The Business Times, 1 March 2012
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2012-03-01
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The Business Times
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Title Section25 2012-03-01 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, March 1, 201225 words
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Article, Illustration560 2012-03-01 1 CHUANG PECK MING - Well-connected Hong Kong woman in move to snap up watch chain By CHUANG PECK MING [SINGAPORE] Barely three years after Tay Liam Wee led a consortium to buy back Sincere Watch, the ownership of the chain is changing hands again. Sincere, started by560 words
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Article, Illustration675 2012-03-01 1 JAMIE LEE - It will incorporate its local consumer bank unit here, effectively ringfencing it By JAMIE LEE [SINGAPORE] Standard Chartered Bank will incorporate its Singapore consumer banking business here a move aligned with the regulator’s recent call for banks to ringfence the domestic business, and675 words
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MARKETS DIGEST
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Article110 2012-03-01 1 GST INDEX 2,994.06 (+24.33) GST INDEX FUTURES 2,988 (+18) GSIMSCI 347.58 (+2.52) GSIMSCI FUTURES 347.70 (+2.60) us$ s$ US$ (S$ per US$) 1.246 (US$/S$ per 1.592 1.985 EURO (US$/S$/E) 1.346 1.678 Foreign currency per US$ S$ YEN 80.50 64.60 RM 2.996 2.403 HK$ 7.755 6.222 BAHT 30.28 24.29 RUPIAH110 words
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Article19 2012-03-01 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg19 words
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Page 1 Advertisements
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Advertisement88 2012-03-01 1 MALAYSIA AIRLINES ‘The company is in crisis,’ says its chief executive PAGE 2 OPINION Anthony Rowley on why China, Japan need to act early on currency links I PAGE 22 PATEK PHILIPPE GENEVE Begin your own tradition. i\umuu ®Jr K PHILIPPE GENEVE TEK SINCERE fine watches SINGAPORE TAKASHIMAYA SHOPPING CENTRE88 words
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Advertisement9 2012-03-01 1 CORPORATE RESULTS Disappointing Q4; tough times ahead PAGE 69 words
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Advertisement13 2012-03-01 1 BizIT Networking tech firm opens new customer centre PAGE 27 8 *****1 *****413 words
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Advertisement19 2012-03-01 1 MARKET CAP Up 3.5% in February PAGE 6 PROPERTY Sentosa Cove bungalow sold at record $39m I PAGE 3019 words
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TOP STORIES
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1093 2012-03-01 2 KALPANA RASHIWALA - Rates for Orchard, other prime areas adjusted downwards by as much as 6.9% By KALPANA RASHIWALA [SINGAPORE] For the first time since September 2009, the government has trimmed the average development charge (DC) rate for non-landed residential use. The 3 per cent1,093 words
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Article457 2012-03-01 2 Standard Chartered charts a new course in Singapore STANDARD Chartered Bank will incorporate its Singapore consumer banking business here a move aligned with the regulator’s recent call for banks to ringfence the domestic business, and aimed at raising the local profile of its retail segment in its second-largest457 words
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530 2012-03-01 2 CONRAD TAN - Consumer loans rise 1 slower than 2.2% growth in Dec By CONRAD TAN [SINGAPORE] Bank loans to businesses showed zero growth in January, adding to concerns that the Singapore economy faces a sharp slowdown this year. Some $240.8 billion worth of business loans530 words
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491 2012-03-01 2 Improved tone due to firmer consumer, business spending LATEST US DATA Reuters [WASHINGTON] The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, calming fears of a sharp slowdown inReuters - 491 words
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Article, Illustration595 2012-03-01 2 S JAYASANKARAN - Company is in crisis, says CEO; market stunned by Q4 loss By S JAYASANKARAN in Kuala Lumpur MALAYSIA Airlines (MAS) recorded its largest loss in its history for the year to end-December 2011 of RM2.52 billion (S$1.05 billion) on the back of increased fuelAP FILE PHOTO - 595 words
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Article, Illustration659 2012-03-01 4 TEH SHI NING - But they would need to be convinced that govt is exhausting other options: NMP BUDGET DEBATE By TEH SHI NING [SINGAPORE] As Members of Parliament from both sides of the House yesterday added to Tuesday’s chorus of suggestions for more toYEN MENG JIIN - 659 words
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328 2012-03-01 4 EMILYN YAP - Give special attention to SMEs: Lim Swee Say By EMILYN YAP [SINGAPORE] The labour movement supports Budget policies aimed at restructuring the economy, said NTUC secretary-general Lim Swee Say yesterday. “There certainly will be pain with change,” the labour chief said. “But we must always328 words
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Article, Illustration419 2012-03-01 4 EMILYN YAP - Puthucheary suggests full privatisation or nationalisation By EMILYN YAP [SINGAPORE] The sustainability of Singapore’s “hybrid” public transport model came under the spotlight yesterday, as Members of Parliament questioned the government on its $1.1 billion package to boost bus capacity. “We are neither419 words
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526 2012-03-01 4 TEH SHI NING - He proposes a social health index based on basket of social indicators By TEH SHI NING [SINGAPORE] Singapore is in a “social recession” and needs a major policy review, not unlike the high-level reviews undertaken to chart a new path526 words
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Article, Illustration539 2012-03-01 4 SIOW LI SEN - Read fine print and study their risks, they urge investors By SIOW LI SEN [SINGAPORE] There is a new share fever in town, the sale of high yield perpetual shares. Even at $250,000 a pop, they’re selling like hot cakes, and some eager539 words
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Advertisement173 2012-03-01 3 www.vw. com. sg sue -4 3 1 v, 5i W9 Is ’<6 -'V«V i r m. A-i v *5 Ns s 3% >v >1 w 'if.-* yf .v f M Not that you would, but you co wm' r"T.^ ■i The Tiguan. Of course you wouldn’t do this for real.173 words
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Advertisement363 2012-03-01 5 Launching Soon! Only 100 Units For Sale THE BUSINESS ADDRESS OF THE FUTURE. IN THE HEART OF THE CBD. The future begins here at PS100. A limited collection of 100 Business SOHO units. Located next to the upcoming waterfront city at Tanjong Pagar. Designed by world-renowned architectural firm WOHA. Stunning363 words
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COMPANY NEWS
