The Business Times, 18 January 2011

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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 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, January 18,2011
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  • 822 1  -  By MICHELLE QUAH [SINGAPORE] In a case that could impact the entire stockbroking industry, Kim Eng Securities has sued a former dealer for more than $2 million the result of losses incurred on her clients’ accounts during the dawn of the
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  • 1030 1  -  Private home sales sizzled before cooling measures; 2011 expected to be a more sobering story By KALPANA RASHIWALA [SINGAPORE] December may have been chilly in the rest of the world, but for Singapore’s property market, it was simply sizzling. The latest numbers underscore
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  • 139 1 HST INDEX 3,238.63 (-7.33) HST INDEX FUTURES 3,238 (-8) HSIMSCI 382.04 (-1.35) HSIMSCI FUTURES 382.40 (-1.10) FOREX US$ S$ US$ (S$ per US$) 1.291 (US$/S$ per 1.586 2.048 EURO (US$/S$/E) 1.328 1.715 Foreign currency per US$ S$ YEN 82.90 64.20 RM 3.059 2.368 HK$ 7.777 6.022 BAHT 30.57
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  • TOP STORIES
    • 700 2 After red-hot December, property braces for chill DECEMBER may have been chilly in the rest of the world, but for Singapore’s property market, it was simply sizzling. The latest numbers underscore the backdrop against which authorities introduced last week’s cooling measures. Developers sold 1,332 private homes (excluding executive
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    • 18 2 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 98.75 10.01.11
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    • 611 2  -  Month-on-month growth surprises with 8.9% rise, after 13% fall in Nov By ANNA TEO [SINGAPORE] In headline terms, December exports closed a strong year on a soft note, but going forward, the pace of growth is not expected to falter despite base
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    • 642 2  -  Resident fertility rate at record low: Wong Kan Seng By TEH SHI NING [SINGAPORE] Tighter immigration policies more than halved the number of new permanent residents (PRs) last year. But foreigners are still needed to augment the local population as Singapore’s fertility rate sinks further,
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    • 681 2  -  yuan against dollar By LEE U-WEN [SINGAPORE] China has once again rejected US calls to strengthen its currency against the dollar, with President Hu Jintao stressing that inflation cannot be regarded as the “main factor” in determining the yuan’s exchange rate policy. Mr
      AFP FILE PHOTO  -  681 words
    • 605 4  -  Shanghai latest to unveil property tax; S’pore firms won’t be hit hard: analysts By EMILYN YAP [SINGAPORE] Home prices in China continued their ascent in December, triggering fears that the government will introduce more measures to tighten the property market. Shanghai
      BLOOMBERG  -  605 words
    • 594 4  -  ASIAN FINANCIAL FORUM Reports by in LYNETTE KHOO in Hong Kong THE China Securities Regulatory Commission (CSRC) said it will continue to encourage mainland companies to list offshore, with Hong Kong as the preferred destination. CSRC is also looking at
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    • 659 4  -  By GRACE LEONG [SINGAPORE] A dispute over whether the top officebearers of the Singapore Law Society should travel business-class has turned ugly. Some lawyers could ask the society’s president and council to step down. After consulting with its attorney, Senior Counsel Davinder
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    • 418 4 ECONOMIC and financial weight has shifted from the West to the East as Asia is set to remain the fastest growing region in the world, but inflation and asset bubbles stoked by loose monetary policy of the West still presents significant risks to Asia,
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    • 564 4 Bloomberg [DUBAI] The United Kingdom, Europe’s largest market for Syariah-compliant financial products and services, cancelled what would’ve been the first sale of sovereign Islamic bonds by a Western federal government as issues fell 15 per cent in 2010. “The UK government has
      Bloomberg  -  564 words
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    • 70 2 Head to CATS FASTADS in The New Paper for job opportunities! Lotus amusicalblossom An enchanting evening of classical music of India &China ProfLiuYuening Yangqin MaestroMandolinUShrinivas Mandolin ZhuLin Erhu Selvaganesh Percussion WanYiJen Piano VijayGhate Tabla Chinese Indian Instrumental fusion concert On Friday, 28 JAN 2011 EsplanadeTheatre at 8pm Tickets: S$50, S$40,
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    • 295 3 Discover a new dimension of fine living Experience the full splendour of life. A new paradigm of fine living on the celebrated East Coast, Silversea Elan opens up a sea of luxuries. At the peak of perfection, exquisite finishes and fittings create a residence of unparalleled sophistication. The collection includes
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    • 858 4 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VESTA INVESTMENT CORPORATION LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No *****9605M) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of VESTA INVESTMENT CORPORATION LIMITED duly convened and held at 21
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  • COMPANY NEWS
    • 323 5  -  Second investment in a week for telco’s venture capital fund By WINSTON CHAI IT’S two on the trot for Singapore Telecommunications’ $200 million venture capital (VC) fund as it nets its second investment in a week in the shape of US-based Web technology
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    • 341 5  -  Capacity boost, disruptions due to weather blamed By NISHA RAMCHANDANI SINGAPORE Airlines’ (SIA) passenger load factor (PLF) slipped 3.6 percentage points to 80.7 per cent in December 2010, against a 4.9 per cent year-on-year increase in capacity. The number of passengers carried during the
      341 words
    • 302 7  -  Deals comprise one newbuilding and three upgrading contracts By JOYCE HOOI SEMBAWANG Shipyard a Sembcorp Marine unit has secured a newbuilding and three upgrading contracts worth $215 million in total, the group announced yesterday. The newbuilding contract, worth $123 million, was awarded by Teekay Shipping
      BLOOMBERG  -  302 words
    • 324 7  -  US$120m facility By MAXIE AW YEONG TREASURY Holdings Real Estate, the trustee manager of Treasury China Trust (TCT), yesterday announced a three-year mul-ti-currency loan facility worth some US$120 million to refinance TCT’s Central Plaza property in Shanghai, China. This loan finalises the commercial real estate business
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    • COMPANY BRIEFS
      • 59 7 PACIFIC Healthcare Holdings said it has appointed Magdalene Chua Geok Lan as its chief financial officer. Ms Chua, 50, was the CFO of Surbana Land International (China) in 2006-2009. In 2004-2006, she was the group financial controller at Surbana International Consultants. From 2001-2004, she was the
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      • 48 7 WEPCO Ltd warned that it is expecting to incur further losses in FY2010. The losses are mainly due to trading losses as well as the recognition of related expenses incurred in connection with the proposed acquisition of HSR International Realtors Pte Ltd.
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      • 56 7 BRIGHT World Precision Machinery said that it has secured contracts worth 48 million yuan (S$9.4 million. The group's current order book on Jan 15 stood at 280 million yuan. The order book will contribute positively to the group's revenue and profit for the
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      • 119 7 CHINA Fibretech said that it expects to report “a materially higher” pre-tax profit for the fourth quarter of 2010 compared to the third quarter of 2010, as well as to the net loss made a year ago. The group is expected to report materially higher
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      • 83 7 CNA Group Ltd said that it will issue 35 million new shares to Mitsubishi Electric Asia (MEA) for $6.7 million, which will give MEA a 14.8 per cent stake in the enlarged capital. The subscription price of 19 cents per share is
        83 words
    • 348 7  -  By EMILYN YAP ASCENDAS Real Estate Investment Trust (A-Reit) yesterday posted gross revenue of $109 million for the third quarter ended Dec 31, 2010. This is 3.7 per cent higher than a year ago, as completed investments brought in additional rental
      348 words
    • 530 8  -  Shareholders have also not been kept updated on the issue By FELDA CHAY IT appears that minority shareholders of delisted firm General Magnetics will not be receiving an exit offer, despite having been told at its annual general meeting (AGM) in May last
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    • 343 8  -  By LYNN KAN COURAGE Marine intends to seek a dual primary listing on the main board of the Stock Exchange of Hong Kong (SEHK). The dry bulk shipping company said in an announcement that it has appointed “relevant professional parties” to work on
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    • 403 8  -  On a macro level, it expects S’pore’s GDP to grow at 5%, from 14% last year By WINSTON CHAI FACED with the prospect of slowing economic growth and reasonable stock market valuations in 2011, investors should balance their portfolio with
