The Business Times, 27 March 2012

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Total Pages: 37
1 38 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, March 27, 2012
    25 words
  • 696 1  -  Financial Advisory Industry Review aimed to protect and benefit consumer, it says By KENNETH LIM [SINGAPORE] As its 50th anniversary gift, the Life Insurance Association (LIA) got this message from the Monetary Authority of Singapore (MAS): The advisory industry has to
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  • 571 1  -  By NISHA RAMCHANDANI [SINGAPORE] In a move aimed at giving businesses from all sectors more flexibility, the Ministry of Manpower (MOM) is extending the maximum period of employment for unskilled work permit holders from China and non-traditional sources from six years to
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  • MARKETS DIGEST
    • 110 1 HST INDEX 2,974.50 (-15.58) HST INDEX FUTURES 2,975.00 (-15.00) HSIMSCI 344.05 (-2.29) HSIMSCI FUTURES 344.60 (-1.80) us$ s$ US$ (S$ per US$) 1.263 (US$/S$ per 1.585 2.002 EURO (US$/S$/E) 1.326 1.674 Foreign currency per US$ S$ YEN 82.80 65.50 RM 3.080 2.439 HK$ 7.768 6.152 BAHT 30.78 24.37 RUPIAH
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    • 19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.627 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
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  • 569 1  - Allen Gledhill, Allen Overy end alliance talks By GRACE LEONG [SINGAPORE] A much-antic-ipated alliance between Big 4 law firm Allen Gledhill LLP and Allen Overy, one of the world’s elite law firms, will not be happening, officials with the two firms told BT. At the same time, Allen Gledhill also
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  • Page 1 Advertisements
    • 221 1 COMMENTARY The Leung and the short of HK’s tough new chief PAGE 30 PROPERTY S’pore buyers snap up E&O’s Penang projects PAGE 35 SME Inc Turning childhood passion into reality PAGE 14 HOCK LOCK SIEW Don’t read too much into the STI at 3,000 PAGE 4 *****1 *****4 RULE N°
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  • TOP STORIES
    • 556 2 MAS to review advisory industry in a big way AS its 50th anniversary gift, the Life Insurance Association got this message from the Monetary Authority of Singapore: The advisory industry has to do better. The regulator is embarking on a wide-ranging review of the financial advisory landscape to
      556 words
    • 673 2  -  Pro-rated payment of 1.618 months for ministers and other political post holders By CHUANG PECK MING [SINGAPORE] The National Bonus, to be given to ministers and other political appointment holders under a new formula, works out to be 2.625 months for
      673 words
    • 644 2  -  By MALMINDERJIT SINGH [SINGAPORE] Manufacturing’s rebound from January’s contraction to grow 12.1 per cent year-on-year in February disappointed market expectations for a 16.6 per cent jump after non-oil domestic exports’ surprise surge last month. This “lacklustre” industrial performance points to “lingering uncertainties”
      644 words
    • 577 2  - Voter rolls update by-election soon? By KELLY TAY [SINGAPORE] Just eight months after the registers of electors were last updated in July, the Elections Department (ELD) yesterday said that the nation’s voter rolls will be updated again on April 13 which could set the stage for a by-elec-tion in Hougang
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    • 51 2 IN “Creative Master receives delisting notification from SGX” (BT, March 24), we wrongly said that trading of the company’s shares was suspended on March 23. Suspension starts only on April 24 and the shares will remain suspended until completion of the cash exit offer. We are sorry for the
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    • 889 3  -  Some of them are likely to be priced slightly below nearby projects By KALPANA RASHIWALA [SINGAPORE] A string of projects is coming on the market this week, and some of them could be priced slightly below nearby projects as developers who fret about further cooling
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    • 637 3  -  By JOYCE HOOI [SINGAPORE] Even as all viewers gain access to football content on an a la carte basis for the first time here, Uefa’s muscle-flexing has made the Euro 2012 a pricier dish to serve. StarHub unveiled subscription rates for the
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  • Page 3 Advertisements
    • 95 3 o <0* LOUIS VUITTON i' OFFICIAL TIMEKEEPER OF THE AMERICA'S CUI* 1 i a 3 •I 4 it x n iii o<* fSt Q* 5, J- V>/ V. #5? ■B > m 30 ,V i LIMERICK CUP SVVI MADE I 30 I i Adf BWO' P" N «r *Vs V.;;
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  • COMPANY NEWS
    • 419 4  -  Prominent lawyer and Quah Wee Ghee also step down from SGX committees By LYNETTE KHOO THE Singapore Exchange (SGX) made several changes to its board composition yesterday that saw two independent directors (IDs), including Davinder Singh, being redesignated as non-independent because of their business
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    • 358 4  -  Contract secured by Cosco Shipyard from European shipowner By LYNN KAN COSCO Corporation’s 51 per cent owned shipyard will build a US$150 million vessel purpose-built to install offshore wind turbines. Cosco Shipyard Group Co secured the contract from a European shipowner, a repeat customer for
      358 words
    • 674 4  -  Earning expectations lowest in Singapore and Hong Kong By JASMINE NG EARNINGS may prove to be the biggest driver of valuations for Asian equities this year, but some analysts are not holding their breathfor significant upgrades. Although earnings are now higher than
      AP  -  674 words
    • 717 4  -  HOCK LOCK SIEW By R SIVANITHY OVER the past month, the 3,000 mark has emerged as a sort of holy grail for the Straits Times Index, a level that when surmounted is greeted with a curious mixture of awe and
      717 words
    • 457 6  -  Issuance surges to new record as deals balloon in value in year-to-date period CORPORATE FUNDRAISING By JAMIE LEE TOTAL value of debt issues in South-east Asia year to date has hit a new record of US$36.1 billion, nearly doubling from the last record level,
      Source: Dealogic  -  457 words
    • 393 6  -  It also plans to boost number of hotel properties By NISHA RAMCHANDANI GLOBAL Premium Hotels, the hospitality arm of property company Fragrance Group, is eyeing a listing on the Singapore Exchange (SGX), having lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday. The
      393 words
    • 366 6  -  By LIM WEI SHENG INDONESIAN palm oil company Bumitama Agri lodged a preliminary prospectus for an initial public offering of about 298 million shares yesterday. Bumitama is a producer of crude palm oil and palm kernel that undertakes cultivation, processing and
      366 words
    • 366 6  -  By EMILYN YAP VIZ BRANZ executive director and founder Chng Khoon Peng has lodged a complaint with the Commercial Affairs Department (CAD) against the beverage firm’s managing director and deputy chairman, Ben Chng Beng Beng, who is also his son. The elder Mr
