The Business Times, 27 April 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, April 27, 2010
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  • 1136 1  -  Bill seeks to put restrictions in place; other changes may simplify process By UMA SHANKARI [SINGAPORE] A new amendment bill introduced in Parliament yesterday will make it harder for property owners to keep retrying for a collective sale. But analysts
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  • 141 1 ST INDEX 3,002.62 (+14.13) ST INDEX FUTURES 2,997.00 (+20.00) SIMSCI 357.84 (+1.52) SIMSCI FUTURES 356.90 (+3.20) FOREX US$ S$ US$ (S$ per US$) 1.368 (US$/S$ per 1.547 2.117 EURO (US$/S$/E) 1.336 1.827 Foreign currency per US$ S$ YEN 94.10 68.80 RM 3.179 2.324 HK$ 7.763 5.676 BAHT 32.20
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  • 701 1  -  By CONRAD CONRAD TAN [SINGAPORE] Sembcorp Industries is offering to buy a New York-listed Dutch water company for US$206 million, an acquisition that will extend the reach of its water and wastewater treatment business across the globe. Its takeover of Cascal
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  • Page 1 Advertisements
    • 187 1 COMPANIES Valuations here comparable to Hong Kong’s: SGX PAGE 5 EMERGING ENTERPRISE MAJ Aviation soaring high PAGE 14 SME INC Neo Group sets itself apart from the pack PAGE 12 CURRENCY Stronger S$ won’t hurt exports: Hng Kiang PAGE 2 PROPERTY More units at Marina Bay Suites to be released
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  • TOP STORIES
    • 528 2  -  Costs are reduced as imports used to produce exports will become cheaper By CHUANG PECK MING [SINGAPORE] A stronger Singapore dollar will not hurt Singapore’s exports and turn away tourists, according to Lim Hng Kiang, deputy chairman of the Monetary Authority of
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    • 550 2  -  By TEH SHI NING [SINGAPORE] The Republic’s economic recovery flowed through to its labour market by the end of 2009, as job losses shrank to pre-recession levels in the last quarter, the Ministry of Manpower (MOM) said yesterday. The number of
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    • 623 2  -  By ARTHUR SIM [SINGAPORE] The Marina Bay Sands (MBS) casino has been awarded its licence just one day before it was scheduled to open. This means that the casino, along with 963 hotel rooms, the Sands Expo and Convention
      REUTERS  -  623 words
    • THREE-MINUTE DIGEST
      • 72 2 A NEW amendment bill introduced in Parliament yesterday will make it harder for property owners to keep re-trying for a collective sale. But analysts said other changes such as allowing contested sales to bypass Strata Titles Board hearings and reducing
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      • 43 2 SEMBCORP Industries is offering to buy a New York-listed Dutch water company for US$206 million, an acquisition that will extend the reach of its water and wastewater treatment business across the globe. FRONT PAGE
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      • 69 2 A STRONGER Singapore dollar will not hurt Singapore’s exports and turn away tourists, according to Lim Hng Kiang, deputy chairman of the Monetary Authority of Singapore. He told Parliament yesterday that a big chunk of the inputs that go into producing Singapore’s
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      • 49 2 CONTRARY to popular belief, valuations on the Singapore Exchange are on a par with other leading exchanges, including Hong Kong’s. Moreover, governance concerns surrounding China listings here could be exaggerated at least according to data provided by the SGX. COMPANY NEWS, PAGE 5
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      • 57 2 SINGAPORE’S factory output rose 43 per cent in March from a year ago, soaring 13 percentage points past the consensus forecast, thanks to base-effects and surging export demand for semiconductors. On a seasonally adjusted basis, March’s factory output was actually 1.5 per cent
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      • 59 2 US COMPANIES working in China are more worried about regulatory and policy issues than about pushing China to revalue its currency, the head of the American Chamber of Commerce said in Beijing yesterday. “A single-minded focus on the yuan is a mistake,”
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      • 51 2 SWIRE Properties plans to raise as much as HK$20.8 billion in an initial public offering, sources said. The unit of Swire Pacific plans to sell 910 million new shares, or a 13.79 per cent stake, at HK$20.75 to HK$22.90 each, they said. PROPERTY, PAGE
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      • 61 2 THE next batch of units at Marina Bay Suites will be released by the project’s developer on Thursday, BT understands. Prices have yet to be finalised, say sources. The units to be released are expected to be above the
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    • 691 4 Merkel firmly rejects notion that Greece should be expelled from the eurozone [PARIS] Scepticism about Greek debt in the long term and over solvency in the short term drove Greek borrowing rates to record high levels yesterday, despite an appeal
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    • 709 4  -  By LEE U-WEN [SINGAPORE] In a rare public appearance, Thailand’s revered king appeared on national television last night as he advised new-ly-appointed judges to perform their roles with honesty and commitment to help restore peace to the country. This was the
      AFP  -  709 words
    • 321 4 [BEIJING] China is likely to introduce a property tax on residential housing in the first half of the year as part of its attempts to curb spiralling real estate prices, state media reported yesterday. The levy would be imposed on a trial
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    • 697 4 Bloomberg [HONG KONG] China has tightened real-estate financing by requiring developers to submit fund-raising plans for review, stepping up efforts to prevent a bubble even as the central bank pledged to maintain an “easy” monetary policy. The China Securities Regulatory Commission has sent financing
      Bloomberg  -  697 words
  • Page 2 Advertisements
    • 426 2 KPMG KPMG Seminar Series SINGAPORE Interest Rate Risk Management Dates 3-4 June 2010 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from the same organisation: Enjoy 5% discount
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  • Page 3 Advertisements
    • 56 3 Wealth Management Asset Management Investment Funds Custody Investor Services The expertise is local The network is global The independence is non-negotiable '.M- *>Ts- ,.,y 1E8&S8£ Hi r** :'vrani Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence Dubai Singapore Hong Kong Tokyo Montreal Nassau www.pictet.com
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  • Page 4 Advertisements
    • 145 4 MAT-3 NOTICES GREAT BEIJING WHEEL COMPANY LIMITED The Joint Receivers of Great Beijing Wheel Company Limited (the "Company") seek expressions of interest in the assets of the Company. The Company owns 100% of the issued share capital of Beijing Great Wheel Co., Ltd incorporated in the People's Republic of China.
