The Business Times, 6 March 2013

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, March 6, 2013
    25 words
  • Article, Illustration
    Lock icon Wage credit may help big boys more: MPs
    959 1  -  They fear SMEs may lose out; some question scheme’s impact on productivity By TEH SHI NING [SINGAPORE] The Wage Credit Scheme may benefit larger multinational companies and governmentlinked firms more than the small and medium enterprises that need the most help as
    959 words
  • Article
    Lock icon Dow: New high
    86 1 AP [NEW YORK] The Dow has never been higher. The Dow Jones Industrial Average jumped more than 100 points early yesterday, climbing to an all-time high, powered by China’s strong economic growth targets and a jump in European retail sales. The Dow gained 103 points, or 0.8
    – AP  -  86 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      67 1 GST INDEX 3,248.26 (+8.31) GST INDEX FUTURES 3,242.00 (+8.00) GSIMSCI 367.16 (+2.34) GSIMSCI FUTURES 367.40 (+2.20) USS S$ LISt (St per USS) 1.245 t (US$/S$ per 1.512 1.882 EURO (US$/5S/61 1.304 1 624 Foreiyn currency per USS St YEN 93.20 74.30 RM 3.101 2.491 HKS 7.757 6.231 RAHT 29.78
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    • Article
      Lock icon MARKETS
      53 1 Tuesday Change KL COMP 1.642 OR ->•610 NIKKEI 225 11,685 45 •>•31.16 HANG SENG 22,560.50 *22.69 SET INDEX 1,***** +8 59 JAKARTA COMP 4,751.20 9.76 MANILA COMP 6,711.72 *74.16 SEOUL COMP 2.016,61 *■346 SHENZHEN B 825 7ft *10,12 MUMBAI IND 19,143.17 *265.21 Horn ESI Change DOW 14,274 61 -146.79
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    • Article
      Lock icon PRIME RATES
      28 1 SINGAPORE MALAYSIA 5.58 6.55 HONGKONG 5 00 INDONESIA 13.095 TAIWAN 5,030 jAPAN KOREA 9.33 BRITAIN 0,50 US 5,25 CANADA 3,00 SWITZERLAND 0,50 INDIA 14,45 Source: Bloomberg
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  • Article
    Lock icon China bets on domestic demand to grow 7.5%
    857 1  -  By VIRGINIE MANGIN in Beijing CHINA will boost fiscal spending in an effort to grow 7.5 per cent this year. “We should unswervingly take expanding domestic demand as our long-term strategy for economic development,” outgoing Prime Minister Wen Jiabao told some 3,000
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      157 1 S’PORE NEWS Slew of new projects in March PAGE 10 STRAIT TALK Taking total loss of shipping by the horns PAGE 22 COMMENTARY What would Robin Hood have done? EXEC MONEY Cash is not king when it comes to investment PAGE 21 PAGE 32 OUT TODAY! Don’t miss The SME
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  • TOP STORIES
    • Article
      Lock icon Govt to raise capabilities of Singaporean workers
      467 2  -  Existing work pass framework to be calibrated, says Tan Chuan-Jin YESTERDAY IN PARLIAMENT By LEE U-WEN [SINGAPORE] THE government wants to raise the capabilities of Singaporeans as well as to calibrate the existing work pass framework to ensure that foreign workers complement, rather
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    • Article, Illustration
      Lock icon M’sia sends in fighter jets; market shrugs off events in Sabah
      675 2  -  By in S JAYASANKARAN in Kuala Lumpur USING fighter jets and armoured personnel carriers, the Malaysian armed forces moved yesterday to end the protracted occupation of a coastal Sabah village by Filipino Sulu insurgents. The armed forces fought pitched
      PHOTO: AP  -  675 words
    • Article, Illustration
      Lock icon Sabah standoff ‘temporary’, says KL minister
      634 2  -  By LEE U-WEN [SINGAPORE] A senior Malaysian minister has described the ongoing standoff between Malaysian security forces and a Filipino Muslim group in the eastern state of Sabah as a “temporary incident” that should be resolved within the next few days. Investor confidence is
      634 words
    • Article, Illustration
      Lock icon Tax system can be more progressive: Sylvia Lim
      590 2  -  Top marginal tax rate can be 25%, says WP chairman By TEH SHI NING [SINGAPORE] There is room for the tax system to be even more progressive without unravelling Singapore’s economic strategies, Workers’ Party chairman Sylvia Lim said in Parliament yesterday. While
      590 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      470 2 Wage credit may help big boys more: MPs THE Wage Credit Scheme may benefit larger multinational companies and government-linked firms more than the small and medium enterprises that need the most help as Singapore restructures, members of parliament said yesterday. The centrepiece of the government’s three-year transition support
      470 words
    • Article
      Lock icon GMR sells stake in Jurong genco for US$488m
      624 4  -  Buyer FPM to invest US$49m more in the project that is 30% owned by Petronas By RONNIE LIM [SINGAPORE] Singapore’s newest power station GMR Energy’s S$1.2 billion, 800-megawatt facility being built on Jurong Island has changed hands again, with Hong Kong-Phil-ippine consortium
      624 words
    • Article, Illustration
      Lock icon StanChart earnings up despite big US fine
      516 4  -  By NEIL in London NEIL BEHRMANN in London STANDARD Chartered’s shares surged after the bank notched a 10th successive increase in annual profits, shrugging off a steep US$667 million fine for breaking US sanctions on Iran and other suspect nations. The taint surrounding
      516 words
    • Article
      Lock icon Few premium car buyers hit the brakes on deals
      720 4  -  By SAMUEL EE [SINGAPORE] The premium car market appears to be surprisingly resilient even though prices have risen, with few of those customers who have already committed to a new ride backing out of their deals, say some distributors. One reason
      720 words
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      31 3 BANK OF THE YEAR IFR AWARDS 2012 r'TZ'fjC success t j CORPORATE INVESTMENT BANKING WEALTH MANAGEMENT ASSET MANAGEMENT SECURITIES SERVICES INSURANCE BNP PARIBAS I The bank for a changing world bnpparibas.com.sg
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  • Page 4 Advertisements
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      114 4 STANFORD–NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 17 31 Aug 2013 Real-World Strategies For Global Business. Immerse in the vibrant cultures of two of the world’s most respected academic institutions. The Stanford–NUS Executive Program, held in Singapore since 1982, has been for many, a foundation for assuming greater leadership roles. Two
