The Business Times, 21 February 2012
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2012-02-21
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The Business Times
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Title Section25 2012-02-21 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, February 21, 201225 words
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1020 2012-02-21 1 GRACE LEONG - Investors in a bind after Canadian land-banking firm’s court protection move By GRACE LEONG [SINGAPORE] Just a year-and-a-half after the Commercial Affairs Department (CAD) started probing Profitable Plots for allegedly not paying investors, BT understands that it is on the trail of another land-banking1,020 words
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MARKETS DIGEST
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Article108 2012-02-21 1 GST INDEX 3,021.19 (+20.60) GST INDEX FUTURES 3,021 (+21) GSIMSCI 347.43 (+2.86) GSIMSCI FUTURES 347.00 (+2.00) FOREX US$ S$ US$ (S$ per US$) 1.255 (US$/S$ per 1.585 1.990 EURO (US$/S$/E) 1.319 1.655 Foreign currency per US$ S$ YEN 79.40 63.30 RM 3.025 2.410 HK$ 7.754 6.177 BAHT 30.77 24.51108 words
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Article29 2012-02-21 1 SINGAPORE >33 MALAYSIA HONG KONG 5.D0 INDONESIA 14 546 TAIWAN JAPAN I 475 KOREA 933 BRITAIN asu US 12% CANADA no SWITZERLAND 051 INDIA I4)S Source: Bloomberg29 words
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Article, Illustration518 2012-02-21 1 CONRAD TAN - By CONRAD TAN [SINGAPORE] Stock markets across Asia rallied yesterday after China’s central bank surprised investors by cutting the reserves that Chinese banks need to hold, freeing more cash for them to lend to businesses and households. The move signals that theAP - 518 words
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Advertisement84 2012-02-21 1 COMMENTARY The reality of America’s global power PAGE 24 COMMODITIES Oil prices jump as Iran halts UK, France trade PAGE 4 COMPANIES OCBC Q4 net profit up 18% at $594m PAGE 5 PROPERTY Bartley, Kovan sites up for collective sale PAGE 32 Inc Building customer loyalty I PAGE 12 Pastamania’s84 words
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TOP STORIES
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Article346 2012-02-21 2 Probe on Canadian land banking firm JUST a year-and-a-half after the Commercial Affairs Department started probing Profitable Plots for allegedly not paying investors, BT understands that it is on the trail of another land banking firm Canada-based Edgeworth Properties Inc. The Canadian company has obtained court protection to346 words
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665 2012-02-21 2 TEH SHI NING - S’pore must review its economic model to raise productivity, says one By TEH SHI NING [SINGAPORE] Singapore’s “Budget for the future” throws into sharp relief the challenges facing policymakers as they aim to raise the economy’s productivity and reduce its reliance on foreign labour,665 words
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469 2012-02-21 2 JAIME EE - By JAIME EE [SINGAPORE] Marina Bay Sands (MBS) suffered its first celebrity restaurant casualty when it announced yesterday that its Spanish eatery Santi would serve its last meal on March 11. The closure comes just one year after the sudden469 words
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Article, Illustration517 2012-02-21 4 RONNIE LIM - Brent crude hits 8-month high, but oil product prices fail to follow suit Reports by RONNIE LIM [SINGAPORE] Crude oil prices jumped in Asian trade yesterday as Iran made a pre-emptive strike in halting its already limited oil exports to BritainREUTERS - 517 words
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586 2012-02-21 4 [SINGAPORE] High oil prices and petrochemicals oversupply vis-a-vis demand are putting pressure on Singapore’s mainly naph-tha-fuelled crackers namely those run by Petrochemical Corporation of Singapore (PCS), Shell and ExxonMobil to build an LPG import terminal to enable them to better compete with crackers,586 words
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Article, Illustration694 2012-02-21 4 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo JAPAN suffered its biggest monthly trade deficit on record in January, it was reported yesterday. This underlines the dramatic decline in the country’s economic fortunes brought about by last year’s natural and nuclear disasters and the worrying dropAP - 694 words
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486 2012-02-21 4 KENNETH LIM - By KENNETH LIM [SINGAPORE] The Competition Commission of Singapore (CCS) is seeking feedback on proposed changes to streamline and improve the transparency of the merger review procedures. The commission is proposing, among other changes, to let merger parties seek a confidential opinion on486 words
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Advertisement175 2012-02-21 2 UKi Open up your dreams Satisfaction attached." Manufacturing printers for companies government organisations since 1964. Print Copy, Scan Fax in one machine MC361dn $899 5.R.P SMB Users Ql-— PRINT SPEED (PPM): 22Colour/24Mono A4 Digital LED Colour MFP Print, Copy, Scan, Fax Double-sided Auto Print Double-sided Auto Scan Copy (Convenient ID175 words
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Advertisement561 2012-02-21 2 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 5 YEARS TOTAL AMOUNT OFFERED SGD 2,300,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** NIL ISSUE CODE N*****0Z (REOPENED) ISIN CODE SG7U*****433 ISSUE DATE/SETTLEMENT DATE 01 MARCH 2012 MATURITY DATE* 01 APRIL 2017 COUPON RATE561 words
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Advertisement137 2012-02-21 3 Michelle Wie Winner of CN Canadian's Women's Open 2010 2 LPGA victories At HSBC, we see beauty in challenges that lie ahead. Tomorrow is filled with challenges. And in them we see beauty as it brings out the best in us. See this come alive as world-class golfers like Karrie137 words
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Advertisement160 2012-02-21 4 ENTRAL JJL I NK A Rare Business Development at CBD Fringe V 4 ■v. VII I S e' 9 ALEXANDRA RD LENG KEE RD Terms and conditions apply Estimated monthly installment based on 70% Bank loan of 1.75% for 25 years Rental yield of 6% is calculated based on Median160 words
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Advertisement191 2012-02-21 5 The moon-phase indication needs to be periodically corrected. About once every four generations. SOHNF LANGE 7ha lITTK aoA OBZ 'V 05 •AS A" j5GB GLASHUTTE V.SA The SAX0NIA ANNUAL CALENDAR provides five different time indications at a glance: the time of day, outsize date, day of week, month, and moon191 words
