The Business Times, 20 March 2013
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2013-03-20
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The Business Times
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Title Section25 2013-03-20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, March 20, 201325 words
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857 2013-03-20 1 ANDREA SOH - After dismal showing last year, the sector is again set to offer investors the benefits of diversification By ANDREA SOH [SINGAPORE] Reports pointing to the death of commodities as an investment class appear wildly exaggerated. In fact, despite the doom-and-gloom headlines, the857 words
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MARKETS DIGEST
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Article65 2013-03-20 1 GST INDEX 3,269.13 (+12.66) GST INDEX FUTURES 3,263.00 (+13.00) GSIMSCI 370.16 (+1.19) GSIMSCI FUTURES 370.20 (+1.90) US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.509 1.886 EURO (US$/S$/€ 1.293 1.616 Foreign currency per US$ S$ YEN 95.40 76.30 RM 3.122 2.498 HK$ 7.760 6.209 BAHT 29.37 23.50 RUPIAH65 words
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Article48 2013-03-20 1 Tuesday Change KL COMP 1,625.46 +4.10 NIKKEI 225 12,468.23 +247.60 HANG SENG 22,041.86 -41.50 SET INDEX 1,568.25 -23.40 JAKARTA COMP 4,822.63 +19.80 MANILA COMP 6,426.25 -109.93 SEOUL COMP 1,978.56 +10.38 SHENZHEN B 780.56 -0.44 MUMBAI IND 19,008.10 -285.10 12noon EDT Change DOW 14,413.31 -38.75 NASDAQ 3,220.05 -17.5448 words
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Article21 2013-03-20 1 SINGAPORE 5.38 MALAYSIA 6.55 INDONESIA 5.00 TAIWAN 13.362 TAIWAN 5.036 BRITAIN 1.475 KOREA 9.33 BRITAIN INDIA US Source: Bloomberg21 words
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515 2013-03-20 1 NEIL BEHRMANN - Proposal softened, but it is still likely to be rejected by Cypriot parliament By in London NEIL BEHRMANN in London THE party of Cyprus President Nicos Anastasiades will abstain from taking part in a parliamentary vote on an EU bailout due to515 words
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Page 1 Advertisements
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Advertisement151 2013-03-20 1 US ECONOMY New home construction up slightly in February PAGE 2 COEs Premium for big cars expected to recover, but not fully PAGE 3 EXEC MONEY Investment: Not quite out of the woods yet PAGE 32 STRAIT TALK Ferry safety needs to be home grown PAGE 22 Cyprus bailout: EU’s151 words
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TOP STORIES
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600 2013-03-20 2 Building permits advance 4.6% to 946,000, strongest since June 2008; these are signs of progress in market LATEST US DATA Bloomberg [WASHINGTON] New US home construction rose in February and building permits climbed to the highest level in almost five years, adding toBloomberg - 600 words
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543 2013-03-20 2 ANDREA SOH - Prices have dropped to below US$1,580, from US$1,790 high By ANDREA SOH [SINGAPORE] Which way are gold prices headed? The jury’s still out. Analysts, it seems, cannot agree on whether the recent drop in gold prices will continue into the year. Speculation that the543 words
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Article551 2013-03-20 2 Commodities back from the brink, ready to bounce REPORTS pointing to the death of commodities as an investment class appear wildly exaggerated. In fact, despite the doom-and-gloom headlines, the sector seems set to provide investors the benefit of diversification, industry observers say. FRONT PAGE Europe jittery as Cyprus551 words
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642 2013-03-20 2 ANDREA SOH - Chairman sees another bull phase in 2 to 3 years By ANDREA SOH in Hong Kong DESPITE the turbulence of the commodities market in the past few years, Noble Group says that it sees an unprecedented amount of opportunities and is confident of another bull642 words
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Article, Illustration988 2013-03-20 2 GRACE LEONG - Ex-Nimrod GM says she deferred to MD who saw regional potential By GRACE LEONG [SINGAPORE] The prosecution’s key witness in the Peter Lim corruption case has flatly denied giving oral sex to the accused to advance her company’sPHOTO: LIM SIN THAI/THE STRAITS TIMES - 988 words
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482 2013-03-20 3 SAMUEL EE - Market has been packaging Cat B models with COEs pegged at $50,000 to $60,000, says a dealer BY SAMUEL EE [SINGAPORE] Car showrooms have been busy since last week’s fall in COE premiums, with Category B models benefiting more482 words
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Article, Illustration710 2013-03-20 3 President Xi urges focus on shared interests rather than differences Reuters [BEIJING] The world’s top two economies, China and the United States, have pledged to put trade and economic issues at the top of their diplomatic agenda as Chinese President Xi JinpingReuters; PHOTO: AP - 710 words
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Advertisement19 2013-03-20 2 The best pure-play private bank in Asia EFG Bank 7?jI Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com19 words
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Advertisement24 2013-03-20 3 BANK OF THE YEAR IFR AWARDS 2012 —Bff.flfc..,: ?Mbbsb> am I S! *C. A CORPORATE INVESTMENT RANKING WEALTH MANAGEfflEt ASSET MANAGEMENT SECURITIES SERVICES INSURANCE24 words
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COMPANY NEWS
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Article1464 2013-03-20 4 MA XIANGYU, LIM JIA YING - but analysts say risks are high, and returns may take a while. MA XIANGYU and LIM JIA YING survey the prospects for sectors MA XIANGYU, LIM JIA YING SINGAPORE investors looking to venture into Myanmar can still find reasonable value beyond the usual suspects, but analysts1,464 words
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669 2013-03-20 5 CAI HAOXIANG - No trend yet on Chinese state-owned companies buying S-chips here: analysts By CAI HAOXIANG CHINA New Town Development (CNTD) shares were up 7 per cent in Singapore yesterday but down 11 per cent in Hong Kong, a day669 words
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Article268 2013-03-20 5 R SIVANITHY - By R SIVANITHY CHINA Auto Corp (CAC) has bought into Femto Pte Ltd, a high-tech, Singapore-in-corporated firm specialising in nanotechnology fuel additives that aim to reduce fuel consumption in the shipping industry, paying $20,000 for a 20 per cent stake that is currently valued268 words
