The Business Times, 14 June 2012
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2012-06-14
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The Business Times
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Title Section25 2012-06-14 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, June 14, 201225 words
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740 2012-06-14 1 MICHELLE TAN - More ECs and sites in suburban areas aimed at ‘sandwich class’ By MICHELLE TAN [SINGAPORE] Satisfying the demand for more affordable private homes seems to be the government’s focus in its land sales programme for the second half of 2012. Most sites740 words
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MARKETS DIGEST
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Article110 2012-06-14 1 HST INDEX 2,786.88 (-10.20) HST INDEX FUTURES 2,787.0 (-10.00) HSIMSCI 320.31 (-0.45) HSIMSCI FUTURES 320.90 (-0.20) US$ S$ US$ (S$ per US$) 1.280 (US$/S$ per 1.557 1.994 EURO (US$/S$/E) 1.253 1.604 Foreign currency per US$ S$ YEN 79.60 62.10 RM 3.178 2.482 HK$ 7.758 6.060 BAHT 31.59 24.68 RUPIAH110 words
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Article18 2012-06-14 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.377 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg18 words
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893 2012-06-14 1 TEH SHI NING - Economists see downside risks despite upgrade in growth outlook By TEH SHI NING [SINGAPORE] Inflation expectations among economy watchers worsened even as they upgraded their growth forecast for the year. But the numbers alone don’t reflect the current thinking of economists that growth893 words
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Advertisement86 2012-06-14 1 BizIT Oracle’s Tan Yen Yen keeping pace with IT race PAGE 27 COMMENTARY Negative assurance no longer enough PAGE 23 HOCK LOCK SIEW Eastern Hldgs: chance of sweeter offer slim? PAGE 8 *****1 *****4 DUOMÈTRE À QUANTIÈME LUNAIRE. Jaeger-LeCoultre Calibre 381. TheDual-Wingconceptisagenuinehorologicalrevolution featuring twodistinctmechanismssynchronisedbyasingle regulatingorgan.Thepatentedjumpingstop-secondsfunction enables time-setting to the nearest86 words
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Advertisement11 2012-06-14 1 MALAYSIA NEWS Private sector retirement age jumping to 60 PAGE 1311 words
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TOP STORIES
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486 2012-06-14 2 CONRAD TAN - Range of measures listed in paper on managing tech risks By CONRAD TAN [SINGAPORE] Banks here should step up their security practices to prevent fraud at ATMs, the Monetary Authority of Singapore (MAS) said yesterday. It recommended a range of measures486 words
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600 2012-06-14 2 JOYCE HOOI - No timeframe given for business trust listing which may raise up to US$1.4b By JOYCE HOOI [SINGAPORE] After a false start, Reliance Communications might now be a step closer to listing its unit on the Singapore Exchange (SGX) in what might600 words
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Article, Illustration689 2012-06-14 2 NEETA LAL - By NEETA LAL in New Delhi WHILE his brother Anil mulls over listing his telco in Singapore, Indian tycoon Mukesh Ambani has announced that he will invest US$18 billion over the next five years into his Reliance Industries Ltd (RIL). The investment the biggestREUTERS - 689 words
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Article576 2012-06-14 2 Land dose to quench thirst for cheaper homes SATISFYING the demand for more affordable private homes seems to be the government’s focus in its land sales programme for the second half of 2012. Most sites in the confirmed list of the Government Land Sales programme announced yesterday are576 words
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Article, Illustration699 2012-06-14 4 LEE U-WEN - International Enterprise S’pore to set up Yangon office by October By LEE U-WEN in Yangon SINGAPORE is studying the possibility of investing in Myanmar’s special economic zones and future industrial parks and townships, Emeritus Senior Minister Goh Chok Tong said yesterday. While Myanmar’sLEE U-WEN - 699 words
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Article, Illustration481 2012-06-14 4 EMILYN YAP - Emerging market currencies not ready for role: professor By EMILYN YAP [SINGAPORE] The US dollar is likely to remain as the dominant reserve currency despite problems in America, supported by what is perhaps a “childlike faith” that the country will honour its obligations, said481 words
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546 2012-06-14 4 Bloomberg AFP [KUALA LUMPUR] Felda Global Ventures Holdings, the world’s third-largest operator of palm oil plantations, raised about RM10.4 billion (S$4.2 billion) in the biggest initial public offering since Facebook, said three people with knowledge of the matter. The Kuala Lumpur-based companyBloomberg; AFP - 546 words
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717 2012-06-14 4 LATEST US DATA AP [WASHINGTON] US retail sales declined in April and May along with wholesale prices, which tumbled in May. Retail sales were dragged lower by a sharp drop in energy prices, pulled down by a sharp drop in petrol prices. ButAP - 717 words
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Article, Illustration779 2012-06-14 4 Reu ters Bloomberg [HONG KONG] Hong Kong’s incoming leader, financial secretary and top central banker all pledged their commitment to the city’s currency peg after former monetary chief Joseph Yam called for a review of the link to the dollar. “We allReuters; Bloomberg; BLOOMBERG - 779 words
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Advertisement127 2012-06-14 2 OPENSCAPE XPERT: THE REFERENCE FOR SUCCESSFUL TRADERS VISIT US AT COMMUNICASIA 2012 (BOOTH BR3-01I COMMUNICASIA2012 EXHIBITION Date: 19-22 June 2012 Venue: B2, Booth BR3-01, Marina Bay Sands, Singapore Opening Hours: 19 21 June, 10:30am 6pm 22 June, 10:30am 4pm Contact Us: +65 6749 1110* support.sg0tgs-enterprise.com HIGHLIGHTS OF TGS ENTERPRISE NETWORKS127 words
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Advertisement203 2012-06-14 3 www.vw. com. sg ss «n n 'C >8 MS in*. *<s sss BBS S®S3 H V •->.■ m ssa SSls <:*• ••,-'9 V s: K -v* 1 I H af -V5P m. is® =S* --J» Not that you ;:zr s*». V% SB® si i mi T0M V :t 3« S203 words
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Advertisement68 2012-06-14 5 American Express congratulates Mr Craig McKenna and his team at DFS Venture Singapore Pte Ltd for their 3rd consecutive win in the Customer Satisfaction Index of Singapore 2012, Departmental Stores sub-sector category. The strong partnership we have built with DFS Singapore over the last 31 years have taken both organisations68 words
