The Business Times, 20 February 2007

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Total Pages: 24
1 24 The Business Times
  • 20 1 The Business Times SINGAPORE 85 cents online at http://business-times.asial.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 202/12/2006 Tuesday, February 20,2007
    20 words
  • 926 1  -  Price increases reminiscent of early '93 when stock market began its run-up, reaching a peak a year later By TEH HOOI LING [SINGAPORE] The stock market has been kind to investors so far this year, with advances for every four out of
    926 words
  • 623 1  -  High-flyers want the S'pore Girl icon to be just tweaked By MATTHEW PHAN [SINGAPORE] Good-look-ing, impeccably groomed, warm and friendly, even imbued with a mystical Asian essence and they want to get rid of her? Senior executives said Singapore Airlines should ditch
    623 words
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  • TOP STORIES
    • 464 2 Bangkok looking at how to buy back Shin Satellite THAILAND is looking at buying back its Shin Satellite company from Singapore investment company Temasek Holdings, Information Communications Technology Minister Sitthichai Pookaiyaudom said yesterday. "Getting them back, that is definitely what we want to do. But the question is
      464 words
    • 800 3  -  By PAULINE NG in Kuala Lumpur DESPITE an impressive 25 per cent rise in the Malaysian stock market since last November, retail investors have shown little interest in joining in. Exchange data indicates only 10-15 per cent of the more than 2 million
      AP  -  800 words
    • 645 3 Uncertainty over Shin Corp's fate prompts investors to sell down stock, which sinks 7% By OUR CORRESPONDENT in Bangkok THAILAND is looking at buying back its Shin Satellite company from Singapore investment company Temasek Holdings, Information Communications Technology Minister Sitthichai Pookaiyaudom
      645 words
    • 356 2  -  It says good progress made on extradition treaty, defence cooperation agreement By UMA SHANKARI [SINGAPORE] Singapore is disappointed by an Indonesian newspaper report that quoted an Indonesian government official as saying that the country's ban on the export of concreting sand is a "key
      356 words
    • 615 2  -  Strong public pressure to share recent windfall in investment income By JANE MOIR in Hong Kong HONG KONG is expected to follow Singapore's example with a corporate tax cut in the upcoming budget, although the two cities' motives for doing so may
      BLOOMBERG  -  615 words
    • 112 2 MARKETS Monday Change KLCOMP dosed NIKKEI 225 17.940.09 -64.44 HANG SENS dosed r SET INDEX ***** -2.63 JAKARTA COMP 1,799.293 >4.930 MANILA COMP 3,329.03 -4.53 SEOUL COMP dosed SHENZHEN B dosed MUMBAIINO 14,402.90 447.35 12 noon EOT Change DOW dosed NASDAQ dosed PRIME RATES SINGAPORE 5.33 MALAYSIA 6.74
      112 words
  • Page 2 Advertisements
    • 162 2 people Corporate matchmakers. Www thepeopleatwork com Asm Pacific Executive Search To Celebrate With M A corporate gift, o company dinner or just casual drinking. Le Vigne offers a large UjjjHHHB selection of wines for each occasion. by 40 Holland Grove Rd. Tel: *****053 Diners Club Card row*c«/764i6 0980 A World
      162 words
    • 30 2 BT ONLINE Access to BT Online is free after 6pm each day. But print subscribers can access our online news anytime. Call 6388-3838 to subscribe and activate your online account.
      30 words

  • Page 3 Advertisements
    • 540 3 Create impact at work! iMfl Hear from internationally renowned speakers. Participate in ST7ol's exclusive half-day seminar and hear from three I renowned international speakers. Don't miss this opportunity to gain I valuable and practical lessons on ways to succeed at work! Register now! 1 March 2007 (Thursday) 9am 12.30pm SPH
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    • 139 3 oi&Ci Securities presents ttSiS i INVESTOR CONFERENCE* sth5 th and 6 th March 2007, Singapore Scripting the India Growth Story Come face to face with the men who are authoring this amazing tale. Get incisive, insightful analysis from more than 40 leading corporates, including Bharat Forge, Bharti Airtel, ICICI Bank,
      139 words

  • VIEWS FROM THE TOP
    • 3709 4 THIS WEEK'S TOPIC Does the Singapore Girl need a makeover? What would you like to see changed? Fong Loo Fern Managing Director, CYC The Custom Shop IF IT AIN'T BROKE. DON'T FIX IT AS YOU know, CYC designs and conceptualises corporate attire for many
      3,709 words


