The Business Times, 2 March 2010

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, March 2,2010
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  • 782 1  -  Deal will give it more than 20m customers and make it Asia’s largest foreign insurer By GENEVIEVE CUA [SINGAPORE] Prudential yesterday said it will acquire the American International Group’s life insurance business in Asia for US$35.5 billion, a deal that signals loudly its
    PHOTOS: BLOOMBERG, AFP  -  782 words
  • 691 1  -  But they may accept tweaks on commission rates, settlement period By JAMIE LEE [SINGAPORE] Any move to remove contra trading will be resisted by brokerages, which have recently had informal chats on the subject with the Singapore Exchange (SGX). SGX has not
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  • 138 1 ST INDEX 2,774.06 (+23.20) ST INDEX FUTURES 2,770 (+23) SIMSCI 332.58 (+1.90) SIMSCI FUTURES 332.80 (+2.10) FOREX US$ S$ US$ (S$ per US$) 1.405 (US$/S$ per 1.515 2.129 EURO (US$/S$/E) 1.362 1.914 Foreign currency per US$ S$ YEN 89.30 63.60 RM 3.388 2.411 HK$ 7.762 5.525 BAHT 32.91
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  • Page 1 Advertisements
    • 162 1 BANK EARNINGS HSBC posts smaller-than-expected profit PAGE 2 PROPERTY Why floorplates matter for financial hub SME INC Furniture specialist Falcon expands globally PAGE 12 SME SPOTLIGHT Bridging the generation gap PAGE PAGE 30 DESIGNED FOR PERFORMANCE. ENGINEERED FOR ELEGANCE. Self-winding mechanical movement Black-lacquered steel bezel Sapphire crystal, screw-down crown Waterproof
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  • TOP STORIES
    • 504 2  -  It pays $100m for 5% of listed holding company Gemina By VEN SREENIVASAN [SINGAPORE] Changi Airports International (CAI), the wholly owned international airport consultancy unit of Changi Airport Group (CAG), now owns a slice of Rome’s main airport. It has bought a 5
      BLOOMBERG  -  504 words
    • 466 2 Impairments for bad loans up but profit in Asia down Bloomberg Reuters [LONDON] HSBC Holdings, Europe’s biggest bank, posted full-year net income that missed analyst estimates after impairments for bad loans rose and profit in Asia fell. Earnings increased to US$5.83 billion from
      Bloomberg; Reuters  -  466 words
    • 384 2  -  Third Asia-Pac unit may involve venture with local partner By VEN SREENIVASAN [SINGAPORE] With its Australian start-up returning to the black and the Singapore operations cruising to higher profitability, Tiger Airways is looking at starting up another “cub” in the Asia-Pacific. Tiger’s
      384 words
    • 521 2 Bloomberg [ATHENS] European Union Monetary Affairs Commissioner Olli Rehn urged Greece to quickly outline new ways to cut the region’s largest budget deficit as governments craft a possible rescue package for the cash-strapped nation. “I want to encourage the
      Bloomberg; AP  -  521 words
    • 627 2 Prudential snaps up AIG unit for US$35.5b PRUDENTIAL yesterday said it will acquire the American International Group’s life insurance business in Asia for US$35.5 billion, a deal that signals loudly its intention to expand aggressively in the region where growth rates for the wealth and insurance markets are
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    • 647 3  -  End it by December, says govt; do more to preserve fiscal discipline, retorts BOJ By in ANTHONY ROWLEY FRICTION between the Japanese government and the Bank of Japan (BOJ) moved nearer to a state of open war yesterday as Finance Minister
      PHOTOS: AP, REUTERS  -  647 words
    • 591 3  -  The 3 fossil fuels will account for nearly 80% of global needs up till 2030 By RONNIE LIM [SINGAPORE] From now till 2030, oil will remain the world’s largest energy source, with natural gas moving into second spot ahead of
      591 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 1578 3 2008 BEIJING OLYMPICS.ASSASSINATION OF BENAZIR BHUTTO. 2004 US PRESIDENTIAL ELECTION CAMPAIGN. PAKISTAN'S 60TH ANNIVERSARY. DEADLY CYCLONE IN B, RIOTS IN THAILAND. 2008 MUMBAI BOMB BLAST. SPOTLIGHT ON BONUSES IN BANKING INDUSTRY. PHILIPPINE FERRY SINKS; OVER 700 ABOARD MISSING. SEALS MISSILE DEALWITH TAIWAN.THOUSANDS DEAD IN SICHUAN EARTHQUAKE.PAKISTAN'S 60TH ANNIVERSARY. DEADLY CYCLONE
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  • COMPANY NEWS
    • 802 4  -  HOCK LOCK SIEW By CHEW XIANG WE all know Hyflux is a top, top company. Founder and CEO Olivia Lum was named tenth most trusted personality by none other than a Reader’s Digest poll. The company was namechecked by the Prime Minister himself
      802 words
    • 358 4  -  By SIOW LI SEN UNITED Overseas Bank (UOB) will merge its two Indonesian bank subsidiaries in compliance with Bank Indonesia’s single presence policy. UOB’s Indonesian business performed well last year and is expected to do more this year in line with
      358 words
    • 522 4  -  By LYNETTE KHOO AS part of its cost-cutting measures, troubled S-chip company Sino-Environ-ment has terminated the services of its independent financial adviser nTan Corporate Advisory with effect from Feb 18. The task of negotiating and liaising with the bondholders will now rest
      522 words