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Article232 2013-03-20 5 JASMINE NG - By JASMINE NG A SUBSIDIARY of Midas Holdings has won a 22.7 million euro (S$36.7 million) contract to supply aluminium alloy extrusion profiles to the Russian railway market. Midas said yesterday that the deal was sealed between Jilin Midas Aluminium Industries and Ural Locomotives, which232 words
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445 2013-03-20 5 LEE MEIXIAN - By LEE MEIXIAN SHIPPING trust Rickmers Maritime is planning to raise net proceeds of $98.5 million from a non-underwritten renounceable one-for-one rights issue to repay bank loans. The loans include a top up facility granted in 2008 –the most stringent of Rickmers’ current bank445 words
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487 2013-03-20 7 CAI HAOXIANG - Bourse will move to a ‘comply or explain’ basis for reporting such standards By CAI HAOXIANG THE Singapore Exchange (SGX) is pushing for more stringent sustainability standards among listed companies here, and will move to a “comply or explain” basis for reporting such standards.487 words
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COMPANY BRIEFS
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89 2013-03-20 7 CHINA Aviation Oil (Singapore) Corporation Ltd (CAO) and its subsidiaries have won contracts to supply aviation fuel to Air China at three international airports. The 18-month contracts start on April 1 and the aggregate contractual volume for the term is89 words
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106 2013-03-20 7 SINGAPORE Technologies Aerospace, the aerospace arm of ST Engineering, has injected fresh capital into an associated engine leasing business. Through its wholly owned unit ST Aerospace Engines (STA Engines), ST Aerospace injected a pro rata share of an additional US$4.05 million into the capital106 words
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360 2013-03-20 7 MICHELLE QUAH - By MICHELLE QUAH RENEWED fears of a hard landing for the Chinese economy are tempering global fund managers’ optimism about the country’s economic growth. Reflecting a sharp drop in China growth expectations, the net percentage of them seeing a stronger China economy has plummeted360 words
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406 2013-03-20 7 MARIA MALA YOGALINGAM - By YOGALINGAM MARIA MALA YOGALINGAM KEEP buggering on (KBO) is DBS Group Research’s catchphrase for its quarterly market outlook which sees Asia back to par this year. According to DBS, GDP growth in Asia will experience mild acceleration this year, rising to 7.3406 words
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Article, Illustration249 2013-03-20 7 ARTHUR LEE - By ARTHUR LEE FREE coffee is being served in the forecourt of the Singapore Exchange (SGX) building between 8am and 3pm this week. The joe serves two purposes: to generate support for SGX’s upcoming corporate run, The Bull Charge, and toPHOTO: ARTHUR LEE - 249 words
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Page 4 Advertisements
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Advertisement580 2013-03-20 4 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 Jr/iA ST OBS No.l Awarded Best in Cross Media580 words
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Advertisement287 2013-03-20 5 Singapore Everyday Banking London Property Melbourne School Fees Overseas Investment Paris Vacation Your local and foreign currency transactions all in one account. 6 We are introducing DBS Multi-Currency Autosave DBS Multi-Currency Autosave makes managing your money easier and more efficient. Like a giant wallet, it gives you room to save287 words
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SINGAPORE MARKETS
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Article, Illustration596 2013-03-20 6 R SIVANITHY - Cyprus worries weigh on market; rotation of penny stocks continues albeit with lower volume STOCKS R SIVANITHY Senior Correspondent AFTER an initial bounce yesterday, most probably helped along by heavy doses of short-covering that pushed the Straits Times Index (STI) up 27 points to 3,283,Source: Bloomberg - 596 words
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Article73 2013-03-20 6 Mar 19 VALUE CLOSE BT OB/OS -387.00 -168.00 BT CADI -*****.00 +83.00 BT 10-day MA -*****.00 -39.00 FTSE ST Mid Cap 805.01 +4.78 FTSE ST Small Cap 562.85 +2.02 FTSE ST All Share 804.25 +3.40 FTSE ST China Top 216.26 +1.46 FTSE ST China 243.89 +2.61 FTSE73 words
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Article56 2013-03-20 6 VOLUME SingHaiyi 672,694,000 Annica 280,926,000 ChinaNTown 198,786,000 Golden Agri 100,605,000 WE Hldgs 85,345,000 Thai Beverage 73,462,000 Innopac 69,270,000 IPCO Intl 52,800,000 Equation 49,000,000 YHM 44,573,000 VALUE($) CapitaLand 60,844,070 GLP 60,831,880 Golden Agri 58,089,229 HK Land 50,919,214 Thai Beverage 44,962,780 Keppel Corp 42,106,350 DBS Grp 41,112,821 OCBC Bk56 words
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Article186 2013-03-20 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 2 0 0 0 8 4 2 Manufacturing 50 40 41 13 6 7 63 46 48 Commerce 29 16 20 5 3 3 34 19 23 Tpt/Stor/Comms 16 12 12186 words
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Article, Illustration897 2013-03-20 6 KENNETH LIM - Compiled by KENNETH LIM Cache Logistics Trust March 19 close: $1.28 AmFraser Research, March 19 CACHE Logistics Trust announced the close of a private placement of 70 million new units at an issue price of $1.24 per new unit. Net proceeds will amount to approximately $84.2 million. Funds897 words
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Article123 2013-03-20 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 57,614 57,614 73,743 73,743 Manufacturing 272,710 425,427 698,137 148,676 11,561 160,236 Commerce 102,158 134,173 236,331 107,502 7,530 115,032 Tpt/Stor/Comms 63,535 11,716 75,251 102,893 4,436 107,329 Finance 89,384 209 89,593 138,024 45 138,068 Construction 98,918 45,273123 words
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Article110 2013-03-20 6 Stock name Close Change Stock name Close Change CapMallsAsia 2.080 +0.050 CapitaLand 3.510 +0.050 CapitaMall 2.090 -0.010 CityDev 10.770 -0.080 ComfortDelGro 1.925 +0.035 DBS Grp 15.500 +0.070 F&N 9.440 GLP 2.630 +0.020 Genting SP 1.455 Golden Agri 0.570 -0.010 HK Land 7.000 +0.160 JMH 64.730 +0.170110 words
