The Business Times, 28 April 2012

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 48
1 20 The Business Times
  • 21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| APRIL 28-29, 2012 S$1.00| MICA (P) 121/08/2011 Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • 652 1 New bank rules coming next month; Danamon shares down Reuters Jakarta INDONESIA will issue new rules on bank ownership next month that may jeopardise a US$7.3 billion bid by Singapore’s DBS Group to buy a local lender, the latest policy
    Reuters  -  652 words
  • 1264 1  -  Both parties have enjoyed the first lap but are doing the math before extending contract By Nisha Ramchandani nishar@sph.com.sg Singapore THE Republic would lose if its five-year affair with the Grand Prix race draws to a close. Formula One (F1) stands
    FILE PHOTO  -  1,264 words
  • Page 1 Advertisements

  • TOP STORIES
    • 1115 2  -  Views changing from oversupply to potential shortfall By Kalpana Rashiwala kalpana@sph.com.sg Singapore SOME property consultants are starting to switch their views on the private housing market from an oversupply story to one of potential shortage, especially in the hot-selling Outside Central Region (OCR),
      Source: URA  -  1,115 words
    • 89 2 IN “Apparent shift in SGX’s position highlighted in court” (BT, April 27), we misquoted SGX’s lawyer, Davinder Singh, as saying: “Listing Rules in its entire teeth remains in the contract domain.” He had said: “Listing Rules in their entirety remain contractual, and Section 203 is a parallel enforcement process.”
      89 words
    • 611 3  -  Number of applications for resale flats falls 0.5 per cent quarter-on-quarter to 5,892 By Michelle Tan michtyz@sph.com.sg Singapore IT appears that home buyers are starting to chuck the old for the new, on the back of the government’s bumper rollout of new flats
      611 words
    • 598 3  -  By Mindy Tan tanmindy@sph.com.sg Singapore THE Urban Redevelopment Authority’s industrial price index bucked the trend yesterday, recording 7.3 per cent quarter-on-quarter growth in the opening quarter of 2012, an improvement from the 4 per cent rise seen previously. The rental index,
      598 words
    • Article, Illustration
      56 4 NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-7 Travel L8-10 Design L11-13 Home Garden L14-15
      56 words
    • 558 4  -  Yields hover around 6%; lukewarm reception to Italy’s bond issue with same rating as Spain By Neil Behrmann bt wo rl d @s p h .co m .sg London THE eurozone’s clouds are darkening again. Spanish debt has been downgraded and the latest
      558 words
    • MARKETS
      • 48 4 us$ s$ US$ (S$ per US$) 1.242 (US$/S$ per 1.619 2.011 EURO(US$/S$/E) 1.319 1.637 Foreign currency per US$ S$ YEN 80.70 65.00 RM 3.051 2.457 HK$ 7.759 6.249 BAHT 30.85 24.85 RUPIAH 9,193 7,403 RENMINBI 6.308 5.080 INDIAN RUPEE 52.63 42.39 A$ 0.963 0.775 NZ$ 1.229 0.990
        48 words
      • 60 4 GSTI 2,981.58 (+0.11) GSTI FUTURES 2,982 (+5) GSIMSCI 343.24 (+0.64) GSIMSCI FUTURES 343.40 (+1.30) Friday Change Friday Change KL COMP 1,567.80 -11.89 NIKKEI 225 9,520.89 -40.94 HANG SENG 20,741.45 -68.26 SET 1,211.78 +2.51 JAKARTA 4,163.98 -16.33 MANILA 5,169.05 -49.92 KOSPI 1,975.35 +11.31 SHENZHEN B 671.24 +1.03 MUMBAI IND 17,134.25
        60 words
      • 29 4 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.535 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
        29 words
    • 440 5  -  His May Day message also calls for slowing the growing income gap By Chuang Peck Ming peckming@sph.com.sg Singapore LABOUR chief Lim Swee Say says Singapore must not only fight hard and work smart to attract good investments and create good jobs, it must
      FILE PHOTO  -  440 words
    • 644 6  -  Partnership may encompass joint investments in Laos, Cambodia, Myanmar By Kelly Tay kellytay@sph.com.sg Ho Chi Minh City A STRATEGIC partnership between Vietnam and Singapore, if cemented, could see the two countries jointly investing in Myanmar in the near future. Speaking at the close of his inaugural
      LIANHE ZAOBAO  -  644 words
    • 477 6 LATEST US DATA Reuters Washington US economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a moderate pace, but stronger demand for automobiles softened the blow. Gross domestic product (GDP) expanded at a 2.2 per cent
      Reuters  -  477 words
    • 601 7  -  Academics to industry specialists from many countries excited about Next Generation Container Port Challenge By Lynn Kan lynnkan@sph.com.sg Singapore Singapore A SINGAPORE competition seeking “revolutionary” ideas for a future container port is anything but a locals-only affair even as it is concerned with
      601 words
    • 404 7  -  By Kenneth Lim kenlim@sph.com.sg Singapore HONG Fok Corp yesterday resisted the Singapore Exchange’s (SGX) request to post the minutes of its controversial annual general meeting (AGM) on the exchange’s website, citing provisions in the Companies Act. SGX queried the property developer
      404 words
    • 386 8  -  PowerGas setting up bypass as repairs to seal the pipeline leak may take up to six weeks By Ronnie Lim ronnie@sph.com.sg Singapore YTL-OWNED genco PowerSeraya and seven other affected petrochemical companies can expect resumption of their disrupted Indonesian gas supplies in about
      386 words
    • 509 8  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) once again failed to live up to expectations yesterday when it announced only modest monetary easing measures instead of the bold steps that financial markets had been looking for. The BOJ eased policy
      REUTERS  -  509 words
  • Page 2 Advertisements
    • 62 2 SAMSUNG HUB Premium Strata Office For Sale 999 years leasehold Approx. 200 metres to Raffles Place MRT Station Excellent floor to ceiling height Large floor plate with regular layout 4 strata units per floor Unit size: 2,906 to 3,875 sq ft Choice of individual units and whole floor Low Choon
      62 words