    • 272 4  -  By VINCENT WEE NEPTUNE Orient Lines’ (NOL) container volumes are well on the way to recovery, leaping 63 per cent for the six-week period from Dec 26 to Feb 5, although average revenue remains weak. Container shipping volumes rose to 307,400 FEUs from 188,400
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    • 472 4 At a glance Q4 results ended Dec 2009 Full-year results ended Dec 2009 NET PROFIT CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) TURNOVER 1 Wilmar Intl 2,642.38 2,149.51 22.9 33,534.74 40,919.84 -18.0 620.53 524.53 18.3
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    • 546 5  -  Kencana, First Re profits up, helped by valuation gains in biological assets By OH BOON PING VALUATION of biological assets clearly has a positive impact on planters, as both Kencana Agri and First Resources reported higher full-year profit thanks to gains on this front. First
      546 words
    • 243 5 Bloomberg WILMAR International Ltd, the world’s biggest palm oil trader, aims to expand its India business to about half the size of its Chinese operations in the next 10 years, chief executive officer Kuok Khoon Hong said. The expansion in India will include crushing
      Bloomberg  -  243 words
    • 404 5  -  Proposal for share trading resumption submitted to SGX By LYNETTE KHOO FIBRECHEM Technology has made it in time to submit a proposal to the Singapore Exchange (SGX) for resumption of trading of its shares. On Feb 22, FibreChem entered into an investment agreement with Prima Andalan
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    • 509 5  -  By in Phnom ARTHUR SIM PSC Corporation, perhaps best known for iEcon minimarts and the Channel 8 variety show PSC Night, has been diversifying its business quietly over the last few years. Over the weekend it launched its latest venture a
      509 words
    • 487 7  -  Improvement due to higher sales, lower finance costs and taxes, no forex loss By LYNETTE KHOO EPURE International enjoyed a 37.7 per cent jump in net profit for the year ended Dec 31, 2009, to 280.5 million yuan (S$57.8 million). This was helped by higher revenue,
      487 words
    • 405 7  -  By KAREN NG DESPITE the boost from the consolidation of an acquired gas business, welding, gas and safety specialist Leeden posted a 24 per cent slide in net profit to $8.9 million for the year ended Dec 31, 2009. The fall in earnings
      405 words
    • COMPANY BRIEFS
      • 57 7 SINOBEST Technology Holdings warned it may be placed on the watch-list by the Singapore Exchange after it reported a pre-tax loss for the third straight year. The firm suffered a net loss of two million yuan (S$412,000) last year, less than
        57 words
      • 94 7 PRIVATE investor and former “remisier king” Peter Lim Eng Hock is offering to buy the remaining 58.1 per cent stake in United Pulp Paper Company that he and parties acting in concert do not already own, at 10 cents a share,
        94 words
      • 74 7 KARIN Technology Holdings, an IT and components solutions and services provider in Hong Kong and China, said its unit Karin Electronics Supplies Company Ltd has been appointed by TippingPoint to distribute the complete range of TippingPoint’s intrusion prevention system (IPS) in Hong Kong and
        74 words
      • 95 7 DARCO Water Technologies’ wholly owned subsidiary, Darco Engineering (Taiwan) Co Ltd, has won a S$79 million (NT$1.8 billion) project to build and operate a 15,000m3 per day wastewater treatment plant under a build-operate-transfer arrangement from the Taoyuan county government in Taiwan. The contract has
        95 words
    • 250 7 THE Singapore Exchange (SGX), DBS Bank, United Overseas Bank (UOB) and OCBC Bank yesterday announced that all Singapore Government Securities (SGS) holdings of individual investors will be migrated to the Central Depository (CDP) for safekeeping starting from next month. The SGS migration
      250 words
  • Page 4 Advertisements
    • 412 4 ■I Lee Kuan Yew 15NUS I School of Public Policy 'S/SSSHT*' PUBLIC LECTURE You are cordially invited to attend a public lecture on Europe and Singapore: partners in trade, partners for growth by Karel De Gucht European Commissioner for Trade ABOUT THE SPEAKER The new European Commissioner for Trade, Mr.
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  • Page 5 Advertisements
    • 139 5 A member of Academy Nottingham University Business School Alumni Night The Marina Mandarin 12 March 2010 Friday 1900 2200 hours Special Guest Speaker Professor Bob Berry Boots Professor of Accounting Finance Topic: Shareholder Value and Corporate Governance asS Nottingham University Business School Ranked 1 st in UK, 3 rd in
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  • SINGAPORE MARKETS
    • 545 6  -  Despite STI’s rise, broader market remains quiet and cautious, say traders STOCKS VEN SREENIVASAN Senior Correspondent THE Straits Times index registered a respectable rise yesterday it was more a result of selective stock purchases than a return to real buying interest. In fact, trading was
      Source: Bloomberg  -  545 words
    • 3 6
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    • 66 6 Mar 1 VALUE CLOSE BT OB/OS 309.00 +18.0 BT CADI -*****.00 +169.0 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 675.27 +8.16 FTSE ST Small Cap 536.96 +6.97 FTSE ST All Share 686.20 +6.30 FTSE ST China Top 278.51 +6.17 FTSE ST China 290.54 +4.22 FTSE
