The Business Times, 6 February 2014

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Microfilm: NL32979
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, February 6, 2014
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  • Article, Illustration
    Lock icon Surprise expansion in manufacturing
    624 1  -  January PMI of 50.5 beats forecast; sustained rise in new orders behind strong start By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Singapore’s manufacturing sector has got off to a surprisingly strong start in 2014, going by the improvement in January’s purchasing managers’ index (PMI). The barometer of
    Source: Singapore Institute of Purchasing & Materials Management; FILE PHOTO  -  624 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 2,960.09 (-5.71) HST INDEX FUTURES 2,958.00 (-6.00) HSIMSCI 337.88 (-0.27) HSIMSCI FUTURES 337.20 (-0.50) US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.631 2.071 EURO (US$/S$/€ 1.351 1.716 Foreign currency per US$ S$ YEN 101.20 79.70 RM 3.321 2.615 HK$ 7.763 6.114 BAHT 32.80 25.84 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,785.88 +7.05 NIKKEI 225 14,180.38 +171.91 HANG SENG 21,269.38 -128.39 SET INDEX 1,280.25 +3.41 JAKARTA COMP 4,384.31 +32.05 MANILA COMP 5,908.41 +22.40 SEOUL COMP 1,891.32 +4.47 SHENZHEN B Closed MUMBAI IND 20,261.03 +49.10 11am EST Change DOW 15,396.92 -48.32 NASDAQ 3,894.39 -47.13
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA KOREA TAIWAN 5.036 JAPAN 1.475 KOREA INDIA BRITAIN Source: Bloomberg
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  • Article
    Lock icon Insurers’ asset sale gains not always taxable, court rules
    896 1  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Singapore’s Court of Appeal has issued a landmark ruling on the income tax treatment of investment gains accruing to insurance companies. In the first such case heard here, the ruling of the apex court makes clear
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      111 1 COMMENTARY Press the reset button for IMF PAGE 19 FUTURE CBD Transforming Tanjong Pagar PAGE 28 HOCK LOCK SIEW Don’t blame the Fed for everything PAGE 9 COMPANIES Cashing in on China’s environmental woes PAGE 6 MMENTARY ss th rst on for IMF E 19 Anson House put up for
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  • TOP STORIES
    • Article, Illustration
      Lock icon Google settles EU probe into search display
      615 2 Bloomberg [BRUSSELS] Google, the owner of the world’s largest search engine, reached a settlement to end the European Union’s three-year antitrust probe after it made an improved offer to display results from rival search services. Google will escape fines or any finding by
      Bloomberg; PHOTO: AFP  -  615 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      438 2 Surprise expansion in manufacturing in Jan SINGAPORE’S manufacturing sector has got off to a surprisingly strong start to 2014, going by the improvement in January’s purchasing managers’s index. FRONT PAGE Insurance firms’ asset sale gains may not be taxable SINGAPORE’S Court of Appeal has issued a landmark ruling
      438 words
    • Article
      Lock icon Premium of re-classified small car COE stays firm
      459 2  -  Strength attributed to dealers of Korean and Japanese cars making strong bids By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] THE premium for a small car certificate of entitlement or COE surprised some new car buyers by staying above $70,000 in yesterday’s bidding exercise the
      459 words
    • Article, Illustration
      Lock icon Using digital investments to grow business
      656 2  -  Companies need to properly focus these investments: survey By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] After years of uncertainty coupled with a scaling back of investment, optimism is returning to global markets. Notably, such renewed confidence about growth comes at a time when businesses are being
      Source: Accenture, EIU (Economic Intelligence Unit)  -  656 words
    • Article, Illustration
      Lock icon May 2 opening of KLIA2 unlikely
      537 2  -  By in PAULINE NG in Kuala Lumpur THE OPENING of Malaysia’s new budget terminal KLIA2 on May 2 now appears unfeasible, as its main contractor has yet to secure the certificate of completion and compliance (CCC). This comes amid claims that a shocking two-thirds
      PHOTO: THE STAR  -  537 words
    • Article, Illustration
      Lock icon Will new Microsoft CEO be a change agent?
