The Business Times, 29 March 2012
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2012-03-29
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The Business Times
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Title Section19 2012-03-29 1 THE BUSINESS TIMES online at http://www.businesstimes.com.sg CO R GN NO *****2868E S$1.00 MICA (P) 120/08/2011 Thursday, March 29, 201219 words
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Article, Illustration758 2012-03-29 1 JAMIE LEE - SGX chief will also be head of listings after co-president Gan hands in resignation By JAMIE LEE [SINGAPORE] Singapore Exchange (SGX) chief executive Magnus Bocker has publicly taken on the reins of the core business at the exchange even as anotherLIANHE ZAOBAO FILE PHOTO - 758 words
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Article, Illustration660 2012-03-29 1 VIKRAM KHANNA - By VIKRAM KHANNA [SINGAPORE] It is in the interest of Asian countries to help boost the International Monetary Fund’s (IMF) resources even if these funds are used to bail out relatively richer nations of the eurozone, says the Fund’s first deputy660 words
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MARKETS DIGEST
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Article110 2012-03-29 1 HST INDEX 3,015.98 (-2.93) HST INDEX FUTURES 3,016 (-3) HSIMSCI 349.77 (-0.65) HSIMSCI FUTURES 349.90 (-0.60) US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.594 2.003 EURO (US$/S$/E) 1.336 1.678 Foreign currency per US$ S$ YEN 82.80 65.90 RM 3.065 2.439 HK$ 7.764 6.178 BAHT 30.74 24.46 RUPIAH110 words
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Article19 2012-03-29 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.702 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg19 words
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Advertisement113 2012-03-29 1 CENTA-MILLIONAIRES Tally of wealthy Asians overtakes N Americans PAGE 17 BizIT Young start-up diving into travel industry’s deep waters PAGE 31 DAVID CONNER Outgoing OCBC chief exec to receive $11.5m PAGE 6 PROPERTY 0.5% of 2011 subsale units bought in same year I PAGE 36 50 Palm Isles units sold113 words
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Advertisement11 2012-03-29 1 AIR CARGO $15m boost from Changi Airport PAGE 23 *****1 *****411 words
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TOP STORIES
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Article, Illustration557 2012-03-29 2 MINDY TAN - Income ceiling for 2-room flats in mature towns to be raised to $5,000 By MINDY TAN EVEN as more is done to create more housing options for households, steps are also being taken to discourage buyers who book flats but subsequently cancel their557 words
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294 2012-03-29 2 GENEVIEVE CUA - Aim is to avoid severe or negative impact on industry By GENEVIEVE CUA [SINGAPORE] Changes that may be implemented following the impending review of the financial advisory industry should be done in a “gradual and phased-in approach”, said the Association of Financial294 words
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Article71 2012-03-29 2 IN “Being Fair with the clients” (BT, March 28), we suggested that banks were not included in the Financial Advisory Industry Review (Fair). The Financial Advisers Act covers all firms engaged in financial advisory, such as banks, insurers, stockbrokers and financial advisory firms, and all investment products regulated by71 words
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Article426 2012-03-29 2 Bocker gets IPOs on his plate as deputy quits SINGAPORE Exchange chief executive Magnus Bocker has publicly taken on the reins of the core business at the exchange even as another top gun at SGX tendered his resignation. Mr Bocker will take on the role of head of426 words
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438 2012-03-29 4 MICHELLE TAN - Flash estimates for SRPI show prices of completed homes sliding 0.8% in Feb By MICHELLE TAN [SINGAPORE] Buyers waiting on the sidelines may have more to smile about in the coming months as prices of private completed homes continued to fall438 words
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Article, Illustration624 2012-03-29 4 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo ITALIAN prime minister Mario Monti sought to counter pessimism among Japanese investors about Europe’s prospects in the wake of the eurozone crisis when he spoke at a series of meetings in Tokyo yesterday. He624 words
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Article, Illustration607 2012-03-29 4 LYNN KAN - China top issuer with volume of US$3.7b, almost half of total By LYNN KAN [SINGAPORE] Asian shipping bond issues in 2011 surged 90 per cent year-on-year to a record US$7.97 billion from US$4.12 billion, according to data from shipping finance information providerSource: Marine Money Asia - 607 words
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405 2012-03-29 4 Bloomberg [BEIJING] China’s biggest copper producer and its largest airline posted profits that missed estimates, joining banks and energy companies with results that indicate slower economic growth is dragging down corporate earnings. Jiangxi Copper said late Tuesday net income for theBloomberg - 405 words
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Advertisement264 2012-03-29 2 4^^ POWER-GEN Jndia S-r Central (Tsia HvdroVision INDIA RENEWABLE ENERGY W#RLD CONFERENCE EXPO -INDIASWITCHING ON INDIA'S POWER FUTURE 19-21 APRIL 2012, PRAG ATI MAI DAN, NEW DELHI, INDIA Supported by Ministry of POWER, Government of India JOIN INDIA'S WORLD-CLASS POWER EVENT Join India's world-class power event, POWER-GEN India Central Asia264 words
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Advertisement87 2012-03-29 3 AlCL FORGET WHAT YOU KNOW ABOUT SPORTS CARS WE ARE McLAREN AND THIS IS THE MP4-1EC jr. V I "Vss X ■N X V WE ARE PROUD TD BE THE OFFICIAL DEALER FDR McLAREN AUTOMOTIVE IN SINGAPORE. OUR NEW SHOWROOM IS NOW OPEN. COME SEE THE MP4-1EC IN ITS NEW87 words
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Advertisement1407 2012-03-29 4 SEMBCORP INDUSTRIES LTD CO REGN NO. *****2418D (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of Sembcorp Industries Ltd (the “Company”) will be held at the Multi-function Room, Sembcorp Industries Ltd, Level 1, 30 Hill Street, Singapore *****01,407 words
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Advertisement118 2012-03-29 5 CORDLIFE GROUP LIMITED (Company Registration No.: *****2883E) (Incorporated in the Republic of Singapore on 2 May 2001) Thank You! To all our existing and new shareholders and the professional teams who have made Cordlife Group Limited’s IPO a resounding success. With your support, our IPO has been 3.8 times subscribed!118 words
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Advertisement846 2012-03-29 6 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 jBS No No.1 Recruitment site in Singapore FULL-DAY SEMINAR FULL-DAY WORKSHOPS *6Be a Sales Marketing Champion! Thursday,846 words
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COMPANY NEWS