      114 words
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      203 4 Visit itshow.sg/app #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE (THURSDAY TO SUNDAY) MARINA BAY SANDS, CONVENTION CENTRE LEVELS B2 1 12 NOON 9 PM DAILY Guaranteed over FREE ADMISSION S$20,000 CASH in the Grand Lucky Draw (ONE COUPON FOR EVERY $100 PAID OR DEPOSIT PLACED DURING THE
      203 words
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      171 5 2013 Ernst Young Solutions LLP. All Rights Reserved. FEA no. *****424. ED 0414. ErnstS Young Entrepreneur Of The Year 2013 Awards Singapore in Don't dream of what "can" be. Dream of what "will" be. Everyone has dreams, but only a special few succeed in making their dreams a reality. These
      171 words
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  • COMPANY NEWS
    • Article
      Lock icon Possible divestment of Australand draws interest
      387 6  -  Several parties express interest for whole or parts of business By ONG CHOR HAO THE possibility of CapitaLand divesting its investment in Australand Property Group has attracted several parties, who have expressed an interest in either the whole or parts of the Australian subsidiary’s
      387 words
    • Article, Illustration
      Lock icon Tiger raising $297m via rights, bonds
      536 6  -  Funds to be used to boost the airline’s pan-Asian expansion By VEN SREENIVASAN TIGER Airways is raising about $297 million through the issuing of shares and bonds to boost its balance sheet and fund the airline’s pan-Asian expansion. The budget carrier group said yesterday
      PHOTO: BLOOMBERG  -  536 words
    • Article
      Lock icon Investor focus on large-cap earnings recovery clues: Citi
      360 6  -  By MINDY TAN WITH a narrowing of the valuation gap between large and mid-small cap stocks in the past quarter, investors are likely to look for clues that point towards the pace of earnings recovery among the large caps. Already, investors have
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    • Article
      Lock icon TTJ clinches new contracts worth $20m
      288 6  -  By CARINE LEE STRUCTURAL steel specialist TTJ Holdings Ltd has clinched $20 million worth of new contracts in Singapore. This lifted its order book to $182 million, the bulk of which it expects to substantially complete in FY2013 and FY2014. The latest contracts will
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    • Article, Illustration
      Lock icon Mapletree GCCT IPO close to 30 times subscribed
      422 7  -  Units expected to start trading on mainboard tomorrow By ONG CHOR HAO INVESTORS have overwhelmingly backed the listing of Mapletree Greater China Commercial Trust (MGCCT), with the total placement tranche and public offer 291/2 times subscribed. The trust manager, Mapletree Greater China
      422 words
    • Article
      Lock icon Derivatives offer SGX relief from penny fever
      450 7  -  By KENNETH LIM DERIVATIVES remain a growing source of trading activity for Singapore Exchange (SGX) in February, although the traditional securities business eased off a busy start to the year amid a lower-value rush for penny stocks. The daily average value of securities
      450 words
    • Article, Illustration
      Lock icon CME’s business in Asia expanding by 35% a year
      422 7 Bloomberg CME Group Inc, the world’s largest futures exchange, is seeing its Asian business expand 35 per cent a year, driven by grains, currencies, gold, energy and financials, chief executive officer Phupinder Gill said. About 25 per cent of the 12
      Bloomberg  -  422 words
    • Article
      Lock icon Asian Reits seen turning to acquisitions
      495 9  -  CBRE says they will be more selective given compressed property yields By NISHA RAMCHANDANI AS upward rental reversions become tougher against the backdrop of a weaker occupier market, Asian Reits particularly those in Singapore are expected to turn to acquisitions as a means of
      495 words
    • Article
      Lock icon STATS ChipPAC prices US$255m notes
      307 9  -  By TEO SI JIA SEMICONDUCTOR test and packaging group STATS ChipPAC is issuing its concurrent offering of US$255 million senior notes in a private placement at par. This offering is concurrent to an offer of new notes in exchange for the group’s outstanding US$600 million
      307 words
    • Article, Illustration
      Lock icon MAS makes proposals to financial area review
      319 9  -  By NISHA RAMCHANDANI THE Monetary Authority of Singapore (MAS) has made additional recommendations in a consultation paper to complement those raised by the Financial Advisory Industry Review (Fair) earlier this year. The 14-member Fair panel released its report of 28 recommendations, aimed at
      PHOTO: REUTERS  -  319 words
    • COMPANY BRIEFS
      • Article
        Lock icon STX OSV Holdings to be renamed VARD
        104 9 STX OSV Holdings will be renamed to shed its affiliation with South Korea’s STX Group, as it undergoes a $1.45 billion acquisition by Italy's state-owned Fincantieri Group. The offshore vessels builder, based in Norway with shipyards there and in Romania, Vietnam and Brazil,
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      • Article
        Lock icon China Minzhong raising capital of unit
        57 9 CHINA Minzhong Food Corp has announced that it will be putting an additional US$44.96 million in the capital of the wholly owned subsidiary, Fujian Minzhong Organic Food Co. This comes a day after China Minzhong announced that PT Indofood Sukses Makmur has doubled its
        57 words
      • Article
        Lock icon Citibank unveils credit card for the wealthy
        66 9 CITIBANK has launched its first global credit card aimed at affluent clients in Singapore and Malaysia. Called the Citi Prestige Card, customers will receive benefits globally and are rewarded with bonus points for the length of time they have banked with Citi. Singapore
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      • Article
        Lock icon GLP forms distribution units in China
