The Business Times, 26 July 2011
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2011-07-26
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The Business Times
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Title Section23 2011-07-26 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, July 26,201123 words
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850 2011-07-26 1 CONRAD TAN - It cuts exposure to trouble spots and turns attention to markets like China, India By CONRAD TAN [SINGAPORE] THE Government of Singapore Investment Corp (GIC) has sharply reduced its investment exposure to Europe and the US as part of an ongoing850 words
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Article, Illustration506 2011-07-26 1 EMILYN YAP - US$ plumbs the depths against Sing$, Swiss franc By EMILYN YAP [SINGAPORE] There was less bang for the buck yesterday as the US dollar fell to new year-lows against the Singapore dollar, Swiss franc and Japanese yen, amid continued political wrangling over the debtSource: Bloomberg - 506 words
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Article143 2011-07-26 1 HST INDEX 3,171.55(-11.40) H ST INDEX FUTURES 3,168 (-11) H SIMSCI 367.19 (-1.39) H SIMSCI FUTURES 366.80 (-1.70) FOREX US$ S$ US$ (S$ per US$) 1.208 (US$/S$ per 1.629 1.968 EURO (US$/S$/E) 1.436 1.735 Foreign currency per US$ S$ YEN 78.30 64.80 RM 2.974 2.462 HK$ 7.792 6.450143 words
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Advertisement76 2011-07-26 1 S’PORE NEWS Gold prices touch new high on US default fear PAGE 9 Inc Design is linked to growth I PAGE 24 i THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. T: 65-6734 2420 KNIGHTS BRIDGE T: 65-6884 8484 TANG PLAZA T: 65-6235 7198 ONE RAFFLES PLACE T: 65-6534 5855 www.thehourglass.com PATEK PHILIPPE76 words
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Advertisement24 2011-07-26 1 PROPERTY Frasers buys, rebrands Melbourne complex PAGE 30 Promoting entrepreneurship through BlueSky Exchanges I PAGE 26 Corporate success and social good I PAGE 2724 words
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Advertisement16 2011-07-26 1 COMMENTARY Tripping the fiscal fantastic PAGE 17 Painting the whole 9 yards green I PAGE 2516 words
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Advertisement13 2011-07-26 1 HOCK LOCK SIEW Cheung Woh’s move comes with risks PAGE 6 *****1 *****413 words
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TOP STORIES
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Article596 2011-07-26 2 GIC refuses to play with fire in US, Europe THE Government of Singapore Investment Corp has sharply reduced its investment exposure to Europe and the US as part of an ongoing shift into emerging markets such as China. “Outside the emerging economies, it’s a case of choosing between596 words
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Article, Illustration676 2011-07-26 2 EMILYN YAP - Court of Appeal’s decision in Pheim M’sia case has wide implications By EMILYN YAP [SINGAPORE] Last week, the Court of Appeal upheld a High Court ruling which found Pheim Asset Management Sdn Bhd (Pheim Malaysia) and its CEO Tan Chong Koay guilty of market rigging. The676 words
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327 2011-07-26 2 Reuters [TOKYO] Japan’s parliament yesterday approved a two trillion yen (S$30.9 billion) extra budget for disaster relief after the March earthquake, paving the way for bigger reconstruction spending that is likely to involve new borrowing and tax hikes. Prime Minister Naoto Kan, underReuters - 327 words
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742 2011-07-26 4 MICHELLE QUAH - There’s good sense in GIC’s adoption of a 20-year time horizon for computing the rate of return on its investments COMMENTARY By MICHELLE QUAH [SINGAPORE] Tgperi2HE Government of Singapore Investment Corporation’s (GIC) preference for computing the rate of return on its investments over a 20-year742 words
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Article, Illustration580 2011-07-26 4 CONRAD TAN - By CONRAD TAN [SINGAPORE] The Government of Singapore Investment Corp’s long-term view on Citigroup and UBS hasn’t changed despite higher capital requirements that are likely to reduce the banks’ future profitability, GIC’s investment chief Ng Kok Song said yesterday. GIC’s original investment ofREUTERS - 580 words
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Article797 2011-07-26 4 The following are extracts from a few of the Frequently Asked Questions (FAQs) on the protection of Singapore’s reserves, as published on the Ministry of Finance website. What is the President’s role in safeguarding the reserves? The Constitution protects the past reserves of the government797 words
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902 2011-07-26 4 MICHELLE QUAH - Ministry website also offers up information about roles of Temasek, MAS and GIC By MICHELLE QUAH [SINGAPORE] Did the government provide President Ong Teng Cheong with sufficient information to protect Singapore’s past reserves? Has it ever transferred reserves to Temasek Holdings to902 words
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Advertisement418 2011-07-26 2 Short-termAssignments and Extended BusinessTravel ManagingTax and Immigration Risks Date Wednesday, 24 August 2011 Time 1.30pm to 5.30pm Venue The Ritz-Carlton Millenia Singapore Seminar Fees Client/KPMG Alumni S$225.00 per participant Non-client S$275.00 per participant The fee is inclusive of GST at the prevailing rate, seminar materials and refreshments. Registration kpmg.com.sg/seminar Closing418 words
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Advertisement198 2011-07-26 3 E JVASSIM pwl n i I i \fh. WtW Wm§ v Urn X' umi -V SSI m 1 V, »v i I i m m. 111 itiyi W< Is 1 -y*. m •V il .f y Kff 1 III! > 4 v r tin H| Pk BIB m w ZkPhe.198 words
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COMPANY NEWS
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381 2011-07-26 5 VEN SREENIVASAN - Analysts say market relieved by SIA’s temporary takeover of its management By VEN SREENIVASAN TIGER Airways’ shares were in play again, rising by over 3 per cent on heavy volumes on expectations that the Australian regulatory authorities could lift its flight381 words
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397 2011-07-26 5 TEH SHI NING - By TEH SHI NING DARCO Water Technologies yesterday reiterated concern over its auditors’ disclaimer of opinion on its latest full-year financial statements. It also made public responses to the Singapore Exchange’s queries on its annual report “to enable investors to understand”. The board is “bemused397 words
