The Business Times, 16 May 2013

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Total Pages: 38
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, May 16, 2013
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  • 1059 1  -  Do-Not-Call registry and personal data law will raise costs, hurt telemarketing business By JOYCE HOOI [SINGAPORE] The National Do-Not-Call (DNC) registry will fling open its doors on January 2 next year, in a move that will weigh on small businesses
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  • MARKETS DIGEST
    • 65 1 GST INDEX 3,441.53 (+8.77) GST INDEX FUTURES 3,442.00 (+9.00) GSIMSCI 388.81 (+0.39) GSIMSCI FUTURES 389.50 (+1.30) US$ S$ US$ (S$ per US$) 1.244 (US$/S$ per 1.523 1.896 EURO (US$/S$/€ 1.291 1.607 Foreign currency per US$ S$ YEN 102.30 82.20 RM 3.003 2.413 HK$ 7.761 6.237 BAHT 29.74 23.90 RUPIAH
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    • 48 1 Wednesday Change KL COMP 1,783.03 -5.40 NIKKEI 225 15,096.03 +337.61 HANG SENG 23,044.24 +113.96 SET INDEX 1,630.09 +6.61 JAKARTA COMP 5,089.88 +7.94 MANILA COMP 7,392.20 +78.74 SEOUL COMP 1,971.26 +2.43 SHENZHEN B 846.30 +6.73 MUMBAI IND 20,212.96 +490.67 12noon EDT Change DOW 15,260.21 +44.96 NASDAQ 3,470.32 +7.71
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    • 20 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN CANADA KOREA 9.33 BRITAIN Source: Bloomberg
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  • 883 1  -  Offices of Shell, BP and Platts raided in probe into possible fixing of oil prices By in NEIL BEHRMANN in London THE motor industry, other European businesses, consumer groups and politicians reacted furiously to the possibility that companies in the US$1.5
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  • Page 1 Advertisements
    • 168 1 NEW HOMES Five plots up for sale set to yield 2,700 units PAGE 39 BONDS BOJ steps in to forestall spike in yields PAGE 22 COMPANIES SingTel’s Q4 profit falls nearly one-third to $868m PAGE 2 PROPERTY Mapletree to redevelop Comtech at year-end PAGE 38 *****1 *****4 iHS -j mMwWM
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  • TOP STORIES
    • 854 2  -  Group will spend $2b on digital unit, boost dividend payout range By JOYCE HOOI [SINGAPORE] Even as SingTel’s fourth-quarter bottom line fell by almost a third from exceptional losses, the telco has big outlays in the pipeline. It has set aside $2
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    • 564 2  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak yesterday demonstrated considerable political courage by naming a Cabinet that, among other things, included Transparency International president Paul Low and Mahathir Mohamad-nemesis Khairy Jamaluddin in its line-up. Even so, Mr Najib gave a
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    • 973 2  -  SHANE TODD INQUIRY By NISHA RAMCHANDANI [SINGAPORE] Simulation experiments showed that it was physically possible for a man of American Shane Todd’s build and height to hang himself from the bathroom door in his apartment, a forensics expert told the court
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    • 923 2  -  By KALPANA RASHIWALA [SINGAPORE] Developer sales of private homes halved last month to 1,375 units from the record 2,793 units in March mainly due to a dearth of big project launches. The numbers exclude executive condos (ECs). Th e 1 homes that developers
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    • 273 2 Small firms brace for Call Me Never THE National Do-Not-Call registry will fling open its doors on January 2 next year, in a move that will weigh on small businesses and potentially cripple smaller telemarketing firms. FRONT PAGE SingTel’s Q4 profit falls nearly one-third EVEN as SingTel’s fourth-quarter
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    • 1006 4  -  It explains how sham deals and round-tripping were allegedly carried out CITY HARVEST CASE By MICHELLE QUAH [SINGAPORE] City Harvest Church (CHC) pastor Kong Hee and five others were part of a “deliberately planned, meticulously coordinated, and carefully executed scheme” under which they
      Source: Prosecution’s opening statement  -  1,006 words
    • 429 4  -  By MINDY TAN [SINGAPORE] The financial industry is now at an important juncture domestically and globally, and Singapore must continue to attract high-quality investments to create better jobs for Singaporeans, even as we develop a strong core of finance specialists and
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  • Page 2 Advertisements
    • 193 2 B 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 <QA* Port-of-call: Kuala Lumpur (Port Klang) Ir *r 4/5-NIGHT ISLES OF SOUTHEAST ASIA CRUISE MARINER OF THE SEAS Departures: Jun 4,
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  • Page 3 Advertisements
    • 249 3 FERRR DRIVEN BY INSPIRATION. DESIGNED FOR LIFE Sculpted by Pininfarina, the Italian masters behind the world’s most iconic supercars, Ferra is the epitome of exquisite taste and craftsmanship. r A stunning 22-storey bespoke masterpiece, it is a spectacle at every turn—from its futuristic, fluid landscaping to showroom-style parking spaces—complemented only
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  • Page 4 Advertisements
    • 319 4 work S $40q f *h °Ose A Y WHICH DIRECTION SHOULD MY PROPERTY FACE? S S6 00 ho u se s Ss 'OOo s ©s SSj 3oo 00 o'A Q.e CP o° *0 ep If this is among your concerns when buying a property, STProperty has the right tools for
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  • Page 5 Advertisements
