The Business Times, 24 March 2012

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Microfilm: NL31821
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| MARCH 24-25, 2012 S$1.00| MICA (P) 121/08/2011
    14 words
  • Article
    Lock icon February inflation eases
    22 1 PRICE PLAY BUT the authorities warn of elevated inflation in the next few months, given persistent price pressures. 2
    22 words
  • Article
    Lock icon US nominates World Bank chief
    29 1 obama’s option DARTMOUTH College president Jim Yong Kim is the first Asian-American tapped to head the lender that seeks to reduce global poverty. 2
    29 words
  • Article
    Lock icon Robust debut seen for 30-yr bond
    26 1 LONGER LOAN LATEST debt issue by the Singapore government sets fresh tenor record, which was 18.5 years till now. 3
    26 words
  • Article, Illustration
    Lock icon LIVING
    7 1 Going out of the way L2-5
    7 words
  • Article
    Lock icon Takeover code given compensation bite
    519 1  -  In certain cases, the SIC will direct offenders to cough up cash or shares to compensate minority shareholders By Siow Li Sen lisen@sph.com.sg Singapore MINORITYshareholderswill be better protected, and in certain cases, can look forward to compensation under the new takeover code that will come
    519 words
  • Article, Illustration
    Lock icon mio TV to air 3,200 hours of 2012 Olympics
    697 1  -  Broadcast to be over 13 channels and is free for subscribers By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL’S coup of wresting ESPN Star Sports (ESS) from StarHub in 2009 might make this year a gold-medal one for the telco. Its pay TV
    REUTERS  -  697 words
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  • TOP STORIES
    • Article
      Lock icon Feb inflation dips but price pressures persist
      656 2  -  Rise in food, travel costs slows but car prices climbing; forecasts likely to rise By Emilyn Yap emilyny@sph.com.sg Singapore HEADLINE and core inflation in Singapore took a breather last month and eased from January levels, but few in the market are heaving sighs
      656 words
    • Article, Illustration
      Lock icon Obama nominates Dartmouth president to lead World Bank
      373 2 Bloomberg Washington US PRESIDENT Barack Obama yesterday nominated Dartmouth College president Jim Yong Kim to head the World Bank, the first Asian-American tapped to head the lender that seeks to reduce global poverty. The Seoul-born doctor and US citizen would succeed Robert
      Bloomberg; REUTERS  -  373 words
    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 GSTI 2,990.08 (+10.83) GSTI FUTURES 2,990.00 (+11.00) GSIMSCI 346.34 (+1.67) GSIMSCI FUTURES 346.40 (+1.80) Friday Change KL COMP 1,585.83 +2.59 NIKKEI 225 10,011.47 -115.61 HANG SENG 20,668.80 -232.76 SET 1,194.44 +3.44 JAKARTA closed MANILA 5,042.44 -1.08 KOSPI 2,026.83 +0.71 SHENZHEN B 646.06 -13.80 MUMBAI IND 17,361.74 +165.27 12noon EDT
        57 words
      • Article
        Lock icon PRIME RATES
        28 2 sin&apcse T3S lAMArsift ATS K»G KONG TOO INSDNESiA 1$.47§ TAIWAN 50T6 JAPAN 1.474 KWfcA V.5* Britain 050 os. 124 CANADA TOO SA-qZEfiLAHO 050 INOiP 14.74 Source:
        28 words
      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.263 (US$/S$ per 1.586 2.004 EURO(US$/S$/E) 1.324 1.673 Foreign currency per US$ S$ YEN 82.80 65.50 RM 3.079 2.437 HK$ 7.767 6.147 BAHT 30.80 24.38 RUPIAH 9,157 7,248 RENMINBI 6.305 4.991 INDIAN RUPEE 51.12 40.46 A$ 0.961 0.761 NZ$ 1.231 0.974
        48 words
    • Article
      Lock icon Robust demand seen for 30-year S’pore bonds
      544 3  -  Insurance sector, longer term investors would be keen, say analysts By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE’S first ever offering of a 30-year government bond is likely to draw positive demand from insurers and financial institutions, and could add depth to the country’s growing
      544 words
    • Article, Illustration
      Lock icon STB sets conservative targets for tourism sector
      570 4  -  $23-24b in tourism receipts, 13.5-14.5m in visitor arrivals are the goals for this year By Nisha Ramchandani nishar@sph.com.sg Singapore AGAINST the backdrop of global uncertainty and forecasts of slower economic growth, the Singapore Tourism Board (STB) has set more conservative targets of $23-$24
      FILE PHOTO  -  570 words
    • Article, Illustration
      Lock icon US consumer spending still weak: Bernanke
      1194 5 Fed chairman also opens conference on policy tools for stimulating growth, new challenges for central banks Bloomberg Washington FEDERAL Reserve chairman Ben Bernanke said the US economy is operating below its level prior to the financial crisis, and that increased household spending is needed
      Bloomberg; AFP  -  1,194 words
    • Article, Illustration
      Lock icon UN to get youth more involved in global policy
      546 6  -  Engagement important in wake of Arab Spring, says Ban By Malminderjit Singh msingh@sph.com.sg Singapore THE United Nations (UN) will increase the role for youth in global policy-mak-ing by appointing a special adviser and high-level advisory board on youth matters. Recent world
      546 words
    • Article, Illustration
      Lock icon Asian innovators face challenges: SMU head
