The Business Times, 5 March 2013

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Total Pages: 49
1 20 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, March 5, 2013
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  • 866 1  -  End of tax incentive latest setback for a business that’s struggling to make headway By SIOW LI SEN [SINGAPORE] While Malaysia continues powering ahead in Islamic finance, which is based on ethical principles and bans interest, Singapore seems to have given up the
    PHOTO: BLOOMBERG  -  866 words
  • MARKETS DIGEST
    • 65 1 HST INDEX 3,239.95 (-29.55) HST INDEX FUTURES 3,234.00 (-30.00) HSIMSCI 364.83 (-3.45) HSIMSCI FUTURES 365.20 (-3.60) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.503 1.874 EURO (US$/S$/€ 1.301 1.622 Foreign currency per US$ S$ YEN 93.40 74.90 RM 3.108 2.492 HK$ 7.757 6.221 BAHT 29.84 23.93 RUPIAH
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    • 48 1 Monday Change KL COMP 1,635.98 -1.46 NIKKEI 225 11,652.29 +45.91 HANG SENG 22,537.81 -342.41 SET INDEX 1,540.72 +1.12 JAKARTA COMP 4,761.46 -50.15 MANILA COMP 6,637.56 -4.71 SEOUL COMP 2,013.15 -13.34 SHENZHEN B 815.58 -34.12 MUMBAI IND 18,877.96 -40.56 11am EST Change DOW 14,056.02 -33.64 NASDAQ 3,166.00 -3.74
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    • 21 1 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 5.00 TAIWAN 13.249 TAIWAN 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • 536 1  -  PMI falls back into contraction, even as electronics PMI rises By TEH SHI NING [SINGAPORE] The manufacturing recovery in Singapore continues to sputter, despite an improvement in the key electronics sector, going by the purchasing managers’ index (PMI) for February. The barometer of
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  • Page 1 Advertisements
    • 453 1 PROPERTY Guthrie picks up 2HR PAGE 30 COMPANIES Suit against SP Ausnet over bushfire begins PAGE 4 SME Inc Chew’s shells out to boost farm productivity PAGE 10 PRODUCTIVITY MATTERS Increasing value-added services PAGE 12 Capital preservation is key to any businessman, but staying in cash apart from the amount
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  • TOP STORIES
    • 576 2 S’pore’s Islamic finance dream is fading fast WHILE Malaysia continues powering ahead in Islamic finance, Singapore seems to have given up the ghost. At least one leading player has already exited the retail Islamic finance market here to focus on Malaysia. And now a key tax incentive for
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    • 496 2  -  By PAULINE NG in Kuala Lumpur WITH tracts of palm oil plantation land in Sabah cordoned off in the stand-off between Malaysian armed forces and armed insurgents, concerns have surfaced that planters could suffer a disruption in earnings if the nearly-month-long siege
      PHOTO: AFP  -  496 words
    • 162 2 Reuters [LONDON] HSBC handed a £7.4 million (S$ 13.8 million) pay package to chief executive Stuart Gulliver for 2012, the bank said in its annual report. Europe’s biggest bank said its five best-paid employees earned a total of £27.8 million in 2012, including
      Reuters  -  162 words
    • 735 2 2012 earnings slip to US$20.6b; profit in HK, US surges, Europe posts loss Bloomberg [LONDON] HSBC Holdings Plc, Europe’s largest bank by market value, said profit fell 5.6 per cent after a record settlement for an-ti-money-laundering sanctions in the US and a charge
      Bloomberg  -  735 words
    • 784 2  -  BOJ nominee also promises no limits on cash pumped into economy By ANTHONY ROWLEY in Tokyo ASIAN Development Bank president Haruhiko Kuroda, Tokyo’s nominee for the post of Bank of Japan (BOJ) governor, yesterday attempted to burnish his credentials as an
      PHOTO: AP  -  784 words
    • 680 3  -  Discussion issues include retirement funds, growth and foreign workers By NISHA RAMCHANDANI [SINGAPORE] Aside from the economic front, an equally important facet to consider is the social aspect, said panellists discussing the Population White Paper at an Economic Society of Singapore forum yesterday. “We
      PHOTO: YEN MENG JIIN  -  680 words
    • 464 3  -  PTC ups penalties by up to 20 times for breach of standards By SAMUEL EE [SINGAPORE] The Public Transport Council (PTC) has raised the penalty for not meeting bus Quality of Service (QOS) standards by up to 20 times to show that it
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  • Page 2 Advertisements
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  • COMPANY NEWS
    • 864 4  -  Class action alleges that fallen conductor ignited fire By MICHELLE QUAH THE class action lawsuit brought against SP AusNet, a publicly listed unit of Singapore Power, for the alleged part that it played in “Black Saturday” a series of catastrophic bushfires that claimed
      PHOTO: BLOOMBERG  -  864 words
    • 367 4  -  By ANDREA SOH SINGAPORE investment company Temasek has bought a further 5 per cent stake in Spain’s largest oil and gas company, Repsol, deepening its investments in energy and natural resources. It paid 1.036 billion euros (S$1.68 billion) for the 64.7 million
      367 words
    • 286 4  -  By CARINE LEE CONSTRUCTION group BBR Holdings (S) Ltd secured $61.6 million worth of new contracts between last November and January this year. The Singapore-listed firm said the jobs include the construction of the prestigious Dulwich College in Singapore and a number of structural
      286 words
    • 532 5  -  LIM Advisors urges shareholders to reject bid to revise fee restructure By ONG CHOR HAO A GROUP of minority shareholders behind a failed boardroom reshuffle at Macquarie International Infrastructure Fund (MIIF) has rejected the company’s proposed revision to its management fee structure. LIM Advisors,
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    • 256 5  -  By NISHA RAMCHANDANI PHILEO Capital will be making a general offer for the remaining shares in HSR Global, after acquiring a 66 per cent stake in the company. Phileo Capital has agreed to buy 65 million shares in a married deal at $0.21 per
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    • 553 5  -  Room to compress another 0.4-0.6 percentage point By ONG CHOR HAO YIELDS for Singapore real estate investment trusts (S-Reits) could compress further over the year despite rising benchmark bond yields and expectations of muted growth, according to Citi Research. In a report dated March
      Sources: Company reports, Bloomberg, Datastream and Citi Research  -  553 words
    • 501 5 Bloomberg [LOS ANGELES] Genting Bhd, South-east Asia’s largest casino operator, will buy and complete Boyd Gaming Corp’s unfinished Echelon resort in Las Vegas, a sign of renewed confidence in the city’s economy. Genting will pay US$350 million in cash for the
      Bloomberg  -  501 words
    • 3084 7 NET PROFIT TURNOVER COMPANY CURRENT PREVIOUS CURRENT PREVIOUS CHANGE TURNOVER CHANGE S$m S$m 1 OCBC Bk 3,993.00 2,312.00 72.7 7,961.00 5,661.00 40.6 2 DBS Grp 3,809.00 3,035.00 25.5 8,514.00 7,631.00 11.6 3 UOB 2,803.00 2,327.00 20.5 6,495.00 5,699.00 14.0 4 Keppel Corp 2,237.30 1,945.77
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    • 404 8  -  It buys 94.25m shares from Tetrad for about $105.6m, or $1.12 a share By TEO SI JIA AS EXPECTED by market watchers, PT Indofood Sukses Makmur has raised its stake in China Minzhong Food Corporation. China Minzhong, a Sin-gapore-listed Chinese vegetable processor, said that Indofood
      PHOTO: BLOOMBERG  -  404 words
    • 446 8  -  By CAI HAOXIANG RESCUED by a giant Chinese fruit juice producer, New Lakeside Holdings, an apple juice concentrate maker with a troubled past, resumes trading on Catalist today. It has swung back to the black in its latest financial results, had its debt restructured
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    • 354 8  -  By JOYCE HOOI THE SGX FTSE China A50 Index Futures has pulled further ahead of its peers. Over the past year, the contract has tripled in volume and open interest, Singapore Exchange (SGX) said last Friday. It is now the
      PHOTO: REUTERS  -  354 words
  • Page 4 Advertisements
    • 233 4 CONGRATULATIONS ON THE SUCCESSFUL RESUMPTION OF TRADING ON SGX-ST CATALIST AND CHANGE OF COMPANY NAME FROM NEW LAKESIDE HOLDINGS LIMITED TO eg?© 1 M m HONGXIN Fruit and Juice Limited BEST WISHES FROM 4} SDICZL SDK SEJFSSS&3 stone Forest Corporate Advisory V 3F Virtus Pte Ltd STATE DEVELOPMENT INVESTMENT CORP.
