The Business Times, 14 June 2011
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2011-06-14
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The Business Times
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Title Section24 2011-06-14 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, June 14, 201124 words
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842 2011-06-14 1 UMA SHANKARI - A sector already facing supply glut at home now wrestles with prospect of downturn in China By UMA SHANKARI [SINGAPORE] Singaporelisted property stocks with significant exposure to the Chinese market fell yesterday as data from China raised concerns that a slowdown in the world’s842 words
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Article, Illustration679 2011-06-14 1 TEH SHI NING - Firms are less optimistic about business prospects over next 6 months By TEH SHI NING [SINGAPORE] Singapore’s GDP growth could slow to 6.7 per cent this quarter, according to leading indicators of the latest BT-UniSIM Business Climate Survey. Given April’s contractionSource: BT-UniSIM Business Climate Survey - 679 words
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Article144 2011-06-14 1 HST INDEX 3,059.04 (-19.31) H ST INDEX FUTURES 3,059 (-20) H SIMSCI 354.39 (-2.92) H SIMSCI FUTURES 354.70 (-2.10) FOREX US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.627 2.013 EURO (US$/S$/E) 1.436 1.776 Foreign currency per US$ S$ YEN 80.30 64.90 RM 3.040 2.457 HK$ 7.784144 words
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Advertisement10 2011-06-14 1 SME Inc A silver lining in starting over PAGE 1010 words
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Advertisement44 2011-06-14 1 PROPERTY Developers, agents report slower sales last week PAGE 29 X M Q O 4J1 *>AA-*j6 as» i. Kr > 5? *v A m Depuis 1775 www.breguet.com BREGUET BOUTIQUE B1 -119 THE SHOPPES AT MARINA BAY SANDS 2 BAYFRONT AVENUE SINGAPORE +65 *****006 8 il44 words
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Advertisement11 2011-06-14 1 F1 Jenson Button triumphs at Canadian Grand Prix thriller PAGE 1911 words
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TOP STORIES
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Article, Illustration759 2011-06-14 2 MINDY TAN, JAMIE LEE - US economy is in a bind, made worse by gridlock between parties in Congress By MINDY TAN, JAMIE LEE [SINGAPORE] Global economies are going through more than a “soft patch”, as problems with the US property market and the impasse over itsBLOOMBERG - 759 words
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Article589 2011-06-14 2 Property stocks shaken by China chill SINGAPORE-LISTED property stocks with significant exposure to the Chinese market fell yesterday as data from China raised concerns that a slowdown in the world’s second largest economy could lead to easing demand for homes. China’s lending tumbled in May and money supply589 words
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Article, Illustration594 2011-06-14 2 PM: Latest tremors doesn’t lessen resolve to rebuild Reuters [WELLINGTON] A series of powerful tremors rattled the quake-prone New Zealand city of Christchurch yesterday, destroying buildings and sending boulders tumbling down hillsides, with further strong aftershocks likely. There were no reported fatalities. New Zealand’s– Reuters; AP - 594 words
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614 2011-06-14 4 CHEN HUIFEN - Top line could go to about US$235-250m, after takeover of China firm By CHEN HUIFEN [SINGAPORE] Heart stent maker Biosensors International Group said that its topline growth for the current financial year is likely to be adjusted upwards to 50-60 per cent, from an earlier614 words
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Article, Illustration892 2011-06-14 4 VIRGINIE MANGIN - It’s the only China low-cost carrier, out of 4, to survive By VIRGINIE MANGIN in Beijing IN 2005, four low-cost carriers took off to capture China’s booming travel market, with the promise of cheap domestic flights. Three have crash-landed and, seven892 words
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Article, Illustration739 2011-06-14 4 Banks extend fewer new loans than expected in May [BEIJING] China’s money growth slowed to a 30-month low in May and banks extended fewer new loans than expected as monetary policy weighed on bank lending, but stubborn inflation is expected to persuade theAFP - 739 words
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527 2011-06-14 4 C$3.7b offer is allCanadian challenge to LSE’s agreed bid Reuters [TORONTO] Maple Group launched a C$3.7 billion (S$4.7 billion) hostile bid for Toronto Stock Exchange operator TMX Group yesterday, an all-Ca-nadian challenge to the London Stock Exchange’s (LSE) agreed bid. The Maple GroupReuters - 527 words
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Advertisement197 2011-06-14 3 SINGAPORE SERVICE EXCELLENCE MEDALLION Recognising the heart of excellence The Singapore Service Excellence Medallion celebrates the pinnacle achievement in a new paradigm of service excellence. mSm aovvVvv; V AT AT yV yVyV yV yV yVyVyVyV, V AT /r A /T "A ?r A R~ A /T A r vg. vg197 words
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Advertisement418 2011-06-14 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PARADIZ INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****4803Z) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Paradiz Investments Pte. Ltd. duly convened and held on the 6th day of June 2011,418 words
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COMPANY NEWS
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331 2011-06-14 5 LYNETTE KHOO - ST Marine intends to dispute Louis Dreyfus Armateurs’ $63.5m claim By LYNETTE KHOO ST ENGINEERING’s marine arm ST Marine has received a letter of claim from the lawyers of Louis Dreyfus Armateurs (LDA) for an alleged breach of contract. In the331 words
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Article, Illustration339 2011-06-14 5 MICHELLE TAN - By MICHELLE TAN GIVEN the strength of the Singapore dollar, investors of Mapletree Logistics Trust (MLT) were keen to know more about its currency hedging policy, says Citigroup after hosting MLT on a non-deal road show in Europe. “Natural hedging remains its (MLT’s) preferred hedging strategyFILE PHOTO - 339 words
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250 2011-06-14 5 THANKS to higher profit from its construction segment, Low Keng Huat (Singapore) emerged from its first financial quarter with a 14 per cent rise in net earnings despite a 56 per cent drop in group revenue. The three months ended April250 words