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COMPANY NEWS
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Article, Illustration1131 2012-06-14 5 OPH also unveils asset swap involving Yeo Hiap Seng shares IN a major step towards the much-anticipated listing of Far East Hospitality Trust, which is expected to own about $2 billion of assets, Orchard Parade Holdings (OPH) yesterday unveiled plans1,131 words
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485 2012-06-14 5 SIOW LI SEN - By SIOW LI SEN THE three Singapore banks will be able to weather a global downturn given their robust capital positions and strong government backing of the domestic economy, says a Fitch Ratings analyst. Despite escalating risks from the troubled eurozone485 words
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834 2012-06-14 8 KENNETH LIM - HOCK LOCK SIEW By KENNETH LIM Eastern Holdings may have started its life as a magazine publisher, but today a significant portion of its assets and business comes from its property arm. Which makes the sharp discount to assets that the founder’s privatisation834 words
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Article, Illustration832 2012-06-14 8 Firm is assessing proposals in areas it wants to focus on Bloomberg [SINGAPORE] Temasek Holdings Pte said the turmoil in Europe may result in a market slump rivalling the 2008 global financial crisis, creating opportunities for the Singapore investment company to make deals.Bloomberg; BLOOMBERG - 832 words
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COMPANY BRIEFS
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73 2012-06-14 8 BOUSTEAD Singapore’s wholly owned subsidiary, Boustead Projects, has been awarded a $14 million contract to design and build an integrated food processing and office facility for RE&S Enterprises Pte Ltd at the Paya Lebar iPark. The facility will have a gross floor area73 words
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Article55 2012-06-14 8 MEDI-FLEX Ltd has posted a 61 per cent year-on-year increase in earnings to RM1.53 million (S$615,000) for the third quarter ended May 31, 2012. This was helped by higher revenue of RM40.05 (up 0.3 per cent), better gross margins and higher “other income”, the latter55 words
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53 2012-06-14 8 EQUATION’S wholly owned subsidiary, Disa Digital Safety Pte Ltd, has agreed to acquire 66.1 per cent of Disa Germany from M3 Electronic GmbH. Both the vendor and Disa Germany are indirect subsidiaries of Equation. The consideration is 707,270 euros (S$1.14 million). The transfer will be completed53 words
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71 2012-06-14 8 LOW Keng Huat (Singapore) Limited posted a 39 per cent year-on-year decrease in net profit to $13.15 million, or 1.78 cents per share, for the first quarter ended April 30, 2012. The group said the decrease was due to lower construction profit offset71 words
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Article58 2012-06-14 8 THE Singapore Exchange (SGX) has given China Milk Products Group its final opportunity to submit a proposal to resume trading of its shares. The mainboard-listed firm’s trading was suspended on Feb 12, 2010, following its inability to repay liabilities. China Milk risks being delisted if58 words
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62 2012-06-14 8 ASIA Water Technology’s 70 per cent-owned subsidiary, Dalian Xinya Henji Environmental Co, has entered into a build-operate-transfer agreement with the Dalian City municipal government to construct three wastewater treatment plants in the Liaoning Province. The term will be for 30 years, including62 words
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496 2012-06-14 9 JAMIE LEE - Companies must invest resources in training their staff on it: Stern Stewart By JAMIE LEE COMPANIES which use the economic value-add (EVA) model designed by Stern Stewart can benefit most from it if they take the effort to monitor its implementation, two senior496 words
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306 2012-06-14 9 GLENN CHOO - JV will originate and merchandise grains, oilseeds from Canada By GLENN CHOO MAINBOARD-LISTED Olam International and Lansing Trade Group LLC intend to form a 50:50 joint-venture company to originate and merchandise Canadian grains and oilseeds. The two parties said yesterday that the joint306 words
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Article361 2012-06-14 9 Reuters [LONDON] The London Stock Exchange Group shook up its senior management team on Tuesday, including appointing a new chief financial officer, as it moves to diversify beyond its core share trading business into data, technology and clearing. The LSE said CFO Doug Webb would beReuters - 361 words
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358 2012-06-14 9 SIOW LI SEN - By SIOW LI SEN CHINESE state banks the world’s largest financial institutions are facing increasing funding pressure from non-bank and offshore channels. Strong funding and liquidity have been the pillars upholding banking sector stability in China through numerous episodes of bad loans, says Fitch358 words
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SINGAPORE MARKETS
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Article, Illustration626 2012-06-14 6 R SIVANITHY - Another largely featureless day for the local market, with sporadic interest in low-price stocks STOCKS R SIVANITHY Senior Correspondent A 10.2 POINT loss for the Straits Times Index to 2,786.88 because of a weak European opening, turnover excluding foreign currency counters that amountedSource: Bloomberg - 626 words
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Article186 2012-06-14 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 0 0 0 4 7 4 Manufacturing 62 31 37 7 6 10 69 37 47 Commerce 14 19 16 2 1 4 16 20 20 Tpt/Stor/Comms 13 13 11186 words
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Article121 2012-06-14 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,951 13,951 70,003 70,003 Manufacturing 386,084 121,890 507,974 214,777 4,087 218,864 Commerce 163,108 4,432 167,540 117,267 336 117,603 Tpt/Stor/Comms 57,980 10,076 68,056 99,839 2,531 102,370 Finance 16,536 50 16,586 140,389 11 140,400 Construction 132,257 12,647121 words
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Article109 2012-06-14 6 Stock name Close Change CapMallsAsia 1.440 CapitaLand 2.680 -0.050 CapitaMall 1.795 -0.005 CityDev 10.160 +0.030 ComfortDelGro 1.470 +0.005 DBS Grp 13.300 -0.060 F&N 6.690 +0.050 GLP 2.090 +0.020 Genting SP 1.445 -0.015 Golden Agri 0.650 +0.020 HK Land 5.480 -0.080 JMH 47.980 -0.930 JSH 30.180 -0.630109 words