  • COMPANY NEWS
    • 1402 6 Consensus No.of Forecast Mean Fri's recommendation esti- EPS PC target price Company name This wk Lastmth mates (cents) (ratio) price Allco Commercial REIT 1.33 1.33 6 5.06 24.50 1.50 1.18 Allgreen Properties 2.22 2.11 9 5.27 31.48 1.39 1.67 Ascendas REIT 3.00 2.50 13 11.98 21.20 2.51 "2.53
      1,402 words
    • 804 6  -  CEO INTERVIEW Group plans to capture slices of growing markets as economies expand, writes MATTHEW PHAN MATTHEW PHAN FRESH from reporting strong FY2006 results, Singapore Technologies Engineering (ST Engg) is gunning to expand in the Middle East and India two places where it
      FILE PHOTO  -  804 words
    • 522 6  -  HOCK LOCK SIEW By VEN SREENIVASAN LAST week, local brokerage Westcomb issued a brief research report on offshore oil and gas industry service provider Swiber Holdings. Citing the fact that Swiber had just landed a U*****.6 million project from Brunei Shell Petroleum Company, Westcomb put
      522 words
    • 504 6  -  STOCKS R SIVANITHY Senior Correspondent ON the plus side, the economic news is good. The government has raised growth forecasts, companies are reporting record earnings and the market is awash with liquidity. On the minus side, prices ran up sharply ahead of
      504 words

  • SME spotlight
    • 789 7  -  Two women handle the finances at Asia Enterprises in a largely male preserve, writes JANICE HENG JANICE HENG ASIA Enterprises shows that the steel industry is not the sole preserve of men. Although steel distributor Asia Enterprises is part of a traditionally male-dominated industry,
      ARTHUR LEE  -  789 words
    • 734 7 It sells customers not just a laptop but a whole digital lifestyle. JANICE HENG reports LAPTOP retailer MC.2 does not want to sell you just a laptop; it wants to sell you a digital lifestyle experience. In practice, this means that MC.2's salespeople ask customers about
      YEN MENG JIIN  -  734 words
    • 886 7 Nyil b ktta f*y Nf—m fx Mi Pay tflj #nt dt— 4ni ten) dtot dm 4iti A£M-fweftedi y IX 30A> MM) '6M* UnMrTadi y OJS 064* 0Mb 214* A*co Cornm REIT M MS 144* 214* 2Mb tangdaw I IjCTA 264* Ot-Ma OMa raw* fim I 100 IMA 164*
      886 words
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  • ECONOMY WATCH
    • 812 8  -  Oil production has risen in tandem with demand By NEIL BEHRMANN in London OIL supplies should satisfy growing world demand well into the century, says energy consultant Duncan Clarke. In his new book The Battle For Barrels (Profile Books), he contends that
      REUTERS  -  812 words
    • 586 8  -  Yen already moving up, dollar down, in anticipation of rise in interest rates By ANTHONY ROWLEY in Tokyo THE Bank of Japan's (BOJ) policy board today begins what is likely to be its most closely watched two-day meeting ever to decide whether
      586 words
    • 372 8 Reuters [CHICAGO] The risk of high inflation is still greater than the risks of lower US growth, and as a result, more interest rate increases could be needed, Chicago Federal Reserve president Michael Moskow has said. "I see the economy with
      Reuters  -  372 words
    • 372 8 Reuters [BRASILIA] Brazil's government has reduced its 2007 economic growth forecast in this year's budget to 4.5 per cent from 4.75 per cent, the planning and budget minister said last Thursday. The government will freeze 16.4 billion reais (Ssl2 billion) in
      Reuters  -  372 words
  • Page 8 Advertisements

