The Business Times, 25 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$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, April 25, 2012
    25 words
  • Article, Illustration
    Lock icon Spectre of shrinking workforce staring S’pore in the face
    1005 1  -  By MALMINDERJIT SINGH [SINGAPORE] Singapore’s population will reach a significant turning point this year: the first cohort of ba-by-boomers those born between 1947 and 1965 will turn 65 and start retiring. This will pile considerable pressure on the working population and
    1,005 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,974.37 (+12.02) GST INDEX FUTURES 2,962 (+13) GSIMSCI 341.83 (+1.41) GSIMSCI FUTURES 340.00 (+1.80) us$ s$ US$ (S$ per US$) 1.247 (US$/S$ per 1.615 2.014 EURO (US$/S$/E) 1.318 1.643 Foreign currency per US$ S$ YEN 81.30 65.20 RM 3.063 2.456 HK$ 7.761 6.222 BAHT 30.97 24.83 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 538 MALAYSIA 6.55 HONG KONG 500 INDONESIA 14.508 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
      19 words
  • Article, Illustration
    Lock icon Union power may kill AirAsia-MAS tie-up
    583 1  -  Govt does a rethink as unions accuse Tony Fernandes of milking the deal By S JAYASANKARAN in Kuala Lumpur A CONTROVERSIAL tie-up through a share swap agreement between Malaysia Airlines (MAS) and AirAsia is believed to have been cancelled by the government following protests
    FILE PHOTO  -  583 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Union power may kill AirAsia-MAS tie-up
        57 2 A CONTROVERSIAL tie-up through a share swap agreement between Malaysia Airlines and AirAsia is believed to have been cancelled by the government following protests from the national airline’s powerful unions. They have accused AirAsia’s maverick owner Tony Fernandes of taking advantage of the loss-making
        57 words
      • Article
        Lock icon Spectre of shrinking workforce staring S’pore in the face
        59 2 SINGAPORE’S population will reach a significant turning point this year: the first cohort of baby-boomers those born between 1947 and 1965 will turn 65 and start retiring. This will have stark implications for businesses as the country stares at a scenario
        59 words
      • Article
        Lock icon SMRT plans $900m in rail maintenance, upgrade
        50 2 APRIL hasn’t been a good month for SMRT with five breakdowns and an ongoing inquiry into earlier disruptions in December, so the rail operator plans to spend an estimated $900 million in additional maintenance and upgrading to make the ride a lot smoother.
        50 words
      • Article
        Lock icon Have governance standards in Singapore hit a plateau?
        81 2 THE number of companies with at least two financially trained audit committee members as is recommended by Singapore’s Code of Corporate Governance is still under half of firms polled in a new study, as was the case in 2009, when findings of
        81 words
      • Article
        Lock icon Lower expectations of inflation in March household survey
        55 2 SINGAPORE households had lower inflation expectations in March compared with December last year, according to findings from a survey backed by MasterCard and the Singapore Management University. The results bring slight relief for those worried about rising inflation here but it may
        55 words
      • Article
        Lock icon Mapletree Industrial Trust Q4 DPU up 15%
        64 2 MAPLETREE Industrial Trust closes its financial year on a sweet note following a 26.4 per cent year-on-year jump in distributable income to $35.8 million during the fourth quarter ended March 1, 2012. This led to the industrial Reit offering a distribution per unit
        64 words
      • Article
        Lock icon Electricity demand rises in Q1, prices go up faster
        57 2 BUSINESSES here are using more electricity, but they are paying an even higher price. Average electricity demand for the first three months of 2012 rose 1.5 per cent over the previous quarter to 4,880 MW. Wholesale electricity prices, however, rose 16
        57 words
      • Article
        Lock icon Spain borrowing rate soars in auction
        58 2 SPAIN’S borrowing rate nearly doubled in a short-term debt auction yesterday as investors fretted over the eurozone’s determination to deal with its debts. The treasury raised 1.933 billion euros but the timing could hardly have been worse, with financial markets slumping on concern that
        58 words
      • Article
        Lock icon US plugs security gaps in cheque processing
        39 2 US BANK regulators increasingly are cracking down on an obscure corner of the multibillion-dollar payments processing sector because security gaps are leaving banks exposed to money laundering from drug cartels and terrorists.
        39 words
    • Article, Illustration
      Lock icon SMRT plans $900m in rail maintenance, upgrade
      655 2  -  Bulk is for renewal, replacement; sum is on top of $30m annual maintenance By SAMUEL EE [SINGAPORE] April hasn’t been a good month for SMRT with five breakdowns and an ongoing inquiry into earlier disruptions in December, so the rail operator plans to
      FILE PHOTO  -  655 words
    • Article
      Lock icon Consumer confidence little changed in April
      567 2 LATEST US DATA Bloomberg Reuters [NEW YORK] Confidence among US consumers was little changed in April as expectations over the outlook tempered increased optimism about the present. The Conference Board’s confidence index was at 69.2, compared with a revised 69.5 in the prior month,
      Bloomberg; Reuters  -  567 words
    • Article
      Lock icon Taxi on fire closes CTE tunnel
      458 2  -  By SAMUEL EE [SINGAPORE] A burning ComfortDelGro taxi yesterday caused the closure of the Central Expressway’s (CTE) Kampong Java Tunnel towards the city and a traffic jam that stretched at least 5km, most likely because of the lack of radio announcements. The Hyundai Sonata
      458 words
    • Article, Illustration
      Lock icon Lower expectations of inflation in March household survey
      506 4  -  By EMILYN YAP [SINGAPORE] Singapore households had lower inflation expectations in March compared with December last year, according to findings from a survey backed by MasterCard and the Singapore Management University (SMU). The results bring slight relief for those worried about rising
      Source: SMU  -  506 words
    • Article
      Lock icon Have governance standards in Singapore hit a plateau?