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COMPANY NEWS
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658 2012-02-21 5 EMILYN YAP - Full year net up 3% at $2.3b; strong loans growth helps it beat expectations By EMILYN YAP OCBC Bank’s fourth-quar-ter net profit rose 18 per cent from the previous year to $594 million on the back of robust loan growth. This brought658 words
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Article, Illustration398 2012-02-21 5 EMILYN YAP - By EMILYN YAP OCBC Bank’s incoming chief executive Samuel Tsien has played down expectations of a shift in the group’s direction after he takes over the helm in April. “We expect that not only this transition will be very non-eventful, but it will also beARTHUR LEE - 398 words
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Article, Illustration621 2012-02-21 7 SIOW LI SEN - Asia continues to be its strongest growth market, S’pore its largest Asian office By SIOW LI SEN DEUTSCHE Bank private bank is ramping up its hiring in the region over the next four years and plans to add 40 more relationship managers per621 words
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Article340 2012-02-21 7 NISHA RAMCHANDANI - By NISHA RAMCHANDANI A HIGHER patient load and wider range of medical specialities helped private healthcare provider Raffles Medical Group (RMG) post an 11.3 per cent rise in net profit to $50.4 million for the financial year ended Dec 31, 2011. Revenue rose 14.1340 words
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336 2012-02-21 7 JAMIE LEE - By JAMIE LEE THE Singapore Exchange (SGX) has flagged “internal control weaknesses” at Fragrance Group that include those linked to vice as part of the regulator’s scrutiny over its application to have its holding firm listed. In a regulatory filing late last336 words
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484 2012-02-21 8 KENNETH LIM - Brokers take neutral stance, say worst is over for commodity trader By KENNETH LIM NOBLE Group is widely expected to return to profitability when it reports its fourth-quarter results next week, but analysts remain cautious about the industry’s near-term outlook. “We believe484 words
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Article, Illustration463 2012-02-21 8 MINDY TAN - By MINDY TAN WHEELOCK Properties yesterday posted a 3.2 per cent year-on-year increase in net profit to $121 million for the fourth quarter of 2011, up from a restated $117.3 million. This was despite revenue slipping $70.5 million or 55.9 per cent463 words
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Article, Illustration311 2012-02-21 8 MICHELLE TAN - It pays 13b yen for properties from its Japan fund By MICHELLE TAN CAPITAMALLS Asia (CMA) has acquired the remaining 73.71 per cent stakes in three Japanese malls for 13.2 billion yen (S$194 million). The malls La Park Mizue, Izumiya Hirakata and Coop Kobe311 words
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379 2012-02-21 8 JAMIE LEE - By JAMIE LEE A DIRECTOR at See Hup Seng who faced an ousting threat by the company’s chief executive at a shareholders’ meeting has resigned ahead of the showdown, the company said yesterday. Tan Ong Huat who was an executive director379 words
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346 2012-02-21 8 GRACE LEONG - By GRACE LEONG CHINA Sky Chemical Fibre said yesterday that its request for information relating to a probe by the Commercial Affairs Department was rejected by the Singapore Exchange (SGX). In a joint statement last week, the Monetary Authority of346 words
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324 2012-02-21 8 CONSTRUCTION and property development group Tiong Seng Holdings’ net profit for the year ended Dec 31, 2011, slipped 6 per cent to $27.2 million from the restated $28.8 million the year before. The dip in FY2011 was due mainly to a324 words
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SINGAPORE MARKETS
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Article, Illustration626 2012-02-21 6 R SIVANITHY - Strong start for the week with ST Index rising 20.6 points; turnover in penny-stock territory STOCKS R SIVANITHY Senior Correspondent T RADERS yesterday bet on Greece’s bailout being finalised soon and European markets kicking off the week on a strong note by pushing the StraitsSource: Bloomberg - 626 words
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Article65 2012-02-21 6 Feb 20 VALUE CLOSE BT OB/OS 463.00-181.00 BT CADI -*****.00 +37.00 BT 10-day MA -*****.00 +47.00 FTSE ST Mid Cap 685.38 +3.74 FTSE ST Small Cap 471.51 +4.07 FTSE ST All Share 729.39 +4.89 FTSE ST China Top 233.82 +2.51 FTSE ST China 269.24 +1.30 FTSE ST65 words
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Article57 2012-02-21 6 VOLUME MDR 316,304,000 TopGlobal 203,825,000 MDR W*****5 88,330,000 GMG Global 76,031,000 Oceanus 67,483,000 UniFiber 61,751,000 Golden Agri 53,239,000 JEL Corp 47,867,000 Lereno 46,564,000 PSL Hldgs 45,096,000 VALUE($) SingTel 77,636,130 DBS Grp 74,603,050 Genting SP 63,883,110 CapitaLand 54,855,010 Keppel Corp 52,838,090 Noble Grp 48,712,785 Golden Agri 41,082,470 Wilmar57 words
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Article186 2012-02-21 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 7 0 0 0 6 4 7 Manufacturing 61 71 37 10 11 2 71 82 39 Commerce 28 15 22 5 1 4 33 16 26 Tpt/Stor/Comms 14 16 13186 words
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Article964 2012-02-21 6 JOYCE HOOI - Compiled by JOYCE HOOI OCBC Bank Feb 20 close: $8.95 DBS Group Research, Feb 20 Q4 2011 earnings were in line, driven by the reversal of trading loss but were mostly offset by lower insurance contribution. Fees and commissions were weaker across the board. Wealth management income was964 words
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Article121 2012-02-21 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,965 18,965 72,064 72,064 Manufacturing 307,921 110,179 418,100 206,523 1,173 207,696 Commerce 231,357 13,124 244,481 143,222 973 144,195 Tpt/Stor/Comms 151,818 25,301 177,119 217,691 4,264 221,954 Finance 32,923 200 33,123 160,133 42 160,175 Construction 179,282 205,912121 words
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Article111 2012-02-21 6 Stock name Close Change CapMallsAsia 1.640 +0.075 CapitaLand 2.990 +0.100 CapitaMall 1.780 +0.030 CityDev 11.130 +0.150 ComfortDelGro 1.520 +0.015 DBS Grp 14.100 +0.160 F&N 6.490 +0.020 GLP 2.090 +0.010 Genting SP 1.685 Golden Agri 0.780 +0.015 HK Land 5.730 +0.090 JMH 52.400 -0.600 JSH 31.400 +0.500111 words
