The Business Times, 17 June 2010
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2010-06-17
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The Business Times
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Title Section24 2010-06-17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, June 17, 201024 words
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602 2010-06-17 1 NISHA RAMCHANDANI - It must state whether it intends to make By NISHA RAMCHANDANI [SINGAPORE] The Securities Industry Council (SIC) has given Fortis Healthcare a July 30 deadline to make clear whether it plans to launch a counter-bid for Parkway Holdings, after the Indian group602 words
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Article140 2010-06-17 1 ?ST INDEX 2,846.94 (+28.73) ?ST INDEX FUTURES 2,847 (+29) ?SIMSCI 336.80 (+3.79) ?SIMSCI FUTURES 337.50 (+4.00) FOREX US$ S$ US$ (S$ per US$) 1.395 (US$/S$ per 1.477 2.060 EURO (US$/S$/E) 1.228 1.712 Foreign currency per US$ S$ YEN 91.60 65.70 RM 3.262 2.338 HK$ 7.792 5.586 BAHT 32.42140 words
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Article, Illustration748 2010-06-17 1 UMA SHANKARI, FELDA CHAY - Businesses count the costs and insurers gear up for claims as massive downpour wreaks damage By UMA SHANKARI, FELDA CHAY [SINGAPORE] Businesses in Singapore’s foremost shopping district found themselves under water yesterday as a massive downpour flooded the area for the first time in748 words
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Page 1 Advertisements
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Advertisement138 2010-06-17 1 PROPERTY Mixed views on China market PAGE 32 BizIT Nokia revamps smart phone strategy PAGE 28 S’PORE BUSINESS AWARDS A scintillating silver anniversary PAGES 26,27 HOCK LOCK SIEW Substance, not form, more important for SGX PAGE 8 I I JL Jaeger- leCoultrp> HAVE YOU EVER WORN A REAL WATCH REVERSO138 words
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TOP STORIES
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Article584 2010-06-17 2 Freak flood silences Orchard Road tills BUSINESSES in Singapore’s foremost shopping district found themselves under water yesterday as a massive downpour flooded the area for the first time in more than 25 years. Water cascaded into buildings and stores at the junction of Orchard and Scotts roads, causing584 words
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632 2010-06-17 2 Obama’s senior adviser says there will be no cap on compensation fund [WASHINGTON] BP has agreed to finance a US$20 billion fund to pay the claims of people whose jobs and way of life have been damaged by the devastating632 words
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616 2010-06-17 2 Bloomberg [LONDON] The governments of Norway, Kuwait, China and Singapore have lost £3.4 billion (S$7 billion) on BP plc’s share slide since the Gulf of Mexico oil spill started in April, data compiled by Bloomberg show. The sovereign wealth funds wereBloomberg - 616 words
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Article, Illustration578 2010-06-17 2 Bloomberg [HONG KONG] Billionaire Lee Shau-kee’s Henderson Land Development Co said that the sale of 20 luxury apartments had collapsed, ending HK$2.67 billion (S$478.2 million) in deals that sparked a government inquiry and fuelled efforts to rein in home prices. MostBloomberg - 578 words
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Article70 2010-06-17 2 IN the report “April retail sales drop as car purchases plunge” (BT, June 16), we said retail sales fell 3.8 per cent year on year in March 2010, and that excluding vehicle sales they would have climbed 5.2 per cent. These are at constant prices. At current prices, retail70 words
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Article, Illustration792 2010-06-17 4 RONNIE LIM - It’s looking at LNG trading, generating power from unused cold energy By RONNIE LIM [SINGAPORE] Spinning business opportunities from a necessity. That’s what Singapore LNG Corporation (SLNG) is starting to look at ranging from LNG trading to generating power from unused cold792 words
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439 2010-06-17 4 PAULINE NG - But S’pore telcos’ revenue expected to be hit harder By PAULINE NG A PROPOSAL by Malaysia and Singapore to cut call rates and roaming charges between the two countries is unlikely to make a big dent in telco earnings. But broker439 words
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Article, Illustration636 2010-06-17 6 SAMUEL EE - But in Tong Bldg’s basement carpark, there were some high-end casualties By SAMUEL EE [SINGAPORE] Relatively few sportscars appear to have been caught in yesterday morning’s flood in the Orchard Road area presumably because it was the middle of the week. “MostPHOTOS BY YEN MENG JIIN - 636 words
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444 2010-06-17 6 Move will be good for China and the rest of the world, he says Reuters [HELSINKI] It is in China’s interest to revalue its currency, and from the point of view of the rest of the world it should happenReuters - 444 words
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Advertisement519 2010-06-17 2 KPMG Seminar Series SINGAPORE _~åâáåÖ i~ïë ~åÇ oÉÖìä~íáçåë a~íÉë Day 1: Tuesday, 13 July 2010 1.45pm to 5.45pm Day 2: Wednesday, 14 July 2010 9.00am to 5.45pm As the financial industry evolves post-crisis and new regulations emerge, more will be expected of financial institutions in the area of compliance risk.519 words
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Advertisement19 2010-06-17 2 Lawmakers grill oil firm execs on design, drilling strategy, Page 16 Obama govt sinking in two quagmires, Page 1819 words
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Advertisement221 2010-06-17 3 ORCHARD! SCOTTS Winner of the FIABCI Prix d'Excellence Award 2009 tf 1 1 ✓'I Ml I ffl nil v >- rJi. _l- Jam > HI r at e fc:^r^ M 5 e T-I II BS 3 S a^K r .JBwff i• 4agHMP*2ta The luxury of space In the heart of221 words
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Advertisement1429 2010-06-17 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NEW LAKESIDE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****8395H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of New Lakeside Holdings Limited (the "Company will be held at 168 Robinson Road,1,429 words
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Advertisement399 2010-06-17 4 Jurong LNG terminal could be used for LPG imports too, Page 12 Notice to all shareholders of Parkway Holdings Limited (“Parkway”) from Integrated Healthcare Holdings Limited (“Integrated Healthcare”) INTEGRATED HEALTHCARE WISHES TO ALERT PARKWAY SHAREHOLDERS TO VOTE ON THE PARTIAL OFFER If more than 50% ofVotes Received do not Approve,399 words
