The Business Times, 7 June 2011
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2011-06-07
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The Business Times
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Title Section22 2011-06-07 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, June 7,201122 words
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633 2011-06-07 1 FELDA CHAY - Mixed reactions from analysts to fund-raising exercise By FELDA CHAY [SINGAPORE] Commodities supplier Olam International is building up its war chest by raising $740 million through a share sale, with half of the amount raised likely to go towards funding acquisitions,633 words
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Article, Illustration927 2011-06-07 1 VEN SREENIVASAN - Iata forecasts dramatic profit plunge this year; airlines in all regions expected to feel the pain By VEN SREENIVASAN [SINGAPORE] In one of the most dramatic downgrades in recent memory, the International Air Transport Association (Iata) has sharply cut the 2011 profitAP - 927 words
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Article142 2011-06-07 1 HST INDEX 3,113.73 (-31.94) HST INDEX FUTURES 3,114 (-32) H SIMSCI 361.66 (-4.54) HSIMSCI FUTURES 360.80 (-5.70) FOREX US$ S$ US$ (S$ per US$) 1.231 (US$/S$ per 1.642 2.021 EURO (US$/S$/E) 1.462 1.800 Foreign currency per US$ S$ YEN 80.20 65.20 RM 3.005 2.441 HK$ 7.778 6.319 BAHT142 words
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Advertisement105 2011-06-07 1 SME Inc A store house of opportunities PAGE 11 PROPERTY Asia luxury home prices up 5.5% in Q1 PAGE 29 DOMINIQUE STRAUSS-KAHN Pleads not guilty to rape charges PAGE ULYSSE NARDIN SINCE 1846 LE LOCLE SUISSE FREAK DIAVOLO FLYING CARROUSEL-TOURBILLON WITH SECOND FLYING TOURBILLON. 8-DAY POWER RESERVE. MANUAL WINDING. ESCAPEMENT105 words
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Advertisement16 2011-06-07 1 OPINION Mandatory voting by poll is good, but it is not enough PAGE 23 *****1 *****416 words
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TOP STORIES
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Article, Illustration513 2011-06-07 2 VEN SREENIVASAN - Iata AGM told to guard against actions that can lead to unintended market distortions AVIATION SUMMIT By VEN SREENIVASAN [SINGAPORE] Unilateral and uncoordinated environmental initiatives which impose costs via punitive taxes on other parties would be short-sighted and create market distortions. Singapore DeputyLIANHE ZAOBAO - 513 words
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Article505 2011-06-07 2 Only US$4b stands between airlines and future shocks IN one of the most dramatic downgrades in recent memory, the International Air Transport Association has sharply cut the 2011 profit forecast for global aviation to just US$4 billion. This is a quarter of last year’s earnings of US$18 billion505 words
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Article137 2011-06-07 2 IN “Guangzhao independent auditors flag going concern risks” (BT, June 6), the independent auditors’ qualified opinion was on Guangzhao’s classification of 142 million yuan worth of biological assets as current assets, not 142 billion yuan. We are sorry for the error. Also, the sub-heading, “Firm has not137 words
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Article, Illustration739 2011-06-07 2 LEE U-WEN - By LEE U-WEN [SINGAPORE] Former foreign minister George Yeo has given the clearest indication yet that he is set to contest the upcoming presidential election, which is due by Aug 31. Writing on his Facebook page, Mr Yeo said that he hoped739 words
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467 2011-06-07 4 S JAYASANKARAN - It ropes in cash-rich Hap Seng, sets up vehicle to acquire Pan M’sian Pools By S JAYASANKARAN in Kuala Lumpur A SPECIAL purpose vehicle comprising gaming giant Genting and plantations, property and auto conglomerate Hap Seng Consolidated could be close to467 words
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Article, Illustration711 2011-06-07 4 StraussKahn pleads not guilty to rape charges AFP [NEW YORK] Fallen IMF chief Dominique Strauss-Kahn launched what promises to be a long campaign to clear his name yesterday, pleading not guilty to charges that he tried to rape a hotel maid. Arriving at the court grave-faced, with his wife, AnneAFP; PHOTOS: AFP - 711 words
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492 2011-06-07 4 RONNIE LIM - This is due to lack of space for growth on Jurong Island By RONNIE LIM [SINGAPORE] Vopak, one of Singapore’s biggest independent tankfarm operators, has just confirmed that it would build and operate 1.3 million cubic metres of oil storage. Earlier reported492 words
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561 2011-06-07 4 Reuters [TOKYO] Tokyo Electric Power Co (Tepco) should go through a court-led rehabilitation similar to Japan Airlines, the head of the Tokyo bourse was quoted as saying, sending the utility’s stock tumbling on the possibility of a delisting. Japanese authorities have consistentlyReuters - 561 words
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Advertisement582 2011-06-07 2 Bonds and Notes Fixed Income Capital Markets Products Date 7 8 July 2011 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from the same organisation: Enjoy 5% discount582 words
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Advertisement63 2011-06-07 3 Asset Management Wealth Management Asset Services The past The future. We respect them equally. 1 t > i' ft 7~r u f N S 4 r. 3'* W? Photograph by Christian Houge Private bankers since 1805 Geneva Lausanne Zurich Basel London Luxembourg Frankfurt Paris Madrid Barcelona Turin Milan Rome Florence63 words
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Advertisement88 2011-06-07 4 ALMATY Beijing Seoul I* Bangkok Kuala Lumpur < Air Astana connects Far South East Asia to Kazakhstan 12 times a week (5 times a week from Beijing, 2 times a week from Seoul, 3 times a week from Bangkok, twice a week from Kuala Lumpur). Air Astana serves Kazakhstan from88 words
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COMPANY NEWS
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535 2011-06-07 5 JOYCE HOOI - Counters like Ezra Holdings and Marco Polo Marine earning analyst approval By JOYCE HOOI THE respective prospects for the shipping and the offshore industries appear to be headed in opposite directions, at least for the rest of the year. NOL Group’s latest fourweek535 words
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251 2011-06-07 5 SINGAPORE Airlines (SIA) is open to offers for its 49 per cent stake in Virgin Atlantic, its chief executive officer said yesterday. “I think we have been quite open. We have stated that we are open if somebody251 words