      683 4  -  A new study of 724 listed firms by ICPAS shows the level of compliance has barely changed from 2009 By JAMIE LEE [SINGAPORE] The number of companies with at least two financially trained audit committee members as is recommended by Singapore’s Code
      683 words
    • Article
      Lock icon M’sia unveils Talent Roadmap 2020
      558 4  -  By PAULINE NG By in Kuala Lumpur MALAYSIA has unveiled a talent roadmap which includes focusing on optimising local talent and attracting global talent to help drive its ambitions to become a high-income nation by the next decade. “The success of our economic transformation relies
      558 words
    • Article, Illustration
      Lock icon Asia’s growing presence in world maritime body
      819 4  -  By LYNN KAN [SINGAPORE] A kind of glass ceiling was shattered last June when the International Maritime Organisation elected Koji Sekimizu of Japan as its secre-tary-general, making him the first Asian to lead the maritime world’s main policy making body since 1990. So
      ARTHUR LEE  -  819 words
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      72 2 TOP STORIES, PAGE 4 FRONT PAGE COMPANY NEWS, PAGE 9 FRONT PAGE SINGAPORE NEWS, PAGE 11 TOP STORIES, PAGE 2 WORLD, PAGE 15 TOP STORIES, PAGE 4 WORLD, PAGE 16 to Mr Ow Ohio Kiat Chairman of Stamford Land Corporation Ltd i O'M bestowed the prestigious title of Honorary Officer
      72 words
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      202 words
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      145 5 La J --*u 7 W- gp Wm. Z3&-. /T ■j•~X- Ml -> ~'r~ ryy OF ONE BANK. TWO CENTURIES. AND MILLIONS OF THANKS. V* CD a) CD SH CO i/) 'sT •^CTn m ro (XI H x u cr < o c -a CD CD E u d CD C-
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  • COMPANY NEWS
    • Article
      Lock icon Rights issues and SGX: strike the right balance
      696 6  -  HOCK LOCK SIEW By R SIVANITHY TWO letters have been published in BT over the past week dealing with rights issues and the role of the Singapore Exchange (SGX) when approving such exercises. he first on April 18 raised concerns relating to
      696 words
    • Article
      Lock icon China Paper defends its rights issue
      288 6  -  By R SIVANITHY CHINA Paper has defended its proposed one-for-one rights issue in a Singapore Exchange filing last Friday. Writing in response to a letter published in BT on April 18, China Paper said the funds are essential for the construction, installation and operation
      288 words
    • Article, Illustration
      Lock icon FCOT to sell Keypoint
      494 6  -  By MINDY TAN FRASERS Commercial Trust (FCOT) plans to sell Keypoint to Fragrance Group and Aspial for $360 million. The development will be acquired by Bayfront Ventures, a special-purpose company in which Fragrance Group and Aspial’s property development subsidiary, World Class Land (WCL), have an equal
      494 words
    • Article
      Lock icon MITQ4DPU up 15%; revenue jumps 24.3%
      454 9  -  Reit manager expects MIT to continue doing well in the financial year ahead By MICHELLE TAN MAPLETREE Industrial Trust (MIT) closes its financial year on a sweet note following a 26.4 per cent year-on-year jump in distributable income to $35.8 million during the fourth
      454 words
    • Article
      Lock icon Suntec Reit posts Q1 DPU of 2.453¢
      457 9  -  By MINDY TAN SUNTEC real estate investment trust (Reit) yesterday posted a distribution per unit (DPU) of 2.453 cents for the first quarter of 2012, a 2.7 per cent year-on-year increase. Based on the unit price of $1.27 on 23 April, this translates
      457 words
    • Article, Illustration
      Lock icon Former MTR chief is HK bourse head
      312 9 Bloomberg [HONG KONG] Chow Chung-Kong, former chief executive officer of subway operator MTR Corp, was named chairman of Hong Kong Exchanges Clearing Ltd and declared he would capture opportunities for Asia’s biggest bourse. The 61-year-old, who oversaw the MTR’s merger with another train
      Bloomberg  -  312 words
    • Article
      Lock icon STATS ChipPAC posts Q1 profit of US$2.8m
      356 9  -  By LIM WEI SHENG SEMICONDUCTOR company STATS ChipPAC swung back into the black, posting a net income of US$2.8 million for the first quarter of 2012, up from a US$46 million net loss in the prior quarter as a result of flood related
      356 words
    • Article, Illustration
      Lock icon Lawyer points to lack of action by ex-China Sky ID
      664 9  -  By LYNETTE KHOO FORMER China Sky director Yeap Wai Kong “did nothing” to prod the company into complying with a directive from the Singapore Exchange (SGX), the High Court heard yesterday. “Instead, he did something completely different and consistent with
      664 words
    • Article
      Lock icon Pasir Ris DBSS project set for launch
      241 9  -  By MICHELLE TAN PASIR Ris will soon see the launch of a new set of DBSS (design, build and sell scheme) flats come Friday. To be developed by SingXpress KayLim Pte Ltd (an 80 per cent owned entity of Catalist-listed SingXpress Land Ltd),
      241 words
    • Article
      Lock icon MF Global to call for creditors’ meeting in May
      355 10  -  Creditors invited to submit proofs of debt: provisional liquidators KPMG By KENNETH LIM THE liquidators of MF Global Singapore will call for a meeting with creditors of the failed brokerage in May. Provisional liquidators KPMG said yesterday that it had invited
      355 words
    • Article, Illustration
      Lock icon Sembcorp draws more energy from waste
      519 10  -  By RONNIE LIM SEMBCORP with the full backing of its own solid waste management arm is ploughing some $200 million over the next couple of years in renewable energy projects on Jurong Island. Its target is to supply by 2014 one-third of the steam
      519 words
    • COMPANY BRIEFS
      • Article
        Lock icon DBS, CIMB, MStanley join F1 IPO: report
        101 10 Reuters MORGAN Stanley, Spain’s Banco Santander, Singapore’s DBS Group and Malaysia’s CIMB have been added as bookrunners for Formula One’s upcoming Singapore initial public offering, IFR reported yesterday, citing sources. They join UBS and Goldman Sachs which were hired earlier this month to
        Reuters  -  101 words
      • Article
        Lock icon Ryobi Kiso clinches Vietnam deal
        87 10 CONSTRUCTION contractor Ryobi Kiso Holdings said its subsidiary Raffles Piling Vietnam Co and its partner Phu Cuong Co have secured a VND170.2 billion (S$10.2 million) contract for basement work on the SSG Tower project in Ho Chih Minh City, Vietnam. Work is expected to start
