The Business Times, 26 April 2012
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2012-04-26
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The Business Times
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Title Section25 2012-04-26 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spll A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, April 26, 201225 words
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Article, Illustration901 2012-04-26 1 KALPANA RASHIWALA - Startling turnaround in March on the heels of high prices at new home launches By KALPANA RASHIWALA [SINGAPORE] After going into deep freeze since the additional buyer’s stamp duty (ABSD) was introduced on Dec 8, resale transactions of completed private homes snapped backSource: Savills, URA - 901 words
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MARKETS DIGEST
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Article110 2012-04-26 1 GST INDEX 2,979.78 (+5.41) GST INDEX FUTURES 2,974 (+12) GSIMSCI 342.87 (+1.04) GSIMSCI FUTURES 341.60 (+1.60) US$ S$ US$ (S$ per US$) 1.246 (US$/S$ per 1.615 2.012 EURO (US$/S$/E) 1.321 1.646 Foreign currency per US$ S$ YEN 81.30 65.30 RM 3.060 2.456 HK$ 7.759 6.228 BAHT 30.94 24.84 RUPIAH110 words
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19 2012-04-26 1 PRIME RATES SINGAPORE 5.38 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.508 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg19 words
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848 2012-04-26 1 GRACE LEONG - By GRACE LEONG [SINGAPORE] Allegations of industrial land being misused for commercial activities have surfaced in a dispute over sublease rental rates between Delifrance Singapore and its landlord Lim Chee Guan Food Industries. Delifrance is fighting the bak kwa maker848 words
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Advertisement122 2012-04-26 1 BizIT CSC ups cloud ante with new services PAGE 31 COMMENTARY Can IMF, Asia’s own monetary fund co-exist? PAGE 26 SINGAPORE MARITIME WEEK Superyacht sector sees stable growth PAGE 24 COMPANIES Investors bombard DBS board on Danamon bid PAGE 6 PROPERTY Novena Ville up for collective sale PAGE 33 Rest122 words
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Advertisement18 2012-04-26 1 How can consumers beat soaring inflation? Read the pros and cons of each option on BTInvest at www.btinvest.com.sg18 words
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TOP STORIES
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THREE-MINUTE DIGEST
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54 2012-04-26 2 AFTER going into deep freeze since the additional buyer’s stamp duty was introduced on Dec 8, resale transactions of completed private homes snapped back to life in March. The recovery was partly disguised amid the first quarter figures, weighed down by dismal volumes54 words
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67 2012-04-26 2 ALLEGATIONS of industrial land being misused for commercial activities have surfaced in a dispute over sublease rental rates between Delifrance Singapore and its landlord Lim Chee Guan Food Industries. Delifrance is fighting the bak kwa maker in High Court over67 words
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49 2012-04-26 2 EUROPE has rapidly adopted yuan payments, overtaken the Asia-Pacific excluding Hong Kong in the first quarter as the largest offshore yuan player. And while Singapore is still ahead of London in yuan payments, the Republic has since fallen behind in offshore yuan trading.49 words
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65 2012-04-26 2 SMRT’S $900 million asset renewal plan might make for better train trips in the future, but analysts are telling shareholders to gear up for a bumpy ride. Shareholders took pre-emptive action yesterday, sending the counter down 4.1 per cent or 7.5 cents65 words
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49 2012-04-26 2 DBS Group minority shareholders yesterday grilled chief executive Piyush Gupta and the rest of its board on the bank’s bid to buy Indonesia’s Bank Danamon, citing worries about the risk of overpaying, dilution, and a drop in the value of their shareholdings.49 words
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74 2012-04-26 2 CAPITAMALLS Asia said yesterday that it plans to develop its first shopping mall in the south of Beijing, as it released its first-quarter results. The total development cost of the shopping mall, including land cost, is expected to be about $469.274 words
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50 2012-04-26 2 THE UK economy shrank in the first quarter as construction output slumped, pushing Britain into its first double-dip recession since the 1970s. Gross domestic product contracted 0.2 per cent from the fourth quarter of 2011, when it shrank 0.3 per cent.50 words
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71 2012-04-26 2 DEMAND for long-lasting US manufactured goods was the weakest in three years in March and a gauge of business spending plans fell, suggesting the economy lost momentum as the first quarter drew to a close. Durable goods orders dropped 4.2 per cent,71 words
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62 2012-04-26 2 NON-LANDED rental transactions in the rest of central region saw a marked increase in the first quarter of 2012, jumping 25.5 per cent over the previous quarter. According to data from the Singapore Real Estate Exchange, 2,025 rental transactions were62 words
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Article, Illustration793 2012-04-26 2 SIOW LI SEN - Continent leapfrogs most of Asia-Pacific as largest offshore renminbi player By SIOW LI SEN [SINGAPORE] Europe has rapidly adopted yuan payments, overtaking the Asia-Pacific region excluding Hong Kong in the first quarter as the largest offshore yuan player. And while Singapore is stillSource: Swift - 793 words
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445 2012-04-26 4 JOYCE HOOI - Counter slides 4% to $1.735 a day after $900m plan was announced By JOYCE HOOI SMRT’s $900 million asset renewal plan might make for better train trips in the future, but analysts are telling shareholders to gear up for a bumpy ride.445 words
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393 2012-04-26 4 CAI HAOXIANG - FOREIGN LABOUR SQUEEZE Reports by CAI HAOXIANG NEW overseas testing centres (OTCs) could be set up in Sri Lanka and the Philippines to ensure a steady supply of construction workers for Singapore’s needs. More OTCs could also be set up in existing source countries,393 words
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Article, Illustration799 2012-04-26 4 [SINGAPORE] Every morning, Malaysian Cindy Ng, 29, wakes up at 4am and travels from Pontian in Johor to Boon Lay in Singapore’s west. She reports for work as a goods stacker at 6am and works until 4pm, before driving home with colleaguesFILE PHOTO - 799 words
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Article298 2012-04-26 4 HELMI YUSOF - By HELMI YUSOF [SINGAPORE] Beautiful music for a beautiful cause. The ChildAid concert, held in aid of The Business Times Budding Artists Fund and The Straits Times School Pocket Money Fund, returns for the eighth year on Dec 7 and 8 at Marina Bay Sands’298 words
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Article, Illustration679 2012-04-26 4 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] Amobee, the Silicon Valley mobile ad firm that SingTel snapped up for US$321 million, is set to do some buying of its own. Even as it keeps a lookout for acquisition targets in Asia, it is also eyeing firms679 words
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Article397 2012-04-26 4 ROBERT CYRAN - REUTERS BREAKINGVIEWS By ROBERT CYRAN [NEW YORK] It’s too soon to be doubting Apple. Fears over a slowing US smartphone market and chip problems sent investors scurrying in April, when the company’s shares tumbled by over 10 per cent. But the iPad maker smashed397 words