      774 7  -  These include organisational philosophy and protection of IP By Nisha Ramchandani nishar@sph.com.sg Singapore WHILE Asia increasingly plays a bigger role in driving innovation, economies in the region still present challenges for innovators in four key areas which are crucial for good innovation management, says
      FILE PHOTO  -  774 words
    • Article
      Lock icon Key China index rises at a slower pace in Feb
      340 7 Bloomberg Beijing A LEADING index for China rose at a slower pace in February, adding to evidence of moderating growth in the world’s second-big-gest economy that may prompt Premier Wen Jiabao to loosen policy further. The gauge gained 0.8 per
      Bloomberg  -  340 words
    • Article, Illustration
      Lock icon Humanising classical finance
      1151 8  -  To Barclays Wealth’s MD, behavioural finance is about accepting our humanity and controlling future behaviour By Kelly Tay kellytay@sph.com.sg Singapore THE field of behavioural finance where psychology dallies with economic theory may sound like hocus pocus to some. After all, why bother understanding irrational investment decisions, when
      1,151 words
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      Lock icon Page 2 Advertisements Column 1
      62 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining/Style L2-5 Dining L6-7 Design L8-9 Home Garden L10-11
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      Lock icon Page 3 Advertisements Column 1
      184 3 CHICAGO BOOTH EXECUTIVE MBA CURRICULUM z* NAVIGATION AND APPLICATION Designed for experienced managers, the Chicago Booth Executive MBA curriculum with its emphasis on general management, will give you an in-depth knowledge of business fundamentals, sharp analytical skills, creative solutions and vision that extends beyond your current job, region and industry.
      184 words
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      Lock icon Page 5 Advertisements Column 1
      37 5 i/v/V JACKPOT Estimated Draw on Mon, 26 Mar 2012 at 6.30nm at PoMo For details, visit www.singaporepools.com.sg Always play with care, [responsibly] Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS
      37 words
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      215 6 The Business Times Ou of Order!" Contest 20 TICKETS TO BE WON! ’i I ,s/n LS r a Q €c»ey m ood heavens! Can a Junior Minister get ftnd smart London hotel while a dead body ies wer a question correctly. We are giving ,ut and laugh at the hilarious
      215 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      159 7 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TAITECH SINGAPORE PTE. LTD. REG. NO. *****2534W (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General Meeting of the
      159 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK March 19-23, 2012
      • Article
        Lock icon JP Morgan counts on S-EA to grow
        44 9 JP Morgan’s global corporate banking team is eyeing growth from South-east Asia, with MNCs shifting their attention to the region and as corporates within the region continue to expand in their domestic markets, senior executives told BT.
        44 words
      • Article
        Lock icon Smith’s missive won’t hurt Goldman much
        53 9 GREG Smith’s resignation letter last week is one of the most widely read epistolary polemics since Emile Zola’s “J’accuse” in the late 19th century. But the letter looks petty and obvious compared with the profound and shocking nature of Zola’s exposure of anti-Semitism in
        53 words
      • Article
        Lock icon Prime office rentals taking extended break
        48 9 OFFICE leasing deals since the start of this year have been relatively small, generally at 25,000 square feet or below each a far cry from the leases of more than 200,000 sq ft inked by financial institutions during the heyday in 2010.
        48 words
      • Article
        Lock icon Hint of worry at firms over data protection law
        56 9 THE Ministry of Information, Communications and the Arts’ new data protection Bill to be tabled in Parliament by the third quarter of this year will apply not only to businesses based here, but also to any organisation collecting, using, disclosing, transferring,
        56 words
      • Article
        Lock icon ST Kinetics cries foul, starts battle to clear its name
        66 9 A LEADING Singapore defence supplier says that it has been treated unfairly in India the world’s biggest importer of arms and will seek international arbitration to protect its reputation. Singapore Technologies (ST) Kinetics, formally barred this month from doing business
        66 words
      • Article, Illustration
        Lock icon Chocolate champ is Businessman of the Year
        77 9 LIFE may be like a box of chocolates, but for Petra Foods CEO John Chuang, life is a box of chocolates or rather, many boxes of chocolates. The company is today the third-largest independent cocoa ingredient supplier and fourth-largest cocoa bean grinder in
        YEN MENG JIIN  -  77 words
      • Article
        Lock icon Qantas plan flops, SIA has reason to smile
        40 9 QANTAS Airways has shelved plans to set up a South-east Asian hub after failing to get approvals in Singapore, while its supposed-partner in Kuala Lumpur, Malaysia Airlines, is in dire financial straits.