  • Page 3 Advertisements
    • 106 3 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS *1 Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM' A Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan. From $2,699 $35,000 I PMC, Lindemann Hifi/Cinema System Made
      106 words
    • 10 3 45Marina Square extension, Middle Rd hotel get nod, Page 17
      10 words


  • Page 5 Advertisements
    • 88 5 SINGAPORE —SWEEP— 1 st prize $2 ,200,000 $500,000 $250,000 $550,000 2 nd PRIZE 3 rd PRIZE SUPER SWEEP SNOWBALLED TO ■HHiHS*' 1 1st Prize S2.2 Million I 2nd Prize S500.000 "W.-Vi ISSLh NOSTA^ngapo^ 05/2012 °>OST Date-Wedoewlay. 3*Sr D,aw {*****.940 DRAW ON WEDNESDAY, 2 MAY 2012 p |_/\yA Always play with
      88 words
    • 109 5 1 SUN LAN D i RESIDENCE v» 3 Double Storey Terrace House 22 x 75 From $130,000 o o o o SUNLAND RESIDENCE vsli...L,-...... Large Built Up from 1,980 sq ft Large Master Bedroom from 360 sq ft Four Bedrooms and Four Bathrooms Columnless Driveway allows 2 cars to park
      109 words


  • Page 7 Advertisements
    • 37 7 i/v/V JACKPOT Estimated Draw on Mon, 30 Apr 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Always play with care, [responsibly] Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS
      37 words

  • Page 8 Advertisements
    • 673 8 [CATS NOTICES CHINA KANGDA FOOD COMPANY LIMITED (Incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 834) (Singapore Stock Code: P74) NOTICE OF SGM NOTICE IS HEREBY GIVEN that special general meeting (the “SGM”) of China Kangda Food Company Limited (the “Company”) will be held at Room 4215, Office
      673 words