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Article, Illustration717 2012-03-01 6 KENNETH LIM - Total profits of 301 firms down more than 20% for Oct-Dec quarter By KENNETH LIM ANOTHER tough quarter, and more to come, analysts say. Corporate profits generally disappointed in the fourth quarter of 2011, and companies are painting a cautious outlook for the monthsCompiled by BT - 717 words
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Article, Illustration624 2012-03-01 6 MINDY TAN - By MINDY TAN CITY Developments Limited (CDL) has reported a 32 per cent drop in fourth-quarter net profit to $163.2 million, from a restated $241 million for the previous corresponding period. The property and hotel group said this was due mainly to624 words
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553 2012-03-01 6 KELLY TAY - Nine counters out of STI basket of 30 chalk up losses By KELLY TAY THE Singapore market rose a further 3.5 per cent in value in February, hitting a seven-month high not seen since July last year. The local bourse’s market553 words
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518 2012-03-01 6 JOYCE HOOI - Astra’s contribution to underlying profit 27% up at US$1.01b By JOYCE HOOI HELPED by a 28 per cent rise in revenue to US$20.08 billion, Jardine Cycle Carriage’s earnings attributable to shareholders topped US$1 billion for 2011. The 12 months ended Dec 31,518 words
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367 2012-03-01 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI STRAITS Trading Company reported a net loss of $29.41 million for the fourth quarter ended Dec 31, 2011, versus a net profit of $51.55 million in the corresponding quarter in 2010. The loss attributable to shareholders was mainly due to367 words
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574 2012-03-01 7 LYNETTE KHOO - Firm also reports a deeper loss of 502.6m yuan for Q4 By LYNETTE KHOO AN internal probe at Oceanus Group suggests that the mystery death of millions of abalones at Oceanus Group could be due to poor nutrition. Many of the574 words
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411 2012-03-01 7 CARINE LEE - By CARINE LEE NET earnings at Indofood Agri Resources (IndoAgri) dropped 23.8 per cent to 455 billion rupiah (S$62.8 million) for the fiscal fourth quarter ended Dec 31, 2011, following the hiving off of Salim Ivomas Pratamas (SIMP) for listing411 words
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395 2012-03-01 7 BRYAN KOH - By BRYAN KOH MAINBOARD-LISTED steel contractor Yongnam Holdings yesterday posted yet another record net profit of $63.4 million for the year ended Dec 31, 2011, up 17 per cent. The group attributed its robust performance its sixth consecutive year of record earnings to395 words
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340 2012-03-01 9 KENNETH LIM - All six yield at least 5.5% including UE, QAF, Orchard Parade By KENNETH LIM LIKE bite-sized chocolates, small and mid-cap stocks that yield generous dividends can offer affordable comfort in tough times, researchers at Maybank Kim Eng wrote in a note yesterday. “Against340 words
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290 2012-03-01 9 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.04.2012 N*****0A 2007 2 5/8 5100.00 1/10 1/4 151 100.18 0.56 SG7J*****922290 words
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COMPANY BRIEFS
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63 2012-03-01 9 CREATIVE Technology says it has divested its 22 per cent stake in associated company THX Ltd for US$3.8 million. Following this, THX Ltd has ceased to be an associated company of Creative. Creative says it expects to recognise an investment gain of approximately63 words
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55 2012-03-01 9 HU An Cable Holdings said its net earnings for the fiscal fourth quarter ended Dec 31, 2011, increased 44.9 per cent year on year to 55.34 million yuan (S$11 million). Turnover increased 26.2 per cent year on year to 964.59 million55 words
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Article41 2012-03-01 9 Reuters MIDAS Holdings posted a 22 per cent fall in its 2011 net profit to 187.4 million yuan (S$37.3 million), hurt by lower contribution from its associate as fewer train cars were delivered its customers. ReutersReuters - 41 words
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44 2012-03-01 9 PSC Corporation said its net profit for the fiscal year ended Dec 31, 2011, decreased 83.7 per cent year on year to $2.32 million from $14.24 million. Turnover increased 5.1 per cent to $392.84 million a year ago.44 words
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386 2012-03-01 9 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE-OWNED but China-based tourism player Straco Corp has posted another set of profits, riding the continuing robustness of the domestic tourism market in China, and is paying a dividend amounting to a yield of 4 per cent. The operator of386 words
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3549 2012-03-01 10 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 3035.00 1632.00 86.0 7631.00 7066.00 8.0 2 UOB 2327.00 2696.00 -13.7 5699.00 5800.00 -1.7 3 OCBC Bk 2312.00 2253.00 2.6 5661.00 5325.00 6.3 4 Wilmar Intl 2079.49 1719.84 20.93,549 words
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Page 7 Advertisements
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Advertisement155 2012-03-01 7 I 1 I 1 I S3 Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from I m LIVE WELL —I SCOTTS SQUARE I I I t j m155 words
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SINGAPORE MARKETS
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Article, Illustration547 2012-03-01 8 VEN SREENIVASAN - S I ends with net 24.33-point gain, despite late selldown in HK and Shanghai’s slide into negative territory STOCKS VEN SREENIVASAN Senior Correspondent THE Singapore market started off on a strong note following a bullish overnight session on Wall Street where the Dow JonesSource: Bloomberg - 547 words
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Article65 2012-03-01 8 Feb 29 VALUE CLOSE BT OB/OS -382.00-190.00 BT CADI -*****.00 +10.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 692.73 +3.99 FTSE ST Small Cap 463.00 -0.46 FTSE ST All Share 724.73 +5.20 FTSE ST China Top 231.07 -0.14 FTSE ST China 256.46 -0.72 FTSE ST65 words
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Article186 2012-03-01 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 5 0 0 0 7 5 5 Manufacturing 53 72 40 3 11 6 56 83 46 Commerce 26 17 21 5 0 3 31 17 24 Tpt/Stor/Comms 23 11 6186 words
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Article1007 2012-03-01 8 LYNETTE KHOO - Compiled by LYNETTE KHOO Armstrong Industrial Feb 29 close: $0.305 CIMB, Feb 29 ARMSTRONG’S recovery has been faster than expected due to contingency plans in place. Management gave the assurance that Armstrong will not be moving out of Thailand. Separately, it will transfer part of its Singapore operations1,007 words
