The Business Times, 10 May 2012
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2012-05-10
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The Business Times
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Title Section25 2012-05-10 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spll A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, May 10, 201225 words
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Article, Illustration686 2012-05-10 1 VEN SREENIVASAN - SIA posts fourth-quarter loss, sees full-year profit fall to $336m amid tough conditions By VEN SREENIVASAN [SINGAPORE] The Singapore Girl is going through a rough patch. Singapore Airlines yesterday posted a sombre set of results which reflected the vulnerability of a business model thatSource: Singapore Airlines - 686 words
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807 2012-05-10 1 JAMIE LEE - By JAMIE LEE [SINGAPORE] Investors here fretting about whether they need to be qualified before trading in Apple Inc shares can rest easy. The Monetary Authority of Singapore (MAS) has reversed its decision to have ordinary shares of companies listed in foreign807 words
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MARKETS DIGEST
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Article110 2012-05-10 1 HST INDEX 2,900.91 (-31.07) HST INDEX FUTURES 2,900 (-23) HSIMSCI 333.32 (-3.74) HSIMSCI FUTURES 332.60 (-3.70) US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.615 2.016 EURO (US$/S$/E) 1.299 1.622 Foreign currency per US$ S$ YEN 79.80 63.90 RM 3.066 2.456 HK$ 7.762 6.218 BAHT 31.02 24.85 RUPIAH110 words
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Article29 2012-05-10 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.514 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 14.75 Source: Bloomberg29 words
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Page 1 Advertisements
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Advertisement244 2012-05-10 1 BizIT Rising mobility boosts media content sector PAGE 28 OVER 95% SOLD! Only 17 high floor units with sea views left for sale Discover a new dimension of fine living r. If I m is? rr-'f-ym/r-Choice apartments of 2, 2+ study and 4-bedroom and Penthouses available. By 2020, the Eastern244 words
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Advertisement9 2012-05-10 1 CORPORATE RESULTS NOL posts US$254m Q1 loss PAGE 29 words
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Advertisement169 2012-05-10 1 PROPERTY Guthrie, Sun make fresh strata investment PAGE 32 (tUa-Wt <PW-£/ •*> i I > i 5 YEARS WARRANTY S YEARS MAINTENANCE n To bring this ad to life, sim store. Point your device at the image to access special hidden content: </s Distinguished by a red-enamelled winged “B”, the169 words
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Advertisement16 2012-05-10 1 HOCK LOCK SIEW Retail investor wises up, stays on sidelines PAGE 6 8 8871 81 *****416 words
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TOP STORIES
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Article, Illustration655 2012-05-10 2 CAI HAOXIANG - Writ issued by President Tony Tan sets May 16 as Nomination Day By CAI HAOXIANG [SINGAPORE] A by-election has been called for Hougang ward to fill the seat left vacant by former Workers’ Party MP Yaw Shin Leong. It is likely to beFILE PHOTOS - 655 words
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Article674 2012-05-10 2 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] Neptune Orient Lines (NOL) saw yet another tidal wave of red yesterday, posting a first-quar-ter net loss of US$253.6 million, almost 30 times its US$9.7 million loss a year ago. The group warned yesterday that if rates and fuel costs do674 words
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Article, Illustration676 2012-05-10 2 MALMINDERJIT SINGH - By MALMINDERJIT SINGH [SINGAPORE] Some say blood is thicker than water. In the case of Singapore’s super-rich, it goes beyond mere rhetoric. More than half of the large fortunes in Singapore are managed by family-run businesses, with inherited wealth growing phenomenallySource: Global Wealth and Family Ties study - 676 words
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THREE-MINUTE DIGEST
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60 2012-05-10 2 THE Singapore Girl is going through a rough patch. Singapore Airlines yesterday posted a fourth quarter loss of $38.2 million, reversing a profit of $171 million during the same period last year. The results translated into a full year net attributable profit of $335.960 words
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59 2012-05-10 2 INVESTORS here fretting if they need to be qualified before trading in shares of Apple Inc can rest easy. The Monetary Authority of Singapore has reversed its decision to have ordinary shares of companies listed in foreign countries to be deemed as59 words
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57 2012-05-10 2 A BY-ELECTION has been called for Hougang ward to fill the seat left vacant by former Workers’ Party MP Yaw Shin Leong. It is likely to be a straight fight between WP and the ruling People’s Action Party. Hougang’s 25,000 voters will go57 words
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56 2012-05-10 2 NEPTUNE Orient Lines saw yet another tidal wave of red yesterday, posting a first-quarter net loss of US$253.6 million, almost 30 times its US$9.7 million loss a year ago. The group warned yesterday that if rates and fuel costs do not become more56 words
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68 2012-05-10 2 COE PREMIUMS ended mixed yesterday amid what some motor distributors described as a slowing market anticipating possible positive changes to the vehicle quota system later this month. A certificate of entitlement in Category A for cars below 1,600 cc slipped $1,601 to $62,600.68 words
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63 2012-05-10 2 UNITED Overseas Bank’s net profit rose 12.4 per cent to $688 million in the first quarter from a year ago, beating analysts’ estimates, as lending margins and fee income improved. Compared with the previous quarter, net profit rose 23.3 per cent, boosted by63 words
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59 2012-05-10 2 CAPITAMALLS Asia Ltd and Malaysia’s Sime Darby Property have entered into a conditional agreement to form a joint venture to develop a shopping mall on a freehold site in Malaysia’s Klang Valley for RM500 million. When completed in 2016, it will have59 words
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571 2012-05-10 2 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] A former China Sky director has failed in his bid to get the High Court to quash a public reprimand by the Singapore Exchange (SGX). While Justice Philip Pillai ruled that the reprimand was subject to judicial review,571 words
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338 2012-05-10 2 SHU-CHING JEAN CHEN - By SHU-CHING JEAN CHEN in Hong Kong HONG Kong Clearing and Exchange (HKEx) said on Tuesday that it had no further comment on its bid for the London Metal Exchange (LME) beyond its confirmation last week of its interest in the exchange.338 words
