The Business Times, 3 May 2012
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2012-05-03
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The Business Times
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Title Section25 2012-05-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, May 3, 201225 words
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969 2012-05-03 1 JAMIE LEE - Definition of independence watered down somewhat; most proposals accepted in full By JAMIE LEE [SINGAPORE] The Code of Corporate Governance has been given its final shape, with the Monetary Authority of Singapore (MAS) accepting most proposals that were submitted last year. But, in969 words
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MARKETS DIGEST
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Article110 2012-05-03 1 GST INDEX 3,006.14 (+27.57) GST INDEX FUTURES 2,987 (+29) GSIMSCI 346.01 (+2.92) GSIMSCI FUTURES 344.30 (+3.50) us$ s$ US$ (S$ per US$) 1.239 (US$/S$ per 1.619 2.006 EURO (US$/S$/E) 1.317 1.631 Foreign currency per US$ S$ YEN 80.30 64.80 RM 3.028 2.444 HK$ 7.758 6.262 BAHT 30.84 24.90 RUPIAH110 words
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Article17 2012-05-03 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.508 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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Article, Illustration648 2012-05-03 1 VICTORIA HO - It changed tack after foreign-local tie-ups failed to take off By VICTORIA HO [SINGAPORE] The Media Development Authority’s vision of creating a mini Hollywood here by co-funding foreign tie-ups has dissolved into something more realistic. Its loftier goal to see hundreds of millionsKELVIN SNG PRODUCTIONS - 648 words
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Advertisement237 2012-05-03 1 ASTRO Pay-TV provider: Lippo trying to avoid paying damages PAGE 2 BizIT Rushing out apps to make apps PAGE 28 STOCKS Firmer US, China data cheer Asian markets PAGE 4 PROPERTY China’s April home prices hit 14-month low PAGE 29 Assess your financial risk tolerance before you start investing. Find237 words
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TOP STORIES
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THREE-MINUTE DIGEST
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Article512 2012-05-03 2 Governance code gets MAS nod, with tweaks The Code of Corporate Governance has been given its final shape, with the Monetary Authority of Singapore accepting most proposals that were submitted last year. But in at least one area, it has watered down the definition of independent directors proposed by the512 words
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Article, Illustration760 2012-05-03 2 PAULINE NG - KL firm adds that allegations against deputy chairman are unsubstantiated By PAULINE NG in Kuala Lumpur ASTRO All Asia Networks said yesterday the allegations of criminal wrongdoing levelled against its executive deputy chairman Ralph Marshall in Indonesia were unsubstantiated. It accused the LippoTHE STAR - 760 words
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Article, Illustration433 2012-05-03 2 LEE U-WEN - By LEE U-WEN [SINGAPORE] The government would consider stepping in if the proportion of “shoebox” units in Singapore becomes too high, said National Development Minister Khaw Boon Wan yesterday. While he acknowledged the fact that homes being built by private developers were getting smaller, heFILE PHOTO - 433 words
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655 2012-05-03 2 S JAYASANKARAN - But carriers will keep cooperating for cost savings By S JAYASANKARAN in Kuala Lumpur MALAYSIA Airlines (MAS) and budget carrier AirAsia yesterday moved to unravel a controversial share swap between the two groups but will continue to cooperate through a collaboration framework ahead of a655 words
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Article, Illustration547 2012-05-03 4 LATEST US DATA Bloomberg [WASHINGTON] Companies added the fewest number of US workers in seven months in April, a reminder that the job market will take time to strengthen, a private report based on payrolls showed yesterday. Employment increased by 119,000 followingBloomberg; REUTERS - 547 words
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570 2012-05-03 4 CONRAD TAN - But analysts call for caution, citing weak US recovery and Europe debt woes By CONRAD TAN [SINGAPORE] Stocks across Asia rose yesterday, buoyed by positive manufacturing data from the United States and China that suggested improving conditions in two of the world’s570 words
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Article, Illustration628 2012-05-03 4 NEIL BEHRMANN - By NEIL BEHRMANN in London MEDIA analysts are expecting Chase Carey, News Corporation’s deputy chairman and chief operation officer, to succeed Rupert Murdoch as chief executive. Mr Murdoch, 81, who is currently chairman and chief executive and whose family owns just under 40BLOOMBERG - 628 words
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Article, Illustration570 2012-05-03 4 Reuters [BRUSSELS] European Union finance ministers struggled yesterday to reach a deal on forcing banks to set aside more capital to cushion future losses, with Spain saying the bloc had to dispel doubts about the strength of its lenders. The EU’s 27 members areReuters - 570 words
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Advertisement250 2012-05-03 2 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School University of California Berkeley Haas School of Business A strategic fusion of East and West business wisdom. Be a part of this distinguished cohort. "The BNAMP is insightful and extraordinary, with valuable lessons on business innovation, marketing, strategy development and global brand building that250 words
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Advertisement190 2012-05-03 3 www.vw.com.sg V m m t m A Passat i Iv J^-jH 0 "2^ y m m u The Passat. How an executive sedan should be. This beautifully designed, German-engineered sedan has all the features you’d expect from a car of its class, and a few you might not, such as:190 words
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Advertisement179 2012-05-03 4 UTURECHINA LOI AL FORUM 2012 Ya w 9-10 July 2012 Shangri-La Hotel, Singapore rr^A 9. > SEIZING NEW OPPORTUNITIES, MANAGING NEW UNCERTAINTIES Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including Lee Hsien Loong Prime Minister, Singapore (Keynote speaker for Closing Lunch Dialogue179 words
