The Business Times, 20 March 2012

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, March 20, 2012
    25 words
  • 892 1  -  Mega lease deals have dried up; rentals may fall by up to 15% this year By KALPANA RASHIWALA [SINGAPORE] Office leasing deals since the start of this year have been relatively small, generally at 25,000 sq ft or below each a far cry from
    Source: CBRE  -  892 words
  • MARKETS DIGEST
    • 110 1 HST INDEX 2,990.09 (-20.59) HST INDEX FUTURES 2,990.00 (-36.00) HSIMSCI 345.18 (-3.03) HSIMSCI FUTURES 344.90 (-4.90) us$ s$ US$ (S$ per US$) 1.259 (US$/S$ per 1.584 1.994 EURO (US$/S$/E) 1.315 1.656 Foreign currency per US$ S$ YEN 83.20 66.10 RM 3.053 2.425 HK$ 7.762 6.166 BAHT 30.71 24.39 RUPIAH
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    • 26 1 SltoGAPOHP MAUVSIA ess H'jM. K'MO INDQMWA l»Ol WWAn wac JAPAN M/S *l jj hill TAIN AVi i.;s 525 UNAJM •(VVli/.HtlrtflO IMIf/A Hn Source: Bloomberg
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  • 729 1  -  By KELLY TAY [SINGAPORE] The Ministry of Information, Communications and the Arts’ (Mica) new data protection Bill to be tabled in Parliament by the third quarter of this year will apply not only to businesses based here, but also to any
    729 words
  • Page 1 Advertisements
    • 134 1 SME Inc Something old, something new PAGE 9 PROPERTY S’pore office rents 8th most expensive PAGE 31 COMPANIES Olam partners with Gabon in rubber venture PAGE 4 BANKER IN DETENTION Eden Wu has no access to lawyer PAGE 3 Singapore Business Awards THE BUSINESS TIMES Over the last 27 years,
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  • TOP STORIES
    • 477 2 Prime office rentals taking extended break OFFICE leasing deals since the start of this year have been relatively small, generally at 25,000 sq ft or below each a far cry from the leases of more than 200,000 sq ft inked by financial institutions during the heyday in 2010.
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    • 51 2 IN “SGX to ease reporting rules on derivatives NLTs” (BT, March 16), our headline may have given the wrong impression that the Singapore Exchange plans to reduce re- porting requirements for derivatives negotiated large trades. The proposed changes are to provide another platform and more time to report those
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    • 483 2  -  40-page primer written by corporate governance expert Mak Yuen Teen By JAMIE LEE [SINGAPORE] Social enterprises in Singapore will now have a new guidebook written by corporate governance commentator Mak Yuen Teen that sets out a range of key governance principles for their reference. The
      483 words
    • 332 2  -  By LYNN KAN [SINGAPORE] Anthony Aurol, a former director of shipyard owner PPL Holdings (PPLH), was yesterday found to be in contempt of court by High Court judge Quentin Loh for disobeying a gag order last year. BT understands that a hearing will be
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    • 466 2  -  M’sian corporation was to start loan repayments in Jan By S JAYASANKARAN in Kuala Lumpur A BIPARTISAN Malaysian parliamentary committee says the controversy-rid-den National Feedlot Corporation (NFC) has yet to service its RM250 million (S$103 million) federal government loan despite the fact that
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    • 451 2 Bloomberg [NEW YORK] Apple, the world’s most valuable company, said yesterday it will initiate a regular quarterly dividend of US$2.65 a share in July and will buy back up to US$10 billion of its stock starting in fiscal 2013. The dividend works out
      Bloomberg; AP  -  451 words
    • 591 3  -  Fuel bill, set to rise by US$37b, is the big worry COMMENTARY By VEN SREENIVASAN [SINGAPORE] When Tony Tyler, the director-general of the International Air Transport Association (Iata), delivers the agency’s latest industry forecast today, expect him to present a somewhat sobering prognosis this
      591 words
    • 576 3  -  Survey: they see it as vital in moving from low-cost manufacturing model By ANNA TEO [SINGAPORE] The race to innovate to drive growth and the need for the requisite skills to do so have displaced cost-cutting as the biggest challenges facing CEOs. This is
      576 words
    • 434 3 AFP [BEIJING] Police in China have held a Singaporean banker for two weeks without allowing her access to a lawyer after her client allegedly fled the country with millions of dollars, her fiance said yesterday. Eden Wu, who has worked in
      AFP; AFP/JASON TAN  -  434 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 301 3 jr^ i Eitip'°V ed f lNAN c1 in tVvre© month® —4TJKM *Pa' L V77 4 -nT* FT Salary lercentage increase !C* •Ot l-INANC MMES e »n> e S P Jain receives four top 10 rankings: Financial Times Global MBA Rankings 2012 S P Jain School of Global Management, formerly known
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  • COMPANY NEWS
    • 559 4  -  The firm plans to jointly develop a 28,000-hectare rubber plantation By CARINE LEE OLAM International Ltd is moving into rubber plantations with a US$183 million joint venture with the government of the Republic of Gabon (RoG). The commodity firm yesterday unveiled plans to
      559 words
    • 384 4  -  Mitsui Fudosan is 50-50 JV partner for 121,000 sm project By LYNETTE KHOO GLOBAL Logistic Properties (GLP) has formed a 50-50 joint venture with Japanese developer Mitsui Fudosan Co Ltd to develop a large-scale, multi-tenant, logistics facility in Ichikawa City, Chiba prefecture
      384 words
    • 475 4 Reuters [NEW DELHI] The undersea cable unit of India’s Reliance Communications has applied to list in Singapore, two sources with direct knowledge of the matter said, potentially raising US$1-1.5 billion to help its parent pare a heavy debt burden. The unit will list
      Reuters; BLOOMBERG  -  475 words
    • 633 5  -  The best-performing companies have been driven by asset turn, it says By JASMINE NG COMPANIES in Asia ex-Ja-pan are seeing more misses than surprises this earnings season, but there is no cause for alarm, according to a Citi equity strategy report. This is
      633 words
    • 468 5  -  Qualified opinion on $15.8m dividend booked from unit By JOYCE HOOI BAKER Technology’s independent auditors have issued a qualified opinion on the group’s 2011 financial results, highlighting the $15.8 million dividend that Baker booked from its subsidiary, PPL Shipyard (PPLS), in 2010. This qualification
      468 words