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Advertisement166 2012-04-26 2 COMPANY NEWS, PAGE 6 FRONT PAGE COMPANY NEWS, PAGE 7 FRONT PAGE ECONOMY WATCH, PAGE 16 TOP STORIES, PAGE 2 WORLD, PAGE 23 TOP STORIES, PAGE 4 PROPERTY, PAGE 34 r\ •M-'t C B CAL 1306 Ov U) C? n i 1 a fc 1 8 ft ih-l m li166 words
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Advertisement198 2012-04-26 3 www.vw.com.sg A J V Kl m Q N Passat s n; S X:. Wr h(3 K ir ML M R ngj y 2^ 7 Ml ffi D The Passat. How an executive sedan should be. $21,500 off. This beautifully designed, German-engineered sedan has all the features you’d expect from a198 words
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Advertisement57 2012-04-26 4 5™MYANMAR BUSINESS CONFERENCE 2012 1 5 th TO 19 th MAY 2012, YANGON NAYPYITAW, MYANMAR Registration Closing Soon Option of 3-day Conference Singapore $2500 or 5-day programme including Business Matching Singapore $4580 Tel: 65 6280 9016, Fax: 65 -6280 2125 Online registration: www.mvanmarbusinessconference.com/reaister-now.html Assisted by: Myanmar Ministry of National Planning57 words
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Advertisement7 2012-04-26 4 Apple Q2 earnings, shares soar, Page 227 words
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Advertisement48 2012-04-26 5 A If) Europe's Best Airline A STAR ALLIANCE MEMBER f Dining room. Living room. Bedroom. BUSINESS CLASS Full flat-bed seats, best in-flight entertainment and Flying Chef service. Fly to more than 200 destinations via Istanbul with our A330-300 and B777-300 ER aircraft. turkishairlines.com 6732 4556 TURKISH AIRLINES V48 words
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COMPANY NEWS
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508 2012-04-26 6 LYNN KAN - By LYNN KAN THE offshore support vessel (OSV) segment touted as the bright spot where other traditional shipping markets are suffering may entice tanker and bulk-carrier operators to jump ship. However, OSV operators and owners are wary of such a crossover, and warn508 words
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Article, Illustration567 2012-04-26 6 CONRAD TAN - Shareholders cite angst over possible substantial dilution of their holdings BANK AGMS By CONRAD TAN DBS Group minority shareholders yesterday grilled chief executive Piyush Gupta and the rest of its board on the bank’s bid to buy Indonesia’s Bank Danamon, citing worries about567 words
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357 2012-04-26 6 WAYNE ARNOLD - REUTERS BREAKINGVIEWS By WAYNE ARNOLD [HONG KONG] Even a 52 per cent premium may not be enough to snag Indonesia’s biggest bank takeover. DBS of Singapore has offered US$7.2 billion for Indonesia’s Bank Danamon in a tie-up that would benefit both banks and burnish Indonesia’s357 words
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Article, Illustration623 2012-04-26 6 SIOW LI SEN - By SIOW LI SEN OCBC directors had more meetings last year and so got paid $400,000 more as they huddled over the succession issue, shareholders were told yesterday. The numerous ad hoc meetings, which exceeded the scheduled ones held by the nominatingFILE PHOTO - 623 words
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415 2012-04-26 6 Application may be submitted this week, sources say Bloomberg [SINGAPORE] CVC Capital Partners Ltd added Morgan Stanley and UBS AG to help with the initial public offering (IPO) of Formula One, which could raise as much as US$3 billion in Singapore, saidBloomberg - 415 words
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553 2012-04-26 7 MINDY TAN - Site in south of city to be acquired from Poly Xing Real Estate Development By MINDY TAN CAPITAMALLS Asia (CMA) said yesterday that it plans to develop its first shopping mall in the south of Beijing, as it released its first-quar-ter553 words
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438 2012-04-26 7 MICHELLE TAN - Annualised yield of 7.8% based on trust’s $1.10 price By MICHELLE TAN ASCOTT Residence Trust’s first-quarter distribution per unit remained unchanged from a year ago on the back of a modest 6 per cent increase in revenue. Unitholders’ distribution for the three months438 words
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Article, Illustration407 2012-04-26 7 KENNETH LIM - By KENNETH LIM KEEN competition dragged supermarket chain Sheng Siong Group’s first-quarter core profit lower, although a property sale pushed the bottom line into growth territory. Net profit for the three months ended March jumped 73.7 per cent from the year-ago periodFILE PHOTO - 407 words
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Article, Illustration372 2012-04-26 9 VEN SREENIVASAN - US move opens up huge opportunities for the tech firm in aviation sector By VEN SREENIVASAN IN what could be a breakthrough for new markets, mainboard-listed Stratech Systems has received US Federal Aviation Administration (FAA) approval for its iFerret intelligent Airfield/Runway Surveillance372 words
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COMPANY BRIEFS
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Article86 2012-04-26 9 DIVERSIFIED automotive group Jardine Cycle Carriage reported net profit of US$265.6 million, or 74.67 US cents per share, in the first quarter ended March, up 6 per cent year-on-year. Contributions from Astra International, the company’s Indonesian conglomerate subsidiary, grew 5 per cent to US$25386 words
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Article92 2012-04-26 9 SAMUDERA Shipping Line fell into a US$3.86 million first-quarter net loss. For the corresponding quarter last year, it posted a net profit attributable to shareholders of US$7,000. Revenue rose 7.6 per cent year-on-year to US$110.4 million, but higher bunker prices, the removal of bunker subsidies92 words
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Article98 2012-04-26 9 ELECTRONICS manufacturing services provider PCA Technology’s net profit for the year ended February fell 67.2 per cent to US$1.93 million despite a 12.3 per cent increase in turnover to US$43.73 million. This was due to a change in product mix. Excluding a US$1.6 million loss98 words
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120 2012-04-26 9 DIVERSIFIED group King Wan Corp is selling its 20 per cent stakes in Thai businesses Environment Pulp and Paper Co and Ekarat Pattana Co to Kaset Thai Industry Sugar Co for about $50.2 million. King Wan will receive $2.5 million, or 5120 words
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Article70 2012-04-26 9 MOBILE electronics maker Action Asia’s net income tumbled 91.4 per cent to $13,000 for the first quarter ended March amid low order volumes from a key customer in the consumer lifestyle entertainment products segment. “The business environment is likely to remain challenging in FY2012 in70 words
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Article56 2012-04-26 9 ZIWO Holdings, a producer of raw materials for sports apparel, warned of a significant drop in revenue and net profit for the first quarter ended March because of a slowdown in sales of key products and lower gross profit margins. The company expects to56 words
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55 2012-04-26 9 LOGISTICS and infrastructure group Pan-United Corp said subsidiary PU Vision has sold three pairs of tugboats and barges to LG International for $9.8 million, representing a net gain of $2.2 million to be booked in the second quarter. The group’s fleet now holds55 words
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63 2012-04-26 9 GLOBAL Premium Hotels, the hospitality arm of Fragrance Group, wrapped up its $117 million initial public offering on Tuesday after drawing bids for 5.7 times the amount offered. Underwriter OCBC will fully exercise its option to sell a further 67.5 million shares, the company63 words
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Article36 2012-04-26 9 HOTEL Properties Ltd priced S$150 million of perpetual bonds to yield 6.125 per cent, a person familiar with the matter said, asking not to be identified because the details are private. Bloomberg36 words
