The Business Times, 10 July 2014

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, July 10, 2014
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  • 704 1  -  Exit polls in presidential election show large winning margin By JEFFREY HUTTON in Jakarta JAKARTA Governor Joko Widodo widely known by his nickname Jokowi declared victory in Indonesia’s third direct presidential election yesterday with exit polls suggesting he had a wider-than-expected margin over
    PHOTOS: REUTERS; BLOOMBERG  -  704 words
  • 885 1  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Industrialists who build their properties on JTC land and become the major occupiers of that space will soon have to take up at least 70 per cent of the total gross floor area (GFA), up from 50 per
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,275.46 (-7.88) HST INDEX FUTURES 3,272.00 (-8.00) HSIMSCI 372.49 (-1.11) HSIMSCI FUTURES 371.20 (-2.20) US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.711 2.125 EURO (US$/S$/€ 1.362 1.691 Foreign currency per US$ S$ YEN 101.70 81.90 RM 3.171 2.553 HK$ 7.750 6.240 BAHT 32.28 25.99 RUPIAH
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    • 48 1 Wednesday Change KL COMP 1,891.16 -1.49 NIKKEI 225 15,302.65 -11.76 HANG SENG 23,176.07 -365.31 SET INDEX 1,507.92 +0.34 JAKARTA COMP Closed MANILA COMP 6,903.79 -44.73 SEOUL COMP 2,000.50 -6.16 SHENZHEN B 861.14 -3.16 MUMBAI IND 25,444.81 -137.30 12 noon EDT Change DOW 16,933.47 +26.85 NASDAQ 4,408.24 +16.77
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    • 23 1 SINGAPORE MALAYSIA HONG KONG HONG KONG 6.55 5.00 INDONESIA 15.408 KOREA 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Page 1 Advertisements
    • 153 1 S’PORE NEWS More firms doing business in yuan PAGE 11 COMMENTARY Income equality goal for BRICS countries PROPERTY Hiap Hoe seeks sole buyer for Balmoral condo units PAGE 32 COMPANIES SIA Engg forms S’pore-based JV with Boeing PAGE 5 PAGE 23 MM Wmmm mrngm um v&Zci m -is JL The
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  • TOP STORIES
    • 420 2 Jokowi claims victory in Jakarta; Prabowo demurs JOKO Widodo declared victory in Indonesia’s presidential elections with exit polls hinting he has a wider than expected lead over Prabowo Subianto. FRONT PAGE JTC clamps down on industrial subletting ANCHOR tenants at industrial spaces will soon have to take up
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    • 886 2  -  Management of overall healthcare costs, setting aside reserves required By NISHA RAMCHANDANI By nishar@sph.com.sg @Nisha_BT [SINGAPORE] MediShield Life will need to be sustainable for the long run, which will require the management of overall healthcare costs as well as setting aside sufficient reserves to meet
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    • 511 2  -  By CLAIRE HUANG huangjy@sph.com.sg [SINGAPORE] A price war among the five insurers offering Integrated Shield Plans (IPs) here is brewing. In an e-mail reply, NTUC Income said that it is “committed to not increasing premiums for the top-up portion for all IPs”,
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    • 522 2  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] COE premiums were largely flat in yesterday’s bidding exercise, the first for this month, as both dealers and buyers anticipate lower prices in the coming months. Category A for cars below 1,600cc and 130 hp inched up $91 to
      522 words
    • 47 2 Commentators have urged the Singapore government to reconsider issuing inflation-linked bonds amid the ongoing debate about retirement accounts and rising costs. While there are good reasons to consider creating such products, be warned: they are not a panacea for inflation. BT Explains
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    • 615 4  -  His US$5.2b net worth is 1 /5 of combined wealth of top 10: Wealth-X By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] In landscarce Singapore, real estate is king. It is this which has put Philip Ng, the chief executive of Far East Organization, in
      615 words
    • 724 4  -  By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] Cyber security breaches pose a real threat to merger-and-acqui-sition (M&A) deals, yet businesses are showing a remarkable level of complacency when it comes to dealing with this risk, says a new global study by international law
      Source: Freshfields Bruckhaus Deringer  -  724 words
    • 794 4 WORLD CUP Reuters [RIO DE JANEIRO] The nation whose attacking soccer has thrilled the world for generations was left heart-broken yesterday morning after Brazil’s humiliating 7-1 loss to Germany in the World Cup semi-fi-nals. Brazil has hosted one of the
      Reuters; PHOTO: REUTERS  -  794 words

  • Page 3 Advertisements