    • 257 5  -  By LIM WEI SHENG STATS ChipPAC has forecast a sharper fall in net revenue from Q4 2011 to Q1 2012 than previously expected. According to a statement released yesterday, the Singapore-based semiconductor testing firm estimated a fall in net revenues by 9
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    • 492 7  -  It says it may declare dividend with Q1 results after 2011 net loss By BRYAN KOH FOREIGN worker dormitory operator Centurion Corporation could pay out an interim dividend for FY2012 when its first quarter results for the financial year are announced. “We owe it to
      492 words
    • 320 7  -  By LYNETTE KHOO MOHD Wira Dani Bin Abdul Daim, son of former Malaysian finance minister Daim Zainuddin, is making a $4 million investment in Singapore-listed Asiasons WFG Financial. The corporate finance and investment firm said yesterday that its controlling shareholder, Asiasons Investment,
      320 words
    • 145 7 Reuters [HELSINKI] Finnish cargo handling equipment maker Cargotec is considering listing its marine unit on the Singapore exchange to strengthen its presence in Asia, the firm said yesterday. It said it would own the majority of Cargotec Marine, which would remain consolidated within
      Reuters  -  145 words
    • COMPANY BRIEFS
      • 67 7 STX OSV Holdings said it has secured a 500 million Norwegian krone (S$109.4 million) contract for the construction of an advanced subsea support vessel for Island Offshore Group. It will be of Rolls Royce’s UT 737 CD design with a length of 96 metres
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      • 46 7 SINGAPORE Telecommunications has hired Lim Cheng Cheng, former chief financial officer of SMRT Corp, this month to manage its investment portfolio. Mr Lim started at SingTel on March 7 and reports to group chief strategy officer Bradley Gambill, SingTel said. Bloomberg
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      • 67 7 OTTO Marine has secured a time charter contract from a Mexican offshore platform construction company for an initial value of US$14.9 million for a period of 450 days. The contract comes with an option to extend for another 12 months, bringing the potential value of
        67 words
    • 312 7  -  They will cooperate on fuel oil for bunkering purposes By RONNIE LIM BP Singapore and Chinese oil giant Sinopec have signed a strategic supply agreement in Beijing to support plans by the duo to grow their global bunkering businesses. Under the broad framework
      312 words
  • Page 4 Advertisements
    • 443 4 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50), SECTION 78B(1)(C) AND IN THE MATTER OF GUSMER MACHINERY (ASIA) PTE LTD (Incorporated in the Republic of Singapore Company Registration No: *****0948W) NOTICE IS HEREBY GIVEN THAT the following special resolution was passed by
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    • 1061 4 SP CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0115K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN lath 59' Annual General Meeting of SP Corporation Limited (the “Company”) will he held at the NTUC Cento, No, 1 Marina Boulevard, Room 701 Level 7, One Marina
      1,061 words
    • 314 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ADDAX ASIA PTE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2611K Extract of the Minutes of an Extraordinary General Meeting of ADDAX ASIA PTE LIMITED signed by the Representative of the Holding Company pursuant to
      314 words
    • 214 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KIVILE ENTERPRISES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No: *****3482R NOTICE OF FINAL MEETING Notice is hereby given, in pursuance of Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of
      214 words
    • 344 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLUE MINE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****4784Z Extract of the Minutes of an Extraordinary General Meeting of BLUE MINE PTE LTD signed by the Representative of the Holding Company pursuant to
      344 words
    • 379 4 VAN DER HORST ENERGY LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****1941G NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of VAN DER HORST ENERGY LIMITED ("the Company") will be held at 30 Pioneer Road, Singapore *****2 on 12 April
      379 words

  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 574 6  -  Turnover was a weak 1.9b units worth 1.06b, for an average of 56 cents per unit STOCKS R SIVANITHY Senior Correspondent CONTRARY to prior expectations, stocks fell yesterday as volume, which has been dwindling in recent weeks, continued to drop. The Straits Times Index (STI)
      Source: Bloomberg  -  574 words
    • 186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 40 77 32 5 3 9 45 80 41 Commerce 19 29 16 5 1 4 24 30 20 Tpt/Stor/Comms 9 26 7
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 12,901 12,901 42,492 42,492 Manufacturing 316,850 43,918 360,768 206,489 881 207,370 Commerce 150,734 8,446 159,180 110,490 568 111,059 Tpt/Stor/Comms 120,052 19,651 139,703 173,461 4,031 177,492 Finance 15,726 170 15,896 139,406 38 139,444 Construction 249,054 11,385
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    • 111 6 Stock name Close Change CapMallsAsia 1.645 +0.005 CapitaLand 3.030 -0.040 CapitaMall 1.775 +0.030 CityDev 11.290 ComfortDelGro 1.505 -0.010 DBS Grp 14.440 +0.130 F&N 6.750 +0.070 GLP 2.140 -0.050 Genting SP 1.625 -0.025 Golden Agri 0.740 -0.005 HK Land 5.720 +0.070 JMH 50.770 -0.430 JSH 32.000 +0.300
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    • 65 6 Mar 19 VALUE CLOSE BT OB/OS 181.00 +22.00 BT CADI -*****.00-102.00 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 695.04 -4.73 FTSE ST Small Cap 464.94 -6.02 FTSE ST All Share 724.62 -5.20 FTSE ST China Top 229.26 -2.08 FTSE ST China 254.87 -1.18 FTSE ST
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    • 57 6 VOLUME MDR W*****5 202,640,000 HLH Grp 158,425,000 MDR 87,347,000 EuNetworks 71,609,000 JEL Corp 67,876,000 Golden Agri 45,739,000 Centillion 37,685,000 JES 33,573,000 Genting SP 33,287,000 PSL Hldgs 32,131,000 VALUE($) DBS Grp 70,139,350 Genting SP 54,714,010 SingTel 53,938,820 Noble Grp 40,519,825 Wilmar 37,463,710 Yangzijiang 35,282,375 Golden Agri 34,342,512 UOB
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    • 924 6  -  Compiled by JAMIE LEE Oil and Gas Sector OCBC INVESTMENT RESEARCH, March 19 ROTARY Engineering (Rotary) met our Q4 CY11 forecasts, but PEC disappointed due to higher-than-ex-pected costs on its Rotterdam project. Rotary proposed a two Sin-gapore-cent final dividend, bringing its FY2011 total dividend to three Singapore cents.
