The Business Times, 20 December 2012
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2012-12-20
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The Business Times
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Title Section25 2012-12-20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, December 20, 201225 words
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807 2012-12-20 1 KENNETH LIM - They find bid ‘not compelling but fair’, raise valuation By KENNETH LIM [SINGAPORE] It will take more than an additional 20 cents per share to nudge Fraser and Neave’s (F&N) independent financial advisers into calling a general offer anything more than “not compelling807 words
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Article, Illustration721 2012-12-20 1 ANTHONY ROWLEY - Hope surges in home-driven Indonesia and Malaysia while external shocks may hurt S’pore, Hong Kong By ANTHONY ROWLEY By in Tokyo SOUTH-EAST Asia has become an island of hope in a sea of global economic troubles, according to a World Bank report. ThePHOTOS: REUTERS, AFP - 721 words
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MARKETS DIGEST
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Article65 2012-12-20 1 GST INDEX 3,158.57 (+1.78) GST INDEX FUTURES 3,153.00 (+2.00) GSIMSCI 358.97 (+0.83) GSIMSCI FUTURES 358.70 (+0.20) us$ s$ US$ (S$ per US$) 1.219 (US$/S$ per 1.627 1.984 EURO (US$/S$/€) 1.324 1.614 Foreign currency per US$ S$ YEN 84.40 69.20 RM 3.054 2.504 HK$ 7.750 6.356 BAHT 30.60 25.10 RUPIAH65 words
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Article47 2012-12-20 1 Wednesday Change KL COMP 1,665.64 +6.20 NIKKEI 225 10,160.40 +237.39 HANG SENG 22,623.37 +128.64 SET INDEX 1,378.40 +15.46 JAKARTA COMP 4,275.86 -25.58 MANILA COMP 5,752.39 +115.80 SEOUL COMP Closed SHENZHEN B 645.42 +3.66 MUMBAI IND 19,476.00 +111.25 11am EST Change DOW 13,334.68 -16.28 NASDAQ 3,053.89 -0.6447 words
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Article18 2012-12-20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.144 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg18 words
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Page 1 Advertisements
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Advertisement31 2012-12-20 1 SHIPPING Maersk Tankers grabs the bull by the horns PAGE 4 Tighter building rules on sites for industrial use Final two commercial sites for 2012 GLS Programme PROPERTY I PAGE 2931 words
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Advertisement10 2012-12-20 1 OUTLOOK More turn bullish on global economy PAGE 10 **********0410 words
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Advertisement14 2012-12-20 1 COMMENTARY The way forward to Wave 3 growth PAGE 21 ORCHA RD SCOTT S14 words
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Advertisement13 2012-12-20 1 S’PORE NEWS Refineries may cut output as margins fall in Q4 PAGE 1113 words
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TOP STORIES
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Article338 2012-12-20 2 Growth pangs for open economies SOUTH-EAST Asia has become an island of hope in a sea of global economic troubles, according to a World Bank report. The outlook is less happy for open economies like Singapore and Hong Kong, which will be hit by external setbacks. FRONT PAGE338 words
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Article, Illustration739 2012-12-20 2 LEE U-WEN - Forecast for the year remains at 1.5%; firms coping well with policy change By LEE U-WEN in New Delhi THE performance of the Singapore economy in the fourth quarter of 2012 is likely to mirror that of the previous three months,PHOTO: DESMOND WEE/THE STRAITS TIMES - 739 words
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Article, Illustration695 2012-12-20 2 NEETA LAL - By NEETA LAL in New Delhi A MAJOR move to facilitate wider investment in India’s banking sector, and allow for new bank licences, will soon become law. The bill to amend the country’s banking laws was approved here yesterday by the lower695 words
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614 2012-12-20 2 Reuters [ZURICH] Swiss bank UBS was yesterday hit with a US$1.5 billion fine, admitting to fraud, paying bribes to brokers and “pervasive” manipulation of global benchmark interest rates by dozens of staff. The penalty agreed with US, UK and Swiss regulators is more thanReuters - 614 words
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684 2012-12-20 4 MALMINDERJIT SINGH - Other S-E Asia economies are upbeat; some have highest poll scores By MALMINDERJIT SINGH [SINGAPORE] Business sentiment in Singapore has fallen even as that in other economies of South-east Asia stayed upbeat and among the highest in Asia. In the fourth quarter of684 words
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583 2012-12-20 4 CHUANG PECK MING - But there are ways for companies to overcome challenge By CHUANG PECK MING [SINGAPORE] Worse is yet to come for employers already feeling the pain of tighter foreign-worker rules, as the work pass for foreign workers will be shortened from five to three583 words
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363 2012-12-20 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Certificate of entitlement (COE) premiums for small cars continued to climb, hitting a new high of $81,889 in the latest round of bidding, up from $78,523 in the previous bidding exercise two weeks ago. This leaves a gap363 words
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Article, Illustration587 2012-12-20 4 LYNN KAN - By LYNN KAN [SINGAPORE] Maersk Tankers has had a dizzying two months, reporting losses of US$277 million in the third quarter on a write-down of vessel values, then finalising the sale of an entire Handygas fleet managed by its subsidiary, Brostrom. As587 words
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Article, Illustration772 2012-12-20 4 ROB CURRAN - By ROB CURRAN US STOCKS have opened the week with a rally as Republicans and Democrats tone down their budget brinkmanship, days away from the fiscal abyss. But compromise may have come too late for the economy, some analysts warn. House Speaker772 words