      FILE PHOTO  -  403 words
    • 665 8 Bloomberg [SINGAPORE] Franklin Templeton Multi-Asset Strategies favours developed over emergingmarket stocks in the next six to 12 months as central banks tighten lending to curb inflation, said senior vice-president Stephen Lingard. Franklin Templeton is increasing its allocation for developed-market stocks to 75 per cent from
      Bloomberg; XINHUA  -  665 words
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    • 354 5 > «> 'A B7:v: >* Serviced Offices" A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed W servcorp.com.sg Or Google "Servcorp" BSERVCORP Servcorp Virtual Offices Ts®
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  • SINGAPORE MARKETS
    • 538 6  -  Rising real estate prices dent China, HK equities; cooling moves continue to dampen S’pore market STOCKS R SIVANITHY Senior Correspondent REAL estate sectors were in focus yesterday as stock markets in the region finished mainly weaker. In China, news that property prices continued to
      Source: Bloomberg  -  538 words
    • 4 6 DAILY
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    • 65 6 Jan 17 VALUE CLOSE BT OB/OS 53.00-314.00 BT CADI -*****.00 -48.00 BT 10-day MA -*****.00 +6.00 FTSE ST Mid Cap 826.30 -3.30 FTSE ST Small Cap 616.81 -0.02 FTSE ST All Share 806.38 -1.93 FTSE ST China Top 306.03 -1.52 FTSE ST China 334.66 -1.49 FTSE ST
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 5 0 0 0 3 8 5 Manufacturing 63 52 71 8 6 15 71 58 86 Commerce 18 29 19 6 2 5 24 31 24 Tpt/Stor/Comms 11 17 13
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    • BROKERS’ TAKE
      • 394 6 Jan 17 close: $3.54 DMG Partners Research, Jan 14 WE INITIATE coverage of Overseas Union Enterprise (OUE) with a “buy” at TP of $4.20, pegged at a 15 per cent discount to forecasted FY2011 RNAV of $4.94. OUE’s sizeable office exposure (56 per cent of RNAV) offers
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      • 338 6  -  Jan 17 close: $4.00 Kim Eng Research, Jan 17 Compiled by LYNN KAN SINGAPORE Press Holdings’ (SPH) first-quarter revenue for FY2011 ending Aug 31 met our consensus forecast at $321.4 million. However, operating profit slid 27 per cent y-o-y to $116.3 million in the absence of property
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      • 138 6 CY calendar year Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1,
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,954 39,954 104,489 104,489 Manufacturing 609,088 66,146 675,234 324,627 5,752 330,379 Commerce 107,990 13,606 121,596 118,914 1,371 120,284 Tpt/Stor/Comms 137,273 1,188 138,461 133,579 316 133,895 Finance 61,548 5 61,553 146,820 1 146,821 Construction 81,391 3,819
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    • 112 6 Stock name Close Change CapMallsAsia 1.950 +0.030 CapitaLand 3.720 +0.010 CapitaMall 1.900 +0.020 CityDev 12.120 -0.040 ComfortDelGro 1.630 -0.010 DBS Grp 14.620 -0.080 F&N 6.480 +0.040 Genting SP 2.170 -0.030 Golden Agri 0.765 -0.005 HK Land 7.350 -0.040 JMH 46.760 +0.360 JSH 28.600 +0.140 Jardine C&C
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    • 500 6 CURRENCIES Reuters [LONDON] The euro fell broadly yesterday, as hopes for an immediate increase in the eurozone’s bailout fund faded and as investors re-assessed a recent rise in European Central Bank (ECB) interest rate expectations. Uncertainty about whether Germany would support an increase in
      Reuters; REUTERS  -  500 words
    • 60 6 VOLUME *Genting HK US$ 96,659,000 Qingmei 63,399,000 BerlianLaju 62,376,000 Golden Agri 56,196,000 Genting SP 53,534,000 PSL Hldgs 49,605,000 Sunmart 45,715,000 Sky Petrol 45,287,000 UMS 40,373,000 ChinaFibreT 39,949,000 VALUE($) Genting SP 116,896,110 Keppel Corp 71,299,100 *Genting HK US$ 60,879,501 Golden Agri 43,175,385 Olam 41,664,320 OCBC Bk 35,030,804 DBS
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    • 108 6 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6158 107.2 1.4 DBXT FTVietnam 10US$ 3750 47.8 1.0 JMH 4676 46.5 0.8 DBXT MSJAP 10US$ 4109 41.3 0.8 STXPO 100 1350 40.0 3.1 Asia Pac Brew 2020 30.0 1.5 DBXT MSUSA 10US$ 3075 18.1 0.5 JSH 2860 18.1 0.5 DBXT MSRussia
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    • 126 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-356.4 -2.1 GLD 10US$ *****-120.1 -0.7 DBXT MSAsExJp 10US$ 3389 -56.8 -1.3 DBXT FTChina25 10US$ 3204 -54.2 -1.3 DBXT CSI300 10US$ 1044 -45.2 -3.2 DBXT MSINDIA 10US$ 1035 -43.9 -3.2 DBXT S&P Short 10US$ 4393 -34.9 -0.6 Jardine C&C 3530 -30.0 -0.8
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    • 5 6 DAILY
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    • 273 7 Will gold break USD1500 before the New Year? SAXO CAPITAL MARKETS Chart /i iS GOLDcont Customize https://www.saxomobil3trad... A Market Prices Monthly M' Candlestick Q Update 1,431.37 1,412.82 CI 3or J'-:- I a Opt on ■GOLDcom HI III I ■0 Seize the opportunities. Seize the opportunities with Saxo: Trade Gold 'Live'
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    • 995 8 w BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE In Bankruptcy OS No. B2185/2010A In the matter of the Bankruptcy Act (Cap 20) And In the matter of Morten Innhaug (Norway Identification Card No. F*****17M) Between SINWA (SS) HK CO LTD (Hong
      995 words
    • 351 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 Tan Brothers Construction And Engineering (Pte.) Ltd. (Company No. *****0445K) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 12 Tuas Avenue 16, Singapore *****5 on Monday, 17th January
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  • SINGAPORE NEWS
    • 407 9  -  It is the fourth global firm to tap the availability of feedstock here By RONNIE LIM JAPAN’S Zeon Chemicals is planning an SBR (sty-rene-butadiene rubber) or synthetic rubber plant investment in Singapore making it the third Japanese group, after Sumitomo Chemicals and
      407 words
    • 260 9 THE Hong Leong Foundation gave out $1.8 million last year to charity, helping more than 100 groups. A major chunk of about $400,000 went to some 3,000 poor people under the Public Assistance scheme. These are Singapore citizens unable to work due to
      260 words
    • 581 9  -  Wage inflation to be 5-10% across the board for the year By TEH SHI NING JOBS typically lag behind economic recoveries, but even on this front, Asia has rebounded swiftly this time round, says Alistair Cox, CEO of UK-listed global recruiter Hays. Last
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    • 427 9  -  ‘Real satisfaction and learning’ may take at least 5 years By LINETTE LIM THE “McDonald’s generation” of young people who wants a quick way to success in the banking industry may be in for a surprise. At least five years in one bank
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    • 300 9 A NEW award to recognise businesses that take exemplary measures to make themselves conducive to families was launched yesterday. The “We Welcome Families” awards, organised by the Ministry of Community Development, Youth and Sports’s Businesses for Families Council (BFC), will recognise businesses across five sectors:
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    • 463 9 CB Richard Ellis (CBRE) yesterday launched the public tender for Ying Mansions on Robin Road and relaunched the public tender for Villa D’Este, which sits along Dalvey Road. The guide price for the freehold, eight-unit Ying Mansions is $70 million, which
      463 words
    • 228 9 SOCIAL campaigns may have reached the point of diminishing returns in our campaign city, if research by NUS is anything to go by. The survey conducted by Ang Swee Hoon, associate professor of marketing at NUS Business SchooL, and one of her students
      228 words
    • SINGAPORE ROUNDUP
      • 85 9 CLEARBRIDGE Vitalsigns, a new spin-off company from the National University of Singapore (NUS), will develop and commercialise a novel, ultra-low powered electrocardiogram (ECG) chip, which was researched by the NUS Department of Electronic and Computer Engineering.While current cardiac ECG devices tend to be bulky, have
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      • 68 9 JTC has awarded the tender for the industrial site at Old Toh Tuck Road/Toh Tuck Avenue to Incorporated Builders Pte Ltd. Incorporated Builders was the highest tenderer with a tendered sum of $8.7 million. The tender for the site, which has a land area of
        68 words
      • 96 9 REGISTRATION is now open for the annual JP Morgan Corporate Challenge. The run, which is organised for the eighth year, takes on an added significance as Singapore will host the JP Morgan Corporate Challenge Championship. This is the first time that the championship will be
        96 words
      • 72 9 THE National Kidney Foundation (NKF) will be breaking a five-year fund-raising hiatus this year with a charity dinner on April 15. President SR Nathan has been invited to officiate the dinner held at the Orchid Country Club. Although this year’s event is not set
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  • Page 9 Advertisements
    • 98 9 Business For Sale Digital Media ICT Industry SGD $950,000 This is a highly profitable Singapore-based company with existing users in banking, retail, hospitality, transport, etc. It's world class solution is also being sold through partners and resellers in the untapped ASEAN region which is poised for massive growth. You will
      98 words

