The Business Times, 9 May 2013
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2013-05-09
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The Business Times
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Title Section25 2013-05-09 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, May 9, 201325 words
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Article, Illustration737 2013-05-09 1 KENNETH LIM - Rules may raise demand for issuers and breathe new life into the retail bond segment By KENNETH LIM [SINGAPORE] Singapore Exchange (SGX) is mulling over new regulation that could let issuers turn wholesale bonds into more retailfriendly products after “seasoning” the debt on the secondaryPHOTO: BLOOMBERG - 737 words
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MARKETS DIGEST
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Article65 2013-05-09 1 GST INDEX 3,413.02 (+29.86) GST INDEX FUTURES 3,405.00 (+31.00) GSIMSCI 386.05 (+3.06) GSIMSCI FUTURES 385.30 (+3.40) US$ S$ US$ (S$ per US$) 1.231 (US$/S$ per 1.548 1.905 EURO (US$/S$/€ 1.309 1.611 Foreign currency per US$ S$ YEN 98.80 80.30 RM 2.969 2.412 HK$ 7.761 6.307 BAHT 29.48 23.95 RUPIAH65 words
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Article48 2013-05-09 1 Wednesday Change KL COMP 1,774.00 -2.73 NIKKEI 225 14,285.69 +105.45 HANG SENG 23,244.35 +197.26 SET INDEX 1,614.15 +13.00 JAKARTA COMP 5,089.33 +46.55 MANILA COMP 7,181.30 +35.18 SEOUL COMP 1,956.45 +2.10 SHENZHEN B 845.90 +3.23 MUMBAI IND 19,990.18 +101.23 12noon EDT Change DOW 15,072.06 +15.86 NASDAQ 3,410.33 +13.7048 words
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Article21 2013-05-09 1 SINGAPORE MALAYSIA MALAYSIA 6.55 INDONESIA 5.00 INDONESIA 13.303 KOREA 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg21 words
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Article, Illustration936 2013-05-09 1 ROB CURRAN - Stock market seems to be taking off from firm base, not blind hope By ROB CURRAN WHAT began as a rally built on hope is gradually finding a firm foundation. Last week, the cornerstones of the US economy and stock market936 words
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Page 1 Advertisements
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Advertisement88 2013-05-09 1 COMPANIES Oilseeds, grains hold up Wilmar earnings PAGE 6 PROPERTY Ex MP Cynthia Phua joins Knight Frank PAGE 31 WTA CHAMPIONSHIPS Big tourism bucks for local economy PAGE 11 COMMENTARY Europe must change course, says Vikram Khanna PAGE 23 **********04 CHOPARD BOUTIQUES #01 -03 Takashimaya S.C., Tel. 6733 8111 B188 words
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TOP STORIES
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Article565 2013-05-09 2 SGX mulls ‘seasoning’ retail-friendly bonds SINGAPORE Exchange is mulling over new regulation that could let issuers turn wholesale bonds into more retailfriendly products after “seasoning” the debt on the secondary market, industry sources said. The move is seen as an attempt at breathing life into the secondary bond565 words
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465 2013-05-09 2 NISHA RAMCHANDANI - EDBI-backed vaccine maker will cost up to US$250 million By NISHA RAMCHANDANI [SINGAPORE] EDBI-backed vaccine developer Inviragen Inc is being acquired for up to US$250 million by Japanese pharmaceutical firm Takeda Pharmaceutical Company and its whol-ly-owned subsidiary Takeda America Holdings Inc. The acquisition covers an upfront465 words
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Article, Illustration643 2013-05-09 2 Roberto Azevedo will be the first director-general from Latin America Bloomberg [RIO DE JANEIRO] The selection of Brazil’s Roberto Azevedo as the next head of the World Trade Organization may help ease emerging markets’ resistance to removing barriers as part of globalBloomberg; AFP FILE PHOTO - 643 words
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674 2013-05-09 2 Reuters [BEIJING] China’s exports and imports grew more than expected in April, offering the possibility of a better outlook for the world’s sec-ond-largest economy. But the figures failed to put an end to scepticism that financial manoeuvring by exporters and speculative capital inflows are maskingReuters - 674 words
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Article, Illustration563 2013-05-09 2 Bloomberg [LONDON] Alex Ferguson will retire as Manchester United’s most successful manager after 26 years, leaving vacant one of the highest-profile jobs in soccer. The 71-year-old Scot, who guided United to 38 trophies, including its record-extending 20th English league title last month,Bloomberg - 563 words
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Article, Illustration700 2013-05-09 4 S JAYASANKARAN - Large protest gathering in Petaling Jaya mostly peaceful By S JAYASANKARAN in Kuala Lumpur OPPOSITION leaders headlined an enormous gathering in Petaling Jaya last night to present what Malaysian opposition leader Anwar Ibrahim said was evidence of widespread fraud in Sunday’s election. ThePHOTO: REUTERS - 700 words
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259 2013-05-09 4 AFP [KUALA LUMPUR] Malaysia said yesterday that exports sank 2.9 per cent in March from a year earlier due to poor demand from the US and Japan, hurting shipments of palm oil as well as electrical and electronic products. March exports were valued atAFP - 259 words
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337 2013-05-09 4 SAMUEL EE - By SAMUEL EE [SINGAPORE] As expected, COE premiums for cars remained stable, with the small car category rising slightly and the big car category slipping a little. In yesterday’s bidding exercise for certificates of entitlement, Category A (for cars below 1,600cc) rose337 words
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Page 2 Advertisements
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Advertisement222 2013-05-09 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, 2014 Jan 20, Feb 12 27 r r C Port-of-call: Kuala Lumpur (Port Klang) Ir t 4/5-NIGHT ISLES OF SOUTHEAST ASIA CRUISE MARINER OF THE SEAS Departures: Jun 4, Nov 10222 words
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Advertisement107 2013-05-09 2 MALAYSIA INSIGHT FORUM Change What it Means for Business in Malaysia Singapore: 6 June 2013, Marina Mandarin Hotel Sustaining Economic Resilience Business Growth in a New Landscape Organised by bluetrack www.bluetrackcentre.com In Association with Get insights on what is expected to be a transformed business climate in Malaysia. Speakers from107 words