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516 2011-07-26 6 RONNIE LIM - Former Sim Siang Choon talking to govts, companies on strategic alliances By RONNIE LIM LOYZ Energy is all set to get its feet wet in oil and gas exploration and production. Armed with a new management team, technological expertise from its516 words
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413 2011-07-26 6 RONNIE LIM - By RONNIE LIM ROTARY Engineering has clinched $40 million worth of contracts in the last four months, including preparatory works for Taiwan’s Chang Chun Group which is building three petrochemicals plant costing a total $500 million on Jurong Island. Of the total 13 contracts413 words
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Article354 2011-07-26 6 TEO SI JIA - By TEO SI JIA FAR East Group, a homegrown refrigeration and air-conditioning systems provider, is seeking a Catalist listing on Singapore Exchange. The company yesterday launched its initial public offering (IPO), with a placement offer of 18.8 million new shares, 26 per cent of its354 words
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703 2011-07-26 6 CARINE LEE - HOCK LOCK SIEW By CARINE LEE MOST companies would welcome having not just one but two core business segments that are profitable and growing. Yet, one mainboard-listed company is in the process of selling off control of its largest703 words
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372 2011-07-26 7 NISHA RAMCHANDANI - Revenue up 14.3%; hospital, healthcare services divisions post healthy growth By NISHA RAMCHANDANI RAFFLES Medical Group registered a 10.1 per cent year-on-year increase in net profit to $11.63 million for the second quarter ended June 30 while revenue grew 14.3 per cent372 words
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365 2011-07-26 7 JASMINE NG - By JASMINE NG STARHILL Global Real Estate Investment Trust said yesterday that its second-quarter distribution per unit climbed 14.3 per cent, buoyed by its Malaysian and Australian purchases. The DPU of 1.04 cents compares with 0.91 cents a year ago. Q2 income available365 words
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605 2011-07-26 7 JOYCE HOOI - By JOYCE HOOI RICKMERS Maritime declared a distribution per unit (DPU) of 0.6 US cent for its second quarter ended June 30, 2011 yesterday, up 5 per cent from its DPU of 0.57 US cent in Q2 2010. Cash flow available for605 words
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411 2011-07-26 7 MICHELLE YEO - By MICHELLE YEO NOMURA Equity Research has called for a defensive strategy in the Singapore stock market, citing an uncertain external environment, a slowing economic outlook for Singapore and an over-extended residential property sector. In a report yesterday on the second-half outlook for the411 words
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Article342 2011-07-26 7 CARINE LEE - By CARINE LEE OKP Holdings has reported a net profit of $6.9 million for the second quarter, up 61 per cent, from $4.3 million a year ago. Revenue for the three months ended June 30, 2011, fell 29 per cent year on year342 words
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COMPANY BRIEFS
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70 2011-07-26 7 SEMBWASTE, a solid waste management company, has been awarded a $121 million contract by the National Environment Agency, said its parent company Sembcorp Industries. The contract involves SembWaste providing refuse collection and recycling services in Bedok for a period of seven years, beginning on70 words
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135 2011-07-26 7 NEPTUNE Orient Lines (NOL), the world’s seventh largest container shipping firm, reported a 5 per cent rise in its cargo in the four weeks to July 1 from a year ago but weakness in Asia-Europe rates pushed its average revenue lower by 13135 words
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136 2011-07-26 7 ANWELL Technologies announced that its subsidiary, Dongguan Anwell Digital Machinery Co Ltd, has secured 700 million yuan (S$131.2 million) in capital injection from the municipal government of Dongguan. The funding will go into the development of its second thin film solar panel manufacturing base136 words
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52 2011-07-26 7 BONVESTS Holdings warned of lower profit in the second-quarter ended June 30, 2011, compared to a year ago. This is due to lower revaluation gains on investment properties, the political situation in Tunisia and the operating costs for the new hotel in Zanzibar, the52 words
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51 2011-07-26 7 ARMARDA Group said it expects to remain in the red and report a loss for the six-month period ended June 30, 2011. The loss is mainly attributed by continued low sales, Armarda said. Its half-year financial report is scheduled for release in51 words
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Advertisement1094 2011-07-26 6 [•SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Head Office: 190 avenue Charles-de-Gaulle ***** Neuilly Cedex (Paris) France Singapore Branch: 7Temasek Boulevard #07-04/05 SuntecTower 1 Singapore *****7 Union de Banques Arabes et Françaises CONSOLIDATED BALANCE SHEET as at December 31, 2010 ASSETS 2010 2009 (in thousands of euros) Inter-bankandsimilartransactions 1,601,633 1,162,6271,094 words
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Advertisement132 2011-07-26 7 emirates.com/sg Take a break from your break. Fly Emirates beyond Dubai and enjoy a complimentary hotel stay. Travel in style to over 100 destinations with Emirates and arrive feeling rested and rewarded, with a relaxing complimentary break in one of Dubai's mosr luxurious hotels. It's the perfect getaway from your132 words
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Advertisement21 2011-07-26 7 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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SINGAPORE MARKETS
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Article, Illustration586 2011-07-26 8 R SIVANITHY - Brokers report subdued interest; Tiger Airways rises in brisk trade on talk of resumption of Aussie operations STOCKS R SIVANITHY Senior Correspondent AFTER gaining almost 100 points last week on news that the US may soon be able to borrow more and EuropeSource: Bloomberg - 586 words
