The Business Times, 5 June 2012
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2012-06-05
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The Business Times
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Title Section25 2012-06-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, June 5, 201225 words
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919 2012-06-05 1 JOYCE HOOI - Telco is also overhauling its pricing plans to make mega data users pay more; StarHub also scrapping plans with 12GB data bundles By JOYCE HOOI [SINGAPORE] SingTel launched Singapore’s first 4G smartphone service for consumers yesterday and tightened the screws on data pricing with new919 words
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Article, Illustration872 2012-06-05 1 NISHA RAMCHANDANI - Budget baby plans to operate to at least 7 destinations by end of October By NISHA RAMCHANDANI [SINGAPORE] Scoot, Singapore Airlines’ budget baby, will announce four more destinations before the year-end, adding to the four it has already unveiled. Speaking toARTHUR LEE - 872 words
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MARKETS DIGEST
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Article109 2012-06-05 1 HST INDEX 2,698.90 (-46.81) HST INDEX FUTURES 2,699 (-47) HSIMSCI 309.34 (-5.09) HSIMSCI FUTURES 309.90 (-4.60) US$ S$ US$ (S$ per US$) 1.290 (US$/S$ per 1.537 1.982 EURO (US$/S$/E) 1.242 1.602 Foreign currency per US$ S$ YEN 78.00 60.50 RM 3.201 2.482 HK$ 7.759 6.016 BAHT 31.56 24.47 RUPIAH109 words
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Article17 2012-06-05 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.433 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Page 1 Advertisements
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Advertisement127 2012-06-05 1 SME Inc Capita-lising on relationships PAGE 12 PRODUCTIVITY MATTERS Tapping technology to stay ahead page 14 PROPERTY Kaplan seeking a lease at Pomo PAGE 31 OPINION Jobs a blow to Obama’s re-election hopes PAGE 24 *****1 *****4 ULYSSE NARDIN Since 1846 Le Locle Suisse Executive Dual Time Self-winding. Patented time127 words
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Advertisement12 2012-06-05 1 EMERGING ENTERPRISE 2012 An evening to reward the best I PAGES 8-912 words
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TOP STORIES
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Article551 2012-06-05 2 SingTel launches 4G for smartphones SINGTEL launched Singapore’s first 4G smartphone service for consumers yesterday and tightened the screws on data pricing with new tiered price plans. The telco’s 4G service is up to five times faster than existing 3G ones for smartphones, it said. FRONT PAGE Scoot551 words
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827 2012-06-05 2 MINDY TAN - Confirmed/Reserve lists could see 28-30 new sites for 14,000 units added: Colliers By MINDY TAN [SINGAPORE] The Government Land Sales (GLS) programme for the second half of 2012 is likely to see a sustained pipeline of residential sites, following continued robust take-up827 words
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Article106 2012-06-05 2 OUR story, “Sharp fall in buying by directors” [BT, June 4, 2012], said Jasper Investments executive director Geoffrey Yeoh made his first on-market sales in the company since 1994 with 2.6 million shares sold from May 29 to 31 at 6 cents each. Mr Yeoh had actually also sold106 words
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829 2012-06-05 4 LYNN KAN - But S’pore Shipping Association says such instances have been exaggerated By LYNN KAN [SINGAPORE] At a time when high bunker prices persist between US$600-US$730 per tonne, allegations that Singapore players are delivering and profiting from questionable “cappuccino” or frothed bunker to ships829 words
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Article, Illustration322 2012-06-05 4 DEBBIE YONG - Incident occurred in Justin Quek’s Justin’s Signatures in Taipei By DEBBIE YONG [SINGAPORE] Local celebrity chef Justin Quek seems to have landed himself in the soup. His fine dining eatery in Taipei, Justin’s Signatures, has come under scrutiny by Taiwanese media over the weekend322 words
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427 2012-06-05 4 EMILYN YAP - By EMILYN YAP [SINGAPORE] The latest proposals for bank ownership limits in Indonesia are credit positive for some banks in the country but they have also thrown DBS Group’s takeover of Bank Danamon into doubt, said Moody’s Investors Service yesterday. Last week,427 words
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693 2012-06-05 4 FELDA CHAY - Units at AZ@Paya Lebar have sold at above $1,000 psf By FELDA CHAY [SINGAPORE] A strata-ti-tled freehold industrial project along Paya Lebar road has been selling at record high prices on the back of keen interest. Market watchers say they are not surprised that693 words
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472 2012-06-05 4 Assets that can be converted into cash quickly are scarce Reuters [SINGAPORE] Asian banks will have a tough time meeting new global liquidity rules because of a shortage of assets such as top-rated government debt that can be converted intoReuters - 472 words
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Advertisement66 2012-06-05 2 First in open programs worldwide IMD 100% focused on real-world executive development Swiss excellence with a global perspective Breakthrough Program for Senior Executives High impact strategy and Leadership www.imd.org/bpse Advanced Strategic Management Driving sustainable business results www.imd.org/asm DVD REAL WORLD REALLEARNING Program for Executive Development Transforming future global leaders www.imd.org/ped66 words
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Advertisement338 2012-06-05 2 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices »AT3 NOTICES CLA/FEB1 1/g Waste MET Asia 2012 Asia’s International Waste Management Environmental Technology Exhibition and Conference 1-4 July 2012 Sands Expo Convention Center Marina Bay Sands, Singapore, HALL A v Join us338 words
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Advertisement63 2012-06-05 3 n h I.», PATEK PHILIPPE GENEVE Begin your own tradition. I I 5 L S V I If s pp 31 v •r'# a 5>- a r i. D M-1 < 2N* ■> 9HB =ss I > ,r You never actually own a Patek Philippe. You merely look after it63 words
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Advertisement162 2012-06-05 4 Collective Sale of Lam Soon Industrial Building (1) Residential Redevelopment; or (2) Industrial A A (subject to Authority's approval) Huge freehold site: 21,452.7 sm (approx. 230,915 sqft) Regular shape with wide frontage of approx. 200m Master Plan 2008: Residential with plot ratio 1.92 Current Industrial use with GFA of approx.162 words
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COMPANY NEWS
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524 2012-06-05 5 PAULINE NG - US$4b convention centre, hotel, casino project has been scrapped: report By PAULINE NG in Kuala Lumpur GENTING Bhd lost 3 per cent to close at RM9.70 yesterday following a report that plans for a US$4 billion convention centre and casino in524 words