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Article, Illustration458 2012-05-10 4 SAMUEL EE - But small car and open categories ease $1,601 and $3,020 respectively By SAMUEL EE [SINGAPORE] COE premiums ended mixed yesterday amid what some motor distributors described as a slowing market anticipating possible positive changes to the vehicle quota system later this month. AALPHONSUS CHERN/THE STRAITS TIMES - 458 words
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Article, Illustration395 2012-05-10 4 EMILYN YAP - Euro falls to a three-month low below US$1.30 By EMILYN YAP [SINGAPORE] The race towards investment havens is back on. The US dollar gained sharply against the euro and Asian currencies yesterday as the eurozone debt crisis threatened to flare up once more. “MarketsSource: Bloomberg - 395 words
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Page 2 Advertisements
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Advertisement8 2012-05-10 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 28 words
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Advertisement16 2012-05-10 2 TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 6 SINGAPORE NEWS, PAGE 1416 words
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Page 3 Advertisements
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Advertisement196 2012-05-10 3 WAAAV.VW.com. sg it 9 p\ W K* ■\v m Q Passat n£ N a pK 223 O ]J <0 The Passat. How an executive sedan should be. This beautifully designed, German-engineered sedan has all the features you’d expect from a car of its class, and a few you might not,196 words
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Advertisement10 2012-05-10 4 chelseacreek LONDON SW6 WORLD EXCLUSIVE LAUNCH Londons prime waterside address10 words
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Advertisement199 2012-05-10 5 And all across America... From the north to the south of Asia... In every corner of Europe... 1 A >< u «»»«<.. z mm 7 1 .r z: ert X' ft Z z H "?.S i£'" I ZB 1 Z- .*r <J* 1 z |W| < z C7^c*»rry z z199 words
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COMPANY NEWS
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951 2012-05-10 6 R SIVANITHY - Retail investor wises up stays on sidelines HOCK LOCK SIEW By R SIVANITHY Retail investors have traditionally been given the short end of the stick, with brokers, banks and exchanges placing greater emphasis on big players such as institutions and high-frequency traders (HFT) because of the vast liquidity these sophisticated951 words
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Article, Illustration612 2012-05-10 6 CONRAD TAN - By CONRAD TAN UNITED Overseas Bank’s (UOB) net profit rose 12.4 per cent to $688 million in the first quarter from a year ago, beating analysts’ estimates, as lending margins and fee income improved. Compared with the previous quarter, net profit rose 23.3FILE PHOTO - 612 words
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Article, Illustration470 2012-05-10 8 KELLY TAY - Revenue dips 1.7% to $1.54b of which 60% constitutes commercial sales By KELLY TAY SINGAPORE Technologies Engineering (ST Engineering) yesterday posted a 21 per cent jump in first-quar-ter net profit to $134.4 million, from $111.1 million a year ago. The rise in470 words
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370 2012-05-10 8 MICHELLE TAN - By MICHELLE TAN PARKSON Retail Asia (Parkson) produced a decent but conservative set of results for the third quarter ended March 31, with net profit coming in 5.6 per cent higher than the year before at $9.7 million. Gross sales proceeds for the period rose370 words
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367 2012-05-10 8 LYNN KAN - Rig building, ship conversion, offshore boost revenue 14% By LYNN KAN SEMBCORP Marine’s firstquarter net profit fell 25 per cent to $113 million from $150.6 million in the same period last year. The fall was partly due to initial lower margins from building367 words
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302 2012-05-10 8 NISHA RAMCHANDANI - By NISHA RAMCHANDANI HELPED by a fair-value gain, Raffles Education Corporation posted a net profit of $1.54 million for the third quarter ended March 31, compared with a restated net loss of $0.46 million for Q3FY11. Revenue dipped 5 per cent302 words
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Article, Illustration492 2012-05-10 8 VICTORIA HO - By VICTORIA HO SINGTEL has grown its mobile subscriber base across its regional subsidiaries, as well as back home. The telco said as at end-March, it held 45.9 per cent of Singapore’s total mobile subscribers. It added 273,000 customers from a year agoBLOOMBERG - 492 words
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313 2012-05-10 12 JASMINE NG - Reverse takeover deal with vendors of China-focused developer Ngee Lian By JASMINE NG BRIGHT Orient (Holding) Ltd, the textile company that became a cash company after it ceased its operating business, has struck a reverse takeover deal to acquire privately-held Ngee Lian313 words
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358 2012-05-10 12 MICHELLE TAN - By MICHELLE TAN PERENNIAL China Retail Trust (PCRT), which was listed on the mainboard of the Singapore Exchange (SGX) back in June last year, posted a set of disappointing results for the first quarter ended March 31, 2012, with profit for the period358 words
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401 2012-05-10 12 Reuters [HONG KONG] Hong Kong’s market watchdog said bankers preparing companies for listing on the city’s stock exchange should be fined or even sent to jail if they are found to have misled investors. The proposals are likely to draw strong oppositionReuters - 401 words
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372 2012-05-10 12 RONNIE LIM - By RONNIE LIM DESALINATION group Hyflux a newbie to the power business has enlisted an independent US energy service provider to help it operate and maintain a 411-megawatt power plant which is integral to its $890 million second372 words
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Article, Illustration349 2012-05-10 12 JOYCE HOOI - By JOYCE HOOI SINGTEL’S mobile ad unit Amobee is seeking new alliances, even as it makes new acquisitions. With its latest buyout of 3D mobile ad firm AdJitsu for an undisclosed sum announced on Tuesday, Amobee signalled its intention to partner iAd, Apple’s349 words
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370 2012-05-10 12 Global multi-asset fund to focus on emerging markets Reuters [SINGAPORE] Nuvest Capital aims to raise US$1 billion by the first year of operations, as its founder and Government of Singapore Investment Corp (GIC) veteran Aje Saigal looks to build hisReuters - 370 words
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COMPANY BRIEFS
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67 2012-05-10 12 OFFSHORE and marine company Otto Marine reported a net loss of US$8.99 million for the first quarter ended March 31, reversing from a net profit of US$5.48 million for the same period a year ago. This was despite a 35 per cent67 words