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Article186 2011-07-26 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 2 0 0 0 4 10 2 Manufacturing 31 79 51 3 4 6 34 83 57 Commerce 10 16 23 2 5 3 12 21 26 Tpt/Stor/Comms 8 22 11186 words
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Article123 2011-07-26 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,702 17,702 110,071 110,071 Manufacturing 210,550 31,390 241,940 159,083 1,116 160,199 Commerce 90,370 2,853 93,223 111,621 395 112,016 Tpt/Stor/Comms 213,455 2,266 215,721 275,878 277 276,155 Finance 44,072 5 44,077 152,594 1 152,595 Construction 34,681 10,282123 words
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Article114 2011-07-26 8 Stock name Close Change CapMallsAsia 1.440 -0.010 CapitaLand 2.920 -0.030 CapitaMall 1.920 -0.030 CityDev 10.740 -0.190 ComfortDelGro 1.420 -0.010 DBS Grp 15.030 -0.070 F&N 6.000 -0.070 GLP 2.030 -0.010 Genting SP 1.805 -0.030 Golden Agri 0.725 -0.005 HK Land 6.690 -0.040 JMH 57.950 -0.530 JSH 33.180114 words
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Article65 2011-07-26 8 Jul 25 VALUE CLOSE BT OB/OS -223.00 +53.00 BT CADI -*****.00-130.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 742.34 -3.43 FTSE ST Small Cap 519.17 -2.76 FTSE ST All Share 771.63 -2.98 FTSE ST China Top 248.42 -1.81 FTSE ST China 287.07 -1.79 FTSE ST65 words
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Article58 2011-07-26 8 VOLUME Genting SP 73,524,000 TigerAir 54,310,000 Golden Agri 52,638,000 HPH Trust US$ 29,221,000 Ramba 28,746,000 Spice i2i 24,686,000 Noble Grp 24,624,000 Yangzijiang 24,355,000 Kyodo-All 23,699,000 SingTel 21,472,000 VALUE($) Genting SP 132,509,380 Keppel Corp 99,177,687 SingTel 70,628,040 TigerAir 63,719,380 UOB 52,740,210 DBS Grp 49,190,995 GLD 10US$ 45,672,355 Noble58 words
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Article198 2011-07-26 8 CONRAD TAN - July 25 close: $0.94 DBS Group Research, July 25 BROKERS’ TAKE Compiled by CONRAD TAN GROSS revenue and net property income for the quarter rose 26 per cent y-o-y (up 6 per cent q-o-q) and 25 per cent y-o-y (up 4 per cent q-o-q) to $65.8 million198 words
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Article, Illustration568 2011-07-26 8 CURRENCIES Reuters [NEW YORK] The US dollar fell to a record low against the Swiss franc and a four-month trough versus the yen yesterday as a deadlock in negotiations to raise the US debt ceiling spooked the market and spurred demand for currenciesReuters; AFP - 568 words
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Article110 2011-07-26 8 BY CENTS CLOSE UP GLD 10US$ ***** 363.6 1.9 Jardine C&C 4872 134.0 2.8 DBXT Nifty 10US$ ***** 96.6 0.6 DBXT MSJAP 10US$ 4051 84.6 1.8 DBXT iBoxxKR 5US$ ***** 66.4 0.4 Lyxor Europe 10 US$ 1337 56.8 3.6 JSH 3318 47.1 1.2 DBXT DBLCI-OY 5US$ 4324 38.7 0.7110 words
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Article120 2011-07-26 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6481-109.9 -1.4 DBXT E50 10US$ 4391-102.7 -1.9 JMH 5795 -64.0 -0.9 Pru 500US$ 1110 -48.3 -3.5 DBXT MSAsExJp 10US$ 3426 -35.0 -0.8 Lyxor China H 10US$ 1591 -29.0 -1.5 DBXT DBCBDJUBS 10US$ 3838 -26.6 -0.6 DBXT FTChina25 10US$ 3110 -24.2 -0.6 CityDev.ES.1107120 words
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SINGAPORE NEWS
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593 2011-07-26 9 TEH SHI NING - Some private sector economists revise full-year inflation forecast to 4.6% By TEH SHI NING CONSUMER price inflation rose to 5.2 per cent in June the first acceleration in price gains since January’s peak of 5.5 per cent due to higher housing,593 words
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Article, Illustration408 2011-07-26 9 LYNN KAN - Macroeconomics, competitors and customers top list By LYNN KAN By BUSINESS chiefs in Singapore are more burdened by uncertainties that crop up from external factors than internal ones. A preliminary study from the Singapore Management University (SMU) and the Institute of408 words
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365 2011-07-26 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI REMUNERATION for nurses here will undergo a review, Minister of Health Gan Kim Yong said. “We will have to review nurses’ remuneration as well as their terms of employment, the conditions of the workplace,” he said. “We need to take a more365 words
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215 2011-07-26 9 A DATA analytics think tank, dedicated to helping businesses use their organisation’s data effectively for strategy and performance, was launched yesterday by Deloitte Touche and the Singapore Economic Development Board (EDB). The Deloitte Analytics Institute Asia will develop cutting edge strategies and tools to215 words
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Article352 2011-07-26 9 SAMUEL EE - By SAMUEL EE ABOUT 4,200 Honda cars sold by authorised distributor Kah Motor are being recalled to replace a bolt for the water pump. Two models are affected the Civic sedan with 1.6 and 1.8 litre engines, as well as the Stream multi-purpose vehicle352 words
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Article, Illustration371 2011-07-26 9 FELDA CHAY - The metal may post biggest monthly gain since April By FELDA CHAY GOLD prices jumped to a record high yesterday as investors flocked to safe haven investments on fears that the stalled US budget talks could lead to a debt default.TED CHEN/THE STRAITS TIMES - 371 words
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313 2011-07-26 9 INCIDENTS involving the use of social media cost companies an average of US$4.29 million in lost revenue in the past year, says software security firm Symantec. Companies have also had to contend with other negative consequences including damage to reputation, loss of customer313 words
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178 2011-07-26 9 THE Demo conference, coming to Singapore in November, will see its organisers seeking out innovative start-ups in Asia to showcase at the event. The Demo show has been held in the US since 1991, and has focused on launching new technologies at products. Skype178 words
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ECONOMY WATCH
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Article, Illustration711 2011-07-26 10 He also warns about possible spike in global bond yields due to uncertainties Reuters [TOKYO] Bank of Japan governor Masaaki Shirakawa warned yesterday that recent yen rises could hurt the country’s economic outlook by undermining exports and corporate sentiment, voicing alarm over mountingReuters; REUTERS - 711 words