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Advertisement316 2010-06-17 5 XP C-\\ x .is v itfT >• X w jet ft .wti n .at ft "%>o. jW 4.4-K v. •V T/' tj Ki» <4 #Ok /> i,y»< a Ifef J§ i V"\N'' r fv-".'• v r "0 a #WF i I"": C 1 V i> v :-'-*yyS \f+ Ac ®if316 words
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Advertisement34 2010-06-17 6 tablaj THE HEARTBEAT OF THE INDIAN COMMUNITY J acebook fears Social networking sites change lines of communication between Indian parents and their children GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST34 words
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Advertisement251 2010-06-17 6 INTHEMATTEROF THECOMPANIES AP50 (“theAct”) ANDINTHEMATTEROF KLUTONINVESTMENTSPTE TD (“theCompany”) (Co. eg. *****964M) NNoottice esolution orMembers’ VVooluntar Liquidation (Pursuant Section290) AAtt anExtraordinar Gener Meeting tthhee Compan held 3AMac nzie RRooad, Singapor 2286 on he fo f of June20 a.m., hefollowing SPECIAL RESOLUTIONS wweerree duly passed: 11.. That he Compan be ound up251 words
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Advertisement21 2010-06-17 7 We listen. And we understand that no two stories are alike. PRUDEISTTIAL1% 1800 333 0 333 www.prudential.com.sg Always listening. Always understanding.21 words
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COMPANY NEWS
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Article, Illustration738 2010-06-17 8 Reserve price of $1.25b works out to a high $4,167 psf ppr THE freehold Tanglin Shopping Centre is on the en bloc trail again, and the reserve price listed in the collective sales agreement (CSA), for which signing has started, isFILE PHOTO - 738 words
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935 2010-06-17 8 IHT [BERLIN] For much of the decade, Singapore Telecommunications (SingTel), the former government phone monopoly of Singapore, has ridden the economic boom in South-east Asia, investing in India, Indonesia, Thailand, the Philippines, Pakistan and Bangladesh alongside an expansionIHT - 935 words
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347 2010-06-17 8 TEH SHI NING - By TEH SHI NING COSCO Corporation (Singapore)’s share price surged yesterday on news that it has won bulk carrier orders worth US$440 million from four European shipowners, but stock analysts cautioned that default risks on these may be higher. Opening four347 words
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371 2010-06-17 8 JAMIE LEE - Offer will be revised only if a competing bid surfaces By JAMIE LEE PRIVATE equity firm Navis Capital Partners which has offered to take Eng Kong Holdings private says it does not plan to revise its offer price unless a competing371 words
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Article, Illustration713 2010-06-17 8 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY ALTHOUGH there are concerns within the ranks of the investing public over the Singapore Exchange’s (SGX) decision to go high-speed with its trading systems, few upon proper reflection would deny that such an upgrade is essential ifFILE PHOTO - 713 words
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416 2010-06-17 9 LYNETTE KHOO - News of deal fuels buying of Bio-Treat shares, pushing its stock up 6.25% By LYNETTE KHOO BOUSTEAD Singapore has, through wholly owned Boustead Knowledge, struck a deal to buy redeemable convertible notes of another listed group, Bio-Treat, for $42.7 million. The notes,416 words
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266 2010-06-17 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI PRIMARY healthcare services provider Parkway Shenton, which is a subsidiary of Parkway Holdings, has opened three new clinics, boosting its total network to 49 clinics and health screening centres in Singapore. The three new clinics were opened at Changi Business266 words
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Article177 2010-06-17 9 WINSTON CHAI - By WINSTON CHAI THE chief executive officer of NCS, the IT services subsidiary of Singapore Telecommunications (SingTel), is retiring, after 30 years of service with the group. SingTel said yesterday that Lim Eng’s last day of service is July 14. Replacing him is Chia177 words
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Article267 2010-06-17 9 Pictet-Absl Rtn Glo Cons-P EUR 11.06.2010 EUR 97,63 Pictet-Absl Rtn Glo Div-P EUR 11.06.2010 EUR 107,12 Pictet-Asian Equities Ex Japan-P USD 11.06.2010 USD 151,41 Pictet-Asian Local Currency Debt-P USD 11.06.2010 USD 128,79 Pictet-Biotech-P USD 11.06.2010 USD 256,98 Pictet-CHF Liquidity-P 11.06.2010 CHF 124,14 Pictet-Clean Energy-P USD 11.06.2010 USD 70,52267 words
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COMPANY BRIEFS
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65 2010-06-17 9 YANLORD Land Group and Ho Bee Investment have, through their joint venture company Yanlord Ho Bee Investments, acquired six prime residential development sites with an area of 186,444 sq m and a total planned gross floor area of about 387,597 sq m in65 words
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92 2010-06-17 9 KS Energy Services has announced new contracts for its land rigs. The KS Discoverer 1 which has been transferred to Gulf Keystone Petroleum International Ltd, has received a one year contract renewal on the same terms that were previously announced. The value of the92 words
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49 2010-06-17 9 CREATIVE Technology yesterday said that it has divested its entire interest in an associated company Wireless Audio IP BV for US$5.3 million. This is expected to yield an investment gain of about US$4.8 million for Creative, for the current quarter ending June 30.49 words
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Page 9 Advertisements
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Advertisement256 2010-06-17 9 *1 m X My Pride, My Joy, My Girls, My Life. My life is surrounded by the people I love. My girls are the reason my husband and I live such full lives. As their mother, I want them to have the freedom to realize their dreams and achieve their256 words
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SINGAPORE MARKETS
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Article, Illustration614 2010-06-17 10 VEN SREENIVASAN - The risk is Asian markets still look to Western markets for direction despite the strong regional economic rebound STOCKS VEN SREENIVASAN Senior Correspondent IF you selectively accumulated stocks, especially mid-caps, in the past two weeks, you’ll probably be sitting on a 5-10 per centSource: Bloomberg - 614 words