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Article, Illustration452 2012-02-21 6 CURRENCIES Bloomberg [SINGAPORE] Malaysia’s ringgit led a second day of gains in Asian currencies yesterday, after China cut the reserve requirement for lenders and as euro-area officials met to consider handing Greece another bailout package. China lowered the amount of cash lenders mustBloomberg; BLOOMBERG - 452 words
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Article117 2012-02-21 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 282.3 2.0 Lyxor MS India 10US$ 1477 99.1 5.7 DBXT FTVietnam 10US$ 2400 77.8 2.7 JSH 3140 62.7 1.6 DBXT FTChina25 10US$ 2972 41.4 1.1 Lyxor US DJIA 10 US$ 1305 37.6 2.4 Lyxor Nasdaq100 10US 1035 36.4 2.9 DBXT MSINDIA117 words
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Article129 2012-02-21 6 UOL BY CENTS CLOSE DOWN JMH 5240 -75.3 -1.1 DBXT S&P Short 10US$ 3791 -62.7 -1.3 DBS Bk 4.7% NCPS 100 ***** -23.0 -0.2 Jardine C&C 4940 -22.0 -0.4 STXPO 100 890 -20.0 -2.2 DBXT MSBrazil 10US$ 683 -11.3 -1.3 Lyxor China H 10US$ 1480 -10.0 -0.5 OCBC Bk129 words
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Advertisement88 2012-02-21 7 found a WAV ROAST U A m /JTA t chickens 1 i'n 9/ m li I h J* I T J. ■'V.u H > W ,T 1A L n WM'Z Ji 7 /Hi /r flf .MB /M ONEGOf Mr Han Choon Fook Managing Director, Han’s Group of Companies A SIMPLE88 words
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Advertisement619 2012-02-21 8 WATS NOTICES OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) Company Registration No *****0032W LOST SHARE CERTIFICATES The following share certificates have been reported lost, mislaid or destroyed by the shareholders:Notice is hereby given that replacement certificates will be issued and the original certificates will be deemed cancelled and void fourteen619 words
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Advertisement234 2012-02-21 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INDEPENDENT DATA SERVICES (AUSTRALASIA) PTE. LTD. (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the member(s) of INDEPENDENT DATA SERVICES (AUSTRALASIA) PTE. LTD., deemed convened and held at 1 Kaki Bukit Road 1 #02-47,234 words
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Advertisement17 2012-02-21 8 RELOCATION LOGISTICS We specialize in Local Relocation Services for Industrial Commercial purposes. Call 9797 1029 9178 618517 words
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Advertisement15 2012-02-21 8 I Want To BUY st701.com SHOPS The Leading Online Classifieds u I i i i15 words
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SINGAPORE NEWS
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581 2012-02-21 9 NISHA RAMCHANDANI - Moves to make aged care more affordable will be rolled out by Q3 By NISHA RAMCHANDANI SOME $250 million, representing an extra 30 per cent, will be channelled towards Singapore’s intermediate and long-term care (ILTC) sector annually. This will benefit 10,000 more581 words
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Article, Illustration1222 2012-02-21 9 EDWIN LOH - By EDWIN LOH ON Jan 7, just when most people have thrown in the towel on their New Year’s resolution to get fitter, Steven Lim got on his bike with a mission to cycle 400 km in 24 hours. HisFILE PHOTO - 1,222 words
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471 2012-02-21 9 LEE U-WEN - Revamping jobs in horticultural sector is next By LEE U-WEN AN ambitious plan launched three years ago to upgrade the skills and boost the wages of some 3,000 cleaners deployed at public housing estates has borne much fruit since then. Cleaners who471 words
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Advertisement137 2012-02-21 9 Gearing up for our future. Book your seat with us at the annual PwC Budget Seminar, and let us be your guide to Budget 2012. ESPN host, Steve Dawson, as emcee with PwC tax specialists and our panel of business leaders will share their views on Budget 2012, as well137 words
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Advertisement960 2012-02-21 10 Register at jobs.st701 .com/seminars EFFECTIVE COMMUNICATION SKILLS Who should attend: Managers, co-ordinators, supervisors, secretaries, admin executives, sales, marketing, customer service, account-servicing personnel and support staff ENHANCE YOUR WORK PRODUCTIVITY Communicating for Success Influential Communication Strategies Friday, 24 Feb 2012, SPH Auditorium (2pm to 6pm) Wednesday, 22 Feb 2012, SPH News960 words
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SME Inc
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Article, Illustration1272 2012-02-21 10 EDWIN LOH, JASMINE NG - Online car portal sgCarMart’s annual turnover is some $5m with over 10,000 listings on its site, report EDWIN LOH JASMINE NG reportEDWIN EDWIN LOH, JASMINE NG THIRTY-YEAR-OLD Vincent Tan Boon Kiat’s experience is best epitomised by this line from Robert Frost’s famous poem heYEN MENG JIIN - 1,272 words
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Article, Illustration933 2012-02-21 12 GINA LEE - Companies which take a holistic approach can not only boost loyalty but profits as well COMMENTARY By GINA LEE The writer is account director at Grass Roots Asia Pacific. Grass Roots is a performance improvement company, helping its clients to better engage with their customers, employees, andFILE PHOTO - 933 words
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Article, Illustration1332 2012-02-21 13 LESLEY IEOH - Pastamania’s managing director, Andrew Kwan, says what’s important in running a business is the people behind it, reportsLESLEY TEOH reportsLESLEY LESLEY IEOH FOR Pastamania’s managing director, Andrew Kwan, quality people form the backbone of every successful company. Mr Kwan’s experience at the casual restaurant chain provesYEN MENG JIIN - 1,332 words
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Article, Illustration1024 2012-02-21 13 SUZIE H - Fresh graduates usually head for jobs in MNCs which are perceived as more prestigious and with higher pay. But there are some who prefer to work in an SME, where things are less hierarchical and there are more opportunities By SUZIE H AT HEALTHPHOTOS: YEN MENG JIIN - 1,024 words
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EMERGING ENTERPRISE
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Article, Illustration938 2012-02-21 11 Cloud solutions have the potential to deliver more value and simplicity than in-house IT deployments AT FIRST glance, 2012 is looking like a gloomy year for SMEs. Business and rental costs continue to rise, while financing and job markets get tighter. But beyond the gloom,AFP - 938 words