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Advertisement96 2012-12-20 2 McJkTI cfTRj Ministry of Overseas Indian Affairs www.moia.gov.in Government of India Government of Kerala Or. <1 Eleventh Pravasi Bharatiya Divas 7-9 January, 2013, Kochi, Kerala, India Engaging Diaspora: The Indian Growth Story For more information, contact: Ministry of Overseas Indian Affairs Akbar Bhawan, Chanakyapuri, New Delhi-110 021 Email: usds2@moia.nic.in Tel:96 words
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Advertisement134 2012-12-20 4 Legend of the Seas 2012/2013 2N MALACCA CRUISE Dep Date Feb 06 Mar 23 Port-of-call: Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Dec 26 Port-of-call Singapore, Penang, Malacca Dep Date Feb 22 Mar 01,08 29 Port-of-call Singapore, Penang, Port Klang <IRIi Ijt 4N ISLES OF SOUTHEAST ASIA Dep134 words
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Advertisement43 2012-12-20 5 You never actually own a Patek Philippe. You merely look after it for the next generation ■y J *-y <-* THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. TANG PLAZA KNIGHTSBRIDGE ONE RAFFLES PLACE www.thehourglass.com T: 65-6734 2420 T: 65-6235 7198 T: 65-6884 8484 T: 65-6534 585543 words
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COMPANY NEWS
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Article, Illustration392 2012-12-20 6 MINDY TAN - Bid at $1.80 a share comes amid market expectations of a higher offer By MINDY TAN SC Global Developments chairman and chief executive Simon Cheong’s unconditional offer to take the company private at $1.80 a share will be open for acceptance until JanBT FILE PHOTO - 392 words
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Article, Illustration317 2012-12-20 6 ONG CHOR HAO - By ONG CHOR HAO SHARES in Macquarie International Infrastructure Fund continued to rise yesterday, reflecting support for the company’s asset divestment plan. The counter closed up 1.6 per cent at 63.5 cents yesterday, after gaining nearly 6 per cent on Tuesday, when theSource: Bloomberg - 317 words
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300 2012-12-20 6 CARINE LEE - By CARINE LEE BBR Holdings has through its subsidiaries secured two contracts worth $182.9 million to build 1,282 units of Housing and Development Board (HDB) flats. The first contract, secured by Singapore Piling Civil Engineering Pte Ltd, is for 808 flats at Kallang300 words
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408 2012-12-20 6 ANGELA TENG - The jewellery and property firm plans to raise $23.3m By ANGELA TENG ASPIAL Corporation Ltd has proposed to undertake a renounceable non-under-written rights issue to raise net proceeds of around $23.3 million. This will be the fourth fund-raising exercise the jewellery and property company408 words
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533 2012-12-20 9 ANDREA SOH - But stock is still 11.5% down after criticism by Muddy Waters By ANDREA SOH OLAM International’s share price recovered more ground yesterday following news that Temasek Holdings had raised its stake in the commodities group through a market transaction. The stock, which533 words
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Article, Illustration570 2012-12-20 9 Bloomberg [WASHINGTON] Investors almost doubled purchases of commodities this year, at a time when Goldman Sachs Group Inc and Morgan Stanley are forecasting higher prices and Citigroup Inc says that the best returns are over. Money invested in commodity funds increased by US$21.6 billionBloomberg; PHOTO: REUTERS - 570 words
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Article, Illustration423 2012-12-20 10 LEE MEIXIAN - Emerging markets such as China are investors’ preferred region: survey By LEE MEIXIAN AS FEARS over the US fiscal cliff ease, more investors have turned upbeat on the global economy in the year ahead. A Bank of America Merrill Lynch fund manager survey forSource: BofA Merrill Lynch Fund Manager Survey - 423 words
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Article, Illustration896 2012-12-20 10 Reuters [HONG KONG/SINGAPORE] Asia’s wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs forReuters; PHOTO: REUTERS - 896 words
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COMPANY BRIEFS
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56 2012-12-20 10 FUTURES exchange operator CME Group is launching new foreign exchange futures contracts based on the Indian rupee, for a trade date of Jan 28, 2013. The standard sized contract will have a notional amount of five million rupees, while the e-micro contract will have a56 words
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50 2012-12-20 10 CAMBRIDGE Industrial Trust (CIT) will be acquiring an indirect interest in a warehouse at 3 Tuas South Avenue 4 through a 60:40 partnership with Oxley Global Ltd. The purchase consideration for the property is $15 million, and CIT’s share will be $9 million.50 words
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27 2012-12-20 10 ASCENDAS Hospitality Trust has completed the acquisition of Ibis Beijing Sanyuan, a business hotel in China, for 229.5 million yuan (S$44.9 million).27 words
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Advertisement123 2012-12-20 6 V f fOj\ riFs'v. Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 Get Job alerts Via email with fresh updates of choice job matches. Get headhunted Post your CV let top employers find you (You will have full control over the confidentiality of your resume)123 words
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Advertisement93 2012-12-20 7 s s MOR R N S S EOP R S v s s ss > r\ u ~r *L s TH s r^r m T* ■a *>- N> V IT s V s s sms fWh s •2 V ur r*i» >.w i ,i or .a 11 rim *J -*v*.93 words
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SINGAPORE MARKETS
