The Business Times, 28 March 2012

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Microfilm: NL31821
Total Pages: 72
1 40 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, March 28, 2012
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  • Article
    Lock icon Profitable Plots directors charged with cheating
    623 1  -  Trio remanded after failing to post bail in US$2.4m Boron case By GRACE LEONG [SINGAPORE] Three directors of beleaguered land banking firm Profitable Plots were each charged with 86 criminal counts of cheating investors of US$2.4 million on investments related to an industrial lubricant
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 3,018.91 (+44.41) GST INDEX FUTURES 3,019.00 (+44.00) GSIMSCI 350.42 (+6.37) GSIMSCI FUTURES 350.50 (+5.90) us$ s$ US$ (S$ per US$) 1.256 (US$/S$ per 1.597 2.006 EURO (US$/S$/E) 1.335 1.676 Foreign currency per US$ S$ YEN 82.80 65.90 RM 3.059 2.435 HK$ 7.765 6.182 BAHT 30.71 24.45 RUPIAH
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.627 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg
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  • Article
    Lock icon Profitable deals set new subsales market record
    1271 1  -  Over 98% of 2011’s subsales in the black, mainly because half of the properties were bought in 2009 By KALPANA RASHIWALA [SINGAPORE] An up to 16 per cent seller’s stamp duty (SSD) introduced in January 2011 may have caused a slowdown in subsales
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      10 1 COMMENTARY Quiet confidence in maritime sector PAGE 21 *****1 *****4
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      49 1 STRAIT TALK EU decision on Somali piracy a positive move PAGE 22 Taking cover Volatile markets can wreak havoc on your portfolio. Our latest Wealth edition highlights strategies to protect and enhance your wealth for generations. It comes with your copy of The Business Times today. Don't miss it!
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      218 1 EXEC MONEY Keep calm: The rally is for real PAGE 30 •isj-„ i 7 yjy. .SSjjWlitiiSi&fl Originality is about finding own with every creation 4.^3^KaS^ W W e >'lM. m Jim I LL i L n i i Mi IT l_ ‘f’. :i r '^W^' Nsj»Jte ■n 1 l M
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      12 1 LAND TRANSPORT Goods vehicle COE premium’s uptrend likely to continue PAGE 24
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      553 2 Profitable deals set new subsales market record AN up to 16 per cent seller’s stamp duty introduced in January 2011 may have caused a slowdown in subsales of private apartments and condos and generally lengthened the holding period for subsale transactions last year. However, a record 98.1 per
      553 words
    • Article, Illustration
      Lock icon Local banks’ bonuses outshine foreign ones
      479 2  -  DBS pays higher bonus than last year; foreign banks’ range from 25% down to 0 By SIOW LI SEN [SINGAPORE] Bonus season is over and for those working in the local banks, they are more likely than not to heave a sigh of relief
      479 words
    • Article
      Lock icon Consumer confidence stays near year’s high
      469 2 LATEST US DATA Bloomberg Reuters [WASHINGTON] Confidence among US consumers in March held close to the highest level in a year, underpinned by an improving labour market. The Conference Board’s confidence index dropped to 70.2 from a revised 71.6 reading in February that was
      Bloomberg; Reuters  -  469 words
    • Article
      Lock icon Advisers worry customers will resist fee-only model
      744 4  -  They could still end up paying the same or more after adding advisory fees By KENNETH LIM [SINGAPORE] Financial advisers said a new compensation system will alter a core engine of the industry, but warned that customers may not want to pay advisory
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    • Article
      Lock icon Being Fair with the clients
      813 4  -  MAS’s review of financial advisory sector should also extend to banks COMMENTARY By GENEVIEVE CUA [SINGAPORE] A BUSINESS contact who was recently scouting for a priority bank in which to park his funds emerged from the exercise appalled. In each conversation with bankers, there was
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    • Article, Illustration
      Lock icon IE adopts more proactive approach
      602 4  -  Lack of staff to run overseas operations a key challenge for local companies By TEH SHI NING [SINGAPORE] International Enterprise Singapore (IE) gave out $926 million in financing loans and another $60.2 million in grants to help over 5,500 firms go global in 2011. But
      602 words
    • Article, Illustration
      Lock icon Cross-deployment expected to boost efficiency
      682 4  -  By NISHA RAMCHANDANI, MINDY TAN A PILOT programme to relax occupational restrictions for work permit holders starting with the hotel industry in the second half of the year is expected to help boost efficiency through cross-deployment as well as enhance career development. Margaret Heng, executive
      FILE PHOTO  -  682 words
    • Article
      Lock icon A&G’s failed alliance talks leaves industry guessing
      795 4  -  By GRACE LEONG [SINGAPORE] An abrupt pullout by Allen Gledhill LLP from a proposed alliance with UK-based Allen Overy has set the local legal industry abuzz over possible reasons for the failed talks. Both law firms did not specify why they are not
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      123 2 ss x X X G B V L A R OJ \5 17 19 e/. <?? <>> o2 Gerald Genta CAL 77E2 B V LG A R I o o w xN f i ss O G V A R CD O ■r"W*\5 17 INHI 19 w o o <>>
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      202 3 INFINUIM. LUXU RY. UNRIVALLED. Introducing the all-new 2.5-litre V6 Infiniti M25, the most luxurious sedan in its class. X 1 M25 W Now, for the first time, experience luxury as a bold, new attitude. The perfect statement of Japanese craftsmanship inspired by nature, the 2.5-litre V6 Infiniti M25 delivers an
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  • COMPANY NEWS
    • Article
      Lock icon Silver lining emerges in ST Kinetics court case
      718 5  -  Judge suggests it should approach OFB for arbitration By MALMINDERJIT SINGH EVERY cloud has a silver lining, as they say, and Singapore Technologies (ST) Kinetics will feel no different. The Singapore-based defence supplier may have to wait a while longer for an
      718 words
    • Article
      Lock icon Transcu restructuring exercise put on hold
      318 5  -  By NISHA RAMCHANDANI THE Transcu Group’s proposed restructuring exercise has been put on hold as State Power Group Limited (SPGL) and Forest Pine Holdings Inc (FPHI) have agreed to terminate their joint-venture agreement, the life sciences company said in an update to the Singapore
      318 words
    • Article
      Lock icon CMA’s entry into HK indices gets lukewarm reception
      371 5  -  By MICHELLE TAN BEING selected as a constituent stock for an index is usually viewed positively, but CapitaMalls Asia’s (CMA’s) entry into two Hong Kong indices recently has been met with lukewarm response at best. A significant pick-up in interest for the
      371 words
    • Article
      Lock icon XMH defends ID’s independence
      723 5  -  But some lawyers point out inherent conflict of interest, suggest avoidance By LYNETTE KHOO INDEPENDENT or not? That’s a question that companies and shareholders have found themselves increasingly asking as the independence of company directors comes under intense scrutiny. This question, which led to changes on
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    • Article, Illustration
      Lock icon Reliance on trading fees raises question
      683 6  -  Issue of whether bourses can build sustainable capital markets By JAMIE LEE THE increasing reliance on trading fees to drive revenue for stock exchanges raises the question of whether they can build sustainable capital markets, findings from a new report showed. In 2010, 63
      Source: World Federation of Exchanges Cost & Revenue Survey 2010 – Nov 2011  -  683 words
    • Article
      Lock icon Keppel T&T publishes its first sustainability report
      402 6  -  By LYNN KAN KEPPEL Telecommunications and Transportation (Keppel T&T) issued its first sustainability report and is believed to be the first listed logistics company here to publish such a report. It is also the first time Keppel T&T’s individual sustainability efforts have been
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    • Article, Illustration
      Lock icon DBS to hold international dragon boat competition
