The Business Times, 21 June 2012

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Microfilm: NL32036
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, June 21, 2012
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  • Article, Illustration
    Lock icon S’pore rich list is longer than Hong Kong’s
    672 1  -  Implication for wealth management as Asia Pacific now has more affluent people than North America By KENNETH LIM [SINGAPORE] There is a changing of guard atop the wealth pole: Singapore now has more rich people than Hong Kong while Asia Pacific has
    Source: World Wealth Report 2012  -  672 words
  • Article
    Lock icon Big-ticket property deals are bouncing back, and the trend is likely to continue
    964 1  -  Investment sales rebound in Q2, setting the stage for healthy year overall By KALPANA RASHIWALA [SINGAPORE] Investment sales of property which cover big-ticket transactions have rebounded to about $6.4 billion in the second quarter as at June
    964 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,855.68 (+13.27) GST INDEX FUTURES 2,856.00 (+14.00) GSIMSCI 329.49 (+2.03) GSIMSCI FUTURES 330.10 (+2.40) us$ s$ US$ (S$ per US$) 1.268 (US$/S$ per 1.573 1.995 EURO (US$/S$/E) 1.267 1.608 Foreign currency per US$ S$ YEN 78.90 62.20 RM 3.160 2.491 HK$ 7.758 6.116 BAHT 31.50 24.83 RUPIAH
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.524 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg Source: Bloomberg
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      104 1 BizIT From voice to next-gen fibre Zone PAGE 26 PROPERTY Two residential sites launched PAGE 30 EUROZONE Greek leaders strike coalition deal PAGE 2 MARKET VIEWS Global equities cheap but caution reigns ETFs set to grow in Asia High dividend stocks win favour I PAGE 6 PATEK PHILIPPE GENEVE Begin
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      10 1 CAD PROBE Senior MFA official suspended PAGE 2 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      583 2 S’pore rich list is longer than Hong Kong’s THERE is a changing of guard atop the wealth pole: Singapore now has more rich people than Hong Kong while Asia Pacific has more fat cats than North America. In fact, the Asia Pacific region is now home to the
      583 words
    • Article, Illustration
      Lock icon Top MFA official suspended over alleged improper claims
      380 2  -  Chief of protocol Lim Cheng Hoe now under CAD investigation By KELLY TAY [SINGAPORE] A senior official from the Ministry of Foreign Affairs (MFA) has been suspended over allegations of improper claims for expenses incurred during overseas visits. Chief of protocol Lim
      380 words
    • Article
      Lock icon Indonesia to announce bank ownership rule soon
      600 2 BI may allow banks to own 90% of commercial lenders Bloomberg [JAKARTA] Indonesia may allow banks to own as much as 90 per cent of commercial lenders, easing concerns on ownership caps that may affect acquisitions including DBS Group Holdings Ltd’s bid for
      – Bloomberg  -  600 words
    • Article
      Lock icon Greek leaders strike deal on 3-way coalition
      436 2 New Democracy head Samaras is sworn in as PM Bloomberg Routers [ATHENS] Greek political leaders struck an agreement on a governing coalition that will seek relief from austerity measures tied to emergency loans, with New Democracy head Antonis Samaras as the prime minister.
      Bloomberg; Routers  -  436 words
    • Article
      Lock icon Malaysian properties spotlighted in Cowgate scandal seized by police
      417 2  -  Move seen as turning on the heat for NFC chairman By S JAYASANKARAN in Kuala Lumpur FOUR properties belonging to the National Feedlot Corporation (NFC) have been seized as part of ongoing investigations into the RM250 million (S$100.3 million) cattle-farming scheme
      417 words
    • Article, Illustration
      Lock icon S’pore growth will shudder if eurozone breaks: report
      653 4  -  It is likely to be most affected among Asian countries, ex-Japan By TEH SHI NING [SINGAPORE] Singapore’s growth will be hardest hit in non-Japan Asia if the eurozone should break up, Credit Suisse’s projections show. While the estimates come with a “sizeable
      653 words
    • Article, Illustration
      Lock icon The paper that sparked a storm over HK dollar peg
      1038 4  -  Many support Yam’s proposal but top officials not happy By SHU-CHING JEAN CHEN in Hong Kong JOSEPH Yam Chi-Kwong’s surprise call for Hong Kong to abandon its currency’s peg to the US dollar has divided the city and won him
      BLOOMBERG FILE PHOTO  -  1,038 words
    • Article
      Lock icon FDI in Europe rises in 2011 despite eurozone crisis
      771 4  -  Survey: Most investors confident about Europe’s future attractiveness By APRIL CHYE [SINGAPORE] Investors are largely optimistic about Europe’s attractiveness as an investment destination in the medium term, according to Ernst Young’s 10th annual European Attractiveness Survey. The report combines an analysis
      771 words
    • Article
      Lock icon New rules proposed for listings in mineral, oil, gas
      383 4  -  By JAMIE LEE [SINGAPORE] Singapore Exchange (SGX) has proposed specific mainboard criteria for companies engaged in the exploration of minerals, oil and gas, following its move early last year to implement special rules for such firms seeking to list on Catalist.
      383 words
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      144 2 LUNCHTIME LUXURIES FOR LESS G=—P T' F28 <\3 5f m <* 1 A V x /> ■_v 1 r s ill Jin Shan Savouring 5 Signature Dishes at only $28.80 When it comes to savouring life's little luxuries, there's no better way to do it than lunch at Jin Shan.