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32 2012-05-10 12 PAN-UNITED Corporation Ltd (PanU) registered a 54 per cent year-on-year rise in first-quarter net income to $9.5 million. Revenue surged 60 per cent to $162.23 million.32 words
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61 2012-05-10 12 AUSGROUP’S net profit for the third quarter ended March 31 more than doubled to A$6.79 million, (S$8.55 million) from A$2.91 million a year ago. Revenue rose 17.6 per cent to A$182.3 million. Gross margins increased from 8.4 per cent during the third quarter of61 words
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50 2012-05-10 12 RH Energy sunk into the red in the first quarter ended March 31, 2012, with a net loss of US$0.62 million on a turnover of US$4.78 million. A year ago, it posted a net profit of US$0.36 million on revenue of US$5.91 million.50 words
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45 2012-05-10 12 PROPERTY development and investment group Sing Holdings reported a net profit of $7.13 million for the first quarter ended March 31, 2012, 67.4 per cent up year-on-year from $4.26 million. Revenue rose 44.2 per cent to $49.57 million45 words
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38 2012-05-10 12 8TELECOM International Holdings’ net profit increased by 145.6 per cent to 2.83 million yuan (S$0.56 million) from 1.15 million yuan a year ago. Revenue rose 2.6 per cent to 84.2 million yuan.38 words
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Article388 2012-05-10 12 Q1 results ended March 2012 NET PROFIT (S$M) COMPANY CURRENT PREVIOUS CHANGE UOB 688.00 612.00 12.4 1,629.00 1,423.00 14.5 ST Engg 134.37 111.10 20.9 1,541.09 1,567.23 -1.7 SembCorp Marine 113.09 150.63 -24.9 942.56 828.89 13.7 Cosco Corp 27.83 37.09 -25.0 978.72 1,010.67 -3.2 OUE 21.78 269.97 -91.9388 words
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Article364 2012-05-10 12 CARINE LEE - By CARINE LEE EZION Holdings’ first quarter ended March 31 saw a 37.4 per cent year-on-year drop in net profit to US$14.08 million or 1.89 US cents per share, despite a 42.3 per cent rise in revenue to US$30.57 million. The fall in364 words
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Advertisement60 2012-05-10 6 -V: m Swiss quality m* wor dwide *3 *.v f rv ill You have complex shipment tasks. .z'> We deliver the best solution. Our staff has tailor-made, flexible solutions for your international letter, newspaper and parcel shipments because your success is our success. Please contact us by calling +65 674860 words
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Advertisement7 2012-05-10 6 Available at KINOKUNIYA PROLOGUE MPH TIMES DUFRY7 words
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Advertisement232 2012-05-10 7 *ts V ;r' "At i X ■< >■' r\ K VN A# V' '.<■ f Vr r/ I v vl M v fee r /\A ip Tr a? :Y < 7 SS I -7 a ■L /ft) 4M 1 J *no UT ww A i m a x u Life’s232 words
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Advertisement132 2012-05-10 8 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bank132 words
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Advertisement9 2012-05-10 8 SingTel’s Amobee sets itself up for partnership, Page 129 words
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Advertisement120 2012-05-10 9 <SB> TOYOTA ALWAYS BETTER. The All-New A CAR DRIVEN TO LEAD. FOR THOSE DRIVEN TO SUCCEED THE ALL-NEW CAMRY IS FINALLY HERE. EXPERIENCE ITS FINEST IN OUR SHOWROOMS NOW. The all-new Camry sets a new benchmark in luxurious comfort with its unrivalled craftsmanship and intricate detailing. Be driven by the120 words
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SINGAPORE MARKETS
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Article, Illustration594 2012-05-10 10 R SIVANITHY - Turnover has remained at depressed levels with unit volume concentrated in low-priced stocks STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday plunged 31.07 points or just under 1.1 per cent to 2,900.91 as Europe-related selling/ shorting resumed following Tuesday’s short-cov-ering bounce. Turnover remainedSource: Bloomberg - 594 words
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Article186 2012-05-10 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 2 0 0 0 3 10 2 Manufacturing 40 69 35 8 6 10 48 75 45 Commerce 13 24 21 7 5 1 20 29 22 Tpt/Stor/Comms 9 24 9186 words
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Article123 2012-05-10 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,676 13,676 70,315 70,315 Manufacturing 289,383 89,870 379,253 198,084 4,444 202,528 Commerce 253,612 84,753 338,365 125,184 2,906 128,090 Tpt/Stor/Comms 139,989 19,146 159,135 182,366 5,966 188,332 Finance 33,169 133 33,302 142,249 30 142,278 Construction 106,901 22,190123 words
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Article111 2012-05-10 10 Stock name Close Change CapMallsAsia 1.410 -0.020 CapitaLand 2.700 -0.030 CapitaMall 1.775 +0.010 CityDev 10.180 -0.140 ComfortDelGro 1.475 DBS Grp 13.740 -0.410 F&N 6.800 -0.150 GLP 2.020 +0.010 Genting SP 1.690 -0.030 Golden Agri 0.675 -0.015 HK Land 6.000 +0.050 JMH 48.500 -0.500 JSH 31.260 -0.900111 words
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Article64 2012-05-10 10 May 9 VALUE CLOSE BT OB/OS -890.00-290.00 BT CADI -*****.00-122.00 BT 10-day MA -*****.00 -89.00 FTSE ST Mid Cap 667.13 -3.94 FTSE ST Small Cap 441.46 -3.61 FTSE ST All Share 701.00 -6.87 FTSE ST China Top 204.54 -3.27 FTSE ST China 240.50 -2.24 FTSE ST Catalist64 words
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Article56 2012-05-10 10 VOLUME Golden Agri 80,575,000 Eucon 61,601,000 JEL Corp 60,651,000 HLH Grp 57,508,000 TT Intl 47,338,000 Blumont 40,964,000 S i2i 40,221,000 AsianMicro 39,963,000 Adventus 35,827,000 Europtron 34,712,000 VALUE($) SingTel 88,964,800 DBS Grp 83,980,520 CapitaLand 55,959,967 Golden Agri 54,753,520 Keppel Corp 52,684,585 Olam 51,960,910 SembMar 49,137,670 Genting SP 45,684,97056 words
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BROKERS’ TAKE
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Article, Illustration419 2012-05-10 10 May 9 close $4.78 DMG PARTNERS SECURITIES, May 9 Q1 FY12 NET profit of $113 million was 18 per cent of our FY12 estimate. Sembcorp Marine (SMM)’s Q112 net profit declined 25 per cent y-o-y to $113 million. While revenue rose 14 per cent y-o-y to $942 million,Source: Bloomberg - 419 words
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Article, Illustration333 2012-05-10 10 Lynette Khoo - Compiled by Lynette Khoo May 9 close: $0.55 DBS GROUP RESEARCH, May 9 SLOW start to the year: OKP reported lower than expected Q1 FY12 net profits of $3.1 million, down 42 per cent y-o-y. Revenue recognition from new projects remained slow, and gross margins also normalised downSource: Bloomberg - 333 words
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Article136 2012-05-10 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,136 words