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Article, Illustration459 2012-06-05 5 KENNETH LIM - By KENNETH LIM SHAREHOLDERS of Noble Group’s subsidiary Gloucester Coal have given the green light for a merger with Yancoal Australia Ltd, a unit of China’s Yanzhou Coal Mining Co. The proposed deal still requires approval from the Australian courts. Australia-basedREUTERS - 459 words
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459 2012-06-05 5 CAI HAOXIANG - By CAI HAOXIANG THE high dividend sectors of telcos and real estate investment trusts (Reits) performed the best in May, a month when investors ran for the exits. Singapore Exchange (SGX) highlighted the defensive nature of these two sectors in a market update on459 words
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Article, Illustration510 2012-06-05 7 KENNETH LIM - Company on the prowl for assets with these latest buys worth $14m By KENNETH LIM LIONGOLD Corp continued on its hunt for assets, announcing yesterday about $14 million of acquisitions in Bolivia and Australia. Singapore-listed LionGold, which invests in gold mining assets, saidREUTERS - 510 words
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421 2012-06-05 7 Reuters [HONG KONG] Small-er-sized hedge funds are increasingly throwing in the towel in Asia as they struggle to attract money from risk-wary institutional investors, casting a cloud over prospects of the US$128 billion industry. The latest to quit is former Lehman Brothers traderReuters - 421 words
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252 2012-06-05 7 MICHELLE TAN - By MICHELLE TAN TIGER Airways Holdings has finalised an agreement to acquire a 40 per cent stake in Philippines-based Southeast Asian Airlines (SEAir). It is paying the vendors US$7 million, less liabilities to be confirmed in a due diligence review. The investment252 words
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352 2012-06-05 10 GLENN CHOO - Contract in Indonesia clinched through a consortium By GLENN CHOO A CONSORTIUM comprising a Swiber Holdings joint-venture company and a Sembcorp Marine (SembMarine) subsidiary has secured a contract worth about US$175 million from Premier Oil Natuna Sea BV. The deal from the oil major was352 words
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Article, Illustration652 2012-06-05 10 Xinhua THE US$2 billion trading loss of JPMorgan Chase Co continues to make news in the region as US regulators look into the possible wrongdoings at the bank that has emerged relatively unscathed from the financial crisis. Analysts here said the scandalXinhua; REUTERS - 652 words
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COMPANY BRIEFS
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Article106 2012-06-05 10 CATALIST-LISTED ES Group (Holdings) Limited launched the first of its two bunker vessels the 3,400 dead-weight-tonne Sea Tanker I constructed at the group’s 50 per cent owned subsidiary’s shipyard in Thailand on June 2. Slated to be delivered in the third quarter of this year,106 words
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Article65 2012-06-05 10 KXD Digital Entertainment Limited is set to close its doors following a winding up application to the High Court of Singapore on May 11. The court has since ordered the company to be wound up under the provisions of the Companies Act (Chapter 50),65 words
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115 2012-06-05 10 A WRIT of summons involving a claim by M/s Giorgio Ferrari Pte Ltd (GFPL) against Lifebrandz Ltd and four of its subsidiaries has been dismissed, Lifebrandz said yesterday. The dismissal of GFPL’s claim for an alleged sum of $5.8 million in damages as well as an115 words
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63 2012-06-05 10 POPULAR Holdings Limited has purchased the entire share capital of New Chapter Book Company Pte Ltd (NCBCPL) for a cash consideration of $1. NCBCPL is mainly involved in the retail sale of books, newspapers and stationery as well as music and video recordings. The net63 words
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103 2012-06-05 10 Bloomberg MARINA Bay Sands (MBS) has asked lenders to its $4.6 billion loan to remove a term whereby any excess cash is used by the company to reduce the outstanding balance of the facility, according to two people familiar with the matter. TheBloomberg - 103 words
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Advertisement132 2012-06-05 5 The Leading Global Finance Master Degree Program V m m ?oo 2 V "*6 rMaster of Science in Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes the latest insights from Wall132 words
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Advertisement221 2012-06-05 5 W A qj u id n I I I 1 I I I l ,1 1 I i I 1J 1 LLLLLLU m Kk cm pm mrcr; m w% f World's Finest Serviced Offices Best address, best receptionist, best IT and support Flexible lease terms starting from one month For221 words
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SINGAPORE MARKETS
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Article, Illustration563 2012-06-05 6 R SIVANITHY - This follows Friday’s plunges on Western markets upon the release of weak economic data STOCKS R SIVANITHY Senior Correspondent NOT surprisingly, considering the blowout suffered by Western markets on Friday, markets in this part of the world tanked yesterday. The Straits Times IndexSource: Bloomberg - 563 words
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Article1005 2012-06-05 6 CONRAD TAN - Compiled by CONRAD TAN Roxy-Pacific Holdings June 4 close: S$0.39 OCBC Investment Research, June 4 DESPITE increasing market uncertainty from European macro concerns, we believe that Roxy’s earnings continue to be underpinned by significant progress billings of about S$780 million. This is from units already sold at launched1,005 words
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Article, Illustration439 2012-06-05 6 CURRENCIES Reuters [NEW YORK] The euro rallied against the dollar and the yen yesterday as eurozone peripheral bond yields eased on optimism that European authorities will yet keep the eurozone intact, though concerns over Spain’s ailing banking sector and global growth cappedReuters; BLOOMBERG - 439 words
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Article64 2012-06-05 6 Jun 4 VALUE CLOSE BT OB/OS -331.00-443.00 BT CADI -*****.00-295.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 630.03 -13.47 FTSE ST Small Cap 415.00 -8.11 FTSE ST All Share 654.14 -11.86 FTSE ST China Top 185.30 -5.47 FTSE ST China 211.27 -6.75 FTSE ST Catalist64 words
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Article55 2012-06-05 6 VOLUME Golden Agri 101,986,000 GSH Corp 41,966,000 ChinaAniH 31,538,000 NexGenSCom 28,250,000 Olam 26,753,000 Sakari 26,598,000 Genting SP 24,744,000 Noble Grp 24,048,000 SingXpress 22,284,000 EuNetworks 19,953,000 VALUE($) Golden Agri 63,182,065 Keppel Corp 58,030,910 SingTel 56,794,775 DBS Grp 55,304,490 Olam 41,190,370 Genting SP 36,248,755 UOB 35,828,130 Sakari 33,717,705 SembMar55 words
