The Business Times, 28 February 2013
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2013-02-28
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The Business Times
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Title Section25 2013-02-28 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, February 28, 201325 words
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Article, Illustration781 2013-02-28 1 TEH SHI NING - Despite sluggish exports, MAS may have little option but to stick with strong currency By TEH SHI NING [SINGAPORE] Budget 2013’s implications for costs and inflation leave the central bank with little room to ease its strong Sing dollar policy, despite continued sluggishnessFILE PHOTO; Source: Department of Statistics - 781 words
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MARKETS DIGEST
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Article65 2013-02-28 1 GST INDEX 3,261.12 (+6.86) GST INDEX FUTURES 3,261.00 (+7.00) GSIMSCI 367.53 (+0.35) GSIMSCI FUTURES 367.70 (+1.10) US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.510 1.870 EURO (US$/S$/€ 1.309 1.622 Foreign currency per US$ S$ YEN 91.80 74.10 RM 3.100 2.502 HK$ 7.758 6.261 BAHT 29.83 24.08 RUPIAH65 words
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Article48 2013-02-28 1 Tuesday Change KL COMP 1,624.14 -0.04 NIKKEI 225 11,253.97 -144.84 HANG SENG 22,577.01 +57.32 SET INDEX 1,518.05 -12.27 JAKARTA COMP 4,716.42 +53.38 MANILA COMP 6,616.27 -14.40 SEOUL COMP 2,004.04 +4.03 SHENZHEN B 813.87 +4.65 MUMBAI IND 19,152.41 +137.76 11am EST Change DOW 13,975.22 +75.09 NASDAQ 3,151.96 +22.3148 words
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Article22 2013-02-28 1 SINGAPORE MALAYSIA MALAYSIA HONG KONG HONG KONG 5.00 INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg22 words
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Article, Illustration556 2013-02-28 1 SAMUEL EE - Some buyers of luxury cars take the leasing route to avoid downpayment By SAMUEL EE [SINGAPORE] Comes the new rule, comes the new solution. Some buyers of luxury cars who do not want to put down a 50 per cent downpayment are goingPHOTO: AFP - 556 words
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Advertisement249 2013-02-28 1 HK BUDGET A modest package short of bold steps PAGE 2 COMPANIES Sterling year for the 3 local banks PAGE 6 BUDGET REACTIONS It’s sound to tax wealth over income: analysts PAGE 4 PROPERTY Expiring leases a worry for childcare centres PAGE 32 Property 2013 A 28-page supplement with your249 words
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TOP STORIES
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Article, Illustration714 2013-02-28 2 It offers marginal economic stimulus and relief measures amid uncertainty Reuters [HONG KONG] Hong Kong launched a relatively modest series of economic stimulus and relief measures in its annual Budget yesterday to combat an uncertain external environment with its economy likely to recoverReuters; PHOTO: AP - 714 words
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Article, Illustration825 2013-02-28 2 CAI HAOXIANG - By CAI HAOXIANG [SINGAPORE] Prominent private property developer Han Cheng Fong has won his lawsuit against his erstwhile partners, who had sacked him from an ill-fat-ed Sino-Singapore project amid an internal spat. High Court Justice Tan Lee Meng found that Dr Han was wrongfully dismissed825 words
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499 2013-02-28 2 RONNIE LIM - By RONNIE LIM {SINGAPORE] The energy and chemicals industry will continue to be a strong growth sector for Singapore, Trade Industry Minister Lim Hng Kiang said yesterday. But although Asia’s growing demand for chemical products will bolster the industry, he warned of challenges499 words
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407 2013-02-28 2 NEETA LAL - By NEETA LAL By in New Delhi INDIA’S Central Bureau of Investigation is looking into allegations against three telcos, including SingTel, that they illegally provided international long distance services to Indian consumers. The others being investigated are Bharti Airtel407 words
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Article364 2013-02-28 2 Shadow of costs may keep Sing$ strong BUDGET 2013’s implications for costs and inflation leave the central bank with little room to ease its strong Sing dollar policy, despite continued sluggishness in exports and manufacturing, economists say. FRONT PAGE Where there’s a wheel, there’s a way SOME buyers364 words
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949 2013-02-28 4 KENNETH LIM - But S’pore may have to raise income or consumption levies in the future REACTIONS TO BUDGET 2013 By KENNETH LIM [SINGAPORE] The progressive tax measures unveiled in this year’s Budget will raise duties on those who own a lot rather than those949 words
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706 2013-02-28 4 MALMINDERJIT SINGH - By MALMINDERJIT SINGH [SINGAPORE] Preschool operators are hopeful that the new Early Childhood Development Agency will bring about some uniformity and standardisation to the industry although there are fears that it may adopt a tough approach towards players. The new preschool regulatory706 words
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566 2013-02-28 4 MALMINDERJIT SINGH - By MALMINDERJIT SINGH [SINGAPORE] Hotels here are bracing themselves for the challenges of the tightening squeeze on foreign manpower supply. Still, hotels that BT spoke to said they were not surprised at the new round of measures in the Budget to566 words
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Article, Illustration934 2013-02-28 4 GRACE LEONG - By GRACE LEONG [SINGAPORE] The Republic’s first casino debt collection case that made its way to trial took off yesterday, with the High Court making a pointed remark why didn’t the defence request earlier crucial surveillance video footage thatPHOTO: LIANHE ZAOBAO - 934 words
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Advertisement202 2013-02-28 2 Approach S3 Asia The first Garmin touch golf watch! This stylish and lightweight GPS wristwatch brings with it not only a sleek and simple hands-free solution, but also exciting new features golfers can use from the tee box all the way to the green. Approach S3 expands upon the distance202 words
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Advertisement56 2013-02-28 2 (to) budgeltour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... /Company Incentive Trips Off-site Meetings /Special Interest Tours /Tradeshows /Educational Tours /Pilgrimage Tours /Church Retreats /Local Sightseeing /Coach Charter Tours J r seing Tours Sr TA2283 J Tel: 6737 1811 Email: sales©budget-tours.com.sg56 words
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Advertisement31 2013-02-28 3 BANK OF THE YEAR IFR AWARDS 2012 r'TZ'fjC success t j CORPORATE INVESTMENT BANKING WEALTH MANAGEMENT ASSET MANAGEMENT SECURITIES SERVICES INSURANCE BNP PARIBAS I The bank for a changing world bnpparibas.com.sg31 words
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Advertisement207 2013-02-28 4 GOLDMINES a IN INDUSTRIAL SPACE! What’s the next BIG thing after cooling measures? Howto identify the right investment? How to avoid pitfalls? How to Identify common misrepresentation? {When is the right time? SEMINAR DETAILS Date: 2 Mar 2013, Saturday Time: 2.00pm to 5.00pm Venue: National University of Singapore Society (NUSS)207 words
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Advertisement78 2013-02-28 5 Forbes Travel Guide 2013 Five Star Award Winner Travel Leisure World’s Best Awards 2012 Top 5 Resorts in Asia Travel Leisure World’s Best Awards 2012 Top 5 Spas in Asia South East Asia Property Awards 2012 Best Hotel Architectural Design The Robb Report 100 Resorts 2012 Top 100 Resorts in78 words
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COMPANY NEWS
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Article948 2013-02-28 6 SIOW LI SEN - Core banking business did well in amazing 2012 By SIOW LI SEN THE three local banks have had an amazing 2012, with net profits jumping 40 per cent to $10.6 billion from $7.6 billion helped by one-off gains. But excluding one-offs, core banking business still performed948 words