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Article, Illustration611 2012-05-10 10 CURRENCIES Reuters [LONDON] The euro fell close to a recent three-month low versus the dollar yesterday and the safe haven yen rose broadly amid worries over the impact on the eurozone stemming from political turmoil in Greece and the fragility of Spain’sReuters; BLOOMBERG - 611 words
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Article113 2012-05-10 10 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 300.0 2.3 Asia Pac Brew 3400 100.0 3.0 Petra 280 37.0 15.2 DBXT S&P Short 10US$ 3798 30.0 0.6 Lyxor AsiaCS 10US$ 5430 22.5 0.3 IS MS India 100US$ 571 16.2 2.3 Venture Corp 780 10.0 1.3 HK Land 600 6.2113 words
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Article120 2012-05-10 10 BY CENTS CLOSE DOWN GLD 10US$ ***** -511.6 -2.6 Lyxor ThaiSET 10US$ ***** -178.4 -1.3 Jardine C&C 4550 -128.0 -2.7 DBXT AUDCS 5SG$ ***** -121.0 -0.5 JSH 3126 -112.3 -2.8 IS S&P500 ***** -94.8 -0.6 DBXT MSKorea 10US$ 5690 -93.6 -1.3 JMH 4850 -62.4 -1.0 DBXT MSJAP 10US$ 3550120 words
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Page 11 Advertisements
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Advertisement360 2012-05-10 11 THE MOST SIGNIFICA NT DEVELOPMENT IN LONDON W1 FOR OVER 50 YEARS Welcome to Fitzroy Place, a new development of prestigious apartments in the very heart of London’s West End, just 5 minutes’ walk from Oxford Circus and Regent Street*. Launching May 2012. Prices from £605,000 £8,250,000**. World class retail360 words
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SINGAPORE NEWS
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393 2012-05-10 13 GLENN CHOO - Over two-thirds of HNIs report wealth rising in 2008-11 By GLENN CHOO SINGAPORE millionaires and high net worth individuals (HNIs) found their wealth surging in the past three years despite the global economic uncertainties, a survey by Royal Skandia found. More than two-thirds of393 words
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Article, Illustration578 2012-05-10 13 TIMOTHY LOH - By TIMOTHY LOH INTIMIDATED by the forex market? Ever wanted to trade currencies but didn’t quite know how to go about it? If so, fxUnity is for you. Oanda Asia Pacific’s new social forex trading platform goes online today in Asia and in Europe, and is578 words
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443 2012-05-10 13 MALMINDERJIT SINGH - Interest in trade pact reflects Singapore’s belief in the EU’s future, says S Iswaran By MALMINDERJIT SINGH SINGAPORE and the European Union are close to concluding negotiations on their free trade agreement, which would strengthen their economic ties and also have443 words
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382 2012-05-10 14 FELDA CHAY - RM500m freehold project will have net lettable area of 635,000 square feet By FELDA CHAY CAPITAMALLS Asia Ltd (CMA) and Malaysia’s Sime Darby Property have entered into a conditional agreement to form a joint venture to develop a shopping mall on a382 words
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Article, Illustration244 2012-05-10 14 CLOSING down a business isn’t entirely a negative experience, as “green” stationery entrepreneur Yitch Cheng has shown. While one might expect him to feel resentful after financial constraints made him close down the online business “Squirrel Little H o u s e”244 words
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461 2012-05-10 14 EVE TEO - Coating draws and kills 99% of fungi, bacteria it touches By EVE TEO THE superbugs have met their match, in the form of a new coating that attracts bacteria with a magnet-like feature and kills them without antibiotics. This is an alternative solution461 words
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260 2012-05-10 14 ESM Goh, Premier Wen also note financial cooperation has become a “new bright spot” A MEETING between Emeritus Senior Minister (ESM) Goh Chok Tong and Chinese Premier Wen Jiabao yesterday saw both parties agree that good progress has been achieved in the Tianjin260 words
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Advertisement61 2012-05-10 13 COFFEE CAN BE 1 Nescafe )olce jUStO. CAPPUCCINO ICE& y a t. iai BE SURPRISED BY OUR NEW AUTOMATIC SYSTEMS It makes coffee, tea and your other favourite cafe specialties, hot or cold. Preparation is easy, and it lets you adjust the taste of your beverage, just the way you61 words
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Advertisement1136 2012-05-10 14 CENERALE A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann-***** Paris France BOARD OF DIRECTORS (at January 1, 2012) CHAIRMAN AND CEO: Frederic OUDEA DIRECTORS: Robert CASTAIGNE Michel CICUREL Jean-Martin FOLZ Kyra HAZOU Jean-Bernard LEVY Ana Maria LLOPIS RIVAS Elisabeth LULIN Gianemilio OSCULATI VICE-CHAIRMAN: Anthony WYAND Nathalie RACHOU1,136 words
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ECONOMY WATCH
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565 2012-05-10 15 Move affecting over 100 banks may hit European economic recovery Bloomberg [LONDON] Moody’s Investors Service will this month start cutting the credit ratings of more than 100 banks, a move that risks pushing up their funding costs and forcing them to curb lendingBloomberg - 565 words
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345 2012-05-10 15 Reuters [WASHINGTON] The Swiss National Bank’s cap on the strong franc is appropriate given slow growth and deflation risks, but authorities should return to a floating exchange rate when growth and inflation stabilise, the International Monetary Fund said onReuters - 345 words
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502 2012-05-10 15 Goldman Sachs predicts additional monetary easing by central bank Bloomberg [NEW YORK] Investors should prepare for additional bond purchases by the Federal Reserve, known as QE3, to combat a slowing US economy, said Pacific Investment Management’s Bill Gross and Jan Hatzius at GoldmanBloomberg - 502 words
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Advertisement222 2012-05-10 15 imM:: T~* pP. ,,..1*1 A—m ~y** -r iv—- ,3^-5-**0S£g> SsSSfer *rvn !A-. 35 Vw I -hrt-sff!^ -•Jts- .S’--. trvJK* <' Mi INTRODUCING SYDNEY’S J* Jff m ntraPar YOUR FIRST CHANCE TO INVEST IN SYDNEY’S LARGEST CBD DEVELOPMENT... AUD$2 billion collaboration between the world's great architects and two visionary developers SIMULTANEOUS222 words
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MALAYSIA/INDONESIA
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Article, Illustration514 2012-05-10 16 AFP [JAKARTA] Indonesia’s banking sector is becoming a magnet for foreign firms willing to accept an uncertain investment environment in return for booming growth and an untapped market of tens of millions. Major players are watching with interest the outcome of DBS Group of Singapore’sAFP - 514 words
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490 2012-05-10 16 S JAYASANKARAN - Analysts upbeat on construction sector as works give boost to M’sian firms By S JAYASANKARAN in Kuala Lumpur A STATE company charged with delivering the Klang Valley’s first mass rapid transport system yesterday awarded four additional tenders worth RM3.22 billion (S$1.4 billion) for490 words
