The Business Times, 1 April 2013

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, April 1, 2013
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  • 788 1  -  Pooled resources go beyond technology to cover joint training, marketing, recruitment By LYNN KAN [SINGAPORE] The push to consolidate the highly fragmented accountancy sector started some time back, but has yet to take off among disparate and resourcestrapped small and medi-um-sized practices (SMPs).
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,308.10 +40.45 KL COMP 1,671.63 +44.74 NIKKEI 225 12,397.91 +59.38 HANG SENG 22,299.63 +73.75 SET INDEX 1,561.06 +82.09 JAKARTA COMP 4,940.99 +138.32 MANILA COMP 6,847.47 +427.85 SEOUL COMP 2,004.89 +56.2 SHENZHEN B 791.26 –11.53 MUMBAI IND 18,835.77 +42.90 DOW 14,578.54 +157.05 NASDAQ 3,267.52 +44.92 S&P
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    • 20 1 SINGAPORE MALAYSIA HONG KONG 5.38 INDONESIA 5.00 TAIWAN 13.276 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
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    • 51 1 US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.516 1.883 EURO (US$/S$/E) 1.280 1.589 Foreign currency per US$ S$ YEN 94.20 75.90 RM 3.097 2.494 HK$ 7.763 6.252 BAHT 29.28 23.58 RUPIAH 9,716 7,825 RENMINBI 6.214 5.004 INDIAN RUPEE 54.35 43.77 A$ 0.959 0.772 NZ$ 1.194 0.961 FOREX(Thursday‘s
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  • 708 1  -  It caps new loan’s interest below HDB concessionary rate for 10 years By SIOW LI SEN [SINGAPORE] DBS Bank is going all out to grab a bigger slice of the HDB home loan market; it’s offering a first-of-its-kind HDB home loan with guaranteed savings
    ST FILE PHOTO  -  708 words
  • Page 1 Advertisements
    • 137 1 YOUNG INVESTORS' FORUM Insurance: Buy what you need PAGE 10 VIEWS FROM THE TOP A hub to bank on DINING OUT A tale of two sushi chefs COMMENTARY Fine-tuning short-selling disclosure PAGE 4 PAGE 24 PAGES 8 9 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,
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  • TOP STORIES
    • 664 2  -  IE Singapore inaugural survey shows many still prefer mature cities By LEE U-WEN [SINGAPORE] Despite recent efforts by the Singapore government to encourage more companies to consider investing in the western and central parts in China, not many are doing so just yet. The
      Source: IE Singapore  -  664 words
    • 517 2 Small accountancy firms in tie-up push THE push to consolidate the highly fragmented accountancy sector in Singapore started some time back, but has yet to take off among small and medium-sized practices. That is about to change with the first concerted effort by 28 public accountancy firms to
      517 words
    • 787 2  -  JPMorgan upbeat, says Japan has entered bull market By in ANTHONY ROWLEY in Tokyo FINANCIAL markets are focussing sharply on the first meeting of the Bank of Japan’s Policy Board under the new governor Haruhiko Kuroda later this week as the outcome is
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    • 810 3  -  CEO says MAS is fixing its businesses, aims to return to the black in three years By VEN SREENIVASAN [SINGAPORE] Despite some recent stumbles, Malaysia Airlines (MAS) believes that it has turned the corner and is confident of achieving sustained profitability by 2015.
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    • 680 3 Investor attention on Cyprus situation and US jobs data Reuters [NEW YORK] After flirting with an all-time high for three weeks, the S&P 500 posted its best closing level in history last week. But some strategists say Thursday’s record could
      Reuters  -  680 words
  • Page 2 Advertisements
    • 249 2 I advance my career with a Joint Honours programme. It*s my choice. In today’s world, it takes a different perspective to make a difference. At Kapian, through our collaborations with Northumbria University, you can obtain a Joint Honours degree that offers double specialisations with direct honours in 16 months. Part-time
      249 words
    • 13 2 The best pure-play private bank in Asia. Bank EFG 30 global locations www.efginternational.com
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  • Page 3 Advertisements
    • 176 3 w'-v-a -re2 1 SB $s&m, aJUi I IE r/S? Vv ►52 3* bll --i rf2 n t Tr i i OSI* J BG Singapore Gas Marketing is pleased to announce the commencement of the next open season for potential buyers of regasified LNG (liquefied natural gas) within Singapore. The new
      176 words