  • MALAYSIA/INDONESIA
    • 324 9 AP [KUALA LUMPUR] Foreign labourers in Malaysia's largest city yesterday denounced proposed legislation that would restrict them to their work sites unless they receive special permission to leave. Home Minister Radzi Sheikh Ahmad said that he intends to propose a bill next month
      AP  -  324 words
    • 576 9  -  KLCI rises 4.38% in 2 weeks prior to New Year against 0.2% in 2006 By PAULINE NG in Kuala Lumpur MALAYSIAN equities have posted some of their best pre-Chinese New Year (CNY) gains since the Asian financial crisis, aided by strong fourth-quarter earnings.
      576 words
    • 704 9 Delay as floods have pushed up food prices Bloomberg [JAKARTA] Indonesia's central bank will probably wait until the second quarter to cut its benchmark interest rate because floods pushed up food prices. "For this quarter, the reduction is pretty limited," deputy
      Bloomberg  -  704 words
    • 432 9 Bloomberg [JAKARTA] Bank Indonesia may switch the benchmark used as a reference to the overnight rate instead of one-month bill sales to better direct borrowing costs and manage inflation, deputy governor Hartadi Sarwono said. The central bank wants to wait for the government
      Bloomberg  -  432 words
    • 12 9 AFP (Kuala Lumpur)
      AFP  -  12 words
    • 296 9 AFP [KUALA LUMPUR] Malaysia's Prime Minister Abdullah Ahmad Badawi on Sunday rejected speculation that he could use the country's positive economic outlook to call a snap general election, a report said. Analysts have said that booming share prices and regular reports in local media
      AFP  -  296 words
    • 261 9 AP [PUTRAJAYA] Malaysian authorities have begun raiding computer retail outlets offeringpirated software amid concerns that illegal copies of Microsoft Corp's newest operating system, Windows Vista, are already on sale. The strategy marks a shift from crackdowns over the past year that mainly targeted
      AP  -  261 words
  • Page 9 Advertisements

  • GREATER CHINA/INDIA
    • 234 10 Beijingers celebrate Year of the Pig with hopes for prosperity, health, peace Reuters [BEIJING] Bright, deafening explosions and thick smoke covered China's capital at midnight, as Beijingers celebrated the beginning of the New Year and the end of a fireworks ban in exuberant fashion.
      Reuters; AFP  -  234 words
    • 154 10 Lowering of trade and investment barriers essential Reuters [WASHINGTON] Key emerging economies like India and China bear special responsibility to lower trade and investment barriers to help global expansion, a senior US Treasury Department official said last Friday. "Much of the
      Reuters  -  154 words
    • 487 10  -  generally, women workers earn less than their male counterparts By JANE MOIR in Hong Kong FEMALE millionaires in Hong Kong now outstrip their male counterparts, according to a new study but things are not looking as rosy for women workers generally
      487 words
    • 311 10 ANALYSIS Reuters [SHANGHAI/HONG KONG] The latest setback on China's rocky road to issuing third-generation wireless permits is not all it seems rather than pushing back the launch, Beijing is giving local players such as ZTE Corp a headstart and kickstarting a network roll-out.
      Reuters  -  311 words
    • 646 10 AP [NEW YORK] The empirical evidence of India's enormous economic expansion in recent years in particular the sharp run-up in stocks there has proven an irresistible draw to some mutual fund investors. But those chasing the siren song should be aware that,
      AP; Source: Bloomberg  -  646 words
    • 311 10 Reuters [ISLAMABAD] Pakistan's foreign minister yesterday said he was going ahead with a trip to India today as planned, despite "horrendous" bomb blasts on a train in India that killed at least 66 people, most of them Pakistanis. Foreign Minister Khursheed
      Reuters  -  311 words

  • MIDDLE EAST
    • 534 11 QATAR'S BIG MOVES Airbus 'under pressure' and shares may be undervalued: QIA Bloomberg [PARIS] Qatar's US$4O billion investment fund may buy as much as 10 per cent of European Aeronautic Defence Space Co (EADS), Europe's largest aerospace company, to diversify the emirate's
      Bloomberg  -  534 words
    • 46 11 [DUBAI] Daniela Hantuchova of Slovakia holds an Arabian horse in Dubai on Sunday, a day before the start of the Dubai Open. Hantuchova willjoin the likes of Justine Henin and Martina Hingis vying to win the title in the US$1.5 million tournament. AFP
      AFP  -  46 words
    • 456 11  -  By CLARENCE MICHAEL in Dubai THE Gulf Investment Corporation (GIC) a financial institution owned equally by all six Gulf Arab states more than doubled its profit to US$6OO million last year from U*****.8 million in 2005. The 120 per cent increase in net profit
      456 words
    • 113 11 Reuters [DUBAI] Governors of Gulf Arab central banks will meet in April to discuss plans for monetary union and other issues, an official at the United Arab Emirates central bank said on Sunday. The meeting to be held on April 3 and 4
      Reuters  -  113 words
    • 339 11 NYT [RAMALLAH] US Secretary of State Condoleezza Rice struggled to hold together her ambitious plan to restart Middle East peace talks, even as arguments continued over a new Palestinian unity government in a signal that the Bush administration's renewed peace push might have arrived at
      NYT  -  339 words
    • 258 11 Shares of UK's No 3 supermarket climb on bid battle hopes Bloomberg [DUBAI] Qatar's stateowned investment fund is seeking a "strategic" stake in J Sainsbury pic and is studying how much of the UK's third-largest supermarket company to buy, the chief executive of the
      Bloomberg  -  258 words
    • 308 11 Bloomberg [ABU DHABI] Abu Dhabi Commercial Bank (ADCB), the United Arab Emirates' (UAE) third-biggest lender by assets, plans to borrow at least US$2 billion this year to help finance loans and acquire assets in the Middle East and India. "We are in the market for
      Bloomberg  -  308 words
  • Page 11 Advertisements
    • 77 11 SINGAPORE HandwaneZone cornmufmu wtMMBSSm, www.hardwarezone.com® handy Mobile-Phone Price Guide is all you need. With a click of your mouse, even details like Operator Contracts and Phone Plans will be at your fingertips. So log in now for the best Mobile-Phone Prices! I nd -No SGDI2BB.OO 40x480 MP10) 01-Jan-2007 nstot Q
      77 words

