The Business Times, 5 February 2013
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2013-02-05
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The Business Times
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Title Section25 2013-02-05 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, February 5, 201325 words
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729 2013-02-05 1 MALMINDERJIT SINGH - Labour tightening measures have hit them hard; letter conveys concerns to minister By MALMINDERJIT SINGH [SINGAPORE] Some foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit.729 words
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MARKETS DIGEST
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Article65 2013-02-05 1 GST INDEX 3,297.37 (+6.23) GST INDEX FUTURES 3,298.00 (+6.00) GSIMSCI 371.33 (+1.25) GSIMSCI FUTURES 371.50 (+0.70) US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.571 1.946 EURO (US$/S$/€) 1.361 1.685 Foreign currency per US$ S$ YEN 92.80 74.90 RM 3.098 2.501 HK$ 7.756 6.261 BAHT 29.76 24.02 RUPIAH65 words
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Article48 2013-02-05 1 Monday Change KL COMP 1,634.55 +7.00 NIKKEI 225 11,260.35 +69.01 HANG SENG 23,685.01 -36.83 SET INDEX 1,506.37 +7.15 JAKARTA COMP 4,490.57 +8.93 MANILA COMP 6,435.98 +117.37 SEOUL COMP 1,953.21 -4.58 SHENZHEN B 856.55 -13.59 MUMBAI IND 19,751.19 -30.00 11am EST Change DOW 13,895.29 -114.50 NASDAQ 3,158.41 -20.6948 words
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Article31 2013-02-05 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.840 TAIWAN 5 036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3 25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg31 words
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Article, Illustration727 2013-02-05 1 CHUANG PECK MING - It’s estimated to shrink to 55% of the population by 2030, sparking concern By CHUANG PECK MING [SINGAPORE] Members of Parliament kicked off the debate on population yesterday, with many of them expressing concerns about a thinning Singaporean “core” that could erode the Singapore identity.727 words
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Page 1 Advertisements
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Advertisement367 2013-02-05 1 S’PORE ECONOMY January PMI signals return to manufacturing growth PAGE 2 PRODUCTIVITY MATTERS Financial services: Reaching for greater innovation PAGE 14 UK REFORM BILL Banks to split investment, retail arms page 2 CNY This festive season’s flavour: take-aways PAGE 10 8 *****1 *****4 HSBC Visa Infinite card allows you to367 words
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Advertisement9 2013-02-05 1 Inc The SWAT way to raise funds PAGE 129 words
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TOP STORIES
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523 2013-02-05 2 TEH SHI NING - Electronics improves but still in contraction mode; sector seen expanding again only in second half of year By TEH SHI NING [SINGAPORE] For the first time in seven months, Singapore’s purchasing managers’ index (PMI) has signalled a marginal expansion of the manufacturing523 words
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550 2013-02-05 2 MINDY TAN - Without them, Singapore will be an ‘aged’ population by 2016 By MINDY TAN [SINGAPORE] Even as the White Paper on population proposes a significant slowdown in the rate of workforce and population growth, this must be balanced against the possibility that we will be550 words
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Article, Illustration592 2013-02-05 2 NEIL BEHRMANN - Law to ensure retail bank can continue even if rest fails By NEIL BEHRMANN in London THE British government yesterday introduced a Banking Reform Bill to ring-fence the retail and in-vestment-banking operations of the country’s large banks. If banks fail toPHOTO: REUTERS - 592 words
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602 2013-02-05 2 ANDREA SOH - S’pore’s tax treaty network should also be enhanced, it says By ANDREA SOH [SINGAPORE] Tax advisory firm KPMG has said that even as the call for higher productivity goes out, Singapore should grow the brands of its companies to sow the seeds602 words
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Article562 2013-02-05 2 Several foreign firms prepare to leave S’pore SOME foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit. According to the American Chamber of Commerce in Singapore, 5 per cent of respondent562 words
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490 2013-02-05 4 PAULINE NG - Minorities expected to accept Petronas’ surprise offer amid continued weakness in shipping By PAULINE NG in Kuala Lumpur INVESTORS hoping to make a quick buck ahead of the Chinese New Year rushed into MISC yesterday after its parent Petronas offered to privatise490 words
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Article, Illustration493 2013-02-05 4 LYNN KAN - Culture counts when crafting policies to foster start-ups By LYNN KAN [SINGAPORE] Israel is known as a “Start-Up Nat i o n” w i t h a t ee m i n g eco-system of research centres, start-up companies and venturePHOTO: YEN MENG JIIN - 493 words
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450 2013-02-05 4 He says that it is required to bring down federal deficit Bloomberg [WASHINGTON] President Barack Obama said that there is “no doubt” the government needs new revenue from closing tax “loopholes” and limiting deductions, along with enacting spending cuts, to reduce theBloomberg - 450 words
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Page 3 Advertisements
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Page 4 Advertisements
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Advertisement40 2013-02-05 4 POWER UP YOUR home INVESTMENT KNOWLEDGE Whether you are selling, buying or investing in property, we will empower you with the knowledge and insights to make an informed decision. BTINVEST.COM.SG>, FY I MARKETS I WEALTH I INSURANCE I PERSONAL FINANCE40 words
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COMPANY NEWS
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Article, Illustration640 2013-02-05 5 NISHA RAMCHANDANI - It will open one in Jurong and four in M’sia by April; eyes Indonesia market By NISHA RAMCHANDANI RETAILER Courts Asia continues to expand in existing markets Singapore and Malaysia through physical and online stores as well as a wider array of offerings.640 words