    • 151 5 www.vw. com. sg The well travelled, travel well a s\ Si* 4 Touareg Edition X If s m m f s > V rNftv > k vS v\. X v V > x M v f i > •,r.. V v- I V New Touareg Edition X. The special 10th
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  • Page 6 / 7 Advertisements
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  • COMPANY NEWS
    • 506 8  -  There’s a $16.8m one-off charge for Daniels Group’s underperformance By VEN SREENIVASAN AN impairment charge dragged down SATS Ltd’s fourth-quarter attributable profit by 7.8 per cent to $46.2 million from $50.1 million a year earlier. Excluding this $16.8 million one-off charge for the underperformance of
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    • 593 8  -  3-month profit up 10%; nine-month profit up 17% By ANDREA ANDREA SOH OLAM International’s earnings rose 10 per cent in the January-March fiscal third quarter, driven by the continued stellar performance of its grains business. The group’s net profit attributable to shareholders grew to
      BLOOMBERG  -  593 words
    • 384 8  -  By CARINE LEE SWIBER Holdings doubled its net profit to US$20.07 million from US$8.65 million for the first quarter ended March 31, 2013. The integrated construction and support services provider to the offshore oil and gas industry said turnover rose 59.3 per cent year-on-year
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    • 393 8  -  By ONG CHOR HAO UNITED Engineers (UE) saw first-quarter profit fall 24 per cent from a year ago to $7.4 million, hurt by a surge in administrative expenses. For the period ended March 31, the company posted revenues that increased
      ST FILE PHOTO  -  393 words
    • 336 8  -  By CAI HAOXIANG SP AUSNET, an Australian electricity distributor 51 per cent owned by Singapore Power, reported a net profit of A$279.1 million (S$343 million) for the year ended March 31, 2013. This was up 9.5 per cent from A$255 million a year
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    • 518 9  -  Boost from the sale of Maldives hotel, and higher fee-based income Reports by FELDA CHAY BANYAN Tree Holdings reported a 19 per cent rise in first-quarter net profit to $14.2 million from $12 million last year, boosted by the sale of
      PHOTO: ARTHUR LEE  -  518 words
    • 348 9  -  By ONG CHOR HAO INDUSTRIAL conglomerate Hong Leong Asia has reported first-quarter profit of $14.4 million, up 3.6 per cent from $13.9 million a year ago. For the period ended March 31, revenue at the company edged up 0.9 per cent to $1.11
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    • 258 9  -  By MA XIANGYU POORER gross margin resulted in Yongnam Holdings reporting just a marginal rise in first-quarter net profit despite a jump in revenue. The January-March quarter saw net profit attributable to shareholders rising 0.8 per cent year-on-year to $11.5 million. The group
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    • 416 9 BANYAN Tree Holdings is planning to launch a third brand this year that will focus on lower-priced holiday home projects, in addition to its Banyan Tree and Angsana names. The resort operator hopes that this latest brand will help boost the group’s
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    • 418 11  -  Rest of operations reports profit in Q1; sale of loss-making unit by June or July By ANDREA SOH PETRA Foods Limited sank to a net loss of US$14.9 million in the fiscal first quarter, from a profit of US$16.3 million a year earlier.
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    • 242 11  -  By BENJAMIN AW FOOD Empire posted an 11.1 per cent year-on-year increase in first-quarter net profit to US$5.6 million on the back of higher average selling prices of its products and revenue. The food and beverage company attributed the profit growth to a
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    • COMPANY BRIEFS
      • 54 11 INTENSE competition on its hotel reservation business and slowdown in travel growth saw Asiatravel.com Holdings extending its net loss attributable to shareholders to $1.69 million for the second quarter ended March, from $489,000 net loss a year earlier. Revenue fell 9 per cent to $19.73
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      • 74 11 EZION Holdings said it had received a letter of intent with a contract value of about US$80.3 million over a four-year period to provide a service rig to be used by an Asian based national oil company to support its oil gas activities.
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      • 74 11 WORKERS dormitory specialist Centurion Corporation posted an 89 per cent rise to $2.2 million in Q1 net profit attributable to equityholders, thanks to higher occupancy and demand. This was up from $1.2 million a year earlier. Revenue rose 23 per cent to
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      • 47 11 GALLANT Ventures extended its first-quarter loss to $3.29 million, from $1.85 million a year earlier. It cited lower tenancy demand, lower rentals and lower property sales bookings. Revenue for the January-March 2013 period dipped 5 per cent to $41.5 million.
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      • 64 11 A PICK-UP in its distribution and drilling businesses enabled KS Energy to return to the black to the tune of $1.06 million in profit attributable to shareholders for the first quarter, from $315,000 loss a year earlier. Including non-controlling interests, net profit
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      • 49 11 KOH Brothers lifted its Q1 net profit attributable to shareholders by 2 per cent to $3.3 million, from $3.2 million. Revenue for the January-March quarter rose 38 per cent to $80.76 million. The results translated into an earnings per share of 0.71 cent.