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425 2012-05-10 16 PAULINE NG - S’pore joint venture set up to sell steel wires in Asean By PAULINE NG in Kuala Lumpur MALAYSIA’S Southern Steel Bhd (SSB) has entered into a joint venture with Bel-gium-listed NV Bakaert SA to form a joint venture company (JVC) registered in Singapore425 words
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Advertisement719 2012-05-10 16 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00 am to 5.30 pm) What you will learn: Helping your sales team overcome day-to-day challenges Evidence-based coaching models to support your sales team Getting accountability from your sales719 words
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GREATER CHINA/INDIA
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719 2012-05-10 17 Rising wages, costs will force changes in managing economy Reuters [WASHINGTON] As China confronts the prospect of an ageing population that will drive up wages, Beijing will be compelled to let market forces play a larger role in managing the economy, aReuters - 719 words
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309 2012-05-10 17 Bloomberg [HONG KONG] Chinese luxury car dealers China ZhengTong Auto Services Holdings Ltd and Baoxin Auto Group Ltd plan to sell their first US dollar-denominat-ed bonds this week, according to people familiar with the transactions. Both companies are marketing five-year bonds toBloomberg - 309 words
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247 2012-05-10 17 Reuters [SHANGHAI] China’s securities regulator is considering allowing foreign companies to directly issue bonds that will trade on the Shanghai Stock Exchange (SSE), two sources, including one with direct knowledge of the situation, told Reuters yesterday. The China Securities Regulatory Commission (CSRC) and theReuters - 247 words
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Article, Illustration682 2012-05-10 17 New rules, fee hike, scrapping of permits threaten mobile phone market Bloomberg [NEW DELHI] India’s mobile phone industry, once a symbol of rapid growth, is turning into something else: a demonstration of the difficulty of doing business there. Some telecom companies haveBloomberg; BLOOMBERG - 682 words
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529 2012-05-10 17 Bloomberg [NEW DELHI] India, the largest rice grower after China, is poised to rival Vietnam as the world’s biggest shipper, ending Thailand’s 30-year reign, after favourable weather and higher government prices boosted the harvest to a record. Exports may climbBloomberg - 529 words
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Page 17 Advertisements
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Advertisement287 2012-05-10 17 BUSINESS LEADERS INITIATIVE CEO LEADERSHIP EXCHANGE 23 &24 May 2012 THE NEW NORM AN EXCLUSIVE EVENT FOR CEOs AND SENIOR MANAGEMENT The Global New Normal and Opportunities for Home Grown Global Champions Growth Amidst a Backdrop of Changes in the Global Environment OTHER SPEAKERS AND PANELISTS: Mr Willie Cheng Former287 words
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WORLD
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537 2012-05-10 18 Head of biggest party launches fresh attack on leftist Alexis Tsipras’ plans Reuters Bloomberg [ATHENS] Greece moved closer to a second snap election yesterday when the head of the biggest party launched a new attack on radical leftist AlexisReuters; Bloomberg - 537 words
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Article, Illustration658 2012-05-10 18 Figures boost hopes of averting recession and euro woes Reuters [BERLIN] German exports and imports both leapt to record monthly levels in March, bolstering hopes that Europe’s largest economy has escaped recession and highlighting its resilience to the eurozone’s deepening debt crisis. Yesterday’sReuters; AP - 658 words
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Article, Illustration565 2012-05-10 18 Bloomberg [LONDON] UK Prime Minister David Cameron put overhauls of the banking system, employment law, the electricity market and pensions at the heart of his legislative programme for the coming year. Queen Elizabeth II, Britain’s head of state, read out to ParliamentBloomberg; AP - 565 words
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553 2012-05-10 18 AFP [TOKYO] Japan’s government will take a controlling stake in the operator of the Fukushima nuclear plant under a plan ministers approved yesterday, effectively nationalising one of the world’s largest utilities. Tokyo will inject one trillion yen (S$15 billion) as part of aAFP - 553 words
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Article, Illustration398 2012-05-10 19 Weak economic performance, eurozone banking crisis having knock-on effects on City Bloomberg [LONDON] Europe’s sovereign debt crisis may reduce employment in London’s financial services to its lowest level in about 16 years, the Centre for Economics Business Research Ltd (CEBR) said. Jobs inBloomberg; BLOOMBERG - 398 words
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506 2012-05-10 19 Bloomberg [SINGAPORE] Asian lenders are becoming more active in the region’s project finance loan market as European banks retreat, according to Sumitomo Mitsui Banking Corp (SMBC) andDBS Group Holdings Ltd. European lenders’ share of the Asia-Pacific loans market fell toBloomberg - 506 words
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447 2012-05-10 19 London and German companies raising total of US$1.3b Reu ters [LONDON] The trend of European borrowers accessing US liquidity has stepped up a gear, with Misys becoming the latest company to tap the US leveraged loan market as cash continues toReuters - 447 words
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628 2012-05-10 19 New rules mean additional costs, fewer investment options for lenders Bloomberg [SINGAPORE] Go away, American millionaires. That’s what some of the world’s largest wealth-man-agement firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act (Fatca), which seeks toBloomberg - 628 words
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603 2012-05-10 20 ANTHONY ROWLEY - Deal would be one of biggest overseas acquisitions by Japanese company By ANTHONY ROWLEY in Tokyo GIANT Japanese trading house Marubeni Corp is reportedly in “advanced talks” with US grain and energy trader Gavilon Group to acquire the firm for around US$5.2603 words
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475 2012-05-10 20 Regulator makes comments after return from dialogue in China NYT [NEW YORK] The chairman of the US regulator that inspects audit firms an agency that has been frustrated by its inability to review audits of Chinese companies that turned out to be frauds saidNYT - 475 words
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Page 18 Advertisements