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Article121 2012-03-01 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,884 34,884 152,632 152,632 Manufacturing 287,785 49,026 336,811 323,219 777 323,996 Commerce 225,856 6,756 232,612 325,919 548 326,467 Tpt/Stor/Comms 221,374 22,809 244,183 330,405 3,751 334,156 Finance 27,297 170 27,467 282,148 39 282,187 Construction 120,505 18,700121 words
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Article109 2012-03-01 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.540 CapitaLand 3.080 CapitaMall 1.800 +0.030 CityDev 11.130 -0.130 ComfortDelGro 1.530 +0.050 DBS Grp 14.200 +0.030 F&N 6.690 +0.090 GLP 2.180 +0.030 Genting SP 1.615 +0.025 Golden Agri 0.730 HK Land 5.530 -0.070 JMH 51.000 +2.000 JSH109 words
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Article, Illustration481 2012-03-01 8 CURRENCIES Bloomberg [LONDON] The euro weakened against the US dollar after the European Central Bank (ECB) awarded a second round of three-year loans to banks, increasing the supply of the currency and boosting higher-yiel-ding assets. The 17-nation currency declined versus allBloomberg; REUTERS - 481 words
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Article59 2012-03-01 8 VOLUME MDR 161,926,000 Noble Grp 121,724,000 Golden Agri 89,276,000 Genting SP 72,787,000 MDR W*****5 65,614,000 HPH Trust US$ 56,896,000 AdvanceSCT 45,925,000 PSL Hldgs 43,355,000 AddvalTech 42,076,000 Yangzijiang 37,451,000 VALUE($) Noble Grp 172,772,155 Genting SP 117,579,215 Wilmar 113,807,180 SingTel 111,949,519 DBS Grp 93,558,780 UOB 88,964,470 Keppel Corp 85,295,97859 words
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Article106 2012-03-01 8 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9352 586.8 5.3 JMH 5100 249.2 4.1 DBXT MSKorea 10US$ 5915 205.6 2.9 DBXT MSAsExJp 10US$ 3284 162.0 4.1 JSH 3056 115.9 3.1 GLD 10US$ ***** 102.2 0.5 DBXT FTChina25 10US$ 3010 83.5 2.3 Jardine C&C 4779 79.0 1.7 DBXT SPASX200 10US$ 3496106 words
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Article121 2012-03-01 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -284.1 -2.1 Hyflux 6% CPS 10 ***** -40.0 -0.4 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 IS ASIA HYG100US$ 1043 -17.4 -1.3 DBXT FTVietnam 10US$ 2403 -15.0 -0.5 CityDev 1113 -13.0 -1.2 Pru 500US$ 1140 -12.5 -0.9 DBS.ES.1203 1407 -11.0121 words
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Advertisement382 2012-03-01 9 STAGE 1 SOLD OUT STAGE 2 Launching in Hong Kong Singapore Sydney SYDNEY’S NEXT PROPERTY HOTSPOT macquariE central SYDNEY AUSTRALIA n e ■ri I •iT, i V*. i SS InvesImenL central Transport central I 33,000 students with 10,400 international students plus academic and support staff 39% higher income per household382 words
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Advertisement23 2012-03-01 9 PROTECT YOUR LIVER Usual: $109.95 Protect your liver with LAC Activated Liver Protector $55for 2nd box MAHS*****94 MAHP*****09 6281 5688 or 6757 440323 words
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SINGAPORE NEWS
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Article, Illustration489 2012-03-01 11 LEE U-WEN - Locals, PRs to pay less for arts degrees offered under tie-up with Goldsmiths By LEE U-WEN FROM this August, the government will subsidise the tuition fees for up to 200 local students each year who enrol in one of 14 new artsLIANHE ZAOBAO - 489 words
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277 2012-03-01 11 AIRLINES operating at Changi Airport’s Budget Terminal will soon be operating from the airport’s main terminals as the Budget Terminal will close to make way for a new terminal, Channel News Asia reported. The Budget Terminal is currently home to low-cost carriers (LCCs) such as277 words
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340 2012-03-01 11 GRACE LEONG - Drew Napier, Allen Gledhill win awards By GRACE LEONG DREW Napier LLP and Allen Gledhill LLP have won top Singapore law firm awards in two respective prestigious legal industry reviews. Drew Napier was named Singapore national law firm of the year in the 2012 Chambers Asia-Pacific awards, while Allen Gledhill340 words
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Article, Illustration358 2012-03-01 11 ANNA LEE, AMANDA EBER - By ANNA LEE, AMANDA EBER ASIA plays a leading role in the global economy and firms should cater to the consumer demand driven by the Asian middle class and tailor their businesses to the unique Asian context. S Iswaran, Minister358 words
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SINGAPORE ROUNDUP
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47 2012-03-01 11 PRESIDENT and chief executive officer of Singapore Investment Development Corporation Colin Low has joined the board of directors of the Cancer Treatment Centers of America (CTCA). The CTCA is a network of all-digital hospitals specialising in treating complex and advanced-stage cancer.47 words
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Article75 2012-03-01 11 ROYAL Philips Electronics has appointed Harjit Gill as CEO of Philips Asean and Pacific. She takes over from Wayne Spittle, who will focus on his current role of senior vice-president and commercial leader of Philips Healthcare Asia Pacific. Ms Gill has also been named chairman of75 words
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706 2012-03-01 11 GRACE LEONG - Independence of valuers is the bone of contention By GRACE LEONG A DISPUTE between Starhill Global Reit and its master tenant in Ngee Ann City over whether a process used to set retail rents is still operable has gone before the Singapore706 words
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Advertisement309 2012-03-01 11 INANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE PROGRAMMES Nurtuningi& fTTMiTTr Shaping the Future!©! Business IIIUMMSlimrsiW f C ADVANCED MANAGEMENT Advanced Management Programme In International TaxQiEwQ Berkeley-Nanyang Advanced Management Programme lATA-Nanyang Advanced Management Programme in Air Transport BUSINESS MODELS AND STRATEGYc® Art of Strategy Business Model Innovation Annie 6514 8376309 words
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ECONOMY WATCH
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Article, Illustration440 2012-03-01 12 Rebound stymied by housing market and Europe’s debt crisis, among others Reuters [NEW YORK] The US economic recovery is “frustratingly slow” and it could take four to five years to ratchet the unemployment rate down to about 6Reuters; BLOOMBERG - 440 words
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438 2012-03-01 12 Economy seen resuming rebound around spring Reuters [TOKYO] Japanese factory output rose more than expected in January and firms expect further gains, increasing confidence that overseas demand is stabilising and manufacturers have passed the worst of the dislocation caused by last year’s naturalReuters - 438 words