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Article, Illustration379 2011-06-07 5 EMILYN YAP - By EMILYN YAP ASIA Pacific Breweries (APB) has extended its presence in the South Pacific by acquiring a 97.69 per cent stake in Solomon Breweries in the Solomon Islands for around $21.5 million. The deal will be “immediately accretive” to earnings, said APB379 words
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414 2011-06-07 5 JAMIE LEE - By JAMIE LEE STANDARD Chartered bank has stormed onto the online securities trading scene by doing away with the minimum commission charge. This is unlike the current business model adopted by several brokerages and banks, under which they charge a minimum fee of414 words
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380 2011-06-07 6 JOYCE HOOI - It will move MOS to S’pore and set up AOD to consolidate its drilling business By JOYCE HOOI BANGKOK-headquartered Mermaid Maritime Public Company is planning to move the commercial base of its subsea business Mermaid Offshore Services (MOS) to Singapore, it announced after380 words
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Article, Illustration185 2011-06-07 6 MAINBOARD-LISTED Aztech Group recently brought a little light into the homes of 90 low-income families by sponsoring energy-efficient and eco-friendly LED light bulbs. The “Glow of Love” project was organised by non-profit outfit CityCare and took place on World Environment Day, on June 5. Aztech’s185 words
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196 2011-06-07 6 LIAN Beng Group announced yesterday that it had won a private residential contract worth $150.7 million. The project will cover the building and earthworks of the condominium known as Hedges Park at Upper Changi Road North/Flora Drive. The total land area of about 330,000196 words
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303 2011-06-07 6 MICHELLE TAN - By MICHELLE TAN The Think Environmental Co Ltd (ThinkEnv) has proposed to change its core business and its name to reflect its new foray into the gold mining industry. The proposed changes which are subject to shareholders’ approval at an upcoming special general meeting303 words
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176 2011-06-07 6 THE independent directors of Kim Eng Holdings have recommended that shareholders accept the acquisition offer by Maybank, a circular yesterday showed. This came after the independent financial adviser, JPMorgan, found the cash offer of $3.10 per share to be a fair one after176 words
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Article, Illustration393 2011-06-07 9 MINDY TAN - It agrees to buy 7.31m shares from Healthzone at A$0.38 each By MINDY TAN EU Yan Sang International has raised its stake in Healthzone Limited to 19.9 per cent, consolidating its position as the largest single shareholder of the Aus-tralia-listed393 words
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703 2011-06-07 9 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY AT the risk of overusing an overused cliche, it looks very much that investors in equities currently find themselves stuck between a rock and a hard place. You could take your pick as to which is703 words
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334 2011-06-07 9 DUKANG Distillers Holdings, a China-based producer of baijiu (Chinese white wine), has signed on more than 60 new distributors at an annual trade fair. This takes the total number of distributors for its baijiu products under the Dukang brand to about334 words
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Advertisement157 2011-06-07 5 m is *P Future CHim SINGAPORE FutureChina Global Forum 2011 11 -12 July 2011 The Ritz-Carlton, Millenia Singapore China in the Next Phase: Marching to a New Drumbeat Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including Lee Kuan Yew, Former Minister Mentor,157 words
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Advertisement172 2011-06-07 5 WA i IKHKS HID BlK 3»H!SK "> ll IgKSSl I 9 v N> SV la 0 s *2sJ? m+\< World's Finest 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 of172 words
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Advertisement834 2011-06-07 6 BERGER INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) Company Registration Number. *****7986G NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the shareholders of the Company will be held on 21 June 2011 at 10.00 a.m. at 22 Benoi Sector Singapore *****4, to transact the following business:As834 words
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Advertisement749 2011-06-07 6 ASIA SILK HOLDINGS LIMITED (Company Registration No. *****1894D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Asia Silk Holdings Limited (the “Company”) will be held at 9.30 a.m. on 29 June 2011 at the Republic of Singapore749 words
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Advertisement106 2011-06-07 6 PENG KWEE Address #01-46 Peninsula Plaza Tel: 6334-8919 #01-45 The Bencoolen Tel: 6333-1921 S02-90K People's Park Complex Tel: 6327-4628 #01-44 People's Park Centre Tel: 6533-4619 #01-53 Lucky Plaza Tel: 6732-3243 #01-49 Bedok North St 1 Tel: 6442-7821 #02-03 Chinatown Point Tel: 6236-0627 #01-08 Yishun Central Tel: 6752-2623 #01-1119 Toa Payoh106 words
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Advertisement89 2011-06-07 7 Standard Chartered Can an international bank understand its local markets? Your culture and beliefs matter to us. For 150 years, we've immersed ourselves in the countries where we do business. We have drawn on this experience to bring you world-class products and services that meet your individual needs. And we89 words
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SINGAPORE MARKETS
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Article, Illustration575 2011-06-07 8 R SIVANITHY - Turnover hits lowest level this year at 987m units worth $973m excluding foreign currency issues STOCKS R SIVANITHY Senior Correspondent THE closure of the Hong Kong market for a public holiday yesterday meant that local stocks, lacking direction, slipped badly as sentiment took a turn forSource: Bloomberg - 575 words
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Article186 2011-06-07 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 2 0 0 0 4 10 2 Manufacturing 23 74 60 3 3 8 26 77 68 Commerce 14 22 21 1 3 1 15 25 22 Tpt/Stor/Comms 5 18 20186 words
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Article121 2011-06-07 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 27,926 27,926 67,476 67,476 Manufacturing 206,000 10,222 216,222 142,575 843 143,418 Commerce 50,102 2,590 52,692 57,907 529 58,436 Tpt/Stor/Comms 104,914 3,609 108,523 182,750 354 183,105 Finance 18,945 73 19,018 160,966 8 160,974 Construction 11,628 9,128121 words