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331 2013-02-05 5 LEE MEIXIAN - By LEE MEIXIAN PALM oil plantation firm Golden Agri-Resources and tanker shipping firm Stena Bulk A/B have set up a 50-50 joint venture (JV) called Golden Stena Bulk. Financial details of the JV were not disclosed. The JV is the second collaboration331 words
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272 2013-02-05 5 JASMINE NG - 50:50 venture equity to more than double to 100b yen By JASMINE NG GLOBAL Logistic Properties (GLP) and Canada Pension Plan Investment Board –the 50:50 partners of GLP Japan Development Venture are each pumping a further 29 billion yen (S$395 million)272 words
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327 2013-02-05 5 Bloomberg [SINGAPORE] Syndicated lending volumes in Asia will increase this year, 51 per cent of loans bankers in the region say, as 84 per cent expect borrowing costs to fall, according to a survey by Asia Pacific Loan Market AssociationBloomberg - 327 words
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Advertisement105 2013-02-05 5 Work flat out, seven days a week. M From 2 February, fly to Brisbane and Abu Dhabi daily, with Eli had. Enjoy a guaranteed fully-flal bed as well as your own dedicated Food and Beverage Manager in Pearl Business Class. And on the ground, our hospitality extends to the complimentary105 words
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SINGAPORE MARKETS
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Article, Illustration656 2013-02-05 6 R SIVANITHY - Index still at new 2-year high after rise was tempered by HK gain reversal and weak Europe opening STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday first jumped 28 points to a intraday high of 3,319 but with Hong Kong reversing aSource: Bloomberg - 656 words
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Article73 2013-02-05 6 Feb 4 VALUE CLOSE BT OB/OS 462.00 -93.00 BT CADI -*****.00 -38.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 812.48 +1.70 FTSE ST Small Cap 570.87 +0.66 FTSE ST All Share 811.51 +1.54 FTSE ST China Top 233.88 +1.26 FTSE ST China 267.48 +1.39 FTSE73 words
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Article186 2013-02-05 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 47 80 43 9 15 6 56 95 49 Commerce 24 30 16 4 6 2 28 36 18 Tpt/Stor/Comms 14 22 9186 words
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Article, Illustration952 2013-02-05 6 JOYCE HOOI - Compiled by JOYCE HOOI King Wan Corp Feb 4 close: $0.295 OSK RESEARCH, Feb 4 WE initiate coverage with a “buy” rating and TP of $0.40. King Wan (KWAN) is Singapore’s leading mechanical electrical (M&E) services provider for the construction industry, and also operates the country’s largest fleetSource: Bloomberg - 952 words
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Article123 2013-02-05 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,411 15,411 71,300 71,300 Manufacturing 516,619 161,263 677,882 276,781 23,473 300,254 Commerce 211,337 14,097 225,434 114,872 1,290 116,163 Tpt/Stor/Comms 150,911 21,707 172,618 226,084 7,428 233,512 Finance 71,755 457 72,212 280,642 180 280,822 Construction 236,643 102,904123 words
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Article109 2013-02-05 6 Stock name Close Change CapMallsAsia 2.200 -0.040 CapitaLand 3.930 -0.050 CapitaMall 2.120 CityDev 11.70 ComfortDelGro 1.900 -0.015 DBS Grp 15.29 +0.140 F&N 9.430 GLP 2.780 -0.020 Genting SP 1.525 Golden Agri 0.645 +0.005 HK Land 7.950 +0.050 IHH Healthcare 1.340 JMH 63.63 -0.780 JSH 38.11 +0.130109 words
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Article, Illustration538 2013-02-05 6 CURRENCIES Reuters [LONDON] The euro retreated from multi-month highs against the yen and dollar yesterday as speculators took profit on the common currency’s rally and caution set in before the European Central Bank meets this week. Weak Spanish unemployment data, aReuters; PHOTO: REUTERS - 538 words
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Article54 2013-02-05 6 VOLUME MDR 665,119,000 MDR W*****5 249,854,000 Rowsley 191,198,000 IPCO Intl 119,298,000 Ntegrator 104,369,000 YHM 99,934,000 ElektromotiW*****0 84,690,000 ICP 73,557,000 ChinaNTown 62,519,000 Yoma 47,028,000 VALUE($) UOB 107,738,013 SingTel 93,929,720 DBS Grp 90,415,412 Rowsley 65,944,065 Genting SP 60,887,170 OCBC Bk 50,967,570 HPH Trust US$ 42,248,319 F&N 41,702,200 Yoma 39,165,24054 words
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Article116 2013-02-05 6 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 812.0 3.1 Lyxor Indonesia10US$ 9894 178.3 1.5 DBXT Nifty 10US$ ***** 104.0 0.7 DBXT MSJAP 10US$ 3876 96.6 2.1 Hyflux 6% CPS 10 ***** 90.0 0.8 Jardine C&C 5164 84.0 1.7 DBXT MSTHAI 10US$ 2251 52.0 1.9 UOB.ES.1302 1922 45.0 2.4116 words
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Article129 2013-02-05 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -216.8 -0.9 UOB 5.05%NCPS 100 ***** -165.0 -1.6 JMH 6363 -96.6 -1.2 STXPO 100 590 -43.0 -6.8 DBXT S&P Short 10US$ 3287 -33.4 -0.8 GLD 10US$ ***** -16.1 -0.1 IS ASIA HYG100US$ 1118 -13.6 -1.0 UOL 618 -12.0 -1.9 IS129 words
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COMPANY NEWS
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Article, Illustration466 2013-02-05 7 ONG CHOR HAO - Results helped by revenue surge and higher contributions from associates and joint ventures By ONG CHOR HAO PROPERTY and retail group Wing Tai Holdings posted a net profit of $88.7 million for its second quarter ended Dec 31 last year, a466 words
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821 2013-02-05 7 FELDA CHAY - By FELDA CHAY REAL estate services company HSR Global Ltd and contract manufacturer Huan Hsin Holding have warned of full year losses for 2012 ahead of their release of results. In HSR’s case, it said in an announcement yesterday that a preliminary821 words
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Article, Illustration712 2013-02-05 8 LYNN KAN - This follows JS Oil’s purchase of 24.97% of Raimon Land for 2b baht By LYNN KAN LIONEL Lee, group managing director of subsea services firm Ezra Holdings, is turning his personal penchant for property development into a more serious enterprise. On Friday,FILE PHOTO - 712 words
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351 2013-02-05 8 TEO SI JIA - By TEO SI JIA HIGHER group revenue and contributions from joint ventures boosted Sim Lian Group’s bottom line for its fiscal second quarter. The property development and construction group achieved a 35 per cent year-on-year surge in net profit to $47.51351 words
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COMPANY BRIEFS