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627 2012-03-29 6 SIOW LI SEN - Bank also gives hefty pay rise of 50% to its nonexecutive directors By SIOW LI SEN DAVID Conner, OCBC Bank’s outgoing chief executive, will be taking home $11.5 million, including retirement shares, when he leaves next month. OCBC also gave a hefty pay627 words
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384 2012-03-29 6 RONNIE LIM - Pre-listing investors include Ang Kong Hua, Ng Kee Choe By RONNIE LIM CIVMEC, an Australian engineering contractor for the oil gas and mining industries, is seeking a Singapore Exchange listing. The company, which work for “biggies” in Australia including the Gorgon LNG project and384 words
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259 2012-03-29 6 NISHA RAMCHANDANI - By NISHA RAMCHANDANI SIM Yong Teng, executive chairman of main-board-listed Sinwa, was charged yesterday with two counts of insider trading and 23 counts under the Companies Act. The 68-year-old Singaporean is charged with allegedly selling 849,000 shares on Jan 16, 2007, through a trading259 words
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425 2012-03-29 6 KENNETH LIM - By KENNETH LIM SINGAPORE mid-cap stocks are outperforming the rest of the market as the first quarter draws to a close, as investors look for better value outside of blue chips amid a sustained equity rally. The FTSE ST Mid Cap Index which425 words
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380 2012-03-29 9 JOYCE HOOI - The park is a joint venture with the Jilin City government By JOYCE HOOI A UNIT of Keppel Telecommunications Transportation (Keppel T&T) will develop and operate the Sino-Sin-gapore Jilin Food Zone International Logistics Park as part of a joint venture with the380 words
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458 2012-03-29 9 RONNIE LIM - By RONNIE LIM BOOSTED by new revenue streams like that from providing steam to industries, Tuas Power (TP) has turned in its best results since China Huaneng first bought the Singapore generating company four years ago. It reaped a FY2011 net profit of $256.4458 words
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376 2012-03-29 9 ANGELA TENG - Its unit Keppel Fels signs LOI to build US$315m semi-sub By ANGELA TENG KEPPEL Corporation’s latest contract win may kick off an upswing for semi-sub-mersibles. Keppel Fels, a wholly owned unit of Keppel Corp, has signed a letter of intent (LOI) to build376 words
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327 2012-03-29 9 KENNETH LIM - By KENNETH LIM THE first ever auction of 30-year Singapore government bonds drew solid demand, gaining slightly in the secondary market after the auction closed within market expectations. The $2.1 billion offering of 2.75 per cent bonds was priced at a327 words
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Article, Illustration395 2012-03-29 10 LYNN KAN - Proceeds from the issuance may go towards expanding its logistics business By LYNN KAN ANALYSTS have floated more details about Neptune Orient Lines’ proposed Sin-gapore-dollar denominated perpetual capital securities issuance, which is thought to help improve the shipping and logistics company’s indebtedness. Credit SuisseBLOOMBERG - 395 words
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257 2012-03-29 10 LYNN KAN - By LYNN KAN IPO-STARVED investors flocked like bees to honey with the initial public offering of Cordlife Group Ltd, the Singapore Exchange’s first listing this year. The private cord blood bank’s 60 million new shares priced at 49.5 cents apiece were 3.8 times subscribed257 words
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370 2012-03-29 10 CARINE LEE - By CARINE LEE LIONGOLD Corp is offering up to US$30 million in convertible bonds at an interest rate of 9 per cent per annum. The Singapore-listed company, formerly known as Think Environmental, has appointed DMG Partners Securities Pte Ltd as the manager of the370 words
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266 2012-03-29 10 LIM WEI SHENG - By LIM WEI SHENG FIRST Ship Lease Trust (FSL Trust) has landed its first charter contract of the year with Brazilian oil major Petroleo Brasileiro (Petrobras). FSL Singapore, a 47,470 deadweight-tonne (dwt) product tanker, will be on a three-year time-charter266 words
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Advertisement130 2012-03-29 7 DESIGNED FOR ONE, TWO, THREE, FOUR, FIVE, SIX OR SEVEN. ORLANDO 1.8L PREMIUM MPV 7-SEATER INTEGRATED GPS INFOTAINMENT SYS FOLD-FLAT SEATS $129,999* *3 6 ®L AND ALL THE LUXURY YOU CAN WISH FOR. CHEVROLET ORLANDO IS POWERED BY AN EFFICIENT AND RESPONSIVE 1.8-LITRE 4-CYLINDER DOHC ECOTEC ENGINE 6-SPEED AUTOMATIC TRANSMISSION130 words
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SINGAPORE MARKETS
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Article, Illustration587 2012-03-29 8 R SIVANITHY - ST Index yields 2.9 points after Tuesday’s 44-point leap on knee-jerk reaction STOCKS R SIVANITHY Senior Correspondent YESTERDAY’S absence of a follow-through to Tuesday’s push didn’t come as much of a surprise, given that Tuesday’s 44-point jump was a knee-jerk reaction to hints of aSource: Bloomberg - 587 words
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Article65 2012-03-29 8 Mar 28 VALUE CLOSE BT OB/OS -28.00-208.00 BT CADI -*****.00 -90.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 695.62 -2.74 FTSE ST Small Cap 469.37 -1.47 FTSE ST All Share 729.99 -1.14 FTSE ST China Top 227.18 -1.78 FTSE ST China 253.27 -1.41 FTSE ST65 words
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Article60 2012-03-29 8 VOLUME MDR 119,437,000 HLH Grp 75,958,000 NexGenSCom 55,343,000 QAF Ltd 39,632,000 Noble Grp 37,097,000 UPP 36,873,000 Golden Agri 33,248,000 Genting SP 29,628,000 Otto Marine 25,960,000 Pac Andes R 25,361,000 VALUE($) Keppel Corp 53,805,120 Genting SP 51,181,950 Noble Grp 51,026,750 Wilmar 49,469,570 DBS Grp 38,648,830 SingTel 34,213,136 QAF60 words
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Article186 2012-03-29 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 5 0 0 0 6 6 5 Manufacturing 37 68 39 4 9 4 41 77 43 Commerce 11 24 18 3 9 1 14 33 19 Tpt/Stor/Comms 10 17 12186 words
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Article, Illustration866 2012-03-29 8 CONRAD TAN - Compiled by CONRAD TAN Genting Singapore March 28 close: S$1.73 DBS Group Research, March 28 WE came back positive on Resorts World Sentosa’s (RWS) new offerings after a recent site visit with a group of clients. We found the Maritime Experiential Museum educational and the Transformer ride anSource: Bloomberg - 866 words
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Article121 2012-03-29 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 23,921 23,921 90,281 90,281 Manufacturing 302,326 17,887 320,213 206,094 1,221 207,315 Commerce 152,891 9,456 162,347 128,104 697 128,801 Tpt/Stor/Comms 93,635 20,674 114,309 144,910 5,003 149,912 Finance 35,009 15 35,024 101,216 3 101,219 Construction 121,367 11,440121 words
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Article110 2012-03-29 8 Stock name Close Change CapMallsAsia 1.680 -0.015 CapitaLand 3.150 +0.010 CapitaMall 1.830 CityDev 11.120 +0.030 ComfortDelGro 1.580 +0.040 DBS Grp 14.330 -0.070 F&N 6.950 GLP 2.170 Genting SP 1.730 -0.010 Golden Agri 0.770 -0.010 HK Land 5.620 +0.040 JMH 50.000 +0.030 JSH 30.480 -0.190 Jardine C&C110 words
