The Business Times, 7 June 2012
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2012-06-07
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The Business Times
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Title Section25 2012-06-07 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, June 7, 201225 words
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703 2012-06-07 1 ANTHONY ROWLEY - Senior official spells out areas where S’pore companies can play a part By ANTHONY ROWLEY in Tokyo A VERY wide range of opportunities exist for Singapore in helping Myanmar with its economic and financial sector development, recently appointed chairman of the703 words
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Article, Illustration751 2012-06-07 1 KALPANA RASHIWALA - People bringing forward their decision to buy property means there could be less demand in the future By KALPANA RASHIWALA [SINGAPORE] Just as pent-up demand saw housing prices shoot up over the past few years, a reverse situation could be at751 words
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MARKETS DIGEST
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Article109 2012-06-07 1 GST INDEX 2,760.83 (+48.52) GST INDEX FUTURES 2,761 (+48) GSIMSCI 315.87 (+4.80) GSIMSCI FUTURES 316.20 (+4.90) us$ s$ US$ (S$ per US$) 1.277 (US$/S$ per 1.548 1.977 EURO (US$/S$/E) 1.252 1.599 Foreign currency per US$ S$ YEN 79.20 62.10 RM 3.174 2.486 HK$ 7.758 6.076 BAHT 31.44 24.62 RUPIAH109 words
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Article17 2012-06-07 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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Advertisement37 2012-06-07 1 EURO DEBT CRISIS ECB keeps rates on hold PAGE 2 POSIDONIA 2012 Greece sinking, but its ships sail proudly PAGE 4 BizIT HP CEO Meg Whitman steering the company back towards its infrastructure commitment I PAGE 2437 words
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Advertisement103 2012-06-07 1 SEX-FOR-FAVOURS CHARGES Ex-SCDF chief slapped with 10 charges page 4 Change your perspective. Every SOHO is designed to give you total freedom. Extend your living spaces vertically as well as horizontally. This is your home. Gallery, Workplace, Your dream lab SOHO is where you make the rules Far East XI103 words
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Advertisement10 2012-06-07 1 KAZAKHSTAN Special focus on V Astana Economic Forum PAGES 18-1910 words
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TOP STORIES
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808 2012-06-07 2 NEIL BEHRMANN - ECB chief also plays down prospects of a third round of cheap long-term loans By NEIL BEHRMANN in London AFTER rallying sharply, European stock markets and the euro dipped from their peaks after the European Central Bank (ECB) left its interest rates808 words
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Article, Illustration594 2012-06-07 2 LEE U-WEN - By LEE U-WEN [SINGAPORE] He swam around slowly in circles as the expectant crowd gathered in front of his large tank and impatiently egged him on to make his pick. After 30 anxious minutes, the supposedly psychic dragon fishLIANHE ZAOBAO - 594 words
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632 2012-06-07 2 VICTORIA HO - Pressure mounts on software giant as it acquires Quickoffice By VICTORIA HO [SINGAPORE] With Google’s acquisition of Quickoffice, the pressure on Microsoft’s enterprise hegemony has been turned up a notch. Yesterday, Google bought the company, which makes productivity software for mobile devices. Specifically, Quickoffice632 words
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Article400 2012-06-07 2 SAMUEL EE - While Cat A is up by $1,002, Cat B goes down by $2,216 By SAMUEL EE [SINGAPORE] COE premiums ended mixed in the first bidding exercise following the announcement of measures to boost the supply of certificates of entitlement. Category A for cars below 1,600 cc400 words
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Article505 2012-06-07 2 Housing oversupply on horizon: Wing Tai JUST as pent-up demand saw housing prices shoot up over the past few years, a reverse situation could be at play now, says Wing Tai chairman Cheng Wai Keung. People are bringing forward their decision to buy property as they fear prices505 words
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Article, Illustration828 2012-06-07 4 LYNN KAN - Country with largest fleet draws record attendance as it hosts shipping event By LYNN KAN in Athens THE quiet streets and store shutters in downtown Athens give away Greece’s recessionary woes, but international interest in the country’s substantial and wealthy shipping industry has828 words
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Article, Illustration577 2012-06-07 4 GRACE LEONG - Lim accused of corruption in IT contract tenders By GRACE LEONG [SINGAPORE] Former Singapore Civil Defence Force chief Peter Benedict Lim Sin Pang was slapped with 10 charges in the Subordinate Courts yesterday for allegedly accepting sex from three women in exchange for favouringAZIZ HUSSIN/THE STHAIT5 TIMES - 577 words
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506 2012-06-07 4 TEH SHI NING - Big opportunities for Asia if things get very bad: Nomura By TEH SHI NING [SINGAPORE] Asia’s green shoots of recovery are starting to wilt and the clearest signs have emerged in deteriorating export numbers across the region. But another area to worry about is506 words
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308 2012-06-07 4 Former central bank adviser also calls for rate liberalisation to bolster economic growth Bloomberg [SINGAPORE] China should take advantage of a “relatively low” inflation to further liberalise interest rates as it seeks to bolster economic growth, former central bank adviser Li Daokui said. The centralBloomberg - 308 words
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Advertisement98 2012-06-07 2 Legend of the Seas VMKnf SAVERS 2- WEEKEND MALACCA CRUISE Singapore Departure: Nov 3 Ports-of-call: Singapore, Malacca 3- BEST OF MALAYSIA CRUISE Singapore Departures: Oct 31, Nov 9,16,23,30, Dec 7,14,26 Ports-of-call: Singapore, Malacca, Penang 4- ISLES OF SOUTHEAST ASIA CRUISE fr $483* Singapore Departures: Nov 05,19,26, Dec 3,10,17,21 29 T98 words
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Advertisement196 2012-06-07 3 www.vw.com.sg m u y Passat fm ■t x £5 «r SssSfiSS 252 u 4 O 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, such as: 0 1.8196 words
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Advertisement570 2012-06-07 4 NOTICES SINGAPORE BOWLING FEDERATION NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Singapore Bowling Federation be held on Thursday, 28th June 2012 at 6:30pm at the SBF Conference Room, 100 Tyrwhitt Road #02-05 Jalan Besar Swimming Complex, Singapore *****2. NOTICE of any570 words