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    • 186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 4 0 0 0 0 12 4 0 Manufacturing 83 39 60 7 5 9 90 44 69 Commerce 32 10 21 2 4 6 34 14 27 Tpt/Stor/Comms 23 10 7
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    • 341 6  -  Compiled by CONRAD TAN United Overseas Bank March 1 close: $18.38 DBS GROUP RESEARCH, March 1 NET profit of $522 million was 6 per cent ahead of our estimate, but in line with the market consensus ($503 million). The key earnings driver was sharply lower provisions for the
      341 words
    • 288 6  -  CHART POINT By KEN TAI Senior Technical Strategist KELIVE RESEARCH (Part of the Kim Eng Group) DESPITE a flurry of corporate results last week that beat street estimates, the STI continued to mark time in lacklustre trading. Confidence on the local bourse
      Source: Bloomberg  -  288 words
    • 117 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 18,345 18,345 66,335 66,335 Manufacturing 360,821 6,891 367,712 228,262 343 228,604 Commerce 94,844 9,805 104,649 130,249 1,286 131,536 Tpt/Stor/Comms 93,104 4,422 97,526 124,717 764 125,481 Finance 29,203 15 29,218 215,906 1 215,908 Construction 48,435 19,585
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    • 113 6 Stock name Close Change Stock name Close Change CapitaLand 3.820 +0.040 CapitaMall 1.760 -0.010 CityDev 10.300 +0.020 ComfortDelGro 1.550 Cosco Corp 1.240 +0.020 DBS Grp 14.180 +0.180 F&N 4.350 +0.090 Genting SP 0.910 +0.015 Golden Agri 0.540 +0.010 HK Land 4.640 +0.040 JMH 28.600 +1.260 JSH
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    • 464 6 CURRENCIES Reuters [LONDON] The euro was steady against the US dollar yesterday as signs emerged that a support deal for Greece may be near, while the pound sterling fell to a nine-month low versus the US dollar as UK political uncertainty
      Reuters; BLOOMBERG  -  464 words
    • 58 6 VOLUME Genting SP 133,073,000 Golden Agri 64,461,000 Z-Obee Hldgs 54,977,000 Pac Andes 45,713,000 SwingMedia 42,860,000 Ying Li 41,981,000 Cogent 28,782,000 Sin Heng 27,090,000 Sinotel Tech 25,552,000 CapitaLand 25,428,000 VALUE($) Genting SP 120,027,190 CapitaLand 97,441,795 UOB 93,158,473 Noble Grp 64,247,610 DBS Grp 64,193,980 SembMar 37,419,830 Yanlord 36,887,600 Wilmar
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    • 111 6 BY CENTS CLOSE UP JMH 2860 176.9 4.6 DBXT MSEurope 10US$ 4067 147.4 2.7 GLD 10US$ ***** 122.2 0.8 DBXT DJE50 10US$ 3956 91.3 1.7 DBXT FTChina25 10US$ 2862 84.2 2.1 Lyxor China H 10US$ 1536 66.0 3.2 OCC 3.93% NCPS10 8690 60.0 0.7 DBXT MSTaiwan 10US$ 1538 54.8
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    • 125 6 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 *****-170.0 -1.6 STXPO 100 1414 -76.0 -5.1 DBXT S&P Short 10US$ 5391 -35.1 -0.5 UOB 1838 -26.0 -1.4 Asia Pac Brew 1382 -18.0 -1.3 SIA 200 1492 -14.0 -0.9 DBS Bk 6% NCPS 10 ***** -10.0 -0.1 SIA.ES.1003 1496 -10.0 -0.7 Lyxor
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    • 87 6 Where S$ stands Mar 1 CHNG YR 2010 CLOSE FR Feb 26 S$ LOW S$ HIGH US$ 1.4050 0.20 1.4219 1.3869 Euro 1.9140 -0.17 2.0153 1.9030 Pounds 2.1303 0.93 2.2776 2.1303@ A$ 1.2639 -0.84 1.2923 1.2276 Yen* 1.5724 0.27 1.5897 1.5027 Rupiah* 0.***** -0.61 0.***** 0.***** Baht* 4.2673 -0.13
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  • Page 7 Advertisements
    • 83 7 It takes TALENT to meet big challenges and AMBITION to aim for constant improvement. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. Ml i rV*. 'is xi... V i k --A iter \U 4 rZ~ •5 dt. .V WV <7t
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  • SINGAPORE NEWS
    • 471 8  -  S’pore also seen to be ideal launch pad for Egypt firms into Asian economies By LEE U-WEN A HIGH-LEVEL delegation from Egypt will be in Singapore this week to showcase the country as a key destination for investors seeking opportunities in the vast,
      471 words
    • 273 8 D-SIMLAB Technologies Pte Ltd, a provider of simu-lation-based decision support solutions for the aerospace and semiconductor manufacturing industry, has successfully raised another round of investment from Tan Gee Beng Pte Ltd (TGBPL) yesterday. TGBPL is a Singaporebased company with interests ranging from manufacturing,
      273 words
    • 299 8  -  By JASLENE PANG AN ASIAN Festival of Children’s Content (AFCC) the first of its kind will be held at The Arts House from May 6-9. The festival organised by The Arts House and National Book Development Council of Singapore aims to improve
      299 words
    • SINGAPORE ROUNDUP
      • 81 8 HEALTH Management International’s education arm, HMI Institute of Health Sciences (HMI-IHS), signed a memorandum of understanding with the Chinese Development Assistance Council (CDAC) yesterday. The MOU was to collaborate on promoting the Skills Programme for Upgrading and Resilience-funded Workforce Skills Qualification by retraining and upgrading
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      • 26 8 THE results of the 2009 Singapore-Cambridge GCE Advanced Level Examination will be released from 2.30pm onwards on Friday, March 5.
