The Business Times, 17 April 2012

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, April 17, 2012G
    25 words
  • Article
    Lock icon Home demand rides the wave of new launches
    925 1  -  Private homes continue to be snapped up with new offerings from developers By MICHELLE TAN [SINGAPORE] Though they didn’t quite touch the record-smashing levels of February, private homes sales continued to remain high in March as they were powered by new launches.
    925 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,992.12 (+4.30) GST INDEX FUTURES 2,977 (+4) HSIMSCI 342.74 (-0.02) GSIMSCI FUTURES 340.60 (+0.70) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.584 1.985 EURO (US$/S$/E) 1.302 1.632 Foreign currency per US$ S$ YEN 80.50 64.30 RM 3.071 2.450 HK$ 7.759 6.191 BAHT 30.87 24.63 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.734 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg Source: Bloomberg
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  • Article
    Lock icon Drumrolls as new band leads yuan to world stage
    915 1  -  Currency takes big step towards internationalisation By JEFF PAO EJ Insight CHINA’S move to widen the renminbi’s trading band against the US dollar suggests that authorities are ready to press ahead with an opening-up of the nation’s capital account in the
    EJ Insight  -  915 words
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      84 1 WORLD BANK Jim Yong Kim voted the new chief PAGE 4 SME Inc Not taking help for granted PAGE 14 COMMITTEE OF INQUIRY Material defects part of factors causing MRT breakdown PAGE 2 SPECIAL FOCUS Food&HotelAsia2012 is bigger than ever PAGE 12 Debate over whether selling more land will cool
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  • TOP STORIES
    • Article, Illustration
      Lock icon Material defects part of factors causing MRT breakdown
      804 2  -  Rare confluence of factors include claw types, location and higher vibrations COMMITTEE OF INQUIRY PUBLIC HEARING Reports by SAMUEL EE [SINGAPORE] A “rare confluence of factors” led to the major MRT disruptions on Dec 15 and 17 last year and this included
      804 words
    • Article
      Lock icon Judge wants SMRT, LTA to address key issues
      531 2 Solutions for shoe monitors, rail covers, train failure needed [SINGAPORE] Committee of Inquiry (COI) chairman Chief District Judge Tan Siong Thye wants SMRT and the Land Transport Authority to address several key issues over the next six weeks, as the train operators
      531 words
    • Article
      Lock icon Hosting at Fifa events now within reach
      680 2  -  S’pore firm Livesports lands exclusive rights to Fifa Hospitality Programme By MALMINDERJIT SINGH [SINGAPORE] Keen to host your clients and executives at the World Cup football extravaganza, but not sure how to? Some even believe that obtaining the much sought after corporate hospitality
      680 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Home demand rides wave of launches
        63 2 THOUGH they didn’t quite touch the record-smashing levels of February, private homes sales remained high in March as they were powered by new launches. The government will release six more residential sites this month to appease the growing appetite of developers and buyers. The
        63 words
      • Article
        Lock icon New band leads yuan to world stage
        50 2 CHINA’S move to widen the renminbi’s trading band against the US dollar suggests that authorities are ready to press ahead with an opening-up of the nation’s capital account in the coming years and carry out further reforms to internationalise the currency, experts said.
        50 words
      • Article
        Lock icon Material defects in MRT breakdown
        39 2 A “RARE confluence of factors” led to the major MRT disruptions on Dec 15 and 17 last year and this included critical material defects, train operator SMRT Trains told the Committee of Inquiry yesterday.
        39 words
      • Article
        Lock icon Will selling more land cool market?
        42 2 EVEN as the government yesterday rolled out seven sites that can potentially generate about 3,000 private homes, a discussion has surfaced as to whether releasing more land will have the desired effect of cooling the market.
        42 words
      • Article
        Lock icon Higher acquisition costs weigh on M1
        57 2 HIGHER acquisition costs pushed M1’s net profit in the first quarter down by 5.3 per cent over the corresponding period last year, to $40.3 million. The cost per postpaid customer was $363, compared with $330 a year ago, although this figure tends to vary
        57 words
      • Article
        Lock icon LionGold pounces on Aussie mine
        29 2 LIONGOLD Corp is hunting down another gold mining target with plans to buy Australia’s Castlemaine Goldfields for about $70.2 million in cash and stock.
        29 words
      • Article
        Lock icon IE S’pore eyes China’s healthcare sector
        54 2 TO tap into China’s upcoming silver tsunami, IE Singapore is exploring an integrated healthcare project that can serve as a healthcare, wellness, tourism and retirement hub for the ageing and affluent. This could be a commercial platform project for Singapore companies to enter China’s
        54 words
      • Article
        Lock icon US retail sales rise 0.8% in March
        63 2 US RETAIL sales rose solidly last month as Americans shrugged off high petrol prices and bought a range of goods, implying that economic growth in the first quarter was probably not as weak as many had feared. Total retail sales increased 0.8 per
        63 words
      • Article
        Lock icon Qatar Air open to China-made jets
        79 2 THE chief executive of Qatar Airways said delays to new planes from Airbus and Boeing meant he was open to studying future aircraft being developed by emerging producers such as China. Akbar Al Baker, who has regularly berated the world’s largest planemakers for missing
        79 words
    • Article, Illustration
      Lock icon Jim Yong Kim is World Bank president
      585 4 Developing nations upset; decision not unanimous AFP Reuters Bloomberg [WASHINGTON] The World Bank yesterday chose Kore-an-born American health expert Jim Yong Kim as its new president, maintaining Washington’s grip on the job and leaving developing countries questioning the selection process. Mr Kim, 52,
      AFP; Reuters; Bloomberg; REUTERS  -  585 words
    • Article
      Lock icon Debate over whether selling more land will cool market
      1179 4  -  Up to 7 sites, 3,000 units on the block; some say this may feed impulse buying By KALPANA RASHIWALA [SINGAPORE] Even as the government yesterday rolled out seven sites that can potentially generate about 3,000 private homes, a discussion has surfaced