      366 words
    • 544 9  -  It’s full steam ahead for the oil terminal following Sinopec’s partnership move By RONNIE LIM SINGAPORE-BASED oil trader Concord Energy’s US$300 million-plus oil terminal project in Fujairah in the United Arab Emirates, like other oil storage ventures there, is getting a boost from current
      544 words
    • COMPANY BRIEFS
      • 34 9 SWIBER Holdings Ltd, an integrated construction and support services provider to the offshore industry, has secured a US$273 million contract for offshore construction work in the Gulf of Mexico.
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      • 54 9 AFP [JOHANNESBURG, South Africa] South African Airways and Singapore Airlines have been fined for price-fixing on routes between Johannesburg and Hong Kong, the anti-trust authority said yesterday. SAA was fined 18.8 million rands (US$2.5 million) and SIA 25.1 million rands, the Competition Commission said
        – AFP  -  54 words
      • 99 9 SINGAPORE Press Holdings will increase its stake in Blu Inc (Holdings) Malaysia Sdn Bhd by 20 per cent through subsidiary SPH Magazines. The unit has signed a term sheet with Simpletech Sdn Bhd, Azliza Ahmad Tajuddin and Doubleicon Sdn Bhd. The
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    • 348 9  -  Remaining 49% of York Transport stake sold for $22m By CARINE LEE SINGAPORE-listed Baker Technology yesterday announced that it will sell its remaining 49 per cent stake in its associated company, York Transport Equipment (Asia) Pte Ltd, to TRF Ltd for $22.18
      348 words
    • 309 9  -  By KENNETH LIM TRADITIONAL Chinese medicine retailer Eu Yan Sang has clinched a key licence to sell prescription drugs and Chinese herbal medicine in China. The first Eu Yan Sang pharmacy will open in Dongguan later this year, and
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  • Page 4 Advertisements
    • 1233 4 MEIBAN GROUP LTD (Company Registration Number *****2811M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 25th Annual General Meeting of Meiban Group Ltd will be held at Katong Room, Level 3, Grand Mercure Roxy Hotel, 50 East Coast Road, Roxy Square, Singapore *****9 on 18 April 2012
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  • Page 5 Advertisements
    • 103 5 Best SME Bank We owe it all to you Best SME Banking International Excellence in Retail Financial Services Awards The Asian Banker-2012 Best ASEAN SME Bank Asian Bankingand Finance-2011 Best SME Bank in Singapore Global Banking Finance Review- 2012 Alpha Southeast Asia 2010, 2011 Best SME Bank for Working Capital
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  • Page 6 Advertisements
    • 2338 6 Trust (Constituted in the Republic of Singapore pursuant to a trust deed dated 6 February 2004 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the holders of units of CapitaCommercial Trust (“CCT”, and the holders of units of CCT, “Unitholders”)
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  • Page 7 Advertisements
    • 248 7 PATEK PHILIPPE GENEVE Begin your own tradition. n 3“ crq as 37T 3“ n £LT3 o cr K I UJ O a gfrwWflp i' 2 5f\1 o family-owned watch company, we are committed to restoring and maintaining all our watches. Including those made in 1839” The master watchmakers in our
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  • SINGAPORE MARKETS
    • 587 8  -  Turnover remains low, with only 1.7b units worth 1.04b traded; MDR is day’s most active counter STOCKS R SIVANITHY Senior Correspondent STOCKS yesterday continued along the lines that have characterised trading for most of this month drifting within a narrow band with a downward bias
      Source: Bloomberg  -  587 words
    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 40 57 39 7 9 6 47 66 45 Commerce 17 22 18 2 2 4 19 24 22 Tpt/Stor/Comms 6 19 17
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 16,155 16,155 34,523 34,523 Manufacturing 315,813 65,695 381,508 167,993 4,407 172,400 Commerce 152,698 3,920 156,618 102,229 240 102,469 Tpt/Stor/Comms 98,322 15,083 113,405 139,885 3,451 143,336 Finance 14,253 1,090 15,343 114,762 239 115,001 Construction 158,503 4,989
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    • 109 8 Stock name Close Change CapMallsAsia 1.675 CapitaLand 3.040 -0.020 CapitaMall 1.790 -0.015 CityDev 10.930 -0.210 ComfortDelGro 1.510 -0.010 DBS Grp 14.060 -0.120 F&N 6.840 -0.080 GLP 2.110 -0.010 Genting SP 1.705 -0.035 Golden Agri 0.760 +0.005 HK Land 5.510 +0.010 JMH 49.990 +0.150 JSH 31.190 -0.010
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    • 66 8 Mar 26 VALUE CLOSE BT OB/OS 164.00 -7.00 BT CADI -*****.00 -60.00 BT 10-day MA -*****.00 +17.00 FTSE ST Mid Cap 691.04 -1.95 FTSE ST Small Cap 465.46 -0.82 FTSE ST All Share 721.00 -3.37 FTSE ST China Top 225.16 -1.75 FTSE ST China 251.28 -0.85 FTSE
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    • 63 8 VOLUME MDR 172,620,000 Genting SP 127,034,000 HLH Grp 82,360,000 Golden Agri 73,011,000 *Genting HK US$ 66,252,000 MDR W*****5 44,562,000 NexGenSCom 43,682,000 Pac Andes R 39,061,000 JEL Corp 35,035,000 CreativMast 32,918,000 VALUE($) Genting SP 218,658,905 Golden Agri 55,838,720 DBS Grp 43,623,430 Wilmar 42,585,750 SingTel 39,931,100 Noble Grp 36,999,470
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    • 926 8  -  Compiled by JOYCE HOOI Genting Hong Kong March 26 close: 41 US cents MAYBANK KIM ENG RESEARCH, March 26 GENTING Hong Kong (GenHK) reported FY2011 revenue of US$515.5 million with a record net profit of US$182.2 million. The results met our expectations and were far ahead of consensus.
      Source: Bloomberg  -  926 words
    • 471 8 CURRENCIES Bloomberg [SEOUL] Asian currencies declined, led by South Korea’s won, as data cast doubt on the strength of the US economic recovery and regional stocks fell. Purchases of new homes in the US dropped 1.6 per cent to a 313,000 annual pace last
      Bloomberg; BLOOMBERG FILE PHOTO  -  471 words
    • 103 8 BY CENTS CLOSE UP GLD 10US$ ***** 50.5 0.2 DBXT FTVietnam 10US$ 2499 37.9 1.2 JMH 4999 18.9 0.3 DBXT MSTHAI 10US$ 1870 17.7 0.8 DBXT MSEurope 10US$ 4469 11.4 0.2 Wilmar.ES.1203 499 11.0 2.3 Hiap Hoe 59 8.0 15.7 Elec Eltek 280 6.3 1.8 Spore Land 597 6.0
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    • 128 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -282.8 -2.1 Lyxor MS India 10US$ 1340 -78.3 -4.4 Lyxor AsiaRE 10US$ 827 -70.7 -6.3 DBXT MSKorea 10US$ 5840 -63.1 -0.8 IS S&P500 ***** -56.8 -0.3 Jardine C&C 4732 -43.0 -0.9 DBXT MSTaiwan 10US$ 1803 -40.4 -1.7 Lyxor Korea 10US$ 514
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 11 9 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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    • 84 9 AWARDED NUMBER IN SINGAPORE FOR CFD E 1 i vssh YSSSSJ IGMARKETS.COM.SG Thank you to Singapore’s traders for recognising our excellent customer service, two years in a row Quality local service is central to our business. 1 1 i IG MARKETS CFD trading can result in losses that exceed your
      84 words