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Article112 2011-06-07 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.580 -0.010 CapitaLand 3.020 -0.030 CapitaMall 1.950 -0.030 CityDev 11.140 -0.140 ComfortDelGro 1.430 -0.020 DBS Grp 14.760 -0.140 F&N 5.890 -0.140 GLP 2.010 -0.040 Genting SP 1.970 -0.020 Golden Agri 0.680 -0.010 HK Land 7.380 -0.040 JMH112 words
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Article65 2011-06-07 8 Jun 6 VALUE CLOSE BT OB/OS -138.00 +82.00 BT CADI -*****.00-167.00 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 749.52 -8.15 FTSE ST Small Cap 523.75 -2.57 FTSE ST All Share 762.17 -7.63 FTSE ST China Top 255.32 -4.09 FTSE ST China 293.28 -4.21 FTSE ST65 words
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Article58 2011-06-07 8 VOLUME Artivision 192,686,000 Genting SP 55,447,000 SwingMedia 38,287,000 Golden Agri 30,475,000 Contel R 28,211,000 Healthway 26,781,000 Nam Cheong 24,590,000 NOL 20,564,000 Transcu Grp 18,378,000 Gallant 17,374,000 VALUE($) Genting SP 109,103,370 DBS Grp 74,726,870 SingTel 47,618,650 Keppel Corp 42,500,040 Artivision 40,134,370 UOB 36,712,250 NOL 35,850,390 OCBC Bk 33,984,50158 words
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BROKERS’ TAKE
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Article, Illustration277 2011-06-07 8 Holdings June 6 close: $1.52 DBS VICKERS, June 6 POSITIONING itself for more subsea orders: We note that major subsea EPIC peers have posted robust orders in the first quarter of 2011, an average y-o-y increase of 89 per cent, and see strong order momentum in the quartersSource: Bloomberg - 277 words
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Article, Illustration470 2011-06-07 8 Lynette Khoo - Compiled by Lynette Khoo June 6 close: $1.95 OCBC Investment Research, June 6 Tender award: CapitaMall Trust (CMT) has been successfully awarded the Jurong Gateway site, located at Boon Lay Way by URA on May 30 at a tender price of $969 million (S$1,1012 psf ppr). This wasSource: Bloomberg - 470 words
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Article121 2011-06-07 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter TP121 words
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Article, Illustration494 2011-06-07 8 CURRENCIES Reuters [NEW YORK] The euro fell yesterday after a German official suggested that a second Greek bailout was not yet certain, but traders said the prospect of higher euro zone interest rates would probably limit the currency’s losses. Policymakers have inched towardsReuters; FILE PHOTO - 494 words
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Article117 2011-06-07 8 BY CENTS CLOSE UP JMH 5336 142.7 2.2 DBXT DBCBLEB 10US$ 2314 103.4 3.8 GLD 10US$ ***** 88.6 0.5 DBXT S&P Short 10US$ 4315 61.5 1.2 UOB 5.05%NCPS 100 ***** 28.0 0.3 OCBC Bk 4.5%NCPS 100 ***** 24.0 0.2 DBXT MSINDO 10us$ 1551 20.9 1.1 Lyxor Malaysia 10US$ 984117 words
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Article119 2011-06-07 8 BY CENTS CLOSE DOWN DBXT S&P500 10US$ 2058 -82.4 -3.2 Lyxor India Nifty 10 1460 -81.0 -5.3 DBXT FTVietnam 10US$ 2923 -76.3 -2.1 JSH 2988 -64.0 -1.7 Jardine C&C 3904 -46.0 -1.2 DBXT MSAsExJp 10US$ 3403 -29.5 -0.7 DBXT FTChina25 10US$ 3178 -28.3 -0.7 UOB 1920 -28.0 -1.4 STXPO119 words
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Advertisement147 2011-06-07 9 Direct Market App Singapore’s first iPhone app to offer Direct Market Access CFDs. Trade on the move and directly into the order book on over 7000 global shares. Another innovation from Singapore’s No. 1 for CFD Customer Satisfaction.* Whether OTC or DMA, now you can take a position at guaranteed147 words
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SINGAPORE NEWS
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607 2011-06-07 10 TEH SHI NING - Too early to assess if damages will exceed last year’s, say businesses insurers By TEH SHI NING THE Orchard Road Business Association (ORBA) yesterday voiced disappointment with national water agency PUB’s flood prevention measures and flood alarm system. Executive director Steven Goh said it607 words
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341 2011-06-07 10 JASMINE NG - By JASMINE NG SINGAPOREANS continue to show confidence in the state of their personal finances, job prospects and ability to spend, according to the latest Nielsen’s Global Consumer Confidence Index survey. The survey found that 64 per cent of consumers believe the state of their341 words
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Article515 2011-06-07 10 JAMIE LEE - Poorer, agricultural economies stand to gain, says DBS By JAMIE LEE HIGHER food prices can be more punishing on urban economies such as Singapore and the poor living in these countries, but can lift Asia overall by boosting the larger, poorer and more agricultural economies515 words
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340 2011-06-07 10 CONRAD TAN - By CONRAD TAN SINGAPORE will host some 450 figures in the Islamic finance industry this week to discuss how best to drive the industry’s growth. The second Asia summit of the yearly World Islamic Banking Conference (WIBC) will take place over two days starting340 words
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180 2011-06-07 10 NEW members have been appointed to the Institute of Certified Public Accountants of Singapore’s (ICPAS) Auditing and Assurance Standards Committee (AASC) as part of its talent renewal process. Yeoh Oon Jin, head of Assurance at PricewaterhouseCoopers and out-go-ing AASC vice-chairman, has been appointed chairman. The180 words
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Article, Illustration513 2011-06-07 10 CLARISSA TAN - Voices of actors are lost in outdoor setting SINGAPORE ARTS FESTIVAL By CLARISSA TAN THE Conference of the Birds, Jeremiah Choy’s reprisal of the late William Teo’s well-known 1991 theatre production, is a heart-felt, sincere performance let down by bad acoustics. At first glance, the513 words
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641 2011-06-07 10 CLARISSA TAN - By CLARISSA TAN RADIO Muezzin is one of those plays which are very good and very pertinent, but which falls some way short of being thoroughly enjoyable; since some plays can be both important and fun. As a kind of experimental theatre641 words
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Article294 2011-06-07 10 TAM YU LING - By TAM YU LING PAPERLESS airline cabins can now be a reality if SmarttPapers Aviation has its way. The company announced yesterday that it plans to create paperless cabins by cutting down on the amount of paper used by magazines and newspapers provided in-flight. By294 words
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SME Inc
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Article, Illustration956 2011-06-07 11 ENYA LIM - Extra Space Self Storage has seen steady growth in the past few years since its 2007 opening, reports ENYA LIM WITH a conspicuous red and blue colour scheme in its facility, four-year-old storage letting business Extra Space Self Storage makes a bold statement. “All partARTHUR LEE - 956 words