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    • 467 9  -  Participants say govt should rethink Land Intensification Allowance By TEH SHI NING THE new tax allowance scheme that replaces the Industrial Building Allowance (IBA) and aims to raise land productivity is not business friendly. In fact, restricted to too few sectors, the Land Intensification
      YEN MENG JIIN  -  467 words
    • 411 9  -  Forum agrees that excellent service is driven from the top By UMA SHANKARI LOW levels of customer satisfaction in the service sectors here are very worrying for Singapore, said top executives at a forum yesterday. “If the service sector continues to decline this way,
      411 words
    • 347 9  -  By JASLENE PANG, OLIVIA HO PRICES of Chinese vegetables have been increasing, following a cold snap in the provinces, such as Guangzhou, on the eve of Chinese New Year. The weather affected the supply of Hong Kong kailan and chye sim. And importers
      347 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
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  • SME Inc
    • 1021 10  -  Spring’s SMART initiative has helped two SMEs, Excel Hardware and Weiken.com, bring their management capabilities up to date. TIMOTHY SEOW reports TIMOTHY SEOW WHEN Kaden Choa, fresh out of university, started working full-time for his father at Excel Hardware a wholesale distributor of furniture parts in
      1,021 words
    • 305 10  -  By TIMOTHY SEOW SPRING Singapore’s SME Management Action for Results (SMART) is targeted at helping small and medium enterprises (SMEs) along the journey towards business excellence by providing consultancy services and funding support. The SMART initiative helps an SME in two main ways. First,
      305 words
    • 455 10  -  It has customised its services to suit the needs of local users By ABIGAIL KOR CHINA’S State Intellectual Property Office is reported to have issued more than 580,000 patents in 2009, a record-breaking 41 per cent increase from the previous year. Rising demand for patent
      455 words
    • 410 10  -  By TEH HOOI LING SMALL-CAP stocks have outpaced big caps on a weekly basis for the first time since the second week of January. In the five trading sessions to yesterday, our small-cap portfolio advanced 2.9 per cent, versus a 0.6 per cent gain by the
      410 words
    • EMERGING ENTERPRISE
      • 710 11  -  Past winners advise this year’s entrants to show novelty in product, prepare a solid business plan, and just tell it like it is during presentation. OLIVIA HO reports OLIVIA HO WITH less than a month to the application deadline for Emerging Enterprise 2010 (EE10), there
        FILE PHOTO; ARTHUR LEE  -  710 words
      • 811 11 MANY ambitious enterprises have dreams of going for a public listing. However, they may be clueless about how to prepare for the journey, or even when they should start to think about it. In a Q&A with BT, Stone Forest Corporate
        811 words
    • 618 12  -  Furniture specialist Falcon tells OLIVIA HO why it is expanding in Vietnam, the Middle East and Eastern Europe OLIVIA HO INTERIOR design and furniture specialist Falcon Incorporated is opening a furniture factory in Hanoi, said to be the largest of its kind in the
      YEN MENG JIIN  -  618 words
    • 1152 12  -  There are broad-based initiatives aimed at helping them capture growth opportunities both in and outside Singapore COMMENTARY By ANG LEA LEA The writer is a tax partner at Ernst Young Solutions LLP BUDGET 2010 looks beyond the immediate rebound in the
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    • 1309 13 THIS WEEK’S TOPIC What do you think of the Budget initiatives to reduce the cost of mergers and acquisitions? Do you think such moves will encourage SMEs such as yours to consider M&As for growth? Are the incentives useful? What more can be done to facilitate M&As
      1,309 words
  • Page 10 Advertisements
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    • 10 10 COMMENTARY 5 ways for SMEs to capitalise on Budget PAGE
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  • Page 11 Advertisements
    • 180 11 pgnerflwig Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. This year, up to three SMEs will each receive up to S$390,000 in cash*, grants and professional services. To put your business in the winning league, sign up now at www.asiaone.com/EE2010,
      180 words

  • Page 12 Advertisements
    • 163 12 ©Singapore Brand Conference Thursday, 25 March 2010 Pan Pacific Hotel (Marina) -1 Building Borderless Brands. Rethinking Innovation. The programme of Singapore Brand Conference 2010 has been specifically crafted to address the needs of small and medium sized enterprises. With a focus on building global brands, this event is set to
      163 words

  • Page 13 Advertisements
    • 216 13 VI D D V V 0 V u y D D Q AJ D D 1 D D Due to the compact size of SMEs, things can get pretty chaotic in the absence of a team member. Healthy employees perform better, which is why we offer the Workplace Health Promotion
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  • ECONOMY WATCH
    • 504 14 It removes obstacle that has stalled US financial rules Bloomberg [WASHINGTON] Senate Banking Committee negotiators, working through the weekend, agreed to drop the stand-alone consumer agency sought by the Obama administration and opposed by the banking industry, removing an obstacle that has
      Bloomberg  -  504 words
    • 426 14 Reuters [LONDON] Manufacturing activity in the euro zone grew slightly faster than previously thought last month but Spain and Greece continued to lag far behind the bloc’s big three economies, a survey showed yesterday. The Markit Eurozone Manufacturing Purchasing Managers’ Index (PMI)
      Reuters; BLOOMBERG  -  426 words
    • 476 14 Figures point to lasting recovery despite fears about global economy: analysts Reuters [SEOUL] South Korean exports soared to a 17-month high in February, easing investor concerns about the impact from monetary tightening in countries like China and over the fading effects of global
      Reuters  -  476 words
    • 627 14 RBA expected to lift rates by 25 basis points to 4% today Reuters [SYDNEY] Australia’s trade deficit widened in the last quarter as the relative strength of domestic demand and business investment sucked in imports, while companies reported healthy sales and improving profits.