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Article, Illustration618 2013-02-28 6 NISHA RAMCHANDANI - Non-interest income growth drives earnings to $696m By NISHA RAMCHANDANI UNITED Overseas Bank’s (UOB) net profit for the fourth quarter ended Dec 31, 2012, exceeded expectations, rising 25 per cent year-on-year to $696 million, boosted by strong non-interest income growth. A BloombergPHOTO: BLOOMBERG - 618 words
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376 2013-02-28 6 ANDREA SOH - By ANDREA SOH DESPITE an increase in revenue, earnings for Indofood Agri Resources (IndoAgri) in 2012 declined 30 per cent as lower crude palm oil prices and biological gains as well as poorer gross margin hit the palm oil group’s376 words
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243 2013-02-28 6 ANGELA TENG - By ANGELA TENG PETRA Foods Ltd sank to a US$16.7 million (S$20.7 million) net loss for the fiscal fourth quarter ended Dec 31, 2012, from a US$18.42 million net profit a year earlier, dragged down by losses of discontinued operations. Revenue for the243 words
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Article, Illustration377 2013-02-28 9 R SIVANITHY - Stock the day’s most active; only the second time a stock traded over 1b units B)’ R SIVANITHY CATALIST-LISTED investment holding company Equation Corp’s shares yesterday traded a whopping 1.1 billion units and gained 35 per cent or 0.6 cents to close atSource: Bloomberg - 377 words
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Article, Illustration487 2013-02-28 9 LYNN KAN - By LYNN KAN INDEPENDENT financial advisers to the takeover of STX OSV have called Fincantieri Oil and Gas’s offer of $1.22 per share “not attractive” and recommended that the independent directors reject the deal. And STX OSV’s independent directors have backed theSource: Bloomberg - 487 words
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320 2013-02-28 9 KENNETH LIM - By KENNETH LIM THAI Beverage Public Co’s 2012 earnings more than doubled as the brewer of Chang beer enjoyed a boost from Singapore conglomerate Fraser and Neave (F&N). Net profit attributable to shareholders jumped 137 per cent to 28.5 billion baht (S$ 1.18320 words
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354 2013-02-28 9 ANDREA SOH - By ANDREA SOH SHARES of China Fishery Group fell a further 8 per cent, or 5 cents, to 58 cents yesterday as the market digested news of its ambitious takeover bid of a firm bigger than itself and a proposed rights issue.354 words
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794 2013-02-28 10 ONG CHOR HAO - Mix of projects being developed or already operating in Xi’an, Shanghai and Foshan Reports by ONG CHOR HAO THERE are five properties worth up to a potential $3 billion that the trust manager of Maple tree Greater China Commercial Trust (MGCCT) can potentially look794 words
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179 2013-02-28 10 LEE MEIXIAN - By LEE MEIXIAN INSTANT beverage maker Super Group’s fourth-quar-ter net profit slipped 9 per cent to $21.2 million, from $23.3 million a year earlier. This was due to the absence of a one-off gain of $10.1 million from relocating its packaging plant in179 words
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Article503 2013-02-28 10 Full year and Q4 results ended Dec 2012 Full year ended Dec 2012 NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG Q4 ended Dec 2012 NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG UOB 2803.00 2327.00 20.5 6495.00 5699.00 14.0 696.00503 words
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383 2013-02-28 10 Mapletree also upbeat on prospects of China, HK assets THE capital market being “flush with liquidity” is what spurred Mapletree Investments (MIPL) to list Mapletree Greater China Commercial Trust (MGCCT) at this time, its group chief investment officer has said. Chua Tiow Chye, who is383 words
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548 2013-02-28 10 CAI HAOXIANG - By CAI HAOXIANG FORTERRA Trust, formerly Treasury China Trust, posted a stable 2012 net property income of $58.8 million, up 1.3 per cent from 2011. No distribution was declared. The China property owner said it will focus on developing its flagship asset The HQ548 words
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COMPANY BRIEFS
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62 2013-02-28 10 KEPPEL FELS, a unit of Keppel Offshore Marine, has secured three contracts from repeat customers worth a combined US$300 million. The contracts are for: the construction of a KFELS B class jackup rig from Star Drilling; the upgrading of the semisubmersible ENSCO 5006 for Ensco62 words
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108 2013-02-28 10 ROAST duck chain Dian Xiao Er is appealing against the court’s decision on its legal wrangle with Soup Restaurant Group over sub-leased space at VivoCity. Last year, Soup’s wholly owned subsidiary, Soup Restaurant (Causeway Point), started legal proceedings against its sub-tenant YES F&B108 words
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Article70 2013-02-28 10 CWT Limited’s net profit for the fiscal year ended Dec 31, 2012, soared 89 per cent year on year to $107.92 million from $57.15 million. Turnover more than doubled to $5.4 billion from $2.58 billion a year ago. A final cash dividend of three70 words
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88 2013-02-28 10 SWIBER Holdings’ net profit for the full year ended Dec 31, 2012, rose 42.4 per cent to US$45.7 million, on the back of a 45.5 per cent increase in revenue to US$952.2 million from a year ago. In a separate announcement, Swiber said it had88 words
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72 2013-02-28 10 MEWAH International has posted a 28.6 per cent fall in net profit to US$9.04 million, from US$12.67 million a year earlier, for the fourth quarter ended Dec 31, 2012. Revenue fell 24.3 per cent to US$767.82 million from US$1.01 billion previously. Net profit72 words
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90 2013-02-28 10 YING Li Intl Real Estate posted a 3.7 per cent year-on-year increase in net profit to 323.01 million yuan (S$64 million) for the fourth quarter ended 2012. Revenue for the period fell 67.7 per cent to 158.79 million yuan, from 491.0590 words
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Advertisement81 2013-02-28 6 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Industrial Government Land Sales: Land Parcels at Tuas Bay Close a®? Submission of Tender Tender Launch Date Tender Closing Date Venue Developer’s Packet Website 28 February 2013 11 April 2013, 11:00am Tender Box 5 Available at $107.00 (inclusive of GST) at Information81 words
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Advertisement249 2013-02-28 6 RICKMERS MARITIME Registration Number: *****03 (Constituted under the laws of Singapore) Managed by Rickmers Trust Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Rickmers Maritime will be closed at 5.00 p.m. on 14 March 2013249 words
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Advertisement287 2013-02-28 6 IN THE MATTER OF THE COMPANIES ACT, CAP 50, AND IN THE MATTER OF LAUW DEVELOPMENT PTE LTD (UEN: *****5034K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of the above-named Company duly convened and held at 5 Thomson Lane #40-02 Sky@Eleven Singapore *****4 on 28287 words
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Advertisement1205 2013-02-28 7 MAPLETREE GREATER CHINA COMMERCIAL TRUST (a real estate investment trust constituted on 14 February 2013 under the laws of the Republic of Singapore) Managed by Mapletree Greater China Commercial Trust Management Ltd. mapleuree greater china commercial Gateway Plaza, Beijing 9 /i j i i i i. Festival Walk, Hong Kong1,205 words
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SINGAPORE MARKETS