        90 9 GLOBAL Logistic Properties (GLP) has set up new indirect subsidiaries in China for the purpose of providing distribution facilities and services. The new entities, Quanzhou Pufa Logistics Facilities, GLP Changsha Puwang Logistics Facilities, Wuhan Puling Warehousing Service, and Chongqing Transfar Logistics Base, have registered
        90 words
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      82 6 '-JU I'Vf L 0 fxm SUT SINGAPORE UNIT TRUSTS Amanah Mutual Berhad (*****4-U) 34 th Floor, Menara PNB, 201-A, Jalan Tun Razak, ***** Kuala Lumpur, Malaysia. AMB Client Services Tel (603) 2034 0800 Fax (603) 2163 3212/2535 E-mail ambcare@pnb.com.my A member company of the Permodalan Nasional Berhad Group Distribution Channel
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      263 7 You'll be absolutely amazed with the new Mazda 6. Born of Mazda's dynamic Kodo Soul of Motion design, it is truly a sight to behold. Sleek, slender, and refined, you won't take your eyes off it. In fact, you won't take your hands off it either for SkyActiv Technology fuels
      263 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon China, HK rebound props up STI
      592 8  -  Banks and property stocks stand out among blue chips; Jackspeed’s shares jump into play in penny sector STOCKS R SIVANITHY Senior Correspondent A REBOUND in China and Hong Kong helped the Straits Times Index (STI) rise 8.31 points to 3,248.26 yesterday, as unit volume
      Source: Bloomberg  -  592 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Mar 5 VALUE CLOSE BT OB/OS -628.00 +221.00 BT CADI -*****.00 +251.00 BT 10-day MA -*****.00 -63.00 FTSE ST Mid Cap 807.45 +4.21 FTSE ST Small Cap 560.15 +5.22 FTSE ST All Share 800.50 +2.71 FTSE ST China Top 220.44 +1.36 FTSE ST China 251.63 +0.32 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 95 31 22 20 1 7 115 32 29 Commerce 36 10 18 9 0 1 45 10 19 Tpt/Stor/Comms 26 7 8
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    • Article
      Lock icon BROKERS’ TAKE
      1000 8  -  Compiled by KENNETH LIM UOL Group March 5 close: $6.44 CIMB RESEARCH, March 4 KEY issues discussed during the post-results investor luncheon that we hosted with UOL were its complicated group structure, the outlook for the commercial and hotel sectors and its capital deployment plans. We retain our
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 56,707 56,707 64,596 64,596 Manufacturing 683,092 504,879 1,187,971 194,224 15,560 209,784 Commerce 252,896 329,820 582,716 107,673 52,638 160,311 Tpt/Stor/Comms 102,468 14,548 117,016 145,098 5,186 150,284 Finance 75,056 505 75,561 190,047 181 190,228 Construction 205,347 159,155
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 2.020 -0.010 CapitaLand 3.710 -0.010 CapitaMall 2.110 +0.020 CityDev 11.410 +0.260 ComfortDelGro 1.895 -0.005 DBS Grp 15.170 +0.190 F&N 9.440 GLP 2.540 +0.020 Genting SP 1.525 +0.005 Golden Agri 0.610 +0.005 HK Land 7.470 -0.090 IHH Healthcare 1.365 +0.005 JMH 62.800
      112 words
    • Article, Illustration
      Lock icon Yen strengthens despite speculation
      502 8 CURRENCIES AFP [TOKYO] The yen strengthened in Asian trading yesterday despite a string of pro-easing comments from the men nominated to take over as the Bank of Japan’s (BOJ) new leadership. In afternoon Tokyo forex trade, the US dollar was weaker at 92.97 yen against 93.46
      AFP; PHOTO: REUTERS  -  502 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME WE Hldgs 268,889,000 Jackspeed 228,844,000 YHM 158,735,000 CarrierNet 156,353,000 Armarda 146,341,000 Golden Agri 122,269,000 IPCO Intl 118,461,000 Equation 104,285,000 Rowsley 92,045,000 Xpress 72,051,000 VALUE($) DBS Grp 78,090,120 Golden Agri 74,095,678 GLP 72,153,090 SingTel 56,160,620 UOB 55,198,350 CapitaLand 54,581,340 WE Hldgs 49,490,948 Rowsley 41,635,255 Genting SP 39,922,960
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    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 161.8 1.2 Jardine C&C 5218 98.0 1.9 GLD 10US$ ***** 87.1 0.5 DBXT SPASX200 10US$ 4094 51.0 1.0 STXPO 100 555 35.0 6.7 Lyxor MS India 10US$ 1364 34.8 2.1 UOB.ES.1303 1961 33.0 1.7 UOB 1957 29.0 1.5 CityDev 1141 26.0
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    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 2349 -149.3 -4.9 JSH 3790 -112.0 -2.3 JMH 6280 -110.8 -1.4 DBXT S&P Short 10US$ 3238 -48.5 -1.2 DBXT MSINDO 10us$ 1668 -46.0 -2.2 Lyxor China H 10US$ 1459 -44.8 -2.4 DBXT FTChina25 10US$ 2900 -27.4 -0.8 DBXT AUD Bonds 5AU$ *****
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      198 9 THE ALL NEW QUATTROPORTE. A CELEBRATION OF ELEGANCE, TECHNOLOGY AND POWER. The all new Maserati Quattroporte is more than just the finest sports sedan. It blends extraordinary beauty with the uncompromising performance of the new V8 engine. A classic grantourer with that unmistakable Italian design and engineering precision that only
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  • SINGAPORE NEWS
    • Article
      Lock icon Doctors without Borders raises patent alert on TPP pact
      469 10  -  It urges 11 Apec members to object to clauses hurting developing countries By MALMINDERJIT SINGH A LEADING international medical non-governmental organisation (NGO) has urged 11 member countries of the Asia-Pacific Economic Cooperation (Apec) forum to register their objections to some clauses
      469 words
    • Article, Illustration
      Lock icon Trilinq in Clementi, Sennett in Potong Pasir set for launch
      638 10  -  Both seen fetching average prices of around $1,400 psf By KALPANA RASHIWALA AT least two major condominium projects will be released for sale this week IOI Group’s The Trilinq in Clementi and Tuan Sing’s Sennett Residence next to Potong Pasir
      638 words
    • Article
      Lock icon Ultra Mansion sold en bloc to Fantasia
      394 10  -  $149.13m bid wins tender after announcement of property cooling measures By GRACE NG ULTRA Mansion, a 13-storey freehold development about 500m from Novena MRT station, has been sold through a collective sale for $149.13 million. The price works out to $1,170 per sq
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    • Article
      Lock icon India business school holding alumni event in Singapore
      419 10  -  Global business leaders to attend IIM meeting By MALMINDERJIT SINGH INDIA’S premier business school has chosen Singapore as the venue for its first-ever global alumni event. IIMPact 2013: New Frontiers, held next month, will bring together global business leaders and alumni from