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    • 281 11  -  By CARINE LEE PROPERTY developer Hiap Hoe’s net profit for the fiscal first quarter ended March 31, 2013, fell 27.7 per cent year-on-year to $10.17 million from $14.07 million. Turnover decreased 19 per cent to $30.35 million from $37.47 million, mainly due
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    • 281 11  -  By ONG CHOR HAO PROPERTY developer Hong Fok Corporation reported first-quarter net profit of $10.1 million, more than double the $3.7 million a year ago, on the back of a surge in revenue. For the three months ended March 31, the
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  • Page 8 Advertisements
    • 342 8 BUSINESS PRODUCTIVITY SEMINAR SEEKING GROWTH IN UNCERTAIN TIMES Can businesses grow amidst an unpredictable economic outlook? Are there practical ways to achieve a healthier bottom line for 2013? Experts and entrepreneurs share how you can turn adversity into advantage in this not-to-be-missed business productivity seminar. GUEST OF HONOUR Mr Lee
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  • Page 9 Advertisements
    • 553 9 Simultaneous Launch in Malaysia Singapore The Most Dazzling GARDEN CITY LIVING in Embassy Row, Kuala Lumpur J A L AN AMP ANG FREEHOLD Final Chance to Own rm 'I •rl-l Ultimate Garden City Living Experience Studio: Built-up from 506sf 568sf 1 -room 2-room suites: Built-up from 674sf 925sf Functional layout
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  • SINGAPORE MARKETS
    • 549 10  -  STI gets a boost on overseas support and gains 8.77 points, with gainers beating losers 259 to 197 STOCKS KENNETH LIM Correspondent NOBLE Group took a hit as quarterly results dominated yesterday’s trading activity on the Singapore market, which ended slightly higher overall. The broad
      Source: Bloomberg  -  549 words
    • 4 10 DAILY
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    • 73 10 May 15 VALUE CLOSE BT OB/OS 132.00 +122.00 BT CADI -*****.00 +50.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 849.36 +1.14 FTSE ST Small Cap 597.90 +5.22 FTSE ST All Share 847.47 +2.34 FTSE ST China Top 217.11 +0.03 FTSE ST China 246.93 +0.49 FTSE
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 1 0 0 0 7 7 1 Manufacturing 57 52 43 4 8 16 61 60 59 Commerce 29 18 14 7 6 2 36 24 16 Tpt/Stor/Comms 19 15 7
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    • 123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,690 34,690 70,269 70,269 Manufacturing 410,215 110,154 520,369 253,517 3,438 256,955 Commerce 400,485 85,465 485,950 179,765 10,022 189,787 Tpt/Stor/Comms 125,449 16,902 142,351 228,977 6,735 235,712 Finance 148,123 688 148,811 215,839 367 216,206 Construction 75,819 89,343
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    • BROKERS’ TAKE
      • Article, Illustration
        398 10 May 15 close: S$1.095 Maybank Kim Eng Research, May 15 Q1 2013 results were significantly below market expectations, as problems in its agricultural segment persist. We had earlier been positive on its new asset-lighter strategy and the benefits of that in terms of lower overhead cost and strong
        Source: Bloomberg  -  398 words
      • 323 10 May 15 close: S$2.08 OCBC Investment Research, May 15 COMFORTDELGRO’S Q1 2013 results saw revenue increasing slightly by 1.8 per cent y-o-y to S$870.8 million on the back of broad–based growth across its segments while operating profit improved 2.8 per cent to S$95.9 million as higher staff (+5.1
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      • 178 10  -  Compiled by KENNETH LIM May 15 close: S$1.785 CIMB Research, May 15 CWT had a strong Q1, contributed by sturdy growth in MRI (Trading) revenues. The company also announced the acquisition of a new industrial facility to cater to its expanding logistics business, especially for the oil gas and
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    • 116 10 Stock name Close Change CapMallsAsia 2.020 -0.020 CapitaLand 3.780 -0.030 CapitaMall 2.330 -0.020 CityDev 11.35 -0.110 ComfortDelGro 2.080 +0.020 DBS Grp 17.38 -0.100 GLP 2.880 +0.060 Genting SP 1.495 -0.010 Golden Agri 0.570 +0.010 HK Land 7.320 +0.080 HPH Trust US$ 0.820 -0.015 JMH 66.70 -0.050
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    • 563 10 CURRENCIES Reuters [SINGAPORE] Most emerging Asian currencies fell yesterday as the dollar rose, hitting a 4-1/2 year high against the yen on sustained expectations that the Federal Reserve will reduce policy stimulus and on higher US bond yields. The South Korean
      Reuters; PHOTO: BLOOMBERG  -  563 words
    • 57 10 VOLUME Armarda 206,655,000 Golden Agri 153,719,000 Innopac 129,275,000 Thai Beverage 107,952,000 Noble Grp 92,048,000 YHM 89,232,000 NexGenSCom 71,967,000 GSH Corp R 62,607,000 Sunmoon 47,772,000 Matex 42,185,000 VALUE($) SingTel 102,642,237 Noble Grp 98,628,630 Golden Agri 87,188,305 Thai Beverage 72,419,035 UOB 71,058,312 DBS Grp 58,416,984 GLP 55,245,350 Keppel Corp
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    • 113 10 BY CENTS CLOSE UP IS S&P500 ***** 238.9 1.2 DBXT MSJAP 10US$ 4657 46.0 0.8 UOB 2200 21.0 1.0 YHS 311 21.0 7.2 DBXT MSBrazil 10US$ 558 18.7 2.8 DBXT MSKorea 10US$ 5737 18.7 0.3 Lyxor China H 10US$ 1443 18.7 1.1 DBXT MSINDO 10us$ 1737 16.2 0.8 SingTel.ES.1305
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    • 120 10 BY CENTS CLOSE DOWN GLD 10US$ ***** -289.9 -1.7 DBXT S&P Short 10US$ 2990 -32.4 -0.9 DBXT FTVietnam 10US$ 2401 -31.1 -1.0 JSH 3991 -23.6 -0.5 DBXT STGLDv100 10US$ 3113 -21.2 -0.5 Hyflux 6% CPS 10 ***** -18.0 -0.2 SIA Engg 506 -17.0 -3.3 CityDev 1135 -11.0 -1.0 UOL
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    • 5 10 DAILY
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  • Page 11 Advertisements
    • 156 11 A DE LTA e A/M 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® offers 180-degree flat-bed seats with direct aisle access. You can
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  • SINGAPORE NEWS
    • 507 12  -  Near-term outlook seen as tepid as consumer spending remains cautious By MALMINDERJIT SINGH SINGAPORE’S retail sales fell by a worse-than-expect-ed 7.4 per cent in March from a year ago, hit by a 32.7 per cent drop in motor vehicles. Excluding
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    • 592 12  -  By GRACE NG PASSION is the oft-cited driving force behind entrepreneurs’ start-up stories, but not for Gary Wang, co-founder of the videosharing website Tudou. For him, the driving force was anger he was an angry young man frustrated with school,
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    • 529 12  -  Globally it is fourth most sought after destination for work By CHUANG PECK MING GLOBAL professionals still prefer to work in the United States or United Kingdom in the West. But if they head east, Singapore will be their top choice, says
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    • 801 12  -  Region has smaller pool of talent due to declining birth rate By AMIT ROY CHOUDHURY DESPITE mounting layoffs and the availability of unemployed workers, there is an acute talent shortage and mismatch of skills in the Asia-Pacific region and this is part of a global phenomenon,
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    • 511 12  -  Food services firms should outsource preparation and production, says official By BENJAMIN AW THE Restaurant Association of Singapore (RAS) has urged food services companies to work with food manufacturers and suppliers to outsource food preparation and production, and cut down on manpower costs. “The cost