      924 words
    • 420 6 CURRENCIES AFP [TOKYO] The US dollar traded narrowly against the yen and euro in Asia yesterday amid a mixed bag of US data that failed to give a clear picture of the health of the world’s biggest economy. The US dollar fetched 83.42
      AFP  -  420 words
    • 112 6 BY CENTS CLOSE UP IS S&P500 ***** 75.5 0.4 JSH 3200 37.8 0.9 GLD 10US$ ***** 36.5 0.2 DBXT MSJAP 10US$ 3842 34.0 0.7 Lyxor Europe 10 US$ 1256 34.0 2.2 DBXT MSKorea 10US$ 5975 25.2 0.3 DBS Bk 4.7% NCPS 100 ***** 24.0 0.2 DBXT Nifty 10US$ *****
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    • 121 6 BY CENTS CLOSE DOWN DBXT MSAsExJp 10US$ 3153 -90.6 -2.2 DBXT FTChina25 10US$ 2809 -79.3 -2.2 JMH 5077 -54.1 -0.8 DairyFarm 1050 -50.4 -3.7 UOB 1810 -45.0 -2.4 Asia Pac Brew 3350 -40.0 -1.2 DBXT MSCHINA 10US$ 1133 -32.7 -2.2 Lyxor China H 10US$ 1398 -32.7 -1.8 UOB.ES.1203 1813
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 96 7 Investment^Trends Sept 2011 Singapore Contracts for Difference Report Trade EUR/USD from 0.8 pips and no re-quotes. h G ?Zl ?9 eu SB "A. Standard and mini contracts on the same tight spreads. Automatic rebates for high-votume traders. Singapore’s No.1 for CFD Customer Satisfaction. Start trading FX today at igmarkets.com.sg or
      96 words

  • SINGAPORE NEWS
    • 572 8  -  By JOSHUA TAN TOP talents in Singapore want better work-life balance through flexible working hours, according to findings from the 2012 Greater China Region and Singapore Talent Environment Report. Singapore-based professionals gave the highest rating for meeting the needs of flexible hours as
      Source: MRI China Group  -  572 words
    • 278 8  -  By AMANDA EBER STUDENTS in Mahabubnagar District, in India’s southern Andhra Pradesh state, will soon have something new to cheer about. A revolutionary new teaching tool, co-developed by Nanyang Technological University (NTU), will be launched in schools there over the next
      278 words
    • 440 8  -  NTU’s Parasitometer saves time and money in sensing contaminants By EVE YEO IT WILL soon be cheaper and faster to detect contaminants in treated water. This is thanks to a la-ser-technology device that can detect these impurities in an hour, down from the usual
      440 words
    • 494 8  -  Move in conjunction with celebrating its 100th year in S’pore By ANNA LEE IN CONJUNCTION with its 100th year in Singapore, Nestle announced that the company will be investing more than $5.5 million in R&D (research and development) expansion, over and above its existing
      494 words
    • 591 8  -  The Finger Players grabs Best Director and Best Production By RACHEL LOI PUPPET theatre company The Finger Players clinched two of the top awards Best Director and Best Production Of The Year at the 12th annual Straits Times Life! Theatre Awards yesterday
      PHOTOS: JOSEPH NAIR/THE STRAITS TIMES  -  591 words
  • Page 8 Advertisements
    • 36 8 STJOBS ni Like AND STAND TO WIN 3 NEW I PADS*! B SCAN NOW WITH YOUR SMART PHONE TO FIND OUT MORE. OR VISIT WWW.STJOBS.SG STJOBS STJOBS Voted No.l Rue Marketing Magazine (2011) TERMS CONDITIONS APPLY.