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669 2011-07-26 10 Movements in A$, NZ$ decline relative to commodity prices Bloomberg [NEW YORK] Commodities are losing their influence over currencies of nations that depend on raw materials exports as traders seek havens from the deficit and debt turmoil roiling the European Union, the United States andBloomberg - 669 words
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586 2011-07-26 10 Reuters [SYDNEY] Australia’s producer prices rose last quarter as higher costs for construction and oil outweighed the impact of a high local dollar, potentially squeezing profit margins and adding to inflationary pressures over time. Prices at the final stage of production (PPI) roseReuters - 586 words
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Article, Illustration810 2011-07-26 10 Cost controls and overseas growth drive earnings Reuters [NEW YORK] The sluggish pace of hiring may be hobbling the US economy, but it’s not been holding back big US companies’ profits thanks to growth overseas and cost controls at home. AndReuters; BLOOMBERG - 810 words
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303 2011-07-26 10 Bloomberg [NEW YORK] Investor confidence is fading in Brazil’s ability to reduce the highest interest rate among major world economies over the next decade, bond yields show. The government’s re-al-denominated bonds due in 2013 yield 20 basis points more than notes maturing eightBloomberg - 303 words
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MALAYSIA/INDONESIA
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426 2011-07-26 11 KTMB’s cargo, multimodal units to be combined and put under new company [KUALA LUMPUR] Malaysia’s national railway company Keretapi Tanah Melayu Bhd (KTMB) is segregating its core businesses under a two-phase restructuring plan, with the aim of being more efficient and profitable,426 words
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Article, Illustration730 2011-07-26 11 Reuters [JAKARTA] Indonesia can’t get enough power to feed its booming economy and fortunately for Mochamad Sofyan, investors are lining up to invest billions of dollars in the country’s growing green power sector. Mr Sofyan, head of the new and renewable energy divisionReuters; BLOOMBERG - 730 words
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419 2011-07-26 11 Bloomberg Bloomberg [DUBAI] Qatargas is to sell 1.5 million tonnes per annum (mtpa) of liquefied natural gas to Malaysian LNG producer Petronas from 2013-2033, Qatargas said late on Sunday. Malaysia was the world’s second biggest exporter of LNG behind Qatar in 2009 but slippedBloomberg - 419 words
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256 2011-07-26 11 Reuters [KUALA LUMPUR] Malaysia’s central bank governor Zeti Akhtar Aziz yesterday said that the country needs to keep a check on the rising rate of inflation as it would undermine its future prospects. “We have to rein in inflation,” Ms Zeti told reportersReuters - 256 words
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GREATER CHINA/INDIA
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671 2011-07-26 12 Market seen to be worth US$396b this year and reaching US$785b in 2015 Bloomberg [NEW DELHI] Wal-Mart Stores Inc and Carrefour SA may gain access to the retail market of the world’s second-most populous country after an Indian government panel was saidBloomberg - 671 words
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Article, Illustration654 2011-07-26 12 Three unauthorised stores with licences allowed to continue Bloomberg Reuters [HONG KONG] Chinese authorities shut two stores in Kunming that used Apple Inc’s logo without the company’s permission because they lacked the proper business licences, a newspaper run by the south-western city’s government reported.Bloomberg; Reuters; REUTERS - 654 words
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504 2011-07-26 12 Reuters [BEIJING] A deadly train crash in China over the weekend has raised concerns about the safety of the country’s fast-growing rail network and threatens to undermine its plans to export high-speed train technology. The concerns were enough to push share prices downReuters - 504 words
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323 2011-07-26 12 AFP [NEW DELHI] India’s former telecom minister, who is accused of losing the country billions of dollars through the fraudulent sale of licences, began his defence in court yesterday by insisting he was innocent. A Raja, a southern politician who has been inAFP - 323 words
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346 2011-07-26 12 AFP [NEW DELHI] Rich Indians and companies hold about US$2.5 billion in Swiss accounts, according to a report quoting the Swiss central bank, amid anger in India about the stashing of illicit funds abroad. Walter Meier, spokesman for the Swiss National Bank, saidAFP - 346 words
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WORLD
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Article, Illustration582 2011-07-26 13 Over 80% of firms reporting Q2 results exceed forecasts, surprising analysts Bloomberg [NEW YORK] US secondquarter corporate earnings are outstripping estimates as companies from Apple to Coca-Cola boost sales with new products and benefit from a weaker dollar, surprising analysts whoBloomberg; AFP - 582 words
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440 2011-07-26 13 Reuters [LONDON] British fund firm Aberdeen Asset Management booked £700 million (S$ 1.38 billion) of net inflows in the quarter to end-June, as investors defied global recession fears to pump more cash into its higher-risk, higher-fee equity product range. In a quarter marred byReuters - 440 words
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Article, Illustration361 2011-07-26 13 AFP [HONG KONG] US Secretary of State Hillary Clinton yesterday warned that some nations are “making short-term gains” by flouting global trade rules, in an apparent swipe at Beijing amid ongoing trade rows. “No nation is perfect when it comes toAFP - 361 words
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438 2011-07-26 13 Full-year profit of 380b yen expected instead of 335b yen Reuters [TOKYO] Canon Inc posted better-than-expected quarterly profits and raised its annual forecast after it staged a rapid recovery from supply chain woes sparked by the March 11 earthquake. Canon, which competes with SonyReuters - 438 words