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Article186 2012-06-05 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 3 0 0 0 2 10 3 Manufacturing 18 84 24 1 13 7 19 97 31 Commerce 3 33 14 1 7 1 4 40 15 Tpt/Stor/Comms 3 33 3186 words
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Article123 2012-06-05 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,354 17,354 83,559 83,559 Manufacturing 181,969 41,744 223,713 126,511 1,961 128,473 Commerce 161,053 5,392 166,445 106,374 230 106,604 Tpt/Stor/Comms 78,397 11,950 90,347 123,810 3,148 126,958 Finance 13,973 25 13,998 123,425 5 123,430 Construction 59,130 11,567123 words
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Article113 2012-06-05 6 Stock name Close Change CapMallsAsia 1.370 -0.015 CapitaLand 2.470 -0.030 CapitaMall 1.785 -0.015 CityDev 9.560 -0.220 ComfortDelGro 1.450 DBS Grp 12.950 -0.180 F&N 6.240 -0.110 GLP 2.000 -0.090 Genting SP 1.465 -0.025 Golden Agri 0.620 -0.030 HK Land 5.410 -0.220 JMH 47.450 -0.350 JSH 29.500 -0.480113 words
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Article116 2012-06-05 6 BY CENTS CLOSE UP GLD 10US$ ***** 823.8 4.2 DBXT S&P Short 10US$ 4042 100.6 2.0 Intraco 58 12.0 26.1 IS ASIA HYG100US$ 1029 11.6 0.9 IS LC BND 100US$ 972 5.2 0.4 Chem Ind 45 5.0 12.5 DBS BP ePW*****2 40 4.5 12.7 WBL Corp 328 3.0 0.9116 words
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Article132 2012-06-05 6 BY CENTS CLOSE DOWN IS S&P500 ***** -840.6 -4.9 OCBC Bk 5.1%NCPS 100 ***** -240.0 -2.2 OCBC Bk 4.5%NCPS 100 ***** -218.0 -2.1 DBXT MSKorea 10US$ 5026 -214.0 -3.2 DBXT MSINDO 10us$ 1250 -107.0 -6.2 DBXT FTChina25 10US$ 2395 -104.4 -3.3 DBXT MSAsExJp 10US$ 2711 -104.4 -2.9 Jardine C&C132 words
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Advertisement54 2012-06-05 7 IG BE GIW B MARKETS *0fo w© the, nk fr oa &rs? High-volume FX traders enjoy automatic rebates every month with IG p IS DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by the MAS54 words
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EMERGING ENTERPRISE 2012
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Article, Illustration514 2012-06-05 8 EVE YEO - By EVE YEO THE fancy gala was punctuated with whoops, cheers and whistles as employees of winners of the Emerging Enterprise Awards celebrated their victories. Held at The Ballroom of The Fullerton Hotel, the event was attended by about 400 representatives from the businessPHOTOS BY JOHN HENG AND ARTHUR LEE - 514 words
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Advertisement184 2012-06-05 9 Congratulations On Reaching New Heights With Emerging Enterprise 2012 Ascenz Pte Ltd Emerging Enterprise 2012 Winner Provides remote fuel consumption and bunkering monitoring systems to serve the needs of marine, oil and gas industries East Asia Power Pte Ltd Emerging Enterprise 2012 Winner Custom-designs and manufactures diesel engine-powered generators for184 words
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Advertisement304 2012-06-05 10 NORBREEZE GROUP \NDG n S 6 UNI ORC.I I i V 'M --ft n Q a *9* r, m a /ifeas K M ft a5*> V rv s^a# V Kt fir 2072 Norbreeze Pte Ltd is honoured to be successfully chosen as the finalist in The Emerging Enterprise Award Special304 words
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SINGAPORE NEWS
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Article, Illustration782 2012-06-05 11 FELDA CHAY - Company plans to manage 10 properties in the region in the next few years By FELDA CHAY in Doha, Qatar SERVICED residences operator Frasers Hospitality is expanding aggressively in the Middle East, with plans to manage 10 properties in the turbulent region over the782 words
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260 2012-06-05 11 MICHELLE TAN - By MICHELLE TAN MAINBOARD-LISTED OKP Holdings Ltd has clinched its second contract from national water agency PUB in a short span of two months, according to a press release yesterday. The latest contract which was won by whollyowned subsidiary Eng Lam Contractors Co (Pte)260 words
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369 2012-06-05 11 EVE YEO - By EVE YEO A HUMAN resource services provider has come up with some tips for employers on handling employee absenteeism, a fall in productivity and lots of sick leave expected during the European football championship starting this Friday. First, do not alienate staff369 words
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456 2012-06-05 11 GLENN CHOO - Study of framework to be completed in 2013 By GLENN CHOO THE government has appointed a 13-member Fare Review Mechanism Committee to review the formula and framework for public transport fare adjustments. This committee comprises members from the Public Transport Council (PTC), academia, consumer456 words
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392 2012-06-05 11 RONNIE LIM - By RONNIE LIM REGULATOR Energy Market Authority (EMA) has started reviewing the cap level on Singapore electricity prices for 2013-14. It has got two consultants on board KPMG and Sinclair Knight Merz to help it review the financial and technical parameters, like the392 words
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Page 11 Advertisements
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Advertisement104 2012-06-05 11 PASTIN' HOTEL PETALING JAVA i f NEWLY RENOVATED DELUXE ROOM Spacious Rooms, Super Deals! Stay in our newly renovated rooms between 6 July and 30 September 2012 and enjoy Super Deals! From RM 195 Booking period: 4 8 June 2012 Complimentary Wifi Terms and conditions apply For reservations, please call104 words
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Advertisement226 2012-06-05 11 EntBrDriSBMT2012 The 9th International Information Technology Exhibition Conference for the Enterprise Asia’s most acclaimed IT exhibition returns with more... 19 22 June 2012 I Marina Bay Sands <8 r/. 1 O Witness latest revolutionary technologies ‘Fibre’ for NextGen services, Cloud Services and Security, M2M and many others O Network with226 words
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SME Inc
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Article, Illustration980 2012-06-05 12 reportsTIMOTHY LOH - Recruitment firm Capita Staffing and Search believes in its focus on building client trust and relationships, reports TIMOTHY LOH reportsTIMOTHY reportsTIMOTHY LOH CULTIVATING relationships is at the heart of local recruitment company Capita Staffing and Search, according to co-founder and managing director Francis Koh. “Relationships with ourYEN MENG JIIN - 980 words
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Article, Illustration701 2012-06-05 12 MINT KANG - By MINT KANG WHO is your customer? It's an easy question to ask and seemingly an easy one to answer. But a surprising number of people answer it in too limited a fashion, according to customer service guru Ron Kaufman, who was in town701 words
