The Business Times, 25 April 2013

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Microfilm: NL32547
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, April 25, 2013
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  • Article
    Lock icon SIA doubles its stake in Virgin Australia
    679 1  -  By LEE MEIXIAN [SINGAPORE] The partnership between the Singapore Airlines (SIA) family and Virgin Australia is on a roll as they take on the Qantas group in its own backyard. A day after regulators allowed Virgin Australia to buy a controlling stake in
    679 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,322.71 (+38.36) GST INDEX FUTURES 3,306.00 (+44.00) GSIMSCI 374.81 (+4.83) GSIMSCI FUTURES 371.80 (+6.00) US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.525 1.893 EURO (US$/S$/€ 1.296 1.609 Foreign currency per US$ S$ YEN 99.40 80.10 RM 3.053 2.459 HK$ 7.764 6.254 BAHT 28.93 23.30 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,707.35 +6.96 NIKKEI 225 13,843.46 +313.81 HANG SENG 22,183.05 +376.44 SET INDEX 1,553.85 +4.50 JAKARTA COMP 5,011.61 +36.28 MANILA COMP 6,972.69 -9.67 SEOUL COMP 1,935.31 +16.68 SHENZHEN B 824.70 +10.93 MUMBAI IND Closed 12noon EDT Change DOW 14,690.82 -28.64 NASDAQ 3,263.81 -5.52
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 13.267 KOREA 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article, Illustration
    Lock icon SingTel told to share BPL baby with StarHub
    932 1  -  MDA rules that its broadcast deal was an exclusive one, invokes cross-carriage rule Reports by JOYCE HOOI [SINGAPORE] SingTel’s Barclays Premier League (BPL) score has become an own goal and a late injury-time victory for StarHub. The Media Development Authority (MDA) has
    PHOTO: AP  -  932 words
  • Article
    Lock icon Fans will have to pay more, says SingTel
    341 1 [SINGAPORE] SingTel’s top executive, Allen Lew, said that the Media Development Authority’s (MDA) decision yesterday will drive Barclays Premier League (BPL) prices up, and has vowed to fight its finding to the very end. If SingTel shares the content with StarHub as
    341 words
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      Lock icon Page 1 Advertisements Column 1
      148 1 COMMENTARY What Kuroda’s tactics mean for Japan PAGE 21 OFFICE MARKET Why conventional wisdom is being challenged PAGE 28 S’PORE NEWS Fortis Healthcare S’pore to integrate business units PAGE 11 HOCK LOCK SIEW Will multinational board add value to a S’pore firm? PAGE 6 **********04 S I N C E
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      522 2 SingTel told to share BPL baby with StarHub SINGTEL’S Barclays Premier League score has become an own goal and an eleventh-hour victory for StarHub. The Media Development Authority has ordered SingTel’s mio TV to share all BPL matches over the next three seasons with its green rival. FRONT
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    • Article
      Lock icon COE perks to entice owners to replace old diesel vehicles
      627 2  -  No COE bidding required for new and cleaner replacement models Reports by SAMUEL EE [SINGAPORE] Owners of old diesel vehicles are being encouraged to replace them with new and cleaner models without the need to bid for a COE. The
      627 words
    • Article
      Lock icon Cat A COE premium higher than Cat B
      494 2 [SINGAPORE] The COE premium for the small car category was again higher than the big car premium in yesterday’s tender for certificates of entitlement as buyers returning to the market after the shock announcement on Feb 25 begin converging on less expensive
      494 words
    • Article, Illustration
      Lock icon Apple budgets US$100b for dividends and share buyback
      621 2  -  By JOYCE HOOI [SINGAPORE] What is likely the world’s most polarising stock has further divided the pundits with its latest set of results and gargantuan share buyback programme. Yesterday, Apple said that by December 2015, US$100 billion US$55 billion more than originally
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    • Article, Illustration
      Lock icon Asean Summit begins in Brunei without Najib
      404 2  -  By LEE U-WEN in Bandar Seri Begawan PRIME Minister Lee Hsien Loong and his fellow leaders from South-east Asia gathered in the Brunei capital of Bandar Seri Begawan for dinner as the Asean Summit got underway last night. One by one, they arrived
      PHOTO: NURIA LING/THE STRAITS TIMES  -  404 words
    • Article
      Lock icon Allen & Gledhill gets 6 new partners
      571 2  - Allen Gledhill gets 6 new partners By GRACE LEONG [SINGAPORE] The former head of Rajah Tann LLP’s international arbitration group along with four other partners and the former CEO of the Singapore International Arbitration Centre (SIAC) will be joining Allen Gledhill LLP in the coming months. The appointments are expected
      571 words
    • Article, Illustration
      Lock icon Commodities slide will lift most Asian nations
      663 4  -  But net exporters like Australia, Indonesia, Malaysia will be big losers By ANDREA SOH [SINGAPORE] The recent tumble in commodity prices will be a boon for most Asian economies, supporting countries such as India, Thailand and China with higher growth, lower inflation and
      PHOTO: REUTERS  -  663 words
    • Article
      Lock icon S’pore fund buys stake in luxury clubs brand
      368 4  -  By NISHA RAMCHANDANI [SINGAPORE] Singa-pore-based Bay Capital has snapped up a majority stake in luxury entertainment brand Billionaire led by Italian ex-Formula One team boss Flavio Briatore as they seek to expand its network of nightclubs, starting with Dubai and Singapore. Investment
      368 words
    • Article, Illustration
      Lock icon Thai tycoon rediscovering benefit of debt
      366 4  -  REUTERS BREAKINGVIEWS By PETER THAL LARSEN [HONG KONG] Thailand’s richest man is rediscovering the joy of debt. Fresh from leveraging up to buy a stake in insurer Ping An, Dhanin Chearavanont is borrowing US$6 billion to finance a takeover of Siam Makro. Combining the
      366 words
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      Lock icon Page 2 Advertisements Column 1