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Article, Illustration466 2013-03-20 6 CURRENCIES Bloomberg [LONDON] The euro yesterday weakened for a seventh day against the Swiss franc after Cyprus’ Defence Minister Fotis Fotiou said that Parliament may not vote on a bank-deposit levy again today, fuelling speculation that the nation’s bailout will falter. TheBloomberg; PHOTO: BLOOMBERG - 466 words
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Article107 2013-03-20 6 BY CENTS CLOSE UP IS S&P500 ***** 148.7 0.8 Jardine C&C 5320 100.0 1.9 JSH 4000 50.0 1.0 DBXT FTVietnam 10US$ 2558 35.0 1.1 DBXT MSAsExJp 10US$ 3273 30.0 0.7 UOL 696 22.0 3.3 JMH 6473 21.3 0.3 HK Land 700 20.0 2.3 DBXT MSTHAI 10US$ 2317 17.5 0.6107 words
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Article133 2013-03-20 6 BY CENTS CLOSE DOWN DBXT MSINDO 10us$ 1585 -103.7 -5.0 DBXT MSJAP 10US$ 4104 -57.5 -1.1 DBXT MSCHINA 10US$ 1159 -48.7 -3.3 Lyxor LatinAmerica 1 758 -31.3 -3.2 DBS Bk 4.7% NCPS 100 ***** -30.0 -0.3 DBXT S&P Short 10US$ 3184 -18.8 -0.5 DairyFarm 1185 -18.8 -1.3 DBXT iBoxxSing133 words
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SINGAPORE NEWS
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441 2013-03-20 8 TEH SHI NING - Finance insurance sector improved 4.7% to earn best sector score of 71.7 By TEH SHI NING BANKS and insurance providers raised their customers’ satisfaction levels last year, driving the national customer satisfaction index of Singapore (CSISG) to its highest level since its441 words
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Article, Illustration375 2013-03-20 8 NATHANIEL CHEW - By NATHANIEL CHEW AN industrial building at 19 Enterprise Road in Jurong has been put up for sale by Jones Lang LaSalle. The single-storey factory, previously owned by Eng Lee, comprises warehouses, offices, and production areas. It has a built-up area of375 words
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Article, Illustration478 2013-03-20 8 NG SAI YING - By NG SAI YING 2013 looks to be a good year for undergraduate education: Yale-NUS College and Lee Kong Chian School of Medicine will officially open this year, while new undergraduate programmes such as NUS’ Business Analytics and NTU’s Public Policy andFILE PHOTO - 478 words
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455 2013-03-20 8 WEE LE TING - This despite their dissatisfaction with rising cost of living By WEE LE TING SINGAPOREANS are the happiest people in Asia if the extent to which they express their euphoria on social media platforms is any indicator of happiness. This is according455 words
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294 2013-03-20 8 LIM JIA YING - By LIM JIA YING FRENCH menswear label Celio will open two more stores in Suntec City and JEM in Jurong in May, in partnership with the Jay Gee Melwani Group. Founded in 1985 in Paris, with more than 1,000 stores in 70 countries,294 words
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Article, Illustration547 2013-03-20 8 NATHANIEL CHEW - Its life insurance sales grew 25% to $1.36 billion By NATHANIEL CHEW AVIVA Singapore has unveiled a strong set of results for 2012, posting healthy year-on-year growth. Its life insurance sales grew 25 per cent to $1.361 billion, while operating profits before547 words
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LIVING IN STYLE
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Article, Illustration1282 2013-03-20 9 SARA YAP - Modern, casual eateries may be the latest ‘in’ thing in Singapore, but fine dining is here to stay. Chefs at some of the city’s top restaurants tell SARA YAP how they keep diners coming back SARA YAP JAAN ADAPABILITY is a skill that has helpedYEN MENG JIIN - 1,282 words
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Page 9 Advertisements
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Advertisement173 2013-03-20 9 £f\ 1BE. sf ==S A finer dining experience. With our compliments. p R E S T G E c^| '•"S 03/18 EUGENE LIM tfo&nBM Introducing Citi Prestige. Your passport to a world of unforgettable experiences. A complimentary glass of wine awaits you and your guest at selected restaurants* all over173 words
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Advertisement8 2013-03-20 9 This series is brought to you by Cltl8 words
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MALAYSIA/INDONESIA
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Article, Illustration560 2013-03-20 10 PAULINE NG - Report released ahead of national polls expected to be held by end of April By PAULINE NG in Kuala Lumpur MALAYSIA’S Prime Minister Najib Razak yesterday pointed to the “huge economic strides” made under his administration, and called for the continued supportPHOTO: BLOOMBERG - 560 words
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284 2013-03-20 10 Reuters [JAKARTA] Indonesia’s central bank said it hoped to introduce a market-based reference rate for the rupiah from April, as part of efforts to create a local benchmark for the currency. In February, Bank Indonesia (BI) said it plannedReuters - 284 words
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436 2013-03-20 10 S JAYASANKARAN - It offers cheap entry into high returns sector, say analysts By in Kuala S JAYASANKARAN in Kuala Lumpur ALAM Maritim Resources seems to have caught the fancy of investors wanting to get into Malaysia’s sizzling oil and gas sector but not wanting to436 words
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381 2013-03-20 10 Ber nama [KUALA LUMPUR] The group chief executive of Malaysian low-cost carrier AirAsia, Tony Fernandes, says he is ready to list AirAsia X, the long-haul affiliate of AirAsia Bhd, on the local bourse in June. He said on Monday that AirAsia X hadBernama - 381 words
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Article332 2013-03-20 10 Plctot-Ab*l Rtn Glo Cons-P EUR 15.03.2013 EUR 105.44 Piciet-Absl Rtn Glo Oiw-P EUR 15 03 2013 FUR 110.56 Plctat-Aslan EqulUe* E* Japan-P USD 15.03.2013 USD 1 76.21 Plctet-Aslan Local Currency Deb(-P USD 15 03 2013 USD 154,54 Piclat-Biotech-P USD 18 03 2013 USD 412.30 Pictet-Clean Encrgy-P USD 15.03.2013 USD332 words
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Advertisement103 2013-03-20 10 CATS CLASSIFIED PROPERTY SEMINAR 2013 OPPORTUNITIES IN PROPERTY INVESTMENTS? Get insights and a glimpse of emerging trends from experts in the real estate industry! Date: 23 March 2013 (Saturday) Time: 9am 1 pm or 2pm 6pm Venue: 30 Biopolis St, Matrix, Level 2 Auditorium Ticket Prices: $28 per ticket $23103 words