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  • Page 5 Advertisements
    • 141 5 //;s 2 The 19 th Edition mfa THE PRECISION 2013 ENGINEERING INDUSTRY EVENT HELD ALONGSIDE: METROLOGY ASIA20I3 www.mta-asia.com BEHB BfJ 9-12 April 2013 Singapore Expo Tuesday-Friday 10.30am-6.00pm With growing demand for fully integrated capabilities in highly-complex industry verticals, MTA2013 gathers innovative technologies and cost effective solutions while optimising resources to
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  • SINGAPORE MARKETS
    • 590 6  -  Market also affected by drop in the Hang Seng in the wake of China property curbs STOCKS R SIVANITHY Senior Correspondent PROPERTY cooling measures in China yesterday sent the Hang Seng Index sliding 1.5 per cent, taking with it the Straits Times Index which
      Source: Bloomberg  -  590 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 14 0 0 0 0 2 14 0 Manufacturing 14 115 29 3 18 8 17 133 37 Commerce 8 48 12 1 9 0 9 57 12 Tpt/Stor/Comms 3 35 5
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    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 69,114 69,114 72,647 72,647 Manufacturing 784,645 737,724 1,522,369 267,080 27,849 294,930 Commerce 559,534 63,936 623,470 147,042 3,753 150,796 Tpt/Stor/Comms 130,897 17,208 148,105 180,034 6,351 186,385 Finance 57,398 885 58,283 208,652 407 209,059 Construction 391,987 213,004
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    • 113 6 Stock name Close Change CapMallsAsia 2.030 -0.040 CapitaLand 3.720 -0.140 CapitaMall 2.090 -0.030 CityDev 11.150 +0.020 ComfortDelGro 1.900 -0.040 DBS Grp 14.980 -0.170 F&N 9.440 GLP 2.520 -0.030 Genting SP 1.520 -0.035 Golden Agri 0.605 -0.025 HK Land 7.560 -0.050 IHH Healthcare 1.360 +0.005 JMH 63.690
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    • 73 6 Mar 4 VALUE CLOSE BT OB/OS -849.00 -378.00 BT CADI -*****.00 -373.00 BT 10-day MA -*****.00 -85.00 FTSE ST Mid Cap 803.24 -10.81 FTSE ST Small Cap 554.93 -11.20 FTSE ST All Share 797.79 -8.34 FTSE ST China Top 219.08 -5.71 FTSE ST China 251.31 -4.15 FTSE
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    • 54 6 VOLUME IPCO Intl 250,464,000 Golden Agri 217,739,000 YHM 212,352,000 Cedar 211,253,000 LifeBrandz 168,565,000 MDR 124,426,000 Enviro-Hub 104,210,000 Equation 103,637,000 NexGenSCom 85,791,000 Thai Beverage 74,545,000 VALUE($) Golden Agri 133,165,740 DBS Grp 104,628,823 CapitaLand 84,491,300 GLP 73,386,820 SingTel 71,277,710 UOB 51,077,023 Noble Grp 49,087,240 Thai Beverage 43,463,485 Wilmar 37,393,890
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    • 815 6  -  Compiled by LYNN KAN Ezion Holdings Mar 4 close: $1.935 OSK Research, March 4 EZION made several key announcements in the past two days. Ezion secured a US$45.3 million letter of intent from a South-east Asian national oil company to provide a liftboat for two years from Q3
      Source: Bloomberg  -  815 words
    • 621 6 CURRENCIES Reuters [LONDON] The euro fell against the dollar yesterday as a stream of weak eurozone economic data in recent days fuelled speculation that the European Central Bank could cut interest rates sooner than previously expected. Although a Reuters poll last week
      Reuters; PHOTO: REUTERS  -  621 words
    • 117 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 141.5 0.6 Hyflux 6% CPS 10 ***** 69.0 0.6 DBXT MSTHAI 10US$ 2251 57.3 2.1 DBXT MSJAP 10US$ 3995 36.2 0.7 JSH 3880 26.2 0.5 UOB 1928 13.0 0.7 DBXT MSINDO 10us$ 1705 12.5 0.6 IS ASIA BND 100S$D 1338
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    • 121 6 BY CENTS CLOSE DOWN JMH 6369 -226.9 -2.8 DBXT MSEurope 10US$ 4860 -219.4 -3.5 DBXT Nifty 10US$ ***** -216.9 -1.6 SPDRS S&P 500 10US$ ***** -215.6 -1.1 Lyxor MS India 10US$ 1336 -96.0 -5.4 Jardine C&C 5120 -77.0 -1.5 DBXT FTVietnam 10US$ 2469 -76.0 -2.4 STXPO 100 520 -60.0
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    • 5 6 DAILY
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  • Page 8 Advertisements
    • 189 8 www.stjobs.sg 600,000 jobseekers Kl r Hire Mr Right. (h.i\ \r\'j JM CROSS Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 STJOBS No.1 Download our Apps: Hire your ideal employee through STJobs. You can't go wrong when the system is so right: Effective coverage Reach out
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  • SINGAPORE NEWS
    • 491 9  -  JTC hopes to launch engineering tender for the 300,000 cu m VLFS this year By RONNIE LIM SINGAPORE looks set to finally embark on its first floating oil storage terminal. The move comes as the first underground caverns at the $8 90 million first-phase
      491 words
    • 617 9 Premium for arabica narrows as demand for robusta soars Reuters ASIA’S thirst for coffee is changing the shape of the market as demand for cheaper robusta beans dramatically outpaces that of arabica, tightening the price difference between the two varieties. Arabica coffee
      Reuters  -  617 words
    • 326 9  -  Employees’ union starts body, offers training to those in real estate industry By MARIA MALA YOGALINGAM THE Real Estate Professionals’ Chapter, launched by the Singapore Industrial and Services Employees' Union (SISEU), has been established to address the needs and professionalism of the real estate industry. The
      326 words
    • 577 9  - Rajah Tann named Singapore law firm of the year by Chambers Asia-Pac Davinder Singh is star individual for third year running By MICHELLE QUAH RAJAH Tann (R&T) one of Singapore’s Big Four law firms, with an increasing regional presence has been named the Singapore law firm of the year by
      FILE PHOTOS  -  577 words
    • 357 9  -  By LEE MEIXIAN JETSTAR Asia, the budget unit of Qantas, will add six more weekly flights between Singapore and Perth from next month, boosting its capacity by an extra 2,000 seats per week to about 4,500. However, taking into account
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  • Page 9 Advertisements
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  • SME Inc
    • 910 10  -  The company, which specialises in the production and sale of ‘designer’ eggs, has turned to automation and improved its processes to mitigate its manpower crunch. By JASLENE PANG ByJASLENE JASLENE PANG CHEW’S Group, which produces designer eggs on its 20-hectare farm, is investing
      ST FILE PHOTO; PHOTO: CHEW/S  -  910 words
    • 964 11  -  Five common-sense ways of generating qualified leads COMMENTARY By ANOL BHATTACHARYA The writer is CEO of GetIT Comms, a company that develops and implements marketing solutions for technology companies LEAD generation is the process where businesses proactively create and nurture the interest of a prospective customer.