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Article, Illustration595 2012-12-20 8 VEN SREENIVASAN - Olam provides support with 6.5-cent gain amid short-covering and news of Temasek’s open-market purchase STOCKS VEN SREENIVASAN Senior Correspondent WITH the weekend leading into the year-end holiday season just days away, activity was understandably muted on the markets. The Straits Times Index (STI) openedSource: Bloomberg - 595 words
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Article73 2012-12-20 8 Dec 19 VALUE CLOSE BT OB/OS 415.00 -101.00 BT CADI -*****.00 -33.00 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 764.23 -0.19 FTSE ST Small Cap 513.38 +2.84 FTSE ST All Share 772.37 +0.52 FTSE ST China Top 209.26 -0.22 FTSE ST China 233.79 +0.59 FTSE73 words
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Article186 2012-12-20 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 6 0 0 0 4 6 6 Manufacturing 40 55 48 10 8 8 50 63 56 Commerce 19 28 18 2 6 4 21 34 22 Tpt/Stor/Comms 12 18 12186 words
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Article1025 2012-12-20 8 CAI HAOXIANG - Compiled by CAI HAOXIANG Wilmar International Dec 19 close: S$3.18 Phillip Securities Research, Dec 19 WILMAR said on Tuesday that it has conditionally agreed to sell all of its 15 per cent stake in Fortune Gas Investment Holdings (FGIH) to China Gas. China Gas, one of the largest1,025 words
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Article123 2012-12-20 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,856 21,856 83,622 83,622 Manufacturing 284,676 92,917 377,593 176,728 1,218 177,945 Commerce 1,388,003 50,333 1,438,336 251,881 2,358 254,239 Tpt/Stor/Comms 105,207 19,706 124,913 170,252 6,009 176,261 Finance 27,448 695 28,143 123,224 285 123,508 Construction 102,579 400,822123 words
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Article112 2012-12-20 8 Stock name Close Change CapMallsAsia 1.960 -0.010 CapitaLand 3.630 -0.040 CapitaMall 2.090 +0.010 CityDev 13.000 -0.200 ComfortDelGro 1.765 +0.050 DBS Grp 14.910 +0.010 F&N 9.660 +0.010 GLP 2.800 +0.080 Genting SP 1.370 +0.010 Golden Agri 0.640 -0.010 HK Land 7.030 +0.020 IHH Healthcare 1.335 -0.010 JMH112 words
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Article, Illustration497 2012-12-20 8 CURRENCIES Reuters [LONDON] The euro hit a 16-month high against the yen and 71/2 month peak against the US dollar yesterday, helped by better-than-expected German business confidence data. The yen also weakened broadly on expectations that the Bank of Japan will unveil more monetaryReuters; PHOTO: BLOOMBERG - 497 words
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Article56 2012-12-20 8 VOLUME Digiland 1,153,063,000 YHM 367,025,000 Geo Energy 165,293,000 Golden Agri 126,746,000 Olam 83,741,000 Noble Grp 53,760,000 Yoma 51,129,000 Rowsley 49,476,000 MDR W*****5 47,798,000 WE Hldgs 43,600,000 VALUE($) Olam 127,255,690 Geo Energy 85,333,300 Golden Agri 81,240,575 SingTel 78,165,480 Noble Grp 63,196,180 CapitaLand 53,631,970 Keppel Corp 44,056,156 UOB 37,798,11056 words
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Article116 2012-12-20 8 BY CENTS CLOSE UP IS S&P500 ***** 204.8 1.2 DBXT Nifty 10US$ ***** 179.2 1.3 Lyxor MS India 10US$ 1436 56.1 3.3 DBXT FTVietnam 10US$ 2085 50.0 2.0 Lyxor LatinAmerica 1 745 36.6 4.2 UE 343 16.0 4.9 Lyxor EasternEurope1 513 15.9 2.6 Lyxor Russia 10US$ 410 12.2 2.5116 words
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Article118 2012-12-20 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -295.0 -1.5 JMH 5981 -145.1 -2.0 DBXT S&P Short 10US$ 3457 -30.5 -0.7 UOB 5.05%NCPS 100 ***** -25.0 -0.2 CityDev 1300 -20.0 -1.5 OCBC Bk 4.5%NCPS 100 ***** -20.0 -0.2 IS MSCI Spore 1355 -19.5 -1.2 DairyFarm 1110 -18.3 -1.3 JSH 3553118 words
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Advertisement145 2012-12-20 9 riaiHfe me* *sk At item Conditions apply 6281 5688 or 6757 4403 www.gnc.com.sg .<■ <v. 7h BNP Paribas is I PR's BANK OF THE YEAR 2012 Thankyou to all our clients around the world for choosing us as their bank toallourStSL around the world Jor their commitment BNP Paribas, a145 words
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Advertisement2781 2012-12-20 10 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HISAKA HISAKA HOLDINGS LTD. Registration No. *****8585R (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 63 Sungei Kadut Loop, Hisaka Industrial Building, Singapore *****4 on Friday,2,781 words
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SINGAPORE NEWS
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595 2012-12-20 11 RONNIE LIM - Double whammy for oil majors: China slowdown, new Gulf competition soon By RONNIE LIM SINGAPORE refineries, hurting from a drop in fourth-quarter margins, may be forced to trim their production soon if the situation does not improve, an industry official has595 words
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236 2012-12-20 11 KIM MIN SEOK - By KIM MIN SEOK A MERGER between Tenet Insurance Company and Sompo Japan Insurance Singapore (SJIS) has been approved by the High Court, and is set to take effect from Jan 1, 2013. The merged entity will be known as Tenet Sompo Insurance. The move236 words
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Article, Illustration407 2012-12-20 11 Reuters Singapore’s inflation held steady last month as a jump in car prices was offset by a slower rise in housing and food prices, a Reuters poll showed. According to the median forecast of nine economists, Singapore’s consumer price index (CPI) likely roseReuters; PHOTO: YEN MENG JIIN/THE BUSINESS TIMES - 407 words
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Article, Illustration237 2012-12-20 12 CHNG SZE NING - Steven Koh Yong Chiah redeployed to MOE HQ By CHNG SZE NING STEVEN Koh Yong Chiah, the principal of River Valley High School, is assisting in an investigation by the Corrupt Practices Investigations Bureau (CPIB), the Ministry of Education (MOE) said yesterday. MOE was informedTHE STRAITS TIMES FILE PHOTO - 237 words