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Article, Illustration456 2012-03-29 8 CURRENCIES Reuters [LONDON] The yen rose against the US dollar yesterday, lifted by seasonal flows from Japanese exporters buying at the end of their financial year, although gains could be temporary given the Bank of Japan’s determination to keep monetary policy ul-tra-loose. The euroReuters; AP - 456 words
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Article115 2012-03-29 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 301.6 2.3 IS S&P500 ***** 131.9 0.7 DBXT E50 10US$ 3831 77.9 1.6 DBXT STGLDv100 10US$ 2808 33.9 1.0 DBS.ES.1203 1437 30.0 2.1 DBXT S&P Short 10US$ 3668 25.1 0.5 DBXT MSPacExJp 10US$ 440 21.4 4.0 DBXT MSTaiwan 10US$ 1834 21.4115 words
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Article126 2012-03-29 8 BY CENTS CLOSE DOWN DBXT iBoxxSing 5SG$ ***** -180.0 -1.4 GLD 10US$ ***** -149.5 -0.7 DBXT MSAsExJp 10US$ 3154 -77.9 -1.9 DBXT FTVietnam 10US$ 2418 -64.1 -2.1 DBXT FTChina25 10US$ 2750 -49.0 -1.4 Lyxor China H 10US$ 1349 -39.0 -2.2 OCBC Bk 4.5%NCPS 100 ***** -36.0 -0.3 Great Eastern126 words
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Advertisement188 2012-03-29 9 Economy Class Business Class You’re a cut above the rest. Now even your savings come with higher returns. Are you? Enjoy the fruits of your success with iSAVvy Savings Account. With interest rates of up to 0.50% p.a. and complimentary travel insurance*, we’ll make the most of your savings. For188 words
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Advertisement87 2012-03-29 10 6~® 4-} IBS m -r Hung Kang’s Birthday Set Menu, for many more birthdays to come. Birthday Celebration Bun Shark’s Fin Soup with Seafood and Crab Meat Surimi Four Varieties Combination Steamed Pomfret Teochew Style Barbequed Whole Suckling Pig Crispy Prawns with Cereal and Mayonnaise Cream Stewed Vegetables with Mushrooms87 words
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Advertisement787 2012-03-29 10 watc notices Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices COMFORTDELGRO CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****0002K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road,787 words
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Advertisement382 2012-03-29 10 In the Matter of The Companies Act (Cap. 50) and In the Matter of Pacific Health Therapies Pte Ltd (In Liquidation) Reg. No. *****1120G Notice of Final Meeting Notice Is hereby given that pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting of the Members382 words
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Advertisement3345 2012-03-29 11 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Notice of Annual General Meeting and Closure of Books NOTICE IS HEREBY GIVEN that the 44th Annual General Meeting of the Company will be held at Raffles City Convention Centre, Stamford Ballroom (Level 4), 80 Bras Basah3,345 words
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SINGAPORE NEWS
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Article, Illustration374 2012-03-29 12 NISHA RAMCHANDANI - Internal team also makes suggestions to avoid recurrence of NSL disruptions By NISHA RAMCHANDANI AN internal investigation team, commissioned by SMRT Corp’s directors, has submitted their report on the disruptions to SMRT’s North South Line in December last year to the board. SMRTFILE PHOTO - 374 words
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357 2012-03-29 12 JOSHUA TAN - By JOSHUA TAN SMALL and medium-sized enterprises (SMEs) can expect more help this year from Enterprise Development Centres (EDCs), which are stepping up engagement efforts as part of the government’s productivity push. Speaking to an audience of about 250 businessmen at357 words
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448 2012-03-29 12 LEE U-WEN - By LEE U-WEN A NEW award has been created to recognise charities that have adopted the highest standards of governance and put in place best practices to ensure they are both effective and sustainable. The Charity Governance Awards are the first448 words
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SINGAPORE ROUNDUP
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83 2012-03-29 12 THE National Arts Council will disburse funding of $8.2 million to support the development of arts through organisations in FY2012, up 41 per cent from FY2011. It will provide support to 31 arts companies $6.5 million to 26 firms under its major grant83 words
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50 2012-03-29 12 FRENCH training organisation Cegos has set up its new Asia Pacific headquarters in Singapore. This adds to its existing Asia Pacific operations in China and Hong Kong. The group trained over 200,000 managers internationally and achieved a turnover of $300 million last year.50 words
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Article322 2012-03-29 12 LEE U-WEN - By LEE U-WEN SINGAPORE is playing host to a two-day conference next week that will bring together hundreds of alumni from the renowned Indian Institutes of Technology (IIT). The Pan-IIT Apac conference, to be held at the Suntec Convention Centre next Friday and Saturday, is322 words
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475 2012-03-29 12 JASMINE NG - Only 14% in poll of ex-E50 winners able to list all elements By JASMINE NG Almost every business in Singapore understands the importance of “living the brand” yet most of these firms have little inkling of what internal branding entails. According to a study475 words
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Article, Illustration353 2012-03-29 12 AMANDA EBER - By AMANDA EBER OUT-OF-WORK professionals, managers and executives (PMEs) who feel lost and in need of support now have a new outlet to turn to. The Workforce Development Agency (WDA) presented four new initiatives at its CaliberLink facility in Bras Basah yesterday.353 words
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Article, Illustration322 2012-03-29 12 EVE YEO - By EVE YEO SINGAPORE’S healthcare system has to move from focusing on episodic care to taking a more holistic approach. This was highlighted by Health Minister Gan Kim Yong at The Economist’s Healthcare in Asia 2012 conference yesterday. As Singapore’s population ages, the322 words
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Advertisement21 2012-03-29 12 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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ECONOMY WATCH
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Article, Illustration600 2012-03-29 13 Group’s proposed development bank could rival roles of World Bank, ADB AP [NEW DELHI] Developing nations again seem unlikely to propel one of their own citizens to the World Bank presidency. It may not matter. A group of rising powers is mulling overAP; REUTERS - 600 words
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294 2012-03-29 13 Bloomberg [BANGKOK] Thai exports unexpectedly rebounded in February as more factories resumed production after last year’s flood crisis and global demand improved. Overseas sales rose 0.91 per cent from a year earlier to US$19.04 billion, the Ministry of Commerce said in Nonthaburi provinceBloomberg - 294 words