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Advertisement559 2012-06-07 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MOUNT ELIZABETH OPHTHALMIC INVESTMENTS PTE LTD (Registration No. *****2767K) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company, held at Mount Elizabeth Hospital, 2nd Level, The Doctor’s559 words
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Advertisement222 2012-06-07 5 CONTINENTAL GTV8 Where exhilarating performance meets unrivalled efficiency. 11 ■fi TOSS m m rj* ma m m ?s m V'-v ■TV K3V> sseassa /T £rw» A SB ,v as m MSS? Sirs: I ms i,.'- •s- sv >v? v> r-ss >C> £«8s mm ■r. ;-r, 1 r* T' T BENTLEY222 words
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COMPANY NEWS
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Article, Illustration477 2012-06-07 6 KENNETH LIM - Valuations cheap; growing middle class seen as key driver for growth By KENNETH LIM CHEAP valuations and the growing consumer power make emerging equities a solid shelter from the storm in Europe, said Alistair Lowe, global equities chief investment officer for StateARTHUR LEE - 477 words
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286 2012-06-07 6 JASMINE NG - By JASMINE NG Sembcorp Industries has struck a deal to build, own and operate an industrial wastewater treatment plant in China’s Jiangsu province. The deal agreement was signed by its wholly owned subsidiary Sembcorp (China) Holding Co and its Chinese partner Jiangsu Province286 words
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313 2012-06-07 6 JAMIE LEE - By JAMIE LEE SINGAPORE real estate investment trusts (S-Reits) may have shown some improvements in corporate governance standards in recent years, a study by the Asia Pacific Real Estate Association (APREA) suggested. The association yesterday released the top rankings of Reits in three Asian markets313 words
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296 2012-06-07 6 Reuters [SINGAPORE] Malaysia’s state-backed Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is trying to rope in Kuwait’s sovereign wealth fund as a cornerstone investor in its US$2 billion dual listing in Kuala Lumpur and Singapore, sources said.Reuters - 296 words
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Article, Illustration557 2012-06-07 7 VEN SREENIVASAN - CEO’s comment quells rumours of a potential cash call exercise Reports by VEN SREENIVASAN PROPERTY upstart Oxley Holdings does not see a need to do cash raising amid a steady stream of project income and access to bank finance. “We have been ableFILE PHOTO - 557 words
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331 2012-06-07 7 “TELL me what is more inhuman? Giving a young person an opportunity to buy an affordable first apartment in a good location, or making people cough up $1,700 psf for a 99-year leasehold residential unit in the suburbs or HDB townships?” That was the reaction331 words
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COMPANY BRIEFS
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101 2012-06-07 7 EZION Holdings, a provider of logistic support services to offshore oil and gas industries, has secured a four-year charter contract with a value of about US$86.3 million. It will provide a service rig for use by a national oil major to support its oil and101 words
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74 2012-06-07 7 KOON Holdings said it has secured a RM12 million (S$4.8 million) new infrastructure contract for the supply and installation of shore protection works at Independent Deepwater Petroleum Terminals at Pengerang, Johor, Malaysia. The project was awarded to its newly incorporated Malaysian wholly owned subsidiary, Koon74 words
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73 2012-06-07 7 UNITED Envirotech’s subsidiary Novo Envirotech (Tianjin) has won a 104 million yuan (S$21 million) engineering procurement and construction project in China’s Liaoning province. The contract, which involves upgrading a 200,000 cubic metres per day municipal wastewater treatment plant in Liaoyang City, was awarded73 words
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560 2012-06-07 9 GLENN CHOO - Projects include construction, vessel chartering services in Asia Pac, mid-east By GLENN CHOO SWIBER Holdings has clinched contracts worth more than US$830 million, news of which, along with a rebound in the stock market yesterday, sent its shares up by as560 words
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Article, Illustration655 2012-06-07 9 Bloomberg [SINGAPORE] The Rapaport Group plans to set up an online diamond exchange from October that’s open to banks, brokerages and other financial firms as well as industry members to benefit from increasing demand in China and India. The exchange, to be called RapX,Bloomberg - 655 words
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Advertisement757 2012-06-07 6 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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Advertisement76 2012-06-07 7 ULTIMATE DISCRETION ■L'l^i^y. rv-s PIAGET ALTIPLANO The world’s thinnest automatic watch White gold case, 5.25 mm thick The world's thinnest automatic movement Piaget Manufacture Calibre, 2.35 mm thick PiageT www.piaget-altiplano.com 7 s 'O-" PIAGET Boutiques: 01-11 Takashimaya Shopping Centre, Ngee Ann City, 391 Orchard Road. Tel: +65 6732 6831 Bl-3576 words
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Advertisement35 2012-06-07 7 Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from I m LIVE WELL35 words
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SINGAPORE MARKETS
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Article, Illustration566 2012-06-07 8 R SIVANITHY - STI up for a second day in low volume; bounce could also have partly stemmed from Fed chief’s Thursday testimony STOCKS R SIVANITHY Senior Correspondent HOPES that the European Central Bank (ECB) will cut interest rates and that the G-7 countries will be ableSource: Bloomberg - 566 words
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Article889 2012-06-07 8 CONRAD TAN - Compiled by CONRAD TAN Downstream oil and gas contractors OCBC Investment Research, June 6 DOWNSTREAM oil and gas companies reported weak results for the first three months of calendar year 2012 (Q1 2012) that were below expectations. Rotary Engineering disappointed with lower gross margins and a steep $4.6889 words
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Article, Illustration412 2012-06-07 8 CURRENCIES AFP [TOKYO] The euro rose against the US dollar and yen in Asia yesterday, despite growing fears about Spain’s finances, as traders looked to a European Central Bank (ECB) policy meeting and possible easing measures. The euro bought US$1.2507 and 98.72 yen inAFP; BLOOMBERG - 412 words
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Article186 2012-06-07 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 69 29 26 9 4 7 78 33 33 Commerce 33 7 12 3 3 2 36 10 14 Tpt/Stor/Comms 26 6 6186 words