      1159 4  -  He’ll have to make some radical choices that could upset the status quo COMMENTARY AMIT ROY CHOUDHURY amit@sph.com.sg Technology Editor [SINGAPORE] MICROSOFT’S new chief executive officer, Satya Nadella, has been described by analysts as a change agent with a proven track record
      PHOTO: REUTERS  -  1,159 words
    • Article
      Lock icon Asian central banks forced to do their governments’ job
      971 4 Reu ters [TOKYO/JAKARTA] Asia’s central bankers are being forced to juggle their day jobs with what their governments have failed to do steeling their economies for the hard times. Critics say that many governments have done too little to remove barriers
      Reuters  -  971 words
    • Article, Illustration
      Lock icon Sony in talks to sell Vaio Japan to fund
      773 4 Exiting the loss-making computer business part of company restructuring Reuters [TOKYO] Sony Corp is in talks with Japan Industrial Partners, a Japanese fund that buys up businesses that are being restructured, to take over the Vaio brand’s operations in Japan, according
      Reuters  -  773 words
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      70 4 Gates’ mentor role at Microsoft is a double-edged sword, Page 17 HOT PROPERTY I ooolZTkl d °z ard.Rdr"‘ $2.94M y bdrms from sT'ZLP-^ 2034 sqft fr $19i7 3 p sf PSf 4rm THE TRESOR 3+1+1+PATin o attached. i 604 IfJ 0 2 Vacant. ne g. Sf Rena f TOWN FOR
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      39 5 FL V E R B A N K FERNVALE mm CV K ACTUAL SHOWFLAT PHOTO 6315 3363 6315 3373 WWW.RIVERBANK.SG SHOWFLAT ALONG FERNVALE LINK OPENS DAILY IOAM IOPM llll MQI K A DEDICATED TO CREATING A LI ll Masterpiece
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cashing in on environmental woes of China
      1058 6  -  Environment-related firms rush to help Beijing as it plans to curb pollution By LEE MEIXIAN leemx@sph.com.sg ONE man’s problem is another’s business opportunity. Such is how China’s worsening environmental crisis has become good news for a spectrum of environment-related companies in Singapore and
      PHOTO: REUTERS  -  1,058 words
    • Article
      Lock icon Uptick in M&As likely in 2014: Credit Suisse
      482 7  -  The bank identifies Japanese and Chinese companies as potential acquirers By JAMIE LEE leejamie@sph.com.sg CREDIT Suisse expects an acceleration in mergers and acquisitions (M&As) among corporations globally this year, given that European and American firms are under-lever-aged by an estimated US$2.3 trillion,
      482 words
    • Article, Illustration
      Lock icon Del Monte buying over US namesake business
      491 7  -  SunMoon taking stake in American kids’ drinks maker By LEE MEIXIAN leemx@sph.com.sg TWO Singapore listed food players yesterday announced separate corporate deals as they seek to expand their global footprints. Mainboard-listed plantation company Del Monte Pacific is selling some stakes to boost its
      PHOTO: BLOOMBERG  -  491 words
    • COMPANY BRIEFS
      • Article
        Lock icon Share deal of Blumont investor deferred
        82 7 RESOURCES company Blumont Group said yesterday that the proposed acquisition of 135 million Blumont shares by chairmandesignate Alexander Molyneux had been deferred. The acquisition was supposed to be completed by Dec 6 last year. Mr Molyneux was supposed to acquire the shares from Blumont
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      • Article
        Lock icon United Envirotech issues $35m notes
        78 7 WATER treatment firm United Envirotech has issued $35 million of 7.25 per cent fixed-rate notes due 2016 under a US$300 million medium-term note programme established last June. The notes will be consolidated with $50 million and $15 million of notes issued last September and October,
        78 words
      • Article
        Lock icon Ex-exec director sues Manhattan Resources
        106 7 COAL transporter Manhattan Resources, formerly known as Links Island Holdings, is being sued by former executive director Lee Kok Choy. The company said yesterday that Mr Lee has claimed that he was not paid salary amounting to $400,000, travel expenses totalling $21,596.16, and alleged medical
        106 words
    • Article, Illustration
      Lock icon Don’t blame the Fed for everything
      728 9  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg THAT the US Federal Reserve was to blame for the collapse in emerging markets (EMs) in 2014 might be a subject of much heated debate among the investment community and academics in the months and even years
      PHOTO: REUTERS  -  728 words
    • Article, Illustration
      Lock icon SingPost’s Q3 profit flat on higher costs
      368 9  -  By JOYCE HOOI joyceh@sph.com.sg SINGAPORE Post’s thirdquarter net profit came in flat at $39.4 million, about 0.2 per cent lower year-on-year. Its almost-unchanged bottom line occurred in spite of a 30.2 per cent jump in revenue to $222.6 million for the quarter ended
      FILE PHOTO  -  368 words
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      680 6 Transform Yourself The Workplace Who should attend: Sales, marketing and retail professionals; supervisors, managers, team leaders and other general management professionals; business owners, and anyone interested in amplifying their revenue and performance at the workplace. 2014 FEBRUARY SERIES Productivity and Credit (PIC) Claimable FULL-DAY WORKSHOPS Amplify Your Sales, Multiply Your
      680 words
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      81 7 BNP PARIBAS The bank for a changing world a n n xp m M i 'll t V y i 3fi U-- r" ,-rni Bm K rn --•1 "1? 11* u 15 ?r V6 < m S.-J1 I V I m Tr m JKm, gfe, <, I i?; ~"‘f PPWMI
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rebound fizzles out on EM worries
      625 8  -  Index climbs 20 points but ends the day 5.71 lower, down for a 5th straight session STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent ASHORT-COVERINGbounceyesterdayhelped the Straits Times Index to rebound 20 points but once this was completed, the selling resumed and the STI finished