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Article116 2013-02-05 8 BIOTECH firm Transcu Group said yesterday that its board chairman, Hironori Aihara, died on Jan 28, aged 74, after a short illness. It said that the board had held back the announcement until after the funeral on Feb 2, at the request of Mr Aihara's family116 words
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108 2013-02-05 8 XMH Holdings is acquiring 15,184 sq m of JTC land for about $8.14 million to construct new premises to accommodate new assembly and production lines and increase general warehousing capacities. The lease term is 30 years. The group’s aggregate cost of investment in the108 words
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67 2013-02-05 8 THE Straits Trading Company, which saw its publicly-held shares decrease to 9.1 per cent following the issuance of consideration shares to vendors, has been given an extension by the Singapore Exchange to restore the public float to above 10 per cent by June 1.67 words
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346 2013-02-05 8 CARINE LEE - By CARINE LEE MEMBRANE-BASED recycling solutions provider United Envirotech Ltd (UEL) recorded a surge in profit for the fiscal third quarter ended Dec 31, 2012 to $8.49 million, from $1.89 million a year earlier. Backed by stronger engineering revenue which trebledyear-on-year to $43 million from346 words
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Page 7 Advertisements
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Advertisement402 2013-02-05 7 Information correct at time of printing. UEN: *****5206G ESPLANADE PRESENTS m hi. usic you ,st can’t miss! lOMar, Sun, 7.30pm Esplanade Concert Hall Miles Smiles SuS.es, Larry CoryeU and Rick Margitza usa Fxoect a riveting evening of iazz as these cutting edge musicians come together to pay tribute to their402 words
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Advertisement122 2013-02-05 8 18-24 feb 2013 /10:00am to 10:00pm IMM SHOPPING MALL, ATRIUM FREE ADMISSION Catch these renowned speakers at INVEST Carnival Russell Markham Leong Sze Hian Alan Lok Helen Ong Wong Sui Jau Event Highlights: Keynote Presentation by Popular Investment Speakers Over 15 Free Investment Talks Get exposed to various investment asset122 words
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Advertisement23 2013-02-05 8 A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 Email: queries@bluincmedia.com www.bluincmedia.com23 words
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Advertisement304 2013-02-05 8 InvestorRelationsHighlights Courage Marine acquires vessel M/V Dong-A Saturn Courage Marine, a marine transportation services provider, has entered into a Memorandum Of Agreement (MOA) with Dong-A Tanker in relation to the acquisition of a vessel, M/V Dong-A Saturn, for a total cash consideration of US$7.5 million. M/V Dong-A Saturn is a304 words
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Page 9 Advertisements
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Advertisement249 2013-02-05 9 The Business Times Now you can read it any way you want. 3* DINING OUT CUSTOMER U-golarian Care SATISFACTION lluil hits all the Service just 01 right spots pact a the equation JP Morgan counts on S-EA to grow rjs ihe Business Time: THE BUSINESS TIMES THE BUSINESS TIMES Smith249 words
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SINGAPORE NEWS
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Article, Illustration787 2013-02-05 10 NISHA RAMCHANDANI - It’s one way that restaurants are tackling the severe manpower shortage By NISHA RAMCHANDANI HOME deliveries for pen cai. Reunion lunches. Or how about a five-course reunion dinner in the comfort of your own home without having to step into the kitchen? Faced with a787 words
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570 2013-02-05 10 MALMINDERJIT SINGH - It has prompted ministry to come up with proactive steps YESTERDAY IN PARLIAMENT By MALMINDERJIT SINGH THE strike of the SMRT bus drivers from China in November was a “wake-up call” and, going forward, it has prompted the authorities to come570 words
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429 2013-02-05 10 TEH SHI NING - By TEH SHI NING SINGAPORE is now the world’s sixth most expensive city, up from ninth previously, going by a biannual ranking compiled by the Economist Intelligence Unit (EIU). In Asia, Singapore is fifth. The latest Worldwide Cost of Living429 words
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497 2013-02-05 10 GRACE LEONG - Top law firm opens two new offices in Myanmar, Cambodia By GRACE LEONG RAJAH Tann LLP (R&T) has opened two new offices in Myanmar and Cambodia in a move to boost its capacity to compete with large international firms muscling their way into the region’s497 words
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239 2013-02-05 10 CHIEF of Defence Force Neo Kian Hong is stepping down from his post to take up a senior position in the civil service. He will be succeeded by Ng Chee Meng, who is currently Chief of Air Force.The Ministry of Defence (Mindef) said the239 words
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273 2013-02-05 10 MA XIANGYU - By MA XIANGYU LOCAL medical technology firm AWAK Technologies has entered into an exclusive agreement with US healthcare giant Baxter International for the development of its proprietary wearable dialysis technology. Under the deal, Baxter will have an exclusive global manufacturing and distribution licence273 words
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Page 11 Advertisements
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Advertisement326 2013-02-05 11 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS n.a X 1* mm PRINT iPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF ''Panasonic Micro Audio SC-HC27 Tw SrhjfiT %dJ!4 2 year326 words
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SME Inc
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Article, Illustration1624 2013-02-05 12 FELDA CHAY - Crowdonomic differentiates itself by focusing exclusively on crowdfunding for Asian start-ups and businesses, reportsFELDA FELDA CHAY LEO Shimada, the 36-year-old founder of the firm that created the first Sin-gapore-based crowdfunding platform, knows that he has a tough journey ahead. He and his recently startedPHOTO: ARTHUR LEE - 1,624 words
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Article, Illustration1156 2013-02-05 13 JANE WILLIAMS - It’s easy to play hardball and go for a quick-fix, but a more long-term, win-win strategy is the way of the future COMMENTARY By JANE WILLIAMS This article was first published on online portal Insead Knowledge (knowledge.insead.edu) IT’S no longer a game ofPHOTO: STOCK.XCHNG - 1,156 words