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Advertisement548 2012-05-10 18 > Home in on a variety of property listings in Malaysia @STProperty.sg =13STPROPERTY.sg [«ATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF IUT SINGAPORE PTE LTD (In Creditors’ Voluntary Liquidation) Reg No. *****6851Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant548 words
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Page 19 Advertisements
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Advertisement1130 2012-05-10 19 NORTHERN TRUST CORPORATION Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois CONSOLIDATED BALANCE SHEET As at December 31 (US$ in Millions Except Share Information) 2011 2010 ASSETS Cash and Due from Banks 4,315.3 2,818.0 Federal Funds Sold and Securities Purchased under Agreements to Resell1,130 words
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Page 20 Advertisements
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Advertisement2174 2012-05-10 20 YOMA STRATEGIC HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0185E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Anson III, Level 2, M Hotel, 81 Anson Road, Singapore *****8 on 25 May 20122,174 words
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Advertisement23 2012-05-10 20 SN..A www.omy sg S* t -t S o'i MT 1 1 rv.-? HIrMlllhilllr GHEGKIINIBonanza withlSentosa for special deals and promotions 16/4/2012-14/5/2012 T^0 hfestyle.omy.sg23 words
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Advertisement27 2012-05-10 20 THE NEW JOHN Bollywood star with hot bod is reinventing himself LITTLE INDIA’S GARLANDMAKER FROM CHINA GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST27 words
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AVIATION/SHIPPING
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411 2012-05-10 21 Airline announces cost-cutting measures in view of higher fuel prices AFP [HONG KONG] Cathay Pacific said yesterday that its 2012 first-half results are likely to be “disappointing”, as it announced a raft of cost-cutting measures in response to higher fuel prices. The Hong KongAFP - 411 words
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Article, Illustration582 2012-05-10 21 Britain fears oil price spike with pressure on Asian shippers Reuters [BRUSSELS] Britain is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian oil, arguing that it could lead toReuters; REUTERS - 582 words
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602 2012-05-10 21 Bloomberg [HONG KONG] China Ocean Shipping (Group) Co, the nation’s biggest operator of dry-bulk ships, said Vale SA was refusing to use its vessels to protest a Chinese ban on the Brazilian miner’s mega-ships. The state-owned company, known as Cosco, expects aBloomberg - 602 words
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Article246 2012-05-10 21 SGX '000 May 9 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.23 -0.01 401 Cosco Corp 0.97 -0.03 7722 Ezra Hldgs 1.05 0.02 6322 First Ship Lea 0.20 unch 49 Freight Links 0.06 unch 1655 Grand Banks unch unch 0 Jaya Hold Ltd 0.23 K1Ventures...............0.10 unch 231246 words
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Article, Illustration342 2012-05-10 21 AFP Reuters [MUMBAI] Some 50 more pilots from India’s national carrier Air India joined a second day of industrial action yesterday, taking the total to 150 and forcing more international flights to be cancelled, officials said. The airline, which is losing nearly US$2AFP; Reuters; AP - 342 words
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439 2012-05-10 21 Bloomberg [MONTREAL] Bombardier Inc’s large and mid-sized jets are leading a recovery in business aircraft sales as US corporations upgrade their fleets with cash stockpiled after the 2008-09 financial crisis. Those planes offer a bright spot in a market battered by slumping demandBloomberg - 439 words
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Page 21 Miscellaneous
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Miscellaneous325 2012-05-10 21 CRYPTIC CROSSWORD Across 3 Like a horse, one of five appearing during mid-week (6) 6 Try to avoid getting the bird (4) 8 A posh church safeguarding one of gold (5) 9 Remarkable name for ship! (1,1,1,8) 10 No information on gas in spa (5) 11 Kind of reed that’s325 words
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EDITORIAL & OPINION
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Article448 2012-05-10 22 EDITORIAL ACCORDING to findings by leadership consultancy firm Zenger Folkman, and contrary to popular belief and even previous studies, women may actually outperform in areas traditionally considered to be the domain of men. The firm surveyed more than 7,000 business leaders and found that448 words
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Article, Illustration834 2012-05-10 22 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent EUROPEAN electorates are casting off their hair shirts and rebelling against fiscal austerity. While this might seem to reflect badly on a democratic process that allows voters to plump for the soft option,834 words
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Article, Illustration966 2012-05-10 22 PHILIPPE MAYSTADT - Investing in intangible capital helps services sectors contribute to productivity growth By PHILIPPE MAYSTADT in London The writer is a former minister for economic affairs, minister of finance, and deputy prime minister of Belgium. He was president of the European Investment Bank from 2000-2011AFP - 966 words
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Article, Illustration1066 2012-05-10 23 ALEX BRYSON, GIAMBATTISTA ROSSI, ROB SIMMONS - Striking data from a field with many expatriates whose relative quality can be easily measured By ALEX BRYSON, GIAMBATTISTA ROSSI, ROB SIMMONS Alex Bryson is senior research fellow at the National Institute of Economic and Social Research, visiting research fellow at the Centre for EconomicREUTERS - 1,066 words
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Article, Illustration815 2012-05-10 23 ALEX EYMIEU, TRAIN LUO - By ALEX EYMIEU, TRAIN LUO Alex Eymieu is a partner, Financial Services Practice, and Train Luo is managing partner, China, at CTPartners, an executive search firm SINGAPORE once again upholds its reputation as the most liveable city among Asian expatriates, according to a studySTOCK.XCHNG - 815 words
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Article690 2012-05-10 23 KEN MANDEL - There’s no fixed formula; you need passion, confidence By KEN MANDEL The writer is managing director of Buddy Media Asia Pacific, and judge on ‘Angel’s Gate’, Channel NewsAsia’s business reality programme A LOT of people have the mindset that starting a business is just taking690 words
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Page 23 Advertisements
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Advertisement15 2012-05-10 23 This article is sourced from VoxEU.org, a Web portal featuring the views of prominent economists15 words
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Page 24 Advertisements