      Source: Bloomberg  -  625 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 5 VALUE CLOSE BT OB/OS -1182.00 -138.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 -118.00 FTSE ST Mid Cap 690.44 -0.49 FTSE ST Small Cap 519.98 -0.90 FTSE ST All Share 722.35 -1.23 FTSE ST China Top 191.63 -1.11 FTSE ST China 217.71 -0.99 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Albedo 197,059,000 Federal Int 163,224,000 Transcu Grp 137,861,000 KLW Hldgs 72,012,000 Charisma Energy 64,041,000 CCM Grp 59,998,000 Vallianz Hldgs 50,004,000 HanKore 42,787,000 Memstar 41,565,000 SIIC Env 34,255,000 VALUE($) SingTel 96,197,170 DBS Grp 95,109,427 UOB 56,749,230 OCBC Bk 55,034,210 Keppel Corp 45,623,205 GLP 41,694,580 CapitaLand 37,750,484 Genting
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 0 6 5 3 Manufacturing 39 60 32 6 8 9 45 68 41 Commerce 17 16 24 3 10 2 20 26 26 Tpt/Stor/Comms 8 20 12
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon SIA Engineering
        319 8 Feb 5 close: $4.76 UOB KayHian, Feb 5 RESULTS: High costs of staff (+1.5 per cent y-o-y), subcontract work (+6.9 per cent y-o-y) and materials (+8.6 per cent y-o-y) led to operating margin declining 2.3 ppt for the quarter. The increase in material costs signified the inability to
        319 words
      • Article, Illustration
        Lock icon Goodpack Limited
        316 8 Feb 5 close: $1.865 OCBC Investment Research, Feb 5 MANAGEMENT has advised that new accounts and segments can drive topline growth into regions of above 10 per cent. In FY14/15, Goodpack’s growth will be driven by new synthetic rubber (SR) accounts and its next growth level will come
        Source: Bloomberg  -  316 words
      • Article
        Lock icon Centurion Corp
        225 8  -  Compiled by ANDREA SOH Feb 5 close: $0.605 DMG Partners, Feb 5 CENTURION, formally known as SM Summit, is the only listed dormitory operator in Singapore via an RTO in 2011. By FY16, its portfolio will expand 60 per cent to an estimated 54,000 beds. Last year’s riots
        225 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,138 20,138 78,576 78,576 Manufacturing 246,616 103,310 349,926 122,106 4,572 126,678 Commerce 243,375 289,060 532,435 85,650 24,519 110,169 Tpt/Stor/Comms 84,155 1,323 85,478 164,288 126 164,413 Finance 35,377 130 35,507 224,416 41 224,457 Construction 41,599 128,711
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.720 +0.030 CapitaLand 2.750 -0.010 CapitaMall 1.820 -0.025 CityDev 8.870 +0.190 ComfortDelGro 1.900 -0.010 DBS Grp 16.17 -0.130 GLP 2.740 -0.020 Genting SP 1.345 +0.005 Golden Agri 0.505 HK Land 6.050 -0.050 HPH Trust US$ 0.650 JMH 52.00 JSH 31.05 +0.020
      112 words
    • Article, Illustration
      Lock icon Yen rises towards recent highs
      524 8 CURRENCIES Reuters [LONDON] The yen gained yesterday, advancing towards recent mul-ti-month highs as stock markets struggled and confidence remained brittle in emerging markets, forcing investors to seek safe-haven currencies. The dollar fell 0.5 per cent to 101.15 yen while the euro dropped by a similar
      Reuters; PHOTO: BLOOMBERG  -  524 words
    • Article
      Lock icon RISES
      116 8 BY CENTS CLOSE UP DBXT MSJAP 10US$ 4350 68.5 1.3 DBXT MSKorea 10US$ 5771 62.2 0.9 DBXT FTVietnam 10US$ 2678 35.5 1.1 DBXT S&P500 10US$ 2915 35.5 1.0 DBXT S&P Short 10US$ 2752 27.9 0.8 DBXT MSTHAI 10US$ 1739 24.1 1.1 CityDev 887 19.0 2.2 IS MS India 100US$
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    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9759 -375.7 -2.9 Lyxor ThaiSET 10US$ ***** -76.2 -0.5 DBXT MSINDIA 10US$ 797 -64.7 -6.0 DBXT SPASX200 10US$ 3647 -52.0 -1.1 Lyxor Indonesia10US$ 7398 -34.3 -0.4 GLD 10US$ ***** -29.2 -0.2 DBXT FTChina25 10US$ 2630 -26.7 -0.8 CIMBASEAN40 100S$D 1222 -25.0 -2.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      Lock icon Page 9 Advertisements Column 1
      20 9 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices WATS NOTICES <CLA/FEB11/g
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      Lock icon Page 9 Advertisements Column 2
      288 9 ASIA’S BIGGEST FOR AVIATION’S FINEST Last admission time at 4:30pm. Please note that trade days are strictly for trade visitors and professionals only. Guests can be dressed in smart casual attire. No singlets, shorts, bermudas and slippers are allowed. For information on Public Days, please check our website. The world
      288 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon New Seletar outfit to boost ST Aero’s training chops
      426 10  -  $26.6m centre will house air charter, ground and flight training facilities By RAPHAEL LIM raphlim@sph.com.sg ST Aerospace, a subsidiary of ST Engineering, has opened a new $26.6 million aviation centre at Seletar Aerospace Park (SAP). Housing air charter, ground and flight
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  426 words
    • Article
      Lock icon Havas launches ‘media village’
      288 10 Havas Creative and Havas Media now under one roof in Robinson Road HAVAS Worldwide, an integrated marketing communications agency, launched its media village in Singapore yesterday. Housed on one floor of 80 Robinson Road, the media village brings together the Havas Creative Group and the Havas
      288 words
    • Article
      Lock icon DBS to harness latest technology in lab tie-up with A*Star unit
      319 10  -  It wants to tap I²R’s network of over 600 researchers and engineers, and infocomm IP By JACQUELYN CHEOK jaccheok@sph.com.sg DBS Bank and A*Star’s Institute for Infocomm Research (I²R) will be setting up a joint lab to find innovative ways
      319 words
    • Article
      Lock icon SIA grounds A380 plane after finding scratches on fuselage
      325 10 AFP SINGAPORE Airlines said yesterday that it had grounded an Airbus A380 superjumbo for further inspection after scratches were found on its fuselage. The scratches were discovered after the double-decker plane, the world’s biggest passenger aircraft, arrived in Frankfurt on Sunday
      AFP  -  325 words
    • Article, Illustration
      Lock icon OCBC chief: Singapore economy will hold up well
      216 10 A STABLE Singapore will enable the economy to do well in the Year of the Horse, according to OCBC group CEO Samuel Tsien. He made these comments during a walkabout at the OCBC Centre branch as part of the bank’s Chinese New
      216 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Training scheme for cooks on merchant ships
        63 10 THE Singapore Organisation of Seamen (SOS) is working with the Employment and Employability Institute (e2i) to launch a training programme for cooks on board merchant vessels. The yet-to-be-named programme will encompass culinary training and maritime regulatory courses. To be launched in April, it