      PHOTO: REUTERS  -  964 words
  • Page 10 Advertisements
    • 50 10 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE: ;0< B0 !B84/ 0@B $#07 BC-107%-BABA04 )#0B-1BA4" 60@# 107%846,! A4B84"A59-8!!-B! 9A=-=40<(C0< 84/ 1#-8BA?-8%%9A18BA04! 2C8B B0 A4?-!B A4& "0?-#47-4B 504/!* @4AB B#@!B! 0#’’’ >C0%C0@!-!& :C-4-< 0$$A1-!3 .8=A4" 8 70?-& :CA4"! B0 =40< 5-$0#-#-9018BA4" 0?-#!-8!
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    • 65 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
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  • Page 11 Advertisements
    • 121 11 With PRISM. our employees learnt how to get more out of our high-performance machines and output increased 33 by 25% JEFFERY FOO GENERAL MANAGER (SALES MARKETING), STREAM PEAK INTERNATIONAL PTE LTD PRISM helped Singapore’s largest desiccant convertor, Stream Peak International Pte Ltd, discover that its highperforming machines were under-worked. It
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  • PRODUCTIVITY MATTERS
    • 1241 12  -  PricewaterhouseCoopers has implemented several initiatives to raise the productivity of its staff, ACCOUNTANCY reportsLYNN LYNN KAN PRICEWATERHOUSECOOPERSmay be one of the big boys in the accountancy sector but it, too, is feeling the pinch of higher business costs in Singapore. “Like many businesses around, there is a
      1,241 words
    • 1242 12  -  By TEH SHI NING THERE are times when things have to get worse before they get better. Helmi Talib, the managing partner of accountancy practice Helmi Talib Co came to know this first hand when his firm rolled out new software systems and changed
      PHOTO: ARTHUR LEE  -  1,242 words

  • MALAYSIA/INDONESIA
    • 683 13 Blending tax credit for alternative fuels re-opens shipments of palm biodiesel Reuters [SINGAPORE] A blending tax credit for alternative fuels has helped re-open the way for shipments of palm biodiesel to the United States, giving top producers Indonesia and Malaysia an
      Reuters  -  683 words
    • 376 13 [KUALA LUMPUR] Berjaya Corp Bhd (BCorp) and its founder, Vincent Tan, may list five companies this year, mostly in Singapore, to raise over RM2 billion (S$802.6 million), sources said. BCorp will look to list Sports Toto Malaysia Trust (STM-Trust) and
      376 words
    • 397 13 Bloomberg [KUALA LUMPUR] MISC Bhd, the world’s sec-ond-largest liquefied natural gas shipper, gained in Kuala Lumpur after its biggest minority shareholder said it wants Petroliam Nasional Bhd (Petronas) to raise its buyout price. The stock advanced as much as 2.1 per
      Bloomberg  -  397 words
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  • GREATER CHINA/INDIA
    • 978 14 Time-table approach to go; reforms to be tied to rising foreign demand for yuan Reuters [BEIJING] China is set to use swelling offshore holdings of its tightly managed currency worth around one trillion yuan (S$200 billion) to justify a landmark shift in
      Reuters; PHOTO: REUTERS  -  978 words
    • 680 14 But such a move risks exacerbating a dramatic slowdown Reuters [NEW DELHI] Staking his credibility on meeting a def-icit-cutting target, Indian Finance Mi n i s t er P Chidambaram is likely to be forced to scale back spending in the upcoming fiscal
      Reuters  -  680 words
    • 359 14 Reuters [MUMBAI] India’s budget for the next fiscal year offers a “realistic” plan to meet the country’s fiscal deficit target, and should be a credit positive for its sovereign ratings, Moody’s Investor’s Service said in a report yesterday. India’s fiscal consolidation plans could pave
      Reuters  -  359 words
    • 496 14 Reuters [BEIJING] China is likely to split its sprawling, scan-dal-plagued Railways Ministry into operations and commercial arms, two sources said, part of an overhaul of the bureaucracy as a new set of leaders takes charge in Beijing. The government is also likely to set
      Reuters; PHOTO: REUTERS  -  496 words
  • Page 14 Advertisements
    • 216 14 InvestorRelationsHighlights Yanlord Land’s full-year profit climbs 23.0% to RMB1.823 billion High-end residential developer Yanlord Land Group Limited announced that its FY2012 net attributable profit rose 23.0% to RMB1.823 billion. Despite pricing pressure from austerity measures in China, continued buyer support drove Yanlord’s full-year revenue up 14.6%to RMB10.3 billion. Gross margins
      216 words
    • 62 14 T PROPERTY M BOAT quay A DC A r. y. Foreign"? Sc, MRT L 999 yrs X R J Clty hal1 n W Jt W °8 N i 2 s C f°Z°T m pT H M2 ra?in g C ,U *£S FOR SALE Check this and many other properties in
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  • ECONOMY WATCH
    • 971 15 Corporate profits and stocks continue to rise even as job market is stagnant NYT [NEW YORK] With the Dow Jones industrial average near a record high, the split between the fate of American workers and the companies that employ them is becoming entrenched
      NYT; PHOTO: BLOOMBERG  -  971 words
    • 625 15 Investors reassured by proposals to fix pension system Bloomberg [NEW YORK] Puerto Rico debt is set to extend its longest rally in a year as proposals to fix a pension system on the brink of insolvency encourage investors that the US commonwealth
      Bloomberg  -  625 words
    • 873 15 AP [WASHINGTON] The White House and Republican congressional leaders offered no tangible proposals for rolling back automatic spending cuts that will slash US$85 billion from the federal budget. Each side cast blame on the other on Sunday for the automatic, across-the-board
      AP; PHOTO: AFP  -  873 words
    • 617 15 Central bank seen keeping a record-matching low of 3% at its meeting today Reuters [SYDNEY] Australian job advertisements have enjoyed the biggest rise in almost three years while approvals to build new houses increased by the most in eight months, further hints
      Reuters  -  617 words

  • WORLD
    • 797 16 Fourth major asset sale this year aimed at avoiding fifth straight annual loss Bloomberg [TOKYO] Sony will sell its entire stake in social-game website operator DeNA Co, the electronics maker’s fourth major asset sale this year as it tries to avoid a
      Bloomberg  -  797 words
    • 922 16 AP [BELGRADE, Serbia] Women in the Balkans are leading a political revolution. Historically given little say in the politics of the conservative region, they are increasingly taking top leadership posts, signalling that the traditional rules are changing as Balkan countries
      AP; PHOTO: AP  -  922 words
    • 418 16 Reuters [CAIRO] The US said on Sunday it would give Egypt US$190 million in budget aid after Egyptian President Mohamed Morsi promised to take the painful economic reforms needed to secure an IMF loan. US Secretary of State John Kerry announced
      Reuters  -  418 words
    • 322 16 AFP [LONDON] Britain’s 86-year-old Queen Elizabeth II spent Sunday night in hospital after being admitted for the first time in 10 years as a precautionary measure against the symptoms of gastroenteritis. A Buckingham Palace spokesman said the monarch’s planned visit to Rome this week had been