      186 2 4-To-Go HSBC Exclusive 3-NIGHT BEST OF MALAYSIA CRUISE MARINER OF THE SEAS Departures: Jun 1, Nov 15, 22,29, Dec 6,13,20 Port-of-call: Kuala Lumpur (Port Klang) IT 3 3T 1 4/5-NIGHT ISLES OF SOUTHEAST ASIA CRUISE MARINER OF THE SEAS Departures: Jun 4, Nov 10 A 18,25, Dec 2,9,16,23 A 28
      186 words
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      Lock icon Page 2 Advertisements Column 2
      32 2 Stocks simple profit Track bankers,follow trend I HomilySoftware for Phon Free Now scan QR IS11 search 'Homily 7 in store Key URL in Chrome or Safari Shortcut URL: http://ezkey.in y *****752 www.cnpitilmaster.com.sg
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      209 3 i. K5 v P 7543 WOB Li i The Passat 1.8 TSI. How an executive sedan should be. This beautifully designed, German-engineered sedan is now available at an equally exceptional price. It has all the features you’d expect from a car of its class, and a few you might not,
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      154 4 GOLDEN HORSES HEALTH SANCTUARY In exclusive collaboration with RfSOKTA COUCHB A new approach to corporate wellness MediGolf AT GOLDEN HORSES HEALTH SANCTUARY we're faking a whole new approach to corporate health and wellness. Our new executive screening programs are specifically designed for executives that NEED an annual health screening and
      154 words
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      Lock icon Page 4 Advertisements Column 2
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      247 5 A s BH it. S f m r mm sm j* 5* m iSSia* >• iv'j: sL-pam V c: *S& m h: j icJi ML |Epn j n CENTER Experience a new landmark in the CBD that truly means business SBF Center emerges as a new premier commercial development in
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Many see FD as an inflation hedge: poll
      558 6  -  This misperception was found in nearly half of the respondents By GENEVIEVE CUA USING fixed deposits to hedge inflation defies logic but a poll of Singapore investors’ sentiment has found that misperception among nearly half the respondents. The Singapore segment of Franklin
      PHOTO: BLOOMBERG  -  558 words
    • Article
      Lock icon Will a multinational board add value to a S’pore firm?
      838 6  -  HOCK LOCK SIEW By LYNN KAN JUST before independent directors were due to be re-elected at the latest annual general meeting of Keppel Corporation last Friday, an investor took to the floor. “I would like to make the comment that
      838 words
    • Article
      Lock icon Plastoform eyes watch-list exit
      518 9  -  Strategic shift resulted in corporate turnaround and first profit in five years By GRACE NG PLASTOFORM Holdings, which recorded a profit for FY2012 after five years of being the red, is hoping that its application to exit the Singapore Exchange (SGX) watch-list will be granted in
      518 words
    • Article
      Lock icon QAF posts 14% Q1 profit rise
      326 9  -  Sales increased in all key business segments bakery, primary production and trading and logistics. By KENNETH LIM FOOD manufacturer QAF’s first-quarter net profit grew 14 per cent year-on-year with only a modest improvement in sales as its tax burden eased. QAF, which bakes Gardenia
      326 words
    • Article
      Lock icon Cache posts Q1 DPU of 2.234 cents
      394 9  -  By MINDY TAN CACHE Logistics Trust posted a distribution per unit (DPU) of 2.234 cents for the first quarter ended March 31, an increase of 7.1 per cent over the same period a year ago. Distributable income rose 18.3 per cent to $15.8
      394 words
    • Article
      Lock icon AV Jennings to raise A$41.2m in 2-for-5 issue
      486 9  -  By FELDA CHAY AV Jennings Ltd (AVJ), the Australia listed subsidiary of Singapore developer SC Global, is undertaking a non-renounceable pro-rata entitlement offer that will raise A$41.2 million (S$52.6 million) to reduce its net debt and support its general working capital requirements.
      486 words
    • Article, Illustration
      Lock icon Courts’ debut $125m bond draws $2.1b in orders
      617 10  -  Massive demand for retailer‘s 3-year bond offering 4.75% coupon By SIOW LI SEN COURTS Asia’s maiden bond foray was a “blowout” –it received an overwhelming $2.1 billion orders for its three-year $125 million bonds. The massive demand for the bonds from Singapore’s
      617 words
    • Article
      Lock icon Yeo Hiap Seng Q1 profit tumbles 69%
      330 10  -  Revenue also fell 38% to $136m from $219m y-o-y By LYNN KAN FEWER development properties available for sale led Yeo Hiap Seng to report first quarter net profit that was 69 per cent lower at $15.5 million from $49.4 million in the same
      330 words
    • Article, Illustration
      Lock icon SingHaiyi to launch 17-storey apartment building
      336 10  -  By YOGALINGAM MARIA MALA YOGALINGAM SINGHAIYI Group will be launching its Cosmoloft project, a 17-storey apartment tower comprising 56 units of freehold, designer lofts, on May 1. The Waldorf Mansions site at 235 Balestier Road was acquired by SingHaiyi Group through an enbloc deal.
      336 words
    • Article, Illustration
      Lock icon Deadline for WBL takeover extended to May 10
      300 10  -  By CAI HAOXIANG UNITED Engineers (UE) has extended the deadline for WBL Corporation shareholders and convertible bondholders to accept their takeover offer to 5.30pm on May 10. This buys more time for UE, an engineering, property and construction group, and its concert
      Source: Bloomberg  -  300 words
    • Article, Illustration
      Lock icon F&N tumbles on index fund selling
      523 10  -  By KENNETH LIM SHARES of Fraser and Neave (F&N) continued to fall sharply yesterday ahead of the counter being excluded from stock indices. F&N shed 39 cents, or 4.8 per cent, to close at $7.81 yesterday and was the Singapore-listed stock with the highest
      Source: Bloomberg  -  523 words
    • COMPANY BRIEFS
      • Article
        Lock icon Raffles Medical names Raymond Lim to board
        45 10 RAFFLES Medical Group appointed former transport minister Raymond Lim Siang Keat as an independent director on its board with effect from today. Mr Lim, 53, is chairman of APS Asset Management and senior adviser to John Swire Sons.