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98 2011-06-14 5 OVERSEA-CHINESE Banking Corporation (OCBC) saw a participation rate of 83.1 per cent of shareholdings for its scrip dividend scheme. The Singapore banking group issued 49.3 million new shares yesterday to shareholders who had elected to participate in the scheme for its final one-tier tax exempt98 words
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Article, Illustration536 2011-06-14 6 LYNETTE KHOO - It sees rising affluence driving demand for better quality health care CHINA VENTURES By LYNETTE KHOO Q&M Dental Group has made further strides in its expansion in China, with another joint venture arrangement with a new Chinese partner underway.FILE PHOTO - 536 words
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281 2011-06-14 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI SHANGHAI BreadTalk Co, a wholly owned subsidiary of BreadTalk International, has entered into a 50:50 joint venture agreement with Japan-incorporated Ajinomoto Bakery Co to set up a company, Shanghai ABPan Co, in China. BreadTalk International is a wholly owned subsidiary281 words
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376 2011-06-14 6 FELDA CHAY - By FELDA CHAY CONTAINER shipping firm Neptune Orient Lines’ (NOL) shares fell 1.8 per cent to $1.62 yesterday amid analyst expectations of weak shipping rates due to a potential oversupply in the market, and carriers’ lack of pricing discipline. The three-cent376 words
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256 2011-06-14 6 FELDA CHAY - By FELDA CHAY KEPPEL Fels, a unit of Keppel Corp, clinched a US$260 million contract to build a semi-submersible rig from Floatel International. The rig is scheduled to be delivered in the first three months of 2014, said Keppel in a statement yesterday. The256 words
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181 2011-06-14 6 JASMINE NG - By JASMINE NG SINGAPORE Post Limited (SingPost) announced yesterday it has entered into a memorandum of understanding (MOU) with Malaysian company Efficient, and has acquired 50 million ordinary shares in Efficient through a private placement. Efficient is primarily involved in providing integrated outsourcing181 words
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441 2011-06-14 6 LYNETTE KHOO - Group tells exchange it’s also considering equity financing By LYNETTE KHOO TRANSCU Group has reassured the stock exchange that a US$5 million shareholder loan to sustain the group’s operations is still forthcoming. It is also considering equity financing as another source of funding,441 words
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COMPANY BRIEFS
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38 2011-06-14 6 IFS Capital’s Malaysian subsidiary, IFS Capital (Malaysia) Sdn Bhd, has been granted a moneylender’s licence. The licence is valid until May 26, 2013, subject to renewal by the Malaysian registrar for moneylenders.38 words
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82 2011-06-14 6 UNITED Fiber System Limited said its wholly owned unit Poh Lian Construction has been awarded a building contract worth $166.8 million from Impac Holdings Pte Ltd, a member of City Developments, for the construction of a condominium at Sengkang West Ave/Fernvale Link.82 words
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95 2011-06-14 6 GLOBAL Yellow Pages said it has entered into a shareholders’ agreement with HubOne Pty Ltd to form a 70-30 joint venture (JV) company in Singapore to be called Global HubOne Pte Ltd. The JV firm will have a proposed initial paid-up share95 words
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Article, Illustration545 2011-06-14 7 WINSTON CHAI - Telco will now publish a speed range for its broadband plans By WINSTON CHAI SINGAPORE Telecommunications has set a new precedent by becoming the first local operator to give consumers a clearer indication of the download speeds they can realistically expect whenAFP - 545 words
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306 2011-06-14 7 PROCEEDS raised through a rights issue by Resorts World Inc (RWI), an associate of Genting Singapore, will help fund the promotion of the “Genting” and “Resorts World” brands in the global arena. RWI, which is equally owned by five shareholders including Genting306 words
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232 2011-06-14 7 JASMINE NG - By JASMINE NG STANDARD Chartered Bank’s Scotts Mall branch, which has become somewhat of a landmark in Singapore, will cease operating next month. The closure is part of the reshaping and reconfiguring of the bank’s network, said Kok Pei Kee, branch sales232 words
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Advertisement142 2011-06-14 5 AL TAMIMI RAJAH COMPANY TANN Advocates Legal Consultants Lawyers who know Asia Doing Business in the Middle East This seminar is jointly organised by Rajah &Tann LLP and AlTamimi Company to celebrate a new business relationship It will feature topics by partners from A1 Tamimi Company which would provide a142 words
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Advertisement174 2011-06-14 5 WA i IKHKS 0 y s "■SsJ? W/A* HID I vs i >i •'WWWW* V v.. S ■I 'ii. V <<> 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 the174 words
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Advertisement159 2011-06-14 6 VICTORIA UNIVERSITY MELBOURNE AUSTRALIA MBA in 1 Year WL j S LE ARNWp Founded in 1916, Victoria University has over 50,000 students and is internationally reputed for its approach to teaching, winning multiple awards for outstanding collaborations between business and higher education. Study for the prestigious Victoria University MBA in159 words
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Advertisement147 2011-06-14 7 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 MARKETS
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Article, Illustration560 2011-06-14 8 R SIVANITHY - Technicals could be at work apart from economic fundamentals, say some brokers STOCKS R SIVANITHY Senior Correspondent WITH Wall Street sending mostly bearish signals for the past fortnight, it came as no surprise that stocks weakened yesterday with the Straits Times Index (STI) dropping 19.31560 words
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Article66 2011-06-14 8 Jun 13 VALUE CLOSE BT OB/OS -608.00 -166.0 BT CADI -*****.00 -214.0 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 737.49 -8.51 FTSE ST Small Cap 513.87 -5.43 FTSE ST All Share 748.90 -5.55 FTSE ST China Top 251.21 -1.52 FTSE ST China 291.22 -1.42 FTSE66 words