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    • 37 4 Editorial: Eurozone approaches its moment of truth, Page 22 SME Voices: Do your homework, Page 15 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 9 4 The shoeshine boy’s hottest tip: China property, Page 22
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  • COMPANY NEWS
    • 519 5  -  And governance issues surrounding China listings could be exaggerated By R SIVANITHY CONTRARY to popular belief, valuations on the Singapore Exchange (SGX) are on a par with other leading exchanges, including Hong Kong’s. Moreover, governance concerns surrounding China listings here could be exaggerated
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    • 439 5  -  AGM WATCH By LYNETTE KHOO TROUBLED firm Oriental Century finally has some good news for shareholders. At the annual general meeting (AGM) yesterday, they were told that the company had received an extension of deadline from the Singapore Exchange (SGX) to Aug 31
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    • 415 5  -  Crucial to make sure shares are actively traded: SGX JOYCE HOOI SINGAPORE may be the site of Prudential’s secondary listing, but the Republic will not play second fiddle where trading of the insurance giant’s shares is concerned. Singapore Exchange (SGX) senior executive
      REUTERS  -  415 words
    • 676 6  -  CEO Nazir Razak says it’s time to harmonise M’sian group’s branding By LYNETTE KHOO AFTER five years of rapid growth in the securities business that it took over from GK Goh Holdings, CIMB Berhad thinks that it is time to return the “GK”
      REUTERS  -  676 words
    • 781 6  -  HOCK LOCK SIEW By VEN SREENIVASAN IN RECENT weeks, there has been a slew of upgrades on the offshore and marine, and shipping sector on account of early signs of a pick-up in new-builds. Two of the most obvious beneficiaries of this
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    • 116 6 Reuters SINGAPORE’S Neptune Orient Lines (NOL)said yesterday it carried 32 per cent more containers in the four weeks to April 2 from a year ago. It said in a statement it carried the equivalent of 204,400 40-foot containers (FEUs) on its ships in the period, up
      Reuters  -  116 words
    • 122 6 Q1 results ended March 2010 NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 HL Fin 38.38 25.69 49.4 51.30 54.59 -6.0 2 Rickmers 25.13 27.42 -8.4 52.06 45.59 14.2 3 CM Pacific 18.15 11.34 60.0 4.89 4.90 -0.2 4 CapitaRChina Trust 13.34 13.30
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    • 350 6  -  Contributions from hospital, healthcare segments cited By NISHA RAMCHANDANI STRONGER contributions from both its hospital and healthcare segments helped Raffles Medical Group chalk up a 16.4 per cent year-on-year increase in net profit to $9.07 million for the first quarter ended
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    • 470 9  -  It expects funding issue to be resolved with recent signing of 2 term sheets By NISHA RAMCHANDANI RICKMERS Maritime kept its income distribution conservative in continued efforts to conserve cash with a distribution per unit (DPU) of 0.57 US cents 73
      FILE PHOTO  -  470 words
    • 255 9  -  By WINSTON CHAI IN YET another acquisition of a condominium project in Japan, IPC Corporation has bought a distressed condominium project in Japan, with an estimated total project cost of 1.45 billion yen. This uncompleted project is a 77-unit condominium development at an
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    • COMPANY BRIEFS
      • 71 9 FIRSTLINK Investment Corp Ltd said that it has entered a term sheet to buy Tai-Ao Aluminum Group Ltd, a China-based maker of aluminium alloy structures, for $150 million. FirstLink will pay the sellers with shares, which are likely to be issued at 11
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      • 50 9 AZTECH Electronics said a subsidiary has been awarded a $2 million tender to supply and install LED lighting for a selected group of public housing blocks. The project is the first in Singapore to deploy eco-friendly, energy-efficient LED lighting for public housing, it said.
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      • 72 9 ARMARDA Group has warned that it expects to report a bigger loss for the first quarter of FY 2010 compared to a year ago. This is due to a continued weak market brought about by the global financial turmoil. Also, it has incurred
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      • 41 9 CHINA Merchants Holdings (Pacific)’s first-quarter net profit grew 60 per cent year on year to HK$100.81 million (S$17.76 million). The toll road operator and property developer’s revenue was marginally down at HK$27.17 million.