        40 words
      • Article
        Lock icon RWS gets licences for 2 junket operators
        32 9 THE wait is finally over for Resorts World Sentosa, which yesterday received government approval for two junket licence applications it endorsed nearly two years ago.
        32 words
      • Article
        Lock icon SGX opens doors to dual currency trading
        41 9 A NEW dual currency trading scheme offered by the Singapore Exchange may open the door to more overseas listings now denominated in foreign currencies and encourage more retail investors to invest in foreign firms.
        41 words
      • Article
        Lock icon S’pore banks on its trusty old tool to tame inflation threat
        57 9 DOMESTIC price pressures are expected to intensify in coming years, but Singapore’s use of the exchange rate to combat inflation continues to be seen as a highly relevant policy tool. Next month, the central bank is expected to maintain
        57 words
      • Article
        Lock icon Another MBS suit, another junket claim
        69 9 ALLEGATIONS of junket activity at Marina Bay Sands have surfaced again, this time in court papers filed by a Singapore-based Japanese businessman being sued by the casino over a $2 million gambling debt. Takami Shinichi, managing director of Avixs Master Fund Pte Ltd, claims
        69 words
    • Article
      Lock icon NEXT WEEK March 26-30
      87 9 US DATA March 27 March Consumer confidence March 28 Feb Durable orders March 29 Q4 GDP CHINA DATA March 27 Jan-Feb Industrial profits EVENTS March 27 Federal Reserve chairman Ben Bernanke gives third of four lectures, “The Financial Crisis and the Great Recession” at the George
      87 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      369 9 Across 1 Better cold drink container put back in front of office for coffee (10) 6 Uncle, say, holding cape in trick (4) 9 Get rid of stunted trees (5) 10 Second person offering service I avoided in isolated area (9) 12 Road in front of Northern oak, say, and
      369 words
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      11 9 SATURDAY with Ludwig ‘It seems your shares aren’t doing too well
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Armed with a never-say-die attitude and Deftdough-maker
      1881 10 / 11  -  Armed with a never-say-die attitude and a fearlessness to challenge mainstream wisdom, BreadTalk Group head honcho George Quek has built a food empire that transformed the mundane experience of buying bread and eating at a food court. By Benjamin Tan By Benjamin Tan
      ARTHUR LEE  -  1,881 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Genting shares up on junket licence award
      519 12  -  Casino regulator’s award to Resorts World Sentosa lowers RWS’ credit risk, opens up VIP highroller market By Grace Leong gleong@sph.com.sg Singapore SHARES of Genting Singapore surged by as much as 8.6 per cent yesterday after the Casino Regulatory Authority awarded two junket licences
      FILE PHOTO  -  519 words
    • Article, Illustration
      Lock icon Olam sees limited downside for arabica coffee futures prices
      527 12 Reuters Singapore SINGAPORE commodity firm Olam International sees limited further downside to ICE arabica coffee futures prices, with global supply and demand expected to be balanced until mid-2013, its managing director of coffee said yesterday. “We believe that the current move
      Reuters; BLOOMBERG  -  527 words
    • Article, Illustration
      Lock icon An F1 IPO in S’pore wouldn’t affect race decision
      489 13  -  Iswaran says decision on contract extension would depend on cost-benefit analysis and terms of offer By Nisha Ramchandani nishar@sph.com.sg Singapore EVEN if Formula One (F1) goes full speed ahead with an IPO on the Singapore Exchange (SGX), this is not expected
      REUTERS  -  489 words
    • Article
      Lock icon Team bosses give flotation idea frosty reception
      500 13 Reuters Sepang, Malaysia TEAM bosses were cool to the idea of becoming actively involved in any flotation of Formula One on the Singapore stock exchange, instead preferring to focus on their own interests. On Wednesday, Formula One chief Bernie Ecclestone stressed that he
      Reuters  -  500 words
    • Article, Illustration
      Lock icon STI drops 20 pts as two-tier market develops
      891 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent THE Straits Times Index fell 20 points or 0.7 per cent over the week to 2,990.08, with daily trading marked by low volume and direction set by the movements in other markets, mainly from the West.