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Article186 2011-06-14 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 12 5 0 0 0 0 12 5 Manufacturing 22 83 57 3 4 15 25 87 72 Commerce 10 26 22 1 4 2 11 30 24 Tpt/Stor/Comms 5 18 22186 words
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Article199 2011-06-14 8 LYNETTE KHOO - June 13 close: $0.62 DBS Vickers Research, June 13 BROKERS’ TAKE Compiled by LYNETTE KHOO WE ARE retaining our “buy” call for Starhill Global Reit following updates from management and the Hong Kong non-deal roadshow. Starhill Global Reit’s unique value proposition lies in its prime retail offering199 words
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Article121 2011-06-14 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 24,838 24,838 48,010 48,010 Manufacturing 204,665 12,663 217,328 133,961 525 134,487 Commerce 68,868 3,920 72,788 87,002 392 87,393 Tpt/Stor/Comms 112,192 5,885 118,077 166,846 746 167,592 Finance 21,976 21,976 202,288 202,288 Construction 29,441 1,592 31,033 8,426121 words
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Article107 2011-06-14 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.500 -0.050 CapitaLand 2.910 -0.050 CapitaMall 1.940 CityDev 10.440 -0.220 ComfortDelGro 1.410 +0.010 DBS Grp 14.340 -0.180 F&N 5.660 GLP 2.060 +0.030 Genting SP 1.900 -0.040 Golden Agri 0.675 HK Land 7.330 JMH 51.500 -0.260 JSH 29.980107 words
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Article, Illustration477 2011-06-14 8 CURRENCIES Reuters [LONDON] The euro hit a record low against the Swiss franc yesterday, as worries over attempts to deal with the Greek debt crisis made investors shy away from the common currency and seek relative safety in the franc. Volumes wereReuters; BLOOMBERG - 477 words
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Article61 2011-06-14 8 VOLUME Genting SP 120,703,000 Golden Agri 59,805,000 MDR 39,972,000 HPH Trust US$ 29,069,000 Nam Cheong 27,295,000 CapitaLand 21,741,000 Artivision 21,305,000 Noble Grp 20,499,000 *Genting HK US$ 17,242,000 NexGenSCom 16,854,000 VALUE($) Genting SP 229,556,240 DBS Grp 82,452,160 CapitaLand 62,766,290 UOB 59,255,120 Noble Grp 40,472,280 Golden Agri 40,070,255 SingTel61 words
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Article108 2011-06-14 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 103.9 0.7 DBXT FTChina25 10US$ 3146 53.2 1.4 DBXT S&P Short 10US$ 4379 43.3 0.8 DBXT FTVietnam 10US$ 3024 33.4 0.9 Lyxor China H 10US$ 1629 21.0 1.1 CapitalaMBLePW*****1 49.5 16.5 50.0 Asia Pac Brew 2640 10.0 0.4 JSH 2998 9.9108 words
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Article115 2011-06-14 8 BY CENTS CLOSE DOWN GLD 10US$ *****-237.5 -1.3 DBXT MSKorea 10US$ 6080-175.6 -2.3 DBXT STGLDv100 10US$ 2945-147.2 -3.9 Pru 500US$ 1172 -59.4 -3.9 DBS.ES.1106 1442 -42.0 -2.8 JMH 5150 -32.2 -0.5 Jardine C&C 3870 -30.0 -0.8 DBXT MSTaiwan 10US$ 1974 -28.5 -1.2 DBXT MSTHAI 10US$ 1584 -24.7 -1.2 CityDev115 words
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Page 8 Advertisements
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Advertisement268 2011-06-14 8 One way to invest in Singapore's future. I ~i'\ -;:5- tillfpffp i: i RI S5- ft. ~r* J The SiMsW Index Futures" 7 Open a new account and enjoy more than E®3 discount* off commission when you trade SiMSCI between May to July 2011! Visit http://www.phillipfutures.com.sg/campaign/simsci.html or call us at268 words
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SINGAPORE NEWS
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Article, Illustration371 2011-06-14 9 MINDY TAN - Prospects best in finance, insurance, property, transport By MINDY TAN THE pace of hiring in Singapore is expected to remain healthy in Q3 2011, with job prospects strongest in the finance, insurance, real estate and transportation and utilities sectors, according to the latest ManpowerFILE PHOTO - 371 words
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347 2011-06-14 9 LESTER HIO - By LESTER HIO SINGAPORE’S positive momentum in the job market is continuing, according the Robert Walters Asia Job Index for the first quarter of 2011 released yesterday. The index tracks advertisement volumes for professional positions across leading job boards and national347 words
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230 2011-06-14 9 REBECCA LIU - Rajah Tann LLP has accepted the most number of practice trainees By REBECCA LIU THE pioneer batch of Singapore Management University law students have exceeded expectations, with all but four securing practice training contracts three months before graduation, announced the university yesterday. Law firms230 words
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SINGAPORE ROUNDUP
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91 2011-06-14 9 THE YMCA of Singapore has formed an Advisory Council chaired by S Dhanabalan, who is also chairman of Temasek Holdings. The council will assist as a strategic resource to the YMCA in its work by advising the YMCA board of directors as well as being91 words
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75 2011-06-14 9 The National Research Foundation (NRF) will be setting up three more research centres under the CREATE Campus for Research Excellence and Technological Enterprise programme. Under this scheme, MIT, University of California at Berkeley and Peking University will set up energy related research75 words
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536 2011-06-14 9 RONNIE LIM - Shell’s Australia FLNG project will have S’pore-made components By RONNIE LIM SINGAPORE’S move to import and trade liquefied natural gas (LNG) is helping draw more LNG-related business here. Oil major Shell wants to source some components from yards here for its just-announced mega multi-billion536 words
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Advertisement15 2011-06-14 9 Brand Your Assets Call 1800 289 8822 or -mail notices@sph.com.sg to publicise your Financial Statements15 words
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Advertisement222 2011-06-14 9 SPREAD THE LOVE DAZZLE AT W I Chil^ A children's charity concert for The Straits Times School Pocket Money Fund &The Business Times Budding Artists Fund J i ■s f s --r Extend your iove through Friendship and Hope, the theme for ChildAid 2011 an annual charity concert in aid222 words
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SME Inc