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321 2012-03-01 12 Construction spending disappoints, with 4.6% drop in fourth quarter Reuters [SYDNEY] Australian retail sales rose a modest 0.3 per cent in January as a sharp rise in eating out helped offset softness in household goods a result that only confirms the challengesReuters - 321 words
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Advertisement300 2012-03-01 12 DEMO Asia 2012 Asia Pacific's Launchpad for Emerging Technology and Trends Feb 29 Mar 2,2012 (Wed Fri), Matrix Biopolis, Singapore Industry's Key Players attending the event For the last two decades, DEMO in the United States has been launching innovative, life changing technologies such as Adobe Acrobat, Skype, Salesforce.com, Palm,300 words
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MALAYSIA/INDONESIA
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497 2012-03-01 13 MALMINDERJIT SINGH - They account for nine out of 78 transactions totalling US$9b By MALMINDERJIT SINGH BIDDERS from Singapore completed the largest number of transactions as corporate Indonesia witnessed a record year for merger and acquisition (M&A) activity. The 12-month M&A activity for Indonesia497 words
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493 2012-03-01 13 MALMINDERJIT SINGH - By MALMINDERJIT SINGH UNLESS Indonesia improves its transportation and power infrastructure, it may struggle to achieve its ambitious growth targets. The Indonesian government recently announced a growth target of 8 to 9 per cent from the period 2015 to 2025 in493 words
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Article402 2012-03-01 13 Sales up at plantation, automotives and industrial businesses Bloomberg [KUALA LUMPUR] Sime Darby Bhd, the world’s biggest listed palm-oil producer, said second-quarter profit jumped 25 per cent on increased sales at its plantation, automotives and industrial businesses. Net income climbed to RM1.1 billion (S$456Bloomberg - 402 words
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Advertisement174 2012-03-01 13 Thursday, 29 March 2012, Sands Expo Convention Center Singapore Brand Conference Mr Low Aik Lim Managing Director Xcellink Group Pfe Ltd BRANDING A THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION MARKETING I TECHNOLOGY OPERATIONS Singapore Brand Conference 2012 Programme Highlights Keynote Speaker Mr Colin Low, President CEO Singapore174 words
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Advertisement24 2012-03-01 13 Hot Commercial Offices, Shop, F B outlet, Hotels WANTED We have immediate buyers Call us to market your property! Individual or Group buyers welcome!24 words
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INDIA/GREATER CHINA
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Article, Illustration700 2012-03-01 14 India economy grows 6.1 slowest in 3 years High interest rates, rising raw material costs hit investment, manufacturing Reuters [NEW DELHI] India’s economic growth slowed to 6.1 per cent in the three months to December, the weakest annual pace in almost three years, as high interest rates and rising rawReuters; REUTERS - 700 words
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664 2012-03-01 14 Reuters [MUMBAI] The Indian government is set to raise at least US$2.5 billion by selling a 5 per cent stake in Oil and Natural Gas Corp (ONGC) today, aiming to patch up its widening fiscal deficit and revive its stalled privatisationReuters - 664 words
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287 2012-03-01 14 Reuters [SHANGHAI] China will soon publish precise definitions of what constitutes insider trading that would make it easier to prosecute and punish illegal traders, the New Century magazine reported on its website yesterday, citing sources. In recent years, China has cracked down on malpracticesReuters - 287 words
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Advertisement80 2012-03-01 14 How to run a business without running out of ideas SME March/April issue out now! ’=1->1" 6 2=!>1+!!( 68?+#16?>;+!0 7!>1" !./>68 5+->6 6! 6 8+;+88+# 6"6>1!? 2>""+# /.5%61>+! IN THIS ISSUE: Asiawide Print Holdings, <+?6>1>1" ?68+1? >1 61 +/.1.5>/ -.:1?=#1 &.>1" "#++1 3 !=!?6>162>8>?4 >1 2=!>1+!! Available at Caltex, Esso,80 words
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Advertisement802 2012-03-01 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TOSHIBA INSURANCE SERVICE ASIA PTE. LTD. (UEN/Registration No. *****2273K) (Incorporated in Singapore) NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 215C(5)(b) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that an Extraordinary General Meeting of Toshiba Insurance Service802 words
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WORLD
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Article, Illustration827 2012-03-01 15 Republican analysts say the tone of the prolonged primary hurts candidates Bloomberg [WASHINGTON] Mitt Romney’s double-barrelled victory in the Arizona and Michigan primaries on Tuesday gave him a burst of momentum in the Republican presidential race as the contest shifts to southern statesBloomberg; AP - 827 words
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382 2012-03-01 15 AP [ROYAL OAK, Michigan] For his Michigan finale, Mitt Romney wanted Kid Rock. The Republican presidential candidate, after all, begins and ends almost every event with Kid Rock’s song Born Free. So Mr Romney’s people reached out to Kid Rock’s people. TheAP - 382 words
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Article, Illustration669 2012-03-01 16 Most banks have stronger balance sheets to withstand economic downturn AP [WASHINGTON] US banks are coming off their most profitable year since 2006, a sign that many have put the financial crisis behind them. The surge in bank earnings came largely because banks sufferedAP - 669 words
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Article, Illustration514 2012-03-01 16 Reuters [WASHINGTON] President Barack Obama, following through on a promise to beef up enforcement of trade agreements, on Tuesday signed an executive order creating a new government team to make sure China and others play by the rules. “American workers are the bestReuters; AFP - 514 words
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300 2012-03-01 16 AFP [THE HAGUE] The European Union loses some 600 million euros (S$1 billion) to suspected fraud every year and it will consider setting up an office to combat it, a senior official said on Tuesday. “There are now figures that make us believeAFP - 300 words
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665 2012-03-01 16 Reuters [LONDON] Canada’s natural beauty, multi-cultural society, healthcare service and security made it the top place on the planet for UK expats, according to an annual index released yesterday. The NatWest International Personal Banking Quality of Life Index also reported that despite aReuters - 665 words
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445 2012-03-01 17 ANTHONY ROWLEY - Financial watchdog move comes in the wake of missing funds at AIJ By ANTHONY ROWLEY in Tokyo JAPAN’S Financial Services Agency (FSA) yesterday launched a full-scale investigation of the nation’s asset management industry, after the revelation that most of the assets entrusted by employee pension445 words