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Article, Illustration1116 2012-06-05 12 DAVID WAGNER - Engage SMU profs DAVID WAGNER The writer is an assistant professor of organisational behaviour and human resource at the Lee Kong Chian School of Business, Singapore Management University Q: As a human resource manager at an SME, I am concerned with ensuring our employees’ continued1,116 words
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Article, Illustration1222 2012-06-05 13 IRVING LOW - Operating in an uncertain economy, retaining talent and investing in productivity are some of the key challenges, reports IRVING LOW reportsIRVING IRVING LOW The writer is partner and head of risk consulting at KPMG in Singapore. The views expressed here are his own GROWTH is oftenSTOCKXCHNG - 1,222 words
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Advertisement181 2012-06-05 12 Have an interesting story on an SME that you would like to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages details like how much the company has grown, and what sort of expansion plans it has, would be181 words
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Advertisement11 2012-06-05 13 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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Advertisement92 2012-06-05 13 Join the World Class Ranked No.l in the world by Financial Times (2011,2010 2009) Source: 2011, 2010 and 2009 EMBA Survey by FT Join our information session to find out how you can realise your potential within our global network. emba@ust.hk www.bm.ust.hk/khemba Kelfogg-HKUST The Kellogg-HKUST EMBA Program is an exempted92 words
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PRODUCTIVITY MATTERS
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Article, Illustration943 2012-06-05 14 MINDY TAN - LS Construction’s Jeffrey Teo talks to MINDY TAN about the innovative, cost-savings systems that the company has adopted CONSTRUCTION MINDY TAN FEELING the pinch of insufficient workers in the industry, LS Construction, a subsidiary of main-board-listed Lian Beng Group realised that the way forward wasARTHUR LEE - 943 words
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Article, Illustration1257 2012-06-05 14 FELDA CHAY - By FELDA CHAY THE recent implementation of a technology that is decades old has helped contractor Environ Construction to reduce costs and raise productivity. The technology, known within the industry under names such as self-compact-ing concrete or self-flow concrete, has been inYEN MENG JIIN - 1,257 words
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Article254 2012-06-05 14 LEGEND SCHEME WHAT YOU GET WHO TO CONTACT WORKFORCE DEVELOPMENT Co-funds cost of selected skills assessment and training courses for tradesmen, foremen, supervisors and PMETs. Workforce Training and Upgrading (WTU) Co-funds undergraduate scholarships in built environment courses. BCA-Industry Built Environment Undergraduate Scholarship Co-funds diploma scholarships and sponsorships254 words
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ECONOMY WATCH
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660 2012-06-05 15 Decline led by drop in interbank lending due to spillover of euro debt crisis: BIS Bloomberg [VIENNA] Global banks scaled back cross-border lending to companies, governments and each other at the fastest rate since 2008 in the final quarter of last year,Bloomberg - 660 words
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Article, Illustration592 2012-06-05 15 But it won’t slip into recession despite a higher jobless rate Bloomberg [WASHINGTON] The US economy looks set to deliver a repeat performance in 2012: for the third straight year, it may suffer a swoon yet not slip into a recession.Bloomberg; REUTERS - 592 words
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Article, Illustration471 2012-06-05 15 Reuters [SYDNEY] A private gauge of Australian inflation released yesterday showed price pressures remained well contained in May, bolstering views that interest rates could be cut this week. The TD Securities-Mel-bourne Institute’s measure of consumer prices was flat in May, following a 0.3Reuters; AFP - 471 words
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577 2012-06-05 15 Stricter capital rules prompt banks to curtail credit Bloomberg [LONDON] European companies are shunning loans in favour of bonds as stricter capital rules prompt banks to curtail credits as a loss leader to win other business. Bond sales are about to overtakeBloomberg - 577 words
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307 2012-06-05 15 Bloomberg [LONDON] Job vacancies at London’s financial-services companies increased 25 per cent last month as banks hired in areas such as foreign exchange and derivatives, recruitment firm Astbury Marsden said yesterday. New vacancies in the British capital’s City and Canary WharfBloomberg - 307 words
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354 2012-06-05 15 Surging central bank balance sheets need to be capped, says latest report Bloomberg [SINGAPORE] Asian central banks should consider allowing more currency appreciation to contain an expansion of their balance sheets that risks spurring inflation and financial instability, according to the Bank for InternationalBloomberg - 354 words
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MALAYSIA/INDONESIA
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624 2012-06-05 16 Minister says country needs to conserve coal for domestic use Reuters [NUSA DUA, Indonesia] Indonesia plans to curb coal exports and is considering a tax on shipments of the mineral, government officials said yesterday, pushing shares in the country’s leading coal miners down byReuters - 624 words
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419 2012-06-05 16 [KUALA LUMPUR] MOL Global Group, majority owned by Vincent Tan, is in talks with a few bankers on making a comeback to the local stock exchange by as early as next year, more than five years after the company was419 words
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Article, Illustration485 2012-06-05 16 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur IN an ironic twist of events, former prime minister Mahathir Mohamad has called on the government to rethink its lack of control over the Internet. In an interview with the New Sunday Times which ran overAFP - 485 words
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Page 16 Advertisements
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Advertisement757 2012-06-05 16 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to757 words
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GREATER CHINA/INDIA
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793 2012-06-05 17 Investors can then assess recovery rate and to what extent bondholders are protected, say experts Bloomberg [BEIJING] The head of China’s only in-vestor-paid credit-rating company says the nation’s first bond default will occur as the economy slows and yield premiums on the lowest-ratedBloomberg - 793 words