  • WEEK IN REVIEW/WEEK AHEAD
    • this week | April 23-27, 2012
      • 41 9 NOT all shipyards are faced with thinning contract books and mulling over how to fill their docks in the coming years. Ship scrapping or ship recycling yards have been enjoying the opposite fortunes of shipbuilders.
        41 words
      • 66 9 SKILLS upgrading, job restructuring and retraining are more effective ways of getting workers to move up the value chain than wage shock therapy, which may not translate to higher productivity, top management of Singa-pore-based companies say. While they agree that the
        66 words
      • 51 9 EVEN without the policy moves to curb inflows, the supply of blue-col-lar foreign workers in Singapore could be drying up. Low wages, the high cost of living here, and better prospects in the workers’ home countries have all played a part in this
        51 words
      • 60 9 BARELY two weeks have passed since the central bank tightened monetary policy in Singapore, and already market watchers are flagging the possibility of a tougher stance ahead. The trigger? A sharp 5.2 per cent year-on-year surge in headline inflation in March, up
        60 words
      • 36 9 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.
        36 words
      • 60 9 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 start retiring. This will pile considerable pressure on the working population and have stark implications for businesses as the country stares at a
        60 words
      • 54 9 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 volumes
        54 words
      • 71 9 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 the High Court
        71 words
      • 19 9 Gold continues to enjoy a shiny outlook... although near-term volatility makes short-term trading hazardous, analysts say BLOOMBERG
        BLOOMBERG  -  19 words
      • 65 9 SINGAPORE’S corporate governance standard has inched up, but there is still great room for improvement, this year’s Governance and Transparency Index showed. The mean score of all companies reviewed unveiled at the CPA Forum stood at 34.9 points out of a maximum of
        65 words
      • 52 9 RENEWED volatility in financial markets has put the focus on gold again, but the refuge of choice is itself on a bumpy ride. Gold continues to enjoy a shiny outlook amid strong demand trends, although near-term volatility makes short-term trading hazardous,
        52 words
      • 64 9 LAYOFFS rose a touch last year, due largely to more workers being axed in the services sector, even though there were fewer redundancies in other sectors. Against a bigger employment base, the overall number of workers for every 1,000 workers made redundant
        64 words
    • 67 9 NEXT WEEK April 30-May 4 US DATA April 30 March personal income May 1 March construction spending May 2 March factory orders May3 Q1 productivity preliminary May 4 April non-farm payrolls Unemployment rate SINGAPORE DATA April 30 March unemployment rate Q2 business expectations CHINA DATA May 1 April official purchasing
      67 words
  • Page 9 Miscellaneous
    • 330 9 Across 1 In goal blocking shot (6) 4 Northerner once seen flying along the track? (8) 10 Sportswear, and more feminine, belonging to us (4,5) 11 Important area around northern country (5) 12 Give ground in harbour (7) 13 Set of clothes still worn by deceased (7) 14 Notice about
      330 words
    • 14 9 SATURDAY with Ludwig ‘In 1978 your dad was what was then considered as macho
      14 words

  • THE RAFFLES CONVERSATION
    • 2305 10 / 11  -  Nestlé, the world’s biggest food company, embodies scale and purchasing power, and CEO Paul Bulcke has become adept at turning challenge into opportunity at every outpost. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg THE thing about helming a company that has a stake in the real estate
      YEN MENG JIIN  -  2,305 words

  • COMPANIES
    • 554 12  -  Rise of 16% from a year ago; performance exceeds all expectations By Siow Li Sen lisen@sph.com,sg Singapore DBS Group Holdings yesterday said Q1 net profit rose to a record $933 million, up 16 per cent from a year ago, and 28
      ST FILE PHOTO  -  554 words
    • 469 12  -  By Nisha Ramchandani nishar@sph.com.sg Singapore AURIC Pacific Group, which will see SMRT Corp’s former chief executive Saw Phaik Hwa come onboard as CEO in May, is banking on Ms Saw’s retail background to help strengthen the group’s food retail segment. “She was
      469 words
    • 543 13  -  Settlement agreement likely to be executed by May 9 By Joyce Hooi joyceh@sph.com.sg Singapore THE settlement agreement that will see Soup Restaurant Group’s parting from the Dian Xiao Er (DXE) chain of firms is expected to be signed
      543 words
    • 436 13  -  By Kenneth Lim kenlim@sph.com.sg Singapore SUNPOWER Group may now have to deal with an unhappy major shareholder after booting him out as executive director. Shareholders on Thursday voted against the re-election of company co-founder Li Lai Suo as executive director after the firm said that
      FILE PHOTO  -  436 words
    • 446 13  -  By Jamie Lee leejamie@sph.com.sg Singapore SOME shareholders at China Paper Holdings disagreed with the use of rights issues to raise $32.3 million for a power generation facility, noting that the company should take on debt instead, they told BT before a shareholders’ meeting yesterday.
      446 words
    • 1008 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent IT’S not often that a penny stock assumes the role of market leader, but that was the case this week when a significant portion of trading energies here was concentrated on JEL, a counter that a
      1,008 words
    • 230 14  -  By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL is set to recognise a gain of $118 million from the sale of its entire stake in Taiwan’s Far EasTone Telecommunications. The telco announced the sale of its 3.98 per cent stake in Far
      230 words
    • 246 14  -  By Michelle Tan michtyz@sph.com.sg Singapore IT LOOKS like the planned listing and initial public offering (IPO) of M&L Hospitality Trusts on the Singapore Exchange has been put on hold following a less-than-ideal book coverage outcome, according to a press release by its sponsor, Grandline International
      246 words
    • 375 15  -  Group steps up investments in transformational programme to drive future growth; proposes 2.5-cent final dividend By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Post (SingPost) saw net profit for the fourth quarter ended March 31, 2012 slide 17.4 per cent to $30.55 million due to
      375 words
    • 259 15  -  By Jamie Lee leejamie@sph.com.sg Singapore ELEKTROMOTIVE Group has taken action to freeze assets held by Christopher Pan, who was part of a consortium that sold assets injected into the company via a reverse takeover. Mr Pan, through his company, Calypso Holdings Investments, had sold
      259 words
    • 366 15  -  By Jasmine Ng jasng@sph.com.sg Singapore OFFICE landlord Singapore Land (SingLand) yesterday posted a 14 per cent jump in its first-quarter net profit to $55.48 million, mostly helped by increased unit sales and a higher completion rate at its Trizon project. As a result,
      366 words
    • 310 15  -  By Kenneth Lim kenlim@sph.com.sg Singapore THE days of being a groundbreaking initial public offering specialist are over for Asiasons WFG, directors told investors at the company’s annual general meeting yesterday. “We will be focusing more on the proprietary investments, private equity and
      310 words