      280 6  -  By ARTHUR LEE DBS in partnership with the Singapore Dragon Boat Association (SBDA) will hold the first-ever international dragon boat competition since 2000, at the Marina reservoir. The DBS Marina Regatta, to be held on May 4-6 this year, will be an annual
      ARTHUR LEE  -  280 words
    • Article
      Lock icon MF Global clients see recovery prospects improving
      662 6 Barclays offering 92 US cents on the dollar for claims Reuters [NEW YORK] Former clients of MF Global are growing more optimistic about the prospects for recovering their frozen money, which is helping to bid up the price of customer claims being resold
      Reuters  -  662 words
    • Article
      Lock icon Sing-dollar debt issuance soars in Q1, riding on perpetuals
      552 6  -  Funding-deprived issuers saw window of opportunity By KENNETH LIM PERPETUAL structures and financial institutions drove Singapore’s debt capital market to record volumes in the first quarter of 2012, as opportunistic issuers took advantage of improved market sentiment. “What issuers are saying
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    • Article
      Lock icon China Minsheng to raise HK$11.2b in share offering
      407 6 Bloomberg [SHANGHAI] China Minsheng Banking Corp, the country’s first non-state lender, plans to raise about HK$11.2 billion (S$1.8 billion) in a Hong Kong share sale to shore up capital amid tightened rules for risk buffers. The Beijing-based bank is offering 1.65 billion
      Bloomberg  -  407 words
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      275 7 The view from the top is even better from a position oj vantage However good life is, it can get better. Given your achievements, it is opportune to plan how to maximise what you have. That's why we developed PRUVantage, a suite of wealth management solutions that seeks to safeguard
      275 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon US, Europe handout hints lift market
      606 8  -  STI back above 3,000-point level following overnight jump on Wall Street and in Europe STOCKS R SIVANITHY Senior Correspondent HINTS of more government handouts for the United States and Europe helped push the Straits Times Index (STI) up 44.41 points to 3,018.91 yesterday, a
      Source: Bloomberg  -  606 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 2 0 0 0 11 2 2 Manufacturing 75 42 30 7 3 9 82 45 39 Commerce 34 15 13 3 4 2 37 19 15 Tpt/Stor/Comms 29 2 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 30,371 30,371 69,344 69,344 Manufacturing 358,820 99,538 458,358 254,679 2,307 256,986 Commerce 174,102 6,913 181,015 155,621 331 155,952 Tpt/Stor/Comms 146,201 19,663 165,864 220,019 4,464 224,483 Finance 43,039 43,039 170,721 170,721 Construction 117,341 4,388 121,729 18,378
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.695 +0.020 CapitaLand 3.140 +0.100 CapitaMall 1.830 +0.040 CityDev 11.090 +0.160 ComfortDelGro 1.540 +0.030 DBS Grp 14.400 +0.340 F&N 6.950 +0.110 GLP 2.170 +0.060 Genting SP 1.740 +0.035 Golden Agri 0.780 +0.020 HK Land 5.580 +0.070 JMH 49.970 -0.020 JSH 30.670
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Mar 27 VALUE CLOSE BT OB/OS 180.00 +16.00 BT CADI -*****.00 +193.0 BT 10-day MA -*****.00 +18.00 FTSE ST Mid Cap 698.36 +7.32 FTSE ST Small Cap 470.84 +5.38 FTSE ST All Share 731.13 +10.13 FTSE ST China Top 228.96 +3.80 FTSE ST China 254.68 +3.40 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME MDR 149,274,000 Genting SP 109,215,000 NexGenSCom 80,425,000 Golden Agri 73,039,000 Vashion 71,346,000 Artivision 65,968,000 MDR W*****5 59,705,000 UniFiber 52,050,000 GMG Global 47,734,000 AdvanceSCT 44,090,000 VALUE($) Genting SP 189,027,285 DBS Grp 65,379,820 SingTel 63,478,410 Golden Agri 56,582,872 JMH 50,931,070 Yangzijiang 50,235,165 CapitaLand 48,578,170 UOB 44,610,250 Wilmar 42,465,100
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    • Article, Illustration
      Lock icon QUICKCHART by Maybank Kim Eng Research
      494 8 GuocoLand (S$1.94) Reversal in sight There are signs of positive movement as the stock breaks above the descending trendline. It is challenging its 200-day EMA ($2.00) and a breach above this could be a stronger reversal signal. Momentum indicators are gaining strength with RSI
      494 words
    • Article, Illustration
      Lock icon Asian units advance for a third day
      436 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies advanced for a third day after the Federal Reserve signalled it will keep US interest rates near zero, helping drive demand for higher-yielding assets. The Bloomberg-JP Morgan Asia Dollar Index headed for the best quarter since 2010 as
      Bloomberg; BLOOMBERG FILE PHOTO  -  436 words
    • Article
      Lock icon RISES
      112 8 BY CENTS CLOSE UP GLD 10US$ ***** 425.8 2.1 Jardine C&C 4825 93.0 2.0 DBXT FTChina25 10US$ 2789 74.1 2.2 Lyxor US DJIA 10 US$ 1338 60.3 3.7 Lyxor China H 10US$ 1380 51.5 3.1 DBXT MSINDO 10us$ 1500 47.7 2.6 UOB 1856 46.0 2.5 DBXT MSTHAI 10US$ 1899
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    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN Lyxor India Nifty 10 1304 -97.0 -6.9 DBXT S&P Short 10US$ 3648 -74.1 -1.6 JSH 3067 -65.3 -1.7 Asia Pac Brew 3460 -40.0 -1.1 DBXT FTVietnam 10US$ 2469 -37.7 -1.2 Great Eastern 1437 -33.0 -2.2 Lyxor EmergingMkts 1 1040 -25.1 -1.9 Lyxor MS India 10US$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • SINGAPORE NEWS
    • Article
      Lock icon Nassim Park Residences subsale tops gains: Savills
      336 9  -  By KALPANA RASHIWALA THE most profitable subsale (in dollar terms) of 2011 generated a near $6.2 million profit. It involved a unit at Nassim Park Residences that was purchased in July 2008 for almost $18 million and sold in April last year for
      336 words
    • Article
      Lock icon 8,000 BTO, balance-of-sale flats to be launched today
      347 9  -  By MINDY TAN THE Housing Development Board (HDB) will launch a bumper crop of 8,000 flats through a joint built-to-order (BTO) and Sale of Balance Flats (SBF) exercise today. Located in both mature and non-mature estates, the units will cover the full
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    • Article
      Lock icon Paya Lebar Square’s office tower around 75% sold
      533 9  -  Take-up due mainly to keen interest from professionals By MICHELLE TAN PROFESSIONAL firms which do not require a presence in Singapore’s pock-et-burning central business district are moving to suburban strata-titled commercial developments such as Paya Lebar Square. Said Michael Leong, managing director
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    • Article
      Lock icon Shoebox units feature in last year’s subsales
      601 9  -  41% of subsale units in 2011 that involved SSD payment were up to 500 sq ft: study By KALPANA RASHIWALA SHOEBOX apartments seem to have fared better in the subsale market than their larger counterparts last year even after taking into account the
      601 words
    • Article, Illustration
      Lock icon Share expertise to set up robust systems: S’pore
      637 10  -  Cooperation needed to safeguard nuclear substances and facilities: PM Lee NUCLEAR SECURITY SUMMIT Reports by ANNA TEO in Seoul SINGAPORE has called on countries with nuclear experience, and global organisations such as the International Atomic Energy Agency (IAEA), to share their expertise
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    • Article
      Lock icon Fresh commitments by leaders
      461 10 13-point communique on nuclear security unanimously adopted CITING “substantive progress” on the political front in the last two years, global leaders yesterday committed afresh to specific measures towards enhancing nuclear security and safety. The second Nuclear Security Summit (NSS) closed with the unanimous adoption by leaders
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    • Article, Illustration
      Lock icon DPM Teo on the art of governing
      544 10  -  Govt’s focus is on doing the right thing By LEE U-WEN IT’S a dilemma faced by governments all over the world today. Where does one draw the line between the two examples of an “interventionist and paternalistic” government and one that does its
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    • Article
      Lock icon WAN-IFRA sets up newsroom training facility at NTU
      436 10  -  By ANNA LEE COME September, students at Nanyang Technological University’s (NTU) Wee Kim Wee School of Communication and Information (WKWSCI) can make use of Asia’s first newsplex, jointly set up with NTU and the World Association of Newspapers and News Publishers (WAN-IFRA).