  • SINGAPORE NEWS
    • 545 10  -  EDB partners Tata Capital to help more companies set up headquarters here By MALMINDERJIT SINGH SINGAPORE is systematically looking to attract more Indian businesses here, with a clear target of bringing more SMEs from the sub-continent. The Economic Development Board (EDB) has partnered
      545 words
    • 542 10  -  Origination volume to grow about 5% this year: survey By KENNETH LIM ASIAN syndicated lending volumes are expected to grow this year, despite a slowdown elsewhere in the world, according to an industry survey. “The survey is a validation of the medium-term health
      542 words
    • 391 10  -  By ANNA TEO in Seoul COMBATING the threat of nuclear terrorism may be the subject on the agenda, but a global gathering like the Nuclear Security Summit provides as well an opportunity for world leaders to catch up
      REUTERS  -  391 words
    • 493 10  -  By GRACE LEONG AN Australian finance lawyer has failed in a bid to get the High Court to invalidate a move by Australia and New Zealand Banking Group Ltd (ANZ) to redenominate his mortgage loan, which he claims was done without his
      493 words
    • SINGAPORE ROUND-UP
      • 124 10 FOREIGN visitors and residents returning from abroad will enjoy more Goods and Services Tax (GST) relief on goods they bring into Singapore for personal use. Those who spend more than 48 hours abroad need not pay the 7 per cent GST on up
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      • 87 10 OCBC Bank will extend its “Pay Any Card” service to allow its customers to pay the bills of any bank’s credit cards via iPads and OCBC Bank ATMS later this year. Launched last month, the service already allows its customers to pay all Visa,
        87 words
      • 68 10 MOTORISTS may soon be able to pay parking fees directly using NETS bank ATM cards, should their NETS CashCard run out of funds. NETS is working with car park payment solution providers to enable a new NETS EFTPOS payment option at car park exits
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      • 78 10 THE Land Transport Authority has completed the expansion of three of the 35 major bus stops picked to become “bus hubs” four months ahead of schedule. The larger bus bays at Bedok Reservoir Road, Woodlands Centre Road and Commonwealth Avenue West can now accommodate three single
        78 words
  • Page 10 Advertisements
    • 148 10 Open up your dreams Satisfaction attached.' Print. Copy. Scan. Fax. c CCL.'l O c u O 2 <E Q. -*II MC561dnl= S.R.P. $1299 PRINT SPEED (PPM): 26Colour/30Mono A4 Digital LED Colour MFP Print, Copy, Scan, Fax Double-sided Auto Print Double-sided Auto Scan Copy Convenient ID Card Copy Direct Fax to
      148 words