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Article, Illustration1089 2011-06-14 10 IDAYU SUPARTO - Having weathered two economic crises and nearly going bankrupt, ACHIEVE Group’s Joshua Yim a former Entrepreneur of the Year has now set his sights on growing the group’s revenue to $100 million by 2020, reports IDAYU SUPARTO reports IDAYU SUPARTO BEING in the humanARTHUR LEE - 1,089 words
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Article, Illustration786 2011-06-14 10 TAM YU LING - By TAM YU LING BY conventional wisdom, Africa is often seen as a highrisk market that businessmen should approach with caution. But for Cher Kwang Siong, managing director at Kheng Keng Auto, such conventional wisdom clearly does not apply; in the lastARTHUR LEE - 786 words
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425 2011-06-14 10 TEH HOOI LING - By TEH HOOI LING A POSSIBLE rate hike by China’s central bank and evidence that recoveries in the world’s major economies are sputtering continue to raise investors’ risk aversion. For the week ended yesterday, the Straits Times Index slumped by 1.8 per cent. The425 words
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Article, Illustration1597 2011-06-14 11 PAUL HENG - Observations during a long walk reveal many useful tips for SME owners in running a business well COMMENTARY By PAUL HENG The writer is founder and executive coach of NeXT Corporate Coaching Services SINCE last December, I have grown fond of doing weekly brisk walksFILE PHOTO - 1,597 words
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Article, Illustration545 2011-06-14 13 SHEERE NG - EPI Life is a mobile phone which could save the lives of lots of cardiac patients, reports SHEERE NG reports SHEERE NG MOBILE phones these days have many built-in functions as technology advances. Now, another feature can be added to its repertoire: helping to save lives.YEN MENG JIIN - 545 words
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266 2011-06-14 13 HOMEGROWN IT services provider MindWave Solutions has acquired India-based business analytics consulting firm Ekcelon for an undisclosed sum. The acquisition effectively expands MindWave’s offerings to business analytics solutions. A finalist in last year’s Emerging Enterprise Awards, MindWave Solutions is in the business of providing software development,266 words
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316 2011-06-14 13 ASK NUS PROFS Q: What are some factors that an SME should consider, when deciding between vertical integration and horizontal integration? Carine Lee A: Vertical and horizontal integration are complex topics and it is difficult to come out with a list of factors. Below,316 words
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Page 11 Advertisements
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Advertisement124 2011-06-14 11 Leading the charge for ASEAN. CIMB is the only ASEAN bank to be recognised amongst the StarMine Top Most Award-Winning Brokers. i THE FINANCIAL TIMES AND STARMINE PRESENT THE TOP ANALYSTS OF 2011 FOR ASIA Top Most Award-Winning Brokers Rank Analyst Number of Awards Goldman Sachs CITIC Securities CIMB Research124 words
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EMERGING ENTERPRISE
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Article, Illustration954 2011-06-14 12 MAXIE AW YEONG - Barcook Bakery founder Sim Lih Cherng tells MAXIE AW YEONG he welcomes competition as it pushes his firm, which is looking into overseas expansion, to maintain or even improve quality MAXIE AW YEONG MANAGING competition effectively is key to surviving in an industry with relatively lowYEN MENG JIIN - 954 words
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Article, Illustration1036 2011-06-14 12 LESTER HIO - New Media Solutions helps clients to receive, transform, manage and deliver video and audio digitally, reports LESTER HIO reports LESTER HIO THE average person and every computer user is by now familiar with digital media the use of pictures, video and audio available on theARTHUR LEE - 1,036 words
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Advertisement80 2011-06-14 12 These are the third and fourth of a series of features on the 15 finalists of the Emerging Enterprise 2011 Awards. Jointly presented by The Business Times and OCBC Bank, EE 2011 recognises promising enterprises which are up to 10 years old and have an annual turnover of $10 million80 words
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Advertisement993 2011-06-14 13 Advertorial Feature Tailored solutions from a team of experts Trust is a highly priced commodity that cannot be bought. At Swiss private bank Clariden Leu, highly qualified professionals come together on many levels global, regional and local to deliver the best possible customised solutions to clients so that they can993 words
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ECONOMY WATCH
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587 2011-06-14 14 Summers urges tax cuts, says premature to withdraw fiscal support at year-end Reuters [WASHINGTON] Former White House aide Larry Summers on Sunday urged expanded tax cuts on US workers’ wages, warning that America’s economy was at risk of yearsReuters - 587 words
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Article, Illustration566 2011-06-14 14 Bloomberg [WASHINGTON] Congress could help improve the economic recovery by reaching a debt-reduction deal, lawmakers said on Sunday morning talk shows as they face an Aug 2 deadline that risks sending the US government into default. “I think that would help calmBloomberg; REUTERS - 566 words
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485 2011-06-14 14 But reconstruction demand still likely to boost H2 outlook plaguing the economy. Reuters [TOKYO] Japan’s core machinery orders unexpectedly fell in April, suggesting a bumpy recovery from a devastating earthquake and tsunami as some companies delay capital spending until reconstruction-driven demand materialises.plaguing the economy. – Reuters - 485 words
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Article, Illustration635 2011-06-14 14 Reuters [TOKYO] The Japanese government’s tax panel is likely to agree next week to double the 5 per cent sales tax to cover rising social security costs but could put off decisions on the timing of tax hikes and howReuters; REUTERS - 635 words
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Article, Illustration411 2011-06-14 14 Inflation outpacing wage growth, says BOE economist Bloomberg [LONDON] The Bank of England (BOE) said Britons’ outlook for inflation is “reasonably well-anchored”, while acknowledging that its failure to control price growth has undermined consumers’ faith in policymakers. “Current data suggest that long-term inflation expectations remainBloomberg; BLOOMBERG - 411 words