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      150 3 www.vw. com. sg With great power comes great responsibility. A sk m r ro Touareg Hybrid i V f 9 10' The Touareg Hybrid. With 380 bhp the Touareg Hybrid is one of the most powerful hybrid SUVs on the road. Its supercharged 3.0 V6 TSI engine, together with an
      150 words
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      642 4 GSH CORPORATION LIMITED (formerly known as JEL Corporation (Holdings) Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number: *****6139K) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 21 June 2012 issued by GSH Corporation
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      129 5 140 BHP ML TURBO 6n litres •O /100KA < 0 I -m e W^m i ill ft s»= s—- in asSS? Terms and conditions -S£ PLANT A TREE. BUILD A HOUSE. DRIVE A GTC. Drop by the new Opel Showroom as we celebrate the launch of the new Gran Turismo
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      578 6 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 10 YEARS TOTAL AMOUNT OFFERED SGD 2,000,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** SGD 400,000,000 ISSUE CODE NY*****X (REOPENED) ISIN CODE SG7J*****946 ISSUE DATE/SETTLEMENT DATE 02 JULY 2012 MATURITY DATE* 01 SEPTEMBER 2022 COUPON
      578 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Equities cheap but caution reigns: Fidelity
      555 6  -  Clients urged to preserve capital, go for dividends in risk-averse outlook MARKET VIEWS By CAI HAOXIANG EQUITIES worldwide are cheap and will remain cheap over the next two years, said Dominic Rossi, global chief investment officer of equities at Fidelity Worldwide Investment. But he
      YEN MENG JIIN  -  555 words
    • Article
      Lock icon IHH listing may spark interest in healthcare stocks
      378 6  -  By NISHA RAMCHANDANI THE listing of IHH Healthcare which is controlled by Malaysia’s sovereign wealth fund Khazanah Nasional could help spark interest in Singapore Ex-change-listed healthcare stocks. This could enable existing players to benefit as the initial public offering (IPO) shines a
      378 words
    • Article
      Lock icon ETFs set to grow in Asia: Deutsche Bank
      422 6  -  85% in survey keen on buying more ETFs in next 12 months By LIM WEI SHENG MUTED market performances and low interest rates are likely to further boost growth of the ex-change-traded funds (ETF) market in the Asia-Pacific region, according to Deutsche
      422 words
    • Article
      Lock icon High dividend stocks win favour
      491 6  -  OCBC Investment gives telcos, Reits overweight rating By GLENN CHOO INVESTORS are rallying behind high dividend yield stocks amid global uncertainty over the eurozone crisis and the slow economic recovery in the US. Among the 14 FTSE ST Sector indices, the telecommunications sector performed the
      491 words
    • Article
      Lock icon US, China to drive S’pore growth: UBS
      557 6  -  By WANG XIN MIN DESPITE jitters in global markets over the eurozone crisis, Singapore is not overly vulnerable to the region’s problems, according to UBS. Kelvin Tay, UBS’s regional chief investment officer for Southern Asia Pacific, said that the United States and China
      557 words
    • Article
      Lock icon Slide in Asia firms’ outlook
      812 7  -  Global economic uncertainty key risk factor cited for less upbeat sentiment By AUDREY TAN ASIA’S top companies are less upbeat about their business outlook following escalating tensions over the eurozone crisis and a slowdown in China’s growth. According to the latest Thomson Reuters-Insead Asia Business
      812 words
    • Article
      Lock icon KKR sets up its first deals team in Singapore
      321 7 Reuters [HONG KONG] KKR Co LP is setting up its first deals team in Singapore as the US private equity firm seeks to invest about US$1 billion in South-east Asia through its second Asia fund, sources with knowledge of the matter
      Reuters  -  321 words
    • Article
      Lock icon Olam CFO quits to pursue career outside agri sector
      307 7  -  By CAI HAOXIANG COMMODITIES trader Olam International’s chief financial officer Krishnan Ravi Kumar has resigned to pursue a new career outside the agri-commodity sector, the company said yesterday. Taking over his place in a new, broader position will be Shekhar Anantharaman,
      307 words
    • COMPANY BRIEFS
      • Article
        Lock icon Nam Cheong unit wins order for 4 vessels
        63 7 NAM Cheong Ltd announced that its wholly owned subsidiary, Nam Cheong Dockyard Sdn Bhd, has been awarded a letter of intent from Bumi Armada Navigation Sdn Bhd for four multi-purpose platform supply vessels, with an option to build four additional units. The
        63 words
      • Article
        Lock icon KepCorp appoints Tan Puay Chiang as ID
        81 7 KEPPEL Corporation has appointed Tan Puay Chiang as an independent director with effect from yesterday. Mr Tan, 65, is a veteran in the oil, gas and petrochemicals sector. During his 38-year career with Mobil Oil and later ExxonMobil, he held executive management roles
        81 words
      • Article
        Lock icon United Food issues loss warning for Q2
        71 7 UNITED Food Holdings Ltd warned that the group is expected to report a loss for the second quarter ending June 30, 2012. The expected loss is attributed to lower selling prices of the products of the soya bean processing division in Q2, coupled
        71 words
    • Article, Illustration
      Lock icon Ukraine firm plans Keppel semi-sub order