        87 words
      • Article
        Lock icon First Ship Lease widens Q1 loss
        78 10 VESSEL chartering company First Ship Lease Trust said net loss widened to US$4.17 million in the fiscal first quarter ended March from a US$2 million loss a year ago. The loss came partly because customer PT Berlian Laju Tanker Tbk defaulted on payments for
        78 words
      • Article
        Lock icon Liang Huat warns of Q1 loss
        128 10 LIANG Huat Aluminium, an aluminium products maker, said it expects to report a first-quarter loss for the period ended March. The drop in performance was a result of a “substantial” decline in revenue and cost overruns on certain projects in the aluminium division, as
        128 words
      • Article
        Lock icon Missing invoices delay reporting: Asia Fashion
        103 10 SYNTHETIC fabric maker Asia Fashion Holdings said it needs time to finalise the audit for its fiscal 2011 accounts because suppliers’ invoices for 7.1 million yuan (S$1.4 million) worth of sampling expenses were not issued when they occurred and needed to be raised retroactively
        103 words
      • Article
        Lock icon 6% yield for Hotel Prop’s perpetual bond
        54 10 Bloomberg HOTEL Properties Ltd is marketing its Singapore dollar-denominated perpetual bond at a low 6 per cent yield, according to a person familiar with the matter. The coupon will increase at the fifth year, the person said, asking not to be identified because
        Bloomberg  -  54 words
      • Article
        Lock icon IEV wins two-year, US$5m contract
        65 10 OFFSHORE oil and gas contractor IEV Holdings said subsidiary PT IEV Gas has won a two-year contract from PT Unilever Indonesia to supply at least 350,000 million metric British thermal units to compressed natural gas. Based on the minimum contract price, revenue from the contract
        65 words
      • Article
        Lock icon SMX: 15t of pepper delivered on expiry
        87 10 THE Singapore Mercantile Exchange said yesterday that 15 tonnes of Vietnamese black pepper had been delivered against the expiry of the April 2012 contract the first physical delivery since the futures market began trading in February. SMX, owned by India’s Financial Technologies, launched
        87 words
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      143 6 X—> I 9 9 0 i 4 Fabien Bonabaud Senior Banking Auditor Z/ j-j XinleiGoh Business Consulta 23 Nicky Note Strategic Planner Wiris Worldwide Ernst Young Singapore Pierre Teo Investment Analyst The Henley Group 17 Austen Chan Architectural Assistant DP Architects Organiser mypaper mm Main Sponsor Venue Sponsor njto THE
      143 words
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      138 7 1812 .OUKbPENS IN NEJ9LYORK. OF YORK >: ONE BANK. TWO CENTURIES. AND FOR YOU IN SINGAPORE, MANY FIRSTS. P 1983 WL ifclTI LAUNCHES THE 1 st 24-HOUR PHONEBANKING SERVICE. 006 V E 1 st MASS III U U 012 CITI REVOLUTIONISES ELECTRONIC FX TRADING. CITI OPEN IN SIN Cltl 977
      138 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering raises ST Index
      516 8  -  Market’s average unit volume sinks to 18 cents as penny stock fever rages STOCKS R SIVANITHY Senior Correspondent AS EXPECTED, shortcovering lifted the Straits Times Index (STI) by 12.02 points to 2,974.37 yesterday, this after it had dropped 32 points on Monday in thin volume. There
      Source: Bloomberg  -  516 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Apr 24 VALUE CLOSE BT OB/OS -3.00 +50.0 BT CADI -*****.00 +168.0 BT 10-day MA -*****.00 FTSE ST Mid Cap 686.32 +2.33 FTSE ST Small Cap 463.36 +2.87 FTSE ST All Share 720.00 +2.91 FTSE ST China Top 218.48 -0.20 FTSE ST China 252.94 +1.21 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME JEL Corp 543,260,000 Xpress 299,637,000 EuNetworks 294,111,000 LifeBrandz 276,042,000 TT Intl 235,929,000 IPCO Intl 232,280,000 Equation 204,978,000 MDR 201,429,000 S i2i 150,882,000 AdvanceSCT 125,911,000 VALUE($) SingTel 52,621,218 JEL Corp 49,123,615 Keppel Corp 47,236,300 DBS Grp 45,218,430 TT Intl 42,259,394 Noble Grp 38,541,830 SembMar 38,465,490 CapitaLand 37,411,400
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 4 0 0 0 10 2 4 Manufacturing 75 36 28 15 3 5 90 39 33 Commerce 27 18 19 10 1 0 37 19 19 Tpt/Stor/Comms 20 9 9
      186 words
    • Article, Illustration
      Lock icon QUICKCHART by Maybank Kim Eng Research
      477 8 Rowsley (S$0.142) Aggressive push The stock has finally staged a breakout following a period of consolidation in August-December 2011. Share price is forming an ascending channel, having reclaimed the 50-day and 200-day EMA before pushing even higher. +DI is well above the -DI with
      477 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,732 15,732 70,395 70,395 Manufacturing 707,779 556,084 1,263,863 155,676 13,708 169,384 Commerce 1,355,338 199,034 1,554,372 188,532 8,524 197,056 Tpt/Stor/Comms 216,609 12,709 229,318 109,778 4,045 113,824 Finance 26,265 10 26,275 93,705 1 93,706 Construction 473,639 93,968
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.570 +0.030 CapitaLand 2.950 +0.040 CapitaMall 1.860 -0.005 CityDev 10.410 +0.020 ComfortDelGro 1.510 -0.010 DBS Grp 13.630 F&N 6.800 GLP 2.020 Genting SP 1.700 +0.010 Golden Agri 0.745 -0.005 HK Land 6.300 +0.100 JMH 50.000 +0.040 JSH
      109 words
    • Article, Illustration
      Lock icon Euro inches up after Dutch debt auction
      483 8 CURRENCIES Reuters [NEW YORK] The euro edged higher against the US dollar yesterday, as a debt sale in the Netherlands produced solid results a day after the Dutch government’s collapse in a crisis over budget cuts. Political uncertainty over the growing prospect of
      Reuters; BLOOMBERG  -  483 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 107.8 0.5 GLD 10US$ ***** 36.2 0.2 Hyflux 6% CPS 10 ***** 20.0 0.2 HK Land 630 12.5 1.6 DBXT S&P Short 10US$ 3790 11.2 0.2 UOB 1831 10.0 0.5 DBXT FTChina25 10US$ 2755 8.7 0.3 SIA 1058 8.0 0.8
      107 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN Lyxor India Nifty 10 1249 -56.0 -4.3 Lyxor MS India 10US$ 1268 -48.6 -3.0 UOB.ES.1204 1824 -37.0 -2.0 KepLand.ES.1204 314 -32.0 -9.2 DBXT MSINDIA 10US$ 802 -31.2 -3.0 Lyxor China H 10US$ 1373 -28.7 -1.6 JSH 3224 -27.4 -0.7 ST Engg.ES.1204 306 -24.0 -7.3 Keppel