      419 words
    • Article
      Lock icon Compliance, risk experts in demand
      625 10  -  New industry regulations shape recruitment focus By NATHANIEL CHEW THE demand for compliance and risk experts will surge in 2013, said recruitment firm Robert Half at the launch yesterday of its 2013 Salary Guides for the banking and finance, and commerce and industry sectors in
      625 words
    • Article
      Lock icon Nominations open for Ernst & Young entrepreneur award
      289 10  - Nominations open for Ernst Young entrepreneur award By AMANDA TAN ERNST Young has opened nominations for its 12th Entrepreneur of the Year (EOY) award. Members of the public have until May 31 to submit the names of outstanding entrepreneurs who have shown entrepreneurship and innovation in building businesses with global
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      86 10 ASSETS FOR SALE The following assets are for sale on an “as-is-where-is” basis: Server with Server Rack Acer/Compaq/Dell/Fujitsu/IBM/Sony Notebooks Apple iMac, eMac and PowerMac G4 LG/Polyview/Samsung/Viewsonic Monitors CISCO Wireless Access Points D-Link/Linksys Wireless Notebook Adapters D-Link/Juniper Ethernet Switches Aztech/Ericsson Ethernet Adapters Toshiba Digital Business Phone System with 29 Phones Panasonic
      86 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Genting’s new purchase fails to boost shares
      403 11  -  But analysts agree Vegas acquisition was a good deal By PAULINE NG in Kuala Lumpur DESPITE analysts agreeing that Genting Bhd’s acquisition of an 87-acre property in Las Vegas for US$350 million was a good deal given the huge discount amid a pick-up
      403 words
    • Article
      Lock icon More storage tanks needed in Indonesia, M’sia: palm oil body
      319 11 Bloomberg [SINGAPORE] Indonesia and Malaysia, the world’s two biggest palm oil producers, need to construct more storage tanks to manage supply better in peak-output months, according to the Malaysian Palm Oil Council. The countries must also add biodiesel plants to
      Bloomberg  -  319 words
    • Article
      Lock icon PICTET
      273 11 Pictet-Absl Rtn Glo Cons-P EUR 01.03.2013 EUR 104.87 Pictet-Absl Rln Glo Div-P EUR 01.03.2013 EUR 118.75 Pictet-Asian Equities Ex Japan-P USD 01.03.2013 USD 181,74 Pictet-Asian Local Currency Debt-P USD 01.03.2013 USD 155,13 Pictet-Biotech-P USD 04.03.2013 USD 391.14 Pictet-Clean Energy-P USD 01.03.2013 USD 66.81 Pictet-Digital Communlcation-P USD 01.03.2013 USD 153.58
      273 words
    • Article
      Lock icon ‘Welfarist’ manifesto of M’sian opposition scary: economist
      634 11  -  He lauds commitment to essential freedoms, but says PR plan will hurt Malaysia in future By in S JAYASANKARAN in Kuala Lumpur A MALAYSIAN economic commentator has released a lucid critique of the opposition’s election manifesto, describing it as a “welfarist” document that
      634 words
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      155 11 k e9~ss* «7ip ftp s*. K w no V IT A 4ff II M < it .tStiv s x r> a new event experience de si pried around you From international conferences to your next annual event, at the rejuvenated Pan Pacific Singapore you can meet, greet and entertain in
      155 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Current account deficit India’s main concern
      148 12 Reuters [PUNE] India’s record high current account deficit is the country’s biggest concern, the Finance Ministry’s chief economic adviser Raghuram Rajan (above) said yesterday. India’s current account deficit widened to a record high of 5.4 per cent of GDP in the September quarter as
      Reuters  -  148 words
    • Article, Illustration
      Lock icon Bayer loses cancer drug patent case
      606 12 Judge allows Indian firm to sell generic version of drug at a much lower price Reuters [CHENNAI] An Indian patent appeals board upheld on Monday a decision to allow a domestic company to sell a generic version of Bayer AG’s cancer drug Nexavar, in
      Reuters; PHOTO: AP  -  606 words
    • Article
      Lock icon China relaxing RQFII rules to boost A-share market
      582 12  -  By WINNIE LIU EJ Insight [HONG KONG] China’s securities regulator is set to relax rules to allow more foreign investors to put their offshore renminbi holdings into the A-share market. Market observers expect that a fresh wave of RMB funds, including 200
      EJ Insight  -  582 words
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      102 12 m tcfc if m ■s e EECC Kill 0 rr mmsm J=r S I IBlUBEI ii--. l.F fm r; 'L (!>♦% F-: f\uj^/ U kiSS92 o m S592 ISS92 »=J> o f 1 Ss kiss ■•V >'.?! *s N /> •tx s iSB/' sjk vv 4S>V A getaway at Singapore's
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  • GREATER CHINA
    • Article
      Lock icon Top bankers’ pay in China lowest in a decade
      596 13 Compensation for MDs at global banks down as much as 60% since 2010 Bloomberg [HONG KONG] Investment bankers in China can say goodbye to big pay packages. Compensation for managing directors at global financial firms in China, including Morgan Stanley, JPMorgan
      Bloomberg  -  596 words
    • Article, Illustration
      Lock icon China creates mining titans to clinch foreign buyouts
      515 13 Bloomberg [HONG KONG] A record wave of consolidation in China’s mining industry is creating bigger companies that will have the muscle to compete with the likes of BHP Billiton for overseas acquisitions. Even after Chinese domestic mining mergers reached US$19.6 billion last
      Bloomberg; PHOTO: BLOOMBERG  -  515 words
    • Article
      Lock icon Hang Seng Bank profit jumps 15%
      350 13 Loan margin, China business underpin strong performance Bloomberg [HONG KONG] Hang Seng Bank Ltd, the Hong Kong lender controlled by HSBC, posted a 15 per cent jump in 2012 profit, beating analysts’ estimates as lending and fee income rose. Net income climbed to HK$19.4
      Bloomberg  -  350 words
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      208 13 I have what it takes cl rt) I Triple Crown Accreditation for Bradford University Business School Bradford University School of Management joins the world’s elite of business schools as it receives the The Association to Advance Collegiate Schools of Business (AACSB)’ quality award, giving it the 'triple crown’ of accreditations.