      485 9  -  Naftogaz takes delivery of second KFELS B Class jack-up rig from Keppel Fels By LYNN KAN WHILE Ukraine let out a collective national groan when its soccer team went out of Euro Cup 2012, its state-owned gas company, Naftogaz, and Singapore rigbuilder Keppel Fels
      485 words
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      Lock icon Page 7 Advertisements Column 1
      75 7 ULTIMATE DISCRETION mmmm LV« ZTfe--■S? PIAGET ALTIPLANO The world’s thinnest automatic watch White gold case, 5.25 mm thick The world's thinnest automatic movement Piaget Manufacture Calibre, 2.35 mm thick PiageT www.piaget-altiplano.com 'O-" PIAGET Boutiques: 01-11 Takashimaya Shopping Centre, Ngee Ann City, 391 Orchard Road. Tel: +65 6732 6831 Bl-35 The
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Market stays in hesitant mode
      557 8  -  STI up 13.27 points as traders pin hopes on FOMC and G-20 meetings STOCKS R SIVANITHY Senior Correspondent A 13.27-point rise in the Straits Times Ind e x (STI) to 2,855.68, low volume consistent with the averages of the past three months that amounted to
      Source: Bloomberg  -  557 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 0 0 0 5 6 3 Manufacturing 45 36 39 6 6 8 51 42 47 Commerce 23 16 19 4 4 1 27 20 20 Tpt/Stor/Comms 23 10 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,153 13,153 53,741 53,741 Manufacturing 321,667 45,322 366,989 214,903 1,794 216,697 Commerce 235,728 5,886 241,614 124,644 237 124,880 Tpt/Stor/Comms 80,369 12,002 92,371 117,381 3,167 120,548 Finance 13,177 13,177 120,763 120,763 Construction 89,333 8,625 97,958 14,483
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.520 +0.025 CapitaLand 2.690 -0.040 CapitaMall 1.790 -0.015 CityDev 10.780 +0.060 ComfortDelGro 1.500 +0.020 DBS Grp 13.770 +0.150 F&N 7.000 +0.080 GLP 2.140 Genting SP 1.435 -0.005 Golden Agri 0.665 +0.015 HK Land 5.730 -0.070 JMH 48.100 -0.250 JSH 29.440 -0.170
      110 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Jun 20 VALUE CLOSE BT OB/OS 281.00-150.00 BT CADI -*****.00 +73.00 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 662.39 +2.60 FTSE ST Small Cap 436.36 +2.81 FTSE ST All Share 691.19 +3.19 FTSE ST China Top 195.72 +0.66 FTSE ST China 221.72 +1.42 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME ChinaTaisan 71,569,000 GSH Corp 71,336,000 Ntegrator 60,454,000 Artivision 48,826,000 Golden Agri 47,108,000 Aussino 38,809,000 Contel 35,506,000 Noble Grp 35,387,000 Genting SP 31,208,000 Sakari 29,637,000 VALUE($) Wilmar 75,855,720 DBS Grp 48,295,360 Genting SP 44,961,755 Sakari 41,282,996 Olam 41,190,960 Noble Grp 41,043,255 SingTel 40,575,370 SembMar 32,026,160 Golden Agri
      55 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      878 8  -  Compiled by JAMIE LEE Telco sector CIMB RESEARCH, June 20 CLEARING the airwaves for 4G: The reserve price has not been determined. We do not expect runaway bids as there is ample spectrum unless: Nthe telcos try to bid for more spectrum than optimum, or Nnew players enter
      Source: Bloomberg  -  878 words
    • Article, Illustration
      Lock icon Won, peso gain on stimulus speculation
      465 8 CURRENCIES Bloomberg [SINGAPORE] South Korea’s won and the Philippine peso rose on speculation central banks will roll out more stimulus that may spur demand for emerging-market assets. Most other Asian currencies were little changed. With US inflation below a 2 per cent target, the
      Bloomberg; BLOOMBERG FILE PHOTO  -  465 words
    • Article
      Lock icon RISES
      122 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 217.0 0.9 DBXT SPASX200 10US$ 3191 152.2 3.9 DBXT MSKorea 10US$ 5488 83.7 1.2 IS MSCI Spore 1231 69.8 4.7 DBXT MSTHAI 10US$ 1808 44.4 2.0 Jardine C&C 4479 44.0 1.0 DBXT MSINDO 10us$ 1388 43.1 2.5 CIMBAsean40 100US$ 981
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    • Article
      Lock icon FALLS
      115 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -145.9 -0.7 DBXT S&P Short 10US$ 3777 -57.1 -1.2 JMH 4810 -31.7 -0.5 Asia Pac Brew 3450 -30.0 -0.9 JSH 2944 -21.6 -0.6 GentingSBPeCW*****3 0.5 -19.5 -97.5 DBXT E50 10US$ 3259 -14.0 -0.3 CerebosPac 535 -12.0 -2.2 Spore Land 536 -9.0 -1.7
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      3650 9 SATS Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 39th Annual General Meeting of SATS Ltd. (the “Company”) will be held at the Grand Mandarin Ballroom, Mandarin Orchard Singapore, 333 Orchard Road, Singapore *****7, on Thursday
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Jurong Aromatics plant ahead of schedule
      453 10  -  US$2.4 billion complex expected to start up in July/August 2014; firm exploring expansion By RONNIE LIM TEN months into its building, Jurong Aromatics Corporation’s US$2.4 billion aromatics complex on Jurong Island “is slightly ahead of schedule, with completion expected in the first half of
      453 words
    • Article, Illustration
      Lock icon Mobile advertisers here lag in exposure rates
      386 10  -  But smartphone penetration tops HK, S Korea: survey By LIM WEI SHENG SINGAPORE may be topping the Asia-Pacific region in smartphone penetration rates, but mobile advertisers here are still lagging in exposure rates. According to the results of a Nielsen survey, 72 per
      Source: Nielsen  -  386 words
    • Article
      Lock icon Competition panel revises merger guidelines
      337 10  -  Revised rules follow feedback from the business community By GLENN CHOO THE Competition Commission of Singapore (CCS) has published its revised guidelines on company mergers, which will come into effect on July 1. CCS will introduce a new service offering confidential advice to merger parties.