        63 words
      • Article
        Lock icon Franchise trade show in Vietnam
        94 10 BIZLINK Exhibition Services will be bringing the International Franchise Business Opportunities (IFBO) trade show to Vietnam this May. To be held on May 28-30 at Ho Chi Minh City’s Tan Binh Exhibition Convention Centre, the event aims to bring international brands, franchisors and companies to
        94 words
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      21 10 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices BgAraldU NOTICES CLA/FEB1 1/g
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Collecting taxes online among Widodo’s plans
      1151 11 Presidential hopeful says move will lift Jakarta revenue and tackle corruption Bloom berg [JAKARTA] Jakarta Governor Joko Widodo, a potential candidate for Indonesian president, plans to boost the capital’s budget by about 75 per cent for this year by moving tax collection online to
      Bloomberg; PHOTO: AFP  -  1,151 words
    • Article
      Lock icon Indonesia notches solid Q4 growth
      403 11 GDP rises 5.72%, more than the 5.3% analysts expected and more than Q3’s 5.62% Reuters [JAKARTA] Indonesia’s economy grew at a faster annual pace than expected in the fourth quarter, as domestic consumption remained strong despite aggressive tightening by the central bank. Gross domestic product
      Reuters  -  403 words
    • Article
      Lock icon PBB’s profit up 6% to RM4.1b; revenue jumps to RM15.3b
      532 11  -  Bank to pay 52 sen a share dividend for a total of RM 1.84b By S JAYASANKARAN in Kuala Lumpur PUBLIC Bank (PBB), Malaysia’s third largest lender by assets, announced yesterday 6 per cent rise in net profit to RM4.1
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    • Article
      Lock icon Newmont’s operations continue as it tries to resolve export ban
      297 11 Reu ters [JAKARTA] Newmont Mining Corp expects normal mining operations to continue at its copper-gold mine in Indonesia for at least the next two months, while it tries to resolve an impasse with the government over copper concentrate exports, chief
      Reuters  -  297 words
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      Lock icon Page 11 Advertisements Column 1
      157 11 SingExpress Travel Sr Safe2Travel U/XUUOU& Call us at 6438 2221 for other destinations 4-DAY/3-NIGHT CLUB MED GREAT FAMILY DEALS Bali, Cherating Beach, Guilin, Phuket and Yabuli Kids Stay FREE f S 1710 Travel by Apr 2014 (for family of 4} 9-DAY/7-NIGHT MYSTICAL TURKEY Instanbul, Canakkale, Troy, Jusadasi, Pamukkale, Konya, Cappadocia,
      157 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Alibaba valuation raised to US$153b
      543 12 Analysts expect the e-commerce firm to launch this year the biggest IPO since Facebook Bloomberg [HONG KONG] Alibaba Group Holding’s estimated valuation rose to an average of US$153 billion after the Chinese e-commerce company, said to be headed for an initial public offering this year,
      Bloomberg  -  543 words
    • Article, Illustration
      Lock icon China’s uncertain growth is biggest risk in emerging markets
      795 12 Ambiguity is adding to investors’ unease: Pimco’s Bill Gross Bloomberg [NEW YORK] Bill Gross, who oversees the world’s biggest bond fund at Pacific Investment Management Co (Pimco), said that the pace of economic growth in China is among the biggest questions
      Bloomberg; PHOTO: BLOOMBERG; PHOTO: REUTERS  -  795 words
    • Article
      Lock icon China’s growth now more in line with publicly stated data: Eaton CEO
      389 12 Bloomberg [DALLAS] Eaton Corp chief executive officer Sandy Cutler said China’s economy is accelerating, buoyed by increases in consumer spending, bringing growth in line with the country’s public pronouncements. China may have inflated the extent of its expansion
      Bloomberg  -  389 words
    • Article, Illustration
      Lock icon Mallya fighting to retain his empire
      503 12 AFP [MUMBAI] More than a year after one of India’s top airlines, Kingfisher, stopped flying, its flamboyant owner Vijay Mallya is battling against losing control of his US$2.2 billion corporate empire. Mr Mallya, once the self-proclaimed “King of Good Times”, made his fortune in
      AFP  -  503 words
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      101 12 Experience it for yourself. Exhibit at c/7 air Singapore Gifts Premiums Fair 2014 16- 18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com Impressions of SGPFair 2013 ...This year's leads seem to be of better quality! BIC PRODUCT (SINGAPORE) Quality crowds FOUR SEASONS GIFTS Visible A&P exposure in main media. SASHA'S
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  • WORLD
    • Article
      Lock icon Panasonic shares soar on firm’s return to profit
      326 13 AFP [TOKYO] Panasonic shares rocketed 16 per cent yesterday morning after the struggling Japanese electronics giant said it swung into the black for the April-December period with a US$2.4 billion profit. The Tokyo-listed shares soared to 1,230 yen, following the announcement after
      AFP  -  326 words
    • Article
      Lock icon Japan’s real wages down, matching 2009 crisis low
      717 13 Employers, unions start annual pay talks, with sales tax increase looming Bloomberg [TOKYO] Japan’s base wages adjusted for inflation last year matched a 16-year low in 2009 when the world was gripped by recession, posing a risk to consumer spending as the
      Bloomberg  -  717 words
    • Article, Illustration
      Lock icon Travel chaos in London as train workers begin 2-day strike
      660 13 Unions unhappy over plans to close outlets, cut jobs Bloomberg [LONDON] A two-day strike by London Underground employees over job cuts and closures has caused travel chaos in the capital as stations remained closed and buses struggled to cope with
      Bloomberg; PHOTOS: REUTERS, AFP  -  660 words
    • Article, Illustration
      Lock icon Foreign firms rush to make Iran trade deals
      619 13 Even preliminary deals could weaken West’s leverage: US WP [WASHINGTON] The Obama administration conceded on Tuesday that foreign firms are jockeying to be “first in line” to do business with Iran once sanctions are loosened, despite US warnings that even preliminary trade
      WP  -  619 words
    • Article, Illustration
      Lock icon Rising prices put pressure on Philippine rates