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Article186 2010-06-17 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 5 0 0 0 8 3 5 Manufacturing 89 23 57 4 2 12 93 25 69 Commerce 25 17 18 2 3 5 27 20 23 Tpt/Stor/Comms 24 4 14186 words
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Article119 2010-06-17 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,330 22,330 110,600 110,600 Manufacturing 339,967 15,563 355,530 232,912 975 233,887 Commerce 111,085 14,279 125,364 124,292 5,592 129,884 Tpt/Stor/Comms 138,143 1,351 139,494 227,593 190 227,782 Finance 19,327 19,327 169,949 169,949 Construction 18,256 5,965 24,221 7,365119 words
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Article113 2010-06-17 10 Stock name Close Change CapMallsAsia 2.170 +0.040 CapitaLand 3.800 +0.050 CapitaMall 1.910 +0.050 CityDev 10.700 -0.200 ComfortDelGro 1.420 DBS Grp 13.700 -0.060 F&N 4.970 +0.040 Genting SP 1.110 +0.020 Golden Agri 0.545 +0.020 HK Land 5.110 +0.020 JMH 36.640 +0.100 JSH 20.980 -0.040 Jardine C&C 30.780113 words
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BROKERS’ TAKE
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Article, Illustration340 2010-06-17 10 June 16 close: $2.06 DMG PARTNERS SECURITIES, June 16 INCREASED Sebuku production in FY11 will go to Japan: Taiwan’s share of Straits Asia Resources (SAR) revenue could decrease, while Japan’s is expected to increase. We see this as a positive since Japan buyers are regarded by coalSource: Bloomberg - 340 words
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Article340 2010-06-17 10 Corp June 16 close: $1.51 KIM ENG, June 16 COSCO has signed 11 contracts and four letters of intent worth around US$440 million with four European shipowners to build 11 units of 57,000 dwt bulk carriers and four units of 82,000 dwt bulk carriers. Deliveries of the vessels340 words
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Article312 2010-06-17 10 LYNETTE KHOO - Property DBS GROUP RESEARCH, June 16 Compiled by LYNETTE KHOO May residential sales emerged as the weakest month year to date with primary market sales of 1,078 units, down 51 per cent month-on-month. This brings sales for the first five months of the year to 7,731 units or312 words
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Article, Illustration503 2010-06-17 10 CURRENCIES strengthening franc, they said. Reuters [NEW YORK] The euro fell against the US dollar yesterday, retreating from an earlier two-week high, as fresh concerns about Spain’s credit and banking system undermined sentiment. The premium investors demand to hold 10-year Spanish governmentstrengthening franc, they said. – Reuters; REUTERS - 503 words
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Article66 2010-06-17 10 Jun 16 VALUE CLOSE BT OB/OS 736.00 +52.0 BT CADI -*****.00 +175.0 BT 10-day MA -*****.00 +74.00 FTSE ST Mid Cap 690.58 +5.25 FTSE ST Small Cap 528.60 +6.16 FTSE ST All Share 702.15 +6.88 FTSE ST China Top 263.71 +3.21 FTSE ST China 292.02 +2.24 FTSE66 words
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Article59 2010-06-17 10 VOLUME Golden Agri 78,992,000 Genting SP 77,440,000 Z-Obee Hldgs 57,903,000 Healthway 47,772,000 China Hongxing 43,000,000 Cosco Corp 34,147,000 NOL 31,325,000 Noble Grp 29,352,000 Yangzijiang 24,562,000 Sinotel Tech 21,059,000 VALUE($) Keppel Corp 88,466,944 Genting SP 85,928,870 CapitaLand 63,816,514 NOL 63,543,960 UOB 55,424,420 Noble Grp 55,156,755 DBS Grp 53,423,98059 words
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Article111 2010-06-17 10 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 309.5 2.0 DBXT E50 10US$ 3642 225.9 4.7 GLD 10US$ ***** 156.2 0.9 Lyxor Europe 10 US$ 1114 124.1 8.7 Jardine C&C 3078 88.0 2.9 DBXT MSEurope 10US$ 3790 64.1 1.2 DBXT FTChina25 10US$ 2928 55.8 1.4 Pru 500US$ 833 41.8111 words
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Article117 2010-06-17 10 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5277-125.5 -1.7 OCC 3.93% NCPS10 8820 -30.0 -0.3 CoscoCorMBLeCW*****2 30 -24.0 -44.4 CityDev 1070 -20.0 -1.8 OUE 1230 -18.0 -1.4 UOB 5.05%NCPS 100 ***** -10.0 -0.1 SGX RB ePW*****9 15 -9.0 -37.5 CapitalanRBePW*****9 12 -7.0 -36.8 Elec Eltek 226 -7.0 -2.2117 words
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Article87 2010-06-17 10 Where S$ stands Jun 16 CHNG YR 2010 CLOSE FR Jun 15 S$ LOW S$ HIGH US$ 1.3946 0.36 1.4219 1.3680 Euro 1.7148 -0.63 2.0153 1.6886 Pounds 2.0648 -0.41 2.2831 2.0003 A$ 1.2041 -0.90 1.2960 1.1515 Yen* 1.5218 0.84 1.5927 1.4467 Rupiah* 0.***** 0.13 0.***** 0.***** Baht* 4.3043 0.2587 words
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Advertisement207 2010-06-17 11 Congratulations on th e Official Opening of STUDIO _M HOTEL ii'iifSljii 1 IP F W j •r f as ■Vi--. M /La —i!/ 13* mi! m. Bfl T is as :4X~ jr. J Ji^ .W5 A Quintessential Living Experience No. 3 Nanson Road, Singapore *****0 Telephone +65 6808 8888 Facsimile207 words
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SINGAPORE NEWS
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Article, Illustration568 2010-06-17 12 RONNIE LIM - S’pore LNG looking at the potential of bringing in refrigerated LPG By RONNIE LIM SINGAPORE’s LNG terminal, currently under construction on Jurong Island, could potentially play a dual role as an LPG import terminal as well, bringing in LPG (liquefied568 words
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Article, Illustration590 2010-06-17 12 CHEN HUIFEN - Firms must not take country’s security for granted: Shanmugam By CHEN HUIFEN LAW Minister K Shanmugam has reminded SME leaders that they, like other companies, play a significant role in ensuring Singapore remains a stable and secure place. “The point is, itARTHUR LEE - 590 words
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Article, Illustration255 2010-06-17 12 SINGAPOREAN Michael Hwang has been appointed Chief Justice of the Dubai International Financial Centre (DIFC) Courts, following the former chief justice Anthony Evans’ decision to retire. Justice Anthony Colman will replace Justice Hwang as Deputy Chief Justice of the DIFC Courts. Sheikh Mohammed Bin255 words
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243 2010-06-17 12 NATIONAL water agency PUB will release a new document on the island’s water management strategy during this month’s Singapore International Water Week (SIWW). The agency will also spell out its long-term plans to increase water supply to meet demand for the next243 words
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258 2010-06-17 12 ALMOST 70 per cent of donors to the National Heritage Board’s fund-raising event this year are first-time donors. The donors 16 individuals and 69 corporations come from diverse fields ranging from finance and architecture to real estate, and many will be present at258 words