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Advertisement61 2013-03-20 10 Connecting Buyers Sellers at Gifts Premiums Fair 2 0 13 10-12 JULY 2013 Marina Bay Sands, Singapore for E*hVbW° r Extensive P^" cW Qua tV location convenient leSer 51oD AY! Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf!l Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel:61 words
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GREATER CHINA
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Article, Illustration572 2013-03-20 11 Feb foreign direct investment up 6.3% to US$8.21b, first rise in 9 months Bloomberg [BEIJING] China’s foreign direct investment (FDI) rose for the first time in nine months in February, a sign that confidence in the world’s second-biggest economy is improving amid optimism thatBloomberg; PHOTO: BLOOMBERG - 572 words
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383 2013-03-20 11 Reuters [BEIJING] China will hold three rounds of trade negotiations with Japan and South Korea this year and step up talks with other trading partners, the Ministry of Commerce said, as US efforts to seal a trans-Pa-cific free trade deal gather pace.Reuters - 383 words
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373 2013-03-20 11 Bloom berg [SHANGHAI] China State Construction Engineering Corp, which is building the country’s tallest tower, said materials used in all its projects meet quality standards as the southern city of Shenzhen conducted inspections on builders. Samples from buildings, including the 660-metre Ping AnBloomberg - 373 words
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Advertisement3108 2013-03-20 11 M1 LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) 1 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 11th Annual General Meeting of the ordinary shareholders of the Company will be held at The Fullerton Hotel Singapore, Ballroom 2, Lower Lobby, 1 Fullerton Square,3,108 words
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INDIA
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591 2013-03-20 12 DMK withdraws support over govt’s approach to alleged Sri Lanka war crimes Bloomberg Reuters [NEW DELHI] The largest ally in Indian Prime Minister Manmohan Singh’s coalition has withdrawn its support over what it said was the government’s approach to alleged war crimes inBloomberg; Reuters - 591 words
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Article, Illustration438 2013-03-20 12 Scope for further monetary easing stays limited: RBI Bloomberg [MUMBAI] India’s central bank has cut interest rates for the second time this year to revive investment and bolster the weakest economic growth in a decade, while saying the scope for further monetary easingBloomberg; PHOTO: AFP - 438 words
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379 2013-03-20 12 Reu ters [NEW DELHI] Sunil Mittal, the chairman of India’s biggest telecommunication carrier Bharti Airtel, was ordered to appear before an Indian court in a case over alleged corruption in allocating mobile phone bandwidth more than a decade ago. The court yesterdayReuters - 379 words
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ECONOMY WATCH
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Article, Illustration803 2013-03-20 13 Opening key sectors not easily reversible: industry minister Reuters [OTTAWA] Canada will be cautious about liberalising foreign investment rules for sensitive economic sectors because it’s very hard to reverse a decision once it’s been made, Industry Minister Christian Paradis said in an interviewReuters; PHOTO: REUTERS - 803 words
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639 2013-03-20 13 Strong employment, retail data show economy responding to stimulus Reuters [SYDNEY] Australia’s central bank felt there were enough signs of life in the economy to hold off cutting interest rates at its March 5 review even though a benign inflation outlook gave itReuters - 639 words
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WORLD
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604 2013-03-20 14 The widely watched ZEW investor confidence index, at 48.5, is highest since 2010 AFP [FRANKFURT] Investor sentiment in Germany hit its highest level in three years this month, data showed on Tuesday, shrugging off fears, at least for now, that Italy and CyprusAFP - 604 words
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Article, Illustration490 2013-03-20 14 US and EU struggled to meet deadline for Basel regulations Bloomberg [LONDON] The largest global banks increased their core reserves by about 166 billion euros (S$268 billion) during the first half of last year, regulators said. The world’s 101 biggest banksBloomberg - 490 words
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386 2013-03-20 14 Bloomberg [AMSTERDAM] UBS, Switzerland’s biggest bank, plans to pull out of a panel setting Euribor rates, following an exodus of lenders including Citigroup and Rabobank Group in the wake of scandals involving interest-rate benchmarks. UBS is withdrawing its involvement withBloomberg - 386 words
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Article, Illustration474 2013-03-20 14 AP [VATICAN CITY] Pope Francis urged princes, presidents, sheiks and thousands of ordinary people gathered for his installation Mass yesterday to protect the environment, the weakest and the poorest, mapping out a clear focus of his priorities as leader of the world’sAP; PHOTO: AFP - 474 words
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Article, Illustration424 2013-03-20 14 MA XIANGYU - By MA XIANGYU [SINGAPORE] Samsonite International S.A., in an earnings report yesterday, announced that net profit attributable to shareholders was up 71.1 per cent from the previous year, having gone from US$87 million in FY 2011 to US$148 million in FY 2012. NetPHOTO: BLOOMBERG - 424 words
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344 2013-03-20 14 Bloomberg MAA S T R I C H T t h e Netherlands] Sotheby’s is in talks with Tefaf, the world’s biggest art and antiques fair, on holding an event in China. Tefaf Beijing 2014 is planned as a collaborationBloomberg - 344 words
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Article, Illustration890 2013-03-20 15 Cyprus bailout terms prompt investors to unload bonds of top 4 Italian banks NYT [LONDON] As financial markets tried to digest Europe’s unprecedented decision to impose bailout losses on Cypriot bank depositors, a second front of fear has broken out in the European debtNYT; PHOTO: BLOOMBERG - 890 words