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563 2012-12-20 12 CHNG SZE NING - BRIC rank very low on EC Harris’ Global Infrastructure Investment Index By CHNG SZE NING SINGAPORE is the world’s most attractive market for infrastructure investors, according to a report by EC Harris, a global built asset consultancy. Countries in the Middle East also ranked563 words
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316 2012-12-20 12 TEO HOONG CHEN - Singaporeans least charitable in region in 2011: survey By TEO HOONG CHEN WORLDWIDE charitable activity appears to be mirroring gloomy global economic sentiment. Last year, the proportion of people donating money, helping a stranger or volunteering fell for the second time since the 2008 financial316 words
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Advertisement1289 2012-12-20 12 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices WBL CORPORATION LIMITED (Incorporated in Singapore) W E A, R N E Registration No. *****0028Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 98th Annual General Meeting of the stockholders of WBL Corporation Limited will be held at 451,289 words
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Advertisement239 2012-12-20 13 SPHis more just a newspaper than company We go beyond the power of print to meet evolving needs. Through digital platforms, radio, outdoor media, exhibitions, shopping malls and community activities, we engage minds and enrich lives. DIGITALThe AsiaOne network, STJobs, STProperty, STClassifieds, STCars, STOMP, ST Razor TV, omy.sg, shareinvestor.com, HardwareZone.com,239 words
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MALAYSIA/INDONESIA
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Article, Illustration272 2012-12-20 14 Reuters [MILAN] Malaysian billionaire Lim Kok Thay, whose luxury empire spans casinos and cruise liners, is to buy half of yacht maker Wider to expand into a fast-growing market in Asia, the founder of the Italian company said on Tuesday. Wider is theReuters - 272 words
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627 2012-12-20 14 It’s not in talks with Rothschild or his advisers about the stake sale offer Bloomberg [JAKARTA] PT Borneo Lumbung Energi Metal rejected a proposal from Nathaniel Rothschild to sell its stake in Bumi plc, the company at the centre of a dispute between MrBloomberg - 627 words
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246 2012-12-20 14 Central bank likely to keep interest rates steady Bloomberg [SINGAPORE] Malaysia’s inflation rate held at the lowest in more than two years in November, giving the central bank scope to keep interest rates steady and support growth. ConsumerBloomberg - 246 words
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Advertisement4259 2012-12-20 14 VOLUNTARY CONDITIONAL CASH OFFER by UNITED OVERSEAS BANK LIMITED (Company Registration Number: *****0026Z) (Incorporated in the Republic of Singapore) for and on behalf of KGA CAPITAL PTE. LTD. (Company Registration Number: *****7587M) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the capital4,259 words
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GREATER CHINA/INDIA
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756 2012-12-20 15 Foreign minister insists ‘there should be compliance with and respect for the law of the sea’ Reuters [NEW DELHI] The dozens of vehicles that roared into northeast India this week on a rally from Indonesia symbolise deeper ties betweenReuters - 756 words
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Article, Illustration489 2012-12-20 15 Taxes also imposed on Vietnam wind turbine towers Reuters [WASHINGTON] The United States pressed forward on Tuesday with plans to slap steep punitive duties on wind turbine towers imported from China at prices deemed unfairly low, even as officials welcomed a high-level ChineseReuters; PHOTO: BLOOMBERG - 489 words
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Article, Illustration562 2012-12-20 15 Top electronic retailer aiming to raise 4.5b yuan from public sale Bloomberg [BEIJING] Suning Appliance Co, China’s biggest electronic retailer by market value, is raising 4.5 billion yuan (S$872 million) in its first public bond sale as it seeks to challenge e-com-merce giantsBloomberg; PHOTO: BLOOMBERG - 562 words
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474 2012-12-20 15 Bloomberg [NEW DELHI] India plans to spend money raised from the sale of stakes in government-run companies to help recapitalise state-owned banks and cut borrowings, said three finance ministry officials with direct knowledge of the matter. The Department of Disinvestment hasBloomberg - 474 words
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Advertisement686 2012-12-20 15 S*' KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF BUGIS 21 PTE LTD Company Regn No *****5183Z (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up686 words
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Advertisement486 2012-12-20 15 Company No: *****6067K THE COMPANIES ACT (CHAPTER 50) IN THE MATTER OF BOTANY BAY SHIPPING COMPANY PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of Botany Bay Shipping Company Pte Ltd (“Company”) duly convened and held on 10 December 2012, it was resolved that486 words
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ECONOMY WATCH
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535 2012-12-20 16 Indians, Brazilians and Indonesians are the most optimistic that economy will improve, according to poll Reuters [NEW YORK] With less than two weeks left in 2012, half of people around the world think the global economy will improve in 2013 and many planReuters - 535 words
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Article, Illustration455 2012-12-20 16 Reuters [LONDON] Britain’s economy is likely to remain broadly flat in the near term, but inflation would probably exceed 2 per cent in the next year or so, minutes to the BOE’s Dec 5-6 meeting showed yesterday. The Monetary Policy Committee’s (MPC)Reuters; PHOTO: AP - 455 words