      36 words

  • SME Inc
    • 1437 9  -  When developing ideas for restaurants, ThaiExpress Concepts CEO takes existing concepts and presents them in new packages. ANNA LEE reports LEEreports ANNA LEE ‘GO O D f o o d good service” is a mantra that Dellen Soh, CEO of ThaiExpress Concepts, often repeats, at times
      ARTHUR LEE  -  1,437 words
    • 1315 9  -  Wise Entertainment aims to further expand in lucrative China market By ANNA LEE THE tide is changing for the Asian music industry. The days of Korean pop will soon be over just like the fall of Japanese pop that
      ARTHUR LEE  -  1,315 words
    • 1010 10  -  Under a different ownership RichLand Logistics has continued to thrive and it recently clinched a major contract in Indonesia, reports AMANDA EBER reportsAMANDA AMANDA EBER MOST people would not connect fledgling oil and gas company Ramba Energy with the seasoned local logistics firm, RichLand
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    • 865 10  -  SMEs must also know how to value a licence COMMENTARY By ASHLEY STEVENS SINGAPORE’S strong push in R&D has helped build up substantial capabilities. Over the last few years, the local research scene has progressed towards translational and application research. This has seen universities,
      865 words
    • 1077 11  -  The high standards required in the aerospace industry influence companies to make top quality products, helping other industries too, reports JASLENE PANG reportsJASLENE reportsJASLENE PANG THE stringent certification and product requirements in the aerospace industry may put off some potential entrants, but in the long
      YEN MENG JIIN  -  1,077 words

  • Page 10 Advertisements
    • 743 10 FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2011 Consolidated Balance Sheets As of October 31 (C$millions) 2011 2010* Assets Cash and due from banks 13,247 8,440 Interest-bearing deposits with banks 12,181 13,254 Securities Trading 145,274 144,925 Available-for-sale 34,284 38,594 179,558 183,519 Assets purchased under reverse repurchase agreements and
      743 words

  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 211 12 m 8WP H m is ><• m H m H ft' m m •V m m I fc m *> I iH hfl n V, I III Z Kb SR VI w i m m 111*. 'V n v I IS »S 4.*.' i T* m SJ. Kg ■r/ :V
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  • ECONOMY WATCH
    • 382 13 Reuters [MONTEVIDEO] Brazil’s tighter controls on government spending are here to stay and will help the central bank further cut its lofty benchmark interest from 9.75 per cent, Planning Minister Miriam Belchior said on Saturday. A bloated state in Latin America’s
      Reuters; REUTERS  -  382 words
    • 208 13 Reuters [BEIJING] China’s industry minister warned of the risks of “blind expansion and duplicated construction” in government-mandated strategic economic sectors, local media group Caixin reported on its website yesterday. It was a rare, direct ministerial-level message about over-investment, especially in high-tech sectors that
      Reuters  -  208 words
    • 369 13 BCG says global Web users will reach three billion by 2016 Bloomberg [PORTLAND] The Internet economy of the G-20 nations will reach US$4.2 trillion by 2016, almost 1.7 times last year’s estimated level, as more than twothirds of Americans would forgo coffee and 21 per
      Bloomberg  -  369 words
    • 514 13 Govt data shows property prices falling in most of the biggest cities Bloomberg Reuters [HONG KONG] An International Monetary Fund (IMF) official said China will avoid an economic hard-landing as government data showed property prices falling in most of the nation’s biggest
      Bloomberg; Reuters  -  514 words
  • Page 13 Advertisements
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      311 words

  • MALAYSIA/INDONESIA
    • 487 14  -  Authority says a weakness of SEZ is supply of knowledge workers By PAULINE NG in Kuala Lumpur ONLY a handful of professionals have taken advantage of Iskandar Malaysia’s special tax incentives in specified sectors since the programme was introduced some four years ago.
      487 words
    • 253 14 Bloomberg [HONG KONG] Malaysia’s government has taken into account differences between industries and regions in setting a minimum wage due to be announced soon, said Idris Jala, Minister in the Prime Minister’s Department. “Oil palm for example, the minimum wages will be so
      Bloomberg  -  253 words
    • 352 14 [KUALA LUMPUR] DRB-Hicom Bhd will start making management changes in Proton Holdings Bhd, the country’s national carmaker, as early as this week, according to a local newspaper report. A person familiar with the matter told Malaysia’s Business Times to “expect Proton to have a
      352 words
    • 380 14 AFP [DENPASAR] Police on Indonesia’s resort island of Bali stepped up security in tourist hotspots yesterday after five suspected terrorists were shot dead in raids. “We beefed up security in all places around Bali especially in strategic places such entertainment spots, hotels
      AFP  -  380 words
  • Page 14 Advertisements
    • 67 14 The revamped Lianhe Zaobao engage like no other Chinese newspaper. A visual triumph that is easier on the eye with smarter use of colour, infographics and streamline designs. 1907 /Sr a 1 a.* 1 1 V i ri6ii f« 1 w 9tf pa6oo*KEPS*! S Lf-sSS; 2 *S**3| sssss& ss I
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  • GREATER CHINA/INDIA
    • 456 15 Move to backdate tax claims on overseas M&A deals creates uncertainty Reuters [MUMBAI] India’s proposal to back-date tax claims on overseas deals involving local assets throws foreign investment into fresh uncertainty, experts and industry figures said, potentially reopening old legal battles and clouding
      Reuters  -  456 words
    • 255 15 Bloomberg [SINGAPORE] Indian consumer-price inflation accelerated in February as the cost of fuel, clothing and milk rose, the government said. The consum-er-price index climbed 8.83 per cent from a year earlier, compared with a 7.65 per cent advance in January, the Central Statistical Office
      Bloomberg  -  255 words
    • 245 15 Bloomberg [NEW DELHI] India’s widening fiscal deficit and the lack of specific policies in last week’s budget to address weaknesses are credit negative, Moody’s Investors Service said. “A dependence on corporate tax revenue and vulnerability to commodity prices and exchange rates weakens
      Bloomberg  -  245 words
    • 459 15 Second audit report finds billions of yuan worth of waste Reuters [BEIJING] China’s National Audit Office said yesterday it had uncovered more evidence of fraud, waste, mismanagement and irregular accounting and procurement, totalling billions of yuan, at the flagship high-speed Beijing-Shang-hai railway. The
      Reuters  -  459 words
  • Page 15 Advertisements
    • 208 15 6 si .E i j&m ,:> Vv I m s Mr Ong Xiang Ren Mr Muhd Shaifful bin Wahib Pest Management Technicians, Aardwolf Pestkare INITIATE We used to place all our pest management chemicals together in our vans. But when it became hot in the van, the heat-sensitive chemicals would
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  • WORLD
    • 467 16 Index is unchanged this month at 28, the highest level since June 2007 LATEST US DATA AP Bloomberg [WASHINGTON] Homebuilders’ feelings about the current US housing market haven’t changed from February. But many are growing more optimistic that sales could pick up in the coming months.