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Advertisement1259 2012-05-10 24 THE BUSINESS TIMES Shipping Times n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E 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 Destination1,259 words
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Advertisement866 2012-05-10 24 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMPA FF220 25/04 30/04 02/05 06/05 12/05 18/05 TAIKO FF222 13/05 16/05 19/05 21/05 27/05 02/06 TAMESIS FF223 27/05 30/05 01/06 06/06866 words
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SINGAPORE STOCKS
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Article2978 2012-05-10 25 Transaction date: May 9 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 123 92.5 AIMSAMPIReit --AAT Net P/E M Cap2,978 words
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Article246 2012-05-10 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) Day High Last Quote Low Buyer Seller Div Gr Yld Net C'vr P/E M Cap Smil 34 12.1 t246 words
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Article9366 2012-05-10 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.25/ AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited EM Local Ccy Bond FM Local Ccy Bond ,0 9596/ Global Emerging Markets!9,366 words
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Article192 2012-05-10 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US35 -0.5 5593 35.5 34.5 34.5 35 2304.6 Vol 201 168 TanChongInt HK189cd -1 27 189 185 187 190 4.3 3.7 6.3192 words
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Article901 2012-05-10 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 100 CIMB APAC Div 100US$ US103 98.7 99.7 10.8 1261 856 CIMBAsean40 100US$ US1028 1016 1023 161.2 ***** ***** DBXT AUD Bonds 5AU$ A***** *****901 words
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FINANCE & COMMODITIES
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Article607 2012-05-10 27 May 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9112.72 9115.94 9021.20 Jun12 9135.00 9150.00 9020.00 9060.00 ***** *****5 Sep12 9060.00 9060.00 9060.00 9055.00 19 7959 MSCI TAIWAN INDEX FUTURES SPOT 267.53 268.02 265.47 May12 267.60 267.80 264.30 266.10 ***** *****7 Jun12 265.50 266.10607 words
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373 2012-05-10 27 In local curr In S$ In US$ dy yr dy yr dy yr May 8 Index Change Change Change Change Change Change World Preliminary 871.6 -1.2 5.0 -1.1 1.4 -1.3 5.2 EAFE Preliminary 700.5 -0.9 2.7 -1.0 -0.8 -1.2 2.9 Europe Preliminary 1031.0 -1.7 0.4373 words
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Article, Illustration136 2012-05-10 27 As on 8 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1637.30 1596.10 1604.70 328 CURRENCY AUD-USD FUT JUN2012 1.0146 1.0068 1.0077 1518 EUR-USD FUT JUN2012 1.3042 1.2986 1.3021 2132 BASE METAL COPPER FUT JUL2012 8260 8080 8110 2478136 words
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Article107 2012-05-10 27 May 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1437.75 1463.50 1466.75 1434.50 Jul 12 1438.25 1465.75 1471.25 1434.25 Aug 12 1425.25 1448.75 1454.00 1422.00 Sep 12 1371.25 1386.50 1391.00 1367.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 52.90107 words
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Article76 2012-05-10 27 CRUDE OIL PRODUCTS May 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.00 -0.98 WTI (Near Mth) 97.29 -0.80 Dubai (1-Mth F) 108.82 -0.30 Tapis blend 119.36 -0.20 Minas 118.66 -0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.89 0.45 Jet Kerosene 125.82 -0.18 US$/barrel OpecOil Basket76 words
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Article23 2012-05-10 27 May 9 May s$ Bid Offer 1-month 1.2479 1.2489 2-months 1.2478 1.2488 3-months 1.2476 1.2487 6-months 1.2467 1.2478 Source: OCBC23 words
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Article68 2012-05-10 27 May 8 May 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2016.25 2028.00 3 months 2057.00 2066.50 Copper, Grade A(US$/tonne) Cash 8192.50 8253.50 3 months 8095.00 8175.00 Lead(US$/tonne) Cash 2078.50 2100.25 3 months 2092.00 2105.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0068 words
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Article80 2012-05-10 27 May 8 COCOA (£/tonne) Close Prev High/Low May 12 1538 1511 1548/1520 Jul 12 1539 1526 1555/1526 Sep 12 1525 1514 1540/1513 Dec 12 1510 1495 1523/1497 COFFEE(US$/tonne) Close Prev High/Low May 12 2019 1995 2020/2000 Jul 12 2040 2019 2045/2015 Sep 12 2042 2019 2044/2015 Nov 12 203380 words
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1142 2012-05-10 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 295 9.75 24 AlliedTech W*****2 Ratio Exer Baker Technology Ltd W*****6 1.1 1 32 18 25.45 6 Best World Intl Ltd W*****5 Disc Biosensors BP1,142 words
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Article471 2012-05-10 27 May 9 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 6.364 0.776 7.829 53.932 93.140 0.805 11.510 3.092 1.281 91.617 42.778 1.259 7.990 0.932 29.639 31.285 0.624 1.009 Canada 0.991471 words
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Article63 2012-05-10 27 May 9 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 2 mths 6 mths 3 mths 0.***** 6 mths 0.***** 0.***** SWAP Mid rates (S$) 0.*****63 words
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Article155 2012-05-10 27 May 9 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2583 1.2599 1.0083 1.0088 Canadian dollar 1.2475 1.2487 0.9997 0.9998 Euro 1.6213 1.6232 1.2992 1.2997 NZ dollar 0.9818 0.9839 0.7868 0.7878 Sterling pound 2.0154 2.0173 1.6150155 words
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Article135 2012-05-10 27 May 9 GOLD(US$/oz) May 09 May 08 Hong Kong 1596.20 1637.00 May 08 May 07 London 1595.70 1635.53 1596.70 1636.36 Source: Thomson Reuters CAST BAR May 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 155 64 5gm 440 322 10gm 785 644135 words
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Article82 2012-05-10 27 May 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 10-Aug-12 0.26 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 5-Year N*****0Z 2.375 01-Apr-17 108.95 109.03 109.02 10-Year NX*****X82 words
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Article57 2012-05-10 27 May 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3360.0 3355.0 3360.0 3360.0 10 2262 Jun 12 3350.0 3359.0 3376.0 3343.0 1016 ***** Jul 12 3339.0 3351.0 3371.0 3335.0 ***** ***** Aug 12 3328.0 3340.057 words
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Article121 2012-05-10 27 May 09 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.29 1.229 Can dollar 1.277 1.217 Euro 1.66 1.581 Sterling pound 2.052 1.974 NZ dollar 1.01 0.962 US dollar 1.266 1.218 Local dollars to 100 units of foreign121 words
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Article156 2012-05-10 27 May 9 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12156 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration758 2012-05-10 28 AMIT ROY CHOUDHURY - Content enabler Encompass sees big growth in S’pore, saysAMIT AMIT ROY CHOUDHURY THE growing popularity of connected devices such as smartphones and media tablets has been a major game changer for the digital media industry. Never before have media owners delivered as much high-quality,758 words