      Reuters  -  627 words
    • 757 14 Bloomberg [LONDON] While the world focuses on Greece’s debt crisis, investors in Edinburgh are busy preparing for the UK to be next. Turcan Connell, which caters to rich families, expects the pound to lose between 20 per cent and 30 per cent against the
      Bloomberg  -  757 words
    • 221 14 Bloomberg [STOCKHOLM] Sweden unexpectedly slipped back into recession in the fourth quarter as domestic consumption lost momentum and the slow global economic recovery slashed demand for exports, which make up more than half Swedish output. Gross domestic product slumped 0.6 per cent from
      Bloomberg  -  221 words

  • MALAYSIA
    • 550 15  -  MD says bankers ought to also bear some blame for their internal credit rating By PAULINE NG SHARES of Transmile Group continued to be heavily traded yesterday after widening losses caused the company to slip into distressed status last week. Transmile fell to an
      550 words
    • 529 15  -  By S JAYASANKARAN ANALYSTS seem to have mixed feelings about Genting Malaysia, the former Resorts World and the Genting conglomerate’s gaming and hospitality arm. And it is for purely ironic reasons competition from two new casinos in Singapore, one of which is 54 per cent
      529 words
    • 566 15 Bloomberg [KUALA LUMPUR] Malaysia’s government-linked companies and businessmen are being pressed to boost spending at home amid concern that more money is being invested abroad than flowing into the country. Fresh ideas to stimulate investment may be included in the government’s so-called
      Bloomberg  -  566 words
  • Page 15 Advertisements
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  • GREATER CHINA
    • 678 16 Mixed views over effect of week-long holiday on weak PMI data Bloomberg [BEIJING] China’s manufacturing grew at a slower pace last month, reducing the risk of overheating in the fastest-growing major economy. A Purchasing Managers’ Index released by the government yesterday slid to a
      Bloomberg  -  678 words
    • 292 16 Bloomberg [SHANGHAI] China’s stocks are “likely to struggle” until there’s more clarity on government policies to rebalance the economy, according to JPMorgan’s Adrian Mowat. Investors are “concerned about rebalancing in China’s economy this year,” Mr Mowat, JPMorgan’s head of Asian and emerging-market strategy,
      Bloomberg  -  292 words
    • 438 16 Analysts expect gains from growth in consumption Bloomberg [SINGAPORE] Goldman Sachs Group Inc recommended China’s car, healthcare, personal computer, insurance and Internet stocks, predicting gains from consumption growth. Tsingtao Brewery Co and Zhejiang NHU Co are among the top selections in the mainland market,
      Bloomberg  -  438 words
  • Page 16 Advertisements
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  • INDIA
    • 606 17 Economic adviser also says that reforms will pick up after a slow period Reuters [NEW DELHI] India’s market will be able to absorb record government borrowing announced in the Budget, one of the country’s most powerful economic advisers said, despite an initial negative
      Reuters  -  606 words
    • 261 17 PMI based on 500 firms’ survey rises to 58.5 in February Reuters [MUMBAI] India’s manufacturing industry in February grew at its fastest pace in 20 months, expanding for the third month thanks to rising output and new orders, a survey showed. The HSBC Markit Purchasing
      Reuters  -  261 words
    • 520 17 Reuters AFP [RIYADH] India said it expects its economy to rebound to 9 per cent annual growth rates within two years and wants to expand its energy ties with top OPEC exporter Saudi Arabia to help fuel the recovery. During a
      Reuters; AFP; REUTERS  -  520 words
  • Page 17 Advertisements
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  • ASIA-PACIFIC/WORLD
    • 478 18 Feb employment index hits its highest level in more than five years LATEST US DATA AP Reuters [NEW YORK] The US manufacturing sector expanded in February for the seventh straight month while a measure of employment jumped to the highest level in more than
      AP; Reuters  -  478 words
    • 662 18 Bloomberg [PUTRAJAYA, Malaysia] US President Barack Obama needs to grasp South-east Asia’s economic potential and help boost US investment when he travels to Indonesia three weeks from now, economic ministers from the region said. “There’s still a lack of awareness in the
      Bloomberg  -  662 words
    • 379 18 Bloomberg [HONG KONG] Hang Seng Bank Ltd, majority owned by HSBC Holdings, has posted a 34 per cent gain in sec-ond-half profit as demand for investment products increased on stock gains. Net income for the six months ended Dec 31 rose to HK$6.75
      Bloomberg; BLOOMBERG  -  379 words
    • 572 18 AP [BEIJING] Toyota president Akio Toyoda apologised yesterday to the company’s customers in China, the fast-growing market that has become increasingly important to carmakers as they struggle with weak global sales. The number of Toyota vehicles recalled in China makes up only a small
      AP  -  572 words
    • 239 18 NYT [NEW YORK] Merck of Germany said on Sunday that it has agreed to buy Millipore, an American provider of purifiers and filters for biotechnology laboratories, for about US$7.2 billion, including debt. With the Millipore acquisition, Merck will become the latest healthcare
      NYT  -  239 words
    • 214 18 Bloomberg [DUBAI] Dubai has ordered government departments to cut spending this year to reduce the size of the emirate’s planned six billion dirham (S$2.29 billion) deficit, the department of finance said yesterday. Departments were told to reduce spending by 15 per cent to save
      Bloomberg  -  214 words
    • 518 19 Rise in death toll to more than 700 from Saturday’s 8.8 magnitude tremor CHILE QUAKE Reuters AP [CONCEPCION] The United Nations yesterday said that it would begin rushing aid deliveries to Chile after the government officially asked for help in its recovery
      Reuters; AP  -  518 words