    • 127 3 U AN A y TvXVCK i. X vx uVvAv v\\W 3TS. i. LUXURY INSPIRED IN EVERY DIRECTION Located at 8 Tomlinson Road, within the prestigious, tranquil Tanglin enclave and minutes to Orchard Road, HANA's prime position offers an enviable residential experience. Thoughtfully enhanced by bespoke Residence Concierge services provided by
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  • Page 4 Advertisements
    • 1072 4 GOODPACK LIMITED (UEN/Company Registration No. *****0547W) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding (i) S$62,000,000 4.25 per cent. Notes due 2016 comprised in Series 002 (ISIN: SG6S*****752) (the “Series 002 Notes”) (ii) S$65,000,000 4.70 per cent. Notes due 2017 comprised in Series 003 (ISIN: SG6V*****686)
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  • COMPANY NEWS
    • 528 5  -  Hitch not expected to disrupt acquisition by KKR By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT LOCAL logistics packaging company Goodpack has succeeded in having the holders of all but one of its bonds agree to waiving certain conditions that would be non-compliant as
      FILE PHOTO  -  528 words
    • 118 5 HERONS Investment Ltd is taking a 20 per cent stake in Sino-Singapore KAP Construction (SSKAP), a China-incor-porated property development joint venture now equally owned by two entities with links to some Singapore-listed companies. Under the new structure, Beijing Jin Hua Tong Da
      118 words
    • 482 5  -  Fleet-management services for airlines in Asia-Pacific and beyond By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT IN a move hailed as a game changer for the airline industry, SIA Engineering is forming a Singapore-based joint venture with Boeing to provide fleet-manage-ment services
      482 words
    • 312 9 SINGAPORE Exchange’s (SGX) opening of a new office in Hong Kong is the “first step” for the Singapore bourse to tie up with Hong Kong Exchanges and Clearing (HKEx), the South China Morning Post (SCMP) reported yesterday. The two exchanges became partners last December
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    • 694 9 DHG plans to boost health supplements sales, venture into Myanmar Bloomberg [HO CHI MINH CITY] DHG Pharmaceutical, Vietnam’s largest drugmaker by market value, plans to boost sales of health supplements, ramp up exports and expand into Myanmar as the industry faces tighter domestic controls on antibiotics.
      Bloomberg  -  694 words
    • 561 10  -  Market cap seen growing to US$54t by 2030, overtaking UK and Japan By RAPHAEL LIM raphlim@sph.com.sg CHINA’S equity market looks set to overtake those of the UK and Japan to become the world’s second largest by 2030, according to a new
      Source: Thomson Reuters, World Federation of Exchanges, BIS, Credit Suisse research  -  561 words
    • 444 10 Reuters [HONG KONG] Hong Kong’s securities watchdog has warned investment bankers they need to provide “meaningful disclosure” for initial public offerings (IPOs) as the regulator attempts to improve corporate governance. The Securities and Futures Commission (SFC) said in its inaugural newsletter on listing
      Reuters  -  444 words
    • COMPANY BRIEFS
      • 74 10 STARBURST Holdings’ initial public offering (IPO) of 50 million invitation shares for a listing on the Singapore Exchange Catalist board was about 9.5 times subscribed. Asdew Acquisitions and Eastspring Investments (Singapore) each took up more than 5 per cent of the offering shares. At the
        74 words
      • 63 10 TECHNICS Oil and Gas has secured contracts worth a total of $6.2 million through its subsidiaries. The deals involve the supply of gas booster compressor for production facilities and of gas compressor skid for the floating, storage and offloading vapour-recovery project for Vietnam. Technics is
        63 words
      • 70 10 METALS trader Unionmet (Singapore) yesterday reported a net loss of nearly US$2.2 million for its second quarter ended May 31, against a net profit of US$300,000 a year earlier. Revenue from continuting operations came in at US$5.96 million, a 9.5 per cent
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  • Page 5 Advertisements
    • 54 5 f *> O H R N A L I *rm CAR SHOE Patented in 1963 y. '.r< mnm m j i w ?*'V J I Wjdm d #11 i SINGAPORE SHOP 1-26, LEVEL 1, ION ORCHARD Tel +65 6238 0142 MILAN ROME CAPRI FORTE DEI MARMI LONDON DUBAI HONG KON'
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  • Page 6 Advertisements
    • 460 6 CITY GATE SHOPPES RESIDENCES Tomorrow’s city centre. Today’s key opportunity. **—fcFiffif. f? ;T V v-' jJSmi, .-JEXSf^ 1 BR 2 BR Artist’s Impression L K Si c i-T iT: ■*r T sasr^'i; IS n m: f 5* s f i ?>' i IE1 &*>* IT $ki r n |!»iAviA t
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  • Page 7 Advertisements
    • 200 7 'A* IN? CITY GATE SHOPPES RESIDENCES 1 r 4k V ij A rare chance to own a shop unit in a major landmark shopping mall. Price from $2,900 psf mglk v*. A-. 1 j* rail An iconic three-storey shopping mall over 155,000 sqft. Direct link to MRT at level 2.