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634 2011-07-26 14 As Aug 2 deadline looms, political brinkmanship unsettles investors Reuters [WASHINGTON] A sharply divided US Congress yesterday pursued rival budget plans that appeared unlikely to win broad support, pushing the United States closer to a ratings downgrade and debt default that wouldReuters - 634 words
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Article, Illustration538 2011-07-26 14 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo NISSAN, Japan’s second biggest car maker in terms of global sales, plans to more than triple its vehicle sales in Asean markets over the next five years, while also doubling production there and undertaking majorAP FILE PHOTO - 538 words
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602 2011-07-26 14 S JAYASANKARAN - KL to process 800 boat people to be deported by Aussies By S JAYASANKARAN in Kuala Lumpur KUALA Lumpur and Canberra yesterday signed an asylum swap deal that will see Australia deporting its boat people to Malaysia for “processing” in return for paying602 words
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Article, Illustration536 2011-07-26 14 AP [OSLO] The man who has confessed to carrying out a bombing and shooting spree that left 76 people dead in Norway will be held for eight weeks, half of that in complete isolation, after a closed hearing inAP; REUTERS - 536 words
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Article, Illustration487 2011-07-26 15 It warns a default on govt bonds is almost certain as a result of rescue package Reuters [ATHENS] Moody’s cut Greece’s credit rating further into junk territory yesterday and said it was almost certain to slap a default tag on its debt asReuters; AP - 487 words
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Article, Illustration607 2011-07-26 15 Bloomberg [LONDON] Robert Dudley could unlock US$100 billion for BP Plc investors by following ConocoPhillips and splitting up Europe’s second biggest oil producer. BP, trying to recover from last year’s Gulf of Mexico disaster, has lagged behind its three larger rivals this year.Bloomberg - 607 words
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588 2011-07-26 15 AP [PYONGYANG] As his right hand grips the mouse, the physics major’s eyes are fixed on a flat-screen monitor labelled with a red sticker reminding him the computer was a gift from Kim Jong Il. Kim Nam Il says that he prefers learningAP - 588 words
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483 2011-07-26 15 Reuters [DUBLIN] Ireland sold a 1.1 billion euro (S$1.9 billion) stake in Bank of Ireland to a group of unidentified investors in a deal that will keep the country’s largest bank out of state control, the government said yesterday. The governmentReuters - 483 words
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495 2011-07-26 15 Reuters [LONDON] Lloyds is talking to six firms over the sale of 632 bank branches, although only two NBNK and Co-Op Bank have bid, people with knowledge of the matter said yesterday. “There are six parties to whom we’reReuters - 495 words
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Advertisement14 2011-07-26 14 Onlineshopping shoots up as SGD appreciates steadily. Mail delivery from US has increasedby50% Tosubscribe,call6388-3838orgotosphsubscription.com.sg14 words
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Advertisement24 2011-07-26 15 ASK TO GET MORE HOLIDAY MAKERS Online advertising made simple affordable to help your business grow. Log on to www.sphdad.com S|2l Digital Ad Direct24 words
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Advertisement365 2011-07-26 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VEEGOO CAPITAL PTE. LTD. COMPANY REG. NO. *****0624N (IN MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company held at 163 Penang Road #02-03 Winsland House II, Singapore *****3 on 20 July365 words
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EDITORIAL & OPINION
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511 2011-07-26 16 EDITORIAL THE swift action taken recently to get a better grip on the management and operation of budget carrier Tiger Airways must be seen for what it is: a Singapore Inc intervention when the going gets tough. Although Singapore Airlines (SIA) initially hesitated to511 words
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Article, Illustration773 2011-07-26 16 LENE ESPERSEN - THE BOTTOM LINE LENE ESPERSEN The author is Denmark’s Minister for Foreign Affairs PIRACY cannot be condemned too strongly. It is a breach of the most fundamental principles of modern civilisation. In the worst hit areas, off the Horn of Africa, no seafarers,773 words
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Article, Illustration881 2011-07-26 16 CHRISTIAN DREGER, YANQUN ZHANG - Its bursting can harm the real economy and can cause negative spillovers to other nations By CHRISTIAN DREGER, YANQUN ZHANG Christian Dreger is professor for macroeconomics, European University Viadrina, and head, Department for Macroeconomics, DIW Berlin. Yanqun Zhang is senior economist, Institute ofAFP - 881 words
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Article, Illustration959 2011-07-26 17 LEON HADAR - Liberal Democratic pro-spenders and conservative Republican crusaders are both living in parallel fantasy lands LEON HADAR Washington Correspondent ACCORDING to the latest reports circulating in Washington, after the collapse of their talks last Friday, US President Barack Obama and the Republican Speaker of the House ofREUTERS - 959 words
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585 2011-07-26 17 WILLIAM HAGUE - Looking ahead to London 2012 an Olympics for everyone By WILLIAM HAGUE The writer is Secretary of State for Foreign and Commonwealth Affairs, UK TOMORROW, Britain’s young champion Tom Daley will dive into the waters of its stunning new Aquatics Centre and the ripples will be felt across the world.585 words
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Article, Illustration805 2011-07-26 17 ANTONIO L RAPPA - By ANTONIO L RAPPA The writer is associate professor and head of management and security studies at UniSIM Business School. He is also an adjunct senior fellow at the S Rajaratnam School of International Studies (RSIS), Nanyang Technological University AS THE country’s prospective firstREUTERS - 805 words
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AVIATION
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Article, Illustration389 2011-07-26 18 Airlines pocket uncollected airport taxes AFP [WASHINGTON] Millions of dollars in US airport taxes went uncollected on Sunday while thousands of federal workers were out of work for a second day, following Congress’ failure last week to pass a bill keeping the country’sAFP; AFP FILE PHOTO - 389 words