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354 2012-04-26 9 LYNETTE KHOO - Head of international business named CEO of S’pore operations By LYNETTE KHOO MAYBANK Kim Eng has appointed Tan Pei-San, its head of international business, as CEO of its Singapore operations. With this new appointment, Ronald Ooi will step down from his executive role354 words
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Advertisement600 2012-04-26 6 Singapore Maritime Week, Page 24 laim M STARLAND HOLDINGS LIMITED (Company Registration Number: *****1382E) (Incorporated in Singapore on 20 October 2011) PLACEMENT OF 22,200,000 PLACEMENT SHARES AT S$0.22 FOR EACH PLACEMENT SHARE, PAYABLE IN FULL ON APPLICATION. APPLICATION RESULTS The Board of Directors of STARLAND HOLDINGS LIMITED (the “Company”) is600 words
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Advertisement360 2012-04-26 7 ROMAN HOUSE CITY OF LONDON ■RWSv. **5S 1ess 'S3 =i 1 ««*i«wrSS in'SSSg* .^jggrg^B ■9R H to. -**T^ El ?f/i= i filiSPn? fillip gaaN^ ;i*Vp>+ *sV*, H M *wS sr 3B9I =s as? 7*s^ wv. *ir w in ii .1 -tOb&L. Berkeley Designed for life s_/ Another outstanding London development360 words
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SINGAPORE MARKETS
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Article, Illustration576 2012-04-26 8 R SIVANITHY - JEL leads the way, closing 22 per cent up with 1.1 billion units changing hands STOCKS R SIVANITHY Senior Correspondent PUNTING of penny stocks yesterday shot into stratospheric levels, led by JEL Corp which at one stage gained more than 50 per cent before itSource: Bloomberg - 576 words
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Article66 2012-04-26 8 Apr 25 VALUE CLOSE BT OB/OS 51.00 +54.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +5.00 FTSE ST Mid Cap 684.38 -1.94 FTSE ST Small Cap 463.47 +0.11 FTSE ST All Share 720.70 +0.70 FTSE ST China Top 217.16 -1.32 FTSE ST China 251.22 -1.72 FTSE66 words
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Article55 2012-04-26 8 VOLUME JEL Corp 1,100,990,000 UniFiber 419,533,000 Sunmoon 365,789,000 TT Intl 259,189,000 Vallianz Hldgs 250,122,000 IPCO Intl 245,775,000 Thakral 223,814,000 SingXpress 217,987,000 Xpress 201,189,000 Informatics 178,167,000 VALUE($) JEL Corp 137,128,420 TT Intl 48,598,753 Noble Grp 41,894,440 Keppel Corp 39,550,285 SembMar 39,330,060 CapitaLand 33,906,930 GLP 30,383,505 UPP 30,143,995 Golden55 words
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Article186 2012-04-26 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 0 0 3 10 3 Manufacturing 56 49 38 6 7 10 62 56 48 Commerce 14 28 22 5 3 3 19 31 25 Tpt/Stor/Comms 10 21 9186 words
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BROKERS’ TAKE
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Article, Illustration316 2012-04-26 8 April 25 close: $1.60 OCBC Investment Research, April 25 FRASERS Centrepoint Trust (FCT) delivered a strong set of Q2 FY2012 results that were ahead our expectations. Net property income (NPI) and distributable income were up 30.4 per cent and 30.6 per cent y-o-y to $26.2 million andSource: Bloomberg - 316 words
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Article281 2012-04-26 8 April 25 close: $0.65 DBS Group Research, April 24 THE Batam yard is a key pillar for ASL Marine. We recently visited ASL’s shipyard in Batam, Indonesia, and discussions with management confirmed a robust operating outlook, in line with our expectations. The cheaper yard operations in Batam,281 words
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Article172 2012-04-26 8 JOYCE HOOI - Compiled by JOYCE HOOI April 25 close: $1.30 CIMB Research, April 25 Q1 2012 DPU was up 4 per cent y-o-y on higher contributions from One Raffles Quay (ORQ), MBFC and Park Mall. Positives were slightly better rental reversions at Suntec City offices, aided by low expiring rents172 words
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Article140 2012-04-26 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,140 words
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Article121 2012-04-26 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,140 31,140 62,305 62,305 Manufacturing 707,101 494,238 1,201,339 196,666 14,162 210,828 Commerce 2,315,455 345,534 2,660,989 285,415 19,472 304,887 Tpt/Stor/Comms 114,483 22,920 137,403 85,849 7,511 93,360 Finance 53,009 107 53,116 77,181 15 77,196 Construction 886,997 198,747121 words
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Article111 2012-04-26 8 Stock name Close Change CapMallsAsia 1.570 CapitaLand 2.960 +0.010 CapitaMall 1.860 CityDev 10.350 -0.060 ComfortDelGro 1.520 +0.010 DBS Grp 13.700 +0.070 F&N 6.880 +0.080 GLP 2.120 +0.100 Genting SP 1.710 +0.010 Golden Agri 0.745 HK Land 6.190 -0.110 JMH 49.800 -0.200 JSH 31.880 -0.360 Jardine C&C111 words
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Article, Illustration439 2012-04-26 8 CURRENCIES Reuters [LONDON] The euro rose to a three-week high against a weaker dollar yesterday, helped by lower eurozone peripheral bond yields, strong company earnings and with the US central bank expected to keep interest rates ultra-low. However, traders expected gains in the euroReuters; BLOOMBERG - 439 words
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Article110 2012-04-26 8 BY CENTS CLOSE UP IS S&P500 ***** 216.7 1.3 DBXT E50 10US$ 3488 109.6 2.6 DBXT STGLDv100 10US$ 2765 80.9 2.4 GLD 10US$ ***** 64.8 0.3 DBXT FTVietnam 10US$ 2619 46.1 1.4 DBXT MSJAP 10US$ 3707 23.7 0.5 Jardine C&C 4697 22.0 0.5 SIA.ES.1204 1066 22.0 2.1 DBXT MSTaiwan110 words
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Article116 2012-04-26 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -90.9 -0.7 DBXT S&P Short 10US$ 3730 -74.7 -1.6 JSH 3188 -44.8 -1.1 JMH 4980 -24.9 -0.4 CityDev.ES.1204 1033 -19.0 -1.8 HK Land 619 -13.7 -1.7 Keppel Corp 1113 -13.0 -1.2 DBS.ES.1204 1365 -10.0 -0.7 Petra 250 -10.0 -3.8 DBXT MSINDO116 words
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Page 9 Advertisements
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Advertisement56 2012-04-26 9 GOLDEN OPPORTUNITIES What do we offer I commodity traders? We provide SGD-denomlnated CFDs so you avoid currency exposure when you trade gold, oil and more IS DIFFERENT FIND OUT WHY IGMARKETS.COM.SG CFD trading can result in losses that exceed your initial deposit IG Markets (ACRA No. *****621X) is licensed by56 words
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SINGAPORE NEWS
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Article, Illustration587 2012-04-26 10 KELLY TAY - S’pore was top foreign investor in Ho Chi Minh City last year By KELLY TAY in Ho Chi Minh City DESPITE the many challenges facing Vietnam’s economy, Singapore businesses remain upbeat about the country’s prospects. Last year, Singapore surpassed economies such as Japan, SouthSEYU TZYY WEI/LIANHE ZAOBAO - 587 words
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250 2012-04-26 10 BEYOND robust economic relations, Singapore and Vietnam share strong peo-ple-to-people links, which the two countries reaffirmed yesterday. Speaking at Ho Chi Minh City’s ornate Reunification Palace, Singapore President Tony Tan Keng Yam underscored the importance of exchanges between both countries’ people in further strengthening Singapore-Vietnam bilateral250 words
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322 2012-04-26 10 LEE U-WEN - By LEE U-WEN UNITED States Trade Representative Ron Kirk in town for a two-day official visit met Trade and Industry Minister Lim Hng Kiang yesterday. The two leaders discussed, among various things, ways to enhance the “excellent SingaporeUS bilateral economic relations”,322 words
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Article, Illustration300 2012-04-26 12 TIMOTHY LOH - Rohde Schwarz to invest $85m in S’pore over 3 years By TIMOTHY LOH ROHDE Schwarz broke ground yesterday for its new $58 million global hub at Changi Business Park, the German high-tech electronics company’s first headquarters outside of its home country. The building,300 words