      1,179 words
    • Article, Illustration
      Lock icon Lower-income so underpaid, 50% rise wouldn’t hurt
      391 4 They’d still earn less than in comparable nations: Prof Lim [SINGAPORE] Responding to concerns that his “shock therapy” solution to plug the income gap would risk jobs as pay hikes outstrip productivity gains, Professor Lim Chong Yah has a simple riposte Singapore’s lowest-paid
      391 words
    • Article
      Lock icon 44 men charged with paid sex with a minor
      604 4  -  They include 9 civil servants, ex-head of Pei Chun school By GRACE LEONG [SINGAPORE] Forty-four men, including nine civil servants, were charged yesterday for paid sex with a minor. They allegedly obtained services from an online sex ring that employed an
      604 words
    • Article
      Lock icon Prices of HK banks seen attractive for takeover
      497 4 Three smaller banks being hit harder by larger rival lenders Bloomberg [HONG KONG] As Hong Kong establishes itself as a hub for offshore trade and investment in China’s currency, the city’s family-owned banks can be acquired at some of the lowest valuations
      Bloomberg  -  497 words
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      191 2 [MTURECHINA LOBAL FORUM 2012 SI i Ya Vim 9-10 July 2012 Shangri-La Hotel, Singapore I SEIZING NEW OPPORTUNITIES, MANAGING NEW UNCERTAINTIES Featuring insights and analyses by an eminent and diverse collection of more than 40 speakers including Lee Hsien Loong Prime Minister, Singapore (Keynote speaker for Closing Lunch Dialogue on
      191 words
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      Lock icon Page 2 Advertisements Column 2
      31 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 6 COMPANY NEWS, PAGE 7 SINGAPORE NEWS, PAGE 10 February. WORLD, PAGE 20 AVIATION, PAGE 24
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  • Page 5 Advertisements
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      206 5 It's never wise to make hasty investment decisions Making the right call is about having vital information at your fingertips. Saxo offers real-time streaming news, in-depth global market analyses by in-house strategists, and comprehensive charting tools all on a robust, secured and multi-asset trading platform. So you can take the
      206 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Higher acquisition costs weigh on M1
      495 6  -  Telco’s profit down 5.3% in Q1, despite operating revenue rising 1.9% By VICTORIA HO Higher acquisition costs pushed M1’s net profit in the first quarter down by 5.3 per cent over the corresponding period last year, to $40.3 million. The cost per postpaid customer
      495 words
    • Article
      Lock icon K-Reit Asia’s post-rights DPU doubles in Q1
      342 6  -  Surge in property revenue from new office investments By JASMINE NG K-REIT Asia yesterday posted a distribution per unit (DPU) of 1.90 cents for the first quarter based on an enlarged post-rights share base compared to 0.96 cents a year ago, The annualised
      342 words
    • Article, Illustration
      Lock icon United waiting for right time for Singapore IPO: source
      481 6 Club eyes listing of 25-30% of shares, which would value it at up to £2b AFP [SINGAPORE] English football giants Manchester United have yet to decide on a Singapore share sale, a source close to the deal said yesterday, despite reports
      AFP; BLOOMBERG  -  481 words
    • COMPANY BRIEFS
    • Article
      Lock icon In the right business but out of the limelight
      773 6  -  HOCK LOCK SIEW By VEN SREENIVASAN IN October 2011, listed Memstar Technology Ltd announced an OEM manufacture agreement with Hydranautics, a US-based subsidiary of Japan’s Nitto Denko Corporation. Under the deal, Memstar would supply high-performance hollow fibre membrane products to Hydranautics.
      773 words
    • Article
      Lock icon Temasek buys US$2.3b worth of ICBC shares
      689 6 Reuters [HONG KONG] Singapore state investor Temasek Holdings bought US$2.3 billion worth of ICBC’s Hong Kong-listed shares from seller Goldman Sachs, piling into three of China’s top four banks and raising its bet on the world’s sec-ond-biggest economy. Temasek was burned by its
      Reuters  -  689 words
    • Article
      Lock icon LionGold pounces on Aussie mine for $70m
      550 7  -  Cash and stock deal values Castlemaine at 62% premium over last close By KENNETH LIM LIONGOLD Corp is hunting down another gold mining target with plans to buy Australia’s Castlemaine Goldfields for about $70.2 million in cash and stock. Singapore-based LionGold will subscribe
      550 words
    • Article
      Lock icon Sembcorp’s Oman project to be fully operational in May
      455 7  -  By RONNIE LIM SEMBCORP’S US$1 billion independent water and power project (IWPP) in Salalah, Oman will be fully operational next month, with the IWPP its second in the Middle East after the US$1.7 billion Fujairah IWPP in the United Arab Emirates
      455 words
    • Article, Illustration
      Lock icon OCBC aims to boost China, Indonesia sales
      449 7 Bloomberg [SINGAPORE] Oversea-Chi-nese Banking Corp’s Samuel Tsien, who became chief executive officer of South-east Asia’s sec-ond-largest lender on Sunday, aims to boost the company’s revenue from China and Indonesia. “We can create a better presence there, we can do more business there, and
      Bloomberg  -  449 words
    • Article
      Lock icon Investors play it safe with defensive stocks
      629 9  -  Utilities, consumer staples, energy dominate holdings, Russell index shows By LIM WEI SHENG INVESTORS are choosing to play it safe by leaning towards defensive stocks, according to global asset manager Russell Investments. A statement by Russell Investments revealed that the Russell Asia Pacific
      629 words
    • Article
      Lock icon K-Green Trust Q1 earnings hold steady
      261 9  -  By LYNN KAN K-GREEN Trust has reported earnings per unit for the first quarter of 0.56 cent, unchanged from the corresponding period in 2011. Cash generated from operations was $11.7 million in the quarter ended March 31, 2012, down 21 percent from the $14.8
      261 words
    • Article, Illustration
      Lock icon SIA’s March passenger load factor up 6.3%
      327 9  -  By VEN SREENIVASAN A SHARP uptick in passenger numbers at a time of moderate capacity growth enabled Singapore Airlines to boost its passenger load factor (PLF) in March. PLF rose 6.3 percentage points to 79.5 per cent last month as the airline saw
      AP  -  327 words
    • Article
      Lock icon Khazanah likely to list healthcare assets in KL, S’pore in H2