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Advertisement173 2013-05-09 5 INTRODUCING A NEW BUSINESS EXPERIENCE. jjifir r® A "Sir I Samsung is elevating your business to the extraordinary standards you’ve come to expect in your everyday life. People everywhere are enjoying the benefits new technology brings to their everyday lives but are slow to experience these advances in the business173 words
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COMPANY NEWS
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Article, Illustration694 2013-05-09 6 ANDREA SOH - Net profit grows 23% to US$315.4m in Q1 with better conditions in China By ANDREA SOH A MARKEDLY better performance in Wilmar’s oilseeds and grains business in China bolstered earnings in the first quarter. Net profit attributable to shareholders for the firm rose 23.3694 words
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480 2013-05-09 6 MINDY TAN - By MINDY TAN FAR East Hospitality Trust posted an income available for distribution of $22.1 million for the first quarter ended March 31, 2013, beating its forecast of $21.7 million by 2 per cent. This translates to a distribution480 words
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426 2013-05-09 6 MINDY TAN - Fund on lookout for further investment opportunities By MINDY TAN ARA Asset Management posted a net profit of $16.8 million for the first quarter ended March, dropping 16 per cent from $20 million the previous year while total revenue fell 6426 words
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Article, Illustration541 2013-05-09 6 LYNN KAN - By LYNN KAN SEMBCORP Industries recorded net profit for the first quarter of 2013 of $176.9 million, little changed from $176.7 million a year earlier. The group said the decline in profit from its Singapore utilities operations was partially offset by higher541 words
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385 2013-05-09 6 JOYCE HOOI - By JOYCE HOOI ROTARY Engineering Limited’s first-quarter net profit fell 20 per cent year-on-year to $2.5 million, as it fought to shake off its dismal previous financial year which was marked by losses and project delays. Revenue for the three months ended March385 words
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277 2013-05-09 6 VEN SREENIVASAN - By VEN SREENIVASAN OXLEY Holdings’ bond issue has been oversubscribed some 17 times by investors rushing to load up on the debt of the fast-growing property company with a huge order book backlog. BT has learnt from arranger UOB bank that the 100-million launch received277 words
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695 2013-05-09 9 ANGELA TAN - Its shares trade heavily after it reveals plans to buy two M’sia developers for $210m ANGELA TAN SINGAPORE-LISTED AusGroup Limited sprang to life yesterday to become one of the top 20 most actively traded stocks. This happened a day after it revealed plans695 words
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Article376 2013-05-09 9 CAI HAOXIANG - By CAI HAOXIANG WBL Corporation reported a loss of $11.4 million for its second quarter ended March 31, 2013, following a net profit of $20.1 million for the corresponding period a year ago. Its luxury-car distribution business was a bright spot, contributing higher376 words
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333 2013-05-09 9 CARINE LEE - By CARINE LEE BREADTALK Group’s net profit for the fiscal first quarter ended March 31, 2013, rose 14.9 per cent to $1.62 million from $1.41 million a year earlier. Broad-based growth across all business segments helped the local bakery, restaurant and food court333 words
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165 2013-05-09 9 LIM JIA YING - By LIM JIA YING AUSGROUP has been awarded a contract extension for further fabrication work on the Gorgon Project, one of the world’s largest natural gas projects and the largest single-re-source natural gas project in Australia’s history. The contract from Chevron is worth approximately A$13.6 million165 words
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Article292 2013-05-09 10 MA XIANGYU - $3.92m earnings come as revenue rises 29% to $45.3m By MA XIANGYU LISTED infrastructure company Tiong Woon Corporation Holding Ltd posted a net profit of $3.92 million for its fiscal third quarter, compared with a net loss of $373,000 a year earlier. Revenue292 words
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307 2013-05-09 10 MINDY TAN - By MINDY TAN INVESTORS have overwhelmingly backed the listing of Croesus Retail Trust (CRT), with the total placement tranche and public offer 22.4 times subscribed. The trust manager, Croesus Retail Asset Management, said this last night after it successfully completed its initial public offering307 words
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330 2013-05-09 10 FELDA CHAY - By FELDA CHAY PROPERTY development Sing Holdings Ltd’s firstquarter net profit more than doubled to $15.8 million from $7.1 million a year ago, on higher revenue recognition from its freehold development project, The Laurels, at Cairnhill Road. Revenue for the three months ended330 words
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416 2013-05-09 10 LYNN KAN, NG SAI YING - By and LYNN KAN, NG SAI YING PACIFIC Andes Resources Development has reported a 3 per cent drop in net profit attributable to owners of the company in its second quarter ended March 28 to HK$322.2 million (S$51 million) from HK$333416 words
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193 2013-05-09 10 AMANDA TAN - By AMANDA TAN ASL Marine Holdings posted a net profit of $9.62 million for its third quarter ended March 31, up 21 per cent from $7.96 million a year ago. The group, an integrated marine company, achieved a 17.6 per cent rise193 words
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Advertisement49 2013-05-09 6 HOT PROPERTY M64s/ N S\ £ed F/,UrnoS feeing, 11 SHERWOOD Tl/Vff e ni Reno @$4o« no kite hen, curtains M L bathrm Immed urta,ns face pool POOL FACILITIES Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT* SELL IT* FIND IT49 words
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Advertisement58 2013-05-09 6 Where the brightest minds and best solutions converge a a c ASIA 10-12 JULY 2013 Marina Bay Sands, Singapore Singapore’s only dedicated office solutions and business event Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sp!l Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 593858 words
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Advertisement294 2013-05-09 7 the cour nouse swi LONDON’S MOST ANTICIPATED APARTMENTS LAUNCHING SOON. Located just moments from the London Eye and Big Ben Houses of Parliament Buckingham e counnouse swi London Eye xid x j m iu x icao in m •V i TTtr'nt frf JOIN US FOR AN EXCLUSIVE PREVIEW Date: 10th294 words