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Article, Illustration569 2013-03-20 15 NYT [SAN FRANCISCO] The chief executive of Electronic Arts resigned on Monday, a victim of a troubled environment for the big video game companies as well as of internal missteps. “After six years I feel it is the right time for me toNYT - 569 words
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Article, Illustration648 2013-03-20 15 Former official sees better dialogue with investors Bloom berg [TOKYO] Incoming governor Haruhiko Kuroda and his two deputies are the “right people” to lead the Bank of Japan (BOJ) because of their ability to communicate policy intentions to investors, a former central bankBloomberg; PHOTO: REUTERS - 648 words
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814 2013-03-20 16 Senate expected to approve spending bill after clearing procedural hurdles AP [WASHINGTON] Congress is finally cleaning up its unfinished budget business for the long-underway 2013 budget year with a bipartisan government-wide funding bill, even as the combatants in the House and Senate gear upAP - 814 words
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Article, Illustration372 2013-03-20 16 AFP [NEW YORK] US banking giant Citigroup said on Monday it will pay US$730 million to settle a class-action suit by bondholders related to the 2008 financial crisis. The suit alleged Citigroup misled buyers of its bonds over its exposure to sub-prime mortgagesAFP; PHOTO: BLOOMBERG - 372 words
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Article, Illustration238 2013-03-20 16 AP [CARACAS, Venezuela] Venezuela will launch a “complementary” foreign exchange system to facilitate the supply of US dollars to priority sectors of the economy, acting President Nicolas Maduro said on Monday. Mr Maduro told state television that the government was expected to provide moreAP - 238 words
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281 2013-03-20 16 Reuters [NEW YORK] Rising US home prices last year helped more homeowners get back above water on their mortgages in the fourth quarter a fresh sign of improvement in the housing market, data from CoreLogic showed yesterday. There were 10.4 million homeowners whoReuters - 281 words
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Article, Illustration476 2013-03-20 16 Re uters [LOS ANGELES] MGM, the storied movie studio that exited bankruptcy protection in 2010, posted a more than a three-fold increase in 2012 net income, the company said on Monday. Blockbuster hits Skyfall and The Hobbit bolstered its profit last year toReuters; FILE PHOTOS - 476 words
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263 2013-03-20 16 Bloom berg [HANOI] Vietnam will allow the establishment of exchange-traded funds (ETFs) as part of efforts to boost the nation’s equity market. Under a Ministry of Finance circular that comes into effect on Sept 1, ETF shares will have a par value of 10,000Bloomberg - 263 words
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774 2013-03-20 18 Task force to encourage sterling sales of Shariah debt after first issue in Jan Bloom berg [JAKARTA] The UK government, two years after cancelling a sovereign sukuk issue, is seeking to revive its bid to become an industry hub by hunting forBloomberg - 774 words
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Article, Illustration89 2013-03-20 18 [VALENCIA, Spain] A figure depicting German Chancellor Angela Merkel (left) as a teacher instructing other figures depicting Spain Prime Minister Mariano Rajoy (third from right), Spain Economy Minister Luis de Guindos (second from right) and Spain Deputy Prime Minister Soraya Saenz de Santamaria (far right) during thePHOTO: REUTERS - 89 words
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Article, Illustration498 2013-03-20 18 NYT [NEW YORK] Virginia Rometty, the chief executive of IBM, recently urged her employees to take 40 hours of continuing education this year. The company would not reimburse tuition, but would pay for expenses, like textbooks. The offer inspired Todd Watson, an IBMNYT - 498 words
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391 2013-03-20 18 Bloom berg [CANBERRA] Two ministers in Australian Prime Minister Julia Gillard’s government rejected reports they’ve lost confidence in her leadership, as opinion polls show her Labor party is on course to lose the September election. “Those stories aren’t true,” Foreign Minister Bob CarrBloomberg - 391 words
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567 2013-03-20 18 Hiring to continue as firm reorganises, says president Bloom berg [BOSTON] BlackRock Inc, the world’s biggest money manager, is cutting about 300 jobs, extending a reorganisation that included the shakeup of its investment units last year. BlackRock will reduce its workforce by lessBloomberg - 567 words
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328 2013-03-20 18 AFP [PARIS] The OECD trimmed its growth forecast for France yesterday, but recommended the government avoid more spending cuts to meet its EU deficit reduction pledges. The Organisation for Economic Cooperation and Development said that it now expects the French economy to grow by 0.1AFP - 328 words
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695 2013-03-20 19 Firm, seen as more serious than HP or Lenovo, may bid as part of group Bloomberg [NEW YORK] Blackstone Group LP is weighing a bid for Dell Inc, the computer maker seeking offers to rival the proposed US$24.4 billion buyout by its founderBloomberg - 695 words
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950 2013-03-20 19 Reuters [LONDON] Thirty years ago, when the world faced the terrifying prospect of an untreatable disease known as AIDS, big drugmakers scented an opportunity and raced to develop new medicines. Today, as the world confronts another crisis, this time one of antibiotic resistance,Reuters - 950 words
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Article, Illustration398 2013-03-20 19 Argentina says illegal scheme let clients hide over US$100m AP [BUENOS AIRES] Argentina’s government on Monday accused the British banking giant HSBC of facilitating money laundering and tax evasion. Tax chief Ricardo Echegaray said HSBC’s Argentina subsidiary created an illegal scheme enabling its clientsAP; PHOTO: AP - 398 words
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Page 15 Advertisements
