The Business Times, 25 March 2013

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

Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, March 25, 2013
    25 words
  • 890 1  -  The government’s property cooling measures and MAS’s car financing curbs are impacting loan sales By TEH SHI NING [SINGAPORE] While the full impact of the latest property and car measures is yet to be seen, banks have begun to feel the pinch
    890 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,258.57 -27.48 KL COMP 1,626.89 -0.75 NIKKEI 225 12,338.53 -222.42 HANG SENG 22,115.30 -417.81 SET INDEX 1,478.97 -119.16 JAKARTA COMP 4,723.16 -96.16 MANILA COMP 6,518.71 -135.89 SEOUL COMP 1,948.71 -37.8 SHENZHEN B 802.79 +5.00 MUMBAI IND 18,735.60 -691.96 DOW 14,512.03 -2.08 NASDAQ 3,245.00 -4.07 S&P
      57 words
    • 20 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 TAIWAN 13.432 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
      20 words
    • 49 1 US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.518 1.899 EURO (US$/S$/E) 1.290 1.614 Foreign currency per US$ S$ YEN 94.60 75.70 RM 3.111 2.487 HK$ 7.763 6.207 BAHT 29.32 23.44 RUPIAH 9,743 7,790 RENMINBI 6.213 4.968 INDIAN RUPEE 54.37 43.47 A$ 0.958 0.766 NZ$ 1.201 0.960
      49 words
  • 865 1  -  Volumes plunge in Q1 as investors turn their attention to equity markets By SIOW LI SEN [SINGAPORE] The Singapore bond market has gotten off to a slow start this year following a blockbuster 2012; with volumes plunging 35 per cent in the first quarter
    Source: Thomson Reuters  -  865 words
  • Page 1 Advertisements
    • 214 1 YOUNG INVESTORS' FORUM Start investing with as little as $3,000 PAGE 8 COMPANY Olam’s recovery much still to be done PAGE 4 DINING OUT Good food, great value PAGE 22 VIEWS FROM THE TOP Home truths PAGE 9 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,
      214 words

  • TOP STORIES
    • 695 2  -  Acquisition of 3 properties brings its portfolio value to $1.4 billion By ONG CHOR HAO [SINGAPORE] M&L Hospitality Trust (M&L) is not in a divesting mood, having in fact acquired three properties since it suspended its initial public offering (IPO) last year,
      695 words
    • 445 2 Banks are feeling the pinch of regulatory action WHILE the full impact of the property and car measures is yet to be seen, banks have begun to feel the pinch of regulatory action on new loan sales. FRONT PAGE Singapore’s bond market takes a breather THE Singapore bond
      445 words
    • 834 2  -  By ANTHONY ROWLEY in Tokyo THIS week could mark a turning point in Japan’s trade relations with the rest of the world as negotiations kick off in Tokyo on a free trade agreement (FTA) between Japan and the European Union
      834 words
    • 956 2  -  By NEIL BEHRMANN in London GLOBAL markets are expected to be deeply uncertain today, regardless of any deal negotiated between the besieged Cypriot government and the European “troika”. As at press time, the troika of European Union (EU), European Central Bank (ECB)
      PHOTO: BLOOMBERG  -  956 words
    • 874 3  -  In the US confidence is high and data positive but all eyes are on eurozone WALL STREET INSIGHT By ROB CURRAN LAST week, yet another nation teetered on the periphery of the eurozone, but this time the US stock market barely
      PHOTO: BLOOMBERG  -  874 words
    • 466 3  -  By ANDREA SOH [SINGAPORE] Deutsche Bank’s analysts are expecting the shale gas developments in the United States to have a profound impact on Asian economies. The resulting lower energy prices and greater price stability from the shale bonanza will affect Asian oil
      466 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 55 3 LENG KEE VICINITY Vanessa Terk Property Consult; Call 9818 9868 Vj CEA: R*****1 C Agency Lie: L*****81 B 6-storey warehouse building B1 with plot ratio of 2.5 Site Area: approx. 34,476 sqft Nett Lettable Area: approx. 75,982 sqft 99 years lease w.e.f. January 1958 Asking price: $40 mil Exclusive Agent
      55 words
    • 179 3 is s® m <--.z m. %m. m Ss m m wb s m m. m m K& m ■SSSri wm Vi#*! 2 ISA mm m- m mm m M ■m m mm tfrti m To be enterprising is to excel. The 6th annual Emerging Enterprise Award, which is now open
      179 words