  • SME Inc
    • 978 11  -  Engage SMU profs LOCKNIE HSU Locknie Hsu is an associate professor of law at the School of Law, Singapore Management University Q: More SMEs are expanding their footprint overseas. In the area of international trade, what are some aspects that SMEs should look out for/pay
      FILE PHOTO  -  978 words
    • 707 12  -  Local SMEs will share their stories at Thursday’s S’pore Brand Conference By NARENDRA AGGARWAL WITH many branding books in the market featuring global examples and consumer businesses, hearing speakers from homegrown companies such as Chemilink Technologies Group and Amos International would probably provide a
      FILE PHOTO  -  707 words
    • 852 12  -  COMMENTARY By NITIN PANGARKAR The writer is associate professor at the department of strategy and policy, NUS Business School THOUGH many of us might be using the various products in the Tiger Balm family for alleviating aches and pains, such as the traditional
      852 words
    • 1395 14  -  Under the stewardship of its MD, Toby Koh, Ademco Security Group boasts a 98% client-retention rate By BRYAN KOH RARELY does one have the opportunity to turn a childhood passion into a full-time obsession. A chip off the old block, Toby Koh, managing director
      ARTHUR LEE  -  1,395 words
  • Page 11 Advertisements
    • 115 11 HAVE a pressing question about a business-related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and
      115 words
    • 83 11 English Workplace BETTER COMMUNICATION, GREATER EFFICIENCY, HIGHER PRODUCTIVE ©SINGAPORE WORKFORCE SKILLS QUALIFICATIONS <• v Serve Confidently with Effective Communication English Workplace brings customised English courses to your workplace. Your staff will be able to: Communicate better s/ Enhance their personal effectiveness V' Improve individual and team performance Sign up for
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  • 730 12 A special focus by Singapore Sports Council Sports is an excellent platform for companies to groom leadership talent Motivate, unite and inspire. The ability to do those things is as critical to winning in the sporting arena as it is in the business
    730 words

  • Page 13 Advertisements
    • 207 13 i mageCLASS Canon Delighting You Always Let your efficiency fly with SEND Technology Share Folder V Networked PC Email inboxes mon iL Forward scans virtually anywhere even via a USB Flashdrive! h SEND SCAN PC Quick Start Up Scan-and-send to email/SMB Scan to PC option of 11 seconds from power-on
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  • Page 14 Advertisements
    • 191 14 A A TO BE AMONG THE BEST IN CORPORATE EXCELLENCE Nominations are now open for deserving individuals and companies to shine at the 7th annual Singapore Corporate Awards. So if you have shown exemplary standards in corporate governance, set new benchmarks in corporate disclosure standards, and adhered to a commendable
      191 words

  • Page 15 Advertisements
    • 3335 15 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) Notice of Annual General Meeting/Closure of Books ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the annual general meeting of Keppel Telecommunications Transportation Ltd (the “Company”) to be held at Swissotel Merchant Court, Merchant Court Ballroom B
      3,335 words
    • 160 15 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTERS OF (1) POLAR MARINE I PTE. LTD. Reg No. *****2543R (2) POLAR MARINE II PTE. LTD. Reg No. *****2574E (All In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308
      160 words

  • ECONOMY WATCH
    • 645 16 Okonjo-Iweala of Nigeria cites shifting of the world’s balance of power Reuters [WASHINGTON] Emerging economies must be given a fair shot at leading the institutions at the heart of global finance or they will end up going their own way, a challenger for
      Reuters; REUTERS  -  645 words
    • 594 16 Reuters [BEIJING] When two of China’s most influential government policy think tanks highlight the risk that growth will weaken on the same day that a widely watched indicator fails to signal an expected upturn, investors are naturally nervous. The question is
      Reuters  -  594 words
    • 306 16 Reuters [HANOI] Vietnam’s economic growth in the first quarter of 2012 may have slowed to a three-year low, according to government estimates. First-quarter growth slowed to 4 per cent from a year ago, the lowest rate since January-March 2009. The South-east Asian economy grew 6.1 per
      Reuters  -  306 words
  • Page 16 Advertisements
    • 1919 16 FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) MANAGED BY FSL TRUST MANAGEMENT PTE. LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****2265R (as Trustee-Manager of First Ship Lease Trust) NOTICE OF ANNUAL GENERAL MEETING OF
      1,919 words

  • MALAYSIA
    • 611 17 He also calls for tighter cost controls to make the sport more affordable AFP [SEPANG, Malaysia] Caterham boss Tony Fernandes has thrown his support behind a sale of shares in Formula One and called for tighter cost controls to make the sport more affordable.
      AFP  -  611 words
    • 479 17  -  His move comes amid talk of general election in the air By S JAYASANKARAN in Kuala Lumpur IN a sign of the times, a former Malaysian Cabinet minister declared yesterday that he would not rule out the possibility of joining the opposition Pakatan Rakyat
      479 words
  • Page 17 Advertisements
    • 826 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YH ETERNAL INVESTMENT PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****4477M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 19 th day of March
      826 words
    • 307 17 J.P. Morgan Fixed Income Funds Step up your income with J.P. Morgan Fixed Income Funds. J.P. Morgan Fixed Income Funds offer portfolio diversification for those who recognise the value of long-term opportunities in times of market volatility. With a comprehensive range of fixed income funds, J.P. Morgan Asset Management’s global
      307 words