      AP; Bloomberg  -  467 words
    • 562 16 Analysts see CDS remaining as viable hedging instrument Bloomberg [LONDON] Sellers of cred-it-default swaps on Greece will have to pay as much as US$2.5 billion to settle contracts triggered by the nation’s debt restructuring. The settlement was determined after dealers agreed a final value
      Bloomberg; AP  -  562 words
    • 489 16 AFP [SAN JUAN, Puerto Rico] Mitt Romney has scored a resounding win in Puerto Rico’s Republican primary, gaining momentum in a usually overlooked race with newfound significance in the hotly contested White House race. With the final tally in late Sunday, the
      AFP  -  489 words
    • 470 16 AFP [STOCKHOLM] Asia leads the world when it comes to weapon imports, according to a study released yesterday by the Stockholm International Peace Research Institute (Sipri). Globally the volume of international transfers of major conventional weapons was 24 per cent higher in
      AFP  -  470 words
    • 410 16 AP [NEW YORK] Mobile technology appears to be increasing the public’s appetite for news, but it’s far from clear whether the news industry will profit, a new study issued yesterday says. The Pew Research Center’s Project for Excellence in Journalism, in its annual state
      AP  -  410 words
    • 1286 17 Revealed the unknown billionaires Eight of them haven’t appeared in any major global wealth rankings Bloomberg [BOSTON] Billionaire Steven Bresky, 58, has eluded the limelight that usually accompanies great wealth for five years. In 2007, Mr Bresky inherited his father’s 74 per cent stake in Seaboard Corp, a US$5.7 billion
      Bloomberg; BLOOMBERG  -  1,286 words
    • 238 17 Reuters [LONDON] Britain’s banks face more pressure on profits, partly because of increasing regulation costs, and many will have to cut more jobs, according to a study by accountancy firm KPMG. KPMG said work on implementing proposals by Britain’s Independent Commission on
      Reuters  -  238 words
    • 461 17 Rules could prevent lenders scaling back their int’l business Bloomberg [BRUSSELS] After targeting global banks deemed too big to fail, regulators are weighing tougher capital rules for lenders whose collapse would roil national economies. The Basel Committee on Banking Supervision is considering extra
      Bloomberg  -  461 words
    • 237 17 Reuters [ZURICH] Swiss private bank Julius Baer yesterday said Raymond Baer will head a special committee overseeing its cooperation with a US tax investigation after standing down as chairman of the bank. The 52-year-old Mr Baer, who has been at the group almost
      Reuters  -  237 words
    • 875 18 Portfolios laden with low-return bonds as they struggle with growing payments Reuters [LONDON] This year’s surge in equities and other risky assets has been a relief for investors under pressure to boost returns after a dire 2011, but pension funds
      Reuters  -  875 words
    • 977 18 Jobs numbers: Fed cites poor economy but economists say it’s demographics Bloomberg [NEW YORK] David Waldrop, 59, says he considers himself retired after searching unsuccessfully for work comparable to the job he lost in July 2007 at the US Department of Energy in Atlanta.
      Bloomberg; AP  -  977 words
    • 213 18 Reuters [LONDON] A typical oil-and-gas executive in Nigeria earns nearly half-a-mil-lion US dollars a year, chalking up the biggest premium for working abroad over salary levels in Britain, research released yesterday showed. A typical senior oil-and-gas employee in Nigeria will receive a supplementary
      Reuters  -  213 words
    • 859 18 With no faith in pensions, Britons face old-age poverty Reuters [LONDON]Erin Graham helps well-heeled 60-some-things decide whether to spend their pensions and savings on Christmas cruises in the Caribbean or summer voyages “on the Med”. But the 27-year-old travel consultant
      Reuters  -  859 words
    • 725 19 Oil cartel countries entering market 50% faster than all other foreign buyers Bloomberg [NEW YORK] Opec nations are plowing cash into US Treasuries at a rate that is more than 50 per cent faster than all other foreign investors, an unintended benefit of oil
      Bloomberg  -  725 words
    • 891 19 Reuters [TOKYO] An expected US$3.5 billion record net loss as TV sales slumped is raising a red flag, with investors worried that Sharp has fumbled its business strategy. Takashi Okuda’s appointment as its new boss suggests it is not about to flinch
      Reuters; REUTERS  -  891 words
    • 707 19 Internet penetration is expected to reach 150m users by 2015 Reuters [DUBAI] Fares rushes through a crowded Moroccan market, past a man selling Persian rugs, a cat mewing for slivers of meat from a butcher, and a woman surveying mounds of bright
      Reuters  -  707 words
    • 244 19 AFP [TOKYO] Ichiro Ozawa, Japan’s one-time political kingmaker, condemned prosecutors and repeated his claims of innocence yesterday during closing arguments at his political funding scandal trial. Prosecutors have demanded that the 69-year-old, dubbed the “Shadow Shogun”, be jailed for three years over allegations he
      AFP  -  244 words
    • 428 19 AP [CANBERRA, Australia] The Australian government pushed a new 30 per cent tax on big mining companies through Parliament yesterday but faces an uphill battle to reduce the tax burden on struggling companies outside the booming commodities sector. The Senate passed the
      AP  -  428 words
    • 707 20 Both Sarkozy and Hollande pledge tax hikes seen curbing high-end spending Bloomberg [PARIS] Whoever wins next month’s French election, luxury-goods makers will be the likely losers. Frontrunners President Nicolas Sarkozy and Socialist candidate Francois Hollande have both pledged tax increases. The measures
      Bloomberg  -  707 words
    • 749 20 [NEW YORK] Bronze Buddhas, modern art, hanging scrolls and even a trove of carved rhinoceros horns featured on the popular television show “Antiques Roadshow” are among highlights at Christie’s and Sotheby’s semi-annual Asia week sales which started yesterday. With thousands of works,
      AFP  -  749 words
    • 741 20 Final round of talks amid fears of continued euro crisis [BERLIN] Italy’s Prime Minister Mario Monti will press ahead with efforts to revise labour laws this week, amid fresh warnings that the three-year-old European debt crisis is far from over. Mr Monti will lead
      741 words
    • 676 20 Bloomberg [BERLIN] German Chancellor Angela Merkel has been freed to focus on issues likely to shape her chances of a third term after changing sides to ensure the election of Joachim Gauck as the country’s 11th postwar president. Ms Merkel can
      Bloomberg  -  676 words
  • Page 16 Advertisements
    • 109 16 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
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  • Page 16 Miscellaneous

  • Page 17 Advertisements
    • 332 17 CUV! A DT Investment k3iy ArAXVX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 24 (Sat) 25 (Sun) March 2012 11am 7pm Hall 401, SUNTEC Singapore International Convention Exhibition Centre FREE ENTRY REGISTER NOW www.smartexpos.com/sg SMART Celebrates 25 Expos In Asia! Win iPad (3rd Gen.) LIVE DRAW: SAT.