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Advertisement221 2012-02-21 11 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, up to three SMEs will each receive S$390,000 in prizes comprising an interest-free loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation221 words
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Advertisement126 2012-02-21 12 -S' Experiencing a talent squeeze? mm i w HI: Partner with SPRING to grow your talent pool. Join MAR Management Associate Partnership attracts and develops young talented graduate with SMEs. BENEFITS FOR ELIGIBLE COMPANIES: Get up to $15,000 training grant* for each talent recruited Be profiled as a choice employer126 words
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Advertisement103 2012-02-21 13 HAVE a pressing question about a business related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg103 words
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ECONOMY WATCH
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Article, Illustration679 2012-02-21 14 Strong rebound seen as govt, exporters step up spending on reconstruction Reuters [BANGKOK] Thailand’s economy shrank a record 10.7 per cent in the fourth quarter, much worse than expected, due to devastating flooding but it is expected to bounce back sharply this yearReuters; AP - 679 words
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434 2012-02-21 14 NYT [CAIRO] Egypt’s transitional government announced plans on Sunday to sign a loan agreement with the International Monetary Fund worth US$3.2 billion, less than a year after abruptly turning its back on a loan from the international lender, state mediaNYT - 434 words
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546 2012-02-21 14 Official inflation rate is 21% but some say it is actually 50% Reuters [TEHERAN] Marjan Hamidi turned away from the butcher’s shop in a crowde d area o f T e h eran s sprawling bazaar. Her quest to buy reasonably pricedReuters - 546 words
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Article, Illustration566 2012-02-21 14 Russian giant admits it lacks European storage space AFP [MOSCOW] Gazprom’s inability to pump extra gas to Europe during the big winter chill has cast clouds over the Russian giant’s vision of becoming the world’s fail-safe supplier of last resort. Analysts said theAFP; BLOOMBERG - 566 words
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Advertisement267 2012-02-21 14 JS2L flUS.TRMtlfl BUSINESSMIGhATION MEMBER OF MIGRATION INSTITUTE Of AUSTRALIA The Government of Western Australia through their Business Migration Centre at the Small Business Development Corporation, the UHY Haines Norton, Chartered Accountants of Perth, ANZ Bank of Australia, in collaboration with Australian Migration Agent Pte Ltd, are presenting a free value267 words
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MALAYSIA
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501 2012-02-21 15 PAULINE NG - Analysts cut forecast on expectations of weaker enrolment By PAULINE NG By in Kuala Lumpur RIDING on a high at its initial public offering (IPO) in 2010 when it went on the market with a 15-20 premium over its peers, Masterskill Education Group501 words
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456 2012-02-21 15 S JAYASANKARAN - Am Research sets RM2.73 ‘fair’ value; from RM2.10 now By S JAYASANKARAN in Kuala Lumpur A LOCAL research house has called a “buy” on construction steelmaker Ann Joo Resources, citing a turnaround in 2012 on the back of new orders from a rollout456 words
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Article, Illustration542 2012-02-21 15 Rothschild likely to remain director, Tan to be nominated as chairman BOARDROOM BATTLE: SAMIN TAN v NATHANIEL ROTHSCHILD Reuters Bloomberg [JAKARTA] Two men who waged a battle for boardroom control of UK-listed coal miner Bumi plc have called a truce after talks in LondonReuters; Bloomberg; PHOTOS: REUTERS, BLOOMBERG - 542 words
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Advertisement130 2012-02-21 15 We believe uncertainty creates opportunity. While many investors are puzzled by today’s dynamic markets, we believe these conditions can create long-term investment opportunities. Throughout our history, J.P. Morgan Asset Management’s global network has been focused on helping clients navigate the investment maze. You, too, can turn times of uncertainty into130 words
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GREATER CHINA/INDIA
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574 2012-02-21 16 Banks are taking advantage of lowest bond yields relative to deposits since ’08 Bloomberg [SHANGHAI] The Chinese banks most dependent on private borrowers are heeding Premier Wen Jiabao’s calls to extend support to entrepreneurs, taking advantage of the lowest bond yields relative toBloomberg - 574 words
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Article, Illustration675 2012-02-21 16 AFP [PARIS] Chinese automakers have returned in force to Europe, buying up brands and plants after early efforts to get a foothold in one of the world’s largest car markets failed. Great Wall Motor is the latest China entrant, with production atAFP - 675 words
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402 2012-02-21 16 Bloomberg [HONG KONG] Hong Kong’s inflation accelerated to 6.1 per cent, the fastest pace in six months, in January as the Chinese Lunar New Year holiday boosted spending. The increase in the consumer price index from a year earlier compared with 5.7 perBloomberg - 402 words
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511 2012-02-21 16 Bloomberg [HONG KONG] Henry Tang, embroiled in a scandal over an illegal basement built at his wife’s property, submitted a formal bid to run as the city’s top leader yesterday, ignoring sinking opin-ion-poll ratings and calls to drop out. The moveBloomberg - 511 words
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377 2012-02-21 16 But it will be some time before new index replaces WPI as main inflation gauge Reuters [NEW DELHI] India will start releasing annual inflation data based on the consumer price index (CPI) every month starting today, a move that is expected to makeReuters - 377 words
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Advertisement107 2012-02-21 16 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to107 words
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Advertisement37 2012-02-21 16 GRAB YOUR MARCH ISSUE NOW! INTHIS ISSUE!? FOR GYM NEWBIES WORKOUT SECRETS TO GET YOU FROM SCRAWNY TO BRAWNY! ENJOY$1OFF! PURCHASE THIS ISSUE AT ONLY $5[U.P. $6] AT COLD STORAGE, JASONS OR MARKET PLACE. WHILE STOCKS LAST!37 words