        45 words
      • Article
        Lock icon ST Engg appoints new chairman
        57 10 SINGAPORE Technologies Engineering said Kwa Chong Seng will take over as chairman of its board after he was re-elected as an independent director at its annual general meeting. Mr Kwa succeeds Peter Seah Lim Huat who steps down as an independent non-executive director and chairman
        57 words
      • Article
        Lock icon Action Asia reverses into losses in Q1
        30 10 ACTION Asia reported losses of $1.41 million in the first quarter of FY 2013 compared to a net profit of $13,000 last year.
        30 words
      • Article
        Lock icon Ezra’s $150m notes issue fully subscribed
        47 10 EZRA Holdings’ issuance of $150 million notes with a fixed interest rate of 4.875 per cent per annum, due April 2018, has been fully subscribed. It said that net proceeds from the issue will be used mainly to refinance existing borrowings.
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    • Article
      Lock icon Hotung’s Q1 profit falls 13%
      306 10  -  By CARINE CARINE LEE HOTUNG Investment Holdings saw its net profit for the fiscal first quarter ended March 31 fall 13 per cent year-on-year to NT$73.28 million (S$3.04 million) from NT$84.44 million. Its operating revenue decreased 15 per cent to NT$168.36 million from NT$197.36 million,
      306 words
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      Lock icon Page 6 Advertisements Column 1
      133 6 *3l®Sc r m i 1 ■3 ~T/‘ 3-« >-= 3r* ’A: f vx~ Tc, u r-y m ENTERPRISE jMBm 'MB WB7 7b jjjBj'jj/JaJiJ-tj £s&bMibb Do you lead a local enterprise that has soared to new heights of excellence? It is time to be recognised. Chart new business frontiers by nominating
      133 words
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      1653 7 Advertorial Investing in the Asian Century By Tan Chin Hwee, CPA, CFA What was the most important event over the past decade? Many may argue that China’s rise completely changed the global economic, political, and social landscape. Since China’s entry into the World Trade Organization in 2001, China’s GDP has
      1,653 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall St’s vote of confidence lifts STI
      589 8  -  Singapore index surges 1.2 per cent after inspiring housing data and earnings from the US STOCKS R SIVANITHY Senior Correspondent WALL Street on Tuesday ignored China’s weak manufacturing numbers as well as a hoax about the White House being attacked, and instead focused
      Source: Bloomberg  -  589 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Apr 24 VALUE CLOSE BT OB/OS -220.00 +29.00 BT CADI -*****.00 +143.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 834.34 +2.97 FTSE ST Small Cap 583.78 +2.06 FTSE ST All Share 821.21 +7.92 FTSE ST China Top 216.81 +1.17 FTSE ST China 245.52 +1.37 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME MDR 196,201,000 Lorenzo 182,695,000 SingHaiyi 154,933,000 WE Hldgs 117,656,000 Innopac 78,594,000 Albedo 70,411,000 Golden Agri 68,988,000 IPCO Intl 67,717,000 Contel 50,512,000 *Genting HK US$ 46,446,000 VALUE($) F&N 313,214,670 Keppel Corp 112,374,924 DBS Grp 91,003,110 OCBC Bk 61,771,020 SingTel 59,734,020 UOB 52,094,480 Genting SP 44,325,666 Golden Agri
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 2 0 0 0 10 3 2 Manufacturing 58 38 46 8 3 14 66 41 60 Commerce 24 13 24 7 6 1 31 19 25 Tpt/Stor/Comms 25 5 9
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      893 8  -  Compiled by JOYCE HOOI Courts Asia April 24 close: $0.98 Maybank Kim Eng Research, April 24 WE hosted a luncheon for Courts Asia’s CEO Terry O’Connor this week which was well-received by institutional investors. Following an introductory briefing on Courts’ evolution and past problems, investors grilled them on
      Source: Bloomberg  -  893 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 50,013 50,013 177,544 177,544 Manufacturing 515,576 149,449 665,025 533,481 8,127 541,607 Commerce 118,189 213,426 331,615 91,791 20,759 112,550 Tpt/Stor/Comms 102,260 14,916 117,176 158,360 5,877 164,237 Finance 100,723 181 100,904 239,192 76 239,268 Construction 147,185 31,647
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.970 +0.025 CapitaLand 3.490 +0.020 CapitaMall 2.290 +0.010 CityDev 11.27 +0.080 ComfortDelGro 1.925 +0.015 DBS Grp 15.980 +0.470 GLP 2.710 +0.030 Genting SP 1.425 +0.040 Golden Agri 0.550 +0.025 HK Land 7.290 -0.020 HPH Trust US$ 0.835 +0.025 JMH 67.29 -0.710
      114 words
    • Article, Illustration
      Lock icon Yen declines against euro, Australian $
      493 8 Yen declines against euro, Australian CURRENCIES Bloomberg [LONDON] The yen yesterday fell against the majority of its most-trad-ed peers amid growing signs that Japanese investors are seeking foreign assets, which is seen as likely to weaken the currency. Japan’s currency fell against Australia’s dollar for a second day after Meiji
      Bloomberg; PHOTO: BLOOMBERG  -  493 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP IS S&P500 ***** 222.2 1.1 DBXT Nifty 10US$ ***** 196.1 1.4 DBXT MSKorea 10US$ 5590 124.1 1.8 GLD 10US$ ***** 114.2 0.7 DBXT STGLDv100 10US$ 3074 104.3 2.8 DBXT AUDCS 5AU$ ***** 100.6 0.4 DBXT FTChina25 10US$ 2768 91.9 2.7 DBS Grp 1598 47.0 3.0
      116 words
    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN IS DJ US Tech 7108 -220.9 -2.4 JMH 6729 -88.1 -1.0 DBXT S&P Short 10US$ 3116 -58.3 -1.5 DBXT iBoxxSing 5SG$ ***** -58.0 -0.4 F&N 781 -39.0 -4.8 Keppel Corp 1092 -38.0 -3.4 IS MSCI Spore 1384 -13.7 -0.8 DBXT E50 10US$ 4120 -12.4 -0.2
      129 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      252 9 v an I**!'*' Eranw'i^ Junction H i 8 I I I l~ I I i=l I rEsidancEs Cashew MRT Q fii/n 94 be indulged, be home WHERE you ARE AI ONE WITH NATURE, WHERE YOU HAVE SPACE TO SPREAD YOUR WINGS, WHERE YOUR CHILDREN ARE FREE ID EXPLORE, PREMIER UPPER
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Fortis Healthcare S’pore to integrate its business units
      606 11  -  It’s also leveraging on local, overseas networks to boost patient flow: CEO By NISHA RAMCHANDANI FORTIS Healthcare Singapore is working on integrating its various business units here as well as leveraging on both its local operations and overseas network to boost patient