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Article, Illustration568 2013-02-28 8 R SIVANITHY - The Straits Times Index, benefiting from an overnight bounce on Wall Street, rebounds after sliding on Tuesday STOCKS R SIVANITHY Senior Correspondent MONDAY’S column spoke of the party in penny stocks continuing this week and so it was the case yesterday, when turnoverSource: Bloomberg - 568 words
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Article73 2013-02-28 8 Feb 27 VALUE CLOSE BT OB/OS -111.00 -202.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 -11.00 FTSE ST Mid Cap 811.99 -0.18 FTSE ST Small Cap 571.81 -0.12 FTSE ST All Share 804.60 +1.27 FTSE ST China Top 224.88 -0.86 FTSE ST China 256.48 -0.39 FTSE73 words
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Article186 2013-02-28 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 57 65 39 17 4 5 74 69 44 Commerce 29 25 15 8 5 1 37 30 16 Tpt/Stor/Comms 14 15 14186 words
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Article121 2013-02-28 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 118,493 118,493 88,389 88,389 Manufacturing 2,207,833 3,591,722 5,799,555 317,146 96,382 413,527 Commerce 1,483,077 645,954 2,129,031 151,185 79,147 230,333 Tpt/Stor/Comms 172,734 15,218 187,952 182,135 5,287 187,423 Finance 58,331 430 58,761 113,368 205 113,573 Construction 630,603 385,236121 words
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Article, Illustration932 2013-02-28 8 KENNETH LIM - Compiled by KENNETH LIM Far East Orchard Feb 27 close: S$2.17 MAYBANK KIM ENG RESEARCH, Feb 27 FAR East Orchard (FEOR) delivers a good set of FY12 results. FY12 revenue and core PATMI (profit after tax and minority interests) beat street estimates of S$111 million and S$60.2 millionSource: Bloomberg - 932 words
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Article110 2013-02-28 8 Stock name Close Change CapMallsAsia 2.060 +0.020 CapitaLand 3.860 CapitaMall 2.140 +0.010 CityDev 11.13 -0.020 ComfortDelGro 1.900 DBS Grp 15.10 -0.070 F&N 9.440 GLP 2.560 -0.010 Genting SP 1.535 -0.015 Golden Agri 0.635 +0.005 HK Land 7.680 +0.020 IHH Healthcare 1.345 JMH 64.13 -0.060 JSH 38.22110 words
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Article, Illustration516 2013-02-28 8 CURRENCIES Reuters [LONDON] The euro pared gains against the dollar yesterday to trade near a seven-week low after Italian borrowing costs rose at the country’s first debt auction since an inconclusive election. Italian 10-year debt costs climbed more than half a percentage pointReuters; PHOTO: BLOOMBERG - 516 words
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Article53 2013-02-28 8 VOLUME Equation 1,112,147,000 CarrierNet 745,311,000 Contel 736,879,000 Magnus 447,228,000 IPCO Intl 412,711,000 YHM 384,604,000 NexGenSCom 382,449,000 Annica 366,616,000 Compact 334,559,000 KLW Hldgs 331,225,000 VALUE($) GLP 102,937,580 Contel 78,511,510 SingTel 77,258,680 Rowsley 62,475,805 WE Hldgs 60,010,961 Keppel Corp 46,734,590 Golden Agri 38,579,220 GSH Corp 38,278,904 Magnus 35,419,593 DBS53 words
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Article109 2013-02-28 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 139.2 0.6 GLD 10US$ ***** 138.7 0.7 DBXT MSUSA 10US$ 3678 133.8 3.0 JSH 3822 113.9 2.5 UOB 5.05%NCPS 100 ***** 64.0 0.6 DBXT FTVietnam 10US$ 2457 45.8 1.5 Jardine C&C 5116 36.0 0.7 STXPO 100 580 30.0 5.5 B109 words
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Article122 2013-02-28 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -68.1 -0.5 UOB.ES.1303 1928 -30.0 -1.5 DBXT MSBrazil 10US$ 551 -23.5 -3.3 DBS Bk 4.7% NCPS 100 ***** -19.0 -0.2 SembMar.ES.1302 445 -19.0 -4.1 CIMBAsean40 100US$ 1112 -17.3 -1.2 DBXT FTChina25 10US$ 2884 -17.3 -0.5 CIMBASEAN40 100S$D 1384 -11.0 -0.8 DBXT122 words
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Advertisement4 2013-02-28 9 Take your position. saxomarkets.com.sg/fx4 words
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Advertisement62 2013-02-28 10 PRADA BURBERRY COACH o A/ ilt Balenciaga Salvatore Ferragamo Fendi Celine Miu Min Givenchy Bottega Veneta Christian Dior Gucci Michael Kors Chloe Kate Spade Tod's Proenza Schouler YSL and more... SALE 7 O Singapore Marriott Hotel Legacy Belimbing Rooms, Level 2 1 March (FRI) 11am 4pm OR Shop online with62 words
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Advertisement162 2013-02-28 10 -jMARINER OF THE SEAS Asia’s Largest Cruise Ship Coming to Singapore in June 2013 C /< partV f 4 Package»~fHSBC Exclusive) T. Tjj en10r s Spe c j tip to USD20Q on b oard Credit*^. 3V4N BEST OF MALAYSIA CRUISE Mariner of the Seas Departure: 01 04 Jun 2013 Port-of-call:162 words
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Advertisement136 2013-02-28 11 THE GREEN COLLECTION GOLF VILLAS BY ELEVATION ONE OF THE WORLD’S FINEST ADDRESSES IS NOW AVAILABLE FOR LEASE WHERE THE SENSE OF SPACE, PRIVACY AND PRIVILEGE KNOWS NO BOUNDS The Green Collection is the only residential development in Singapore situated on the fringes of an international championship golf course. An136 words
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SINGAPORE NEWS
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416 2013-02-28 12 MA XIANGYU - Poll shows lower corp tax elsewhere not influencing them to relocate By MA XIANGYU BUSINESSES are generally satisfied with the current tax rates in Singapore and are loath to move to another country for lower corporate tax rates, findings from the Grant416 words
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683 2013-02-28 12 MA XIANGYU - But use of collection services as a credit management tool not prevalent yet By MA XIANGYU YET another multinational corporation setting up a base in Asia does not often make for an exciting or interesting story, but Atradius Collections’ case does,683 words
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200 2013-02-28 12 A 15,184 square foot good class bungalow (GCB) plot in District 11, put up on the market by marketing agent Savills Singapore, has gone under the hammer for $22.9 million. This translates to about $1,508 per square foot (psf) of land area.200 words
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Article, Illustration367 2013-02-28 12 LIM JIA YING - However, operating profit decreases by 1 to US$332m By LIM JIA YING INSURANCE heavyweight AIA Singapore has reported a solid financial performance for the year ended Nov 30, 2012. From 2011 to 2012, there was a 38 per cent increase in value of367 words
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Article, Illustration859 2013-02-28 12 ANTHONY ROWLEY - Its new terminal is seen boosting import capacity far beyond domestic consumption By ANTHONY ROWLEY in Tokyo SINGAPORE holds the best initial prospects for development as a regional liquefied natural gas (LNG) hub, according to a report compiled by the International859 words
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Advertisement41 2013-02-28 12 II mNI 4bdrin +°f 0 S 0 T f CONSERVED! i!f2S!iN^ e d P001 bTmS? Wnns. wardrobes. P/furn^^ PSSZZlT**' PROPERTIES THE EAST Check this and many other properties in CATS Classified in The Straits Times now! MATS BUY IT-SELL IT-FIND IT41 words
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MALAYSIA/INDONESIA
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Article, Illustration451 2013-02-28 13 S JAYASANKARAN - M&A route could help it grow earnings, says Hwang-DBS By in S JAYASANKARAN in Kuala Lumpur A RESEARCH house has called on state-owned plantation firm Felda Global Ventures Holdings (FGV) to use its huge cash hoard to grow earnings by acquisitions. ThePHOTO: BLOOMBERG - 451 words
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Article334 2013-02-28 13 Bloomberg [KUALA LUMPUR] Sime Darby, the world’s biggest listed palm-oil producer, reported a 36 per cent drop in second-quarter profit as prices of the commodity slid last year. Net income dropped to RM708.5 million (S$283 million), or 11.79 sen a share, in the threeBloomberg - 334 words
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508 2013-02-28 13 PAULINE NG - AirAsia surges by nearly a 10th; Dutch Lady Milk rises 4% By PAULINE NG in Kuala Lumpur IN Malaysia’s cautious equities market, generous fullyear dividend declarations are proving a real temptation. Take budget carrier AirAsia, for example. Its shares surged by nearly a tenth508 words