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WORLD
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Article, Illustration1573 2012-02-21 17 Costs of foreign currency loans expected to stay high as US, European banks stay away from region Reuters [HONG KONG] In a world awash with cheap cash from major central banks, it may seem ironic that companies in the top emerging market growthReuters; REUTERS - 1,573 words
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Article, Illustration622 2012-02-21 18 But some key issues such as control over Greek spending still remain unsolved AP [BRUSSELS] Eurozone governments were due to sign off later yesterday a long-awaited rescue package for Greece, saving it from a potentially calamitous bankruptcy next month, seniorAP; REUTERS - 622 words
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611 2012-02-21 18 NYT [NEW YORK] A week after the Grammy Awards celebrations, the music industry is hunkering down for what could be an intense year-long fight over corporate consolidation. The ownership landscape of the major music companies has shifted significantly in the past year. In MayNYT - 611 words
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Article, Illustration547 2012-02-21 18 Bloomberg AFP [DUBLIN] China is considering more involvement in resolving the European debt crisis through the European Union’s bailout funds, the country’s Vice-Presi-dent Xi Jinping said in a speech in Dublin on Sunday night. Mr Xi was in Ireland on a three-day visitBloomberg; AFP - 547 words
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309 2012-02-21 18 AFP [LONDON] Britain’s state-rescued Lloyds Banking Group (LBG) will claw back bonuses from several executives following a multi-billion-pound insurance mis-selling scandal, according to reports yesterday. LBG will take back a total bonus pot of £2.0 million (S$4 million) from 10 current and former executives,AFP - 309 words
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563 2012-02-21 18 It is losing one of its ‘key relative credit strengths’: Moody’s Bloomberg [MADRID] Spain’s debt load is set to double from where it was when Europe’s sovereign debt crisis began, eroding the economic advantages that distinguished it from the region’s periphery andBloomberg - 563 words
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Article, Illustration1095 2012-02-21 19 He accuses Okada of improper payments, forcibly buys back stake at discount Reuters [NEW YORK] Wynn Resorts Ltd chief executive Steve Wynn upped the ante in his fight against former business partner Kazuo Okada, accusing the Japanese gaming mogul of improper paymentsReuters; PHOTO: AP - 1,095 words
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681 2012-02-21 20 Latin America, struggles after two deals were pulled, another postponed IFR [LONDON] In a sign of how the new issuance frenzy has got ahead itself, a number of high-yield and borderline investmentgrade transactions across the emerging markets ran into difficulties in theIFR - 681 words
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Article, Illustration668 2012-02-21 20 Bloomberg [MOSCOW] Russia’s ousted Finance Minister Alexei Kudrin setting up a new party would enable him to challenge President Dmitry Medvedev for the premiership in the next Cabinet, according to Igor Yurgens, a presidential adviser. “Kudrin would be an ideal prime minister for an interimBloomberg; REUTERS - 668 words
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Article, Illustration697 2012-02-21 20 Researchers look into metabolic rate dip with weight loss AFP [VANCOUVER, Canada] Everything you know about dieting is wrong, say US scientists who have devised a new formula for calculating calories and weight loss that they hope will revolutionise the wayAFP; FILE PHOTO - 697 words
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635 2012-02-21 20 It hopes the trains can help boost output by 60% Reuters [MELBOURNE] Global miner Rio Tinto has accelerated a move toward automation, unveiling a US$518 million plan to pioneer the use of driverless trains in Australia and increasing its bet on a futureReuters - 635 words
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Advertisement194 2012-02-21 17 There Are Some Things In Life For Which You'll Never Compromise Your health is clearly one of them, and we understand. That's why Paragon Medical is home to a total of over 60 specialists, ensuring you get the best of care to stay in perfect healths MEDICAL SERVICES: Aesthetics/Cosmetic Surgery194 words
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Advertisement228 2012-02-21 19 Y N CALL OF DUTY FOR TOTAL DEFENCE Total Defence involves all Singaporeans playing a part in strengthening Singapore’s military, civil, economic, social and psychological defence. Employers help build a strong defence force when they assist their employees to fulfil their National Service (NS) obligations. They do this by adopting228 words
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AVIATION
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389 2012-02-21 21 Bloomberg [SINGAPORE] Boeing Co, Sikorsky, Eurocopter and Bell, the top four helicopter makers, are focused on Asia as 1,000 orders from states spanning India to South Korea are set to make it the fastest growing military chopper market by 2015. Tenders in half aBloomberg - 389 words
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403 2012-02-21 21 AFP Bloomberg [MUMBAI] India’s aviation regulator yesterday summoned cash-strapped Kingfisher Airlines to explain scores of cancelled flights over recent days, as the carrier’s problems mounted. Debt-laden Kingfisher cancelled 16 flights yesterday from Mumbai and several more from New Delhi, on top of scrapping moreAFP; Bloomberg - 403 words
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Article, Illustration599 2012-02-21 21 Lion Air leads the pack with a US$22.4b order of 230 Boeing planes AFP [SINGAPORE] Indonesian buyers dominated this year’s Singapore Airshow, underscoring the vast South-east Asian archipelago’s growing importance in the world aviation industry. An expanding middle class, strong economic growth, political stability and theAFP; REUTERS - 599 words
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Article, Illustration421 2012-02-21 21 Ground control staff to continue strike till 5am on Feb 22 Bloomberg [FRANKFURT] Frankfurt airport, Europe’s third biggest, said that more than 80 per cent of flights are operating as ground control staff strike for a third day. Fraport AG, which operates the airport,Bloomberg; AP - 421 words