      550 14 Central bank: room to hold interest rates steady reduced after CPI rises 4.2% Reuters [MANILA] The sustained uptrend in the Philippines’ inflation over the past five months reduces the room that the central bank has to hold interest rates steady, the governor said
      Reuters; PHOTO: REUTERS  -  550 words
    • Article
      Lock icon Australian court rules ANZ late fees illegal
      290 14 Finding opens door for other lawsuits against Aussie banks Reuters [SYDNEY] Australia and New Zealand Banking Group (ANZ) was “extravagant, exorbitant and unconscionable” to charge its customers fees for late payments, the Federal Court ruled yesterday, opening the door to further lawsuits on
      Reuters  -  290 words
    • Article, Illustration
      Lock icon Cyprus banks’ bad loans hit 42% ratio
      615 14 AFP [NICOSIA] Banks in reces-sion-hit Cyprus, reeling from a financial crisis, are struggling with non-per-forming loans that make up nearly half their lending and are hampering efforts to finance a cash-starved economy. The central bank says banks’ liquidity is sufficient to absorb NPLs
      AFP; PHOTO: AFP  -  615 words
    • Article
      Lock icon RBA will resume rate cuts, say leading economists
      420 14 Bloomberg [SYDNEY] Three of Australia’s foremost market economists with a century of experience between them are defying their peers and traders’ bets by predicting that the central bank would be forced to resume cutting interest rates. Hours after the Reserve Bank of
      Bloomberg  -  420 words
    • Article
      Lock icon Asset sales trim BP’s Q4 earnings
      560 14 Profit down to US$2.8b as output falls 20%; it plans US$10b more of disposals NYT [LONDON] BP, the British oil giant, on Tuesday joined other oil companies including Royal Dutch Shell and Exxon Mobil in reporting lower profit for the fourth quarter as production
      NYT  -  560 words
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      Lock icon Deutsche Bank sacks three New York forex traders
      587 15 Terminations linked to probe into alleged manipulation of forex markets Reuters [NEW YORK] Deutsche Bank AG has fired three New York-based currency traders, in the latest sign that a probe into alleged manipulation of foreign exchange markets is gathering steam, according to
      Reuters; PHOTO: REUTERS  -  587 words
    • Article
      Lock icon Dubai investment bank to open in Saudi Arabia
      428 15 Bloomberg [DUBAI] Arqaam Capital, the Dubai-based investment bank expanding across the Middle East and Africa, plans to open in Saudi Arabia within the next year to take advantage of rising demand for assets in the region. “Saudi Arabia is the region’s biggest
      Bloomberg  -  428 words
    • Article
      Lock icon Morgan to pay US$1.25b to resolve mortgage case
      289 15 Bank to add US$150m to its legal reserves as a result of the settlement Reuters [NEW YORK] Morgan Stanley said it would pay US$1.25 billion to the US regulator for Fannie Mae and Freddie Mac to settle a lawsuit related to the
      Reuters  -  289 words
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      Lock icon Private-sector job growth slows in Jan
      609 16 Services sector rebounds, firms add workers at fastest pace in over 3 years LATEST US DATA Reuters [NEW YORK] US private employers added 175,000 jobs in January, the smallest gain since August as wintry weather kept a lid on hiring, a report by a
      Reuters; PHOTO: AFP  -  609 words
    • Article
      Lock icon Time Warner’s Q4 profit surpasses expectations
      537 16 Revenue also up; it increases its stock buyback fund Bloomberg [NEW YORK] Time Warner the media company that owns HBO and the Warner Bros film studio, surpassed fourth-quarter profit estimates and made the biggest increase to its stock-buyback fund in seven years. Excluding some
      Bloomberg  -  537 words
    • Article
      Lock icon Wet weather dampens UK services growth
      331 16 Bloomberg [LONDON] UK services grew at the slowest pace in seven months in January as new business cooled and wet weather soaked the country. An index based on a survey of purchasing managers declined to 58.3 from 58.8 in December, Markit Economics said in
      Bloomberg  -  331 words
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      Lock icon Thailand will boost rice sales to fund farmers’ scheme
      703 16 tonnes of exports. Bloomberg, Reuters, AFP [BANGKOK] The Thai government is poised to boost rice sales from record state stockpiles to fund a buying programme from farmers, hurting prices of the grain this quarter, according to a shippers’ group. The move
      tonnes of exports. – Bloomberg, Reuters, AFP; REUTERS FILE PHOTO  -  703 words
    • Article
      Lock icon UN watchdog to Vatican: surrender child sexual abusers
      397 16 AFP [GENEVA] The Vatican must remove all child sexual abusers from their posts and turn them over to the police, the United Nations children’s rights watchdog said yesterday. The UN Committee on the Rights of the Child urged the Holy See to
      AFP  -  397 words
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      Lock icon Facebook’s best is yet to come: Zuckerberg
      620 17 All-time closing high for FB shares as the company celebrates its 10th anniversary AFP [SAN FRANCISCO] The dec-ade-long adventure since the founding of Facebook has been an “amazing journey”, but the best is still to come, said its founder Mark Zuckerberg. The chief
      AFP; PHOTO: BLOOMBERG  -  620 words
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      Lock icon Gates’ mentor role at Microsoft is a double-edged sword
      833 17 NYT [SEATTLE] Bill Gates is back in the building at Microsoft. On Tuesday, Microsoft announced that Mr Gates, a longtime titan of the tech industry, was shedding his role as chairman to dig in more with products and technology at the
      NYT  -  833 words
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      1474 13 WATS NOTICES PARADIGM INVESTMENTS PTE. LTD. Registration No. *****3780D (Incorporated in the Republic of Singapore) Registered Office: 163 Penang Road #02-03 Winsland House II, Singapore *****3 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be convened and held at 163
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      73 14 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister for Transport, Union of Myanmar a Philippe Ruffier Johnson Johnson And more...