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Advertisement157 2013-03-20 15 A s ur p r i s eigawai t i Celebrate the season of renewal with family and friends at Pan Pacific Singapore. From $98 H per adult and $49' 1 per child, enjoy a delicious Good Friday Dinner (29 and 30 March 2013) or Sunday Brunch (31 March 2013)157 words
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Advertisement32 2013-03-20 16 n U FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. ~> Cl U' J v J Call 1800 289 8822 or email recruit@sph.com.sg to advertise. 1 I L U132 words
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Advertisement2481 2013-03-20 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HENGXIN f 4? TECHNOLOGY HENGXIN TECHNOLOGY LTD. (carrying on business in Hong Kong as HX Singapore Ltd.) (Company Registration Number *****4927H) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of2,481 words
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Advertisement2643 2013-03-20 17 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Total Amount Offered Minimum Denomination MAS 1 Intended Tender Amount 2 Issue Code ISIN Code Issue Date/Settlement Date Maturity Date 1 Coupon Rate Yield and Price Coupon Payment Dates 1 First Coupon Payment Date 1 Method of2,643 words
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Advertisement1465 2013-03-20 19 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Draffen J group DRAGON GROUP INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****6761C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of DRAGON GROUP INTERNATIONAL LIMITED (the “Company”) will be held at1,465 words
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Advertisement592 2013-03-20 19 NOTICE TO CREDITORS OF FIRST MEETING IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) HSS ENGINEERING PTE LTD (IN COMPULSORY LIQUIDATION) CO. REG. NO. *****0450G COMPANIES WINDING UP NO. 170 OF2012/J (2) PREMIERE VISIONE RESOURCES INC. PRIVATE LIMITED (IN COMPULSORY LIQUIDATION) CO. REG.592 words
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EDITORIAL & OPINION
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484 2013-03-20 20 EDITORIAL THE recent revival of eurozone worries because of a controversial bailout for Cyprus has given investors a stark reminder that not only are Europe’s debt problems far from over, but that markets may have become too complacent, resulting in risks being mis-priced partly484 words
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Article, Illustration792 2013-03-20 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICA doesn’t need a charm offensive; America needs a candour offensive. The budget debate’s central reality is that federal retirement programmes, led by Social Security and Medicare, are crowding out most other government spending.The Washington Post Writers Group - 792 words
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Article, Illustration1152 2013-03-20 20 MICHAEL ROUSE - New book provides the means for other countries to learn from the Singapore experience By MICHAEL ROUSE The writer is distinguished research associate, University of Oxford, and independent international adviser and past president of the International Water Association IT IS highly appropriate that thePHOTO: CECILIA TORTAJADA/FILE PHOTO - 1,152 words
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Article, Illustration1375 2013-03-20 21 CHARLES WYPLOSZ - Cyprus bailout EU’s latest blunder It’s created a situation more perilous than ever before, and all the ingredients of a self-fulfilling crisis are now in place By CHARLES WYPLOSZ The author is professor of international economics at the Graduate Institute, Geneva. This commentary was sourced from VoxEU.org a web portalPHOTO: AP - 1,375 words
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Article, Illustration666 2013-03-20 21 CARLOS A PRIMO BRAGA - By CARLOS A PRIMO BRAGA The writer is professor of international political economy and director of The Evian Group IMD THE death of Hugo Chávez elicited very different political reactions around the globe. In economic terms, however, Venezuela’s caudillo (military dictator) was a terrible666 words
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Transport HUB
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674 2013-03-20 22 DAVID HUGHES - While expert help is useful, developing countries must regard safer ferries as part of overall economic development STRAIT TALK By DAVID HUGHES OVER the years this column has commented many times on the dangerous state of small and not so small domestic passenger ferries674 words
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364 2013-03-20 22 Reuters [BANGALORE] The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, continued to rise on Monday primarily driven by higher panamax rates and bolstered by the smaller dry bulk segment. Th e overa ll iReuters - 364 words
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Article, Illustration548 2013-03-20 22 Reuters [LONDON] Many oil tanker owners are struggling to survive as weak freight rates and escalating costs batter profitability with the industry looking for ways to ride out one of the worst ever slumps, a top market official said on Monday. Shipowners wentReuters; PHOTO: REUTERS - 548 words
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496 2013-03-20 22 Bloomberg [STOCKHOLM] Alfa Laval AB and Waertsilae Oyj, two Nordic makers of machines that remove sulphur from ship fumes, are poised to benefit as the owners of some 2,000 vessels race to comply with stricter rules for the Baltic Sea.Bloomberg - 496 words
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Article239 2013-03-20 22 SGX '000 Mar 19 S$ +/-Vol CH Offshore 0.48 unch 52 Chuan Hup Hldg 0.27 -0.01 402 Cosco Corp 0.90 unch 1879 s$ Ezra Hldgs 1.11 0.01 1172 First Ship Lea CH Offshore Freight Links Cosco Corp Grand Banks.............unch unch 0 Jaya Hold Ltd 0.90 K1Ventures 0.18 unch239 words
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SEA ASIA 2013
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Article, Illustration3061 2013-03-20 23 VINCENT WEE - Stakeholders are ramping up environmental standards but face challenges in implementing green measures, reportsVINCENT VINCENT WEE IN TERMS of green shipping, Asia is not renowned for its environmental standards but ironically, it is one region where a tremendous amount of progress is being made,FILE PHOTO - 3,061 words
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TRANSPORT HUB: AVIATION