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323 2012-04-26 12 JASMINE NG - 15-member team includes SGX CEO and EDB MD By JASMINE NG THE newly convened IP Steering Committee will have Teo Ming Kian at its helm as chairman, the Ministry of Law said yesterday. Also chairman of MediaCorp, Mr Teo has served as323 words
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Article, Illustration492 2012-04-26 12 RONNIE LIM - Despite solid demand growth, glut continues to affect wafer prices By RONNIE LIM IT’S sunset for Norwegian solar cell-maker Renewable Energy Corporation’s home operations. With plunging solar prices amidst a global glut, REC announced Tuesday the closure of Heroya, its last remaining492 words
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Advertisement114 2012-04-26 10 Want to Shine at ChildAid? BIGGER,BETTERBRIGHTER BE PART OF SINGAPORE’S BIGGEST CHILDREN’S CHARITY CONCERT. JUST LIKE THESE YOUNG TALENTS, YOU CAN SPREAD THE JOY OF GIVING AND HELP THE LESS FORTUNATE SIMPLY BY UNVEILING YOUR TALENT. EMAIL A VIDEO OF YOUR PERFORMANCE WITH YOUR NAME, AGE, CONTACT AND A WRITE-UP114 words
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GOVERNANCE FOR ADVANTAGE
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Article, Illustration1734 2012-04-26 11 JAMIE LEE - The board cannot just rely on the assurances of the CEO and CFO with regard to the accuracy of financial statements and effectiveness of a company’s risk management and internal control systems, reports JAMIE LEE JAMIE LEE THE new Code of Corporate Governance hasFILE PHOTO - 1,734 words
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Advertisement167 2012-04-26 11 CPA Forum 2012 Sound corporate governance the sustainable advantage Thursday 26 April 2012 9.00am–1.00pm Mandarin Orchard Hotel CPA Forum 2012 analyses the critical issues and concerns in corporate governance faced by Singapore companies. Hear our high-level panellists share their views on major corporate governance trends and best practices in areas167 words
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Advertisement48 2012-04-26 11 This is the last in a four-part corporate governance thought leadership series that looks at the impact of proposed revisions to the Code of Corporate Governance in Singapore. The series is brought to you by CPA Australia, in conjunction with this year’s CPA Forum that is held today48 words
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SINGAPORE YACHT SHOW 2012
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Article, Illustration1189 2012-04-26 13 VINCENT WEE - Asia’s top movers and shakers are coming, drawn by the sleek yachts and a chance to meet the industry’s best-known builders and brokers. VINCENT WEE reports VINCENT WEE SINGAPORE is known to be the regional centre for business and banking but this week, it’s1,189 words
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Article, Illustration796 2012-04-26 14 VINCENT WEE - However, the promise of South-east Asia becoming a major destination for superyachts needs wind in its sails, reportsVINCENT WEE VINCENT WEE THE promise of Singapore and the South-east Asian region as a major new cruising destination for superyachts has been talked about for at least theFILE PHOTO - 796 words
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Article528 2012-04-26 14 VINCENT WEE - By VINCENT WEE SUPERYACHT chartering is practically an alien concept in Asia. For both potential charterers and the owners of the yachts here, the European style of doing things is a world away but this is slowly changing as the industry gradually flows out of528 words
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Page 13 Advertisements
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Advertisement102 2012-04-26 13 a\ •■Hi WS^r' 7/ 1 m n r 1 m *1 > v- r L W i SI w I V JLw\ I* 'I* A SH wm \w BH 15,1 ■i f. V* 1 <• V >1 RIN VISIT D r o ONE 15 SINQAPOREYACHTSHOW 27-29 April 2012 MARINA CLUB102 words
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Advertisement192 2012-04-26 14 ONE°15 Marina Club, Sentosa Cove, Singapore www.singaporeyachtshow.com The The Singapore Yacht Show is an exclusive event designed to introduce guests to the glamorous lifestyle of top-end yachting and boating. lifestyle event Show incorporates other high-end brands supercars, fine dining, 6 star hotels and waterside properties as part of a whole192 words
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ECONOMY WATCH
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Article, Illustration700 2012-04-26 16 GDP contracts 0.2% from Q4 as factory and construction outputs decline Bloomberg [LONDON] The UK economy shrank in the first quarter as construction output slumped, pushing Britain into its first double-dip recession since the 1970s. Gross domestic product (GDP) contracted 0.2Bloomberg; AP - 700 words
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479 2012-04-26 16 AP [WASHINGTON] The Federal Reserve has given the public increasingly more information about its work and its thinking. But more doesn’t always mean more revealing. Investors aren’t expected to learn much from the Fed’s latest policy statement yesterday or from its updatedAP - 479 words
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296 2012-04-26 16 Reuters [LUXEMBOURG] European banks are still suffering from tight credit and markets have not picked up enough to cover their funding requirements, European Central Bank Governing Council member Yves Mersch said in comments released yesterday. Writing in the central bank of Luxembourg’s stabilityReuters - 296 words
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Advertisement71 2012-04-26 16 1 Download the PARAGON App < A COFFEE AND NVERSATION BETWEEN DECISIONS, DECISIONS. Cafes |one on every floor offer pause from the rush of shopping. So when your feet tire, let your taste buds take over. Bakerzin Canele Patisserie Chocolaterie Cava, Pasticceria Confetteria Dome Cafe O'Coffee Club PS.Cafe Starbucks The71 words
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MALAYSIA
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Article, Illustration545 2012-04-26 17 S JAYASANKARAN - Rush to meet listing deadline; settlers to get preferential treatment for IPO By S JAYASANKARAN in Kuala Lumpur THE initial public offering of Felda Global Ventures Holdings (FGVH) will take place without the participation of a settlers’ cooperative so that itREUTERS - 545 words
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478 2012-04-26 17 PAULINE NG - By in PAULINE NG in Kuala Lumpur AMID persistent pressure to loosen lending guidelines for the auto sector, Malaysia’s central bank has reiterated its stance that loans should be extended only to the creditworthy. “We want those who have the capacity478 words
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Advertisement234 2012-04-26 17 A STAR ALLIANCE MEMBER r~> 1 FLY«3 A d r iv FIRST CLASS from: *4048 Tokyo *6078 Frankfurt London Madrid Munich Paris Rome Zurich Less talk. More experience. Exclusive All-in MasterCard® Amazing Deals BUSINESS CLASS from: *1208 *2168 *798 Bangkok Hong Kong *4198 Fukuoka Nagoya Osaka Tokyo Brussels Copenhagen Frankfurt234 words
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Advertisement212 2012-04-26 17 THE NEW FRONTIER FOR BUSINESS INVESTMENT 31 May 2012, Marina Mandarin Hotel, Singapore Opportunities, Risks and Challenges of Doing Business in Myanmar Summit Highlights: The Political Backdrop What Reforms Mean for Business in Myanmar and on the International Front Outlook for Myanmar's Financial Markets Legal Regulatory Structures for Doing Business212 words
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CHINA/INDIA
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530 2012-04-26 18 CDB Securities beats commercial firms for the first time in underwriting bonds Bloomberg [BEIJING] The securities unit of China Development Bank, the country’s biggest lender to promote government policies, is beating commercial brokerages for the first time in underwriting bonds as it drawsBloomberg - 530 words