      606 words
    • Article
      Lock icon Citi starts wealth advisory service for business owners, C-level execs
      390 11  -  By BENJAMIN AW CITI’s high-net-worth clients here who are business owners or who hold positions such as chief executive officer, chief financial officer or chief operating officer will now have access to a wealth advisory service that provides a “holistic”
      390 words
    • Article, Illustration
      Lock icon SGH doctors to pedal for charity in OCBC race
      729 11  -  They want to raise awareness for bone marrow transplant By TEO SI JIA FOR someone who needs a bone marrow transplant, the odds of finding a donor with compatible marrow is one in 20,000 and this is in largely homogenous societies
      729 words
    • Article
      Lock icon CPA Australia, Icpas explore joint recognition
      293 11  -  Letter of intent inked for reciprocity agreement By LYNN KAN CPA Australia is exploring how its 7,200 Singapore members can be recognised by the national accountancy body, Institute of Certified Public Accountants of Singapore (Icpas). CPA Australia, Icpas and the Singapore Accountancy Commission yesterday
      293 words
    • Article
      Lock icon REC’s Q1 results show firm has turned a corner
      493 11  -  Its solar unit sees Ebitda improve to negative 50m kroner By RONNIE LIM RENEWABLE Energy Corporation (REC), which shuttered its entire Norwegian manufacturing operation last year, has finally come out into the sunshine after a gloomy 2012. The company, which runs
      493 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Singapore-Nanjing ties get new boost
        116 11 SINGAPORE and Nanjing strengthened their bilateral ties yesterday after they signed two memoranda of understanding during the inaugural panel meeting. The first, signed by the Lee Kuan Yew School of Public Policy and the Nanjing government, will see the latter sending government officials to attend
        116 words
      • Article
        Lock icon iCELL users told to switch accounts
        51 11 iCELL will cease to be a Wireless@SG operator from July 1, the Infocomm Development Authority said yesterday. Users who have accounts with it may register a new account with M1 and SingTel existing Wireless@SG operators or StarHub and new operator Y5Zone “at a later
        51 words
      • Article
        Lock icon STB names agencies for brand building
        99 11 THE Singapore Tourism Board (STB) has appointed James Walter Thompson, XM Asia, and Mediaedge: cia as partners in its destination brand-building efforts for two years from May 1. STB said that it looked for committed agencies with a strong network and presence in STB’s
        99 words
      • Article
        Lock icon Support for events to promote bilingualism
        112 11 BUILDING on its efforts to promote bilingual teaching and learning, the Lee Kuan Yew Fund for Bilingualism will be supporting two upcoming events the 4th Asian Festival of Children’s Content (AFCC) organised by the National Book Development Council of Singapore, and the 9th International
        112 words
      • Article
        Lock icon ACRA re-elected to global advisory panel
        67 11 THE Accounting and Corporate Regulatory Authority (ACRA) was elected to a second four-year term on the advisory council of the International Forum of Independent Audit Regulators (IFIAR) on April 15. ACRA, a founding member of IFIAR, joins existing council members from Canada and Abu
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia awash in FDI despite many risks
      455 12 Country in the midst of a consumer spending boom that may last many years NYT [BEKASI, Indonesia] Despite investors’ concerns about an unpredictable regulatory environment, a high level of corruption, inadequate infrastructure and rising labour costs, foreign money is gushing into Indonesia. The
      NYT  -  455 words
    • Article
      Lock icon Spectre of hudud raised to counter Opposition in Malaysia
      551 12  -  By S JAYASANKARAN in Kuala Lumpur THE weekend edition of The Star newspaper, which is owned by a party belonging to the ruling Barisan Nasional (BN) government, indicated that campaigning for Malaysia’s 13th general election had officially begun: It had five
      551 words
    • Article
      Lock icon Vincent Tan: Some said I was ‘mad’ to buy a football club
      518 12  -  By PAULINE NG in Kuala Lumpur WHEN he injected an initial £6 million (S$11.3 million) into floundering Cardiff City three years ago, Malaysian tycoon Vincent Tan was clueless about the offside rule and football in general. With Cardiff
      518 words
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      Lock icon Page 12 Advertisements Column 1
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      95 words
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      Lock icon Page 12 Advertisements Column 2
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      50 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China asks bond traders to check trading history
      678 13 PBOC wants to control credit risk amid growing illegal transactions Bloomberg [BEIJING] China’s central bank asked participants in the nation’s US$3.7 trillion interbank bond market to examine trading histories, said two people with knowledge of the matter, amid reports of a probe
      Bloomberg  -  678 words
    • Article
      Lock icon Luxury carmakers go small to boost sales in India
      467 13 Reu ters [MUMBAI] Luxury carmakers in India are moving downmarket and shifting production of smaller and cheaper cars to local plants to cut costs, broadening their target market to include India’s young, female and middle-class drivers to boost lacklustre performance. In
      Reuters  -  467 words
    • Article
      Lock icon Tailor-made for China from Hollywood
      299 13 AP [HONG KONG] From demanding changes in plot lines that denigrate the Chinese leadership, to dampening lurid depictions of sex and violence, Beijing is having increasing success in pressuring Hollywood into deleting movie content Beijing finds objectionable. It’s even getting American studios to sanction alternative