      337 words
    • Article
      Lock icon Q4 start for centre that helps self-represented litigants
      343 10  -  By GRACE LEONG THE Community Justice Centre, which will provide legal and social aid to litigants who wish to represent themselves in the Subordinate Courts, is expected to start operations by this fourth quarter. The centre, to be housed at the Subordinate
      343 words
    • Article
      Lock icon COE prices up for Cat A and B
      336 10  -  By NISHA RAMCHANDANI CERTIFICATE of Entitlement (COE) prices ended mixed at the close yesterday of the latest bidding exercise, with premiums rising for cars 1,600 cc and below as well as for cars over 1,600 cc, while other categories fell. COE premiums
      336 words
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      32 10 SINGAPORE'S HOTTEST HITS T ■^r L.v- r v (t<m MS i« a v t It ii ii ii Hi .< f;T" m I! HEAR JUSTIN BIEBER’S HOTTEST HITS ON 31.3FM [SMI TWITS BtilUUSC
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      32 10 OH, KOLKATA! Five tabla! readers write about the changes in their city of joy S’PORE’S NIGHTLIFE HAS A STRONG INDIAN BEAT GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      32 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan May trade deficit third highest on record
      496 11  -  Energy imports soar on nuclear reactor shutdown, exports to Europe take a hit By ANTHONY ROWLEY in Tokyo SOARING energy imports to Japan pushed the nation’s trade deficit in May to the third-highest level on record, and though exports to the US
      AFP  -  496 words
    • Article
      Lock icon FSB survey signals developing world’s Basel III concerns
      389 11 Bloomberg [BRUSSELS] Global regulators are being urged by some developing countries to amend plans that would force banks to boost their capital and liquid assets, expressing concerns that the measures may harm their economies. A survey of developing and emerging economies conducted
      Bloomberg  -  389 words
    • Article
      Lock icon Canada to join Trans-Pacific trade talks
      303 11 Reuters [LOS CABOS, Mexico] Canada will join 10 other nations in talks aimed at creating an Asia-Pacific free trade agreement, Prime Minister Stephen Harper announced on Tuesday, part of a bid to reduce reliance on the US market in favour of fast-growing emerging economies.
      Reuters  -  303 words
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      71 11 Bulls and Bears in The Wall Street Journal. Reserved. Rights All Inc. Company, Jones Dow ©2012 What in the world is going on? From vital insights and analysis on business and finance to the latest trends affecting companies and consumers, The Wall Street Journal provides the breaking news and intelligence
      71 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia will strengthen banking supervision: official
      562 12 This will ensure that lenders are insulated from fallout from Europe’s crisis Bloomberg [JAKARTA] Indonesia will strengthen banking supervision to ensure that lenders stay insulated from fallout from Europe’s crisis, the incoming head of the country’s new financial regulator said. Commercial banks have about
      Bloomberg; REUTERS  -  562 words
    • Article
      Lock icon Exporters swop rupiah funds for US$
      267 12 Reuters [HONG KONG] Indonesian exporters in need of US dollars are raising rupiah funds locally and swapping them into the greenback for huge savings another example of how important the local markets have become for Asian issuers. The latest company to take this route
      Reuters  -  267 words
    • Article
      Lock icon Gevo to invest in RM1.65b Terengganu biomass facility
      421 12  -  By PAULINE NG Kuala in Kuala Lumpur NASDAQ-listed Gevo Inc plans to invest in a RM1.65 billion (S$662 million) biomass facility in the Malaysian state of Terengganu that produces isobutanol from woodchips and oil palm biomass a move seen as boosting the
      421 words
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      771 12 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 to
      771 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon SEC seeks audit papers from Big 4 units in China
      359 13 Reuters [NEW YORK] The Chinese arms of all of the Big Four audit firms have been asked by US regulators to turn over documents related to audits of China-based companies that are listed in the United States, a person familiar
      Reuters  -  359 words
    • Article, Illustration
      Lock icon ‘Evergreening’ hides extent of Indian banks’ bad loans
      630 13 Reuters [MUMBAI] Lenders to India’s Hotel Leela a fivestar chain that is more than two months behind in payments on US$700 million of debt are likely to bite the bullet and amend the loan terms rather than declare it in default, say
      Reuters; REUTERS  -  630 words
    • Article
      Lock icon China opens up bond market
      572 13 More companies allowed to trade bonds; increased scrutiny over issuers Bloomberg [BEIJING] China is allowing more companies to trade bonds and increasing scrutiny over issuers as the government seeks to ensure that the expansion of its nascent debt market is not derailed by defaults. The
      Bloomberg  -  572 words
    • Article, Illustration
      Lock icon Beijing could cut reserve ratio to spur growth
      569 13 Reducing rates may be last-resort policy option: economists Reuters [BEIJING] China’s central bank could rely on cutting the amount of cash the banks must hold as reserves to bolster growth but reserve further interest rate cuts as the last-resort policy option, economists
      Reuters; BLOOMBERG  -  569 words
    • Article
      Lock icon Govt subsidies crowding out investment: RBI
      534 13 Bloomberg [NEW DELHI] Indian central bank governor Duvvuri Subbarao has blamed state spending on subsidies for the crowding out of investment just as the slowing economy drives the biggest increase in bond risk among the largest emerging markets. The handouts are posing a burden
      Bloomberg  -  534 words
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      268 13 WATS NOTICES IN THE MATTER OF AMOSCO PTE LTD (COMPANY REG. NO, (UEN) *****3992Z) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company deemed held on 14 June 2012 the following special resolutions were passed:Itwas resolved: 1. "That AMOSCO PTE LTD be wound up voluntarily pursuant to
      268 words
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      63 14 BS iSj. t',;. »f v 2^ C V, Jf1 You see more of your boss’s face than your wife’s. Maybe it’s time to look for a new job. A product of SPH, Singapore’s trusted media group. At stjobs.sg your ideal job isn’t hard to find. The STJobs App for iPhone
      63 words
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  • WORLD
    • Article
      Lock icon iPad boom heats up lithium demand, boosts prices
      620 15 Four firms account for 95% of supply; hybrid cars set to accelerate demand Bloomberg [LONDON] Investors from JPMorgan Chase Co to BlackRock Inc are trying to make money from the exploding popularity of iPads and increasing sales of hybrid cars by investing
      Bloomberg  -  620 words
    • Article, Illustration
      Lock icon News Corp bids for Packer media group