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581 2012-02-21 21 Reuters [SINGAPORE] How do you stump up the money for a US$22 billion aircraft deal? The answer in the case of Indonesia’s Lion Air, which finalised a record order with Boeing this week, is typical of many mega-air-craft deals: with a littleReuters - 581 words
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Page 21 Miscellaneous
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Miscellaneous301 2012-02-21 21 CRYPTIC CROSSWORD Across 1 Out-of-uniform cops in lethal exchange (12) 9 Submarine’s left following protective coat (9) 10 Grand bits of fluff giving flash (5) 11 Foreign Office? (6) 12 Wrapped in duvet, here all’s heavenly (8) 13 Draw out girl, endlessly motionless (6) 15 Bay enclosure providing shelter (8)301 words
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2377 2012-02-21 22 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO2,377 words
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Page 22 Advertisements
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Advertisement22 2012-02-21 22 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****32722 words
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SHIPPING
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Article, Illustration562 2012-02-21 23 LYNN KAN - Port and shipping capacity cannot cope with wheat bonanzas By LYNN KAN [SINGAPORE] It is entirely possible to have too much of a good thing. Australia may be expecting a bonanza 28.5 million tonne wheat harvest this year but that coupled with the grain562 words
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497 2012-02-21 23 Reuters [LONDON] The fledgling market in swap contracts to hedge exposure to volatile rates in the container freight market will take longer than expected to gain trading volumes as participants warm to the idea of using derivatives, brokers ACM/GFI said. The potential is huge,Reuters - 497 words
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237 2012-02-21 23 Bloomberg [LONDON] Frontline Ltd, the owner of 40 oil tankers led by billionaire John Fredriksen, said fourth-quarter losses widened as the company split to withstand the worst rout in rates for 12 years. The net loss for the final three months of 2011 was US$343.7Bloomberg - 237 words
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533 2012-02-21 23 Bloomberg [COPENHAGEN] Maersk Line, the world’s largest container carrier, said it will cut 9 per cent of its shipping capacity on Asia to Europe, its largest trade route, in an effort to restore profitability. Maersk will take out the ships by setting upBloomberg - 533 words
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272 2012-02-21 23 Bloomberg [LONDON] Slowing steel output and record iron ore inventories in China are a sign that hire costs for Capesize vessels hauling raw materials will extend this year’s 81 per cent slump, investment bank RS Platou Markets ASA said. China’s steel producers cutBloomberg - 272 words
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Article259 2012-02-21 23 SGX '000 Feb 20 S$ +/-Vol CH Offshore 0.39 unch 113 Chuan Hup Hldg 0.23 unch 100 Cosco Corp 1.28 0.01 ***** s$ Ezra HldgsD 1.31 -0.01 2571 First Ship Lea 0.20 unch 1485 Freight Links 0.07 unch 2318 Grand Banks 0.21 0.03 5 Jaya Hold Ltd 0.56259 words
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Page 23 Advertisements
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Advertisement29 2012-02-21 23 I FREIGHT I 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 132729 words
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Advertisement34 2012-02-21 23 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. The Business Times Shipping Times Legal services required by shippers owners Can they find your services here in the Shipping Times?34 words
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EDITORIAL & OPINION
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Article, Illustration1095 2012-02-21 24 LEON HADAR - No great power can retain military superiority with weakening economic superstructure LEON HADAR Washington Correspondent AS a life-long hypochondriac, I was laughing out loud when reading the tragic-comic inscription on the tombstone located in the cemetery in Key West, Florida: “I Told You IAP - 1,095 words
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Article, Illustration753 2012-02-21 24 DAVID SANDISON - THE BOTTOM LINE DAVID SANDISON The writer is Tax Partner at PwC Services LLP (Singapore) IF you were a corporate tax practitioner, you would have come out from watching the Minister for Finance’s Budget speech this year in a state of mild shock. While753 words
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Article514 2012-02-21 24 EDITORIAL THE five-day visit last week of China’s Vice-President and presumed next leader, Xi Jinping, to the United States achieved as much as could be expected in the circumstances. Throughout his trip, Mr Xi routinely used the term “core interests” to let his hosts know514 words
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Article, Illustration1143 2012-02-21 25 CHARLES WYPLOSZ - It is now effectively guaranteeing eurozone government debts and taking enormous risks By CHARLES WYPLOSZ The author is Professor of International Economics at the Graduate Institute, Geneva. This commentary was sourced from VoxEU.org, a web portal that features the views of prominent economists. ITH immenseREUTERS - 1,143 words
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Article, Illustration822 2012-02-21 25 PAUL KRUGMAN - Deep cuts do a depressed economy no good, as Europe’s troubles show PAUL KRUGMAN LAST week the European Commission confirmed what everyone suspected: the economies it surveys are shrinking, not growing. It’s not an official recession yet, but the only real question is822 words
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Article, Illustration618 2012-02-21 25 NEIL UNMACK - REUTERS BREAKINGVIEWS By NEIL UNMACK THE eurozone is in a race against time. A 14.5 billion euro (S$24 billion) Greek bond will mature on M`arch 20. If a second bailout hasn’t been agreed by then, a chaotic default will follow. The timeline is even tighter thanAP - 618 words
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SINGAPORE STOCKS
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Article2805 2012-02-21 26 Transaction date: Feb 20 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 Last Vol Day Last Quote 112.5 92.5 AIMSAMPIReit 107 +0.5 865 107 106.5 106.5 107.5 1.9 10.8 474.9 Net M2,805 words
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Article210 2012-02-21 27 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil nch210 words