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  • Page 12 Advertisements
    • 28 12 IMJ $5 Million Anniversary Draw Fri, 17 May 2013,9.30pm Visit www.singaporepools.com.sg for details. Ip Y(i> Always play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G
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  • MALAYSIA
    • 468 13  -  Weak exports to blame; domestic demand stays healthy at 8.2% By PAULINE NG in Kuala Lumpur MALAYSIA’S economic output for the first quarter grew a lower-than-expected 4.1 per cent, dragged down by weak exports. Economists surveyed by Bloomberg had projected a median growth
      PHOTO: BLOOMBERG  -  468 words
    • 875 13 Bloomberg [HONG KONG] Malaysia’s biggest pension fund sold about 331 million ringgit ($137 million) of shares in the country’s benchmark index as Prime Minister Najib Razak’s election victory sparked the largest rally since 2008. Employees Provident Fund, which oversees US$176 billion for
      Bloomberg  -  875 words
  • Page 13 Advertisements
    • 377 13 THE MAYFAIR COLLECTION MADDOX STREET Understated Elegance in Mayfair W1 A truly luxurious development within London's most exclusive enclave In the heart of the West End, only moments from Park Lane and Regent Street Exceptional location among London's best retail facilities, the finest dining in the city and London's largest
      377 words

  • GREATER CHINA
    • 353 14 Li’s remarks dash hopes of pumppriming as growth slows in April Reuters [BEIJING] China has limited room to use government spending and policy stimulus to boost its economy, China Premier Li Keqiang was quoted as saying yesterday, dashing hopes among some investors that
      Reuters; PHOTO: AFP  -  353 words
    • 501 14 Fisherman’s killing sparks sanctions; Manila says sorry Reuters [TAIPEI] Taiwan yesterday recalled its envoy to the Philippines, froze applications for work permits and ordered military exercises in waters between the two sides in retaliation for the shooting death of a Taiwanese fisherman. A spokesman for
      Reuters  -  501 words
    • 270 14 AP [HONG KONG] Hong Kong’s corruption watchdog has launched a criminal investigation of its former chief following complaints of excessive spending when giving tens of thousands of dollars in gifts to mainland Chinese and other officials. The territory’s anti-corruption agency and Department of Justice said
      AP  -  270 words
  • Page 14 Advertisements
    • 1654 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices OTTO MARINE LIMITED (Incorporated in the Republic of Singapore) (UEN: *****2647M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Third Annual General Meeting of Otto Marine Limited (the “Company”) will be held at the Taurus, Level 1, Marina Mandarin Singapore, 6
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    • 26 14 FEMALE BRIDES LOOKBOOK ISSUE 6 OUT NOW fenutle 111 ,24 COUTURE CREATIONS FOR PRETTY BOUQUETS MODERN BRIDES IN PRISTINE WHITE At all leading bookstores www.femalebridesonline.com spnmagazines
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    • 99 14 The finest corporate gift premium industry players under one-roof Gifts Premiums Fair 2 0 13 10-12 JULY 2013 MARINA BAY SANDS SINGAPORE www.SGPFair.com Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sffl Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848 4182
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  • INDIA
    • 953 15  -  Surge in gold demand widens trade deficit to US$17.8 billion By NEETA LAL in New Delhi DESPITE the United Progressive Alliance government’s frenzied attempts to rein in gold imports and curb Indian buyers’ notoriously insatiable appetite for the shiny metal, gold imports spiked 138 per
      PHOTO: AP  -  953 words
    • 477 15 Subbarao ‘happy to see’ inflation data at 41 -month low Bloomberg [MUMBAI] Reserve Bank of India (RBI) governor Duvvuri Subbarao said the slowest inflation since 2009 will be factored into monetary policy decisions next month. Benchmark bond yields dropped to a
      Bloomberg  -  477 words
  • Page 15 Advertisements
    • 470 15 Reaching The Apex of Sustainability Excellence SINGAP0RE SUSTAINABIWJY AWARDS REGISTRATION CLOSES ON 14 th JUNE 2013 The Singapore Sustainability Awards is an initiative of the Singapore Business Federation which comprises of the Sustainability Business Awards and the Green Technology Awards. Inaugurated in 2009, the awards recognize organizations for their outstanding
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  • ECONOMY WATCH
    • 620 16 Revision comes on higher tax revenue; Fannie Mae, Freddie Mac contributions Reuters [WASHINGTON] The US deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office (CBO) said on Tuesday in a report that could sap Congress’ sense of
      Reuters  -  620 words
    • 649 16 AFP [COLOMBO] After crushing Tamil rebels four years ago Sri Lanka expected to become South Asia’s tiger economy, but exuberance has given way to mediocre growth and fears of more trouble ahead. The country was almost broke when troops defeated separatist Tamil
      AFP  -  649 words
    • 433 16 Study cites evasion, write-offs, lack of penalties for evasion Reuters [MEXICO CITY] Latin American countries do not tax the rich enough, offer too many tax breaks and fail to punish rampant tax evasion, meaning they are unable to raise enough revenue to properly
      Reuters  -  433 words
  • Page 16 Advertisements
    • 2466 16 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SCORPIO EAST HOLDINGS LTD. Registration No. *****5164G (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that a Extraordinary General Meeting of Scorpio East Holdings Ltd. (the “Company”) will be held at 25 Tai Seng Avenue,
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    • 24 16 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. £0 WATS NOTICES
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  • WORLD
    • 541 17 It may axe a further 14,000 jobs in new cost-cutting drive stretching till 2016 Reu ters [LONDON] HSBC plans to cut annual costs by up to another US$3 billion and may axe a further 14,000 jobs as Europe’s biggest bank strives to
      Reuters; PHOTO: BLOOMBERG  -  541 words
    • 230 17 Bloomb erg [SAN FRANCISCO] A coffee date with Apple chief executive officer Tim Cook fetched US$610,000 for charity, according to press reports. An online auction generated 86 bids for the meeting at Apple’s Cupertino, California, headquarters with Mr Cook, who is raising money for the
      Bloomberg  -  230 words
    • 547 17 Bloomberg Reuters [ZURICH] Julius Baer Group, the third largest Swiss wealth manager, said that client assets rose 16 per cent in the first four months of the year after integrating Merrill Lynch businesses acquired from Bank of America Corp last year. Assets under management
      Bloomberg; Reuters; PHOTO: BLOOMBERG  -  547 words
    • 434 18 Traders cite govt procurement scheme and strong baht for uncompetitive prices Reuters [BANGKOK] Thai rice exporters have cut a forecast for 2013 exports of the grain to 6.0 million tonnes from 6.5 million tonnes, a trade body said yesterday, hit
      Reuters  -  434 words
    • 179 18 AP [NEW YORK] A large 1953 painting by abstract expressionist artist Barnett Newman has sold for US$43.8 million at a New York City auction, setting an auction record for his work. Sotheby’s said on Tuesday the record price for “Onement VI” includes the buyer’s premium.