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  • SINGAPORE MARKETS
    • 658 8  -  But firm Europe opening limits STI’s loss to single digit; broad market posts 235 falls to 186 rises STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WALL Street’s Tuesday plunge and Hong Kong’s 1.6 per cent loss yesterday meant a weak session for local stocks;
      Source: Bloomberg  -  658 words
    • 77 8 Jul 9 VALUE CLOSE BT OB/OS 31.00 +40.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 772.60 -0.49 FTSE ST Small Cap 563.86 +0.52 FTSE ST All Share 799.63 -1.50 FTSE ST China Top 199.01 -0.37 FTSE ST China 226.09 -0.18 FTSE
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    • 60 8 VOLUME SIIC Environment 1,178,559,000 Sincap 64,389,000 Artivision Tech 63,805,000 CCM Group W*****0 43,500,000 Oceanus 40,405,000 Charisma Energy 40,326,000 Vibrant Group 36,253,000 Ellipsiz 35,111,000 Compact Metal 34,109,000 APAC Strategic 28,804,000 VALUE($) SIIC Environment 185,893,419 UOB 67,630,993 DBS Grp 56,846,136 Ezion 45,678,265 SingTel 36,212,760 Jardine C&C 32,759,512 HongkongLand USD
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 0 0 3 8 3 Manufacturing 36 60 40 7 12 5 43 72 45 Commerce 17 16 21 3 9 1 20 25 22 Tpt/Stor/Comms 15 12 14
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    • 974 8  -  Compiled by CAI HAOXIANG Kim Heng Offshore Marine July 9 close: S$0.275 OCBC Investment Research, July 9 KIM Heng Offshore Marine Holdings’ core competencies lie in rig repair and maintenance, refurbishment of rigs, offshore fabrication and supply-chain management. The group enjoys good relationships with established players in the
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,990 26,990 36,371 36,371 Manufacturing 324,034 114,679 438,713 111,588 12,153 123,742 Commerce 103,681 43,193 146,874 97,576 4,791 102,367 Tpt/Stor/Comms 118,686 2,558 121,244 120,212 299 120,512 Finance 24,340 554 24,894 157,795 161 157,957 Construction 51,056 45,634
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    • 118 8 Stock name Close Change Ascendas Reit 2.290 -0.010 CapitaLand 3.190 CapitaMall Trust 1.930 -0.005 CityDev 10.200 +0.050 ComfortDelGro 2.500 DBS Grp 17.010 -0.060 Genting Sing 1.325 -0.005 Global Logistic 2.700 -0.010 Golden Agri-Res 0.555 HPH Trust USD 0.735 +0.005 HongkongLand USD 6.690 +0.040 JMH 400 USD
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    • 498 8 CURRENCIES Bloomb erg [LONDON] The US dollar yesterday snapped a three-day drop against the yen before the Federal Reserve releases minutes of its June meeting. The yen weakened against all but two of its 16 major peers. China’s yuan rose to the strongest
      Bloomberg; PHOTO: BLOOMBERG  -  498 words
    • 120 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 134.1 0.4 Lyxor Indonesia10US$ 9407 118.0 1.0 DBXT MSINDO 10us$ 1523 62.1 3.4 GLD 10US$ ***** 46.0 0.3 Lyxor ThaiSET 10US$ ***** 44.7 0.3 DBXT iBoxxSvEu 5US$ ***** 41.0 0.1 Jardine C&C 4680 35.0 0.8 JSH 500 USD 3706 32.3 0.7
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    • 137 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -188.8 -1.2 SPDRS S&P 500 10US$ ***** -103.1 -0.4 SPDR DJIA 10US$ ***** -88.2 -0.4 DBXT MSEurope 10US$ 6246 -73.3 -0.9 Lyxor Europe 10 US$ 1590 -65.8 -3.2 DBXT FTChina25 10US$ 3000 -60.9 -1.6 DBXT MSKorea 10US$ 6470 -59.6 -0.7 Lyxor
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 28 9 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • 260 9 w /ANCOUVER, CANADA PREVIEW Pre-launch units prices OFFICIAL LAUNCH VANCOUVER 20 SEP 2014 seD 547,690 onwards for 1 bedroom 65% BANK FINANCING AVAILABLE* =►:< 19 20 JULY 11AM TPM FOUR SEASONS HOTEL LEVELS,TEMASEK ROOM it- t-p in sail A -•A Will! li<! B mss. Iin!*Sn WHY VANCOUVER 0 Housing Price
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  • Page 10 Advertisements
    • 296 10 /5 i^ea Visit to Win A More than S$15 worth of prizes up for grabs! Pre-register your visit online and be rewarded with DOUBLE chances to win! z 7 Singapore Gifts Premiums Fair 2014 www.SGPFair.com m Massive Showcase of the Latest Products and Innovative Offerings from over 25 Countries Regions!
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  • SINGAPORE NEWS
    • 763 11  -  But non-yuan users holding out due to high forex cost and cumbersome process By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT MORE Singapore companies are using yuan to settle transactions at a time when China has become the world’s largest trading
      763 words
    • 365 11  -  Most of the firms there have restarted their operations Reports by LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT VIETNAM will compensate and assist those companies affected by the recent violent protests that erupted at two Singapore-run industrial parks in Binh Duong province. Most of the firms
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    • 420 11 M’sia is still committed to fulfilling its obligations under international law YESTERDAY IN PARLIAMENT NO reclamation works are now being carried out on two major Malaysian projects near Singapore, Senior Minister of State for Foreign Affairs Masagos Zulkifli told Parliament yesterday. Of
      420 words
    • 492 11 THE government cannot rule out, over the next five years at least, further refinements to Singapore’s tax system and to the basis on which the country draws on net investment returns for current spending. Law Minister K Shanmugam told
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    • 572 11  -  By CAI YONG caiyong@sph.com.sg AMONG 132 world cities, Singapore will have the fourth highest number of international visitors arriving by air by year-end, MasterCard has predicted. The Republic will welcome 12.47 million visitors who fly in here this year, 3.1 per
      572 words
  • Page 11 Advertisements
    • 179 11 o end once Supply Chain Training Centre Professional Qualifications in Procurement Supply Awarded by The Chartered Institute of Purchasing and Supply, Li.K. rs um EMPOWER YOUR LEARNING rr Diploma in Procurement and Supply The CIPS Diploma in Procurement and Supply is the most recognized professional qualification in purchasing and supply.