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Article, Illustration533 2012-04-26 18 Reuters [BEIJING] China Development Bank (CDB), Beijing’s financing arm for big infrastructure projects, registered a 22.9 per cent rise in net profit in 2011 to 45.6 billion yuan (S$9 billion) the bank said in its annual report published yesterday. The policy bankReuters; BLOOMBERG - 533 words
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435 2012-04-26 18 Bloomberg [NEW DELHI] India’s sovereign credit outlook was lowered to negative from stable by Standard Poor’s on risks from slower economic growth and a widening current account deficit, taking the nation a step closer to junk status. “India’s investment and economic growth haveBloomberg - 435 words
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Page 18 Advertisements
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Advertisement844 2012-04-26 18 SING INVESTMENTS FINANCE LIMITED Incorporated in the Republic of Singapore Company Registration No. *****0348D IMPORTANT The financial information as set out below contains only a summary of the information in the financial statements of Sing Investments Finance Limited and the consolidated financial statements of the Group for the financial year844 words
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WORLD
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Article, Illustration685 2012-04-26 19 Discovery of US case of mad cow disease prompts move; Japan unfazed AP [SEOUL] Two major South Korean retailers suspended sales of US beef yesterday following the discovery of mad cow disease in a US dairy cow. Reaction elsewhere in Asia wasAP; AFP - 685 words
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532 2012-04-26 19 Some studios said to have paid for right to film, show movies NYT [NEW YORK] The Securities and Exchange Commission has begun an investigation into whether some of Hollywood’s biggest movie studios have made illegal payments to officials in China to gain the rightNYT - 532 words
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318 2012-04-26 19 Bloomberg [LONDON] Five trillion dollars of investment is needed worldwide by 2020 in renewable power, energy efficiency and cleaner transportation to contain rising global temperatures, the International Energy Agency (IEA) said. After fuel savings of US$4 trillion are taken into account, the net investmentBloomberg - 318 words
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427 2012-04-26 19 AFP [TOKYO] Thousands of farmers rallied in Tokyo yesterday against a Pacificwide free trade pact as Japanese Prime Minister Yoshihiko Noda prepares for a visit to the United States. Mr Noda had reportedly been looking to announce Japan would become a full-fledged participantAFP - 427 words
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477 2012-04-26 20 AFP [TOKYO] The head of the club of the world’s richest countries said yesterday Japan needed to have a bigger “sense of crisis” about its financial predicament. Angel Gurria, the secretary general of the Organisation for Economic Cooperation and Development said Japan’sAFP - 477 words
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721 2012-04-26 20 Top govt official resigns over role in News Corp’s bid to take over BSKyB AFP AP [LONDON] Media baron Rupert Murdoch yesterday tried to downplay his influence on British politics, saying in his first appearance at a press ethics inquiry that heAFP; AP - 721 words
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Article, Illustration705 2012-04-26 20 NYT [MANILA] In a landmark decision, the Supreme Court in the Philippines ruled unanimously on Tuesday to break up the rambling estate owned by the family of President Benigno S Aquino III, parcelling out land to more than 6,000 farmers and their familiesNYT; AP - 705 words
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387 2012-04-26 20 Reuters [TOKYO] A nuclear plant in north-western Japan may be sitting right on top of an active geological fault, the country’s nuclear watchdog has said, raising the risk that the facility may never resume power generation for fear of an earthquake. ForReuters - 387 words
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Article, Illustration1422 2012-04-26 21 STEVEN M DAVIDOFF - The variable interest entity structure means that a shareholder may not own a piece of that company, says COMMENTARY STEVEN M DAVIDOFF The writer, a former corporate lawyer, is a professor of law and finance at Ohio State University NYT [NEW YORK] OUNYT; FILE PHOTO - 1,422 words
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Article, Illustration737 2012-04-26 22 Revenue jumps 59% to US$39.2b, driven by iPhone sales in greater China region Reuters [SAN FRANCISCO] Apple Inc’s quarterly profit almost doubled, blowing past Wall Street estimates after a jump in iPhone sales, particularly in the greater China region, and soothing fears that theReuters; AFP - 737 words
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364 2012-04-26 22 Reuters [LONDON] Germany yesterday failed to attract enough bids to cover the targeted three billion euro (S$4.9 billion) launch of its new ul-tra-long bond as investors baulked at the record low returns on offer. The auction drew bids worth 2.747 billion euros, fallingReuters - 364 words
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727 2012-04-26 22 Lawmaker proposes banning bonuses that exceed salary Bloomberg [BRUSSELS] Bankers face a backlash from European Union lawmakers determined to cut their bonuses as part of a quest to reshape lenders as utilities such as water and electricity providers rather than money-making machines. The EuropeanBloomberg - 727 words
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Article, Illustration391 2012-04-26 22 Reuters [AMSTERDAM] Dutch Queen Beatrix has asked for parliament to be dissolved so that elections can be held on Sept 12, leaving the country open to months of political and economic uncertainty after the government collapsed in a row over budget cuts.Reuters; AFP - 391 words
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512 2012-04-26 23 Weakest demand in 3 years combines with decline in consumer sentiment LATEST US DATA Reuters [WASHINGTON] Demand for long-lasting US manufactured goods was the weakest in three years in March and a gauge of business spending plans fell, suggesting the economy lost momentumReuters - 512 words
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611 2012-04-26 23 Not time yet to roll back crisis-fighting measures, he says Reuters [BRUSSELS] European Central Bank president Mario Draghi gave no indication yesterday that the ECB was poised to provide more support for banks or governments but also said the time wasReuters - 611 words
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Article, Illustration812 2012-04-26 23 AP [WASHINGTON] Mitt Romney declared himself the Republican presidential nominee after sweeping five primary contests and immediately set the tone for the general election campaign by attacking President Barack Obama over his handling of the economy. “Tonight is the start ofAP - 812 words
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WORLD WATCH
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119 2012-04-26 23 Reuters [NEW YORK] Boeing Co, the world’s largest aerospace and defence company, yesterday posted a higher quarterly net profit, helped by an increase in commercial airplane deliveries, and raised its earnings forecast for the year. The company said its first-quarter net profitReuters - 119 words
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145 2012-04-26 23 Reuters [LONDON] British airports operator BAA yesterday posted a 15 per cent rise in quarterly profit, squeezing more growth from its busy London Heathrow hub but repeating its plea for permission to add capacity there. The business, owned by Spanish group Ferrovial,Reuters - 145 words
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113 2012-04-26 23 Bloomberg [ATLANTA] Delta Air Lines posted a wider first-quarter loss than analysts estimated as higher fares failed to mitigate a jump in fuel expenses. The deficit, excluding certain items, was US$39 million, or five cents a share, the Atlanta-based carrier said yesterday.Bloomberg - 113 words