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298 2010-06-17 12 UMA SHANKARI - By UMA SHANKARI A 3.5-hectare industrial site at Ubi Road 1 is up for sale by public tender, the Urban Redevelopment Authority (URA) said on Tuesday. The plot is one of two industrial sites launched for sale from the confirmed list of the298 words
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SINGAPORE ROUNDUP
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47 2010-06-17 12 GREENWAVE Reality yesterday announced the expansion of its global R&D operations in Singapore for its home energy management platform. In addition to support from the Economic Development Board, the project has received funding from Californian clean technology fund Craton Equity Partners.47 words
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62 2010-06-17 12 LOCAL search engine, Rednano.sg has launched a new feature so users can get into the spirit of the Fifa World Cup. From now until the finals, Rednano users can find listings of restaurants, pubs, coffee shops and community centres screening matches “live” when they enter62 words
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58 2010-06-17 12 COMMUNITY Chest has partnered Hoteliers with a Heart to raise funds for the needy through Social Help and Assistance Raised by Employees or Share, a workplace giving programme in which employees can donate any amount on a monthly basis to help the less58 words
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83 2010-06-17 12 BUSINESS space provider Ascendas will boost the energy efficiency of two of its buildings by overhauling their chillers. Ascendas has so far invested more than $10 million in energy management initiatives for its local and overseas properties. And more upgrades are on the83 words
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214 2010-06-17 12 SINGAPORE Cruise Centre and Shanghai Wusongkou International Cruise Terminal Development yesterday announced the formation of the Asia Cruise Terminal Association (ACTA). Cruise terminals, port members and owners from the region were approached to be part of the association, and discussions are in progress. An214 words
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ECONOMY WATCH
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Article, Illustration1003 2010-06-17 13 It has to reassure investors it can service its mounting financial debt NYT [NEW YORK] Spain is battling to convince sceptical investors that it can continue to service its mounting financial obligations. At a closely watched auction for 12- and 18-month bills onNYT; REUTERS - 1,003 words
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253 2010-06-17 13 Reuters [SEOUL] South Korean Prime Minister Chung Un-chan warned yesterday that inflation would pick up in the second half with economic recovery and the country needed to brace for upward price pressures. “Currently, inflation is staying around 2 per cent.Reuters - 253 words
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Advertisement115 2010-06-17 13 Gmirates.com/sg 2 m Emirates m SB is Had style. Fly First Class to or via Dubai and experience Armani Hotel Dubai for two nights. Fly Business Enjoy complimentary hotel nights in Dubai. JGIEnm 'if si''... 1 n N Class and stay at The Address Downtown Dubai for one night. In115 words
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MALAYSIA/INDONESIA
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615 2010-06-17 14 S JAYASANKARAN - Minister explains how RM4b cash hoard has dwindled to RM400m By S JAYASANKARAN THE Malaysian government yesterday refuted allegations made by a former deputy minister that the state-owned Federal Land Development Authority (Felda), had mismanaged its more than RM4 billion (S$1.7 billion) cash hoard.615 words
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535 2010-06-17 14 Reuters [JAKARTA] Indonesia’s central bank said it would issue longer-dated debt and widen its overnight policy corridor in a bid to manage strong capital inflows and divert them away from the short end of the market. It also imposed a one-monthReuters - 535 words
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224 2010-06-17 14 and banking sector. Reuters [JAKARTA] Indonesian flag carrier Garuda Indonesia has reached a settlement on its debt, paving the way for it to proceed with a US$400 million initial public offering this year, the state-owned enterprises minister said on Tuesday. Mustafa Abubakar, state-ownedand banking sector. – Reuters - 224 words
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Page 14 Advertisements
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Advertisement63 2010-06-17 14 Do you know this logo? L J A <1 I I I In in cash! Simply logon to WWW.doyOllknOW.Sg and tell us which directories this logo belongs to and be in the draw to win $100,000, $15,000 worth of multimedia products, as well as one of many weekly attractive prizes.63 words
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GREATER CHINA/INDIA
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Article, Illustration669 2010-06-17 15 But it is not expected to raise interest rates before July 27 meeting Reuters [MUMBAI] A top Indian central banker signalled that the Reserve Bank of India (RBI) will continue to tighten monetary policy but warned against overreacting amid global economic uncertainty, castingReuters; BLOOMBERG - 669 words
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408 2010-06-17 15 AP [WASHINGTON] US business groups on Tuesday criticised China’s government for recent proposals that could discriminate against US software, computer and clean-energy companies. One proposal, first issued late last year, would encourage Chinese government agencies to purchase high-tech goods from companies that develop theAP - 408 words
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518 2010-06-17 15 Reuters [HONG KONG] Chinese workers whose strike shut a Honda lock maker haggled with managers yesterday over a wage proposal intended to end the latest in a series of disputes highlighting growing labour assertiveness. The strike at Honda Lock is the most recent flare-upReuters - 518 words
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398 2010-06-17 15 magazine in February. Reuters [SHANGHAI] Agricultural Bank of China (AgBank), which is seeking to raise more than US$23 billion in what would be the world’s biggest initial public offering, said it will launch the Shanghai portion of its IPO this week. AgBank alsomagazine in February. – Reuters - 398 words