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Article122 2012-06-07 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,360 23,360 68,608 68,608 Manufacturing 190,146 35,823 225,969 135,383 2,315 137,698 Commerce 251,373 5,730 257,103 143,976 250 144,226 Tpt/Stor/Comms 77,778 8,970 86,748 128,917 2,381 131,297 Finance 13,216 10 13,226 126,711 2 126,713 Construction 130,652 2,833122 words
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Article113 2012-06-07 8 Stock name Close Change CapMallsAsia 1.420 +0.045 CapitaLand 2.580 +0.100 CapitaMall 1.810 +0.020 CityDev 10.130 +0.550 ComfortDelGro 1.465 +0.010 DBS Grp 13.180 +0.100 F&N 6.500 +0.160 GLP 2.070 +0.040 Genting SP 1.495 +0.030 Golden Agri 0.635 +0.005 HK Land 5.630 +0.210 JMH 48.850 +1.350 JSH 30.030113 words
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Article66 2012-06-07 8 Jun 6 VALUE CLOSE BT OB/OS -73.00 +429.0 BT CADI -*****.00 +223.0 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 640.07 +9.99 FTSE ST Small Cap 422.84 +7.16 FTSE ST All Share 668.26 +11.51 FTSE ST China Top 190.09 +4.13 FTSE ST China 216.16 +4.52 FTSE66 words
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Article57 2012-06-07 8 VOLUME Golden Agri 98,379,000 NexGenSCom 62,454,000 GSH Corp 47,948,000 Noble Grp 44,887,000 Swee Hong 41,688,000 PSL Hldgs 38,892,000 Yoma 36,281,000 Olam 30,676,000 Teledata R 25,025,000 Sakari 24,717,000 VALUE($) Golden Agri 61,583,505 SingTel 52,450,190 Noble Grp 50,020,190 Olam 49,411,656 DBS Grp 47,116,780 UOB 38,559,290 Keppel Corp 35,729,630 Genting57 words
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Article114 2012-06-07 8 BY CENTS CLOSE UP IS S&P500 ***** 275.8 1.7 DBS Bk 4.7% NCPS 100 ***** 230.0 2.2 Jardine C&C 4400 221.0 5.3 GLD 10US$ ***** 214.5 1.1 JMH 4885 172.4 2.8 DBXT MSKorea 10US$ 5132 135.3 2.1 JSH 3003 106.0 2.8 Asia Pac Brew 3400 90.0 2.7 DBXT MSINDO114 words
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Article127 2012-06-07 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 3950 -102.1 -2.0 DBXT MSUSA 10US$ 3141 -99.6 -2.4 SembMar.ES.1206 429 -13.0 -2.9 Lyxor Russia 10US$ 346 -12.8 -2.8 DBXT MSBrazil 10US$ 502 -11.5 -1.8 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.1 UOB 5.05%NCPS 100 ***** -10.0 -0.1 IS ASIA HYG100US$127 words
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Advertisement64 2012-06-07 9 6281 5688 or 6757 4403 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 IS DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit64 words
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SINGAPORE NEWS
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Article, Illustration751 2012-06-07 10 LESLEY TEOH - Research finds Singapore sector on upward path but growth in spikes By LESLEY TEOH WHILE progress has been made in establishing Singapore as a clean technology hub, going by the rate of business formation in sector, the industry remains particularly vulnerable to macroeconomicSource: ACRA - 751 words
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378 2012-06-07 10 EVE YEO - Jobs outlook dim as only 37% of firms expects to add staff By EVE YEO WHILE workers in Singa-pore-based companies saw a decrease in bonus, they still averaged a 5.2 per cent salary increase this year. According to the latest378 words
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Article, Illustration289 2012-06-07 10 ARTHUR LEE - By ARTHUR LEE STREET artists rarely get an opportunity to paint on a large scale but one young artist had his dream come true. Local graffiti artist Sufian Hamri, 30, better known as Trase, was commissioned by OCBC to paint a 12x12 metreARTHUR LEE - 289 words
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516 2012-06-07 10 RONNIE LIM - By RONNIE LIM SINGAPORE’S free trade agreement with the United States will ensure it of LNG supplies from shale gas developments there, said Fereidun Fesharaki, chairman of consultancy Facts Global Energy (FGE), adding that “with FTAs, the US government has no516 words
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387 2012-06-07 10 RONNIE LIM - By RONNIE LIM A JUST-COMPLETED study on the environmental impact of reclamation of the waters surrounding Tuas View Extension and Jurong Island has found that it will have “no adverse impact on the nearest natural receptors” including marine life and coral. The hockey-stick387 words
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315 2012-06-07 10 Reuters ROYAL Dutch Shell plc will partially shut its 500,000 barrels-per-day (bpd) refinery in Singapore for a month-long maintenance starting around early July, five traders said yesterday. The company will shut a 110,000 bpd crude distillation unit (CDU), two of theReuters - 315 words
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ECONOMY WATCH
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Article, Illustration574 2012-06-07 11 Reuters [SYDNEY] Australia’s re-source-fuelled economy outpaced all expectations last quarter as households and businesses went on a spending spree, boosting the local dollar and lessening the urgency for further aggressive cuts in interest rates. Gross domestic product (GDP) rose 1.3 per centReuters; AFP - 574 words
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541 2012-06-07 11 Future looks bleak for the young in the United States: study NYT [NEW YORK] For this generation of young people, the future looks bleak. Only one in six is working full time. Three out of five live with their parentsNYT - 541 words
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556 2012-06-07 11 But financial sector’s rebound may not be enough to sustain mayor’s budget plan Reuters [NEW YORK] Wall Street, the bedrock of New York City’s economy, earned US$7.3 billion in the first quarter, a “significant rebound” from a US$2 billionReuters - 556 words
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Advertisement71 2012-06-07 11 Grapes and Gastronomy in The Wall Street Journal. What in the world is going on? From the latest tastes in lifestyle and leisure to vital insights and analysis on business and finance, The Wall Street Journal provides the breaking news and intelligence you need to navigate your business and your71 words
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MALAYSIA/INDONESIA
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441 2012-06-07 12 [KUALA LUMPUR] After the acquisition of OSK Investment Bank, RHB Capital Bhd (RHB Cap) is still interested in further acquisitions to boost its overseas presence. “It is one of the pieces that is taking us closer to our goals.” RHB Cap group managing441 words
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623 2012-06-07 12 PAULINE NG - Investors attracted by possible special dividend and free units in the trust By PAULINE NG in Kuala Lumpur A PROPOSAL by Berjaya Sports Toto (BST) to spin off part of its gaming business into a Singapore-listed trust saw its stock surging623 words