  • COMPANY NEWS
    • 700 4  -  It is using big data to better know its clientele and potential clients By TEH SHI NING PRICE wars cannot be ruled out in Singapore’s retail banking market, which has become more competitive with the addition of two new qualifying full banks,
      PHOTO: KUA CHEE SIONG/ THE STRAITS TIMES  -  700 words
    • 241 4 COMPANY MEETING PLACE DATE TIME CGI Group E Amara Hotel Level 3 Connection 1 165 Tanjong Pagar Road 25-Mar 2.00pm Sinwa E 28 Joo Koon Circle 25-Mar 10.30am YHM Group E Klapsons The Boutique Hotel Tower 15 15 Hoe Chiang Road 25-Mar 2.00pm Elektromotive Grp E 108 Robinson
      241 words
    • 836 4  - Olam’s recovery much still to be done HOCK LOCK SIEW By R SIVANITHY SO Olam International’s shares have recovered to the level they occupied just before they were hit by short-seller/financial research firm Muddy Waters (MW). This rebound made the headlines last week and probably comes as a great relief
      836 words
    • 1986 4 Payment Ex Rec Pay Ann (cts) date date date date Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Intg Mfg ak 0.160 06-May 08-May 20-May 04-Mar AEI Corporation an 1.000 02-May 06-May 15-May 20-Feb AEM Hldgs ak 0.350 05-Jun 07-Jun 21-Jun 25-Feb AP Oil aw 0.500 02-Apr
      1,986 words
    • 277 4 Mar 22 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited ...5.50 Bank of Communications 5.50 ...6.00 Bank of China Limited ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 ...5.50 Chang Hwa Commercial Bank 5.50
      277 words
    • 1869 5  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying among directors slowed after rising for three straight weeks with 16 companies that recorded 29 purchases based on filings on the Exchange from March 18 to 22. The figures
      1,869 words
    • 11 5 db X-MACRO Trading Index Fund 14D 14/03/2013 90,70 GBP
      11 words
  • Page 4 Advertisements
    • 101 4 WORLD’S PREMIER AUCTIONEERS OF MODERN AND VINTAGE TIMEPIECE WWW.ANTIQUORUM.COM SINGAPORE PREVIEW VALUATION DAY Friday to Saturday 29 th -30 th March 2013 10am-6pm 'BY APPOINTMENT Four Seasons Hotel Singapore Paterson Room, 6 th floor, 190 Orchard Boulevard Singapore *****6 r 'M PATEK Nr ILIPPE tiquorum "*■AUCTIONEERS SINCE 1974 Watch Expert
      101 words
    • 60 4 it) budgeltour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... /Company Incentive Trips Off-site Meetings /Special Interest Tours /Tradeshows /Educational Tours /Pilgrimage Tours /Church Retreats /Local Sightseeing Tours /Coach Charter ffffw Vrr Tel: 6737 1811 Email; sales@budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore
      60 words

  • Page 5 Advertisements
    • 156 5 MIDDLE EAST INSTITUTE, NUS Jt- I c CONVERGING REGIONS: GLOBAL PERSPECTIVES ON ASIA AND THE MIDDLE EAST The Middle East Institute, National University of Singapore is pleased to announce our upcoming international annual conference, to be held at the Four Seasons Hotel Singapore from 29th to 31st May 2013. More
      156 words

  • SINGAPORE MARKETS
    • 650 6  -  STOCKS R SIVANITHY Senior Correspondent IN this column two months ago (“As always, liquidity holds the key”, Jan 21) the point was made that property stocks at the time did not tumble as much as might have been expected following the release of
      650 words
    • 602 6 CURRENCIES Bloomberg [NEW YORK] The euro fell by the most in three weeks versus the dollar as Cyprus sought to secure a bailout of its banking system and as data suggested economic growth in the region that shares the currency is failing
      Bloomberg  -  602 words
    • 545 6 COM MO DITIES AFP [LONDON] Many global commodity markets fell last week as traders worried that the Cyprus situation would reignite the eurozone’s sovereign debt crisis and dent global demand for raw materials. However, precious metal gold won ground as many investors sought a safe
      AFP  -  545 words
    • 1427 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.50 3 8.90 17.70 1.72 1.58 Amtek Engineering Ltd 3.25 3.25 4 0.05 8.24 0.61 0.53 ARA Asset Management 2.57 1.57
      1,427 words
    • 4 6 WEEKLY
      4 words
    • 73 6 Mar 22 VALUE CLOSE BT OB/OS 101.00 +181.00 BT CADI -*****.00 +91.00 BT 10-day MA -*****.00 +10.00 FTSE ST Mid Cap 813.93 +2.65 FTSE ST Small Cap 569.80 +0.58 FTSE ST All Share 804.43 -1.19 FTSE ST China Top 219.62 +0.81 FTSE ST China 247.25 +1.88 FTSE
      73 words
    • 55 6 VOLUME SingHaiyi 2,306,322,000 WE Hldgs 1,096,524,000 Metech Int 771,831,000 CarrierNet 738,805,000 Ntegrator 722,830,000 MDR 709,522,000 YHM 579,224,000 Magnus 516,184,000 IPCO Intl 479,196,000 Equation 465,393,000 VALUE($) SingTel 317,825,578 CapitaLand 266,841,145 Keppel Corp 266,229,045 DBS Grp 257,615,531 UOB 250,589,355 Golden Agri 240,641,020 Thai Beverage 220,398,380 HK Land 204,323,831 OCBC
      55 words
    • 116 6 BY CENTS CLOSE UP GLD 10US$ ***** 330.2 1.7 DBXT S&P Short 10US$ 3209 55.0 1.4 DBXT FTVietnam 10US$ 2538 45.0 1.4 Hyflux 6% CPS 10 ***** 40.0 0.4 DBXT MSMSIA 10US$ 1372 35.0 2.1 DBXT CSI300 10US$ 820 33.8 3.4 Lyxor Europe 10 US$ 1319 30.0 1.9 UOL
      116 words
    • 127 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -348.9 -2.5 DBXT MSKorea 10US$ 5693 -266.4 -3.6 SPDRS S&P 500 10US$ ***** -236.4 -1.2 DBXT MSTHAI 10US$ 2168 -168.8 -5.9 JSH 3981 -131.3 -2.6 DBXT SPASX200 10US$ 4058 -111.3 -2.1 Lyxor AsiaRE 10US$ 1048 -102.5 -7.3 Jardine C&C 5156 -94.0
      127 words
    • 5 6 WEEKLY
      5 words