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106 2012-04-26 23 Bloomberg [STOCKHOLM] Ericsson’s first-quarter profit more than doubled on the sale of a stake in its mobile handset venture while the company increased its profit margins from the previous period, sending its shares up the most in five months. The net income ofBloomberg - 106 words
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103 2012-04-26 23 Reuters [NEW YORK] Caterpillar Inc yesterday reported a 29 per cent rise in quarterly profit due to continued demand for replacement machinery in North America and growth in its mining business. The world’s largest maker of construction machinery reported net earningsReuters - 103 words
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546 2012-04-26 23 By 2017, its poultry, eggs will from free range chickens, pigs AP [MIAMI] The movement by US food corporations towards more humane treatment of animals experienced a whopper of a shift yesterday when Burger King (BK) announced that all of its eggsAP - 546 words
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Page 19 Advertisements
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Advertisement98 2012-04-26 19 Getting to KL is just so convenient firefly We Fly 49 times weekly From Singapore Subang (Kuala Lumpur) ALL-IN FROM SGD ONEWAY 2'JtJ (Malaysia’s Choice Fly from Singapore to OS Subang (Kuala Lumpur) Also fly from Singapore to Ipoh and Kuantan MS\|A| I Booking Period 23 Apr-6 May 2012 DUUIx98 words
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Page 20 Advertisements
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Advertisement132 2012-04-26 20 World’s First Organic Spf First European Cone The Chateau Spa Ft Organic Wellness Resort a ms mm r 1m (valid till 30 June 2012) WEEKEND GETAWAY from S$ 450++ per person 2 Nights Deluxe Accommodation with breakfast (Twin Sharing) 1 Tantalizing Organic Dinner (excludiiig heverages) 1 Swedish Massage 1 Herbal132 words
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Page 21 Advertisements
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Advertisement65 2012-04-26 21 SUPPORT IGINALITY. MAKE A DIFFERENCE! A Wm 4 f o Today is World Intellectual Property (IP) Day, and we want to thank you for supporting original works as well as playing a part in this international movement. In making IP a way of life, you ensure that creativity and innovation65 words
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Page 22 Advertisements
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Advertisement1006 2012-04-26 22 fi Desperate? &TRR0RER sg Post listings for FREE STPROPERTY.SG NOTICES AC Quant société d’investissement à capital variable Registered office: L-2550 Luxembourg, 36, avenue du X Septembre R.C.S. Luxembourg B *****3 The shareholders of AC Quant (the “Company”) are hereby invited to attend the annual GENERAL MEETING OF SHAREHOLDERS which is1,006 words
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Advertisement17 2012-04-26 22 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements MATS NOTICES17 words
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SHIPPING/AVIATION
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400 2012-04-26 24 LYNN KAN - IMO committee to mull issue, discuss guidelines at May 16 meeting: Sekimizu SINGAPORE MARITIME WEEK By LYNN KAN THE USE of armed personnel on board merchant ships plying the pirate-in-fested waters off the Somali coast will be one of the most important policy debates400 words
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Article, Illustration547 2012-04-26 24 TIMOTHY LOH - By TIMOTHY LOH DESPITE the economic downturn in the rest of the world, the relatively young Asia-Pacific superyacht industry is expecting slower but stable growth over the rest of this year. According to executive director of the Superyacht Singapore Association (SSA) Jean-Jacques Lavigne,JOHN SHUTTLEWORTH YACHT - 547 words
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Article252 2012-04-26 24 SGX '000 Apr 25 S$ +/-Vol CH Offshore 0.44 unch 619 Chuan Hup Hldg 0.23 unch 58 Cosco Corp 1.06 -0.01 3403 Apr 25 Ezra Hldgs 1.04 0.01 2713 First Ship Lea Vol Freight Links 0.07 unch 4491 Grand Banks unch unch 0 Jaya Hold Ltd K1Ventures 0.10252 words
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618 2012-04-26 24 Bloomberg [HAMBURG] When Germany’s Container FlottenFonds filed for insolvency last year, more than 1,000 investors who had been promised annual returns of as much as 15 per cent instead lost 37.5 million euros (S$61 million). The collapse of the fund, which wasBloomberg - 618 words
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269 2012-04-26 24 VEN SREENIVASAN - By VEN SREENIVASAN CHANGI Airport hit a new passenger record for the month of March as it handled 4.28 million passenger movements, a 15.3 per cent increase from a year ago. During the first three months of this year, passenger269 words
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421 2012-04-26 24 VEN SREENIVASAN - Daily flight from July will boost carrier’s aircraft utilisation By VEN SREENIVASAN IN a move which has surprised many industry insiders, Singapore Airlines’ new long/medium-haul carrier has announced Bangkok as its fourth destination. This comes after the airline, which will use a fleet of421 words
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Page 24 Advertisements
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Advertisement18 2012-04-26 24 Grow j Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices CLA/FEB11/Q18 words
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Page 24 Miscellaneous
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Miscellaneous316 2012-04-26 24 CRYPTIC CROSSWORD Across 1 Taking part in film attack (5) 4 Lady allowed to go round public house for something to read (8) 8 Ranting about embracing independent education (8) 9 Lift across the Atlantic (8) 11 Without delay I’m going to arbitrate (7) 13 Tchaikovsky’s sweetie? (9) 15 Where316 words
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Page 25 Advertisements
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Advertisement1291 2012-04-26 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination CROWN VOYAGER~ Muscat/Sharjah/Doha/Dammam CMB ADRIEN~1,291 words
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Advertisement810 2012-04-26 25 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 22/04 29/04 TIRRANNA FF217 13/04 18/04 21/04 23/04 28/04 04/05 TALISMAN FF218 20/04 24/04 26/04 02/05810 words
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EDITORIAL & OPINION
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505 2012-04-26 26 EDITORIAL SINGAPOREANS have frequently been reminded that theirs is a rapidly ageing society. But a government paper released on Tuesday still managed to stoke, in plain terms with stark graphics, concerns about the country’s demographic decline. The grim reality of a shrinking population and an505 words
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Article, Illustration702 2012-04-26 26 AMAR BHIDÉ - One solution to Europe debt honest reckoning THE BOTTOM LINE AMAR BHIDÉ The writer is a professor at Tufts University’s Fletcher School of Law and Diplomacy and the author of A Call for Judgment Project Syndicate SAVING the euro, say the sages of the global economy, requires radical steps. TheProject Syndicate - 702 words
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Article, Illustration1104 2012-04-26 26 ANTHONY ROWLEY - In fact, there’s real incentive for Asia’s trade-dependent nations to cough up funds for IMF ANTHONY ROWLEY Tokyo Correspondent ASIAN nations are stumping up large sums of money to boost the resources of the International Monetary Fund (IMF) just at a timeFILE PHOTO - 1,104 words
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Article, Illustration1164 2012-04-26 27 LEUNG YEW KWONG - Just keep in mind the policy objectives behind the implementation of the additional buyer’s stamp duty By LEUNG YEW KWONG The writer is principal consultant, KPMG in Singapore. The views expressed are his own THE policy reason for the imposition of the additional buyer’s stamp dutyNEO XIAOBIN/ THE STRAITS TIMES - 1,164 words