      AP  -  179 words
    • 434 18 Bloomberg [TOKYO] Naruatsu Baba, the 35-year-old founder of Japanese smartphone game maker Colopl Inc, has become one of the youngest billionaires in the world as Colopl stock leaped sevenfold since its December initial share sale. The Tokyo-based app maker produces games such as
      Bloomberg  -  434 words
    • 430 19 Inflation in 2 years’ time likely to be around 2% target Reuters [LONDON] The Bank of England (BOE) bucked the trend of its recent forecasts yesterday by modestly upgrading its growth outlook and pencilling in a faster fall in inflation. In its quarterly economic
      Reuters; PHOTO: BLOOMBERG  -  430 words
    • 551 19 But govt debt still remains six levels deep in junk status AP [ATHENS] Debt-hobbled Greece got a new morale boost on Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country’s European creditors backed the release of
      AP  -  551 words
    • 542 19 Economy contracts more than forecast, raising pressure to spur growth Bloomberg [BRUSSELS] The euro-area economy contracted more than economists forecast in the first quarter, extending a recession and increasing pressure on the currency bloc’s leaders to relax their budget rigour and do more to
      Bloomberg  -  542 words
    • 714 22  -  10-year govt bond yield eases to 0.845% from 1-year peak of 0.92% By ANTHONY ROWLEY in Tokyo THE Bank of Japan (BOJ) stepped aggressively into the Tokyo money market yesterday, offering to buy up to 2.8 trillion yen (S$34 billion) of government bonds
      PHOTO: AFP  -  714 words
    • 521 22 Other reports show decline in factory output; weak manufacturing in NY LATEST US DATA Reuters [WASHINGTON] US producer prices recorded their largest drop in three years in April as petrol and food costs tumbled, pointing to weak inflation pressures that should
      Reuters  -  521 words
    • 477 22 AFP [PARIS] The unemployment rate across rich countries eased slightly to 8.0 per cent in March, the Organisation for Economic Cooperation and Development (OECD) said yesterday but this meant that 48.3 million people were officially without work in the downdraught of the financial
      AFP; PHOTO: AFP  -  477 words
    • 509 22 Its clients fear that it is competing with them with its move into new services NYT [NEW YORK] Long thought of as a company that serves the needs of Wall Street firms, Bloomberg is quietly becoming more like them, moving recently into businesses
      NYT  -  509 words
    • 531 24 Monetary easing will make loans less profitable even as borrowing increases Bloomberg [TOKYO] Japan’s three biggest banks led by Sumitomo Mitsui Financial Group forecast that earnings will decline this year as monetary easing makes loans less profitable even as borrowing picks up
      Bloomberg  -  531 words
    • 362 24 Bloomberg [BUENOS AIRES] Argentines are buying more BMWs, Jaguars and other luxury cars as a store of value as inflation decimates their deposits and pummels the nation’s bonds. Purchases of cars from Germany’s Bayerische Motoren Werke AG and Jaguar Land Rover
      Bloomberg  -  362 words
  • Page 17 Advertisements
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  • Page 18 Advertisements
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  • Page 19 Advertisements
    • 208 19 CALL FOR PERFORMERS Step Right Up! Be part of ChildAid 2013 CarnivalEdition Young ladies gentlemen, step right up! If you think you can sing, dance, play a musical instrument or perform a circus act, come try out for our next ChildAid concert! Email your entry to childaid@sph.com.sg by June 8,
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  • Page 20 / 21 Advertisements
    • 164 20 / 21 ACL CONSTRUCTION (S) PTE LTD ALEXIUS PTE LTD BOON YONG ELECTRICAL PTE LTD CAPITAL CRANES GLOBAL PTE LTD COMPACT METAL INDUSTRIES LTD CONTINENTAL STEEL PTE LTD ERECT GROUP (SINGAPORE) PTE LTD FUTAR ENTERPRISES (PTE) LTD GATHERGATES SWITCHGEAR PTE LTD HOCK SENG HENG TRANSPORT TRADING PTE LTD HOR KEW CORPORATION LTD
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  • Page 22 Advertisements
    • 35 22 MSSk A i NOW AVAILABLE ON ipad android 3dT f A Blulnc A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 Email: queries@bluincmedia.com www.bluincmedia.com
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    • 33 22 HOT PROPERTY 41 S'5K. Avail Jui. U,et P at '0l«ss LOOKING FOR BIG SPACES? Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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  • Page 23 Advertisements
    • 2204 23 If you think SPH is just a newspaper company, DANCER TREADS LIGHTLY THROUGH LIFE LAW LESSONS FOR SECONDARY STUDENTS TOP OF THE NEWS A2-3 NEW COLUMN –PEOPLE TO WATCH ROBOGALS TO BRIDGE TECH GENDER GAP LIFE! C6 SINC E 1 8 4 5 M O ND AY J UL Y
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  • Page 24 Advertisements
    • 7 24 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices $}-`-;%;=,|,{{|_?+-&-+;,;:]}@+<
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    • 1532 24 Incorporated in France with limited liability Head Office: 9 quai du Président Paul Doumer ***** Paris La Défense cedex France Tel: 33 1 41 89 00 00 Fax: 33 1 41 89 49 83 Website: www.ca-cib.com Singapore Branch: 168 Robinson Road #22-01 Capital Tower Singapore *****2 Tel: 65 6535 4988
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    • 154 24 IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF SHENTON STRUCTURED PROJECTS PTE. LTD. REG NO. *****4723G (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General Meeting of
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  • Page 25 Advertisements