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Advertisement7 2011-06-14 14 Further cooling measures maysoftenHKproperty pricesby 25%to30%intwoyears Tosubscribe,call6388-3838orgotosphsubscription.com.sg7 words
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MALAYSIA/INDONESIA
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Article, Illustration785 2011-06-14 15 Indonesia, Malaysia turn to imports to feed local demand as their output falls Reuters [SINGAPORE] Already strong Asian liquefied natural gas (LNG) prices will get a further fillip as Indonesia and Malaysia the world’s second- and third-biggest exporters turn to imports to feedReuters; BLOOMBERG FILE PHOTO - 785 words
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Article, Illustration323 2011-06-14 15 It is expected to make proposal before end of month Reuters [KUALA LUMPUR] Malaysia’s top lender, Maybank, expects to make a proposal to merge with smaller rival RHB Capital by the end of June, top officials of the bank said yesterday. Maybank andReuters; BLOOMBERG FILE PHOTO - 323 words
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349 2011-06-14 15 Reuters [JAKARTA] Indonesia’s Sinar Mas expects to produce 2.3 million tonnes of palm oil this year, or about 10 per cent of the country’s total, says Franky Widjaja, head of the conglomerate’s agribusiness and CEO of Golden Agri-Resources (GAR). GAR hadReuters - 349 words
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431 2011-06-14 15 Reuters [LONDON] London-listed Vallar will lift its stake in Indonesia’s Bumi Resources to up to 50 per cent and take a majority holding in a subsidiary, as part of an attempt to simplify its structure and pave the way for a spotReuters - 431 words
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Advertisement368 2011-06-14 15 Cultivate Globally Competitive Managers with Professional Programmes from The University of Warwick 3 distinct programmes to choose from. Just 5 days to master one. O Lean Principles Applications G Technology Management G Innovation Programme Highlights Developed, fully taught and awarded by The University ofWarwick, UK 3-way participation: University Organisation Participant368 words
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GREATER CHINA/INDIA
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818 2011-06-14 16 Number of banks doubles as arrangers seek to capitalise on record issuance Bloomberg [HONG KONG] The number of banks jostling for deals in Hong Kong’s dim sum debt market almost doubled this year as arrangers sought to capitalise on record issuance. MizuhoBloomberg - 818 words
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Article, Illustration69 2011-06-14 16 [HONG KONG] Prada staff during a press conference here on Sunday. Prada and its bankers say an international roadshow to promote the Italian fashion house's upcoming Hong Kong IPO is going well despite recent turmoil in world stock markets. Prada is selling some 423.3 millionAP - 69 words
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296 2011-06-14 16 Governance crisis seen hitting growth, investment plans Reuters [NEW DELHI] Three quarters of major companies in India are unhappy with Prime Minister Manmohan Singh’s government, saying that a governance crisis ranging from corruption scams to policy limbo will hit economic growth and theirReuters - 296 words
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354 2011-06-14 16 Reuters [BEIJING] China’s avid Internet users are taking a leaf from India’s anti-cor-ruption drama by opening websites so citizens can confess, sometimes in pitiless detail, to buying off officials. Chinese people can be disdainful of poorer India, but some have sought inspiration fromReuters - 354 words
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Advertisement58 2011-06-14 16 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. t a a COMMUNITY he*K tbE *I PRIME TIME smppo"* MOpOT an iw w masa koM* -r,rnrssz cs For more58 words
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Advertisement38 2011-06-14 16 2010 EDITION A collection from the Business Times The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age Available at all leading bookstores 52 interviews by The Business Times journalists38 words
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WORLD
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420 2011-06-14 17 Deal to shift base, bolster management of American insurer Reuters [NEW YORK] Allied World Assurance Co Holdings agreed to buy Transatlantic Holdings for US$3.2 billion in stock, creating a specialty insurer and reinsurer with broader reach and product offering. Shareholders of Transatlantic, whichReuters - 420 words
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353 2011-06-14 17 Reuters [MADRID] Access to the website of Spain’s national police force was blocked for over an hour late last Saturday in a reprisal attack by the hackers’ group Anonymous, the newspaper El Mundo said on its website on Sunday. El Mundo said theReuters - 353 words
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Article, Illustration503 2011-06-14 17 CEO says the 30% tax would hit the company harder than larger rivals Reuters [SYDNEY] Australia’s third-larg-est iron ore miner, Fortescue Metals Group Ltd, said yesterday that the nation’s proposed mining tax would hit the company harder than bigger rivals andReuters; PHOTO: REUTERS - 503 words
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Article, Illustration695 2011-06-14 18 Papandreou says the alternative a default would be catastrophic AP [ATHENS] Greek Prime Minister George Papandreou, buffeted by negative polls and continuing protests at economic austerity measures, said he will continue with policies aimed at drastically cutting the country’s debt and says the alternative aAP; REUTERS - 695 words
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Article, Illustration779 2011-06-14 18 NYT [NAKHON PHANOM] Former Thai prime minister Thaksin Shinawatra, who was ousted in a coup more than four years ago, is back at the centre of Thai politics in the guise of the person whom he calls his clone: his younger sister Yingluck,NYT - 779 words
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Article, Illustration804 2011-06-14 18 Three more countries back French finance minister for top post Bloomberg [JERUSALEM] Bank of Israel governor Stanley Fischer’s last-minute bid for the International Monetary Fund’s (IMF) top job may not slow Christine Lagarde’s momentum as she gathers support to run the Washington-basedBloomberg; AFP - 804 words