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      31 14 AFRICAN ATTRACTION The “last frontier” is drawing more Indian companies from Singapore SHILPA ON MOTHERHOOD GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      31 words
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      422 15 STPROPERTY SEMINAR Eft. 3$ I ?£0?^TY i—.MARKET n.r,'/ r A A YEAR OF THE HORSE Date: 1&2March2014 Venue: Suntec City Convention Centre, Hall 406 1 Raffles Boulevard, Suntec City, Singapore *****3 Time: 2pm 6pm c ST ii> I All prices are inclusive of GST TICKETS NORMAL -3- f vg >
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      Lock icon Page 17 Advertisements Column 1
      31 17 THE STRAITS TIMES mi SoSM SG’s Yummiest Food News Reviews Jt Available on the K AppStore Download app, register collect points to redeem goodies n iv 5* r -vF--mjt 'f 'I
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  • EDITORIAL & OPINION
    • Article
      Lock icon Singapore Airshow: a much-valued platform
      469 18 EDITORIAL THE biennial Singapore Airshow, which kicks off this weekend, is one of the few multi-faceted events in the region that combines both military and commercial aviation in one strategic location. Thus it brings together the largest number of high-level military and government delegations and
      469 words
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      Lock icon Beijing must abide by the world’s trading rules
      784 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 LAST month, China disclosed figures for 2013 confirming that it had replaced the United States as the world’s largest trading nation, with the
      784 words
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      Lock icon Don’t look back – leaders must find new inspiration
      914 18  - Don’t look back leaders must find new inspiration Unless nations reinvent themselves and plan ahead now, they will get left behind WILLIAM PESEK The writer is a Bloomberg View columnist Bloomberg INDONESIA is growing at 6 per cent, has rejoined the ranks of investment-grade nations, and after decades under the
      Bloomberg; PHOTO: REUTERS  -  914 words
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      Lock icon Press the reset button for the IMF
      903 19  -  The Fund is in a crisis of governance, with big developing nations frustrated with the West’s grip on power By ROBERT H WADE JAKOB VESTERGAARD NYT FOR all the criticism that has been directed at it over the decades, the International Monetary Fund
      NYT; BLOOMBERG FILE PHOTO  -  903 words
    • Article
      Lock icon Share-gains tax: more clarity needed
      744 19  -  By YIP YOKE HAR, GOH CHIEW MEI The writers are insurance tax leader and senior corporate tax manager, respectively, at PwC Singapore IT IS often said that nothing is certain but death and taxes. Ironically, the converse may not be true when it comes to
      744 words
    • Article
      Lock icon Hewlett-Packard still regrets buying Autonomy
      502 19  -  By JONATHAN WEIL Bloomberg View AN age-old argument for making public companies switch audit firms every so often is that it brings fresh eyes to their books, increases the chances of spotting problems and keeps incumbent auditors on their toes. The big accounting firms’ long-standing
      Bloomberg View  -  502 words
    • Article
      Lock icon Insurance claim process requires explicit regulations
      432 19 LETTER TO THE EDITOR IT was unfortunately necessary for me to file claims recently on two of my insurance policies issued by Manulife Singapore. From my ongoing experience with Manulife, I believe that there is an obvious need for explicit regulations governing the conduct
      432 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon LNG may soon overtake oil as main ship fuel
      717 20 Cheaper gas, stricter environmental rules create demand for cleaner alternative Reuters [LONDON] Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service stations on water and land. The expectation
      Reuters  -  717 words
    • Article
      Lock icon Google barge with no permit may have to leave
      269 20 AFP [SAN FRANCISCO] A mystery barge being built by Google on a pier at a former Navy base in the San Francisco Bay may be told to cast off. It turns out that officials running the base while it is in
      AFP  -  269 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 20 SGX '000 Feb 05 S$ +/-Vol Ch Offshore 0.43 unch 51 Chuan Hup Hldg 0.26 unch 201 Feb 05 Cwt Limited................1.29 -0.01 4308 First Ship Lea unch unch 0 Grand Banks 0.22 unch 191 Jaya Hold Ltd unch K1Ventures.................0.19 unch 400 Keppel Corp 10.29 0.10 4444 Mercator Lines
      235 words
    • Article, Illustration
      Lock icon Backlog helps Boeing cut currency risks
      532 20 Bloomberg [CHICAGO] Boeing Co, the world’s largest planemaker, says that it’s cushioned against currency market turmoil by an order backlog for its best-selling 737 jet that’s large enough to keep factories busy for seven years. Boeing can count on strong demand for the popular
      Bloomberg; PHOTO: REUTERS  -  532 words
    • Article
      Lock icon Airbus to offer India assembly to clinch C295 military plane order
      583 20 New Delhi has invited bids for 56 transport planes to replace Avro fleet Bloomberg [NEW DELHI] Airbus, aiming to pitch its C295 plane to the Indian Air Force, said it may set up a local assembly line for the
      Bloomberg  -  583 words
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      361 20 CRYPTIC CROSSWORD Across 6 Reviewed, I had a drab year, awful time (3,4,3) 8 Old boy with extremely obscure source of notes (4) 9 One giving delivery in a stall? (9) 11 Some mighty keen Yorkshireman (4) 12 Item for all to see in party (3) 13 Hitchcock film having
      361 words
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  • Article
    Lock icon Shipping Times
    1313 21 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,313 words
  • Page 21 Advertisements