    • 316 25 Think SPH Think Entertainment Think Digital We bring you more than the power of print. In addition to 18 newspaper titles, over 100 magazines and a wide variety of books, we engage you with the AsiaOne network and other digital offerings such as STJobs, STProperty, STClassifieds, STCars, STOMP, ST Razor
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  • EDITORIAL & OPINION
    • 467 26 EDITORIAL THE global clampdown on cross-border tax evasion has moved up a notch, with key financial centres in Europe pressed of late to lift the veil on banking secrecy and Singapore’s announcement this week of new curbs to combat the tax offences. Austria the
      467 words
    • 801 26  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IT was only a month ago that pundits and politicians were warning us that it was five minutes before midnight, that unless Washington was going to “do something” and deal with a threat of a nuclear
      801 words
    • 1130 26  -  Once economy recovers, Abe and his aides’ push for nationalism will also lose its charm ANTHONY ROWLEY Tokyo Correspondent THE Bank of Japan (BOJ) has a lot to answer for launching a monetary “Pearl Harbor”, as some termed it, on the rest of the
      PHOTO: AP  -  1,130 words
    • 1341 27  -  Heavy investment in the natural resources sector from early 2000s is a major catalyst for the revival of this industry By CHRISTIAN STAUFFER The writer is CEO and a founding partner of EuroFin Asia Group. He has over 25 years experience in international trading, commodities,
      PHOTO: AP  -  1,341 words
    • 914 27  -  By HUGO DIXON &5H REUTERS BREAKINGVIEWS LEAVING the European Union would be bad for Britain. Membership of even an unreformed EU is better than “Brexit”. Quitting would mean either not having access to the single market at a huge cost to the
      &5H REUTERS BREAKINGVIEWS  -  914 words


  • AVIATION/SHIPPING
    • 643 28 All Nippon Airways gets first Dreamliner with redesigned battery system Reuters [NEW YORK] Boeing resumed deliveries of its high-tech 787 Dreamliner jet on Tuesday, ending a period of nearly four months in which it was unable to provide new planes to customers because of safety
      Reuters; PHOTO: REUTERS  -  643 words
    • 176 28  -  By MARIA MALA YOGALINGAM CHANGI Airports International (CAI) has successfully completed the placement of 122.81 million ordinary shares in Gemina, an Italy-based investment holding company, to institutional investors. The placement represents about 8.4 per cent of Gemina’s share capital, at a price
      176 words
    • 460 28 Earlier Easter, cold weather help cut pretax loss to £6 1m Reu ters [LONDON] Low-cost airline easyJet roughly halved its losses in the first half, helped by Easter falling earlier than a year ago and strong bookings from customers wanting to escape recent cold weather
      Reuters; PHOTO: AFP  -  460 words
    • 424 28 Bloomberg [BEIJING] Bomb threats that caused China Eastern Airlines Corp and two other carriers to alter some flight plans yesterday were unfounded, Xinhua News Agency reported. Police are investigating the matter, Xinhua said, citing the Civil Aviation Authority of China. China Eastern, Shenzhen Airlines
      Bloomberg  -  424 words
    • 163 28 [SINGAPORE] Singapore Airlines last month filled slightly fewer seats on a year-on-year basis as capacity growth of 3.2 per cent outpaced a 0.8 per cent increase in passenger carriage. The airline logged up a passenger load factor (PLF) of 77.8 per cent
      163 words
    • 239 28 SGX '000 May 15 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 -0.01 301 Cosco Corp 0.81 -0.01 2331 Ezra Hldgs 1.02 unch 2842 First Ship Lea 0.12 unch 120 Freight Links 0.09 unch 7962 Grand Banks 0.38 0.01 13 Jaya Hold Ltd 0.64 0.01 578 K1Ventures
      239 words
  • Page 28 Advertisements
    • 47 28 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY 100 YEARS OF INDIAN CINEMA A look at the stars and events that have shaped the industry f C; 360 DEGREES: Dr Chandroo on the challenges of quality pre-schooling GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • Page 28 Miscellaneous
    • 346 28 CRYPTIC CROSSWORD Across 1 Smiles, having old pennies hidden inside jars (6) 4 Disease in record supplied by one new medic (8) 9 Extremely keen to have e.g. paintings displayed around studio? (6) 10 Take no notice of sales ploy? (8) 11 Fellow needing to produce vegetable (9) 13 Looking
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  • Page 29 Advertisements
    • 519 29 •J. -5 V V A r f W r PAN DELIVER THE CHANGI Experience. v PROVIDING THE LATEST PASSENGER PROCESSING AND SELF-SERVICE TECHNOLOGY AT THE ‘WORLD'S BEST AIRPORT The Changi Experience is legendary. From when it first opened its doors more than 30 years ago, Changi Airport has grown steadily
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  • 1518 30 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
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  • Page 30 Advertisements
    • 75 30 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? M The Business Times Shipping Times PLACE YOUR AD HERE The Business Times Shippiiv g Times CALL JOE WO IG AT 9620 1327 FREIGHT FORWARDER urgently
      75 words

  • SINGAPORE STOCKS
    • 3190 31 Transaction date: May 15 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 AAT Vol Day Last Quote ('000) High Low Buyer Seller 10.4 7 AEM C'vr 186 106 AIMSAMPIReit 186
      3,190 words
    • 229 32 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale C000) High Low Buyer Seller C’vr P/E Smil 3..