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  • MALAYSIA/INDONESIA
    • 638 12 Public response to the new breed of politicians has been remarkable Reuters [JAKARTA] Indonesia’s presidential election yesterday could be the last chance for old style politicians to lead what is one of the world’s biggest democracies, and one of its
      Reuters; PHOTO: AFP  -  638 words
    • 338 12 Reu ters [KUALA LUMPUR] Hundreds of American women are being ensnared by Internet scammers based in Malaysia, with some losing over a quarter of a million dollars, as the country becomes an epicentre for online crime perpetrated by Africans, US officials say. The
      Reuters  -  338 words
  • Page 12 Advertisements
    • 1355 12 CHINA KUNDA TECHNOLOGY HOLDINGS LTD (Incorporated in the Republic of Singapore) Company Registration No. *****2727W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of China Kunda Technology Holdings Ltd (the “Company”) will be held at SGX Centre 2, #17-01, 4 Shenton Way Singapore
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    • 1489 12 The Business Times Ik T^V 1 I 1 I /"I I 1 Toll free 1800-289-8822 I I I Email notices@sph.com.sg J J i L J www.sphclass.com.sg/notices Q China Essence Group Ltd. (Incorporated in the Cayman Islands on 15 August 2005) (Company Registration No. CT-*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE
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  • SINGAPORE ACCOUNTANCY CONVENTION
    • 1379 13  -  The global adoption of integrated reporting is slowly but surely gaining traction, but obstacles remain. KANreports. FRANCIS KAN A GLOBAL movement towards corporate reporting that aims to give a fuller picture of a company’s performance beyond its financial health is fast gaining acceptance, but more
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    • 131 13 THE International Integrated Reporting Framework released last December will be used to accelerate the adoption of integrated reporting (IR) across the world. Its purpose is to establish guiding principles for the overall content of an integrated report, and to explain the fundamental concepts that underpin them.
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  • Page 13 Advertisements
    • 327 13 INSTITUTE OF SINGAPORE CHARTERED ACCOUNTANTS THE CAPSTONE EVENT OF THE YEAR SINGAPORE ACCOUNTANCY CONVENTION 2014 Rare opportunity to hear from and network with prominent Chairmen that helm International Standard-Setting Boards! Professor Arnold Schilder, Chairman, International Auditing and Assurance Standards Board Mr Hans Hoogervorst, Chairman, International Accounting Standards Board for the
      327 words

  • CHINA
    • 538 14 AFP [BEIJING] Chinese inflation slowed to 2.3 per cent in June from a four-month high of 2.5 per cent in May, official data showed yesterday, giving authorities further room to stimulate growth in the world’s sec-ond-largest economy. The country’s consumer price index a main
      AFP; PHOTO: AFP  -  538 words
    • 643 14 Obama stresses need to build ties around common challenges and shared interests AFP Reuters [BEIJING] China and the United States met for high-level talks yesterday, with Chinese President Xi Jinping urging the world’s two biggest economies to break old patterns of confrontation. Given
      AFP; Reuters  -  643 words
  • Page 14 Advertisements
    • 2623 14 The Business Times Ik 1 ✓"’1 I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V I www.sphclass.com.sg/notices 0M€ SKY ONE HOLDINGS LIMITED (the "Company”) (Company Registration No. *****2949M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting
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  • Page 15 Advertisements
    • 2077 15 FABCHEM CHINA LIMITED (Incorporated in the Republic of Singapore on 12 October 2004) (Company Registration Number: *****3128G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of FABCHEM CHINA LIMITED will be held at 2 Bukit Merah Central, Level 1 Drucker/Juran Boardroom, Singapore *****5 on
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    • 2596 15 SingHaiyi Group Ltd. (the “Company”) (Company Registration No. *****3164K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING SINGHAIYI GROUP NOTICE IS HEREBY GIVEN that the Annual General Meeting of SingHaiyi Group Ltd. (the "Company”) will be held at Pan Pacific Singapore, Ocean 4-5, Level 2, 7 Raffles
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  • WORLD
    • 940 16 It is forecast to be energy independent by 2035, thanks to shale oil boom Reuters [NEW YORK] Four years into the shale revolution, the US is on track to overtake Russia and Saudi Arabia as the world’s largest producer of crude oil, most
      Reuters; PHOTO: BLOOMBERG  -  940 words
    • 526 16 Reuters [SINGAPORE] Asian grain importers are cutting back on purchases, hoping that prices already near mul-ti-year lows will drop even further on expectations of record global supply. Mills usually book cargoes three to four months ahead, but most Asian importers are locking in supplies just