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Article, Illustration627 2012-06-07 12 Bloomberg [SINGAPORE] Indonesia, the world’s second largest exporter of liquefied natural gas, will seek to import overseas cargoes to meet growing domestic demand, according to the nation’s oil and gas regulator. Importing LNG will help the country satisfy export commitments and benefit fromBloomberg - 627 words
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Advertisement108 2012-06-07 12 mu n jf -ij Jr i 4 HAVING A MIND IS ALWAYS FASHIONABLE. Lim Ee Jin, Director, Marketing Communications, Indeed, creativity is cool and we couldn’t agree more. That’s why we’re back to rock the creative runway in a bigger and bolder way as the new SPH link Awards, which108 words
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MALAYSIA
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494 2012-06-07 13 S JAYASANKARAN - Construction of floating production facility taking longer than expected By S JAYASANKARAN in Kuala Lumpur THE development of a major oil field in deep waters off the coast of Sabah has been delayed to 2013 from this year. Wee Yiaw Him, an494 words
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Article, Illustration669 2012-06-07 13 AFP [KUALA LUMPUR] A Malaysian prince is promoting a novel weapon against the worsening scourge of dengue fever: a protein “pill” that starves mosquito larvae and could revolutionise the global dengue fight. It is a fight that is intensifying: more than 2.5AFP - 669 words
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Advertisement3680 2012-06-07 13 W KJOTi r^F^s I W I I j B j ij www.cats.com.sg/notices s&yUSSk SINGAPORE POST LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****1623M NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE 20TH ANNUAL GENERAL MEETING of the Company will be held at 10 Eunos3,680 words
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GREATER CHINA/INDIA
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513 2012-06-07 14 Banks to be allowed to securitise up to 50b yuan of assets in total: sources Reuters [BEIJING] China is restarting its securitisation industry for the first time in four years by letting banks securitise as much as 50 billion yuan (S$9.9 billion) of assetsReuters - 513 words
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Article, Illustration687 2012-06-07 14 Reuters [HONG KONG] “People like us who buy Ferraris don’t care too much about insurance because we buy cars for speeding,” said Li, in his 20s and the son of a Pearl River Delta factory owner, as he took delivery of a new fiveReuters; REUTERS - 687 words
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418 2012-06-07 14 Reuters [NEW DELHI] Want to drink in Mumbai? Do it at your own risk. Revellers in India’s financial hub caught drinking alcohol without a licence face stiff fines and a stint in prison. City authorities are cracking down on illegalReuters - 418 words
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288 2012-06-07 14 Reuters [SHANGHAI] Buddhist and Taoist temples have no right to go public and list shares on stock exchanges, a Chinese official was quoted in state media as saying of an issue that seems to have touched a nerve with the officially atheist government.Reuters - 288 words
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771 2012-06-07 14 PAULINE CHIOU - ASIA BUSINESS BREAKOUT By PAULINE CHIOU The writer is a CNN anchor/correspondent based in Hong Kong. Follow her on Twitter@PaulineCNN. For more business coverage, go to www.cnn.com/business HONG Kong art collector Alan Lo and his father share a love for Chinese art. The771 words
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Article, Illustration439 2012-06-07 14 Bloomberg [HONG KONG] Former Hong Kong central banker Joseph Yam bears “ultimate responsibility” for the improper sale of securities that led to street protests when the collapse of Lehman Brothers Holdings Inc threatened to wipe out retail investors’ savings. More than 43,700 peopleBloomberg; FILE PHOTO - 439 words
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WORLD
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Article, Illustration389 2012-06-07 15 Bloomberg Reuters [TOKYO] Olympus Corp, the camera maker that admitted to a US$1.7 billion accounting fraud, rose to its highest in more than a month after Kyodo news agency reported Panasonic Corp will invest in the company. The shares gained as much as 3.5Bloomberg; Reuters; REUTERS - 389 words
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341 2012-06-07 15 Reuters [SYDNEY] BHP Billiton, the world’s biggest mining company, said yesterday it was necessary to maintain investment in new projects even during downturns in commodity prices. BHP last month scrapped a five-year, US$80 billion capital spending plan, citing uncertain global economic conditions. That includedReuters - 341 words
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Article, Illustration800 2012-06-07 15 AP [WASHINGTON] President Barack Obama’s Republican challenger, Mitt Romney, was taking heart yesterday from a rare and boisterous Wisconsin election where voters rejected a bid by labour unions and Democrats to oust the state’s conservative governor in the middle of his term. The voteAP; AFP - 800 words
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447 2012-06-07 15 Deal gives performers, record companies new income stream NYT [NEW YORK] Clear Channel Communications has agreed to share revenues from standard radio broadcasts with the record label behind Taylor Swift, a move that deviates from the traditional economics of the radio industry.NYT - 447 words
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578 2012-06-07 15 Fall of S&P 500 below 200-day average a trigger for more selling Reuters [NEW YORK] Sometimes “oversold” means “sell more”. The S&P 500 Index was hit by a double whammy in the past few days. On Friday, the index fell below its 200-dayReuters - 578 words
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424 2012-06-07 16 Close ties have enabled corruption and undermined economic stability AP [BRUSSELS] An anticorruption group yesterday warned that close ties between business and government in many European countries have enabled corruption and undermined economic stability. The group, Transparency International, said in aAP - 424 words
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Article, Illustration57 2012-06-07 16 [BASEL, Switzerland] The sculpture ‘Tulips’ from 1995-2004 by artist Jeff Koons is on display at the Fondation Beyeler in the Swiss town of Riehen near Basel. The Fondation Beyeler is presenting the first exhibition devoted to the US artist by a Swiss museum. The exhibition ‘JeffREUTERS - 57 words
