 1.364 86.549 43.949 1.285 7.043 0.938 29.969 30.877 0.623 1.011 Canada 1.014 6.736
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    • 85 25 Mar 2 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 25 Mar 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2841 1.2857 1.0103 1.0108 Canadian dollar 1.3020 1.3039 1.0244 1.0251 Euro 1.7502 1.7518 1.3770 1.3772 NZ dollar 0.9413 0.9433 0.7406 0.7416 Sterling pound 2.0627 2.0647 1.6229 1.6232
      154 words
    • 137 25 Mar 2 GOLD (US$/oz) Mar 02 Mar 01 Hong Kong 1429.50 1413.80 Mar 01 Feb 28 London 1422.45 1414.70 1423.15 1415.40 Source: Thomson Reuters CAST BAR Mar 02 (S$) Selling Buying Kilobar "62,711.63" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 59 5gm 399 293 10gm 712
      137 words
    • 71 25 Mar 1 Mar 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2577.75 2569.25 3 months 2610.00 2600.00 Copper, Grade A (US$/tonne) Cash 9848.50 9879.50 3 months 9859.50 9885.00 Lead (US$/tonne) Cash 2568.75 2573.25 3 months 2555.00 2562.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 82 25 Mar 1 COCOA (£/tonne) Close Prev High/Low Mar 11 2337 2392 2401/2330 May 11 2325 2381 2389/2316 Jul 11 2262 2308 2315/2246 Sep 11 2242 2280 2288/2223 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2337 2339 2379/2322 May 11 2384 unch 2412/2352 Jul 11 2397 2393 2419/2371 Sep 11
      82 words

  • BizIT
    • 722 26  -  Nucleus Software to expand data centre and product offerings here, writes RAJU CHELLAM writes RAJU CHELLAM IT IS not just the top-tier Indian ICT companies that are looking to Singapore to set up or expand their overseas headquarters to fuel their growth. Now,
      722 words
    • 304 26  -  By JERMAINE NG STARHUB yesterday announced the launch of four new data roaming price plans and Roam Manager, a free service that provides mobile roaming information and data usage costs for customers. The first of its kind in Singapore, Roam Manager allows users to
      304 words
    • 504 27  -  By AMIT ROY CHOUDHURY BUSINESSES in Singapore are looking at solutions which help them to manage data and not just manage storage technology, according to Oracle. Speaking to BizIT, Oracle’s Ong Chee Beng noted that local companies are sophisticated in their use
      504 words
    • 273 27 AFP [SAN FRANCISCO] Motorola Mobility chairman and chief executive Sanjay Jha said on Monday that the US telecom maker is pleased with early sales of the Xoom, its rival to Apple’s iPad. “They’re off to a good start,” Mr Jha said of
      AFP  -  273 words
    • 669 27  -  With financial pressures, they are starting to examine ops efficiencies By VICTORIA HO MILITARY forces are often thought to be well-oiled machines, but in the case of logistics efficiencies, many are closer to creaking behemoths, according to an expert. Allan Manning, a logistics
      669 words
  • Page 26 Advertisements
    • 207 26 One touch scanning Retailing atS$299, get yours before 31 March 2011 and receive a free carry case worth S$65? Scanner price is inclusive of GST. Promotion is on a while-stocks-last basis. Se/er Image Scanner- < On the go Now you can digitise documents no matter where you are with the
      207 words

  • Page 27 Advertisements
    • 456 27 Dear reader, Advertisement You may have been approached to sign long-term license agreements for your virtualization projects. But with the arrival of cloud computing, signing up for a long-term virtualization commitment may lock you into a vendor that cannot provide you with the breadth of technology, flexibility or scale that
      456 words