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Article, Illustration828 2012-05-10 28 CLEMENT TEO - By CLEMENT TEO STORING and sharing large files via email has been a bugbear for collaboration and communication; no longer. Now, users can upload photos, videos and imagerich presentations to the cloud. With Singapore Telecommunications’ (SingTel) Store And Share, for example, subscribers canFILE PHOTO - 828 words
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Article, Illustration943 2012-05-10 28 VICTORIA HO - BlackBerry PlayBook version 2.0 addresses many original pain points, but the competition still stands ahead <cool stuff> VICTORIA HO Reporter WHEN Research In Motion (RIM) came to the market last year with its first tablet device, it was hoped that the PlayBook943 words
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Page 28 Advertisements
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Advertisement35 2012-05-10 28 > I 'Q. S' D Ma A g C a 2i ne r, f f S.1 kr°° 0/80^rt MAGAZINE FEATURED Check this out and many other properties in CATS Classified in The Straits Times now! WAT335 words
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PROPERTY
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142 2012-05-10 29 Reuters [NEW YORK] CBRE Group Inc, the world’s largest commercial real estate services company, said on Tuesday that CEO Brett White, 52, will retire at the end of the year and be succeeded by company president Robert Sulentic. Mr Sulentic, 55, hasReuters - 142 words
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Article1209 2012-05-10 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN APRIL 11 AND APRIL 17, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 16/04/2012 99 1701 3520 2069 District 31,209 words
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Article, Illustration304 2012-05-10 29 World No 1 hotel group posts 5% rise in Q1 operating profit to US$118m Reuters [LONDON] World No 1 hotelier InterContinental Hotels reported strong growth in its two biggest markets China and the United States –as it posted a 5 per cent rise inReuters; REUTERS - 304 words
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Article, Illustration306 2012-05-10 31 LIM WEI SHENG - Capri by Fraser aims to bridge gap between hotels and serviced residences By LIM WEI SHENG FRASERS Hospitality unveiled its new hotel residence brand Capri by Fraser yesterday. The new brand aims to bridge the gap between ho- tels and serviced residences, and is targeted306 words
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Article, Illustration297 2012-05-10 31 ANNA LEE - By ANNA LEE THE National Library Board (NLB) and City Developments Ltd (CDL) yesterday unveiled plans to develop the world’s first green library for children, named My Tree House. It will be steered by green principles in all facets from design, infrastructure and297 words
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365 2012-05-10 31 LIM WEI SHENG - Drop is second biggest among 33 Asia-Pac cities: CBRE By LIM WEI SHENG PRIME office rents in Singapore fell 5.4 per cent in the first quarter of 2012 from the previous three months, the second-biggest drop among 33 cities in the Asia-Pacific365 words
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Article, Illustration612 2012-05-10 32 KALPANA RASHIWALA - They pay $89.3m or $1,318 psf for 66 Burlington Square office units By KALPANA RASHIWALA GUTHRIE and Sun Venture continue to tap the strata commercial property market. A tie-up between the two earlier this week snapped up all 66 office units in Burlington SquareFILE PHOTO - 612 words
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778 2012-05-10 32 Wide discrepancy between appraisal values, sale prices NYT [NEW YORK] In the recent economic crisis, commercial landlords and lenders discovered myriad ways to find themselves on the brink of financial disaster. Excessive purchase prices many based on faulty property appraisals were a major factor,NYT - 778 words
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Page 29 Advertisements
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Advertisement117 2012-05-10 29 vl '7*' r ■te-i Tanglin Land 17,000 to 25.000SF (An ensemble of 3 prestigious home) Bishopsgate A RE AliSTAR dSBjEEEBS Land 15,000 to 20,000SF 3 exclusive house. v perfect for extended family) s Expression of Interest closing: Friday 25 May 2012, 2.00 pm Earn above 7% rental yield on Net117 words
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Advertisement169 2012-05-10 29 Developer Wanted Land to redevelop Whole buildings, shophouses budget hotels. Cash rich! Call *****777 R*****6H Black Diamond Real Estate Group Pte Ltd l *****82E FOR SALE BY TENDER HDB HUB PIE THOMSON KEMAMAN VIEW FREEHOLD BALESTIER CITY FRINGE RESIDENTIAL SITE Land Size: 1,615.4 sqm (17,388 sqft approx) Master Plan 2008:169 words
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Advertisement99 2012-05-10 29 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with the following types of assets 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail Space99 words
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Page 30 Advertisements
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Advertisement472 2012-05-10 30 China Most Neptune Center Prolific^ Dynamic ln\/Dctmont C~\Y\ i Investment City Official Launch in Singapore The most promising capital in western China Chengdu More than two hundred companies from the world top 500 in Chengdu Direct flight from Singapore to Chengdu approximately 4.5 hours From Chengdu Airport to Neptune Center472 words
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Page 31 Advertisements
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Advertisement208 2012-05-10 31 FOR SALE BY TENDER MACRITCHIE RESERVOIR LOWER PIERCE RESERVOIR PRESTIGIOUS ISLAND COUNTRY CLUB CROWN JEWEL OF THOMSON... THOMSON VIEW RARE DISTRICT 20 RESIDENTIAL SITE THOMSON VIEW “Commanding panoramic views of Nature Reserves, Prestigious Golf Courses and CBD Cityscape...” TenderClosingDate:22 May 2012 (Tue) 3pm Jeffrey Goh 9824 1292 6559 8871 (Email:208 words
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Advertisement399 2012-05-10 31 (I N°1 The Plaza LONDON E3 No.1 THE PLAZA, LONDON E3 A contemporary development situated on top of Bromley-By-Bow Underground Station with easy access to The Olympic Park EXHIBITION Saturday 12th May to Sunday 13th May 11am 7pm The Ritz-Carlton Hotel Level 2, Millenia 1 7 Raffles Avenue *****9 Singapore399 words
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Page 32 Advertisements
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Advertisement59 2012-05-10 32 IG MARKETS m THE MILLION DOLLAR QUESTION Why pay extra when you trade global stock indices? Avoid currency exposure and fees with our SGD-denominated stock index CFDs o PIS DIFFERENT FIND OUT WHY IGAAARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X)59 words
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