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    • 187 9 DIRECTORY publisher and online directory search engine provider Global Yellow Pages (GYP) yesterday signed a licensing agreement with Singapore Press Holdings unit SPH Search. Under the non-exclusive licensing agreement, GYP will give SPH Search access to its database of business listings for reproduction
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  • Page 5 Advertisements
    • 322 5 a leading licensed financial adviser in Singapore presents CC the future is brigh semina Venue: IPP Wealth Management Centre Address: 78 Shenton Way, Ground Floor (Next to M Hotel) Date: 29 April 2010 (Thursday) Time: 6:30pm to 9:30pm More than S$2 billion Topics include A Professional Career with IPP 1
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  • Page 6 Advertisements
    • 202 6 p NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School "The Nanyang EMBA programme has totally re-engineered my way of planning and running my day-to-day business as well as long term plans on business expansion, succession, sustainability and financial readiness." Willie Wong Chairman Managing Director of Frontken Corporation Group of Companies Winner of
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    • 152 6 SeLia SETIA BUSINESS PARK UH SPSETIABHDCROUP FREEHOLD Business Space in Iskandar Malaysia from $70 psf for IIBSDIB light medium industries seeking to enjoy lower operation costs. MALAYS A III KIT I M DM I 1 (PTP) SINGAPORE TaVn 9 PfP as STRAITS OF JOHOR Strategic Location: 20km to Singapore Tuas
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  • Page 7 Advertisements
    • 205 7 See M1 Business Broadband improve your business productivity m i* **L lail, ik k> i 1 iw m. 4 Kur^ iAss; i I"::.'* Ivv;.v: Jfe fc r A Vt ygpT -V.rL ■HBmp V v\ I rC$S£? *v. I ~Jt k. W. mf: J-( m -in > B a ;V;.V- >'-i'
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  • SINGAPORE MARKETS
    • 609 8  -  Singapore stands to benefit from a rebound in global trade as it is the most open economy in the region, analysts say STOCKS R SIVANITHY Senior Correspondent NOT surprisingly, a firm Wall Street and expectations that it will continue to remain firm led to
      Source: Bloomberg  -  609 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 1 0 0 0 10 6 1 Manufacturing 82 51 75 7 3 18 89 54 93 Commerce 31 16 25 5 4 5 36 20 30 Tpt/Stor/Comms 17 14 10
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    • 118 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,167 38,167 139,513 139,513 Manufacturing 706,532 52,219 758,751 407,557 2,508 410,065 Commerce 169,821 10,987 180,808 127,840 2,568 130,408 Tpt/Stor/Comms 114,938 663 115,601 170,937 114 171,051 Finance 42,488 42,488 212,053 212,053 Construction 90,655 37,658 128,313 29,343
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    • 110 8 Stock name Close Change CapMallsAsia 2.150 -0.020 CapitaLand 3.850 -0.090 CapitaMall 1.900 +0.020 CityDev 11.000 +0.160 ComfortDelGro 1.590 +0.010 DBS Grp 15.540 +0.060 F&N 4.930 -0.010 Genting SP 0.860 +0.005 Golden Agri 0.615 +0.005 HK Land 5.120 JMH 36.440 +0.380 JSH 21.080 -0.120 Jardine C&C 30.780
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    • BROKERS’ TAKE
      • 334 8 Apr 26 close: US$0.305 DBS GROUP RESEARCH, Apr 26 RESULTS within expectations: Distribution per unit of 0.793 US cents was declared for Q1 2010, on the back of steady US$15.2 million revenue. Operating expenses were 3 per cent higher though, on a sequential basis, owing to vessel
        Source: Bloomberg  -  334 words
      • 268 8 Apr 26 close: $6.91 KIM ENG RESEARCH, Apr 26 SINGLAND posted a better-than-ex-pected Q1 2010 net profit of $48.2 million, accounting for 27.8 per cent of our full-year estimate. Excluding one-off items in Q1 2009, SingLand’s core profit grew marginally by 1 per cent y-o-y, mainly due to
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      • 326 8  -  Compiled by JOYCE HOOI Apr 26 close: $0.685 CIMB RESEARCH, Apr 26 INITIATE with “outperform” and TP of $1.15, based on 11x CY2011 P/E (in line with its peer, Rotary). We see catalysts from strong-er-than-expected order wins and sustainable margins. One of three kings on Jurong Island:
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    • 537 8 CURRENCIES Reuters [NEW YORK] Confusion about the timing and amount of emergency aid for Greece prompted investors to sell the euro yesterday as markets worried about whether the euro zone country will manage to avert a debt default. The euro briefly dipped
      Reuters; AFP  -  537 words
    • 4 8 DAILY
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    • 66 8 Apr 26 VALUE CLOSE BT OB/OS -152.00 +129.0 BT CADI -*****.00 +108.0 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 729.93 +3.18 FTSE ST Small Cap 594.17 -0.34 FTSE ST All Share 743.70 +3.21 FTSE ST China Top 301.26 -0.68 FTSE ST China 313.44 -0.80 FTSE
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    • 56 8 VOLUME GMG Global 100,776,000 China Hongxing 84,585,000 Yangzijiang 75,119,000 Ellipsiz 74,272,000 Baker Tech 66,628,000 FJ Benjamin 48,437,000 Pteris 47,723,000 Genting SP 45,694,000 Sunningdale 37,690,000 FrasersComm 32,852,000 VALUE($) Yangzijiang 106,086,130 Keppel Corp 102,188,510 OCBC Bk 65,149,180 CapitaLand 60,056,615 Noble Grp 53,098,890 DBS Grp 49,517,972 SGX 47,509,385 Wilmar 45,156,390
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    • 108 8 BY CENTS CLOSE UP GLD 10US$ ***** 179.1 1.2 DBXT Nifty 10US$ ***** 109.4 0.7 Jardine C&C 3078 90.0 3.0 DBXT FTChina25 10US$ 3031 69.7 1.7 DBXT MSTaiwan 10US$ 1680 58.8 2.6 JMH 3644 52.0 1.1 Keppel Corp 1044 38.0 3.8 Lyxor China H 10US$ 1599 36.9 1.7 DBXT
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    • 125 8 BY CENTS CLOSE DOWN OCC 3.93% NCPS10 8700 -70.0 -0.8 DBXT S&P Short 10US$ 4884 -61.5 -0.9 Lyxor India Nifty 10 1647 -39.0 -2.3 JSH 2108 -16.4 -0.6 Great Eastern 1578 -12.0 -0.8 Asia Pac Brew 1420 -10.0 -0.7 OCC 5.1% NCPS 100 ***** -10.0 -0.1 DBXT FTVietnam 10US$
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    • 87 8 Where S$ stands Apr 26 CHNG YR 2010 CLOSE FR Apr 23 S$ LOW S$ HIGH US$ 1.3685 0.28 1.4219 1.3685@ Euro 1.8209 0.29 2.0153 1.8209@ Pounds 2.1131 -0.18 2.2831 2.0845 A$ 1.2698 -0.45 1.2960 1.2276 Yen* 1.4551 0.95 1.5927 1.4551@ Rupiah* 0.***** 0.24 0.***** 0.***** Baht* 4.2487 0.28