  • PROPERTY
    • 902 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 08/02/2011 99 1130 2245 1986 District 2 NON-LANDED Int'l Plaza
      902 words
    • 501 28 Analysts unsure how the 2 brothers will handle role as joint CEOs of Westfield Renters [MELBOURNE] The chief executive of Australia’s Westfield Group, the world’s biggest shopping mall operator, is handing control to two of his sons, starting a new era for
      Renters; REUTERS  -  501 words
    • 564 29 Divestments will unlock value of its assets, says company Bloomberg [PARIS] Carrefour SA shares fell in Paris trading after the world’s secondlargest retailer said it plans to spin off 100 per cent of its Dia discount chain and 25 per cent of
      Bloomberg  -  564 words
    • 296 29  -  It’ll invest in and manage real estate assets in the region By UMA SHANKARI [SINGAPORE] Savills has expanded its range of services after acquiring a Singa-pore-based boutique investment advisory company. With the purchase, Savills’ new investment unit Savills Asia Pacific Real Estate will focus
      296 words
    • 345 30 Rising commercial lending boosts net gain to US$17.6m, or EPS of 33 cents Bloomberg [CHICAGO] Starwood Property Trust Inc, the real estate investor founded by Barry Sternlicht, has reported a fourth-quarter profit, with the company’s expanding commercial lending portfolio boosting income. Net income attributable
      Bloomberg  -  345 words
    • 95 30 Reuters [HONG KONG] Shimao Property Holdings Ltd said yesterday it would issue US$350 million senior notes due 2018, raising capital to finance redemption of a floating rate note and to repay other debt. In a filing with the Hong Kong bourse, the Chinese property
      Reuters  -  95 words
    • 144 30 Bernama [CYBERJAYA, Malaysia] Property developer S P Setia Bhd has bought 108.5ha of prime freehold land in Cyberjaya’s flagship zone for RM420.4 million (S$176 million) from Setia Haruman Sdn Bhd. The land will be developed as Setia Eco Glades project by Setia
      Bernama  -  144 words
    • 999 31 Startups also flock to San Francisco, which may hit 2010’s 7.5m sq ft of leasing Bloomberg [SAN FRANCISCO] San Francisco’s office market is rebounding after record space cuts by banks, buoyed by technology companies including Twitter Inc and Salesforce.com Inc that may
      Bloomberg; FILE PHOTO  -  999 words
    • 620 32 It puts developers’ profit margins under pressure, say Credit Suisse analysts Bloomberg [SHANGHAI] China’s less affluent cities, safe havens for developers amid increased government housing curbs, may lose their “advantage” in 2011 as land prices surge, Credit Suisse Group AG said. Land prices
      Bloomberg; PHOTO: SHERILYN CHIA  -  620 words
  • Page 28 Advertisements
    • 132 28 For Sale By Tender Rare Commercial Site Near Bugis MRT Station Not drawn to scale. For reference only. North Bridge Commercial Complex at 470 North Bridge Road, Singapore Opposite Inter-Continental Hotel Bugis Junction Site area 1,079.1 sm (11,615 sf approx) Outline Permission obtained for Commercial use with approved GFA of
      132 words

  • Page 29 Advertisements
    • 229 29 Secure Malaysian prized assets with Sime Darby Property at iProperty.com Expo 5 6 March 2011, Marina Bay Sands (Hall A) Sound and strategic investments Our portfolio of homes are built on prime land in key locations within the Klang Valley, and come with a wealth of amenities and convenience. That’s
      229 words
    • 94 29 London Penthouse Launch k 1 Stunning. Inside and out The 'Premier Collection' London's most sophisticated waterside penthouses, overlooking Canary Wharf. Ultra glamourous apartments supported by the widest range of world-class facilities available in London. PRIVATE CINEMA PENTHOUSE BAR 360" VIEWS SIX SENSES SPA For your invitation to the exclusive cocktail
      94 words

  • Page 30 Advertisements
    • 344 30 r Wn Knight *4 Frank Frank c FOR SALE BY TENDER Freehold Redevelopment Site I 1 mi Located along Changi Road Land area: 2,455.7 sq m (approx. 26,433 sq ft) Master Plan 2008 "Hotel" Possible change of use to 'Commercial' with GPR 3.0, subject to approval from relevant authorities Close
      344 words
    • 173 30 Tired of making endless calls in search for your dreamhouse? We made it hassle-free for you! Introducing “FAST” (First Automated SMS Transponder) Just SMS to *****000 receive full info! It’s really just that simple! Let your fingers do the talking, we’ll do the rest! Experience it now! BUNGALOWS FOR SALE
      173 words

  • Page 31 Advertisements
    • 281 31 NO. 1 SOPHIA ROAD PRIME COMMERCIAL REDEVELOPMENT SITE View from actual development Hi. IRochor (U/C) BUKIT TIMAH ROAD Mount Emily Park Little India r-fl Interchange W|||<je Edge SOPHIA ROAD LASALLE College Of The Arts Sophia SUBJECT A Residences PROPERTY W a (U/C) Peace < Plaza -J, Pomo Q: Singapura y.
      281 words
    • 309 31 Knightfrank.com.sg SkY suite ANSON Dream, what it's like staying in the tallest condo in town, in impossibly stylish apartments, with freedom to entertain anytime, at the 4 high-level sky clubs on the 7 th 31 st 56 th and 72 nd storey. Imagine, a full kitchen that can be totally
      309 words