      300 9 Reuters [KUALA LUMPUR] Malaysia’s state investor Khazanah Nasional Bhd is expected to list its healthcare assets in Kuala Lumpur and Singapore in the second half, a deal that could fetch US$1.5 billion, said two sources with direct knowledge of
      Reuters  -  300 words
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      Lock icon Page 7 Advertisements Column 1
      404 7 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE MBA Global Leadership for the Asian Century Ranked #1 MBA in Singapore, #3 in Asia The Economist 2011 Singapore’s #1 MBA for 8 consecutive years The Economist 8 Willie Wong Chairman Managing Director Frontken Corporation Group of Companies V Shannon Ng Director
      404 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Most Asia markets pare early losses
      548 8  -  ST Index closes with a 4.3-point gain as Wall Street futures stage late recovery STOCKS VEN SREENIVASAN Senior Correspondent ASIAN markets muddled through a featureless session following a selldown on Wall Street on Friday, as most market participants sat by the sidelines ahead of
      Source: Bloomberg  -  548 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Apr 16 VALUE CLOSE BT OB/OS -161.00-137.00 BT CADI -*****.00 -89.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 688.25 -1.40 FTSE ST Small Cap 465.66 -1.36 FTSE ST All Share 723.89 +0.47 FTSE ST China Top 223.82 -0.25 FTSE ST China 255.76 +2.15 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Digiland 366,463,000 SingXpress 175,362,000 MDR 173,155,000 Golden Agri 123,518,000 JEL Corp 93,159,000 ChinaESave 88,559,000 Sin Heng 81,920,000 IPCO Intl 71,268,000 KLW Hldgs 63,764,000 MDR W*****5 61,399,000 VALUE($) Golden Agri 92,199,289 UOB 56,315,315 Keppel Corp 55,850,950 Genting SP 42,582,210 LionGold 39,036,205 CapitaLand 34,431,052 Yangzijiang 30,160,675 DBS Grp
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 7 0 0 0 4 5 7 Manufacturing 39 60 38 7 5 13 46 65 51 Commerce 18 26 18 3 5 2 21 31 20 Tpt/Stor/Comms 6 15 17
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    • BROKERS’ TAKE
      • Article
        Lock icon Genting Singapore
        411 8 April 16 close: S$1.70 Maybank Kim Eng Research, April 16 RESORTS World Sentosa’s (RWS) VIP volume likely troughed in Q4 2011 but will recover going forward. The two new junkets may not add greatly to VIP volume but more and larger junkets may be approved next year. The
        411 words
      • Article
        Lock icon STX OSV Holdings
        400 8  -  Compiled by LYNN KAN April 16 close: S$1.745 AmFraser Securities, April 16 STX OSV sold three large vessels in two days. It just announced another two offshore subsea construction vessels (OSCVs) sold to Siem Offshore, for delivery in Q3 and Q4 2013. A similar vessel was sold
        400 words
      • Article
        Lock icon Glossary:
        136 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        136 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,965 11,965 69,018 69,018 Manufacturing 305,046 223,814 528,860 167,239 5,256 172,495 Commerce 557,487 88,137 645,624 76,714 3,451 80,165 Tpt/Stor/Comms 73,578 13,588 87,166 94,598 3,724 98,322 Finance 17,751 17,751 110,034 110,034 Construction 156,857 101,505 258,362 15,199
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.565 -0.015 CapitaLand 2.950 CapitaMall 1.825 +0.015 CityDev 10.660 -0.020 ComfortDelGro 1.525 DBS Grp 13.490 +0.010 F&N 6.750 +0.010 GLP 2.150 -0.020 Genting SP 1.700 +0.015 Golden Agri 0.745 -0.010 HK Land 6.300 +0.160 JMH 51.850 -0.270
      110 words
    • Article, Illustration
      Lock icon Euro slides broadly on Spanish drag
      452 8 CURRENCIES Reuters [NEW YORK] The euro weakened broadly yesterday, hitting a twomonth low against the dollar and the yen and a 1-1/2-year trough versus sterling, weighed down by worries about the Spanish economy’s fragile state. Financial market sentiment in the eurozone was on edge.
      Reuters; BLOOMBERG  -  452 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 252.0 2.0 DBXT FTVietnam 10US$ 2621 57.6 1.8 DBXT S&P Short 10US$ 3776 48.9 1.0 IS Asia BND 100US 1035 25.1 2.0 HK Land 630 20.1 2.6 Hyflux 6% CPS 10 ***** 20.0 0.2 Keppel Corp 1160 14.0 1.2 JSH 3282
      118 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -309.5 -1.5 DBXT MSJAP 10US$ 3697 -50.1 -1.1 DBXT FTChina25 10US$ 2755 -41.4 -1.2 JMH 5185 -33.8 -0.5 DBXT STGLDv100 10US$ 2700 -32.6 -1.0 Lyxor MS India 10US$ 1315 -27.6 -1.6 DBXT MSAsExJp 10US$ 3096 -22.6 -0.6 Lyxor China H 10US$ 1370
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      230 9 reinventing Business Strategies Youira FIND US ON "JSSsSs $$0* ovJ' xv^ 5 \v* Trx *>(/£ £\at1 invites voi t-** 4 t^“CS« s en\°Y c sa tt,V>e co-^SU** 15 1ST-— f... «®vr S^Ato tf^c Fancy being a VIP at a blockbuster attraction before everyone else? Getting invited to an A-list artist
      230 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon IE Singapore eyeing China’s healthcare sector
      619 10  -  It is looking into healthcare, wellness, retirement hub for the ageing By LYNETTE KHOO TO tap into China’s upcoming silver tsunami, IE Singapore is exploring an integrated healthcare project that can serve as a healthcare, wellness, tourism and retirement hub for the ageing and
      619 words
    • Article
      Lock icon Steps taken to ensure DNA test error not repeated
      460 10  -  HSA says retests also done for 87 criminal cases By CAI HAOXIANG A REVIEW of a government laboratory DNA testing error has been completed, with various steps taken to ensure that it will not happen again. These include establishing clearly defined
      460 words
    • Article, Illustration
      Lock icon Using IT to raise quality of life of stroke sufferers
      371 10  -  By AMANDA EBER CREATIVITY and innovative thinking in infocomm can make an impact and improve lives, said Chan Chun Sing, Minister of State for Information, Communications and the Arts, yesterday. Speaking at the National Infocomm Competition (NIC) launch and awards
      LIANHE ZAOBAO  -  371 words
    • Article
      Lock icon MBS wins its first default judgment here
      443 10  -  Businessman Takami Shinichi ordered to pay $2m plus interest to MBS By GRACE LEONG THE Singapore High Court has granted Marina Bay Sands immediate recovery of nearly $2 million in unpaid gambling debt from a Singapore-based Japanese businessman the first default judgment issued
      443 words
    • Article
      Lock icon Consultations to make working at heights more safe
      310 10  -  Public deliberation on new rules could start this quarter By ANNA LEE PUBLIC consultation on the impending regulations to govern working at heights could kick off as early as this quarter, according to Senior Parliamentary Secretary for Education and Manpower Hawazi Daipi.