  • SINGAPORE NEWS
    • 632 7  -  Donations by companies may be erratic now, but volunteering efforts by staff are more sustained Reports by LIM JIA YING IN this unpredictable economic climate when companies may be forced into making cutbacks, one would expect corporate social responsibility (CSR) programmes to be
      632 words
    • 457 7 GIVING up a professional role for the draining, sometimes under-appreciated, role of head of corporate social responsibility (CSR) may seem preposterous to some. But to Annie Yeo, head of CSR Asia at Deutsche Bank, it was the natural choice. Her mantra
      457 words
    • 282 7  -  By WEE LE TING THREE new members have been appointed to the National University of Singapore’s (NUS) board of trustees. They are Chan Chia Lin, former chief investment officer, Fullerton Fund Management; Cheong Koon Hean, chief executive officer, Housing Development Board and
      282 words
  • Page 7 Advertisements
    • 109 7 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate
      109 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1588 8  -  Young investors may want to consider stocks in the Straits Times Index when starting out, writes GEOFF HOWIE writes GEOFF HOWIE The writer is SGX’s market strategist INVESTORS, both the young and the mature, commonly want to know exactly how much money is
      1,588 words
    • 1072 8  -  Yeo Sui Chuan spent less than $6,000 in his first investment and gave tuition to generate cash, reportsCAI reportsCAI HAOXIANG STARTING YOUNG Undergraduate Yeo sui chuan, 22, first overheard his father talking about stocks when he was just nine. By the time he was in
      PHOTO: JOSEPH NAIR  -  1,072 words
  • Page 8 Advertisements
    • 156 8 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      156 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      2060 9 THIS WEEK’S TOPIC What are your thoughts on the proposals to make public housing more affordable? How might current policies be tweaked to satisfy the dreams of first-time owners while not hurting current owners? Kong Chee Min Chief Executive Officer Centurion Corporation Limited IF supply is maintained at
      THE STRAITS TIMES FILE PHOTO  -  2,060 words
  • Page 9 Advertisements
    • 193 9 NEVER MISS ATICK WALL STREET -0.1% i3 P u ,*‘*..*1* jl ...‘iV t’ l. M V+*. ,T JS STOCKS.B.ro.nk. lift. Will St. k.cp. m ulu, in pla, 5LOBAL MARKETS-Shares. euro hie after Bernanks tpeech JS STOCKS SNAPSHOT-Wall St 3 aina on Bernank. comment US STOCKS-Wall St gains in light trad,
      193 words
    • 11 9 For the complete list of views from CEOs, go to http://businesstimes.com.sg
      11 words

  • MALAYSIA/INDONESIA
    • 527 10 AFP [PONTIAN] The array of cheeky condoms on Goh Miah Kiat’s desk multicoloured, textured and flavoured would make most business executives blush. They come in grape and strawberry flavours, pleasure-boosting textures, barber pole-like striping, a “Baggy” model and its opposite, the missile-shaped “Powershot”.
      AFP; PHOTO: AFP  -  527 words
    • 564 10  -  Caterham says its innovation is the perfect symbiosis of Formula 1 technology and design approach MALAYSIA INSIGHT PAULINE NG KL Correspondent IT costs as much as a car, but the Caterham Group is undaunted. Priced at 10,000 euros (S$16,215), the Duo Cali bicycle “the
      PHOTO: CATERHAM  -  564 words
    • 1463 10 VOL Mar 22 RM +/-(‘000) VOL Advance Synerg 0.13 -0.01 650 Adventa Bhd 0.33 unch 155 Ae Multi Hldgs 0.23 unch 0 Affin Holdings 3.38 -0.03 239 Ahmad Zaki Res 0.75 -0.01 5199 Airasia Bhd 2.73 0.02 5533 Alliance Finan 4.32 -0.01 2192 Aluminium Co 0.67 0.01 29
      1,463 words
  • Page 10 Advertisements
    • 91 10 stfi SINGAPORE PREI SINGAPORE PRESS HOLDINGS asta one v y Catch up with the Latest Business News with AsiaOne smartphone app \«i Australia adds most jobs i almost 13 years S40 million to encourag lai family environment STOCK dav\ h g Pay attention to pi jR health; UN urges SINGAPORE
      91 words