      Reuters  -  526 words
    • 523 16 It has till July 30 to settle with hedge funds suing for full repayment of sovereign bonds Reuters [BUENOS AIRES] Argentina said on Tuesday that it would meet with a mediator in the country’s dispute with holdout investors for a second time
      Reuters  -  523 words
    • 557 18 Factories take safety measures as Typhoon Neoguri approaches region Bloomberg [TOKYO] Typhoon Neoguri is threatening to bring flooding and landslides to Japan’s southernmost main island of Kyushu, a region that’s a manufacturing centre for Nissan Motor Co and Toshiba Corp. Neoguri was west
      Bloomberg; PHOTO: REUTERS  -  557 words
    • 481 18 His America Movil is ready to divest assets in order to reduce market share Reuters [MEXICO CITY] Billionaire Carlos Slim’s America Movil said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms
      Reuters  -  481 words
    • 549 18 Firms pay 3 times more to borrow than German peers Bloomberg [MADRID] Companies in Spain are having to pay three times more to borrow than their German peers, potentially stifling an economic recovery needed to provide jobs for the one in four people
      Bloomberg  -  549 words
    • 532 20 Under local laws, bankers can be jailed for violating client confidentiality NYT [ZURICH] For a while, it seemed, the tide had turned against the tradition of secrecy in Zurich, the pristine Alpine city that is a hub of global banking. Switzerland joined 60
      NYT; PHOTO: BOOMBERG  -  532 words
    • 560 20 Reuters [LONDON] Britain’s financial watchdog is launching a broad “exploratory” review of competition in wholesale financial markets to check if they operate effectively to aid the economy and give their institutional, corporate and government customers a good deal. The Financial Conduct Authority (FCA) was
      Reuters  -  560 words
    • 572 20 Prayer rooms, hijabs, halal-certified whale meat are appearing AFP [TOKYO] Prayer rooms, hijabs made from local silk and even halal-certified whale meat are appearing in Japan as tourism bosses wake up to the growing demand from Muslim travellers. For a largely homogeneous country with
      AFP; PHOTO: BLOOMBERG  -  572 words
    • 479 21 ‘Magic Circle’ report growing revenues in year ended April, led by Clifford Chance Bloomberg [LONDON] London’s most successful law firms saw revenue increase in the last year as banking regulation and mergers and acquisitions (M&A) fuelled some of the strongest growth since
      Bloomberg  -  479 words
    • 426 21 Reuters [MANILA] The Philippines has shifted away from setting a target date for its plan to be completely self-sufficient in the production of rice, a senior government official said, likely keeping its doors open to imports beyond the current goal of
      Reuters  -  426 words
  • Page 16 Advertisements
    • 1265 16 THE BUSINESS TIMES Ik ~Ty^\ r I 1 M I 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices A SHC CAPITAL ASIA LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1631D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN
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    • 434 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HUGS PTE. LTD. Company Registration Number *****5496Z (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the member of Hugs Pte. Ltd. deemed to have been duly convened
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  • Page 17 Advertisements
    • 4591 17 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices BAN LEONG TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****3898C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ban Leong
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  • Page 18 Advertisements
    • 2083 18 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices [Ib/StST/SX POWERMATIC DATA SYSTEMS LIMITED (Company Registration Number: *****0414E) (Incorporated in Singapore with limited liability) NOTICE OF TWENTY-FIFTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fifth Annual General Meeting
      2,083 words
    • 663 18 DOVER COURT PREPARATORY SCHOOL (PTE.) LTD. (the “Company”) (incorporated in the Republic of Singapore) (Company/UEN Registration No. *****0313E) NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of the Company deemed to have
      663 words

  • Page 19 Advertisements
    • 2014 19 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices ~>/!-}[=;$(?+^<*{`?%)(-{,,{.,). YOMA STRATEGIC HOLDINGS LTD. YOMA STRATEGIC HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0185E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual
      2,014 words

  • Page 20 Advertisements
    • 1632 20 The Business Times NOTICES Toll free 1800-289-8822 Email noticesfSsph.com.sg www.sphclass.com.sg/notices NOTICE IS HEREBY GIVEN that the Annual General Meeting of our Company will be held at the Conference Room, No. 10 Changi South Lane #07-01 Singapore *****2 on Friday, 25 July 2014 at 11.30 a.m. to transact the following business:AS
      1,632 words