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  • Page 18 Advertisements
    • 28 18 tk Lianhe Zaobao Guangdong's import and export growth halted since January an indication of slowing down of Chinese economy riFs4*m To subscribe,call 6388 3838 or go to sphsubscription.com.sg
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  • FOCUS: EUROPE AT WORK
    • 1052 21  -  A generational divide favouring older workers is crippling the Italian labour market, writesRACHEL DONADIO writesRACHEL RACHEL DONADIO NYT [ROME] ASSUNTA Linza, a bright-eyed 33-year-old with a college degree in psychology, has been unemployed since June, after losing a temporary job as a call-cen-tre operator.
      NYT; AFP  -  1,052 words
    • 1528 21  -  Former colonies are drawing more and more young, educated Portuguese in search of a better life. ByAXEL BUGGEandEDUARDO SIMÕES ByAXEL AXEL BUGGE, EDUARDO SIMOES Reuters [LISBON] GRADUATES scouring newspapers’ recruitment pages amid Portugal’s worst recession in memory are increasingly opting for the chance
      Reuters; REUTERS  -  1,528 words

  • EDITORIAL & OPINION
    • 482 22 EDITORIAL THE decision by the Society for Worldwide Interbank Financial Telecommunication (Swift) to expel 30 Iranian financial institutions, including its central bank, to comply with European Union sanctions raises Middle East tension another notch. The EU scheme is to cripple Teheran’s ability to conduct
      482 words
    • 849 22  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT INDIAN Finance Minister Pranab Mukherjee presented his budget on March 16 under trying circumstances. His party, the Congress, had fared poorly in elections in
      849 words
    • 1042 22  -  Unfortunately for Obama, rising oil prices will cost votes whatever he does LEON HADAR Washington Correspondent WHEN one considers the Federal Reserve’s recent outlook, the rise in retail prices, the creation of more new jobs, and the relatively bullish stock market, it is
      AP  -  1,042 words
    • 1619 23  -  Need for effective and appropriate laws and regulations to deal with both sides of the corruption equation By WILSON ANG The writer is a regulatory and investigative lawyer based in the dispute resolution team of international legal practice Norton Rose (Asia) LLP in
      ST FILE PHOTO  -  1,619 words
    • 829 23  - The ‘lost decades of Japan and the US? There’re US equivalents to Japan’s three major structural problems ROBERT SAMUELSON The Washington Post Writers Group [WASHINGTON] SINCE the financial crisis, a shadow has hovered over the US economy: Japan. Could what happened there happen to us? The bursting of Japan’s real
      The Washington Post Writers Group; REUTERS  -  829 words


  • AVIATION
    • 754 24 UPS secures deal after raising its offer to 9.50 euros a share in cash Bloomberg [FRANKFURT] United Parcel Service Inc (UPS) will buy TNT Express NV, Europe’s second-largest express delivery company, for 5.16 billion euros (S$8.5 billion) in
      Bloomberg; AP  -  754 words
    • 582 24 Members of Kuwait’s Cabinet are in talks with labour leaders to try to resolve the dispute. AP [KUWAIT CITY] Kuwait Airways, the Gulf state’s national carrier, cancelled flights for a third day in a row as it scrambled to cope with a strike by
      AP; REUTERS  -  582 words
    • 466 24 Buyer IAG said to be struggling to raise funds for purchase Bloomberg [LONDON] Deutsche Lufthansa AG’s sale of its BMI Regional unit is faltering as the buyer is struggling to raise money for the purchase, according to an e-mail sent to staff by BMI’s
      Bloomberg  -  466 words
    • 388 24 Reuters [TORONTO] Air Canada has asked the government’s labour relations board to intervene after an unusually large number of pilots called in sick on a busy spring-break weekend, contributing to numerous flight cancellations, Canada’s largest airline said. Spokesman Peter Fitzgerald said on
      Reuters  -  388 words
  • Page 24 Miscellaneous
    • 301 24 CRYPTIC CROSSWORD Across 1 Here’s the best place to start on grid (4,8) 8 Thatcher perhaps and supporter losing head (7) 9 Element ignited with smell containing iodine (7) 11 Academic has work with absent failing student (7) 12 Producer of Robin’s first line at works (7) 13 Relation’s pleasant
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  • SHIPPING
    • 491 25 Signal that it is fulfilling pledge to make up for decline in Iranian sales Bloomberg [LONDON] Saudi Arabia, the world’s biggest oil exporter, is booking the most tankers in years to supply the US, a sign that the kingdom is fulfilling
      Bloomberg  -  491 words
    • 821 25 But they risk their lives daily on the Straits of Hormuz AFP [KHASAB, Oman] Dozens of unmarked speedboats pulled into Oman’s Khasab port, breaking the dawn silence and marking the start of a wet and treacherous work-day for Iranian smugglers on the Straits of
      AFP; AP  -  821 words
    • 255 25 SGX '000 Mar 19 S$ +/-Vol CH Offshore 0.39 0.01 757 Chuan Hup Hldg 0.23 -0.01 80 Cosco Corp 1.18 -0.03 ***** S$ Ezra Hldgs 1.10 -0.02 ***** First Ship Lea 0.22 -0.01 1269 Freight Links 0.06 unch 1240 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      255 words
    • 276 25 Reuters [BEIJING] The drilling arm of Danish shipping and oil group A P Moller-Maersk is focused on building its own rigs for now and has no plans to buy rig builders or old rigs in the market, its chief executive said.