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      Lock icon Page 9 Advertisements Column 1
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      171 words
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      135 9 9-Nights Exotic Asia Fly Cruise 728* $331* Singapore Departure: June 11 r (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 International
      135 words
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      722 10 CUTTING-EDGE STRATEGIES FOR WORKPLACE SUCCESS Who should attend: Sales Managers, Account Managers/ Executives, Social Media Specialists, PMEBs, Directors, Team Leaders and other General Management Professionals Register at www.stjobs.sg/seminars STJOBS FULL-DAY WORKSHOPS 11 May, 2012 (Fri) 25 May, 2012 (Fri) Workshop A 21st Century Sales Leadership Skills SPH News Centre (9.00
      722 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Hot contest seen for Tai Seng industrial site
      345 11  -  By JASMINE NG DEVELOPERS are expected to square off over an industrial site at Tai Seng Link, which was put up for sale yesterday under the confirmed list of the first half 2012 industrial government land sales programme. Property observers expect that
      Source: JTC  -  345 words
    • Article
      Lock icon Residential rents seen buoyant in Q2
      319 11  -  By TIMOTHY LOH THE volume of residential leases is expected to be buoyant in this current quarter (Q2), even as hiring slows and businesses are looking to restructure their expatriate manpower needs, according to Savills. With home prices on the rise and the recently
      319 words
    • Article, Illustration
      Lock icon S’pore to license more foreign law firms
      625 11 Bloomberg SINGAPORE, where the number of foreign lawyers has doubled in the last four years after it opened its legal market to foreign firms, will award a second round of licences by next year, Law Minister K Shanmugam said. Firms can apply in
      Bloomberg; BLOOMBERG  -  625 words
    • Article
      Lock icon Electricity demand rises in Q1, prices go up faster
      409 11  -  Demand up 1.5% to 4,880 MW; wholesale prices up 16% to $227/MWh By CAI HAOXIANG BUSINESSES here are using more electricity, but they are paying an even higher price. Average electricity demand for the first three months of 2012 rose 1.5
      409 words
    • Article
      Lock icon Still no gas supply for PowerSeraya, 7 other firms
      353 11  -  By RONNIE LIM GAS supply has still not been restored to YTLowned genco, PowerSeraya, and seven other petrochemical companies whose supplies of Indonesian gas were disrupted by a leak caused apparently by a third-party contractor from an onshore gas pipeline on
      353 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTUC Unity Healthcare gets new deputy CEO
        68 11 NTUC Unity Healthcare has appointed Steven Lye as its deputy chief executive with immediate effect. Mr Lye is a veteran in the healthcare and retailing industry, with about 25 years of experience. He joins Singapore’s largest healthcare cooperative from Guardian Pharmacy, where he
        68 words
      • Article
        Lock icon Bank of S’pore training programme accredited
        125 11 BANK of Singapore said its proprietary training programme has received Financial Industry Competency Standards (FICS) accreditation from the Institute of Banking and Finance (IBF). Called the “Programme for Wealth Management Professionals”, the course was introduced in February. The bank was also appointed a FICS
        125 words
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  • ECONOMY WATCH
    • Article
      Lock icon ECB unlikely to buy more bonds soon
      931 12 Bond-buying programme seen as double-edged sword: analyst ANALYSIS Reuters [BRUSSELS] Despite growing clamour in the markets, the European Central Bank is unlikely to buy more sovereign bonds any time soon and even if it did, the impact of reviving its purchase programme may
      Reuters  -  931 words
    • Article, Illustration
      Lock icon Unpalatable truths from Bundesbank head
      843 12 Bloomberg [FRANKFURT] Jens Weidmann is no longer his master’s voice. Almost a year into his job as head of Germany’s Bundesbank, Mr Weidmann, 44, has matured from Chancellor Angela Merkel’s discreet righthand man at global economic meetings into one of the few European policymakers warning
      Bloomberg; REUTERS  -  843 words
    • Article
      Lock icon S Korea’s growth may rebound to at least 4% in 2013: minister
      268 12 Reuters [SEOUL] The South Korean government expects the country’s economic growth to rebound to at least 4 per cent in 2013 as global conditions improve, Vice-Fi-nance Minister Kim Dong-yeon said yesterday. “We can’t say uncertainties don’t exist, but
      Reuters  -  268 words
    • Article
      Lock icon Weaker Australian inflation sets scene for rate cut
      383 12 AFP [SYDNEY]Australia said yesterday that inflation rose a weaker-than -expected 0.1 per cent in the March quarter, fuelling speculation that the central bank will cut interest rates next week. The Consumer Price Index had been expected to rise 0.6 per cent for
      AFP  -  383 words
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      59 12 V 1 A f I I I I Wine, Dine w wUI Mother's Day Brunch Win a diamond necklace at Hilton Singapore HEARTS ON FIRE THE WORLD'S MOST PERFECTLY CUT DIAMOND® K A% Cheers BRASSERIE Sunday 13 May Win a Hearts On Fire® Diamond Necklace worth over $2,500 (exclusively retailed
      59 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Khazanah unit to divest theme park investments
      506 13 Asia’s first Legoland Hotel to open in Iskandar Malaysia [KUALA LUMPUR] Themed Attractions Resorts Sdn Bhd (TAR), a unit of Khazanah Nasional Bhd, will divest some or all of its investments in theme parks in the Klang Valley and Johor, a Malaysian newspaper
      LEGOLAND MALAYSIA  -  506 words
    • Article
      Lock icon Maybank not in talks for TMB Bank stake
      371 13 Reuters [BANGKOK] Malaysia’s top lender Malayan Banking Bhd (Maybank) is exploring a business opportunity in Thailand but it is not in active talks about acquiring a stake in TMB Bank Pcl, its chief executive said. “We are not in any active discussion,”
      Reuters  -  371 words
    • Article
      Lock icon Bakries need to raise US$100m as loan collateral
      514 13 US$437m loan is backed by stake in Bumi plc which has shed 29% in value Bloomberg [HONG KONG] PT Bakrie Brothers, the Indonesian family palm oil-to-property empire founded in 1942, needs to raise about US$100 million in cash by the end of