      310 words
    • Article
      Lock icon Insuring debt owed by customers
      314 10  -  By EVE YEO COMPANIES usually do not think twice about insuring fixed assets like property, buildings and equipment but may overlook insuring the amount of debt owed to them by clients. “Such debt is an asset that has not been considered for risk and for
      314 words
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      628 10 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ETO SINGAPORE PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. 1998D0880KI NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting
      628 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon No Olympic gold medal for UK economy
      600 11 Games seen giving only short-term boost to Britain’s weak economy AFP [LONDON] The London Olympics will give a short-term boost to Britain’s weak economy but economists predict the greatest sporting spectacle on Earth will fail to prevent a sharp slowdown this year. The
      AFP  -  600 words
    • Article
      Lock icon Some rich Britons pay less than 10% tax after reliefs
      478 11 Those on lowest incomes pay higher rate of tax than millionaires Reuters [LONDON] About 6 per cent of Britain’s wealthiest people used tax reliefs to reduce their tax bills to less than 10 per cent, according to data published by
      Reuters  -  478 words
    • Article
      Lock icon S Korea cuts growth outlook for 2012 to 3.5%
      246 11 AFP [SEOUL] South Korea’s central bank yesterday cut the nation’s economic growth forecast for 2012 to 3.5 per cent, citing a global slowdown including waning demand from debt-hit Europe. Gross domestic product in Asia’s fourth-largest economy would expand 3.5 per cent
      AFP  -  246 words
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      231 11 GO GREEN GO CITY GAS City Gas Advancing Singapore's F&B Industry Through the years, City Gas has always supported the local food industry by providing excellent gas services. Partnering with world renowned MKN, we are proud to present gas combi ovens equipped with innovative functions which will enhance your business’
      231 words
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  • FOOD&HOTELASIA2012
    • Article, Illustration
      Lock icon Food, beverage, hospitality and business
      796 12 With trade shows, competitions and thought leadership, Food&HotelAsia2012 is bigger than ever NAME an event that features more than 2,800 exhibitors from over 71 countries and regions around the world, and that is expecting to draw over 54,000 attendees. The first guess likely to come
      ST FILE PHOTO  -  796 words
    • Article
      Lock icon In the right spirit
      327 12 IT’S not just about fine dining consumers in Asia are starting to pick up fine wines as well. As a gauge of the trend, figures from Euromonitor International show that in Singapore alone, wine consumption shot up by 12 per cent last year. By 2016, Singaporeans
      327 words
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      88 12 SCOTLAND. ONE OF THE BEST STOCKED LARDERS IN THE WORLD. SCOTLAND’S FOOD AND DRINK IS THE ENVY OF THE WORLD. BEAUTIFUL FERTILE LAND, CLEAN AIR AND CLEAR WATERS LEAD TO A HARVEST OF THE FINEST AND MOST NATURAL INGREDIENTS. FROM BEEF, LAMB, SALMON AND VENISON TO SOME OF THE WORLD’S
      88 words
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      1112 13 Food&HotelAsia2012 www.foodnhotelasia.comwww.winespiritsasia.com Singapore Expo, Halls 1-9 17 20 April 2012 Wine&SpiritsAsia2012 I Spirits Acin K Asia 2012 Since 1978 ids 77/>7e T<ot As>a 3 T-fiter/naTh ona/ Tdod V/g3pita/ity 'Trade. S/ent APRIL 2012 W»ON SUN 1b 22 rue vjeo thu fp> SA T 20 19 18 17 27 1A 21 28
      1,112 words
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  • SME Inc
    • Article, Illustration
      Lock icon Not taking help for granted
      1252 14  -  Timbre Group aims to boost productivity through the use of grants and assistance available to SMEs, reportsBRYAN EMBRACING PRODUCTIVITY AND INNOVATION BRYAN KOH WHILE some businesses continue to bemoan the lack of grants and assistance available to small- and medi-um-sized enterprises (SMEs), Timbre Group continues
      ARTHUR LEE  -  1,252 words
    • Article, Illustration
      Lock icon Overseas markets drive used car dealer’s business
      834 14  -  By AMANDA EBER USED cars and football may be worlds apart but not to Cher Kwang Siong, managing director of Kheng Keng Auto. A family business established in 1980, Kheng Keng Auto is a leading used-car dealership in Singapore that exports vehicles around
      ARTHUR LEE  -  834 words
    • Article, Illustration
      Lock icon Extending the shelf life of herbal drinks
      1027 15  -  Semi-automation of its labour-intensive functions of filling and capping bottles has improved Min Hiang’s productivity by more than seven-fold, reports JASMINE NG JASMINE NG THERE are few industrial operations that seem as basic as filling drinks and capping bottles, but Min Hiang Food
      YEN MENG JIIN  -  1,027 words
    • Article, Illustration
      Lock icon Headed for IPO after a humble start
      933 15  -  From just one shop in ’99, Newstead now boasts over 45 outlets islandwide, reports EDWIN LOH EDWIN LOH MINDY Tan looks on as customers traipse from shop to shop in search of the best deals, an all-too-familiar scene for the boss of Newstead
      YEN MENG JIIN  -  933 words
    • Article, Illustration
      Lock icon Doing it her way
      1341 16  -  Naseem Mimi Somjee has no regrets when it comes to transforming her furniture business Windows to the Past into a multi-million business, reports ANNA LEE ANNA LEE WHEN she overheard two expatriates say that Singapore had no heritage to speak of, she decided to hold an
      YEN MENGJIIN  -  1,341 words
    • Article
      Lock icon Small firm, international treasure
      896 16  -  COMMENTRY By NITIN PANGARKAR The writer is associate professor at the Department of Strategy and Policy, NUS Business School, where he teaches courses on Corporate Strategy and Global Strategic Management. He is also academic director of the NUS MBA programme. His book, ‘High Performance Companies: Successful
      896 words