  • GREATER CHINA/ INDIA
    • 718 18 Both opportunities and risks seen as Beijing allows wider currency moves Reuters [HONG KONG] For players in China’s tightly corseted currency market, the authorities’ loosening of the strings this month to allow wider yuan moves has boosted both opportunities for short-term profit,
      Reuters; REUTERS  -  718 words
    • 654 18 Bloomberg [MUMBAI] Tata Communications Ltd’s plan to bid for the UK’s Cable Wireless Worldwide Plc is raising concerns in the debt market. The long-distance telephone company, part of India’s biggest group that acquired UK firms including Jaguar Land Rover and Corus
      Bloomberg  -  654 words
  • Page 18 Advertisements
    • 92 18 n A The revamped Lianhe Zaobao Mil engage like no other Chinese newspaper. Gain greater knowledge and know-how through expert advice, insightful analyses and strategic directions. JSr J 3p iaiC 4? m > g SBJooaw** ..SSS5 rp ri-> Tt/r <£. 1IX massi&w* DIMM ’I** 9 S&Jigs r^c: •2014* aR fWM»
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  • WORLD
    • 697 19 US regulators now open to revising plan to halt banks’ speculative trades Bloomberg [WASHINGTON] The fight over the Volcker rule is shifting in Wall Street’s favour. After a four-month lobbying blitz led by firms including Goldman Sachs Group Inc, JPMorgan Chase Co
      Bloomberg; PHOTO: BLOOMBERG  -  697 words
    • 805 19 Arts lovers in US are starting to feel the results of cutbacks NYT [NEW YORK] European governments are cutting their support for culture, and American arts lovers are starting to feel the results. In Italy, the world-fa-mous opera house
      NYT; REUTERS  -  805 words
    • 726 22 If upheld, the law will change the medical insurance business and practices drastically AP [WASHINGTON] The monumental fight over a health care law that touches all Americans and divides them sharply comes before the US Supreme Court this week, where the judges
      AP  -  726 words
    • 299 22 AP [NEW YORK] Internet company Yahoo has appointed three members to its board of directors, gearing up for a proxy fight with one of its largest shareholders. The announcement on Sunday comes four days aft er T h i r d P
      AP  -  299 words
    • 821 22 Flattening in terms of trade signals leaner times ahead Reuters [SYDNEY] Australia has benefited hugely as the rise of China boosted the value of its commodity exports to stratospheric heights, gifting the country with mountains of cash. But years of living off the
      Reuters; REUTERS  -  821 words
    • 630 22 AFP [WITTEN, Germany] Visitors to Witten in western Germany could be forgiven for thinking they had landed in the ex-com-munist east, where dreams of renewal since the Berlin Wall’s fall have often given way to bitter disappointment. A ramshackle town hall, potholed streets,
      AFP  -  630 words
    • 595 22 Bloomberg [TOKYO] Tokyo Electric Power, facing a US$20-bil-lion-and-counting compensation bill for the Fukushima disaster, has a week to produce a business plan that includes a request for government aid and will lead to nationalisation of what was once the world’s biggest private power
      Bloomberg  -  595 words
    • 574 24 Quicker expansion needed to produce enough jobs to bring down jobless rate Reuters [WASHINGTON] The US economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate, Federal Reserve chairman Ben Bernanke said yesterday, tamping
      Reuters  -  574 words
    • 412 24 LATEST US DATA Reuters AP [WASHINGTON] The number of Americans who signed contracts to buy US homes dipped in February from nearly a two-year high. The National Association of Realtors said yesterday that its index of sales agreements declined 0.5 per cent last month
      Reuters; AP  -  412 words
    • 384 24 AFP [FRANKFURT] German business confidence, which has surged in recent months, continued to hold up in March, data showed yesterday, even if Europe’s biggest economy could be losing some of its momentum. Nevertheless, analysts were confident that, after the eurozone debt crisis brought German
      AFP; REUTERS  -  384 words
    • BRIEFING
      • 117 24 Bloomberg [WASHINGTON] Jon Corzine, MF Global Holding’s former chief executive officer, may face potential legal liability if investigators show he knew customer money might be used when he ordered US$200 million transferred to a UK account as his brokerage neared collapse, former
        Bloomberg  -  117 words
      • 154 24 Bloomberg [HONG KONG] ING Groep NV, the largest Dutch financial-services company, is seeking at least US$7 billion for its Asian insurance business and has drawn interest from potential suitors including MetLife Inc, said people with knowledge of the matter.
        Bloomberg  -  154 words
      • 130 24 Reuters [LONDON] Coutts, the exclusive private bank owned by Royal Bank of Scotland, got an £8.75 million (S$17.2 million) fine from Britain’s financial regulator for failings in its anti-money laundering controls its second in four months. The latest fine follows a
        Reuters  -  130 words
    • 352 24 AP [ORLANDO] Two weeks after another injury scare and two days before his former coach’s book goes on sale, Tiger Woods looked dominant as ever in that red shirt on Sunday to win the Arnold Palmer Invitational. It was his first
      AP  -  352 words
    • 807 26 Tougher China trademark laws might work against Apple APPLE IN CHINA Bloomberg [HONG KONG] China is proposing improvements to its 30-year-old trademark law that help household names from abroad better protect their rights. Apple Inc, in its dispute over the iPad name, might be better
      Bloomberg; REUTERS  -  807 words
    • 837 26 Same-day launch of iPad in 10 territories adds blow to smuggling Reuters [SAN FRANCISCO] Early on the morning of March 16, Wong Tat joined a line of about 100 people waiting for the launch of the new iPad in a chilly rain outside
      Reuters  -  837 words
    • 537 26 Reuters [NEW YORK] Disagreement emerged on Sunday over the re-listing of an electronic stock exchange that suffered a high-profile crash last week, a breakdown that forced it to unwind its initial public offering of shares. Dave Cummings, the outspoken founder and a
      Reuters  -  537 words
    • 633 26 Deal twins dominant equity exchange and futures platform Bloomberg [TOKYO] As stock exchange mergers crumbled from Frankfurt and New York to Singapore and Sydney, traders have become only more convinced that Japan’s plan to combine its biggest bourses is the best bet
      Bloomberg; BLOOMBERG  -  633 words
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    • 2086 19 JEP HOLDINGS LTD. Company Registration No. *****1749E (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JEP Holdings Ltd. (“the Company”) will be held at 44 Changi South Street 1, Singapore *****2 on Wednesday, 18 April 2012 at
      2,086 words

  • Page 20/21 Advertisements
    • 218 20/21 X t ry IMlS§^ r?AM p gL-U Bsniip r TB| -'r. MMm ~>r aiilaPi SteagsssaK'im^ Be m THE ED. JL •rfincHonc M INTERNATIONAL www.tanchong.com Tan Chong Motor Sales Pte Ltd www.nissan.com.sg V. Yi NISSAN SHIFT the way you move V* an f V ALL-NEW NISSAN ELGRAND World’s First Luxury Mobile
      218 words