      891 words
    • Article
      Lock icon MLT buying two Korean cold storage warehouses
      419 14  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore MAPLETREE Logistics Trust (MLT) is acquiring two cold storage warehouses in South Korea for $71.3 million, marking a maiden entry into South Korea’s growing cold storage warehouse market. Its trust manager, Mapletree Logistics Trust Management (MLTM), has entered
      419 words
    • Article
      Lock icon Creative Master receives delisting notification from SGX
      257 14 Singapore CREATIVE Master Bermuda’s application for an extension of time to meet the criteria to be removed from the watch-list of loss-making companies has been rejected. The group said yesterday that it received a notification of delisting dated March 23 from the Singapore
      257 words
    • Article
      Lock icon SATS acting CEO named president, CEO
      502 15  -  Tan Chuan Lye’s promotion takes effect from April 1 and comes after an eight-month global search By Ven Sreenivasan ven@sph.com.sg Singapore AFTER an eight-month global search, SATS Ltd has confirmed acting CEO Tan Chuan Lye as its president and CEO with effect from April
      502 words
    • Article, Illustration
      Lock icon Chemoil CFO, COO Berglund resigns
      472 15  -  By Ronnie Lim ronnie@sph.com.sg Singapore CHEMOIL’S number two, Mats Berglund, is leaving the company, just over a month after Swiss commodity giant Glencore upped its stake from 51.54 per cent to 89.04 per cent in the Singapore-listed marine fuels supplier. But his resignation was a
      FILE PHOTO  -  472 words
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      54 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Rewards of going green
      840 16  -  Singapore is vitally important to the global transportation sector with its enormous capacity to promote green mobility FROM THE DESK OF Axel C I Ieitmann Chairman of the Board of Management Lanxess AG TRANSPORTATIONrepresents a substantial percentage of the world economy. Motor vehicles alone account for
      840 words
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  • SINGAPORE
    • Article
      Lock icon S’pore office to help PWNT expand its footprint
      313 17  -  By Eve Yeo eveypyeo@sph.com.sg A NEW Singapore office will enable advanced water treatment technology firm PWN Technologies (PWNT) to expand its footprint here, in Vietnam, Australia and other new markets in the region. The Netherlands-based firm yesterday opened its Singapore office, three
      313 words
    • Article
      Lock icon Jurong Lake District awarded IBM Smarter Cities Challenge grant
      372 17  -  This will enable govt agencies to collaborate with IBM to find innovative solutions for area By Michelle Tan michtyz@sph.com.sg SINGAPORE’S Jurong Lake District has been selected as one of the recipients of the IBM Smarter Cities Challenge grant for 2012. The
      372 words
    • Article
      Lock icon 22 bus services improved in Q1
      415 17  -  By Samuel Ee samuelee@sph.com.sg THE first quarter of 2012 has seen improvements to a total of 22 bus services and the addition of 180 extra weekly trips. Between January and March, higher capacity buses were deployed while more bus trips were added to increase
      415 words
    • Article, Illustration
      Lock icon Han’s wins second year in a row
      601 18  -  It tops Leaders category for giving jobs to handicapped and making them feel at home in the workplace ENABLING EMPLOYERS’ AWARD By Chuang Peck Ming peckming@sph.com.sg FOR a second straight year,restaurant chain Han’s has been recognised for giving jobs to the handicapped and
      LIANHE ZAOBAO  -  601 words
    • Article
      Lock icon Revised industry safety standards launched
      270 18  -  Guidelines focus on manual handling, machinery shut down By Amanda Eber aeber@sph.com.sg TWO newly revised Singapore Standards were launched by SPRING Singapore at the General Engineering and Safety Standards Committee (GESSC) Standards exchange yesterday. The standards, which are guidelines focusing on manual handling hazards and
      270 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      54 17 Life Technologies is on the look out for an IT Business Analyst Charterhouse is recruiting a Human Resources Development Manager FM Global has a vacancy for an Approvals Engineer Doedijns is recruiting an Area Sales Manager DFS has positions open for Product Sales Managers Check out more than 500 positions
      54 words
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  • WORLD
    • Article, Illustration
      Lock icon Purchases of new homes fall
      532 19 Sales drop 1.6% to a 31 3,000 annual pace in Feb, from a 31 8,000 rate in Jan LATEST US DATA Bloomberg Washington PURCHASES of new homes in the United States unexpectedly fell in February for a second month, a sign the recovery in the
      Bloomberg; BLOOMBERG  -  532 words
    • Article
      Lock icon China banks underestimated local govt loan risk: source
      401 19 Bloomb erg Shanghai CHINESE banks misclassified about 20 per cent of their outstanding loans to local governments, understating the risk that slowing revenue will cut borrowers’ ability to repay, a person with knowledge of the matter said. The China Banking Regulatory Commission
      Bloomberg  -  401 words
    • Briefing
      • Article
        Lock icon AIG repays remaining US$1.5b to US govt