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Page 12 Advertisements
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Advertisement50 2013-02-05 12 HOT PROPERTY i III'§HS K Ml 31 TG PAGAR qfwi.vu I Immed. safe Cation Hr om C e‘ ,l )S7° 5f ,AR MINGgrd e, $48 g nc, 2 c BOUTIQUE SHOPHOUSE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT50 words
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Advertisement65 2013-02-05 12 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with65 words
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Page 13 Advertisements
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Advertisement112 2013-02-05 13 Secure your printers without working security guard hours. We started with legendary HP LaserJet reliability. Then we radically simplified security and fleet management. PLuq this printer into your network, and it automatically helps protect data in storage or in transit using robust encryption, authentication, and security management. So you can112 words
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PRODUCTIVITY MATTERS
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Article, Illustration1455 2013-02-05 14 TEH SHI NING - Efficient as they are, there is still room for financial institutions to achieve higher levels of productivity, reportsTEH FINANCIAL SERVICES TEH SHI NING EVEN as the urban landscape of Singapore’s financial district is being transformed by Marina Bay’s glitzy skyscrapers, there is much room yet forPHOTO: BLOOMBERG; Source: Monetary Authority of Singapore - 1,455 words
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Article118 2013-02-05 14 Key schemes FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Productivity Innovation Credit (PIC) Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Financial Training Scheme118 words
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MALAYSIA/INDONESIA
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Article, Illustration740 2013-02-05 15 In Malaysia, group tops IPO league table with 21.79% market share [KUALA LUMPUR] CIMB Group’s investment banking (IB) business notched its best year ever in 2012 amid a wave of initial public offerings (IPOs) and deals in the region, particularly in its homePHOTO: BLOOMBERG - 740 words
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383 2013-02-05 15 Move could result in better and improved land use: official Reuters [JAKARTA] Indonesia’s agriculture ministry backs a move by East Kalimantan to impose a forest moratorium in the province, an official said on Friday, in what may signal a softening in the department’s oppositionReuters - 383 words
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Article, Illustration494 2013-02-05 15 Bank Central Asia’s projection is now 18-20% for this year Reu ters [JAKARTA] PT Bank Central Asia, Indonesia’s biggest lender by market value, has cut its loan growth forecast for this year to 18-20 per cent, from 22-25 per cent, its chief executiveReuters; PHOTO: REUTERS - 494 words
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467 2013-02-05 15 Announcements for Kuantan and Kertih soon, says CEO [KUALA LUMPUR] The East Coast Economic Region Development Council (ECERDC) is in various discussions with investors involving some RM11 billion (S$4.4 billion) worth of investments. Chief executive officer Jebasingam Issace John said that most467 words
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278 2013-02-05 15 [KUALA LUMPUR] KFC Holdings (M) Bhd (KFCH) and QSR Brands Bhd will be delisted on Thursday. Triple Platform Sdn Bhd managing director Ahmad Zaki Zahid told Malaysia’s Business Times that he was informed about the date of the delisting late last278 words
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Page 15 Advertisements
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Advertisement426 2013-02-05 15 WATS NOTICES NOTICE OF EXTRAORDINARY GENERAL MEETING SINGXPRESS LAND LTD. (Company Registration No. *****3164K) (Incorporated in Singapore) All capitalised terms in this Notice of Extraordinary General Meeting and defined in the circular dated 5 February 2013 (the “Circular”) shall, unless otherwise defined herein, bear the respective meaning as ascribed to426 words
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GREATER CHINA/INDIA
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542 2013-02-05 16 JULIE ZHU - They pledge to crack down on illegal cross-border capital flow By JULIE ZHU EJ Insight [HONG KONG] Chinese regulators have expressed concerns about the risk of large inflows of speculative “hot money” this year and vowed to crack down on illegal cross-borderEJ Insight - 542 words
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201 2013-02-05 16 Reuters [SHANGHAI] The government of Shanghai, China’s financial hub, aims to launch an electronic system this year to track collateral used in commodities warehouse financing, in a bid to strengthen the banking system after trade defaults, domestic media says. Shanghai’s finance service bureau is workingReuters - 201 words
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Article, Illustration399 2013-02-05 16 Bloomberg [BEIJING] Chinese central bank governor Zhou Xiaochuan will step down from his position next month, the China Securities Journal reported, without citing anyone. The report, part of a Feb 2 profile of Mr Zhou, may be the first timeBloomberg; PHOTO: BLOOMBERG - 399 words
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270 2013-02-05 16 AFP [MUMBAI] A Mumbai brokerage on Saturday blamed technical problems for “unintended” stock market transactions, a day after there was an unexpected dive in the values of the shares of two major companies. The statement came after India’s National Stock Exchange (NSE)AFP - 270 words
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Article, Illustration489 2013-02-05 16 JULIE ZHU - By JULIE ZHU EJ Insight [HONG KONG] Chinese industries extended their run of profit gains to a fourth month in December, adding evidence that the world’s second largest economy is gathering steam after seeing its slowest growth in 13 years. A string of sevenEJ Insight; PHOTO: REUTERS - 489 words
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Article, Illustration527 2013-02-05 16 It could still resort to OMOs in Feb and March: top official Reuters [COLOMBO] India’s central bank is considering cutting the held-to-maturity (HTM) ratio for lenders starting in April, while also looking into bond purchases via open market operations (OMOs)Reuters; PHOTO: AP - 527 words