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Advertisement90 2012-05-03 6 English Workplace /[TEA SINGAPORE 1 I IA/C I WORKFORCE SKILLS BETTER COMMUNICATION, GREATER EFFICIENCY, HIGHER PRODUCTIVITY 1 vvo l nilAI .cirA-rinwc V Work Safely with Effective Communication English Workplace brings customised English courses to your workplace. Your staff will be able to: Communicate better Enhance their personal effectiveness Improve individual90 words
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COMPANY NEWS
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Article, Illustration359 2012-05-03 6 Reuters [NEW DELHI] Bharti Airtel, India’s biggest mobile-phone carrier by subscribers, reported its ninth straight quarterly profit decline, hurt by intense price competition, higher interest costs and foreign-exchange fluctuation losses. The company, controlled by billionaire Sunil Mittal, has lost market share in theReuters; REUTERS - 359 words
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144 2012-05-03 6 Bloomberg [LONDON] Temasek Holdings is selling about US$1.2 billion of shares each of Bank of China and China Construction Bank in Hong Kong, according to term sheets obtained by Bloomberg News. Temasek unit Fullerton Financial Holdings is selling about US$1.2 billion of BankBloomberg - 144 words
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615 2012-05-03 6 SIOW LI SEN - Most of the affected are managers and operations, support, back-office staff By SIOW LI SEN SINGAPORE Telecommunications’ Australian unit, Optus, will lay off 750 people, slashing almost 8 per cent of its workforce in a restructuring exercise. In a statement yesterday, Optus615 words
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Article, Illustration655 2012-05-03 9 KELLY TAY - Observers hail this as a sign of maturing shareholders AGM WATCH By KELLY TAY SOME Singaporean shareholders are using their mouths less to scupper down buffet spreads at annual general meetings (AGMs), and more to raise substantial issues which onlookers say is a welcome sign655 words
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Article441 2012-05-03 9 William Lee says hedge fund will exploit mispricing in derivative markets, broad economic trends Bloomberg [HONG KONG] William Lee, who led JPMorgan Chase Co’s Asia-Pacific equity derivatives business, plans to start his own hedge fund this year that will exploit mispricing in the region’s derivative marketsBloomberg - 441 words
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COMPANY BRIEFS
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Article85 2012-05-03 9 BOBBY Chin Yoke Choong has been appointed a non-executive director of SingTel, effective May 1. Mr Chin, 60, was KPMG Singapore managing partner 1992-2005. He serves on many public organisations and sits on the boards of several listed companies. He is a member of the85 words
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Article72 2012-05-03 9 COSCO Corporation (Singapore) has secured a US$200 million contract to construct a vessel for operation in the Santos Basin, Gulf of Mexico and in the North Sea. The deal was won through Cosco (Nantong) Shipyard Co, a subsidiary of its 51 per cent-owned Cosco Shipyard Group.72 words
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Article44 2012-05-03 9 HAI Leck Holdings warned that it expects to report a loss for the fiscal third quarter of FY2012 on the back of escalating costs. But the group expects to remain profitable for the first nine months of FY2012.44 words
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Article77 2012-05-03 9 HI-P International reported a 91 per cent drop in first-quarter net profit despite higher revenue, but said it expects robust orders in the second half. Hi-P earned $1.5 million in the three months ended March, down from $17.9 million a year earlier. The fall in earnings77 words
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41 2012-05-03 9 SING Investments Finance posted net profit of $3.04 million for the first quarter ended March 31, down 22.4 per cent year on year. Reasons cited include thinner interest spread in a low interest rate environment.41 words
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Article, Illustration395 2012-05-03 9 LYNN KAN - By LYNN KAN MEMBERS of the G6 Alliance, which include Neptune Orient Lines’ APL, have halted plans to add a seventh loop service on the Asia-North Europe lane. The six container lines in the alliance will keep to running six loopsBLOOMBERG - 395 words
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479 2012-05-03 9 LEE U-WEN - By LEE U-WEN DOWNWARD rating pressure could gradually increase for Singapore banks as their credit profiles become increasingly linked to Asia’s high-growth markets, said Fitch Ratings in a new report released yesterday. But the likely maintenance of strong balance sheets and prudence in479 words
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Article, Illustration715 2012-05-03 10 NISHA RAMCHANDANI - Company expected to incur higher energy, staff costs, capital expenditure By NISHA RAMCHANDANI ANALYSTS trimmed target prices for SMRT Corporation, calling a sell on the stock amid concerns that the transport operator looks set to face more headwinds in the near-term.ALPHONSUS CHERN/THE STRAITS TIMES - 715 words
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478 2012-05-03 10 Bloomberg [SINGAPORE] SC Global Developments Ltd, a Singapore luxury property developer, fell to a three-month low after saying it will probably post its second quarterly loss. The stock declined 4.7 per cent to S$1.005 at the close in Singapore, its lowest sinceBloomberg - 478 words
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Advertisement115 2012-05-03 7 FORT rrum 128 EXCLUSIVE DESIGNER RESIDENCES ONE PRESTIGIOUS FREEHOLD ADDRESS IT’S YOUR TURN FULCRUM MOUNTBATTEN RD MEYER RD < city ECR AIRPORT > SHOWFLAT NOW OPEN 33 FORT RD 6844 6996 r M ■p \v I >■ m mm Ifiijj| iSIKi pi Mi ‘Ml r “A' 1 Siltt 5 jP115 words
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SINGAPORE MARKETS
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Article, Illustration586 2012-05-03 8 R SIVANITHY - JEL leads with 1.7-cent rise on volume of 487m as churning of micro-caps resumes STOCKS R SIVANITHY Senior Correspondent Activity in sub-20 cents stocks or mi-cro-caps as they have been called picked up yesterday as the Straits Times Index (STI) rose 27.57Source: Bloomberg - 586 words
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Article186 2012-05-03 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 2 0 0 0 11 4 2 Manufacturing 81 42 31 12 5 7 93 47 38 Commerce 29 17 17 6 3 1 35 20 18 Tpt/Stor/Comms 24 10 8186 words