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      43 14 Like STPROPERTY.SG AND WIN TICKETS TO CATCH MARVEL’S THE AVENGERS! nR3Tn SCAN NOW WITH YOUR SMART PHONE TO FIND OUT MORE. OR VISIT WWW.STPROPERTY.SG Lift STPROPERTY.sg facebook.com/TheAvengersSingapore TM 2012 Marvel Subs. www.marvel.com j if 5 9' t ONLY IN CINEMAS M&Y 1 MARVEL
      43 words
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      Lock icon Page 14 Advertisements Column 2
      77 14 Have an interesting story on an SME that you would like to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages details like how much the company has grown, and what sort of expansion plans it has, would be
      77 words
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      7 14 COMMENTARY Small firm, international treasure PAGE 16
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  • Page 16 Advertisements
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      63 16 Improve Your i Financial [Quotient I V THE BUSINESS TIME 5 wont u,rt <jo»*nan IP Morgan onS-tAto. f v' A!»>« *'-<1 v vitUW i tfvi 1 U*«i I Save almost 40% when you subscribe to The Business Times Sharelnvestor! Promotion ends 6 May 2012. Act now! To subscribe, please call
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  • MALAYSIA
    • Article, Illustration
      Lock icon Axiata, AirAsia set to benefit from Myanmar opportunities
      559 17  -  The country’s largest foreign investors are Thai, Korean and Chinese firms By PAULINE NG in Kuala Lumpur AXIATA Group and AirAsia are two listed Malaysian companies which are in a good position to capitalise on opportunities beckoning in a liberalising Myanmar, according
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    • Article
      Lock icon Mahathir slams proposed sale of expressway
      549 17  -  Maju Holdings set to gain up to RM1b from deal By S JAYASANKARAN in Kuala Lumpur FORMER prime minister Mahathir Mohamad yesterday criticised the proposed sale of an expressway, contracted out by the government under a concession agreement, as an exercise in making money
      549 words
    • Article
      Lock icon Najib pledges further civil liberties reforms
      357 17 AFP [KUALA LUMPUR] Malaysian Prime Minister Najib Razak yesterday pledged to review the country’s tough sedition law that critics say has been used to silence dissent as part of reforms to claw back votes. He made the announcement at the second reading of a
      AFP  -  357 words
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      605 17 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING (the “EGM”) of Treasury China Trust (“TCT”) will be held at The Ritz-Carlton Millenia Singapore, 7 Raffles Avenue, Singapore *****9 on 27 April 2012 at 11.15 a.m. or immediately after the conclusion adjournment of the Annual
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      1063 17 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the ANNUAL GENERAL MEETING (the “Annual General Meeting”) of the unitholders of Treasury China Trust (“TCT and unitholders of TCT, “Unitholders”) will be held at The Ritz-Carlton Millenia Singapore, 7 Raffles Avenue, Singapore *****9 on Friday, 27 April 2012 at
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India inflation climbs, but rate cut still likely
      489 18 Policymakers’ attention focused on slowing economy, say economists AFP [NEW DELHI] India’s inflation climbed unexpectedly in March, data showed yesterday, throwing the central bank a dilemma ahead of a meeting at which policymakers are expected to cut interest rates. The closely watched
      AFP; REUTERS  -  489 words
    • Article
      Lock icon China cuts duties on personal imports of consumer electronics
      230 18 Reuters [BEIJING] China has lowered duties on personal imports of digital cameras, computers and mobile phones by more than 50 per cent, new tax rules published by China’s customs administration showed. The overall import tax rate for consumer electronics was halved
      Reuters  -  230 words
    • Article
      Lock icon China firm to co-produce Iron Man 3
      258 18 AFP [BEIJING] Iron Man 3 will be co-produced by a Chinese film company and partly filmed in China, the Walt Disney Co announced yesterday, as Hollywood seeks to tap into the Asian nation’s fast-growing movie market. Filming for the third movie in the
      AFP  -  258 words
    • Article
      Lock icon Indian investors shifting money to gold funds
      463 18 They are selling out of bond, stocks as volatility surges Bloomberg [NEW DELHI] Investors in India are dumping bond funds and pumping the most money into gold in five months after price swings in debt securities rose to the highest since 2010. Mutual
      Bloomberg  -  463 words
  • Page 18 Advertisements
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      122 18 Here your Property Catch up on the latest in local, overseas and commercial/ industrial property news, and get practical advice and insights. ’s how to make money grow BTINVEST.COM.SG ONE-STOP PORTAL TO INVESTMENT SUCCESS Markets Get expert market advice and the latest news on stocks, unit trusts, alternative investments and
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  • WORLD
    • Article, Illustration
      Lock icon Banks grow despite Obama’s battle against ‘too big to fail’
      795 19 Big Five are twice their size a decade ago, sparking concerns over risks Bloomberg [WASHINGTON] Two years after President Barack Obama vowed to eliminate the danger of financial institutions becoming “too big to fail,” the nation’s largest banks are bigger
      Bloomberg; REUTERS  -  795 words
    • Article, Illustration
      Lock icon Australia further eases Myanmar sanctions
      372 19 It will also move to normalise trade ties with Myanmar [CANBERRA] Australia will further ease sanctions and move to normalise trade ties with Myanmar following its democratic by-elec-tions, but sanctions will remain on military officials to pressure for further reforms, the government said yesterday. Foreign
      372 words
    • Article
      Lock icon Spanish bonds slide as ECB support sought
      594 20 They lead slump among high-yielding govt securities as sovereign crisis looms Bloomberg [LONDON] Spain’s bonds led a slump among the euro-region’s higher-yield-ing government securities after a minister called on the European Central Bank to buy its debt and stem the fi-nancial-market turmoil. Ten-year