  • FOCUS: SHIFTING GEARS
    • 1480 12  -  After years of M&As and tie-ups, they now feel it may be better to focus on single company with fewer distractions from partners By MICHELINE MAYNARD NYT EVERY decade provides a new lesson for the American car industry. In the 1980s, car makers underestimated their
      NYT; BLOOMBERG  -  1,480 words
    • 1258 12  -  By MARTIN FACKLER NYT IT DOES not occupy much space on the office wall, but Latondra Newton calls it the hardest thing for Toyota's new American employees to accept: those coloured bar charts against a white bulletin board, in plain view for all to see.
      NYT; BLOOMBERG  -  1,258 words

  • ASIA-PACIFIC/WORLD
    • 431 13 Reuters [BANGKOK] Thailand will likely override international patents on more drugs, including those for cancer and heart disease, if pharmaceutical giants do not significantly cut their prices, the country's health minister says. "We have thought about this for more than five years. It's long
      Reuters  -  431 words
    • 480 13  -  Defensive moves reported as new rules make foreign takeovers easier By ANTHONY ROWLEY in Tokyo CORPORATE Japan is beginning to bolster its defences against foreign takeovers as legal changes loom that will make it easier for foreigners to finance acquisitions by using
      REUTERS  -  480 words
    • 123 13 Bloomberg [BANGKOK] The wife of Thailand's deposed prime minister Thaksin Shinawatra has sought permission to transfer cash overseas to buy a house, the central bank said. "The central bank has authority to approve the deal," Bank of Thailand Governor Tarisa Watanagase told reporters
      Bloomberg  -  123 words
    • 472 13 He will sever ties with Grameen Bank later this month NYT AFP [NEW DELHI] The only version of democracy known to Bangladesh has been a small, crowded, violenceprone contest between its two begums or ladies as they are also known who lead
      NYT; AFP  -  472 words
    • 572 13 Reuters [NUREMBERG] Anne Faika's company operates 14 markets a week selling organic food in the German city of Hamburg, after starting in 1990 with one market. She is in the frontline of a global industry which achieved sales of about US$39 billion
      Reuters  -  572 words
    • 127 13 Reuters [LONDON] The world's biggest casino operator Harrah's Entertainment would like to run Britain's first Las Vegas-style casino in Manchester, but is wary of the "winner's curse", a company source said last Friday. Last month, Manchester was the surprise winner of a competition
      Reuters  -  127 words