      Reuters  -  276 words
    • 328 25 Reuters [BANGALORE] Oil tanker operator Teekay Tankers Ltd expects a better first quarter than last year, its chief executive told Reuters, echoing views of sector-bellwether Frontline that demand has picked up considerably in recent weeks. The tanker market was hit hard last
      Reuters  -  328 words
    • 331 25 Bloomberg [HONG KONG] China, the biggest buyer of Iranian oil, will take steps to prevent European trade sanctions disrupting shipments from the Persian Gulf nation, said tanker operator China Shipping Development Co. The government has discussed ways of helping shipping companies
      Bloomberg  -  331 words
    • 231 25 Reuters [KUALA LUMPUR] Malaysian shipping firms Bumi Armada Bhd and MISC Bhd are front runners for a contract to supply a floating, production, storage and offloading vessel to US-based oil and gas firm Hess Corp, the Edge Malaysia reported. Bumi Armada has
      Reuters  -  231 words

  • 2290 26 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 STXPO TBN Antwerp/UK
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  • Page 26 Advertisements
    • 29 26 Attn: Jane Fax: *****110 urgently needed by shippers ADVERTISE, CALI IOE WONG AT 9620 Can they find your services here in -the Shipping Times? The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • 1382 27 Transaction date: Mar 19 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 Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 112.5 92.5 AIMSAMPIReit 110.5 unch 295 111.5 110
      1,382 words
    • 223 28 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 1 0.2 t Advanced System 0.4 unch 8986 0.5 0.4 0.3 0.4 6.6 Last Quote DivGrYld Net M Cap High Low Company
      223 words
    • 7237 28 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 1.04/ Aberdeen Asset Mgt Asia Limited ....1.0007/ EM Local Ccy Bond .0 9793/ Global Emerging
      7,237 words
    • 229 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US36.5 unch 3934 37 36 36 36.5 2403.3 Vol 205 168 TanChongInt HK191 190 200 2.9 2.6 13.3 3846.5 STOCK PRICES
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    • 924 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 101 CIMB APAC Div 100US$ US102 -1 9 103 102 101.6 102 10.7 1261 856 CIMBAsean40 100US$ US1059cd +2 10 1059 1059 1049 1053 42.4
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  • FINANCE & COMMODITIES
    • 589 29 Mar 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.64 *****.48 Jun12 *****.00 *****.00 *****.00 *****.00 ***** *****4 Sep12 *****.00 *****.00 *****.00 *****.00 2 1277 MSCI TAIWAN INDEX FUTURES SPOT 287.65 288.52 283.89 Mar12 285.70 288.10 283.40 286.90 ***** *****7 Apr12 286.70 287.60
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    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr Mar 16 Index Change Change Change Change Change Change World Preliminary 926.9 0.3 11.7 0.1 8.4 0.5 11.8 EAFE Preliminary 765.1 0.3 12.2 0.6 8.6 1.0 11.9 Europe Preliminary 1134.5 0.4 10.5
      373 words
    • 106 29 As on 16 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1664.70 1641.50 1655.90 834 CURRENCY AUD-USD FUT MAR2012 1.0540 1.0522 1.0590 6 EUR-USD FUT MAR2012 1.3088 1.3082 1.3173 43 EUR-USD FUT JUN2012 1.3194 1.3056 1.3179 7283 BASE METAL
      106 words
    • 104 29 Mar 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1380.75 1375.50 1377.50 1363.50 Jul 12 1369.25 1365.25 1383.75 1370.50 Aug 12 1347.25 1343.75 1372.25 1361.75 Sep 12 1328.25 1350.50 1341.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.50 55.85
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    • 76 29 CRUDE OIL PRODUCTS Mar 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 124.71 1.52 WTI (Near Mth) 107.12 1.77 Dubai (1-Mth F) 119.65 -1.93 Tapis blend 130.11 -2.19 Minas 129.91 -2.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.67 -2.16 Jet Kerosene 134.96 -1.17 US$/barrel OpecOil Basket
      76 words
    • 22 29 Mar 19 S$ Bid Offer 1-month 1.2587 1.2591 2-months 1.2587 1.2591 3-months 1.2585 1.2590 6-months 1.2576 1.2582 Source: OCBC
      22 words
    • 64 29 Mar 16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2219.00 2208.75 3 months 2258.00 2250.00 Copper, Grade A(US$/tonne) Cash 8531.00 8582.75 3 months 8510.00 8565.00 Lead(US$/tonne) Cash 2089.00 2095.00 3 months 2108.00 2122.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3 months *****.00
      64 words
    • 79 29 Mar 16 COCOA (£/tonne) Close Prev High/Low Mar 12 1461 1428 1466/1418 May 12 1479 1446 1482/1436 Jul 12 1488 1462 1493/1448 Sep 12 1495 1472 1498/1454 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2033 2027 May 12 2040 2034 2054/2020 Jul 12 2002 2004 2019/1992 Sep 12 2011 2013
      79 words
    • 480 29 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 1 150 280 20.00 26 oo Conv Baker Technology Ltd W*****6 3 1 32 13 10.33 8 Exer Price Prem Disc Gearing Expiry Mths Left Asia-Pacific Strategic
      480 words
    • 470 29 Mar 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.051 6.698 0.805 8.223 53.131 97.083 0.881 11.885 3.235 1.284 96.050 45.456 1.334 8.021 0.972 31.277 32.536 0.669 1.059 Canada 0.951 6.373
      470 words
    • 80 29 Mar 19 iusv I«1 1 mill O.mui n41«tit J mill' O.ni rs Mfrw i mtlw. 0-t Iini twin o.Tam a-Mmi Vphv UilMkl, Adrift i? mirw 1 CiWl SWAP OfCtf fAlfii 1 mill iss; 0 *****1 J mifjv 3 mill! (OKn n -17&7H «<hi i ■j #f.. n 0?«*M njyj»^7
      80 words
    • 154 29 Mar 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3330 1.3345 1.0590 1.0599 Canadian dollar 1.2685 1.2696 1.0078 1.0084 Euro 1.6556 1.6562 1.3153 1.3154 NZ dollar 1.0380 1.0390 0.8247 0.8252 Sterling pound 1.9933 1.9940 1.5836 1.5837