  • GREATER CHINA
    • 397 11 He says failure to do so would consign economy to years of low-quality growth Reuters [BEIJING] China’s economy faces more headwinds as it struggles with surplus production capacity and risks to the financial system, a member of the country’s top decision-making body said, calling for
      Reuters  -  397 words
    • 415 11 Re uters [SHANGHAI] Faculty members at a top Chinese university have collaborated for years on technical research papers with a People’s Liberation Army (PLA) unit accused of being at the heart of China’s alleged cyberwar against Western commercial targets. Several papers on
      Reuters; PHOTO: REUTERS  -  415 words
    • 206 11 Reu ters [SHANGHAI] China’s Sina Corp will launch its own online payment service WeiboPay in April to help make money from its widely used microblogging platform, according to a report in the official China Daily that quoted a company executive. The
      Reuters  -  206 words
  • Page 11 Advertisements
    • 153 11 Namaste. perience the rebirth of a legacy. NOW RE-OPENED Level 3 Pan Pacific Singapore T: 6333 1788 www.rangmahal.com.sg rang mahal A LEGACY OF FINE DINING SINCE 1971 OUR PARTNERS v GrandWdrk H*: HENG GUAM SENG KEE TRADING PTE LTD 1%/JS NARUMI VW >> HaiSia JAPAN Come learn the benefits of
      153 words
    • 11 11 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words

  • GREATER CHINA/INDIA
    • 433 12 Finance Minister P Chidambaram says ‘next generation’ of reforms in the works AFP [NEW DELHI] India’s cashstrapped government has loosened debt market rules to draw more foreign investment to finance a record current account deficit as it promised a “next generation”
      AFP  -  433 words
    • 492 12 Reu ters [SHANGHAI] China’s biggest sportswear brand, Li Ning, launched its newest brand at a gala event in Texas last month with US basketball star Dwayne Wade, resplendent in gold bow tie and plaid suit, showing off sports shoes he
      Reuters; PHOTO: REUTERS  -  492 words
    • 407 12 AFP [NEW DELHI] India’s government has told the Indian unit of British mobile phone giant Vodafone that its licences for three big cities cannot be extended and it will have to bid again. The government has also refused to extend the licences of India’s
      AFP  -  407 words
  • Page 12 Advertisements
    • 399 12 m Organised By: THE BUSINESS TIMES Saxo Capital Markets presents The Business Times Investment Dialogue 2013 Investing Outside The Box: Dealing With The Unsustainable A dialogue with renowned investment guru John Mauldin The dialogue will be moderated by Vikram Khanna, Associate Editor of The Business Times. Investors' hopes have been
      399 words

  • ECONOMY WATCH
    • 867 13 Xi’s first state visit highlights China’s relationship with Russia WP [BEIJING] For his first state visit, China’s new president, Xi Jinping, travelled to Moscow last weekend to highlight the importance of his country’s relationship with Russia. But according to officials and
      WP; PHOTO: AP  -  867 words
    • 568 13 AFP [DUBAI] Qatar, the small Gulf state that on Tuesday hosts an Arab summit, has become a key regional player thanks to its support for Arab uprisings and the marginalisation of traditional heavyweights. But the “chequebook diplomacy” of this ener-gy-rich state a staunch
      AFP  -  568 words
    • 559 13 Reputation wanes on violent crime, police brutality AFP [JOHANNESBURG] In the decade bookmarking Nelson Mandela’s release from prison, South Africa transmogrified from racist pariah to beacon of hope but a series of tragedies threaten to reverse that gain and spook investors. The
      AFP  -  559 words
    • 455 13 Reuters [BEIJING] China’s new Finance Minister Lou Jiwei yesterday said it was unclear whether the eurozone would solve its debt problems over the next decade and suggested further turmoil would complicate efforts to reduce Beijing’s fiscal deficits. Mr Lou said external difficulties
      Reuters  -  455 words
  • Page 13 Advertisements
    • 159 13 GLOBAL EDUCATION The Education Arm of ICPAS BBE1 UNIVERSITY ||P OF LONDON INTERNATIONAL registered PROGRAMMES CENTRE STUDY LAW with SAA GLOBAL EDUCATION Preparatory Courses for the University of London Bachelor of Laws (LLB) Honours Diploma in the Common Law r i.) COMPLETE Graduate LLB Route in < Diploma in Common
      159 words