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Article, Illustration675 2011-06-07 11 HOON YI SHYUAN - By HOON YI SHYUAN PERSISTING through its years of losses, Addvalue Technologies has finally established itself as a reliable developer and manufacturer of mobile satellite terminals and is riding on the waves of success. Most recently, the company posted a record high netYEN MENG JIIN - 675 words
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416 2011-06-07 11 ASK NUS PROFS Q: A department in my company has been experiencing a rather high turnover rate. With a full headcount of only nine staff, the department has seen more than 10 staff come and go in about one-and-a-half years, affecting the continuity of our operations.416 words
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434 2011-06-07 12 TEH HOOI LING - By TEH HOOI LING DISMAL jobs figures in the United States which pointed to a faltering recovery in the world’s largest economy are scaring off investors. Last Friday, the US Labor Department reported that the economy added a paltry 54,000 jobs434 words
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Article, Illustration852 2011-06-07 12 MAXIE AW YEONG - The company is now recognised for its high level of quality management, reports MAXIE AW YEONG EMBRACING development and change that was how EMS Energy managed to move from the red in 2009 to black last year. EMS Energy is now a companyYEN MENG JIIN - 852 words
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406 2011-06-07 12 HOON YI SHYUAN - By HOON YI SHYUAN WORD-OF-MOUTH advertising may sound dated in the days of Internet memes, but homegrown Wildfire’s modern take on it is giving traditional advertising models a run for their money. Started in 2009 by INSEAD alumni Christoph Zrenner and Benjamin406 words
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Article, Illustration577 2011-06-07 12 SHEERE NG - By SHEERE NG WHILE it may be a natural instinct to want to do battle with one’s competitors, it may actually be wiser for small companies to learn how to work with the big boys. Excel Marco, a homegrown company that provides process automation andYEN MENG JIIN - 577 words
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Article, Illustration806 2011-06-07 13 JOHNATHAN LEE - Survive the ‘death valley’ by following a few simple rules COMMENTARY By JOHNATHAN LEE The writer is senior manager at Ideas Bank Cradle Fund, a programme in Malaysia that allows innovative entrepreneurs to make the jump from a technology idea to a successful start-up. He806 words
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Advertisement558 2011-06-07 12 CHINAYONGSHENG LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2032R) NOTICE OF EXTRAORDINARY GENERAL MEETING The terms and expressions not defined herein have the same meanings as ascribed to them in the Circular. NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of the shareholders of558 words
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Advertisement29 2011-06-07 13 n o _r FIND THE ONES THAT FIT! Q Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg J to advertise. 1 I ri29 words
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Advertisement175 2011-06-07 13 SHIFT_the way you move NISSAN IF YOU CAN'T HANDLE THE ATTENTION, DRIVE A SEDAN. 9 Nissan Xovers If you love cruising the roads and bruising some ego, join the Nissan Crossover league. Where every drive is an ego trip of power and dynamism. Arrogance may be in our blood, but175 words
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ECONOMY WATCH
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Article, Illustration854 2011-06-07 14 Analysts are worried that the economy’s lull may be long, leaving it vulnerable Bloomberg [WASHINGTON] A string of disappointing economic data capped by last week’s jobs report is prompting even some of the more optimistic economists to question the durability of the USBloomberg; REUTERS - 854 words
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Article, Illustration516 2011-06-07 14 AFP [CAIRO] The International Monetary Fund (IMF) has granted Egypt a loan of US$3 billion over 12 months to help put its economy back on track, Finance Minister Samir Radwan announced on Sunday. “Egypt announces the end of negotiations withAFP - 516 words
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577 2011-06-07 14 Derivatives and new products raise level of danger: analysts Bloomberg [NEW YORK] The risk of owning US government debt is as great as any time since the 1950s with yields at the year’s lows and Treasury Secretary Timothy Geithner lockingBloomberg - 577 words
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288 2011-06-07 14 Reuters [SYDNEY] Australian job advertisements in newspapers and online fell by the most in over two years in May, echoing a slowdown in the formerly brisk pace of employment growth nationally, a report showed yesterday. The survey by Australia and New Zealand BankingReuters - 288 words
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238 2011-06-07 14 Reuters [MANILA] The Philippine central bank said it has lifted the last remaining restriction on bank branching by allowing banks to open new branches in eight key cities in the capital, a move aimed at promoting competition and improving financial services. TheReuters - 238 words
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363 2011-06-07 14 Reuters [WASHINGTON] Executives from Google, Citigroup, Boeing and other US companies are visiting Cairo this week to explore opportunities in post-Mubarak Egypt and urge the interim government to tackle problems that have discouraged foreign investment in the past. “We are reallyReuters - 363 words
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MALAYSIA
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Article, Illustration626 2011-06-07 15 PAULINE NG - Critics push for more transparency, say pacts heavily favour power producers By PAULINE NG By in Kuala Lumpur THE Malaysian government is coming under increasing pressure to reveal the terms of power purchase agreements (PPAs) enjoyed by the country’s independent powerAFP - 626 words
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Article, Illustration470 2011-06-07 15 AFP [KUALA LUMPUR] Malaysian opposition leader Anwar Ibrahim failed in his third bid yesterday to remove the trial judge in his drawn-out sodomy case. The 63-year-old is on trial over allegations that he sodomised a 25-year-old former aide at an upmarket apartment inAFP; AP - 470 words
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403 2011-06-07 15 This means it’s likely to ship less LNG to top buyers in Asia Reuters [KUALA LUMPUR] Malaysia, the No 2 liquefied natural gas exporter, expects its first LNG imports in 2013, a presentation by a senior government official showed yesterday, as powerReuters - 403 words