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276 2011-07-26 18 Bloomberg [WELLINGTON] All flights through Christchurch airport, the busiest on New Zealand’s South Island, have been disrupted by snowfalls, the airport company said on its website. Services through Dunedin airport were also delayed until at least 2pm, according to its website. Queenstown airportBloomberg - 276 words
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622 2011-07-26 18 Any hike that raises ticket prices won’t be acceptable, says top airline lobbyist Reuters [WASHINGTON] US airlines are fighting the prospect of sharply higher passenger security fees that could be part of any deficitreduction plan. The approach is among a handful involvingReuters - 622 words
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237 2011-07-26 18 Xinhua [JERUSALEM] The staterun Israel Aerospace Industries (IAI) has been awarded a contract to supply the French military the Heron TP, its flagship unmanned aerial vehicle (UAV), local media reported on Sunday. The French Defence Ministry confirmed the deal in a statement posted onXinhua - 237 words
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291 2011-07-26 18 AFP [DUBLIN] Irish no-frills airline Ryanair yesterday said that net profits soared by nearly 50 per cent in the first quarter of its financial year, boosted by surging passenger numbers. Profits after taxation rocketed 48.7 per cent to 139.3 millionAFP - 291 words
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Article3279 2011-07-26 18 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 SQ530 1855 Amsterdam LO4031 05453,279 words
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Page 18 Miscellaneous
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Miscellaneous290 2011-07-26 18 CRYPTIC CROSSWORD Across 7 11 Developing metal toys, he makes a pile (7,4) 8 Panama protects a little place for living (7) 10 Where people subject to cuts might be singing (6-4) 11 See: 7 12 Argument concerning internal affairs (8) 14 Universal foundation (excludes East Timor initially) (6) 15290 words
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Article3184 2011-07-26 19 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 Destination JIMRISE Muscat/Sharjah/Doha/Dammam JIMFLUSH3,184 words
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Page 19 Advertisements
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Advertisement31 2011-07-26 19 Experienced Stl/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE. CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES31 words
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Advertisement0 2011-07-26 19 `")]$}[((]-!|[.}[+%(^]&|<;+/$]%0 words
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SHIPPING
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Article436 2011-07-26 20 JOYCE HOOI - Through acquisitions and organic growth, it aims to double revenue in five years By JOYCE HOOI [SINGAPORE] Freight forwarder Kuehne+Nagel is stepping up its charge on Asia’s markets as part of its ambitious five-year plan to double its revenue. The growth plan that is part436 words
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Article278 2011-07-26 20 SGX '000 Jul 25 S$ +/-Vol CH Offshore 0.42 unch 112 Chuan Hup Hldg 0.25 unch 1241 Cosco Corp 1.80 -0.02 6622 CWT Ltd 1.30 -0.02 319 Ezra Hldgs 1.26 -0.02 9622 First Ship Lea 0.35 -0.01 1366 Freight Links 0.06 unch 773 Grand Banks unch unch 0278 words
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266 2011-07-26 20 They make off with some goods but crew is unharmed Reuters [COTONOU] Pirates attacked an Italian tanker carrying a cargo of diesel fuel in the Gulf of Guinea off Benin, making off with some goods but leaving the crew unharmed, local authoritiesReuters - 266 words
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Article, Illustration429 2011-07-26 20 Reuters [DHAKA] Bangladesh’s High Court has agreed to allow ship-breaking yards three more months to meet tougher safety and environmental rules on importing old ships to dismantle for scrap, a senior industry official said. Rights activists had urged the court to reinstate a year-longReuters; BLOOMBERG FILE PHOTO - 429 words
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308 2011-07-26 20 AFP [TAIPEI] Washington “regrets” the killing of a Taiwan skipper who died in crossfire when the US Navy attacked Somali pirates who had seized his boat, a detailed report into the incident said yesterday. The report delivered to Taiwan’s foreign ministryAFP - 308 words
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Page 20 Advertisements
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Advertisement23 2011-07-26 20 FREIGHT Er FORWARDER here in th. urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132723 words
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Advertisement15 2011-07-26 20 Experienced Stlfp 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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Article8325 2011-07-26 21 Transaction date: Jul 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 52-wks High Low 21 13.2 8Telecom 14.5 -0.5 50 14.5 14.5 14.6 15.4 7.8 4.2 3 69.4 12 4.5 A-Sonic8,325 words
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Article1510 2011-07-26 22 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 34 21.5 t 800 Super 22 -1.5 7389 23.5 21.5 21.5 22 7.6 39.3 5.5 3.7 t AA Grp 3.7 3.6 4 17.6 3.61,510 words
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Article9967 2011-07-26 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.14/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.6462/ Asian Credit Fund9,967 words
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Article234 2011-07-26 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40 -8 1 40 40 43.5 50 3.6 8.8 3.2 104.2 55 22 Genting HK US$ US41.5 unch 5452 42 40.5 41.5 42 2732.6234 words
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Article896 2011-07-26 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113.3 114 115 517.2 1207 888 CIMBAsean40 100US$ US1103 1101 1114 44.1 350 290 DBS STI ETF 100 319 -2896 words
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FINANCE & COMMODITIES
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374 2011-07-26 23 In local curr In S$ In US$ dy yr dy yr dy yr Jul 22 Index Change Change Change Change Change Change World Index Preliminary 918.9 0.3 2.4 0.1 -0.7 0.3 5.3 EAFE Preliminary 782.9 0.7 -2.2 0.5 -2.3 0.7 3.5 Europe Preliminary 1152.9 0.5374 words