  • Page 15 Advertisements
    • 241 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF FAIR FIELD PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****5230D) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 26 April 2012,
      241 words

  • FROM THE DESK OF
    • 916 16  -  A single bill and statement for multiple voice, data, media and content services paves the way for telcos to control costs and better serve subscribers with varying needs FROM THE DESK OF Steven Ch’ng Vice president and general manager sales, Asia Pacific Convergys Smart
      916 words

  • SINGAPORE
    • 375 17  -  Many projects win URA provisional permission in Q1 By Mindy Tan tanmindy@sph.com.sg SOME interesting projects received provisional permission from the Urban Redevelopment Authority in the first quarter of this year. In particular, Marina Centre Holdings received the go-ahead for its intended additions
      375 words
    • 220 17  -  By Arthur Lee arthurl@sph.com.sg SOME 7,000 cakes have brought cheer to Uzbekistani children born with facial deformities. A charity event held jointly by staff from the Ritz Carlton and Marriott netted $113,000 from the sale of the cakes for the Singapore chapter of
      ARTHUR LEE  -  220 words
    • 324 17  -  By Amanda Eber aeber@sph.com.sg ASIA is fast becoming the No 1 destination for those being posted overseas, according to a global study by professional services firm Towers Watson that was released yesterday. The study was conducted from September to March 2012 with more than
      324 words
    • 297 17  -  By Timothy Loh timloh@sph.com.sg THE PME (professionals, managers and executives) Job Network was launched yesterday. It is a collaboration between the Ministry of Manpower (MOM) and professional recruitment consultancy Robert Walters. The online portal will enable PMEs to look for and access employment opportunities in various
      297 words
    • 471 18  -  Integrated Tuas unit achieves 9% cost reduction in Q1 By Ronnie Lim ronnie@sph.com.sg RENEWABLE Energy Corporation’s (REC) flagship $2.5 billion Singapore integrated plant is holding its own the Norwegian group’s latest Q1 results show even as solar cell makers worldwide continue to bleed amid
      FILE PHOTO  -  471 words

  • Page 18 Advertisements
    • 54 18 mBUSlNESSW^ IP Morgan < T-- 1 ziS c-Cir to EMO con on ,J v Q IW Quotient _v ,Tf m Save almost 40% when you subscribe to The Business Times Sharelnvestor! Promotion ends 6 May 2012. Act now! To subscribe, please call 6388 3838 or email circs@sph.com.sg sph THE BUSINESS
      54 words