      657 15 Reuters [MELBOURNE] Rupert Murdoch’s News Corp made a US$2 billion takeover offer for Australia’s Consolidated Media Holdings yesterday, boosting top shareholder and billionaire James Packer’s warchest as he abandons media in favour of casinos. Mr Packer, who has built stakes in casinos in
      Reuters; AFP  -  657 words
    • Article, Illustration
      Lock icon Social media spurs Vietnam e-commerce boom
      617 15 AFP [HANOI Vietnam’s young, tech-sav-vy population is turning to the Internet to break out of an economic system stifled by decades of communist rule, leading to a boom in e-commerce. Internet entrepreneur Thao Phuong earns twice as much money each month selling tropical fruit
      AFP  -  617 words
    • Article, Illustration
      Lock icon Assange seeks asylum at Ecuador embassy
      467 15 Reuters [LONDON] WikiLeaks founder Julian Assange has taken refuge in Ecuador’s embassy in London and asked for asylum, officials said on Tuesday, in a last-ditch bid to avoid extradition to Sweden over sex crime accusations. Ecuadorean Foreign Minister Ricardo Patino said his country would
      Reuters  -  467 words
    • Article
      Lock icon Wealth managers need new business models: survey
      440 15 Industry is suffering squeezed margins, volatile returns Reuters [LONDON] The wealth management industry looking after the money of society’s richest individuals needs to rethink its business models if firms are to survive an increasingly hostile environment, a survey found. An annual report into
      Reuters  -  440 words
    • Article
      Lock icon US public sector workers face continued layoffs
      556 17 Officials reducing spending amid declining revenues, hurting recovery NYT [NEW YORK] American companies have been slowly adding workers for more than two years. But pink slips are still going out in a crucial area: government. In California, the governor is threatening to eliminate
      NYT  -  556 words
    • Article
      Lock icon Draft green text for Rio+20 seen as ‘too weak’
      295 17 Reuters [RIO DE JANEIRO] Diplomats from over 190 nations have agreed on a draft text on green global development to be approved this week at a summit in Rio de Janeiro, but environmentalists complained the agreement was too weak. The summit,
      Reuters  -  295 words
    • Article, Illustration
      Lock icon Rio Tinto to invest US$3.7b to boost iron ore output
      431 17 Reuters [SYDNEY] Rio Tinto will spend US$3.7 billion to boost its Australian output of iron ore, its most profitable business, shrugging off forecasts of waning demand and a looming global supply glut as Chinese manufacturing slows. The spending to increase
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      Lock icon Spain, Italy bond yields ease on talk of buying by bailout funds
      696 18  -  European stock markets and euro continue rally, albeit at a muted rate By NEIL BEHRMANN in London SPANISH and Italian bond yields fell on unconfirmed reports that two bailout funds would apply their firepower of 750 billion euros
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    • Article
      Lock icon Samsung wins patent suit against Apple
      249 18 Reuters [AMSTERDAM] A Dutch court ordered Apple to pay damages to Samsung Electronics over a patent violation in the Netherlands, the latest twist in the global legal battle waged by the two rival phone and computer makers. Apple and Samsung have been suing each
      Reuters  -  249 words
    • Article
      Lock icon G-20 leaders weigh stimulus vs austerity
      467 18 AP [LOS CABOS, Mexico] Leaders concluding an annual Group of 20 (G-20) meeting here on Tuesday sought to reassure the world that they would find a way to put out the debt-fuelled economic wildfire that has threatened banks, wiped out jobs and toppled governments
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    • Article
      Lock icon NYSE Euronext marks London debut with Eurotunnel IPO
      297 18 Reuters [LONDON] NYSE Euronext has launched a Londonbased exchange to challenge the London Stock Exchange (LSE) for international listings, in a move that for the first time gives the LSE competition over lucrative large flotations on its home turf. NYSE Euronext, which
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    • Article
      Lock icon BOE plans new stimulus after close 5-4 vote
      628 18 Risks from eurozone crisis have intensified, it says Reuters [LONDON] The Bank of England (BOE) signalled yesterday that it was close to releasing a wave of new money into the shrinking British economy because of the worsening eurozone crisis. Such a move
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    • Article, Illustration
      Lock icon Americans say they are better off under Obama
      759 18 Survey provides surprising lift to Obama’s re-election campaign Bloomberg [WASHINGTON] More Americans now say they are better off than they were when President Barack Obama was inaugurated, providing a surprising lift to Mr Obama’s re-election campaign despite troublesome economic news. Forty-five per
      Bloomberg; AP  -  759 words
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      63 16 Close to 10 million page views and 1.5 million visitors monthly. More than 25 thousand jobs. online portal. Source: Nielsen NetRatings May 2012 STJobs.sg Sales Director SEARCH NOW A product of SPH, Singapore’s trusted media group. At stjobs.sg your ideal job isn’t hard to find. The STJobs App for iPhone
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      3120 17 ULTRO TECHNOLOGIES LIMITED (Company Registration No. *****0318G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the Circular to Shareholders dated 21 June 2012 issued by Ultro Technologies Limited (the “Company”). NOTICE IS
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon JAL targets September relisting after IPO
      535 19 But analysts are sceptical that it can maintain a high level of profitability Reuters [TOKYO] Japan Airlines (JAL) was expected to apply as early as yesterday to relist its shares in September after raising about US$8 billion in an initial public offering (IPO), doubling
      Reuters; REUTERS  -  535 words
    • Article
      Lock icon Opec’s output pledge to keep fuelling cargoes
      639 19 Move boosts shipowners’ confidence in rates Bloomberg [LONDON] Opec’s pledge to maintain production quotas will sustain a record supply of oil cargoes in the Persian Gulf, giving shipowners the confidence to demand more money after charter rates plunged 76 per cent in 11
      Bloomberg  -  639 words
    • Article
      Lock icon Changi May passenger traffic up 8%
      278 19  -  By VEN SREENIVASAN [SINGAPORE] Singapore Changi Airport handled 4.09 million passenger movements in May 2012, an increase of 8.4 per cent compared with a year ago. About 28 per cent or 1.13 million of these were travellers getting on or off budget carriers. Flight
      278 words
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      Lock icon IAG may struggle to market Bankia stake
      411 19 Reuters [MADRID] International Airlines Group, formed by the merger of British Airways and Iberia, may struggle to persuade any rival airline to buy a stake currently owned by a troubled Spanish bank, despite signalling that it would be open to such a deal.