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SINGAPORE MARKETS
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Article, Illustration606 2013-05-09 8 R SIVANITHY - Banks, SingTel and commodity stocks drive ST Index’s 29.9-point increase STOCKS R SIVANITHY Senior Correspondent A FIRM overnight Wall Street and China’s better-than-expected export and import data yesterday helped add 29.86 points to the Straits Times Index (STI) at 3,413.02, a gain that wasSource: Bloomberg - 606 words
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Article73 2013-05-09 8 May 8 VALUE CLOSE BT OB/OS 265.00 +265.00 BT CADI -*****.00 +124.00 BT 10-day MA -*****.00 +26.00 FTSE ST Mid Cap 840.11 +4.50 FTSE ST Small Cap 591.65 +2.92 FTSE ST All Share 839.94 +6.66 FTSE ST China Top 218.48 +1.07 FTSE ST China 247.73 +1.11 FTSE73 words
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Article55 2013-05-09 8 VOLUME Equation 137,119,000 WE Hldgs 134,796,000 NexGenSCom 102,874,000 Magnus 100,274,000 Innopac 85,452,000 Contel 79,448,000 Ntegrator 69,077,000 Thai Beverage 65,059,000 HanKore 60,438,000 Genting SP 57,534,000 VALUE($) DBS Grp 139,014,500 Keppel Corp 109,187,890 Genting SP 86,537,260 SingTel 79,327,690 Wilmar 67,817,020 UOB 65,933,270 CapitaLand 60,214,724 Noble Grp 59,363,464 OCBC Bk55 words
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Article186 2013-05-09 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 3 8 0 0 0 4 3 8 Manufacturing 62 37 50 5 10 11 67 47 61 Commerce 25 17 18 6 3 4 31 20 22 Tpt/Stor/Comms 19 14 11186 words
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Article123 2013-05-09 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 33,940 33,940 147,510 147,510 Manufacturing 499,884 245,384 745,268 311,764 9,278 321,041 Commerce 254,975 173,708 428,683 149,097 15,281 164,377 Tpt/Stor/Comms 141,134 16,913 158,047 207,012 6,084 213,096 Finance 130,566 1,573 132,139 297,330 807 298,138 Construction 160,348 30,518123 words
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BROKERS’ TAKE
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Article, Illustration309 2013-05-09 8 May 8 close: $0.57 DBS Group Research, May 8 Q1 2013 was hurt by higher interest expenses and taxes. A net profit of 61.5 million yuan or $12.3 million (-20 per cent y-o-y, -25 per cent q-o-q) was 10 per cent below forecast despite higher sales. If 5.3Source: Bloomberg - 309 words
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Article387 2013-05-09 8 May 8 close: $4.37 OCBC Investment Research, May 8 ST ENGINEERING (STE) reported Q1 2013 results that were generally in line with our and consensus expectations. Revenue grew 0.2 per cent y-o-y to $1.54 billion, and Patmi (profit after tax and minority interests) fell 0.3 per cent y-o-y387 words
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Article271 2013-05-09 8 CAI HAOXIANG - Compiled by CAI HAOXIANG May 8 close: $0.775 CIMB Research, May 7 DESPITE an impairment loss from a fire at one of its factories, Hi-P reported better-than-expected Q1 2013 results as its product mix improved and material costs fell. The outlook has turned sunny once again and we271 words
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Article114 2013-05-09 8 Stock name Close Change CapMallsAsia 2.030 CapitaLand 3.760 +0.100 CapitaMall 2.370 -0.010 CityDev 11.39 -0.040 ComfortDelGro 1.980 -0.010 DBS Grp 17.70 +0.290 GLP 2.850 -0.050 Genting SP 1.525 +0.035 Golden Agri 0.540 +0.005 HK Land 7.420 +0.010 HPH Trust US$ 0.825 -0.005 JMH 67.49 +2.270 JSH114 words
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Article, Illustration491 2013-05-09 8 CURRENCIES Bloomberg [LONDON] New Zealand’s dollar yesterday fell to a five-week low against its US counterpart after Reserve Bank of New Zealand (RBNZ) governor Graeme Wheeler said that the central bank has sold the currency and may do so again to boost exports. TheBloomberg; PHOTO: BLOOMBERG - 491 words
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Article114 2013-05-09 8 BY CENTS CLOSE UP DBXT iBoxxUSTr 5US$ ***** 339.6 1.3 JMH 6749 279.3 3.5 Lyxor ThaiSET 10US$ ***** 203.0 1.1 IS S&P500 ***** 109.5 0.5 Lyxor US DJIA 10 US$ 1530 83.7 4.7 DBXT MSTHAI 10US$ 2364 78.8 2.8 DBXT FTChina25 10US$ 2935 61.5 1.7 Total Access 430 57.8114 words
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Article123 2013-05-09 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -489.0 -1.8 GLD 10US$ ***** -40.6 -0.2 DBXT S&P Short 10US$ 3019 -36.9 -1.0 Hyflux 6% CPS 10 ***** -20.0 -0.2 UOB.ES.1305 2175 -19.0 -0.9 Jardine C&C 4760 -15.0 -0.3 CIMBAsean40 100US$ 1167 -13.5 -0.9 B Sembawang 709 -5.0 -0.7 FrasersCT123 words
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Page 9 Advertisements
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Advertisement156 2013-05-09 9 E LTA NOT JUST ANY FLAT-BED SEATS. THESE ARE DELTA'S FLAT-BED SEATS. The airplane is an ideal place for you to recharge between where you're coming from and where you're going. That's why Delta Air Lines BusinessElite® flat-bed seats let you lie perfectly flat at 180 degrees. You can also156 words
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Page 10 Advertisements
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Advertisement246 2013-05-09 10 Never Hit Another The Road STCars is now available on Android iPhone for FREE! m T .i: 78% Guides Articles T 14:32 New Cars Ike-through Merc Samuel Ee lished; 2013-01-26 Ferrari FF 6.3 (A) Ital Auto $1,115,000 awing re- lory Featured New Cars Gallery Features •v ariaa 105/- bhp/rpm SUV246 words
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SINGAPORE NEWS
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617 2013-05-09 11 GRACE LEONG - But she’s savvy, high net worth individual, says defence lawyer By GRACE LEONG ANOTHER case alleging UBS mis-sold complex financial products to linguistically illiterate customers has made it to trial in the High Court. The issue of boilerplate liability exclusion clauses found in617 words
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SINGAPORE ROUNDUP
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106 2013-05-09 11 IN a move that will affect all automated teller machine cardholders in Singapore, retail banks here have begun replacing magnetic stripe ATM cards with new ones that contain an embedded chip as a better safeguard against fraud. Protected by cryptographic encryption, the new chip106 words
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72 2013-05-09 11 THE Singapore Island Country Club (SICC) has raised $764,653 for beneficiaries from various local charity organisations. Into its 42nd edition this year, the SICC May Day Charity campaign included a golf tournament and a gala dinner graced by President Tony Tan. The dinner, held72 words