      AFP  -  322 words
    • 762 17 CEO says the lender is in gradual recovery as Irish economy stabilises Reuters [DUBLIN] Bank of Ireland said there were signs that a firmer Irish economy in the second half of 2012 continued into this year, after it posted a better-than-expect-ed 40 per cent
      Reuters; PHOTO: BLOOMBERG  -  762 words
    • 645 17 5-Star Movement to support new govt or return to polls Reuters [ROME] Italy could be inching closer towards another election within months after centre-left leader Pier Luigi Bersani issued an ultimatum to anti-establish-ment 5-Star Movement boss Beppe Grillo to support a new
      Reuters  -  645 words
    • 562 17 Bloomberg [MADRID] Spanish jobless claims slowed in February, lending support to the government’s view that the country has overcome the worst of a six-year slump. The number of registered unemployed in the euro region’s fourth-largest economy rose by 59,444
      Bloomberg  -  562 words
    • 422 17 Swiss referendum puts focus on executive salaries Bloomb erg [BERLIN] Germany’s opposition hailed a decision by voters in neighbouring Switzerland to introduce fresh curbs on manager compensation, raising pressure on Chancellor Angela Merkel to adopt her own tougher rules on executive pay.
      Bloomberg  -  422 words
    • 338 17 AFP [RIGA, Latvia] Latvia yesterday signed its formal bid to join the troubled eurozone, with plans to ask the European Commission to assess its euro-readiness in Brussels today. Prime Minister Valdis Dombrovskis, Finance Minister Andris Vilks, and central bank governor Ilmars Rinkevics signed
      AFP; PHOTO: REUTERS  -  338 words
    • 241 18 Bloomberg [LONDON] Heineken NV, the world’s biggest brewer, more than doubled chief executive officer Jean-Fran-cois Van Boxmeer’s remuneration in 2012 as it awarded him one-time share bonuses worth 4 million euros (S$6.5 million). Mr Van Boxmeer’s total remuneration rose to 8.17 million euros, Bloomberg
      Bloomberg  -  241 words
    • 696 18 Cautious sentiment prevails as commodity markets sense slowdown Bloomberg [NEW YORK] Investors cut wagers on a rally for commodities to the lowest in almost four years and pulled a record US$4.23 billion from funds last week as prices erased this
      Bloomberg  -  696 words
    • 463 18 Bloomberg [LONDON] UK retailers are pushing for changes to the tax system so that high street stores aren’t at a disadvantage to online sellers. “We’ve got a 19th-centu-ry tax base whereby space and people get taxed and digital activity doesn’t,” British Retail
      Bloomberg  -  463 words
    • 508 18 They are opposed to govt plan to cut intervention price Reuters [BANGKOK] Thai farmers vowed yesterday to stage a major protest after the government signalled it was weighing a plan to cut rice intervention prices by a tenth, in another sign that the state could
      Reuters; PHOTO: BLOOMBERG  -  508 words
    • 431 18 AFP [TOKYO] Prime Minister Shinzo Abe said yesterday Tokyo could be an inspiration for other cities if it wins the right to host the 2020 Olympics, after becoming the first place in Asia to get the Games in 1964. Promising his government’s
      AFP  -  431 words
    • 493 20 AFP [SYDNEY] Australian broadsheet newspapers The Sydney Morning Herald and The Age yesterday ditched their century-old format for tabloid in a major overhaul at ailing media giant Fairfax. The move is part of the company’s bid to shore up readership and advertising
      AFP; PHOTO: AFP  -  493 words
    • 246 20 AFP [WELLINGTON] Rupert Murdoch’s News Corp yesterday announced it will sell its 44 per cent stake in New Zealand’s Sky Network Television for a reported NZ$815 million (S$832.9 million). News Corp’s Australian arm News Limited, which owns the stake in New Zealand’s
      AFP  -  246 words
    • 635 20 It eyes demand for wealth management and investment banking services Bloomberg [DUBAI] Barclays which is cutting 3,700 jobs as it reduces costs by US$2.6 billion a year, said it plans further expansion in the Middle East and North Africa on rising demand for
      Bloomberg  -  635 words
    • 542 20 Funds will finance projects in Istanbul financial district Bloomberg [DUBAI] Agaoglu Group, a Turkish company with interests in the building industry, energy and tourism, plans to raise US$2 billion in Islamic debt to finance the construction of Istanbul’s financial district. The
      Bloomberg  -  542 words
    • 459 20 Net lending shrinks £2.4b as BOE publishes credit-easing programme’s results Bloomberg [LONDON] UK banks and building societies reduced lending in the fourth quarter, the Bank of England (BOE) said yesterday as it published the results for its flagship credit-easing programme. The flow of
      Bloomberg  -  459 words
  • Page 16 Advertisements
    • 31 16 KISS92^ All the great songs in one place r k/SS92 CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! k1ss92.sg facebook.com/kiss92fm Q@kiss92fm
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    • 57 16 CALLING ALL BUSINESS OWNERS! US E 2013 CONSUMER ELECTRONICS LIFESTYLE FAIR 24-26 May 2013 Singapore Expo Hall 6 Looking for a way to reach more than 120,000 potential customers? m •4:' 1 Jft For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie Slow (9046 3323) siowwwf@sph.com.sg
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  • Page 17 Advertisements
    • 210 17 NOTICES '!\[(<)(}&>(!*&};[]^@)]\([`{;=` IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TONG GARDEN FOOD PRODUCTS SINGAPORE PTE LTD (In Members’ Voluntary Liquidation) (Company Registration No. *****3398M) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, the
      210 words

  • Page 18 Advertisements
    • 215 18 I Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an unprofitable trade are the critical
      215 words
    • 15 18 omy.sg WWW MSm SINGAPORE awards 2013 9 i. SkSE Hffi QR code VOTE NOW! sgeawards.omy.sg
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  • Page 19 Advertisements
    • 366 19 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS *;7. O fi f aT? Mm PRINT iPAD SMARTPHONES ONLINE r l i SUBSCRIBE NOW AND BRING HOME ONE OFTHESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF ''Panasonic Micro Audio SC-HC27 FULLY
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  • Page 20 Advertisements
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  • AVIATION/SHIPPING
    • 829 21 German banks take long-term view and make provisions to avoid making losses Bloomberg [LONDON] Deutsche Bank and two other German lenders providing about 14 per cent of credit to ship owners are forgoing seizing vessels even after soured loans
      Bloomberg; PHOTO: REUTERS  -  829 words