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252 2012-06-05 17 Bloomberg [HONG KONG] The Hong Kong government may reduce its one per cent to 3 per cent growth forecast for this year because of concerns that the eurozone economy could deteriorate further, Financial Secretary John Tsang said. “The overall external economy is inBloomberg - 252 words
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Article, Illustration927 2012-06-05 17 Not government’s fault? Few are persuaded Reuters [NEW DELHI] It had been another brutal day for the rupee on the foreign exchanges as India’s economic crisis escalated and, travelling home from a visit to Myanmar last week, Indian Prime Minister Manmohan Singh summoned journalistsReuters; REUTERS - 927 words
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373 2012-06-05 17 AP [SHANGHAI] China’s share benchmark has fallen afoul of the country’s Internet censors by appearing to mark the 23rd anniversary of the Tiananmen Square crackdown on pro-democ-racy protesters. In an unlikely coincidence certainly unwelcome to China’s communist rulers, the stock benchmark fell 64.89 pointsAP - 373 words
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210 2012-06-05 17 Bloomberg [MUMBAI] Warburg Pincus LLC, the pri-vate-equity firm with more than US$35 billion in assets, agreed to invest 5.2 billion rupees (S$ 118 million) for a controlling stake in Indian lender Future Capital Holdings Ltd. Warburg Pincus will buy a 40 per centBloomberg - 210 words
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Page 17 Miscellaneous
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Miscellaneous18 2012-06-05 17 TODAY'S BEST MUSIC THE MOST FUN IN THE MORNINGS JILLIAN LIM THE MARRIED MEN WEEKDAYS 6AM TO 1DAM18 words
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WORLD
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Article, Illustration517 2012-06-05 18 That would make pensions, medical services more affordable, he adds Bloomberg [NEW YORK] American International Group Inc (AIG) chief executive officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work more years asBloomberg; BLOOMBERG - 517 words
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396 2012-06-05 18 Mortgage security decisions not usually traced to exec suite Bloomberg [WASHINGTON] The US Securities and Exchange Commission (SEC) hasn’t sought enforcement actions against top investment banking officials in connection with the housing-fi-nance collapse because decisions about mortgage securities can’t usually be traced toBloomberg - 396 words
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Article, Illustration605 2012-06-05 18 Reuters [OSAKA] In a darkened industrial hangar in eastern Osaka, Yoshihiro Yamanaka is tearing up the rule book that once made Japanese manufacturing the feared global standard of efficiency. At Fuji Spring, a company with one factory, one product and 18 workers, MrReuters; REUTERS - 605 words
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710 2012-06-05 18 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Yoshihiko Noda yesterday dropped five members of his 18-member Cabinet in an effort to win backing for his bid to push through a consumption tax increase in Japan. But the bold political gesture710 words
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Article, Illustration668 2012-06-05 18 Bloomberg [MANILA] Henry Sy went from running a shoe store in Manila to become the Philippines’ richest billionaire and owner of the nation’s largest retailer. Now the Chinese immigrant plans to raise US$1 billion to expand his bank. Mr Sy’s BDO UnibankBloomberg; BLOOMBERG - 668 words
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743 2012-06-05 19 G-7 finance ministers, central bank governors to discuss crisis Bloomberg [BERLIN] Chancellor Angela Merkel’s spokesman said that Spain knows where to look for aid if it’s needed, giving no ground to Prime Minister Mariano Rajoy’s pleas that Germany consider new ideas to resolveBloomberg - 743 words
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Article, Illustration648 2012-06-05 19 Reuters [ROME] Prime Minister Mario Monti no longer has the backing in Parliament to adopt more reforms and Italy should consider holding an early election before the year-end, the economic spokesman for a major ruling party told Reuters. “In this politicalReuters; AFP - 648 words
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Article, Illustration581 2012-06-05 19 0.6% drop follows 2.1% fall in March as economy cools LATEST US DATA Bloomberg [WASHINGTON] Orders to US factories unexpectedly fell in April for a second month, pointing to a deceleration in manufacturing as the global economy cools. Bookings dropped 0.6 per cent afterBloomberg; BLOOMBERG - 581 words
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490 2012-06-05 19 Bloomberg [SYDNEY] Australian manufacturers must adapt and boost productivity to withstand a local currency likely to stay high for years, said Shadow Treasurer Joe Hockey, whose opposition coalition is favoured to win elections due next year. The so-called Aussie’s decline in the pastBloomberg - 490 words
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623 2012-06-05 19 Bloomberg [NEW YORK] Ex-change-traded funds that own junk bonds are attracting unprecedented sums of cash from institutional investors seeking to slip in and out of the market as dealer inventories decline. Institutional holders own 51 per cent of BlackRock Inc’s high-yield ETF, up 11Bloomberg - 623 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration432 2012-06-05 20 HELMI YUSOF - Two plots strain to come together in The Book of Living and Dying as the play explores concepts of karma, samsara and rebirth, says HELM I YUSOF HELMI YUSOF Reincarnation is a complex concept to explain in all its entirety. Trying to weave it intoTERRENCE LIM/THE STRAITS TIMES - 432 words
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401 2012-06-05 20 RACHEL AU-YONG - But Gozde and Russel Zehnder’s film brings hope to genre, says RACHEL AU-YONG RACHEL AU-YONG IT WAS supposed to make a graceful leap from stage to screen, but the Singapore edition of Dance/Film pirouetted out of control instead. A duet between choreography and401 words
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Page 20 Advertisements
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Advertisement392 2012-06-05 20 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SAMPOERNA ASIA PTE LTD COMPANY REGISTRATION NO. *****3649G (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT ONE RAFFLES QUAY, NORTH TOWER,392 words
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Advertisement609 2012-06-05 20 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CLOUGH INTERNATIONAL SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO.REG. NO.*****7838E NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the abovenamed Company will609 words