    • 1458 20 /K's’Y t NEKA GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Third Annual General Meeting of the Company will be held at the Conference Room, No. 10 Changi South Lane #07-01 Singapore *****2 on Friday, 25 July 2014 at 9.30 a.m. to transact the following business:AS ORDINARY BUSINESS 1. To
      1,458 words

  • Page 21 Advertisements
    • 1665 21 The Business Times jk I 1 I /"I I 1 P Toll free 1800-289-8822 I I Email notices@sph.com.sg J B V j B j il www.sphclass.com.sg/notices m/ BOUSTEAD SINGAPORE LIMITED I JJ (Incorporated in the Republic of Singapore) BOUSTEAD (Company Registration Number: *****1036K) Since 1828 NOTICE OF ANNUAL GENERAL MEETING
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    • 1193 21 BOUSTEAD SINGAPORE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1036K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the members of Boustead Singapore Limited (the "Company") will be held on Friday, 25 July 2014 at Frankel Room, Level 3, Grand
      1,193 words

  • EDITORIAL & OPINION
    • 488 22 EDITORIAL THE people of Indonesia voted for their president yesterday. It is only the second time in the country’s history that they will have a directly elected leader. The election has been a closely fought contest between the two candidates Prabowo Subianto, a former general, and
      488 words
    • 726 22  -  THE BOTTOM LINE WILLIAM PESEK Bloomberg View YEARS from now, when the history of Barack Obama’s much-maligned Asia “pivot” is written, he may owe a debt of gratitude to an unlikely ally: Xi Jinping. The Chinese president is, of course, vehemently opposed to
      Bloomberg View  -  726 words
    • 1026 22  - US Fed must embrace role as world ’s central banker As a global hegemon, US has the responsibility to manage the economy in its entirety J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of Economics at the University of California at Berkeley
      Project Syndicate; PHOTO: BLOOMBERG  -  1,026 words
    • 908 23  -  Group’s 6th annual summit next week at ‘tipping point’ in world history By ANDREW HAMMOND The writer, a former UK Government Special Adviser, is an associa te at LSE Ideas at the London School of Economics THE presidents and prime ministers of Brazil, Russia,
      PHOTO: AFP  -  908 words
    • 885 23  -  ANTHONY ROWLEY Tokyo Correspondent ‘WHERE have all the flowers gone?” asks the first line of a song penned in 1955 by American folk singer Pete Seeger. The flowers, it seems, were picked by young girls, who married soldiers, who then went into battle and
      885 words
    • 858 23  - Creativity fertile opposites working in harmony By DAVID BROOKS NYT IN the current issue of The Atlantic, Joshua Wolf Shenk has a fascinating description of how Paul McCartney and John Lennon created music together. McCartney was meticulous while Lennon was chaotic. McCartney emerged out of a sunny pop tradition. Lennon
      NYT; FILE PHOTO  -  858 words


  • SHIPPING/AVIATION
    • 460 24 Group sells 40% of Polvo field to Brazil’s HRT; analyst questions strategy Reuters [RIO DE JANEIRO] Danish oil and shipping group AP Moller-Maersk moved to shrink its Brazilian petroleum operations, selling its stake in its only producing Brazilian oilfield and saying it will write off
      Reuters  -  460 words
    • 240 24 Bloomberg [NEW YORK] American Airlines Group is poised to buy US$2.6 billion of jet engines from a General Electric Co venture that competes with United Technologies Corp’s Pratt Whitney, two people said. The 200 Leap-1A engines would outfit 100 Airbus
      Bloomberg  -  240 words
    • 695 24 Its mission is to compete with Airbus and Boeing AFP [SHANGHAI] The cavernous building that will house the final assembly line of China’s own passenger plane is virtually empty, except for an enormous Chinese flag and slogans to rally the workers
      AFP; PHOTO: AFP  -  695 words
    • 271 24 Bloomberg [TOKYO] Japan Airlines Co would probably get the industry’s highest credit rating should the carrier that emerged from bankruptcy in 2011 return to the bond market. The nation’s second-largest airline is preparing to seek a ranking that will enable it
      Bloomberg  -  271 words
    • 242 24 Bloomberg [SINGAPORE] Daewoo Shipbuilding Marine Engineering Co won an order valued at as much as US$2.8 billion for nine ice-class vessels that will haul gas from the Yamal LNG project in Russia, according to people familiar with the matter. Mitsui OSK Lines
      Bloomberg  -  242 words
    • 241 24 SGX '000 Jul 9 S$ +/-Vol Ch Offshore 0.45 unch 41 Chuan Hup Hldg 0.28 unch 70 Jul 9 Cwt Limited 1.73 -0.03 848 First Ship Lea Grand Banks 0.28 0.01 251 Jaya Hold Ltd 0.04 unch ***** K1Ventures................0.20 -0.01 2704 Keppel Corp 10.75 -0.02 1219 Mercator Lines
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  • Page 24 Advertisements
    • 75 24 HOT PROPERTY 7 D 500 SF L s D f DR 2 V f t S50 °/built merit attic base Modern desman r n P L BUNGLW 7brad^ElI~~Httc7 s 5 c H p k 2 cars. PrestS Immed. an1e ,ties SK attic C 5+H, R ??1 TVSe mi-D 3I00 sf.