      Reuters  -  411 words
    • Article
      Lock icon Ship scrapping rates fall to lowest since June 2010
      413 19 Bloomberg [LONDON] Rates to buy ships for demolition plunged to the lowest since June 2010 as a weakening Indian rupee, an oversupply of vessels and falling scrap-steel prices curbed purchases. Cash buyers who purchase older ships from owners for resale to
      Bloomberg  -  413 words
    • Article
      Lock icon TRANSPORT STOCKS
      257 19 SGX '000 Jun 20 S$ +/-Vol CH Offshore 0.41 0.01 19 Chuan Hup Hldg 0.22 unch 25 Cosco Corp 1.01 unch 3499 s$ Ezra Hldgs 1.05 0.03 5491 First Ship Lea 0.17 unch 387 Freight Links 0.06 unch 214 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      257 words
    • Article
      Lock icon The Business Times Shipping times
      1968 22 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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      30 19 www.omy.sg NMR. Qrta “S*ER” ■5$ 10,000 s Vice Ring Probe Available ONLY on ANDROID ARP ON Google play nit> mmtom: UrMVttiiaSfllil mmmm. mx W. JS.X «IL s s H www.omy.sg
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      279 19 CRYPTIC CROSSWORD Across 6 Forger seen in bar, assembling it free (13) 8 The lady’s sphere mostly is found in aromatic plants (6) 9 Getting back, help clan in onslaught (8) 10 Member in European Union being unable to take flight (3) 11 Two possibilities for batsman making attack (3,3)
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  • EDITORIAL & OPINION
    • Article
      Lock icon The eurozone needs urgent action – again
      510 20 The eurozone needs urgent action again EDITORIAL THE twists and turns in the eurozone are becoming wearily familiar. At first, Greece didn’t need any help from strangers; then it needed just a few billion euros of spare change to pay the bills and keep the lights on until fickle bond
      510 words
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      Lock icon Despite everything, banks are still at status quo
      831 20  - Despite everything banks are still at status quo THE BOTTOM LINE LEON HADAR Washington Correspondent NO one can forecast the outcome of the current crisis in the eurozone, or predict who is going to win this year’s US presidential election. But one thing is becoming clear. Those of us who
      831 words
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      Lock icon Opening of doors to China’s bond markets
      1045 20  -  The country is revolutionising its financial system just like it changed its economic system By GEOFFREY LUNT The writer is investment director for Asian currencies at HSBC Global Asset Management CHINA’S interest rate cut has garnered a great deal of attention from the
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      Lock icon Eurobonds to end eurozone crisis ?