  • SME Inc
    • 1193 10  -  OM Associates CEO Ashok Khosla counts good fortune as a factor for his success in business, reports VICTOR KATHEYAS ‘SUCCESS in business does not only depend on intelligence and ability,’ said Ashok Khosla, CEO of OM Associates. “Some people win, some people lose, often the crucial factor
      YEN MENG JIIN  -  1,193 words
    • 752 10  -  It sets up unit to offer environmental solutions SMALL CAPS By RACHEL SIM WHILE its core business lies in design consultancy and providing turnkeys for engineering procurement construction services, Advanced Holdings has ridden the green trend by creating its environmental technologies division. With climate
      FILE PHOTO  -  752 words
    • 515 10  -  By TEH HOOI LING THE property cooling measures announced by the Singapore government and China’s latest attempt to contain inflation weighed on market sentiment yesterday. The fact that the US market was closed yesterday for the Martin Luther King holiday also contributed to the thin
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    • 891 11  -  FELDA CHAY LOVE is all around at HSR Property Group, where each employee receives at least one “love letter” a month. And when they are in the mood for love and want to soak up some of that special atmosphere it creates, they can head to the Love
      YEN MENG JIIN, ARTHUR LEE  -  891 words
    • 975 12  -  He has to undergo rigorous training to make the cut at C&P Rent-A-Car, reports KAREN NG YEO AIQI WITH so many players in the transport industry, it is crucial for C&P Rent-A-Car (CPRAC) to stand out to survive. Like many other companies of
      ARTHUR LEE  -  975 words
    • 1517 12  - Respect the customer or else COMMENTARY By PAUL HENG The writer is an executive coach at NeXT Corporate Coaching Services By ‘FOR enquiries on your account, please press 1. For waiver of annual fees, please key in your eight-digit mobile number, and we will get back to you within three
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    • 429 12  -  By CHEN HUIFEN IN a move that will widen its footprint in China, homegrown education services provider EtonHouse International Holdings has partnered Hong Kong’s Shui On Group to start an international school in Dalian. Slated to open in March 2013, the
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    • 1210 13 THIS WEEK’S TOPIC With slightly more than a month to go before the Singapore Budget is likely to be revealed, what would you put on your Budget wish list for 2011 Lily Kew CEO Glow International COMPANIES across Singapore anticipate the budget announcement each year,
      STOCK.XCHNG  -  1,210 words
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  • ECONOMY WATCH
    • 712 14 12% hike in futures, options is biggest in 5 weeks, as oil prices hit 2-year high Bloomberg [NEW YORK] Hedge funds have raised bullish bets on oil by the most in five weeks as crude reached the highest level in more than two
      Bloomberg; REUTERS  -  712 words
    • 401 14 Bloomberg [HONG KONG] Strengthening the yuan to tame inflation in China is “not necessarily a good recommendation”, said Robert Mundell, the Nobel-prize winning economist. “One of the important forces of stability over the past decade has been the comparative stability of the yuan
      Bloomberg; BLOOMBERG  -  401 words
    • 378 14 Investors bet central bank may extend pause until May Bloomberg [OTTAWA] Investors are increasing bets that Bank of Canada governor Mark Carney may hesitate in raising interest rates as policymakers gauge the strength of the US recovery and the impact of a stronger Canadian
      Bloomberg  -  378 words
    • 329 14 Reuters [WASHINGTON] The US Congress must allow the country to borrow more to avoid a debt default that would wreak havoc on financial markets and imperil the US economy, Democratic and Republican lawmakers said on Sunday. Threatening not to raise the US$14.3
      Reuters  -  329 words
    • 566 14 Emerging markets’ solid growth also likely to help Japan Reuters [TOKYO] Bank of Japan governor Masaaki Shirakawa has said that global financial markets are maintaining calm on the whole despite some instability in Europe over the region’s sovereign risks. The global economy has
      Reuters  -  566 words
    • 273 14 Bloomberg [RIYADH] Saudi Arabia plans to increase its grains storage capacity by 550,000 metric tons within three years to protect the Arab world’s largest economy from higher food prices. The kingdom has storage capacity of 2.5 million tons, Walid al-Khariji, the head of
      Bloomberg  -  273 words