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      59 21 'yTS L IE PC Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT FORWARDER urgently needed by shippers Can they find your services here
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3171 22 Transaction date: Feb 5 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 11.5 7 AEM 14 11.5 8Telecom M Cap High 188 106 AIMSAMPIReit Company Sale ('000)
      3,171 words
    • Article
      Lock icon SGX CATALIST
      288 23 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 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller
      288 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11477 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.78/ China Opportunities 1 2 5982/ FM local Ccy Bond 0 8583/ Furopean
      11,477 words
    • Article
      Lock icon GLOBALQUOTE
      249 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US40.5 unch 3107 41 40.5 40.5 41 2666.7 Sale 318 191 TanChongInt HK296 -2 39 296 296 296 298 4.3 2.4
      249 words
    • Article
      Lock icon SGX ETF
      922 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 112 -1.1 37 112 112 112 113.5 511.3 143 119 CIMB APAC Div 100S$D 120 +1 0 120 120 118
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      678 24 Feb 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.10 *****.06 *****.86 Mar14 *****.00 *****.00 *****.00 *****.00 *****3 *****2 Jun14 *****.00 *****.00 *****.00 *****.00 399 3156 MSCI TAIWAN INDEX FUTURES SPOT 293.59 293.59 287.37 Feb14 291.50 292.20 286.10 287.90 0 *****3 Mar14 292.10
      678 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 4 Index Change Change Change Change Change Change World Preliminary 1123.4 -0.1 -5.2 -0.7 -5.1 -0.2 -5.5 EAFE Preliminary 901.6 -1.3 -5.7 -1.8 -5.8 -1.3 -6.2 Europe Preliminary 1307.3 -0.2 -3.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Feb 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.388 0.658 6.901 55.519 108.363 0.899 9.582 2.952 1.084 93.740 40.292 1.129 9.890 0.804 26.998 29.158 0.545 0.889 Canada 1.016 5.474
      471 words
    • Article
      Lock icon SIBOR
      32 24 Feb 5 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Feb 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.58 101.66 101.63 5-Year NX*****W 2.5 01-Jun-19 105.24 105.42 105.28
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    • Article
      Lock icon PRECIOUS METALS
      137 24 Feb 05 GOLD(US$/oz) Feb 05 Feb 04 Hong Kong 1264.00 1264.00 Feb 04 Feb 03 London 1250.80 1263.51 1251.50 1264.28 Source: Thomson Reuters CAST BAR Feb 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 327 255 10gm 583 511
      137 words
    • Article
      Lock icon PALM OIL
      57 24 Feb 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2540.0 2540.0 2545.0 2528.0 279 1664 Mar 14 2537.0 2542.0 2548.0 2532.0 2577 ***** Apr 14 2537.0 2546.0 2553.0 2533.0 8097 ***** May 14 2532.0 2543.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Feb 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1279 1.1293 0.8887 0.8892 Canadian dollar 1.1460 1.1473 0.9034 0.9029 Euro 1.7148 1.7163 1.3511 1.3514 NZ dollar 1.0402 1.0413 0.8196 0.8199 Sterling pound 2.0703 2.0719 1.6312 1.6314
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Feb 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1313.25 1292.75 1316.00 1291.00 May 14 1297.50 1278.25 1300.00 1276.50 Jul 14 1279.50 1262.25 1281.75 1260.50 Aug 14 1233.50 1220.00 1235.75 1219.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
      109 words
    • Article
      Lock icon LIFFE
      94 24 Feb 4 COCOA (£/tonne) Close Prev High Low Mar 14 1840 1862 1865 1835 May 14 1831 1852 1854 1826 Jul 14 1826 1847 1849 1821 Sep 14 1819 1836 1837 1814 COFFEE(US$/tonne) Close Prev High Low Mar 14 1809 1867 1905 1785 May 14 1801 1839 1883 1770
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1102 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.2 unch 250 1 123 174 225.00 3 Exer Albedo Limited W*****9 Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 1 Ascendas Reit MB
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Feb 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.46 0.50 WTI (Near Mth) 97.37 0.74 Dubai (1-Mth F) 101.79 -0.34 Tapis blend 113.01 0.09 Minas 106.01 0.09 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.61 -0.22 Jet Kerosene 120.89 0.14 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Feb 5 S$ Bid Offer 1-month 1.2692 1.2700 2-months 1.2691 1.2699 3-months 1.2691 1.2699 6-months 1.2688 1.2697 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 24 Feb-04 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1644.25 1633.55 3 months 1689.00 1677.00 Copper, Grade A(US$/tonne) Cash 7082.50 7075.00 3 months 7041.00 7038.00 Lead(US$/tonne) Cash 2071.50 2062.75 3 months 2093.50 2083.50 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 24 As at 9am Feb 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.156 1.101 Can dollar 1.164 1.120 Euro 1.754 1.671 Sterling pound 2.110 2.029 NZ dollar 1.066 1.025 US dollar 1.294 1.233 Local dollars to 100 units of foreign
      127 words
    • Article
      Lock icon INTERBANK RATES
      161 24 Feb 5 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article, Illustration
      Lock icon Canadian parents helping finance kids’ homes
      1038 25 Prices up 84% in 10 years, pressing limits of affordability for most buyers Reuters [TORONTO] Laura Parsons helped her son buy his first home four years ago, and she’s ready to help her daughter do the same, making her part of what many say
      Reuters; PHOTO: REUTERS  -  1,038 words
    • Article, Illustration
      Lock icon Peruvian bets big with acquisition of iconic Detroit eyesore
      888 25 NYT [DETROIT] It was late Friday afternoon before the Labor Day weekend when Fernando Palazuelo reached the head of the line at the tax collection window of the treasurer’s office in Wayne County, Michigan. He had travelled almost 6,000km from Lima,
      NYT; PHOTO: AFP  -  888 words
    • Article
      Lock icon Househunt
      488 25 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN DEC 25 AND DEC 31, 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 Emerald Gdn Apt 26/12/2013 999 807 1562 1934 District 3 NON-LANDED The