      229 words
    • 10488 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** ....1.0105/ .2.1098/ f M local Ccy Bond ,1,03/ European Opportunities!" 1.2098/ Global Emerging Markets!" Global Opportunities/" China Opportunities USD!** 0.97/ Global Emerging
      10,488 words
    • 262 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A41 +0.5 116 41 40 40 41 3.6 8.5 3.3 149.5 52 30 Genting HK US$ US51 unch 6621 51.5 50.5 50.5 51 3358.1
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    • 904 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 136.8 120.4 CIMB APAC Div 100S$D 136.8 142.2 143.1 114.4 95.8 CIMB APAC Div 100US$ US114.4 114.8 115.7 12 1491 1246 CIMBASEAN40 100S$D 1491 +6
      904 words


  • FINANCE & COMMODITIES
    • 646 33 May 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.34 *****.83 *****.38 Jun13 *****.00 *****.00 *****.00 *****.00 *****6 *****7 Sep13 *****.00 *****.00 *****.00 *****.00 2239 6184 MSCI TAIWAN INDEX FUTURES SPOT 298.70 300.38 297.87 May13 299.80 301.40 298.40 300.60 ***** *****9 Jun13 299.90
      646 words
    • 373 33 In local curr In S$ In US$ dy yr dy yr dy yr May 14 Index Change Change Change Change Change Change World Preliminary 1083.6 0.6 15.5 0.6 14.4 0.5 12.4 EAFE Preliminary 907.2 0.4 17.1 0.2 12.0 0.1 10.1 Europe Preliminary 1276.2 0.6 11.2
      373 words
    • 471 33 May 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.007 6.074 0.766 7.671 54.068 96.354 1.012 11.018 2.968 1.206 97.372 40.722 1.230 9.136 0.957 29.567 29.394 0.649 0.988 Canada 0.993 6.030
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    • 70 33 May 15 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 9 mths 9 mths 0.***** 12 mths SWAP Mid
      70 words
    • 134 33 May 15 GOLD(US$/oz) May 15 May 14 Hong Kong 1424.50 1450.40 May 14 May 13 London 1435.16 1432.91 1435.93 1433.69 Source: Thomson Reuters CAST BAR May 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129 57 5gm 365 286 10gm 653 571
      134 words
    • 90 33 May 15 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*****V 15-Nov-13 0.26 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-13 100.08 100.13 100.13 5-Year N*****0T 2.375
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    • 57 33 May 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2280.0 2280.0 2280.0 2280.0 40 1111 Jun 13 2278.0 2295.0 2298.0 2268.0 1349 4727 Jul 13 2286.0 2297.0 2299.0 2277.0 ***** ***** Aug 13 2286.0 2297.0
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    • 155 33 May 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2298 1.2301 0.9883 0.9884 Canadian dollar 1.2208 1.2213 0.9814 0.9811 Euro 1.6064 1.6068 1.2909 1.2911 NZ dollar 1.0202 1.0204 0.8198 0.8199 Sterling pound 1.8953 1.8959 1.5231 1.5234
      155 words
    • 109 33 May 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1524.50 1521.00 1545.00 1514.75 Jul 13 1414.75 1419.25 1426.00 1405.00 Aug 13 1346.25 1345.00 1351.25 1332.25 Sep 13 1268.00 1263.00 1270.00 1255.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      109 words
    • 95 33 May 14 COCOA (£/tonne) Close Prev High Low May 13 1597 1580 1600 1575 Jul 13 1568 1547 1569 1541 Sep 13 1571 1554 1573 1547 Dec 13 1576 1559 1578 1551 COFFEE(US$/tonne) Close Prev High Low May 13 2005 2005 2024 2005 Jul 13 2050 2051 2065 2041
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    • 1038 33 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Acma Ltd. W*****6 Conv Ratio AlliedTech W*****2 Price Asiatravel.com HoldingsW*****7 1 1 25 14 Asiatravel.com HoldingsW*****5 2.2 1 27 38 BakerTech W*****5 GearBest World Intl Ltd W*****5 1.5 1 30 37
      1,038 words
    • 70 33 CRUDE OIL PRODUCTS May 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.81 0.17 WTI (Near Mth) 94.16 -0.76 Dubai (1-Mth F) 99.73 -0.06 Tapis blend 107.48 -0.12 Minas 100.48 0.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.44 -0.12 Jet Kerosene 115.43 -0.12 US$/barrel OpecOil Basket
      70 words
    • 22 33 May 15 S$ Bid Offer 1-month 1.2444 1.2445 2-months 1.2443 1.2445 3-months 1.2443 1.2445 6-months 1.2440 1.2448 Source: OCBC
      22 words
    • 65 33 Apr 14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1827.50 1840.00 3 months 1857.00 1867.00 Copper, Grade A(US$/tonne) Cash 7216.00 7388.50 3 months 7245.00 7415.00 Lead(US$/tonne) Cash 1964.75 1991.00 3 months 1979.00 2008.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 33 As at 9am May 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.261 1.201 Can dollar 1.243 1.196 Euro 1.645 1.567 Sterling pound 1.929 1.855 NZ dollar 1.046 1.006 US dollar 1.268 1.208 Local dollars to 100 units of foreign
      121 words
    • 161 33 May 15 $S Offer Bid 0vernight 0.02 Par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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
      161 words

  • Page 34 Advertisements
    • 61 34 WITH TRAVEL WITH KISS WITH DINE BOND WITH KISS A PERFECT DAY WITH KISS A HAPPIER DAY WITH GREAT PRIZES WHEN YOU TUNE IN TO KISS92 TODAY! klSS92 All the great songs in one plac DOWNLOAD THE KISS92 MOBILE APP NOW! KISS92 is part of sph radio network Kiss us