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271 2013-02-28 13 Reuters [JAKARTA] Food import quotas in Indonesia encourage bribes and price spikes and must be replaced with import tariffs, a panel of government advisers has urged, in a measure that could smooth the way for overseas investors to satisfy rising demand. South-east Asia’s largestReuters - 271 words
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Advertisement539 2013-02-28 13 The Leading Global Finance Master Degree Program for working professionals /V*. s i 1 ?Oo TV*V. m m ,SI“; Master of Science in Global Finance Aground-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 the539 words
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GREATER CHINA/INDIA
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Article, Illustration726 2013-02-28 14 Report says deficit would be 5.3% of GDP but growth seen at sluggish 5% Reuters [NEW DELHI] India is likely to hit a fiscal deficit target of 5.3 per cent of GDP this year despite significant shortfall in revenue, a governmentReuters; PHOTO: REUTERS - 726 words
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350 2013-02-28 14 Bloomberg [MUMBAI] India’s stock market regulator said yesterday that it is probing a crash in shares of some small and medium-sized companies that has erased as much as 76 per cent of their value this week. Core Education Technologies Ltd, a supplierBloomberg - 350 words
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Article, Illustration385 2013-02-28 14 Reuters [GENEVA] The World Trade Organisation has backed the European Union’s challenge to Chinese duties on X-ray scanners and Brussels demanded they be removed immediately, saying it would not accept tit-for-tat trade retaliation from Beijing. China imposed duties on the securityReuters; PHOTO: REUTERS - 385 words
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299 2013-02-28 14 Bloomberg [HONG KONG] Hong Kong Exchanges Clearing, the world’s largest exchange operator by market value, said yesterday that fullyear profit plunged 20 per cent, the first drop in three years, as turnover and listings fell amid concerns of an economic slowdownBloomberg - 299 words
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214 2013-02-28 14 Bloomberg [BEIJING] China plans to allow Hong Kong, Macau and Taiwan passport holders living on the mainland to invest in domestic Chinese shares, the China Securities Journal reported. The China Securities Regulatory Commission (CSRC) has authorised the nation’s securities depository to change its rulesBloomberg - 214 words
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Advertisement1316 2013-02-28 14 WATS NOTICES < < < CHINA FISHERY GROUP LIMITED CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) (the "Company”) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EGM of the Company will be held at Ballroom 1, Lobby Level, Mandarin Oriental Singapore, 5 Raffles Ave, Marina1,316 words
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ECONOMY WATCH
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Article, Illustration782 2013-02-28 15 His testimony helps ease worries of reversal of support for economy Reu ters [WASHINGTON] Federal Reserve Chairman Ben Bernanke strongly defended the US central bank’s monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond purchases.Reuters; PHOTO: BLOOMBERG - 782 words
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374 2013-02-28 15 Reu ters [SYDNEY] Australian construction spending was flat in the last quarter as engineering work came off record highs, though a pick-up in home and commercial building could be a sign that lower interest rates are starting to feed through. Yesterday’s figures from the AustralianReuters - 374 words
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389 2013-02-28 15 Factory output stabilising, corporate sentiment improving Reuters [TOKYO] Japan’s government raised its assessment of the economy in February for the second consecutive month, saying factory output has bottomed out and corporate sentiment is improving due to the falling yen and rising share prices. TheReuters - 389 words
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Advertisement156 2013-02-28 15 relax V^Clli win i i >v«.. I Wherever you find yourself, that unmistakable Pacific touch always exerts a calming influence. It’s the perfect answer to a busy day. As you gaze over the city, the warmth of the sunset reminds you of home. The Pacific’s like that. Amidst the vibrant156 words
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Advertisement320 2013-02-28 16 Amazing Gifts When You Subscribe To THE STRAITS TIMES TmMaful. THE STRAITS TIMES The big push for more babies BABY BOOSTERS ft. 9 *-L__ I PRINT IPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF A Panasonic Micro Audio SC-HC27 IW Srttjfisk FULLY320 words
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WORLD
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Article, Illustration888 2013-02-28 17 US spending cuts promise to bite consumers, business activity quickly WP [WASHINGTON] The US economy won’t collapse when the automatic spending cuts start hitting after tomorrow’s deadline. A few economists even say the sequester and its indiscriminate whack at the budget could eventuallyWP; PHOTO: REUTERS - 888 words
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672 2013-02-28 17 AFP [WASHINGTON] With the US days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths. The world’s largest economy faces US$85 billion in cuts virtuallyAFP - 672 words
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Article, Illustration573 2013-02-28 18 Fast network a boon for consumers but they’re unwilling to pay enough: telcos Reu ters [BARCELONA] South Koreans telecom executives have a message for European cousins who have long looked on in envy at the highly connected Asian market: Be careful what youReuters; PHOTO: BLOOMBERG - 573 words
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471 2013-02-28 18 AFP [BARCELONA] As smartphone giants Apple and Samsung battle for the wallets of tech-savvy youngsters, a growing number of manufacturers is trying to lure a fast-growing new market: their grandparents. Handset makers at the world’s biggest mobile fair here showed off a slew of newAFP - 471 words
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448 2013-02-28 18 Total cash bonuses expected to rise about 8% this year NYT [NEW YORK] Wall Street may be shrinking cutting thousands of jobs over the last year but for those who remain, the pay is still very lucrative. The average cash bonus forNYT - 448 words
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173 2013-02-28 18 AFP [OTTAWA] Canadian universities and colleges welcomed a record 100,000 foreign students in 2012, the government said on Tuesday, part of a plan to replace retiring baby boomers in the workforce. “Attracting and retaining the best and brightest immigrants from around the worldAFP - 173 words
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776 2013-02-28 19 Centre-left bloc wins lower house but fails to control Senate Reuters [ROME] Italy’s stunned political parties searched for a way forward on Tuesday after an inconclusive election gave none of them a parliamentary majority and threatened prolonged instability and a renewal ofReuters - 776 words
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280 2013-02-28 19 Reu ters [BANGKOK] Thailand, South-east Asia’s secondlargest economy, should soon be taken off a list of countries that do not meet international standards in the fight against money laundering, a Thai official said yesterday. The Financial Action Task Force (FATF), an internationalReuters - 280 words
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Article, Illustration655 2013-02-28 19 City’s vibrant culture makes up for harsh weather language Reuters [BERLIN] They find the language difficult and the locals as chilly as the weather but for young Spaniards Berlin has become a popular spot to sit out the economic crisis at home. TheReuters; PHOTO: REUTERS - 655 words