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378 2012-03-29 13 More than 670,000 people defaulted on their loans last year AP [LISBON] Nuno Pinto is 40, out of work and contemplating a step he thinks is the only way out of his family’s financial plight: personal bankruptcy. Mr Pinto, like many Portuguese, is financially stranded.AP - 378 words
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Advertisement134 2012-03-29 13 6281 5688 or 6757 4403 WINNER Overall client satisfaction IG Markets Trends /Sept 2011 r Singapore Contracts for Difference Report The more you trade the more you save. PoiWon*ll WorUng Ordert jj AltrtsH ActMtyj j jT>cKets HARKl Ti 0 Watchlists M'ces dfrtCi n. ---.l Pri '-:-or. negate 1 > r134 words
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MALAYSIA/INDONESIA
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Article, Illustration574 2012-03-29 14 PAULINE NG - Soaring oil prices, govt’s plan to usher in minimum wage could raise pressure By PAULINE NG in Kuala Lumpur MALAYSIA’S headline inflation eased in February, its 2.2 per cent rise year-on-year marking the slowest expansion since January 2011, but prices run the riskAP - 574 words
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350 2012-03-29 14 [KUALA LUMPUR] Malaysia’s state investment arm Khazanah Nasional Bhd will use the US$357.8 million raised from its recent exchangeable sukuk issue to fund upcoming investments in Asia, according to a local report. “We have some deals in the pipeline in sectors we’re350 words
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591 2012-03-29 14 AFP [BATAM] Indonesia’s Batam island, an industrial zone with dreams of transforming into a major tourist destination, is sprucing itself up to lure big-spending visitors from next-door Singapore. Batam is looking to emulate the success of another Indonesian island close to Singapore,AFP - 591 words
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Advertisement1650 2012-03-29 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ASIA ENTERPRISES HOLDING LIMITED NOTICE OF ANNUAL GENERAL MEETING Registration No.: *****1021H Incorporated in the Republic of Singapore /GlrN ASIA ENTERPRISES HOLDING LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of Asia Enterprises Holding Limited (“the Company”) will be held1,650 words
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Advertisement2032 2012-03-29 15 SINGAPORE COSCO CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0159G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard Suntec City, Singapore *****3, Meeting Room2,032 words
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Advertisement2217 2012-03-29 15 sembcorp SEMBCORP INDUSTRIES LTD Co Regn No. *****2418D (Incorporated in the Republic of Singapore) NOTICE OF FOURTEENTH ANNUAL GENERAL MEETING Notice is hereby given that the Fourteenth Annual General Meeting of Sembcorp Industries Ltd (the “Company”) will be held at the Multi-function Room, Sembcorp Industries Ltd, Level 1,30 Hill Street,2,217 words
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GREATER CHINA/INDIA
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Article, Illustration522 2012-03-29 16 Deal gives Japan firm cash injection, restores profitability in its LCD business NYT Bloomberg AFP [TOKYO] In another sign of Chinese manufacturing’s ascent as Japan struggles, the Taiwanese giant Foxconn will become the largest shareholder in Sharp, a former exemplar of Japan’s electronicsNYT; Bloomberg; AFP; BLOOMBERG - 522 words
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336 2012-03-29 16 He will make 7th trip as treasurer to China this year Bloomberg [MELBOURNE] Australian Treasurer Wayne Swan said he wants to bolster currency ties with China, his country’s largest trading partner, as it tries to capitalise on “a transformative” shift of globalBloomberg - 336 words
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Article, Illustration399 2012-03-29 16 AP [HONG KONG] A landmark ruling that would have let foreign maids gain permanent residency in Hong Kong was overturned on appeal yesterday in the latest twist for a case that has divided the city. A three-member panel of High Court judges overturnedAP - 399 words
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317 2012-03-29 16 Reuters Bloomberg [MUMBAI] India has agreed to examine jewellers’ demand for the removal of excise duty levied on unbranded jewellery and come out with an “acceptable” solution, but will not reduce import duty on gold and platinum, Finance Minister Pranab Mukherjee told lawmakersReuters; Bloomberg - 317 words
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345 2012-03-29 16 Reuters [DUBLIN] A subsidiary of China’s sovereign wealth fund has signed a memorandum of understanding with Dublin’s debt agency to explore investment opportunities in Ireland, but gave little detail on what it might be interested in. While Europe has been courting China to helpReuters - 345 words
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Advertisement1765 2012-03-29 16 WATS NOTICES HEATEC JIETONG HOLDINGS LTD. Heat Transfer Piping System Specialist HEATEC JIETONG HOLDINGS LTD. Registration No. *****7808Z (Incorporated in the Republic of Singapore) NOTICE OF FIFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting (AGM) of Heatec Jietong Holdings Ltd. (the “Company') will be1,765 words
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WORLD
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Article, Illustration667 2012-03-29 17 Shift of wealth could fuel investment in art, wine, sports from Asia: report Bloomberg [SINGAPORE] The number of Asians with at least US$100 million in disposable assets overtook North America’s tally for the first time as the world’s “economic centre of gravity” continuedBloomberg - 667 words
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194 2012-03-29 17 Bloomberg [LONDON] Lloyd’s of London, the world’s oldest insurance market, posted its first full-year loss since 2005 after the worst year for natural catastrophe insurance claims on record. The pre-tax loss was £516 million (S$1 billion) in 2011, compared with a £2.2Bloomberg - 194 words
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Article, Illustration714 2012-03-29 20 Sanctions, capital curbs, untested legal arena hold back foreign businesses Bloomberg [BANGKOK] Myanmar’s emergence as Asia’s next tiger economy is more potential than reality as a rush of investors finds little to spend money on besides a limited supply of hotel rooms afterBloomberg; REUTERS - 714 words
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570 2012-03-29 20 AFP [YANGON] Myanmar announced yesterday an overhaul of its antiquated currency system as part of burgeoning reforms to modernise an economy left in disarray by decades of military rule. The impoverished nation will adopt a managed floating exchange rate from April 1, allowing marketAFP - 570 words
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Article, Illustration758 2012-03-29 20 AP [MADRID] A Eurovegas in down-and-out Spain? Depending on whom you ask, it could be heaven-sent or a deal with the devil. Casino mogul Sheldon Adelson’s dream to build Europe’s first Las Ve-gas-style resort in Spain would certainly bring much needed relief to anAP - 758 words