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Article, Illustration854 2012-06-14 6 Lynette Khoo - Compiled by Lynette Khoo Orchard Parade Holdings June 13 close: $1.835 DMG Partners Securities, June 13 WE initiate with a BUY on Orchard Parade Holdings (OPH): We see OPH as a restructuring play, with catalysts arising from 1) spinning off its hospitality assets into a Reit, which willMay Apr Source: Bloomberg; Source: Bloomberg - 854 words
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Article, Illustration603 2012-06-14 6 CURRENCIES AFP [HONG KONG] Asian markets mostly rose yesterday after a positive lead from Wall Street and Europe but gains were capped by concerns about Spain’s banking system and as Greece prepares for another election. Adding downward pressure to sentiment was aAFP; REUTERS - 603 words
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Article65 2012-06-14 6 Jun 13 VALUE CLOSE BT OB/OS -130.00 +198.0 BT CADI -*****.00 +51.0 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 647.72 +0.69 FTSE ST Small Cap 428.22 +3.15 FTSE ST All Share 674.95 -1.56 FTSE ST China Top 190.17 +0.27 FTSE ST China 212.93 -0.86 FTSE65 words
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Article56 2012-06-14 6 VOLUME Golden Agri 132,586,000 ChinaTaisan 102,858,000 UniFiber 76,781,000 Elektromotive 72,019,000 Genting SP 62,615,000 People's Food 44,362,000 NexGenSCom 41,944,000 ChinaFashion 41,624,000 Noble Grp 37,891,000 ChinaMinzhong 32,894,000 VALUE($) Genting SP 90,544,865 Golden Agri 84,890,856 OCBC Bk 60,419,520 Keppel Corp 49,498,116 SingTel 48,985,048 Noble Grp 43,914,055 CapitaLand 41,463,575 DBS Grp56 words
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Article115 2012-06-14 6 BY CENTS CLOSE UP GLD 10US$ ***** 239.4 1.2 DBXT FTChina25 10US$ 2505 74.2 2.4 Jardine C&C 4377 35.0 0.8 DBXT MSINDO 10us$ 1365 33.3 1.9 Kep Corp.ES.1206 1014 24.0 2.4 DBXT MSTHAI 10US$ 1747 21.8 1.0 Orchard Parade 183.5 21.0 12.9 Lyxor China H 10US$ 1236 20.5 1.3115 words
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Article128 2012-06-14 6 BY CENTS CLOSE DOWN JMH 4798 -119.0 -1.9 JSH 3018 -80.6 -2.0 DBXT S&P Short 10US$ 3865 -41.0 -0.8 Asia Pac Brew 3390 -40.0 -1.2 DBXT MSBrazil 10US$ 503 -16.6 -2.5 DBXT CSI300 10US$ 782 -10.2 -1.0 DBXT MSAsExJp 10US$ 2835 -10.2 -0.3 HK Land 548 -10.2 -1.4 OCBC128 words
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Advertisement98 2012-06-14 7 V June 13-15 at 7 UBI CLOSE, ALPINE CENTRE CLOSED DOOR EVENT FOR ALL OPEL OWNERS. JUNE 13-15 AT 7 UBI CLOSE. Drop by the new Opel Singapore showroom at 7 Ubi Close from 10am 9.00pm for a special preview of the exciting new Opel models that will be launched98 words
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Advertisement1077 2012-06-14 8 >«• ESAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FUXING CHINA GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Special General Meeting (“SGM”) of Fuxing China Group Limited (the “Company”) will be convened on 2 July 2012 at1,077 words
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Advertisement905 2012-06-14 8 NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of EW COX SE ASIA PTE. LTD. (the “Company”) duly convened and held at 29 International Business Park #05-03A, ACER Building, Singapore *****3 on 12 June 2012 at 10.00 a.m., the following special resolutions, inter alia, were passed: Resolved That:905 words
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Advertisement70 2012-06-14 9 Curators and Collectors in The Wall Street Journal. What in the world is going on? From art trends and auction results to vital insights and analysis on business and finance, The Wall Street Journal provides the breaking news and intelligence you need to navigate your business and your life. Any70 words
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SINGAPORE NEWS
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366 2012-06-14 10 APRIL CHYE - They prefer to offer performance-related bonuses and more flexible hours, reports survey By APRIL CHYE WORKING hard regardless of the size of one’s paycheck is a valuable work ethic. However, there seems to be a growing trend for companies to366 words
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Article, Illustration346 2012-06-14 10 EVE YEO - NTU scientist discovers shrimp’s club-like arms have high resistance By EVE YEO A SCIENTIST from Nanyang Technological University (NTU) may have uncovered something big in his research on the tiny mantis shrimp. The damage-resistant properties of the sea creature could be adapted346 words
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Article, Illustration334 2012-06-14 10 GLENN CHOO - Its CSR project is into its fourth year and has a volunteer base of nearly 800 By GLENN CHOO NEARLY 800 HSBC employees and corporate partners will be taking time off from work this week to create conducive study areas in the homes334 words
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293 2012-06-14 10 NISHA RAMCHANDANI - Construction to start after March next year By NISHA RAMCHANDANI THE Changi Airport Group (CAG) will develop the open-air carpark at Changi Airport’s Terminal 1 into an aviation-related mixeduse complex, with construction to start in the group’s next financial year. Aside293 words
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368 2012-06-14 10 MINDY TAN - Good location for hotel with about 785 rooms: analysts By MINDY TAN GIVEN its attractive location, the new hotel site at Victoria Street/Ophir Road, which was added to the H2 2012 government land sales programme reserve list, is likely to be368 words
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371 2012-06-14 10 JASMINE NG - By JASMINE NG IF you have ever been trapped in automated phone purgatory, or had to face long waits only to speak to a poorly trained operator, then you are not alone. A survey conducted by the Consumers Association of Singapore371 words
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Page 11 Advertisements
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Advertisement396 2012-06-14 11 THE PARAGON SALE 25 May 24 June 2012 THE SALE THAT DOESN’T DISCOUNT ITS EXPERIENCE. Home to six levels of designer boutiques and international brands, indulge in the sale without losing the luxury shopping experience at Paragon. Citibank Paragon WORLD MasterCard Exclusive Music EnVogue paragon citibank saaa 8 8888 WO396 words
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ECONOMY WATCH
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Article, Illustration741 2012-06-14 12 CEO sticking to goal of boosting ROE to 13% despite slower economic growth Bloomberg [LONDON] Barclays Plc chief executive officer Robert Diamond said that the euro region will survive even as the debt crisis slows economic growth and weakens the currency. “The underpinnings ofBloomberg; BLOOMBERG - 741 words