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Article, Illustration669 2013-02-28 20 Bookings for non-transportation equipment in January up 1.9% LATEST US DATA Bloomberg [WASHINGTON] Orders for US durable goods excluding transportation gear climbed in January by the most in a year, indicating business investment is holding up. Bookings for equipment meant toBloomberg; PHOTO: AFP - 669 words
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553 2013-02-28 20 WP [NEW YORK] JPMorgan Chase Co, the biggest US bank, will eliminate as many as 19,000 jobs in mortgages and community banking through 2014 as chief executive officer Jamie Dimon trims expenses. The lender, employing about 259,000 people at the endWP - 553 words
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Page 17 Advertisements
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Advertisement317 2013-02-28 17 Top Winners for Total Defence Awards 2012 We go the extra mile for Total Defence (201 2 Minister for Defence Award Winners) A G Industrial Gas Trading Pte Ltd Advantech Co. Singapore Pte Ltd Cargill International Trading Pte Ltd Civil Aviation Authority of Singapore Sing and San Construction Pte Ltd317 words
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Advertisement1126 2013-02-28 18 >®! WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF LINGUA TECH (S) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Notice is hereby given that the creditors of the above Company which is being wound up voluntarily, are1,126 words
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Advertisement330 2013-02-28 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAN GIM HUAT CONTRACTORS (PTE) LTD. (In Members’ Voluntary Liquidation) Company registration no. *****0992D At an Extraordinary General Meeting of the Company duly convened and held at 61 Club Street Singapore *****6 on 22 February 2013330 words
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Page 19 Advertisements
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Advertisement87 2013-02-28 19 •i SI m r.i; \i r11 i i.-V/i na r ~*t frVV V- >*■ ~S, Ht -r?- k2S« ,mt£vNOW M L JL 4 MgC MAKCmiO 5 ■i I? IMi! W f\V fttb- r v£ PROOF LIVING ’V; v I., «Wfe 4 2 ijJ&S&A PROOF LIVING ION ORCHARD 03-15 2 ORCHARD87 words
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Page 20 Advertisements
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Advertisement188 2013-02-28 20 www.stjobs.sg 600,000 jobseekers Kl r Hire Mr Right. Jnl M ate> Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 STJOBS No.1 Download our Apps: Hire your ideal employee through STJobs. You can't go wrong when the system is so right: Effective coverage Reach out to188 words
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Page 21 Advertisements
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Advertisement448 2013-02-28 21 SINGAPORE BUSINESS GURUS 2013 A Black Box Group Publishing THE FIRST CHAIR SINGAPORE BUSINESS GURUS™ 2013 Introducing the Prime edition of our Series of Singapore Business Gurus collection of Books. Volume 1The First Chair takes readers behind the scenes of 30 entrepreneurs from 30 different industries in Singapore from retail448 words
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EDITORIAL & OPINION
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459 2013-02-28 22 EDITORIAL SINCE it opened up politically and economically in 2010, Myanmar has caught the imagination of global business, as a new frontier to sow the seeds of capitalism and potentially another China in the making. While very different in many ways, Myanmar and China459 words
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Article, Illustration843 2013-02-28 22 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent IF you’ve seen a lot of action movies, you’re probably familiar with the way the directors enjoy “teasing” us in some of the final scenes. Our hero finally confronts the villain in a dark alley,843 words
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Article, Illustration1060 2013-02-28 22 ANTHONY ROWLEY - Move seen as threat to civil liberties and freedom of speech, and denial of human rights ANTHONY ROWLEY Tokyo Correspondent IS THERE something vaguely disquieting lurking beneath the soigne exterior of Japanese Prime Minister Shinzo Abe? Something that has been lost in thePHOTO: BLOOMBERG - 1,060 words
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Article, Illustration1188 2013-02-28 23 DOUGLAS WEBBER - Continuing economic growth will generate growing demands for free political expression and liberal-democratic reforms By DOUGLAS WEBBER The writer is professor of political science at INSEAD UNLESS media coverage of Chinese politics is profoundly misinformed, the Chinese Communist Party (CCP) leaders are nervous about whetherPHOTO: AFP - 1,188 words
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Article, Illustration915 2013-02-28 23 ADRIAN BALL - By ADRIAN BALL The writer is head of tax at Ernst Young Solutions LLP “THE lady’s not for turning,” said Margaret Thatcher, then British prime minister, in her speech to the Conservative Party Conference on Oct 10, 1980. Mrs Thatcher’s firm refusal to perform aPHOTO: AFP - 915 words
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AVIATION/SHIPPING
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Article, Illustration789 2013-02-28 24 Nok Air, Bangkok Air, AirAsia units may hold IPOs: Maybank Kim Eng Bloomberg [SINGAPORE] South-east Asian budget airlines may raise a combined US$750 million from initial public offerings (IPOs) this year, Malayan Banking’s investment bank said, as no-frills companies take on full-ser-vice carriersBloomberg - 789 words
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Article239 2013-02-28 24 SGX '000 Feb 27 S$ +/-Vol CH Offshore 0.49 unch 234 Chuan Hup Hldg 0.29 unch 180 Cosco Corp 0.94 unch 1490 s$ Ezra Hldgs 1.13 unch 3591 First Ship Lea 0.13 unch 1138 Freight Links 0.08 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd K1Ventures239 words
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Article, Illustration572 2013-02-28 24 AFP [NEW YORK] Flamboyant Australian tycoon Clive Palmer has unveiled his plan for building a perfect replica of the Titanic plus a lot of extra lifeboats. More than a century after the original, supposedly unsinkable ocean liner hit an iceberg and went down inAFP; PHOTO: AFP - 572 words
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291 2013-02-28 24 Reuters [FORT LAUDERDALE] The US Federal Aviation Administration (FAA) on Tuesday signed off a 40-year lease of Puerto Rico’s Luis Munoz Marin International Airport to Aerostar Airport Holdings LLC (AAH), making it the first large US airport to be placed inReuters - 291 words
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469 2013-02-28 24 Bloomberg [LONDON] The largest oil tankers will remain unprofitable for at least two more years as the fleet overwhelms slowing demand for crude imports, according to Morgan Stanley. Average earnings for very large crude carriers (VLCCs) will be no higher than US$35,000Bloomberg - 469 words
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301 2013-02-28 24 Reuters [SEATTLE] The Federal Aviation Administration (FAA) said it is not close to approving test flights of Boeing’s 787 Dreamliner with a proposed fix for the plane’s troubled batteries, denying news reports that such tests could start as early as nextReuters - 301 words
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Page 24 Advertisements
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Advertisement39 2013-02-28 24 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY INDIAN SHOPPING GOES UPMARKET New stores sprout in fashionable areas of Singapore o O n Tharman’s budget for ‘quality growth 5 GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST39 words
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Page 24 Miscellaneous
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Miscellaneous312 2013-02-28 24 CRYPTIC CROSSWORD Across 5 Make-up enabling mum to cover a blemish (7) 7 One being imprisoned deteriorates result is protests (5) 9 Expulsion that may bring a blessing (6) 10 Behind very small ruler spy a tramp (8) 11 A crude mop’s possibly the answer to water in the house312 words