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764 2012-03-29 20 Bloomberg [LONDON] A Chinese Imperial jade seal and album of calligraphy are being re-offered for sale this week after their Asian bidders failed to pay. The sales in France are the latest sign of auction houses clamping down on slow payments and non-payments. AmidBloomberg - 764 words
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423 2012-03-29 21 Lawmaker’s move expected to put more pressure on James Murdoch Reuters [LONDON] A British lawmaker is to demand that the UK television watchdog probe new hacking claims against News Corp, piling more pressure on BSkyB chairman James Murdoch, whose fitness toReuters - 423 words
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Article, Illustration526 2012-03-29 22 Gain is spurred by demand for cars, computers and capital equipment LATEST US DATA Bloomberg [WASHINGTON] Orders for US durable goods rose in February, the fourth monthly gain in the last five and spurred by demand for cars, computers and capital equipment. BookingsBloomberg; AP FILE PHOTO - 526 words
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475 2012-03-29 22 ECB also downplays fears loans to banks will stoke inflation AP [FRANKFURT] The European Central Bank (ECB) says the flow of credit available to businesses slowed down in February a sign that the bank’s massive loans to the financial system have yet toAP - 475 words
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331 2012-03-29 22 Bloomberg [LONDON] Britons suffered the biggest drop in disposable income in more than three decades last year in a squeeze that may continue this year as energy prices increase. Real household disposable income fell 1.2 per cent, the Office for National Statistics (ONS)Bloomberg - 331 words
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297 2012-03-29 22 AFP [BANGKOK] Thailand yesterday approved a new tax incentive to stimulate investment in the country’s industrial heartland which was badly hit by last year’s floods, Industry Minister Pongsavas Savasti said. The Board of Investment agreed to waive corporate income tax forAFP - 297 words
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356 2012-03-29 22 Reuters [TOKYO] Japan’s ruling Democratic Party made minor changes to a plan to raise the sales tax to win over dissenters, but opposition remains strong, setting the stage for a showdown that has the potential to split the party andReuters - 356 words
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Article, Illustration362 2012-03-29 22 AP [STOCKHOLM] Some workers in Sweden have found a rather unusual way to spend their lunch hour. Dripping with sweat and awash in disco lights, they dance away to pulsating club music at Lunch Beat, a trend that started in Stockholm and is spreadingAP - 362 words
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Page 17 Advertisements
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Advertisement145 2012-03-29 17 FREEHOLD INDUSTRIAL MACTAGGART ROAD 7-storey detached building with coldrooms on ground floor, 2nd and 4th floor Written permission for change of use to temporary dormitory on 3rd, 5th and 6th storey with mini mart on the 1st storey Site Area: 16,968 sqft GFA: 42,480 sqft 2008 Master Plan: Business 1145 words
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Advertisement79 2012-03-29 17 NANYANG TECHNOLOGICAL UNIVERSITY j KNOWLEDGE SI NTU. One of the fastest-rising universities in the global Top 100. While studying abroad in an innovative “apprenticeship” programme at Wunderman, NTU business graduate Adamson Alagan so impressed his bosses that they made him an offer he couldn’t refuse: a full-time job as Chief-of-Staff79 words
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Page 18/19 Advertisements
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Advertisement56 2012-03-29 18/19 You can’t buy style? Well just this once you can. New CC. Test drive the stylish 4-door coupe at Volkswagen Centre Singapore today. Volkswagen Centre Singapore, 26 Leng Kee Road and 247 Alexandra Road. Telephone 6474 8288. Actual specifications may differ from the model shown. Terms and conditions apply. www.vw.56 words
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Page 20 Advertisements
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Advertisement28 2012-03-29 20 U0I1B1S OtpBH IBIOlilO snivxaa atioPM dad lAIODElGOIOVidAWWV DJ. NO □Ol JdO OJ. Nl 3NOi MUM SN#lf III A1W S91IANI iaimuxi OISftW ISM S. WOW ft •v*o S >v*v*28 words
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Page 21 Advertisements
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Advertisement2769 2012-03-29 21 Keppel Land Limited Company Registration No.: *****0001G (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Raffles City Convention Centre, Stamford Room, Level 4, 80 Bras Basah Road, Singapore *****0 on Friday,2,769 words
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Page 22 Advertisements
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Advertisement97 2012-03-29 22 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 02 April 2012 Tenor Approximately 30 years Total Amount Allotted SGD 2,100,000,000 Amount Allotted to Non-Competitive Applications SGD 386,668,000 Amount Allotted to MAS SGD 200,000,000 Total Amount Applied SGD 4,756,169,000 Coupon Rate97 words
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AVIATION
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Article, Illustration679 2012-03-29 23 VEN SREENIVASAN - Generous rebates on landing fees and rentals for the industry from April By VEN SREENIVASAN [SINGAPORE] Changi Airport Group (CAG) has rolled out $15 million worth of support for the struggling air cargo industry, including large rebates on landing fees and rentals. TheSource: Changi Airport - 679 words
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Article, Illustration469 2012-03-29 23 Struggling airline asks some of its employees to stay at home Bloomberg Reuters [NEW DELHI] Kingfisher Airlines Ltd, the Indian carrier that has cut flights after losses, asked some staff to stay at home and said the future size of its workforceBloomberg; Reuters; REUTERS - 469 words
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428 2012-03-29 23 Airlines are passing on rising fuel prices to consumers AFP [WASHINGTON] US holidaymakers planning a getaway in the next few months should expect higher airfares, industry analysts warned on Tuesday, but airlines passing on higher fuel costs may be just theAFP - 428 words
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LOGBOOK
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93 2012-03-29 23 Reuters [SANTIAGO] The world’s two largest planemakers laid out forecasts for Latin America on Tuesday, where they see a market for 100 new commercial planes or more yearly for the next two decades as consumer spending expands with economic growth above the global average.Reuters - 93 words
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Article91 2012-03-29 23 Bloomberg [HONG KONG] PT Garuda Indonesia, the country’s biggest listed carrier, may add a fourth destination in China as the Asian nations increase cooperation in trade and tourism. The airline is considering adding flights to Chongqing after bolstering capacity on services to Shanghai, Beijing andBloomberg - 91 words