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Article, Illustration674 2012-03-01 17 Bloomberg [NEW YORK] Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity. MrBloomberg; REUTERS - 674 words
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Article, Illustration79 2012-03-01 17 [LONDON] Artist Ben Wilson painting on a piece of discarded chewing gum on the Millennium Bridge, in London. He has painted miniature works of art on discarded chewing gum in various parts of London and Europe over the past seven years in an effort to ‘turn somethingREUTERS - 79 words
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Article551 2012-03-01 17 Bloomberg [NEW YORK] Stephen Schwarzman, chairman and chief executive officer of Blackstone Group LP, received US$148.5 million in pay and cash dividends last year, topping rivals at Carlyle Group and KKR Co. The Blackstone cofounder was paid a US$350,000 salary and US$4.6 million of his shareBloomberg - 551 words
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Article605 2012-03-01 18 Record 529.5b euro three-year loans will boost eurozone economy: analysts Bloomberg [LONDON] The number of financial institutions flocking to the European Central Bank’s three-year loans soared to 800 and borrowing rose to a record in an operation that may boost the euro-area economy. TheBloomberg - 605 words
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871 2012-03-01 18 JEAN CHEN - By JEAN CHEN in Hong Kong STOCKS have been buoyant, financial markets have stabilised, and many production activities have revived. All of these factors have combined to cheer up investors in recent weeks after a bruised year. But it’s too early to871 words
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Article, Illustration84 2012-03-01 18 [WASHINGTON] ‘Portrait of Monsieur Olive, Treasurer of the Legislative Assembly of Brittany, with his Family’ at a preview of ‘Royalists to Romantics: Women Artists from the Louvre, Versailles, and Other French National Collections’ at the National Museum of Women in the Arts here. The exhibition runningAFP - 84 words
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323 2012-03-01 18 AFP [NEW YORK] News Corp said yesterday that James Murdoch has stepped down as executive chairman of News International, the Rupert Murdo-ch-owned company’s troubled British publishing unit. News International has been embroiled in a phone-hacking scandal which has seen the arrests of severalAFP - 323 words
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547 2012-03-01 18 Decline reflects a ‘difficult year’, says NY state comptroller Bloomberg [NEW YORK] Wall Street’s cash bonus pool fell by 14 per cent last year to US$19.7 billion, the lowest since 2008, as the securities industry shed thousands of jobs, according to projections byBloomberg - 547 words
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453 2012-03-01 18 Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said that keeping monetary stimulus is warranted even as the unemployment rate falls and rising oil prices may cause inflation to rise temporarily. “At present, with the unemployment rate elevated and the inflation outlook subdued, theBloomberg - 453 words
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438 2012-03-01 18 Bloomberg [SAN FRANCISCO] Apple Inc, the world’s most valuable company, will hold a product event on March 7 in San Francisco, where it’s said to be releasing the third generation of its best-selling iPad tablet computer. “We have somethingBloomberg - 438 words
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Advertisement583 2012-03-01 15 AN INVITATION TO PARTICIPATE IN THE SINGAPORE SUSTAINABIMTY AWARDS REGISTRATION CLOSES ON 31 st MARCH 2012 The Singapore Sustainability Awards (SSA) is an initiative of the Singapore Business Federation and comprises the Sustainable Business Awards (SBA) and the Green Technology Awards (GTA). Inaugurated in 2010, the awards recognise companies that583 words
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Page 16 Advertisements
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Advertisement8 2012-03-01 16 www.omy.sg ye. v C3 mxmw&mmn nmuimm 0:^0 news.omysg8 words
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Advertisement27 2012-03-01 16 SINGAPORE’S HOTTEST MORNING SHOW vM y o v SN k Xv W L x W v m A ROD MONTEIRO THE MARRIED MEN WEEKDAYS BAM TO 1QAM27 words
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Page 17 Advertisements
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Advertisement1097 2012-03-01 17 v WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ROSADALE PTE. LTD. (Co Reg No. *****2086M) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 16 Kallang1,097 words
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Advertisement177 2012-03-01 17 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF AUGURE ASIA PTE. LTD. CO. REGISTRATION NO. **********H (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap 50, the Final Meeting of Member of177 words
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AVIATION
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489 2012-03-01 19 It’s working with US and UN body ICAO to find solution to trade war threat Reuters [BRUSSELS] The EU will respond to any retaliation over its law imposing carbon charges on all flights but is working with the United States and theReuters - 489 words
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Article, Illustration655 2012-03-01 19 Fraport, Lufthansa, ATCs’ authority seek temporary injunction Reuters [FRANKFURT] Frankfurt airport operator Fraport and German airline Lufthansa succeeded in preventing a walkout by air traffic controllers (ATCs) that would have brought Europe’s third busiest airport to a standstill yesterday morning. Fraport teamedReuters; AFP - 655 words
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469 2012-03-01 19 Bloomberg [ABU DHABI] Abu Dhabi’s international airport aims to boost passenger numbers as much as 12 per cent to almost 14 million this year as Etihad Airways adds flights, stretching capacity at a hub that’s already close to full. TheBloomberg - 469 words
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Article, Illustration290 2012-03-01 19 AFP [SYDNEY] Collapsed budget carrier Air Australia owes creditors A$90 million (S$121 million) and a government rescue package will cover little more than half of its unpaid wages, a report said yesterday. Air Australia went into voluntary administration last month, grounding all of itsAFP - 290 words
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406 2012-03-01 19 Bloomberg [BANGKOK] Thai AirAsia Co’s parent, Asia Aviation pcl, registered to sell as many as 750 million new shares in a Bangkok initial public offering as the carrier works to double its fleet in four years. Asia Aviation chief executive officerBloomberg - 406 words