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Article950 2012-05-03 8 CONRAD TAN - Compiled by CONRAD TAN CapitaLand May 2 close: $2.97 Maybank Kim Eng Research, May 2 CAPITALAND has posted a Q1 2012 net profit of $133.2 million (up 31 per cent y-o-y, down 72 per cent q-o-q). Excluding revaluation gains, its core net profit of $107.2 million would have950 words
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Article123 2012-05-03 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,602 31,602 73,368 73,368 Manufacturing 305,141 228,508 533,649 207,065 6,309 213,374 Commerce 1,157,793 65,959 1,223,752 224,863 3,173 228,036 Tpt/Stor/Comms 123,838 19,666 143,504 165,674 6,578 172,252 Finance 23,632 150 23,782 142,316 22 142,338 Construction 160,535 3,725123 words
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Article113 2012-05-03 8 Stock name Close Change CapMallsAsia 1.515 -0.025 CapitaLand 2.970 +0.030 CapitaMall 1.805 +0.005 CityDev 10.160 +0.020 ComfortDelGro 1.515 -0.015 DBS Grp 14.150 +0.190 F&N 7.170 +0.130 GLP 2.100 +0.040 Genting SP 1.750 +0.020 Golden Agri 0.735 HK Land 6.240 +0.030 JMH 50.210 +0.560 JSH 32.700 +0.520113 words
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Article, Illustration440 2012-05-03 8 CURRENCIES Reuters [NEW YORK] The euro fell for a third straight session against the US dollar yesterday after soft data rekindled fears about a deep and broader slowdown in the eurozone, which seemed vulnerable ahead of key elections in France and Greece. TheReuters; BLOOMBERG - 440 words
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Article66 2012-05-03 8 May 2 VALUE CLOSE BT OB/OS -159.00 +280.0 BT CADI -*****.00 +181.0 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 687.92 +6.97 FTSE ST Small Cap 459.11 +4.77 FTSE ST All Share 725.97 +6.81 FTSE ST China Top 217.08 +2.30 FTSE ST China 252.14 +2.80 FTSE66 words
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Article58 2012-05-03 8 VOLUME JEL Corp 487,465,000 TT Intl 454,544,000 GP Hotels 142,001,000 MDR 137,286,000 SingXpress 83,181,000 EuNetworks 83,109,000 Rowsley 77,033,000 HLH Grp 72,077,000 Informatics 65,970,000 IPCO Intl 61,757,000 VALUE($) SingTel 70,509,942 DBS Grp 67,837,410 TT Intl 65,910,810 Genting SP 63,149,805 Noble Grp 60,282,540 Keppel Corp 49,699,950 GP Hotels 41,499,00058 words
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Article113 2012-05-03 8 BY CENTS CLOSE UP Lyxor AsiaCS 10US$ 5537 605.5 9.7 DBXT AUD Bonds 5AU$ ***** 158.5 0.7 DBXT MSTHAI 10US$ 1948 81.7 3.5 JMH 5021 69.3 1.1 JSH 3270 64.4 1.6 DBXT MSAsExJp 10US$ 3145 50.8 1.3 DBXT FTChina25 10US$ 2865 47.1 1.3 DBXT CSI300 10US$ 870 38.4 3.7113 words
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Article129 2012-05-03 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -137.5 -0.7 Asia Pac Brew 3310 -89.0 -2.6 DBXT FTVietnam 10US$ 2630 -35.9 -1.1 Daiwa FT Shariah Jap 756 -23.5 -2.5 DBXT MSEurope 10US$ 4386 -18.6 -0.3 IS MS India 100US$ 575 -16.1 -2.2 Yanlord BPeCW*****2 39.5 -8.5 -17.7 Hyflux 6% CPS129 words
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Advertisement104 2012-05-03 9 (Left) A superb 6.04ct pigeon’s blood Burma, no heat cushion-shaped ruby and diamond ring, by Etcetera HK$20,000,000- $30,000,000 USS2,500,000 $3,800,000 (Right) CHOPARD A magnificent and rare 18k white gold and baguette diamond-set bracelet watch, “Your Hour”, circa 2005 HK$800,000-$1,200,000 US$100,000-$150,000 1 tr Fine and Rare Wines Asian 20 th Century104 words
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Advertisement66 2012-05-03 10 OUR DISPLAYS YOUR JTENTION OUR MUSIC MOVE YOUR FEET. Luxury isn't replacing elevator music with a jazz quartet. It's keeping you upbeat as you wait for a friend who's been running late for the last three songs. Music EnVogue: Claressa Monteiro 2 14 May Skye Sirena 16-28 May 1 DAILY66 words
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SINGAPORE NEWS
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666 2012-05-03 11 RONNIE LIM - LNG from shale gas projects could cost 33% less, pegged to cheaper gas prices By RONNIE LIM THERE is potential for Singapore which has a free trade agreement (FTA) with the United States to import some LNG from shale gas projects there666 words
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Article, Illustration765 2012-05-03 11 EVE YEO - More firms find less common ways to win over employees By EVE YEO IN the first year of joining Greenpac, Edmund Chen went on a three-day tour of Ho Chi Minh city in 2006 with his new colleagues. Since then, the sales manager at765 words
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385 2012-05-03 11 TIMOTHY LOH - By TIMOTHY LOH ELEVEN lucky startups will soon be getting one-on-one mentorship from successful entrepreneurs and up to $50,000 in financial help. The first batch of Action Community for Entrepreneurship (ACE) Startup grants will see beneficiaries getting a personal mentor who385 words
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SINGAPORE ROUNDUP
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88 2012-05-03 11 SINGAPORE Press Holdings’ CATS Classified is holding the inaugural Life Matters exhibition on May 5-6 at the Suntec Convention Hall 402. The event, aimed at promoting active ageing and awareness on end-of-life planning, will also include the final of a “Fill This Space” coffin-art88 words
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102 2012-05-03 11 THE Urban Redevelopment Authority (URA) has announced the formation of a Rail Corridor Partnership to look into the programming and promotion of community activities along the Rail Corridor. The Partnership is an expansion of the Rail Corridor Consultation Group, which was formed last July102 words
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40 2012-05-03 11 AEC Education has appointed Chong Chee Leong as CEO of AEC College in Singapore from May 1. Dr Chong joins AEC from PSB Academy, where he was deputy CEO and academic dean.40 words
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Article, Illustration379 2012-05-03 11 LEE U-WEN - By LEE U-WEN CHINA, South Korea, Japan and the 10 members of the Association of Southeast Asian Nations (Asean) are expected to announce today an agreement on doubling the size of their regional currency swap deal to US$240 billion. The finance ministers379 words
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Advertisement292 2012-05-03 11 BUSINESS LEADERS INITIATIVE CEO LEADERSHIP EXCHANGE 23 24 May 2012 THE Nl :W NOR AN EXCLUSIVE EVENT FOR CEOs AND SENIOR MANAGEMENT The Global New Normal and Opportunities for Home Grown Global Champions Growth Amidst a Backdrop of Changes in the Global Environment OTHER SPEAKERS AND PANELISTS: Mr Willie Cheng292 words