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76 2012-03-29 23 AFP [SUVA] Fiji’s military government yesterday seized control of national carrier Air Pacific from Australia’s Qantas, issuing a decree preventing Fijian airlines from being owned or controlled by foreigners. The South Pacific nation’s government, which took power in a 2006 coup, denied thatAFP - 76 words
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338 2012-03-29 23 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Engineering and construction group Boustead Singapore has secured a design-build-and-lease contract from Bombardier Aerospace for a 6,490 square metre integrated aircraft service centre and office facility at the Seletar Aerospace Park. This is Boustead’s 13th project in the aerospace sector, but338 words
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259 2012-03-29 23 Bloomberg [LONDON] Asian airports dominated gains in passenger numbers last year, with five hubs posting doubledigit growth and Beijing narrowing the gap to world No 1 Atlanta. Jakarta was fastestexpanding among the top 30 terminals, growing traveller numbers 19 per cent to 52.4 million, figuresBloomberg - 259 words
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Page 23 Miscellaneous
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Miscellaneous274 2012-03-29 23 CRYPTIC CROSSWORD Across 1 Going down in the main (6) 9 Healer administering drops? (4,6) 10 When tennis players meet in transition (10) 11 Redcoat(4) 12 Accommodation on one level? (4) 14 Attack upland fell (6,4) 17 Top gear (7) 18 A sandwich from this joint is a blow (7)274 words
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SHIPPING
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323 2012-03-29 24 More VLCCs tied up amid crowded ports, longer voyages Bloomberg [LONDON] Returns for the biggest oil tankers hauling Middle East crude to Asia ended a six-session losing streak as longer voyages and crowded ports tied up more vessels. Daily returns for very largeBloomberg - 323 words
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Article, Illustration748 2012-03-29 24 Deepening of Elbe River will let bigger ships and more containers through Bloomberg [HAMBURG] Hamburg, Europe’s second-largest container port, is poised for a rise in cargo volumes in the coming years after one of the final hurdles to the ninth major riverBloomberg; Source: - 748 words
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501 2012-03-29 24 Bloomberg Bloomberg Reuters [LONDON] The number of panamax-class dry-bulk vessels starting to trade this quarter reached 75, exceeding the record 60 ships delivered from builders in the third quarter of 2011, according to Barry Rogliano Salles. “To put this in perspective, this is approximately theBloomberg; Reuters - 501 words
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297 2012-03-29 24 Reuters Reuters [COPENHAGEN] Danish shipping company Torm A/S, struggling with debt, said it is in talks with two international groups of investors on an injection of between US$100 million and US$200 million in capital as a lifeline to help it avoid bankruptcy.Reuters - 297 words
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Article256 2012-03-29 24 SGX '000 Mar 28 S$ +/-Vol CH Offshore 0.40 -0.01 250 Chuan Hup Hldg 0.23 -0.01 56 Cosco Corp 1.17 -0.02 4784 s$ Ezra Hldgs 1.17 unch ***** First Ship Lea 0.21 unch 384 Freight Links 0.06 unch 130 Grand Banks unch unch 0 Jaya Hold Ltd 0.56256 words
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Page 24 Advertisements
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Advertisement1125 2012-03-29 24 Co. Reg. No. *****2804G Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 3rd Annual General Meeting of Cambridge Industrial Trust (“CIT”) will be held at NTUC Auditorium, Level 7, NTUC Centre, One Marina Boulevard, Singapore *****9 on 20 April 2012 at 10.00 a.m. for the purpose of1,125 words
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2262 2012-03-29 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO2,262 words
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Page 25 Advertisements
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Advertisement23 2012-03-29 25 Attn: Jane Fax: *****110 urgently needed by shippers in -they find your services here in -the Shipping Times? The Business times Shipping Times23 words
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EDITORIAL & OPINION
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487 2012-03-29 26 EDITORIAL IT is now widely accepted that today, no organisation public or private can afford not to have a social media presence and strategy. Social media is especially suited for a highly wired country such as Singapore, which has more broadband connections than its population.487 words
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Article, Illustration781 2012-03-29 26 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHEN Premier Wen Jiabao opened the 2012 session of China’s National People’s Congress on March 5, he promised to enforce the law “in both781 words
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Article, Illustration991 2012-03-29 26 ANTHONY ROWLEY - Italian PM Monti impresses Japanese with presentation on Italy and idea of a new Europe ANTHONY ROWLEY Tokyo Correspondent THOSE who were present at Italian Prime Minister Mario Monti’s very impressive presentation in Tokyo yesterday on why Italy is noBLOOMBERG - 991 words
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Article, Illustration2026 2012-03-29 27 VIKRAM KHANNA - Eurozone risks smaller now but no all-clear yet ECB’s LTRO has removed some danger and created breathing space By VIKRAM KHANNA David Lipton, first deputy managing director of the International Monetary Fund (IMF), talks to BT about the eurozone crisis, the Fund’s lending capacity and Asia’s concerns. Question: Many peopleARTHUR LEE - 2,026 words
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Article, Illustration761 2012-03-29 27 ROBERT CYRAN, AGNES T CRANE - REUTERS BREAKINGVIEWS By ROBERT CYRAN, AGNES T CRANE SIX years into the US housing downturn, the worst finally seems to be over. The overhang of inventory is no longer so daunting as population growth and reduced construction continue to cut the glut of unsold homes. ThrowREUTERS - 761 words
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169 2012-03-29 27 Leong Sze Hian - LETTER TO THE EDITOR Leong Sze Hian I REFER to the article “SGX makes Davinder a nonindependent director” (BT, March 27). When a director has a business relationship with the Singapore Exchange (SGX), it may be deemed a conflict of interest. Since169 words
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SINGAPORE STOCKS
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Article1302 2012-03-29 28 Transaction date: Mar 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 Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 113 92.5 AIMSAMPIReit 111.5 -1.5 628 113 1111,302 words
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Article216 2012-03-29 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 4.7216 words
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Article7474 2012-03-29 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD7,474 words
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Article233 2012-03-29 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US40.5 unch 6543 41 39.5 40 40.5 2666.7 Vol 205 168 TanChongInt HK201cd unch 21 201 201 196 201 4.3 3.5233 words