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Advertisement965 2012-06-05 20 AC Quant société d’investissement à capital variable Registered office: L-2550 Luxembourg, 36, avenue du X Septembre R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the ”Company“) are hereby invited to an: EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS which will be held on 13 June 2012 at 8:30 am before the965 words
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Advertisement23 2012-06-05 20 <)!<)*>;.+^$~${@|!->;"*-+[*(&]` HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WAT3 NOTICES23 words
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Advertisement17 2012-06-05 20 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WATS NOTICES17 words
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AVIATION
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Article, Illustration957 2012-06-05 21 But project head says it’s worth £20m tab because it’ll leave a lasting impression AP [LONDON] The project will cost £20 million (S$40 million), process 37,000 bags and deal with 10,000 or so athletes. But don’t blink, because you might miss Heathrow’sAP - 957 words
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Article, Illustration474 2012-06-05 21 Bloomberg [LAGOS] A passenger plane carrying 153 people crashed in a neighbourhood of Nigeria’s commercial capital of Lagos, killing everybody on board and at least 10 others, aviation and police officials said. Search and rescue teams were on site after the DanaBloomberg; AP - 474 words
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677 2012-06-05 21 Reuters [PARIS] The new chief executive of EADS, Tom Enders, carved out time to ponder any changes in strategy and appointments at Europe’s top aerospace firm by telling staff he would only make decisions after a series of internal meetings over theReuters - 677 words
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329 2012-06-05 21 VEN SREENIVASAN - CAAS studying plan for apprenticeships to be cut by a year By VEN SREENIVASAN [SINGAPORE] To cut training costs and make the job more attractive, the Civil Aviation Authority of Singapore (CAAS) is looking into cutting the current fouryear apprenticeship period for aircraft maintenance engineers329 words
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Page 21 Miscellaneous
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Miscellaneous328 2012-06-05 21 CRYPTIC CROSSWORD Across 1 Sporting achievement at the heart of Madrid team (12) 9 In France source of happiness is right to vote (9) 10 A good look round South African capital (5) 11 Austrian capital’s change of leadership and tone (6) 12 Legendary American greeting unexpected thaw within Alaska’s328 words
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SHIPPING
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595 2012-06-05 22 Joint venture with Hainan to meet rising demand for leisure travel Bloomberg [LONDON] Victor Restis, a Greek shipowner who says he made US$1 billion selling dry-bulk vessels before their price crashed, plans to expand into the Chinese cruise market in a bet onBloomberg - 595 words
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Article, Illustration607 2012-06-05 22 AP [KINGSTON, Jamaica] Archaeologists said recently that they’ll ask the United Nations’ cultural agency to bestow world heritage status on Port Royal, the mostly submerged remains of a historic Jamaican port known as the “wickedest city on Earth” more than three centuries ago.AP - 607 words
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668 2012-06-05 22 Bloomberg [MOSCOW] Summa Group, owner of Russian ports and a Rotterdam oil terminal, is spending US$1.4 billion to buy a stake in Fesco Group, a Pacific port and ship operator, to form a Eurasian freight network and challenge Suez Canal shipping.Bloomberg - 668 words
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Article247 2012-06-05 22 SGX '000 Jun 4 S$ +/-Vol Chuan Hup Hldg unch unch 0 Cosco Corp 0.98 -0.03 4693 s$ First Ship Lea 0.17 unch 538 Freight Links 0.06 unch 1021 Grand Banks unch unch 0 Jaya Hold Ltd 0.57 unch 83 K1Ventures 0.10 unch 340 Keppel Corp 9.64 -0.20247 words
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Article, Illustration564 2012-06-05 22 It overtakes Exxon Mobil Texas refinery as the largest in US Reuters [PORT ARTHUR, Texas] Royal Dutch Shell and Saudi Aramco unveiled the US$10 billion expansion of their joint-venture Motiva Enterprises Texas Gulf Coast refinery last Thursday as it neared its topReuters; FILE PHOTO - 564 words
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405 2012-06-05 22 It must first decide on scale of Jack Hills mine’s expansion Bloomberg [MELBOURNE] Mitsubishi Corp, the biggest Japanese trading house, is holding up its A$5.9 billion (S$7.4 billion) Oakajee port project in Western Australia as it reviews the Jack Hills iron ore mine.Bloomberg - 405 words
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1965 2012-06-05 23 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO1,965 words
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Page 23 Advertisements
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Advertisement28 2012-06-05 23 PLACE YOUR AD HERE The business times Shipps CALL JOE WOf FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II28 words
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Advertisement27 2012-06-05 23 Experienced sh/p maintenance M your services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times III. UUJII1LJJ IIIVILJ Shipping Times27 words
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EDITORIAL & OPINION
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471 2012-06-05 24 EDITORIAL A NEW chapter in Singapore aviation history was written when Scoot flight TZ2, with almost 400 passengers, took off for Sydney last night. While Qantas’s Jetstar was the first carrier in the world to launch long-haul low-cost flights in November 2006, followed471 words
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Article, Illustration801 2012-06-05 24 DANIEL GROS - Democracy versus the Eurozone who loses? THE BOTTOM LINE DANIEL GROS The writer is Director of the Center for European Policy Studies Project Syndicate THE European Union (EU) is a voluntary quasi-federation of sovereign and democratic states in which elections matter and each country seeks to determine its own destiny,Project Syndicate - 801 words
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Article, Illustration936 2012-06-05 24 LEON HADAR - Romney asserts high unemployment shows White House’s economic strategy has failed LEON HADAR Washington Correspondent NOT even the most talented White House spinmeister could make the numbers look good. US employers added only 69,000 new jobs, the fewest number of new jobs inAFP - 936 words
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Article, Illustration1237 2012-06-05 25 THORSTEN BARTH, ABU AMIN - Attracting and retaining talent is key to Singapore’s productivity quest but it’s a challenge made more complex by employees’ changing needs By THORSTEN BARTH ABU AMIN Thorsten Barth is a director and Abu Amin is a senior manager in the HR Consulting practice at PwCSTOCK.XCHNG - 1,237 words