      1104 21  - Eurobonds to end eurozone crisis They aren’t a complete solution but if designed properly, they could form part of the overall solution By JEFFREY FRANKEL The writer is professor of capital formation and growth at Harvard University ANY solution to the eurozone crisis must meet a short-run objective and a
      AP  -  1,104 words
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      Lock icon Eurozone crisis a real-life horror movie unfolding
      930 21  -  ANTHONY ROWLEY Tokyo Correspondent DO you ever feel, as I do when watching the news about Europe lately, that you fell asleep in a cinema and woke up just as the film “A Greek Tragedy” is starting to re-run. It began, you recall,
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2445 23 Transaction date: Jun 20 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 118 +0.5 395 118 117.5 117 118 7.1 11.3
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      Lock icon SGX CATALIST
      193 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Suyer Seller C'vr P/E Smil 4.7
      193 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8093 24 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 0.6357/ 0.994?/ China
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      Lock icon GLOBALQUOTE
      204 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.5 28.5 AVJennings A30 -1.5 8 30 29 30 34.5 3.6 11.7 2.4 78.1 46 25.5 Genting HK US$ US33 unch 899 33.5 33 32.5 33 2172.9
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      Lock icon SGX ETF
      933 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122.4 122.4 CIMB APAC Div 100S$D 122.4 124.4 124.9 103 95.8 CIMB APAC Div 100US$ US96 98.1 98.6 10.1 1246 1246 CIMBASEAN40 100S$D 1246 2 1246
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      620 25 Jun 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8739.10 8770.41 8711.22 Sep12 8660.00 8755.00 8620.00 8735.00 ***** *****9 Dec12 8675.00 1 6455 MSCI TAIWAN INDEX FUTURES SPOT 259.94 261.76 259.62 Jun12 258.70 262.30 258.30 260.80 ***** *****0 Jul12 251.70 254.80 251.70 253.30 773
      620 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 19 Index Change Change Change Change Change Change World Preliminary 864.7 1.0 4.2 0.8 1.3 1.3 3.7 EAFE Preliminary 683.9 1.0 0.3 1.0 -3.2 1.5 -0.8 Europe Preliminary 1021.9 1.8 -0.4
      373 words
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      Lock icon SMX MARKET UPDATE
      136 25 As on 19 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 540.20 537.30 539.15 1008 INDIA GOLD (E-GOLD) FUT OCT2012 540.20 540.10 544.50 30 CURRENCY EUR-USD FUT SEP2012 1.2736 1.2580 1.2721 2346 BASE METAL COPPER FUT JUL2012
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      Lock icon CHICAGO BOT
      107 25 Jun 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1433.75 1384.25 1451.50 1389.00 Aug 12 1421.25 1370.25 1437.50 1374.75 Sep 12 1398.00 1350.50 1409.00 1357.75 Nov 12 1384.50 1339.25 1395.00 1343.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.44
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jun 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 96.10 0.16 WTI (Near Mth) 84.22 1.34 Dubai (1-Mth F) 93.48 -1.99 Tapis blend 101.05 -1.98 Minas 101.95 -1.98 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.22 -2.95 Jet Kerosene 109.44 -2.68 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jun 20 S$ Bid Offer 1-month 1.2683 1.2687 2-months 1.2683 1.2686 3-months 1.2681 1.2688 6-months 1.2667 1.2672 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 25 Jun 19 Jun 19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1886.00 1890.00 3 months 1926.00 1929.00 Copper, Grade A(US$/tonne) Cash 7599.50 7498.25 3 months 7609.00 7510.00 Lead(US$/tonne) Cash 1895.00 1881.50 3 months 1912.50 1895.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 25 Jun 19 COCOA (£/tonne) Close Prev High/Low Jul 12 1539 1530 1543/1521 Sep 12 1523 1513 1527/1505 Dec 12 1493 1483 1496/1475 Mar 13 1478 1469 1481/1462 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2082 2066 2088/2051 Sep 12 2101 2079 2108/2064 Nov 12 2088 2065 2095/2050 Jan 13 2059
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1278 25 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 1 146 369 8.00 23 Conv Aztech Grp W*****3 0.1 -0.2 450 1 20 105 98.00 5 Baker Technology Ltd W*****6 1 1 32 14 29.00 5
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Jun 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.476 0.804 7.902 57.077 96.528 0.803 11.724 3.218 1.280 95.922 42.925 1.292 8.380 0.965 30.410 32.083 0.648 1.019 Canada 0.963 6.238
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    • Article
      Lock icon SIBOR
      58 25 Jun 20 (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$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      136 25 Jun 20 GOLD(US$/oz) Jun 19 Jun 20 Hong Kong 1637.00 1626.00 Jun 20 Jun 18 Jun 19 London 1622.39 1625.35 1623.61 1626.15 Source: Thomson Reuters CAST BAR Jun 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 159 66 5gm 451 330 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Jun 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 20-Sep-12 0.27 1-Year BY*****T 02-May-13 0.27 0.25 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.15 5-Year N*****0Z 2.375 01-Apr-17 108.95 10-Year NX*****X
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    • Article
      Lock icon PALM OIL
      57 25 Jun 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 2980.0 2930.00 3034.0 2980.0 2171 6768 Aug 12 2982.0 2942.00 3050.0 2982.0 8995 ***** Sep 12 2993.0 2948.00 3056.0 2992.0 ***** ***** Oct 12 2998.0 2964.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Jun 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2911 1.2927 1.0180 1.0190 Canadian dollar 1.2443 1.2448 0.9811 0.9813 Euro 1.6072 1.6080 1.2672 1.2675 NZ dollar 1.0083 1.0098 0.7950 0.7960 Sterling pound 1.9944 1.9953 1.5725 1.5728
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jun 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.319 1.257 Can dollar 1.272 1.212 Euro 1.643 1.565 Sterling pound 2.029 1.951 NZ dollar 1.036 0.987 US dollar 1.286 1.237 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      154 25 Jun 20 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.24 0.14 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 12
      154 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon From voice to the next-gen fibre Zone
      725 26  -  The latest entrant to the fibre broadband scene is a voice veteran, reports VICTORIA HO reportsVICTORIA reportsVICTORIA HO ZONE Telecom is the latest fibre player on the market, but consumers might never hear about its services. Perhaps best known for its 1516 IDD
      725 words
    • Article
      Lock icon Customised data plans the way to go in SEA: Ericsson