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Article, Illustration569 2013-05-09 11 LEE U-WEN - STB sees event netting about $15m in tourism receipts for each instalment SINGAPORE’S HOSTING OF WTA CHAMPIONSHIPS By THE LEE U-WEN THE world’s best women’s tennis players are coming to town next year, and the Singapore government hopes that this will spell big bucksPHOTO: REUTERS - 569 words
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343 2013-05-09 11 ANGELA TENG - They beat Japanese with US$262 average monthly bill By ANGELA TENG SINGAPORE consumers have overtaken their Japanese counterparts as the region’s top spenders on dining. The results of a MasterCard survey of Asia-Pacific consumers’ dining habits unveiled yesterday indicated that Singapore diners343 words
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348 2013-05-09 11 BENJAMIN AW - Charitable giving more than trebled to $692m in 2011 from $206m in 2001: report By BENJAMIN AW ENTREPRENEURIAL philanthropy is on the rise in Asia, riding on a wave of social entrepreneurship and an emergent generation of philanthropists. This is according to a working paper348 words
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370 2013-05-09 11 MA XIANGYU - Just 29% of S’pore families upbeat about outlook: poll By MA XIANGYU ASIAN business families are optimistic about growth this year, with the majority of them believing their growth to be tied to business in Asia. A survey by UOB and the370 words
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Page 11 Advertisements
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Advertisement99 2013-05-09 11 WWW.LIVEMINT.COM mintasia Weekly Analysis of the Indian Economy and Markets O I STARTED MY FIRST BUSINESS AT THE AGE OF 18 0 I STUDIED AT HARVARD BUSINESS SCHOOL 0 I HAVE A NET WORTH OF AROUND USD 11 BILLION WHO AM I? i i NDIA IN 2013-14 r LIES M99 words
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MALAYSIA/INDONESIA
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Article, Illustration663 2013-05-09 12 it agrees to pay US$850m to owner Eike Batista who is unloading assets Reuters [KUALA LUMPUR] Malaysian state oil firm Petronas has agreed to pay US$850 million for a stake in a Brazilian offshore oil field, bolstering its billionaire owner EikeReuters; PHOTO: BLOOMBERG - 663 words
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575 2013-05-09 12 At stake is US$10b of deals targeting Indonesia: bankers WP [SINGAPORE] Choi Chang Sik, head of Hana Financial’s Indonesian banking unit, says a takeover in South-east Asia’s most populous country would be worth paying top dollar for. South Korea’s third-larg-est lender could become oneWP - 575 words
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290 2013-05-09 12 Reuters [CHICAGO] Agribusiness giant Cargill Inc has begun building a US$100 million cocoa processing facility in Indonesia to meet growing demand in Asia for chocolate and other cocoa products, the company said on Tuesday. This plant, which is expected to open by mid-2014,Reuters - 290 words
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Advertisement85 2013-05-09 12 V.< Fy I COFFEE AND NVERSATION BETUUEE DECISIONS, DECISIONS. Cafes one on every floor offer pause from the rush of shopping. So when your feet tire, let your taste buds take over. Bakerzin Cafe Manuka Canele Patisserie Chocolaterie Dome Cafe O'Coffee Club PODI by Cedele Cedele Bakery Cafe PS.Cafe Starbucks85 words
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GREATER CHINA
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Article, Illustration615 2013-05-09 13 Data points to hot money flows in Q1 of US$181b, rising property prices Reuters [SHANGHAI] China’s central bank may be preparing to change the way it manages monetary policy by reintroducing bills as a liquidity management tool for the first timeReuters; Shenzhen.PHOTO: AFP - 615 words
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Article, Illustration564 2013-05-09 13 Bloomberg [SAO PAULO, Brazil] China National Petroleum Corp, China’s largest oil producer, is in talks to acquire Barra Energia Petroleo e Gas, a Brazilian oil start-up, for about US$2 billion, people with knowledge of the matter said yesterday. The negotiationsBloomberg; PHOTO: REUTERS - 564 words
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Advertisement220 2013-05-09 13 est.l996 RANKED *3* FOR ROI Applied Learning Award-winning faculty Part-time Global Network Recognition Time Tested Asia Experience NEVER MISS WORK Only UB can bring you all the benefits that come from being Singapore’s First Executive MBA The University at Buffalo School of Management established the first Executive MBA program in220 words
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Advertisement190 2013-05-09 14 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Oversea-Chinese Banking Corporation Limited and the audited consolidated financial statements of the Croup for the financial year ended 31 December190 words
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INDIA
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Article, Illustration506 2013-05-09 15 Policymakers want to take advantage of rebound in stocks for better valuations Bloomberg [NEW DELHI] India plans to accelerate sales of state companies to meet the fiscal-year goal of 400 billion rupees (S$9 billion) by December, two Finance Ministry officials withBloomberg; PHOTO: BLOOMBERG - 506 words
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460 2013-05-09 15 Bloomberg [MUMBAI] India’s Ministry of New and Renewable Energy is seeking to defer penalties on about US$1 billion of solar-thermal power projects that are delayed by financing difficulties, equipment shortages and a lack of water. Seven projects totalling 470 megawatts inBloomberg - 460 words
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Page 15 Advertisements
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Advertisement1123 2013-05-09 15 Oversea-Chinese Banking Corporation Limited and its Subsidiaries (Incorporated in Singapore. Registration Number: *****0032W) Selected Notes to the Financial Statements for the financial year ended 31 December 2012 1. General Oversea-Chinese Banking Corporation Limited (“the Bank") is incorporated and domiciled in Singapore and is listed on the Singapore Exchange. The address1,123 words
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WORLD
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Article, Illustration639 2013-05-09 16 Lew also wants more for technology research, expand manufacturing base right direction.” Bloomberg, Reuters, AFP [WASHINGTON] US Treasury Secretary Jacob Lew called for changes in the tax code, more investment in technology and stronger manufacturers to accelerate the growth of theright direction.” – Bloomberg, Reuters, AFP - 639 words