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Article, Illustration421 2010-06-17 15 AFP [NEW DELHI] Suspended Indian Premier League chief Lalit Modi has replied to new charges over irregularities in awarding cinema rights for the glitzy cricket tournament, his lawyer said yesterday. Mr Modi signed a 10-year deal worth US$71 million with a Du-bai-basedAFP; AP - 421 words
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Article287 2010-06-17 15 Bloomberg [ULAANBAATAR, Mongolia] Hong Kong Exchanges Clearing Ltd has met Mongolian mining companies seeking to list in the city, said chief marketing officer Lawrence Fok, who is in the North Asian country for a forum on corporate capital raising. Hong Kong Exchanges, which operates Asia’sBloomberg - 287 words
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Page 15 Advertisements
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Advertisement81 2010-06-17 15 Hurry!Only8,000spotsleft the new paper BigWalk Register this weekend (June 19 and 20) at any of the following venues: The Singapore Flyer, Sky Deck (car park rooftop) FairPrice Finest at Marine Parade Central FairPrice Supermarket at Clementi Ave 3 FairPrice Supermarket at Toa Payoh Lorong 6 Time: 11am to 8pm Fee:81 words
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ASIA-PACIFIC/WORLD
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Article, Illustration609 2010-06-17 16 AP [WASHINGTON] Top executives from four major oil companies questioned the design and drilling strategy on Tuesday of BP’s ill-fated well in the Gulf of Mexico, but conceded the entire industry was not well-equipped to deal with a major blowoutAP - 609 words
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Article, Illustration709 2010-06-17 16 Reuters [PARIS] After one of the longest drumrolls in history, France finally announced a substantial reform of its generous pay-as-you-go pension system yesterday, but it won’t be sufficient to solve the problem. Raising the legal retirement age gradually to 62 in 2018 breaks aReuters; AFP - 709 words
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274 2010-06-17 16 AFP [MADRID] Spain’s socialist cabinet approved yesterday a contested reform of the labour market that is deemed crucial for reviving the economy, Deputy Prime Minister Maria Teresa de la Vega said. “It is a necessary labour reform, of the future, one of the most importantAFP - 274 words
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Article, Illustration252 2010-06-17 16 Reuters [SYDNEY] Southern Ocean sperm whales offset their carbon footprint by defecating, scientists said yesterday, releasing tonnes of iron a year that stimulates the growth of phytoplankton, which in turn absorb carbon dioxide. Each whale releases about 50 tonnes of iron a year, their naturalReuters; STOCK.XCHNG - 252 words
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559 2010-06-17 16 ANTHONY ROWLEY - Its long-term vision is to reduce reliance on fossil fuels and develop alternatives By ANTHONY ROWLEY JAPAN will put forward a long-term vision for energy security when energy ministers from the 21 members of the Asia-Pacific Economic Cooperation forum (Apec) gather in559 words
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521 2010-06-17 16 LATEST US DATA Reuters Bloomberg [WASHINGTON] US housing starts fell more than expected last month to their lowest level in five months, a government report showed yesterday, as a popular homebuyer tax credit that had buoyed construction activity over the pastReuters; Bloomberg - 521 words
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WORLD CUP
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Article, Illustration542 2010-06-17 17 Chile clinch first World Cup win in 48 years by beating Honduras 1-0 AP Reuters [DURBAN] Switzerland pulled off the biggest shock of this World Cup when they beat European champions Spain 1-0 in Group H yesterday, their first ever victory over their opponentsAP; Reuters - 542 words
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Article, Illustration749 2010-06-17 17 MALMINDERJIT SINGH - An economic boost or downer? By MALMINDERJIT SINGH [SINGAPORE] DOES the World Cup really influence the state of the global economy? There are signs to show that there may be a stronger link than one would think between the tournament and certain economic indicators. In the last few months, theAP - 749 words
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Advertisement454 2010-06-17 17 MAT3 i r" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF G-Log Ltd. (INMEMBERS’ UNTAR LIQUID TION) CO.REG. O.*****4985C NNOOTICE HEREB GIVENpursuant Section308(1) heCompaniesAct, Cap. 50, hat Final Meeting he Member heabo namedCompan will beheld Cross #17-00 PW Building Singapor454 words
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Advertisement4 2010-06-17 17 H«SIWt»® eWS r111 www.radio9l3.com4 words
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EDITORIAL & OPINION
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539 2010-06-17 18 EDITORIAL HOW will the Deepwater Horizon oil spill be accounted for in terms of GDP or GNP, the current measurements of economic prosperity? The massive ongoing oil spill in the Gulf of Mexico is now considered the largest offshore spill in US history and among the539 words
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Article, Illustration1287 2010-06-17 18 LEON HADAR - President is in danger of losing balance and falling over the Gulf oil spill and Afghan war LEON HADAR Washington Correspondent US PRESIDENT Barack Obama addressed the nation from the White House Oval Office yesterday the dramatic backdrop has been used by otherAFP - 1,287 words
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863 2010-06-17 18 PRATAP NAMBIAR - THE BOTTOM LINE By PRATAP NAMBIAR The writer is the executive in residence at the National University of Singapore Business School. He is the founder and chief executive of Thought Perfect Pte Ltd TONY Hayward, the CEO of BP,863 words
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Article, Illustration1092 2010-06-17 19 ANTHONY ROWLEY - The IMF and World Bank seem to be overdoing it again, trumpeting the region’s economic development potential ANTHONY ROWLEY Tokyo Correspondent IN a heroic leap of faith, the International Monetary Fund (IMF) declared in a report published this week that the Asian economy,AFP - 1,092 words
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792 2010-06-17 19 ANAND SRINIVASAN - By ANAND SRINIVASAN The writer is associate professor, Finance and Banking, at the NUS Business School. He specialises in banking, bankruptcy, and executive stock options. Sreedhar Bharath, Sandeep Dahiya, and Anthony Saunder collaborated in the research. It was published in ‘Journal of Financial Economics’792 words
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LETTERS TO THE EDITOR