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ECONOMY WATCH
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693 2013-02-05 17 GPIF plans talks about whether to reduce its allocation to domestic bonds Bloomberg [TOKYO] Japan’s public pension fund, the world’s biggest manager of retirement savings, is considering the first changes to its asset structure in seven years as a newBloomberg - 693 words
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Article, Illustration640 2013-02-05 17 NYT [NEW YORK] The United States and Mexico have reached a tentative agreement on cross-border trade in tomatoes, narrowly averting a trade war that threatened to engulf a broad swath of US businesses. The agreement, reached late Saturday, raises the minimumNYT; PHOTO: REUTERS - 640 words
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402 2013-02-05 17 Berlin will need to liberalise recruitment if govt is to fill projected shortfall by 2025 Reuters [LONDON] Germany will need a big increase in skilled immigrant labour in coming years, from both inside and outside the European Union (EU), to make up for theReuters - 402 words
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602 2013-02-05 17 RBA likely to hold rates as resource prices rebound Bloomberg [SYDNEY] Australian government debt extended the longest losing streak since 2010 as a global economic rebound revives mining exports, spurring Goldman Sachs Group to scrap forecasts for a central bank in-terest-rateBloomberg - 602 words
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Article, Illustration724 2013-02-05 17 Critics fear rescue funds could end up in Russian hands NYT [PARIS] When German officials said they would save the eurozone at all costs, the prospect of bailing out Russian oligarchs was not what they had in mind. But eight months before aNYT; PHOTO: AP - 724 words
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WORLD
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Article, Illustration593 2013-02-05 18 The authorities may tighten capital rules for banks to curb a property boom Bloomberg [ZURICH] The UBS Swiss Real Estate Bubble Index stayed in the “risk zone” for a second quarter, putting pressure on the authorities to tighten capital rules for the country’sBloomberg; PHOTO: BLOOMBERG - 593 words
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Article, Illustration607 2013-02-05 18 Reuters [ROME] Italy’s former prime minister Silvio Berlusconi announced his “last great electoral and political battle” on Sunday with a sweeping promise to cut taxes and the cost of government if his centre-right wins elections this month. In a passionate and much anticipated speechReuters - 607 words
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425 2013-02-05 18 Reuters [MOSCOW] Moscow’s stock exchange will be valued at up to US$4.6 billion in its planned stock market flotation, which will raise around US$500 million for the company and selling shareholders, according to a price range published by the company yesterday. TheReuters - 425 words
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Article, Illustration682 2013-02-05 18 Bloomberg [COPENHAGEN] Danish government bonds, which ended last month as the world’s worst performing sovereign debt after a sell-off of haven assets, have now dropped enough in price to appeal to some of the country’s biggest money managers. PFA, the nation’s sec-ond-largestBloomberg; PHOTO: BLOOMBERG - 682 words
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258 2013-02-05 18 Reuters [PARIS] French Finance Minister Pierre Moscovici on Sunday said the government believed it could reach its 2013 economic growth target of 0.8 per cent. Mr Moscovici told France 2 television that he is maintaining the target ahead of the publication ofReuters - 258 words
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417 2013-02-05 18 Margin, output up as company expanded capacity Bloomberg [GENEVA] Swatch Group AG, the biggest maker of Swiss timepieces, reported a 26 per cent increase in 2012 profit as the company produced more watches and took advantage of expanded production capacity at itsBloomberg - 417 words
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773 2013-02-05 19 History is replete with incidents of investor flight in the face of govt levies Bloomberg [LONDON] Half a century after a US tax on bond purchases spawned the US$3.7 trillion-a-year Eurobond market, Europe’s plan to impose a levy on financial transactions risks triggeringBloomberg - 773 words
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375 2013-02-05 19 Reuters [SEOUL] The South Korean won posted its biggest daily gain since December 2011 yesterday after positive global economic data fuelled investor risk appetite and the market saw no change in the near term for local interest rates. The localReuters - 375 words
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Article, Illustration88 2013-02-05 19 [SINGAPORE] A Sentosa Island staff volunteer with the 100-metre-long sand snake sculpture, Glittering Snake Trail, by Singaporean sand sculptor Jooheng Tan, at a media preview of the Sentosa Flowers Festival here yesterday. A total of 128 staff volunteers helped colour the snake, which forms thePHOTO: REUTERS - 88 words
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528 2013-02-05 19 Top four insurers are set to report strong Q4 results Reu ters [TORONTO] After ringing up share-price gains last year that led the market, Canada’s life insurers look ripe for a setback even if they post blockbuster quarterly results over the next coupleReuters - 528 words
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488 2013-02-05 19 Reuters [NEW YORK] Former customers of Jon Corzine’s collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company. In a court filing late on Friday,Reuters - 488 words
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Article, Illustration292 2013-02-05 19 AFP [TOKYO] Panasonic shares soared nearly 17 per cent yesterday as investors reacted to the Japanese electronics giant’s latest earnings, while rivals Sony and Sharp also spiked on upbeat sentiment. Panasonic jumped 16.89 per cent to 692 yen in Tokyo morning trade, following the company’s announcementAFP; PHOTO: REUTERS - 292 words
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380 2013-02-05 19 AFP [WASHINGTON] A secret legal review has concluded that the US president has the power to order preemptive cyber strikes if the US discovers credible evidence of a major digital attack against it is in the offing, The New York Times reported yesterday. CitingAFP - 380 words