  • World
    • 381 14 AFP [BRUSSELS] EU regulators, who have vowed to clamp down on illegal cartels, are poised to slap a record bil-lion-euro fine on Europe's four biggest lift makers for fixing prices, sources said on Friday. ThyssenKrupp of Germany, Otis of the United
      AFP; REUTERS  -  381 words
    • 939 14  -  WALL STREET INSIGHT Investors and analysts, cheered by Fed chairman Bernanke's comments last week, believe the bull market is healthy despite the long run-up By ANDREW MARKS in New York AT the end of another week of big gains for the longrunning bull market, Wall
      AFP  -  939 words
    • 449 14 It has just 972 while Bank of America has 5,747 Reuters [NEW YORK] The United States is in the middle of a retail banking war, but Citigroup, one of the biggest US banks, has fallen behind. Take the corner of 23rd Street and
      Reuters  -  449 words
    • 179 14 Reuters [LONDON] Premier League champions Chelsea recorded a pre-tax loss of £80.2 million (*****.3 million) in the 2005/06 financial year, the club announced yesterday. The loss is a cut of 60 million on the previous year and lower than the £87.8 million Chelsea
      Reuters  -  179 words
    • 344 14 AFP [WASHINGTON] Sleeping on the job goes against hundreds of years of American capitalism, but businesses here are flirting with "power naps" 20 to 30-minute siestas that many Europeans enjoy. Not surprisingly, other businesses see the power nap as an opportunity
      AFP  -  344 words
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  • AVIATION/SHIPPING
    • 473 15 Airbus may axe up to 12 ,000 jobs Papers say three factories could be shut under plan to save 5b euros AFP [PARIS] Troubled European plane manufacturer Airbus could cut up to 12,000 jobs in a long-awaited restructuring plan, the French business press said. Speculation about the so-called "Power 8"
      AFP; AP  -  473 words
    • 214 15 AIG agrees to make US$50m in capital expenditures in Port Newark LAT-WP [NEW YORK] A tentative deal has been reached between the Port Authority of New York-New Jersey and a Dubai company that has briefly run some US port terminals, clearing the way
      LAT-WP  -  214 words
    • 214 15 AFP [SYDNEY] Australia's national airline said yesterday it had sacked an air hostess for having mile-high sex with Hollywood heartthrob Ralph Fiennes in a business-class toilet. The move came a day after her lurid confession of the love session with the
      AFP  -  214 words
    • 212 15 Reuters [NEW DELHI] India started work on Saturday on a project that will enable New Delhi airport to handle 37 million passengers a year by 2010, more than double its current capacity, aviation officials said. The 85 billion rupee (Ss3 billion) revamp
      Reuters  -  212 words
    • PORT SHOTS
    • 755 15 city mh ha man «n> IkaalU SOS 30 1930 ""win Umm j£8 BandMM MZ900 0915 0950 Bpi I 3H —*m m\ to as T mh, CaSu MI5M 1910 sarmi OwiiaJM OTg W GUM 07JB Chiang M»i Vffi gty Chk A 1S pi ||i |jp§|l |j mm
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  • Page 15 Miscellaneous
    • 170 15 CRYPTIC CROSSWORD portico (7) (5) YESTERDAY'S SOLUTION DOWN 7 Unusually large one, first of Across: 1 Gallant, 5 Resorts, 9 1 Allow for certain possibility to 311, in the country (7) Modicum, 10 Ala mode, 11 Retro, be put in the story (4,4,7) 8 Virtually unbelievable (3, 4, 2, 12
      170 words

  • EDITORIAL & OPINION
    • 1024 16  -  There is a possibility the North Korean model of a nuclear deal may be applied to Iran LEON HADAR Washington Correspondent DURING his State of the Union Address on Jan 29,2002, US President George Bush named Iraq, North Korea and
      AFP  -  1,024 words
    • 598 16 EDITORIAL ONE important fact that has been obscured in the publicity surrounding the agreement by North Korea last week to close a nuclear facility in return for fuel oil and humanitarian aid is that the quid pro quo for Pyongyang goes well
      598 words
    • 410 16  -  THE BOTTOM LINE ANDY MUKHERJEE Bloomberg BY 2012, India may have 14 times as much space dedicated to modern-format retail as it had in 2002, provided the supply of land rises quickly enough to match demand. More than one million new jobs can
      Bloomberg  -  410 words
    • 972 17  -  Jakarta's irrational and childish knee-jerk reactions often do more harm than good By ENDY M BAYUNI INDONESIA must cease letting knee-jerk reactions interfere in its foreign policy. They are irrational and childish, they often do more harm than good, they
      FILE PHOTO  -  972 words
    • 26 17  -  By BRYAN K MIGNONE Los Angeles Times-Washington Post News Service The unveiling of the latest scienfic report
      Los Angeles Times-Washington Post News Service  -  26 words
    • 1154 17  -  By ERIC PFANNER IHT AFTER catching up on the latest news flashes on the death of Anna Nicole Smith, visitors to www.vg.no, the online version of the biggest-selling tabloid newspaper in Norway, can get their minds back to business by scrolling down
      IHT  -  1,154 words


  • FOCUS: INDIAN TELEVISION
    • 2510 18  -  India's US$3.4b small-screen business is set to get bigger as deregulation and new technology produce an explosion of new offerings, writes VIKAS BAJAJ VIKAS BAJAJ NYT [MUMBAI] GHANSHYAM Shah, an 82-year-old widower, spends up to eight hours a day in front of his television
      NYT; AP; BLOOMBERG  -  2,510 words