  • WORLD
    • 827 14 Infrastructurefocused lender will challenge World Bank’s dominance AFP [DURBAN, South Africa] Leaders from the BRICS emerging nations are expected to launch a joint development bank to rival western-dominated institutions at a summit that begins tomorrow. The grouping of Brazil, Russia, India, China and hosts South
      AFP  -  827 words
    • 557 14 Farmers bypass local traders to sell to Asia at higher prices AFP [DINGUIRAYE, Senegal] High walls protect a Chinese peanut warehouse in central Senegal, where the product is becoming the new “gold” for farmers bypassing local traders to sell to Asia
      AFP; PHOTO: AFP  -  557 words
    • 938 15 Opium trade centres on remote area where government has little control AP [THON MIN YAR, Myanmar] Deep in the lawless mountains of the Golden Triangle, sloping fields of illegal poppies have just been scraped dry for opium. This is the peak season for
      AP; PHOTO: AP  -  938 words
    • 326 15 Reuters [RIO DE JANEIRO] German steelmaker ThyssenKrupp was surprised by the low value of bids for its Cia Siderurgica do Atlantico (CSA) mill in Brazil and is seeking talks with bidders to raise the offer prices, the Agencia Estado news agency reported. The
      Reuters  -  326 words
    • 689 15 Market turns sour with prices well below expectations Reuters [LONDON] Poor demand for gas storage in west Europe is forcing operators to offer new financial sweeteners and flexible terms to lure customers put off by weak profits and high fees. A series of
      Reuters  -  689 words
    • 914 16 Japanese wear them to ward off germs, pollen and pollution from China [TOKYO] On the sidewalks and the subways it’s clear: Japan is becoming a sea of surgical masks. It’s about pollen, about germs and even a little about China, its polluting rival
      PHOTO: AP  -  914 words
    • 680 16 Deutsche Bank, BNP Paribas heads met regulator recently Reu ters [FRANKFURT] European bankers are lobbying US Federal Reserve board member Dan Tarullo in an attempt to dilute curbs that would tighten oversight of foreign banks in the United States and squeeze their profits
      Reuters  -  680 words
    • 447 16 Reuters [NEW YORK] Dell Inc appeared to have received competing offers following a US$24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake, setting up a tug-of-war for the world’s No 3 PC maker.
      Reuters  -  447 words
    • 854 17 They seek a viable subscription service as mobile use grows Reuters [SAN FRANCISCO] Technology giants Apple, Google and Amazon are furiously manoeuvring for position in the online music business and looking at ways to make streaming profitable, despite the fact that pioneer Pandora
      Reuters; PHOTO: AP  -  854 words
    • 383 18 They have to contribute 3 euros for every 1,000 euros that they hold AFP [MADRID] Spain will ask private banks to contribute 1.5 billion (S$2.4 billion) to two billion euros to help reimburse investors who bought risky savings products that have lost most of
      AFP  -  383 words
    • 742 18 He has so far ruled out a coalition with the centre-right’s Berlusconi AFP [ROME] Italian leftist leader Pier Luigi Bersani struggled to form a government as his rival Silvio Berlusconi said he was ready to return to the polls after elections
      AFP; PHOTO: AFP  -  742 words
    • 774 18 AFP [BRUSSELS] The sight of valuable fish being thrown back into the sea, mostly to die, has been a public relations headache for the fishing industry and driven calls for a discard ban by celebrity chefs and environmentalists. European fishing boats have long
      AFP  -  774 words
    • 946 19 Tension is building as an emergency manager prepares to take control of the city government NYT [DETROIT] The City Council is both anxious and defiant. Public employees’ unions are bracing for a showdown. Protests and lawsuits are promised. Meanwhile, the mayor has simply stopped talking
      NYT  -  946 words
    • 684 19 AP [LONDON] The massive bronze sculpture is formally known as Draped Seated Woman, a Henry Moore creation that evoked Londoners huddled in air raid shelters during the Blitz. To the East Enders who lived nearby, the artwork was known as “Old Flo”, a
      AP; PHOTO: AP  -  684 words
    • 788 20 Powerful fund firms may not use new powers to revolt on remuneration Reuters [LONDON] While politicians and public have fulminated against lottery-sized pay awards in Europe’s boardrooms, fund firms, which wield the real power, are less concerned by such excesses and unlikely to use new
      Reuters  -  788 words
    • 337 20 Latvia, Croatia going ahead with plans to join eurozone despite crisis AFP [SAARISELKAEAE, Finland] Despite the mounting debt crisis in bankruptcy-threatened Cyprus, small EU and applicant countries said they still believed in greater European integration and the euro. “We are sticking to our
      AFP  -  337 words
    • 801 20 AFP [SEPANG, Malaysia] World champion Sebastian Vettel incensed Red Bull team-mate Mark Webber yesterday as he pulled off a risky overtaking move to snatch victory in a pulsating but contentious Malaysian Grand Prix. The German ace went wheel-to-wheel with Webber late in the race, earning
      AFP; PHOTO: REUTERS  -  801 words
    • 316 20 Bloomberg [LONDON] Boris Berezovsky, one of the first and best-known Russian oligarchs, who accumulated vast wealth and influence in post-communist Russia that he struggled in later years to retain, was found dead yesterday at his home in Surrey, England. He was 67.
      Bloomberg  -  316 words
  • Page 14 Advertisements
    • 92 14 ml KISS92 All the FM W' K* V place W K is r o I Q 5- M ?V'. <v 1 V U£*i •J"i «8 id tt i I ft*Jj S) Partner: V X r sip 3 T* m H S* L? MAG .com '/t t v* 3 P >
      92 words