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265 2013-05-09 16 Economic growth in April the worst since Sept 2011 Bloomberg [LONDON] Emerging-mar-ket economic growth was probably the weakest since September 2011 last month as global demand for manufacturing and services declined, HSBC said yesterday, citing a survey of purchasing managers. The HSBC Emerging MarketsBloomberg - 265 words
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308 2013-05-09 16 Offers include financial support and tax benefits Xinhua [SEOUL] South Korea plans to unveil a set of measures to boost venture companies in a bid to help them create jobs and bolster economic growth, the nation’s top economic policymaker said yesterday. “(The government)Xinhua - 308 words
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Article, Illustration626 2013-05-09 17 Stock awards also helped boost compensation for these finance chiefs Bloomberg [SAN FRANCISCO] Five of the 10 best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple to Google were rewarded for increasing profit, amassing cash and minimisingBloomberg - 626 words
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Article, Illustration439 2013-05-09 17 Reuters [BANGKOK] Rising rice output in Asia, due to favourable weather this year, and huge stockpiles in Thailand, will squeeze global prices in the second quarter of the year, according to a report from the Food and Agriculture Organisation (FAO) and industryReuters; PHOTO: REUTERS - 439 words
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373 2013-05-09 17 Reuters [WASHINGTON] Corporate auditors would be required to look more closely at insider business deals, like those used in many company frauds, under a rule the US audit regulator proposed on Tuesday. The Public Company Accounting Oversight Board’s rule takes aim at so-calledReuters - 373 words
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Article, Illustration676 2013-05-09 18 It will pay sellers including TPG Capital 9.2t rupiah for 24.3% of BTPN Bloomberg [TOKYO] Sumitomo Mitsui Financial Group has agreed to buy a stake in Indonesia’s PT Bank Tabungan Pensiunan Nasional (BTPN) from investors including TPG Capital for 9.2 trillion rupiah (S$1.16 billion)Bloomberg; PHOTO: REUTERS - 676 words
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356 2013-05-09 18 Bloomberg [FRANKFURT] German industrial production unexpectedly rose for a second month in March in a further sign that Europe’s largest economy is returning to growth. Production increased 1.2 per cent from February, when it gained 0.6 per cent, the Economy Ministry inBloomberg - 356 words
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473 2013-05-09 18 US$8b is smallest gain in consumer borrowing in 8 mths AP [WASHINGTON] Americans cut back on using their credit cards in March, suggesting that many were reluctant to take on highinterest debt to make purchases. Consumer borrowing rose just US$8AP - 473 words
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Article, Illustration377 2013-05-09 18 AFP [DHAKA] Bangladesh has shut down 18 garment plants for safety reasons after a building housing five of the factories collapsed and killed more than 800 people, a minister said yesterday. The move comes days after Bangladesh agreed with the International LabourAFP; PHOTO: REUTERS - 377 words
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347 2013-05-09 18 AFP [BRUSSELS] Police in Belgium, France and Switzerland have arrested 33 people and recovered “a large quantity” of diamonds and cash in a coordinated probe into a spectacular US$50 million diamond heist at Brussels airport. The Belgian prosecutor’s office said that a suspectedAFP - 347 words
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542 2013-05-09 20 Two top officials back efforts to overhaul governance of region’s banks NYT [BRUSSELS] The European Union’s halting effort to create a more unified banking system, which many experts consider necessary for avoiding future financial crises, has received fresh impetus. Two top European financeNYT - 542 words
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Article, Illustration553 2013-05-09 20 Reuters [BRUSSELS] Addressing an audience of dignitaries in Luxembourg in 2005, Bulgaria’s then prime minister extolled the virtues of European Union (EU) membership, declaring his nation ready to take its place at the heart of the continent. “Bulgaria is returning politically to the familyReuters; PHOTO:REUTERS - 553 words
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248 2013-05-09 20 Reuters [BERLIN] The European Central Bank is looking into buying bad loans from southern Europe to relieve the pressure on banks in cri-sis-stricken countries, the German newspaper Die Welt reported. The ECB wants to revive as-set-backed securities (ABS) which allow banksReuters - 248 words
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Article, Illustration489 2013-05-09 21 AFP [TOKYO] Toyota has announced that its full-year net profit more than tripled to US$9.7 billion, with the world’s largest carmaker adding that it was on track for another soaring profit in the current fiscal year. Yesterday, it said that it booked aAFP; PHOTO: BLOOMBERG - 489 words
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410 2013-05-09 21 Analysts say spurt looks divorced from fundamentals Bloomberg [SINGAPORE] The biggest rally in Asian currencies since September is a sell signal to two of the world’s biggest foreign-exchange trading firms as the region’s growth increasingly falls short of forecasts. The Bloomberg-JPMor-ganBloomberg - 410 words
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516 2013-05-09 21 Revenue increases in Africa and HK offset by weaker performance in Korea and Singapore Bloomberg [LONDON] Standard Chartered, UK’s second-largest bank by market value, yesterday said operating profit in the first quarter declined “slightly” as wholesale banking revenue fell. Revenue grew fromBloomberg - 516 words
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Page 16 Advertisements
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Advertisement1249 2013-05-09 16 SINGAPORE ISLAND BANK LIMITED (Incorporated in Singapore. Registration Number: I*****071R) IMPORTANT The financial information as set out below is an extract of the audited financial statements of Singapore Island Bank Limited (“the Bank") for the financial year ended 31 December 2012 (“the financial statements"). They do not contain sufficient information1,249 words