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Article, Illustration826 2012-06-14 12 Bloomberg [SYDNEY] Reserve Bank of Australia governor Glenn Stevens said the strength of the nation’s currency benefits consumers and probably will be sustained as a mining investment intensifies, forcing businesses to change to survive. “It’s a test of adaptability,” Mr StevensBloomberg; AFP - 826 words
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382 2012-06-14 12 Reuters [WELLINGTON] New Zealand is going through a phase of “grumpy growth” that could last another couple of years, with a strong currency hindering efforts to rebalance the economy, Finance Minister Bill English said yesterday. Mr English said that trying toReuters - 382 words
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759 2012-06-14 12 Reuters [WASHINGTON] The annual growth rate for US healthcare spending will hover near historic lows in 2013 and rise at a modest pace for much of the next decade, even if the Supreme Court allows the expansion of coverage to millions more AmericansReuters - 759 words
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Advertisement412 2012-06-14 12 ■<# WATS NOTICES CHINA GAOXIAN FIBRE FABRIC HOLDINGS LTD. (Incorporated in Singapore) (Company Registration No. *****7812K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at The Guild, Suntec City Guild House, 3 Temasek Boulevard, #05-001, Suntec City Mall,412 words
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MALAYSIA/INDONESIA
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498 2012-06-14 13 S JAYASANKARAN - Bill tabled following a January hike for the civil service to 60 from 58 By S JAYASANKARAN in Kuala Lumpur IN yet another sop to Malaysian workers following the recent minimum wage policy, the government tabled a Bill yesterday to498 words
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Article, Illustration615 2012-06-14 13 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA Airlines’s successful issue of a first tranche of Perpetual Junior Sukuk amounting to RM1 billion (S$400 million) to a government pension fund may have bought some relief to the ailing carrier but it has also comeAP - 615 words
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347 2012-06-14 13 Reuters [JAKARTA] Indonesia’s government picked economist Chatib Basri yesterday as its new investment chief, a move that analysts said will ensure sustained efforts to make it easier for overseas firms to invest in South-east Asia’s largest economy. Mr Basri, 46, who was PresidentReuters - 347 words
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213 2012-06-14 13 [KUALA LUMPUR] Pudu Jail could be redeveloped into an integrated transport hub complete with a shopping mall, to attract domestic and foreign direct investments, said UDA Holdings chairman Nur Jazlan Mohamed. The plan from UDA could help generate more than RM8 million213 words
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278 2012-06-14 13 [KUALA LUMPUR] Malaysia’s economic growth is likely to come in at the upper end of the government’s forecast range of 4 to 5 per cent, Second Finance Minister Ahmad Husni Mohamad Hanadzlah said yesterday. “GDP growth will be closer to 5278 words
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Advertisement176 2012-06-14 13 JACKPOT Estimated Draw on Thu, 14 Inn 2012 at 6.30pm For details, visit www.singaporepools.com.sg Ip A, Vri) Always play with care. |responsibiy| Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS LUNCHTIME LUXURIES FOR LESS I A.'- MU A.' I 5* s Savouring176 words
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GREATER CHINA/INDIA
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643 2012-06-14 14 Wenzhou firms face bankruptcies as shadow banking fades, loans dry up Bloomberg [SHANGHAI] Jiang Xiangsong has just over two weeks to pay a two million yuan (S$404,000) bank debt or his suitcase company in eastern China will go bankrupt. He’s close to tearsBloomberg - 643 words
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Article, Illustration626 2012-06-14 14 Its plans depend on PM’s pledge to hike infrastructure spend Bloomberg [MUMBAI] Essar Group, owned by billionaire brothers Shashi and Ravi Ruia, is targeting US$35 billion in revenue in three years as it taps demand for infrastructure in Asia’s third-largest economy. SalesBloomberg; BLOOMBERG - 626 words
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320 2012-06-14 14 Reuters [BEIJING] China’s annual economic growth could fall below 7 per cent in the second quarter if weak activity persists in June, an influential government adviser was quoted yesterday as saying. The forecast by Zheng Xinli, a former deputy director of theReuters - 320 words
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Advertisement771 2012-06-14 14 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to771 words
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Advertisement19 2012-06-14 15 Your family business has outgrown your family. It’s about time you hire someone who doesn’t call you daddy. ■m19 words
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WORLD
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Article, Illustration506 2012-06-14 16 ANTHONY ROWLEY - Recent gains hurting business sentiment and corporate revenues, Shirakawa admits By ANTHONY ROWLEY in Tokyo THE Bank of Japan will “guide policy appropriately” at its meeting this week to address the runaway rise of the yen, governor Masaaki Shirakawa said yesterday. TheAFP - 506 words
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815 2012-06-14 16 NYT [NEW YORK] Madison Avenue wants to get its act together this summer and take it on the road. Advertisers and media companies are sponsoring events and promotions that emulate the kinds of road trips embarked upon each summer by millions ofNYT - 815 words
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562 2012-06-14 16 Bloomberg [TOKYO] Japan’s machinery orders increased more than economists expected and South Korea’s unemployment fell as Asian economies show resilience in the face of Europe’s sover-eign-debt crisis. Bookings, an indicator of capital spending, rose 5.7 per cent in April from March, theBloomberg - 562 words
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Article, Illustration488 2012-06-14 16 It plans to roll out a new electric car model in 2013-14 AFP Bloomberg [STOCKHOLM] Bankrupt Swedish automaker Saab has been sold to National Electric Vehicle Sweden (NEVS), a new company registered in Sweden and founded by two firms in Hong Kong and Japan, theAFP; Bloomberg - 488 words