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Article7226 2012-02-21 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Smaller Cos 17,226 words
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Article200 2012-02-21 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US37.5 +0.5 7843 37.5 36.5 37 37.5 2469.2 15 10 OGL Resources A$ A10 5 11.5 1.5 205 168 TanChongInt HK191 +2200 words
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Article902 2012-02-21 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118 +1.4 37 118 118 117 118.2 538.6 1261 856 CIMBAsean40 100US$ US1050 +10 70 1055 1050 1049 1052 42902 words
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FINANCE & COMMODITIES
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373 2012-02-21 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 17 Index Change Change Change Change Change Change World Preliminary 898.9 0.4 8.3 0.0 5.7 0.6 8.9 EAFE Preliminary 741.2 0.9 8.7 0.6 6.4 1.2 9.6 Europe Preliminary 1108.7 0.8 8.0373 words
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Article77 2012-02-21 28 CRUDE OIL PRODUCTS Feb 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 119.24 -0.34 WTI (Near Mth) 103.46 1.13 Dubai (1-Mth F) 116.21 0.20 Tapis blend 128.48 0.68 Minas 127.28 0.68 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.56 1.73 Jet Kerosene 133.25 1.35 US$/barrel Opec Oil77 words
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Article, Illustration106 2012-02-21 28 As on 17 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT APR2012 1736.70 1729.90 1725.60 3 CURRENCY AUD-USD FUT MAR2012 1.0748 1.0683 1.0687 8 EUR-USD FUT MAR2012 1.3198 1.3117 1.3157 ***** USD-JPY FUT MAR2012 79.16 79.15 79.43 2 BASE METAL106 words
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Article161 2012-02-21 28 Feb 20 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 398.0 398.0 398.6 3 319 Apr 12 401.7 111 May 12 404.7 214 Jun 12 406.8 201 Jul 12 406.8 128 Aug 12 406.7 110 Sep 12161 words
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Article65 2012-02-21 28 Feb 17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2121.50 2118.00 3 months 2164.00 2160.00 Copper, Grade A(US$/tonne) Cash 8169.00 8286.00 3 months 8175.00 8300.00 Lead(US$/tonne) Cash 2015.00 1985.00 3 months 2045.00 2015.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article107 2012-02-21 28 Feb 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1267.50 1258.25 1273.25 1256.25 May 12 1273.75 1265.00 1279.50 1263.75 Jul 12 1282.00 1273.50 1287.75 1272.00 Aug 12 1278.00 1269.75 1281.75 1275.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.40107 words
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Article79 2012-02-21 28 Feb 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-May-12 0.34 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.92 5-Year N*****0W 1.125 01-Apr-16 102.61 BQ*****S 24-May-12 10-Year NX*****X79 words
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Article451 2012-02-21 28 Feb 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5250 0 2197 Jun12 99.4900 0 2287 Sep12 99.4500 0 1178 Dec12 99.4100 0 1068 EUROYEN TIBOR FUTURES Mar12 99.6700 0 1664 Jun12 99.6700 0 1429 Sep12 99.6675 0 683 Dec12 99.6675 0 117 Mar13 99.6650451 words
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Article81 2012-02-21 28 Feb 17 COCOA (£/tonne) Close Prev High/Low Mar 12 1494 1537 1516/1488 May 12 1502 1543 1522/1493 Jul 12 1516 1553 1531/1506 Sep 12 1523 1556 1533/1508 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2094 2167 2172/2085 May 12 1994 2039 2049/1985 Jul 12 2007 2050 2058/1999 Sep 12 202681 words
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1307 2012-02-21 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Aztech Grp W*****3 0.3 unch 829 1 20 95 34.67 9 Baker Technology Ltd W*****6 6 unch 10 1 32 12 5.671,307 words
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Article470 2012-02-21 28 Feb 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.069 6.774 0.815 8.336 52.873 97.108 0.854 12.087 3.252 1.281 97.630 45.789 1.349 8.281 0.985 31.763 33.081 0.678 1.075 Canada 0.936 6.338470 words
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Article70 2012-02-21 28 Feb 20 IW4I 1 mill iu*m nsiMt 2 mlh» ft lorn u.u*j*o 5 MMlil 1.1 li 7MI0 O-VAMP mil" •> J rr^ii. 1J ftllM V*-V»CI SWAP GNtr rate (SJ> n nvw rrnh* 3 mifi^ flinch 0 rh* O4IU01 'U r*V| 0 6in:« Tinmr o.ren SWAT Mldrat« '.’SI Vfr ,,c>70 words
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Article138 2012-02-21 28 Feb 20 GOLD(US$/oz) Feb 20 Feb 17 Hong Kong 1739.00 1639.30 Feb 17 Feb 17 Feb 16 London 1719.86 1719.21 1720.63 1719.98 Source: Thomson Reuters CAST BAR Feb 20 (S$) Selling Buying Kilobar "75,072.27" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 168 70 5gm 477 350 10gm138 words
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Article65 2012-02-21 28 Feb 20 KICE PALM FlirilHtS <KM'MT> Delivery Optniny Sell Month Hanot Poet Ai Price I'oh to* Vol Done Open Position Mai 13 4335.0 im« i24UU j3!| U *w 4SI84 April 1?H1 0 1737 f T377 n <7 WO ?1HJ Mey 'i 3372 0 1MI.P 7778 0 3211 065 words
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Article24 2012-02-21 28 Feb 20 Open High Sett STI Feb 3021.0 SIMSCI Feb 345.0 349 347.0 Taiwan Feb 282.4 285.1 282.7 Source: SGX Derivatives24 words
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Article22 2012-02-21 28 Feb 20 S$ Bid Offer 1-month 1.2548 1.2556 2-months 1.2547 1.2555 3-months 1.2545 1.2553 6-months 1.2530 1.2540 Source: OCBC22 words
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Article155 2012-02-21 28 Feb 20 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3484 1.3505 1.0746 1.0756 Canadian dollar 1.2617 1.2633 1.0055 1.0061 Euro 1.6543 1.6559 1.3184 1.3188 NZ dollar 1.0525 1.0538 0.8388 0.8393 Sterling pound 1.9892 1.9908 1.5853155 words
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Article121 2012-02-21 28 As at 9am Feb 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.381 1.316 Can dollar 1.285 1.236 Euro 1.684 1.62 Sterling pound 2.023 1.946 NZ dollar 1.083 1.032 US dollar 1.269 1.221 Local dollars to 100 units of foreign121 words
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Article154 2012-02-21 28 Feb 20 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85 12154 words
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PROPERTY
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Article, Illustration810 2012-02-21 29 Bank of Ireland CEO sees loan losses reducing over time; shares gain 8.6% Bloomberg [DUBLIN] Bank of Ireland plc chief executive officer Richie Boucher said he expects the bank’s home-loan arrears to peak this year and loan-loss impairments will “reduce over time”Bloomberg; BLOOMBERG FILE PHOTO - 810 words