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Article, Illustration863 2012-06-05 25 ANTHONY NIGHTINGALE, TONY NOWELL, JANE DRAKE-BROCKMAN - By ANTHONY NIGHTINGALE, TONY NOWELL, JANE DRAKE-BROCKMAN Anthony Nightingale, of Hong Kong, China chairs the ABAC Action Plan and Advocacy Working Group. Tony Nowell, of New Zealand chairs the ABAC Regional Economic Integration Working Group. Jane Drake-Brockman is a Coordinator of the PECC/ADBI Taskforce onBLOOMBERG FILE PHOTO - 863 words
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SINGAPORE STOCKS
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Article2433 2012-06-05 26 Transaction date: Jun 4 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) 123 92.5 AIMSAMPIReit 111.5 -2.5 216 112.5 111.5 111.5 112.5 7.5 10.7 496.8 High l2,433 words
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Article213 2012-06-05 27 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil nch213 words
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Article7996 2012-06-05 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited 1 5928/ FM Local7,996 words
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Article202 2012-06-05 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A32 -1 27 32 28.5 32 33 3.6 10.9 2.6 83.3 46 25.5 Genting HK US$ US30.5 -1 2298 31 30 30 30.5 2008.3202 words
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Article958 2012-06-05 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 95.8 CIMB APAC Div 100US$ US96 94.1 95.1 10.1 1261 856 CIMBAsean40 100US$ US950 924 926 149 ***** ***** DBXT AUD Bonds 5AU$ A***** *****958 words
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Page 26 Advertisements
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Advertisement41 2012-06-05 26 "WHEN YOU HOLD THE BREATH-HOLD FREEDMNG WORLD RECORD, FAR AHEAD OF ALL YOUR COMPETITORS, YOU APPRECIATE THE EXCEPTIONAL PERFORMANCES OF THE BREITLING SUPEROCEAN." fi iTL. EO LING 3RE in 3 m E Breitling DC BREITLING 1884 TEL. +65 6732 6347 BREITLING.COM41 words
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FINANCE & COMMODITIES
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Article577 2012-06-05 28 Jun 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8278.65 8303.35 8238.96 Jun12 8415.00 8425.00 8225.00 8295.00 *****5 *****4 Sep12 8410.00 8410.00 8225.00 8290.00 5501 ***** MSCI TAIWAN INDEX FUTURES SPOT 248.21 248.21 244.07 Jun12 252.80 253.40 243.90 245.20 ***** *****9 Jul12 244.60 244.60577 words
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Article, Illustration113 2012-06-05 28 As on 1 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 516.80 516.10 534.15 40 GOLD FUT AUG2012 1561.30 1560.50 1622.20 2 CURRENCY AUD-USD FUT JUN2012 .9682 .9627 .9679 1496 EUR-USD FUT JUN2012 1.2460 1.2292 1.2433 4268113 words
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Article107 2012-06-05 28 Jun 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1344.25 1340.00 1358.00 1317.50 Aug 12 1318.50 1322.75 1331.00 1300.50 Sep 12 1285.50 1293.75 1299.75 1271.50 Nov 12 1258.00 1270.25 1277.75 1245.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 48.59107 words
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Article76 2012-06-05 28 CRUDE OIL PRODUCTS Jun 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.02 -4.06 WTI (Near Mth) 83.39 -3.26 Dubai (1-Mth F) 97.23 -4.34 Tapis blend 106.10 -3.82 Minas 107.00 -3.82 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 85.44 -4.56 Jet Kerosene 113.59 -2.99 US$/barrel OpecOil Basket76 words
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Article22 2012-06-05 28 Jun 4 S$ Bid Offer 1-month 1.2889 1.2900 2-months 1.2886 1.2898 3-months 1.2882 1.2894 6-months 1.2862 1.2875 Source: OCBC22 words
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Article64 2012-06-05 28 Jun 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1934.50 1955.50 3 months 1972.50 1994.00 Copper, Grade A(US$/tonne) Cash 7373.00 7434.00 3 months 7361.00 7425.00 Lead(US$/tonne) Cash 1884.50 1907.00 3 months 1900.00 1921.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.50 3 months *****.0064 words
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373 2012-06-05 28 In local curr In S$ In US$ dy yr dy yr dy yr Jun 1 Index Change Change Change Change Change Change World Preliminary 821.3 -1.9 -1.0 -1.5 -2.5 -1.9 -2.3 EAFE Preliminary 653.2 -1.5 -4.2 -1.1 -7.2 -1.5 -7.1 Europe Preliminary 967.3 -1.8 -5.8373 words
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Article80 2012-06-05 28 Jun 1 COCOA (£/tonne) Close Prev High/Low Jul 12 1452 1471 1469/1440 Sep 12 1451 1468 1465/1439 Dec 12 1434 1450 1447/1420 Mar 13 1419 1432 1428/1405 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2158 2180 2188/2105 Sep 12 2143 2162 2168/2088 Nov 12 2127 2147 2155/2074 Jan 13 208780 words
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1257 2012-06-05 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 329 8.75 23 Conv Ratio Baker Technology Ltd W*****6 1.6 0.1 314 1 32 16 18.13 5 Best World Intl Ltd W*****5 0.6 1 301,257 words
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Article470 2012-06-05 28 Jun 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 6.155 0.779 7.504 53.734 91.749 0.754 11.428 3.096 1.283 90.791 42.062 1.247 8.299 0.935 29.046 30.520 0.629 0.967 Canada 0.992 6.108470 words
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Article66 2012-06-05 28 Jun 4 |l>3Sl |M> rrtty 7 mitii I mihv iifilu sivntu l •«»*•> It JAiU II •J.ntbr O.lUiSJ VWI-I 03IW6 1 p r*n uSlt--S:< 0T55C7<l VWF OflK i if.ill IS» ii DjiMS j mttii i rninv l OWl 0 Jn7*4 ,.O.T4‘»c iiW MM i-n*' H 7l r-y Z--iln U66 words
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Article136 2012-06-05 28 Jun 4 GOLD(US$/oz) Jun 04 Jun 01 Hong Kong 1630.10 1564.10 Jun 01 Jun 01 May 31 London 1610.96 1565.59 1611.73 1566.51 Source: Thomson Reuters CAST BAR Jun 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 67 5gm 459 336 10gm136 words
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Article154 2012-06-05 28 Jun 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2467 1.2478 0.9670 0.9671 Canadian dollar 1.2369 1.2386 0.9594 0.9600 Euro 1.6008 1.6024 1.2417 1.2420 NZ dollar 0.9717 0.9728 0.7537 0.7540 Sterling pound 1.9815 1.9833 1.5370 1.5372154 words
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Article89 2012-06-05 28 Jun 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.09 100.15 100.11 5-Year N*****0Z 2.375 01-Apr-17 108.88 109.05 109.0589 words
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Article57 2012-06-05 28 Jun 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2930.0 2973.0 2933.0 2920.0 159 2473 Jul 12 2950.0 3003.0 2961.0 2926.0 1018 ***** Aug 12 2966.0 3006.0 2970.0 2925.0 ***** ***** Sep 12 2966.0 3000.057 words
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Article123 2012-06-05 28 As at 9am Jun 4 Jun 4 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.276 1.216 Can dollar 1.267 1.207 Euro 1.641 1.563 Sterling pound 2.022 1.945 NZ dollar 0.998 0.951 US dollar 1.312 1.262 Local dollars to 100 units123 words