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    • Article
      Lock icon Capital framework for insurance companies to be enhanced
      364 10  -  MAS also intends to add new rules on enterprise risk management for industry By KELLY TAY THE Monetary Authority of Singapore (MAS) intends to propose enhancements to Singapore’s capital framework for insurance companies, in order to help the industry keep pace with
      364 words
    • Article
      Lock icon Asian firms lead West in annual variable pay
      295 10  -  By JOSHUA TAN ASIAN firms in Singapore offer higher annual variable pay than Western ones, a Mercer survey shows. The human resource and financial services consultancy’s 2011/2012 Asia Executive Remuneration Snapshot Survey polled 201 firms across Asia. This included 75 from Singapore,
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    • SINGAPORE ROUND-UP
      • Article
        Lock icon SIA A380 returns after engine trouble in air
        78 10 A SINGAPORE Airlines A380 en route to Frankfurt had to turn back to Changi three hours into the flight yesterday after one of its four Rolls-Royce Trent 900 engines developed problems. Flight SQ26 was carrying more than 430 passengers. An aircraft change
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      • Article
        Lock icon Learning activities for 1,200 lawyers
        75 10 THE first batch of 1,200 newly qualified lawyers called to the Bar on or after Jan 2, 2007 will have to spend at least eight hours on learning activities by December 2012 so as to renew their practising certificates in 2013. The Continuing Professional Development
        75 words
      • Article
        Lock icon Mr Bean to launch 12 more stores in region
        63 10 HOMEGROWN soya-bean food and beverage retail chain Mr Bean yesterday unveiled plans to launch 12 more stores in Japan, South Korea, the Philippines, Malaysia and China by end-2012, which would take its regional tally to 17. Plans are also afoot to
        63 words
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      365 9 m NUS National University of Singapore Strategic Technology Management Institute School of Computing Technology Management I Think STMI DBS is constantly developing future leaders as it continues to execute against its strategy to build a leading Asian bank. To ensure that the bank remains an attractive employer of choice, we
      365 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon China tightens controls on pension fund system
      610 11 Move to curb abuses as more funds flow out to professionals for higher returns Reuters Bloomberg [BEIJING] China has tightened controls on the 1.9 trillion yuan (S$379 billion) pension fund system run by local governments to curb abuses as the country puts more
      Reuters; Bloomberg; REUTERS  -  610 words
    • Article
      Lock icon German consumer confidence to ease in April: GfK
      263 11 Bloomberg [LONDON] German consumer confidence will decline for the first time in seven months in April as rising energy prices curb household spending power, GfK SE says. The Nuremberg-based market research company predicted yesterday that its consumer sentiment index, based on a
      Bloomberg  -  263 words
    • Article
      Lock icon Tankan survey seen showing better sentiment
      273 11 Index could indicate less pessimism from big manufacturers Bloomberg [TOKYO] The Bank of Japan’s (BOJ) tankan survey is likely to show that big manufacturers have become less pessimistic, adding to signs of an economic revival that will bolster the case for capping stimulus measures
      Bloomberg  -  273 words
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      141 11 Mount Elizabeth 7 A PARKWAYHEALTH HOSPITAL Delivering in Luxury at Mount Elizabeth Hospital At Mount Elizabeth Hospital, we offer luxury maternity care and make every attempt to help you enjoy the first hours and days, with the newest member of your family. i Expect more and be pampered when you
      141 words
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      32 11 11 miiRsi r -W III t' M, wmia c (S'. 'M III lllBlII inn JERRY LUM Snr Marketing Director, MBA, CES cea Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg
      32 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bumi gets new chairman, leaves role for Rothschild
      592 12 Coal miner’s maiden operating profit of US$280m in line with expectations Reuters [LONDON] Indonesian coal miner Bumi plc sought to draw a line under damaging discord between its leading shareholders yesterday, announcing a longawaited board shake-up that brings in a new chairman
      Reuters; REUTERS  -  592 words
    • Article
      Lock icon JP Morgan upbeat about Dialog’s tankage capacity
      555 12  -  By PAULINE NG By in Kuala Lumpur WITH Malaysia pumping tens of billions of ringgit into oil and gas over the next five years, homegrown Dialog Group is poised to become Asia’s largest independent tank terminal player, said JP Morgan. The investment bank
      555 words
    • Article
      Lock icon Rio Tinto, CMS scrap smelter project
      175 12 Reuters [KUALA LUMPUR] Rio Tinto, the world’s third largest miner, and Cahya Mata Sarawak (CMS) have scrapped plans for a US$2 billion aluminium smelter project in Malaysia’s Borneo island of Sarawak as power supply terms could not be finalised, CMS said yesterday. CMS, a
      Reuters  -  175 words
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      55 12 The revamped Lianhe Zaobao will engage like no other Chinese newspaper. With stimulating coverage that sets individuals thinking and galvanizes communities into action. v x lx v x lx /Sr *****83 HQ !iK*SSK ZB' 1 z 6 "S« pJWSJ ■>** ,v 5t»»«aa asf»* s fS** 'aB* 1 Call 6388 3838
      55 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Telenor seeks compensation from India in licence fight
      407 13 Reuters [NEW DELHI] Norwegian mobile operator Telenor ASA has told the Indian government it wanted to resolve its licence dispute, but said it would seek damages if the cancellation of its 22 licences was not settled. “We are hopeful that it remains
      Reuters  -  407 words
    • Article, Illustration
      Lock icon India’s coal row final report backs leak: sources
      350 13 Reuters [NEW DELHI] A report critical of the Indian government’s handling of a coal fields sale will not change substantially from a leaked draft that talked of US$211 billion in lost revenues, sources said, after the government tried to downplay the findings.
      Reuters  -  350 words
    • Article
      Lock icon China plan may allow overseas investment
      423 13 Experiment will let individuals in one city invest directly in foreign assets: paper Reuters [SHANGHAI] Chinese authorities are finalising plans for a financial reform experiment that would let individuals in one Chinese city invest in overseas financial assets, local media reported yesterday, marking an
      Reuters  -  423 words
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      458 13 WATsa NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF M3 HOLDINGS (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2468H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at Suntec Tower
      458 words
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      453 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GRATINGS DGL (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****1337H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 10 Toh Guan Road #0401B Office Tower Bock Singapore *****8 on
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      669 13 SMG SINGAPORE MEDICAL GROUP SINGAPORE MEDICAL GROUP LIMITED (Incorporated in the Republic of Singapore) (Unique Entity Number: *****3187W) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 28 March 2012 issued by Singapore Medical Group Limited.