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Advertisement1873 2013-05-09 17 8* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LOW KENG HUAT (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) Registration No. *****0209G NOTICE OF FORTY-FOURTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Fourth Annual General Meeting of the Company will be held at 22 Dempsey Road, Singapore1,873 words
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Page 18 Advertisements
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Advertisement64 2013-05-09 18 THE PEAK SELECTIONS GOURMET TRAVEL 4 Eif Ai SMALL WONDERS Mini greens are the next big culinary trend CHEF CREATES CUTTING- I EXPERTS PICK THE "IT" I G RESTAURANT AWARDS: EDGE FOOD WITH SOIL TRAVEL DESTINATIONS HONOURING THE REST AND THEE BARK OF THIS YEAR I OF2013 A PUBLICATION OF64 words
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Advertisement27 2013-05-09 18 GOLD SEASON Jewellers see better response this Akshaya Tritiya Nagesh Kukunoor: Man who makes highemotion movies GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST27 words
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Advertisement164 2013-05-09 19 AS SIMPLE AS A,B,C 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: \Ei DIY OR EMAIL Simply visit any of our portals to self-register and place164 words
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Page 20 Advertisements
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Advertisement118 2013-05-09 20 RESTAURANT OF THE YEAR RESTAURANT ANDRE BEST NEW RESTAURANT ASIAN KAISEKI YOSHIYUKI BEST NEW RESTAURANT WESTERN POLLEN BEST BUSINESS LUNCH ASIAN YAN TING BEST BUSINESS LUNCH WESTERN GUNTHER’S RESTAURANT BEST DINNER EXPERIENCE ASIAN SHINJI BY KANESAKA BEST DINNER EXPERIENCE WESTERN IGGY’S BEST WINE LIST ASIAN JADE PALACE SEAFOOD RESTAURANT BEST118 words
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Page 21 Advertisements
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Advertisement164 2013-05-09 21 m Jr V, C? To r/yjl Jrj!/. m axe/ <^WCB0SS'* Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 Your ideal candidate, now one package deal away. Privileges you'll enjoy: Most reliable localised jobseekers database comprising Singaporeans and PRs Advanced matching technology provides you with resumes164 words
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EDITORIAL & OPINION
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461 2013-05-09 22 EDITORIAL WHAT do recent initiatives to raise productivity, the entry of a Singapore university into a global Top 10 list and a business leader’s appointment as professor have in common? They all reflect a recognition of a key requirement of a country wanting to stay relevant461 words
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Article, Illustration817 2013-05-09 22 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THE Asian Development bank cannot afford to be “too ambitious”, the bank’s new president Takehiko Nakao told me in an interview prior to his departure from Tokyo to take up his new817 words
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Article, Illustration980 2013-05-09 22 LEON HADAR - Conventional wisdom is that economy and job market will remain stalled for near future LEON HADAR Washington Correspondent THE US Department of Labor reported last Friday that the American economy added 165,000 jobs in April, beating the expectation of economists and investors whoPHOTO: AFP - 980 words
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Article, Illustration1094 2013-05-09 23 BRUNO LANVIN - Singapore has been able to sustain its world class ICT performance by thinking ahead and through innovation By BRUNO LANVIN The author is co-editor of the Global Information Technology Report 2012-2013 and executive director of INSEAD European Competitiveness Initiative SINGAPORE was recently ranked the second topFILE PHOTO - 1,094 words
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Article, Illustration1598 2013-05-09 23 VIKRAM KHANNA - VIKRAM KHANNA Associate Editor TODAY is Europe Day. It is supposed to mark an annual celebration of peace and unity in the European Union. But there is not a great deal of celebration going on, and for good reason. As Europe Days go, this one isPHOTO: REUTERS - 1,598 words
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AVIATION/SHIPPING
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Article, Illustration387 2013-05-09 24 Branding more important than ownership, says airline’s founder AFP [SYDNEY] Virgin Group chief Richard Branson has aired the possibility of selling his entire stake in budget carrier Virgin Australia, saying the airline’s branding is more important to him than ownership.AFP; PHOTO: BLOOMBERG - 387 words
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Article, Illustration388 2013-05-09 24 AFP [GENOA, Italy] Rescue workers were searching for survivors at the port of Genoa yesterday, after a container ship smashed into a control tower on Tuesday night in an accident that left three dead and revived painful memories in ItalyAFP; PHOTO: AFP - 388 words
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287 2013-05-09 24 Competition heats up as more insurers enter market Bloomberg [LONDON] Airlines will benefit from lower insurance costs after claims declined for a third year running as reduced accident rates and increased competition among insurers keep premiums down. Claims dropped 20Bloomberg - 287 words
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359 2013-05-09 24 Move comes as weakening yen spurs travel demand Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia’s biggest international carrier, is considering adding charter flights from Hong Kong to Japan as the weakening yen spurs travel demand. Cathay may offer the flights to so-calledBloomberg - 359 words
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396 2013-05-09 24 ANDY MUKHERJEE - By ANDY MUKHERJEE Reuters Ipl REUTERS BREAKINGVIEWS [SINGAPORE] The aviation industry’s incurable optimism is like a seatbelt sign for investors. That’s the conclusion of a Breakingviews study of global airline orders and economic growth. Aggressive aircraft orders have an inverse relationship withReuters; Ipl REUTERS BREAKINGVIEWS - 396 words
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Article237 2013-05-09 24 SGX '000 May 8 S$ +/-Vol CH Offshore 0.44 -0.02 461 Chuan Hup Hldg 0.27 0.01 360 Cosco Corp 0.82 0.01 4843 S$ Ezra Hldgs 1.02 0.06 ***** First Ship Lea Freight Links Grand Banks............unch unch 0 Jaya Hold Ltd 0.65 0.01 482 K1Ventures 0.16 unch 1122 Keppel237 words
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Page 24 Advertisements