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    • 46 24 INTEGRATION CUP 2014 !Goodie bag worth more than $200 !Jaguar XJ, hole-in-one prize Sign up at www.golfdigest.com.sg DOING GOOD, MAKING MONEY More people are setting up social enterprises in Singapore GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • Page 24 Miscellaneous
    • 333 24 CRYPTIC CROSSWORD Across 1 Drink’s needed by worker an aid to office work? (9) 6 Inform on German author (5) 9 A number heard before crashing? (7) 10 English doctor entering quiet medical area one that’s deceptive? (3-6) 11 Unusual gripe in the morning? That’s saying (7) 12 Comfort given
      333 words

  • 1218 25 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
    1,218 words
  • Page 25 Advertisements
    • 81 25 Experienced ship maintenance findyou y r I services services wanted, here mthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIHLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services
      81 words

  • SINGAPORE STOCKS
    • 4318 26 Transaction date: Jul 9 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 20 5.1 A-Sonic Aero Sale 97.5 69 ABR (’000) High Low Buyer Seller Div Gr Yld C'vr Net 159.4
      4,318 words
    • 450 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low 13.3 2.1 t Artivision Tech 12.3
      450 words
    • 10643 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.58/ EM Local Ccy Bond Aberdeen Asset Mat Asia Limited Global Emerging Markets!** P (*c China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD India Opportunities USD!** China Opportunities
      10,643 words
    • 235 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 343 215 TanChongInt HK325 unch 396 328 318 325 329 9.7 3.2 3.2 6545.2 DISCLAIMER: All information is published “as is” without warranty of any kind
      235 words
    • 1127 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 116 108.3 ABF SG Bond ETF 115 +0.1 7 115 115 115 115.2 525 135.5 119 CIMB APAC Div 100S$D 131.5 -1.1 131.5 131.5 130.3 132.9
      1,127 words


  • FINANCE & COMMODITIES
    • 658 28 Jul 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.32 *****.65 *****.32 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 345.19 345.58 343.87 Jul14 341.90 342.00 340.40 341.50 ***** *****9 Aug14 339.30 339.30 338.10 339.10
      658 words
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jul 8 Index Change Change Change Change Change Change World Preliminary 1234.9 -0.9 4.3 -1.2 3.2 -0.8 4.8 EAFE Preliminary 968.7 -1.0 1.3 -1.2 1.0 -0.8 2.6 Europe Preliminary 1385.1 -1.3 2.2
      373 words
    • 471 28 Jul 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.004 5.825 0.690 7.285 56.140 109.281 0.956 9.516 2.981 1.067 92.835 40.721 1.167 10.026 0.839 28.134 30.345 0.549 0.940 Canada 0.996 5.804
      471 words
    • 37 28 Jul 9 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths Source: Thomson Reuters
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    • 82 28 Jul 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.25 101.33 101.33 5-Year NX*****W 2.5 01-Jun-19 106.56 106.70 106.65 10-Year NX*****H 2.750 01-Jul-23
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    • 125 28 Jul 09 GOLD(US$/oz) Jul 09 Jul 08 Hong Kong 1327.00 1322.00 Jul 08 Jul 07 London 1315.28 1314.00 1315.90 1314.75 Source: Thomson Reuters Source: Reuters CAST BAR Jul 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 316 262 10gm
      125 words
    • 59 28 Jul 9 Jul 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2450.0 2453.0 2450.0 2433.0 198 996 Aug 14 2400.0 2413.0 2410.0 2392.0 1637 ***** Sep 14 2372.0 2384.0 2381.0 2361.0 ***** ***** Oct 14
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    • 155 28 Jul 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1671 1.1679 0.9398 0.9403 Canadian dollar 1.1629 1.1636 0.9369 0.9364 Euro 1.6907 1.6912 1.3614 1.3617 NZ dollar 1.0934 1.0942 0.8804 0.8810 Sterling pound 2.1251 2.1258 1.7112 1.7116
      155 words
    • 109 28 Jul 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1329.75 1363.00 1363.25 1325.50 Aug 14 1248.50 1273.25 1274.50 1244.00 Sep 14 1140.75 1150.25 1153.00 1136.00 Nov 14 1116.25 1125.50 1129.50 1115.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      109 words
    • 95 28 Jul 8 COCOA (£/tonne) Close Prev High Low Jul 14 1952 1948 1957 1932 Sep 14 1931 1924 1940 1910 Dec 14 1911 1903 1918 1890 Mar 15 1902 1891 1907 1881 COFFEE(US$/tonne) Close Prev High Low Jul 14 2065 2038 2074 2062 Sep 14 2063 2038 2075 2058
      95 words
    • 999 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5.1 0.3 1 -55 3.57 48 Asia-Pacific Strategic W*****6 3.8 unch 1000 1 2 58 Ratio Exer Asiatic Grp(Hldgs) Ltd W*****5 2.2 -0.1 661 0.0 2 14 Asiatravel.com
      999 words
    • 70 28 CRUDE OIL PRODUCTS Jul 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.32 -0.91 WTI (Near Mth) 103.57 0.14 Dubai (1-Mth F) 106.26 -0.79 Tapis blend 111.68 -0.78 Minas 107.28 -0.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.86 -0.58 Jet Kerosene 118.87 -0.62 US$/barrel OpecOil Basket
      70 words
    • 22 28 Jul 9 S$ Bid Offer 1-month 1.2419 1.2420 2-months 1.2419 1.2420 3-months 1.2418 1.2420 6-months 1.2417 1.2418 Source: OCBC
      22 words
    • 65 28 Jul-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1912.50 1892.25 3 months 1940.00 1924.00 Copper, Grade A(US$/tonne) Cash 7136.00 7126.00 3 months 7130.00 7125.00 Lead(US$/tonne) Cash 2187.75 2163.25 3 months 2216.00 2193.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.75 3 months *****.00