      669 words
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      2007 13 B6ATS NOTICES HU AN CABLE HOLDINGS LTD. (Company Registration No: *****0320N) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hu An Cable Holdings Ltd. (the “Company”) will be held at 168 Robinson Road, Capital Tower, FTSE Room, 9th Floor, Singapore
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  • WORLD
    • Article
      Lock icon BRICS holds summit amid questions of unity on issues
      786 14 All of its 5 members, holding their fourth meeting, have different priorities AFP [NEW DELHI] The leaders of BRICS countries gather tomorrow for their fourth summit, with the emerging market bloc struggling to convert its growing economic strength into collective diplomatic
      AFP  -  786 words
    • Article, Illustration
      Lock icon Elpida shares end at one yen before delisting
      315 14 Chipmaker valued at over US$1.1b before filing for bankruptcy Bloomberg [TOKYO] Elpida Memory Inc closed at one yen in Tokyo trading before a delisting that will wipe out shareholders in a company that was valued at more than US$1.1 billion before it
      Bloomberg; REUTERS  -  315 words
    • Article
      Lock icon US adds South Sudan to trade programme
      413 14 Reuters [WASHINGTON] President Barack Obama on Monday added oil exporter South Sudan to a US trade programme for developing countries, allowing the newly independent nation to ship oil and thousands of other goods to the United States without paying US import duties. “The
      Reuters  -  413 words
    • Article
      Lock icon Home prices in US cities fall at slower pace
      405 15 The index of values fell 3.8% y-o-y after decreasing 4.1% in December Bloomberg [NEW YORK] Home prices in 20 US cities dropped at a slower pace in January, pointing to stabilisation in the real estate market. The S&P/Case-Shiller index of property
      Bloomberg  -  405 words
    • Article
      Lock icon Royal Mail jacks up postage prices
      391 15 AFP [LONDON] Britain’s state postal service Royal Mail Group yesterday announced huge price hikes for stamps from next m o n t h group’s looming privatisaa h ea d o f t h e group’s looming privatisation next year. First class stamps will rise
      AFP  -  391 words
    • Article, Illustration
      Lock icon RBS in talks with Abu Dhabi royals
      548 15 Reuters [ABU DHABI] Talks to sell a stake in Britain’s stateowned Royal Bank of Scotland (RBS) are being held at the level of the Abu Dhabi ruling family, a source close to the emirate’s rulers and a banking source said yesterday. “Abu Dhabi
      Reuters; REUTERS  -  548 words
    • Article, Illustration
      Lock icon Strauss-Kahn slapped with prostitution charges
      434 15 Bloomberg [PARIS] Dominique Strauss-Kahn, the former head of the International Monetary Fund (IMF), was charged by three investigating judges in Lille with procurement in a prostitution ring, prosecutors said. The charge stems from an investigation into a prostitution ring linked to the Carlton hotel in
      Bloomberg; REUTERS  -  434 words
    • Article, Illustration
      Lock icon Switzerland’s latest export: architects
      849 16 Country’s size spurs architects to seek challenges abroad Bloomberg [ZURICH] Forget cheese and chocolate. Switzerland’s latest successful export is architects. The Swiss have proven that architectural prowess needs no translation, with Jacques Herzog and Pierre De Meuron creating the “Bird’s Nest” for the Beijing Olympics and
      Bloomberg; FILE PHOTO  -  849 words
    • Article
      Lock icon Giant Iceland data centre eyes global players
      410 16 Bloomberg [LONDON] On the south-western tip of Iceland, housed in a former Nato air command base, a new data centre is waiting to host the world’s information. Tapping into a ready supply of geothermal energy and cool temperatures, Bjorgolfur Thor Bjorgolfsson, Iceland’s first
      Bloomberg  -  410 words
    • Article
      Lock icon Japan buyout companies bank on corporates
      585 16 Corporates buy US$44.3b worth of firms from private equity firms in 2011 Reuters [TOKYO] Japan’s private equity firms, in search of new cash for investments, are gearing up to sell a chunk of their domestic assets this year to a willing group of buyers
      Reuters  -  585 words
    • Article, Illustration
      Lock icon Chocolate lovers weigh less: survey
      482 16 Antioxidants could be behind benefits, say researchers Reuters [WASHINGTON] People who ate chocolate a few times a week or more weighed less than those who rarely indulged, according to a US study involving a thousand people. Researchers said the findings, published in the Archives of
      Reuters  -  482 words
    • Article
      Lock icon Deutsche Bank is Europe’s biggest by assets
      661 17 Bank overtakes BNP Paribas as its assets grow 14% to 2.16 trillion euros in 2011 Bloomberg [FRANKFURT] Deutsche Bank AG, adding assets as other lenders trim their balance sheets, leapfrogged France’s BNP Paribas SA to reclaim the title of Europe’s largest bank. Assets
      Bloomberg  -  661 words
    • Article, Illustration
      Lock icon AIJ president says he falsified fund’s reports
      476 17 Asset manager had hoped to recoup US$1 b in losses Bloomberg [SINGAPORE] AIJ Investment Advisors president Kazuhiko Asakawa said he ordered the falsification of fund performance reports in the hope the Japanese asset manager could recoup losses that may be more than US$1
      Bloomberg; AFP  -  476 words
    • EUROZONE CRISIS
      • Article, Illustration
        Lock icon Bloc’s public debt woes not yet over: OECD
        566 18 Think tank warns area’s banks remain weak and that debt levels are still rising Reuters [BRUSSELS] The eurozone’s public debt crisis is not over despite calmer financial markets this year, the Organization for Economic Co-operation and Development (OECD) said yesterday, with a
        Reuters; AP  -  566 words
      • Article
        Lock icon Merkel okays bigger eurozone bailout
        595 18 Bailout including temporary fund tops 690b euros NYT [BRUSSELS] The European Union took a big step on Monday towards building a financial firewall strong enough to prevent the spread of fiscal contagion to major economies like Spain after Germany dropped its opposition to bringing the
        NYT  -  595 words
      • Article
        Lock icon Banks’ reluctance to lend high on EU meet’s agenda
        602 18 Reuters [BRUSSELS] Among the piles of papers on one European diplomat’s desk in Brussels is a memo with the words “growth” and “jobs” scrawled in blue ink, followed by a large question mark. “I think we’re missing something,” said the diplomat
        Reuters  -  602 words
    • Article, Illustration
      Lock icon Huawei banned from bidding for Australia broadband contract
      479 19 The Australian govt considers the firm to be a cyber warfare security risk AFP [SYDNEY] Chinese telecoms giant Huawei yesterday hit back at claims it was a security risk following its barring from Australia’s broadband rollout, with one director labelling it “complete
      AFP  -  479 words
    • Article
      Lock icon US group aims to bar China from infrastructure projects
      398 19 AFP [WASHINGTON] A powerful US manufacturing group launched a campaign on Monday to lock Chinese suppliers out of large US infrastructure projects, saying Beijing does not reciprocate market access. The Alliance for American Manufacturing (AAM) kicked off the campaign by blasting
      AFP  -  398 words
    • Article
      Lock icon Huawei and Symantec to dissolve JV
      424 19 NYT [SAN FRANCISCO] Less than four years after Huawei Technologies and Symantec teamed up to develop computer network security products, the joint venture is being dismantled because Symantec feared the alliance with the Chinese company would prevent it from obtaining US government classified information
      NYT  -  424 words
  • Page 14 Advertisements
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      315 14 Register now to attend over 60 FREE seminars Asia’s dedicated retail solutions trade exhibition 6th annual RETAIL ASIA 2012 Suntec Singapore International Convention Exhibition Centre, Singapore Wednesday, 25 April 2012 10.30am 5.30pm Thursday, 26 April 2012 j 10.30am 5.30pm Friday, 27 April 2012 j 10.30am 3.30pm Exhibition; Hall 401 403,
      315 words
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  • Page 15 Advertisements
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      68 15 Wine, Easter Fun i i r V I I 2^ s »ncW Cheers BRASSERIE Sunday Brunch 8 April Have fun with egg-fishing and delightful Easter treats from Checkers Deli. Tel: 6730 3390 Hilton Singapore V I s 1 fSn r »v V IT ri I vu 111 JM.Iw X B
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  • Page 16 Advertisements
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      679 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NAKATANI SOGYO (SINGAPORE) PTE LTD (COMPANY NO: *****3379C) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting held at 7 Shenton Way, #01-02 Singapore Conference Hall, Singapore *****0 on the 23rd