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279 2011-06-07 15 AFP [KUALA LUMPUR] Malaysian state energy firm Petronas said yesterday that the crude oil market’s current fundamentals call for lower oil prices. “Given the current state of market fundamentals and cost environment, I believe prices should remain within the range of US$75-80 aAFP - 279 words
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Advertisement1 2011-06-07 15 Tosubscribe,call6388-3838orgotosphsubscription.com.sg1 words
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Advertisement98 2011-06-07 15 NOTICE SC GLOBAL DEVELOPMENTS LTD is the proprietor in Singapore of the following trademarks: THE ULTIMATE LIVING OWN THE ORIGINAL THE MARQ HILLTOPS Members of the public are notified that SC GLOBAL DEVELOPMENTS LTD will take appropriate action against any party who makes unauthorized use of its name, incorporates its98 words
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Advertisement95 2011-06-07 15 NOTICE SC GLOBAL SC GLOBAL PTE LTD is the registered proprietor in Singapore of the trademark shown above. Members of the public are notified that SC GLOBAL PTE LTD will take appropriate action against any party who makes unauthorized use of its name, incorporates its registered trademark into a company95 words
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GREATER CHINA/INDIA
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450 2011-06-07 16 Beijing daily warns Net firm that its hacking attack statements may backfire Reuters [BEIJING] Google has become a “political tool” vilifying the Chinese government, an official Beijing newspaper said yesterday, warning that the US Internet giant’s statements about hacking attacks traced to ChinaReuters - 450 words
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Article, Illustration643 2011-06-07 16 This is the territory’s largest consumer goods share sale Bloomberg [HONG KONG] Prada’s initial public offering is poised to raise as much as US$2.6 billion, making the Italian company’s share sale the largest consumer-goods IPO in Hong Kong. The Milan-basedBloomberg; FILE PHOTO - 643 words
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Article, Illustration445 2011-06-07 16 Bloomberg [NEW DELHI] India’s monsoon, the main source of irrigation for the nation’s 235 million farmers, advanced to the biggest cotton, sugar cane and rice-producing regions almost a week ahead of schedule, aiding early planting of crops. Monsoonal rains covered Mumbai, most partsBloomberg; AP - 445 words
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467 2011-06-07 16 7,300 km expansion includes new roads and widening work Bloomberg [NEW DELHI] India will award 550 billion rupees (S$15.1 billion) of highway construction projects this year, its biggest expansion, as the nation aims to remove infrastructure bottlenecks that hinder economic growth.Bloomberg - 467 words
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389 2011-06-07 16 Reuters [NEW DELHI] India’s Supreme Court called on the government yesterday to explain why it sent hundreds of police to end a peaceful anti-graft protest by a popular yoga guru and his followers, spelling more trouble for embattled Prime Minister ManmohanReuters - 389 words
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WORLD
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Article, Illustration732 2011-06-07 17 Diplomats praise his achievements, say he is almost certain to win re-election AP Reuters [UNITED NATIONS] Ban Ki-moon formally asked the UN Security Council to support his candidacy for a second five-year term as UN secretary-general, according to a letter obtained byAP; Reuters; REUTERS - 732 words
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214 2011-06-07 17 Bloomberg [NEW YORK] Warren Buffett’s lunch auction to benefit a San Francisco charity has drawn a top offer of US$1.51 million with four days of bidding remaining, putting the annual fundraiser ahead of last year’s pace. The weeklong auction on EBay Inc, whichBloomberg - 214 words
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477 2011-06-07 17 AFP [BERLIN] The source of a killer bacteria remained elusive yesterday after Germany announced that initial tests on suspected organic sprouts had proved negative, while the outbreak’s death toll grew to 23. The probes were carried out on a farm inAFP - 477 words
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Article, Illustration523 2011-06-07 17 It sought support for tax hikes, welfare cuts at hustings AP [LISBON] Portugal’s Social Democrats unseated the Socialist government in an emphatic election victory, giving the centre-right party a strong mandate to enact a grinding austerity programme demanded in return forAP; AFP - 523 words
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680 2011-06-07 17 It has to drop euro and default on its debt to resolve crisis Bloomberg [ATHENS] Greece’s exit from the European Monetary Union, a choice European Central Bank president Jean-Claude Trichet described as the “worst possible option”, may yetBloomberg - 680 words
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621 2011-06-07 18 Pressure mounts on PM to quit to ease way for smoother policymaking Reuters [TOKYO] Japanese voters want the ruling party to form a coalition with its main rival instead of governing on its own, a published poll showed yesterday, as pressureReuters - 621 words
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Article, Illustration483 2011-06-07 18 Decision on raising quota likely to be deferred: analysts Bloomberg [VIENNA] Opec ministers meeting in Vienna this week will find themselves supporting opposing camps of a military conflict for the first time in 21 years, with hostilities in Libya complicating an agreementBloomberg; REUTERS - 483 words
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Article, Illustration450 2011-06-07 18 Bloomberg [WASHINGTON] Nobel laureate Peter Diamond, nominated three times by President Barack Obama to serve on the Federal Reserve’s board of governors, will ask the White House to withdraw his nomination in the face of Republican opposition. Mr Diamond announced he won’t seek theBloomberg; BLOOMBERG - 450 words
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396 2011-06-07 18 AFP [CALAIS, France] The interior ministers of Britain and France inspected security at the Channel Tunnel between their countries yesterday amid concerns that the Arab revolts will trigger a wave of immigration. Theresa May and Claude Gueant toured the checkpoints and hangarsAFP - 396 words
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207 2011-06-07 18 AFP [SYDNEY] Rupert Murdoch’s News Limited is set to make readers of national broadsheet The Australian pay to read premium content online, a report said yesterday. Richard Freudenstein, chief executive of News Limited’s digital business and The Australian, is due toAFP - 207 words