    • 352 19 Reuters [MEXICO CITY] A devastating earthquake in Chile will set back the country’s recovery from recession and put pressure on central bankers to keep interest rates low to help the economy. With details of the extent of the destruction still emerging, economists said
      Reuters  -  352 words
  • Page 18 Advertisements
    • 317 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HONG BEE METAL (PTE) LTD (Company Registration No. *****5023C) (In Members'Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of HONG BEE METALS (PTE) LTD duly convened and held at 415B Jalan
      317 words
    • 18 18 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • Page 19 Advertisements
    • 6427 19 JOINT ANNOUNCEMENT SWISSCO Swissco International Limited (Incorporated in Singapore) (Company Registration No. *****1051D) r 2" HOLDINGS C20 Holdings Limited (incorporated in Singapore) (Company Registration. No. *****4711D) PROPOSED ACQUISITION OF SWISSCO INTERNATIONAL LIMITED BY WAY OF A SCHEME OF ARRANGEMENT INTRODUCTION Acquisition. The respective directors of Swissco International Limited ("Swissco") and
      6,427 words

  • WORLD
    • 712 20  -  Surge illustrates lack of faith in paper currencies, fear of stagflation By in London NEIL BEHRMANN THE unsung song about gold is that it is currently trading at a record euro price of 824 euros (S$1,570) an ounce. This compares with a
      REUTERS  -  712 words
    • 618 20 Bloomberg [NEW YORK] Compensation limits imposed by US paymaster Kenneth Feinberg make “little business sense” and hurt the insurer’s ability to repay its government bailout, Harvey Golub, American International Group chairman, said. Mr Golub, who became chairman in
      Bloomberg  -  618 words
    • 413 20 Firm expects to raise up to US$3b to help finance spending Bloomberg [LONDON] Royal Dutch Shell is selling assets including fields in the North Sea and its European liquefied petroleum gas business to help finance its US$28 billion capital spending programme this year, the
      Bloomberg  -  413 words
    • 586 20 Bloomberg [NEW YORK] Billionaire Warren Buffett shut a Berkshire Hathaway credit-card business and sold bad loans at 55 cents on the dollar in what he called a “very expensive business fiasco.” “I finally woke up,” Mr Buffett said in his annual letter
      Bloomberg; BLOOMBERG  -  586 words
    • 357 20 NYT [NEW YORK] The only thing standard about magazines’ websites is that there are no standards. That is the chief finding of a research project conducted by the Columbia Journalism Review, which surveyed 665 consumer magazines on the practices and profitability
      NYT  -  357 words
  • Page 20 Advertisements
    • 153 20 CATCH TONY BLAIR LIVE AT WITH You won't want to miss one of the world's most respected and admired leaders discussing relevant and challenging global issues that may have an impact on you here in Singapore! Totally sold-out in 2008 and 2009, the event (Apr 27-29) is expected to attract
      153 words

  • AVIATION
    • 821 21 Millions of travellers will experience delays and higher ticket prices AP [NEW YORK] The main runway at New York’s John F Kennedy International will be closed for four months starting yesterday. Millions of travellers will experience delays, including some not flying anywhere near the
      AP  -  821 words
    • 232 21 Bernama [MELBOURNE] Etihad Airways will install new state-of-the-art technology on its long and ultra long-haul aircraft which can monitor the condition of passengers who display signs of sickness that might require immediate medical attention. The “Tempus IC” system allows cabin crew to gather
      Bernama  -  232 words
    • 286 21 AFP Xinhua [SANTIAGO] The international airport of Santiago will start resuming operations slowly and will completely go into full operation today, the command-er-in-chief of the Chilean Air Force said. General Ricardo Ortega said that one flight from Lima arrived at the airport on Sunday, but
      AFP; Xinhua  -  286 words
    • 2896 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0610 AZ3993 0125 SQ323 0610
      2,896 words
    • 620 21 Bloomberg [ATLANTA] Delta Air Lines and American Airlines, the world’s two largest carriers, are counting on lie-flat seats and Tahitian crab soup to help win back their most-profitable customers. With the easing of an 18-month global slump in first and business-class travel,
      Bloomberg  -  620 words
  • Page 21 Miscellaneous
    • 334 21 CRYPTIC CROSSWORD Across 1 Knowing about mediaeval instruments of torture jokes (10) 6 Drug bill said to be cut by half (4) 9 Standing to attention, free soldier inside (5) 10 Rock offering shade on beach (9) 12 Rush for gold buried in river (7) 13 Girls losing head become
      334 words

  • Page 22 Advertisements
    • 2219 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W. Malaysia, Indonesia Destination DD LEADER
      2,219 words
    • 565 22 WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com TO NORTH AND LATIN AMERICA ‘‘CAR RORO HEAVYLIFT SERVICE’’ VESSEL VOY RAMP HEIGHT SIN TIW LBC MAO SAV BAL NEN TAMESIS FF005 320 Tons 6.40M 12/03 10/04 13/04 21/04 26/04 02/05 30/04 OTELLO FF006 123 Tons 6.50M 31/03 27/04 06/05 10/05 16/05 15/05 TAMERLANE FF007
      565 words

  • THE BUSINESS TIMES SHIPPING TIMES
    • 450 23  -  Inter-govt effort and information sharing help to overcome hijack attempt By VINCENT WEE CLOSE cooperation among regional authorities has enabled the quick recovery within three weeks of a tug hijacked off Pulau Tioman earlier this month, the The Regional Cooperation Agreement on Combating Piracy
      450 words
    • 241 23 Reuters [DHAKA] Bangladesh will provide funds of nearly US$145 million from the Jeddah-based Islamic Development Bank (IDB) to build a jetty in the Bay of Bengal and connect it to the country’s only refinery, senior officials said yesterday. The official said the
      Reuters  -  241 words