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Article154 2012-06-05 28 Jun 4 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ 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 1.00 0.80 12154 words
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PROPERTY
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Article, Illustration1007 2012-06-05 29 MARC JOFFE, ANTHONY RANDAZZO - It’ll help fix housing with taxpayers, homeowners and investors all winning By MARC JOFFE ANTHONY RANDAZZO Marc Joffe is a principal consultant at Public Sector Credit Solutions. Anthony Randazzo is director of economic research at the Reason Foundation. The opinions expressed are their own. Bloomberg IMAGINEBloomberg; BLOOMBERG - 1,007 words
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603 2012-06-05 29 Bloomberg [STOCKHOLM] Denmark’s housing crisis is set to deepen as private debt burdens remain high, property values sink and the job market struggles, Moody’s Investors Service said. “We see asset quality deteriorating among financial institutions and we expect those pressuresBloomberg - 603 words
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797 2012-06-05 29 Bloomberg [DUBAI] The yield on Nakheel PJSC’s Islamic bonds fell to a record after the state-owned builder of palm-shaped islands off Dubai’s coast returned to profit in the first quarter, benefiting from a pick-up in the property market. The yieldBloomberg - 797 words
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Article, Illustration570 2012-06-05 30 LIM WEI SHENG - Project launch and en bloc sales tender were both announced By LIM WEI SHENG [SINGAPORE] Property buzz in the Mount Sophia neighbourhood, situated in District 9 near Dhoby Ghaut MRT, is set to heighten, with a project launch and en bloc sales tenderKNIGHT FRANK - 570 words
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947 2012-06-05 30 Bloomberg [NEW YORK] Laurie Goodman, who says no analysts have been more critical of bank mortgage practices than her team at Amherst Securities Group LP, is siding with lenders when it comes to a flurry of new rules intended to protect homebuyers.Bloomberg - 947 words
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Article, Illustration719 2012-06-05 31 KALPANA RASHIWALA - EMC in talks to consolidate its office space at One@Changi City By KALPANA RASHIWALA [SINGAPORE] Kaplan will join the growing number of educational institutions located in the Selegie-Middle Road-Bras Basah cluster, while data storage company EMC is said to be in advanced stagesPOMO - 719 words
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506 2012-06-05 31 Recent remarks by Premier Wen sparks talk of govt boost Bloomberg [BEIJING] China may relax its property curbs to encourage end users to buy homes as the government seeks to support economic growth, according to Deutsche Bank AG. More “fine-tuning”Bloomberg - 506 words
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299 2012-06-05 31 Reuters [HONG KONG] Hong Kong’s property market faces great corrective pressure amid threats from the euro zone crisis and macroeconomic volatility, causing uncertainty for home buyers, Financial Secretary John Tsang said yesterday. Mainland China has seen the world’s fast-est-growing prices over theReuters - 299 words
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Page 29 Advertisements
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Advertisement90 2012-06-05 29 FOR SALE 700 BEACH ROAD SINGAPORE Modern, stylish 8-storey office building Sale by Expression of Interest Closing date: 3pm, Thursday 5 July 2012 Beach Road growth corridor Adjacent to Nicoll Highway MRT 100% occupied high quality tenants Strata area 67,429 sq ft (approx.) 99 year lease (w.e.f. 2004) Hotel conversion90 words
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Advertisement124 2012-06-05 29 Sophia Mansions Dist 9 Site off Dhoby Ghaut/Selegie Land 17,545 sf; FH; GPR 2.1/ 36m AMSL 500m to Dhoby Ghaut MRT Interchange Near Plaza Singapura, The Cathay, SMU High ground, serene, ideal for boutique devt Potential for 35 apts of ave. 1,000 sf leeswan.tang@credo.com.sg (CEA Regn No: R*****3A) christina.tan@credo.com.sg (CEA124 words
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Page 30 Advertisements
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Advertisement118 2012-06-05 30 For Sale by Private Treaty DNP Plaza Johor Bahru Unique investment opportunity with strong returns Downtown JB location; Freehold 70 retail office units in existing podium 690 car park lots that can be sold separately Development land of 46,706 sf with prior approval and completed piling to build 255 apartments118 words
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Advertisement75 2012-06-05 30 Dream office, fully equipped, perfect price? Yes. Offices from $25 per person per day Regus Work your way New centre: MBFC Tower 3 17/F, 12 Marina Boulevard, Singapore Other locations in Singapore: Asia Square Centennial Tower One Fullerton One Raffles Place Samsung Flub Tanjong Pagar UOB Plaza 1 Centre 1175 words
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Advertisement25 2012-06-05 30 LIANHE ZAOBAO l*})P mm New Chongqing': leader more supportive of privateenterprise New Chongqing's leader more supportiveof privateenterprise To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
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Page 31 Advertisements
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Advertisement56 2012-06-05 31 (L*****36J) COMMERCIAL PRIME SHOP AT BEAUTY WORLD CENTRE Shop unit facing escalator main shopping corridor Floor area: 9,354sf; Title: 99-year wef 1979 Within popular shopping hub, opposite Beauty World MRT Station Ideal for investment or own use EXPRESSIONS OF INTEREST Closing 20 June 2012 (Wed), 3.00pm Mary Sai 9388 787956 words
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Advertisement84 2012-06-05 31 m Nassim 45,000 to 90,000 Redevelopment Chatswort Land 9,000 to 24 6 exclusive hoi perfect for exten m BEALiSIFAB THE LEADING BUNGALOW SPECIALIST L»*****B3G RIDOUT PARK r B LI V GOOD CLASS BUNGALOWS F Land/Built-up Area Approx. 15,155 sq ft/8 4 en-suite bedrooms Family Rm Enterta 2-storey bungalow with pool,84 words
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Advertisement218 2012-06-05 31 For Sale by Expression of Interest Land Wareham Road Land 7,146 sq ft; Freehold Rectangular; approx. 22m frontage North-South orientation Near good schools and minutes drive to Parkway Parade ECP Ideal for one bungalow or a pair of semi-detached houses Irinn Lee (Ms) irinn.lee@credo.com.sg(CEA Regn No: R*****4F) Agency Licence No:218 words
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Page 32 Advertisements
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Advertisement50 2012-06-05 32 Asset Management Wealth Management Asset Services Advice. Best received before you need it. Pictet Cie, Geneva Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo Montreal Nassau Taipei Osaka www.pictet.com 18 0 5 PICTET Independent minds50 words
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