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ECONOMY WATCH
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Article, Illustration534 2012-05-03 12 Nearly half the countries in the area are now officially in recession AP [LONDON] Record unemployment figures for the 17 countries that use the euro are set to increase the pressure on Europe’s leaders to switch from a focus on harsh austerityAP - 534 words
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458 2012-05-03 12 Credit Suisse’s PMI falls to 46.9 from 51.1 a month earlier Reuters [ZURICH] Switzerland’s manufacturing sector contracted sharply in April as an economic slowdown in the neighbouring eurozone crimped export demand, dousing hopes the economy was shaking off the worst impact of aReuters - 458 words
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722 2012-05-03 12 Reuters [SAN DIEGO] The risk of inflation is keeping the Federal Reserve from doing more to support the US economy, according to comments from several top Fed officials that, taken together, reinforced the notion the central bank is happy to stand patReuters - 722 words
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469 2012-05-03 12 57 media organisations have closed down, print advertising is down 22% AFP [MADRID] More than 6,000 journalists have lost their jobs in Spain in the three years since the economic crisis broke out, the industry warned ahead of World Press FreedomAFP - 469 words
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Advertisement1007 2012-05-03 12 WATS NOTICES STAMFORD TYRES CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****4416M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Stamford Tyres Corporation Limited (the “Company”) will be held at 19 Lok Yang Way, Singapore *****5 on 181,007 words
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MALAYSIA/INDONESIA
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Article, Illustration461 2012-05-03 13 KL praised for stiffer copyright protection and anti-piracy enforcement [KUALA LUMPUR] The US on Tuesday removed Malaysia from its Special 301 List, saying that Kuala Lumpur has significantly strengthened its protection of copyright and its enforcement against piracy. US Trade Representative (USTR) RonAP - 461 words
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394 2012-05-03 13 Bloomberg [KUALA LUMPUR] Malaysia has appointed Maybank Investment Bank, CIMB Investment Bank, RHB Investment Bank and AmInvestment Bank to manage a sale of Islamic bonds to partly finance the construction of a mass railway in Kuala Lumpur, three people familiar withBloomberg - 394 words
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226 2012-05-03 13 Reuters [SYDNEY] Insurance Australia Group (IAG) says it is looking to enter the Indonesian market, as Australia’s largest home and car insurer seeks to expand its footprint in faster-growing Asian markets. IAG chief executive Mike Wilkins said yesterday that its interest in IndonesiaReuters - 226 words
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Advertisement371 2012-05-03 13 Buy the horological timepiece you desire and fly free to Hong Kong You've been eyeing that coveted timepiece at The Hour Glass for some time. Now, let us give you an added push to fulfil your desire! From 3 to 7 May, get a free air ticket* to Hong Kong,371 words
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GREATER CHINA/INDIA
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Article, Illustration498 2012-05-03 14 But slower output growth, increasing price pressures dampen sentiment Reuters [BANGALORE] The pace of growth in India’s factory sector inched up in April, supported by bulging order books, but slower output growth and increasing price pressures dampened sentiment, a businessReuters; REUTERS - 498 words
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318 2012-05-03 14 AP [SHANGHAI] Manufacturing surveys released this week provided mixed signals over the state of China’s economy. A survey released yesterday showed manufacturing contracted in April for the sixth straight month, though the rate of deterioration had slowed. Adjusted for seasonal conditions, HSBC’s purchasingAP - 318 words
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263 2012-05-03 14 Reuters [SHANGHAI] China has given foreign insurance firms full access to its US$32 billion auto insurance market, allowing them from this month into a segment of the business that was earlier reserved for domestic players in the world’s biggest car market. Foreign insurersReuters - 263 words
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471 2012-05-03 14 Earnings hit 25b patacas; Wynn gets ok for new casino Reuters, AFP [HONG KONG] Gambling revenue in Macau, the world’s biggest gambling destination, surged 21.9 per cent to 25 billion patacas (S$3.9 billion) in April, in line with analyst forecasts, after theReuters, AFP - 471 words
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406 2012-05-03 14 Reuters [BEIJING] China will postpone the implementation of new capital adequacy rules for banks until the end of this year, three sources told Reuters. Two sources in the financial sector and one with direct knowledge of the discussions between the government andReuters - 406 words
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WORLD
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Article, Illustration765 2012-05-03 15 ECB’s easy money policy seen a risk as wages and property prices are rising Reuters [BERLIN] While its European partners agonise about recession, austerity and rising unemployment, Germany is shifting its attention to a very different, and yet familiar, source of angst inflation.Reuters; AFP - 765 words
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Article, Illustration469 2012-05-03 15 ANTHONY ROWLEY - Mr Kuroda also warns of rising inequality in region By ANTHONY ROWLEY in Manila ASIA should be able to maintain its strong growth momentum “despite ongoing troubles elsewhere in the world”, Asian Development Bank president Haruhiko Kuroda declared yesterday at the opening of theAFP - 469 words
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544 2012-05-03 15 Reuters [LONDON] Spain is sounding out investment banks including Credit Suisse, Goldman Sachs and UBS as it seeks a credible fix for its banks roiled by a collapse in real estate prices and now threatening the creditworthiness of Spain itself, sources said.Reuters - 544 words