    • 517 23 AP AFP [BRUSSELS] Somali pirates released Sunday a Greek-owned freighter and its crew of 19, captured two months ago, after receiving a ransom payment, the EU’s naval force announced. “EU NAVFOR can now confirm that the Greek-owned Panama flagged Bulk
      AP; AFP  -  517 words
    • 244 23 AFP [PESHAWAR, Pakistan] Suspected Islamist militants armed with guns and rockets yesterday blew up a tanker carrying fuel through Pakistan for Nato troops based in neighbouring Afghanistan, police said. Several armed men lobbed a rocket and then opened fire on the supply
      AFP  -  244 words
    • 281 23 SGX '000 Mar 1 S$ +/-Vol CH Offshore 0.66 0.01 353 Chuan Hup Hldgs 0.31 unch 38 Cosco Corp 1.24 0.02 8119 CWT Ltd 0.92 unch 1337 Ezra Hldgs 2.25 0.01 1901 First Ship Lease 0.61 0.02 761 Freight Links 0.05 unch 100 Grand Banks unch unch 0
      281 words
  • Page 23 Advertisements
    • 576 23 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
      576 words
    • 341 23 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PKL KUC JKT SUR CORAL HERO 101 50 80 03/03 06/03 PACIFIC LOHAS 24 60 08/03 10/03 13/03 JUTTHA PATTHAMA 2 10/03 12/03 POSITIVE STAR 49 100 09/03 12/03 13/03 15/03
      341 words
    • 426 23 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF CSL MARIE 0002W 25/02 05/03 06/03 08/03 HJ GDYNIA 0008W 11/03 19/03 20/03 22/03 HJ KINGSTON 0012W 18/03 26/03 27/03 29/03 HJ DUESSELD 0003W 25/03 02/04 03/04 05/04 Vessel Voy SIN TAO KAN PUS SHA
      426 words

  • EDITORIAL & OPINION
    • 1141 24  -  The real option for Singapore is economic restructuring to raise productivity growth By SHAHID JAVED BURKI The writer is a senior visiting fellow at the Institute of South Asian Studies. He is the former vice-president of the World Bank and served as Pakistan’s finance
      ST FILE PHOTO  -  1,141 words
    • 499 24 EDITORIAL THEORIES abound and seem to change constantly as to whether or not Asian economies have “decoupled” from dependence on the West. Before the global economic slowdown began, many argued that decoupling was an established fact of economic life in Asia. Then the theory
      499 words
    • 759 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent US FEDERAL Reserve chairman Ben Bernanke’s semi-an-nual report on the state of the American economy last week was comforting. He reassured everyone that the economy was slowly getting better. But, he added, it would
      759 words
    • 1018 25  -  What transpired was a somewhat evasive response to issues of fiscal policy and inflation By AMITENDU PALIT The author is an economist and a visiting research fellow with the Institute of South Asian Studies in the National University of Singapore RELEASES of India’s annual budgets
      AFP  -  1,018 words
    • 743 25  -  By FRANCES MANWARING The writer is chief executive officer, Virtual Expos New Zealand Ltd VIRTUAL reality is one of the enduring images of science fiction: Think of epic actionhero battles, complete with martial arts moves and superhuman agility, or holograms that transport the human protagonists to
      NEW ZEALAND TRADE & ENTERPRISE  -  743 words
    • 223 25  -  LETTER TO THE EDITOR Richard Teng Senior vice-president Head, Issuer Regulation Risk Management and Regulation group Singapore Exchange WE refer to the article, “More clarity needed for SGX policy on firms at risk of delisting” (BT, Feb 24). As stated in the
      223 words


  • SINGAPORE STOCKS
    • 8934 26 Transaction date: Mar 1 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 unch 697 17.5 17 17 17.5 1.7 10.6 5.5 81.4 10 2.5 5834
      8,934 words
    • 1847 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 4.5 6 30.6 5.3 25 12 8538 t APStrategic 15.5 13 14.5 91.5 4 0.5
      1,847 words
    • 9359 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.17/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.639/ Asian Credit Fund 1.2247/ Asian
      9,359 words
    • 475 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110.4 107.6 111 504 846 427 CIMBAsean40 100US$ US798 804 809 31.9 298 149 DBS STI ETF
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    • 78 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A47.5 -0.5 16 47.5 46 47.5 49 3.6 7.4 3.8 123.7 31 6 6017 Genting HK US$ US18.5 +0.5 1423
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  • FINANCE & COMMODITIES
    • 365 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 26 Index Change Change Change Change Change Change World Index Preliminary 816.5 0.6 -1.9 0.5 -2.8 0.9 -3.0 EAFE Preliminary 760.1 1.1 -3.2 1.3 -5.2 1.6 -5.3 Europe Preliminary 1086.6 1.4
      365 words
    • 177 28 Mar 1 $S Offer Bid Overnight 3/16 1/8 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 3/16 US$ Offer Bid 7 days 0.23 0.18 1 month 0.29 0.24 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
      177 words
    • 22 28 Mar 1 S$ Bid Offer 1-month 1.4042 1.4063 2-months 1.4045 1.4065 3-months 1.4046 1.4066 6-months 1.4052 1.4073 Source: OCBC
      22 words
    • 181 28 Mar 1 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 329.5 521 May 10 329.5 686 Jun 10 329.5 830 Jul 10 329.5 390 Aug 10 329.5 210 Sep 10 329.5 300 TSR 20 (US cents/kg) Volume
      181 words
    • 88 28 Mar 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 03.06.2010 0.40 0.40 0.34 1-Year BY*****N 01.11.2010 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.29 5-Year N*****0N 1.375 01.10.2014 100.33 100.43 100.38
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    • 106 28 Feb 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 951.00 941.50 953.25 937.75 May 10 961.00 950.00 964.00 946.75 Jul 10 969.00 957.50 971.25 955.00 Aug 10 965.25 954.00 967.00 954.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 39.29 38.53 39.48
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    • 77 28 CRUDE OIL PRODUCTS Feb 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.60 2.05 WTI (Near Mth) 79.70 1.48 Dubai (1-Mth F) 75.20 -1.49 Tapis blend 80.50 -1.45 Minas 78.40 -1.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 77.66 -1.22 Jet Kerosene 83.65 -2.00 US$/barrel Opec Oil