    • 462 21 Reuters [MOGADISHU] Somali President Hassan Sheikh Mohamud has granted amnesty to hundreds of young Somali pirates to reduce the threat to shipping in the seas off the Horn of Africa, a senior regional official said. The amnesty will not apply to bosses running the gangs
      Reuters  -  462 words
    • 241 21 AFP [SYDNEY] Soaring cabin temperatures meant 50 passengers and crew had to be treated for heat stress yesterday on a Qantas domestic flight in Australia, after a problem with the air-conditioning. The flight was heading from Sydney to the Australian island of Lord Howe,
      AFP  -  241 words
    • 329 21 Bloomberg [LONDON] The UK needs to improve airport connections and expand hub capacity to encourage direct flights to emerging trade partners like Brazil, Russia and China, said the Confederation of British Industry. A new daily flight to each of the world’s eight
      Bloomberg; PHOTO: AFP  -  329 words
    • 234 21 SGX '000 Mar 4 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.28 -0.01 254 Cosco Corp 0.90 -0.02 3417 Vol First Ship Lea 0.13 unch 517 Freight Links 0.08 unch 6546 Grand Banks unch unch 0 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0.18 unch 4714 Keppel
      234 words
    • 429 21 Move to reduce paper documents, improve efficiency Reuters [LONDON] Cargill made its first grain shipment using an electronic freight document last week as the US agribusiness group seeks to cut paper documentation and speed up the processing of deals, the officials involved said.
      Reuters  -  429 words
  • Page 21 Advertisements
    • 44 21 KOLKATTA TRADE NOTICE RATE RESTORATION In order to restore rates to more realistic levels, freight increases of USD130/TEU laden will apply on all shipments from Singapore/Kolkata vv loaded on/after 18th March ’13. Rates remain subject to BAF and any applicable surcharges. ORIENT EXPRESS LINE
      44 words
  • Page 21 Miscellaneous
    • 346 21 CRYPTIC CROSSWORD Across 7 Pitch university against piece workers (7) 8 Advise on clues to be rewritten (7) 10 Sick lower socioeconomic groups given financial penalty that’s not made clear (3-7) 11 Film star ‘resting’ according to some reports (4) 12 An excessive amount of corporal punishment? (8) 14 Regular
      346 words

  • EDITORIAL & OPINION
    • 489 22 EDITORIAL IT’S official now: America’s political leaders cannot even agree on how to get their country’s fiscal house in order. So they end up punishing the voters they are supposed to represent by cutting important government services and defence programmes and slow down economic growth in
      489 words
    • 765 22  - In the long run we suffer the legacy of policy blunder THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group BLAME it on JFK. Fifty years ago, President Kennedy made a decision that, with hindsight, ranks as the biggest mistake of domestic policy since World War II. In many
      The Washington Post Writers Group  -  765 words
    • 989 22  -  Building cities right cuts long-term costs linked to congestion, pollution, climate change By MAHMOUD MOHIELDIN, ZOUBIDA ALLAOUA Mahmoud Mohieldin is managing director at the World Bank Group. Zoubida Allaoua is director of the World Bank’s Urban and Disaster Risk Management Department Project Syndicate THE
      Project Syndicate; PHOTO: YEN MENG JIIN  -  989 words
    • 980 23  -  President Thein Sein’s visit to Brussels today may lead to the full lifting of EU sanctions imposed on Myanmar By MICHAEL MATTHIESSEN The writer is EU visiting fellow at the Lee Kuan Yew School of Public Policy, National University of Singapore THE visit of
      PHOTO: REUTERS  -  980 words
    • 923 23  -  By MICHEL BARNIER The writer is a member of the European Commission responsible for the internal market and services WE HAVE taken a major step last week to make Europe’s 8,200 banks more solid and more transparent. After 19 months of negotiations,
      PHOTO: REUTERS  -  923 words


  • 1460 24 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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  • Page 24 Advertisements
    • 87 24 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 Shipping lines I Can they seeking reliable I find your Ipqistks partners! I Shipping Times? TT"S TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES 1 nt uujiiyljj mvitj Shipping Times PLACE YOUR
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  • SINGAPORE STOCKS
    • 3174 25 Transaction date: Mar 4 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 164 106 AIMSAMPIReit --AAT Net P/E M Cap
      3,174 words
    • 192 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 2.1 unch ***** 2.2 2 2 2.1 31.3 Vol ('000) Day High Last Quote Low Buyer
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    • 10484 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Smaller Cos'** 1 9909/ EM Local Ccy Bond 1.0039/ European Opportunities 1 1 1256/ Global Emerging Markets!** Global Opportunities/'’ Global Emerging Markets USD 0
      10,484 words
    • 249 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 46.5 30 Genting HK US$ US45 -1 ***** 46 44.5 45 45.5 2963 Day 260 181 TanChongInt HK248 -2 96 250 248 248 253 4.3 2.8
      249 words
    • 983 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.9 70 118.9 118.9 118.5 118.9 542.8 135.9 120.4 CIMB APAC Div 100S$D 135.8 133.1 134 111.7 95.8 CIMB APAC
      983 words


  • FINANCE & COMMODITIES
    • 614 27 Mar 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.45 *****.68 *****.59 Mar13 *****.00 *****.00 *****.00 *****.00 *****7 *****8 Jun13 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 286.59 286.59 282.29 Mar13 286.30 287.10 281.70 282.60 ***** *****1 Apr13 282.70
      614 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 1 Index Change Change Change Change Change Change World Preliminary 999.1 -0.1 6.5 -0.3 6.0 -0.5 4.4 EAFE Preliminary 833.2 0.1 7.6 -0.6 4.7 -0.8 3.1 Europe Preliminary 1210.7 -0.1 5.5
      373 words
    • 470 27 Mar 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.310 0.779 7.861 55.745 98.411 0.947 11.074 3.149 1.235 99.435 41.323 1.264 9.229 0.956 30.106 30.236 0.674 1.013 Canada 0.958 6.046
      470 words
    • 69 27 Mar 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP
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    • 135 27 GOLD(US$/oz) Mar 04 Mar 01 Hong Kong 1586.00 1590.00 Mar 01 Feb 28 London 1578.10 1582.56 1578.92 1583.33 Source: Thomson Reuters CAST BAR Mar 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 63 5gm 403 316 10gm 720 632 20gm 1356
      135 words
    • 86 27 Mar 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 30-May-13 0.26 6-Month BS*****H 22-Aug-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.07 5-Year N*****0Z 2.375 01-Apr-17 108.14
      86 words
    • 57 27 Mar 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2370.0 2400.0 2400.0 2370.0 245 2763 Apr 13 2367.0 2405.0 2405.0 2367.0 2114 ***** May 13 2377.0 2413.0 2415.0 2375.0 ***** ***** Jun 13 2391.0 2423.0