      208 words
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      170 13 Combining 212 years of experience, 50 locations worldwide and 2 leading teams with 1 single goal to offer you: the new reference in wealth management. Julius Baer welcomes all clients of Merrill Lynch’s International Wealth Management outside the U.S. Through the perfect combination of private client heritage and investment expertise
      170 words
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  • WORLD
    • Article
      Lock icon Frugality psyche hits spending on recreational goods in the US
      617 14 Americans are now buying what they need versus what they want Bloomberg [NEW YORK] Televisions, club memberships and boats are accounting for a smaller share of US consumer spending since the recession. Americans spent about US$782.5 billion for recreational goods,
      Bloomberg  -  617 words
    • Article, Illustration
      Lock icon Aussie central bank leaves rates on hold
      501 14 AFP [SYDNEY] Australia’s central bank kept interest rates steady at 3 per cent yesterday, saying downside risks in the global economy appeared to have eased while there were signs previous cuts were working. At its monthly meeting in Sydney, the Reserve Bank of
      AFP; PHOTO: BLOOMBERG  -  501 words
    • Article
      Lock icon Brazil equities to bounce back after dull year: JPMorgan
      501 14 Bloomb erg [SAO PAULO] Brazil’s share of Latin American equity sales will rise to more than 50 per cent as the economy rebounds and new offerings more than double, JPMorgan Chase Co said. Brazilian initial public offerings and secondary deals may
      Bloomberg  -  501 words
    • Article
      Lock icon German IT sales forecast to top 153b euros
      713 15 Merkel says industry a key potential source for growth in the eurozone AFP [HANOVER] Germany’s IT industry lobby Bitkom forecast sales growth in 2013 to rise by 1.4 per cent to 153.3 billion euros (S$249 billion), driven by a solid market in
      AFP  -  713 words
    • Article, Illustration
      Lock icon Rice farms set for record crop: council
      666 15 UN data shows Thai rice reserves soar 40% to new high Bloomberg [SINGAPORE] Farmers are preparing to plant a record rice crop that will boost inventories held by the world’s biggest exporters to the highest ever. Harvests will climb 1.2 per cent to
      Bloomberg; PHOTO: AFP  -  666 words
    • Article
      Lock icon Prudential Financial buys office tower
      310 15 Bloomberg [SAN FRANCISCO] Prudential Financial Inc, the second-biggest US life insurer, bought a San Francisco office tower amid increased investor demand for commercial real estate in the city, according to two people familiar with the deal. The insurer’s real estate investment management unit, Prudential Real
      Bloomberg  -  310 words
    • Article, Illustration
      Lock icon Ads carried by Google promoting ivory trade, alleges advocacy group
      456 15 AP [BANGKOK] A conservation group claims that Google has something in common with illicit ivory traders in China and Thailand: It says the Internet search giant is helping fuel a dramatic surge in ivory demand in Asia that is killing
      AP; PHOTO: AP  -  456 words
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      Lock icon Investors are ready but UK govt is not willing
      954 16 Inadequate policy, lack of rules stop them from funding infrastructure work Bloomberg [LONDON] The UK’s biggest investors want to put billions of pounds into British infrastructure, creating jobs and growth in an economy that is still smaller than it was in
      Bloomberg; PHOTO: REUTERS  -  954 words
    • Article
      Lock icon Citi books US$579m for rejected pay plan
      562 16 The profit-sharing plan is on top of salaries and bonuses Bloomberg [NEW YORK] Citigroup executives stand to collect US$579 million under prof-it-sharing plans that include the one shareholders voted against last year. The lender booked a US$246 million expense in 2012 tied to
      Bloomberg  -  562 words
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      Lock icon Myanmar vows new openness in oil deals
      382 16 AFP [YANGON] Myanmar pledged a new era of transparency on Monday in its oil and gas industry, as it courts foreign investors after decades of secretive rule by a junta accused of plundering natural resources. Speaking at a conference attended by several major
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    • Article
      Lock icon Australia beckons with best job offer
      351 16 AFP [SYDNEY] Australia’s tourism industry yesterday resurrected its hugely popular “Best Jobs in the World” campaign, offering a chance to become a Chief Funster, Taste Master or Outback Adventurer. The marketing push is targeting the youth segment, which contributes A$12 billion (S$15.2 billion) annually
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    • Article
      Lock icon Europe’s co-op banks turn to preferred stock
      684 17 Stricter Basel capital requirements prompt search for alternative funding Bloomberg [COPENHAGEN] Many co-operative banks across Europe are looking for alternatives to exchange-traded equity to bolster their regulatory buffers. Nykredit A/S will target preferred stock as its ticket to Basel III compliance as Europe’s
      Bloomberg  -  684 words
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      Lock icon Buffett wants a bear at his AGM
      766 17 Call for applications is latest twist in meeting format The Washing ton Post [NEW YORK] Warren Buffett has attracted sceptics throughout his career when the stock of his Berkshire Hathaway languished. Now that the shares are rallying, the billionaire is looking for another
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    • Article
      Lock icon UK legal aid cuts undermine rule of law
      422 17 Supreme Court president says people will feel they are denied access to justice Reuters [LONDON] Britain’s plans to limit access to taxpayer-funded legal advice and representation could undermine the rule of law, the country’s most senior judge warned yesterday. The government hopes
      Reuters  -  422 words
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      Lock icon Roche chairman to step down next year after a long reign
      367 17 Reu ters [ZURICH] Roche’s influential chairman Franz Humer yesterday said he will not stand for re-election next year when he will have served 16 years at the helm of the Swiss drugmaker as chief executive and chairman. “Roche is
      Reuters; PHOTO: REUTERS  -  367 words
    • Article
      Lock icon Asian integration slowing down, says ADB
      579 18  -  Fear of contagion, eurozone problems forcing a pause and rethink, says report By ANTHONY ROWLEY in Tokyo ECONOMIC integration among countries in Asia has run into a number of roadblocks and while regional cooperation is significantly greater now than it was five years ago,