  • Page 23 Advertisements
    • 2633 23 ZAGRO ASIA LIMITED Registration No. *****6784D (Incorporated in the Republic of Singapore) (the Company) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Seventeenth Annual General Meeting of the Company will be held at Zagro Global Hub, 5 Woodlands Terrace #06-00, Singapore *****0, on Monday, the 30th day
      2,633 words
    • 2730 23 GLOBAL INVESTMENTS LIMITED (Company Registration Number: EC*****) (Incorporated in Bermuda on 24 April 2006) NOTICE OF 2012 ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2012 Annual General Meeting of Global Investments Limited (the “Company”) will be held at Holiday Inn Singapore Orchard City Centre (formerly known as Holiday
      2,730 words

  • Page 24 Advertisements
    • 1744 24 >®t WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KOON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No, *****3284M, ARBN 105 734 709 NOTICE OF ANNUAL GENERAL MEETING N NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of the Company will be held at 48
      1,744 words

  • Page 25 Advertisements
    • 3250 25 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole
      3,250 words
    • 2146 25 TECHCOMP (HOLDINGS) LIMITED 天美控股有限公 (incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 1298) (Singapore Stock Code:T43) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (the ‘‘AGM’’) of Techcomp (Holdings) Limited (the ‘‘Company’’) will be held at
      2,146 words


  • AVIATION
    • 412 27  -  It is slated to start up next year with a fleet of three Airbus A320s By JOYCE HOOI [SINGAPORE] CHINA Eastern Airlines and the Qantas Group are jointly setting up Jetstar Hong Kong the first low-cost carrier based in Hong Kong.
      AFP FILE PHOTOS  -  412 words
    • 278 27 Bloomberg [BERLIN] Germany set aside more funds to build a bigger stake in European Aeronautic, Defence Space Co (EADS) that would create parity with France as it seeks to boost the German work-share on Airbus SAS aircraft. The government reserved an additional 600
      Bloomberg  -  278 words
    • 512 27 Xinhua [JERUSALEM] Israel and the European Union last Thursday signed a memorandum of understanding to open up Israeli skies to increased intentional air traffic, but likely at the expense of local carriers. If the Knesset parliament passes the deal, then over a five-year
      Xinhua  -  512 words
    • 1021 27 Reuters [SINGAPORE] It’s a scene repeated endlessly at most of South-east Asia’s main airports planes forced to circle overhead or idle on the tarmac and travellers stuck in serpentine queues at immigration desks, security checkpoints and baggage carousels. And it’s likely
      Reuters; REUTERS  -  1,021 words
    • 577 27 If successful, the US$15b trainer jets deal may its biggest Bloomberg [SEOUL] Korea Aerospace Industries Ltd, South Korea’s largest planemaker, expects the US Air Force to start a US$15 billion tender for trainer jets this year, kicking off a contest that may result in
      Bloomberg  -  577 words
  • Page 27 Miscellaneous
    • 298 27 CRYPTIC CROSSWORD Across 1 Settled camp enclosing one’s settlement (12) 8 Scotsman’s tatty accompaniment? (5) 9 Isolation’s over with good man facing apartheid (9) 11 A French aroma preceded getting separated (9) 12 Starts to stand up, riding foaming sea (5) 13 Filled initially working trowel around palmetto ends? (9)
      298 words

  • SHIPPING
    • 497 28  -  They need bank help since they’re not ‘sitting on endless balance sheets’ By LYNN KAN [SINGAPORE] Shipyards extending financing to shipowners will not be in direct competition with ship-fi-nancing banks, said Standard Chartered Bank yesterday. “We can work together as well. Shipyards also need
      497 words
    • 1041 28 European banks curtailing lending to the sector Bloomberg [DUBAI] Persian Gulf shipping companies are turning to the region’s banks to fund new purchases of oil tankers and natural gas transport vessels as European banks curtail their activity in the sector. Dubai-based shipping company Stanford
      Bloomberg; REUTERS FILE PHOTO  -  1,041 words
    • 425 28  -  By LYNN KAN [SINGAPORE] With piracy migrating to West African nations such as Nigeria and Benin, the Asian Shipowners Forum (ASF) is further urging the United Nations (UN) to step in with more concrete measures to protect merchant ships and seafarers. “The
      425 words
    • 253 28 SGX '000 Mar 26 S$ +/-Vol CH Offshore 0.40 unch 683 Chuan Hup Hldg 0.23 unch 113 Cosco Corp 1.15 -0.02 ***** Mar 26 s$ First Ship Lea 0.21 unch 603 Freight Links 0.06 unch 460 Grand Banks unch unch 0 Jaya Hold Ltd 0.55 -0.01 1695 K1Ventures
      253 words
    • 318 28 AP [BRUSSELS] The EU will expand its seagoing anti-pira-cy mission to include for the first time the Somali coast itself and waterways inside the country, the bloc said. The expansion of the operation appears to herald a significant shift in strategy from a
      AP  -  318 words
    • 829 28 Reuters [LONDON] A slump in world freight threatens to sink Italian shipping firm Deiulemar Compagnia di Navigazione, hurting thousands of small investors who fear it issued around 550 million euros (S$909 million) of bonds that were not on the balance sheet while
      Reuters  -  829 words

  • 2252 29 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 STXPO TBN
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  • Page 29 Advertisements