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Page 19 Miscellaneous
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Miscellaneous267 2012-03-01 19 CRYPTIC CROSSWORD Across 5 Bloomer made by insurgent captured by Harry (8) 8 A second bird behind (6) 10 Vehicle parked in Queensland, Australia (6) 11 Make shorter agreement (8) 12 Clean-cut boys jumping on play equipment (6,6) 15 Cheese may be created in retort (4) 17 Clear island included267 words
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2400 2012-03-01 20 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO2,400 words
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Page 20 Advertisements
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Advertisement23 2012-03-01 20 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? it TO ADVERTISE, CALL JOE WONG AT *****32723 words
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Advertisement19 2012-03-01 20 Can they seeking reliable find your services here in the Shipping i TO ADVERTISE, CALL JOE WONG AT *****32719 words
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SHIPPING
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915 2012-03-01 21 Judge overrules objections from creditors to the reorganisation plan Bloomberg [NEW YORK] General Maritime Corp, the second-larg-est US owner of oil tankers, won provisional court approval to reorganise even as a bankruptcy judge told creditors to prepare their evidence for an expected fight over finalBloomberg - 915 words
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Article264 2012-03-01 21 SGX '000 Feb 29 S$ +/-Vol CH Offshore 0.36 -0.02 3272 Chuan Hup Hldg 0.23 unch 277 Cosco Corp 1.21 0.03 ***** Feb 29 Ezra Hldgs 1.25 0.01 ***** First Ship Lea 0.20 -0.01 1365 Freight Links 0.06 unch 2896 Grand Banks unch unch 0 Jaya Hold Ltd264 words
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Article, Illustration323 2012-03-01 21 AP [WELLINGTON] The captain and the navigating officer of a cargo ship that ran aground on a New Zealand reef last year pleaded guilty yesterday to mishandling the vessel and altering ship documents. The men, both Filipino, were responsible for theAP; AFP - 323 words
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366 2012-03-01 21 Attack off Nigerian coast leaves one missing, one injured AFP [KUALA LUMPUR] Armed pirates opened fire on a cargo ship in an attack off the Nigerian coast, kidnapping the captain and chief engineer and robbing the crew before escaping, a maritime watchdogAFP - 366 words
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Page 21 Advertisements
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Advertisement29 2012-03-01 21 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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Advertisement183 2012-03-01 21 SOUTH EAST ASIA AND SOUTH ASIA/AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE RATE RESTORATION EFFECTIVE 1 APRIL 2012 FROM SOUTH EAST ASIA AND SOUTH ASIA TO AUSTRALIA The following participating Member Lines of the Agreement wish to advise that a Rate Restoration (RR) of USD 200.00 per TELT will be183 words
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EDITORIAL & OPINION
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490 2012-03-01 22 EDITORIAL THE drive to remake the Singapore economy into one that thrives on productive high skills (and not cheap imported labour) may seem inevitable and non-negotiable. But that has not stopped industry players, observers and lawmakers from voicing regret, spelling out the costs,490 words
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Article, Illustration762 2012-03-01 22 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AN inaugural “Friends of Syria” meeting last week, attended by more than 70 countries, called for additional economic sanctions against Syria and demanded762 words
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Article, Illustration1031 2012-03-01 22 ANTHONY ROWLEY - China Japan need to act early on currency links Each can strengthen the financial legitimacy of the other by working together ANTHONY ROWLEY Tokyo Correspondent THE US may be attempting to “contain” China, or so Beijing seems to fear, but on the financial front at least China appears to beAFP - 1,031 words
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Article, Illustration1064 2012-03-01 23 ANITA FUNG - Several Chinese corporates now use the city as their offshore investment and financing platform By ANITA FUNG The writer is chief executive officer, HSBC Hong Kong S China’s corporates expand internationally, Hong Kong will take a key role helping these companies grow their crossborderAFP - 1,064 words
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Article, Illustration686 2012-03-01 23 WILLIAM PESEK JR - WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own. WASHINGTON had Watergate, Italy Bunga Bunga-gate, London Murdoch-gate. Now, Hong Kong brings us Basement-gate. It’s a scandal that many of us outside the city of sevenAP - 686 words
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847 2012-03-01 23 MAUREEN DOWD - By MAUREEN DOWD NYT RICK should scat. Mitt Romney needs to be left alone to limp across the finish line, so he can devote his full time and attention to losing to President Barack Obama. With Sanctorum and Robo-Romney in a race to theNYT - 847 words
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SINGAPORE STOCKS
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Article2775 2012-03-01 24 Transaction date: Feb 29 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 112.5 92.5 AIMSAMPIReit 107 +0.5 252 107 106 106.5 107 1.9 10.82,775 words
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Article197 2012-03-01 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 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 16.5197 words
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Article7284 2012-03-01 25 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 1.0?/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond ...1 003?/ Asian Smaller7,284 words
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Article191 2012-03-01 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US36.5 +1 ***** 37 35.5 36.5 37 2403.3 205 168 TanChongInt HK191 unch 321 191 191 191 198 2.9 2.6 13.3 3846.5191 words
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Article936 2012-03-01 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118 +0.2 153 118 118 118 118.2 538.6 1261 856 CIMBAsean40 100US$ US1042 1057 1062 41.7 ***** ***** DBXT AUD936 words
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FINANCE & COMMODITIES
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373 2012-03-01 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 28 Index Change Change Change Change Change Change World Preliminary 907.4 0.3 9.4 0.1 6.4 0.4 10.2 EAFE Preliminary 747.5 0.3 9.6 0.1 7.4 0.4 11.2 Europe Preliminary 1108.1 0.2 8.0373 words