      579 words
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      Lock icon Service firms grow at fastest pace in a year
      388 18 Feb growth buoyed by higher sales, more new orders LATEST US DATA AP [WASHINGTON] US service companies grew in February at the fastest pace in a year, buoyed by higher sales and more new orders. The gain suggests that higher taxes
      AP  -  388 words
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      Lock icon Republicans offer plan to avoid govt shutdown
      640 18 Reuters [WASHINGTON] Tension over the US fiscal crisis eased on Monday as President Barack Obama called more opposition lawmakers to find a way to stop US$85 billion in damaging budget cuts and congressional Republicans announced a plan to prevent a government shutdown. Eager
      Reuters; PHOTO: REUTERS  -  640 words
    • Article
      Lock icon It’s UK vs 26 on EU bank bonus cap
      563 18 Reuters [BRUSSELS] British finance minister George Osborne was isolated among his EU counterparts yesterday as he lobbied to water down a European cap on bankers’ bonuses, measures popular with an angry public that blames banks’ excesses for the financial crisis. European
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    • Article
      Lock icon Troika team in Cyprus to study state-run firms
      321 18 AFP [NICOSIA] A delegation from the troika of international lenders was in cri-sis-hit Cyprus yesterday to gather data on semi-govern-mental organisations as part of a deal to finalise a bailout package, officials said. Technocrats were in Nicosia to check the assets, projects
      AFP  -  321 words
    • Article, Illustration
      Lock icon Glencore’s 2012 profit drop offset by trading
      659 19 25% slide in net income in line with market expectations Reuters [LONDON] A rise in profits from trading helped Glencore offset lower prices in 2012, with net income down by a quarter as the commodities group prepares to seal a US$34 billion takeover
      Reuters; PHOTO: BLOOMBERG  -  659 words
    • Article
      Lock icon PokerStars’ Jersey bid blocked
      460 19 Group against online firm’s quest for Atlantic City licence Bloomberg [LOS ANGELES] The US casino industry is opposing an effort by PokerStars, the biggest Internet gambling company, to buy an Atlantic City property as New Jersey prepares for online betting. The American Gaming Association, which has
      Bloomberg  -  460 words
    • Article
      Lock icon Medicare plans overpaid by up to US$5.1b: govt auditors
      439 19 Bloomberg [WASHINGTON] Health insurers that offer private plans in the US Medicare programme for the elderly and disabled were overpaid by as much as US$5.1 billion over the past three years, US government auditors said. The report from the Government Accountability
      Bloomberg  -  439 words
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      108 14 i ,e £aobao reader!* to 6 issues P e Certainly, loyal readers open up opportunities for advertisers. A survey shows that Lianhe Zaobao has an increasingly affluent readership. What's more, the influential publication is read by a total of 764,000**. Indeed its strong focus on local and international news, complemented
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      189 15 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG EXECUTIVE PROGRAMMES i It Expand. Enhance. Excel. i VS Management Development Programme Nanyang Global Strategy. Asian Perspectives. 15 24 Apr 2013 *2-11 Sep 2013 The only constant is change. Stay ahead in this everchanging global business landscape with the Management Development Programme Nanyang.
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      349 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF SFL MANAGEMENT (SINGAPORE) PTE. LTD. (“the Company”) (Co. Reg. No. *****3926M) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 13A Mackenzie
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      50 16 Connecting Buyers Sellers at Gifts Premiums Fair 2 0 13 10-12 JULY 2013 Marina Bay Sands, Singapore for •1* Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|Sl Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848 4182 Email: SGPFair@bizlink.com.sg Website: www.SGPFair.com
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      22 16 JCISS92 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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      166 17 WATS RECRUIT Toll free 1800-289-8822 Email recruit@sph.com.sg www.cats.com.sg/recruit l?OS INTELLECTUAL PROPERTY OFFICE OF SINGAPORE Building an Intellectual Property Hub of Asia 'z* > V rmJ. i JUDGING INVENTIONS A Career as a Patent Examiner for Scientists and Engineers Intellectual Property (IP) is the currency in an innovation-driven economy. Effective use
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      89 18 <=> AVAILABLE FROM 12 TO 28 MARCH, FOR DINNER ONLY. b three A CELEBRATION OF SEAFOOD FROM NORWAY Savour the best of Norwegian delicacies at Triple Three. Let Guest Chef Adrian Lovold impress you with his Salmon and Saithe signature creations and delight in the buffet line-up of the freshest
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      2268 19 8* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices i TRITECH GROUP LIMITED (Company Registration No.: *****9330R) NOTICE OF EXPIRY OF WARRANTS TO ALL HOLDERS OF WARRANTS W*****8 (“WARRANTS”) TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF TRITECH GROUP LIMITED (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fast S’pore-KL rail link: a game changer
      482 20 EDITORIAL THE recent surprise announcement by the governments of Singapore and Malaysia about their intention to build a high-speed rail (HSR) track between the two capital cities has sent into overdrive speculation about the fate of other transport linkages between the two countries.
      482 words
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      Lock icon International cooperation needed to stop cyber-attacks
      755 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA’S parliament, the National People’s Congress, meets this week and will nominate Xi Jinping, the Communist Party leader, as the country’s new president and Li
      755 words
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      Lock icon Today’s decisions and future energy needs
      949 20  -  Greenhouse gas emissions rising as fast as energy needs and the world must act quickly By PETER VOSER The writer is chief executive officer, Royal Dutch Shell. Shell’s New Lens Scenarios was published on Feb 28 on www.shell.com/scenarios FIRM and far-reaching policies can address
      PHOTO: AFP  -  949 words
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      Lock icon What would Robin Hood have done?