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Page 18 Advertisements
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Advertisement26 2011-06-07 18 Over 91,216 downloads! I91.3FMI ■iGurtaumnl Sfow«/Tl\is... |.x W 913FM Get your fl"GG iPhone/iPad app now! *as of 6th May 2011 91.3FMI limmia TODflV S BEST MUSIC26 words
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Advertisement10 2011-06-07 18 WWW.OI S V w H ft I b K^PSRJ showbiz.omy-sg10 words
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AVIATION
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Article, Illustration802 2011-06-07 19 VEN SREENIVASAN - Airlines now safer, stronger, leaner and greener but still no sustainable profits Reports by VEN SREENIVASAN [SINGAPORE] Despite making US$60 billion in savings during the past decade by slashing costs 9 per cent, increasing fuel efficiency 24 per cent and improving labour productivity 67 per802 words
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Article, Illustration519 2011-06-07 19 AVIATION SUMMIT [SINGAPORE] A CEO panel discussion at the International Air Transport Association (Iata) summit yesterday on the issue of free and fair competition turned into a robust debate when some airline heads implied that Middle Eastern carriers enjoyed government support amounting to subsidies.AP - 519 words
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Article160 2011-06-07 19 Reuters [SINGAPORE] China’s top aviation industry body ramped up pressure on the European Union yesterday, saying that it would give full support to legal action against the forced entry of airlines into the EU’s carbon trading scheme. From Jan 1 next year, the EUReuters - 160 words
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Article3265 2011-06-07 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad NH6292 1855 SQ530 1855 Amsterdam3,265 words
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Page 19 Miscellaneous
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Miscellaneous344 2011-06-07 19 CRYPTIC CROSSWORD Across 1 Is he used to getting drunk in pubs? (4,6) 6 Express disapproval bearing gift (4) 10 Gold coin in America in circulation (5) 11 Fat Charlie gets rich importing rubies originally (9) 12 Burgeoning retail activity taking in women (8) 13 In America, one shoots a344 words
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3039 2011-06-07 20 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E 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 Destination3,039 words
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Page 20 Advertisements
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Advertisement18 2011-06-07 20 TO ADVERTISE, CALL JOE WONG AT *****327 IL* here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES18 words
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SHIPPING/AVIATION
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Article, Illustration519 2011-06-07 21 It will focus on shipping and jet fuels in report to G-20 in October Reuters [BONN, Germany] The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G-20 governments later this year on raising climate finance,Reuters; FILE PHOTO - 519 words
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359 2011-06-07 21 Reuters [SINGAPORE] Qantas Airways Ltd has said that it expects to increase airfares to cover soaring fuel costs while the delivery of two Airbus A380 aircraft is likely to be delayed by two to three months. Higher jet fuel prices have hurtReuters - 359 words
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628 2011-06-07 21 Criticism of plan for same engine for all models sparks move Reuters [SINGAPORE] Rolls-Royce is set to build a new engine to beef up the A350 jetliner being developed by Airbus in a costly rethink of strategy for Europe’s most ambitious new planeReuters - 628 words
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317 2011-06-07 21 Bloomberg [SINGAPORE] Piracy in the Indian Ocean has “soared” since 2005, increasing costs for businesses and governments, Indian Defence Minister M M Pallam Raju said. The number of incidents in the Indian Ocean region increased to 445 in 2010 from 276 in 2005, heBloomberg - 317 words
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283 2011-06-07 21 Reuters [MOSCOW] Russia’s Global Ports is seeking up to US$750 million from an IPO of shares in London, a source close to the deal said, making it the latest Russian firm to raise funds from capital markets. The company, a unit of privateReuters - 283 words
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Page 21 Advertisements
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Advertisement29 2011-06-07 21 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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Advertisement15 2011-06-07 21 Experienced l>h/p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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EDITORIAL & OPINION
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499 2011-06-07 22 EDITORIAL DESPITE all his troubles, and against the odds, it must be said that Thai Prime Minister Abhisit Vejjajiva has exceeded most people’s expectations during his 42 months in office. Having come to power at the peak of the global financial crisis,499 words
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769 2011-06-07 22 DANIEL GROS - THE BOTTOM LINE By DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate GREECE’S ballooning public debt is again throwing Europe’s financial markets into turmoil. But why should a debt default by the government of a small,Project Syndicate - 769 words
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Article, Illustration1043 2011-06-07 22 JEFFREY FRANKEL - Many of the best candidates for IMF chief are now from emerging economies By JEFFREY FRANKEL Jeffrey Frankel is Professor of Capital Formation and Growth at Harvard University’s Kennedy School of Government EVERY time the International Monetary Fund awaits a new managingAP; AFP; BLOOMBERG; REUTERS - 1,043 words
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Article, Illustration1327 2011-06-07 23 MAK YUEN TEEN - Bold steps needed; big decisions must have stronger shareholder support than one-share-one-vote and majority support By MAK YUEN TEEN The writer is associate professor of accounting at NUS Business School, where he teaches corporate governance and ethics THE proposal by the Singapore Exchange to mandateBLOOMBERG - 1,327 words
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Article, Illustration1021 2011-06-07 23 LEON HADAR - LEON HADAR Washington Correspondent ATSUNAMI of bad economic news is raising new concerns about the prospects for the recovery of the US economy and for the re-elec-tion of US President Barack Obama. While it may too early to consider the likelihood of aAFP - 1,021 words