        53 19 Reuters Washington AMERICAN International Group has repaid the US government its remaining US$1.5 billion preferred equity investment as the Obama administration unwinds unpopular bail-out programmes used during the financial crisis, the Treasury department said on Thursday. The government’s investment in AIG is now
        Reuters  -  53 words
      • Article
        Lock icon Report on Indian coal allocations ‘misleading’
        93 19 Bloomberg New Delhi INDIA’S chief auditor said that a report that coal-block allocations caused the exchequer a loss of 10.7 trillion rupees (S$264.3 billion) is “exceedingly misleading” even as the allegations disrupted Parliament. The Times of India said yesterday that the government gave about
        Bloomberg  -  93 words
      • Article
        Lock icon China, Indonesia sign US$17b in project MOUs
        83 19 Reuters Beijing CHINA and Indonesia signed prospective deals worth potentially more than US$17 billion yesterday in the fields of mining, hydropower and steel, state media reported, during a visit here by Indonesian President Susilo Bambang Yudhoyono. The official Xinhua news agency said that
        Reuters  -  83 words
    • Article, Illustration
      Lock icon Property tycoons muscle in on leadership poll
      1184 20 Big conglomerates have huge influence over election body which will choose territory’s next chief HONG KONG’S CHIEF EXECUTIVE ELECTION Reuters Hong Kong PROPERTY interests dominate Hong Kong’s economy and hold great sway over the scandal-hit leadership “election” taking place tomorrow, but public resentment
      Reuters; PHOTO: AP  -  1,184 words
    • Article
      Lock icon Eurozone business activity falls in March
      538 21 Surveys show French and German performances are worse than the most pessimistic forecasts Reuters London THE eurozone’s economy took an unexpected turn for the worse in March, hit by a sharp fall in French and German factory activity that even the most pessimistic economists
      Reuters  -  538 words
    • Article, Illustration
      Lock icon Job growth fuels US economic recovery
      558 21 Reuters Washington IT’S not quite Easy Street, but more money is starting to flow along Main Street. A recent acceleration in US job growth could create a virtuous cycle, lining the pockets of more Americans, leading to more spending, faster growth and further hiring.
      Reuters; AFP  -  558 words
    • Article, Illustration
      Lock icon Bank of Japan reluctant to take credit for yen’s fall
      798 22 It is worried that markets, politicians will expect it to do even more Reuters Tokyo JAPANESE central bankers are reluctant to take much credit for the yen’s spectacular retreat since last month’s one-two punch of monetary easing and inflation targeting,
      Reuters; REUTERS  -  798 words
    • Article
      Lock icon US monetary policy may be at turning point
      389 22 Bloomberg New York FEDERAL Reserve Bank of St Louis President James Bullard said monetary policy may be at a turning point and the Fed should be cautious about stepping up accommodation as the economy rebounds. With policy currently “on pause, it may
      Bloomberg  -  389 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      31 21 GRAB YOUR APRIL ISSUE NOW! FREE! SCHICKHYDRO5 RAZORWORTH$11.90 WITHTHISISSUE! Only at Kinokuniya, while stocks last! MENSHEALTH.COM.SG BESTDIGITALMEDIAOFTHEYEAR* *No. 1 in Marketing Magazine’s 2011 Digital Media of the Year rankings, Men’s category.
      31 words
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  • Page 22 Miscellaneous
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  • Article
    Lock icon SGX
    7982 23 Transaction date: Mar 23 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 17.5 11.5 8Telecom 13.1 +0.1 100 13.1 13.1 13.1 14 66.8 0.4 3.1 62.7 9.5 4 A-Sonic 4.7 4.5 4.7 2.8 33.6
    7,982 words
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  • Article
    Lock icon SGX CATALIST
    1736 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 17 15.8 17.2 4.7 3.2 6.6 30.4 4.5 2.5 t AA Grp 3.9 3.5 4 3.8 170 39 t APStrategic
    1,736 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 5 0 0 0 9 3 5 Manufacturing 51 46 43 7 2 9 58 48 52 Commerce 18 22 13 3 5 3 21 27 16 Tpt/Stor/Comms 14 7 16
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    752 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 19 Trftn> SubramtoJ 5Ji trr hnlQvtf Duy 5*n rio of 31tar*i PMcr T*itt t)*iOT9 JV^tMOLO a»f<r Stack PMOlftcto* COHM WO 5h ri ■Jt '.«<) i-d Vki1 l**0 1 niiv Ti 1 0. l O wra •5du>i Mi Ml.In IVd
    752 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    119 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 12,824 12,824 45,936 45,936 Manufacturing 236,676 26,628 263,304 154,861 650 155,511 Commerce 137,081 6,584 143,665 89,554 1,118 90,672 Tpt/Stor/Comms 74,324 5,322 79,646 101,302 1,178 102,480 Finance 11,926 11,926 91,306 91,306 Construction 84,175 4,086 88,261 15,457
    119 words
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  • Article
    Lock icon LIFFE
    80 27 Mar 22 COCOA (£/tonne) Close Prev High/Low Mar 12 1479 1514 1518/1475 May 12 1494 1527 1531/1490 Jul 12 1500 1534 1537/1497 Sep 12 1506 1539 1540/1505 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2000 2021 2018/1992 May 12 2008 2022 2026/1992 Jul 12 2002 2008 2010/1988 Sep 12 2013
    80 words
  • Article
    Lock icon METALS