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Advertisement12 2013-05-09 24 WWW. SINGAPOREBLOGAWARDS is B>ci Kl REGISTER YOURBLOGNOW! PRIZES WORTH. OVER $35,000? sgblogawards.omy.sg12 words
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Advertisement23 2013-05-09 24 LIANIIE ZAOBAO Second generation of bird nests trader innovates to keep business going ssHfiuimaiK i To subscribe, call 6388-3838 or go to sphsubscriptlon.com.sg23 words
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Page 24 Miscellaneous
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Miscellaneous334 2013-05-09 24 CRYPTIC CROSSWORD Across 1 Drunk uses straw? That’s a bit irritating! (6) 5 Isolated Greek character in society role (3,5) 9 Give cheeky response? It’s part of Andrew’s nature! (6,4) 10 Fortune not half! made by cheat in game (4) 11 Jump from island with exclamation of triumph (8) 12334 words
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Article1476 2013-05-09 25 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/New1,476 words
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Page 25 Advertisements
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Advertisement115 2013-05-09 25 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 H Can they U find your I services H here in the I Shipping Times? M The Business Times Shipping Times HD SHIPPING LINE CONVENTIONAL SERVICE ACCEPTING GENERAL PROJECT CARGO SINGAPORE TO JEBEL ALI/DAMMAM/KUWAIT VESSEL: M/V METROPOL115 words
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SINGAPORE STOCKS
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Article3279 2013-05-09 26 Transaction date: May 8 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 72xd unch 28 72 72 72 73 1.2 43.1 1.9 144.6 Vol Day3,279 words
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Article206 2013-05-09 27 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 ('000) Day High Last Quote Low Buyer Seller Div Gr Yld C'vr Net M Cap P/E Smil 21.5 15 t206 words
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Article10642 2013-05-09 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 1 0081/ Asian Smaller Cos!" .2 0695/ EM local Ccy Bond 1 0283/ European Opportunities!" 1.1956/10,642 words
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Article262 2013-05-09 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A40 +1.5 81 40.5 40 40 41.5 3.6 8.8 3.2 145.8 50 30 Genting HK US$ US49.5 +0.5 ***** 50 48.5 49.5 50 3259.3262 words
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Article936 2013-05-09 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 -1.2 29 120.2 119 119 120 543.2 136.8 120.4 CIMB APAC Div 100S$D 136.8 141.5 142.4 114.4 95.8 CIMB936 words
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FINANCE & COMMODITIES
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Article640 2013-05-09 28 May 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.20 *****.38 *****.83 Jun13 *****.00 *****.00 *****.00 *****.00 *****1 *****9 Sep13 *****.00 *****.00 *****.00 *****.00 57 3961 MSCI TAIWAN INDEX FUTURES SPOT 295.12 299.89 295.12 May13 295.70 300.70 295.70 299.90 ***** *****3 Jun13 295.90640 words
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379 2013-05-09 28 In local curr In S$ In US$ dy yr dy yr dy yr May 7 Index Change Change Change Change Change Change World Preliminary 1064.9 0.5 13.5 0.6 12.4 0.5 11.3 EAFE Preliminary 889.3 1.0 14.8 1.0 10.7 0.9 9.7 Europe Preliminary 1255.4 0.5 9.4379 words
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Article471 2013-05-09 28 May 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.257 0.778 7.907 55.166 99.139 1.007 11.067 3.024 1.214 100.321 41.602 1.254 9.215 0.958 30.036 30.031 0.658 1.019 Canada 0.976 6.106471 words
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Article66 2013-05-09 28 May 8 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid66 words
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Article135 2013-05-09 28 May 8 GOLD(US$/oz) May 07 May 08 Hong Kong 1470.10 1464.20 May 06 May 07 London 1468.01 1445.84 1468.78 1447.06 Source: Thomson Reuters CAST BAR May 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 130 58 5gm 368 288 10gm 658 576135 words
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Article89 2013-05-09 28 May 8 May TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 12-Aug-13 0.24 6-Month BS*****N 01-Nov-13 0.25 1-Year BY*****H 02-May-14 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.07 5-Year N*****0T 2.375 01-Apr-1789 words
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Article57 2013-05-09 28 May 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2269.0 2263.0 2290.0 2269.0 401 1805 Jun 13 2269.0 2283.0 2286.0 2269.0 1146 6859 Jul 13 2271.0 2289.0 2294.0 2266.0 ***** ***** Aug 13 2265.0 2286.057 words
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Article155 2013-05-09 28 May8 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2534 1.2542 1.0186 1.0191 Canadian dollar 1.2232 1.2238 0.9944 0.9940 Euro 1.6111 1.6117 1.3093 1.3096 NZ dollar 1.0326 1.0334 0.8392 0.8397 Sterling pound 1.9047 1.9054 1.5479 1.5482155 words
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Article121 2013-05-09 28 As at 9am May 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.283 1.222 Can dollar 1.250 1.202 Euro 1.650 1.572 Sterling pound 1.944 1.870 NZ dollar 1.067 1.026 US dollar 1.257 1.198 Local dollars to 100 units of foreign121 words
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Article157 2013-05-09 28 May 8 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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 12157 words
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1002 2013-05-09 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Cooo) Albedo Limited W*****9 0.7 unch 1007 Ratio Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 1.3 1 27 38 BakerTech W*****5 13.9 0.1 82 1 27 30 2.27 25 Best1,002 words
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Article109 2013-05-09 28 May 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1463.50 1444.50 1464.00 1445.00 Jul 13 1382.25 1369.25 1384.00 1367.50 Aug 13 1329.50 1317.00 1330.50 1315.75 Sep 13 1258.50 1249.75 1260.00 1247.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13109 words
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Article95 2013-05-09 28 May 7 COCOA (£/tonne) Close Prev High Low May 13 1563 1563 1570 1552 Jul 13 1570 1567 1576 1558 Sep 13 1577 1575 1582 1566 Dec 13 1580 1578 1586 1570 COFFEE(US$/tonne) Close Prev High Low May 13 1960 1980 1971 1947 Jul 13 2010 2020 2024 198095 words