  • Page 15 Advertisements
    • 1915 15 i!.fC AM BRIDGE 1111 INDUSTRIAL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 4th Annual General Meeting of Cambridge Industrial Trust (“CIT”) will be held at NTUC Auditorium, Level
      1,915 words

  • Page 16 Advertisements
    • 834 16 SHARI'AH COMPLIANT REIT SABANA SHARI’AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) (as amended) Managed by Sabana Real Estate Investment Management Pte. Ltd. (Company Registration No. *****5493K) NOTICE IS HEREBY GIVEN that the
      834 words

  • Page 17 Advertisements
    • 1725 17 (Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the holders of units of K-Green Trust (“KGT”, and the
      1,725 words

  • Page 18 Advertisements
    • 1649 18 m WAT3 NOTICES SING HOLDINGS LIMITED Y# Co. Reg, No.: *****0165G NOTICE OF ANNUAL GENERAL MEETING TO ALL SHAREHOLDERS NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Sing Holdings Limited will be held at 96 Robinson Road #10-01 SIF Building Singapore *****9 on Wednesday, 10 April 2013 at
      1,649 words

  • Page 19 Advertisements
    • 1401 19 (Constituted in the Republic of Singapore pursuant to a trust deed dated 28 November 2005 (as amended)) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the holders of units of Keppel REIT (the “Unitholders”), will be held at Four Seasons Hotel, Four
      1,401 words

  • Page 20 Advertisements
    • 63 20 Want to sell your car but don’t have the tim todos 9 SMS to ***** and let us help you post your car ad listing SMS to in the following format: Sspace:^^Q<space:Q vehicle number aiKiKsnace f Buy. Sell or Rent your ideal car isn’t hard to find STCars.SG At GET
      63 words
    • 54 20 CALLING ALL BUSINESS OWNERS! V! •12 2013 CONSUMER ELECTRONICS LIFESTYLE FAIR 24-26 May 2013 Singapore Expo Hall 6 Looking for a way to reach more than 120,000 potential customers? A For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie Slow (9046 3323) siowwwf@sph.com.sg Organised by: sphere
      54 words

  • AVIATION/SHIPPING
    • 352 21 Bloomberg [LONDON] Charter rates for the largest oil tankers on the industry’s busiest trade route declined for the first time in three weeks amid speculation the supply of vessels in the Persian Gulf will increase. Hire costs for very large crude carriers (VLCCs) on
      Bloomberg  -  352 words
    • 610 21 Half the carriers may not be worth the debt they carry NYT [FRANKFURT] Can a ship float and be underwater at the same time? If it has been financed by a European bank, the answer may be yes. A glut of ships, along with
      NYT  -  610 words
    • 670 21 Record Airbus order from Lion Air set to shake up Boeingdominated market AFP [JAKARTA] A new rivalry between the world’s biggest planemakers is heating up in Indonesia after a record deal for Airbus in a market with huge potential that until now has been a
      AFP; PHOTO: AFP  -  670 words
  • Page 21 Advertisements
    • 159 21 FOR THE FIRST TIME, ONE ISSUE WITH THREE COVERS a collector’s edition FEMALE APRIL ISSUE OUT NOW J L SPARADISE SUPREME SPAS BEYOND THE NORM I i ingapoie I f 3 THE THRE FACE OF S EDGY SEXY PRETTY 47 PAGES OF BAGS. SHOES. WATCHES AND EYEWEAR AFFORDABLE PRACTICAL COLLECTABLE
      159 words
  • Page 21 Miscellaneous
    • 361 21 CRYPTIC CROSSWORD Across 3 Army bigwig and idol commonly treated as fine orator(6) 6 Criticise social gathering (4) 8 A list of duties switched initially for a network carrier? (5) 9 Spiritual feeling? It riles yogi terribly (11) 10 Singer vocalising note (5) 11 Misrepresented MP over time around North
      361 words

  • DINING OUT
    • 753 22  -  US chef Ryan Jette serves up unembellished diner fare at his Communal eatery, writes JAIME EE writesJAIME writesJAIME EE NEW RESTAURANT Communal 12 North Canal Road Tel: 6221-7790 Open for lunch and dinner, Monday to Saturday: 11.30am to 2.30pm; 6pm to 10pm. Closed on Sundays and
      PHOTOS: COMMUNAL, JAIME EE  -  753 words
  • Page 22 Advertisements
    • 259 22 with THE SCRF 29 March 2013,8:00PM, Singapore Indoor Stadium Tune in to HOT FM91.3 or log on to www.hotfm.sg for more details! Midas Promotions www.midaspromotions.com t J WWW.HOTFM.SG I D FACEBOOK.COM/HOTFMSG I 3* HOTFMSG >>’■•~■. <• Wine, A r AN IASTER-IFIC AFFAIR Be spoilt for choice this Easter at Marina
      259 words
    • 41 22 BT Wine, Dine Hospitality Page save more than for10x4colfull-colourad For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Alisa Tan 9154 8381 Ellen Lee 9368 3533 Colin Ong 9231 1280 Angela James 8128 5080 Francis Yeo 9620 1356
      41 words