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Article418 2012-05-03 15 Reuters [HONG KONG] Standard Chartered (Stanchart) said it expected to grow income by 10 per cent or more this year even though growth dipped below that pace in the first quarter due to weakness in India and the strength of the US dollar against Asian currencies.Reuters - 418 words
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313 2012-05-03 15 Reuters [ATHENS] Standard Poor’s (S&P) raised Greece’s credit rating out of default territory yesterday, as expected after Athens slashed its debt by about a third by completing the biggest sovereign debt restructuring in financial history. But the firm kept Greece firmlyReuters - 313 words
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Article, Illustration650 2012-05-03 16 Unit won a net 6.7b Swiss francs in fresh assets in Q1 and hiked margins Reuters [ZURICH] UBS AG posted healthy results from its flagship private bank on Wednesday, underscoring the Swiss lender’s appeal as a haven for the savings of the world’s wealthyReuters; BLOOMBERG - 650 words
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728 2012-05-03 16 Bloomberg [SYDNEY] Australia New Zealand Banking Group, Australia’s third-largest bank by market value, said first-half profit climbed 10 per cent on higher overseas income. Net income in the six months ended March 31 rose to A$2.92 billion (S$3.7 billion) from A$2.66 billionBloomberg - 728 words
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264 2012-05-03 16 Reuters [BANGKOK] Thailand’s central bank left its benchmark interest rate unchanged at 3.0 per cent for a second meeting yesterday but warned about inflation risks from higher oil prices and minimum wages, as the economy recovers from last year’s floods. The centralReuters - 264 words
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Article, Illustration704 2012-05-03 17 Man Group’s poor performance at LSE prompts speculation about its takeover NYT [NEW YORK] The Man Group, a London institution known for its computerdriven trading and famed literary prize, has taken a pounding in the eyes of investors and clients, raising questions aboutNYT - 704 words
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Article, Illustration743 2012-05-03 17 Bloomberg [TORONTO] When Research In Motion Ltd chief executive officer Thorsten Heins unveiled a prototype of the new BlackBerry 10 phone on Tuesday, it lacked a feature that has kept legions of users loyal to the platform: a physical keyboard. AtBloomberg; BLOOMBERG - 743 words
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333 2012-05-03 17 Reuters [DUBAI] Banque Saudi Fransi, the kingdom’s fifth-biggest bank by market capitalisation, plans to issue its first dollar-denominated Islamic bond, or sukuk, depending on market conditions, and has picked banks to arrange investor meetings. The lender has picked Citi, Deutsche Bank and CreditReuters - 333 words
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311 2012-05-03 18 Reuters [SYDNEY] Australian production of wine grapes is set to sink to a five-year low this year after two wet summers damaged vines in New South Wales and South Australia, data yesterday showed. Production in the 2011/12 season will total about 1.53Reuters - 311 words
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Article, Illustration740 2012-05-03 18 Carmaker’s strong lineup helps industry post best April results in 4 years NYT [DETROIT] Toyota made a big comeback last month after two years of struggles in the United States, helping the auto industry post its best April results in four years,NYT; AP - 740 words
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548 2012-05-03 18 Reuters [TOKYO] General Motors Co first proposed taking a controlling stake of more than one-third in Isuzu Motors Ltd an investment worth some US$3 billion but is now seeking a smaller holding after the Japanese truck maker said it wanted to remainReuters - 548 words
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979 2012-05-03 19 Debate could be Sarkozy’s last chance to avoid defeat to Hollande Reuters [PARIS] Nicolas Sarkozy was set to face Francois Hollande in a “moment of truth” television debate yesterday that could be the French president’s last chance to avoid defeat at theReuters - 979 words
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443 2012-05-03 19 Bloomberg [NEW YORK] Investors reduced commodity holdings for seven straight sessions, the longest slide since November, a possible sign that a rally in prices may be short-lived amid mounting concern that global growth will slow. Open interest, or the number of contractsBloomberg - 443 words
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Article, Illustration386 2012-05-03 19 Reuters [SAN FRANCISCO] The roadshow for Facebook Inc’s initial public offering is scheduled to start on Monday, meaning the company’s shares should begin trading on May 18, a source familiar with the process said on Tuesday. Founder and CEO Mark Zuckerberg, who has mostly operated inReuters; AP - 386 words
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Advertisement1042 2012-05-03 17 Standard Bank Plc Consolidated statement of financial position at 31 December 2011 2011 2010 $m $m Assets Derivative assets 6 993.5 6 454.3 Trading assets 6 541.0 7 329.1 Financial investments 3 68.2 121.4 Pledged assets 126.8 735.1 Loans and advances 13 023.8 15 680.7 Loans and advances to banks1,042 words
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Advertisement120 2012-05-03 18 e If You ve Attained The Perfect Balance Of Success Be Recognised At E50 Awards 2012 It s time to stack up against the competition and emerge tall among our top 50 winners. As an E50 recipient, you will be poised to reach new heights. Qualifying Criteria: Homegrown, privately owned120 words
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Advertisement2452 2012-05-03 19 KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MALACCA HOLDING PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****7920R) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies2,452 words
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EDITORIAL & OPINION
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Article455 2012-05-03 20 EDITORIAL FOR more than 30 years, Asia’s economies have been feted for their rapid economic growth. But the new buzzword among policymakers in the region is “inclusive growth”. This is the main theme of the 45 th annual meetings of the Asian Development Bank (ADB),455 words