  • MALAYSIA/INDONESIA
    • 691 15 The country is now a notch away from investment grade; S&P seen following Reuters [JAKARTA] Indonesia moved a step closer to securing a coveted top investment rating yesterday when Moody’s upgraded its sovereign debt to within one notch of investment grade and flagged the outlook
      Reuters; BLOOMBERG  -  691 words
    • 322 15 AFP [JAKARTA] Indonesia yesterday ruled out extending a deadline set for the end of the week for the Canadian manufacturer of BlackBerry smartphones to block access to pornographic websites. Communications Minister Tifatul Sembiring said there would be no change to the Jan 21 deadline,
      AFP  -  322 words
    • 547 15  -  Prospects are bright for marine construction firm By PAULINE NG in Kuala Lumpur INTEGRATED marine construction company Benalec Holdings made an impressive debut on the Malaysian stock exchange yesterday. It opened 36 per cent higher over its offer price of RM1.00 as investors
      547 words
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    • 199 15 1 im j 1 CHRIS-MARINE <ET CV ©P MARINE _A Kf J k l\ a CHRIS-MARINE SHOWROOM MARKS A NEW CHAPTER IN OUR PARTNERSHIP WITH YOU We're proud to announce the opening of our new showroom on 21 January 2011, a significant initiative in enabling us to serve our customers
      199 words