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  • Page 9 Advertisements
    • 414 9 JBJt gjjEjM »i«i5 We are your smarter with preferred rates of return mm 5^ w ENJOY POTENT AL RETURNS OF UP TO O o t PA Introducing DBS Currency Linked Investment (CLI) A short-term dual currency investment, it allows you to potentially earn higher returns, depending on your risk appetite
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  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • 148 10 MORE than 1,300 companies have signed up for grants to help them re-employ older workers, Manpower Minister Gan Kim Yong said at a conference on inter-generational issues yesterday. Companies now on the Advantage! scheme for which the government set aside $50 million until 2011 have
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      • 114 10 COMPANIES based in Singapore enjoyed more than $700 million in tariff savings last year as a result of the country’s Free Trade Agreements (FTAs). Singapore has 18 FTAs in force, Trade and Industry Minister Lim Hng Kiang said in a written answer in
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    • 484 10  -  Output 13% above consensus; upwards revision of Q1 GDP estimates seen By TEH SHI NING SINGAPORE’s factory output rose 43 per cent in March from a year ago, soaring 13 percentage points past the consensus forecast, thanks to base-ef-fects and surging export
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    • 593 10  -  By RONNIE LIM EXXONMOBIL’s (EM) second petrochemical complex here, costing an estimated US$5 billion, is on schedule with over 50 per cent already completed. And when its Singapore Parallel Train (SPT) starts up in the second half of next year, its products will
      YEN MENG JIIN  -  593 words
    • 592 10  -  By RONNIE LIM THE first charging stations for electric vehicles (EVs) will sprout up at users’ premises, and also shopping malls and public carparks here by end-Novem-ber. This will support the first batch of test EVs which are expected to run on
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    • 696 10  -  WP’s Low Thia Khiang put in spot over his position YESTERDAY IN PARLIAMENT By CHUANG PECK MING OPPOSITION Member of Parliament Low Thia Khiang was put in a tight spot yesterday just before votes were cast for the changes to be made to
      696 words
    • 212 10  -  By WINSTON CHAI SOME 30 per cent of local households have now been equipped with the fibreoptic links needed to boost local broadband speeds by more than one hundred times. The project milestone was unveiled yesterday by OpenNet, the company tasked to
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  • Page 10 Advertisements
    • 197 10 May Pulses out now! MAY 2010 I psceuccDBr flff BUSHES TIMES Pulses PEOPLE Thai Beverage CEO Thapana Sirivadhanabhakdl The men behind Lumiere Capital TOP STORY STILL COMPETITIVE IN HIGH-VALUE MANUFACTURING COMPANIES Olam: The brand behind the brands Genting Singapore: A bumpy ride Keppel Corp: Ready to seize opportunities Enjoy your
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  • Page 11 Advertisements
    • 224 11 PATEK PHILIPPE GENEVE Begin your own tradition. H 'XJ Er n> Cu T3 n "Ofcourse, the acoustics of all minute repeaters have to be tested. In our family-owned the President does it" Every Patek Philippe wristwatch with a minute repeater must pass a final test before it is handed over
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  • SME Inc
    • 929 12  -  Simpler branding programmes and offensive branding strategies are more appropriate for SMEs, reports ABIGAIL KOR ABIGAIL KOR AS THE battle for customers intensifies, more and more SMEs are realising the importance of a strong brand as a strategic asset. Many brand consultants have noticed a marked
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    • 676 12  -  By ABIGAIL KOR ALL branding consultants agree that for a brand to succeed, it needs to differentiate itself from other similar brands in the way in which it appeals to its target audience. Launched in November 2008, Neo Group’s Orange Clove brand is an
      ARTHUR LEE  -  676 words
    • 554 12  -  By ABIGAIL KOR A KEY part of branding is your relationship with customers what your brand implicitly or explicitly promises them and what they perceive the brand to be able to deliver. Thermal Limitec, a locally based passive fire protection specialist, has branded
      ARTHUR LEE  -  554 words
    • 814 14  -  MAJ Aviation has proven adept at diversifying into profitable niche areas in the aviation sector, reports JASLENE PANG JASLENE PANG ENTERPRISE is the engine that propels MAJ Aviation’s dream of soaring higher in the sky of opportunities. “We don’t believe in just staying in business.
      YEN MENG JIIN  -  814 words
    • 864 14  -  By CHEN HUIFEN WHILE other companies were scrambling to survive the dive in consumer sentiment sparked by the economic slowdown in *****009, women’s website CozyCot.com was enjoying the strongest growth since it started up. Revenue more than doubled in those two years as
      ARTHUR LEE  -  864 words
    • 362 14  -  By TEH HOOI LING SOME of the stocks that suffered most during the downturn staged a strong recovery last week, amid growing signs the economy is on the road to sustainable expansion. Fashion retailer FJ Benjamin surged 33 per cent in the week to yesterday. And
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    • 1215 15 THIS WEEK’S TOPIC The anti-government protests in Bangkok have created widespread political and economic turmoil in the country. How has your company coped with the situation? What sort of lessons can be drawn from the Thai crisis about the risks of venturing overseas? Cheryl Tong Managing Director
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  • Page 12 Advertisements
    • 73 12 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
      73 words

  • Page 13 Advertisements