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Article77 2011-07-26 23 CRUDE OIL PRODUCTS Jul 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.76 -0.12 WTI (Near Mth) 99.60 0.50 Dubai (1-Mth F) 112.31 0.94 Tapis blend 123.35 1.01 Minas 119.35 1.01 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.83 1.66 Jet Kerosene 131.10 0.15 US$/barrel Opec Oil77 words
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Article107 2011-07-26 23 Jul 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1380.25 unch 1388.50 1374.75 Sep 11 1381.00 1381.25 1390.00 1375.75 Nov 11 1388.25 1388.00 1397.50 1382.50 Jan 12 1397.75 1397.25 1406.00 1392.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 56.51107 words
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Article83 2011-07-26 23 Jul 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27.10.2011 0.24 0.19 0.19 1-Year BY*****X 02.05.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.81 103.86 103.86 5-Year N*****0W 1.125 01.04.2016 102.0583 words
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Article457 2011-07-26 23 Jul 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6450 0 3519 Dec11 99.5350 0 3053 Mar12 99.4900 0 1553 Jun12 99.4300 0 1984 EUROYEN TIBOR FUTURES Sep11 99.6600 400 1176 Dec11 99.6600 0 1478 Mar12 99.6575 0 1823 Jun12 99.6525 0 1374 Sep12 99.5850457 words
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Article151 2011-07-26 23 Jul 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 162 Sep 11 473.0 473.0 473.0 5 412 Oct 11 421 Nov 11 483.1 480.5 480.5 12 424 Dec 11 483.1 481.0 482.0 16 507 Jan 12151 words
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Article, Illustration52 2011-07-26 23 As on 22 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE CURRENCY Euro-US Dollar Sep-11 1.4413 1.4301 1.4338 1.4353 BASE METALS Copper Cash Sep-11 9756 9647 9700 9711 ENERGY WTI Crude Sep-11 99.74 99.5852 words
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Article122 2011-07-26 23 As at 9am Jul 25 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.352 1.276 Can dollar 1.294 1.245 Euro 1.77 1.702 Sterling pound 2.008 1.931 NZ dollar 1.074 1.023 US dollar 1.226 1.179 Local dollars to 100 units of122 words
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Article27 2011-07-26 23 Jul 25 Open High Sett STI Jul 3168 SIMSCI Jul 368.6 370.2 366.8 Taiwan Jul 306.8 308.3 303.5 Source: MF Global (S) Pte Ltd27 words
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2556 2011-07-26 23 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 22.5 1 150 21 6.31 34 ASJ Hldgs W*****1 0.5 1 4 7 8.40 7 AlliedTech W*****2 1.7 1 4 28 Asia Water Tech Ltd W*****8 2.8 0.12,556 words
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Article179 2011-07-26 23 Jul 25 Jul 25 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75179 words
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Article462 2011-07-26 23 Jul 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.028 6.969 0.753 8.424 48.015 92.222 0.846 11.419 3.215 1.251 93.352 45.835 1.306 7.383 0.874 31.194 32.213 0.664 1.081 Canada 0.972 6.777462 words
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Article69 2011-07-26 23 Jul 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2561.50 2511.00 3 months 2590.00 2540.00 Copper, Grade A (US$/tonne) Cash 9654.50 9659.75 3 months 9675.00 9680.00 Lead (US$/tonne) Cash 2669.25 2678.25 3 months 9675.00 2700.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article154 2011-07-26 23 Jul 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3054 1.3068 1.0807 1.0816 Canadian dollar 1.2696 1.2706 1.0511 1.0516 Euro 1.7345 1.7352 1.4360 1.4362 NZ dollar 1.0428 1.0455 0.8633 0.8653 Sterling pound 1.9675 1.9686 1.6289 1.6294154 words
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Article22 2011-07-26 23 Jul 25 S$ Bid Offer 1-month 1.2079 1.2082 2-months 1.2078 1.2082 3-months 1.2078 1.2081 6-months 1.2071 1.2074 Source: OCBC22 words
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Article65 2011-07-26 23 Jul 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3116 3097 3116 3085 1169 4256 Sep 11 3124 3099 3125 3084 4046 ***** Oct 11 3117 3100 3126 3083 ***** ***** Nov 11 3115 309765 words
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Article81 2011-07-26 23 Jul 22 COCOA (£/tonne) Close Prev High/Low Sep 11 1901 1970 1960/1896 Dec 11 1931 1999 1987/1926 Mar 12 1952 2017 2004/1947 May 12 1960 2025 2010/1958 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2029 1960 Sep 11 2074 2002 2074/1997 Nov 11 2098 2035 2100/2032 Jan 12 211481 words
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SME Inc
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Article, Illustration1356 2011-07-26 24 MINT KANG - ‘Design thinking’ is a mindset that challenges traditional market wisdom and looks at a company’s product or service solely in terms of the customer’s viewpoint, reports MINT KANG reports MINT KANG MENTION design to the average manager, and he or she will probably think of1,356 words
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503 2011-07-26 24 ASK NUS PROFS Q: A year ago, we made a wrong hire for a senior position. While the guy has all the necessary qualifications and experience, his performance was not up to standard. Worse, several actions made by him have actually led503 words
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Article, Illustration878 2011-07-26 24 KELLY TAY - By KELLY TAY IT may be a new player in Singapore’s flash sale e-commerce scene, but JigoCity is already making its presence felt. Last month, the social buying company swooped in to acquire The Sweet Spot (TSS) itself a deal-a-day website, but with a focusARTHUR LEE - 878 words
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Article, Illustration1018 2011-07-26 25 ALEXANDER CHRISTIAN HEIDT; DIOGO SANTOS AIRES DA SILVA CONCEICAO, TOBIAS ALEXANDER TAUPITZ; NORMA MINDANAO MARTINEZ RAMIREZ - Aik Moh not only develops environmentally friendly chemicals, it also sponsors projects that explore the use of green technologies By ALEXANDER CHRISTIAN HEIDT, DIOGO SANTOS AIRES DA SILVA CONCEICAO, TOBIAS ALEXANDER TAUPITZ and NORMA MINDANAO MARTINEZ RAMIREZ The writers are students of NUS BusinessARTHUR LEE - 1,018 words
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438 2011-07-26 25 TEH HOOI LING - By TEH HOOI LING IT’s one wall of worry after another for investors. Following the agreement of a bailout package for Greece last week, the markets enjoyed a relief rally. But barely three trading sessions later, investors are now fretting over the debts in438 words