  • WORLD
    • 485 19  -  It warns of impact to region should exports fall and if foreign capital flows were reversed By Anthony Rowley btworld@sph.com.sg Tokyo WARNINGS about the dangers of a renewed slowdown in the eurozone, and the need for Asia to be
      485 words
    • 429 19 Bloomberg Vienna NOBEL Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent towards “suicide”. “There has never been any successful austerity programme in any large country,” Mr Stiglitz, 69, told reporters in Vienna
      Bloomberg; BLOOMBERG  -  429 words
    • 327 19 AFP Shanghai THE website of China’s flagship Communist Party newspaper made a stellar stock market debut yesterday as investors snapped up the first listed government news portal. People’s Daily Online operator of www.people.com.cn surged nearly 74 per cent from its
      AFP  -  327 words
    • 909 20 G20 finance ministers want IASB and FASB to fix single set of rules for investors by mid-2013 Reuters London FINANCE ministers from the world’s top 20 economies (G20) have given two global accounting bodies until mid-2013 to agree on a set of rules to
      Reuters  -  909 words
    • 589 21 Germany can’t make Europe’s decisions alone, says frontrunner in French presidential race Bloomberg Paris FRANCOIS Hollande, the frontrunner in the French presidential race, stepped up his opposition to Chancellor Angela Merkel’s belt-tightening solution to Europe’s crisis, saying Germany can’t steamroll the region. “It’s not for Germany
      Bloomberg; BLOOMBERG  -  589 words
    • 428 21 Bloomberg Reuters Kuala Lumpur MALAYSIAN protesters demanding fair elections plan to rally 100,000 people today without government permission in a test of Prime Minister Najib Razak’s pledge to allow greater freedom ahead of a national vote. Stocks fell as the Coalition for Clean and Fair
      Bloomberg; Reuters  -  428 words
    • 316 21 Bloomberg New Delhi INDIAN companies may delay share sales worth about 400 billion rupees (S$9.4 billion) after a government official said that the regulator plans to extend a deadline for owners to trim their holdings amid a market slump. The benchmark
      Bloomberg  -  316 words
    • 668 22 It is launching next week a new version of Galaxy smartphone which is already outselling iPhone Reuters AP Seoul SAMSUNG Electronics made a record US$5.2 billion profit in the first quarter, overhauling Nokia as the world’s top mobile phone seller, and its Galaxy smartphones outstripped
      Reuters; AP  -  668 words
    • 414 22  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur FELDA Global Ventures Holdings’ gross profit rose 9 per cent to RM2.1 billion in 2011, according to its draft prospectus which was released yesterday. FGVH, which is preparing for its initial public offering (IPO) in
      414 words
    • Briefing
      • 98 22 Bloomberg FrankfurtGermany’s Soffin rescue fund, which aided lenders including Commerzbank AG and HSH Nordbank AG during the financial crisis, posted a 13.1 billion-euro (S$21.5 billion) loss last year after taking part in Greece’s debt swap. Liquidity guarantees, which stood at 28.2 billion
        Bloomberg  -  98 words
      • 99 22 AFP Hong Kong Chinese banking giants the Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (AgBank) reported an increase in their first quarter net profit yesterday, boosted by growth in interest income. ICBC, the country’s biggest lender, said its net
        AFP  -  99 words
      • 79 22 AP Dearborn, Michigan Ford Motor said yesterday its net income fell by 45 per cent in the first quarter as European sales plummeted and the company paid higher taxes. Ford earned US$1.4 billion, or 35 cents per share, in the
        AP  -  79 words

  • Page 20 Advertisements
    • 53 20 MATS RECRUIT r i IE Singapore is looking for Regional Directors and Managers UOL Group needs a Property Manager Wearnes Automotive is hiring a Marketing Manager Pfizer Singapore requires a QC Laboratory Analyst KLATencor is seeking a Manufacturing Engineer (Robotics) Check out more than 500 jobs, including a feature on
      53 words
    • 46 20 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE BUKIT BROWN ROAD PROJECT WORTH THE TROUBLE? &82/; &2); .245 16 +4 4!8:1;+94;8 5!186 01); 3, 2)4;8+(4 .245 45;4!8:1;4;+*’ 4;64 &82/; 5"1)&+2$6 S ROUUJ ruKMCt zx. FIT FOR SPEED I HOW FI DRIVERS STAY I IN SHAPE "F, 3051 %)01 !!!*#.&$,004*&02(’0+-%$*)51"./0+$
      46 words



  • 8153 23 Transaction date: Apr 27 Transaction date: Apr 27 Transaction date: Apr 27 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 16.5 11.5 8Telecom 14cd 13.4 16 66.8 0.4 3.4 67 9.5 4 A-Sonic 5.3
    8,153 words



  • 1788 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 16.8 16 17.2 4.7 3.3 6.5 30 4.5 2.5 t AA Grp 3.3 3.4 4.3 3.2 165 39 t APStrategic
    1,788 words
  • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 34 86 35 2 16 5 36 102 40 Commerce 15 36 15 1 9 1 16 45 16 Tpt/Stor/Comms 13 20 8
    186 words
  • 829 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) OCBC 26-Apr-12 David Philbrick Conner *Buy 381 na 759 0.02 1140 0.03 Swing Media Tech 26-Apr-12 Hui
    829 words
  • 119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,837 17,837 58,776 58,776 Manufacturing 480,485 276,887 757,372 189,504 5,163 194,667 Commerce 655,467 54,513 709,980 158,000 2,708 160,708 Tpt/Stor/Comms 115,490 18,403 133,893 186,015 5,842 191,857 Finance 26,075 26,075 272,245 272,245 Construction 351,737 65,908 417,645 19,246
    119 words