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Article932 2012-03-29 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 100 CIMB APAC Div 100US$ US101.6 +1.6 0 101.6 101.6 100.6 101.6 10.7 1261 856 CIMBAsean40 100US$ US1063cd +11 14 1063 1063 1060 1064 166.7932 words
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FINANCE & COMMODITIES
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Article577 2012-03-29 30 Mar 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.51 *****.80 *****.28 Jun12 *****.00 *****.00 *****.00 *****.00 *****8 *****8 Sep12 *****.00 35 2535 MSCI TAIWAN INDEX FUTURES SPOT 286.82 289.00 285.69 Mar12 286.10 288.50 285.20 286.80 *****2 ***** Apr12 286.50 288.90 285.60 286.70 *****7577 words
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Article, Illustration99 2012-03-29 30 wwwjn»t=mL? mtrtlU HAH i.ifu LlrrVr iW ptcnniK ue-tai t GOU* *ut <urf*iT>«» UMfcl IMA#! iUi M. U W\ON T IIWI 1 1 lir»UI •IV IU >MMll in CUWfMCV ,VJ- 'Jjf N'l IHU* \l MW> 1 U>«l XUA* i Mlt-lfVMHf IfeV) i im 1 *14#. MV 4Mt MtfAi99 words
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Article107 2012-03-29 30 Mar 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1369.75 1379.50 1387.25 1368.75 Jul 12 1376.25 1384.25 1391.25 1375.00 Aug 12 1367.50 1373.00 1380.25 1366.25 Sep 12 1346.00 1349.50 1355.75 1344.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.10107 words
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Article76 2012-03-29 30 CRUDE OIL PRODUCTS Mar 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 125.21 -0.47 WTI (Near Mth) 107.22 0.09 Dubai (1-Mth F) 122.64 0.59 Tapis blend 132.77 0.83 Minas 132.77 0.83 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.67 -0.05 Jet Kerosene 137.44 0.77 US$/barrel OpecOil Basket76 words
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Article22 2012-03-29 30 Mar 28 S$ Bid Offer 1-month 1.2565 1.2568 2-months 1.2564 1.2568 3-months 1.2562 1.2566 6-months 1.2554 1.2558 Source: OCBC22 words
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Article64 2012-03-29 30 Mar 27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2155.00 2145.25 3 months 2196.00 2186.00 Copper, Grade A(US$/tonne) Cash 8563.50 8573.50 3 months 8535.00 8535.00 Lead(US$/tonne) Cash 1982.00 1995.00 3 months 1986.00 2001.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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373 2012-03-29 30 In local curr In S$ In US$ dy yr dy yr dy yr Mar 27 Index Change Change Change Change Change Change World Preliminary 926.3 0.1 11.6 -0.1 8.5 0.1 12.0 EAFE Preliminary 757.0 0.4 11.0 0.1 8.0 0.3 11.5 Europe Preliminary 1113.4 -0.5 8.5373 words
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Article80 2012-03-29 30 Mar 27 COCOA (£/tonne) Close Prev High/Low May 12 1526 1513 1538/1516 Jul 12 1538 1525 1549/1526 Sep 12 1540 1527 1550/1530 Dec 12 1542 1530 1552/1529 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2049 2000 2032/2005 May 12 2059 2015 2068/2010 Jul 12 2051 2009 2057/2000 Sep 12 206080 words
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532 2012-03-29 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 280 20.00 26 o o Conv Baker Technology Ltd W*****6 3 1 32 13 10.33 8 Exer Price Prem Disc Gearing Expiry Mths Left Asia-Pacific532 words
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Article470 2012-03-29 30 Mar 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.584 0.782 8.105 53.020 95.944 0.865 11.846 3.199 1.272 94.717 44.845 1.312 7.942 0.942 30.851 32.087 0.655 1.044 Canada 0.962 6.334470 words
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Article57 2012-03-29 30 Mar 28 (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 rates57 words
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Article136 2012-03-29 30 Mar 28 GOLD(US$/oz) Mar 27 Mar 28 Hong Kong 1699.50 1687.30 Mar 28 Mar 26 Mar 27 London 1684.25 1683.00 1685.05 1683.75 Source: Thomson Reuters CAST BAR Mar 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 163 68 5gm 464 340 10gm136 words
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Article85 2012-03-29 30 Mar 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 28-Jun-12 0.31 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.09 5-Year N*****0Z 2.375 01-Apr-17 108.55 1-Year 10-Year NX*****X 2.25085 words
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Article57 2012-03-29 30 Mar 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3496.0 3512.0 3515.0 3495.0 154 6311 May 12 3467.0 3485.0 3499.0 3467.0 3150 ***** Jun 12 3466.0 3481.0 3494.0 3463.0 ***** ***** Jul 12 3455.0 3470.057 words
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Article154 2012-03-29 30 Mar 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3113 1.3126 1.0436 1.0444 Canadian dollar 1.2617 1.2626 1.0041 1.0046 Euro 1.6779 1.6788 1.3354 1.3358 NZ dollar 1.0308 1.0316 0.8204 0.8208 Sterling pound 2.0027 2.0036 1.5939 1.5942154 words
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Article121 2012-03-29 30 As at 9am Mar 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.28 Can dollar 1.287 1.238 Euro 1.708 1.643 Sterling pound 2.045 1.967 NZ dollar 1.06 1.01 US dollar 1.277 1.228 Local dollars to 100 units of foreign121 words
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Article154 2012-03-29 30 Mar 28 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ 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 12154 words
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BizIT
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Article, Illustration825 2012-03-29 31 VICTORIA HO - Engaging editorial content is the key differentiator for TravelShark, reports VICTORIA HO reportsVICTORIA VICTORIA HO People who travel are a hard lot to please. They want good deals and holiday information, but they also want that information from a trusted source, personalised and825 words
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Article, Illustration700 2012-03-29 31 Facebook CEO was not at major pre-IPO briefing for market Reuters [SAN FRANCISCO] Mark Zuckerberg wants at least US$5 billion from Wall Street investors, but those investors will not be getting much face time in return. The Facebook co-found-er and CEOReuters - 700 words
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230 2012-03-29 31 Bloomberg [MUMBAI] Satyam Computer Services Ltd, which is being bought out by Tech Mahindra Ltd, is in talks to acquire a company in Europe to strengthen the services it provides the aerospace industry. The company is in an advanced stageBloomberg - 230 words
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364 2012-03-29 31 JOSHUA TAN - By JOSHUA TAN TIGHT IT budgets, the popularity of the cloud and the availability of high-speed Internet have been a boon for the SaaS (software as a service) industry, which is expected to grow 17.9 per cent this year. According to research364 words
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Page 31 Advertisements
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Advertisement203 2012-03-29 31 THE BUSINESS TIMES “A CHORUS LINE” CONTEST i:: SEVEN I bbN DANUERb. EIUHI SHUTS. OnE DREAM. I'OMy OF ,/v Ci.o °fSr O/A/Q WUsi cal I Ht ULASSIU RRUAUWAY IVIUSIUAL fUR A NEW UENERaI IUN a I I OPENS MAY 2012. FOR A LIMITED SEASON ONLY! Following a sold-out season in203 words