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  • PROPERTY
    • 1153 35 More than half of the new development is speculative; 26 projects are underway Bloomberg [SAN FRANCISCO] Leasing by San Francisco-area technology firms is slowing just as developers are poised to add 6.5 million square feet of office space to the city
      Bloomberg; PHOTO: BLOOMBERG  -  1,153 words
    • 1298 35 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN APRIL 17 AND APRIL 23, 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 People's Park Cplx Apt 17/04/2013 99 1119 910 813 V On Shenton Apt
      1,298 words
    • 522 36 Local council wants more homes built as the city faces housing shortage Bloomberg [LONDON] London Mayor Boris Johnson blocked the development of 25 luxury apartments in the city’s Mayfair district because the homes would be too big, signalling a luxury development boom
      Bloomberg; PHOTO: AFP  -  522 words
    • 315 36 The company that runs 20 of 35 casinos in Macau has none in the area Bloomberg [HONGKONG] SJM Holdings Ltd, Asia’s biggest casino company by revenue, received final government approval to develop its first casino resort in Macau’s Cotai area,
      Bloomberg  -  315 words
    • 741 36 Mortgage lender’s issue signals appeal of haven assets Bloomberg [STOCKHOLM] As Sweden’s largest mortgage lender sees record demand for its covered bonds, any speculation that appetite for haven assets may be fading has been shelved. Swedbank AB, the European Union’s best-capital-ised major bank after
      Bloomberg  -  741 words
    • 1080 37  -  The concept allows small investors to invest in their neighbourhoods through websites that offer financial stakes in development projects, reportsAMY CORTESE AMY CORTESE NYT [NEW YORK] THE practice of crowdfunding real estate is spreading from South America where Prodigy Network recently raised around US$239 million
      NYT; PHOTO: NYT  -  1,080 words
    • 663 38  -  Site will turn into new business park at a cost of $700m under second phase of Mapletree Business City By KALPANA RASHIWALA MAPLETREE Investments will begin work at the end of this year to redevelop The Comtech in Alexandra Terrace into a new business
      663 words
    • 652 39  -  Tampines sale site on confirmed list, the other four on reserve list By ONG CHOR HAO FIVE 99-year leasehold plots released for sale by the government yesterday could yield more than 2,700 homes. The sites were launched by the Urban
      652 words
  • Page 35 Advertisements

  • Page 36 Advertisements
    • 410 36 Halal UNIVERSE Shariah Compliant investment news ASIA REAL ESTATE INVESTMENT FINANCING CONFERENCE 2013 GUEST OF HONOUR DR YAHIA ABDUL RAHMAN, CHAIRMAN CEO OF LARI BA BANK OF WHITTIER, USA OUR SPEAKERS KEYNOTE SPEECH KEYNOTE “THE IMPACT OF LOOSE MONETARY POLICIES OF THE US, JAPAN AND THE EU ON ASIAN ECONOMIES
      410 words
    • 50 36 Fitted Out Business Space For Lease The Strategy International Business Park 16,000 10,000 6,500 2,200 sf Sub-divisible Fully fitted Raised floor system In-house food court/gym Walking distance to Jurong East MRT DTZ Business Space Tel: 9139 2805 6293 3228 DTZ Debenham Tie Leung (SEA) Pte Ltd CEA Licence No: L*****01G
      50 words

  • Page 37 Advertisements
    • 279 37 Ready for Occupation by 3Q 2013 -L_L~ NEXUS fdone-north NEW Business Space For Lease! Walking distance to one-north MRT station Suitable for ICT, media, engineering and R&D in physical science Flexible layout with size ranging from 1 .SOOsqft to 24-,000sqft Grade A office building specifications For viewing or enquiries, Boon
      279 words

  • Page 38 Advertisements
    • 431 38 FOR SALE BY TENDER GILSTEAD COURT (50-54 GILSTEAD ROAD) PRIME RESIDENTIAL SITE in District 11 Velocity BUSH c- -tip Pd Q, Revenue Nowena -v Gen '*<>, House O Novena Square A J Shopping Mall Gilstead r&n A Moulmein Rd o GILSTEAD COURT ‘•e., XI v-s ITEtTl Newton .4 Quiet neighbourhood
      431 words
    • 121 38 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
      121 words
    • 288 38 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. ■3? ■'•’“■--•-aU; *r A Wl.j -77THi finnr- S ShBBS —"itTrT 'rTyjiijjMT'ti INCOME GENERATING ASSETS -Benefit from secure and regular income returns plus long-term a sset appreciation-
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  • Page 39 Advertisements
    • 90 39 OFFICES FOR SALE LEASE Orchid Hotel (2nd Floor) 3,337 sf Frontage highly visible Along Tanjong Pagar Road Contact9090 2222Orchid Hotel Pte Ltd FOR SALE Prime Freehold Medical Suites along Orchard Road, District 9 LAST UNIT Strata Sizes from 592 sq ft to 2,056 sq ft approx. Close proximity to prime
      90 words
    • 435 39 lan s Fields lase Release GjODC Pi 'jiiiin rluu^y GOODMANS FIELDS .ONDON El 1 m m S t L JP 1 i n w. m I V m i t 1 ■~.f Tjfcacg 7 > 1 J_ Lu bi a tar 'I L* ii w: -si ydf£; _£ff. -"Sf< »Sml
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  • Page 40 Advertisements
    • 460 40 REGENTS GATE ST JOHN’S WOOD, NWS LONDON n T?- fi I i t 1 .ip «u T AfT —u—_r .j, > -l THE REGENTS PARK r M** ui -T--?E»i ■*P 3^ -■•■‘17 s > *L tJSfr r T^InS w 1a5t »'\irKaC*r aRf '>f "C *T v^ -■—4 .mi' ’A KSK
      460 words