      77 words
    • 2406 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 16 5.17 50 4085 ASJ Hldgs W*****1 1.5 unch 24 1 4 10 3.33 23 2036 Advance SCT Ltd W*****9 0.5 1 87
      2,406 words
    • 132 28 Mar 1 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2520 1.2890 Can dollar 1.3280 1.3440 Euro 1.9040 1.9250 NZ dollar 0.9750 0.9960 Sterling pound 2.1220 2.1450 US dollar 1.3960 1.4120 Local dollars to 100 units of foreign
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    • 29 28 Mar 1 Open High Sett STI Mar 2754 2754 2770 SIMSCI Mar 331.0 333.9 332.8 Taiwan Mar 265.8 273.9 272.6 Source: MF Global (S) Pte. Ltd
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    • 66 28 Mar 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2595 2639 2640 2595 144 1850 Apr 10 2625 2637 2642 2622 3461 ***** May 10 2619 2630 2638 2617 9209 ***** Jun 10 2608 2617
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    • 365 28 Mar 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7375 0 4261 Jun10 99.6400 0 7049 Sep10 99.4650 0 2347 Dec10 99.1650 0 1851 EUROYEN TIBOR FUTURES Mar10 99.5650 99.5650 99.5650 99.5650 2 4558 Jun10 99.6000 99.6000 99.6000 99.6000 0 1774 Sep10 99.6100 99.6100 99.6100
      365 words
    • 465 28 Mar 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.946 6.140 0.660 6.981 41.350 83.284 0.803 10.433 3.047 1.287 76.494 41.489 1.264 6.897 0.966 28.803 29.595 0.594 0.899 Canada 1.057 6.492
      465 words
    • 85 28 Mar 1 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 28 Mar 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2626 1.2647 0.8993 0.8995 Canadian dollar 1.3349 1.3375 0.9508 0.9513 Euro 1.9122 1.9160 1.3620 1.3627 NZ dollar 0.9806 0.9827 0.6984 0.6989 Sterling pound 2.1272 2.1309 1.5151 1.5156
      154 words
    • 141 28 Mar 1 GOLD (US$/oz) Mar 01 Feb 26 Hong Kong 1121.20 1110.50 Feb 26 Feb 25 London 1114.90 1101.30 1115.70 1102.10 Thomson Source: Thomson Reuters CAST BAR Mar 01 (S$) Selling Buying Kilobar "54,032.86" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 343.47 252 10gm
      141 words
    • 69 28 Feb 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2102.00 2052.75 3 months 2134.00 2086.00 Copper, Grade A (US$/tonne) Cash 7166.50 6969.25 3 months 7195.00 6999.00 Lead (US$/tonne) Cash 2140.75 2125.75 3 months 2165.00 2150.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 77 28 Feb 26 COCOA (£/tonne) Close Prev High/Low Mar 10 2181 2174 2199/2174 May 10 2189 2188 2208/2183 Jul 10 2178 2173 2194/2172 Sep 10 2156 unch 2173/2153 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1238 1216 1240/1210 May 10 1284 1259 1289/1258 Jul 10 1318 1294 1322/1294 SUGAR (US
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  • PROPERTY
    • 664 29 More buyers chasing fewer properties fuels sharpest increase in 2 years Bloomberg [EDINBURGH] Luxury home prices in central London jumped 17 per cent in February from a year earlier, the biggest gain in almost two years, as more buyers competed for
      Bloomberg; BLOOMBERG  -  664 words
    • 433 29 Bloomberg [LONDON] UK mortgage approvals in January have dropped by more than economists forecast to an eight-month low, adding to evidence that the housing market recovery may be losing momentum. Lenders granted 48,198 loans to buy homes, compared with 58,223 in December, the
      Bloomberg  -  433 words
    • 759 30  -  Upgrading quality of stock crucial for S’pore’s status as financial hub: JLL By KALPANA RASHIWALA [SINGAPORE] As of December last year, only 9 per cent of Singapore’s CBD office buildings had floor plates of over 20,000 sq ft, which
      Source: Jones Lang LaSalle  -  759 words
    • 381 30  -  But ARA has to first reposition centre for more stable income By EMILYN YAP [SINGAPORE] There are plans for Suntec Real Estate Investment Trust (Suntec Reit) to purchase the entire Suntec International Convention Exhibition Centre. But this is unlikely to happen until the latter has
      381 words
    • 341 30 Reuters [LONDON] The US and Japan are expected to see the biggest rise in distressed property sales in the first quarter, as the fallout from the global property downturn intensifies, the results of a survey showed yesterday. By contrast, respondents
      Reuters  -  341 words
    • 292 30 AFP [SYDNEY] Australian property prices are rising strongly and show no signs of abating, analysts said yesterday, after weekly sales in one state hit a record A$1.03 billion (S$1.3 billion). The Real Estate Institute of Victoria said last week saw “the largest dollar volume of
      AFP  -  292 words
  • Page 29 Advertisements
    • 220 29 Bossanova Limited SEAFRONT A signature Capitaland Project Units #02-07 and #03-07, Seafront, Meyer Rd. 2,099 Sqft each. Ten minutes drive to CBD. Comparatively (to districts 9 and 10) little traffic in morning. Full spectacular Pool view will see pool like this (except 4th floor). You can talk to your children
      220 words
    • 436 29 CENTRAL SAINT GILES COVENT GARDEN LONDON WC2 central saint giles London's most central new apartments Central Saint Giles is set to become one of the most sought after and exciting new addresses in Central London. This is a rare opportunity to invest in a luxurious Central London development offering a
      436 words

  • Page 30 Advertisements
    • 86 30 ENTERPRISE LOGISTICS CENTRE Warehouse For Lease Located at Tuas South Unit sizes from 28,000 sq ft to 163,000 sq ft High ceiling of up to 10m Floor loading of up to 25 KN/m 2 Very wide ramp and driveways for easy 40-footer container access Sheltered loading unloading bays in front
      86 words
    • 63 30 ENJOY SUBSTANTIAL RETURNS! UNDERVALUED FREEHOLD CONDO NEARBY ORCHARD ROAD BULK SALE HUGE DISCOUNT! TOP END 2010 t ...s 9£o Simon Sim +65 9029 4988 International Property Group Pte Ltd Pavilion Residences ...most prime location in Kuala Lumpur. Attractive price and rebates for limited period only! Immediate occupation Up to 90%
      63 words