    50 27 Mar 23 GOIO ll»lm WW. U 'JU. L* III’—,( ,1 •mi .v< i/tftPQ Ivmlun 1638.6V >65*88 SILVER fcflr# (mvliuul I i ii PLATINUM HIM*. •i» 73 n a» P-rrun oMffn Ir07'/' fflWUQO VM F It* r C0>65^00 platinum ..vty om-a 4* ■tei Hftl.Uii MH13 i'ln IA315 <f Source: Bloomberg
    50 words
  • Article
    Lock icon PALM OIL
    42 27 Mar 23 Hid palm futures (rm/mt) i a to L V 1} 1 •HO 1-1 •1 o rt*> Mty Vi. 1 l*W-' IW4 41 0C v. 1 iw*i M*n mviii ID* it ire •Him •jjjw V. “u Source: Bursa Malaysia
    42 words
  • Article
    Lock icon GOVERNMENT SECURITIES
    80 27 Mar 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 21-Jun-12 0.31 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.06 5-Year N*****0Z 2.375 01-Apr-17 108.54 108.7 108.7 Day's 10-Year
    80 words
  • Article
    Lock icon INTERBANK CURRENCY RATES
    154 27 Mar 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3144 1.3149 1.0404 1.0407 Canadian dollar 1.2634 1.2639 1.0000 1.0003 Euro 1.6725 1.6730 1.3238 1.3241 NZ dollar 1.0260 1.0267 0.8121 0.8126 Sterling pound 2.0038 2.0044 1.5860 1.5864
    154 words
  • Article, Illustration
    Lock icon SMX MARKET UPDATE
    62 27 As on 22 March 2012 www.smx.com.sg Ill 8 ill z r c II 11 £g|| ?:§4i s?55 il 3 D c -5 >■ j 5 if M 1 c III l= 9 •i H* it 1 Ml i i u Bv ai ffi c* Ml 3 1
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  • Article
    Lock icon CHICAGO BOT
    103 27 Mar 22 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 12 1349.50 1355.00 1360.00 1338.50 Jul 12 1356.75 1362.00 1366.75 1345.75 Aug 12 1348.50 1352.50 1356.00 1338.75 Sep 12 1328.25 1333.50 1337.00 1321.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low May 12 53.96 54.38 54.68 53.66
    103 words
  • Article
    Lock icon OIL
    74 27 Mar 22 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 122.79 -1.44 WTI (Near Mth) 104.99 -1.73 Dubai (1-Mth F) 120.35 -1.50 Tapis blend 129.79 -1.29 Minas 129.59 -1.29 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 117.56 -1.44 Jet Kerosene 135.88 -1.10 US$/barrel OpecOil Basket Price 122.91
    74 words
  • Article
    Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
    373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 22 Index Change Change Change Change Change Change World Preliminary 915.1 -0.6 10.3 -0.5 7.7 -0.6 10.3 EAFE Preliminary 751.5 -0.6 10.2 -0.3 7.4 -0.4 10.0 Europe Preliminary 1107.7 -1.1 7.9
    373 words
  • Article
    Lock icon FOREIGN CURRENCY NOTE RATES
    118 27 Mar 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.346 1.282 Can dollar 1.289 1.24 Euro 1.701 1.636 Sterling pound 2.037 1.959 NZ dollar 1.055 1.005 US dollar 1.283 1.234 Local dollars to 100 units of foreign currency: Currencies Sell
    118 words
  • Article
    Lock icon LONDON METALS
    69 27 Mar 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2128.50 2168.75 3 months 2167.00 2209.00 Copper, Grade A (US$/tonne) Cash 8324.50 8488.00 3 months 8290.00 8455.00 Lead (US$/tonne) Cash 1978.50 2026.75 3 months 1983.00 2044.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
    69 words
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    Lock icon STOCK MARKETS
    89 27 YTD change:+12.99% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:+12.12% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +6.78% 52-week high: 13,289.00 on March 16,2012 52-week low: 10,404.40 on Oct 4,2011 (Chart
    Source: Bloomberg  -  89 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Disseminating American ideals
      1229 28 / 29  -  The US should know that the best way to spread its ideals is not by forcing them on other nations, but by perfecting its own political and economic model Leon Hadar Washington correspondent btworld@sph.com.sg AMERICANSareonce again surprised to learn that the rest of humanity doesn’t always share
      REUTERS  -  1,229 words
    • Article
      Lock icon Things to note before embracing digital marketing
      727 28 / 29  -  By Bala Shankar ~The writer is adjunct professor at SMU and NTU and founder director of NPS International School Amazon, mtv, Facebook, Twitter, iPhone apps, SMS, Google the daily diet for a whole new generation of digitally synched consumers. It was meant to
      727 words
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  • Wealth
    • Article, Illustration
      Lock icon Britons expected to favour rented properties
      648 35  -  Current mortgage finance difficulties expected to ease in the coming year: Knight Frank By Mindy Tan tanmindy@sph.com.sg BRITAIN’S booming private rented sector, coupled with the lack of housing stock in the longer term and new real estate investment trust (Reit) rules, could encourage institutional
      PHOTO: BLOOMBERG  -  648 words
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      Lock icon HKMA chief warns of fresh housing price bubble
      498 35 Low mortgage rates mean that real interest rates are hugely negative, he notes Bloomberg Hong Kong HONG Kong may face renewed risks of a housing price bubble as interest rates remain low, said Norman Chan, the chief executive of the Hong Kong
      Bloomberg  -  498 words
    • WEALTH INVESTING
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        Lock icon Financial advisory sector hits plateau
        1060 30 / 31  -  But most industry participants remain optimistic about growth prospects Genevieve Cua gen@sph.com.sg Personal Finance Editor Dedicated financial advisory (FA) firms started with high hopes of reaching out to a segment of underserved clients with the award of the first FA licences between 2002 and 2003.