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Article, Illustration516 2013-02-05 20 Reu ters [LONDON] Global consumer confidence dipped at the end of last year, a survey showed yesterday, and more than 60 per cent of respondents said that the next 12 months would not be a good time to spend. Concerns about US budget talks, whichReuters; PHOTO: AP - 516 words
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451 2013-02-05 20 Fall in non-durables overshadows gains in computers, building equipment LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories increased less than forecast in December, reflecting a drop in non-durable goods that overshadowed gains in construction equipment and computers. Bookings climbed 1.8Bloomberg - 451 words
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396 2013-02-05 20 Reuters [BRUSSELS] Eurozone factory prices fell for the second month in a row in December, mirroring the trend in consumer inflation and leaving room for a possible European Central Bank interest rate cut to revive the weak economy. Prices at factory gatesReuters - 396 words
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408 2013-02-05 20 Bloomberg [GENEVA] The resurgence in TB is a growth opportunity for Venlo, Nether-lands-based Qiagen NV, whose test for latent TB has become its fast-est-growing product. Latent TB is a form of the bug that isn’t detectable by standard X-rayBloomberg - 408 words
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190 2013-02-05 20 Reuters [LONDON] Britain’s financial regulator yesterday approved for the first time a “crowdfunding” website which allows members of the public to take a direct stake in small unlisted businesses. Volatile markets, low interest rates and crimped bank lending have boosted the popularity of crowdfunding,Reuters - 190 words
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Article, Illustration72 2013-02-05 20 [PHNOM PENH] The mourning period for Cambodia’s late King Norodom Sihanouk who died on Oct 15 of a heart attack, culminated with an elaborate cremation ceremony. After sunset, Sihanouk’s son King Norodom Sihamoni and widow, Queen Mother Norodom Monineath, both weeping,PHOTO: AP - 72 words
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525 2013-02-05 20 A joint inquiry has identified about 680 suspicious matches Reuters [THE HAGUE] European investigators have uncovered evidence that hundreds of soccer matches at club and national level were fixed around the globe in a scam run from Singapore, police said yesterday. A joint inquiry byReuters - 525 words
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197 2013-02-05 20 Reuters [TOKYO] Fukushima nuclear plant operator Tokyo Electric Power Co (Tepco) yesterday received approval to tap the Japanese government for US$7.5 billion more funds to compensate those harmed by the worst nuclear disaster since Chernobyl. Tepco issued a statement saying the Ministry ofReuters - 197 words
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AVIATION/SHIPPING
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Article, Illustration388 2013-02-05 21 VEN SREENIVASAN - Perth-S’pore flights cut to one per day; KL added to combined network By VEN SREENIVASAN [SINGAPORE] Qantas has announced a series of changes to its international network before its planned alliance with Emirates kicks off in April. These include changes to its flightsPHOTO: AFP - 388 words
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275 2013-02-05 21 AP [TOKYO] Japan Airlines, which made a comeback from bankruptcy last autumn, says its net profit fell 3.7 per cent in the first three quarters of 2012, but the carrier raised its full-year profit estimate despite the impact from its grounded BoeingAP - 275 words
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Article240 2013-02-05 21 SGX '000 Feb 4 S$ +/-Vol CH Offshore Chuan Hup Hldg 0.30 unch 2784 Cosco Corp 0.95 unch 4419 CWT Ltd Ezra Hldgs 1.21 -0.02 1unch First Ship Lea 0.13 -0.01 3127 Freight Links 0.08 unch ***** Grand Banks............unch unch 0 Jaya Hold Ltd 0.71 0.01 2874 K1Ventures240 words
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585 2013-02-05 21 Re uters [OSLO] Arctic nations’ plans to start cooperating over oil spills are vague and fail to define companies’ liability for any accidents in an icy region opening up due to global warming, environmentalists said. A 21-page document by the eight-nationReuters - 585 words
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Article, Illustration462 2013-02-05 21 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] Abu Dhabibased Etihad Airways had what it calls a “game-chang-ing year” last year. It clocked a net profit of US$42 million for 2012, up 200 per cent on 2011’s US$14 million, helped by strong improvements in revenues and passenger numbers.462 words
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214 2013-02-05 21 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] BOC Aviation has priced a private placement of US$50 million of 10-year senior unsecured fixed rate notes. The transaction, arranged by HSBC, was issued off BOC Aviation’s US$2 billion Euro Medium Term Note (EMTN) Programme established in September last214 words
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Page 21 Advertisements
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Advertisement25 2013-02-05 21 (R Ik Lianhe Zaobao Analysts: Housing markets in China's ist-tier cities spiralling ont of control j'r iEHIISSS To subscribe,call 6388 3838 or go to sphsubscription.com.sg25 words
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Page 21 Miscellaneous
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Miscellaneous352 2013-02-05 21 CRYPTIC CROSSWORD Across 1 Spoil green food no end getting wine (7) 5 Salvation Army taking part in unrefined campaign? (7) 9 Thrill in Kent, say, with son entering race (9) 10 Linger in south coast resort by river (5) 11 Painting technique in a spot restyled after one month352 words
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EDITORIAL & OPINION
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493 2013-02-05 22 EDITORIAL LAST week, Changi Airport reported that its passenger numbers had surged some 10 million since 2010 to surpass 52 million. Flight movements grew 7.6 per cent to 324,700, but cargo volumes declined 3.2 per cent to 1.81 million tonnes a trend493 words
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Article, Illustration809 2013-02-05 22 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent ANOTHER month goes by and another US job report is issued, and it seems that it’s deja vu all over again, to quote one of Yogi Berra’s famous witticisms. The American economy added809 words