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Article, Illustration451 2012-06-07 16 They also reject calls by them to tighten industry’s regulation Bloomberg [COPENHAGEN] Politicians should limit discussion of the merits of rating companies and scale back proposals for further regulation of the industry if it’s to stay competitive, said Fitch Ratings president PaulBloomberg; BLOOMBERG - 451 words
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371 2012-06-07 16 Reuters [NEW YORK] Barclays plc is entitled to recover roughly US$ 1.5 billion of disputed assets related to Lehman Brothers Holdings Inc’s bankruptcy, a US federal judge said, reversing a decision by a federal bankruptcy judge. Tuesday’s decision by US District Judge Katherine Forrest inReuters - 371 words
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536 2012-06-07 16 Reuters [BEIJING] Iran’s top crude oil buyers in Asia have just weeks to come up with ways to keep imports flowing without falling foul of the toughest Western sanctions to date against Tehran’s oil trade. Solutions have proved elusive so far.Reuters - 536 words
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470 2012-06-07 16 Reuters [MILAN] Prosecutors from a small town in southern Italy have probed Standard Poor’s headquarters in New York for alleged market manipulation as part of an investigation into the credit-rating agency’s downgrades of Italy, a legal source said on Tuesday. Prosecutors fromReuters - 470 words
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636 2012-06-07 17 Banks intensifying efforts to limit risks taken outside of national borders Reuters [MILAN] While eurozone leaders debate the best strategy to preserve the single currency, investors and policymakers are pointing with alarm at the progressive disappearance of a common market for lenders andReuters - 636 words
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Article, Illustration586 2012-06-07 17 NYT [ATHENS] As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money. Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens mightNYT; REUTERS - 586 words
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485 2012-06-07 17 Reuters [NEW YORK] Wall Street bankers are bracing for another round of job cuts as a downturn in the global economy cuts into earnings from deal making, capital raising and lending. Investors, consultants and analysts say that the big banks are just notReuters - 485 words
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446 2012-06-07 17 CBO report is fresh fodder for year-end budget brawl Reuters [WASHINGTON] US public debt would balloon to twice the size of the nation’s economy in 25 years if current tax and spending policies are extended, Congress’ budget referee saidReuters - 446 words
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Article, Illustration66 2012-06-07 17 [LOS ANGELES] Entertainment Arts’ zombies from ‘Plant vs Zombies’, a game in which one of the zombies bears an intentional resemblance to Michael Jackson in the ‘Thriller’ music video at the Orpheum Theatre where EA producers held their presentations during the E3 2012 media briefing thisAFP - 66 words
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373 2012-06-07 17 Reuters [NEW YORK] Ray Bradbury, a giant of American literature who helped popularise science fiction with works such as The Martian Chronicles, died on Tuesday at age 91, his publisher said yesterday. Mr Bradbury published more than 500 works including Fahrenheit 451,Reuters - 373 words
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Advertisement26 2012-06-07 15 98(2$)5!9# PORSCHE BOOKLET 51(2$%9% "35 23)<4773< Breakfast with 4$26 "&0),’ <)2"# 6<,95# *9<,0:,75 /456 56<5"9;3<5<,+ 5<75%’941< 56< )</ .<-37 87 748) 3! ,5 ///$5"9;3<$("+$78 3051 %)01 !!!*#.&$,004*&02(’0+-%$*)51"./0+$26 words
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Advertisement10 2012-06-07 15 HOTTEST HITS 91.3FM HEAR ADAM LAMBERT HOTTEST HITS ON 31.BFM10 words
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Advertisement418 2012-06-07 17 MATS NOTICES i \,[}`]^!&@~$,]=!]:'>%>~+>>>>&:[ IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) HOR LIM PTE. LTD. Co. Reg. No. *****6761K (2) BEMO SYSTEMS ASIA PTE. LTD. Co. Reg. No. *****4334M (BOTH IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General418 words
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COUNTRY FOCUS: KAZAKHSTAN
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Article, Illustration1312 2012-06-07 18 VINCENT WEE - Vincent wee reports on the main events and meetings at the three-day V Astana Economic Forum SPECIAL FEATURE WEEreports VINCENT WEE AN example of how the rising Central Asian republics are forging an increasingly important place in world affairs, the recent V Astana Economic Forum1,312 words
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Article, Illustration811 2012-06-07 18 VINCENT WEE - President Nazarbayev explains the key ideas behind G-Global and the conclusions reached so far Reports by VINCENT WEE LEADING Kazkhstan into the future, President Nursultan Nazarbayev has some clear ideas about the direction the global economy should take, going forward. In his opening speech811 words
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Article, Illustration395 2012-06-07 18 THE Singapore Exchange (SGX) was one of the many international delegations present at the Astana Economic Forum. Seeking to promote the exchange and help connect investors in search of Asian growth, SGX head of listings (Europe, Middle East and Russia), Paulina McGroarty395 words
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Article, Illustration1015 2012-06-07 19 reportsVINCENT WEE - Astana has reached a high level of interaction with the OIC and its institutions, reports Vincent wee SPECIAL FEATURE reportsVINCENT reportsVINCENT WEE KAZAKHSTAN’S chairmanship of the Organisation of Islamic Cooperation (OIC) Ministerial Council has been marked by many achievements. Many of these1,015 words
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Article, Illustration399 2012-06-07 19 VINCENT WEE - Astana plays host to congress that aims to improve ties between religious communities By VINCENT WEE KAZAKHSTAN recently hosted the 4th Congress of the Leaders of World and Traditional Religions in Astana with the plenary session of the inter-religious forum held under the motto, “Peace399 words
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Page 19 Advertisements
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Advertisement34 2012-06-07 19 www.expo2017astana.com SA k energy mm v. C'‘ m Si ass K K*r SS 1 saw. *r- n'-jS-feriih-. -3* I I F •2017 ASTANA KAZAKHSTAN Astana candidate city to host International Specialized Exhibition EXPO 201734 words
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EDITORIAL & OPINION
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474 2012-06-07 20 EDITORIAL AFTER a first quarter in which global equity markets rose sharply on a wave of liquidity, sentiment has deteriorated as worries mount over the future of the eurozone. This is understandable since an exit by Greece could spark contagion fears in other troubled474 words