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799 2012-12-20 16 Future pensioners would be less well off than under current law Reuters [WASHINGTON] Economists sometimes refer to inflation as a hidden tax. As prices rise, people become poorer unless their income can keep up. Now Washington is considering changes to the way itReuters - 799 words
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537 2012-12-20 16 It borrows 250m euros to settle December wage bill AFP [NICOSIA] Cyprus has taken the extraordinary step of dipping into public authority pension funds to pay salaries for December but it still teeters precariously on the brink while waiting for EU bailoutAFP - 537 words
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Advertisement49 2012-12-20 16 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY CLASSIC KAMAL Actor makes no bones about his movie-making. He has 32 fractures to prove it V' v 8 1...U& tabla! checks out five kinds of weekend visitors to Little India GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST49 words
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WORLD
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Article1256 2012-12-20 17 FDI Philippines’ missing link Economy is growing, but red tape and old laws are stifling investment and jobs Reuters [MANILA] The gathering had the air of a post-mor-tem. About 100 executives and government officials listened quietly as Guillermo Luz poked holes in the Philippines’ fairytale economic revival. Mr Luz, headReuters - 1,256 words
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Article, Illustration385 2012-12-20 17 Reuters [LOS ANGELES] While this year’s pop charts have been dominated by young singers, it is veteran music stars, led by Madonna, who are commanding big money in tour ticket sales, according to a new Billboard list released on Tuesday. Madonna, 54, topped Billboard’sReuters; PHOTO: REUTERS - 385 words
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877 2012-12-20 18 Shareholders are rewarded as jobs and pay are cut, and businesses dropped Bloomberg [NEW YORK] For employees at the biggest Wall Street banks, 2012 brought a humbling post-crisis reality of job cuts, lower pay and tarnished reputations. For investors, it was a happierBloomberg - 877 words
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Article, Illustration700 2012-12-20 18 Reuters [CHARLOTTE, North Carolina] Bank of America Corp needs to show the US Federal Reserve it can produce consistent earnings as part of the annual process to gain permission to return more capital to shareholders, CEO Brian Moynihan said in an interview. TheReuters; PHOTO: BLOOMBERG - 700 words
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444 2012-12-20 18 AFP [WASHINGTON] Samsung has overtaken Nokia as the top mobile phone brand for 2012 and has opened up a decisive lead over Apple in the smartphone market, a research firm said on Tuesday. This will mark the first time in 14AFP - 444 words
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Article, Illustration661 2012-12-20 18 AFP [MADRID] Decked in luminous tinsel, the market stalls on Madrid’s old Plaza Mayor sparkle with festive glee but in Spain’s fifth Christmas of crisis, even Santa is tightening his belt. Citizens are being tested this Christmas by rises in sales tax andAFP; PHOTO: REUTERS - 661 words
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Article, Illustration641 2012-12-20 19 AP [SEOUL] Conservative Park Geun-hye has become South Korea’s first female president.The liberal Moon Jae-in (Moon Jay-in) conceded late yesterday to the daughter of late dictator Park Chung-hee after a close race. Ms Park had an insurmountable lead of 51.6 per centAP; PHOTO: AP - 641 words
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496 2012-12-20 19 Underlying strength in the housing market will boost economic growth LATEST US DATA Reuters Bloomberg [WASHINGTON] US permits for future home construction set their fastest pace in nearly 4-1/2 years in November, pointing to underlying strength in the housing market,Reuters; Bloomberg - 496 words
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505 2012-12-20 19 ANTHONY ROWLEY - Yen slides to near eight-month low; stocks surge 2.4% By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BOJ) is almost certain to announce further monetary easing measures today in response to strong political pressure from incoming prime minister Shinzo Abe505 words
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386 2012-12-20 19 Bloomberg [ROME] The resignation of Italian Prime Minister Mario Monti, expected by the end of this week, may be delayed after lawmakers from former premier Silvio Berlusconi’s People of Freedom party (PDL) asked for more time to examine the country’sBloomberg - 386 words
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106 2012-12-20 19 AFP [FRANKFURT] The European Central Bank yesterday said that it will begin accepting Greek bonds as collateral for central bank loans again, at a discount, a move that will give a boost to eurozone banks still holding the risky instruments. TheAFP - 106 words
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110 2012-12-20 19 Bloomberg [GENEVA] A quarter of Swiss private banks are no longer operating profitably, with smaller wealth managers facing a “critical” situation, a KPMG report showed. Income declined about 25 per cent at small and medium-sized banks as fees dropped amidBloomberg - 110 words
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125 2012-12-20 19 Bloomberg [BERLIN] Former Porsche chief executive officer Wendelin Wiedeking and ex-chief financial officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen. The indictment was filed after more than three yearsBloomberg - 125 words
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102 2012-12-20 19 AFP [BRUSSELS] The European Union plans to ban menthol cigarettes and force tobacco firms to print large health warnings covering 75 per cent of packets in proposals released yesterday, the first for more than a decade. The proposed new rulesAFP - 102 words