  • GREATER CHINA/INDIA
    • 575 16 Comments reinforce talk that interest rates will be raised next week Bloomberg [NEW DELHI] India is facing a “surge” in inflation, central bank governor Duvvuri Subbarao said, fuelling speculation he may raise interest rates at the Jan 25 policy meeting. “We recovered
      Bloomberg; REUTERS  -  575 words
    • 258 16 AFP [HONG KONG] Bank of China plans to launch a yuan-denominated share sale in Hong Kong, the first by a state-owned company, as Beijing looks to internationalise the currency, a report said yesterday. Hong Kong-based Bank of China Group Investment, a unit of the
      AFP  -  258 words
    • 471 16 This is expected to attract investors to Indian bonds Bloomberg [NEW DELHI] Exporters in India say that the surge in shipments at the end of 2010 is likely to continue in a trend that promises to bolster the rupee and attract international investors
      Bloomberg  -  471 words
    • 208 16 AFP [BEIJING] Huge underground roads are to be built in the Chinese capital, state media said yesterday, in the latest effort to relieve the chronic gridlock paralysing Beijing. Mayor Guo Jinlong told local lawmakers at their annual legislative session that building tunnels in
      AFP  -  208 words
    • 393 16 Monthly reviews to decide cash amount banks must lock up Reuters [BEIJING] China’s central bank has devised calibrated reserve ratios for different banks to tighten curbs on bank lending and tame quickening inflation, Chinese media said yesterday. Instead of setting a traditional annual loan
      Reuters  -  393 words
    • 311 16 Bloomberg [NEW DELHI] UK Business Secretary Vince Cable began a three-day visit in India yesterday with executives from BAE Systems and Rolls Royce Group who are seeking to benefit from a push to make trade the focus of
      Bloomberg  -  311 words
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  • WORLD
    • 525 17 Analysts say they will extend gains this year on rising demand from Asia and a weak pound sterling Bloomberg [EDINBURGH] UK manufacturers, which have provided investors with the highest returns in London’s FTSE All-Share Index over the past 12 months, are set to extend
      Bloomberg  -  525 words
    • 879 17 Colin Firth is best actor and Natalie Portman best actress GOLDEN GLOBES AFP Reuters [LOS ANGELES] Every year the organisers of the Golden Globes ply the cream of Hollywood with free food and alcohol at their awards show. The stars express their gratitude
      AFP; Reuters; PHOTOS: AP, AFP, REUTERS  -  879 words
    • 424 17 It says bad weather in NSW may delay reserves upgrade Bloomberg [SYDNEY] Eastern Star Gas Ltd has said that it is in discussions with multiple Asian companies to sell a stake in a proposed liquefied natural gas (LNG) project in Australia’s
      Bloomberg  -  424 words
    • 271 17 Bloomberg [MOSCOW] Nord Gold, a unit of Russian billionaire Alexei Mordashov’s steelmaker OAO Severstal, began an initial public offering of shares in London to raise more than US$1 billion for expansion and to repay its parent’s debt. Nord Gold will sell
      Bloomberg  -  271 words
    • 554 17 Staff from banks in HK, Singapore are being poached Reuters [HONG KONG] The gloves are off in the fight for talent in the Asia investment banking industry, with newly arrived financial institutions establishing a foothold in the rapidly growing region. While
      Reuters  -  554 words
    • 496 18 It sees double-digit expansion for its business there; the same as last year [DUBAI] JPMorgan Chase Co expects its private banking business in the Middle East to post double-digit growth in 2011 as the US bank further expands its footprint in the region
      AFP  -  496 words
    • 377 18 Reuters Bloomberg [GENEVA] Swiss luxury goods group Richemont, the world’s largest jewellery maker, recorded dou-ble-digit sales growth in all business areas in its third quarter as wealthy Chinese continued to splash out on Cartier jewellery and timepieces. Sales in the Asia-Pacific region rose 42
      Reuters; Bloomberg; BLOOMBERG  -  377 words
    • 540 18 Finance firms not in top 10 list of places to start careers Bloomberg [TOKYO] Japanese business executives have a message for university graduates: don’t become a banker. Financial firms failed to make the top 10 on a list of favoured companies to
      Bloomberg  -  540 words
    • 301 18 But lending likely to be short of London’s hope for £200m Reuters [LONDON] Britain’s biggest banks are nearing an agreement with the government to lend between £160 million (S$327.8 million) and £180 million to small businesses this year, less than expected, British
      Reuters  -  301 words
    • 345 18 Reuters [LONDON] Investors and analysts gave a cautious welcome yesterday to BP’s share swap and Arctic exploration deal with Russia’s Rosneft, saying that any return is likely a long way off. Shares in BP traded up 1.7 per cent at 1004 GMT,
      Reuters  -  345 words
    • 222 18 AFP [KUWAIT CITY] Kuwaiti Emir Sheikh Sabah al-Ah-mad al-Sabah yesterday ordered the distribution of US$4 billion and free food for 14 months to citizens as the oil-rich emirate prepares to mark national occasions. Each of the 1.12 million native
      AFP  -  222 words
    • 461 18 Bloomberg [DUBAI] Dubai World’s US$24.9 billion debt restructuring completed in September serves as a model for other companies in the region to follow, the chief executive officer of Moelis Co, one of the advisers on the deal, said. It is
      Bloomberg  -  461 words
    • 606 19 Rolling flood crisis in Australia now threaten towns in Victoria state AFP Reuters [HORSHAM, Australia] Anxious residents of towns in southern Australia braced for once-in-200-year floods yesterday, as the government said that the rolling flood crisis could be its costliest natural disaster ever. Homeowners in
      AFP; Reuters  -  606 words
    • 432 19  -  By ANTHONY ROWLEY in Tokyo IN an example of Japan’s new policy of acquiring upstream interests in energy and other natural resource projects overseas, the government is joining Russia’s gas giant Gazprom in studying natural gas projects in the Russian Far East,
      432 words
    • 450 19 Bloomberg [NEW YORK] Kraft Foods Inc, the world’s second-largest food company, said it faces “irreparable harm” if Starbucks Corp is allowed to terminate an agreement that allows it to distribute Starbucks products to grocery stores. With the agreement, Kraft built a business
      Bloomberg  -  450 words
    • 545 19 AFP [BRUSSELS] Debate over adding firepower to the eurozone’s debt rescue funds heated up yesterday as Germany clashed with Brussels ahead of a meeting of finance ministers. European Commission president Jose Manuel Barroso has pressed European leaders to take a decision to “reinforce” rescue
      AFP; AP  -  545 words
    • 568 19 Region’s surging economies are attracting investors Reuters [SINGAPORE/BANGKOK] The value of deals involving South-east Asia looks set to top the boom of 2007 as the region’s fast-growing economies attract investors and cash-rich companies snap up overseas targets to drive growth. Foreign investors
      Reuters  -  568 words