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Article1454 2013-02-28 25 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,454 words
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Page 25 Advertisements
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Advertisement66 2013-02-28 25 Shipping lines! Canthey seeking reliable! find your logistics partners! h^tthe I Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES 1 nc uujiiicjj iiivilj Shipping Times PLACE YOUR AD HERE the business times Shippiin call joe wor> IG AT 9620 1327 FREIGHT FORWARDER urgently needed by66 words
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SINGAPORE STOCKS
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Article3298 2013-02-28 26 Transaction date: Feb 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 Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller --AAT C'vr Net 164 106 AIMSAMPIReit M Cap3,298 words
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Article179 2013-02-28 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 2.1 +0.1 ***** 2.4 2 2.1 2.2 31.3 Last Quote Div Gr Yld Net M Cap High179 words
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Article10682 2013-02-28 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.42/ Aberdeen Asset Mgt Asia Limited 1.14/ Asian Local Ccy SD Bond EM Local Ccy Bond Asian Smaller Cos'** Global Emerging Markets!** EM local Ccy Bond 1.0069/ European Opportunities 1 1 1215/ Global Emerging Markets!"10,682 words
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Article262 2013-02-28 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 $mil 50 25.5 AVJennings A39 unch 22 40 39 39 40 3.6 9 3.1 101.6 45.5 30 Genting HK US$ US45 +1 9003 45 44 44.5 45 2963262 words
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Article915 2013-02-28 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 $mil 126 107.1 ABF SG Bond ETF 117.9 -0.8 2 117.9 117.9 117.8 118.8 538.2 135.9 120.4 CIMB APAC Div 100S$D 135.8 132.7 133.6 111.7 95.8 CIMB915 words
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FINANCE & COMMODITIES
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Article635 2013-02-28 28 Feb 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.56 *****.62 *****.97 Mar13 *****.00 *****.00 *****.00 *****.00 *****3 *****1 Jun13 *****.00 *****.00 *****.00 *****.00 759 ***** MSCI TAIWAN INDEX FUTURES SPOT 283.15 284.89 282.68 Mar13 284.10 284.60 282.50 283.60 ***** *****6 Apr13 283.60635 words
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373 2013-02-28 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 26 Index Change Change Change Change Change Change World Preliminary 982.6 -0.8 4.7 -0.7 4.6 -0.8 3.1 EAFE Preliminary 819.2 -1.7 5.8 -1.5 3.8 -1.6 2.3 Europe Preliminary 1190.8 -1.9 3.8373 words
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Article470 2013-02-28 28 Feb 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.048 6.366 0.781 7.930 54.925 98.959 0.938 11.095 3.168 1.238 100.298 41.621 1.267 9.021 0.952 30.324 30.494 0.677 1.022 Canada 0.954 6.073470 words
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Article69 2013-02-28 28 Feb 27 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP69 words
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Article135 2013-02-28 28 Feb 27 GOLD(US$/oz) Feb 26 Feb 27 Hong Kong 1605.70 1618.50 Feb 25 Feb 26 London 1587.80 1607.39 1588.68 1608.61 Source: Thomson Reuters CAST BAR Feb 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 64 5gm 408 320 10gm 730 640135 words
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Article90 2013-02-28 28 Feb 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 30-May-13 0.24 6-Month BS*****S 22-Aug-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.15 5-Year N*****0Z 2.375 01-Apr-17 108.1790 words
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Article57 2013-02-28 28 Feb 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2371.0 2387.0 2400.0 2370.0 687 4804 Apr 13 2396.0 2403.0 2430.0 2387.0 3241 ***** May 13 2408.0 2419.0 2443.0 2395.0 ***** ***** Jun 13 2425.0 2430.057 words
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Article154 2013-02-28 28 Feb 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2657 1.2674 1.0220 1.0225 Canadian dollar 1.2076 1.2092 0.9755 0.9750 Euro 1.6211 1.6226 1.3089 1.3091 NZ dollar 1.0226 1.0241 0.8257 0.8262 Sterling pound 1.8694 1.8713 1.5094 1.5097154 words
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Article107 2013-02-28 28 Feb 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1447.75 1451.25 1459.00 1436.25 May 13 1461.75 1435.25 1442.50 1420.50 Jul 13 1418.50 1422.00 1430.00 1405.50 Aug 13 1377.75 1381.50 1386.50 1368.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 49.02107 words
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Article79 2013-02-28 28 Feb 26 COCOA (£/tonne) Close Prev High/Low Mar 13 1416 1434 1436/1411 May 13 1427 1443 1444/1422 Jul 13 1438 1452 1453/1433 Sep 13 1447 1461 1461/1441 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2040 2035 2046/2022 May 13 2086 2079 2093/2065 Jul 13 2098 2088 2104/2076 Sep 13 210879 words
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1043 2013-02-28 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 711 4.63 15 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 3 1 25 17 Asiatravel.com HoldingsW*****5 3.3 1 27 41 BakerTech W*****5 16.7 -0.1 4426 1 271,043 words
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Article70 2013-02-28 28 CRUDE OIL PRODUCTS Feb 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.18 -1.64 WTI (Near Mth) 92.55 -0.49 Dubai (1-Mth F) 108.8 -1.92 Tapis blend 119.19 -1.53 Minas 115.69 -1.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 110.11 unch Jet Kerosene 130.49 -1.94 US$/barrel OpecOil Basket70 words
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Article22 2013-02-28 28 Feb 27 S$ Bid Offer 1-month 1.2385 1.2396 2-months 1.2385 1.2396 3-months 1.2385 1.2396 6-months 1.2384 1.2395 Source: OCBC22 words
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Article65 2013-02-28 28 Feb 26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1978.00 1993.25 3 months 2023.00 2037.00 Copper, Grade A(US$/tonne) Cash 7832.50 7811.50 3 months 7858.50 7836.00 Lead(US$/tonne) Cash 2290.00 2287.00 3 months 2297.00 2294.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-02-28 28 As at 9am Feb 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.296 1.235 Can dollar 1.235 1.177 Euro 1.655 1.577 Sterling pound 1.909 1.836 NZ dollar 1.056 0.997 US dollar 1.263 1.203 Local dollars to 100 units of foreign121 words
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Article157 2013-02-28 28 Feb 27 $S Offer Bid 0vernight 0.07 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12157 words
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PROPERTY
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Article, Illustration403 2013-02-28 29 It’s starting work on two malls as part of its A$200m a year redevelopment plan Bloomberg [SYDNEY] Westfield Retail Trust, Australia’s secondbiggest property trust by market value, will take out loans to fund A$1.2 billion (S$1.5 billion) of redevelopments as it paysBloomberg; PHOTO: BLOOMBERG - 403 words
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362 2013-02-28 29 Bloomberg [ZURICH] Holcim Ltd, the world’s largest cement-maker, yesterday reported a bigger-than-estimated loss in the fourth quarter on restructuring charges and said it had become less optimistic about European markets. The loss narrowed to 161 million Swiss francs (S$214 million) from a 438Bloomberg - 362 words
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Article499 2013-02-28 29 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN JAN 30 AND FEB 5, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 31/01/2013 99 549 950 1730 Spottiswoode Suites Apt 31/01/2013 FH 581499 words