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Article, Illustration988 2013-02-05 22 SAJJAD ASHRAF - The debt burden, which stands at 15.2t rupees, is ballooning due to the uncontrolled federal budget deficit, excessive borrowings, and rupee depreciation By SAJJAD ASHRAF The writer is an adjunct professor at the Lee Kuan Yew School of Public Policy, National University of Singapore,PHOTO: AFP - 988 words
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Article, Illustration1108 2013-02-05 23 POH BEE TIN, ANG LEA LEA - Conditions should be eased for the productivity tax perk, M&A allowance, older-worker wage subsidy, among others By POH BEE TIN, ANG LEA LEA The writers are tax services partners at Ernst Young Solutions LLP. The views expressed are their own THE fourth quarter upturn inPHOTO: REUTERS - 1,108 words
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Article, Illustration889 2013-02-05 23 PAUL KRUGMAN - As history shows, the financial industry’s wealth and influence can all too easily turn those who are supposed to serve as watchdogs into lap dogs instead PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winnerPHOTO: AFP - 889 words
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Article1610 2013-02-05 24 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 Destination STXPO TBN Camden/New1,610 words
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Page 24 Advertisements
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Advertisement46 2013-02-05 24 PLACE YOUR AD HERE The Business Times Shippi I CALL JOE WOP g Times IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times46 words
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SINGAPORE STOCKS
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Article3364 2013-02-05 25 Transaction date: Feb 4 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 11 6.6 AEM --AAT C'vr 159.5 98.5 AIMSAMPIReit 158cd -0.5 2132 159 1583,364 words
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Article226 2013-02-05 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil .inch226 words
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Article10340 2013-02-05 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.13/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Global Emerging Markets!** Asian Smaller Cos!** 1 939?/ EM Local Ciy Bond 1.012/ European Opportunities!" 1.159/10,340 words
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Article274 2013-02-05 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 +2 4 39 39 39 41.5 3.6 9 3.1 101.6 45 30 Genting HK US$ US43.5 -0.5 7302 44 42.5 43 43.5 2864.3274 words
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Article992 2013-02-05 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 20 118 118 117.6 119 538.6 135.9 120.4 CIMB APAC Div 100S$D 135.8 136.5 137.5 111.7 95.8 CIMB APAC992 words
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FINANCE & COMMODITIES
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Article632 2013-02-05 27 Feb 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.16 *****.49 *****.74 Mar13 *****.00 *****.00 *****.00 *****.00 *****5 *****7 Jun13 *****.00 *****.00 *****.00 *****.00 46 4018 MSCI TAIWAN INDEX FUTURES SPOT 282.39 285.04 282.39 Feb13 281.90 285.50 281.50 284.90 ***** *****2 Mar13 283.50632 words
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373 2013-02-05 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 1 Index Change Change Change Change Change Change World Preliminary 995.6 0.8 6.1 0.9 7.4 0.8 5.8 EAFE Preliminary 825.0 0.7 6.5 0.8 7.4 0.6 5.8 Europe Preliminary 1214.3 0.8 5.9373 words
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Article470 2013-02-05 27 Feb 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.493 0.766 8.082 55.265 100.745 0.967 11.308 3.228 1.234 101.886 42.288 1.291 9.250 0.948 30.808 31.008 0.663 1.042 Canada 0.962 6.249470 words
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Article69 2013-02-05 27 Feb 4 (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$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 12 mths 12 mths 0.*****69 words
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Article133 2013-02-05 27 Feb 4 GOLD(US$/oz) Feb 01 Feb 04 Hong Kong 1672.00 1677.60 Jan 31 Feb 01 London 1663.43 1668.30 1664.36 1669.30 Source: Thomson Reuters CAST BAR Feb 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 66 5gm 423 332 10gm 756 663133 words
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Article92 2013-02-05 27 Feb 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 02-May-13 0.26 6-Month BS*****Z 25-Jul-13 0.27 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 99.93 99.98 99.98 5-Year N*****0Z 2.37592 words
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Article57 2013-02-05 27 Feb 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2550.0 2512.0 2550.0 2485.0 951 4534 Mar 13 2558.0 2528.0 2563.0 2525.0 3143 ***** Apr 13 2586.0 2557.0 2592.0 2552.0 ***** ***** May 13 2599.0 2576.057 words
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Article154 2013-02-05 27 Feb 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2904 1.2913 1.0419 1.0423 Canadian dollar 1.2420 1.2426 1.0030 1.0028 Euro 1.6850 1.6859 1.3605 1.3608 NZ dollar 1.0458 1.0467 0.8444 0.8449 Sterling pound 1.9454 1.9467 1.5708 1.5713154 words
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Article108 2013-02-05 27 Feb 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1474.25 1468.50 1486.50 1463.75 May 13 1465.50 1459.75 1476.50 1455.00 Jul 13 1455.25 1449.50 1465.50 1445.25 Aug 13 1426.00 1419.25 1433.00 1416.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13108 words
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Article80 2013-02-05 27 Feb 1 COCOA (£/tonne) Close Prev High/Low Mar 13 1435 1428 1441/1417 May 13 1444 1437 1450/1427 Jul 13 1453 1446 1460/1437 Sep 13 1462 1455 1467/1447 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2049 2009 2052/2012 May 13 2055 2011 2059/2009 Jul 13 2061 2018 2066/2021 Sep 13 206780 words
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909 2013-02-05 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 5.4 1 25 17 Asiatravel.com HoldingsW*****5 5.5 1 27 41 Prem Best World Intl Ltd W*****5 6.5909 words
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Article70 2013-02-05 27 CRUDE OIL PRODUCTS Feb 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.02 0.70 WTI (Near Mth) 97.61 0.18 Dubai (1-Mth F) 110.91 1.08 Tapis blend 122.01 1.04 Minas 118.11 1.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.72 -0.17 Jet Kerosene 132.02 0.93 US$/barrel OpecOil Basket70 words