    • 817 13 WORKING is a regular newsletter by the Ministry of Manpower (MOM). In this issue, we discuss the tripartite guidelines on the Re-employment of older employees. Building a globally competitive workforce and a great workplace are MOM's business outcomes in its vision to develop A Great Workforce; A Great Workplace for
      817 words

  • Page 14 Advertisements
    • 58 14 This is the second of a series of features on the 15 finalists of the Emerging Enterprise 2010 Awards. Jointly presented by The Business Times and OCBC Bank, the EE 2010 recognises young SMEs with annual sales of less than $10 million. It is supported by RSM Chio Lim, Spring
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  • Page 15 Advertisements
    • 91 15 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. tifr V, V S: y V™ r n ii St J 5 -> I A; O" v V
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  • Page 16 Advertisements
    • 183 16 "7^ Holland C«(L r I a H >» 1 ■M mas TT|— "n— N—TI-TI -mi p —1 m ft r* n Sfe h—-7 P v is* An exclusive collection of homes. Each a canvas for the expression of your individual lifestyle. Uniquely yours. Twenty-six modern luxury homes. Nineteen unique variations
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  • ECONOMY WATCH
    • 760 17 But Brazil cautions developing countries are still significantly under-represented IMF-WORLD BANK MEETING AFP Reuters [WASHINGTON] In the latest sign of Beijing’s rising global influence, the World Bank on Sunday granted China new clout, making it the institution’s third biggest member, behind the United
      AFP; Reuters; XINHUA  -  760 words
    • 453 17 Survey also shows credit conditions hamper businesses Bloomberg [WASHINGTON] More US companies plan to boost payrolls as sales strengthen and the outlook for economic growth brightens, a quarterly survey of economists showed. The percentage of businesses planning on increasing staff in the next six
      Bloomberg  -  453 words
    • 422 17 Bloomberg [SEOUL] South Korea’s economic growth probably accelerated in the first quarter as rising global demand boosted sales at the nation’s carmakers and electronics manufacturers. Gross domestic product rose 1.5 per cent in the three months through March from the previous quarter, when
      Bloomberg  -  422 words
  • Page 17 Advertisements

  • MALAYSIA/INDONESIA
    • 565 18  -  He says Barisan denied big win due to eroding Chinese support for it By S JAYASANKARAN FORMER Malaysian prime minister Mahathir Mohamed claimed yesterday that race politics played a role in the recently concluded Hulu Selangor by-election because the Barisan Nasional (BN)
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    • 809 18 Low-end sectors like textiles would be hardest hit AP [JAKARTA] Mufardi Rusli’s neighbours hunch over tables covered in brightly coloured fabric, the whirring of their sewing machines echoing across his Jakarta neighbourhood. For Rusli, the sound is a bitter reminder of the US$2 line
      AP  -  809 words
    • 286 18 Bernama [KUALA LUMPUR] Masterskill Education Group Bhd, the biggest operator of non-government nursing colleges in Malaysia, said it will start paying dividends this year as it expands locally and abroad to boost earnings. The company plans to pay as much as 60
      Bernama  -  286 words
    • 404 18 AP [KUALA LUMPUR] An Indian biotech company’s plans to set up laboratories for testing dogs and primates in Malaysia have angered animal rights groups. They contend that the trial subjects could face suffering because the country has no regulations on animal research. India’s
      AP  -  404 words
    • 317 18 Reuters [SINGAPORE] US fund manager Franklin Templeton plans to offer Islamic-compliant equity funds in Malaysia and is setting up a bond investment team in Singapore, a senior executive said yesterday. Templeton has already hired a country head, two analysts and a
      Reuters  -  317 words
    • 218 18 [KUALA LUMPUR] Affin Bank Bhd plans to convert PT Ina Perdana into an Islamic bank when it concludes the purchase of the Indonesian lender. “Our holding company is looking at it, it will acquire the bank and then we will work together
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  • Page 18 Advertisements
    • 217 18 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 pm on 11 May 2010
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  • GREATER CHINA/INDIA
    • 593 19 Market access, policy and regulatory issues and IP rights bigger cause of concern Reuters Bloomberg [BEIJING] US companies working in China are more worried about regulatory and policy issues than about pushing China to revalue its currency, the head of the American
      Reuters; Bloomberg  -  593 words
    • 434 19 They reckon the economic risk now is over-stimulation Bloomberg [BEIJING] China’s economic rebound makes it unlikely that the government will duplicate the 4 trillion yuan (S$802 billion) stimulus adopted during the global financial crisis, economists said. A newspaper report earlier said such a package may
      Bloomberg  -  434 words
    • 470 19 Bloomberg [NEW DELHI] India’s government denied ordering secret taps on the mobile telephones of senior politicians as the opposition paralysed Parliament in a deepening confrontation with the ruling alliance. Outlook news magazine in its latest issue said that sophisticated equipment meant to track terrorist
      Bloomberg  -  470 words
    • 653 19 Focus likely to be politics, with Iran topping the agenda AFP Bloomberg [PARIS] French President Nicolas Sarkozy sets off to China tomorrow for a visit intended to set the seal on a reconciliation, two years after he offended Beijing with comments
      AFP; Bloomberg; AFP FILE PHOTO  -  653 words
    • 566 19 Key ally’s links to Modi causes friction with Congress party Reuters [NEW DELHI] Indian Premier League (IPL) chief Lalit Modi was suspended yesterday after a scandal in cricket’s richest event ensnared top politicians, Bollywood stars and strained the ruling coalition. Mr Modi was
      Reuters; AFP  -  566 words
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  • ASIA-PACIFIC/WORLD
    • 530 20 It says Tokyo should make medium-term fiscal roadmap as concrete as possible Bloomberg [WASHINGTON] The deepening financial crisis of Greece serves as a lesson for Japan, which needs to devise a “credible” fiscal plan to curtail the world’s largest public debt, an