  • MARKETS
    • 80 27 Apr 26 COCOA (£/tonne) Close Prev High/Low May 12 1498 1483 1503/1477 Jul 12 1508 1490 1512/1487 Sep 12 1496 1477 1500/1476 Dec 12 1486 1471 1490/1469 COFFEE(US$/tonne) Close Prev High/Low May 12 1984 2000 2008/1975 Jul 12 2011 2025 2038/2007 Sep 12 2014 2028 2039/2012 Nov 12 2004
      80 words
    • 69 27 Apr 27 GOLD(US$/oz) Apr 26 Apr 27 Hong Kong 1658.00 1661.00 Hong Kong Apr 25 Apr 26 London 1638.60 1655.50 1639.60 1656.25 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.84 38.19 Source: UOB PLATINUM/ Lon (US$/oz) Apr 26 Close Previous PM Fix 1555.00 1551.00 AM Fix 1559.00
      69 words
    • 57 27 Apr 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3501.0 3510.0 3502.0 3477.0 668 3935 Jun 12 3500.0 3516.0 3519.0 3495.0 1818 ***** Jul 12 3490.0 3500.0 3513.0 3483.0 ***** ***** Aug 12 3481.0 3484.0
      57 words
    • 90 27 Apr 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26-Jul-12 0.25 1-Year BY*****T 02-May-13 0.26 0.23 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 100.15 100.13 5-Year N*****0Z 2.375 01-Apr-17 108.89
      90 words
    • 154 27 Apr 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2892 1.2900 1.0383 1.0388 Canadian dollar 1.2608 1.2611 1.0154 1.0155 Euro 1.6370 1.6374 1.3185 1.3186 NZ dollar 1.0100 1.0108 0.8135 0.8140 Sterling pound 2.0100 2.0112 1.6189 1.6196
      154 words
    • 112 27 As on 26 April 2012 www.smx.com.sg PRODUCT PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1661.40 1645.40 1660.60 182 CURRENCY AUD-USD FUT JUN2012 1.0332 1.0305 1.0336 1210 EUR-USD FUT JUN2012 1.3265 1.3201 1.3240 3222 BASE METAL COPPER FUT MAY2012 8312 8144 8294
      112 words
    • 103 27 Apr 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 12 1481.25 1473.50 1481.50 1463.00 Jul 12 1480.25 1476.00 1483.00 1463.50 Aug 12 1453.25 1458.00 1463.50 1445.50 Sep 12 1402.25 1411.00 1411.75 1395.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low May 12 55.37 55.65 55.75 55.03
      103 words
    • 74 27 Apr 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 119.87 1.76 WTI (Near Mth) 104.57 0.53 Dubai (1-Mth F) 115.95 0.57 Tapis blend 125.66 0.84 Minas 125.66 0.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.67 -0.11 Jet Kerosene 132.80 0.37 US$/barrel OpecOil Basket Price 117.14
      74 words
    • 118 27 Apr 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.256 Can dollar 1.29 1.229 Euro 1.678 1.599 Sterling pound 2.047 1.969 NZ dollar 1.039 0.99 US dollar 1.26 1.212 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • 69 27 Apr 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2046.50 2029.25 3 months 2086.00 2071.00 Copper, Grade A (US$/tonne) Cash 8454.00 8304.00 3 months 8320.00 8205.00 Lead (US$/tonne) Cash 2115.00 2079.50 3 months 2122.00 2091.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 26 Index Change Change Change Change Change Change World Preliminary 899.5 0.1 8.4 0.0 4.4 0.3 9.1 EAFE Preliminary 723.2 0.1 6.0 0.3 2.5 0.6 7.1 Europe Preliminary 1064.2 0.1 3.7
      373 words
    • Article, Illustration
      2 27
      2 words