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243 2011-06-14 18 Reuters [HELSINKI] Samsung Electronics Co Ltd will become the world’s largest smartphone maker this quarter, overtaking struggling Nokia Oyj which has lead the market since 1996, Nomura said yesterday. In the next quarter Nomura sees Apple Inc also overtaking Nokia, pushing the FinnishReuters - 243 words
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565 2011-06-14 19 The continent offers investors a chance to find hidden gems in unlikely places Bloomberg [LONDON] Laurel Bowden, a partner at Facebook Inc investor Greylock Partners, has been working out of London from a rented desk for more than two years. Fresh fromBloomberg - 565 words
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Article, Illustration469 2011-06-14 19 Reuters [MONTREAL] Jenson Button celebrated his greatest victory on Sunday after overtaking Red Bull’s Formula One world champion Sebastian Vettel on the last lap of a rain-delayed Canadian Grand Prix thriller. Vettel, who skidded wide under relentless pressure just a few cornersReuters; AFP - 469 words
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Page 17 Advertisements
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Advertisement2689 2011-06-14 17 OCEANINTERNATIONALHOLDINGSLIMITED (Incorporated in Singapore) Company Registration Number *****3240W 1. INTRODUCTION JOINT ANNOUNCEMENT PROPOSED DELISTING OF OCEAN INTERNATIONAL HOLDINGS LIMITED Reference is made to the joint announcement released on 31 March 2011(the“First Joint Announcement Date”) by Ocean International Holdings Limited (the “Company”, together with its subsidiaries are collectively known as the2,689 words
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Page 18 Advertisements
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Advertisement26 2011-06-14 18 Over 91,216 downloads! I91.3FMI ■iGurtaumnl Sfow«/Tl\is... '1/ sa 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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Advertisement27 2011-06-14 18 www.omy.sg mMM SINGAPORE AWARDS if in B 2 0 11 http://sgblogawards.omy.sg cji iu tvuuia ictv'ouritGj bloggers] f3T felrtinhT MPteiairrcKi^ ratt ract i ye] p r i zes]27 words
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Page 19 Advertisements
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EDITORIAL & OPINION
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502 2011-06-14 20 EDITORIAL ALTHOUGH it has been three months since the March 11 earthquake and tsunami along with the nuclear disaster at Fukushima, and the events have faded from newspaper headlines, Japan remains mired in a serious nuclear crisis one that could yet spin out of control.502 words
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Article, Illustration750 2011-06-14 20 GEORGE SOROS - THE BOTTOM LINE GEORGE SOROS The writer is chairman of Soros Fund Management Project Syndicate THE campaign to ensure that companies engaged in extractive activities disclose all of their payments in their host countries is gaining momentum and France is leading the effort.Project Syndicate - 750 words
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Article, Illustration870 2011-06-14 20 ROBERT SAMUELSON - There’s a clear lack of consensus among economists as to how to boost the recovery ROBERT SAMUELSON The Washington Post Writers Group IT’S a cliche but true that a huge obstacle to a stronger US economic recovery is the lack of confidence in aThe Washington Post Writers Group; AFP - 870 words
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Article, Illustration1163 2011-06-14 21 JEREMY LIM - The public private sectors should be like milk honey which, when taken together, have enhanced healing properties By JEREMY LIM The writer is vice-president at Fortis Healthcare International. The views expressed are his own THERE are deep divisions between public and private health care, toSTOCKXCHNG - 1,163 words
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Article, Illustration834 2011-06-14 21 WILLIAM PESEK JR - WILLIAM PESEK JR William Pesek is a Bloomberg View columnist. The opinions expressed are his own BUY a farmhouse in the middle of nowhere, pick up a gun or two, prepare for hyperinflation and brace for a catastrophic bankruptcy. Thirty minutes withBLOOMBERG - 834 words
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AVIATION
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Article, Illustration687 2011-06-14 22 Philippines bidding to be a pit stop for the world’s biggest commercial jet AFP [MANILA] A hangar the size of two football pitches is rising at Manila airport as the Philippines bids to become one of the world’s select few pit stopsAFP - 687 words
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449 2011-06-14 22 AP [SYDNEY] Airlines resumed some flights to and from a southern Australian city yesterday after an ash cloud from a Chilean volcano forced hundreds of cancellations over the weekend, but most flights to and from New Zealand were still grounded. Several flightsAP - 449 words
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409 2011-06-14 22 Carrier says it’ll buy 23 Airbus and 14 Boeing planes AFP [BANGKOK] Thai Airways announced yesterday that it would acquire 23 Airbus and 14 Boeing aeroplanes for about US$3.9 billion to modernise its ageing fleet after a period of financial turbulence. TheAFP - 409 words
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Article3244 2011-06-14 22 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 Amsterdam3,244 words
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Page 22 Miscellaneous
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Miscellaneous364 2011-06-14 22 CRYPTIC CROSSWORD Across 1 Negative response to request for lift? (6,4) 6 Employed in religious education (4) 9 Unfortunate person becoming strange when regressed (5) 10 Doctor left nothing on board ship for cause of malaria (9) 12 Gentleman comes back with excessive love for food from Italy (7) 13364 words
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3058 2011-06-14 23 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 Destination3,058 words
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Page 23 Advertisements
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Advertisement26 2011-06-14 23 Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT *****327 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES26 words
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SHIPPING