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253 2010-06-17 19 Lawrence Lee - Lawrence Lee Director, Operations SP Services I REFER to the article, “Differing impacts of peer comparison”, by Yohanes Eko Riyanto (BT, June 16). The article highlighted that the SP Services utility bill provided information comparing individual household usage with the national average usage253 words
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746 2010-06-17 19 Wilson L Chua - Wilson L Chua I TOTALLY agree with the letter “NBN must come with faster link to the world” by Wong Weng Fai (BT, June 16). The Next Generation Broadband Network’s gigabit links would be of limited use unless it is matched746 words
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AVIATION
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420 2010-06-17 20 VEN SREENIVASAN - 1.1 per cent y-o-y increase in April despite Iceland’s volcanic ash disruption By VEN SREENIVASAN [SINGAPORE] Premium air travel held up in April, despite the European airspace shutdown after Iceland’s Eyjafjallajokull volcano erupted. Figures from the International Air Transport Association (Iata) show worldwide international passenger420 words
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Article2973 2010-06-17 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ458 1410 EY473 1950 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7268 1745 VS7279 2350 9W4081 1820 AF8087 1820 BA7381 1820 JL5084 1820 QF81 1820 Amsterdam SQ323 0605 AZ3993 0025 US5410 0605 KL836 0025 AZ39922,973 words
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236 2010-06-17 20 AFP [STRASBOURG] European Union (EU) nations should decide on their own whether to use body scanners at airports, but the technology employed must be up to EU standards, the European Commission said on Tuesday. “It is for each member state to decideAFP - 236 words
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Article, Illustration615 2010-06-17 20 Unions look to roll back concessions as industry rebounds Reuters [WASHINGTON] The strike at Spirit Airlines illustrates to other US carriers that labour is equipped and ready to push as hard as possible for richer contracts in a rebounding industry. “This isReuters; AFP - 615 words
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125 2010-06-17 20 AP [STOCKHOLM] Union officials say that some 2,000 pilots have gone on strike in Sweden, stalling almost all domestic flights and affecting around 23,000 passengers. Members of The Swedish Air Transport Industry Employers’ Association are protesting four airlines’ plans to employ pilots onAP - 125 words
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4128 2010-06-17 21 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.4,128 words
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Page 20 Miscellaneous
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Miscellaneous392 2010-06-17 20 CRYPTIC CROSSWORD Across 1 Food fad is ultra silly (5,5) 6 Security group must contribute to plan at once (4) 9 A name given to some French mountains (5) 10 Part of the country in which you’ll find more than one riding (9) 12 Postman, for instance, caught by ’ound392 words
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Page 21 Advertisements
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SHIPPING
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462 2010-06-17 22 Kenya, Seychelles get help to improve courts, put piracy suspects on trial AP [NAIROBI, Kenya] Donors will spend US$9.3 million to help Kenya and Seychelles prosecute suspected Somali pirates and improve those countries’ criminal justice systems, a UN official said. Although a coalitionAP - 462 words
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Article, Illustration391 2010-06-17 22 Charter rates on Saudi-to-Japan route rise 1.5% Bloomberg [LONDON] The market for supertankers competing to haul cargoes of Middle East crude oil moved into balance for the first time in two months as vessel supply shrank on Chinese demand. There are just enoughBloomberg; BLOOMBERG - 391 words
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191 2010-06-17 22 Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity-shipping costs that’s tumbled 28 per cent during its longest losing streak this year, may decline further, according to technical analysis by Barclays Capital. The gauge fell to 3,020 points on Tuesday, extendingBloomberg - 191 words
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270 2010-06-17 22 Ships told to stay vigilant to prevent boardings by pirates AFP [KUALA LUMPUR] A global maritime watchdog yesterday warned of increasing pirate attacks in the south of the South China Sea following six incidents in as many days in waters offAFP - 270 words
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249 2010-06-17 22 Bloomberg [SINGAPORE] Hanjin Shipping Co, South Korea’s largest shipping line, led gains among seafarers in Asia on speculation faster-than-ex-pected increases in trade volume will boost profit. Hanjin Shipping gained 11 per cent, the biggest climb since the stock started trading onBloomberg - 249 words
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Page 22 Advertisements
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Advertisement29 2010-06-17 22 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES29 words
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Advertisement33 2010-06-17 22 Experienced sHf p maintenance services wanted Can they find your services Here in -the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WO IMG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES33 words
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SINGAPORE STOCKS
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Article8832 2010-06-17 23 Transaction date: Jun 16 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 7 3148 8Telecom 15.5 +1 180 15.5 15 15 16 1.7 11.7 5 74.2 10 5.5 58348,832 words
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Article1639 2010-06-17 24 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 6 5 7 33.3 5.8 25 13 8538 t APStrategic 16 -1.5 18 16.5 16 161,639 words
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Article703 2010-06-17 24 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 $mil 116 107 6389 ABF SG Bond ETF 110 -2 2 110 110 110 116 502.1 883 610 CIMBAsean40 100US$ US830 +7 5 830 830703 words
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Article255 2010-06-17 24 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 $mil 56 27 6000 AVJennings A43.5 40 47 3.6 8 3.5 113.3 31 13 6017 Genting HK US$ US17 unch 1309 17 17 16.5 17.5255 words