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    • 121 27 As at 9am Mar 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.296 1.235 Can dollar 1.237 1.179 Euro 1.656 1.578 Sterling pound 1.905 1.832 NZ dollar 1.057 0.998 US dollar 1.268 1.208 Local dollars to 100 units of foreign
      121 words
    • 154 27 Mar 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2630 1.2644 1.0132 1.0137 Canadian dollar 1.2102 1.2114 0.9713 0.9709 Euro 1.6212 1.6225 1.3006 1.3008 NZ dollar 1.0225 1.0233 0.8203 0.8204 Sterling pound 1.8732 1.8748 1.5028 1.5031
      154 words
    • 108 27 Mar 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1464.50 1474.25 1478.50 1453.75 May 13 1443.50 1452.25 1457.50 1433.00 Jul 13 1427.25 1435.25 1440.75 1417.25 Aug 13 1388.00 1391.75 1396.25 1377.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13
      108 words
    • 80 27 Mar 1 COCOA (£/tonne) Close Prev High/Low Mar 13 1381 1409 1415/1379 May 13 1406 1429 1436/1404 Jul 13 1422 1446 1450/1420 Sep 13 1436 1460 1465/1433 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2072 2058 2072/2053 May 13 2115 2108 2117/2096 Jul 13 2123 2120 2124/2105 Sep 13 2131
      80 words
    • 968 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 14.4 -0.9 3064 1 27 1 2.85 27 Best World Intl Ltd
      968 words
    • 70 27 CRUDE OIL PRODUCTS Mar 01 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.40 -1.91 WTI (Near Mth) 90.87 -0.93 Dubai (1-Mth F) 105.17 -1.88 Tapis blend 116.96 -1.41 Minas 112.46 -1.41 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.83 -2.84 Jet Kerosene 126.30 -1.58 US$/barrel OpecOil Basket
      70 words
    • 24 27 Mar 4 S$ Bid Offer 1-month 1.2465 1.2473 2-months 1.2465 1.2473 3-months 1.2465 1.2473 6-months 1.2463 1.2475 Source: OCBC Source: OCBC
      24 words
    • 67 27 Mar 1 Mar 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1932.00 1961.75 3 months 1975.00 2005.00 Copper, Grade A(US$/tonne) Cash 7673.00 7784.00 3 months 7703.00 7815.00 Lead(US$/tonne) Cash 2227.50 2271.00 3 months 2244.00 2281.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50
      67 words
    • 156 27 Mar 4 Mar 4 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75
      156 words

  • PROPERTY
    • 1302 28 The palatial headquarters that came to symbolise the rise and the fall of companies such as AOL-Time Warner and CIT Group Inc may have had their day Reuters [NEW YORK] In the past year, defence company SAIC Inc has shrunk the office space it
      Reuters; PHOTO: REUTERS  -  1,302 words
    • 463 29 The average price of a house or apartment climbed 0.9% from January Bloomberg [LONDON] Central London luxury home prices unexpectedly rose at the fastest pace in 10 months in February as the British pound’s depreciation helped attract international investors, according to
      Bloomberg; PHOTO: BLOOMBERG  -  463 words
    • 321 29 Reuters [LONDON] Britain’s taxman has raised almost 50 per cent more cash than it hoped for from tax increases on property transactions over the past year as London luxury residential prices continue to climb, property data showed. Britain’s cash-strapped government
      Reuters  -  321 words
    • 276 29 Bloomberg [MILAN] Chris Papachristophorou, former global head of Deutsche Bank AG’s RREEF Opportunistic Investments, is joining Beny Steinmetz Group Real Estate to run a pri-vate-equity venture that aims to invest US$2 billion. Invel plans to buy European assets sold by companies and governments that are
      Bloomberg  -  276 words
    • 222 29 Reuters [LONDON] The number of Italians searching for luxury London homes spiked at the start of the year in the run-up to elections that left a political vacuum in the country, upmarket property consultant Knight Frank said. Prices for top London homes have risen
      Reuters  -  222 words
    • 510 30  -  Price works out to $1,626 per square foot on net lettable area; seller is AEW By KALPANA RASHIWALA GUTHRIE has picked up 2HR at 2 Havelock Road in a deal that values the asset at $282.88 million, or $1,626 per square
      510 words
    • 605 30 Xin hua [SHANGHAI] Whether or not to buy an apartment has become a big headache for Liu Yan, 27, an engineering designer here, after the State Council last week ordered a 20 per cent individual income tax be levied on capital gains by
      Xinhua; PHOTO: AFP  -  605 words
    • 704 30 Reuters [HONG KONG] China’s prop-erty-related shares fell by the most in nearly five years yesterday on plans to tighten curbs on the housing market, though some economists predict a nearterm spike in existing home prices, at least until local governments work out how to
      Reuters  -  704 words
    • 742 30 A$ slips to lowest level since Oct; RBA to decide on interest rates today Bloomberg [SYDNEY] Australian home-building approvals unexpectedly fell for a second month in January, led by a slump in apartments, while company profits dropped in the fourth
      Bloomberg; PHOTO: BLOOMBERG  -  742 words
  • Page 28 Advertisements
    • 111 28 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m1003.sg UFM 100.3 ss C.iO 9 9 Vf o U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let’s pause to be thankful for all
      111 words
    • 165 28 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
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  • Page 29 Advertisements
    • 40 29 PAYA UBI INDUSTRIAL PARK TERRACE FACTORIES LEASE SALE 200 to 7,500 sq ft Free parking and with toilet Own parking space (not inclusive in listed area) $1.90 psf $330 psf onwards Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
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    • 281 29 (H||) LaSalle For Sale By Tender Level 17 Samsung Hub Real value in a changing world I Opportunity To Acquire CBD, Grade A Strata Office Units Prime CBD Address 999-year leasehold land tenure Unit sizes range from 883 3,595 sq ft 100% occupancy with potential for rental increase on expiry
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    • 370 29 Work your way 12 flexible office locations in Singapore Fully equipped and work-ready Terms to suit any size of business Opening soon in Orchard Wisma Atria Find out more about our fully equipped offices... www.regus.com.sg 1 800 622 1563 LAND FOR SALE Rare Investment Redevelopment Opportunity Serangoon Garden Country Club
      370 words


  • Singapore 1000
    • 949 1 S1000, SME 1000 and SI100 companies have seen revenues surging to record levels but cost pressures have dampened profits THE United States and European economies are still facing their own issues while the Chinese economy, though improving, is still weak. The global economy is still
      949 words
    • 876 2  -  China Aviation Oil has moved far beyond China and jet fuel as it aims to become a major player in the global oil markets, reports kan kwok leong reportsKAN reportsKAN KWOK LEONG AN aggressive expansion of its trading activities worldwide, coupled with high oil prices, has