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Article, Illustration781 2012-05-03 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent SOCIAL unrest has become very much a “here and now” problem in the eurozone, with anti-austerity demonstrations erupting in Greece and then in Italy and Spain. Further down the road, the phenomenon could manifest itself in781 words
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Article, Illustration1089 2012-05-03 20 GERARD LYONS - Asian economies are faring much better but developments in euro area still drive sentiment By GERARD LYONS Gerard Lyons is chief economist at Standard Chartered Bank THE optimism seen in global financial markets during the first three months of this year is already givingAFP - 1,089 words
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Article, Illustration1061 2012-05-03 21 BALA CHAKRAVARTHY, SOPHIE COUGHLAN - Some companies have found ways to get around the problem of distributing their products to the customers By BALA CHAKRAVARTHY, SOPHIE COUGHLAN Bala Chakravarthy is professor of strategy and international management at IMD. Sophie Coughlan is a research associate at IMD. An earlier version ofFILE PHOTO; BLOOMBERG - 1,061 words
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Article, Illustration892 2012-05-03 21 WILLIAM PESEK JR - WILLIAM PESEK JR William Pesek is a Bloomberg View columnist. The opinions expressed are his own HILLARY Clinton’s Beijing agenda is growing longer and more daunting by the minute. Everywhere the US Secretary of State looks in today’s China-US relationship, tensions that mightAFP - 892 words
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367 2012-05-03 21 Ang Hao Yao - LETTER TO THE EDITOR Ang Hao Yao THE Annual Report and Annual General Meeting season for December year-end companies has just ended. Over the course of the past one month, I have noticed some differences in the timing of receipt of annual reports when367 words
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AVIATION
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Article, Illustration680 2012-05-03 22 After many studies, debate is still raging among businesses, environmentalists and residents NYT [LONDON] As any pilot knows, landing an aircraft in a crosswind is a challenge. So, too, is deciding where or whether to build a runway. The politicalNYT; BLOOMBERG - 680 words
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181 2012-05-03 22 Reuters [JEDDAH] Saudi Arabia expects to begin construction work in November to triple capacity at its Riyadh airport and expects the project to be completed by 2015, the General Authority for Civil Aviation (GACA) said here on Tuesday. “The expansion will include the constructionReuters - 181 words
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Article, Illustration607 2012-05-03 22 Reuters [VANCOUVER] WestJet Airlines Ltd, Canada’s No 2 airline, has selected Bombardier Inc to supply up to 45 aircraft for a regional carrier it is setting up to chip away at its struggling competitor Air Canada. WestJet, which also reported a steeper-than-ex-pected 42 per centReuters; BLOOMBERG - 607 words
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447 2012-05-03 22 AP [HONOLULU] A federal probe into how an air traffic controller’s error put two jets in danger of colliding over Hawaii shows the worker didn’t believe he was ready to direct aircraft from the radar station where he was assigned and had asked forAP - 447 words
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433 2012-05-03 22 But signals have not endangered the aircraft, adds official AFP [SEOUL] Electronic jamming signals from North Korea have been affecting scores of civilian flights in and out of South Korea but did not endanger the aircraft, a Seoul official said yesterday. “We’ve confirmed theAFP - 433 words
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Page 22 Advertisements
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Advertisement16 2012-05-03 22 > Home in on a variety of property listings in Malaysia @STProperty.sg 0 m i^i 0 STPROPERTY.sg16 words
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Page 22 Miscellaneous
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Miscellaneous315 2012-05-03 22 CRYPTIC CROSSWORD Across 1 Dam childishly associated with large beaver perhaps (6) 5 Bid competitively totally in control of clubs (8) 9 Finished outside haven in storm without favour (4-6) 10 Bond’s spoken of wild cat (4) 11 Make slight sharp sound eating noisily (8) 12 Take some euros to315 words
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SHIPPING
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Article, Illustration390 2012-05-03 23 Lower commodity, transportation costs will beat domestic opposition: Barclays Bloomberg [LONDON] The world’s biggest iron-ore carriers probably will win access to Chinese ports soon because they cut transportation and commodity costs, trumping opposition from domestic shipowners, Barclays Capital said. Vale SA, the largestBloomberg; BLOOMBERG - 390 words
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241 2012-05-03 23 Bloomberg [LONDON] A surplus of the largest oil tankers competing to load cargoes of Middle East crude expanded to a six-week high on weaker demand for ships, a survey showed. There are 12 per cent more very large crude carriers (VLCCs) available forBloomberg - 241 words
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395 2012-05-03 23 Bloomberg [LONDON] The fleet of capesize ships that carry iron ore and other dry-bulk commodities is expanding to a record size as vessels whose delivery was delayed enter service, Barry Rogliano Salles said. First-quarter deliveries of the ships came to 14.8 million deadweightBloomberg - 395 words
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Article253 2012-05-03 23 SGX '000 May 2 S$ +/-Vol CH Offshore 0.48 0.01 6252 Chuan Hup Hldg 0.24 0.01 384 Cosco Corp 1.05 0.02 5171 s$ Ezra Hldgs 1.07 0.06 8540 First Ship Lea 0.20 unch 676 Freight Links 0.06 unch 1834 Grand Banks unch unch 0 Jaya Hold Ltd 0.57253 words
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2085 2012-05-03 24 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 r 8 n UC63 n CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia2,085 words
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Advertisement708 2012-05-03 23 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00 am to 5.30 pm) What you will learn: Helping your sales team overcome day-to-day challenges Evidence-based coaching models to support your sales team Getting accountability from your sales708 words