  • BUSINESS CHINA AWARDS
    • 470 20 IT was a night when the stars on two flags shone the brightest. Friendship between Singapore and China was celebrated through the inaugural awards presented by Business China last week to those that have contributed to the growing bilateral ties. After one year of vigorous assessment by
      Photos by: ARTHUR LEE (The Business Times); and HO PENG YEW (Lianhe Zaobao)  -  470 words
  • Page 20 Advertisements
    • 37 20 IT'S HERE! §L3fm, w GET THE FREE 9I.3FM APP NOW! Available on the App Store www.omy.sg mmmm m ci# ma ITEOCHEW RESTAURANT HURT KEEJISBSlPTjnj! a 9 p w J 1 StDinmSI iSMaa^ iiiii iMiiiiisas eat omy sg
      37 words
    • 40 20 When SMEs compete, at least they agree on one issue January/February issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      40 words

  • AVIATION
    • 372 21  -  CAAS-Changi Airport project expected to improve operational efficiencies By NISHA RAMCHANDANI THE Civil Aviation Authority of Singapore (CAAS) and Changi Airport Group (CAG) are jointly developing an Air Cargo Express (ACE) Hub, which is expected to boost Singapore’s status as a
      372 words
    • 224 21  -  By NISHA RAMCHANDANI LOW cost carrier Jetstar is expanding its services into China with the launch of its direct Singapore-Hangzhou flights from March 22, making the new service its seventh destination in China. Jetstar will commence service to Hangzhou, the capital of Zhejiang province, with
      224 words
    • 354 21 Airbus says orders last year worth US$74b AP [TOULOUSE] Airbus said yesterday that it took in 574 net new aircraft orders last year, beating rival Boeing Co for the third year running as the international aviation market rebounded more strongly than expected
      AP; REUTERS  -  354 words
    • 438 21 Bloomberg [TOKYO] All Nippon Airways Co (ANA) may add cargo flights to Singapore and Vietnam from its hub on the Pacific island of Okinawa as rising wages stoke intra-Asia trade. “We need to expand our cargo network,” president Shinichiro Ito said
      Bloomberg  -  438 words
    • 3274 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 --SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
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  • Page 21 Miscellaneous
    • 333 21 CRYPTIC CROSSWORD Across 1 When trading stops for Charlie, falling behind schedule (7,4) 9 Deceived in speech by arguments against squeeze (9) 10 Friend shot by friend in Paris (5) 11 Road works have one new rule (6) 12 Rapid decline due to brawl after losing gold (4,4) 13 Turn
      333 words

  • 3503 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico *Loads E./W.
    3,503 words
  • Page 22 Advertisements
    • 27 22 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 —.THE BUSINESS TIMES SHIPPING TIMES
      27 words

  • SHIPPING
    • 509 23  -  Republic in prime position for maritime industry’s shift to cleaner fuel By JOYCE HOOI SINGAPORE is set to play a dominant role in the use and distribution of liquefied natural gas (LNG), and this position will be bolstered as the shipping industry moves towards
      509 words
    • 215 23 Reuters [BAGHDAD] Iraq’s Transport Ministry has said that it would invite foreign firms in early March to submit bids to build 10 ships, including bulk cargo and container vessels, for an estimated value of US$110 million. Ismat Amer, head of the state-run sea
      Reuters  -  215 words
    • 594 23 Players say deadline to reduce emission by 2020 is unrealistic Reuters [SINGAPORE] Global efforts to drastically reduce toxic sulphur emissions in the shipping industry are likely to be delayed for years due to the reluctance of refiners to invest billions of dollars to produce
      Reuters  -  594 words
    • 362 23 Reuters [SENGGIGI, Indonesia] Indonesia warned on Sunday that maritime conflicts in Asia could spiral out of control and threaten regional stability, as South-east Asian nations sought common ground on the disputed South China Sea. Malaysia, Vietnam, the Philippines and China have disputed control of
      Reuters; REUTERS  -  362 words
    • 278 23 SGX '000 Jan 17 S$ +/-Vol CH Offshore 0.51 unch 91 Chuan Hup Hldg 0.26 unch 112 Cosco Corp 2.31 -0.02 6162 CWT Ltd 1.15 0.01 4556 Ezra Hldgs 1.76 -0.02 5483 First Ship Lea 0.47 -0.01 733 Freight Links 0.08 unch 3419 Grand Banks unch unch 0
      278 words
  • Page 23 Advertisements

  • EDITORIAL & OPINION
    • 500 24 EDITORIAL AT the beginning of the year, the Malaysian ringgit hit a 13-year high against the US dollar at RM3.06 to the greenback. Year-on-year, the currency has risen more than 10 per cent on an annual average basis in 2010. To quote the Economist Intelligence
      500 words
    • 782 24  - Smoking bad for health and for Asia’s economies too THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg ANYONE who thinks smoking isn’t government’s business should consider one number: 3.5 million. That’s how many people in the second biggest
      Bloomberg  -  782 words
    • 1212 24  -  Many obstacles stand in the way of regional projects in the Indian sub-continent G PANICKER The writer was formerly with BT’s foreign desk TRADITIONAL rivals India and Pakistan seem to think that joint economic projects would help them get along with each other.
      AFP  -  1,212 words
    • 1658 25  -  Each leader needs to come out of it showing that the US-China relationship advances his own nation’s economic interests LEON HADAR Washington Correspondent PRESIDENT Barack Obama will host China’s President Hu Jintao tomorrow, as part of a state visit that will be complete with
      AP  -  1,658 words
    • LETTERS TO THE EDITOR
      • 712 25  -  Mak Yuen Teen Associate Professor NUS Business School I REFER to the commentary “The curious case of SAH and its big sell-off” (BT, Jan 13) and earlier letters written by minority shareholders questioning the decision of Shanghai Asia Holdings (SAH) to dispose of
        712 words
      • 354 25  -  Foo Biao Da Singapore IN his 2009 letter to shareholders, Mr John David Cambridge, in his capacity as chairman of Shanghai Asia Holdings (SAH), pledged to continue to improve business practices, disclosures, code of business conduct and adopt best practices in corporate governance. SAH had taken
        354 words
      • 256 25  -  Grace Hoe Li Ching Singapore NEW Toyo has been asked to state whether it will join Hongji in voting in favour of the proposed sale of all operating businesses of Shanghai Asia Holdings (“Shanghai Asia urged to provide more clarity”, BT Jan
        256 words
      • 117 25  -  Koh Seng Geok Foo Soon Soo Company secretaries Roxy Pacific Holdings ON behalf of Roxy-Pacific Holdings Ltd, we refer to the article “Developers offer price cuts, discounts on new projects” (BT, Jan 17). The group wishes to state categorically that none of the
        117 words