      424 26  -  By VICTORIA HO CARRIERS in South-east Asia’s emerging markets should study their local consumers thoroughly and customise data packages to capitalise on the next wave of growth, says Ericsson. A recent regional study done by the telecoms vendor found that
      424 words
    • Article, Illustration
      Lock icon Broadband connections top 600 million globally in Q1
      842 26  -  Asia had over 262m, higher than any other region; S’pore, 1.3m By CLEMENT TEO WORLDWIDE broadband subscriptions crossed 600 million in the first quarter of 2012, with more than 100 million new lines added in less than 18 months, according to The
      YEN MENG JIIN  -  842 words
    • Article
      Lock icon Service providers must transform or perish
      822 26  -  By CLEMENT TEO WILL communications service providers (CSPs) fade away in the new world of communications, or can they transform and emerge stronger? “It’s no secret that regulation and competition are squeezing CSPs from every direction competition from similar companies and competition from radically
      822 words
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  • PROPERTY
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      Lock icon Mexican homebuilders rally most in 5 mths
      296 27 Industry buoyed by resilient demand as govt maintains mortgage subsidies Bloomberg [NEW YORK] Mexican homebuilders jumped the most in five months as valuations at almost a threeyear low lured investors to the industry amid speculation the US Federal Reserve may announce more stimulus
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    • Article
      Lock icon Househunt
      1065 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 21 WITH CONTRACT DATES BETWEEN MAY 23 AND 29, 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 The Sail Marina Bay Apt 25/05/2012 99 678 1250 1844 District 2 NON-LANDED Eon
      1,065 words
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      Lock icon Sumitomo pays record low yield for bonds
      1189 28 Developer bond sales have jumped 53% to 145b yen so far this year Bloomberg [TOKYO] Sumitomo Realty Development Co, Japan’s third-largest real estate company, sold bonds at a record low yield as borrowing costs for the nation’s developers fell to the least in
      Bloomberg; BLOOMBERG  -  1,189 words
    • Article
      Lock icon Manhattan landlords shift to buying partial stakes
      674 28 NYT [NEW YORK] It is not obvious from the names on the deeds, but 655 Madison Avenue, the Backer Building at 136 Madison Avenue, and 304 East 45th Street in Manhattan share a new owner. All three office buildings still belong to the
      NYT  -  674 words
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      Lock icon Vietnam hotel sector has room for growth
      806 29 A growing middle class is boosting demand for an industry with a range of choices for every budget Bloomberg [HO CHI MINH CITY] The name “Hilton” has been through a few incarnations in Hanoi: sarcastic moniker for the jail that held US prisoners
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    • Article, Illustration
      Lock icon Tanah Merah, Bright Hill sites launched to yield 820 homes
      592 30  -  Bids of $500-$600 psf ppr seen for first plot, $550-$620 psf ppr for second By MINDY TAN TWO residential sites, expected to yield up to 820 housing units, were launched for sale by public tender by the Urban Redevelopment Authority
      592 words
    • Article
      Lock icon Advisers urge Beijing to relax property curbs
      759 30 Reuters [BEIJING] China’s top advisory body called on the government to relax property market restrictions to keep the economy growing, a newspaper said yesterday, the first such proposal by advisers to steady a weakening house market. The China Daily cited the Chinese People
      Reuters  -  759 words
  • Page 27 Advertisements
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      63 27 Y ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Gardens VIVIEN TAN 9797 2703 CEA Reg. No. R*****4H ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Gardens JOSEPHINE LIM 8200
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      Lock icon Page 27 Advertisements Column 2
      32 27 m H. ON SHENTON ON SHENTON LIVE, WORK, PLAY in CBD Former UIC Building 510 units, 53 storeys 3 levels of Sky Gardens BENNY GOH 93 622 621 CEA Reg. No. R*****3B
      32 words
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      Lock icon Page 27 Advertisements Column 3
      168 27 Collective Sale of Lam Soon Industrial Building (1) Residential Redevelopment; or (2) Industrial A A (subject to Authority’s approval) Huge freehold site: 21,452.7 sm (approx. 230,915 sqft) Regular shape with wide frontage of approx. 200m Master Plan 2008: Residential with plot ratio 1.92 Current Industrial use with GFA of approx.
      168 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      197 28 NEW LAUNCH! Property Consultants No. 8 Bassein Road Novena 8 Minutes walk to Novena MRT SOHO STYLE 1 BR (431 452sqft) $8XXK up Luxurious Penthouses 3 BR (2,099 2,228sqft) Call 9127 3888 or 9636 0606 Visit www.8bassein.com if ON SHENTON www.v-on-shenton.net LIVE, WORK. PLAY in CBD Former UIC Building 510
      197 words
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      Lock icon Page 28 Advertisements Column 2
      110 28 High exposure development opportunity in Western Australia FOR SALE 460 Pinjarra Rd, Greenfields, Perth Western Australia Halls Head Mandurah Road Pinjarra Road Mandurah Total landholding 1.699ha* Approved outline development plan Extensive frontage to Pinjarra Road and Old Pinjarra Road Located on main thoroughfare linking Mandurah and Greenfields to Pinjarra Approx.
      110 words
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      Lock icon Page 28 Advertisements Column 3
      45 28 HERE NOW Australian House Land Earn18.8%+ ROI Subject to strategy selected www.smar troisolutions.com/bt +65 9727 9898 Ray International Real Estate Group INTERNATIONAL REAL ESTATE GROUP Grow i Your Stock j Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices CLA/FEB1 1/g
      45 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      258 29 Freehold Site for Landed Housing Development Contact: DTZ Investment Advisory Services Tel: 6293 3228 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 Not To Scale.
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      Lock icon Page 29 Advertisements Column 2
      307 29 B CENTRAL B AT THE CENTRE OF GROWTH Located prominently on Bendemeer Road, B CENTRAL is a specially designed flatted business space most perfect for clean and light industries. >T r--raw ■R«ss m Artist’s Impression CHOICE UNITS from approximately $191 p sf Designed for optimal efficiency and great functionality Wide
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      51 30 IG te G/u it MARKETS w© r/)o /f Od ©rs? High-volume FX traders enjoy automatic rebates every month with IG S DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by the MAS and International Enterprise
      51 words