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Page 24 Advertisements
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Advertisement17 2012-05-03 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II17 words
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Advertisement28 2012-05-03 24 Experienced sh/p maintenance M your services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Mil. UUJIIYLJJ IIIVILJ Shipping Times28 words
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SINGAPORE STOCKS
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Article3155 2012-05-03 25 Transaction date: May 2 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 123 92.5 AIMSAMPIReit 120.5xd -0.5 474 120.5 118.53,155 words
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Article235 2012-05-03 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 Last Vol Day Last Quote DivGrYld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 4. 3.3 6.5235 words
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Article7557 2012-05-03 26 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 Smaller Cos 17,557 words
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Article201 2012-05-03 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50.5 31.5 AVJennings A34 unch 2 34 34 34 36.5 3.6 10.3 2.7 88.5 46 25.5 Genting HK US$ US37 unch 4890 37.5 37 37 37.5 2436.3201 words
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Article939 2012-05-03 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 111.5 ABF SG Bond ETF 118 -0.3 26 118 118 117.5 118.5 538.6 103 100 CIMB APAC Div 100US$ US103 +0.5 20 103 103 102.2939 words
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FINANCE & COMMODITIES
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Article592 2012-05-03 27 May 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9397.87 9417.96 9344.53 Jun12 9330.00 9425.00 9290.00 9370.00 ***** *****3 Sep12 9310.00 9415.00 9300.00 9365.00 0 7972 MSCI TAIWAN INDEX FUTURES SPOT 268.69 275.11 268.69 May12 267.50 275.00 267.50 274.40 1833 *****2 Jun12 272.30 272.30592 words
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373 2012-05-03 27 In local curr In S$ In US$ dy yr dy yr dy yr May 1 Index Change Change Change Change Change Change World Preliminary 906.1 0.5 9.2 0.4 4.8 0.5 9.9 EAFE Preliminary 721.7 0.0 5.8 -0.4 2.1 -0.2 7.1 Europe Preliminary 1067.7 0.5 4.0373 words
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Article, Illustration119 2012-05-03 27 As on 1 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1671.00 1659.20 1662.60 194 CURRENCY AUD-USD FUT JUN2012 1.0372 1.0261 1.0288 1496 EUR-USD FUT JUN2012 1.3286 1.3207 1.3228 1480 BASE METAL COPPER FUT JUL2012 8492 8413 8475 2199119 words
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Article108 2012-05-03 27 May 1 May SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1497.75 1503.00 1500.25 1487.50 Jul 12 1503.50 1505.50 1504.75 1492.00 Aug 12 1486.75 1483.75 1487.00 1473.00 Sep 12 1432.50 1424.50 1432.75 1417.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12108 words
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Article76 2012-05-03 27 CRUDE OIL PRODUCTS May 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 119.89 0.80 WTI (Near Mth) 106.05 1.23 Dubai (1-Mth F) 115.91 -0.12 Tapis blend 126.51 0.20 Minas 125.81 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.11 unch Jet Kerosene 133.07 unch US$/barrel OpecOil Basket76 words
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Article24 2012-05-03 27 May 2 S$ Bid Offer 1-month 1.2383 1.2393 2-months 1.2382 1.2393 3-months 1.2380 1.2390 6-months 1.2368 1.2379 Source: OCBC Source: OCBC24 words
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Article64 2012-05-03 27 May 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2082.25 2078.75 3 months 2123.00 2119.00 Copper, Grade A(US$/tonne) Cash 8537.00 8534.50 3 months 8440.00 8400.00 Lead(US$/tonne) Cash 2172.50 2153.00 3 months 2180.00 2148.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article80 2012-05-03 27 May 1 COCOA (£/tonne) Close Prev High/Low May 12 1515 1472 1530/1461 Jul 12 1535 1493 1550/1482 Sep 12 1521 1480 1534/1470 Dec 12 1505 1467 1517/1462 COFFEE(US$/tonne) Close Prev High/Low May 12 1942 1961 1959/1937 Jul 12 1980 2000 1996/1972 Sep 12 1993 2012 2004/1982 Nov 12 199580 words
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1277 2012-05-03 27 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 4 1 150 295 9.75 24 Baker Technology Ltd W*****6 1 -1 25 1 32 2 32.50 6 Best World Intl Ltd W*****5 0.6 1 30 58 32.331,277 words
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Article471 2012-05-03 27 May 2 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 6.510 0.784 8.009 54.637 94.882 0.829 11.648 3.126 1.270 93.896 43.585 1.279 7.995 0.942 30.163 31.841 0.638 1.032 Canada 0.981471 words
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Article72 2012-05-03 27 May 2 |UMI I«1 i mli |J.#TIW lijvui t initu O.Ivttfi nil atl 1 (Win 0,-Kjto tuauxi twin 0 (vmon min Uiumj luiUi if wim VMl1 pjvnti isvtn' a«>< lAua 1SSI 0. IS5$ t mifii 3 mini n auk; •is*., n n^i?u mlh. d fMI 'Wivr Mid mi«s <sa72 words
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Article156 2012-05-03 27 May 2 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2783 1.2797 1.0323 1.0326 Canadian dollar 1.2542 1.2560 1.0129 1.0135 Euro 1.6306 1.6324 1.3168 1.3172 NZ dollar 1.0067 1.0080 0.8130 0.8134 Sterling pound 2.0049 2.0073156 words
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Article136 2012-05-03 27 May 2 GOLD(US$/oz) Apr 30 May 02 Hong Kong 1671.40 1661.00 May 02 Apr 27 May 01 London 1663.80 1662.01 1664.55 1662.78 Source: Thomson Reuters CAST BAR May 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 451 330 10gm136 words
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Article89 2012-05-03 27 May 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 02-Aug-12 0.24 0.19 0.19 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.1 100.14 100.14 5-Year N*****0Z 2.375 01-Apr-17 108.9189 words
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Article57 2012-05-03 27 May 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3462.0 3472.0 3462.0 3448.0 221 2860 Jun 12 3470.0 3474.0 3474.0 3448.0 2082 ***** Jul 12 3470.0 3471.0 3470.0 3441.0 ***** ***** Aug 12 3449.0 3444.057 words
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Article121 2012-05-03 27 As at 9am May 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.284 1.223 Euro 1.673 1.594 Sterling pound 2.043 1.965 NZ dollar 1.034 0.985 US dollar 1.254 1.206 Local dollars to 100 units of foreign121 words