      AP  -  299 words
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      366 13 AIA GLOBAL PROPERTY RETURNS FUND INVESTMENT Build your investments with potentially higher returns and stable income 1 #“4 on n 111: liii SB ini n? ii f r»m *1 11 n i i i M i (c m Seek out finandal opportunities with AIA Global Property Returns Fund. In the
      366 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie economy in Q1 boosted by strong data mix
      491 14 Higher retail sales, lower inflation mean less chance of further rate cuts Reuters [SYDNEY] Australia’s economy looks like it grew at a rapid clip last quarter, thanks to a potent mix of tame inflation and rousing retail sales, a sign that
      Reuters; PHOTO: AFP  -  491 words
    • Article
      Lock icon South Africans spend as if there is no end
      575 14 With jobless rate around 25% the splurge may not last AFP [JOHANNESBURG] South Africans, it seems, just can’t stop spending. Roads in Johannesburg, Cape Town and Durban are jam-packed with more BMWs, Mercedes Benz and even Ferraris than you can shake
      AFP  -  575 words
    • Article
      Lock icon Wealth gap in US widening
      429 14 Richest 7% got richer during first 2 years of recovery AP [WASHINGTON] The richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 per cent of US households, says a report released on
      AP  -  429 words
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      140 14 ommattanA new f/teoe m/ts /awe ae/iiemeel eio rjbo rate exce/Ie/iee Individuals and companies that have shown exemplary standards in corporate governance, set new benchmarks in corporate disclosure standards, and adhered to a commendable policy of transparency, deserve a place among the stellar performers at the Singapore Corporate Awards 2013. Please
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  • WORLD
    • Article
      Lock icon Hacking of AP’s Twitter account raises concerns
      741 15 The trustworthiness of information spread via the microblogging site becomes an issue Bloomberg [SAN FRANCISCO] Less than a month after social media received regulators’ blessing to be a source for market-moving news, the hacking of the Associated Press’s Twitter Inc account is raising
      Bloomberg  -  741 words
    • Article, Illustration
      Lock icon Australia to invest forex reserves in yuan
      566 16 Central bank RBA plans to hold 5% of reserves in Chinese govt bonds Reu ters [SHANGHAI] Australia’s central bank plans to invest some of its foreign currency reserves in Chinese government bonds for the first time, part of a wider move to deepen
      Reuters; PHOTO: REUTERS  -  566 words
    • Article
      Lock icon Orders for durable goods fall 5.7%
      461 16 Commercial aircraft demand drops, investment cools LATEST US DATA Reuters Bloomberg [WASHINGTON] Orders for long-lasting US manufactured goods recorded their biggest drop in seven months in March as demand slumped for commercial aircraft and business investment cooled, signs of a slowdown in economic activity.
      Reuters; Bloomberg  -  461 words
    • WORLD WATCH
      • Article
        Lock icon Taiwan reports first case of H7N9 bird flu
        80 16 AFP [TAIPEI] Taiwan has reported the first case of the H7N9 bird flu outside of mainland China. The 53-year-old man, who had been working in the eastern Chinese city of Suzhou, showed symptoms three days after returning to Taiwan via Shanghai. He
        AFP  -  80 words
      • Article
        Lock icon German biz confidence falls for second month
        106 16 Bloomberg [FRANKFURT] German business confidence fell for a second month in April after winter weather hindered the recovery in Europe’s largest economy, adding to signs that the European Central Bank (ECB) may cut interest rates. The Ifo institute in Munich said its business
        Bloomberg  -  106 words
      • Article
        Lock icon Enrico Letta appointed Italy’s prime minister
        88 16 Bloomberg [ROME] Enrico Letta, deputy secretary of Italy’s biggest political party, was designated prime minister in an appointment that promises to end months of political gridlock and foster a generational shift in government. The 46-year-old career politician accepted the mandate yesterday from President Giorgio
        Bloomberg  -  88 words
      • Article
        Lock icon China Haidian acquires Corum for 86m francs
        75 16 AFP [GENEVA] Swiss watchmaker Corum said it had been acquired by China Haidian in the first purchase of a luxury Swiss watch company by a Chinese rival. China Haidian said it had acquired 100 per cent of Corum for 86 million Swiss francs
        AFP  -  75 words
    • Article, Illustration
      Lock icon Stellar showing by Barclays’ investment bank
      658 17 Earnings up 11%, outshining wider group’s profit drop Reuters [LONDON] British bank Barclays’ investment banking division beat expectations in the first quarter, outshining the wider group’s earnings drop and sending its shares to a six-week high. Overall profits at Britain’s third-largest bank were down
      Reuters; PHOTO: REUTERS  -  658 words
    • Article
      Lock icon UK reworks credit scheme to boost lending to SMEs
      481 17 Reuters [LONDON] Britain reworked its Funding for Lending Scheme (FLS) on Wednesday in the hope of pumping more credit into small and medium-sized firms and injecting life into the country’s stagnant economy. The Bank of England and the Treasury said incentives
      Reuters  -  481 words
    • Article
      Lock icon Asean wants talks on HK FTA to begin
      496 17  -  Grouping expected to start talks in May on 16-nation free trade zone, RCEP By Bandar LEE U-WEN in Bandar Seri Begawan THE Association of Southeast Asian Nations (Asean) a 10-member bloc of which Singapore is a founding member of wants to begin
      496 words
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      256 15 Singapore Preview 4-5 May Hong Kong Spring Auctions 2013 Jewellery and Jadeite Watches 4-5 May 10.30am-6.00pm Grand Corporate Suite, Grand Hyatt Singapore Asian 20 th Century Contemporary Art Chinese Classical and Modern Paintings and Calligraphy Beyond Tradition Chinese Contemporary Ink 4-5 May 10.30am-6.00pm Level 4 Galleries, ArtScience Museum Marina Bay