      PHOTO: BLOOMBERG  -  876 words
    • 1116 4  -  Good corporate governance has emerged as a crucial factor in deciding where shareholders will park their money, write neo writeNEO NEO SING HWEE LIM SZE CHIEN Neo Sing Hwee is Partner, Ernst Young Advisory Pte Ltd. Lim Sze Chien is Senior Manager in Ernst Young
      PHOTO: STOCK.XCHNG  -  1,116 words
    • 738 6  -  A global leader in rig building and vessel conversion, Keppel Offshore Marine stays ahead by responding quickly to the changing needs of its customers, reports kan kwok leong reportsKAN reportsKAN KWOK LEONG MANY companies hoping to get a slice of Brazil’s massive demand for oil
      FILE PHOTO  -  738 words
    • 191 6 KEPPEL Shipyard, a unit of Keppel Offshore Marine (O&M), has been tasked by Norwegian shipper Golar to conduct a Front-End Engineering and Design study for its ground-breaking floating liquefied natural gas (FLNG) plant. Ordered last year, the project could loosen the grip on LNG production enjoyed by
      191 words
    • 847 6  -  By HERBERT VONGPUSANACHAI The writer is managing director of DHL Express Singapore SMALL and medium-sized enterprises (SMEs) occupy an important position in Singapore’s economy in terms of their contribution to the country’s industrial development, exports, employment and creation of an entrepreneurial base. They account for
      847 words
    • 678 8  -  Faced with an uncertain global economy, DBS will continue to build its presence in Asia to sustain its financial performance, says CFO Chng Sok Hui. KAN KWOK LEONGreports LEONGreports KAN KWOK LEONGreports SINGAPORE’S DBS Group Holdings is looking to extend its recent string of solid earnings
      PHOTOS: BLOOMBERG  -  678 words
    • 102 8 DBS Group Holdings chief financial officer Chng Sok Hui gives BT her assessment of the global economy for the rest of the year. “Our base case is that Asia will continue on its secular growth path. There are also encouraging signs of stabilisation in other
      102 words
    • 746 9  -  Finding new revenue streams in a highly competitive environment is how SingTel intends to stay ahead of its rivals, reports KAN KWOK LEONG reports KAN KWOK LEONG AS the infocomms technology (ICT) landscape becomes more complex, with an array of devices, apps and content competing for consumers’
      PHOTO: BLOOMBERG; PHOTO: BLOOMBERG  -  746 words
    • 112 9 NTo acquire more customers and win a bigger share of their spend through a strategy that encompasses apps, content, handsets, price plans and customer experience. NInvesting in new growth platforms and deliver innovative digital services to complement SingTel’s existing offerings through bundles and add-ons. NEnhancing ICT
      112 words
    • 658 13  -  Willtech is looking to move closer to where their oil and gas customers operate to drive growth, says managing director William Lau. LEONGreports KAN KWOK LEONG OFFSHORE engineering specialist Willtech is banking on rising demand for deeper and more complex oil and gas exploration projects to
      658 words
    • 119 13 DEEPWATER drilling, one of the most difficult but most lucrative parts of the extraction business, has mainly been centred in the Gulf of Mexico. But in the past decade, Brazil has become a key player, exploring untapped reserves in the Santos basin as far away as
      119 words
    • 764 14  -  Despite multiple headwinds, OUE chief executive Thio Gim Hock believes the Singapore property market will hit new heights again, reportsKAN KWOK LEONG reportsKAN reportsKAN KWOK LEONG FACING an uncertain economy and government cooling measures, local developer Overseas Union Enterprise (OUE) is banking on its diversified portfolio
      764 words
    • 450 14  -  By KAN KWOK LEONG SINGAPORE-BASED UE Metal Enterprises expects its overseas business to jump significantly when its first manufacturing plant outside the Republic begins operating in Thailand at the end of this year. Sales from abroad now contributes around 10-15 per cent to the revenue of
      450 words
    • 1170 16  -  Building a strong brand can help a firm to boost productivity, say brand consultants.FELDA CHAYreports FELDA CHAY WHAT do branding strategies and raising productivity have to do with each other? A lot, it seems. Branding consultants here say that building a strong brand can raise a
      1,170 words
    • 589 16  -  By FELDA CHAY IT was May 2002, and Apple reseller Epicentre Holdings had just started out, but it wasted no time in branding itself as the go-to player for Apple products, says managing director Jimmy Fong. It did this by christening its only store in Orchard Road AppleCentre
      PHOTO: YEN MENG JIIN  -  589 words
    • Article, Illustration
      206 16 WANT to know the basic steps to take to raise productivity through branding? StrategiCom’s CEO Wilson Chew (above) has some tips: NFind out how your stakeholders perceive your company, product or service. NReflect on your company’s distinctive competencies. One of the sub-phases within a brand strategy formulation
      206 words
    • 445 16  -  By FELDA CHAY UNLIKE Epicentre Holdings, home improvements hardware firm Home-Fix DIY did not embark on a branding campaign immediately after it started its business in 1993. Managing director Low Cheong Kee points out that the company began making an effort to build its name only in
      PHOTO: YEN MENG JIIN  -  445 words
    • 544 18  -  After a decade spent playing a critical role in the background of Singapore’s telco scene, China’s Huawei International is ready for its close-up, reportsKAN KWOK LEONG reportsKAN reportsKAN KWOK LEONG HUAWEI International may not be a household name among mobile phone users here, but the Singapore
      544 words
    • 91 18 HUAWEI’S commitment to Singapore goes beyond merely selling its products and services. The company also partners several research centres and academic schools aimed at advancing the Singapore government’s “Intelligent Nation” vision of enriching life through communications. It has also collaborated with A*Star’s Institute for Infocomm Research and
      91 words
    • 220 18 HUAWEI, which recently became the world’s third-largest maker of smartphones, has a new flagship model that it calls “the fastest smartphone in the world”. The company says the device supports faster download speeds than other phones, but today’s wireless networks are not equipped to supply those
      220 words
    • 797 18  -  A strong corporate governance function will usually have the right board in place before the IPO. By MAX LOH The writer is Max Loh, managing partner of Ernst Young, Singapore and Asean MANY investors, even discerning ones, can be uncertain when making their initial public
      PHOTO: STOCK.XCHNG  -  797 words