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Article9496 2010-06-17 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.82/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.63/ Aberdeen Asset Mgt Asia Limited American Opp 0.6067/ Asian Credit Fund 1.2468/ Asian9,496 words
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FINANCE & COMMODITIES
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374 2010-06-17 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 15 Index Change Change Change Change Change Change World Index Preliminary 811.9 1.0 -2.5 1.1 -6.2 1.1 -5.6 EAFE Preliminary 750.9 0.4 -4.3 0.8 -11.8 0.7 -11.2 Europe Preliminary 1086.4 0.7374 words
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Article132 2010-06-17 25 Jun 16 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1930 1.2280 Can dollar 1.3490 1.3650 Euro 1.7050 1.7240 NZ dollar 0.9640 0.9840 Sterling pound 2.0500 2.0730 US dollar 1.3850 1.4000 Local dollars to 100 units of foreign132 words
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Article26 2010-06-17 25 Jun 16 Open High Sett STI Jun 2847 SIMSCI Jun 334.4 339.0 337.5 Taiwan Jun 263.9 266.9 Source: MF Global (S) Pte. Ltd26 words
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Article180 2010-06-17 25 Jun 16 $S Offer Bid Overnight 0.03 0.01 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12180 words
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Article22 2010-06-17 25 Jun 16 S$ Bid Offer 1-month 1.3940 1.3955 2-months 1.3938 1.3953 3-months 1.3981 1.3951 6-months 1.3932 1.3947 Source: OCBC22 words
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Article66 2010-06-17 25 Jun 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2450 2464 2467 2448 1131 ***** Aug 10 2405 2420 2423 2395 7533 ***** Sep 10 2386 2380 2390 2367 8245 ***** Oct 10 2369 237266 words
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Article364 2010-06-17 25 Jun 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.2950 0 3025 Dec10 99.1850 0 753 Mar11 99.0750 0 1475 Jun11 98.9050 0 2053 EUROYEN TIBOR FUTURES Sep10 99.6500 99.6500 99.6350 99.6350 271 4392 Dec10 99.6400 158 1472 Mar11 99.6000 99.6450 99.6000 99.6450 200 2010364 words
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Article139 2010-06-17 25 Jun 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 368.0 365.0 368.0 10 Aug 10 343.5 340.0 343.5 44 Sep 10 327.0 Oct 10 317.0 Nov 10 312.0 Dec 10 307.5 Jan 11 307.5 192 Feb139 words
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Article86 2010-06-17 25 Jun 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 16.09.2010 0.32 1-Year BY*****W 03.05.2011 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.80 103.85 103.82 5-Year N*****0N 1.375 01.10.2014 102.15 7-Year N*****0Z86 words
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Article105 2010-06-17 25 Jun 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 949.50 951.50 961.75 945.00 Aug 10 935.50 936.25 946.75 933.25 Sep 10 920.00 920.25 931.25 918.00 Nov 10 915.50 916.25 926.25 912.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.81 37.39 37.90105 words
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Article77 2010-06-17 25 CRUDE OIL PRODUCTS Jun 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.56 -0.01 WTI (Near Mth) 76.86 1.60 Dubai (1-Mth F) 74.60 -0.87 Tapis blend 79.55 -0.55 Minas 79.00 -0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 71.67 -0.66 Jet Kerosene 85.60 -0.80 US$/barrel Opec Oil77 words
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2376 2010-06-17 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 12 5.33 47 4085 ASJ Hldgs W*****1 3 unch 19 1 4 8 2.17 20 2036 Advance SCT Ltd W*****9 0.5 1 872,376 words
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Article465 2010-06-17 25 Jun 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.888 5.892 0.702 6.718 40.021 79.004 0.790 10.446 2.812 1.243 73.632 39.801 1.203 6.572 0.976 27.764 27.954 0.584 0.862 Canada 1.127 6.638465 words
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Article85 2010-06-17 25 Jun 16 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-06-17 25 Jun 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2019 1.2036 0.8621 0.8624 Canadian dollar 1.3541 1.3561 0.9713 0.9717 Euro 1.7114 1.7134 1.2275 1.2277 NZ dollar 0.9673 0.9687 0.6938 0.6941 Sterling pound 2.0588 2.0616 1.4767 1.4772154 words
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Article139 2010-06-17 25 Jun 16 GOLD (US$/oz) Jun 16 Jun 15 Hong Kong closed closed Jun 15 Jun 14 London 1225.30 1218.85 1226.10 1219.35 Source: Thomson Reuters CAST BAR Jun 16 (S$) Selling Buying Kilobar 59,214.87 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132.68 55 5gm 376.64 276 10gm 673.03139 words
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Article71 2010-06-17 25 Jun 15 Jun 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1981.00 1963.25 3 months 2012.00 1994.00 Copper, Grade A (US$/tonne) Cash 6653.50 6635.25 3 months 6680.00 6660.00 Lead (US$/tonne) Cash 1737.00 1692.75 3 months 1759.00 1715.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2010-06-17 25 Jun 15 COCOA (£/tonne) Close Prev High/Low Jul 10 2464 2485 2493/2460 Sep 10 2348 2351 2366/2338 Dec 10 2270 2277 2289/2258 Mar 11 2231 2235 2248/2224 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1551 1568 1578/1540 Sep 10 1570 1558 1593/1532 Nov 10 1579 1563 1602/1538 Jan 1182 words
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SINGAPORE BUSINESS AWARDS 2010
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Article, Illustration701 2010-06-17 26 TEH SHI NING - By TEH SHI NING IN A rapidly changing world, the entrepreneurs who succeed are those who revel in change, adapting swiftly and in the right way, say the winners of this year’s Singapore Business Awards. A guest list of some 850 Who’s Who of the localPhotos by: JOHN HENG and FUSHENG YAM - 701 words
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BizIT
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Article, Illustration1020 2010-06-17 28 AMIT ROY CHOUDHURY - Finnish phone maker rationalises device line-up and OS, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY FINNISH phone maker Nokia, under pressure in the lucrative smart phone market from new entrants like Apple and Google, has adopted a new strategy to keep its market leadership. Jo1,020 words
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582 2010-06-17 28 RAJU CHELLAM - By RAJU CHELLAM THE sweep of Skype, that started with PCs and moved on to mobile phones, will now transfer to TV sets. From next week, Singapore residents can buy specially outfitted Viera HDTV (high-definition TV) sets made by Panasonic582 words