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98 2012-12-20 19 AP [NEW YORK] US President Barack Obama has been named Time magazine’s “Person of the Year” for 2012. “We are in the midst of historic cultural and demographic changes, and Obama is both the symbol and in some ways the architectAP - 98 words
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Page 17 Advertisements
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Advertisement123 2012-12-20 17 IN Agents 9 e^° MMIW S® 8 worth of advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 January 2013 to be one of our 8 lucky winners!* H Kf vz H ‘Terms conditions apply.123 words
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Page 18 Advertisements
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Advertisement28 2012-12-20 18 Oihk a msi i* ut*rr* nn r CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm @kiss92fm28 words
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Advertisement51 2012-12-20 18 DEC ISSUE OUT NOW! Free gifts from McCoy with this promo card Exclusively for HWM Print readers. While stocks last. INTHISISSUE for first 100 readers LS!? iaPeel iPad 2 Inkjet Printable Skins 3 worth $39.90 HWM digital edition is available on iPad Android Visit www.hardwaremag.com for more info 50% off1-yeardigital51 words
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Page 19 Advertisements
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Advertisement16 2012-12-20 19 The SME Magazine coming to you with your copy of The Business Times on January 216 words
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EDITORIAL & OPINION
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507 2012-12-20 20 EDITORIAL EVEN as the pace of economic activity has slowed to a trot this year, some segments of the Singapore economy continue to have a life of their own, notching up big price hikes that speak of sustained demand. Vehicle certificate of entitlement (COE)507 words
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Article, Illustration871 2012-12-20 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THERE’S an old jazz-era song, It ain’t what you do (It’s the way that you do it), and the Bank of Japan (BOJ) must be sensing a profound truth in this homespun wisdom871 words
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Article, Illustration1072 2012-12-20 20 BRIGITTE GRANVILLE - Anti-business approach is entrenched and lawmakers think they know better than market By BRIGITTE GRANVILLE Brigitte Granville, professor of international economics and economic policy at Queen Mary, University of London, is the author of the forthcoming book Remembering Inflation Project Syndicate MOODY’S announcementProject Syndicate; PHOTO: AP - 1,072 words
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Article, Illustration1816 2012-12-20 21 IAN BUCHANAN - The post-World War II ‘miracle’ Wave 1 growth, shared by many regional economies, was a result of the Cold War By IAN BUCHANAN The writer is a senior executive adviser at Booz Company, a leading global consulting firm. This article was first publishedPHOTO: REUTERS - 1,816 words
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Article, Illustration337 2012-12-20 21 BHANOJI RAO - By BHANOJI RAO THE World Bank Database provides export intensity data (exports to gross domestic product, or GDP, percentages) from 1960 till 2010 for 216 countries/economies. Focusing on 2000-2010 the first decade of this century and selecting countries with data for at least nine ofPHOTO: BLOOMBERG - 337 words
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AVIATION/SHIPPING
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Article, Illustration359 2012-12-20 22 KIM MIN SEOK - The $4.5m initiative signals its support for air-cargo sector in challenging times By KIM MIN SEOK [SINGAPORE] Changi Airport Group (CAG) will boost its support for the air-cargo sector in the face of more challenges to the air-freight business. For the firstPHOTO: BLOOMBERG - 359 words
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392 2012-12-20 22 Reuters [FRANKFURT] Germany’s largest container shipping companies, loss makers Hapag-Lloyd and Ham-burg-Sued, are exploring a merger to create a global player better able to survive the sector’s four-year slump. A combined operator would rank as the world’s fourth-largest after Maersk, Mediterranean Shipping CompanyReuters - 392 words
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383 2012-12-20 22 AP [DUBLIN] The Irish government announced on Tuesday that it won’t sell its 25 per cent stake in Aer Lingus to Ryanair because a merged airline would be likely to undermine competition and jobs at the former state carrier. TheAP - 383 words
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Article603 2012-12-20 22 Traffic on mainline Asia-Europe routes to lag global growth Bloomberg [LONDON] European con-tainer-shipping operators such as AP Moeller-Maersk A/S may benefit little from higher volumes next year as carrier lines battle to remain profitable amid overcapacity and weak demand. Global lines will ship the equivalent ofBloomberg - 603 words
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Article, Illustration329 2012-12-20 22 It’ll start in July with services to Venice, Edinburgh, Athens AP [TORONTO] Air Canada is entering the low-cost leisure travel market with the launch of its new Rouge airline in the hopes of reclaiming the market share it has lost to domestic and international competitors,AP; PHOTO: REUTERS - 329 words
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Article248 2012-12-20 22 SGX '000 Dec 19 S$ +/-Vol CH Offshore 0.44 -0.02 715 Chuan Hup Hldg 0.26 unch 216 Cosco Corp 0.89 unch 5662 s$ Ezra Hldgs 1.13 -0.02 2151 First Ship Lea 0.12 unch 260 Freight Links 0.07 unch 2525 Grand Banks 0.31 unch 4 Jaya Hold Ltd 0.58248 words