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      1293 16 NORTHERN TRUST CORPORATION Parent company of The Northern Trust Company Headquarters: 50 South LaSalle Street, Chicago, Illinois CONSOLIDATED BALANCE SHEET As at December 31 (US$ in Millions Except Share Information) 2012 2011 ASSETS Cash and Due from Banks 3,752.7 4,315.3 Federal Funds Sold and Securities Purchased under Agreements to Resell
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      2701 17 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SINGAPORE FACTORS LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO.REG. NO. *****1282R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter
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  • AVIATION/SHIPPING
    • Article
      Lock icon Consortium of four to work on Terminal 4
      338 18  -  Ground-breaking to take place in Q4 on site of old Budget Terminal By NISHA RAMCHANDANI [SINGAPORE] A consortium of four design and architecture firms has been picked to work on Changi Airport’s Terminal 4, for which ground-breaking is to take place in
      338 words
    • Article, Illustration
      Lock icon Jet to sell stake worth 20.6b rupees to Etihad
      433 18 Bloomberg [NEW DELHI] Jet Airways (India) Ltd agreed to sell a stake worth 20.6 billion rupees (S$471.4 million) to Etihad Airways PJSC as India’s biggest publicly traded airline uses a new government policy to raise funds from overseas. Jet Airways will
      Bloomberg; PHOTO: AFP  -  433 words
    • Article, Illustration
      Lock icon Govt seeks ways to end FAA furloughs
      635 18 Reu ters [WASHINGTON] The White House said on Tuesday it would be open to legislation to put air traffic controllers back to work full-time as key US senators demanded more information about the impact of furloughs on safety and air operations. The Federal
      Reuters; PHOTO: AFP  -  635 words
    • Article
      Lock icon Shipping could help Greece end crisis
      392 18 AFP [ATHENS] Greece’s merchant marine sector could well account for 10 per cent of the country’s GDP and help the Greek economy recover from the economic crisis, according to a study published on Tuesday. An increase in the number of Greek seamen and the
      AFP  -  392 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 18 SGX '000 Apr 24 S$ +/-Vol CH Offshore 0.47 0.01 66 Chuan Hup Hldg 0.27 unch 154 Cosco Corp 0.90 0.01 575 Apr 24 Ezra Hldgs 0.97 unch 5251 First Ship Lea 0.12 unch 640 Freight Links Grand Banks unch unch 0 Jaya Hold Ltd 0.63 -0.01 265
      235 words
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      30 18 SINGAPOREAN INDOPHILES Five locals who share a fondness for India, its culture and its food NORTH-EAST INDIA’S ‘MIRACLE MAN’ He builds 100km road in remote region GET YOUR COPY TOMORROW
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      36 18 SINGAPORE’S NO. 1 MEN’S MAGAZINE NOWAVAILABLE INDIGITALEDITION! ENJOY70%OFF 1-YEAR DIGITAL SUBSCRIPTION $21.60* OFFER VALID TILL JUNE 30, 2013. *Price may vary due to change in exchange rates DOWNLOAD ONTO YOUR MOBILE DEVICES THROUGH THESE PLATFORMS NOW!
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      384 18 CRYPTIC CROSSWORD Across 1 Send off something for publication as an afterthought (10) 6 Animals can be a nuisance wasting time (4) 9 Address from a bishop with poetic lines (5) 10 Virago deal unlikely (rejecting a male author) (4,5) 12 Censured for being sec-ond-class in terms of grade, we
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      164 19 AS SIMPLE AS 1,2,3 Be it a property, car or job opening and anything under the sun, advertising on our respective sites is really hassle-free. Check out any of these 3 easy ways to get started: 1. DIY OR EMAIL Simply visit any of our portals to self-register and place
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  • EDITORIAL & OPINION
    • Article
      Lock icon Apple becoming dividend play?
      492 20 EDITORIAL ONE of the key takeaways from Apple’s recent second quarter fiscal 2013 earnings call is that going forward, shareholders may view the company increasingly as a defensive dividend play and less as a high growth technology stock. Apple’s net profit dropped for the first time
      492 words
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      Lock icon In the long run, macro economic policy is dead
      751 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE International Monetary Fund recently held a conference that should concern most people despite its arcane subject “Rethinking Macro Policy II”. Macroeconomics is the study of the entire economy, as opposed
      The Washington Post Writers Group  -  751 words
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      Lock icon Pakistan’s next govt faces tough economic challenges
      919 20  -  Given current mistrust, IMF may strike a harder bargain for a new bailout package By SAJJAD ASHRAF The writer was Pakistan’s high commissioner to Singapore from 2004 to 2008 and is now an adjunct professor at the Lee Kuan Yew School of Public
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    • Article, Illustration
      Lock icon What Kuroda’s tactics mean for Japan
      2410 21 BANK of Japan (BOJ) governor Haruhiko Kuroda left financial markets in a state of “shock and awe” on April 5 when he announced radical monetary-easing measures that eclipsed even those of the United States and Europe in (GDP-relative) size and scope. He promised to
      PHOTOS: BLOOMBERG, THE STRAITS TIMES  -  2,410 words
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  • Article
    Lock icon SHIPPING TIMES
    1457 22 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/New
    1,457 words
  • Page 22 Advertisements
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      80 22 Shipping lines! Canthey seeking reliable I find your logistics partners I the I Shipping I Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 PLACE YOUR AD HERE The Business Times Shippii