  • PERSPECTIVE
    • 1125 28 / 29  -  Can change only come about by returning to the lost paradise of the past as opposed to dealing with the real challenges of the future? Leon Hadar Washington correspondent ONCE upon a time there were two presidential candidates running for office on platforms of “change”. Big
      BLOOMBERG  -  1,125 words
    • 970 28 / 29  -  By Mark Dixon ~The writer is CEO and founder of Regus, a provider of flexible workplaces ‘IT’S not what you know, it’s who you know.’ So goes the old adage, and it’s true that in business, personal relationships usually count for more than specialist knowledge.
      970 words

  • Wealth30
    • wealth investing
      • 956 30 / 31  -  Very good financial advisers will climb up and go on to do even better; they may do more for less but their customer base will grow even further Genevieve Cua gen@sph.com.sg Personal Finance Editor BIG changes are in the offing for insurance and financial advisers as
        STOCK.XCHNG  -  956 words
      • BROKERS' TAKE
        • 392 30 / 31 Maybank Kim Eng Research April 27 Close: $0.27 GLOBAL Premium Hotels (GPH) is a hotel chain operator in Singapore. It owns and operates 22 budget hotels under the Fragrance brand and a mid-tier hotel under the Parc Sovereign brand. Together, the 23 hotels offer 1,738 rooms. Why
          392 words
        • 427 30 / 31  -  Compiled by Joyce Hooi Sell DMG Partners Research April 27 Close: $1.20 BUILDING new business units to reduce heavy reliance on shipbuilding. We attended the recent results briefing and came away with an unchanged view that: the shipbuilding outlook remains poor and shipyards are likely to get
          427 words
      • 1066 32 The dichotomy of market returns that may not accurately reflect the underlying economy poses a problem, both for professional money managers and investors NYT ‘THE test of a first-rate intelligence is the ability to hold two opposed ideas in the mind
        NYT; BLOOMBERG  -  1,066 words
      • 1218 33  -  Local shareholders should be more vocal in seeking clarification and justification for companies’ decisions SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder Executives’ pay is back in the limelight. Two weeks ago, shareholders of Citigroup refused
        Compiled by BT  -  1,218 words
    • WEALTH REAL ESTATE
      • 1011 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 28 AND APRIL 3, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 28/03/2012 99 527 1165 2210 District 4 NON-LANDED Skyline Residences Apt 28/03/2012
        1,011 words
      • 278 35  -  Accolades are given at the Asia Pacific Property Awards 2012 By Lim Wei Sheng limwsg@sph.com.sg Singapore A MARINA South development by M+S Pte Ltd has obtained three accolades at the Asia Pacific Property Awards 2012. The mixed-use development, which comprises office, residential and
        278 words
      • 1034 35 Bloomberg London ELENA Baturina, for many years Russia’s only known female billionaire, is prowling for real estate opportunities in Europe and the US as she seeks to expand her property empire in exile. Ms Baturina, 49, who began building her fortune manufacturing
        Bloomberg; BLOOMBERG  -  1,034 words





  • Page 36 Advertisements
    • 145 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND
      145 words

  • Page 1 Advertisements
    • 60 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 28-29 2012 GUEST CHEF Marco Pierre WhiteL6-7 HAWKER CENTRED An emerging wave of Gen X hawkers are adding a new dimension to Singapore's street food scene L2-5 DESIGN Designing the good life L11-13 GADGETS Monster moves L17 HOME GARDEN Home sweet boathouse L14-15 TRAVEL Glamping
      60 words