      Bloomberg  -  514 words
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      470 13 A special feature brought to you by QmSm Innovation the key to success Cerebos' new $7 million R&D centre in Biopolis will spearhead the company's drive to set higher standards and stay at the forefront of the health food industry BY DOUGLAS CHEW In a move that shows Cerebos' commitment
      470 words
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      32 13 St a JERRY LUM Snr Marketing Director, MBA, CBS CEA licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy. Sell, or Rent
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Proposal to raise spectrum rates sinks telco stocks
      548 14 Regulator wants ten-fold rise from the controversial 2008 sale prices Reuters [NEW DELHI] The Indian telecoms regulator’s proposal for a near 10-fold increase in basic mobile phone spectrum prices and switching of radio spectrum given to older carriers knocked down shares of
      Reuters; REUTERS  -  548 words
    • Article
      Lock icon Local govt debt under control: China CBRC
      283 14 Banking watchdog says that it has built up firewall Reuters [BEIJING] China has brought the risks of local government financing vehicles and property loans under control and will continue to strictly monitor the systems, the country’s banking watchdog said in its annual report
      Reuters  -  283 words
    • Article
      Lock icon China tightens banks’ underwriting of bonds
      267 14 Reuters [BEIJING] Chinese banks are now required to treat corporate bonds that they underwrite as credit lines and include them in their loan books, the China Business News reported yesterday. The change is the latest move by the China Banking Regulatory Commission (CBRC) to
      Reuters  -  267 words
  • Page 14 Advertisements
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      501 14 FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. (“the Trustee-Manager”) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders of First
      501 words
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      126 14 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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      Lock icon Page 14 Advertisements Column 3
      400 14 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELPA (INTERNATIONAL) PTE LTD (Company Registration No: *****3382K) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 1 Jalan
      400 words
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      464 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF M&L OFFSHORE INVESTMENTS II PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****1642Z Extract of the Minutes of an Extraordinary General Meeting of M&L OFFSHORE INVESTMENTS II PTE LTD signed by the Representative of the
      464 words
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      302 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ALPHA BOAT INTERNATIONAL PTE. LTD. (Company Registration No. *****2072Z) NOTICE OF CREDITOR'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the abovenamed Company held on 18 April 2012, the
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  • WORLD
    • Article, Illustration
      Lock icon Spain borrowing rate soars in auction
      631 15 Investors fret over the eurozone’s determination to deal with its debts AFP Reuters [MADRID] Spain’s borrowing rate nearly doubled in a short-term debt auction yesterday as investors fretted over the eurozone’s determination to deal with its debts. The treasury raised 1.933 billion euros (S$3.2
      AFP; Reuters; REUTERS  -  631 words
    • Article
      Lock icon Shell agrees to buy Cove for £1.12b
      294 15 Analysts expect Mozambique to favour Shell’s offer Reuters [LONDON] Royal Dutch Shell has agreed to buy Cove Energy for £1.12 billion (S$2.3 billion), lifting its offer to access East Africa’s huge gas reserves, but failing to quell hopes of a bid battle for
      Reuters  -  294 words
    • Article
      Lock icon Thailand to pay victims of southern unrest
      312 15 AFP [BANGKOK] Thailand yesterday approved a US$67 million compensation package for victims of an insurgency in the Muslim-majority deep south that has left thousands dead over the last eight years, officials said. The families of people killed in the conflict will each receive
      AFP  -  312 words
    • Article
      Lock icon US plugs security gaps in cheque processing
      725 16 Regulators concerned banks are exposed to money laundering from drug cartels, terrorists Reuters [NEW YORK] US bank regulators increasingly are cracking down on an obscure corner of the multibillion-dollar payments processing sector because security gaps are leaving banks exposed to money laundering from
      Reuters  -  725 words
    • Article, Illustration
      Lock icon Former execs hope new Hutton will regain its former glory
      567 16 Reuters [NEW YORK] Former executives of famed brokerage E F Hutton Co are launching a boutique investment advisory firm that revives the old name, hoping that memories of the firm can attract brokers and customers two decades after Hutton faded
      Reuters  -  567 words
    • Article
      Lock icon SEC sues China firm SinoTech over alleged fraud
      503 16 Firm said to have misled investors on assets, IPO proceeds Reuters [WASHINGTON] US securities regulators charged on Monday China-based SinoTech Energy Ltd and its senior executives with misleading investors, part of an effort to crack down on accounting problems at Chinese companies
      Reuters  -  503 words
    • Article
      Lock icon US sanctions on tech firms aiding Iran, Syria
      440 16 Reuters [WASHINGTON] President Barack Obama imposed US sanctions on Monday on those who help Syria and Iran track dissidents through cell phones and computers, serving notice on technology providers that they could be held responsible for those governments’ human rights abuses. Mr
      Reuters  -  440 words
    • Article
      Lock icon Smaller managed funds attract investors
      614 16 They are better able to exploit niche commodity markets Reuters [LONDON] Smaller managed futures funds able to exploit niche commodity markets and the most volatile conditions are increasingly likely to win assets from investors disappointed with returns from the big trend-followers that dominate the industry.