  • Page 32 Advertisements
    • 5 32 ASIA PACIFIC RESIDENTIAL HIGHLY COMMENDED
      5 words
    • 76 32 Massive development scale Bunbury CBD FOR SALE Boundary indicative 14 Victoria Street, Bunbury, Western Australia Western Australia’s biggest regional city 19,500sqm* of built form potential Site Area: 5,627sqm* with 3 street frontages Z oning: City Centre; Plot Ratio: 3.5:1 www.realcommercial.com.au/*****73 *Approx. FOR SALE BY OFFERS TO PURCHASE Closing 4pm (WST)
      76 words

  • THE BUSINESS TIMES Property
    • 259 1  -  Kalpana Rashiwala THE jury is still out on the latest dose of property cooling measures introduced by the government on Jan 13. Both buyers and sellers are watching the market closely, trying to assess the impact of the measures. It remains to be seen how prices will move.
      259 words
    • 1413 2  -  Singapore can expect less growth in the inflow of foreign investors this year unless exciting new initiatives are announced by the government again, says HAN HUAN MEI HAN HUAN MEI The writer is associate director, CBRE Research THE luxury condominium market
      1,413 words
    • 1059 5  -  Buyers will be more selective and pick projects in more attractive and convenient locations, write NG WEI EN, CHUA CHOR HOON Ng Wei En is research analyst and Chua Chor Hoon is head of South East Asia research at DTZ MASS and mid-tier
      FILE PHOTO; Source: URA, DTZ Research  -  1,059 words
    • 1280 6  -  Cluster housing combines features of landed homes with common facilities, write WENDY TANG PNG POH SOON Wendy Tang is executive director, head of residential services, and Png Poh Soon is associate director, head of consultancy research, Knight Frank LANDED properties shone brightest in the
      Source: Realis, Knight Frank Research  -  1,280 words
    • 1609 8  -  Scarcity and owners’ strong holding power mean the cooling measures may have limited impact on this segment, says WILLIAM WONG The writer is managing director, RealStar Premier Property Pte Ltd LANDED property enjoyed a fantastic year in 2010. Good Class Bungalows in the prime districts
      1,609 words
    • 1797 10  -  Offering unique differentiators helps developments stand out from the competition say JACQUELINE WONG CLAIRE GENT Jacqueline Wong is head of residential and Claire Gent is manager of research consultancy, Jones Lang LaSalle THE luxury prime residential market in Singapore taps into the demands of high
      ARTHUR LEE; Source: Jones Lang LaSalle  -  1,797 words
    • 810 10  - Multi-purpose space the latest interior design trend Eclecticism and resort theme popular among young owners keen to be involved in design process By LINETTE LIM WITH property prices still bouyant, those who are craving the look and feel of a new home without the cost can look at another option
      MASANO KAWANA  -  810 words
    • 781 12/13 Current major projects NO PROJECT TENURE DISTRICT DEVELOPER LOCATION TOTAL A B C D E F G H I J K L M N O P Q R S T U V W X Y Z AA AB AC AD AE AF Spottiswoode
      781 words
    • 1257 14  -  Demand and supply-side measures are stabilising the market after four red-hot years. By EUGENE LIM The writer is key executive officer, ERA IT HAS been some six months since the government announced measures designed to help first-time buyers as well as to keep the
      FILE PHOTO; Source: HDB & ERA transactions; Source: HDB  -  1,257 words
    • 1622 16  -  Sandwiched class who find private housing still pricey despite cooling measures appreciate ECs as an alternative, says ONG KAH SENG Ong Kah Seng is senior manager, research (Asia Pacific) at Cushman Wakefield AFTER a hiatus of half a decade, executive condominiums (ECs) made a
      FILE PHOTO  -  1,622 words
    • 1246 18  -  Major contractors can stay competitive by venturing into property development. By NICHOLAS MAK The writer is executive director, research and consultancy, SLP International YEAR 2010 was a stellar year for the construction industry, with the total value of building contracts awarded amounting to $25.7 billion,
      Source: Building and Construction Authority  -  1,246 words
    • 1319 19  -  DENNIS NG gives the lowdown on how the new rules affect the financing of your new property purchase DENNIS NG Dennis Ng is an accountant by training and founded mortgage consultancy http://www.HousingLoanSG.com in Singapore in 2003 IF YOU have a housing loan
      FILE PHOTO  -  1,319 words
    • 1262 20  -  But home prices may stay stable as debt and building costs are high, while rising wages and jobs may curb any price falls, says DAVID REES The writer is head of research Australasia, Jones Lang LaSalle DURING 2010, the Australian residential property market turned in a
      BLOOMBERG; Source: Australian Bureau of Statistics, Jones Lang LaSalle  -  1,262 words
    • 1160 21  -  Estate agents expect stability in 2011, recovery in 2012, but economists cautious, says NEIL BEHRMANN A FLOOD of new prime developments are boosting the supply of London residential property and foreign investors are the targeted potential buyers. In hyped-up promotions, enthusiastic developers and agents
      Source: UK Land Registry  -  1,160 words
    • 1209 22  -  Industry players cite robust demand for housing backed by strong liquidity, favourable interest rates and stable economy, reports PAULINE NG PROPERTY players expect Malaysia’s residential property sector to perform positively this year on the back of robust demand for housing supported by strong liquidity, favourable
      1,209 words
  • Page 1 Advertisements
    • 81 1 INSIDE Prices of top-end condos may cruise along PAGE 2 Upside potential for luxe rentals PAGE 10 Reaping bigger gains as contractor-developers PAGE 18 Bungalow prices to hold steady PAGE 8 Outlook for London, Malaysia, Australia markets PAGES 20-22 Still a niche for exec condos PAGE 16 IT'S ABOUT DIFFERENT
      81 words