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3198 23 Transaction date: Apr 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 98 59 ABR Hldgs 71cd unch 1 71 71 71 72.5 1.2 43.7 1.8 142.6 Vol Day
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      Lock icon SGX CATALIST
      256 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 1.7 unch 1515 1.8 1.7 1.7 1.8 27 Vol Cooo) Day High Last Quote Low Buyer
      256 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10417 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FuncfCI A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Smaller Cos!' 2.0255/ EM local Ccy Bond 1 0186/ European Opportunities!’’ 1.1503/ Global Emerging Markets!" Global Opportunities/*' 0.9345/ Global Opportunities
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      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A37.5co +0.5 74 37.5 35.5 37 38 3.6 9.3 3 97.7 50 30 Genting HK US$ US49.5 +2 ***** 50 47.5 49 49.5 3259.3
      262 words
    • Article
      Lock icon SGX ETF
      967 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 120 +1 4 120 120 118.5 120 547.8 136.8 120.4 CIMB APAC Div 100S$D 136.8 +1.8 31 136.8 135.6 136.4
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      634 25 Apr 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.46 *****.78 Jun13 *****.00 *****.00 *****.00 *****.00 *****8 *****5 Sep13 *****.00 *****.00 *****.00 *****.00 343 4051 MSCI TAIWAN INDEX FUTURES SPOT 285.44 288.45 285.44 Apr13 285.90 288.90 285.00 288.40 ***** *****5 May13 285.50
      634 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Apr 23 Index Change Change Change Change Change Change World Preliminary 1035.5 1.2 10.4 1.3 9.6 1.2 7.9 EAFE Preliminary 862.9 1.5 11.4 1.6 7.6 1.5 5.9 Europe Preliminary 1219.9 2.4 6.3
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Apr 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.053 6.339 0.792 7.967 55.635 99.711 1.020 11.474 3.133 1.212 100.912 42.363 1.274 9.463 0.972 30.599 29.680 0.673 1.026 Canada 0.950 6.020
      471 words
    • Article
      Lock icon SIBOR
      68 25 Apr 24 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      136 25 Apr 24 GOLD(US$/oz) Apr 24 Apr 23 Hong Kong 1436.00 1430.00 Apr 23 Apr 22 London 1409.50 1423.86 1410.25 1424.63 Source: Thomson Reuters CAST BAR Apr 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 128 57 5gm 364 284 10gm 650 568
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 25 Apr 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 26-Jul-13 0.24 6-Month BS*****W 18-Oct-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.1 5-Year N*****0T 2.375 01-Apr-17 100.06
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    • Article
      Lock icon PALM OIL
      57 25 Apr 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2266.0 2285.0 2300.0 2263.0 451 3213 Jun 13 2276.0 2296.0 2311.0 2264.0 2240 ***** Jul 13 2271.0 2289.0 2304.0 2260.0 ***** ***** Aug 13 2274.0 2285.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Apr 24 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2733 1.2745 1.0259 1.0263 Canadian dollar 1.2092 1.2103 0.9747 0.9742 Euro 1.6087 1.6100 1.2961 1.2965 NZ dollar 1.0506 1.0516 0.8464 0.8468 Sterling pound 1.8920 1.8935 1.5243
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    • Article
      Lock icon CHICAGO BOT
      108 25 Apr 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1419.75 1417.25 1430.00 1417.00 Jul 13 1358.50 1364.25 1371.50 1353.00 Aug 13 1298.75 1309.50 1315.75 1293.00 Sep 13 1236.50 1243.00 1249.00 1230.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
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    • Article
      Lock icon LIFFE
      94 25 Apr 23 COCOA (£/tonne) Close Prev High Low May 13 1551 1541 1570 1547 Jul 13 1550 1537 1569 1545 Sep 13 1555 1542 1574 1550 Dec 13 1555 1542 1572 1549 COFFEE(US$/tonne) Close Prev High Low May 13 1979 2060 2055 1970 Jul 13 2011 2082 2076 2005
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      926 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Albedo Limited W*****9 0.8 unch ***** Conv Ratio Asiatravel.com HoldingsW*****7 1 unch 5 1 25 15 Asiatravel.com HoldingsW*****5 1.3 unch 5 1 27 39 BakerTech W*****5 16.8 unch 931 1 27
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Apr 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.02 0.01 WTI (Near Mth) 89.01 0.03 Dubai (1-Mth F) 97.42 -0.56 Tapis blend 103.07 -1.11 Minas 98.57 -1.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 90.44 -0.28 Jet Kerosene 111.39 -0.26 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Apr 24 S$ Bid Offer 1-month 1.2412 1.2418 2-months 1.2411 1.2418 3-months 1.2411 1.2419 6-months 1.2408 1.2421 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      67 25 Apr 23 Apr 23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1868.00 1865.25 3 months 1896.00 1893.00 Copper, Grade A(US$/tonne) Cash 6842.00 6906.50 3 months 6870.00 6935.00 Lead(US$/tonne) Cash 1994.50 1988.75 3 months 2015.00 2010.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Apr 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.237 1.179 Euro 1.651 1.573 Sterling pound 1.927 1.853 NZ dollar 1.081 1.020 US dollar 1.266 1.206 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 25 Apr 24 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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 0.60 0.40 9 months 0.75 0.55 12
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Australians turning to auctions to sell homes
      1715 26 Low interest rates fuel demand for properties in Sydney, Melbourne Bloomberg [SYDNEY] Australians selling properties increasingly are turning to auctions as interest rates matching the lowest in 50 years fuel demand for homes in the country’s largest cities. In Sydney, the most-pop-ulous city,
      Bloomberg; PHOTO: BLOOMBERG  -  1,715 words
    • Article
      Lock icon Househunt
      861 26 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN MARCH 27 AND APRIL 2, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 28/03/2013 99 1012 1992 1969 Altez Apt 02/04/2013 99 549
      861 words
    • Article, Illustration
      Lock icon Paya Lebar freehold site up for sale