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Article, Illustration858 2012-04-26 27 CATHERINE ASHTON - By CATHERINE ASHTON The author is the European Union’s High Representative for Foreign Affairs and Security Policy AS foreign ministers from Asean and the EU gather in Brunei Darussalam for the 19th Asean-EU Ministerial on 26-27 April, the sense ofAP - 858 words
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SINGAPORE STOCKS
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Article2846 2012-04-26 28 Transaction date: Apr 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 17 11.5 8Telecom Day 88 51 ABR Hldgs 80cd +2 993 80 80 80 83 3.1 2.5 12.8 160.72,846 words
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Article239 2012-04-26 29 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 4.7239 words
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Article9319 2012-04-26 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.23/ AXA Wealth Mgt S'pore Pte Ltd 0.99/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Smaller Cos!” 1.641/ EM Local Ccy Bond .0 9508/ Global Emerging9,319 words
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Article189 2012-04-26 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US37.5 unch 4391 37.5 37 37 37.5 2469.2 Last 201 168 TanChongInt HK192cd 191 195 4.3 3.6 6.4 3866.7 STOCK PRICES189 words
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Article932 2012-04-26 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 111.5 ABF SG Bond ETF 118 6 118.3 118 118 118.3 538.6 103 100 CIMB APAC Div 100US$ US101 101.5 102.3 10.6 1261 856 CIMBAsean40932 words
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FINANCE & COMMODITIES
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Article616 2012-04-26 30 Apr 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9578.42 9582.73 9530.02 Jun12 9480.00 9590.00 9475.00 9555.00 *****1 *****6 Sep12 9570.00 9575.00 9555.00 9550.00 3 7913 MSCI TAIWAN INDEX FUTURES SPOT 270.34 271.99 270.28 Apr12 269.60 271.90 268.50 270.80 *****6 *****7 May12 269.30 271.80616 words
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373 2012-04-26 30 In local curr In S$ In US$ dy yr dy yr dy yr Apr 24 Index Change Change Change Change Change Change World Preliminary 888.9 0.5 7.1 0.4 3.4 0.7 7.6 EAFE Preliminary 716.6 0.6 5.1 0.6 1.7 0.9 5.8 Europe Preliminary 1052.4 1.1 2.5373 words
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Article, Illustration111 2012-04-26 30 As on 24 April 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1648.00 1635.60 1643.70 245 CURRENCY AUD-USD FUT JUN2012 1.0247 1.0196 1.0222 1436 EUR-USD FUT JUN2012 1.3211 1.3151 1.3193 2963 BASE METAL COPPER FUT MAY2012 8110 8045 8095 2208111 words
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Article107 2012-04-26 30 Apr 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1461.25 1437.25 1467.50 1433.75 Jul 12 1465.00 1441.00 1471.25 1437.75 Aug 12 1450.50 1426.50 1456.75 1425.50 Sep 12 1398.75 1381.75 1403.25 1383.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.29107 words
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Article80 2012-04-26 30 Apr 24 COCOA (£/tonne) Close Prev High/Low May 12 1490 1444 1502/1450 Jul 12 1505 1459 1518/1465 Sep 12 1492 1457 1507/1462 Dec 12 1484 1454 1500/1459 COFFEE(US$/tonne) Close Prev High/Low May 12 2025 unch 2032/2020 Jul 12 2049 2044 2054/2037 Sep 12 2049 2043 2054/2039 Nov 12 203680 words
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1259 2012-04-26 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 276 10.25 25 Baker Technology Ltd W*****6 3 1 32 13 10.33 7 Best World Intl Ltd W*****5 0.6 1 30 61 31.67 15 Biosensors1,259 words
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Article76 2012-04-26 30 CRUDE OIL PRODUCTS Apr 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.34 0.89 WTI (Near Mth) 103.08 0.54 Dubai (1-Mth F) 114.99 0.58 Tapis blend 124.55 1.06 Minas 124.55 1.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 112.83 0.94 Jet Kerosene 132.03 0.23 US$/barrel OpecOil Basket76 words
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Article24 2012-04-26 30 US /S FORWARD RATES Apr 25 Apr s$ Bid Offer 1-month 1.2452 1.2463 2-months 1.2451 1.2462 3-months 1.2449 1.2459 6-months 1.2437 1.2448 Source: OCBC24 words
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Article68 2012-04-26 30 Apr 24 Apr 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2040.50 2017.25 3 months 2082.00 2059.00 Copper, Grade A(US$/tonne) Cash 8258.00 8124.00 3 months 8150.00 8045.00 Lead(US$/tonne) Cash 2060.75 2063.00 3 months 2072.00 2070.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0068 words
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Article470 2012-04-26 30 Apr 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 6.513 0.782 8.014 54.349 95.021 0.840 11.768 3.161 1.272 93.854 44.076 1.287 8.016 0.939 30.459 31.959 0.639 1.033 Canada 0.982 6.394470 words
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Article65 2012-04-26 30 Apr 25 (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$) 0.***** 2 mths 6 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** SWAP Mid rates65 words
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Article156 2012-04-26 30 Apr 25 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2860 1.2877 1.0327 1.0332 Canadian dollar 1.2625 1.2643 1.0138 1.0144 Euro 1.6455 1.6470 1.3214 1.3215 NZ dollar 1.0108 1.0122 0.8117 0.8122 Sterling pound 2.0113 2.0133156 words
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Article122 2012-04-26 30 Apr 25 As at 9am Apr Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.253 Can dollar 1.29 1.229 Euro 1.682 1.602 Sterling pound 2.047 1.969 NZ dollar 1.041 0.992 US dollar 1.263 1.215 Local dollars to 100 units of122 words
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Article155 2012-04-26 30 Apr 25 Apr $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 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 0.85155 words
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Article138 2012-04-26 30 Apr 25 GOLD(US$/oz) Apr 24 Apr 25 Hong Kong 1646.00 1653.00 Apr 23 Apr 24 London 1631.70 1643.21 1632.45 1643.98 Source: Thomson Reuters CAST BAR Apr 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 66 5gm 449 329 10gm 802 658138 words
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Article81 2012-04-26 30 Apr 25 Apr TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26-Jul-12 0.26 1-Year BY*****W 01-Nov-12 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.12 5-Year N*****0Z 2.375 01-Apr-17 108.8 -------10-Year NX*****X 2.25081 words
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Article57 2012-04-26 30 Apr 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3472.0 3473.0 3491.0 3456.0 263 6660 Jun 12 3478.0 3476.0 3496.0 3461.0 1473 ***** Jul 12 3470.0 3463.0 3489.0 3453.0 9367 ***** Aug 12 3452.0 3449.057 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration796 2012-04-26 31 AMIT ROY CHOUDHURY - Move complements its BizCloud offering, reportsAMIT AMIT ROY CHOUDHURY US-BASED information technology (IT) services provider CSC will launch a number of cloud services in Singapore and the rest of Asia next month. These would complement its BizCloud offering which is billed as the796 words
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409 2012-04-26 31 VICTORIA HO - Government’s mobile website cited as one reason for high rank By VICTORIA HO THE Singapore government is ahead of the curve with its support of e-pay-ment services and technologies, according to a Visasponsored study done by the Economist Intelligence Unit (EIU). The study409 words
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286 2012-04-26 31 AP [SAN JOSE, California] Google is hoping to build the world’s largest digital filing cabinet in the latest attempt to deepen people’s dependence on its services. The company began its pursuit of the audacious goal on Tuesday with the much-anticipated debut of Google Drive, aAP - 286 words