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Article, Illustration573 2012-06-14 17 Decline for a second month comes after production in Germany drops 2% Bloomberg [BRUSSELS] Euro-area industrial production declined for a second month in April, led by a drop in Germany, adding to signs of a deepening economic slump. Output in the 17-nation euro areaBloomberg; AP FILE PHOTO - 573 words
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Article, Illustration630 2012-06-14 17 Bloomberg [ROME] Italy’s borrowing costs surged at the sale of 6.5 billion euros (S$10.4 billion) of Treasury bills yesterday after the 100 billion euro bailout of Spain’s banking system failed to stop contagion from the region’s debt crisis. The Rome-based Treasury soldBloomberg - 630 words
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543 2012-06-14 17 Bankers say 800m euros are leaving major banks daily Reuters [ATHENS] Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced outReuters - 543 words
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415 2012-06-14 17 Reuters [SINGAPORE] Manchester United, the world’s best supported soccer club, has ditched its plans for an Asian stock market flotation and is preparing to list in the United States, according to sources with knowledge of the deal. After first eyeing a HongReuters - 415 words
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Article, Illustration428 2012-06-14 17 Bloomberg [LONDON] Rebekah Brooks, the former head of News Corp’s British publishing unit, made her first court appearance to face charges she tried to cover up the tabloid phone-hack-ing scandal. Brooks, 44, had her case transferred to a higher criminal court by JudgeBloomberg; AP - 428 words
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210 2012-06-14 17 AFP [FRANKFURT] The number of women sitting on the supervisory or non-executive boards of Germany’s biggest companies has risen by more than a third since the start of 2011, a new study said yesterday. Out of the total 500 supervisory boardAFP - 210 words
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Article, Illustration506 2012-06-14 18 Nathan Tinkler’s bid sends firm’s shares up 9%; funding seen as the challenge Reuters [SYDNEY] Whitehaven Coal, Australia’s sec-ond-biggest independent coal producer, said it has received a buyout approach from its top shareholder, billionaire Nathan Tinkler, sending its shares up 9 perReuters - 506 words
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541 2012-06-14 18 It must end losses in region to boost confidence in shares Bloomberg [DETROIT] General Motors Co (GM), the world’s largest automaker, needs to mend its European operations and end losses in the region to give investors confidence to buy the company’s shares.Bloomberg - 541 words
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Article, Illustration49 2012-06-14 18 THE dachshunds playing the roles of Angola and Italy during Bennett Miller’s ‘Dachshund U.N. performance outside the Museum of Contemporary Art in Sydney recently. The 47 specially recruited dachshunds represented different nations and the utopian aspirations of the United Nations as a risk-management organisation. AFPAFP - 49 words
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375 2012-06-14 18 Reuters [LONDON] Britain’s banks are hoarding large amounts of cash and capital because of market pressures rather than regulatory requirements, a top regulator said. H ec t or S an t s w h o stands down this month as chief executive ofReuters - 375 words
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Article, Illustration323 2012-06-14 18 AGNES T CRANE - REUTERS BREAKINGVIEWS By AGNES T CRANE Reuters FIRST, the Oracle of Omaha seems somewhat bullish on the American Dream, even after mistiming a rebound in US housing. He forecast a comeback in early 2011 and then admitted this year he was “deadReuters - 323 words
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604 2012-06-14 18 Uncertainty at Starbucks over impact of Bloomberg’s plan to curb sugary drinks AP [NEW YORK] Big Gulps are safe. But the fate of the Frappuccino remains unclear. As the Bloomberg administration moved ahead on Tuesday with its plan to restrict sales of big sugaryAP - 604 words
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Advertisement599 2012-06-14 16 NOTICES FORM 69 (3) NOTICE OF INTENDED DIVIDEND Name of Company Sin Tye Construction Pte Ltd (In Liquidation) (Company Registration No. *****2874M) Address of registered office 336 Smith Street #06-308 New Bridge Centre Singapore *****6 Last day of receiving proofs 29th June 2012 Court High Court of the Republic of599 words
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Advertisement11 2012-06-14 16 HOTTEST HITS i HEAR MADONNA HOTTEST HITS ON 31 BFM FM11 words
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Advertisement62 2012-06-14 18 ENJOY70% OFFWHEN YOU SUBSCRIBE TO DIGITALEDITIONS! LIMITED TIME ONLY! GET THE LATEST DECOR TRENDS, PARENTING TIPS AND TECH-GADGET REVIEWS ON THE GO $21.60/ 1 YEAR UP $72.00 NOW ON IPAD ANDROID TABLETS $18.00/ 1 YEAR UP $60.00 $24.80/1 YEAR UP $82.80 SUBSCRIBE NOW AT www.sphmagazines.com.sg/digital-promotion or scan the QR code.62 words
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Advertisement38 2012-06-14 18 tablet THE HEARTBEAT OF THE INDIAN COMMUNITY DrNRl Chennai doctor’s US$1,000 home medical care scheme for aged parents of NRIs TAJ EXPRESS SAYS THANKS TO STORE r GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST38 words
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AVIATION
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403 2012-06-14 19 VEN SREENIVASAN - CAAS seeks views on more airspace for aerial activities, with safety in mind By VEN SREENIVASAN [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) has launched a consultation exercise to get public feedback on regulations governing recreational and commercial aerial403 words
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408 2012-06-14 19 AFP [SYDNEY] Australian marketing baron John Singleton said yesterday he has “always” been interested in ailing carrier Qantas but stopped short of confirming reports he is part of a consortium planning a takeover. Mr Singleton, a mul-ti-millionaire who built his fortune in advertising,AFP - 408 words
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Article, Illustration719 2012-06-14 19 Foreign airlines baulk at having to face huge obstacles Reuters [BEIJING] With a potential air market of hundreds of millions of people, airlines ought to be hammering on India’s door yet global airline executives say it would be madness to invest in aReuters; AP - 719 words