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Article, Illustration371 2013-02-28 29 Reuters [TOKYO] The asset management arm of Iowa-based Principal Financial Group Inc wants to acquire fund firms focusing on Asian and European real estate to expand its property portfolio beyond the US, the head of the asset arm said. Principal Global Investors (PGI)Reuters; PHOTO: BLOOMBERG - 371 words
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Article, Illustration1383 2013-02-28 30 Even though loan volume is up, it is nowhere near 2007 levels, when the industry made US$348b in jumbo loans. By LINDA STERN Reuters [WASHINGTON] ome sales and prices are rising briskly in those neighbourhoods where the well-heeled like to plant their mailboxes: alongReuters; PHOTOS: BLOOMBERG - 1,383 words
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Article, Illustration925 2013-02-28 31 reportsARIF SHARIF - Dubai Holding’s £500m of notes due in 2017 hand investors 4.2% this year, reports ARIF SHARIF reportsARIF reportsARIF SHARIF Bloomberg [DUBAI] ONDHOLDERS of Dubai Holding Commercial Operations Group LLC, which runs the sail-shaped Burj Al Arab hotel, have made at least twice theBloomberg; PHOTO: REUTERS - 925 words
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Article, Illustration259 2013-02-28 31 Bloomberg [ABU DHABI] The head of the central bank in the United Arab Emirates (UAE) said that new restrictions on mortgages may be changed after protests by the nation’s lenders. The central bank issued rules on Dec 30 that restricted mortgages for expatriatesBloomberg; PHOTO: BLOOMBERG - 259 words
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Article, Illustration663 2013-02-28 32 ONG CHOR HAO - Tenants were told in Nov 2011 that no extensions beyond Dec 31, 2013: SLA By ONG CHOR HAO THE leases for three notable childcare centres along Halifax Road are expiring at the end of this year, putting the heat on them to findFILE PHOTO - 663 words
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Article, Illustration545 2013-02-28 32 NATHANIEL CHEW - By NATHANIEL CHEW PRIVATE residence purchases rose in 2012 primarily due to increased demand from public-housing dwellers, according to the latest studies by DTZ Research and R’ST Research, with data from the Urban Redevelopment Authority. According to R’ST Research, 17,590 of the 36,887 privateFILE PHOTO - 545 words
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Article, Illustration1149 2013-02-28 32 reportsJULIE SATOW - George Comfort is renovating a half-empty waterfront development in a bid to revive it into an office complex, reports JULIE SATOW reportsJULIE reportsJULIE SATOW NYT [NEW YORK] THE New York-based firm George Comfort Sons, perhaps best known as the landlord of the Worldwide PlazaNYT; PHOTO: BLOOMBERG - 1,149 words
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239 2013-02-28 32 TEO SI JIA - By TEO SI JIA A 13,394 sq ft freehold space at 158 Yio Chu Kang Road has been put up for sale via an expression of interest exercise. The land can be used for transport facilities and parking of vehicles.239 words
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Page 29 Advertisements
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Advertisement31 2013-02-28 29 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings ESATSltfl NOTICES CLA/FEBII/g IBB China Hong Kong Singapore Taiwan Thailand Vietnam Agency no. Lsoogesss31 words
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Page 30 Advertisements
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Advertisement163 2013-02-28 30 The Peak Pepys 5500sqft. 4+1 bdrms. Private patio Facing sea and Kent Ridge Park. Elevated and well sited unit Selling vacant possession Rarely available Price: $8.8m KCNg *****001 Citiprop Property Mgt P/L CEA Reg No. R*****4B License No. L*****16G KnightFrank.com.sg Single-Storey B2 Factory (For Sale) Detached B2 Factory (For Sale)163 words
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Advertisement253 2013-02-28 30 Prime Retail Space within an Integrated Commercial Development located within Mines Wellness City Oranp CEA Licence No.C__y For Sale by Expression Of Interest 6 levels of retail space with 458 allocated car parking lots. GFA: Retail approx. 321,148 sqft/ car park approx. 212,790 sqft Excellent frontage and visibility Catchment of253 words
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Page 31 Advertisements
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Advertisement214 2013-02-28 31 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units214 words
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Advertisement116 2013-02-28 31 (HH) LaSalle For Sale By Tender Level 17 Samsung Hub Real value in a changing world m Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E www.joneslanglasalle.com.sg REALSTAR THE LEADING BUNGALOW SPECIALIST Winner, Singapore Prestige Brand 2009 7^ A quaint and charming home situated on a sprawling *****116 words
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Advertisement350 2013-02-28 31 m RESORTS Cash Ang Pow worth $68,888* Guaranteed 5% return for the first two years Exclusive yacht transfers from Singapore to Nongsa worth $2,888* Vendor financing available for Purchasers No ABSD No restriction on foreign ownership rs. .si rs) -si Mi Enjoy a new beginning and find wealth, prosperity and350 words
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Property 2013
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Article, Illustration411 2013-02-28 1 ESPITE the latest property cooling measures announced in January, Singaporeans’ affinity for property is not expected to end any time soon. On top of the long-rooted Asian desire for real estate, what has been fuelling the appetite for property over the past few years is the unprecedented411 words
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Article, Illustration1135 2013-02-28 2 HAN HUAN MEI - How did the Singapore residential market, in particular the mass market sector, fare in 2012 and what can we expect in 2013? How will the latest round of cooling measures affect volume and pricing, and is property still an attractive investment for Singaporeans?HAN HUANSource: URA, CBRE Research - 1,135 words
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Article, Illustration1176 2013-02-28 2 LI JINQUAN, LEE LAY KENG - By LI JINQUAN, LEE LAY KENG Li Jinquan is research analyst and Lee Lay Keng is head of Singapore research, DTZ RENTAL growth of private non-landed residential properties continued to moderate in 2012, rising by only 2.4 per cent afterSource: URA, DTZ Research - 1,176 words
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Article, Illustration1718 2013-02-28 4 ALAN CHEONG, CHRISTINE SUN - Penthouses today are getting smaller and more affordable. That said, the prices of large, luxury penthouses in the prime districts may well continue to surge. ByALAN CHEONGandCHRISTINE SUN ByALAN ALAN CHEONG, CHRISTINE SUN Alan Cheong is senior director of research consultancy;1,718 words
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Article, Illustration1372 2013-02-28 6 MARY SAI, ALICE TAN, LE THI DAN THUY - Good Class Bungalows and landed properties in prime locations are out of reach for most home buyers, but suburban landed homes provide affordable alternatives with good investment potential. ByMARY SAI, ByMARY MARY SAI, ALICE TAN, LE THI DAN THUY Mary Sai is executive director, investment sales; Alice1,372 words
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Article, Illustration1657 2013-02-28 8 KU SWEE YONG - YONGhighlights that freehold properties, especially if they’re landed, will become even rarer KU SWEE YONG The writer is the CEO of real estate agency International Property Advisor Pte Ltd and the author of two bestsellers: ‘Building Your Real Estate Riches’ and ‘Real Estate Riches’PHOTOS: ARTHUR LEE - 1,657 words
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Article2693 2013-02-28 10 LEE SZE TECK - The capital appreciation potential for this hybrid housing form will continue to draw buyers, says lee sze teck LEE SZE TECK The writer is senior manager, training, research and consultancy at DWG THE Executive Condominium (EC) market has come a long way since its introduction2,693 words