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477 2010-06-17 28 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY INTERNET users in Singapore can expect faster speeds with less lag time as two Internet exchange points (IX) have started operating out of Singapore. Singapore Internet Exchange (SGIX), which is a vendor neutral provider of Internet exchange services, has announced477 words
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430 2010-06-17 28 CHAN YUPING - By CHAN YUPING WITH football fever in the air, Fifa World Cup 2010’s lead sponsor Sony Electronics made waves at BroadcastAsia this week when it showcased its range of cut-ting-edge 3D and high definition (HD) broadcast and production solutions. Up to430 words
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Page 28 Advertisements
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Advertisement21 2010-06-17 28 Lianhe Zaobao NYDC Cafe& Restaurant's MD describes his business as "Goldmine Cheese" NYDCiW^IIiM^ To subscribe, call 6B88-3838 or go to sphsubscription.com.sg21 words
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Advertisement74 2010-06-17 28 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 IT74 words
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Advertisement21 2010-06-17 28 Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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PROPERTY
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Article, Illustration442 2010-06-17 29 Lenders loosening hold on these assets; multi-family property in demand ongoing than just a property. Reuters [NEW YORK] Financial institutions that have lent money to property investors are starting to loosen their hold on these properties, potentially putting more property into play, property insiders saidongoing than just a property. – Reuters; REUTERS - 442 words
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343 2010-06-17 29 Bloomberg [SAN FRANCISCO] US commercial property values are rebounding slowly and may remain as much as 40 per cent below their 2007 peak levels, Pacific Investment Management Co said. More than US$500 billion of property will hit the market as lenders dispose of assets or restructureBloomberg - 343 words
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Article, Illustration429 2010-06-17 31 Reuters [LONDON] AXA Real Estate, part of Europe’s No. 2 insurer AXA, is mulling over a possible bid for ING’s real estate unit as part of an aggressive plan to grow its business at the expense of ailing rivals, a senior executiveReuters; BLOOMBERG - 429 words
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651 2010-06-17 31 Supply jump seen easing push to up interest rates Reuters [SYDNEY] Australian new home starts hit a six-year high last quarter, thanks to stimulus spending on public housing, while work in the pipeline suggests that the sector would help underpin the economy as aReuters - 651 words
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Article, Illustration480 2010-06-17 31 Reuters [SYDNEY] Equity deals will take a back seat to debt issuance for Australia’s property trusts this year, as they seek to diversify funding sources, a UBS UBS.VX UBS.N executive said on Wednesday. Initial public offerings (IPO) for office properties may have to waitReuters - 480 words
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Article, Illustration647 2010-06-17 32 Price gains backed by strong demand for housing due to migration to cities VIEWS ON CHINA PROPERTY Bloomberg [NEW YORK] The property boom in China isn’t a bubble because it’s supported by “solid” demand for residential housing, according to Stephen Roach, chairman of MorganBloomberg; REUTERS - 647 words
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380 2010-06-17 32 Bloomberg [SINGAPORE] The “bubble” in China’s property market is going to burst very quickly, with prices set to fall as much as 20 per cent in the next 12-18 months, according to Nomura Holdings Inc. National real estate prices may drop 10-20 per centBloomberg - 380 words
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1557 2010-06-17 32 Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 19 WITH CONTRACT DATES BETWEEN MAY 19 AND MAY 25,201 0 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 21/05/2010 99 1055 3007 2850 Marina Bay Residences Apt1,557 words
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Page 29 Advertisements
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Advertisement410 2010-06-17 29 chelseacreek LONDON SW6 London's Chelsea Chic Chelsea Creek, London SW6, a new dockside destination located just off the King's Road adjacent to Chelsea Harbour on the north side of the River Thames. 1, 2, 3 and 4 bedroom luxury apartments and penthouses set in a new dockside location adjacent to410 words
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Advertisement251 2010-06-17 29 KnightFrank.com.sg u CAVENAGH MANSIONS TENDER Freehold Residential Redevelopment Site at Cavenagh Road. 100% owners' consent Land area: 1,840.7 sqm (approx. 19,813 sq ft) Master Plan 2008- PR 2.1, 24m AMSL Within 1km to AngloChinese School (Junior) and St. Margaret's Primary School Tender Closing: 8 th July 2010 (Thurs) 3.00pm For251 words
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Page 30 Advertisements
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Advertisement166 2010-06-17 30 £fi«I§C Ml IW f =i§. if *»1E;~>a Mm 5 S 11-1 III t sg" A A 8 ffiLL—SINGAPORE 8 Nassim Hill occupies an unrivalled location in an Asian centre that is increasingly the primary residence of choice. We offer a limited edition of 16 freehold expansive homes, each with a166 words
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Page 31 Advertisements
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Advertisement385 2010-06-17 31 EXCELLENT DISTRICT 9 SOMERSET RESIDENTIAL DEVELOPMENT SITE XIII III T rs hi IS**' Si* 100% Owners Consent No STB required 5 min walk to Somerset MRT Station Site area approximately 35,639 sq ft Plot ratio 2.8 Height Control up to 10 storeys Ideal for boutique luxury development Quiet and tranquil385 words
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Advertisement148 2010-06-17 31 FOR SALE n joneslanglasalle.com.sg CentrePoint Office Tower Ho Chi Minh City High Yielding Vietnam Office Investment MAvwipIck HoM "•Oong HO CHI MINH CITY a J? I <*• 1 J J^lhKMvnHffy Investment Highlights Brand New'Grade A'Office Tower comprising 15 levels of Office accommodation and 2 levels of Retail space Fully Leased148 words
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Page 32 Advertisements
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Advertisement39 2010-06-17 32 Savills Valuation, Research Consultancy Get expert advice on your next strategic move savills Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Cal 6536 5022 6415 3636. savills.com39 words
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