      679 words
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      9 16 www.omy.sg /'c'N ssiis news.omy.sg 1 h sjbqr code, mtm&
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      32 16 BEAUTY AWARDS 2012 1$ > CHECK 0 2012’S WINNE WIN A $1,000 BEAUTY HAMPER EYE SUBLIMAGE LA CR£mE IIXTUBS SUMrtMC CHANEL L FOR MORE DETAILS, PLEASE VISIT www. her world plus. COM > sPHmagazines
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  • Page 17 Advertisements
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      162 17 Asia s Largest International Food cfc Hospitality Trade Event WWW fate Over 2,600 exhibitors from 65 countries/regions will converge at this biennial industry event presenting an international line-up of product offerings. Source from thousands of innovative products at the exhibition and take in the actions in a series of world-class
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      Lock icon Page 17 Advertisements Column 2
      1641 17 SBS TRANSIT LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****6653M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore *****1 on Thursday, 26 April 2012 at
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  • Page 18 Advertisements
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      1402 18 ADVENTUS HOLDINGS LIMITED Registration No. *****1072R (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at NUSS Kent Ridge Guild House, 9 Kent Ridge Drive, Singapore *****1 on Friday, 20 April 2012 at
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      Lock icon Page 18 Advertisements Column 2
      167 18 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CWU O.S. No. 33 of 2012/T In the matter of the Companies Act (Cap. 50) And In the matter of EMPIRE COMMUNICATIONS TECHNOLOGY PTE LTD (ACRA No. *****7472/D) Between LEE PIN YEOW (NRIC No. S*****45/I) Plaintiff And EMPIRE COMMUNICATIONS TECHNOLOGY PTE
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      194 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INGRAM MICRO SEMICONDUCTOR ASIA PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****3595R) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members
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      128 18 MACCINE PTE. LTD. (Co reg no. *****6544N) (Incorporated in Singapore) A.C.N. 094 618 461 Pty Ltd (In Liquidation) (formerly known as “Maccine Pty Ltd”) holding 13,241,914 ordinary shares comprised in share certificates nos. 5 6 in Maccine Pte. Ltd. hereby gives notice that share certificates nos. 5 6 have been
      128 words
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  • Page 19 Advertisements
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      846 19 OPTIMISE YOUR PERFORMANCE DURING TOUGH TIMES Who should attend: VPs, Heads, Directors and Managers (Sales and Marketing, Brand and Product), Marketing Support Professionals, PMEBs, and other general management professionals Register at www.stjobs.sg/seminars ST DBS No No.1 Recruitment site in Singapore FULL-DAY SEMINAR FULL-DAY WORKSHOPS Be a Sales Marketing Champion! Thursday,
      846 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Kickstarting Jurong Island version 2.0
      481 20 EDITORIAL TAKING it from the drawing board to actuality that’s what government agencies together with the petrochemical companies on Jurong Island need to do next in their bid to build on the competitiveness of Singapore’s petrochemical hub versus others in the region and especially those
      481 words
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      Lock icon Bernanke out to prevent repeat of Great Depression
      820 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IT is one of the decisions made by the US Federal Reserve in the past that has intrigued contemporary economic historians. The tightening of credit by Marriner Eccles, the head of the Fed in 1936-37
      820 words
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      Lock icon Time for hot money tax and financial activity tax
      987 20  -  Idea is to curb excess risk-taking, remove distortions that bias certain economic activity REUTERS BREAKINGVIEWS By HUGO YOUNG Reuters MOVE over, Robin Hood tax. Make way for the FAT tax and the hot money levy. The European Union’s plan to put
      Reuters; AFP  -  987 words
    • Article, Illustration
      Lock icon Quiet confidence in maritime sector
      1196 21  -  Refinements of existing concessions will go some way in anchoring S’pore’s position as a leading global maritime hub By TAN LEE KHOON SANDEE SAW Tan Lee Khoon is a tax partner and Sandee Saw is a senior manager, tax at Ernst Young Solutions LLP THE
      FILE PHOTO  -  1,196 words
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      Lock icon Noda set to become Japan’s next revolving door PM
      810 21  -  ANTHONY ROWLEY Tokyo Correspondent YOSHIHIKO Noda has vowed to go right down to the wire with his bid to raise Japan’s consumption tax and to resign, along with his Cabinet, if he fails to do so. But some say that such
      AFP  -  810 words
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  • TransportHUB
    • Article
      Lock icon EU decision on Somali piracy a positive move
      969 22  -  West African governments must be supported in eliminating the scourge of piracy too STRAIT TALK By DAVID HUGHES THERE has been some good, some bad and some mixed news on piracy in the past couple of weeks. The good news is that
      969 words
    • Article
      Lock icon Capesize hire costs fall to 14-year low
      278 22 Bloomberg [LONDON] Hire costs for capesizes, the largest ships that carry dry-bulk commodities, fell to a 14-year low amid a shortage of cargoes to load at Atlantic Ocean ports. Average daily rates slid to US$1,714, investment bank Cantor Fitzgerald LP said, citing a
      Bloomberg  -  278 words
    • Article
      Lock icon Tanker earnings soften on activity slowdown
      190 22 Reuters [LONDON] Crude oil tanker earnings on the major Middle East route were weaker on Monday as a slowdown in activity and mounting vessel availability ate into gains notched up earlier this month. The world’s benchmark VLCC export route from the Middle East Gulf
      Reuters  -  190 words
    • Article, Illustration
      Lock icon US car imports boost car-carrier rates
      686 22 Growth in global car sales seen boosting shipping rates 13% Bloomberg [LONDON] The fastest growth in US demand for imported cars since 2006 is boosting rates for the vessels delivering them, spurring analysts to predict a 68 per cent gain in profit for Wilh.
      Bloomberg; BLOOMBERG  -  686 words
    • Article
      Lock icon Deutsche Bank’s ship loans swell as rivals submerge
      435 22 Reu ters [FRANKFURT] German lender Deutsche Bank is boosting its shipping finance activities while peers are trimming their exposure in a tough regulatory and market environment. Deutsche Shipping approved loans worth 1.6 billion euros (S$2.7 billion) in 2011, a third more than
      Reuters  -  435 words
    • Article
      Lock icon TRANSPORT STOCKS
      259 22 SGX '000 Mar 27 S$ +/-Vol CH Offshore 0.40 unch 1014 Chuan Hup Hldg 0.23 0.01 375 Cosco Corp 1.18 0.03 ***** s$ Ezra Hldgs 1.17 0.02 ***** First Ship Lea 0.21 unch 1021 Freight Links 0.06 unch 1019 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      259 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Jetstar Asia names former CFO as new chief
        539 23  -  He says Jetstar Asia is now the largest, most profitable low fare carrier in S’pore By VEN SREENIVASAN JETSTAR Asia’s board has lured back its former chief financial officer, Barathan Pasupathi, as its new chief executive officer, replacing Chong Phit Lian. Mr
        539 words
      • Article
        Lock icon Lufthansa, Air Berlin scrap more than 460 flights
        460 23 Strike by baggage handlers, security staff hits airports Bloomberg Reuters [FRANKFURT] Deutsche Lufthansa AG and Air Berlin plc, Germany’s two biggest airlines, scrapped more than 460 flights worldwide yesterday because of a strike by baggage handlers and security staff at the country’s
        Bloomberg; Reuters  -  460 words
      • Article, Illustration
        Lock icon Japan Airlines takes delivery of 2 Boeing 787
        415 23 Reuters [SEATTLE] Japan Airlines took delivery of its first two Boeing Co 787 Dreamliners on Monday, after a delay of about three years while the plane-maker wrestled with development and production problems. The delivery to JAL brings the total number of Dreamliners
        Reuters; AFP  -  415 words
      • Article
        Lock icon Mandala Air starts operations next week
        191 23 MANDALA Airlines, which is one-third owned by Tiger Airways, will start operations next week with maiden flights between Jakarta and Medan, followed by services between Jakarta and Kuala Lumpur. The airline which was rescued following a recapitalisation by Saratoga Group and operated on Tiger’s