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Article, Illustration583 2012-06-14 19 Bloomberg [BEIJING] Boeing Co and Airbus SAS must be careful not to cut into their own markets in their quest to outdo each other with new aircraft, says Steven Ud-var-Hazy, who claims to have bought more jets than anyone else in the world. BoeingBloomberg - 583 words
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Advertisement86 2012-06-14 19 S Foreign Investment Law ■S Condominium Law •S Legal Aspects ■S Investment Update ■S Foreign Exchange Opportunities Urban Redevelopment Telecommunication Shipyard/Ship Building Hotel Tourism Oil Gas Port Development Trade policy Property Development Investment 6 th Myanmar Business Conference 2012 Hear From Officials 16 17 July 2012, Hilton Hotel, Singapore Conference86 words
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Advertisement28 2012-06-14 19 www.omy.sg mm. i!msi*js«i “z*IS 99 ■99$ 10,000 fW¥3 F*1 X kSSfiS)) Vice Ring Probe Available ONLY on ANDROID APRON pV Google play i mmmm. mx s s www.omy.sg28 words
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Page 19 Miscellaneous
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Miscellaneous319 2012-06-14 19 CRYPTIC CROSSWORD Across 1 Part of goal to annoy lawyers (8) 6 Make cuts to hospital detaining a potentate (6) 9 Train takes gents back round Switzerland (6) 10 Boy keeps creature that bites a bit (8) 11 Song featuring a key is what one can’t stand (8) 12 Reserve319 words
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SHIPPING
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777 2012-06-14 20 Shipowners who plough back untaxed earnings threaten to relocate if new govt scraps fiscal exemption Bloomberg [LONDON] Greek shipowners who remitted more than US$175 billion in untaxed earnings to the country in 10 years say they would relocate the businesses ifBloomberg - 777 words
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620 2012-06-14 20 Asian business not hit by sanctions, says tanker operator Reuters [LONDON] Iran’s biggest tanker operator, NITC, has US$1 billion in ship insurance cover to keep its fleet on the water and serve clients in Asia despite Western sanctions on the Islamic Republic’sReuters - 620 words
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Article, Illustration421 2012-06-14 20 Bloomberg [TOKYO] Mitsui OSK Lines Ltd, operator of the world’s largest merchant fleet, plans to scrap or lay up 10 to 20 of its 110 iron ore and coal carrying vessels as an oversupply of ships has helped drag rates lower. TheBloomberg; FILE PHOTO - 421 words
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586 2012-06-14 20 Bloomberg [TOKYO] Nippon Yusen KK, Japan’s largest shipping line, is taking advantage of falling government bond yields to borrow at the lowest rate in a decade even after a credit rating cut and record loss. The company paid 0.472 per cent, orBloomberg - 586 words
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359 2012-06-14 20 Reuters [BANGALORE] The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose for a third straight session on Tuesday on higher rates for panamax vessels in the Atlantic. The overall index, a gauge of the cost ofReuters - 359 words
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Article259 2012-06-14 20 SGX '000 Jun 13 S$ +/-Vol CH Offshore 0.42 0.01 93 Chuan Hup Hldg 0.21 -0.01 120 Cosco Corp 1.00 -0.02 4371 Jun 13 Ezra Hldgs 0.96 0.01 3269 First Ship Lea 0.17 unch 322 Freight Links 0.06 unch 547 Grand Banks unch unch 0 Jaya Hold Ltd259 words
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1935 2012-06-14 21 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN1,935 words
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Page 20 Advertisements
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Advertisement22 2012-06-14 20 Property controls, fund shortage market bubble drive mainland developertosuicide 市场调控、中发 To subscribe, call 6388-3838 or go to sphsubscription.com.sg22 words
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Page 21 Advertisements
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Advertisement17 2012-06-14 21 *$.&,;];]_,![!".[(?-]^}:$@\<%__ FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II17 words
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Advertisement33 2012-06-14 21 Experienced sh/p maintenance find you y r I carvirPC services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times i nc uujincjj i iivicj Shipping Times33 words
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EDITORIAL & OPINION
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505 2012-06-14 22 EDITORIAL ELECTRICITY tariffs, and their part in higher living costs here, are a hot topic. And two current industry/public consultations by regulator Energy Market Authority will have a bearing on power costs. The first, on the potential for Singapore to import some electricity from505 words
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Article, Illustration776 2012-06-14 22 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 WHEN Barack Obama visited China in 2009, the American leader made it a point to publicly declare himself “a big supporter of non-censorship” and said776 words
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Article, Illustration1014 2012-06-14 22 HUGO DIXON - Staying the euro course is the right way and Athens needs a strong govt to do that REUTERS BREAKINGVIEWS By HUGO DIXON DYSSEUS would recognise the dilemma faced by today’s Greeks as they must choose either the pain of sticking with the euroREUTERS - 1,014 words
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Article, Illustration1041 2012-06-14 23 NEO SING HWEE, ADRIAN ANG - The onus is now on boards to express an opinion on the adequacy of internal controls in their organisations. The challenge lies in doing so confidently By NEO SING HWEE ADRIAN ANG The writers are partner and associate director for advisory services, respectively, at ErnstSTOCK.XCHNG - 1,041 words
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Article, Illustration800 2012-06-14 23 ANTHONY ROWLEY - ANTHONY ROWLEY Tokyo Correspondent IHAVE never been over-impressed by central bankers, at least those with whom I have come into contact during my work, and that is why I hope the rumours I hear about who will become the next governor ofAFP - 800 words
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150 2012-06-14 23 LETTER TO THE EDITOR IN response to the article by Ms Pauline Ng entitled “Non-Bumi to head securities regulator” dated 13th March 2012, the Securities Commission Malaysia (SC) wishes to state the following: NThe SC wishes to place on record that the decision of Tan Sri150 words
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Page 23 Advertisements