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Article, Illustration775 2012-06-07 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 ALL signs are that Taiwan president Ma Ying-jeou’s second term, which began on May 20, will continue to see a strengthening of cross-strait economic relations775 words
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Article, Illustration1034 2012-06-07 20 ANTHONY ROWLEY - A gold standard may limit the amount of currency that can be printed ANTHONY ROWLEY Tokyo Correspondent FEW people probably noticed that the price of gold jumped by US$63 an ounce or nearly 5 per cent on Monday; they wereAFP FILE PHOTO - 1,034 words
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Article, Illustration918 2012-06-07 21 ANDY LECK, CHEAH YEW KUIN - Businesses must ensure robust safeguards and policies are in place to avoid being mired in avoidable legal disputes By ANDY LECK, CHEAH YEW KUIN The writers are, respectively, the head and senior associate of Baker McKenzie’s intellectual property practice group in Singapore THE explosionAFP - 918 words
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Article, Illustration984 2012-06-07 21 SIMON TILFORD - By SIMON TILFORD The writer is chief economist at the Center for European Reform HOW the eurozone handles Greece will determine whether the single currency survives and hence the future of the European Union as a whole. If a Greek exit from the eurozone is mishandled,AP - 984 words
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AVIATION/SHIPPING
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335 2012-06-07 22 Reuters [WASHINGTON] The US Air Force on Tuesday awarded Lockheed Martin Corp a contract to retrofit 40 F-22 fighter aircraft with an automatic back-up oxygen supply after some pilots experienced oxygen deprivation when flying the supersonic plane. The contract isReuters - 335 words
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Article, Illustration386 2012-06-07 22 US$1.5b deep-sea port in the country’s south straddles a major shipping lane AFP [COLOMBO] Sri Lanka’s first Chinese-built port, a strong symbol of Beijing’s investment in South Asia, opened for international shipping yesterday with the handling of 1,000 cars from India.AFP - 386 words
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233 2012-06-07 22 AFP [MANILA] The Philippines’ aviation regulator yesterday announced a ban on local airlines overbooking flights, following an outcry from would-be passengers who had been denied seats. The ban takes effect on June 15 even though low-cost carriers have protested that this would severely damage theirAFP - 233 words
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424 2012-06-07 22 Firm seen unlikely to restore normal run rates until end of Q3 Reuters [SINGAPORE] Japan’s Cosmo Oil will skip diesel exports in July, the third month in a row, as it is unlikely to restore normal run rates at its quake-hitReuters - 424 words
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Article259 2012-06-07 22 Bloomberg [WELLINGTON] Flights through Christchurch International Airport, the busiest on New Zealand’s South Island, have been disrupted by snowfalls, the company said. Air New Zealand Ltd, the nation’s largest airline, stopped flying to Christchurch yesterday, it said in an e-mailed statement, adding that a large numberBloomberg - 259 words
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Article257 2012-06-07 22 SGX '000 Jun 6 S$ +/-Vol CH Offshore 0.42 0.01 86 Chuan Hup Hldg 0.22 0.01 60 Cosco Corp 1.02 0.04 6342 s$ Ezra Hldgs 0.92 0.04 ***** First Ship Lea 0.17 unch 80 Freight Links 0.06 unch 200 Grand Banks unch unch 0 Jaya Hold Ltd 0.56257 words
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825 2012-06-07 22 Flagging European trade, ship glut thwart industry bid to implement hikes Bloomberg [HAMBURG] Container lines are thwarting their own efforts to push through higher freight rates. The Shanghai Containerized Freight Index, a measure of prices for cargo leaving the world’s busiest port, has droppedBloomberg - 825 words
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1968 2012-06-07 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 STXPO1,968 words
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Page 22 Miscellaneous
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Miscellaneous320 2012-06-07 22 CRYPTIC CROSSWORD Across 1 Digital recording uploads, off and on, produced by actors (7) 9 Pudding with green veg it’s nice in the garden (5,3) 10 Mistakenly call the malignant hag (7) 11 Time for a few words (8) 12 Make up about gaining access instantly (2,4) 13 Significant life320 words
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Page 23 Advertisements
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Advertisement17 2012-06-07 23 :]/*.`%])","&{._;)$_;=$]/?]&<;& FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II17 words
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Advertisement28 2012-06-07 23 Experienced sh/p maintenance M your services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Mil. UUJIIYLJJ IIIVILJ Shipping Times28 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration893 2012-06-07 24 AMIT ROY CHOUDHURY - Meg Whitman is steering the company back towards its infrastructure commitment By AMIT ROY CHOUDHURY in Las Vegas STANDING in front of a crowd of 8,000 people in an atmosphere befitting the gambling capital of the world, Hewlett-Pack-ard’s Meg Whitman announced on Tuesday that “tectonicBLOOMBERG - 893 words
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387 2012-06-07 24 Reuters [SHANGHAI] Chinese smartphone maker Xiaomi Technology is in the process of closing a fundraising round that will value it at US$4 billion almost half of Nokia’s market capitalisation a source with direct knowledge of the matter said. Xiaomi, which sells smartphonesReuters - 387 words
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639 2012-06-07 25 Chip companies hope to play the volume game selling low-cost chips on razor-thin margins Reuters [TAIPEI] Global chipmakers are tapping booming demand for entry-level smartphones costing 1,000 yuan (S$202) or less apiece in China, the world’s largest mobile phone market, by introducing chips that packReuters - 639 words
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443 2012-06-07 25 CLEMENT TEO - By CLEMENT TEO IF research firm In-Stat is right, the number of active mobile VoIP (voice over Internet Protocol) subscribers worldwide would have increased from nine million at the end of 2010 to 29 million at the end of 2011. By 2015,443 words
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371 2012-06-07 25 Reuters [STOCKHOLM] Half the world will have access to 4G mobile networks by 2017 providing the highspeed Internet access needed to download videos and play games on smartphones, Ericsson said in a report on the telecoms market onReuters - 371 words