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Article, Illustration519 2012-04-26 31 VICTORIA HO - Mobility bringing about an attitude change: Microsoft By VICTORIA HO COMPANIES are starting to realise that they have to change their attitudes towards IT lockdown if they want to keep attracting younger talent, said Microsoft Singapore managing director Jessica Tan. She said519 words
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Page 31 Advertisements
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Advertisement33 2012-04-26 31 GRAB YOUR MAY ISSUE NOW! WIN! TAKEOURMEN’SHEALTH GROOMINGSURVEY2012 and win ToyWatch timepieces worth $458 each and fragrances! MENSHEALTH.COM.SG BESTDIGITALMEDIAOFTHEYEAR* *No. 1 in Marketing Magazine’s 2011 Digital Media of the Year rankings, Men’s category.33 words
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Advertisement36 2012-04-26 31 SENTOSA SURPRISE The Indian businessman who bought the $39 million Sentosa bungalow is just 33... and he sings Follow the heritage trail in Little India GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST36 words
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PROPERTY
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Article, Illustration278 2012-04-26 32 LIM WEI SHENG - Booking of units starts on June 1; TOP expected at June 2015 By LIM WEI SHENG APPLICATIONS will open for Watercolours executive condominium (EC) on May 1. The 99-year leasehold, 416-unit project, comprising four tower blocks, is located at the intersection278 words
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Article1409 2012-04-26 32 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 21 WITH CONTRACT DATES BETWEEN MARCH 28 AND APRIL 3, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 28/03/2012 99 527 1165 2210 District 3 NON-LANDED Ascentia Sky1,409 words
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Article, Illustration360 2012-04-26 33 MICHELLE TAN - Tender expected to draw interest from medium to large developers By MICHELLE TAN NOVENA Ville is set to hop onto the fast-loading bandwagon of properties put up for collective sale this year. Launched yesterday by property consultants Credo Real Estate, the 43-unit freehold mixed-use360 words
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507 2012-04-26 33 Bloomberg [TOKYO] Sekisui House Ltd, Japan’s second-biggest home builder, said it expects operating profit to increase almost 80 per cent to a record in three years as business in China starts to generate earnings. The Osaka-based company expects operating profit, orBloomberg - 507 words
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Article, Illustration923 2012-04-26 34 MINDY TAN - Increase could be driven by squeezed housing allowances, analysts say By MINDY TAN NON-LANDED rental transactions in the rest of central region (RCR) saw a marked increase in the first quarter of 2012, jumping 25.5 per cent over the previous quarter. According toFILE PHOTO - 923 words
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370 2012-04-26 34 MINDY TAN - Woh Hup clinches highest number of awards for 2nd year By MINDY TAN MORE residential developments are slated to receive the Construction Excellence Award this year, with local builder Woh Hup clinching the highest number of Construction Excellence Awards for the second consecutive370 words
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Article, Illustration473 2012-04-26 35 Los Angeles, Dallas, Philadelphia, Boston, Washington have all reached a floor Bloomberg [NEW YORK] Home values in more than half of major US markets will probably reach a bottom by December as the five-year slide in prices comes to an end, accordingBloomberg; BLOOMBERG - 473 words
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Article, Illustration251 2012-04-26 35 Reuters [NEW YORK] One World Trade Center, being built at the site of the fallen twin towers, could surpass the Empire State Building as the tallest building in New York as soon as next week, an official said onReuters; BLOOMBERG - 251 words
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Advertisement102 2012-04-26 32 LaTalle NG THE BERTH Real value in a changing world TIlG OOVGj SfilltOSS Sky-villa approx. 6,024 ft 2 with own swimming pool Waterfront luxurious condominium Your own private berth for luxury pleasure crafts Exclusive district of Sentosa Cove 5 mins from Vivo City Full amenities within the vicinity of nearby102 words
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Advertisement144 2012-04-26 32 Jii: -C, mm n c w An exclusive blend of tropical splendor, surrounded by b-tropical rainforest sanctuaries with a rare view of esquestrain training at the Singapore Polo Club. A zen-tropical grandeur that speaks of volume, light and room for boundless pursuits. Be mesmerized by the woodwork, be evoked by144 words
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Advertisement153 2012-04-26 32 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with the following types of assets 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail Space153 words
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Advertisement379 2012-04-26 33 Freehold Strata Industrial Space at Kallang Pudding Road Tannery Lane Tranche 1 12 Units 28,955 Sq ft approx Tranche 2 12 Units 26,716 Sq ft approx 4 Contiguous floors Near future Mattar MRT Station Tenanted with high occupancy Suitable for light industrial, warehouse, IT etc. Expressions of Interest Closing: Friday,379 words
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Advertisement241 2012-04-26 33 Bungalow Plot for Sale off Kheam Hock/University Rd Land area 10,381 sf; FH Vacant elevated ground 2-sty bungalow zone Good for 1 or 2 bungalows Quiet and exclusive meinmein.chia@credo.com.sg(CEA Regn No: R*****6B) yewmin.lim@credo.com.sg (CEA Regn No: R*****3H) karamjit@credo.com.sg (CEA Regn No: R*****5D) Agency Licence No: L*****97B Tender Closing on 9241 words
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Advertisement122 2012-04-26 34 BTA BuHdTechAsia2012 m International Building Technology Expo incorporating: ConMach Asia 2012 NewMate/\s/a20 12 EleMechAsia20l2 V See the latest showcase of technology innovations for the construction industry Join us this 15-17 May at the Marina Bay Sands Sands Expo and Convention Center, Singapore I 10am to 6pm daily JJ* —.nance ft122 words
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Advertisement97 2012-04-26 34 1 W5ZM stiii 5^9^30 My Manhattan From $?xxk Luxurious Condominium in Suburban Simei Estate! Conveniently located next to Simei MRT& Eastpoint Mall bdrm 560 sqft bdrms 861 936 sqft bdrms 1076 1152 sqft bdrms 1313 1335 sqft Dual Keys 3 bdrms 1302 sqft Dual Keys 4 bdrms 1604 sqft r97 words
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Advertisement320 2012-04-26 35 Novena Ville Site for Condo with 1st level Shops Land over 50,000 sf; GPR 1.4 4-sty; FH 100m main road frontage; 200m to Novena MRT Dist 11 commercial, shopping medical hub 1 km of ACS (Barker) upcoming SJI Jnr Potential for 50-70 apts of 800 sf shops huiling.lim@credo.com.sg (CEA Regn320 words
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Advertisement491 2012-04-26 35 THE PUMP HOUSE ROYAL VICTORIA DOCK. LONDON Londons most prolific and dynamic new investment hotspot Selling now Prices from £250,000 00 Luxurious 1,2 and 3 bedroom apartments, all with balcony, terrace or sun lounge 161 (all private high quality apartments offering scenic views over Canary Wharf and River Thames I491 words
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Advertisement90 2012-04-26 36 tomorrow greener a for Favourite!” Family’s Zclass MR-Z65R Crystal Onyx LAUNCH Apply NEW FREE3 YearsWarranty Conditions Zclass erms olio Electric’s Mitsubishi JAPAN “Our IN MADE www.MitsubishiElectric.com.sg >L Holidays Public on Closed 6pm) T (10am Sunday electric 2008 Saturday 5.30pm), 2007 2011 TRUSTEE BRAND 1999 2011 2009 (8.30am Friday Champagne Monday90 words
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