      Bloomberg  -  530 words
    • 356 20 AP [WASHINGTON] The US Treasury Department said yesterday that its first sales of Citigroup stock will cover up to 1.5 billion shares. That would amount to about 20 per cent of the 7.7 billion shares of Citigroup common stock that the
      AP; BLOOMBERG  -  356 words
    • 555 20 AFP [SEOUL] South Korea’s president and thousands of people yesterday mourned the victims of a naval disaster as suspicions grew that a North Korean torpedo tore a warship apart near the tense border. “The Republic of Korea will not forget your
      AFP; REUTERS  -  555 words
    • 562 20 Republicans still fighting for changes, plan to block debate NYT [WASHINGTON] Senate Democrats said on Sunday that they had bridged internal party differences and coalesced around a plan to tighten regulation of derivatives, the complex financial instruments that were a major factor in
      NYT  -  562 words
    • 362 20 Commissions to be banned; advisers legally bound to put clients’ interests first AFP [SYDNEY] Australia yesterday announced sweeping changes to the financial planning industry, including the banning of commissions for advisers, in the wake of several high-pro-file corporate collapses. Under the new rules,
      AFP  -  362 words
    • 241 20 AP [SYDNEY] Fifa president Sepp Blatter’s comments praising a bid by Doha, Qatar for the 2022 World Cup were a “timely reminder” of Australia’s need to remain focused on hosting the event, Football Federation Australia (FFA) said yesterday. Mr Blatter praised the Doha bid’s
      AP  -  241 words
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  • WORLD
    • 589 21 Move tackles court ruling against long-held campaign finance limits Reuters [WASHINGTON] Democrats in Congress plan to unveil tough proposals this week to counter a Supreme Court ruling that allows corporations to spend unlimited amounts on US elections. President Barack Obama, who took
      Reuters  -  589 words
    • 148 21 AFP [NEW YORK] Target Corporation’s mascot dog, Bulls Eye, arriving at Christie’s ‘Green Auction: A Bid to Save the Earth’ here last Thursday. Art collectors, environmentalists and celebrities packed the salesroom on the 40th anniversary of Earth Day, and spent nearly US$2 million to benefit
      AFP  -  148 words
    • 528 21 Bloomberg [CARACAS] President Hugo Chavez said that while Venezuela’s economy may shrink for a second year it isn’t cause for concern since the global slump favours his implementation of socialism. Gross domestic product may have shrunk in the first quarter, Mr Chavez said
      Bloomberg; REUTERS  -  528 words
    • 542 21 Energy giants say move to curb speculation will drive investors to unregulated markets Reuters [WASHINGTON] Some of the biggest players in US energy markets have told the Commodity Futures Trading Commission (CFTC) that its proposal to curb speculation is misguided and will
      Reuters  -  542 words
    • 423 21 AFP [WASHINGTON] US President Barack Obama was set to lay a key plank of his strategy to mend ties with the Islamic world yesterday when he was due to host a summit to boost economic development in Muslim nations. In a step the
      AFP  -  423 words
    • 522 21 Most nations expect to grow via exports but it may not work Reuters [WASHINGTON] The world’s major economies all seem to think their growth prospects are brightening. Some of them are bound to be disappointed. The International Monetary Fund (IMF) cautioned the Group of
      Reuters  -  522 words

  • EDITORIAL & OPINION
    • 487 22 EDITORIAL OVER the next fortnight, a lot of market participants, among others, will be nervously watching what happens to sovereign bond yields in Europe, where a drama is being played out that could have a bearing on the very future of the eurozone. Right
      487 words
    • 1324 22  -  Its ability to thrive amid crisis reflects a focus on improving product design and quality By STEPHEN ROACH ,SHARON LAM Mr Roach is chairman of Morgan Stanley Asia and author of ‘The Next Asia’, and Ms Lam is vice-president of Economic Research at Morgan Stanley
      Morgan Stanley; REUTERS  -  1,324 words
    • 829 22  -  THE BOTTOM LINE ANDY XIE The writer is an independent economist based in Shanghai and was formerly Morgan Stanley’s chief economist for the Asia-Pacific region. The opinions expressed are his own Bloomberg “MY maid just asked for leave,” a friend in Beijing told
      Bloomberg  -  829 words
    • 1450 23  -  Collapse of support for the PM and DPJ party may see change in country’s political, diplomatic and economic directions ANTHONY ROWLEY Tokyo Correspondent ALTHOUGH only eight months old, Japan’s “democratic revolution” already appears to be in jeopardy as Prime Minister Yukio Hatoyama, nominal leader of
      REUTERS  -  1,450 words
    • 827 23  -  LEON HADAR Washington Correspondent DURING a much anticipated speech in New York last week, US President Barack Obama made a push for Wall Street reform just as the US Senate was preparing to debate legislation on overhauling the financial regulatory system. Against
      827 words


  • SHIPPING/AVIATION
    • 516 24  -  Chinese demand will drive the dry bulk and container line markets: Capt Wei By VINCENT WEE [SINGAPORE] The current decade belongs to Asia in general and China specifically. And the biggest name in Chinese shipping, Cosco Group president and CEO Wei Jiafu, was
      CAROLINE CHIA/THE STRAITS TIMES  -  516 words
    • 499 24 AP [BRUSSELS] The European Union Transport Commission will begin work on how to respond to a similar icelandic volcanic eruption which recently forced the closure of European skies. EU Transport commissioner Siim Kallas said that he will begin working this week with
      AP  -  499 words
    • 492 24 Bloomberg Reuters [NEW YORK] UAL Corp’s United Airlines and Continental Airlines are at odds over how to value their planned no-premium stock merger, with negotiations focused on what time period to use for the stock-swap ratio. According to people familiar with the situation,
      Bloomberg; Reuters  -  492 words