      488 words
    • Article, Illustration
      Lock icon Anson House put up for sale for $175-180m
      780 26  -  Prudential Tower, Equity Plaza, AXA Tower understood to be on the market too By KALPANA RASHIWALA kalpana@sph.com.sg IT seems Anson House finds a new owner every two or three years. Its current owner, CBRE Global Investors, is understood to have put the
      PHOTO: ARTHUR LEE  -  780 words
    • Article
      Lock icon Westgate Tower put up for lease by new owners
      440 26  -  By KALPANA RASHIWALA kalpana@sph.com.sg WESTGATE Tower, a 20storey office block next to Jurong East MRT Station that will be completed by year-end, is back on the leasing market after a Sun Venture-Low Keng Huat (LKH) tie-up recently exercised options to buy
      440 words
    • Article
      Lock icon Tuas South long-lease industrial site for sale
      245 26 A LONG-LEASE industrial site in Tuas South has been launched for sale by Expression of Interest for $8.9 million, says exclusive marketing agent Jones Lang LaSalle. The 34,189 square foot site at 17 Tuas South Street 5 consists of a two-storey building with
      245 words
    • Article
      Lock icon Swiss property market closer to overheating: UBS
      333 26 Bloomberg [ZURICH] Switzerland’s property market is at greater risk of overheating, raising the question as to whether the authorities have done enough to curtail the boom. The UBS Swiss Real Estate Bubble Index rose to 1.23 points in the fourth quarter from 1.2
      Bloomberg  -  333 words
    • Article
      Lock icon Upgrader interest expected at Riverbank @ Fernvale
      493 27  - Upgrader interest expected at Riverbank Fernvale Average price for 555-unit Sengkang private condo just over $1,000 per sq ft By SHEENA TAN FELDA CHAY tsheena@sph.com.sgfeldac@sph.com.sg THE sale of units at UOL Group’s 99-year leasehold development Riverbank Fernvale will begin next Friday, while viewing opens today. The average price indication for
      493 words
    • Article, Illustration
      Lock icon London’s office space shortage sparks interest in older buildings
      1110 27 Bloomberg [LONDON] Modern office towers with nicknames like the Walkie Talkie and the Cheesegrater are being completed high above the City of London, giving the impression there’s plenty of room for a resurgent financial industry. Closer to the ground, developers are
      Bloomberg; PHOTO: BLOOMBERG  -  1,110 words
    • Article
      Lock icon Mizuho eyeing Australia commercial property
      496 27 Bloomberg [SYDNEY] Mizuho Bank Lt d p ar t o f J a p an s third-largest lender by market value, is considering Australian commercial real estate projects as it seeks to top last year’s US$2.5 billion of syndicated loans in the South Pacific nation.
      Bloomberg  -  496 words
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      Lock icon Page 26 Advertisements Column 1
      222 26 Prime DISTRICT 11 FREEHOLD Apartments I diB *3S i-u hi SilZ! ■p nsi f >: W: For Sale Via Private Treaty Newton Imperial, 24 Newton Road Freehold tenure Attractive pricing; high capital appreciation even with ABSD 21 Apartments available for bulk sale Total Area of 38,201 sq ft (1,938 sq
      222 words
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      Lock icon Page 26 Advertisements Column 2
      141 26 Sft Jones Lang FREEHOLD BUNGALOW AT JERVOIS RD D10 FOR SALE BY TENDER 2 storey bungalow Prime Address Land approx: ***** sq.ft/9000 sq.ft Beautifully Renovated Elevated High Ground Wide Frontage Attractive Price Closing date: 5th March 2014 (Wed) at 4pm For enquiries, please contact: Bernard Wu (CEAReg. no: roiosssh) Jones
      141 words
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      Lock icon Page 26 Advertisements Column 3
      225 26 For the outlook of 2014, long term capital continues to Ilow Into Asia and the Gateway cities. Singapore 4 stars Hotel Opportunistic Investment in Residential bloc sale Strata Office Space Core Office Investment in Prime Location Grade B office building with 3.5% yield Grade A office building Value added Investment
      225 words
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      Lock icon Page 26 Advertisements Column 4
      169 26 International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region 3 4 Star Hotels Office Commercial Buildings Bulk Sale Of Undervalued Prime Freehold Strata Retail Office Units Boutique Budget Hotels Commercial
      169 words
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      Lock icon Page 27 Advertisements Column 1
      157 27 FIABCI Prix d Excellence Award 2013 s i n a r a n w I rr w UHI1!Sl!*sSF THERE'S ALWAYS ROOM FOR MORE LUXURY AT THE TOP The penthouses of Soleil Sin a ran embody the very finest in ultimate luxury living. The desirability is further heightened by the rarity
      157 words
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      Lock icon Page 27 Advertisements Column 2
      205 27 LONDON PROPERTY OWNERS IS YOUR EMPTY? V o WE H P PROF ANTS A N Some developments we have pre-let/ let managed ALTITUDE THEARTHOUSE BEZIER THE TOWER STRATA SPACE El 4- BALTIMORE WHARF TRITON 4 THE HERON 4 LIBRARY BUILDING 4 PAN PENINSULAR 4 THE HENSON FREE INSPECTION HANDOVER SERVICE
      205 words
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  • TRANSFORMING TANJONG PAGAR
    • Article, Illustration
      Lock icon Straddling the old and the new
      916 28  -  CORINNE KERK profiles the vibrant and unique CBD sub-district of Tanjong Pagar which, according to property industry players, looks set to rival Marina Bay as a fully self-serviced business and residential enclave PRIMED FOR THE FUTURE CBD CORINNE KERKprofiles IT IS a business district.
      916 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      165 28 i 74 M 7 /Z >z m m id m m n a a ri n ji n ip i rn n n ran i m s ililiil! Hi mmm BURJ KHALIFA, DUBAI. ONE WORLD TRADE CENTER, NEW YORK. TANJONG PAGAR CENTRE, SINGAPORE. SINGAPORE’S TALLEST VERTICAL CITY JOINS THE RANKS
      165 words