  • SINGAPORE STOCKS
    • 3430 23 Week ended: Mar 22 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 164 106 AIMSAMPIReit --AAT Div GrYld C'vr Net P/E M Cap Smil 15 5.3 2.6 Ace
      3,430 words
    • 278 24 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.9 +0.1 6475 2 1.8 1.9 2 28.3 Week Last Quote Div Gr Yld Net M Cap High
      278 words
    • 113 24 Stock name Close Change CapMallsAsia 2.090 -0.010 CapitaLand 3.510 +0.010 CapitaMall 2.100 -0.020 CityDev 11.020 +0.050 ComfortDelGro 1.920 +0.010 DBS Grp 15.540 -0.050 F&N 9.440 GLP 2.620 Genting SP 1.455 Golden Agri 0.580 -0.005 Stock name Close Change HK Land 7.100 +0.150 JMH 64.070 -0.430 JSH
      113 words
    • 2004 24 Transaction date: Mar 22 HONG KONG Vol HK$ +/-'000 Aeon Credit 8.50 unch 0 Aeon Stores '000 Angang Steel 4.65 -0.10 ***** Anhui Conch Anhuiexpresswa 4.05 -0.10 1804 Asia Satellite 27.90 -0.15 872 Asm Pacific -0.10 Bank Of E Asia 30.60 unch 1790 Beida Jade Bir 0.33 0.02
      2,004 words
    • 272 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 -1 2 38 38 35 42 3.6 9.2 3 99 46.5 30 Genting HK US$ US45.5 -0.5 ***** 46 44.5 45 45.5 2996
      272 words
    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 89 60 33 19 8 6 108 68 39 Commerce 37 30 13 11 7 3 48 37 16 Tpt/Stor/Comms 17 20 9
      186 words
    • 1051 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.5 -0.5 32 119 118.5 118.4 118.7 540.9 136.8 120.4 CIMB APAC Div 100S$D 136.1 -0.7 1 136.1 136.1 135.4
      1,051 words
    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 299,900 299,900 430,154 430,154 Manufacturing 2,781,667 2,176,845 4,958,512 919,387 69,308 988,695 Commerce 1,221,716 1,556,148 2,777,864 528,940 122,133 651,073 Tpt/Stor/Comms 432,494 74,346 506,840 718,915 27,751 746,666 Finance 298,997 1,004 300,001 805,945 326 806,271 Construction 870,873 582,239
      123 words