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SINGAPORE STOCKS
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Article8273 2011-06-07 24 Transaction date: Jun 6 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 16 15 16 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 8 -0.5 411 8.5 8 7.5 8.58,273 words
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Article1540 2011-06-07 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 4 4.5 19 3.9 202 145 t APStrategic 161 152 160 95.5 1.5 0.5 t Advanced System 0.51,540 words
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Article9833 2011-06-07 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.11/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.76/ Aberdeen Asset Mgt Asia Limited American Opp 0.651/ Asian Credit Fund9,833 words
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Article248 2011-06-07 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A47.5 -2.5 1 47.5 47.5 47.5 49.5 3.6 7.4 3.8 123.7 55 16 Genting HK US$ US39.5 -1 6608 40 39.5 39 39.5 2600.9248 words
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Article855 2011-06-07 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 115 121 538.6 1077 761 CIMBAsean40 100US$ US1058 1036 1054 42.3 350 279 DBS STI ETF 100 317 -1855 words
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FINANCE & COMMODITIES
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374 2011-06-07 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 3 Index Change Change Change Change Change Change World Index Preliminary 903.5 -0.6 0.6 -0.6 -0.8 -0.3 3.2 EAFE Preliminary 779.9 -0.4 -2.6 -0.1 -1.2 0.2 2.8 Europe Preliminary 1166.1 -0.2374 words
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Article178 2011-06-07 26 Jun 6 Bid $S Offer Bid 0vernight 0.01 0 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.37 0.27 6 months 0.47 0.37 9 months 0.70 0.50178 words
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Article24 2011-06-07 26 Jun 6 Jun 6 S$ Bid Offer 1-month 1.2304 1.2314 2-months 1.2303 1.2314 3-months 1.2303 1.2313 6-months 1.2301 1.2311 Source: OCBC24 words
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Article149 2011-06-07 26 Jun 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 521.0 519.0 519.0 26 104 Aug 11 65 Sep 11 335 Oct 11 507.0 506.0 507.0 22 190 Nov 11 161 Dec 11 499.1 499.0 499.0 25149 words
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Article79 2011-06-07 26 Jun 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 08.09.2011 0.33 0.32 0.30 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.16 5-Year N*****0W 1.125 01.04.2016 100.20 10-Year NX*****X79 words
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Article107 2011-06-07 26 Jun 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1414.50 1407.00 1419.50 1404.50 Aug 11 1407.50 1400.50 1412.00 1398.75 Sep 11 1401.50 1396.25 1406.50 1394.50 Nov 11 1397.00 1392.75 1403.25 1390.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 58.73107 words
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Article77 2011-06-07 26 CRUDE OIL PRODUCTS Jun 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.77 0.72 WTI (Near Mth) 100.45 -0.04 Dubai (1-Mth F) 108.38 0.38 Tapis blend 121.27 0.86 Minas 118.67 0.86 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.16 -0.17 Jet Kerosene 129.10 1.60 US$/barrel Opec Oil77 words
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2588 2011-06-07 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 22 3.00 8 AlliedTech W*****2 2 1 4 29 Asia Water Tech Ltd W*****8 3.5 unch2,588 words
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Article121 2011-06-07 26 Jun 06 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.363 1.286 Can dollar 1.279 1.23 Euro 1.83 1.76 Sterling pound 2.058 1.979 NZ dollar 1.031 0.982 US dollar 1.244 1.197 Local dollars to 100 units of foreign121 words
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Article28 2011-06-07 26 Jun 6 Jun 6 Open High Sett STI Jun 3114 SIMSCI Jun 366.3 367.3 360.8 Taiwan Jun 321.1 321.7 Source: MF Global (S) Pte Ltd28 words
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Article67 2011-06-07 26 Jun 6 Jun 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3472 3434 3472 3423 359 1906 Jul 11 3441 3404 3453 3401 1760 ***** Aug 11 3420 3388 3440 3385 9549 ***** Sep 1167 words
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Article468 2011-06-07 26 Jun 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7450 0 1933 Sep11 99.6700 0 5955 Dec11 99.6150 0 3443 Mar12 99.5400 0 1677 EUROYEN TIBOR FUTURES Jun11 99.6700 0 5803 Sep11 99.6675 0 1466 Dec11 99.6700 0 1957 Mar12 99.6575 0 4177 Jun12 99.6700468 words
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Article464 2011-06-07 26 Jun 6 Jun 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.055 6.969 0.736 8.366 48.122 91.501 0.863 11.599 3.232 1.317 92.480 46.479 1.324 7.195 0.898 30.832 32.575 0.655 1.076 Canada464 words
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Article85 2011-06-07 26 Jun 6 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-06-07 26 Jun 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3228 1.3251 1.0751 1.0761 Canadian dollar 1.2547 1.2563 1.0198 1.0202 Euro 1.7991 1.8010 1.4622 1.4626 NZ dollar 1.0046 1.0061 0.8165 0.8170 Sterling pound 2.0203 2.0223 1.6420 1.6423154 words
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Article140 2011-06-07 26 Jun 6 GOLD (US$/oz) Jun 02 Jun 03 Hong Kong 1543.90 1535.00 Jun 03 Jun 02 London 1537.93 1526.19 1538.74 1527.01 Source: Thomson Reuters CAST BAR Jun 06 (S$) Selling Buying Kilobar 65,421.94 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 416 305 10gm 743140 words
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Article71 2011-06-07 26 Jun 3 Jun 3 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2621.25 2597.25 3 months 2637.00 2616.00 Copper, Grade A (US$/tonne) Cash 9087.75 8907.00 3 months 9099.00 8920.00 Lead (US$/tonne) Cash 2436.00 2408.50 3 months 2433.00 2405.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-06-07 26 Jun 3 COCOA (£/tonne) Close Prev High/Low Jul 11 1779 1796 1797/1770 Sep 11 1800 1817 1817/1790 Dec 11 1826 1845 1843/1817 Mar 12 1848 1868 1865/1840 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2489 2471 2531/2450 Sep 11 2528 2505 2564/2487 Nov 11 2553 2532 2585/2515 Jan 1282 words
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PROPERTY
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Article, Illustration847 2011-06-07 27 US housing market booms on TV From designers making over homes to decorators with 7-figure budgets, television has it all NYT [NEW YORK] Last week came the unhappy news that the US housing market had plunged in March, with analysts telling us that the downward spiral would proceed indefinitely. FaithNYT; AP - 847 words