      1779 21  -  Policymakers face a balance in raising revenues for increased social spending while catering to a fairer tax system By TAN TAY LEK The writer is a partner at PwC Services LLP S THE dust settles after last week’s Budget 2013 announcement and the full
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      Lock icon Michael Dell isn’t trying to pull a fast one
      1168 21  -  By WILLIAM D COHAN The writer is a Bloomberg View columnist and a former investment banker at Lazard Freres, Merrill Lynch and JPMorgan Chase Bloomberg MICHAEL Dell roiled Wall Street and the technology industry by announcing last month that he and
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  • Transport HUB
    • Article, Illustration
      Lock icon Battery-powered ships the way to go
      537 22  -  Infrastructure will be less of an issue compared with LNG bunkering, says DNV By LYNN KAN CLASSIFICATION society DNV has said that there could be room for Singapore to introduce zeroemission battery-powered vessels but only after it ushers in liquified natural gas (LNG) bunkering.
      537 words
    • Article
      Lock icon Taking total loss of shipping by the horns
      885 22  -  More accurate weather forecasts and a freshly tested way to keep ships from sinking could make all the difference STRAIT TALK DAVID HUGHES STATISTICS from the International Union of Marine Insurance (IUMI) indicate that the leading cause of total loss of shipping
      885 words
    • Article
      Lock icon Sri Lanka’s China-built port gets moving
      680 22 Reuters [COLOMBO] Sri Lanka will start storing bunker fuel at the US$1.5 billion Hambantota port in June, a senior official said, after years of delays to the Chinese-built installation that sits on strategic shipping lanes, and a key step to making it commercially viable.
      Reuters  -  680 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 22 SGX '000 Mar 5 5S >/- Vol CH Offshore Chuan Hup Hldg Cosco Corp CWTUd Ezra Hldgs 0.48 .0.28 ...092 ...0.13 unch unch 0.02 001 0.02 27 211 1852 791 5312 322 Freight Links Grand Banks lava Hold Ltd .0 08 0 39 071 Unch 0.02 001 5103
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    • SEA ASIA 2013
      • Article, Illustration
        Lock icon Offshore surging ahead with one eye on the competition
        2701 23  -  Although sentiment within the industry is generally upbeat, players remain wary of global economic conditions, reportsVINCENT VINCENT WEE WHILE the offshore market remains one of the few bright spots in the global maritime industry, Singapore companies, which are among those at
        2,701 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Too early to cheer air cargo’s 5% rise in January
        481 24  -  The year-on-year comparison likely skewed by timing of Chinese New Year By VEN SREENIVASAN IS the long-suffering global air-freight business starting to recover, or was January’s 5 per cent year-on-year growth a blip? That is the question the International Air
        481 words
      • Article
        Lock icon Rise in air traffic control errors in the US: report
        1052 24 WP [WASHINGTON] Federal investigators confirmed on Monday that errors by the nation’s air traffic controllers have increased sharply, challenging the Federal Aviation Administration’s (FAA) contention that most of the jump was due to better data collection. The inspector general for
        WP  -  1,052 words
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        Lock icon Wait times at US airports normal despite budget cuts
        579 24 Reuters [WASHINGTON] US Secretary of Homeland Security Janet Napolitano on Monday cautioned airline passengers to get to the airport extra early because US spending cuts have already led to long lines at some security checkpoints and said the coming furloughs will
        Reuters; PHOTO: AP  -  579 words
      • Article
        Lock icon Carbon pricing needed to control emissions
        308 24 Reuters [BRUSSELS] Aviation pollution can only be stabilised by the middle of the century if a price is set on airline carbon emissions, research said, countering industry hopes that green goals can be met via technology improvements and biofuels. A European Union (EU) scheme
        Reuters  -  308 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Toyota positive on Europe as profits roll in
        606 25 The carmaker is aiming to sell one million vehicles in the region by 2015 Reuters [GENEVA] Toyota Motor Corp will turn a profit in its European car business during the current fiscal year for the first time since 2007, a feat the
        Reuters  -  606 words
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        Lock icon Labour unrest threatens plant closings from Peugeot to Ford
        1024 25 Bloomberg [PARIS] Wim Dries was at the public swimming pool with his kids last month when a loudspeaker announcement asked him to take an urgent call. On the line was the head of Ford Motor Co’s factory in Genk, Belgium, who
        Bloomberg; PHOTO: AFP  -  1,024 words
  • Page 22 Advertisements
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      52 22 kiSS92 FM 1 Look stylish with a Tod's D-Styling Bauletto Piccolo. Tune in to Kiss92 to find out how to make this yours! PARTNER REEBONZ REEBONZ.COM Kiss us always! like us on D facebook.com/kiss92fm follow us on 0kiss92fm www.kiss92.sg DOWNLOAD THE KISS92 MOBILE APR NOW! KISS92 IS PART OF SPH
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      352 24 CRYPTIC CROSSWORD Across 1 Story about returning nobleman (7) 5 Buy and sell vehicles (7) 9 A thespian’s initially found in that place (7) 10 Discreet priest with dirty religious books (7) 11 Split peas sorted and graded (9) 12 Busybody’s a bloody snitch (5) 13 First hit of the
      352 words
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      695 25 Amplify Your Brand Business With Strategic Planning Who should attend: Brand owners. Social Media Digital Marketers, Public Relations Practitioners, Business Developers, Sales Managers Personnel, Senior and Middle Management, Supervisors and Jobseekers Tertiary Students looking to develop personal excellence. 2013 MARCH SERIES <//.t* ini/. 6 STJOB No.1 FULL-DAY WORKSHOPS Corporate Leadership:
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  • Article
    Lock icon SHIPPING TIMES
    2742 26 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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      197 27 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT
      197 words
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      Lock icon Page 27 Advertisements Column 2
      0 27 )}!}=^_;)$~-$?;}*@+/{<)}{-"&;.]