      Reuters  -  614 words
    • Article, Illustration
      Lock icon Criminal proceeds worldwide total more than US$2t
      219 16 Xinhua [VIENNA] Criminal proceeds worldwide amounted to over US$2 trillion, accounting for nearly 3.6 per cent of the global gross domestic product (GDP), the United Nations Office of Drug and Crime (UNODC) said on Monday. At a press conference on the opening day
      Xinhua  -  219 words
    • Article, Illustration
      Lock icon Tokyo should reopen nuke plants: OECD
      516 17  -  Secretary-general also urges Japan to double sales tax in stages by 2014 By ANTHONY ROWLEY in Tokyo OECD secretary-general Angel Gurria had two main messages for prime minister Yoshihiko Noda’s government in Tokyo yesterday. First is to raise Japan’s national consumption tax as soon
      516 words
    • Article
      Lock icon Lord of the Rings dragon is richest fictional character
      394 17 Reuters [NEW YORK] A smart and savvy dragon, an aged vampire and a Beverly Hillbilly are among the richest fictional characters, according to a new ranking. Smaug, a hyper-intelligent, shorttempered dragon and the star of the upcoming Lord of the Rings
      Reuters  -  394 words
    • Article
      Lock icon Call for self-regulation in bankers’ pay
      292 17 Reuters [FRANKFURT] Two financial executives on Germany’s corporate governance commission have urged blue-chip companies to consider a voluntary cap on executive earnings as momentum builds for a European Union clamp down on eye-popping pay with tougher laws. A letter urging more self regulation comes
      Reuters  -  292 words
    • Article, Illustration
      Lock icon Populist surge imperils eurozone consensus
      1073 17 ANALYSIS Reuters [PARIS] A surge of support for Eurosceptic, anti-immigration populists in the eurozone threatens to upend the mainstream political consensus in favour of austerity and budget discipline. The prospect of ratifying and implementing a German-driven treaty to enforce European Union budget rules more strictly
      Reuters; AFP  -  1,073 words
    • Article
      Lock icon S&P lowers Argentina’s credit rating outlook
      256 17 AFP [BUENOS AIRES] Standard Poor’s on Monday downgraded its credit rating outlook for Argentina from stable to negative, after Buenos Aires seized control of the country’s largest oil company YPF. “In our view, the recent government policies could increase risks to Argentina’s macroeconomic framework,
      AFP  -  256 words
    • Article, Illustration
      Lock icon US retirees to face dwindling funds
      843 18 Pension cheques would start running out in 2033 without reforms, says report Reuters [WASHINGTON] Ageing baby boomers got some jolting news on Monday when the US government said the Social Security retirement programme is on track to go bankrupt three years earlier than expected
      Reuters; BLOOMBERG  -  843 words
    • Article, Illustration
      Lock icon Facebook earnings drop ahead of IPO
      728 18 Company blames slide on seasonal advertising trends Reuters [SAN FRANCISCO] Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network’s sizzling growth may be cooling as it prepares to go public in the biggest ever
      Reuters; AFP  -  728 words
    • Article, Illustration
      Lock icon Google increases lobbying presence in Washington
      415 18 NYT [NEW YORK] With Congress and privacy watchdogs breathing down its neck, Google is stepping up its lobbying presence inside the Beltway spending more than Apple, Facebook, Amazon and Microsoft combined in the first three months of the year. Google spent US$5.03 million on
      NYT; AP  -  415 words
    • Article, Illustration
      Lock icon Google chiefs back asteroid mining bid
      239 18 Bloomberg [NEW YORK] Google Inc CEO Larry Page and chairman Eric Schmidt are among the backers of a venture to mine asteroids for trillions of dollars of precious metals, as Earth’s resources become strained. Planetary Resources Inc, based in Seattle, aims to launch a
      Bloomberg  -  239 words
    • Article
      Lock icon Lower gas prices may fuel Obama’s re-election chances
      618 18 Reuters [WASHINGTON] New signs of lower US gas prices could give a boost to President Barack Obama’s reelection hopes and blunt a potent weapon that Republicans have used to attack him. News on Monday of a month-long delay in the planned closure
      Reuters  -  618 words
  • Page 15 Advertisements
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      95 15 i L i UUHERE MIRRORS ND POLISHED SURFACES REFLECT GOOD TASTE. Our marble halls play host to the world s finest luxury brands and carefully curated favourites. We put the latest up on display; you pull the sublime off in style. Gucci Salvatore Ferragamo Prada Tod's Miu Miu Ermenegildo Zegna
      95 words
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  • Page 17 Advertisements
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      183 17 UTURECHINA D®BAL FORUM 2012 Ya 9-10 July 2012 Shangri-La Hotel, Singapore I 32 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 10 July
      183 words
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  • TransportHUB
    • Article
      Lock icon Rio Tinto transport arm has no plans to be big ship owner
      445 19  -  Unlike Brazil’s Vale, it will remain a major charterer for its bulk shipments SINGAPORE MARITIME WEEK Reports by LYNN KAN RIO Tinto Marine, the transportation arm of the world’s second largest miner Rio Tinto, will not be taking
      445 words
    • Article, Illustration
      Lock icon Signs emerge of shipping market bottoming out
      483 19 DNB Bank positive on both freight rates and asset values BY the time marine trade show and conference Sea Asia 2013 is held at next year’s Singapore Maritime, the shipping industry may have well seen the back of its worst days. Principal sponsor
      483 words
    • Article
      Lock icon TRANSPORT STOCKS
      259 19 SGX '000 Apr 24 S$ +/-Vol CH Offshore 0.44 0.01 1833 Chuan Hup Hldg 0.23 unch 85 Cosco Corp 1.07 0.01 3224 s$ Ezra Hldgs 1.03 unch 7357 First Ship Lea 0.21 0.01 1056 Freight Links 0.07 unch 3995 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      259 words
    • Article
      Lock icon Tommy Suharto firm in US$145m legal spat
      481 19 NYT [JAKARTA] A company controlled by the youngest son of the late Indonesian leader Suharto is fighting legal claims for US$145 million from some of the world’s best-known shipping families. Companies linked to Norwegian billionaires Arne Wilhelmsen and Arne Blystad, as well as
      NYT  -  481 words
    • Article
      Lock icon Tanker rates rising on China imports
      325 19 Bloomberg [LONDON] Record Chinese oil imports are emptying the Atlantic Ocean of very large crude carriers and their 2 million-barrel cargoes, driving a rebound in rates for the smaller vessels left to supply the US from West Africa. Suezmaxes, each holding 1 million barrels,
      Bloomberg  -  325 words
    • Article
      Lock icon As good as the real thing
      696 19  -  STRAIT TALK By DAVID HUGHES A WEEK or so ago, I took a very small training vessel out of a minor harbour on the English coast in the early hours of the morning. It is a place that I know well and have sailed
      696 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon United focused on Boeing for 200-jet order
        585 20 An all-Boeing order also seen benefiting CFM, maker of engines used on 737 Bloomberg [BARCELONA] United Continental Holdings Inc is negotiating only with Boeing Co for an order of about 200 narrow-body jets after dropping discussions with Airbus SAS, two people familiar with
        Bloomberg; BLOOMBERG FILE PHOTO  -  585 words
      • Article
        Lock icon BAA sells Edinburgh Airport for £807m
        391 20 GIP says the airport is a high quality infrastructure asset Reuters [LONDON] Global Infrastructure Partners, owner of London’s City and Gatwick airports, is to buy Fer-rovial-owned BAA’s Edinburgh Airport for £807 million (S$1.6 billion), cementing its position as a leading British airport operator. GIP,
        Reuters  -  391 words
      • Article, Illustration
        Lock icon Virgin eyes BMI slots for Scottish feeder service
        437 20 Bloomberg [LONDON] Virgin Atlantic Airways Ltd aims to establish a short-haul operation linking its London Heathrow base with cities in Scotland to maintain feed to long-distance flights following the purchase of ally BMI by British Airways (BA). Virgin will bid for 14
        Bloomberg; REUTERS  -  437 words
      • Article
        Lock icon AMR signals progress with unions
        531 20 NYT [NEW YORK] American Airlines went to court on Monday to ask a bankruptcy judge to void labour agreements with its three unions, although it signalled that the carrier had made progress in talks with one of those unions, representing its mechanics, that might result
        NYT  -  531 words
      • BRIEFS
        • Article
          Lock icon SIA’s Scoot to fly to Bangkok from July
          94 20 Reuters [SINGAPORE] Scoot, the new medium-to-long-haul budget carrier of Singapore Airlines, yesterday said it will serve the Singapore-Bangkok route from July, putting it head on with its bigger sister Tiger Airways Holdings. Tiger Airways is the short-haul budget unit of Singapore Airlines.