  • Page 25 Advertisements

  • SINGAPORE STOCKS
    • 9026 26 Transaction date: Jan 17 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 21 14.5 3148 8Telecom 19.5 +0.5 292 19.5 18.5 18.5 19.5 1.7 9.3 6.3 93.4 12 4.5 5834
      9,026 words
    • 1725 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 166 +4 9 166 162 166
      1,725 words
    • 9485 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.07/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9149/0.9149 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,485 words
    • 866 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 111 111.1 115 506.7 1070 761 CIMBAsean40 100US$ US1030 +3 105 1070 1027 1019 1037 41.2 335
      866 words
    • 256 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A47 +1 2 47 47 47 49 3.6 7.4 3.8 122.4 55 16 6017 Genting HK US$ US48 +1 ***** 49
      256 words


  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 14 Index Change Change Change Change Change Change World Index Preliminary 919.0 0.0 10.4 0.2 2.5 0.0 11.7 EAFE Preliminary 822.6 -0.2 4.8 0.0 -2.0 -0.2 6.8 Europe Preliminary 1198.9 -0.1
      374 words
    • 178 28 Jan 17 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.35 0.25 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.55 0.45 9 months 0.80 0.60 12
      178 words
    • 23 28 Jan 17 S$ S$ Bid Offer 1-month 1.2912 1.2914 2-months 1.2912 1.2914 3-months 1.2912 1.2914 6-months 1.2910 1.2913 Source: OCBC
      23 words
    • 129 28 Jan 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 558.0 554.0 554.0 25 Mar 11 552.5 Apr 11 552.0 May 11 551.0 Jun 11 551.0 Jul 11 553.0 Aug 11 553.0 Sep 11 553.0 Oct 11
      129 words
    • 86 28 Jan 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 21.04.2011 0.35 0.35 0.32 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.40 5-Year N*****0S 2.875 01.07.2015 106.79 106.85 106.80
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    • 107 28 Jan 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1406.50 1410.00 1415.00 1399.50 Mar 11 1422.50 1416.00 1429.50 1405.00 May 11 1431.25 1425.25 1433.00 1414.75 Jul 11 1434.75 1429.50 1441.00 1418.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 56.70
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    • 77 28 CRUDE OIL PRODUCTS Jan 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.21 0.40 WTI (Near Mth) 91.56 0.25 Dubai (1-Mth F) 92.94 -0.70 Tapis blend 102.05 -0.45 Minas 97.85 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.06 1.28 Jet Kerosene 110.45 -0.25 US$/barrel Opec Oil
      77 words
    • 2515 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 30.5 -0.5 118 1 10 -6 1.41 58 6221 Asia-Pacific Strat W*****6 30.5 1 150 9 5.44 40 6227 ASJ Hldgs W*****1 2 1 4 3.00
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    • 121 28 Jan 17 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.241 Can dollar 1.328 1.277 Euro 1.754 1.687 Sterling pound 2.083 2.003 NZ dollar 1.017 0.969 US dollar 1.308 1.258 Local dollars to 100 units of foreign
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    • 29 28 Jan 17 Jan 17 Open High Sett STI Jan 3238 SIMSCI Jan 382.6 384.8 382.4 Taiwan Jan 319.1 320.3 317.7 Source: MF Global (S) Pte. Ltd
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    • 66 28 Jan 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3730 3718 3740 3695 302 8907 Mar 11 3683 3699 3729 3674 4930 ***** Apr 11 3657 3650 3685 3618 ***** ***** May 11 3600 3592
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    • 427 28 Jan 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6500 0 3378 Jun11 99.5600 0 1974 Sep11 99.4500 0 664 Dec11 99.2950 0 1636 EUROYEN TIBOR FUTURES Mar11 99.6575 99.6575 99.6575 99.6575 101 2708 Jun11 99.6450 150 1262 Sep11 99.6325 200 822 Dec11 99.6175 5
      427 words
    • 464 28 Jan 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 6.519 0.744 7.688 45.008 89.646 0.820 11.044 3.024 1.287 84.584 43.985 1.277 6.873 0.955 28.689 30.218 0.624 0.989 Canada 1.022 6.663
      464 words
    • 85 28 Jan 17 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 156 28 Jan 17 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2766 1.2769 0.9886 0.9887 Canadian dollar 1.3045 1.3055 1.0102 1.0108 Euro 1.7150 1.7160 1.3281 1.3287 NZ dollar 0.9916 0.9930 0.7679 0.7689 Sterling pound 2.0472 2.0479
      156 words
    • 143 28 Jan 17 GOLD (US$/oz) Jan 17 Jan 14 Hong Kong 1362.00 1373.00 Jan 14 Jan 13 London 1359.00 1384.15 1359.90 1384.90 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Jan 17 (S$) Selling Buying Kilobar 60,800.61 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 387
      143 words
    • 71 28 Jan 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2452.75 2465.25 3 months 2472.00 2484.00 Copper, Grade A (US$/tonne) Cash 9661.75 9622.00 3 months 9650.00 9615.00 Lead (US$/tonne) Cash 2711.00 2659.00 3 months 2680.00 2635.00 Nickel (US$/tonne) Cash *****.75 *****.75 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      71 words
    • 82 28 Jan 14 COCOA (£/tonne) Close Prev High/Low Mar 11 2006 1964 2011/1954 May 11 2007 1967 2014/1956 Jul 11 2015 1980 2023/1969 Sep 11 2017 1986 2025/1975 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2121 2135 2145/2100 Mar 11 2124 2137 2152/2097 Jul 05 2146 2157 2169/2120 Jul 11
      82 words