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3332 28 Transaction date: Mar 5 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 98 59 ABR Hldgs 66 unch 345 67 66 66 67 3.1 3 10.6 132.6 Vol Day
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      Lock icon SGX CATALIST
      216 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 2.1 unch ***** 2.1 2 2 2.1 31.3 Vol ('000) Day High Last Quote Low Buyer
      216 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10583 29 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 Local Ccy SD Bond 1.0047/ Asian Smaller Cos'" 1 9775/ EM Local Ccy Bond 1.0077/ European Opportunities 1 1 1387/ Global Emerging Markets 1
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    • Article
      Lock icon GLOBALQUOTE
      258 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 29 40 37.5 39 40 3.6 9 3.1 101.6 46.5 30 Genting HK US$ US46 +1 6563 46 45 45.5 46 3028.9
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    • Article
      Lock icon SGX ETF
      930 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.6 -0.3 7 118.9 118.6 118.7 118.8 541.4 135.9 120.4 CIMB APAC Div 100S$D 135.8 134 134.9 111.7 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      623 30 Mar 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.57 *****.42 *****.38 Mar13 *****.00 *****.00 *****.00 *****.00 *****1 *****2 Jun13 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 283.15 286.14 283.15 Mar13 282.10 285.80 281.40 284.90 ***** *****5 Apr13 283.30
      623 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Mar 4 Index Change Change Change Change Change Change World Preliminary 1001.0 -0.1 6.7 0.5 6.9 0.0 4.7 EAFE Preliminary 831.9 -0.1 7.4 0.6 5.3 0.0 3.2 Europe Preliminary 1209.1 -0.1 5.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 30 Mar 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.051 6.369 0.785 7.941 55.933 99.237 0.954 11.126 3.174 1.235 100.476 41.682 1.274 9.273 0.963 30.394 30.492 0.677 1.024 Canada 0.952 6.062
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    • Article
      Lock icon PRECIOUS METALS
      136 30 Mar 5 GOLD(US$/oz) Mar 04 Mar 05 Hong Kong 1586.00 1589.70 Mar 01 Mar 04 London 1578.10 1573.86 1578.92 1574.63 Source: Thomson Reuters CAST BAR Mar 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 63 5gm 404 317 10gm 721 633
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    • Article
      Lock icon CHICAGO BOT
      108 30 Mar 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1490.25 1464.50 1492.25 1460.00 May 13 1462.00 1443.50 1464.25 1434.25 Jul 13 1443.25 1427.25 1445.75 1417.50 Aug 13 1402.25 1388.00 1404.00 1378.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13
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    • Article
      Lock icon LIFFE
      80 30 Mar 4 COCOA (£/tonne) Close Prev High/Low Mar 13 1362 1381 1383/1360 May 13 1388 1406 1407/1386 Jul 13 1404 1422 1424/1402 Sep 13 1419 1436 1435/1417 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2071 2072 2070/2063 May 13 2122 2115 2125/2100 Jul 13 2132 2123 2135/2111 Sep 13 2140
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    • Article
      Lock icon SIBOR
      66 30 Mar 5 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 30 Mar 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 30-May-13 0.25 6-Month BS*****H 22-Aug-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.08 100.13 100.07 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      59 30 Mar 5 Mar 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2398.0 2384.0 2399.0 2390.0 64 2438 Apr 13 2406.0 2389.0 2407.0 2386.0 956 ***** May 13 2426.0 2400.0 2428.0 2389.0 ***** ***** Jun 13
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      903 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 15.2 0.8 4375 1 27 -2 2.83 27 Best World Intl Ltd
      903 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 30 CRUDE OIL PRODUCTS Mar 04 CRUOtr (Pf)fc DllfllPi) U$SAhui*I CIOS? Change Bfcnf blend n Mtt* f) 1M.18 1,22 m (Htsr MW S995 0.90 Ddbal (T IWi n 104 V 0,20 (upij blwai m<VJ ■OJJ Mirras T12 »d -n n PRODUCT i'pore) Close Chanqe Wuptrtl in 104.150 -1,^3 ivl K'muvW' m,u
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Mar 5 S$ Bid Offer 1-month 1.2444 1.2454 2-months 1.2444 1.2454 3-months 1.2444 1.2454 6-months 1.2442 1.2456 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 30 Mar 4 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1928.75 1932.00 3 months 1973.00 1975.00 Copper, Grade A(US$/tonne) Cash 7695.00 7673.00 3 months 7725.00 7703.00 Lead(US$/tonne) Cash 2196.75 2227.50 3 months 2216.00 2244.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Mar 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2739 1.2750 1.0237 1.0238 Canadian dollar 1.2123 1.2137 0.9746 0.9742 Euro 1.6232 1.6246 1.3044 1.3045 NZ dollar 1.0311 1.0326 0.8286 0.8291 Sterling pound 1.8812 1.8832 1.5117 1.5121
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Mar 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.300 1.239 Can dollar 1.242 1.183 Euro 1.662 1.583 Sterling pound 1.920 1.847 NZ dollar 1.065 1.005 US dollar 1.271 1.211 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      158 30 Mar5 Mar 5 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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 0.55
      158 words
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      401 31 E for Essential E*TRADE PRO Absolute Complete Options Tools Options Analyzer Strategy Optimizer Oo*l °08oCHJ Bid 17.94 )>lp4900 Ask 17 95 x 9100 Volume 57,104,011 *sr *2: i c Analyze Retel 268 —‘A' P MCro Probability Calculator Strategy Opllmiier Option! Analyier ProbaWiy Calcutelor Option! Screener Symbol P ooo Latl •'.ail
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  • executive Money
    • Article, Illustration
      Lock icon Cash is not king when it comes to investment
      771 32  -  All the cash $528 billion at the end of January is earning next to nothing sitting in the banks, reports TEH HOOI LING reportsTEH reportsTEH HOOI LING WITH their judgments clouded by a flawed assessment of risk and return, retail investors
      PHOTO: AFP; Source: Franklin Templeton Investments  -  771 words
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      Lock icon Why continue to invest in bonds?
      1153 32  -  By TIM PEACH The writer is managing director of Man in Asia BENJAMIN Franklin famously said: “An investment in knowledge pays the best interest.” This sentiment probably strikes a chord with most investors regardless of their level of expertise. After all, following a largely
      PHOTO: REUTERS  -  1,153 words
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      Lock icon Berkshire eyes more Heinz-like deals
      1173 31 Money managers Weschler and Combs to get more funds to invest: Buffett Reuters Bloomberg [CHARLOTTE, North Carolina] Berkshire Hathaway Inc is on the hunt for more deals similar to its planned purchase of HJ Heinz Co, Warren Buffett, the conglomerate’s chief executive, said on Monday.
      Reuters; Bloomberg; PHOTO: AFP  -  1,173 words