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Article77 2012-03-01 26 CRUDE OIL PRODUCTS Feb 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.30 -1.00 WTI (Near Mth) 106.70 -1.68 Dubai (1-Mth F) 120.86 -0.31 Tapis blend 131.63 -0.91 Minas 131.43 -0.91 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 119.89 1.01 Jet Kerosene 136.80 -0.40 US$/barrel Opec Oil77 words
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Article, Illustration109 2012-03-01 26 As on 28 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1790.90 1769.20 1788.90 562 CURRENCY AUD-USD FUT MAR2012 1.0759 1.0736 1.0732 29 EUR-USD FUT MAR2012 1.3468 1.3391 1.3460 7838 BASE METAL COPPER FUT MAR2012 8647 8526 8626 2513109 words
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Article167 2012-03-01 26 Feb 29 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 400.9 400.9 401.0 1 272 Apr 12 400.5 400.5 401.0 20 124 May 12 405.0 214 Jun 12 408.1 408.0 410.0 20 211 Jul 12 411.7 148167 words
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Article65 2012-03-01 26 Feb 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2283.00 2289.25 3 months 2325.00 2331.00 Copper, Grade A(US$/tonne) Cash 8603.50 8555.00 3 months 8600.00 8536.00 Lead(US$/tonne) Cash 2227.25 2219.25 3 months 2256.00 2247.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article107 2012-03-01 26 Feb 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1305.25 1293.75 1307.00 1291.50 May 12 1312.50 1302.50 1314.75 1300.00 Jul 12 1319.75 1310.50 1322.75 1307.75 Aug 12 1312.50 1303.50 1313.75 1301.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 54.42107 words
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Article83 2012-03-01 26 Feb 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-May-12 0.34 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.97 99.99 99.99 5-Year N*****0Z 2.375 01-Apr-17 108.76 108.86 108.7283 words
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Article454 2012-03-01 26 Feb 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5425 0 3217 Jun12 99.5400 0 186 Sep12 99.5000 0 628 Dec12 99.4600 0 1443 EUROYEN TIBOR FUTURES Mar12 99.6650 0 1915 Jun12 99.6650 0 1849 Sep12 99.6650 0 683 Dec12 99.6650 0 415 Mar13 99.6650454 words
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Article22 2012-03-01 26 Feb 29 S$ Bid Offer 1-month 1.2459 1.2469 2-months 1.2458 1.2469 3-months 1.2456 1.2467 6-months 1.2443 1.2456 Source: OCBC22 words
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1435 2012-03-01 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 162 29.00 27 Aztech Grp W*****3 0.4 0.1 501 1 20 124 22.75 9 Baker Technology Ltd W*****6 5.8 1 32 20 5.43 9 Best1,435 words
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Article80 2012-03-01 26 Feb 28 COCOA (£/tonne) Close Prev High/Low Mar 12 1513 1533 1570/1506 May 12 1522 1542 1576/1512 Jul 12 1531 1551 1583/1522 Sep 12 1533 1549 1580/1521 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2008 2001 2043/1994 May 12 2008 2012 2036/2001 Jul 12 1992 1995 2010/1983 Sep 12 200480 words
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Article470 2012-03-01 26 Feb 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.074 6.806 0.803 8.386 52.986 98.223 0.870 12.078 3.239 1.284 98.331 46.237 1.348 8.081 0.969 31.806 32.746 0.679 1.081 Canada 0.931 6.336470 words
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Article67 2012-03-01 26 Feb 29 iwii 1 mill rnttn 3 twill mu* nfli" IUAISH ft l»A( |>.<K<Sli 75«S 0 0 i.vWo DJ1K7 lU’SU Od«*»,i U.UIPT il '1 SWAP ONtr r*U» 1M) j rmh* njircij t mu* n4?swi U j uwi •i n&n&= Tlnrltr 0,, f7 C57 SWAT MldraUs V f r ..a.wxi67 words
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Article139 2012-03-01 26 Feb 29 GOLD(US$/oz) Feb 28 Feb 29 Hong Kong 1780.00 1791.50 Feb 29 Feb 27 Feb 28 London 1777.05 1783.98 1777.85 1784.98 Source: Thomson Reuters CAST BAR Feb 29 (S$) Selling Buying Kilobar 76,751.10 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 72 5gm 488 358139 words
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Article57 2012-03-01 26 Feb 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3245.0 3248.0 3245.0 3217.0 49 1382 Apr 12 3267.0 3277.0 3267.0 3249.0 990 ***** May 12 3285.0 3295.0 3288.0 3260.0 ***** ***** Jun 12 3289.0 3298.057 words
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Article24 2012-03-01 26 Feb 29 Open High Sett STI Mar 2988.0 SIMSCI Mar 345.3 349 347.7 Taiwan Mar 284.6 289.8 288.5 Source: SGX Derivatives24 words
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Article155 2012-03-01 26 Feb 29 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3472 1.3486 1.0813 1.0816 Canadian dollar 1.2539 1.2554 1.0064 1.0068 Euro 1.6769 1.6783 1.3459 1.3460 NZ dollar 1.0494 1.0508 0.8423 0.8427 Sterling pound 1.9838 1.9858 1.5923155 words
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Article121 2012-03-01 26 As at 9am Feb 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.378 1.313 Can dollar 1.279 1.23 Euro 1.713 1.648 Sterling pound 2.024 1.947 NZ dollar 1.078 1.027 US dollar 1.266 1.218 Local dollars to 100 units of foreign121 words
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Article161 2012-03-01 26 Feb 29 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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 12161 words
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BizIT THE USINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration624 2012-03-01 27 VICTORIA HO - Networking technology company opens new customer centre here to push Ethernet fabric product By VICTORIA HO UCKING the trend of quick-changing technology in the networking industry, Ethernet fabric architectures are here for the next 10 years, said Brocade CEO Michael Klayko. Speaking at624 words
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345 2012-03-01 27 Bloomberg [SEOUL] Samsung Electronics Co, the world’s sec-ond-largest handset maker, will “significantly” increase investment to bolster its own mobile phone operating system, pitching it as an alternative to Google Inc’s Android. “We believe this is a good platform to build on,”Bloomberg - 345 words
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353 2012-03-01 27 VICTORIA HO - By VICTORIA HO SAVVIS has unveiled plans to open a second data centre here, citing increased demand from businesses for third-party IT services. The US-based firm provides services such as colocation, managed hosting and network services. It plans to invest US$100 million353 words
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Article, Illustration552 2012-03-01 27 AP [BARCELONA, Spain] Struggling cell phone maker Nokia kicked off the world’s largest mobile phone trade show on Monday by unveiling a new low-cost Windows smartphone that operators could give away free to customers, and another aimed at snap-happy consumers demanding better photoAP; AFP - 552 words
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365 2012-03-01 27 Such sites could be accessed on Monday and Tuesday but blocked again yesterday Reuters [SHANGHAI] Some Chinese Internet users have this week been able to access blocked websites such as YouTube, Facebook and Twitter, relishing the newfound freedom although the reason for theReuters - 365 words