      Bloomberg  -  594 words
    • Article, Illustration
      Lock icon Italy’s Monti loses his shine
      612 20 Reu ters [ROME] When Mario Monti became Italian prime minister last November it seemed he could do no wrong. Borrowing costs fell and praise poured in from commentators, international bodies and political leaders on both sides of the Atlantic. Now the former economics professor faces
      Reuters  -  612 words
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      Lock icon Retail sales rise 0.8% in March
      537 20 LATEST US DATA Reuters AP [WASHINGTON] US retail sales rose solidly last month as Americans shrugged off high petrol prices and bought a range of goods, implying that economic growth in the first quarter was probably not as weak as many had feared. Total
      Reuters; AP  -  537 words
    • Article
      Lock icon Global regulators set stricter new rules for clearing houses
      419 20 New conditions part of package agreed by BIS panel, Iosco Reuters [LONDON] Top clearing houses for stock, bond and derivatives trades must hold enough capital by the end of this year to stay in business if two of their biggest customers
      Reuters  -  419 words
    • Article
      Lock icon Citi misses estimate on accounting cost
      396 20 Bloomberg [NEW YORK] Citigroup Inc, the third-biggest US bank, said that profit fell 2.3 per cent, missing analysts’ estimates on a bigger-than-pro-jected accounting cost. Fixed-income trading revenue almost tripled from the fourth quarter. First-quarter net income dropped to US$2.93 billion, or 95 US cents
      Bloomberg  -  396 words
    • Article
      Lock icon Japan in angst with famed industry in deep decline
      693 21 One major issue is whether Japan can foster innovation to sustain growth NYT [AMAGASAKI, Japan] A few years ago, the densely built-up coastal region around this port was called Panel Bay because of its concentration of factories making the sophisticated flat-panel
      NYT  -  693 words
    • Article
      Lock icon EU seeks bigger global war chest at IMF meet
      506 21 Concerns over Spain debt crisis reignite market turmoil Bloomberg [LONDON] European officials travel to Washington this week seeking a bigger global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil over its finances. Three
      Bloomberg  -  506 words
    • Article
      Lock icon Goldman, MetLife agree to disclose race, gender make up
      671 21 Big pension fund investors demand transparency NYT [NEW YORK] At the behest of New York City’s public pension funds, two of the biggest financial companies with headquarters in the city, Goldman Sachs and MetLife, have agreed to publicly disclose information about
      NYT  -  671 words
    • Article, Illustration
      Lock icon Coached and confident, Kim Jong-un echoes grandfather
      433 21 Reuters [SEOUL] Most North Koreans never heard their late leader, Kim Jong-il, speak. His son, smiling and joking with generals on a podium as he watched a big military parade on Sunday, shattered that mould. In a surprise 20-minute speech, Kim Jong-un, the
      Reuters; REUTERS  -  433 words
    • Article, Illustration
      Lock icon Google impeded data collection probe: FCC
      581 21 Bloomberg Reuters [SAN FRANCISO] Google “impeded” and “delayed” a US inquiry into its data collection, according to the latest in a series of regulatory probes of the company’s privacy practices. The Federal Communications Commission is seeking a US$25,000 fine after examining how Google gathered
      Bloomberg; Reuters; AP  -  581 words
  • Page 19 Advertisements
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      488 19 Lianhe Zaobao SME Seminar 2012 in partnership with Microsoft LW”' The Business of Restructuring Transforming SMEs Discover how small and medium enterprises (SMEs) can grow by restructuring and transforming themselves, amidst a more challenging business and economic landscape. Highlights include strategies and schemes SMEs can tap into, and successful case
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      109 20 Learn about investment through the Updated on a weekly basis Understand the meaning of various financial terminologies (such as “Dividend Payout Ratio” and “Stock Beta”) and how to use them Learn the basics of investing in shares Make sense out of all the financial mumbo-jumbo by visiting blog.shareinvestor.com Scan QR
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      37 20 91.3FM LIVE CHARTS t G<v* Your Heart a Break J?#, A Thousand Yean OrHtnsP+rt Sp* v Summer Pared! Mi m V DOWNLOAD THE NEW 91.BFM AFP NOW! 91.3FM TODAY'S BEST HUSiC Available on the J App Store
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Role of official forecasts in budget deficits
      1054 22  -  Systematically over-optimistic forecasts have helped cause fiscal woes in many nations By JEFFREY FRANKEL The writer is professor of capital formation and growth at Harvard University WHY do many countries find it hard to control their budgets? Concern about budget deficits has become
      AP  -  1,054 words
    • Article
      Lock icon South China Sea disputes need resolution
      469 22 EDITORIAL THE six-day naval standoff in the South China Sea between China and the Philippines last week ratcheted up tension in the region by several notches, although both sides called for a diplomatic solution to the problem of overlapping territorial claims. The latest confrontation
      469 words
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      Lock icon Don’t let Europe suffer death by fiscal austerity
      814 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 ON Saturday, The New York Times reported on an apparently growing phenomenon in Europe: suicides
      814 words
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      Lock icon India, Pakistan need to come closer
      1377 23  -  Their leaders have shown courage by meeting; perhaps now is the time for some bonding of civilian political masters By IFTEKHAR AHMED CHOWDHURY The writer is senior research fellow at the Institute of South Asian Studies, an autonomous institute at the National University of
      AP  -  1,377 words
    • Article
      Lock icon Asian SMEs should plan for euro crisis