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Advertisement103 2012-06-14 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel103 words
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SINGAPORE STOCKS
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Article2598 2012-06-14 24 Transaction date: Jun 13 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 123 92.5 AIMSAMPIReit 113.5 unch 497 114 113.5 113 113.5 7.3 10.92,598 words
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Article226 2012-06-14 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 2 unch 251 2 2 2 2.1 26.5 Last Quote Div Gr Yld Net M Cap High226 words
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Article205 2012-06-14 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A31.5 +0.5 1 31.5 31.5 31.5 32.5 3.6 11.1 2.5 82 46 25.5 Genting HK US$ US33 unch 781 33.5 32.5 33 33.5 2172.9205 words
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Article892 2012-06-14 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119.9 +0.4 6 119.9 119.5 118 119.6 547.3 103 95.8 CIMB APAC Div 100US$ US96 96 97.5 10.1 1261 856892 words
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Article8039 2012-06-14 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 American Opp Asian Local Ccy SD Bond ....0.6315/ ....1.0048/ EM8,039 words
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FINANCE & COMMODITIES
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Article629 2012-06-14 26 Jun 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8557.57 8615.89 8554.14 Sep12 8540.00 8605.00 8485.00 8585.00 ***** *****0 Dec12 8520.00 1002 6521 MSCI TAIWAN INDEX FUTURES SPOT 252.97 253.10 251.15 Jun12 250.20 252.50 249.60 251.20 ***** *****0 Jul12 245.80 245.80 243.50 245.40 500629 words
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Article, Illustration118 2012-06-14 26 As on 12 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 528.30 526.40 536.25 106 CURRENCY EUR-USD FUT JUN2012 1.2528 1.2444 1.2494 2427 BASE METAL COPPER FUT JUL2012 7398 7306 7353 3989 INDEX IRON ORE (MBIO) IDX118 words
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Article107 2012-06-14 26 Jun 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1435.00 1424.75 1449.25 1416.25 Aug 12 1401.25 1399.00 1419.00 1388.75 Sep 12 1364.00 1361.00 1378.00 1351.50 Nov 12 1337.00 1331.25 1350.00 1323.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 49.72107 words
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Article76 2012-06-14 26 CRUDE OIL PRODUCTS Jun 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.21 -1.07 WTI (Near Mth) 83.45 1.51 Dubai (1-Mth F) 94.76 -2.79 Tapis blend 103.19 -3.06 Minas 104.09 -3.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.11 -3.83 Jet Kerosene 110.92 -2.96 US$/barrel OpecOil Basket76 words
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Article24 2012-06-14 26 Jun 13 Jun 13 s$ Bid Offer 1-month 1.2800 1.2805 2-months 1.2799 1.2805 3-months 1.2795 1.2801 6-months 1.2780 1.2788 Source: OCBC24 words
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Article66 2012-06-14 26 Jun 12 Jun 12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1929.75 1934.50 3 months 1968.00 1972.50 Copper, Grade A(US$/tonne) Cash 7381.50 7408.00 3 months 7395.00 7420.00 Lead(US$/tonne) Cash 1881.25 1900.50 3 months 1895.50 1914.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 366 words
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373 2012-06-14 26 In local curr In S$ In US$ dy yr dy yr dy yr Jun 12 Index Change Change Change Change Change Change World Preliminary 843.3 0.5 1.6 0.7 -0.3 0.4 0.6 EAFE Preliminary 671.0 0.1 -1.6 0.2 -4.9 0.0 -4.1 Europe Preliminary 999.7 0.5 -2.6373 words
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Article80 2012-06-14 26 Jun 12 COCOA (£/tonne) Close Prev High/Low Jul 12 1552 1527 1566/1524 Sep 12 1538 1513 1549/1512 Dec 12 1514 1492 1522/1490 Mar 13 1495 1475 1504/1473 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2062 2062 2066/2045 Sep 12 2070 2071 2073/2053 Nov 12 2059 2063 2063/2043 Jan 13 203080 words
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Article470 2012-06-14 26 Jun 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.023 6.353 0.796 7.735 55.556 94.421 0.793 11.626 3.168 1.279 94.122 42.519 1.276 8.344 0.956 29.870 31.497 0.640 0.997 Canada 0.978 6.212470 words
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Article58 2012-06-14 26 Jun 13 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****58 words
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Article134 2012-06-14 26 Jun 13 GOLD(US$/oz) Jun 13 Jun 12 Hong Kong 1618.00 1598.00 Jun 12 Jun 12 Jun 11 London 1609.45 1584.50 1610.25 1585.30 Source: Thomson Reuters CAST BAR Jun 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 452 331 10gm134 words
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Article89 2012-06-14 26 Jun 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 13-Sep-12 0.27 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.14 100.18 100.16 5-Year N*****0Z 2.375 01-Apr-17 108.75 108.88 108.8889 words
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Article57 2012-06-14 26 Jun 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 2930.0 2930.00 2930.0 2930.0 41 945 Jul 12 2955.0 2959.00 2968.0 2943.0 1673 ***** Aug 12 2954.0 2965.00 2974.0 2943.0 ***** ***** Sep 12 2957.0 2961.0057 words
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Article154 2012-06-14 26 Jun 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2759 1.2770 0.9968 0.9973 Canadian dollar 1.2478 1.2484 0.9748 0.9749 Euro 1.6035 1.6043 1.2527 1.2529 NZ dollar 0.9978 0.9988 0.7795 0.7800 Sterling pound 1.9931 1.9945 1.5571 1.5576154 words
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Article121 2012-06-14 26 As at 9am Jun 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.305 1.243 Can dollar 1.277 1.217 Euro 1.640 1.562 Sterling pound 2.033 1.955 NZ dollar 1.023 0.975 US dollar 1.302 1.252 Local dollars to 100 units of foreign121 words
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Article154 2012-06-14 26 Jun 13 $S Offer Bid 0vernight 0.10 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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 1.00 0.80 12154 words
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1301 2012-06-14 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 329 8.75 23 Conv Ratio Baker Technology Ltd W*****6 1 unch 20 1 32 18 28.00 5 BakerTech W*****5 4.6 -0.1 1680 1 27 131,301 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration1022 2012-06-14 27 VICTORIA HO - Keeping pace with IT race with an eye on marathons Oracle exec says her firm is riding high on new trends in technology, devices <the bizIT interview> By VICTORIA HO WHEN Tan Yen Yen isn’t running a marathon, she’s keeping pace with the rapid changes that her customers have to1,022 words