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Article, Illustration642 2013-03-20 24 It’s also looking for ways to increase cooperation with United to boost sales Bloomberg [TOKYO] All Nippon Airways Co (ANA), Japan’s largest airline by sales, is looking for acquisitions and partnerships in countries such as India and Thailand after raising US$1.8 billion inBloomberg; PHOTO: AP - 642 words
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Article, Illustration927 2013-03-20 24 NYT [HONG KONG] Air New Zealand the airline that has enlisted body-painted pilots, rugby stars and hobbits for its in-flight safety instructions has deployed the special forces in the fight to make safety videos less boring: Bear Grylls, a bug-eating, urine-drinking, cliff-scaling BritishNYT - 927 words
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338 2013-03-20 24 Bloomberg [HONG KONG] Myanmar, the South-east Asian nation that exited 50 years of military rule in 2011, offers investors the best growth opportunity in the region, said Hari Achuthan, whose firm is betting US$700 million on the country. ACO Investment Group, co-founded by Mr AchuthanBloomberg - 338 words
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301 2013-03-20 24 Reuters [SEATTLE] Boeing Co technical workers voted by a wide margin to ratify a new four-year labour agreement with the company, ending the possibility of a strike that could have cut production at a critical time for the aircraft maker. A strike byReuters - 301 words
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TRANSPORT HUB: LAND
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Article, Illustration766 2013-03-20 25 AFP [DETROIT] With auto sales in Europe stalled, Fiat is pushing Chrysler to boost production at key US plants over the opposition of blue-collar workers who don’t like the new work schedules. Less than four years after Chrysler was saved from certain death by aAFP; PHOTO: AP - 766 words
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599 2013-03-20 25 But more expensive alternative fuel vehicles could turn off consumers AFP [WASHINGTON] Greener cars that use alternative fuels could help the US slash its greenhouse gas emissions from everyday driving a full 80 per cent by 2050, according to a scientific study ThatAFP - 599 words
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Page 22 Advertisements
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Advertisement61 2013-03-20 22 march sUE CAB BUD*** «o*n> B585S T ptcoRoess ZAFIRAvs §8b|8SS v> BREAKFAST WITH TORQUE 6 APRIL 2013, SATURDAY WAKE UP TO A BRIGHT AND "STARRY” MORNING WITH THE STUNNING MERCEDES-BENZ A-CLASS! SIGN UP NOW A1 50% OFF 1-YEAR DIGITAL SUBSCRIPTION TORQUE DIGITAL EDITION IS AVAILABLE ON YOUR MOBILE DEVICES! VISIT61 words
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Advertisement32 2013-03-20 22 KISS92P All the great songs in one place fjM K' ss CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm Q@kiss92fm32 words
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Advertisement13 2013-03-20 24 omy.sg WWW. T 'Vi I L asumiiifflii SWaIEAb! lafSQR Code T%mm blog.omy.sg/use-mandarin I13 words
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Advertisement16 2013-03-20 24 China's renewed coolingmeasures sendsalesof second-hand homes surging inmanyplaces To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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Page 24 Miscellaneous
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Miscellaneous328 2013-03-20 24 CRYPTIC CROSSWORD Across 1 You may get the point of this today (6,5) 7 Some gigolo! Nerdy one with no friends (5) 8 Tricky task: sell a pitch (5,4) 10 Head of the Arts replaced by very predatory creature (7) 11 Minute outwardly powerless muscles (7) 12 Popular place for328 words
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Page 25 Advertisements
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Advertisement464 2013-03-20 25 a SINGAPORE Asia Pacific Real Estate Convention Expo 2013 Convention: 20 22 March 2013 I Exposition: 21 23 March 2013 I Marina Bay Sands Singapore Visit The Largest Real Estate Expo In The Asia FREE Admission to the Expo and Property Investment Seminars PUBLIC SEMINAR TOPIC HIGHLIGHTS "UK Residential Property464 words
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Article2757 2013-03-20 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/New2,757 words
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Page 26 Advertisements
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Advertisement27 2013-03-20 26 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times27 words
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Advertisement17 2013-03-20 26 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times17 words
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Page 27 Advertisements
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Advertisement146 2013-03-20 27 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE146 words
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SINGAPORE STOCKS
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Article3264 2013-03-20 28 Transaction date: Mar 19 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 Cap3,264 words
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Article202 2013-03-20 29 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 1.8 unch 1702 1.9 1.8 1.8 1.9 26.8 Last Quote Div Gr Yld Net M Cap High202 words
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Article8873 2013-03-20 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 1.005/ Asian Smaller Cos'" 2 0098/ EM Local Ccy Bond 1.0084/ European Opportunities 1 1 1664/ Global Emerging Markets 18,873 words
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Article249 2013-03-20 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46.5 30 Genting HK US$ US45.5 -0.5 6070 46 45 45 45.5 2996 Last 260 181 TanChongInt HK247 -3 12 247 247 247 250 4.3 2.8249 words
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Article939 2013-03-20 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 $mil 126 107.1 ABF SG Bond ETF 118.6 -0.4 10 118.6 118.6 117.8 118.7 541.4 136.8 120.4 CIMB APAC Div 100S$D 136.8 136 136.3 111.7 95.8 CIMB939 words
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FINANCE & COMMODITIES
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Article626 2013-03-20 30 Mar 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.16 *****.12 Jun13 *****.00 *****.00 *****.00 *****.00 *****6 *****0 Sep13 *****.00 *****.00 *****.00 *****.00 5 159 MSCI TAIWAN INDEX FUTURES SPOT 281.89 282.99 281.08 Mar13 279.70 282.20 278.80 280.70 ***** *****3 Apr13 279.50626 words