  • Page 2 Advertisements
    • 126 2 Your ideal business space. Science Business Parks mm? i m*" Light Industrial Space i LTampines Biz-Hub 53 Serangoon North Avenue 4 rr Z rr rr rrri <sS 'a* The Kendall MIS 1 V r s s *< S The Capricorn Plaza 80CBP Hi-Tech Industrial Space IK z.r .t .u3R i
      126 words

  • Page 3 Advertisements
    • 242 3 There's a time to see A time to be seen. And one place for it a By Zaha Hadid mi ted HOLLAND ROAD d'Leedon is Pritzker laureate Zaha Hadid's visionary approach to architecture. With seven striking organic towers soaring 36 storeys high and occupying a generous 8-hectare land area, it
      242 words


  • Page 5 Advertisements
    • 150 5 citibank' Our dream home. J'Axf 4 <!• ft f m Powered by Citi. Citibank Home Saver. Finance your new purchase or refinance your existing property with Citibank's competitive interest rates. Citibank Global Home Equity. Consolidate your property portfolio (residential properties in London, Australia, Malaysia and Hong Kong) into one account
      150 words

  • Page 6 Advertisements
    • 145 6 yvltr Living 5y<kccj fiJii/L y<yttr Sjidcej <k ydiicry <yf yvixr jcCf-cxp.rcjj^o-^j. sh ~c. Ml"% 4W Os ski 0 __gjggM«| 1 ft HL il CXrjict ftJxLLcvVerixq PHOTO MACRO COLLECTION PHOTO BY B.I.C. CARPETS. ROCKS, VENETIAN RED tiv> f .4 I x If SB! <* Ft h c (yoruxg PHOTO BY CAMENGO,
      145 words

  • Page 7 Advertisements
    • 102 7 It "J t' i j 7j r. J o •H 1 j i > ft r J- •> ■f F" SB 4 f 4' v< 1 r. >> K/ f? m .no ■> I Lk 1 J I R Ml w i r I E t w >v jr r
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  • Page 8 Advertisements
    • 318 8 POTIKWOOHF \JI I lOVfVvi/t RESIDENCES A* s > FREEHOLD PI AM* k •c im r^iM y y Dedicated To Creating A Masterpiece 111! UOL Group Limited REDAS FINAL RELEASE OF HIGH FLOOR SEA FACING UNITS Spottiswoode Residences soars 36 storeys into the sky, unfolding the city just for you. All
      318 words

  • Page 9 Advertisements
    • 183 9 < 93 0 O 0 93 O A 0 at v ft o ft ft ft ft o 4* <j? S 0 99 JC < 0 Enjoy 0.8 pa first-year rate on your home loan! O 0 Whether you're buying a new home or refinancing, now's the time to take
      183 words


  • Page 11 Advertisements
    • 633 11 Seagate THE CITY IS NOW CLOSER THAN EVER Khatib Camp WOODLANDS ADMIRALTY RESIDENCES Anderson Junior College PROPOSED NORTH SOUTH EXPRESSWAY GAMBAS AVE SEMBAWANG ROAD Seletaris Euphony Gardens Sembawang Golf Course ANG MO KIO AVE 6 Bullion Park Castle Green Nuovo MARYMOUNT ROAD TOA PAYOH RISE Future North South Expressway to
      633 words

  • Page 12/13 Advertisements
    • 106 12/13 EXCE AL Knight Frank m i im¥P P<°>~ty &/700 31 Valuer an SSL connoisse 3 3... mi We're searching the horizon for those who are as excited about life as they are about their job. As the best in the business we have a record of attracting candidates with unusual
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