  • 9652 19 STRAITS TIMES INDEX STOCKS SM M M Onm Oa|i Stack mmmm Wt Om mm Wl Omt Cha^ 0S3 1S70 -0.020 ISM 1.99 <3700 -0.100 STtngg 1.52 3320 0040 teondaacit 093 2 530 H*cSneC*C 0.73 14.000 0300 ST*T5Q>P t» <MI CapiteCoeiwn 0.62 2.920 <0.010 JurongTech 0.06 1-230 -0.020 SembCorpInd
    9,652 words

  • 6571 20 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES to lkH art m s$ to USS X dy r> X X yr X rfy Xyr 1 Indu Q»Ow>9« Chfiy Oungt Chang* WWdlndBiPwflmtoarv 1141.7 -02 3l7 -OS 33-0.2 3.5 I EAFEPwtnMnaw 1159J -Pi *.7-03 4.0 -0.2 43 Eire* Pufcnmav 1557.0 -0.1 43 -OK
    6,571 words

  • Page 21 Advertisements
    • 819 21 UK CONTINENT SERVICE U.3.A SERVICE Destination Destination MARITIME PEACE RDM/ATW/BMN/TLB/NAN MARY H CAM/NFK/NOL/SAV Loodi Singapore, E./W. Makiysio. Indonesia Uk*. E./W. lndon«io MIDDLE EAST SERVICE F.EJB.E.A. SERVICE Destination PAN VOYAGER JDH/DMT/BJA Destination J SAFE DBI/ABU/DOH/BRN/DMM/KWT STX PO TBN INC/BSN DO MASTER DBI/ABU/DOH/BRN/DMM/KWT Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia
      819 words
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      558 words
    • 440 21 vXiv WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com VKSE VOT RAMP HBGWT iM IK MAO SAV Ml ORF TAMPA AE7O7 4201 m 6.4* 21/0] 23/03 01/04 OS/04 10/04 01/04 TAAAGO U7M 3201 m* 6.4 M 09/03 31/03 09/04 13/04 17/03 15/04 TAMCTLANI AF7II 3201 m 6.4 M 07/04 011/05 10/05 14/05 11/05
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  • Page 22 Advertisements
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  • The business Times Shipping Times
    • 4866 23 ETA ETA Arfvarfear Vessel Voyage Telephone SIN Deffn Name Name Number Number m$mm mm To ABU DHABI (AUH) 2004 U. A. Emirates 27/02 13/03 SCI SCIDIYA 707W *****355 To ADELAIDE (ADL) 2007 Australia 04/03 23/03 China Shpg KAMAKURA 036S *****896 04/03 23/03 PTDjakatta KAMAKURA
      4,866 words

  • PROPERTY
    • 446 24 They pay 4b yuan for multi-purpose development in Sanlitun, Beijing [BEIJING] Swire Properties has teamed up with Hong Kong property fund Gateway Capital to buy a multipurpose project in Beijing's Sanlitun district the capital's diplomatic quarter and entertainment area for more than four
      446 words
    • 506 24 AP [NEW YORK] Since the new year began, a burst of activ-' ity has broken out in Manhattan and several Brooklyn neighbourhoods as New Yorkers frenetically hunt for co-ops, condominiums and town houses, sending prices higher despite sluggish sales in many other cities.
      AP  -  506 words
    • 489 24  -  Economists expect shops to pass cost to consumers By JANE MOIR in Hong Kong HONG Kong retailers face rent increases of almost 24 per cent, with economists expecting the rise to trickle through to consumer prices if the trend
      HKTB  -  489 words
    • 411 24 Reuters [WELLINGTON] The advertisement reads simply enough: "For sale: penthouse, prime waterfront location." The price tag tells a more extravagant and increasingly common story. At NZ$lO million (5510.7 million), this Auckland luxury flat is pricey by any standards. But proper-ty-mad New Zealand is getting
      Reuters  -  411 words
    • 11 24 Bloomberg (London)
      Bloomberg  -  11 words
    • 453 24 Confidence in the housing market has declined over the past three months, Propertyfinder.com's latest index shows Reuters [LONDON] INTEREST rate hikes are starting to bite, consumer sentiment has dwindled and there are the first signs of a downturn: are the good times over for
      Reuters  -  453 words