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Article, Illustration649 2011-06-14 24 High Court reverses 2010 verdicts on strict environmental rules for industry AFP [DHAKA] Bangladesh’s vast ship-breaking yards are roaring back to business, after the easing of strict environmental regulations that brought the major industry to a halt for much of 2010. AAFP - 649 words
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544 2011-06-14 24 Reuters [TEHERAN] Iran’s state shipping line will challenge the latest round of sanctions at the European Union’s highest court, saying there is no evidence showing that it has been involved in arms trafficking as EU and US officials say. In writtenReuters - 544 words
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429 2011-06-14 24 Sources say that the loans are valued at about US$7.5b Bloomberg [LONDON] Lloyds Banking Group plc, in which the UK government has a 41 per cent stake, is still in talks to sell its shipping loans. “We are still in discussions withBloomberg - 429 words
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Article278 2011-06-14 24 SGX '000 Jun 13 S$ +/-Vol CH Offshore 0.45 unch 45 Chuan Hup Hldg 0.25 unch 634 Cosco Corp 1.81 -0.02 ***** CWT Ltd 1.27 -0.03 1331 Ezra Hldgs 1.44 -0.06 ***** First Ship Lea 0.38 -0.01 1474 Freight Links 0.06 unch 1206 Grand Banks unch unch 0278 words
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Page 24 Advertisements
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Advertisement29 2011-06-14 24 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 2011-06-14 24 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8391 2011-06-14 25 Transaction date: Jun 13 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 15 8Telecom 16.5 +0.5 1270 16.5 16 15.5 16.5 7.8 3.7 3.5 79 12 4.5 A-Sonic 88,391 words
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Article1562 2011-06-14 26 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 3.5 4.5 19 3.9 202 145 t APStrategic 161 141 161 95.5 1.5 0.5 t Advanced System 0.51,562 words
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Article9881 2011-06-14 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.08/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.72/ Aberdeen Asset Mgt Asia Limited American Opp 0.6433/ Asian Credit Fund9,881 words
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Article252 2011-06-14 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A49 +1.5 1 49 49 45.5 49 3.6 7.1 3.9 127.6 55 16 Genting HK US$ US36.5 -1.5 ***** 37.5 36.5 36.5 37 2403.3252 words
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Article867 2011-06-14 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 118 unch 25 118 118 114 118 538.6 1077 830 CIMBAsean40 100US$ US1025 -9 0 1025 1025 1022 1027 41867 words
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FINANCE & COMMODITIES
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374 2011-06-14 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 10 Index Change Change Change Change Change Change World Index Preliminary 885.3 -1.1 -1.4 -1.0 -2.8 -1.4 0.8 EAFE Preliminary 767.4 -0.9 -4.2 -1.2 -3.3 -1.6 0.3 Europe Preliminary 1140.9 -1.5374 words
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Article179 2011-06-14 27 Jun 13 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.46 0.36 9 months 0.70 0.50 12179 words
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Article22 2011-06-14 27 Jun 13 S$ Bid Offer 1-month 1.2368 1.2373 2-months 1.2367 1.2373 3-months 1.2367 1.2372 6-months 1.2365 1.2370 Source: OCBC22 words
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Article121 2011-06-14 27 Jun 13 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.347 1.271 Can dollar 1.287 1.238 Euro 1.806 1.737 Sterling pound 2.044 1.966 NZ dollar 1.043 0.994 US dollar 1.254 1.206 Local dollars to 100 units of foreign121 words
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Article29 2011-06-14 27 Jun 13 Open High Sett STI Jun 3065 3065 3059 SIMSCI Jun 356.8 356.8 354.7 Taiwan Jun 312.3 312.7 307.6 Source: MF Global (S) Pte Ltd29 words
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Article67 2011-06-14 27 Jun 13 Jun 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3240 3269 3240 3228 86 1279 Jul 11 3235 3281 3285 3230 1352 8654 Aug 11 3224 3260 3264 3199 ***** ***** Sep 1167 words
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Article469 2011-06-14 27 Jun 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7530 0 1933 Sep11 99.6750 0 8643 Dec11 99.6050 0 3393 Mar12 99.5250 0 1327 EUROYEN TIBOR FUTURES Jun11 99.6700 99.6700 99.6700 99.6680 250 5635 Sep11 99.6675 99.6675 99.6650 99.6675 200 1701 Dec11 99.6700 99.6700 99.6650469 words
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Article129 2011-06-14 27 Jun 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 11 106 Aug 11 58 Sep 11 310 Oct 11 186 Nov 11 180 Dec 11 251 Jan 12 164 Feb 12 89 Mar 12 82 Apr 12129 words
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Article81 2011-06-14 27 Jun 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 15.09.2011 0.33 0.29 0.28 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 102.14 102.19 102.17 5-Year N*****0W 1.125 01.04.2016 100.2681 words
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Article107 2011-06-14 27 Jun 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1387.25 1393.75 1397.50 1377.25 Aug 11 1382.25 1387.25 1390.25 1371.50 Sep 11 1379.50 1385.25 1388.50 1370.25 Nov 11 1381.75 1386.75 1390.25 1370.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 56.85107 words
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Article77 2011-06-14 27 CRUDE OIL PRODUCTS Jun 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.09 -0.61 WTI (Near Mth) 99.27 -2.50 Dubai (1-Mth F) 111.88 1.31 Tapis blend 126.02 2.10 Minas 122.12 2.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.33 1.55 Jet Kerosene 132.70 1.15 US$/barrel Opec Oil77 words
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2593 2011-06-14 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 23.5 1 150 8 6.85 35 ASJ Hldgs W*****1 1.5 1 4 10 3.33 8 AlliedTech W*****2 2 1 4 29 Asia Water Tech Ltd W*****8 3.5 12,593 words
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Article462 2011-06-14 27 Jun 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.851 0.736 8.223 47.373 90.188 0.849 11.472 3.211 1.296 90.537 45.789 1.307 7.154 0.890 30.516 32.192 0.649 1.057 Canada 0.969 6.640462 words
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Article85 2011-06-14 27 Jun 13 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-06-14 27 Jun 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3066 1.3073 1.0564 1.0566 Canadian dollar 1.2659 1.2672 1.0235 1.0242 Euro 1.7757 1.7766 1.4357 1.4359 NZ dollar 1.0077 1.0088 0.8148 0.8153 Sterling pound 2.0121 2.0133 1.6269 1.6272154 words