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373 2013-03-20 30 In local curr In S$ In US$ dy yr dy yr dy yr Mar 18 Index Change Change Change Change Change Change World Preliminary 1024.0 -0.6 9.1 -0.7 9.5 -0.8 7.1 EAFE Preliminary 851.1 -1.1 9.9 -1.3 7.7 -1.4 5.3 Europe Preliminary 1238.9 -0.5 8.0373 words
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Article471 2013-03-20 30 Mar 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.061 6.446 0.802 8.048 56.286 100.718 0.989 11.528 3.238 1.258 101.786 42.192 1.296 9.539 0.983 30.843 30.453 0.687 1.037 Canada 0.943 6.078471 words
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Article67 2013-03-20 30 Mar 19 (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$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP67 words
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Article134 2013-03-20 30 Mar 19 GOLD(US$/oz) Mar 18 Mar 19 Hong Kong 1610.50 1612.00 Mar 15 Mar 18 London 1592.85 1607.34 1593.65 1608.56 Source: Thomson Reuters CAST BAR Mar 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 64 5gm 411 322 10gm 734 644134 words
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Article92 2013-03-20 30 Mar 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 20-Jun-13 0.26 0.22 0.22 6-Month BS*****T 19-Sep-13 0.26 0.23 0.23 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-13 100.12 5-Year92 words
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Article57 2013-03-20 30 Mar 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2398.0 2414.0 2425.0 2398.0 898 5355 May 13 2407.0 2416.0 2429.0 2397.0 5978 ***** Jun 13 2405.0 2415.0 2426.0 2397.0 ***** ***** Jul 13 2401.0 2414.057 words
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Article155 2013-03-20 30 Mar 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2958 1.2965 1.0368 1.0373 Canadian dollar 1.2217 1.2224 0.9780 0.9775 Euro 1.6162 1.6166 1.2932 1.2934 NZ dollar 1.0301 1.0304 0.8242 0.8244 Sterling pound 1.8859 1.8863 1.5090 1.5092155 words
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Article107 2013-03-20 30 Mar 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1409.50 1426.00 1425.25 1404.25 Jul 13 1394.50 1410.75 1409.25 1388.25 Aug 13 1356.75 1370.25 1368.75 1350.75 Sep 13 1295.75 1301.50 1301.00 1287.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13 49.68107 words
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Article80 2013-03-20 30 Mar 18 COCOA (£/tonne) Close Prev High/Low May 13 1414 1427 1424/1409 Jul 13 1429 1441 1437/1423 Sep 13 1440 1452 1445/1435 Dec 13 1447 1458 1453/1443 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2145 2159 2146/2144 May 13 2176 2192 2189/2170 Jul 13 2179 2194 2193/2175 Sep 13 217780 words
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878 2013-03-20 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv AlliedTech W*****2 Exer Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 Disc Best World Intl Ltd W*****5 6.5 1 30 74 3.23 4878 words
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Article70 2013-03-20 30 CRUDE OIL PRODUCTS Mar 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.09 -0.79 WTI (Near Mth) 93.77 0.28 Dubai (1-Mth F) 104.41 -1.14 Tapis blend 114.17 -1.36 Minas 108.67 -1.36 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.72 -2.17 Jet Kerosene 123.27 -0.46 US$/barrel OpecOil Basket70 words
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Article22 2013-03-20 30 Mar 19 S$ Bid Offer 1-month 1.2498 1.2499 2-months 1.2497 1.2499 3-months 1.2497 1.2499 6-months 1.2493 1.2504 Source: OCBC22 words
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Article67 2013-03-20 30 Mar 18 Mar 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1893.50 1923.30 3 months 1936.00 1964.00 Copper, Grade A(US$/tonne) Cash 7542.00 7724.50 3 months 7575.00 7752.00 Lead(US$/tonne) Cash 2162.25 2201.25 3 months 2185.00 2222.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.0067 words
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Article121 2013-03-20 30 As at 9am Mar 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.250 1.191 Euro 1.654 1.576 Sterling pound 1.920 1.847 NZ dollar 1.065 1.005 US dollar 1.274 1.214 Local dollars to 100 units of foreign121 words
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Article161 2013-03-20 30 Mar 19 $S Offer Bid 0vernight 0.10 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.15 US$ 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 12161 words
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executive Money
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Article, Illustration1547 2013-03-20 32 TEH HOOI LING - Thirty countries in the world today are in zero or negative real interest rate environment, reportsTEH TEH HOOI LING THE rise of inflation, the overvaluation of bonds, the relative value of equities, especially in emerging markets, and Japan’s turnaround were among the major1,547 words
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Article, Illustration566 2013-03-20 31 DILIP PARAMESWARAN - Investors should keep favouring them over investmentgrade bonds By DILIP PARAMESWARAN Dilip Parameswaran is the founder and head of Asia Credit Advisors, Hong Kong, an investment advisory firm ASIAN high-yield bonds have had a tremendous run since the global financial crisis. InSource: JPMorgan Asia Credit Index - 566 words
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Article, Illustration1551 2013-03-20 31 Bloomberg [REYKJAVIK] Iceland, a country with a US$13 billion economy, had six dollar billionaires before the financial crisis struck in 2008. Now it has none. Five of the men including former West Ham soccer team owner Bjorgolfur Gudmundsson and Baugur Group hf founder Jon Asgeir JohannessonBloomberg; PHOTO: BLOOMBERG - 1,551 words
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553 2013-03-20 31 Bond holders may be forced to sell if interest rates rise Bloomberg [SINGAPORE] Wealthy Asian investors who have borrowed against their houses to buy bonds may find themselves among forced sellers if interest rates rise, spurring a price slump in vulnerable securities, accordingBloomberg - 553 words
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Advertisement120 2013-03-20 32 TRADE THE WORLD'S MOST LIQUID MARKET WITH YOUR LOCAL FOREX SPECIALIST Deal around the clock on a wide range of major, minor and exotic currency pairs. Access tight spreads with EUR/USD and AUD/USD from just 0.8 pips, and unique risk management tools. Plus, FX rebates available for high-volume traders. Find120 words
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