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Article70 2013-05-09 28 CRUDE OIL PRODUCTS May 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.76 0.31 WTI (Near Mth) 95.62 -0.15 Dubai (1-Mth F) 101.86 0.39 Tapis blend 110.86 1.26 Minas 103.66 0.56 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.56 0.95 Jet Kerosene 116.08 0.49 US$/barrel OpecOil Basket70 words
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Article22 2013-05-09 28 May 8 S$ Bid Offer 1-month 1.2305 1.2307 2-months 1.2304 1.2307 3-months 1.2304 1.2307 6-months 1.2301 1.2310 Source: OCBC22 words
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Article65 2013-05-09 28 May 07 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1847.75 1847.00 3 months 1882.00 unch Copper, Grade A(US$/tonne) Cash 7238.75 7243.75 3 months 7265.00 7270.00 Lead(US$/tonne) Cash 2007.50 2021.25 3 months 2027.00 2038.00 Nickel (US$/tonne) Cash *****.50 *****.25 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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PROPERTY
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Article, Illustration794 2013-05-09 29 Record HK$ 18.8b in deals over 16 mths; occupancy costs 2nd highest globally Bloomberg [HONG KONG] Seeking to hedge against rising rents and a shortage of space, banks and insurers are on a record spree of buying office buildings inBloomberg; PHOTO: BLOOMBERG - 794 words
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273 2013-05-09 29 Bloom berg [NEW YORK] JPMorgan Chase Co’s asset management unit agreed to buy the 31-storey tower at 425 Lexington Avenue in midtown Manhattan for about US$650 million, a person with knowledge of the plans said. A contract to acquire the 750,000 square foot buildingBloomberg - 273 words
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Article1544 2013-05-09 29 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 17 WITH CONTRACT DATES BETWEEN APRIL 10 AND APRIL 16, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 10/04/2013 99 2067 6847 3313 The Clift Apt1,544 words
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Article, Illustration1294 2013-05-09 30 Dublin’s strategy is to sell foreign assets while waiting for rebound at home Bloomberg [DUBLIN] Brendan McDonagh travelled to Madrid last month brandishing a map with about 120 hotels. Unlike other visitors to the Spanish capital, they were all in Ireland.Bloomberg; PHOTO: BLOOMBERG - 1,294 words
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308 2013-05-09 30 Bloomberg [SHANGHAI] China’s property sales and prices growth will slow, while the market’s outlook is stable after the government issued property curbs, said Moody’s Investors Service. Sales growth will decelerate to about 10 per cent over the next 12 months fromBloomberg - 308 words
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Article, Illustration452 2013-05-09 31 Bloomberg [LONDON] UK house prices rose to the highest in almost three years last month as low mortgage repayments helped support demand, Halifax said. Home values increased 1.1 per cent from the previous month to an average £166,094 (S$316,283), the mortgage unitBloomberg; PHOTO: BLOOMBERG - 452 words
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637 2013-05-09 31 Bloomberg [NEW YORK] Manhattan’s 57th Street, where the two tallest condominium towers in New York are under construction, is poised to get a third skyscraper with apartments perched above the city at near-record heights. The buyers of Steinway Hall are in informal talks withBloomberg - 637 words
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Article, Illustration276 2013-05-09 31 ONG CHOR HAO - Firm hopes to tap her connections and expertise in retail project management By ONG CHOR HAO [SINGAPORE] Former Member of Parliament Cynthia Phua has joined real estate consultancy Knight Frank Singapore as its executive director of retail services. Knight Frank said yesterday thatFILE PHOTO - 276 words
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316 2013-05-09 31 Four largest banks will be required to hold more capital Bloom berg [WELLINGTON] New Zealand’s largest banks will be required to hold more capital against risky home lending because rising property prices may be “problematic” for the financial system, central bank governor GraemeBloomberg - 316 words
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Page 29 Advertisements
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Advertisement12 2013-05-09 29 arch.savills.asia China Hong Kong Singapore ‘Taiwan Thailand Vietnam Agency no. Lsoogesse savills12 words
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Page 30 Advertisements
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Advertisement425 2013-05-09 30 FOR SALE BY TENDER GILSTEAD COURT (50-54 GILSTEAD ROAD) PRIME RESIDENTIAL SITE in District 11 Velocity pd Q. Revenue Novena Novena Square Shopping Mall Geirt' e Giistead P d o Moulmem Rd GILSTEAD o COURT hopping A v* Keng -javaRd Kampong Newton Quiet neighbourhood Within walking distance to two MRT425 words
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Advertisement22 2013-05-09 30 Corals At Keppel Bay Luxury Urban Marina Living Exclusive 366 units For preview appointment, call: 9786 2726 Justin KohCEA Reg. No. R*****5F22 words
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Page 31 Advertisements
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Advertisement242 2013-05-09 31 The Central Office For Sale Prime District 1 CBD Office Panoramic City, MBS views Direct access to Clarke Quay MRT Station Walking distance to Raffles Place &MBFC F&B, eateries, entertainment, retail, services in building Amenities: Swim pool, Jacuzzi, GYM Ideal for end users investors Area: 883/ 2,370/ 3,250sft Price from242 words
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Advertisement238 2013-05-09 31 Conservation Shophouse k A a r i Tras Street 3 storeys with roof terrace Land Area: 1,732 sq ft approx. Built-In: 4,500 sq ft approx. Weil conserved, excellent condition Next to Tanjong Pagar MR! Station Tenanted 99 years wef. 1995 For Sale by Expression of Interest Closing Date: 18 June238 words
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Advertisement128 2013-05-09 31 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 Advisory128 words
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Page 32 Advertisements
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Advertisement284 2013-05-09 32 ST JOHN’S WOOD LONDON PRIMROSE HILL THE REGENTS PARK ST JOHN’S WOOD EXCLUSIVE PROPERTY EXHIBITION 17TH, 18TH 19TH MAY 2013: 11AM–7PM ST REGIS SINGAPORE, EMBASSY CONSULATE ROOMS, L1, 29 Tanglin Road, Singapore *****1 28 STUNNING NEW APARTMENTS IN A PRIME CENTRAL LONDON LOCATION Unveiling the first release of these beautiful284 words
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