    • 395 24  -  Individuals and firms win string of heavyweight awards By JOYCE HOOI LOCAL firms and individuals turned in a solid performance at the Seatrade Asia Awards 2010 last night, winning a string of heavyweight awards at the gala evening at Shangri-La Hotel. S S
      395 words
    • 2810 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 Adelaide LH9771 1745 LH9770 2350 SQ268 1745 SQ269 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0605 AZ3993 0025 SQ323 0605 KL836 0025 US5410 0605
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  • Page 24 Advertisements
  • Page 24 Miscellaneous
    • 344 24 CRYPTIC CROSSWORD Across 1 Make fun of one backing detectives (within law) (8) 5 A drug smuggler with time and charm (6) 9 Plan for rejecting large pastry dishes (9) 11 One glows, seeing the Queen accept one of her own awards (5) 12 Engineers put back try to call
      344 words

  • Page 25 Advertisements
    • 1744 25 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W. Malaysia, Indonesia Destination PACIFIC RICH
      1,744 words
    • 550 25 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 FIDELIO FF008 125 Tons 6.50M 03/05 31/05 08/06 13/06 18/06 16/06 TALISMAN FF009 320 Tons 6.40M 14/05 11/06 14/06 21/06 26/06 01/07 29/06 TOMBARRA FF010
      550 words

  • SHIPPING
    • 533 26 Oil slick from debris of Deepwater Horizon rig grows by 50% in a day AFP [NEW ORLEANS] British oil giant BP used robotic underwater vehicles yesterday to try to cap a leaking well and prevent a growing oil slick in the Gulf of
      AFP  -  533 words
    • 258 26 Bloomberg [HONG KONG] China Cosco Holdings, the world’s largest operator of dry-bulk ships, slumped to an annual loss after rates for hauling commodities and containers tumbled on overcapacity and the global recession. The 7.47 billion yuan (S$1.5 billion) net loss compared with a restated profit
      Bloomberg  -  258 words
    • 278 26 SGX '000 Apr 26 S$ +/-Vol CH Offshore 0.67 -0.01 1606 Chuan Hup Hldgs 0.30 unch 149 Cosco Corp 1.75 -0.04 ***** CWT Ltd 1.00 unch 1118 Ezra Hldgs 2.21 -0.02 5141 First Ship Lease 0.63 -0.01 727 Freight Links 0.06 0.01 3400 Grand Banks 0.47 -0.01 3
      278 words
  • Page 26 Advertisements
    • 821 26 The Shipping Conference will be a one-day event, and will include a welcome address by Capt. Khong Shen Ping, Assistant Chief Executive, Maritime Port Authority of Singapore on the current developments and trends in the shipping industry in Singapore and will provide some insights into the future direction of the
      821 words
    • 346 26 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL SEM JKT SUR BTU SEPANG EXPRESS 2 50 02/05 03/05 05/05 LUNA AZUL 104 35 80 06/05 08/05 11/05 13/05 16/05 BRISA AZUL 109 35 80 09/05 11/05 13/05 15/05 EL
      346 words
    • 431 26 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF HJ GDYNIA 0009W 22/04 30/04 01/05 03/05 HJ KINGSTON 0013W 29/04 07/05 08/05 10/05 HJ DUESSELDORF 0004W 06/05 14/05 15/05 17/05 WILLIAMBURGS BRID 0001W 13/05 21/05 22/05 24/05 Vessel Voy SIN TAO KAN PUS SHA
      431 words

  • SINGAPORE STOCKS
    • 9086 27 Transaction date: Apr 26 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 4.5 3148 8Telecom 17.5cd -0.5 430 17.5 17.5 17 18 1.7 10.3 5.6 83.8 10 4.5 5834
      9,086 words
    • 1736 28 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 7 6 8 38.9 6.7 25 12 8538 t APStrategic 21.5 20 21.5 126.9 4 0.5
      1,736 words
    • 649 28 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 $mil 112 107 6389 ABF SG Bond ETF 109.5 109.1 111 499.8 883 527 CIMBAsean40 100US$ US883 +10 0 883 883 878 882 35.3 306
      649 words
    • 255 28 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 $mil 56 26 6000 AVJennings A49 45.5 54 3.6 7.1 3.9 127.6 31 9.5 6017 Genting HK US$ US20 +0.5 807 20 19.5 19.5 20
      255 words
    • 9347 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.27/ APS Alpha Fund (USD)!** 0.92/ AXA Life Secure Ascent 2020 Fund 0.9489/0.9489 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.73/ Aberdeen Asset Mgt Asia Limited American Opp 0.6719/ Asian Credit Fund 1.2465/ Asian
      9,347 words


  • FINANCE & COMMODITIES
    • 365 29 In local curr In S$ In US$ dy yr dy yr dy yr Apr 23 Index Change Change Change Change Change Change World Index Preliminary 882.4 0.2 6.0 -0.1 2.0 0.1 4.4 EAFE Preliminary 815.1 0.5 3.9 0.2 -2.3 0.4 0.0 Europe Preliminary 1164.8 1.0
      365 words
    • 133 29 Apr 26 As at 9am Apr Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2560 1.2930 Can dollar 1.3600 1.3760 Euro 1.8190 1.8390 NZ dollar 0.9740 0.9940 Sterling pound 2.0960 2.1190 US dollar 1.3590 1.3750 Local dollars to 100 units of
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    • 27 29 Apr 26 Open High Sett STI Apr 2997 SIMSCI Apr 353.7 357.9 356.9 Taiwan Apr 285.0 292.7 291.7 Source: MF Global (S) Pte. Ltd
      27 words
    • 180 29 Apr 26 $S Offer Bid Overnight 1/16 1/32 1-month 3/8 1/8 2-months 1/2 1/4 3-months 5/8 3/8 Overnight mode: 1/16 US$ Offer Bid 7 days 0.30 0.25 1 month 0.36 0.26 2 months 0.38 0.28 3 months 0.40 0.30 6 months 0.53 0.43 9 months 0.90 0.70 12
      180 words
    • 22 29 Apr 26 S$ Bid Offer 1-month 1.3670 1.3684 2-months 1.3670 1.3684 3-months 1.3670 1.3684 6-months 1.3669 1.3683 Source: OCBC
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    • 73 29 Apr 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2573 2557 2581 2568 275 4692 Jun 10 2550 2568 2577 2550 2157 ***** Jul 10 2538 2560 2568 2538 8411 ***** Aug 10 2549 2555
      73 words
    • 362 29 Apr 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.5950 0 2286 Sep10 99.4450 0 803 Dec10 99.1850 0 2165 Mar11 98.8500 0 2430 EUROYEN TIBOR FUTURES Jun10 99.6200 99.6200 99.6200 99.6200 100 4560 Sep10 99.6400 5 3257 Dec10 99.6400 99.6400 99.6400 99.6450 0 1450
      362 words
    • 171 29 Apr 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 411.5 410.0 411.5 9 Jun 10 389.0 Jul 10 355.0 10 Aug 10 345.0 Sep 10 335.0 Oct 10 334.0 330.0 332.0 156 TSR 20 (US cents/kg)
      171 words
    • 88 29 Apr 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 29.07.2010 0.33 0.31 0.31 1-Year BY*****N 01.11.2010 0.35 0.32 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.11 104.15 104.08 5-Year N*****0N 1.375
      88 words