      154 words
    • 145 29 Mar 19 •3 DID '.mm> m#f 19 A 101 It liOlU) ttOfi-j IgfcABQ im oa I'1*1 til in Mar ?< l«14 5u MiWi Mar I* IMJ n Mi'll 'll Source: Thomson Reuters CAST liAu Mo/ >9 W 0uy)n<j Wtetoif in«i P«MP Goto BARS KU ‘cIIIaq Puyln«i lOP' 141
      145 words
    • 78 29 Mar 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 21-Jun-12 0.31 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.05 5-Year N*****0Z 2.375 01-Apr-17 108.43 108.52 108.45 3-Month 10-Year
      78 words
    • 59 29 Mar 19 Mar 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3400.0 3394.0 3412.0 3372.0 630 ***** May 12 3401.0 3400.0 3412.0 3368.0 2694 ***** Jun 12 3399.0 3398.0 3412.0 3368.0 ***** ***** Jul 12
      59 words
    • 121 29 As at 9am Mar 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.363 1.299 Can dollar 1.293 1.244 Euro 1.687 1.623 Sterling pound 2.03 1.952 NZ dollar 1.067 1.017 US dollar 1.277 1.228 Local dollars to 100 units of foreign
      121 words
    • 154 29 Mar 19 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.12 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.90 0.70 9 months 1.05 0.85 12
      154 words

  • PROPERTY
    • 488 30  -  ‘Sticky inertia’ likely as retailers try to enhance efficiency, says Knight Frank By MINDY TAN [SINGAPORE] Average retail rents are projected to remain flat over the year, with any increases likely to be between one and two per cent, as retailers
      488 words
    • 291 30 Bloomberg [BEIJING] InterContinental Hotels Group plc, the world’s largest provider of hotel rooms, will begin opening locations as soon as next year under a new brand designed to appeal to Chinese travellers. The Hualuxe brand of hotels will have teahouses instead of
      Bloomberg; REUTERS  -  291 words
    • 498 30  -  Difference between top 2 bids for 0.8 ha site only 0.4% By MINDY TAN [SINGAPORE] A 0.8 hectare site at Serangoon North Avenue 4 have beaten analysts’ expectations, drawing a top bid of $47.1 million, or $216.68 per square foot per plot ratio (psf
      498 words
    • 279 31 Reuters [ATLANTA] The chief executive of Starwood Hotels Resorts Worldwide said that oil prices would have to rise “pretty significantly” from current levels to put a dent in hotel demand. Frits van Paasschen said that the current increase in oil prices reflects a US and global
      Reuters  -  279 words
    • 421 31  -  By BRYAN KOH [SINGAPORE] The building at 37 Mactaggart Road in Macpherson is up for sale by expression of interest, with an indicative price of $26 million. This works out to roughly $612 per square foot on a total gross floor area of
      421 words
    • 377 31  -  It moves up a rank despite softer annual net rents in 2nd half of 2011 By MICHELLE TAN [SINGAPORE] Despite softer annual net rents during the second half of 2011, Singapore moved up a rank to emerge as the eighth most expensive office location
      377 words
    • 485 32 IPO raises about US$600m, the biggest in Thailand since May 2006 Reuters [BANGKOK] The property fund of Tesco’s Thai unit jumped nearly 10 per cent in its trading debut yesterday as investors who were shut out of Thailand’s largest IPO in six years scrambled
      Reuters; REUTERS  -  485 words
    • 664 32 Bloomberg [SHANGHAI] China’s February home prices posted the worst performance in a year with almost half of the cities monitored by the government falling from a year ago as the country maintained curbs on the property market. New home prices fell
      Bloomberg  -  664 words
  • Page 30 Advertisements
    • 238 30 Dream office, fully equipped, perfect price? Yes. Offices from $25 per person per day Reg us Work your way New centre: Tanjong Pagar 77 Robinson Road, #34-00 Robinson 77, Singapore Other locations in Singapore: Asia Square Centennial Tower One Fullerton One Raffles Place Samsung Hub DOB Plaza 1 Centre 1
      238 words
    • 274 30 SAFFRON London Singapore Hong Kong CENTRAL LONDON PROPERTY AGENT LONDON PROPERmni* OWNERS qos LET YOUR APARTMENT TODAY XQ OUR CORPORATE TENANTS WAITING LETTING FEE SAFFRON RENT A LONDON PROPERTY EVERY 30 MINUTES Baltimore Wharf ChelseaCreek Merchant Sq Caspian Wharf St Williams Court Neo Bankside For Immediate Rental with RENT GUARANTEE
      274 words
    • 117 30 D1 li «j.5r _Rare freehold Commercial Robinson Best Investment! Sell anytime. TOR: 2017 237 units Only 5 mins to MRT Office size: 947 1346sqft Shop: 118 409sqft Call Alex 8488 8851 to book your choice unit now Huttons realestategroup No: L*****99K CEA No: R*****4E Ik Oxley Tower (Freehold) 138 Robinson
      117 words

  • Page 31 Advertisements
    • 300 31 RARE PRIME OFFICE STRATA FLOORS FOR SALE BY EXPRESSION OF INTEREST Actual view from 24 floor Top 3 (22nd to 24th) floors of Tung Centre, Raffles Place Strata area of approximately 29,159 sq ft prime office space Unobstructed views of Marina Bay Large floor plate of approximately 9,720 sq ft
      300 words
    • 240 31 LONDON FURNISHING SOLUTIONS We specialise in contemporary furnishing packages for London rental properties that minimize your voids and maximize your rental! Co-ordinated, complete furnishing packs from ONLY GBP 1,750 Bespoke home design and full refurbishment service All budgets: Studios, 1 beds, 2 beds and 3 beds In-house design team with
      240 words

  • Page 32 Advertisements
    • 95 32 ti iter- Gt ti 3 rwn// Introducing in Singapore i/ am $tW7l/ will be holding a trunk show with a wide choice of exclusive fabrics and is lookingforward to take your personal measurements lN I Unique offer Super 130’S &150’S wool suits from SGD 8200 Dates: from 26 to 28
      95 words