        191 words
      • Article
        Lock icon Air France-KLM may start low-cost service: source
        280 23 Bloomberg [PARIS] Air France-KLM Group, Europe’s biggest airline, may start a new low-cost service as the carrier seeks ways to stem losses, according to a person familiar with the matter. Two possibilities are being considered, said the person, who asked not to be
        Bloomberg  -  280 words
      • Article
        Lock icon Scoot picks Tianjin as third destination
        231 23 SINGAPORE Airlines’ medium-haul, low-cost airline Scoot has chosen Tianjin in China as its third destination. This comes after it recently unveiled Sydney and Gold Coast as the destinations of its first two routes, starting in the middle of the year. The announcement of Tianjin
        231 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Price uptrend for goods vehicle COEs likely to continue
        602 24  -  One factor is demand from a big pool of potential replacement buyers By SAMUEL EE THE COE premium for commercial vehicles is likely to continue rising in the second half of 2012 on improving economic sentiment and large infrastructure projects, said
        602 words
      • Article
        Lock icon GM to expand capacity in low-cost countries: magazine
        281 24 Reuters [FRANKFURT] General Motors may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in Britain, a German magazine said, citing an internal strategy document. If vehicle sales rise, GM would build the additional
        Reuters  -  281 words
      • Article, Illustration
        Lock icon Honda restarts Thai car production
        423 24  -  By SAMUEL EE HONDA has resumed production at its Thai plant after it was shut down by severe flooding and authorised distributor Kah Motor expects to launch the facelifted Honda City sedan early in the third quarter. The Japanese carmaker suspended operations at its production
        423 words
      • Article, Illustration
        Lock icon Geely seeking to become China’s top car exporter
        428 24 Bloomberg [SHANGHAI] Geely Automobile Holdings Ltd said it aims to become China’s largest auto exporter in two years, overtaking Chery Automobile Co by focusing on expansion in developing countries. The Chinese carmaker plans to open factories in Belarus and Uruguay this year,
        Bloomberg; BLOOMBERG  -  428 words
      • Article
        Lock icon Nissan may speed up expansion plan in Brazil
        524 24 The country is scaling back imports from Mexican plants Bloomberg [TOKYO] Nissan Motor Co, Japan’s second- largest carmaker, may accelerate plans to expand in Brazil after Latin America’s biggest automobile market decided to scale back imports from Mexican factories. The deal between
        Bloomberg  -  524 words
      • Article
        Lock icon Demand for European and Asian cars in Iran dives
        520 24 Sanctions lift prices beyond what most Iranians can afford Bloomberg [DUBAI] Mostafa Farahmand, who oversees sales at a car dealer in Teheran, hasn’t replenished his stock of Porsche, BMW and Mercedes-Benz models for months because neither he nor his customers can
        Bloomberg  -  520 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      366 23 CRYPTIC CROSSWORD Across 1 TV presenter is given a new job that’s dull mostly (6) 4 Wine or tot knocked back by trainee (8) 10 Religious individual before day’s begun (9) 11 Bloke has no time for a meanie (5) 12 Stop a group performing (7) 13 Became unrestrained in
      366 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      1377 25 Transaction date: Mar 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 113 92.5 AIMSAMPIReit 113 +0.5 148 113 111.5
      1,377 words
    • Article
      Lock icon SGX CATALIST
      308 26 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 1 0.2 t Advanced System 0.4 unch 2150 0.4 0.3 0.3 0.4 6.6 Vol Day Last Quote Div Gr Yld Net M Cap
      308 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7382 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 1.03/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond ....0.9964/ EM Local Ccy
      7,382 words
    • Article
      Lock icon GLOBALQUOTE
      233 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46 25.5 Genting HK US$ US40.5 -0.5 ***** 41.5 40.5 40.5 41 2666.7 Vol 205 168 TanChongInt HK201cd +2 159 201 199 195 199 4.3 3.5
      233 words
    • Article
      Lock icon SGX ETF
      943 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118 26 118 118 116.6 118 538.6 103 100 CIMB APAC Div 100US$ US100 100.7 101.7 10.5 1261 856 CIMBAsean40
      943 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      610 27 Mar 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.90 *****.15 *****.25 Jun12 9970.00 *****.00 9945.00 *****.00 ***** *****1 Sep12 *****.00 *****.00 *****.00 *****.00 77 2708 MSCI TAIWAN INDEX FUTURES SPOT 284.65 286.17 283.71 Mar12 282.30 286.00 281.80 285.60 *****7 *****4 Apr12 282.50 286.40
      610 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 26 Index Change Change Change Change Change Change World Preliminary 923.5 0.8 11.3 0.6 8.4 1.0 11.7 EAFE Preliminary 754.3 0.6 10.6 0.5 7.9 0.8 11.1 Europe Preliminary 1118.9 0.9 9.0
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      99 27 As on 26 March 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1686.90 1655.40 1685.90 198 GOLD FUT JUN2012 1689.10 1661.10 1688.50 53 CURRENCY EUR-USD FUT JUN2012 1.3345 1.3201 1.3342 6481 BASE METAL EUR-USD FUT JUN2012 1.3345 1.3201 1.3342 6481
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    • Article
      Lock icon CHICAGO BOT
      107 27 Mar 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1379.50 1365.75 1388.50 1364.00 Jul 12 1384.25 1371.75 1393.50 1369.50 Aug 12 1373.00 1362.75 1382.25 1365.75 Sep 12 1349.50 1341.25 1359.25 1347.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.43
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS Mar 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 125.68 0.55 WTI (Near Mth) 107.13 0.24 Dubai (1-Mth F) 122.05 0.74 Tapis blend 131.94 1.23 Minas 131.94 1.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.72 1.00 Jet Kerosene 136.67 0.91 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Mar 27 S$ Bid Offer 1-month 1.2559 1.2560 2-months 1.2559 1.2560 3-months 1.2557 1.2558 6-months 1.2549 1.2551 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 27 Mar 26 Mar 26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2145.25 2135.00 3 months 2186.00 2174.00 Copper, Grade A(US$/tonne) Cash 8573.50 8407.50 3 months 8535.00 8380.00 Lead(US$/tonne) Cash 1995.00 1989.00 3 months 2001.00 1995.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 27 Mar 26 COCOA (£/tonne) Close Prev High/Low May 12 1513 1492 1516/1482 Jul 12 1525 1509 1527/1497 Sep 12 1527 1515 1529/1500 Dec 12 1530 1520 1533/1507 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2000 2013 2035/2011 May 12 2015 2033 2041/2010 Jul 12 2009 2021 2030/2002 Sep 12 2016
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      463 27 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 2 1 150 280 20.00 26 o o Conv Ratio Exer Price Prem Disc Gearing Expiry Mths Left Asia-Pacific Strategic W*****6 2 i 150 280 20.00 26 AlliedTech
      463 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Mar 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.043 6.641 0.789 8.178 53.534 96.763 0.872 11.946 3.221 1.277 95.594 45.214 1.323 7.984 0.952 31.147 32.344 0.659 1.053 Canada 0.958 6.365
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    • Article
      Lock icon SIBOR
      59 27 Mar 27 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      136 27 Mar 27 GOLD(US$/oz) Mar 27 Mar 26 Hong Kong 1699.50 1666.20 Mar 26 Mar 26 Mar 23 London 1684.25 1662.78 1685.05 1663.63 Source: Thomson Reuters CAST BAR Mar 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 164 68 5gm 465 341 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 27 Mar 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 28-Jun-12 0.31 1-Year BY*****W 01-Nov-12 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.07 5-Year N*****0Z 2.375 01-Apr-17 108.56 108.6 108.57 3-Month 10-Year
      80 words
    • Article
      Lock icon PALM OIL
      57 27 Mar 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 12 3474.0 3482.0 3521.0 3474.0 391 6527 May 12 3459.0 3455.0 3500.0 3458.0 2004 ***** Jun 12 3451.0 3459.0 3497.0 3450.0 ***** ***** Jul 12 3440.0 3435.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Mar 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3226 1.3229 1.0531 1.0533 Canadian dollar 1.2673 1.2683 1.0091 1.0098 Euro 1.6762 1.6765 1.3347 1.3348 NZ dollar 1.0355 1.0359 0.8245 0.8248 Sterling pound 2.0060 2.0065 1.5973 1.5975
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Mar 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.354 1.29 Can dollar 1.292 1.243 Euro 1.711 1.646 Sterling pound 2.044 1.966 NZ dollar 1.063 1.013 US dollar 1.277 1.228 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Mar 27 $S Offer Bid 0vernight 0.02 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.90 0.70 9 months 1.05 0.85 12