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PROPERTY
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Article, Illustration1494 2012-03-29 32 Companies are trimming bets in the US$1t market for home-loan bonds without govt backing Bloomberg [NEW YORK] A rally in the mortgage securities that blew up in the crash of 2008 is leading firms to trim bets in the US$1.1 trillion market for homeloanBloomberg; REUTERS - 1,494 words
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Article848 2012-03-29 32 PROPERTY TRANSACTIONS FOR DISTRICTS 5 TO 28 WITH CONTRACT DATES BETWEEN FEB 29 AND MARCH 6, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED The Parc Cdo Apt 06/03/2012 FH 1302 1500 1152 District 8 NON-LANDED City848 words
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Article, Illustration1495 2012-03-29 33 MICHAEL KIMMELMAN - A half-century-old tower in a Parisian suburb gets a needed makeover By MICHAEL KIMMELMAN NYT [PARIS] Hard by the noisy highway, overlooking a cemetery and a former garbage dump, La Tour Bois-le-Pretre glimmers on a spring morning. Sheathed in a fresh cloak of glassNYT; BLOOMBERG - 1,495 words
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Article, Illustration1336 2012-03-29 34 More than half of that money can be used in ways that will not stop foreclosures, including some activities that are already standard bank practices, say critics NYT [NEW YORK] In February, JPMorgan Chase donated a home to an Iraq War veteran inNYT; AFP - 1,336 words
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Article, Illustration418 2012-03-29 35 Home prices surged more than 70% between early 2009 and June last year Bloomberg [HONG KONG] Hong Kong chief executive-elect Leung Chun-ying said he doesn’t see signs of overheating in the property market, reassuring investors concerned that he would introduce policiesBloomberg; AP - 418 words
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136 2012-03-29 35 Reuters [LONDON] Private equity fund PCP Capital Partners is in talks to buy a central London site owned by UK developer Land Securities for £230 million (S$454 million), a source familiar with the deal said. Arundel Great Court, which is locatedReuters - 136 words
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395 2012-03-29 35 Reuters [DUBAI] Qatari Diar, the property arm of Qatar’s sovereign wealth fund, is eyeing investments in emerging markets this year, the company’s chief executive said yesterday. The property firm, whose worldwide portfolio includes 49 projects valued at over US$39 billion, has been on aReuters - 395 words
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905 2012-03-29 36 KALPANA RASHIWALA - This is down from 3.8% in 2010 and 11.7% in 2009, shows Savills study By KALPANA RASHIWALA THE stiff seller’s stamp duty (SSD) rates unveiled in January last year have been effective in snuffing out speculation in private residential properties, a caveats905 words
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Article, Illustration399 2012-03-29 36 KALPANA RASHIWALA - By KALPANA RASHIWALA FRASERS Centrepoint had sold 50 units at its Palm Isles condo project in the Upper Changi location by 11pm last night. The developer began previewing the project at its showflat at Flora Drive at 6pm, releasing an initial batch399 words
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Page 32 Advertisements
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Advertisement7 2012-03-29 32 savills —I— TIT Lhisavills.com.sg agency no. l*****88b7 words
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Page 33 Advertisements
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Advertisement77 2012-03-29 33 COLLECTIVE SALE AT LORONG 26 GEYLANG No restriction on minimum land size for redevelopment Rectangular land approx 7860 sf Zoned Residential with PR 2.8 Over 80% consent (11 out of 12 owners signed) Can build 36 units of 600 sf Tender Closing 3.00pm on 24 April 2012 All submissions to77 words
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Advertisement111 2012-03-29 33 Mixed Landed Site Paya Lebar Crescent Land 1,189.1 sq m 12,799 sq ft Freehold, 3-storey mixed landed Within 1 km to Maris Stella High Methodist Girls’ Pri/Sec Schools Minutes’ drive to Serangoon Bartley MRT stations NEX Mall Potential for up to 7 strata terraces winston.koh@credo.com.sg (CEA Regn No: R*****8F) irinn@credo.com.sg111 words
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Advertisement108 2012-03-29 33 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
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Page 34 Advertisements
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Advertisement153 2012-03-29 34 GEYLANG ALJUNIED_-_ PAYALEBARB SIMSAVE 10 GEYLANG RD GUILLEMARD RD \l DAKOTA Orchard Road #03 -11 Concorde Hotel Shopping Mall B Singapore *****0 6, 6A, 6B 8, 8A, 8B LORONG 19 GEYLANG Freehold Residential/lnstitutional Land area: 5563 sqft Plot ratio: 2.8 up to 8 storey Near Aljunied MRT New favourite eateries153 words
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Advertisement84 2012-03-29 34 INDUSTRIAL LAND NEAR MRT STATION Located at Eunos Avenue 3 Land area: 7,717.3 sq m HDB leasehold balance 28 years Rare rectangular shaped industrial land Land rent of only $12 per annum Ideal for redevelopment Excellent connectivity by MRT highways Near the vibrant Raya Lebar Eunos commercial hub FOR SALE84 words
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Advertisement152 2012-03-29 34 8 Nassim Hill (Luxury Home) 3 storey “Townhouse” Penthouse Freehold. Foreigners eligible Immediate Occupation Private Pool with Lawn Cobroke welcome ReAnne Leu 9183 3547 (Reg. No.: R*****2B) Estate Agent Licence No: L*****01G DTZ Debenham Tie Leung (SEA) Pte Ltd FOR SALE LANDMARK PERTH OFFICE INVE TMENT WITH SIGNIFICANT UPSIDE 1152 words
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Page 35 Advertisements
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Advertisement374 2012-03-29 35 FOR SALE 200 UPPER THOMSON ROAD Freehold •11,011 sqft Commercial/Shop Long Term Lease •5+3+3 from 12/2011 Prime Tenant Annual Rent $633,600 Near Marymount MRT Future Enbloc Potential Share Value 20% Price $1,650 per sqft INVEST FOR LONG TERM YIELD AND CAPITAL GAIN Call Owner Wellspring Investments Ltd Office Tel; 6476374 words
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Advertisement309 2012-03-29 35 i SAFFRON J SQUARE CROYDON 1 Invest now in Saffron Square and capitalise on the multi £billion regeneration that is repositioning Croydon as London’s third City and as a major financial hub. Centrally located development of superbly specified 1,2 and 3 bedroom apartments and penthouses with access to private roof309 words
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Page 36 Advertisements
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Advertisement265 2012-03-29 36 MBFC Towers 1 and 2 1.6 million sf Sole Leasing Agents 100% pre-let Robinson Centre Sold in 2011 for $292 million MBFC Tower 3 1.3 million sf Sole Leasing Agents 65% pre-leased to date DBS Towers 1 2 Singapore's 2 nd largest office sale $871 million The Sail Sales Marketing265 words
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