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Article22 2013-02-05 27 Feb 4 S$ Bid Offer 1-month 1.2386 1.2390 2-months 1.2386 1.2390 3-months 1.2386 1.2390 6-months 1.2385 1.2389 Source: OCBC22 words
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Article67 2013-02-05 27 Feb 1 Feb 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2087.75 2054.25 3 months 2125.00 2091.00 Copper, Grade A(US$/tonne) Cash 8254.50 8128.25 3 months 8290.00 8165.00 Lead(US$/tonne) Cash 2441.00 2422.00 3 months 2451.00 2431.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.0067 words
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Article121 2013-02-05 27 As at 9am Feb 4 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.324 1.261 Can dollar 1.272 1.212 Euro 1.732 1.650 Sterling pound 1.984 1.908 NZ dollar 1.084 1.023 US dollar 1.265 1.205 Local dollars to 100 units of foreign121 words
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Article154 2013-02-05 27 Feb 4 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 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, Illustration1059 2013-02-05 28 Some properties could be turned into dunes, wetlands or other natural buffers NYT [NEW YORK] Governor Andrew Cuomo is proposing to spend as much as US$400 million to purchase homes wrecked by Hurricane Sandy, have them demolished and then preserve the flood-proneNYT - 1,059 words
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Article, Illustration676 2013-02-05 28 AFP [THE HAGUE] A Dutch architect has designed a house “with no beginning or end” to be built using the world’s largest 3D printer, harnessing technology that may one day be used to print houses on the moon. Janjaap Ruijssenaars,AFP; PHOTO: AFP - 676 words
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Article, Illustration1215 2013-02-05 29 Drilling threatens economy rooted in tourism and organic farms: residents NYT [PAONIA, Colorado] For a glimpse into the complications of US President Barack Obama’s “all of the above” energy policy, follow a curling mountain road through the aspens and into central Colorado’s NorthNYT; PHOTO: MATTHEW STAVER/THE NEW YORK TIMES - 1,215 words
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584 2013-02-05 29 Bloomberg [NEW YORK] Washington Post Co may sell its downtown headquarters to relocate to a property that will make its operations more efficient, following similar moves by newspaper companies throughout the United States. “Once we removed the presses from this buildingBloomberg - 584 words
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1084 2013-02-05 30 With a sustained recovery in US housing in 2012, more are cashing in on buying and then renting out homes Bloomberg [NEW YORK] JPMorgan Chase Co is giving its wealthiest clients the chance to invest in the single-family rental market after otherBloomberg - 1,084 words
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Article, Illustration555 2013-02-05 30 AP [WASHINGTON] During last year’s housing recovery a question loomed: where are all the construction jobs? The answer arrived last Friday in a government report that showed the best hiring for the US building industry since the peak of the housing boom. ConstructionAP; PHOTO: AFP - 555 words
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Article, Illustration401 2013-02-05 30 Bloomberg [HONG KONG] Hong Kong monetary chief Norman Chan said more measures are possible to cool the city’s housing market as elevated household debt adds to risks from propertyprice gains over the past four years. Debt is “near historicBloomberg - 401 words
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276 2013-02-05 30 Bloomberg [SYDNEY] Sydney home sale listings plunged 13 per cent in January from a year earlier to the lowest level in three years as interest rate cuts spur property purchases, according to SQM Research Pty. Homes offered for sale online dropped toBloomberg - 276 words
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694 2013-02-05 30 Group is looking at locations, including Yangon, Mandalay Bloomb erg [SYDNEY] Best Western International Inc, the world’s second-largest closely held hotel chain, will open its first Myanmar property in 2013, taking advantage of friendlier investment rules and a shortage ofBloomberg - 694 words
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Page 28 Advertisements
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Advertisement102 2013-02-05 28 Chee Hoon Avenue Unique selling points: 8 Land Size: 1,410.6 sq m 15,184 sq ft (Approx.) Quiet and desirable GCB neighbourhood; Easily accessible via Adam Rd, Lornie Rd, Dunearn Rd; Conveniently accessible to major expressways like PIE, CTE andAYE; Auspicious house number; Regular and elevated GCB land parcel; Walking distance102 words
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Advertisement304 2013-02-05 28 160 CHANGI ROAD Rare Commercial Asset Management Redevelopment Opportunity Prime boutique commercial building along Changi Rd Freehold Tenure Approx. 300 metres to Eunos MRT Station Close to future Raya debar Commercial Elub Site Area: 1.669.8 sq m 17,974 sq ft GFA: 5,036.14 sqm/54,208 sq ft Sale with vacant possession For304 words
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Advertisement208 2013-02-05 28 m Rare Mohamed Sultan Stunner! Best Value!! Fully Developed Commercial/ResidentialZoning Single Conservation Terrace Building ft Comprises 6 tasteful units ft Fully Tenanted with good returns ft Immediate Revenue! ft 999 years since 1841 ft Local Purchasers Eligible ft Approximately 8,000 sq ft ft Good Value at $16m! Plus! Foreigners can208 words
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Page 29 Advertisements
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Advertisement97 2013-02-05 29 PRIME BUNGALOWS D11, Linden Drive, potential for redevelopment Land 9,860 sf, FH, Zoned 2-sty semi-detached Near good school amenities Expression of Interest Closing: 26 Feb 2013 (Tue) at 3pm D10, Holland Rise GCB Area Land 15,090 sf, FH, 6+2 with pool Excellent condition, near Holland Village Expression of Interest Closing:97 words
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Advertisement207 2013-02-05 29 6 levels of retail space with 458 allocated car parking lots. GFA: Retail approx. 321,148 sqft/car park approx. 212,790 sqft Excellent frontage and visibility Catchment of more than 1.5m population within 15 minutes’ drive Close to complimentary and supporting uses. Easy accessibility via major highways and Serdang KIM Station. Ease207 words
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