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558 2012-06-14 27 CLEMENT TEO - By CLEMENT TEO MENTION Huawei and telecommunications springs to mind. The Chinese company has, after all, made impressive inroads into 45 of the global Top 50 telecom providers, competing and at times dislodging telecom heavyweights such as Ericsson and Nokia Siemens Networks558 words
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195 2012-06-14 27 AP [NEW YORK] Proposals for Internet addresses ending in .pizza, .space and .auto are among the nearly 2,000 submitted as part of the largest expansion in the online address system. Apple, Sony and American Express are among companies seeking names withAP - 195 words
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Article, Illustration976 2012-06-14 27 reportsAMIT ROY CHOUDHURY - Customers want end-to-end solutions the firm’s key strength, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY WITH its CEO Meg Whitman setting the agenda in clear terms during the annual HP Discover programme in Las Vegas last week, HewlettPackard is gearing up to meet976 words
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Page 27 Advertisements
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Advertisement13 2012-06-14 27 Suss out a wide array of property listings in Malaysia @STProperty.sg 0 STPROPERTY.sg13 words
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PROPERTY
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397 2012-06-14 28 Investors drawn by favourable exchange rates, low prices Bloomberg [LOS ANGELES] The dollar volume of US homes sold to foreign buyers rose 24 per cent in the 12 months through March as investors from Canada, China, India, Mexico and the UK took advantageBloomberg - 397 words
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154 2012-06-14 28 Reuters [KUALA LUMPUR] Malaysia’s Starhill Real Estate Investment Trust will buy three hotels from the Marriott chain in Australia for A$415 million (S$530 million), the firm said yesterday. Starhill Reit said in a statement it will acquire the property and assets of SydneyReuters - 154 words
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Article1160 2012-06-14 28 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 20 WITH CONTRACT DATES BETWEEN MAY 16 AND 22, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 18/05/2012 99 1593 4369 2742 District 2 NON-LANDED Int'l Plaza1,160 words
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Article, Illustration939 2012-06-14 29 It is asking large companies to build, renovate and operate them as a way to save money and modernise the facilities NYT [FORT HOOD, Texas] THE hotel here could be any Holiday Inn Express, with a green and blue sign out front, a cheery lobbyNYT; PHOTOS: THE NEW YORK TIMES - 939 words
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Article, Illustration248 2012-06-14 30 Deal expected to be announced by end-June: report Reuters [NEW YORK] India’s Sahara Group is set to buy New York’s landmark Plaza Hotel for US$570 million, The Times of India reported on Tuesday. The deal for the Plaza, the 105-year-old luxury hotelReuters; FILE PHOTO - 248 words
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353 2012-06-14 30 Real estate deals picking up in cities including Hangzhou, Shenzhen, Nanjing Reuters [SHANGHAI] The number of property purchases in some major Chinese cities has picked up, as regulators struggle to combat rumours that Beijing is preparing to loosen curbs on real estate investmentReuters - 353 words
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332 2012-06-14 30 Bloomberg [SYDNEY] LaSalle Investment Management, owned by the world’s second-larg-est property broker, is seeking to raise as much as US$700 million for an Asia-Pacific property fund, according to two people familiar with the matter. The unit of Chicagobased Jones Lang LaSalle Inc hasBloomberg - 332 words
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443 2012-06-14 30 Hotelier expects its London rooms to be 90% full for Games Reuters [LONDON] The world’s biggest hotelier, InterContinental Hotels, expects its London rooms to be about 90 per cent full for the Olympic Games as the world’s sports fans flock to Britain for the two-week extravaganza.Reuters - 443 words
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Page 28 Advertisements
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Advertisement148 2012-06-14 28 us“L“ AUCTION OO II M C OA4 o value in a changing world 50 LOYANG WAY A single-storey JTC factory with mezzanine level Land Area: Approx. 74,401 sq ft Gross Floor Area: Approx. 28,344 sq ft Tenure: 30 years wef 1/5/1984 30 years Vacant possession in IP For further enquiries,148 words
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Advertisement102 2012-06-14 28 PRIME GOOD CLASS BUNGALOW IN DISTRICT 10 BRIZAY PARK Freehold Elevated rectangular-shaped regular plot of land Frontage 30 metres Land area approx. 16,000 sq ft Built-in area approx. 6,000 sq ft 2-storey detached housing with a basement, sprawling garden and swimming pool. Spacious Living, Dining, 4 bedrooms, outdoor patio area102 words
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Advertisement94 2012-06-14 28 D.12 FREEHOLD REDEVELOPMENT SITE Zoning Commercial Residential Plot Ratio 3 Site Area Approx. 321 sqm Height Control Up To 6 Storey Potential for Mixed Development Other Commercial Usage Subject To Authority Approval. No ABSD Private Sale of Holding Company We deal with Sales Leasing on the following types of assets94 words
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Advertisement248 2012-06-14 29 Freehold Site for Landed Housing Development Not To Scale. For Reference Only. Prime District 11 location Exclusive Bukit Tunggal GCBA Chancery neighourhood Site Area 9,696.3 sm (104,370 sf) MP 2008 ‘2-storey mixed landed’ Within 1 km to ACS (Barker) Near shopping medical hub in Novena Contact: DTZ Investment Advisory Services248 words
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Advertisement367 2012-06-14 29 Estate Agent Licence No. L*****36J FOR SALE BY PRIVATE TREATY REDEVELOPMENT SITES WITH 100% CONSENSUS Master Plan 2008 –Residential with Commercial at 1st storey, Plot Ratio 3.5 District 8, near to Farrer Park and Little India MRT stations Total land area 7,641 sq ft Freehold Kelvin Chan (R*****7C) 9654 5980367 words
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Advertisement61 2012-06-14 30 IG MARKETS xN* ov)t svtv on W»' s 0 'Sw" 0 e 24-hour FX/CFD trading on our free app. Where and when you do it is your call. Jr ISO IS DIFFERENT FIND YOUR APP IGAAARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA61 words
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