    • 106 29 Apr 23 High/Low SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 1000.00 1004.25 1006.50 996.00 Jul 10 1010.00 1015.00 1017.25 1006.75 Aug 10 1007.00 1011.75 1013.25 1004.00 Sep 10 990.25 996.50 997.00 986.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.35 39.09
      106 words
    • 77 29 CRUDE OIL PRODUCTS Apr 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 86.98 1.67 WTI (Near Mth) 85.10 2.10 Dubai (1-Mth F) 84.34 0.39 Tapis blend 90.85 0.50 Minas 90.55 0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.11 unch Jet Kerosene 95.15 0.40 US$/barrel Opec Oil
      77 words
    • 2484 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.5 unch 1100 1 15 -9 4.78 49 4085 ASJ Hldgs W*****1 5 0.5 66 1 4 1.80 22 2036 Advance SCT Ltd W*****9 0.5 1
      2,484 words
    • 466 29 Apr 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.928 6.340 0.695 7.210 41.155 83.634 0.874 10.253 2.952 1.291 77.983 41.062 1.270 6.849 0.998 29.073 29.904 0.600 0.929 Canada 1.078 6.835
      466 words
    • 85 29 Apr 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 29 Apr 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2695 1.2710 0.9286 0.9288 Canadian dollar 1.3683 1.3703 1.0009 1.0014 Euro 1.8263 1.8282 1.3359 1.3360 NZ dollar 0.9829 0.9852 0.7190 0.7200 Sterling pound 2.1153 2.1177 1.5473 1.5476
      154 words
    • 145 29 Apr 26 GOLD (US$/oz) Apr 26 Apr 23 Hong Kong 1156.50 1140.80 Apr 23 Apr 22 London 1155.85 1135.55 1156.85 1136.55 CAST BAR Apr 26 (S$) Selling Buying Kilobar 54,531.48 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 346.68 254 10gm 619.53 509 20gm 1167.37
      145 words
    • 71 29 Apr 23 Apr 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2302.50 2288.25 3 months 2334.00 2320.00 Copper, Grade A (US$/tonne) Cash 7715.00 7655.25 3 months 7750.00 7690.00 Lead (US$/tonne) Cash 2272.50 2280.75 3 months 2300.00 2308.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 79 29 Apr 23 COCOA (£/tonne) Close Prev High/Low May 10 2305 2264 2320/2263 Jul 10 2336 2291 2350/1289 Sep 10 2304 2260 2315/2257 Dec 10 2259 2224 2270/2227 COFFEE (US$/tonne) Close Pev High/Low May 10 1297 1292 1301/1286 Jul 10 1336 1331 1339/1325 Sep 10 1371 1365 1373/1359 SUGAR (US
      79 words

  • PROPERTY
    • 806 30 HK office rents may rise this year amid more optimistic economic outlook Bloomberg [SINGAPORE] Swire Properties, landlord to Time Warner Inc and Societe Generale in Hong Kong, plans to raise as much as HK$20.8 billion (S$3.7 billion) in an initial public offering, said four
      Bloomberg; BLOOMBERG  -  806 words
    • 300 30 Bloomberg [SEOUL] South Korea’s National Pension Service, the nation’s biggest investor, may buy Berlin’s Sony Center from a Morgan Stanley property fund for about 850 billion won (S$1.05 billion). The pension fund plans to complete the deal by next month after being selected
      Bloomberg  -  300 words
    • 575 31 Phenomenon is seen from Manhattan to Brooklyn; movement supported by mayor AFP [NEW YORK] Urban farming is a growth industry in New York city’s concrete jungle, and with little open land free, agriculturalists and beekeepers have taken to the rooftops to pursue their
      AFP  -  575 words
    • 740 32  -  CDL sells 360 Tree House units; 570 units at Waterbank at Dakota taken up By KALPANA RASHIWALA [SINGAPORE] The next batch of units at Marina Bay Suites will be released by the the project’s developer on Thursday, BT understands. Prices have yet to
      740 words
    • 413 32  -  Increases in demand are pushing prices up, says economist By FELDA CHAY [SINGAPORE] The rising prices seen in the local property market are unlikely to come down anytime soon, even though the market might be near its peak, said CIMB-GK economist Song Seng
      413 words
  • Page 30 Advertisements
    • 990 30 WATS 3 NOTICES AIDEC MANAGEMENT COMPANY PTE. LTD. (In Members' Voluntary Liquidation) Company Reg. No. (UEN) *****5986C NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the abovenamed Company will be held at Nakameguro 2-1-23-208 Meguro-ku, Tokyo 153-0061, Japan on
      990 words
    • 179 30 YOUR KEY TO ABIIBBL BUSINESS SPACH (FOR MARINE! ENGINEERING GENERAL INDUSTRIES) DISCOUNT r PHASE 1 \All sold FOR FIRST UNITS 11 LR a, 5«JG k h 7, °[MMSsalhffei SB lIlASCOVE INDUSTRIAL CENTRE Conveniently located Minutes to AYE/ 2nd Link/ PIE Near 1st Integrated Yard facility in Tuas 60-year Leasehold from
      179 words
    • 149 30 BULK SALE 20% 40% DISCOUNT BRAND NEW PRIME FREEHOLD RESIDENTIAL NEARBY ORCHARD PARAGON 3BDRMS: 2100sf 4BDRMS: 2600 2800sf COMMERCIAL BUILDINGS FOR SALE Site Area: 10,000sf GFA: 115,000sf Site Area: 5,900sf GFA: 16,000sf Site Area: 20,000sf GFA: 94,000sf Site Area: ll,000sf GFA: 35,000sf CBD FREEHOLD ROBINSON RD. CBD 3 STY SHOPHOUSE
      149 words

  • Page 31 Advertisements
    • 336 31 Hilltop Residential Site Ideal for Strata Landed Housing 46 *****.0 sq m 46" 304.3VJ 29.4 sq 1.75 C.P. 4250 C.P.7795 u ffy 95? 6 sq Av £NU C.l»77i« 4379 698.2 sq rr 1.20 C.P***** 7859 1152.5 sqm 1832 7864 6 20 35-2 sqm CP ***** 276 899 G 20 C.P.
      336 words
    • 293 31 Rare Freehold Ground Floor Retail Units In The Heart Of Siglap For Enbloc or Individual Sale By Expressions of Interest Changi Global Indian International School East Coast Road Upper Changi" Flamingo Garden (u/c) South Road ZLD Not drawn to scale. For reference only. Investment 6293 3228 Ground floor retail units
      293 words
    • 64 31 36 KAKI BUKIT PLACE Business Space For Lease w 'if \\t\\ h li E O iM| iiiflnMj is Total floor area of 51,320 sq ft Loading bays with dock levelers, car park at basement Near food centres, bus stops and other amenities Corporate Building for office showroom and light industrial
      64 words

  • Page 32 Advertisements
    • 493 32 Capitalise on Asia's growing financial industry Asia is in an exciting stage of economic development and its financial sector, which mirrors this dynamism, is set to enjoy strong growth potential. UOB Asset Management ("UOBAM") has a highly experienced team in Asian equities as well as the global financial sector. We
      493 words
    • 16 32 For everything you need WATS Personal Business Vehicles BUY IT* SELL IT-FIND IT Properties Travel Education
      16 words