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Article, Illustration1839 2013-02-28 12 EUGENE LIM, URAINA POH - New measures were introduced in January to moderate COVs and resale prices. The Parenthood Provisional Housing Scheme will also help stabilise rentals in the open market. ByEUGENE LIMandURAINA POH ByEUGENE EUGENE LIM, URAINA POH Eugene Lim is key executive officer, andSource: HDB, ERA Research; Source: SRX, ERA Research - 1,839 words
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Article, Illustration815 2013-02-28 14 / 15 DISTRICT PROJECT TENURE LOCATION DEVELOPER TOTAL A 01 V on Shenton 99 Shenton Way United Industrial Corporation 510 B 02 SkySuites@Anson 99 Enggor Street Allgreen Properties 360 C 02 Spottiswoode Suites FH Spottiswoode Park Road Spottiswoode Development 183 D 04 Skyline Residences FH Telok Blangah Road Bukit Sembawang815 words
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Article, Illustration2672 2013-02-28 16 ELAINE CHOW - Transactions of small office, shop, and industrial units shone but more muted growth for shoebox apartments, reportsELAINE ELAINE CHOW The writer is associate director (research) at HSR Property Consultants 2012 was the year when we saw a buying frenzy for small strata unitsFILE PHOTO - 2,672 words
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Article1606 2013-02-28 17 PATRICIA HUNG - HUNGhas some timely advice for borrowers PATRICIA HUNG The writer is co-founder ofwww.HousingLoanSG.com, a mortgage consultancy in Singapore BUYING a property in Singapore could well be considered the most “expensive” of purchases in the lifetime of most Singaporeans, especially with today’s high property prices. Whether the property1,606 words
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Article, Illustration1168 2013-02-28 18 DENNIS YEO - It makes sense to formulate a framework that will better identify and specify allowable uses for the various land zones, says dennis yeo DENNIS YEO The writer is managing director of Colliers International Singapore THE strata-titled industrial sales market registered aPHOTO: YEN MENG JIIN; Source: Realis, URA/ Colliers International Singapore Research - 1,168 words
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Article, Illustration1090 2013-02-28 22 writesTOBY DODD - Migration to the suburbs, Activity Based Working and a more competitive leasing environment are shaping the island’s office landscape, writesTOBY DODD writesTOBY writesTOBY DODD The writer is Singapore country manager at Cushman Wakefield SINGAPORE remains competitive in the region against other major AsianSource: Cushman & Wakefield; Source: Cushman & Wakefield Research - 1,090 words
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Article, Illustration1315 2013-02-28 23 sayHEIDI YONG, ALICE TAN&DEBBIE LAM - More proactive efforts can still be made to elevate the status of the iconic shopping street, sayHEIDI YONG, ALICE TAN&DEBBIE LAM sayHEIDI YONG, ALICE TAN&DEBBIE LAM Heidi Yong is director head, retail agency; Alice Tan is senior manager, consultancy research; and Debbie Lam is seniorSource: Knight Frank Research - 1,315 words
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Article, Illustration1059 2013-02-28 24 NEIL BEHRMANN - Buyers need to be exceedingly selective, warn real estate consultants.NEIL BEHRMANNreports NEIL BEHRMANN LONDON is set to experience a marked increase in new residential buildings in the next few years and the big question is whether the sharp increase in supply will place aPHOTOS: BLOOMBERG; Source: John D Wood & Co - 1,059 words
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Article, Illustration1026 2013-02-28 24 PAULINE NG - By PAULINE NG EXPECT a new style to residential living in Kuala Lumpur in the coming years, given the number of branded residences in the property construction pipeline. St Regis, Four Seasons, Ritz-Carlton, Banyan Tree, Harrods all international brand names, well-known and trusted1,026 words
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Article, Illustration2647 2013-02-28 26 Three key developers look at the challenges ahead and how they can tap the opportunities presented by the market THE Business Times gathered three established Singapore property developers for a discussion on the key challenges they are facing as they navigate through uncharted waters created2,647 words
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Article, Illustration1075 2013-02-28 27 KARAMJIT SINGH - But there will be opportunities for sites with the right attributes, saysKARAMJIT KARAMJIT SINGH The writer is regional director and head of investments residential at Jones Lang LaSalle IT HAS been more than three years since the residential property market recovered afterSource: Jones Lang LaSalle - 1,075 words
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Advertisement142 2013-02-28 9 1 s V w f > it X 1 W; r ,y s'* r -> M Wi\ i 1 fl A /rur/i /s An/trra //u?s£ tie?£f z/uz/'/s/l. We at United Industrial Corporation Limited and Singapore Land Limited build homes with a clear emphasis on excellent form and function that are142 words
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Advertisement524 2013-02-28 11 Top-sellingresidence in January 2013* ABSD Discount Available! www.LaFiesta.com.sg Artist’s Impression Perfectly positioned as the best-selling home in January*. Located in the heart of Sengkang, La Fiesta has all the luxuries of a modern home as well as choice amenities at the doorstep. Here, everything’s linked to happiness. It’s well connected.524 words
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Advertisement149 2013-02-28 12 anstorming space into our orivate haven is our eassio I 1 I 1 0 P s*. j'r'v At Unimax Creative, we design your home with a holistic approach, Be it planning your living spaces or infusing them with details, we make your needs, style and personality our priority, This home149 words
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Advertisement27 2013-02-28 13 350,000 Singapore 300,000 of GDP 250,000 Culmulative Mil) 200,000 (S$ 150,000 (123,399.8) (208,763.7) (334,092.7) 100,000 50,000 0 (2,982.2) (13,722.3) (40,622.1) 1975 1985 1995 2005 2011 1965 Year27 words
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Advertisement793 2013-02-28 17 ADVERTISING FEATURE SBg! 's i pf tV* k X Mg fSHHHB V N V. nw^ lx V "i X S XPSS I l! it a» 2 r—r 1!’ II I I n* ss m ItlPnJ I? il2 r: "ilEjiil If H bill! S'! mt. n K A A V A793 words
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Advertisement176 2013-02-28 18 A AZ PAYALEBAR i Good Location Matters AZ Raya Lebar offers an unmatched location that adds a competitive edge to your business. The planned MacPherson AART interchange for Circle and Downtown Lines, just across the road, delivers convenience, while easy access to major expressways ensures excellent connectivity to all parts176 words
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Advertisement7 2013-02-28 19 Business Times, Thursday, February 28, 2013 197 words
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Advertisement816 2013-02-28 20 / 21 Eastern Oriental B E R H A D Eastern Oriental Berhad is a Malaysia-listed premier luxury lifestyle property development group that is enriched by the heritage of its namesake, the legendary Eastern Oriental Hotel in Penang. The Group’s extensive and reputable property development interests is built across a series of816 words
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Advertisement494 2013-02-28 22 J A L A N K I A P E N G, KU ALA LUMPUR CITY CENTRE VI NTAG E LUXURY A TIMELESS SENSATION IN THE HEART OF KUALA LUMPUR a d v e r t o r i a l REFINED STYLE The 253-suite RuMa Hotel, displaying URC’s signature494 words
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Advertisement212 2013-02-28 27 Having the of living near a future MRT line allows your property to command a higher price. STProperty. The most comprehensive property portal that lets you find a home near future MRT lines, this present day. Imagine this. You are eyeing a property and you have valuable information that it212 words
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