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1891 2012-12-20 23 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination1,891 words
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Page 22 Advertisements
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Advertisement20 2012-12-20 22 118 mainland companies listed on world's top 500 brands 500 brands ffiH$500?5 To subscribe, call 6388-3838 or go to sphsubscription.com.sg20 words
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Page 22 Miscellaneous
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Miscellaneous306 2012-12-20 22 CRYPTIC CROSSWORD Across 2 Hanger-on, one getting behind shelter (4-8) 8 Dash! Old train service goes by ten (4) 9 Rush to get computers, etc, and scarper? (3,3,2) 10 Strung-out Louis must drop round for shot in the arm (8) 11 Student starting late as breadwinner (6) 12 Top rep’s306 words
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Page 23 Advertisements
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Advertisement34 2012-12-20 23 PLACE YOUR AD HERE The business times Shippii G TIMES CALL JOE WON G AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II34 words
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Advertisement30 2012-12-20 23 Experienced sh/p maintenance m you y r services services wanted, herein the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES III. UUJINLJJ IIIVILJ Shipping Times30 words
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SINGAPORE STOCKS
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Article2967 2012-12-20 24 Transaction date: Dec 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149.5 92.5 AIMSAMPIReit 146 unch 512 146.5 1452,967 words
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Article184 2012-12-20 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 12.6184 words
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Article8568 2012-12-20 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM local Ccy Bond 0 9819/ European Opportunities'** 18,568 words
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Article249 2012-12-20 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 $mil Low 41.5 26 Genting HK US$ US34 +1 3688 34 33.5 33 34 2238.7 Last 237 180 TanChongInt HK234 +2 555 234 233 233 234 4.3 3249 words
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Article925 2012-12-20 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 $mil 126 114.4 ABF SG Bond ETF 118.1 -1.9 38 120 118.1 118.6 120 539.1 128.9 120.4 CIMB APAC Div 100S$D 125 128.3 129.3 105.5 95.8 CIMB925 words
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FINANCE & COMMODITIES
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Article629 2012-12-20 26 Dec 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.40 *****.40 *****.98 Mar13 9935.00 *****.00 9925.00 *****.00 *****1 *****7 Jun13 *****.00 1058 2596 MSCI TAIWAN INDEX FUTURES SPOT 276.31 276.84 275.11 Dec12 275.40 277.20 274.50 275.80 ***** *****5 Jan13 274.60 276.90 274.30 275.40629 words
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373 2012-12-20 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 18 Index Change Change Change Change Change Change World Preliminary 939.7 0.7 13.2 0.6 6.8 0.8 13.8 EAFE Preliminary 768.1 0.5 12.6 0.5 6.5 0.8 13.4 Europe Preliminary 1152.8 0.5 12.3373 words
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Article, Illustration94 2012-12-20 26 As on 18 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1704.10 1672.30 1673.30 INDIA GOLD (E-GOLD) FUT FEB2013 570.35 560.35 561.00 CURRENCY EUR-USD FUT MAR2013 1.3204 1.3168 1.3244 BASE METAL COPPER FUT MAR2013 8102 8059 8056 INDEX IRON ORE (MBIO) IDX94 words
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Article107 2012-12-20 26 Dec 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1466.00 1496.25 1501.75 1462.50 Mar 13 1460.50 1488.25 1493.75 1457.00 May 13 1444.50 1467.25 1471.50 1441.50 Jul 13 1432.50 1451.75 1455.75 1428.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.17107 words
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Article70 2012-12-20 26 CRUDE OIL PRODUCTS Dec 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.91 0.68 WTI (Near Mth) 87.97 0.64 Dubai (1-Mth F) 104.35 0.30 Tapis blend 114.64 0.19 Minas 107.92 0.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.61 0.11 Jet Kerosene 123.96 0.03 US$/barrel OpecOil Basket70 words
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Article22 2012-12-20 26 Dec 19 S$ Bid Offer 1-month 1.2191 1.2196 2-months 1.2190 1.2196 3-months 1.2190 1.2196 6-months 1.2189 1.2196 Source: OCBC22 words
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Article64 2012-12-20 26 Dec 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2079.75 2149.75 3 months 2100.00 2105.50 Copper, Grade A(US$/tonne) Cash 7995.25 8038.75 3 months 8024.00 8063.00 Lead(US$/tonne) Cash 2305.25 2287.25 3 months 2320.00 2300.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article80 2012-12-20 26 Dec 18 COCOA (£/tonne) Close Prev High/Low Mar 13 1511 1532 1529/1510 May 13 1519 1539 1536/1518 Jul 13 1525 1545 1542/1525 Sep 13 1530 1549 1546/1529 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1847 1863 1880/1845 Mar 13 1842 1841 1870/1841 May 13 1852 1850 1878/1851 Jul 13 186580 words
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884 2012-12-20 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 1 146 650 5.00 17 Conv BakerTech W*****5 8.1 unch 17 1 27 11 3.89 30 Best World Intl Ltd W*****5 0.5 1 30 69 36.00 7884 words
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Article470 2012-12-20 26 Dec 19 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 6.557 0.795 8.158 57.554 101.765 0.888 11.295 3.214 1.253 102.854 43.201 1.283 8.911 0.960 30.577 32.211 0.647 1.053 Canada 0.964 6.320470 words
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Article60 2012-12-20 26 Dec 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates60 words