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Page 24 Advertisements
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Advertisement135 2012-06-07 24 Suntec SINGAPORE International Convention Exhibition Centre ta Hi, f||| Mu www.Broadcast-Asia.com Asia's most focused dedicated exhibition for the Film TV industries happening at Suntec Singapore from 19-22 June 2012 BroadcastAsia 2012 Asia's most established technology showcase for the Film, TV, Broadcasting and pro-audio industries continues to evolve and move beyond135 words
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Advertisement28 2012-06-07 24 WWW omy sg 2 r.. s s SiV ---1 Beauty motoring mj; enthusiasts won Bosch Amazing Car Race More at lifestyle.omy.sg Download FREE QR Code Reader, e.g. BeeTagg28 words
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Advertisement31 2012-06-07 24 First stop, Singapore The Taj Express chugs into town... next stop, the world NAUTICAL THEME FOR FOOD FESTIVAL @LITTLE INDIA GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST31 words
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Page 25 Advertisements
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Advertisement348 2012-06-07 25 IBM, the IBM logo, ibm.com, Smarter Planet and the planet icon are trademarks of International Business Machines Corp, registered in many jurisdictions worldwide. Other product and service names might be trademarks of IBM or other companies. A current list of IBM trademarks is available on the Web at www.ibm.com/legal/copytrade.shtml. International348 words
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SINGAPORE STOCKS
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Article2779 2012-06-07 26 Transaction date: Jun 6 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 114 +2 353 114 112.52,779 words
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Article233 2012-06-07 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 4.6 1.3 t Advanced System 2 unch 1755 2 2 2 2.1 26.5 Last Quote Div Gr Yld Net M Cap High233 words
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Article7902 2012-06-07 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 American Opp Asian Local Ccy SD Bond 0.619/ —1.0028/ EM7,902 words
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Article188 2012-06-07 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 $mil 46 25.5 Genting HK US$ US32 +1 2502 32 31 31.5 32 2107 Vol 201 168 TanChongInt HK185 184 190 4.3 3.8 6.2 3725.7 STOCK PRICES LEGEND:188 words
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Article944 2012-06-07 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 95.4 96.5 10.1 1261 856 CIMBAsean40 100US$ US980 +48 131 980 936 979 987 153.7 ***** ***** DBXT AUD944 words
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FINANCE & COMMODITIES
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Article622 2012-06-07 28 Jun 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8428.36 8549.00 8412.55 Jun12 8375.00 8550.00 8350.00 8515.00 *****0 *****3 Sep12 8370.00 8540.00 8345.00 8505.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 250.17 251.88 249.22 Jun12 248.80 251.60 247.60 250.30 ***** *****8 Jul12 242.00 242.00622 words
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Article107 2012-06-07 28 Jun 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1349.50 1340.00 1360.25 1340.50 Aug 12 1332.50 1319.75 1339.00 1319.25 Sep 12 1302.50 1291.75 1308.00 1288.75 Nov 12 1277.00 1268.25 1283.50 1263.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 48.50107 words
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Article76 2012-06-07 28 CRUDE OIL PRODUCTS Jun 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.31 0.92 WTI (Near Mth) 84.07 0.01 Dubai (1-Mth F) 95.12 1.81 Tapis blend 103.87 1.98 Minas 104.77 1.98 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.61 1.89 Jet Kerosene 111.15 0.98 US$/barrel OpecOil Basket76 words
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Article22 2012-06-07 28 Jun 6 S$ Bid Offer 1-month 1.2766 1.2768 2-months 1.2765 1.2768 3-months 1.2762 1.2764 6-months 1.2744 1.2748 Source: OCBC22 words
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Article66 2012-06-07 28 Jun 1 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$/tonne) Cash *****.00 *****.50 366 words
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Article, Illustration132 2012-06-07 28 As on 5 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 535.50 535.25 536.75 10 CURRENCY AUD-USD FUT JUN2012 .9776 .9708 .9727 322 EUR-USD FUT JUN2012 1.2534 1.2411 1.2450 2972 AUD-USD FUT SEP2012 .9637 .9637 .9654 10132 words
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373 2012-06-07 28 In local curr In S$ In US$ dy yr dy yr dy yr Jun 5 Index Change Change Change Change Change Change World Preliminary 819.9 0.4 -1.2 0.2 -3.1 0.3 -2.4 EAFE Preliminary 652.1 0.7 -4.4 0.4 -7.7 0.5 -6.9 Europe Preliminary 967.2 0.2 -5.8373 words
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Article80 2012-06-07 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$/tonne) Close Prev High/Low Jul 12 2158 2180 2188/2105 Sep 12 2143 2162 2168/2088 Nov 12 2127 2147 2155/2074 Jan 13 208780 words
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1287 2012-06-07 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 329 8.75 23 Conv Ratio Baker Technology Ltd W*****6 1.6 1 32 16 18.13 5 Best World Intl Ltd W*****5 0.6 1 30 70 30.001,287 words
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Article470 2012-06-07 28 Jun 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 6.281 0.789 7.659 54.792 93.591 0.782 11.591 3.133 1.293 92.446 42.669 1.260 8.281 0.947 29.494 31.039 0.638 0.987 Canada 0.982 6.169470 words
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Article54 2012-06-07 28 Jun 6 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****54 words
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Article134 2012-06-07 28 Jun 6 GOLD(US$/oz) Jun 06 Jun 05 Hong Kong 1641.20 1625.00 Jun 05 Jun 05 Jun 04 London 1618.89 1613.90 1619.70 1614.70 Source: Thomson Reuters CAST BAR Jun 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 161 67 5gm 457 335 10gm134 words
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Article87 2012-06-07 28 Jun 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.27 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-14 100.08 5-Year N*****0Z 2.375 01-Apr-17 108.74 108.80 108.78 1-Year 10-Year87 words
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Article57 2012-06-07 28 Jun 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3000.0 2953.0 3000.0 2985.0 334 2499 Jul 12 3010.0 2960.0 3013.0 2992.0 1761 ***** Aug 12 3014.0 2966.0 3026.0 2993.0 ***** ***** Sep 12 3006.0 2961.057 words