      65 words
    • 121 28 As at 9am Jul 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.197 1.140 Can dollar 1.186 1.141 Euro 1.732 1.650 Sterling pound 2.170 2.087 NZ dollar 1.119 1.076 US dollar 1.268 1.208 Local dollars to 100 units of foreign
      121 words
    • 157 28 Jul 9 $S Offer Bid 0vernight 0.02 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 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
      157 words

  • PROPERTY
    • 448 29 Move by Prudential property unit is in response to growing investor demand Bloomberg [SYDNEY] M&G Real Estate, the property investment unit of Prudential plc, plans to almost double its Asia-Pacific fund’s size in response to growing investor demand. London-based M&G, which has
      Bloomberg  -  448 words
    • 1455 29 PROPERTY TRANSACTIONS FOR DISTRICTS 2 TO 28 WITH CONTRACT DATES BETWEEN MAY 28 AND JUNE 3, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Icon Apt 28/05/2014 99 915 1530 1672 Onze@Tanjong Pagar Apt 30/05/2014 FH
      1,455 words
    • 413 29 It plans to buy more assets in major US cities ‘within a year’ AFP [BEIJING] China’s Wanda Group, controlled by the country’s richest man Wang Jianlin, says it will invest US$900 million in a five-star hotel and apartment complex in Chicago, as it acquires
      AFP; PHOTO: REUTERS  -  413 words
    • 1164 30 Fall in mortgage rates and discounts from builders lure back purchasers Bloomberg [HONG KONG] On a Saturday morning in mid-June, thousands wait, crammed into Hong Kong’s Fortune Metropolis mall, across Victoria Harbour from the main business district, their eyes locked on
      Bloomberg; PHOTO: AFP  -  1,164 words
    • 715 31 Analysts say Dubai risks overbuilding again with spate of new projects Reuters [DUBAI] Dubai Holding, the investment vehicle of the emirate’s ruler, will need 25 billion dirhams (S$8.5 billion) to build an entertainment district that will include the world’s
      Reuters; PHOTO: AFP  -  715 words
    • 218 31 Reuters [DUBAI] Dubai property developer Nakheel, which was a major victim of the emirate’s financial crisis five years ago but is now recovering strongly, reported a 54 per cent jump in profit for the first half of this year. The government-owned company made a
      Reuters; PHOTO: BLOOMBERG  -  218 words
    • 497 32  -  He’ll oversee residential, office, industrial and retail services By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT VETERAN property consultant Tay Kah Poh has returned to the fold, rejoining Knight Frank Singapore after a nine-year absence. He is executive director of agency services, overseeing all residential, office,
      497 words
    • 624 32  -  it has till Nov to sell them before it falls subject to big fees to extend sale period By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT ANOTHER developer is putting up unsold condo units for bulk sale, apparently to avoid having to pay hefty
      ST FILE PHOTO  -  624 words
    • 279 32 Bloomberg [LONDON] UK house prices rose in the second quarter, as an improving economy and rising confidence bolstered demand for property, according to Halifax. Values increased 2.3 per cent in the three months through June to an average £183,462 (S$389,932), the
      Bloomberg; PHOTO: BLOOMBERG  -  279 words
  • Page 29 Advertisements

  • Page 30 Advertisements
    • 306 30 SEEKING ANCHOR TENANTS FOR OFFICE BUILDING Good Corporate Image The Tenant List includes Banks and International Companies Well-designed Lobby and Facilities Prestigious Location in the Heart of Prime CDB Area Proximity to Two MRT Stations (10 mins walk) and Amenities Basement Carpark Attractive Tenant Incentives P 5 a a Jt'
      306 words
    • 237 30 LUXURY APARTMENT AT ORCHARD RESIDENCES FOR SALE n Strata Area 6,500 sf approx n Rarely available 4-bedroom garden residence (only 3 in project) with private pool n Prestigious address in the heart of Orchard Road n Super luxury condominium with unparalleled club facilities For Further Information, Please Contact: Clemence Lee
      237 words
    • 218 30 LU -I < A CC 0 LL I 11 f” 1 U !i Si r*m k"P, mf4 I THE BRANGELINA HOUSE AT BLAIR Exceptional Conservation Pool If s simply over the top. So beautiful if s unreal. Classic yet clever, good looking yet warm. Not built for Mr and Mrs
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  • Page 31 Advertisements
    • 368 31 FOR SALE BYTENDER Natural Cool LuxAsiaBldg Tc bAP-D Asiawide ~v f Ind Bldg 7^ apo Factoiy O QSquare Centro Bianco qxB T^Maiyei OE Media Hub I Blk3 1,9 lHK2lnd Bldg tig 9 auoroa W Airless Jackson "W W pi C fTTTi O' vA (hades Keith 4 GpHQ 26Tai Seng Street
      368 words
    • 324 31 REAL ESTATE INVESTMENT ASSET MANAGEMENT GRADUATE CERTIFICATE IN REAL ESTATE FINANCE 18 22 August 2014 Day 1: Session 1: Setting the Stage Session 2: Real Estate Market Analysis Session 3: Real Estate Investment Analysis OVERVIEW Real estate is the single largest component of wealth in our society. Changes in the
      324 words

  • Page 32 Advertisements
    • 134 32 Savills International Farmland are pleased to offer two unique agricultural investment opportunities: mm Commercial Arable Farm For Sale Hungary In excess of 3,500 Ha Freehold land Corporate structure to allow ownership and asset transfer Currently let but in-hand option available from August 2015 Significant capital growth opportunity Offered as a
      134 words