        YEN MENG JIIN  -  1,060 words
      • Article
        Lock icon BROKERS' TAKE
        728 30 / 31  -  Compiled by Joyce Hooi Starhill Global Real Estate Investment Trust BUY Maybank Kim Eng Research Mar 23 Close: $0.64 DESERVING better. A prime retail play trading at sharp discount to book value, Starhill Global Reit deserves better in our opinion. For one thing, its key assets are in
        728 words
      • Article, Illustration
        Lock icon Do not bet against the Chinese govt
        851 32  -  It has learnt how to manage its economy, taking lessons from the Lehman collapse and the bursting of the Nikkei bubble WEALTH INSIGHT Lee Boon Keng ~The writer is head, Investment Solutions Group (ISG) Singapore, Bank Julius Baer WHILEthe European debt crisis continues
        BLOOMBERG  -  851 words
      • Article, Illustration
        Lock icon There may still be bite in Apple
        1102 33  -  The new iPad attests to Apple’s innovativeness. At 22x 2011 profits, it’s far from being priced for perfection SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder A GROUP of us decided to catch up in
        Compiled by BT with data from Bloomberg  -  1,102 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        807 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 22 AND FEB 28, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Botannia Apt 22/02/2012 956 1238 1390 1123 District 8 NON-LANDED City Sq Residences Apt 23/02/2012
        807 words
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  • Page 36 Advertisements
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      Lock icon Page 36 Advertisements Column 1
      52 36 m < I A sv x V r w. aK ly. X f A y T0 BREAK THE: RULES, YOU MUST FIRST MASTER Anthem. OUR WARM CONGRATULATIONS TO SACHIN TENDULKAR. THE FIRST CRICKETER TO SCORE 100 INTERNATIONAL CENTURIES. r/A 14 4 Tudemars Picuet Le Brass us For enquiries, Tel: (65)
      52 words
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      78 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 24 25 2012 GOING OUT OF THE WAY Hip outlets bank on secluded locations becoming the next hotspot L2-5 WALL ST BISTRO PHOTO BY YEN MENG JIIN PERSONAL STYLE The anti-design architect L10-11 NO HOLDS BARRED Charm of lucky venue on Devils L16 DINING Hue
      78 words
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  • BT Living
    • DINING/STYLE
      • Article, Illustration
        Lock icon Going out of the way
        4470 2 / 3  -  A crop of proprietors are hedging their bets that secluded locations now may become tomorrow’s hotspots By Debbie Yong debyong@sph.com.sg By Dylan Tan dylantan@sph.com.sg By Jaime Ee jaime@sph.com.sg NOBODY will come. It’s too far away. You’re stuck at a literal dead end. Not quite the
        BREADYARD, WALL ST BISTRO, THE PRODUCTION KITCHEN PHOTOS BY YEN MENG JIIN  -  4,470 words
    • DINING
      • Article, Illustration
        Lock icon Hue and cry over rainbow cakes
        937 6 / 7  -  Jacqui Co's rainbow cake is currently the talk of the town. Jaime Ee and Rachel Loi find out who else is in on the trend Jaime Ee, Rachel Loi jaime@sph.com.sg rachloi@sph.com.sg JACQUI Tong remembers when she made her first rainbow cake. “It was for
        ARTHUR LEE  -  937 words
    • DESIGN
      • Article, Illustration
        Lock icon Sense & sensibilities
        1368 8 / 9  - Sense sensibilities Thomas Heatherwick, one of the most esteemed young designers in the world aims to create something that is new and yet fits in with its surroundings. By Geoffrey Eu By Geoffrey Eu WITH a scruffy beard, mop of unruly hair and quietly persuasive demeanour, Thomas Heatherwick fits comfortably
        PHOTOS: SPUN CORIOLIS BY CRISTIANO CORTE/HEATHERWICK STUDIO; NEW LONDON BUS BY IWAN BAAN/HEATHERWICK STUDIO; PHOTOS: THOMAS HEATHERWICK BY MARK OGUE; SEED CATHEDRAL (INTERIOR) BY IWAN BAAN/HEATHERWICK STUDIO; SEEDS ENCASED IN ACRYLIC BY KEVIN LEE/BLOOMBERG  -  1,368 words
    • HOME & GARDEN
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        Lock icon THE ANTI-DESIGN ARCHITECT
        804 10 / 11  -  For Yip Yuen Hong, designing a house means designing a simple structure that can perfectly display the owner’s aesthetics. personal style By Jaime Ee jaime@sph.com.sg AGEING gracefully isn’t just a human thing. Look at a house 20 years ago it could have made headlines for its groundbreaking,