  • PROPERTY
    • 742 29 He partners Rohan Lifescapes for luxury residential tower in Mumbai Bloomberg [MUMBAI] US billionaire real estate developer Donald Trump is entering the Indian property market with a luxury residential tower in Mumbai, more than two years after announcing plans to expand in the South Asian nation.
      Bloomberg; BLOOMBERG FILE PHOTO  -  742 words
    • 215 29 Bloomberg [STOCKHOLM] Swedish house prices rose for a 20th month in the quarter through December, adding to the likelihood the central bank will proceed with a fifth interest rate increase since July when policy makers meet next month. The average house price rose
      Bloomberg  -  215 words
    • 406 29 Properties put up for sale this month at two-year low Bloomberg [LONDON] UK home sellers raised asking prices in January as a shortage of properties for sale propped up values, Rightmove plc said. Average asking prices in England and Wales rose 0.3 per
      Bloomberg; BLOOMBERG FILE PHOTO  -  406 words
    • 724 30  -  2,900 landed units or 2.9% of all new private homes were launched in the first 9 months of 2010 By EMILYN YAP [SINGAPORE] Clipped lawns and personal car porches look set to become even rarer as the share of landed homes in Singapore
      724 words
    • 301 30  -  Roxy-Pacific rolls out Spottiswoode 18 project today By UMA SHANKARI PROPERTY groups continued to report deals yesterday. Oxley Holdings, which launched its Vibes@Kovan over the weekend, said that it has sold 22 out of the 36 residential units and three out of the five
      301 words
    • 291 30 Bloomberg [BEIJING] Chinese cities spent less than they were required on low-rent housing and granted subsidies to applicants who didn’t meet the criteria for the benefit, the National Audit Office said in a report. Twenty-two cities including Beijing and Shanghai set aside
      Bloomberg  -  291 words
    • 378 31 Deal values prime office building at $626 million or $2,250 per sq foot NTUC Income yesterday said it paid $101 million for a 49 per cent equity stake in Savu Investments, the company holding 16 Collyer Quay previously known as Hitachi
      378 words
    • 456 31 Proposed ruling requires firms to put up collateral Reuters [LONDON] Europe’s property sector is lobbying regulators not to tighten the rules on interest rate swaps as it faces a possible 100 billion euro (S$171.36 billion) hit from being lumped together with risk-hungry
      Reuters; BLOOMBERG FILE PHOTO would be hit  -  456 words
    • 213 31 Reuters [TAIPEI] Taiwan has decided to reimpose a tax on undeveloped land holdings, the finance minister said yesterday, the latest government measure to address rising asset prices on the island. Finance minister Li Sush-Der did not say how much the tax would be
      Reuters  -  213 words
    • 313 31 HARBOURFRONT Centre, formerly known as World Trade Centre, has been awarded the Green Mark Platinum certification the highest rating for green buildings in Singapore. The mixed-use office and retail development, owned and managed by Mapletree Investments, is one of the oldest buildings to bag
      313 words
  • Page 29 Advertisements
    • 18 29 1st batch up for tender at year end Govt to gradually openbasic bus services to competition 政首
      18 words
    • 13 29 HOE HUAT INDUSTRIAL BUILDING 6, NEW INDUSTRIAL ROAD (Off Upper Paya Lebar Road)
      13 words
    • 156 29 ROBIN ROAD RESIDENTIAL REDEVELOPMENT SITE Single owner Prime Freehold District 10 location Site area approximately 23,975 sq ft Regular shape site, excellent planning flexibility Masterplan Plot Ratio 2.1 up to 24 storeys Potential Gross Floor Area of 50,348 sq ft Quiet and tranquil surroundings, ideal for super exclusive luxurious development
      156 words

  • Page 30 Advertisements
    • 123 30 Single-Storey Warehouse For Lease Located along Tuas South Ave 3 Sizes from 70,757 sq ft to 323,979 sq ft High ceiling of up to 10m Heavy floor loading of up to 20 KN/sqm <2 Far East Organization INSPIRING BETTER LIVES FOR SALE BY TENDER 4 FRANKEL WALK Land in Frankel
      123 words
    • 158 30 For Sale By Tender JTC Industrial Portfolio Sizable portfolio Stable revenue Mature industrial areas High occupancy rate Asset enhancement opportunities Excellent accessibility Total GFA (approx.) Total Rentable Area (approx.) Total Land Area (approx.) Tranche 1 No. of Locations 4 property clusters (Kallang Basin, Kolam Ayer Tai Seng) No. of Blocks
      158 words
    • 12 30 "5?«S WSBi '^1 naail T^2b!8*M OPEN HOUSE. For Enquiry Pis Call:6100 0080
      12 words
    • 31 30 MEBGyver Professionals You Trust C '2011 Jjitccessj P Heart of Orchard Road Singapore Most Famous Shopping Belt... 3757 sqft High Floor Pool View Immaculate 6100 7878 Sole Agent CEA Licence: R*****9A
      31 words

  • Page 31 Advertisements
    • 0 31 =.@)>^?>>!;}"$<^}$-`<@/{"?=))\-
      0 words
    • 171 31 Real value in a changing world FOR SALE BY TENDER PRIME STRATA SHOP SHOWROOM OFFICES THONG SIA BUILDING (PODIUM BLOCK) 30 Bideford Road, Level 1 to part of Level 7, Thong Sia Building Opposite The Paragon Total strata floor area approx. 42,668 sq ft Freehold Walking distance to Orchard Somerset
      171 words

  • INDUSTRIAL SPACE
    • 919 32  -  JTC has been improving its business park offerings to keep up with the evolving profile of its customer base, reports UMA SHANKARI BUSINESS parks, which have long been a feature of Singapore’s industrial landscape, are getting increasingly sophisticated as more firms that engage in high-tech, research and
      919 words
  • Page 32 Advertisements
    • 26 32 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
      26 words