      365 27  -  The site has a land area of 53,073 sq ft, with a gross plot ratio of 2.1 By LIM JIA YING A 55-UNIT residential development near Guillemard Road and Paya Lebar Road has been put up for collective sale by tender by Jones
      365 words
    • Article
      Lock icon Taxes deter home buyers in France
      994 27 Low interest rates, attractive terms fail to lure borrowers Bloomberg [PARIS] At least one in four Paris apartments listed by realtor Agence Etoile can’t be sold, even with mortgage rates at record lows, as buyers and sellers fail to agree on price, the company’s
      Bloomberg  -  994 words
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      Lock icon Turning point for office market
      1164 28  -  CHRIS MARRIOTT and ALAN CHEONG say conventional wisdom is being challenged by low interest rates, non-CBD supply CHRIS MARRIOTT, ALAN CHEONG Christopher JMarriott is CEO, Savills South-east Asia. Alan Cheong is senior director of Research Consultancy, Savills Singapore. AMONG the major sectors of the local
      Source: Savills Research & Consultancy; Source: MAS, Savills Research & Consultancy; FILE PHOTO  -  1,164 words
    • Article, Illustration
      Lock icon 65 retail units at Hougang project sold during preview
      518 30  -  Some 40 of the 160 residential units in The Midtown mixed development also find takers By KALPANA RASHIWALA OXLEY Holdings and Lian Beng sold about 60 per cent or 65 of the 107 retail units of The Midtown develop- ment in
      518 words
    • Article
      Lock icon 20 builders to win record 31 BCA awards
      294 30  -  It reflects ‘significant improvement’ in standards, it says By BENJAMIN AW TWENTY builders in Singapore will receive a record high of 31 awards for their work from the Building and Construction Authority (BCA). This year’s Construction Excellence Awards recognise their project management,
      294 words
    • Article, Illustration
      Lock icon Raimon Land eyes S’pore as launch pad
      505 31  -  SET-listed developer gearing up to expand outside Thailand By MINDY TAN mon Land this year, said: “Singapore is well-posi-tioned to extend the company’s plans to venture outside of Thailand. “Given the country’s highly-educated and savvy investors in the property market, it is considered
      505 words
    • Article, Illustration
      Lock icon Innovative showflats for Sant Ritz
      485 31  -  Portable modular show suite is green and cost-effective By NATHANIEL CHEW PROPERTY developer Santarli Management Services quietly debuted a fresh idea in show suites two weeks ago. The suite for its condo project off Upper Serangoon Road is made up of modular units which can
      485 words
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      Lock icon Page 27 Advertisements Column 1
      378 27 SUNSHINE PLAZA Strata Office Units for Sale Unit size from 484 sq ft Exclusive office reception lobby Within walking distance to Dhoby Ghaut, Bugis, Bras Basah and the future Bencoolen MRT stations Prices start from $990k No restriction on foreign ownership Excellent for investment or own use Contact:DTZ Investment Advisory
      378 words
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      305 28 SPRINGLEAF TOWER Strata Office Floor For Sale r 3S ->e 3$ r *C« i Tanjong Pagar MRT Station Ideal for end users Very high quality office finishes Car parking Car drop-off point Entire floor for sale Strata Area approximately 10,333 sq ft Co-broke welcome Low Choon Sin CEA Reg No.:
      305 words
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      Lock icon Page 28 Advertisements Column 2
      119 28 382 K Johor Iskandar Property Preview Seminar 28th April Sun Introduction to Iconic Tallest residential building in Sin M'sia Luxury condo 3/4 bedrooms from min 2199sqf SGD$4XXpsf 2 mins drive from Johor CIQ M'sia property rules policy Ujl*/ What is Iskandar about? Why Investors are rushing to buy Iskandar? Register
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      Lock icon Page 28 Advertisements Column 3
      157 28 RK The Premier Real Estate Agency GES CORPORATE TEAM WE PROVIDE A UNIQUE STRATEGY TO LANDED PROPERTY OWNERS AND FACILITATE THE MARKETING OF SALES 8 PURCHASES OF LANDED PROPERTY Visit GPSLanded.com Holland area 16,100 sq ft (Hidden Gem) Holland area 21,388 sq ft (Regular land) Holland area 15,200 sq ft
      157 words
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      Lock icon Page 29 Advertisements Column 1
      367 29 Trinity Tower SAVE UP TO £100.000 ON A LUXURIOUS INCOME PRODUCING APARTMENT MINUTES FROM CANARY WHARF vssm Tri n ity Tower MILLHARBOUR LONDON E 1 4 r-j -T. 3 _L r rr I- •>r^r USA s-rurs »r aeg n i —sWllllllUllll Hi .1I? Morgan 'X"~ 4U4 VWHUJ 9!> ET =5
      367 words
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      Lock icon Page 30 Advertisements Column 1
      587 30 AS<v NN> N '■> Nr V > -III i|3sj iiJS SOUTHBANK UNITS FOR SALE Rare offering of 28 commercial SOHO units Riverfront location along North Bridge Road CBD fringe 2 minutes walk to Lavendar MRT station Rejuvenating location surrounded by Upgraded Rochor Canal, future Kallang iPark, Kallang Riverside upcoming Sports
      587 words
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      Lock icon Page 30 Advertisements Column 2
      219 30 NASSIMROAD Real value in a changing world Most coveted Good Class Bungalow Area Highly elevated with commanding views Regular-shaped land; Broad frontage Tender Closing: 16 May 2013 (Thursday), 2.30pm Carin Puah ceano.roztsqsb aaaa AOOA Tay Liam Hiap ceano R*****0Z 1\\ {XXX Karamjit Singh ceano. R*****5D \imm\J VvUU Jones Lang LaSalle
      219 words
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      208 31 Corals At Keppel Bay Luxury Urban Marina Living Exclusive 366 units For preview appointment, call: 9786 2726 Justin Koh CEA Reg. No. R*****5F 23 I tlfiM HS121 HAMILTON GRAND ST ANDREWS is r ju IS m m mi ni ifi: 'iftrjj is ii 1 i# jgnsiw ?n'i Sfij- m HR
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      277 32 .-G K 4 v.; aas/r K m a* «sr 4 rf mm -t mMC mt m tfr. •LL iir m ■*> M >■ m r L *A M *5. P i#-? np T. r--U ■P’jSk S£ US ression artist’s »rop ■M &Si a §0 levy W rtWlW z «jg m\«
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