        PHOTOS BY YEN MENG JIIN  -  804 words
    • TRAVEL
      • Article, Illustration
        Lock icon Travel tools that won’t weigh you down
        769 12 / 13  -  These tablet and smartphone apps make travelling easier and more interesting. By Christopher Lim limchris@sph.com.sg Wenzani Free for iPhone LONELY Planet still makes some of the best conventional travel guides around, but it’s now experimenting with a more social approach with Wenzani, which
        769 words
    • GADGETS
      • Article, Illustration
        Lock icon Sleight of lens
        687 14  -  Mid-sized interchangeable lens cameras pack photographic heft but there are alternatives for both the price-conscious and the enthusiast. By Christopher Lim limchris@sph.com.sg Fujifilm X-Pro1 $2,400 (body); $900 to $1,000 each for 3 lenses SHUTTERBUGS who want the portability of a mirrorless camera without sacrificing quality compared to
        687 words
    • HEALTH
      • Article, Illustration
        Lock icon Call it any name other than Pilates
        1074 15  -  Pilates these days has been modified to such an extent that it is no longer what the founder has intended it to be, says the last of the instructors taught by Joseph Pilates. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg SOME forms of
        1,074 words
    • SPORTS
      • Article, Illustration
        Lock icon Charm of lucky venue on Devils
        610 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent Football fans must be among the most superstitious people in the world. Some people I know say it’s a must to wear their replica jersey whenever they watch their team play on TV. Others insist on sitting
        610 words
      • Article
        Lock icon Lin’s appeal prompts Coke to run ads in Chinese at MSG
        554 16 Bloomberg New York COCA-COLA will add courtside advertisements in Chinese at Madison Square Garden (MSG) to capitalise on the appeal of New York Knicks star Jeremy Lin. The first Taiwanese-American to play in the National Basketball Association (NBA), Lin
        Bloomberg  -  554 words
    • GOLF
      • Article, Illustration
        Lock icon What’s in a name?
        1098 17  -  Many pro golfers have acquired popular nicknames some complimentary, some not. By Justine Moss btnews@sph.com.sg WHEN tour rookie John Huh won his first US PGA tour event the Mayakoba Golf Classic in Mexico at the end of February, the 21-year-old American of Korean descent picked up
        PHOTOS: AP, AFP  -  1,098 words
    • MOTORING
      • Article, Illustration
        Lock icon CC THE DIFFERENCE
        641 18  -  Everything about the new Volkswagen CC is a bit shinier and more upmarket. By Samuel Ee samuelee@sph.com.sg WITHits“four-doorcoupé” styling and upsca l e ca bi n scale cabin, the t h e Volkswagen Passat CC was always considered a near-premium product. Now, the face-lifted model is leaving
        641 words
      • Article, Illustration
        Lock icon TOP OF THE THREE
        664 19  -  The new BMW 335i seems more grown-up than before but it is still extremely fun to drive. By Samuel Ee samuelee@sph.com.sg NO other compact saloon is, at the mere mention of its name, immediately associated with sporty performance and driving excitement. Since it debuted almost 40
        664 words
      • Article, Illustration
        Lock icon A hot race
        682 20  -  Steamy and/or watery conditions could affect proceedings at the Malaysia Grand Prix. f1 watch By Samuel Ee samuelee@sph.com.sg SO Red Bull didn’t win in Melbourne and Sebastian Vettel aka Golden Boy isn’t going into Sepang this weekend at the head of the field the first time he
        PHOTOS: AP, REUTERS  -  682 words
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      906 8 / 9 wine&dine with BTWeekend Triple Three Mandarin Orchard Singapore 333 Orchard RoadZ6831 6288 Named after the address of the hotel 333 Orchard Road, Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 LIVE cooking stations. In addition to the freshest Sashimi and Sushi, Tempura and
      906 words
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  • Page 12 / 13 Advertisements
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  • Page 15 Advertisements
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      258 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
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