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Article, Illustration811 2011-06-07 28 Thousands of Saint Petersburg residents live in cramped ancient buildings AFP [SAINT PETERSBURG] With its high ceilings and large windows looking out onto a church, Natalya Zavyalova’s flat retains an air of gracious living, a throwback to its pre-revolution-ary past. Once a singleAFP - 811 words
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185 2011-06-07 28 Reuters [NEW YORK] Starwood Hotels and Resorts Worldwide Inc said it is moving its global headquarters to Shanghai for a month, as the hotel operator focuses on growing economies like China and India and pushes to become a global brand. The company,Reuters - 185 words
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424 2011-06-07 28 Bloomb erg [TORONTO] Home Capital Group Inc, the Canadian lender that offers home loans to people unable to borrow from larger banks, is focusing on more profitable uninsured mortgages as housing demand increases, president Martin Reid said. “You’ll see activity in that spaceBloomberg - 424 words
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198 2011-06-07 28 Bernama [KUALA LUMPUR] Cyberview Sdn Bhd has RM2.52 billion (S$1 billion) worth of developments in the pipeline in Cyberjaya for this year, which will be achieved through further land sales of enterprise, commercial, institutional and residential space. In a statement yesterday, itsBernama - 198 words
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624 2011-06-07 29 EMILYN YAP - HK leads with 14% q-o-q jump; S’pore market to cruise along in 2011: CBRE By EMILYN YAP CAPITAL values of luxury homes in Asia rose 5.5 per cent over the quarter to Q1, exceeding the 0.9 per cent gain seen in Q4624 words
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Article, Illustration229 2011-06-07 29 BOUTIQUE developer Clydesbuilt Group will launch Eleven@Holland, a cluster-landed housing project off Old Holland Road in District 10, this weekend. Prices at the project, which comprises 82 stratatitled semi-detached units, will start from $1,050 per square foot (psf). Units at Eleven@Holland comprise solely of four- and five-bedroom229 words
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229 2011-06-07 29 Bloomberg [MUMBAI] 3i Group plc-backed Indiareit Fund Advisors Pvt plans to invest two billion rupees (S$55 million) in a residential project with the Ambience Group, in its first investment in the New Delhi region. The 15 billion rupee project will be developed on 17.63Bloomberg - 229 words
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Page 27 Advertisements
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Advertisement242 2011-06-07 27 For Sale by Tender Rare Commercial/Residential Development Site in Shenton Way East Coast Shoreline Panoramic Sea View Spanning the East Coast Shoreline to Sentosa •Arguably the last private “Island” plot with sea-view for sale along Shenton Way •Existing 21-storey office building, GFA of 210,729 sf approx •Site area: 19,736 sf242 words
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Advertisement193 2011-06-07 27 Credo I Bungalow Land for Sale At Ringwood Road REAL ESTATE Mountbatten MRT e Dakota <7 MRT Cheng 5 Goodman i Canadian I U--0 Int'l Sch Brankaome —j Subject Prop Parkway East Land 16,053 sq ft; Freehold Off Mountbatten Arthur Road wide fruitage iffers also welcome for sub-plots of 5,000-193 words
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Advertisement74 2011-06-07 27 FOR SALE BY TENDER Orchard Road Paterson Road Kellock Rd Orchard (NS22) Somerset (NS23) River Valley Road ISS International School Kellock Lodge Great World City River Valley Primary School Central Expressway (CTE) COLLECTIVE SALE KELLOCK LODGE Freehold; prime district 10 Land Area 21,783 sf “Residential” with plot ratio 2.8 Walking74 words
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Page 28 Advertisements
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Advertisement141 2011-06-07 28 PRIME ORCHARD AREA COMMERCIAL SPACE nomu Handy Road avant-garde double-storey commercial space contemporary architecture by multi-award winning WOHA wide street frontage, opposite Dhoby Ghaut MRT sale/lease freehold 582 sm (6,265 sf) exclusive, private lift lobby, parking, alfresco terraces ideal for all commercial uses retail/showroom/exquisite offices Kevin Lai +65 9060-2228 kevin_lai@dtzresale.sg141 words
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Advertisement163 2011-06-07 28 ElizabethTower A Site Befitting aTruly Iconic Super-Luxurious Condominium Elizabeth Tower The Paragon Safeguarded 3-storey Landed Estate Orchard Road Ngee Ann City In the Heart of Orchard Road’s Shopping Hospitality Belt Land 54,318 sf; Freehold; up to 36 storeys Allowable GFA 277,682 sf (incl balconies) Great views of ION Orchard, Marina163 words
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Advertisement57 2011-06-07 28 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. •AMMAN WANTS"?. a SO««ST<CA',y> MSCOMCffn r ..tnuM COMM un ®SST 3®-"" presidential conversation S ft mere growing For more details,57 words
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Page 29 Advertisements
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Advertisement102 2011-06-07 29 WHERE THE SKY MEETS THE SEA A rare site with more than 300m span of sea frontage along East Coast Parkway with expansive views beyond the horizon. Laguna Park: a diamond in the rough, and an opportunity to redefine architectural boundaries. Knight Frank A 4 m i Collective sale of102 words
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Advertisement211 2011-06-07 29 v Estate Agent Licence No. L*****36J Tranquil, hillside plot off Pasir Panjang Road Vista Park Land area 29,659.1 sq m (approx. 319,248 sq ft) ʻResidentialʼ with GPR 1.4 Next to Kent Ridge Park Rd Near NUS, CBD, RWS and Vivocity Near Pasir Panjang MRT (U/C) Well connected to West Coast211 words
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INFINITE SPACES
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Article, Illustration1164 2011-06-07 30 UMA SHANKARI - Singaporean real estate players take a long-term view of the investment potential of the country’s many cities, reports UMA SHANKARI PROPERTY investors have been paying more attention to China over the last 18 months as real estate markets recover across the globe. China,1,164 words
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Advertisement118 2011-06-07 30 FT ascendas v |ty T .VIETNAM lF.fi IF. •tii fa' \y/ Ha t />} A Space to be What would you like your space to be? At Ascendas, we challenge conventions to create spaces that liberate the imagination and provoke new thinking. With one of footprints in Asia, Ascendas has118 words
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