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Article154 2012-05-03 27 May 2 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12154 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration799 2012-05-03 28 VICTORIA HO - New platforms claim to offer users simple templates to make their own mobile apps, reports VICTORIA HO reportsVICTORIA VICTORIA HO WITH all the buzz over mobile app companies selling for millions of dollars, it’s perhaps small wonder that non-programmers would want a799 words
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Article, Illustration696 2012-05-03 28 AMIT ROY CHOUDHURY - But I DC feels that this may change in next 12 months By AMIT ROY CHOUDHURY SINGAPOREAN companies are not early adopters of the cloud in comparison to other countries such as India and Australia but research shows that many are planning696 words
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725 2012-05-03 28 NABEEL YOUAKIM - <you say> By NABEEL YOUAKIM The writer is Citrix’s Asia Pacific VP for Products and Microsoft Alliance CLOUD computing in Asia is no longer a question of if or even when; given the current economic uncertainties, the time is definitely now. Today, Asian enterprises are725 words
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302 2012-05-03 28 AFP [SAN FRANCISCO]A virus infecting Macintosh computers is picking Google’s pocket by hijacking advertising “clicks”, tallying as much as US$10,000 daily, according to Internet security firm Symantec. A component of the widespread Flashback virus targets Google search queries made using Chrome, Safari, orAFP - 302 words
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Advertisement30 2012-05-03 28 THORNY ISSUE Indians seem to have a love-hate relationship with Singapore’s king of fruits AKSHAY KUMAR IS ROWDY RATHORE GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST30 words
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PROPERTY
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Article, Illustration582 2012-05-03 29 Analysts say prices will fall further as developers face inventory pressure Bloomberg [SHANGHAI] China’s April home prices fell to a 14-month low as the government pledged to maintain property curbs, according to SouFun Holdings Ltd, the nation’s biggest real estate website owner.Bloomberg; AFP - 582 words
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Article1499 2012-05-03 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 21 WITH CONTRACT DATES BETWEEN APRIL 4 AND APRIL 10, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 07/04/2012 99 409 538 1315 People's Park Cplx Apt1,499 words
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Article, Illustration865 2012-05-03 30 Cheung Kong, Hutchison, Shui On approached to buy real estate: source Reuters [CHONGQING/HONG KONG] China’s biggest municipality, Chongqing, has approached Hong Kong investors with the aim of selling distressed property assets and bolstering its finances, which are under a cloud after theReuters; REUTERS - 865 words
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Article, Illustration1143 2012-05-03 31 Developers selling assets to raise cash for housing projects as credit tightens Bloomberg [SHANGHAI] Shanghai and Beijing, the two cities with Asia’s fastest-growing office rents, are set to lead a surge in commercial property transactions in China as more developers sell assets to raiseBloomberg; BLOOMBERG - 1,143 words
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Advertisement142 2012-05-03 29 BUILDING A GLOBAL PROPERTY PORTFOLIO it Property investment opportunities can provide a great way to expand a portfolio. It is a way to increase your wealth in the long term. By building a global portfolio, you can spread your risks and maximize your profits Our team of Investment Specialists identify142 words
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Advertisement435 2012-05-03 30 W* Knight Frank Estate Agent Licence No. L*****36J FOR SALE BY TEN PER 18 MT ELIZABETH SUPER PRIME REDEVELOPMENT OPPORTUNITY i i i ZSZW i SUBJECT SITE El rj ’CM 9 «Me ss Freehold Land area -1,672 sq m MR 2008 GRR 2.8, residential TENDER CLOSES ON 23 MAY 2012435 words
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Advertisement203 2012-05-03 30 FOR SALE BY TENDER MACRITCHIE RESERVOIR LOWER PIERCE RESERVOIR PRESTIGIOUS ISLAND COUNTRY CLUB CROWN JEWEL OF THOMSON... THOMSON VIEW RARE DISTRICT 20 RESIDENTIAL SITE THOMSON VIEW “Commanding panoramic views of Nature Reserves, Prestigious Golf Courses and CBD Cityscape...” TenderClosingDate:22 May 2012 (Tue) 3pm Jeffrey Goh 9824 1292 6559 8871 (Email:203 words
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Advertisement113 2012-05-03 30 Freehold Strata Industrial Space at Kallang Pudding Road Tannery Lane Tranche 1 12 Units 28,955 Sq ft approx Tranche 2 12 Units 26,716 Sq ft approx 4 Contiguous floors Near future Mattar MRT Station Tenanted with high occupancy Suitable for light industrial, warehouse, IT etc. Expressions of Interest Closing: Friday,113 words
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Advertisement233 2012-05-03 31 1 ill Sill iiS !iSi iSil as SAMSUNG HUB Premium Strata Office For Sale Prestigious Raffles Place office floors 999 years leasehold Approx. 200 metres to Raffles Place MRT Station Excellent floor to ceiling height Good car parking (177 lots) Large floor plate with regular layout 4 strata units per233 words
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Advertisement316 2012-05-03 31 9 ,ro a PRIME WEST END ZONE 1 LOCATION m\ 11 flADAME TUSSAUps LONDON'S MOST ICONIC ADDRESS IS NOW READY FOR OCCUPANCY, An exclusive development of just 19 luxury one, two three bed apartments. 999 year lease. Close proximity to UCL, LSE, Kings College etc. Just completed March 2012. Comfort316 words
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Advertisement58 2012-05-03 31 Immediate Occupation f- •a. ■> i 5*Fs;»*«j s "5 PI. Appointed Marketing Agency OranPcTcc f- jk CEA Licence No.t_?L*****50K SKNTOSA COVK seascape 151 luxury apartments with unobstructed views of the majestic sea. 3&4 bedroom apartments from 2164 sqft-2971 sqft Penthouses from 3380 sqft to 6631 sqft No restriction on foreign58 words
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Advertisement53 2012-05-03 32 IG MARKETS OO a VOVJ OV3V 24-hour FX/CFD trading on our free app. Where and when you do it is your call. IS DIFFERENT FIND YOUR APP IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by the MAS and53 words
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