      753 23  -  By TIM HINTON The writer is global head, SME Banking, Standard Chartered Bank ASIA’S small and mediumsized enterprises (SMEs) are thriving, benefiting from strong economic growth throughout the region. But in an increasingly interconnected world, they are not immune to problems elsewhere, such
      753 words
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      Lock icon Singapore’s low-wage earners grossly underpaid
      783 23  -  By LIM CHONG YAH The author is ex-chairman of the National Wages Council I AM honoured that my public lecture on Economic Restructuring (ERII, also termed as shock therapy) has attracted the attention of so many concerned Singaporeans. At least two reservations should be explained
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  • AVIATION
    • Article, Illustration
      Lock icon Qatar Air CEO open to aircraft made by China
      634 24 Delays by Airbus, Boeing have stifled growth plans of Middle East carriers Reuters [ABU DHABI] The chief executive of Qatar Airways said delays to new planes from Airbus and Boeing meant he was open to studying future aircraft being developed by
      Reuters; BLOOMBERG FILE PHOTO  -  634 words
    • Article
      Lock icon Fatigue fracture caused Qantas engine blast: report
      366 24 AFP [SYDNEY] A Qantas jet carrying 231 passengers and crew suffered an engine failure at 25,000 feet due to the fatigue fracture of a turbine blade, an inquiry found yesterday. The Australian Transport and Safety Bureau (ATSB) report said the number-4 engine of
      AFP  -  366 words
    • Article
      Lock icon Emirates says it may consider India deals
      197 24 Bloomberg [ABU DHABI] Emirates Airline, the Dubai-owned carrier, said it would consider investing in an Indian operator as the south Asian nation moves toward easing ownership rules. “Anything to do with the aviation, if it’s at the right price, we always look at
      Bloomberg  -  197 words
    • Article
      Lock icon Don’t derail merger: American unions
      443 24 They urge politicians to withhold talk about bankruptcy Bloomberg [DALLAS] American Airlines union leaders called on politicians to withhold comments that the carrier would be better off if it emerged from bankruptcy on its own. The unions’ joint statement late Friday followed comments by Texas
      Bloomberg  -  443 words
    • Article
      Lock icon Garuda inks pact with Auckland Airport
      256 24 Xinhua [JAKARTA] Indonesia’s leading carrier PT Garuda Indonesia airliner signed a deal with Auckland Airport yesterday as part of its business expansion in New Zealand, local media reported here. “New Zealand is a (high) tourism and business potential country and we would like to
      Xinhua  -  256 words
    • Article
      Lock icon Netherlands to buy fewer F-35s: minister
      318 24 Reuters [AMSTERDAM] The Netherlands will buy fewer than the 85 Lockheed Martin Corp F-35 Joint Strike Fighter jets it had planned to acquire because costs have risen and the country needs to replace fewer F-16 fighters, the Dutch defence minister said on Sunday. The
      Reuters  -  318 words
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      28 24 If China's GDP continues todii Lianhe Zaobao ill be under more pressure to depreciate than appreciate GDPgiSSITii iQbr j-iib r-J ta» To subscribe,call 6388-3838 or go to sphsubscription.com.sg
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      343 24 CRYPTIC CROSSWORD Across 8 Sign in west obscured by sun (7) 10 Explorer with outfit imbibing drink in front of hotel (7) 11 Decrease vote for military award (4,5) 12 Shot along in Grand Prix from the back producing damage to car (5) 13 Trouble close to raging fire out
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  • SHIPPING
    • Article, Illustration
      Lock icon Maersk shipping magnate Mc-Kinney Moeller dies
      585 25 Denmark’s richest man built shipping group with annual sales of US$60b OBITUARY Bloomberg [COPENHAGEN] Maersk Mc-Kinney Moeller, the owner of the world’s largest container-shipping company and Denmark’s richest man, has died. He was 98. “On behalf of the whole family I wish to express
      Bloomberg; AP FILE PHOTO  -  585 words
    • Article
      Lock icon Share grain storage data: Aussie panel
      178 25 Reuters [SYDNEY] An Australian Senate committee inquiry said the introduction of auction systems to allocate shipping slots to all Australian ports would not necessarily solve issues that some the country’s grain exporters have raised over port access. The conclusion came as part of the
      Reuters  -  178 words
    • Article
      Lock icon US car sales fuel cargo growth in Great Lakes
      559 25 Economic activity in Michigan at highest level since 2006 Bloomberg [SOUTHFIELD, Michigan] Cranes as tall as 10-storey buildings hoisted steel coil, rods and plate last week from the Detroit port’s first seagoing vessel of the season, cargo that may fuel a
      Bloomberg  -  559 words
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      Lock icon TRANSPORT STOCKS
      255 25 SGX '000 Apr 16 S$ +/-Vol CH Offshore 0.39 unch 94 Chuan Hup Hldg 0.23 unch 175 Cosco Corp 1.10 -0.01 3987 s$ Ezra Hldgs 1.12 -0.02 4576 First Ship Lea 0.22 unch 377 Freight Links 0.06 unch 1099 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      255 words
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      846 25 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.l No.1 Recruitment site in Singapore FULL-DAY SEMINAR FULL-DAY WORKSHOPS Be a Sales Marketing Champion! Thursday,
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      1310 26 The Business Times Shipping times 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN
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      Lock icon Page 26 Advertisements Column 2
      784 26 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN ANIARA FF216 06/04 11/04 14/04 16/04 21/04 28/04 TIRRANNA FF217 13/04 17/04 20/04 22/04 27/04 03/05 TALISMAN FF218 20/04 24/04 26/04 02/05
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3100 27 Transaction date: Apr 16 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 118 +1.5 229 118 116 117 118 1.7 11.9
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    • Article
      Lock icon SGX CATALIST
      239 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 9 3 t Advanced System 7.9cri unch 1971 8.9 7.2 7.9 8.2 8.7 Last Quote Div Gr Yld Net M Cap High