  • EDITORIAL & OPINION
    • 488 30 EDITORIAL A COUPLE of recent international accolades appear to confirm that innovation is alive and well in Singapore. That is welcome news, given the realisation that with the Republic’s resource constraints, being innovative is increasingly important to productivity and growth. Still, with more nations and economies
      488 words
    • 819 30  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent PRESIDENT Barack Obama’s decision to nominate the relatively unknown university administrator and health expert Jim Yong Kim as US choice for the next president of the World Bank shows neither informed nor inspired
      819 words
    • 1178 30  -  His style will be very different from the way Tung and Tsang managed the territory By SHU-CHING JEAN CHEN The writer is a contributor based in Hong Kong LEUNG Chun-ying, the incoming chief executive of the Hong Kong government, may
      BLOOMBERG  -  1,178 words
    • 1107 31  -  With debt crisis pushing France’s banks and economy to the wall, something will have to give, and soon By BRIGITTE GRANVILLE The writer is professor of international economics and economic policy at Queen Mary, University of London, and the author of the forthcoming book, ‘Remembering
      – Project Syndicate; BLOOMBERG  -  1,107 words
    • 844 31  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT WHEN US president Barack Obama made his visit to India in November 2010, the main thrust of his visit was to formalise increased exports from the US. Preceding his visit,
      AFP  -  844 words