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Page 27 Advertisements
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Advertisement24 2012-03-01 27 Simei’s Little India What makes Indians flock to Melville Park? BOLLYWOOD’S FITNESS SECRETS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST24 words
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PROPERTY
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Article, Illustration1202 2012-03-01 28 Morgan Stanley sells half the units in big project, with deals tripling in past year Bloomberg [SEATTLE] Morgan Stanley is finding the bottom in the US condominium market. The bank, which ended up as an owner of the largest luxury condominium project inBloomberg; BLOOMBERG FILE PHOTO - 1,202 words
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Article761 2012-03-01 28 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN FEB 1 AND FEB 7, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Riverside Piazza Apt 07/02/2012 99 1270 1300 1024 District 3 NON-LANDED Ascentia761 words
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854 2012-03-01 28 Strict lending rules have contributed to drop in home buying Bloomberg [NEW YORK] Tom Toomey, chief executive officer of real estate investment firm UDR Inc, is betting the best rental deal in Manhattan is owning the whole building. The nation’s third-lar-gest apartment realBloomberg - 854 words
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Article, Illustration907 2012-03-01 29 Numbers don’t quite add up, projects not spurring demand for building materials Reuters [SHIJIAZHUANG, China] What do a luxury Chinese apartment tower, a workers’ dormitory, a low-in-come housing block and an empty field have in common? They all qualify as affordable housing projects under aReuters; REUTERS - 907 words
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Article, Illustration1049 2012-03-01 30 KALPANA RASHIWALA - Buyer from India is said to be involved in the resources sector By KALPANA RASHIWALA IN the latest sign of a revival in the high-end bungalow market, a seafronting bungalow at Cove Drive has changed hands at $39 million, a record absolute price for1,049 words
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533 2012-03-01 30 PAULINE NG Kuala - Radiant Starfish allocates RM4.2b to reclaim 809 hectares By PAULINE NG Kuala in Kuala Lumpur RECLAMATION work will start next month off Mersing for an ambitious mul-ti-resort project which Malaysia views as having the potential to transform the tranquil Johor fishing village533 words
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Article, Illustration440 2012-03-01 31 JASMINE NG - Next to MRT station, plot with strata curbs could fetch up to $260 psf ppr By JASMINE NG JTC has made available an industrial site at Tai Seng Street, which is expected to be hotly contested given its location. The 1.18-hectare site440 words
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403 2012-03-01 31 AMANDA EBER - Their purchases last year totalled $2.51 b, says CBRE report By AMANDA EBER REAL estate investment trusts (Reits) from Singapore continue to dominate cross-border acquisitions in Asia, with 17 out of 26 Singapore Reits (S-Reits) active overseas. S-Reits transacted cross-border acquisitions worth a403 words
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Page 28 Advertisements
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Advertisement33 2012-03-01 28 Your Industrial Needs Our Industrial Expertise Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6836 6888 savills.com savills AGENCY NO. L*****88B33 words
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Page 29 Advertisements
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Advertisement95 2012-03-01 29 •Til n: III 1ST Have you bought a property in this new London development? We are letting apartments at above asking rentals and have tenants waiting. Demand is currently exceeding supply. Please contact us now with your property. Book your place now by calling Lynne Geeves (CEA Registration No R*****5A)95 words
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Advertisement452 2012-03-01 29 fesliS ...j i Land 8,400 sq ft 4,000 sq ft built-in (Re-built in 2007 with quality finishes) i 4 bedrms on ground floor ideal for parents kids 2 bedrms upstairs i 1.5 storey with potential to add 2 bedrooms upstairs i Ground pool (7 x 3.8m), beautiful garden with mature452 words
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Page 30 Advertisements
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Advertisement119 2012-03-01 30 Condo Site at Bartley/Upper Serangoon Dist.19; Bartley Grove Apt adjoining site Land 65,305 sf; FH; GPR 1.4 5-sty Within1 km to Maris Stella High, Cedar Pri Near nex mall Aust/US schs, MRT stations Potential for 115 apts of ave. 800 sf Tender Closing on 21 Mar 2012 (Wed), 2.30 pm119 words
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Advertisement202 2012-03-01 30 Rare exclusive cluster homes next to Bukit Timah Nature Reserve Distinctive architecture and concept by award winning architect Lush landscape, swimming pool, gym security 4-level of luxurious living with pte home lift and carpark lots Area ranges from 4402 sqft to 5371 sqft Ready for immediate occupation For viewing appointment202 words
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Advertisement129 2012-03-01 30 8 Nassim Hill (Luxury Home) 3 storey “Townhouse” Penthouse Freehold. Foreigners eligible Immediate Occupation Private Pool with Lawn Cobroke welcome ReAnne Leu 9183 3547 (Reg. No.: R*****2B) Estate Agent Licence No: L*****01G DTZ Debenham Tie Leung (SEA) Pte Ltd FOR SALE BY TENDER ULTRA MANSION Derbyshire Road Estate Agency Licence129 words
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Advertisement36 2012-03-01 30 5-mins Outram Park MRT Office Keong Saik Rd 1121 sqft. $50k reno. #3 Walk-up. 100% Move-in. 6 partition rms. Fully fitted, 999 yrs. Conservation Johnny Chua 8444-9822 Global Property Strategic Alliance P/L (CEA Reg. No. L*****61F)36 words
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Page 31 Advertisements
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Advertisement583 2012-03-01 31 1 t -p F Vv: —j: vn# t pSOI pr 7 k» -'v Embassy By gardens BaUymore BALLYMORE Suites, 1, 2 3 bedroom apartments available. For more information, please contact the Sales Team to register your interest. Jones Lang LaSalle Jones Lang LaSalle Residential Pte Ltd CEA Licence No.: L*****591583 words
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Page 32 Advertisements
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Advertisement122 2012-03-01 32 WINNER Overall client satisfaction IG Markets Trends /"Sept 2011 7 Singapore Contracts for Difference Report Trade EUR/USD from 0.8 pips and no re-quotes. /a 1 li F 0& s *0> °£s 's l *g P 0 B I) 7 VC $3? 7 9 8u ■7/ I vv A :V Standard122 words
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