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Article138 2011-06-14 27 Jun 13 GOLD (US$/oz) Jun 13 Jun 10 Hong Kong 1531.50 1546.00 Jun 10 Jun 09 London 1533.95 1539.45 1534.75 1540.45 Source: Thomson Reuters CAST BAR Jun 13 (S$) Selling Buying Kilobar 65,335.27 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 61 5gm 416 305 10gm 742138 words
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Article71 2011-06-14 27 Jun 10 Jun 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2595.25 2635.25 3 months 2619.00 2660.00 Copper, Grade A (US$/tonne) Cash 8923.50 9040.00 3 months 8938.00 9055.00 Lead (US$/tonne) Cash 2542.00 2604.25 3 months 2545.00 2609.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-06-14 27 Jun 10 COCOA (£/tonne) Close Prev High/Low Jul 11 1848 1830 1861/1841 Sep 11 1857 1843 1870/1848 Dec 11 1885 1869 1898/1876 Mar 12 1908 1891 1920/1899 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2462 2461 2470/2440 Sep 11 2509 2507 2519/2488 Nov 11 2535 2534 2543/2517 Jan 1282 words
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PROPERTY
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834 2011-06-14 28 Downpayment and deposit hike for foreign buyers takes toll on market Bloomberg [HONG KONG] Sales at 10 of Hong Kong’s biggest private residential developments fell 58 per cent at the weekend from a week earlier after the government raised minimum down payments and depositsBloomberg - 834 words
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Article, Illustration388 2011-06-14 28 Reuters [WELLINGTON] New Zealand house prices fell for the first time in four months but sales improved in May, pointing to the market levelling out amid soft consumer sentiment and a patchy economic recovery. The Real Estate Institute ofReuters; BLOOMBERG - 388 words
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275 2011-06-14 28 Bloomberg [DUBAI] Dubai, the Persian Gulf business hub where real estate values have fallen for three years, has cancelled 217 property projects in a two-year review of the industry. Out of more than 450 projects reviewed by the Real Estate Regulatory Agency, 237 will beBloomberg - 275 words
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Article, Illustration740 2011-06-14 29 KALPANA RASHIWALA - Buyers seen holding back while sellers are seen sticking to their guns on price By KALPANA RASHIWALA DEVELOPERS and property agents reported slower home sales last week following National Development Minister Khaw Boon Wan’s cautionary remarks on his blog. Global Property Strategic AllianceFILE PHOTO - 740 words
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308 2011-06-14 29 Bernama [MELBOURNE] SP Setia, Malaysia’s largest property development company will make its debut in the Australian property market with the Fultan LN, a mixed development project with a gross development value of A$470 million (S$614 million). Chief executive officer of Setia Melbourne Development Company PtyBernama - 308 words
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Article, Illustration427 2011-06-14 29 EMILYN YAP - By EMILYN YAP SINGAPORE’S Orchard Road was the 26th most expensive place in the world for retailers to rent a shop in the first quarter, moving up a notch from the 27th spot last year. The findings come from Colliers International’s427 words
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Page 28 Advertisements
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Advertisement114 2011-06-14 28 For Sale By Tender Rare Commercial Site Near Bugis MRT Station North Bridge Commercial Complex at 470 North Bridge Road, Singapore Opposite Inter-Continental Hotel Bugis Junction Site area 1,079.1 sm (11,615 sf approx) Outline Permission granted for a 6-storey Commercial development with GFA of 6,188.67 sm Wide prominent frontage along114 words
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Advertisement239 2011-06-14 28 For Sale By Tender Rare Commercial/Residential Development Site in Shenton Way Site area: 19,736 sf approx Existing GFA 210,729 sf approx Minutes’ walk to Tanjong Pagar MRT Station MP 2008:Commercial, PR 8.4+, up to 35-sty PP granted for ‘Comm and Resi’, EPR 10.677 In-principle approval obtained to top up the239 words
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Advertisement124 2011-06-14 28 FOR SALE BY TENDER COLLECTIVE SALE KELLOCK LODGE Freehold; prime district 10 Land Area 21,783 sf “Residential” with plot ratio 2.8 Walking Distance to Great World City 5 Minutes to Orchard Road Tender Closing 8thJuly 2011, 3.00pm INVESTMENT SALES 6533 0220 Estate Agent License No. L*****25E LicNo:*****4414H BINJAI ***** *****sqft.124 words
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Page 29 Advertisements
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Advertisement157 2011-06-14 29 JONES LANG LASALLE AUCTION 23 June 2011 #01-12 FOOK HAI BUILDING Prime corner ground floor shop Double glass frontage, main road facing Strata floor area approx. 6,405 sq ft 99 yrs wef 1972 Near Chinatown, Clarke Quay and upcoming Cross Street MRT Station Vacant possession For further enquiries, please call:157 words
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Advertisement69 2011-06-14 29 Secure Investment With Additional Land POLICE STATION LOT LOT FOR SALE 45-53 Forrest Street, Geraldton COURT HOUSE Lot 2: 3,394m2land with 1,410m2NLA Secured by Commonwealth Government lease Outlines indicative only Lot 1: 1,622m2vacant additional land In well located regional centre For Sale by Offers to Purchase closing Wednesday 6 July69 words
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INFINITE SPACES
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Article, Illustration1168 2011-06-14 30 UMA SHANKARI - Local developers are still mostly keen on the India story, drawn by the country’s strong economic growth, reports UMA SHANKARI reports UMA SHANKARI REAL estate investment into India is growing at a fast clip, but the country still lags other major economies in the Asia-Pacif-ic as1,168 words
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Page 30 Advertisements
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Advertisement109 2011-06-14 30 w V* is 3* PHILIPPINES INDONESIA w A I «i > r 4 Space to ascendas be What would ypu 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 has redefined109 words
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Advertisement7 2011-06-14 30 This series is brought to you by7 words
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