      154 words
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  • Article
    Lock icon The Business Times Shipping times
    3776 28 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 28 Advertisements
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      47 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The business times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      150 29 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? urgently needed by shippers Can they -Find your services here in -the Shipping Times? ADVERTIS JO I WOIM' AT 9620 THE BUSINESS TIMES Shipping times Announce Your Corporate Development Come publicise your Project Completion,
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  • executive Money
    • Article, Illustration
      Lock icon Keep calm: The rally is for real
      1259 30 Investors are starting to believe the current rally in stocks, commodities, and emerging markets could be a long-lasting one Reuters [NEW YORK] IF YOU’RE waiting for the next meltdown in US stocks or in commodities, you may want to get over it. After
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    • Article
      Lock icon Tapping the potential of Asian consumers
      908 30 IHT [NEW YORK] Europe and the United States have been the main sources of turmoil in global markets during the past year, but investors in Asia have had more than their share of suffering. Asian stocks were hit especially hard by concern that slowing
      IHT  -  908 words
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      Lock icon Indonesia: In the face of headwinds
      1045 31  -  The latest proposal will go some ways in further ensuring the long-term fiscal sustainability of the government, reportsWELLIAN WIRANTO reportsWELLIAN WELLIAN WIRANTO The writer is an investment strategist at Barclays INDONESIA is likely to face two sources of headwinds in the coming weeks, in
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      171 30 COFFEE'S ON US ...WHEN YOU USONFACEBOOK. STAND TO WIN 3 NEW IPADS* TOO! TERMS CONDITIONS APPLY. STJOBS Voted No.1 Recruitment Site by Marketing Magazine (2011) t-. 0 STJOBS STJOBS.sc GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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      135 30 9-Nights Exotic Asia Fly Cruise <1 728* $331* Singapore Departure: June 11 1 (All taxes fees) Ports-of-call: Vietnam, Hong Kong (Over Night), Xiamen, Shanghai Full day Shanghai city tour with lunch dinner one way air ticket from Shanghai to Singapore on Cathay Pacific one night post cruise stay at Royal
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      91 31 .COM.SG let money work for you Always wanted to make your money work harder but not sure where to start? With www.btinvest.com.sg, you can now learn how to grow your wealth through stocks, bonds and property investments. Brought to you by The Business Times, this one-stop portal also gives advice
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      131 32 I VV" A 1 a f r Ja. m Sharper. Bolder The new Audi A5. FASHION! FESTIVAL! SINGAPORE When it comes to making a bold impression, nothing cuts sharper. Sweeping Lines. Precision styling. Striking LED daytime running lights. An electrically assisted steering system for unsurpassed agility. A 3.0 TFSI® V6
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      246 3 ELEVATE YOUR VIEW OF THE WORLD. A limited collection of 40 bespoke residences awaits you at Skyline Orchard Boulevard. Enjoy the luxury of transforming every room, aspect and detail according to your own unique expression. Designed by Pritzker Prize Laureate Fumihiko Maki, every residence provides generous living spaces and personalised
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      151 4 contents April~ 2012 Tactical asset allocations ~~~A~cautious~stance~is~warranted~as~equity~market~performance~ ~is~expected~to~be~challenging ~8 PHOTO:~~REUTERS PHOTO:~~iSTOCKPHOTO Roundtable: Looking ahead ~~~The~panel~shares~its~three-to-six~month~view~of~~themes~ and~assets ~~~that~ will~fare~well,~and~assets~ that~investors~should~avoid ~14~ Up, up and away ~~~The~Dow~Jones-UBS~commodity~index~is expected~to~rise~by~~ ~between~7~and~15~per~cent ~this ~year,~with~oil~prices~leading~~the~way ~16~ The new frontier ~~~Frontier~markets~could~become~tomorrow’s~emerging~markets ~20~ The art of not being fooled by yourself ~~~Be~ aware~of ~the~psychological~flaws~to ~which~investors~ ~~~typically~succumb ~22~ Preserving
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      114 5 CreditSuisse £iaK5 it- < r r m t sfm j L m A m ft L=f •f. J J E /_rl v—* r “/T* r fJF d *L 2 Growing your wealth across generations requires a trusted partner. Credit Suisse. Your trusted partner for your business needs. A family's wealth
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  • Wealth
    • Article, Illustration
      Lock icon Editor’s note
      571 6  -  By Genevieve Cua OST investors fret about market direction and the prospect of steep market drops. While those are very real concerns, there is one aspect of wealth management where the failure to plan could arguably wreak even more damage than a market collapse. This is the failure
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    • ASSET PRESERVATION
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        Lock icon TACTICAL ASSET ALLOCATIONS
        1184 8  -  A CAUTIOUS STANCE MAY BE WARRANTED AS EQUITY MARKET PERFORMANCE IS EXPECTED TO BE CHALLENGING By David Darst David Darst is Managing Director and Chief Investment Strategist of Morgan Stanley Smith Barney This article is for informational purposes only I NVESTORS may be prudent in taking a
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    • ROUNDTABLE
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        Lock icon LOOKING AHEAD
        2041 11 OUR PANEL IS BULLISH ON EMERGING MARKETS AND OPTIMISTIC ABOUT THE OUTLOOK FOR GLOBAL EQUITY MARKETS This year started on a relatively optimistic note, and risk assets have seen a revival of sorts. But as always, naysayers warn of an impending correction as the long-term bear trend, they
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    • COMMODITIES
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        Lock icon UP, UP AND AWAY
        1020 14  -  THE DOW JONES-UBS COMMODITY INDEX MAY RISE BY BETWEEN 7AND 15 PERCENT THIS YEAR, WITH OIL PRICES LEADING THE WAY By David Donora David Donora is Head of Commodities, Threadneedle Investments HE outlook for commodities in 2012 is good. We expect the Dow Jones-UBS Commodity Index
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    • EMERGING MARKETS
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        Lock icon THE NEW FRONTIER
        1500 16  -  FRONTIER MARKETS ARE TYPICALLY SMALLER AND LESS DEVELOPED THAN EMERGING MARKETS BUT ARE GROWING AT A FAST PACE AND COULD BECOME TOMORROW’S EMERGING MARKETS By Mark Mobius Dr Mark Mobius is Executive Chairman of the Templeton Emerging Markets Team, which manages over US$50 billion worth of emerging
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      Lock icon ANZ Private Bank discusses the creation of a lasting legacy for future generations
      1243 19 Brought to you by ANZ Private Bank John Elkovich, Head of Financial Advisory at ANZ Private Bank discusses how estate planning is a crucial aspect of wealth planning and how a Universal Life Insurance Policy can help
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    • RISK PROFILING
      • Article, Illustration
        Lock icon The art of not being fooled by yourself
        1283 20  -  BEING AWARE OF THE PSYCHOLOGICAL FLAWS TO WHICH INVESTORS TYPICALLY SUCCUMB CAN HELP YOU GAIN A CLEARER PICTURE OF THE RISK AND RETURN POTENTIAL OF INVESTMENTS By Lars Kalbreier Lars Kalbreier is Managing Director, Global Head of Mutual Funds ETFs, Private Banking
        iSTOCKPHOTO TO: PHO  -  1,283 words
    • ASSET PRESERVATION
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        Lock icon PRESERVING WEALTH IN UNCERTAIN TIMES
        1039 22  -  STRATEGIES TO ENSURE THAT ASSETS RETAIN THEIR PURCHASING POWER By Pranay Gupta Pranay Gupta is Chief Investment Officer Asia, Lombard Odier Darier Hentsch HREE factors have contributed to the fact that it is more difficult today than in the past to ensure that assets retain
        PHOTO: AFP  -  1,039 words
    • INVESTMENT STRATEGIES
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        Lock icon INVESTING DURING UNCERTAIN TIMES
        1063 24  -  ONE WAYOF ACHIEVING FINANCIAL PEACE OF MIND IS TO ADOPT ADISCIPLINED AND RISK CONTROLLED APPROACH By Chong Jiun Yeh Chong Jiun Yeh is Chief Investment Officer (Fixed Income Structured Investments), UOB Asset Management OW does one find financial peace of mind, particularly in today’s uncertain times?