  • Page 24 Advertisements
    • 26 24 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 605 25 Mar 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.51 *****.05 *****.53 Jun13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep13 *****.00 0 157 MSCI TAIWAN INDEX FUTURES SPOT 280.05 281.07 279.44 Mar13 280.00 280.60 278.40 278.80 ***** *****2 Apr13 279.60 280.40 278.30 278.70
      605 words
    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 22 Index Change Change Change Change Change Change World Preliminary 1020.8 0.1 8.8 0.3 9.3 0.3 6.9 EAFE Preliminary 846.3 -0.4 9.3 0.0 7.5 0.0 5.2 Europe Preliminary 1225.3 -0.1 6.8
      373 words
    • 471 25 Mar 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.071 6.482 0.809 8.099 56.722 101.648 0.987 11.679 3.245 1.253 102.457 42.610 1.305 9.730 0.987 31.196 30.586 0.687 1.043 Canada 0.934 6.054
      471 words
    • 62 25 Mar 22 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      62 words
    • 134 25 Mar 22 GOLD(US$/oz) Mar 22 Mar 21 Hong Kong 1619.80 1614.40 Mar 21 Mar 22 London 1613.61 1608.00 1614.38 1608.75 Source: Thomson Reuters CAST BAR Mar 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 65 5gm 414 324 10gm 739 648
      134 words
    • 82 25 Mar 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 20-Jun-13 0.25 6-Month BS*****T 19-Sep-13 0.26 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-13 100.1 100.13 100.12 5-Year N*****0Z 2.375
      82 words
    • 57 25 Mar 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2452.0 2460.0 2470.0 2430.0 414 3109 May 13 2455.0 2485.0 2493.0 2447.0 4981 ***** Jun 13 2466.0 2493.0 2503.0 2457.0 ***** ***** Jul 13 2465.0 2495.0
      57 words
    • 155 25 Mar 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3046 1.3051 1.0432 1.0435 Canadian dollar 1.2183 1.2189 0.9746 0.9742 Euro 1.6134 1.6138 1.2901 1.2903 NZ dollar 1.0411 1.0416 0.8325 0.8328 Sterling pound 1.8987 1.8993 1.5182 1.5186
      155 words
    • 108 25 Mar 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1440.50 1449.00 1448.75 1433.00 Jul 13 1418.00 1425.50 1425.00 1408.75 Aug 13 1373.00 1381.25 1379.00 1364.25 Sep 13 1301.25 1312.50 1310.00 1293.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      108 words
    • 80 25 Mar 22 COCOA (£/tonne) Close Prev High/Low May 13 1446 1455 1464/1443 Jul 13 1460 1468 1478/1456 Sep 13 1469 1477 1486/1464 Dec 13 1472 1482 1491/1468 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2095 2112 2129/2105 May 13 2139 2153 2163/2134 Jul 13 2140 2155 2168/2138 Sep 13 2142
      80 words
    • 1004 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv AlliedTech W*****2 Exer Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 BakerTech W*****5 15.7 1 9170 1 27 -1 2.74 27 Best World
      1,004 words
    • 70 25 CRUDE OIL PRODUCTS Mar 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.79 -0.12 WTI (Near Mth) 92.05 -1.08 Dubai (1-Mth F) 104.89 0.23 Tapis blend 114.34 0.20 Minas 108.84 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.17 1.11 Jet Kerosene 121.17 0.13 US$/barrel OpecOil Basket
      70 words
    • 22 25 Mar 22 S$ Bid Offer 1-month 1.2506 1.2507 2-months 1.2505 1.2507 3-months 1.2505 1.2507 6-months 1.2501 1.2512 Source: OCBC
      22 words
    • 65 25 Mar 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1914.50 1893.25 3 months 1947.00 1928.00 Copper, Grade A(US$/tonne) Cash 7621.75 7548.25 3 months 7655.00 7582.50 Lead(US$/tonne) Cash 2164.50 2147.00 3 months 2189.50 2172.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • 121 25 As at 9am Mar 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.271 Can dollar 1.249 1.190 Euro 1.651 1.573 Sterling pound 1.933 1.859 NZ dollar 1.073 1.013 US dollar 1.275 1.215 Local dollars to 100 units of foreign
      121 words
    • 161 25 Mar 22 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.12 US$ 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 12
      161 words

  • 2832 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
    2,832 words
  • Page 26 Advertisements

  • Page 27 Advertisements
    • 144 27 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT
      144 words
    • 0 27 ^!)^-;]\-/<<+![</~.),:+~<>;-]^[
      0 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 954 28  -  ZelRealm and others benefit from their association with recently opened Co-Innovation lab in S’pore for Asia-Pac, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY GAMING enthusiasts, at first glance, don’t seem to be the target customer base for German enterprise software major SAP. However,
      954 words
    • 191 28  -  By NG SAI YING SAVVIS, a CenturyLink company and global leader in cloud infrastructure and hosted IT solutions, has made two additions to its Asia management team: Tan Teng Cheong, country manager for Singapore and Hong Kong, and Osamu Numata, country manager for Japan.
      191 words
    • 830 29  -  Though careful, they are largely complacent when it comes to cybercrime By NG SAI YING MOBILE devices have become part and parcel of everyday life here, with 84 per cent of Singaporeans surveyed using mobile phones to get online. Given the high mobile penetration
      830 words
    • 488 29  -  By AMANDA TAN SAMSUNG Electronics Co Ltd has launched the region’s first Enterprise Experience Centre in Singapore and signed a memorandum of understanding with Nanyang Polytechnic to establish a Digital Convergence and Mobility Innovation Centre. This is spurred by a move towards business ventures in the
      488 words
    • 333 29  -  By NG SAI YING DELL has completed a multimillion-dollar project with Singapore Exchange (SGX) designed to ensure that the technology behind its depository business remains relevant and good for the foreseeable future. The 15-month modernisation project, completed last October, helped SGX ramp up the
      333 words
    • 663 29  -  Study shows 90% of customers dedicating part of budget to it By AMANDA TAN A REPORT done by Microsoft, Global Enterprise Big Data Trends: 2013, reveals that more than 75 per cent of mid-sized to large businesses are implementing Big Data-related solutions
      663 words
    • BizIT FOCUS: BIG DATA & CLOUD
      • 3302 30 TECHNOLOGY enablers like cloud computing and social media which generates huge amounts of crowd-sourced data are putting enormous amounts of information in the hands of companies. These data sets are called Big Data to distinguish them from more traditional data sets. New analytics
        3,302 words
  • Page 28 Advertisements
    • 580 28 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 Media
      580 words

  • Page 29 Advertisements
    • 142 29 A Stone Forest \JJ i Improve Your Productivity with ACCPAC m The SAGE 300 ERR* solution unlocks the potential of SMEs still tied down by manual processes, helping them accelerate and streamline finance and operations processes to reveal untapped business agility. Venue 8 Wilkie Road #03-08 Wilkie Edge Singapore *****5
      142 words