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Article137 2012-12-20 26 Dec 19 GOLD(US$/oz) Dec 19 Dec 18 Hong Kong 1686.40 1712.10 Dec 18 Dec 18 Dec 17 London 1691.96 1696.14 1692.73 1697.36 Source: Thomson Reuters CAST BAR Dec 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 148 66 5gm 419 329 10gm137 words
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Article88 2012-12-20 26 Dec 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 21-Mar-13 0.24 0.19 0.19 6-Month BS*****X 13-Jun-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.91 5-Year N*****0Z 2.37588 words
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Article57 2012-12-20 26 Dec 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2179.0 2197.0 2200.0 2176.0 400 8331 Feb 13 2266.0 2277.0 2274.0 2250.0 3592 ***** Mar 13 2327.0 2342.0 2338.0 2313.0 ***** ***** Apr 13 2380.0 2400.057 words
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Article154 2012-12-20 26 Dec 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2831 1.2838 1.0526 1.0527 Canadian dollar 1.2367 1.2373 1.0146 1.0145 Euro 1.6137 1.6146 1.3238 1.3240 NZ dollar 1.0243 1.0249 0.8403 0.8404 Sterling pound 1.9829 1.9844 1.6267 1.6272154 words
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Article121 2012-12-20 26 As at 9am Dec 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.310 1.248 Can dollar 1.264 1.204 Euro 1.649 1.571 Sterling pound 2.016 1.939 NZ dollar 1.056 0.997 US dollar 1.242 1.183 Local dollars to 100 units of foreign121 words
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Article154 2012-12-20 26 Dec 19 $S Offer Bid 0vernight 0.03 0.00 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12154 words
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PROPERTY
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Article, Illustration1315 2012-12-20 27 Many of the sales are taking place along side streets where property values have shot up in recent months NYT [NEW YORK] The ornate cast iron SoHo building known as the King of Greene Street traded hands last week for US$41.5 million. TheNYT; PHOTO: BLOOMBERG - 1,315 words
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Article898 2012-12-20 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN NOV 21 AND NOV 27, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 27/11/2012 99 1098 2205 2008 V On Shenton Apt898 words
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Article, Illustration1325 2012-12-20 28 Some pay average of 36 cents on US$1 in auction of 9,500 nonperforming loans Bloomberg [LOS ANGELES] Hedge funds and private-equity firms are betting on delinquent home loans being sold by the US Federal Housing Administration (FHA) as the government agency accelerates debtBloomberg; PHOTO: BLOOMBERG - 1,325 words
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712 2012-12-20 28 Bloomberg [BERLIN] German residential landlords, the best-per-forming stocks on the country’s mid-cap index this year, will cool off in 2013 as acquisitions become more expensive and rent increases are curbed. The biggest apartment owners, Deutsche Wohnen, GSW Immobilien, Gagfah SABloomberg - 712 words
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988 2012-12-20 29 MINDY TAN - Govt has set aside 24.84 ha of land for the development of factory space By MINDY TAN [SINGAPORE] Tighter development measures are being introduced for certain industrial sites, even as the government rolls out more land in an attempt to moderate industrial988 words
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Article, Illustration1096 2012-12-20 29 ZEINAB YUSUF SAIWALLA - Jurong East site launched for sale by public tender By ZEINAB YUSUF SAIWALLA [SINGAPORE] The government has released the final two commercial sites for the second half 2012 Government Land Sales (GLS) programme. One is a confirmed list site near Jurong East1,096 words
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213 2012-12-20 29 Bloomberg [NEW YORK] Markel Corp, the provider of property-casualty coverage, agreed to buy Alterra Capital Holdings Ltd for about US$3.13 billion in cash and stock to expand in reinsurance. Investors in Bermuda-based Alterra will get 0.043 Markel share and US$10 in cash for eachBloomberg - 213 words
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Advertisement12 2012-12-20 27 arch.savills.asia China Hong Kong ‘Singapore ‘Taiwan ‘Thailand ‘Vietnam Agency No. L*****88B savills12 words
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Advertisement54 2012-12-20 28 As you read this, at least 5 prospective buyers are viewing our users’ car listings by the minute*. *Source: NetRatings (Nov 12); and still growing! Post your ad listings for FREE to sell your car STCars.sg Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find. Singapore’s54 words
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Page 29 Advertisements
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Advertisement25 2012-12-20 29 testis LIFT, POOL Check this out and many other properties in CATS Classified in The Straits Times now! T>i BUY IT* SELL IT* FIND IT25 words
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Advertisement102 2012-12-20 29 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units102 words
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Advertisement270 2012-12-20 29 Collective Sale EUNOI MRT KEMBANGAN MRT R PARK ftv Prime Residential Site Lorong K Telok Kurau *D15/Estate in Fee Simple/GPR1.4 *Area 2151.6 sqm/Non-landed Residential *Within 1km of CHIJ (Katong) Pri/2km Tao Nan *Near Kembangan and Eunos MRT stations SUBJECT SITE NOT TO SCALE pS*' cQf*' CEA R*****9A Tender closes 15270 words
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Page 30 Advertisements
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Advertisement293 2012-12-20 30 WORLD CLASS AMENITIES NA BAY F IAL BAY SANDS AND GARD THE WELL CO NNECTED TO THE WHOLE OF SINGAPORE r SHENTOI WAY MRT STATION EXCELLENT® ESTMENT VALUE AND RENTAL YIELD OF HIGH FLOOFI3 WITH GOOD FACINGS RE EAS ELLING PROJECT IN CBD* BEST-S ON SHENTON V on Shenton residences293 words
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