  • SINGAPORE STOCKS
    • 1303 32 Transaction date: Mar 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 112.5 92.5 AIMSAMPIReit 112.5 +1 208 112.5 111
      1,303 words
    • 240 33 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 5202 0.4 0.3 0.3 0.4 6.6 Last Quote Div Gr Yld Net M Cap High
      240 words
    • 7275 33 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 1.03/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond ....1.0014/ China Opportunities .2.8239/
      7,275 words
    • 229 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US41 +1.5 ***** 41 39.5 40.5 41 2699.7 Vol 205 168 TanChongInt HK199cd 191 199 2.9 2.5 13.8 4007.7 STOCK PRICES
      229 words
    • 922 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 100 CIMB APAC Div 100US$ US100 -0.9 4 100 100 99 99.9 10.5 1261 856 CIMBAsean40 100US$ US1052cd 1045 1050 165 ***** ***** DBXT AUD
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  • FINANCE & COMMODITIES
    • 589 34 Mar 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.10 *****.20 *****.05 Jun12 9940.00 9990.00 9845.00 9960.00 ***** *****8 Sep12 9940.00 9940.00 9940.00 9960.00 32 1277 MSCI TAIWAN INDEX FUTURES SPOT 287.43 287.43 282.25 Mar12 286.40 288.10 281.40 282.20 ***** *****7 Apr12 286.30 288.10
      589 words
    • 373 34 In local curr In S$ In US$ dy yr dy yr dy yr Mar 23 Index Change Change Change Change Change Change World Preliminary 915.2 0.0 10.3 -0.1 7.6 0.2 10.5 EAFE Preliminary 749.9 -0.2 9.9 -0.1 7.3 0.2 10.2 Europe Preliminary 1109.0 0.1 8.0
      373 words
    • 88 34 Anj/ii3 WoviA IN 2 wwvutim rnmM IU‘ fWUUW civinuju HIVI unit ViU muoi niiaoorMoui aaitHUi *1fOM \l4ifS t MLii IKjcI i2i mm bn Aidmuoy Rir 1 fl*3 f L*II 1 H57 tn iwnwini t 0*4 i n# T im 7lf.‘ CASE MFTAl aoppmoi ►MVim. OlT UH IWIIGX
      88 words
    • 107 34 Mar 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1365.75 1349.50 1369.50 1349.50 Jul 12 1371.75 1356.75 1376.25 1356.75 Aug 12 1362.75 1348.50 1366.25 1352.00 Sep 12 1341.25 1328.25 1346.00 1338.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 54.88
      107 words
    • 76 34 CRUDE OIL PRODUCTS Mar 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 125.13 2.34 WTI (Near Mth) 106.89 1.90 Dubai (1-Mth F) 121.31 0.96 Tapis blend 130.71 0.92 Minas 130.51 0.92 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 117.72 0.16 Jet Kerosene 135.76 -0.12 US$/barrel OpecOil Basket
      76 words
    • 23 34 Mar 26 S$ S$ Bid Offer 1-month 1.2626 1.2630 2-months 1.2626 1.2629 3-months 1.2625 1.2628 6-months 1.2618 1.2622 Source: OCBC
      23 words
    • 64 34 Mar 23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2135.00 2128.50 3 months 2174.00 2167.00 Copper, Grade A(US$/tonne) Cash 8407.50 8324.50 3 months 8380.00 8290.00 Lead(US$/tonne) Cash 1989.00 1978.50 3 months 1995.00 1983.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • 79 34 Mar 23 COCOA (£/tonne) Close Prev High/Low May 12 1492 1494 1494/1466 Jul 12 1509 1500 1510/1483 Sep 12 1515 1506 1516/1490 Dec 12 1520 1521/1498 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2013 2000 2010/2010 May 12 2033 2008 2039/1994 Jul 12 2021 2002 2027/1989 Sep 12 2026 2013
      79 words
    • 467 34 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 (’000) Conv Baker Technology Ltd W*****6 3 1 32 13 10.33 8 Exer Price Prem Disc Gearing Expiry Mths Left Asia-Pacific Strategic
      467 words
    • 470 34 Mar 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.043 6.595 0.788 8.117 53.632 96.005 0.865 11.920 3.218 1.281 94.855 45.011 1.320 8.025 0.950 30.949 32.169 0.659 1.045 Canada 0.958 6.321
      470 words
    • 55 34 Mar 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
      55 words
    • 140 34 Mar 26 GOLD(US$/oz) Mar 23 Mar 26 Hong Kong 1661.00 1666.20 Mar 26 Mar 22 Mar 23 London 1638.69 1662.78 1639.49 1663.63 Source: Thomson Reuters CAST BAR Mar 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 67 5gm 461 337 10gm
      140 words
    • 81 34 Mar 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 28-Jun-12 0.31 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.07 5-Year N*****0Z 2.375 01-Apr-17 108.55 108.6 108.59 GOVERNMENT BONDS
      81 words
    • 59 34 Mar 26 Mar 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3484.0 3470.0 3500.0 3482.0 409 6822 May 12 3437.0 3436.0 3485.0 3437.0 1582 ***** Jun 12 3440.0 3426.0 3479.0 3430.0 ***** ***** Jul 12
      59 words
    • 155 34 Mar 26 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3190 1.3200 1.0447 1.0452 Canadian dollar 1.2645 1.2649 1.0015 1.0016 Euro 1.6735 1.6742 1.3254 1.3257 NZ dollar 1.0305 1.0314 0.8152 0.8167 Sterling pound 2.0015 2.0022 1.5852
      155 words
    • 121 34 As at 9am Mar 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.35 1.286 Can dollar 1.286 1.237 Euro 1.703 1.638 Sterling pound 2.036 1.958 NZ dollar 1.058 1.008 US dollar 1.278 1.229 Local dollars to 100 units of foreign
      121 words
    • 154 34 Mar 26 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.25 0.15 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
    • 607 35  -  Buyers from S’pore form largest group of foreigners at Quayside, Andaman By CHEAH UI-HOON SINGAPOREAN and Singa-pore-based buyers are leading the growing list of foreigners investing in Malaysian developer Eastern Oriental Berhad’s (E&O) properties in Penang, validating the company’s move to set up
      607 words
    • 396 35 Confidence returns to Dubai, but capital faces supply crunch Xinhua [DUBAI] Rental rates in the United Arab Emirates’ (UAE) two largest cities Dubai and Abu Dhabi developed mixed in the first quarter, Dubai-based real estate services company Asteco said in a
      Xinhua  -  396 words
    • 300 35 Bloomberg [MUMBAI] Demand from potential homebuyers in Mumbai will spur a 10 per cent increase in new homes sales after a 40 per cent drop in 11 months, according to Crisil Ltd, the Indian unit of Standard Poor’s.
      Bloomberg; REUTERS  -  300 words
    • 514 36  -  Supply excess likely when Marina Bay finance centre, Asia Square are ready By MINDY TAN GRADE A office rents may soften by 10 to 15 per cent this year, in light of the expected new completions at Marina Bay Financial Centre and Asia
      514 words
    • 161 36 Reuters [DUBLIN] Falls in Irish house prices accelerated month-on-month in February to 2.2 per cent, from a 1.9 per cent drop in January, tumbling for the 51st month in succession, official data showed yesterday. Ireland’s property bubble burst in 2008 after years
      Reuters; REUTERS  -  161 words
    • 285 36 Reuters [HONG KONG] New mortgage loans drawn down in Hong Kong totalled HK$7.6 billion (S$1.23 billion) in February, up 25.8 per cent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed yesterday. The value of new mortgage loans approved in
      Reuters  -  285 words
    • 422 37  -  Landlords also more cautious about possible illegal use of their premises By MICHELLE TAN INDUSTRIAL rents in Singapore are expected to soften after holding firm for three consecutive quarters because of faltering demand amid a lacklustre macroeconomic environment, DTZ Research shows. Landlords have also turned
      FILE PHOTO  -  422 words
    • 373 37  -  By JOSHUA TAN OXLEY Holdings Ltd has made the first purchase of a commercial en bloc site in 2012, according to a statement released yesterday. GRTH Building, located at 66 East Coast Road, was bought for $76.1 million through a collective sale
      373 words
  • Page 35 Advertisements
    • 50 35 BANK SALE (L*****36J) 1 ST. MARTIN’S DRIVE Freehold, ground floor shop facing Tanglin Road Floor area: 9,375 sq ft approx Suit F&B/ retail/ showroom Joshua 9873 2310(R*****1E) 28/29 MOHD SULTAN RD 2 adjoining conservation shophouses; 999 years Land area: 9,680 sq ft approx Suit F&B/ pub, etc Derrick 9101 4747(R*****0I)
      50 words
    • 194 35 Pacific Mansion (District 9) For Sale By Tender A Truly Luxurious Freehold Development Site at 8 River Valley Close Site Area: 11,924.3 Sq M (128,353.2 Sq Ft) Plot Ratio: 3:84 Permissible GFA: 45,821.88 Sq M (493,226.72 Sq Ft) Total Approved GFA: 50,404.068 Sq M (45,832.88 4,5821.188 for Balcony incentive) 542,549.39
      194 words
    • 108 35 RAFFLES PARK VICINITY FREEHOLD BUNGALOW FOR SALE BY TENDER 2.5-Storey Freehold Bungalow Land Area approx. 11,300 sqft Prime Location with Wide Frontage Spacious 5 bedrooms+Penthouse Master bedroom Elevated ground with driveway Quiet and tranquil location at Cul-de-sac Close proximity to agglomeration of reputable schools such as Nanyang Girls’ High School,
      108 words

  • Page 36 Advertisements
    • 846 36 OPTIMISE YOUR PERFORMANCE DURING TOUGH TIMES Who should attend: VPs, Heads, Directors and Managers (Sales and Marketing, Brand and Product), Marketing Support Professionals, PMEBs, and other general management professionals Register at www.stjobs.sg/seminars ST DBS No No.1 Recruitment site in Singapore FULL-DAY SEMINAR FULL-DAY WORKSHOPS Be a Sales Marketing Champion! Thursday,
      846 words

  • Page 37 Advertisements
    • 3 37 THE LADYHILL (D10)
      3 words
    • 157 37 Fully Refurbished “A” Grade Office Tower EOI 22-28 King William Street, Adelaide, South Australia Enviable WALE of circa 9.4 years In excess of a 12 year lease to National Australia Bank for over 63% of the building Excellent tenancy mix NAB, S.A. and Aust. Govt and private sector tenants A
      157 words