          Reuters  -  94 words
        • Article
          Lock icon Kingfisher Airlines shares hit record low
          127 20 AFP [MUMBAI] Shares of India’s troubled Kingfisher Airlines plunged to a record low yesterday on fears that a government move to allow foreign airlines to pick up stakes in domestic carriers may be delayed. Kingfisher shares tumbled as much as 17.15 per cent to
          AFP  -  127 words
        • Article
          Lock icon Embraer, ICBC sign US$2.5b financing deal
          91 20 Reuters [BRASILIA] Brazilian planemaker Embraer signed a memorandum of understanding on Monday with China’s ICBC Financial Leasing Co Ltd under which ICBC will provide up to US$2.5 billion in financing for planes over five years in one of Embraer’s most promising markets. Embraer expects
          Reuters  -  91 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Parallel imports slow down sharply in Q1
        480 21  -  BMW remains in the lead as influx of non-authorised cars shrinks to 476 units By SAMUEL EE BMW continued to be Singapore’s top parallel import (PI) brand in the first three months of 2012 even as the total number of such nonauthorised cars
        480 words
      • Article, Illustration
        Lock icon Mazda confident of turnaround
        494 21  -  It plans to focus on Asean and the Latin American regions Reports by SAMUEL EE MAZDA may have been bleeding red ink for the past four years but Japan’s fifth largest carmaker says it is now in a strong position to turn around. According to Masahiro
        494 words
      • Article
        Lock icon Mazda banks on CX-5’s technology
        294 21 BEFORE taking on his current position, Mazda executive officer Masahiro Moro was vice-president of Mazda Motor Europe an important market where the Japanese marque enjoyed a “high brand reputation”. Mr Moro says that the Hiroshima-based carmaker was especially popular in Germany where Mazda was viewed
        294 words
      • Article, Illustration
        Lock icon Volkswagen sales blaze blistering trail in China
        1036 21  -  BEIJING AUTO SHOW By VEN SREENIVASAN in Beijing CHINA may be going through a protracted economic slowdown but this hasn’t deterred the world’s second-biggest carmaker from expanding in this country of 1.3 billion people. The Volkswagen group’s eight car brands now command a
        1,036 words
      • Article, Illustration
        Lock icon For global car firms, all roads lead to China
        397 21 WITH Europe in the economic doldrums and the United States in fragile economic circumstances, global carmakers see China as their most important market. And this is obvious from the size of the line-up of exhibitors at the Beijing International Automotive Exhibition
        AP  -  397 words
  • Page 19 Advertisements
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      118 19 ASIA-WEST AFRICA TRADE AGREEMENT (AWATA) Notice for General Rate Increase (GRI) In order to ensure that the Member Lines are able to continue to provide the service necessary to meet the needs of their customers, the Member Lines of the Asia West Africa Trade Agreement (AWATA) have decided to implement
      118 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      366 20 CRYPTIC CROSSWORD Across 7 Delight crossing minimal river, it being this? (7) 8 More dirty and horrible? That is right (7) 10 Determination shown by weak and sickly prisoner brought before ruler (9) 11 Set of principles laid down by Elizabeth I contentiously (5) 12 Journeys made by new-ly-weds heading
      366 words
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  • Page 21 Advertisements
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      23 21 GETYOUR APRIL ISSUE NOW! YOUR FAVOURITE ALL-WOMEN RUN IS BACK! DATEJuly 15, 2012 (Sunday) START/END POINTNicoll Highway Register NOW at w w w.shape.com.sg/shaperun2012
      23 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Malaysian polls key to economic reforms
      479 22 EDITORIAL EVERYTHING seems to hinge on the next general election in Malaysia. Several reform measures have been put off possibly until after the election. For the moment, the government seems unable, or unwilling, to embark on initiatives such as the long-foreshadowed Goods and Service
      479 words
    • Article, Illustration
      Lock icon China should let UN report on its N Korea rocket probe
      776 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 ON April 15, two days after North Korea defied international opinion and fired a three-stage rocket, it held a massive
      776 words
    • Article, Illustration
      Lock icon Developing global leaders with an Asian focus
      983 22  -  Mastering mindfulness will ensure that more Asians successfully claim leadership roles By THOMAS MENKHOFF The writer is an associate professor of Organisational Behaviour and Human Resources (Practice) at the Lee Kong Chian School of Business, Singapore Management University GIVEN the volatility in current
      AP  -  983 words
    • Article, Illustration
      Lock icon Further questions in Apple bribery case
      1249 23  -  JLJ Holdings shareholders need to know their company’s chances of keeping Apple as a customer By MAK YUEN TEEN The writer is associate professor at the NUS Business School where he teaches corporate governance and ethics Tomorrow, jlj Holdings Limited is convening an extraordinary
      REUTERS  -  1,249 words
    • Article, Illustration
      Lock icon You don’t have to compete; you can invent
      867 23  -  By DAVID BROOKS NYT AS A young man, Peter Thiel competed to get into Stanford. Then he competed to get into Stanford Law School. Then he competed to become a clerk for a federal judge. Mr Thiel won all those competitions. But
      NYT; REUTERS  -  867 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2969 24 Transaction date: Apr 24 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 118.5cd -0.5 357 119 118.5 118.5 119 7 11.3
      2,969 words
    • Article
      Lock icon SGX CATALIST