    • 865 20  -  Raymond Quah has banked on a low-cost China strategy to transform his firm, Poet Shipbuilding and Engineering, into a leading player in the region, reportsKAN KWOK LEONG reportsKAN reportsKAN KWOK LEONG LONG before China became a major player in the shipbuilding world, local entrepreneur Raymond Quah noticed
      PHOTO: ARTHUR LEE  -  865 words
  • Page 1 Advertisements
    • 55 1 CONTENTS Fuelling a global expansion IPAGE 2 Spreading its wings IPAGE 9 Staying confident amid uncertainty IPAGE 14 Poetry in motion IPAGE 20 Copy Editors: Benjamin Tan, George Joseph, Chiang Yin Pheng Sub-editor: Naveen Verghese Cover design: Hyrie Rahmat Graphics: Ludwig Ilio, Hyrie Rahmat Photographer: Arthur Lee Advertising sales: Lina
      55 words

  • Page 2 Advertisements
    • 331 2 The towering achievements of Singapore's most successfulcompanies andleaders, loth in termsof their financialperformance as wellas their inspirationalleadership SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 JMM > jjiv *rrm Will www.willtechasia.com □one ALRIC PROJECTS PTE LTD m cun ray ■/ilVt i. J Woodcraft Construction Pte Ltd I i.nr Sunray Woodcraft Construction Pte
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  • Page 3 Advertisements
    • 422 3 CONGRATULATIONS! Singapore’s Most Valuable Corporations SMEs for SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 2013 ft 26TH ANNUAL SINGAPORE 1000 SME 1000 inc SINGAPORE INTERNATIONAL 100 AWARD WINNERS HONORARY AWARDS Sales/Turnover Excellence: Commerce-Wholesale SHELL EASTERN TRADING (PTE) LTD Net Profit Excellence: Information Communication SINGAPORE TELECOMMUNICATIONS LIMITED SINGAPORE 1000 SALES/TURNOVER EXCELLENCE AWARDS
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  • Page 5 Advertisements
    • 152 5 CONGRATULATIONSTOTAMACO EURONAVY on their achievement as A Singapore SME1000 Company the 26th Annual Singapore 1000 SME 1000 incorporating Singapore International 100 g w 58 f' r a r, s r’y li I m ■“t I 1 Sts; S> ■*K> vv Eg* *1 J- i'S 4L-WS sS I 1 1 ea
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  • Page 7 Advertisements
    • 249 7 BINTAI KINDENKO PTE LTD ENG NEERED FOR EXCELLENCE Bintai Kindenko Pte Ltd is awarded the Promising Singapore 1000 Corporation in the 26th Annual (2013) Singapore 1000 SME 1000 incorporating Singapore International 100 V A *0 c-> > Or i -f-TT to Mr Chua Swee Ann (CEO Managing Director) and MrTeo
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  • Page 8 Advertisements
    • 44 8 i m t V s X wk w- 4 a M > m S A SINGAPORE SHE 1000 COMPANY 2013 LAUD ARCHITECTS PRIVATE LIMITED 510 Thomson Road **02-08 SLF Building Singapore *****5 Tel: (65) 6259 2122 Fax (65) 6259 1151 Website: www.laudarchitects.com Email: admin@laudarchitccts.com IB
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    • 182 8 n SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 I Emerging Enterprise 01 S'-* A A to Changi Control Tower MERCURY AN ASMI -1IANMI ZAOtAO AWARD m %)ji\ Sinsapore Prestige Brand Award 11 Winner, SPBA Promising Brands Project SPOX Exxon Mobil I Design Build Sea Training Design Build WIELAND Factory Structure Design
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  • Page 9 Advertisements
    • 45 9 Fig tree SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 WHERE DESIGN AND CONSTRUCTION REIGN SUPREME CUSTOMISE TO YOUR NEEDS is j SINGAPORE ULli»u=tii 2 MALAYSIA FIGTREE PROJECTS PTE LTD 315 OUTRAM ROAD #13-10 SINGAPORE *****4 TEL *****722 FAX *****747 OHSAS*****:2007 OH***** 90 *****01:2008 FS*****8 *****01:2004 EMS*****9
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  • Page 10 / 11 Advertisements
    • 362 10 / 11 SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 CONGRATULATIONS P«I!T snii'iiii J il 111 mi lil PTE LTD the FIRST Winner of Crossing 100 Million Turnover SME Award 26th Annual (2013) Singapore 1000 SME 1000 incorporating Singapore International 100 i T. tf* T i m m u > to *****57 <1 Mil
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    • 239 12 SINGAPORE 1000 SINGAPORE SME1000 Supporting the Success of POET SHIPBUILDING ENGINEERING PTE LTD the FIRST Winner of Crossing 100 Million Turnover SME Award 26th Annual (2013) Singapore 1000 SME 1000 incorporating Singapore International 100 INTERNATIONAL 100 OyAROX s o /A SINGAPORE IANGSL Soil' WAR IM IT) o GALLEY LAUNDRY EQUIPMENT
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  • Page 13 Advertisements
    • 34 13 ACHIEVING NEW HEIGHTS OF PERFORMANCE FACILITATING GROWTH Beyond Boundaries® UMW EQUIPMENT ENGINEERING PTE LTD. 108 International Road Singapore *****3 Tel: +65 6265 3155 Fax: +65 6265 8494 www.umwequipment.com AUTOMATIVE EQUIPMENT MANUFACTURING ENGINEERING OIL GAS
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    • 229 13 -y* p °UlM V r ~r. v?ras < V P When you hire specialist construction equipment, you want a straightforward, professional service... no fuss, no headache. You need the right equipment, fit for purpose, in good order, ready to work, safely and reliably. You want it delivered to site on
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  • Page 14 Advertisements
    • 54 14 SINCE 1974 TONG GUAM PLANT (PTE) LTD |L1| wm 4 Quality Construction Equipment Plant for Tomorrow And Beyond http://www.tongguan-plant.com m V'i m Il.v no~ lor Head Office: 6 Sungei Kadut Avenue. Sungei Kadut Industrial Estate. Singapore *****3 Telephone: {65) 6368-1111 Fax: (65) 6368-8806 Email: info@tongguan-plant.com S tmi 3 1Q mwKMim
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  • Page 15 Advertisements
    • 1206 15 BT ADVERTORIAL Overcoming the odds High costs and manpower crunch in Singapore have not stopped Excel Precast from growing LIKE many small and medium-sized enterprises (SMEs), Excel Precast is being squeezed by high costs and a manpower crunch in Singapore. But these have not stopped the manufacturer and supplier of
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    • 1088 17 BT ADVERTORIAL Putting the customer first, always The Bintai Kindenko Story: Proven track records in delivering results in time exceeding expectations AT t h e h e a r t o f B i n t a i Kindenko's success is the unique ability to reinvent itself in a rapidly
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  • Page 19 Advertisements
    • 1355 19 BT ADVERTORIAL Boldly overcoming challenges From a one-man operation in the 70s, Huationg now boasts around 600 employees and over 700 vehicles Industry giant: The firm’s massive fleet features everything from cranes to prime movers (above); Lee Chin Tiong (below right), founder and MD of Huationg, at the 26th annual
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  • Page 20 Advertisements
    • 224 20 trO lipico M 3 i LIPICO has made great leap from the Singapore SME 1000 rankings to the Singapore 1000 rankings and would like to offer grateful thanks to all our valued Customers, Vendors and Employees for their support in getting us here. /j LIPICO Technologies Pte Ltd 61 Bukit
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