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Article, Illustration427 2012-02-21 30 Average asking prices up 2.5% from January to £449,252 Bloomberg [LONDON] Asking prices for London homes rose to close to a record in February, helping to push national values the most in almost a decade, Rightmove plc said. Average asking prices inBloomberg; BLOOMBERG FILE PHOTO - 427 words
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228 2012-02-21 30 Property in Canary Wharf has 546,114 sq ft of space Bloomberg [BERLIN] Qatar Investment Authority, the country’s sov-ereign-wealth fund, bought Credit Suisse Group AG’s London headquarters and leased the building back to the Swiss lender. The property at One Cabot Square inBloomberg - 228 words
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541 2012-02-21 30 Bloomberg [SYDNEY] Lend Lease Group, Australia’s biggest property developer, posted a 3.8 per cent drop in first-half profit after sales in Europe and the US declined and said it is in due diligence with potential partners on the funding ofBloomberg - 541 words
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Article, Illustration940 2012-02-21 30 NYT [NEW YORK] Some Wall Street investors made money as the mortgage market boomed; others profited when it fell apart. Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing: buying theNYT; BLOOMBERG FILE PHOTO - 940 words
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Article, Illustration506 2012-02-21 31 Its Thai unit to offer 1.77b shares at between 9.65 and 10.4 baht apiece Bloomberg [BANGKOK] Tesco’s Thai unit plans to raise as much as 18.4 billion baht (S$749 million) from the sale of a fund that will buy shoppingBloomberg; REUTERS - 506 words
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287 2012-02-21 31 Local govts told to raise funds to invest in housing projects Xinhua [BEIJING] China is encouraging local governments to make full use of their financing vehicles in 2012 in an effort to boost financial support for low-income housing projects, the country’s topXinhua - 287 words
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Article, Illustration576 2012-02-21 32 MINDY TAN - Bartley Grove seeking $62-$64m; Kovan Court is asking $29m By MINDY TAN THE collective sales market continues to gain momentum, with an additional two freehold sites Bartley Grove Apartment and three adjoining terrace houses, and Kovan Court being launched for sale by tender.576 words
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571 2012-02-21 32 MICHELLE TAN - US$5,570 per month going rate trails only those of HK, Tokyo By MICHELLE TAN BEING labelled a “city of costs” is no misnomer for Singapore, which ranks third in Asia’s most expensive locations to rent a three-bedroom apartment with typical rents estimated571 words
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Page 29 Advertisements
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Advertisement444 2012-02-21 29 Condo Site at Bartley/Upper Serangoon Dist. 19; Bartley Grove Apt adjoining site Land 65,305 sf; FH; GPR 1.4 5-sty Within 1 km to Maris Stella High, Cedar Pri Near nex mall, Aust US schs, MRT stations Potential for 115 apts of ave. 800 sf joofee.lee@credo.com.sg (CEA Regn No: R*****4 B)444 words
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Advertisement51 2012-02-21 29 SAMSUNG HUB Premium Strata Office For Sale k llv §1 SSI 2iS Prestigious Raffles Place office floors 999 years leasehold 2 minutes walk to Raffles Place MRT Station Good car parking (177 lots) Large floor plate with regular layout 4 strata units per floor Unit size: 2,906 to 3,875 sq51 words
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Page 30 Advertisements
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Advertisement20 2012-02-21 30 my.sg www.o showbiz.omysg O c U perb Super Show SC. world Tour O SW» 0£30 nji-L- 1 1 l 020 words
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Advertisement90 2012-02-21 30 COLLECTIVE SALE BY TENDER (KOVAN COURT) Chomp Chomp Serangoon Garden Subject Site Ss^ c^ s,0e °*i i "'Us V 0 Serangoon Bus Interchange nex^ Serangoon MRT Interchange O i Heartland Mall Freehold Site: 2,420 sq m 26,050 sq ft Plot Ratio 1.4 up to 5 storeys No Development Charge Near90 words
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Page 30 Miscellaneous
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Miscellaneous21 2012-02-21 30 91.3FM TOUT’S BEST MUSIC SINGAPORE'S HOTTEST HITS YOU PICK THE MUSIC ’v -X y C Sv tiMsmh REGISTER FOR FREE WWW.RADIQai3.COM/RATETHEHITS21 words
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Page 31 Advertisements
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Advertisement237 2012-02-21 31 For Sale For Lease REGIUS Agency No. L*****73I *****600 enquiries@regius.sg www.regius.sg Suntec City 2196, 3079sqft High floor Tenanted till 05/15 High rental yield GB Building 894,997,3003,5210,5425sqft Suntec City 4779sqft, High Floor Partial Seaview GB Building 1870sqft, Fitted Tung Ann Building 463,710,1066,1173sqft Ann Siang Shophouse 2772sqft, 2nd floor+Attic Chinatown Point 1055sqft.237 words
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Advertisement421 2012-02-21 31 Freehold Industrial Site at Kallang Pudding Road MACPHERSON RD D DC Site Su Matter (U/C) PIE 9-Storey Light Industrial Building 3 Adjoining Blocks of Single Storey Warehouse Total Site Area: 48,121.5 sq ft (approx) Potential Gross Floor Area: 120,303.8 sq ft (approx) Easily accessible via Kallang Raya Lebar Expressway and421 words
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Advertisement271 2012-02-21 31 MAJOR HORTICULTURAL INVESTMENT OPPORTUNITY EOI Riverland, South Australia Amaroo Orchards is located in one of Australia’s most renowned irrigation precincts. Its sale presents purchasers with the opportunity to gain exposure to such significant horticultural assets through a single acquisition. Developed from 2002 through 2008, the property is a well-balanced almond271 words
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Page 32 Advertisements
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Advertisement102 2012-02-21 32 Trends y Sept 2011 Singapore Contracts for Difference Report MARKETS Trade EUR/USD from 0.8 pips and no re-quotes. fOa I) 7 G 3 s y #3? 3 6ij Standard and mini contracts on the same tight spreads. Automatic rebates for high-volume traders. Singapore’s No.1 for CFD Customer Satisfaction. Start trading102 words
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