  • BT Living
    • DINING
      • Article, Illustration
        3812 2 / 3  -  Don’t sound the death knell for traditional hawkers just yet. An emerging wave of hawkers are adding a new profile to the street food scene and they’re not the trendy sorts serving duck confit out of a coffeeshop nor ageing uncles hunched over the stove. They’re passionate, educated
        ARTHUR LEE; YEN MENG JIIN  -  3,812 words
      • 1551 6 / 7  -  Marco Pierre White talks about bringing back the romance in dining. guest chef By Debbie Yong debyong@sph.com.sg IT must be hard work living up to the reputation of being one of the world’s most terrifying chefs. Except, perhaps, when you aren’t. Terrifying, that is. In person
        PHOTO COURTESY OF UNILEVER  -  1,551 words
      • 890 6 / 7 wine&dinewith BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore, 333 Orchard RoadZ6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu features
        890 words
    • TRAVEL
      • Article, Illustration
        1211 8  -  The glamping trend is raging hot globally right now, but is it a phenomenon that will anchor well in Singapore? Debbie Yong finds out Debbie Yong debyong@sph.com.sg CAMPING is a little like durian there are those who love it and those who absolutely abhor it. But for those
        YEN MENG JIIN  -  1,211 words
      • Article, Illustration
        670 9  -  Looking to pitch further afield? Here’s where you can be a happy glam per. By Debbie Yong By Debbie Yong Cambodia 4 Rivers Floating Lodge Emerging from Cambodia’s turbulence past is the peaceful 4 Rivers Floating Lodge, which sits on a sleepy meander along the Tatai river, a
        670 words
      • 455 10  -  All the equipment you need to survive your time outdoors. By Rachel Loi rachloi@sph.com.sg Suunto Ambit Watch ($1039) (available at Adventure 21) Check out the recently launched Suunto Ambit Watch created by the Finnish outdoor gear company, Suunto. This nifty all-in-one device not only tells the time,
        455 words
    • DESIGN
      • 1118 11  -  There are less of the flashy new offerings at this year’s Milan furniture trade fair. Rather, the focus is on down-to-earth shapes and safe re-releases plus the innovative ways of young emerging designers. By Lim Sio Hui btnews@sph.com.sg IF the new releases at this year’s Milan
        LIGNE ROSET AND KARTELL PHOTOS BY LIM SIO HUI  -  1,118 words
      • 602 12 / 13  -  Lim Sio Hui looks at the highlights of the Milan Furniture Fair Lim Sio Hui 1IN-EIOrigami meets technolo g y i n t h i s se r i es o f free-standing table and hanging LED lamps designed by the Japanese fashion designer Issey Miyake in
        602 words
    • HOME & GARDEN
      • 1157 14 / 15  -  Resort builder Kevin Hill knows exactly what floats his boat: a luxe three-level villa christened the Nautique, complete with Jacuzzi and chi-chi bedrooms, baths and lounges. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg IMAGINE living in a villa over water, but with the ability to move it
        PHOTOS: KEVIN HILL; CHEAH UI-HOON  -  1,157 words
    • SPORTS
      • 675 16  -  DHL Express Singapore managing director Herbert Vongpusanachai will always be supportive of Manchester United no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent HERBERT Vongpusanachai gives all the credit to his 10-year-old son for influencing him to support Manchester United, the current Barclays Premier League (BPL) champions.
        675 words
      • 488 16  -  take off with Colette Wong SKATEBOARDING used to be so simple. You balanced one foot on the board and pushed with the other. Or you could start at the top of a slope and ride down it. Your mission was to just stay on the board
        488 words
    • GADGETS
      • Article, Illustration
        437 17  -  Monster launched three of its latest headphone designs in Singapore yesterday, ahead of even its US and global campaigns, reports Christopher Lim Christopher Lim limchris@sph.com.sg IN the world of fashion where last season’s goodies are old news, being first is everything and Monster’s never been shy about making
        437 words
      • 324 17  -  By Christopher Lim MONSTER is one of the most visually distinctive headphone brands but when Taiwanese phone manufacturer HTC bought a majority stake in Beats Electronics a name that’s been closely associated with Monster in August last year for US$300 million, confusion ensued and the
        324 words
    • MOTORING
      • 582 18  -  The new Suzuki Swift Sport is a credible product worthy of the original Swift spirit. By Samuel Ee samuelee@sph.com.sg AS one of the defining models of the Suzuki brand since the 1980s, the Swift story was interrupted when it morphed into the Ignis about a dozen years
        582 words
      • Article, Illustration
        569 19  -  With its spacious cabin and zero exhaust emissions, the Nissan Leaf is a car for the modern family. By Samuel Ee samuelee@sph.com.sg THE Nissan Leaf has arrived but it need not be silently. This groundbreaking electric vehicle (EV) has a sound generator and through a speaker in the
        569 words
      • 571 20  -  The latest update of the Ford Mondeo has more horses and torque, and the power delivery has also changed. By Samuel Ee By Samuel Ee samuelee@sph.com.sg A YEAR after its looks were refreshed and its engine reworked, the Ford Mondeo gets a further tweak for 2012. This time,
        571 words





  • Page 10 Advertisements



  • Page 14 / 15 Advertisements
    • 258 14 / 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
      258 words

  • Page 16 Advertisements
    • 32 16 ~Colette Wong is a SportsCenter presenter on ESPN (mio TV Ch 114) every weekday at 7.30pm. Catch the KIA X Games Asia on ESPN, online on ESPN Player and on Mobile ESPN.
      32 words

  • Page 17 Advertisements
    • 32 17 HOME NEE S "Honey, this is an accident waiting to happen." To find out more, turn to CLASS 96 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
      32 words