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    • BONDS
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        Lock icon INVESTING IN BONDS
        1038 26  -  THIS ASSET CLASS SHOULD BE AN IMPORTANT COMPONENT IN A WELL-ROUNDED PORTFOLIO By John Ng John Ng is Head of Research at Bank of Singapore, overseeing research in equities, bonds and funds W HILE most Asian investors are familiar with equities, bonds remain an asset class that
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    • SUCCESSION PLANNING
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        Lock icon PASS IT ON
        1250 28  -  ESTATE PLANNING ALLOWS FOR EFFECTIVE WEALTH MANAGEMENT By Michael Troth Michael Troth is Asia-Pacific Head of Trust and Advisory Services at Citi Private Bank F OR many, wealth management is all about investing and building up one’s portfolio. Yet after accounting for personal aspirations and a comfortable
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      • Article, Illustration
        Lock icon LOOKING AFTER YOUR FAMILY
        901 30  -  THE DOS AND DON’TS OF ESTATE PLANNING By Ban Su-Mei Ban Su-Mei is Partner, Tax and Private Client, at KhattarWong LLP Y OU would be forgiven if you thought that a trust is like a shelf company that you can purchase much like an offshore company.
        901 words
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        Lock icon HANDING OVER
        1100 31  -  A WELL THOUGHT-THROUGH BUSINESS SUCCESSION PLAN CAN HELP MINIMISE CONFLICT AND ENSURE THAT THE LEGACY THAT ONE HAS BUILT ENDURES FOR THE NEXT GENERATION AND BEYOND By Thelma Kwan Thelma Kwan is Head of Wealth Advisory, Asia-Pacific at the Wealth and Investment Management division of Barclays ANY of
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    • PROPERTY
      • Article, Illustration
        Lock icon SEEING THE LIGHT IN COMMERCIAL PROPERTY
        1898 32  -  THE ABSENCE OF SOME STAMP DUTIES, RESTRICTIONS ON OWNERSHIPAND HIGHER QUANTUM OF FINANCING MAKES THIS AN ATTRACTIVE ASSET CLASS FOR INVESTORSTO CONSIDER By Grace Ng Grace Ng is Deputy Managing Director, Colliers International ESIDENTIAL properties are deemed the most popular type of asset class
        Source: URA/Colliers International Singapore Research  -  1,898 words
    • INSURANCE
      • Article, Illustration
        Lock icon COVERING ALL THE BASES
        2073 34  -  SOME IMPORTANT POINTS TO CONSIDER WHEN LOOKING FOR COMPETITIVELY PRICED, LARGE LIFE COVER AS PART OF AN ESTATE PLAN By Odd Haavik Odd Haavik is Managing Director and CEO of Charles Monat Associates Pte Ltd A S INVESTMENT markets become increasingly volatile, the need for safe
        2,073 words
    • LEISURE
      • Article, Illustration
        Lock icon NEAR AT HAND
        1201 36  -  WITH THE NUMBER OF LUXURYGOLF DESTINATIONS IN THE REGION, A GOLFER HERE WON’T HAVE TO GO FAR FOR A FEW SWINGS By Justine Moss P LANNING a luxury golf holiday in this region is simple and stress-free because of the plethora of golf destinations right at Singapore’s
        1,201 words
    • FAMILY GOVERNANCE
      • Article, Illustration
        Lock icon Keeping it in the family
        1053 38  -  PROSPERING BEYOND THE THIRD GENERATION By June Lee June Lee is Head of Family Governance at UBS Wealth Management “I T’S not fair!” This is probably the most frequent objection and most common trigger for strife within a family not only among young siblings but
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      41 7 WHEN THE EXCEPTIONAL DEMAND THE EXCEPTIONAL, THEY COME TO COUTTS. For over 300 years, Coutts has been the bank of choice for exceptional people with an unrivalled reputation for managing their unique financial requirements. www.coutts.com INVESTMENT MANAGEMENT WEALTH PLANNING PRIVATE BANKING
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      265 9 Maggie Tsui Deputy Head of Investment Services Asia BNP Paribas Wealth Management Looking to manage your own wealth by pulling the right levers? Look no further lir ■f i r t L m < =2 Si \T TU rnivm IT TA 1VX Managing your own portfolio is empowering yet challenging
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      199 13 Until coach Wu Bin helped Jet Li become a martial arts icon, he would not rest. (Beijing, 1982.) m I* v i i« MBM S What can your client advisor learn about motivation from the man who trained Jet Li? Before the adoring fans and critical acclaim. Before the bright
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      438 15 QUESTIONS on Wealth Management 3 Understanding Asia Client Relationships Market Volatility BSI Bank is one of the fastest-growing private banks in Asia. We asked three of the bank’s senior executives to respond to the kind of challenging questions they expect from clients. Hanspeter Brunner Chief Executive Officer BSI Asia Can
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      95 17 World’s No. CFD provider D CFD trading is a convenient way to profit from rising and falling prices. Trade FX P shares, indices and commodities, all from one account. Enjoy a world-leading service from our local office in Singapore. Find all you need to get started at igmarkets.com.sg or call
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      446 21 AWARDED FOR excellence. RENOWNED FOR persistence. “THE DOORS OF WISDOM ARE NEVER SHUT.” BENJAMIN FRANKLIN With over 60 years of experience and offices in more than 30 countries, Franklin Templeton has built an enviable track record that has stood the test of time. We believe in thinking globally and acting
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      104 23 Sharper. Bolder. Better. The new Audi A5. When it comes to making a bold impression, nothing cuts sharper. Sweeping Lines. Precision styling. Striking LED daytime running lights. An electrically assisted steering system for unsurpassed agility. A 3.0 TFSI® V6 engine with an innovative and fuel efficient supercharger system. It’s a
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      116 25 IMAGINE A BANK Imagine a bank where your interests really do come fi rst. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine
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      705 27 cftl V /f R 0 A nidi Senes Se small FX fund manager seminar air V Wednesday 28 March 2012 CitiFX Pro Seminar Series provides an opportunity for exempt and small FX Fund managers to hear from industry experts. Come and join our speakers as they share their views and
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      262 29 World Class Trading Anytime, Anywhere I > Back Trade Price loknanco Spot date Add Related Orders Preview Trade Introducing SaxoTrader For iPhone® and Android Market analysis Real-time data charting Trade from your mobile THE FIRST FX TRADE AT TERMINAL VELOCITY We built our new Saxo Capital Markets app with the
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      111 39 BANKOFSINGAPORE International Private Banking Voted Outstanding Private Bank Asia Pacific 2011 by Private Banker International You've always known that success goes beyond the balance sheet. ■JL i> IU i 1 a X A Like you, we understand the value of investing in relationships. That's why Bank of Singapore is dedicated
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      180 40 NET CAINS. WEALTH. WHAT’S IT TO YOU? It’s important your gains should become your family’s inheritance, and at Barclays we aim to help you achieve this. We offer investment management and wealth planning to help create a better future for you and your family. With our high levels of personal
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