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7592 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 0 9536/ European Opportunities 1.0015/
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      Lock icon GLOBALQUOTE
      191 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US39 +0.5 6809 39 38 38.5 39 2568 205 168 TanChongInt HK188cd -3 120 188 188 188 195 4.3 3.7 6.3 3786.1
      191 words
    • Article
      Lock icon SGX ETF
      907 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 110 ABF SG Bond ETF 120 +2.1 5 120 120 117.7 118.3 547.8 103 100 CIMB APAC Div 100US$ US101 100.8 101.8 10.6 1261 856
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      610 29 Apr 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9522.70 9532.91 9464.49 Jun12 9640.00 9650.00 9455.00 9460.00 *****9 *****4 Sep12 9600.00 9600.00 9535.00 9455.00 923 4062 MSCI TAIWAN INDEX FUTURES SPOT 277.74 277.74 276.24 Apr12 278.00 279.40 275.20 276.20 ***** *****7 May12 275.70 276.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Apr 13 Index Change Change Change Change Change Change World Preliminary 891.1 -0.8 7.4 -1.4 3.5 -1.0 7.5 EAFE Preliminary 718.0 -0.8 5.3 -1.6 1.3 -1.2 5.3 Europe Preliminary 1051.2 -1.6 2.4
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      97 29 As on 13 April 2012 MW*r»co V4 r»m»«c) etwiiuo HfUl UM Oil* m *.UtO KtinTJit r/rriAi 5ra£iut riiumit ihrrid w u •I0« (Til ivi tlljUrVCY aic monir 1 Mil 1 «/lt ■UUU'IJ 1 4l«t 111*) ..*UI vVi «>UUJ1UI vr*mj) I i»ni IflfH rfflur umnttlf MAfMI I tU«
      97 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Apr 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1436.75 1441.00 1447.75 1431.25 Jul 12 1440.75 1444.50 1451.50 1435.25 Aug 12 1424.75 1432.00 1438.00 1420.00 Sep 12 1391.75 1399.25 1406.50 1388.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 56.52
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 29 CRUDE OIL PRODUCTS Apr 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 121.13 0.31 WTI (Near Mth) 102.93 -0.74 Dubai (1-Mth F) 117.80 1.23 Tapis blend 127.81 0.60 Minas 127.81 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 116.50 1.00 Jet Kerosene 133.35 0.56 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Apr 16 S$ Bid Offer 1-month 1.2531 1.2534 2-months 1.2530 1.2534 3-months 1.2528 1.2531 6-months 1.2516 1.2520 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 29 Apr 13 Apr Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2030.50 2065.25 3 months 2070.00 2104.00 Copper, Grade A(US$/tonne) Cash 8045.75 8265.75 3 months 7990.00 8220.00 Lead(US$/tonne) Cash 2059.25 2097.50 3 months 2065.00 2099.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon LIFFE
      80 29 Apr 13 COCOA (£/tonne) Close Prev High/Low May 12 1452 1412 1460/1413 Jul 12 1458 1418 1467/1419 Sep 12 1466 1428 1475/1429 Dec 12 1475 1436 1483/1440 COFFEE(US$/tonne) Close Prev High/Low May 12 1998 1996 2013/1985 Jul 12 2012 2005 2020/1995 Sep 12 2020 2014 2024/2007 Nov 12 2011
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1236 29 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 25 Baker Technology Ltd W*****6 1.8 1 32 9 17.22 7 Best World Intl Ltd W*****5 0.6 1 30 70 30.00 15 Biosensors
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 Apr 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.530 0.794 8.024 53.419 94.935 0.833 11.772 3.175 1.260 93.782 44.251 1.296 8.254 0.955 30.526 31.924 0.653 1.034 Canada 0.967 6.312
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    • Article
      Lock icon SIBOR
      55 29 Apr 16 (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$) 0.***** 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
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    • Article
      Lock icon PRECIOUS METALS
      136 29 Apr 16 GOLD(US$/oz) Apr 16 Apr 13 Hong Kong 1655.20 1680.00 Apr 13 Apr 13 Apr 11 London 1668.50 1657.31 1669.35 1658.08 Source: Thomson Reuters CAST BAR Apr 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 67 5gm 455 333 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 29 Apr 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 19-Jul-12 0.29 0.2 0.19 1-Year BY*****W 01-Nov-12 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.21 5-Year N*****0Z 2.375 01-Apr-17 108.88 1-Year 10-Year
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    • Article
      Lock icon PALM OIL
      60 29 Apr 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3481.0 3517.0 3515.0 3479.0 771 ***** Jun 12 3470.0 3510.0 3513.0 3470.0 8080 ***** Jul 12 3458.0 3497.0 3498.0 3458.0 ***** ***** Aug 12 3441.0 3477.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 29 Apr 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2956 1.2965 1.0339 1.0344 Canadian dollar 1.2523 1.2533 0.9994 0.9999 Euro 1.6313 1.6322 1.3018 1.3022 NZ dollar 1.0280 1.0289 0.8204 0.8209 Sterling pound 1.9847 1.9854 1.5838 1.5840
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 29 As at 9am Apr 16 Apr Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.26 Can dollar 1.283 1.222 Euro 1.67 1.591 Sterling pound 2.021 1.944 NZ dollar 1.055 1.005 US dollar 1.272 1.224 Local dollars to 100 units of
      122 words
    • Article
      Lock icon INTERBANK RATES
      154 29 Apr 16 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
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  • PROPERTY
    • Article, Illustration
      Lock icon Arab Spring helps Dubai hospitality industry recover
      1157 30 Surge of new arrivals from Far East also adding to rising hotel occupancy NYT [DUBAI] Not long ago, pundits and analysts were writing off the Dubai hospitality industry, along with much else in the debt-stricken emirate. But it has recovered fast. The Arab
      NYT; BLOOMBERG  -  1,157 words
    • Article
      Lock icon Qatar said to buy hotels in Sardinia
      271 30 Reuters [DOHA] Qatar Holding, the investment arm of the gas-rich Gulf nation’s sovereign wealth fund, is set to unveil a deal in the property and leisure sector in the Italian island of Sardinia including a clutch of luxury hotels, a source close to
      Reuters  -  271 words
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      Lock icon Accor Dubai Hotels’ Q1 revenue climbs 25%
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