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Article154 2012-06-07 28 Jun 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2602 1.2607 0.9871 0.9874 Canadian dollar 1.2377 1.2383 0.9695 0.9698 Euro 1.5984 1.5987 1.2520 1.2521 NZ dollar 0.9745 0.9752 0.7633 0.7638 Sterling pound 1.9766 1.9771 1.5482 1.5485154 words
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Article121 2012-06-07 28 As at 9am Jun 6 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.283 1.222 Can dollar 1.266 1.206 Euro 1.636 1.559 Sterling pound 2.011 1.934 NZ dollar 1.001 0.954 US dollar 1.303 1.253 Local dollars to 100 units of foreign121 words
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Article154 2012-06-07 28 Jun 6 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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, Illustration482 2012-06-07 29 Hotel group also looking towards Asia as bright spot for the company Bloomberg [HONG KONG] Marriott International Inc, the largest listed US lodging chain, plans to open more hotels and add workers even as growth in its home market eases and Europe strugglesBloomberg; AFP - 482 words
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Article1110 2012-06-07 29 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN MAY 9 AND MAY 15, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Eon Shenton Apt 15/05/2012 99 538 1179 2191 Eon Shenton Apt 11/05/2012 991,110 words
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427 2012-06-07 30 JASMINE NG - Offer price of the site, sitting on about 104,370 sq ft of land, is between $160m and $165m By JASMINE NG A LARGE redevelopment site in one of Singapore’s prime neighbourhoods, District 11, has been offered for sale at an asking price of427 words
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532 2012-06-07 30 Bloomberg [LONDON] Luxury-home prices in central London rose the least in nine months in May, after the British government increased a tax on purchases of £2 million (S$3.9 million) or more, Knight Frank LLP said. Values of houses and apartments costing anBloomberg - 532 words
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Article, Illustration463 2012-06-07 30 Govt denies reports that it is backing off from policy target Reuters [SHANGHAI] China’s main real estate regulator reaffirmed its commitment to maintaining current restrictions on property sales yesterday, the official Xinhua news service reported, as Beijing continues to resistReuters; AFP - 463 words
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378 2012-06-07 30 AP [NEW YORK] An iconic hotel in the heart of midtown Manhattan is buzzing with thousands of tiny new visitors. But watch out: They’ll sting if you get too close. Honeybees have taken up residence at the Wal-dorf-Astoria New York, one of NewAP - 378 words
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Article, Illustration524 2012-06-07 31 KALPANA RASHIWALA - Wing Tai chairman suggests minimum size rule for residential sites By KALPANA RASHIWALA CHENG Wai Keung thinks building too many shoebox apartments will distort planning and put a strain on surrounding roads and other infrastructure. He also urges buyers to beware this housingSUMBURA - 524 words
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214 2012-06-07 31 Reuters [LONDON] Lloyds Banking Group sold an £809 million (S$1.6 billion) portfolio of non-performing loans on distressed property in Australia to Morgan Stanley and Blackstone, as part of the UK lender’s plans to wind down non-core assets. Lloyds, which is 40 perReuters - 214 words
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Article, Illustration623 2012-06-07 32 KALPANA RASHIWALA - He wonders why high-end homes here still trail HK, London so much Reports by KALPANA RASHIWALA WING Tai’s head honcho has questioned why a wide gap exists in high-end home prices between Singapore and other cities such as Hong Kong and London,FILE PHOTO - 623 words
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698 2012-06-07 32 But ‘high-end locations still have a certain brand value’ SINGAPORE’S MRT network, along with a lethargic high-end market, has led to a narrowing price gap between suburban condos near MRT stations and those in the CBD/prime districts. One way for the authorities698 words
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Advertisement259 2012-06-07 29 KULAI CENTER POINT KULAI CITY INN FOR SALE! KULAI ccqtrc poiqt TH E LiTTtl BIG MALL i Xyr KULAI CITY INN HOTEL fi S I ;1 IS haven inn the dtp D Do not miss this great investment! High-potential capital gain and rental yield. 5-storey retail and hotel with 2259 words
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Advertisement160 2012-06-07 30 ST AUCTION on 111 kic onio Real value in a changing world 50 LOYANG WAY A single-storey JTC factory with mezzanine level Land Area: Approx. 74,401 sq ft Gross Floor Area: Approx. 28,344 sq ft Tenure: 30 years wef 1/5/1984 30 years Vacant possession I i I II For further160 words
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Advertisement124 2012-06-07 30 V DU UO V r- I sU yy. Jr tec tk3(o]ci®®ra2@p iEX3EDsp97B^0(ZiGijbi95@E3 Direct LATITU D E*** (freehold condo for immediate occupation) J Viewing by Appt (Sole Agency): *****070 Henson CEA Registration; cion) jet Pang ERA R*****3A L*****82K If FOR LEASE Raffles Place Office Space Grade A Office Fitted and Fully124 words
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Advertisement24 2012-06-07 30 Western and Malaysian companiesto fuel IPO market here in second half? here in second 11“®^ n&H? To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
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Advertisement155 2012-06-07 31 FOR SALE 700 BEACH ROAD SINGAPORE Modern, stylish 8-storey office building Sale by Expression of Interest Closing date: 3pm, Thursday 5 July 2012 o Jones Lang LaSalle Real value in a changing world Beach Road growth corridor Adjacent to Nicoll Highway MR! 100% occupied high quality tenants Strata area 67,429155 words
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Advertisement195 2012-06-07 31 Freehold Site for Landed Housing Development Not To Scale. For Reference Only. Prime District 11 location Exclusive Bukit Tunggal GCBA Chancery neighourhood Site Area 9,696.3 sm (104,370 sf) MP 2008 ‘2-storey mixed landed’ Within 1 km to ACS (Barker) Near shopping medical hub in Novena Contact: DTZ Investment Advisory Services195 words
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Advertisement114 2012-06-07 31 Sophia Mansions Dis 9 Site off Dhoby Ghaut/Selegie Land 17,545 sf; FH; GPR 2.1 36mAMSL 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 (CEA Regn No:114 words
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Advertisement163 2012-06-07 32 I LOUIS VUITTON OFFICIAL TIMEKEEPER OF THE AMERICA'S CUP, '\x V IP JR# 0- w A ’V V*' :•>/ ,|v V?’ 1 I IWmjto.;.;. I 1°°! i O <$> p,* k i o r %o 8 4 Q v)\s vu/rro v.a, N i ■-v •£> k/ V V. -fnn-K A'163 words
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