      224 25 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 Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil unch
      224 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7599 25 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 Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Smaller Cos!” 1 6487/ EM Local Ccy
      7,599 words
    • Article
      Lock icon GLOBALQUOTE
      209 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 51 31.5 AVJennings A36.5 +3.5 16 36.5 31.5 35 36.5 3.6 9.6 2.9 95 46 25.5 Genting HK US$ US37.5 +0.5 ***** 37.5 37 37 38 2469.2
      209 words
    • Article
      Lock icon SGX ETF
      869 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 100 CIMB APAC Div 100US$ US101 100.9 102 10.6 1261 856 CIMBAsean40 100US$ US1028 -4 5 1028 1021 1019 1027 161.2 ***** ***** DBXT AUD
      869 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      613 26 Apr 24 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9466.08 9510.70 9423.30 Jun12 9495.00 9515.00 9405.00 9480.00 ***** *****6 Sep12 9425.00 9425.00 9400.00 9475.00 0 7914 MSCI TAIWAN INDEX FUTURES SPOT 268.38 270.71 267.46 Apr12 268.60 270.90 263.90 269.50 ***** *****8 May12 268.20 270.60
      613 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      86 26 A.l/.B.V* c\‘ll MV»V-wr* u*n g ii>-^ ewnuo Will Him aj»* mt uto »«nrji ugiai •SpidiU’ UWifilf 1141 i.1 thr# M (ft ruwwv AiC u»fUT artist? tvi iiui/nii .UUUJ'lrf 14//) 1ll'fl 1 W/1 lit UlAli ii|« lAtf t/etu CilWBtftol “HUH* 1 NDfK WtorWEMwomKori iMSfOMJ |l*W I«S.|» ■O' AGRtCULTIW
      86 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Apr 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1437.25 1446.75 1453.00 1436.00 Jul 12 1441.00 1449.50 1457.25 1439.00 Aug 12 1426.50 1437.50 1443.00 1425.50 Sep 12 1381.75 1395.75 1401.75 1381.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.09
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 26 CRUDE OIL PRODUCTS Apr 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.45 -1.67 WTI (Near Mth) 102.54 -0.98 Dubai (1-Mth F) 114.41 -0.57 Tapis blend 123.49 -0.58 Minas 123.49 -0.58 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.89 -0.94 Jet Kerosene 131.80 -0.50 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Apr 24 S$ Bid Offer 1-month 1.2466 1.2477 2-months 1.2465 1.2475 3-months 1.2462 1.2473 6-months 1.2450 1.2461 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 26 Apr 23 Apr 23 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2017.75 2042.00 3 months 2059.00 2082.00 Copper, Grade A(US$/tonne) Cash 8124.00 8240.00 3 months 8045.00 8192.50 Lead(US$/tonne) Cash 2063.00 2126.00 3 months 2070.00 2125.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Apr 23 Index Change Change Change Change Change Change World Preliminary 883.1 -1.4 6.4 -1.4 2.9 -1.5 6.7 EAFE Preliminary 712.4 -1.7 4.4 -1.9 1.1 -2.0 4.9 Europe Preliminary 1040.7 -2.5 1.4
      373 words
    • Article
      Lock icon LIFFE
      80 26 Apr 23 COCOA (£/tonne) Close Prev High/Low May 12 1444 1476 1490/1440 Jul 12 1459 1491 1505/1454 Sep 12 1457 1490 1502/1453 Dec 12 1454 1487 1496/1450 COFFEE(US$/tonne) Close Prev High/Low May 12 2025 2033 2038/2018 Jul 12 2044 2056 2055/2042 Sep 12 2043 2055 2054/2038 Nov 12 2031
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1308 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 242 11.25 25 Baker Technology Ltd W*****6 3 1 32 11 10.50 7 Best World Intl Ltd W*****5 0.6 1 30 61 31.67 15 Biosensors
      1,308 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Apr 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 6.492 0.781 7.988 54.154 94.650 0.836 11.742 3.153 1.264 93.543 43.954 1.284 8.046 0.939 30.360 31.876 0.637 1.029 Canada 0.981 6.370
      470 words
    • Article
      Lock icon SIBOR
      57 26 Apr 24 (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
      57 words
    • Article
      Lock icon PRECIOUS METALS
      137 26 Apr 24 GOLD(US$/oz) Apr 24 Apr 23 Hong Kong 1646.00 1644.00 Apr 23 Apr 23 Apr 20 London 1631.70 1641.21 1632.45 1641.98 Source: Thomson Reuters CAST BAR Apr 24 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 66 5gm 449 329 10gm
      137 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 26 Apr 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26-Jul-12 0.27 0.2 0.2 1-Year BY*****W 01-Nov-12 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.14 100.2 100.18 5-Year N*****0Z 2.375 01-Apr-17 108.84
      87 words
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      Lock icon PALM OIL
      57 26 Apr 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3485.0 3498.0 3485.0 3458.0 452 6556 Jun 12 3491.0 3493.0 3492.0 3459.0 1784 ***** Jul 12 3480.0 3475.0 3484.0 3448.0 ***** ***** Aug 12 3464.0 3469.0
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      Lock icon INTERBANK CURRENCY RATES
      154 26 Apr 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2830 1.2844 1.0291 1.0294 Canadian dollar 1.2588 1.2603 1.0097 1.0101 Euro 1.6425 1.6445 1.3175 1.3180 NZ dollar 1.0147 1.0160 0.8139 0.8143 Sterling pound 2.0129 2.0149 1.6146 1.6149
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      121 26 As at 9am Apr 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.311 1.249 Can dollar 1.288 1.227 Euro 1.678 1.599 Sterling pound 2.049 1.971 NZ dollar 1.043 0.994 US dollar 1.265 1.217 Local dollars to 100 units of foreign
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      293 29 Reuters [LONDON] Hedge fund managers pocketed 28.1 per cent of profits generated by their funds over the past 18 years, new research from London’s Imperial College found. The research, commissioned by KPMG and hedge fund industry body the Alternative Investment Management Association,
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      1856 30  -  Online trading software firm’s system identifies trending stocks to users, writesTEH TEH HOOI LING THERE is a lot more at stake when it comes to stock investing than just picking the right stock, sa i d F a b i a n Li m co-founder
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