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Article, Illustration897 2011-07-26 25 CHAN CHIA HENG MARC, NG HAN MENG KENNETH, VAIBHAV SAHARAN - Incorporated in 1935 as Associated Theatres, Cathay Cineplexes aims to further build on its success in years to come By CHAN CHIA HENG MARC, NG HAN MENG KENNETH VAIBHAV SAHARAN The writers are students of NUS Business School FOR most Singaporeans, the five Cs representFILE PHOTO - 897 words
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Article, Illustration713 2011-07-26 26 TAM YU LING - BLUESKY EXCHANGES By TAM YU LING IT was a homecoming of sorts for those who attended the 50th BlueSky Exchange last Wednesday, held at Qian Hu Fish Farm the very same place where the inaugural BlueSky Exchange was held eight years ago in 2003. About 180 entrepreneurs and713 words
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Article, Illustration2285 2011-07-26 27 Panel of experts share their views ranging from the definition of sustainable business to how governments should lead by example OVERVIEW IT IS more than just being trendy. Proponents of sustainable business say there is growing urgency to embrace this move. The pace of environmental2,285 words
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PROPERTY
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314 2011-07-26 28 New entity plans to boost commercial property mgt business SAVILLS Singapore’s merger of its property management business with CKH Strata Management will bring together a team of 300 employees servicing nearly 30,000 apartments as well as many retail, office and industrial assets under management.314 words
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Article, Illustration307 2011-07-26 28 LASALLE Investment Management has named Paul Guest its head of research and strategy, Asia Pacific, from Sept 1. He joins the company from Jones Lang LaSalle (JLL), where he was head of Europe, Middle East and Africa research and prior to that, director307 words
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Article, Illustration1250 2011-07-26 28 Reuters [BEIJING] Despite enticing smiles from attractive sales agents who beckon visitors to an exhibition for a new property launch, the cavernous hall in suburban Beijing remained virtually empty for hours at a stretch. In contrast to the blistering summerReuters; AP - 1,250 words
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Article, Illustration624 2011-07-26 29 It is undervalued relative to US rivals, says CEO Richard Solomons Bloomberg [MILAN] InterContinental Hotels Group plc chief executive officer Richard Solomons aims to convince investors that the UK-based owner of the Holiday Inn brand is worth more than it’s being given creditBloomberg; BLOOMBERG - 624 words
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1319 2011-07-26 29 NYT [TORONTO] When Lisa Marion’s roommates moved out of her apartment here in February, she scrambled to find replacements. But instead of finding one or two, she found 30. Ms Marion, 26, has been using Airbnb, a website that streamlines the processNYT - 1,319 words
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217 2011-07-26 29 Reuters [LONDON] House prices in England and Wales ticked down again this month and are expected to fall further despite signs that demand is picking up somewhat, a survey by property data firm Hometrack showed yesterday. Prices fell by 0.1 perReuters - 217 words
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Article, Illustration536 2011-07-26 30 DICKSON LI - Acquisition is part of efforts to establish its brand in Sydney, Melbourne, Perth By DICKSON LI [SINGAPORE] The Australian service residence market is high in Frasers Hospitality’s sights, judging from its latest acquisition of a service apartment complex in Melbourne. Frasers bought 115 studios in536 words
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Article, Illustration322 2011-07-26 30 Bloomberg [HONG KONG] Prices in Hong Kong’s secondary home market may continue to drop, with conditions favouring the buyer, Cheung Kong (Holdings) Ltd executive director Justin Chiu said at a press conference in the city yesterday. “Both sellers and buyers are becoming moreBloomberg - 322 words
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225 2011-07-26 30 It is planning to buy US$500m worth of office properties Reuters [HONG KONG] The Hong Kong Monetary Authority (HKMA) is planning to buy US$500 million worth of office properties in London and Paris as part of a drive to increase its investment in Europe,Reuters - 225 words
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Page 28 Advertisements
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Advertisement117 2011-07-26 28 WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit www.wilbyresidences.com A MEMBER OF TAN CHONG INTERNATIONAL WILBY ESTATE ftp117 words
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Page 29 Advertisements
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Advertisement24 2011-07-26 29 S100K DECOR Check this out and many other properties in CATS Classified in BEATS The Straits Times now BUY IT• SELL IT• FIND IT24 words
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Advertisement80 2011-07-26 29 Lic No: L*****87F STUART CHNG6100-8858 OEI TIONG HAM *****sqft. Rebuild potential, privacy SWISS CLUB *****sqft. Good buy, serene surroundings THIRD AVE *****sqft. Urgent VICTORIA PARK *****sqft. 2 bungalows. Urgent WINDSOR *****sqft. Priced to sell, beautiful, move-in cond YARWOOD *****sqft. Sub-divide PRIME BUY BINJAI ***** *****sqft. Best buy, rebuild, modern BISHOPGATE80 words
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Advertisement74 2011-07-26 29 For Sale by Tender RarelyAvailableOfficeunitsatThongTeckBuilding,ScottsRoad Two strata offices of approx.1776 sq ft and 2,433 sq ft respectively For sale jointly or separately. Freehold tenure Development located prominently along Scotts Road, opposite Far East Plaza. Within walking distance to Orchard MRT Station. Tender Closing: Thursday, 18 August 2011, 4pm Michelle Cheng74 words
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Advertisement128 2011-07-26 30 Look no further for Singapore’s award-winning CFD trading platform. Trade forex, shares, indices, commodities and more, all from one account on Singapore’s easiest-to-use CFD trading platform.* Our web-based PureDeal platform is fast, secure and reliable, with a core uptime of 99.8% or above since January 2010. Includes Singapore’s best charting128 words
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