  • COMPANY NEWS
    • 704 4  -  HOCK LOCK SIEW By R SIVANITHY FROM March 11, all players in the local stock market have had to mark short sales, the aim being for Singapore Exchange (SGX) to compile and publish short-selling data to aid investment decision-making. This might sound good in theory and straightforward
      704 words
    • 266 4 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD ($m) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE GROSS YEAR RAISED ISIN CODE MATURITY DATE 01.07.2013 NX*****Z 2003 2 1/4 6200.00 1/1 1/7 86 100.51 0.30
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    • 257 4 COMPANY MEETING PLACE DATE TIME Hankore Environ S Ocean 5 Level 2 Pan Pacific Hotel 7 Raffles Boulevard Marina Square 01-Apr 9.30am Osim International A 65 Ubi Avenue 1 Osim Headquarters 01-Apr 2.30pm NH Ceramics E Halcyon Inv Corp Pte Ltd 250 North Bridge Rd #12-01, Raffles City
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    • 312 4 Mar 28 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd Bank of Communications 5.50 Bank of East Asia ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a
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    • 1788 5  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying fell for the second straight week while the selling among directors rose based on Singapore Exchange filings during the holiday-short-ened week of March 25 to 28. A total
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  • Page 4 Advertisements
    • 64 4 k f y *QNB *51 K *.r #*>> X 'f; n» ,ry•2% Start believing. What’s more important than what we wish for ourselves is the future of our beloved kids.With QNB, the largest bank in the Middle East and North Africa, by your side, say goodbye to fears, and welcome
      64 words

  • Page 5 Advertisements
    • 88 5 m GOLDBELL L GOLDBELL EASING 10,000 Leasing Clients Served. And Counting. A Supporting you with SALES. LEASING. SERVICE mi f New Distributor A MITSUBISHI FORKLIFT TRUCKS GOLDBELL LEASING is the official distributor in Singapore for MITSUBISHI FORKLIFT TRUCKS starting 1st April 2013 Goldbell’s 30 years of trusted industrial vehicle experience
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  • SINGAPORE MARKETS
    • 601 6  -  STOCKS R SIVANITHY Senior Correspondent AFTER last week’s drama surrounding the rescue of Cyprus’s banking system, the question markets will be asking is: What next? Given that Cyprus is not the only European country with financial problems, maybe the question should be: Who’s next? There are
      601 words
    • 558 6 COM MO DITIES AFP [LONDON] Commodity prices were mixed last week as traders took their cue from events in embattled eurozone nation Cyprus as well as a batch of positive US economic data. Markets on both sides of the Atlantic were closing a
      AFP  -  558 words
    • 1333 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 8.37 0.61 0.54 ARA Asset Management 2.57 2.57
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    • 4 6 WEEKLY
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    • 73 6 Mar 28 VALUE CLOSE BT OB/OS 339.00 -213.00 BT CADI -*****.00 -104.00 BT 10-day MA -*****.00 +34.00 FTSE ST Mid Cap 821.94 -1.95 FTSE ST Small Cap 578.34 -0.54 FTSE ST All Share 815.89 -1.31 FTSE ST China Top 223.53 -1.39 FTSE ST China 252.02 -2.21 FTSE
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    • 58 6 VOLUME WE Hldgs 1,609,349,000 SingHaiyi 1,038,487,000 AdvanceSCT 561,486,000 Contel 545,672,000 Sitra 455,339,000 Magnus 435,329,000 Innopac 383,082,000 Metech Int 372,696,000 KLW Hldgs 329,750,000 Armarda 322,253,000 VALUE($) Keppel Corp 387,653,828 UOB 261,676,380 DBS Grp 251,737,235 SingTel 236,289,720 OCBC Bk 204,443,552 WE Hldgs 177,336,641 Golden Agri 135,244,550 Thai Beverage 134,294,600
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    • 577 6 CURRENCIES Bloomb erg [SHANGHAI] Asian currencies had the best week in more than two months on speculation that an economic recovery in the US will boost demand for the region’s exports. Gross domestic product in the world’s
      Bloomberg  -  577 words
    • 116 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ ***** 488.0 4.0 DBXT MSKorea 10US$ 5884 237.2 3.4 IS S&P500 ***** 170.1 0.9 DBXT MSTHAI 10US$ 2280 139.1 5.2 JMH 6510 127.9 1.6 SPDRS S&P 500 10US$ ***** 101.8 0.5 DBXT MSJAP 10US$ 4168 79.5 1.6 DBXT MSEurope 10US$ 4920 74.5 1.2
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    • 134 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -257.0 -1.9 DBXT E50 10US$ 4029 -245.8 -4.7 GLD 10US$ ***** -91.9 -0.5 DBXT AUD Bonds 5AU$ ***** -64.8 -0.3 DBS Bk 4.7% NCPS 100 ***** -50.0 -0.5 DBXT CSI300 10US$ 785 -43.5 -4.3 Jardine C&C 5113 -43.0 -0.8 DBXT S&P
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    • 5 6 WEEKLY
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  • SINGAPORE NEWS
    • 644 7  -  Court of Appeal upholds High Court ruling on trademark infringement case By GRACE LEONG THE distributor for Lady Rose cosmetics has scored a double victory after the Court of Appeal found it successfully made out both its claims for trademark infringement as well in
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    • 267 7  -  By CAI HAOXIANG PRESIDENT Tony Tan Keng Yam will make Singapore’s first state visit to Myanmar today, marking deepening ties between both countries since diplomatic ties were established in 1966. He is on a five-day visit at the invitation of Myanmar President U
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    • 1996 7 Payment Ex Rec Pay Ann (cts) date date date date Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Int 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
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  • Page 7 Advertisements
    • 25 7 The Esplanade Theatres on the Bay, 8 Raffles Avenue, #02-27 29, Singapore *****2 One-Michelin Star Chef William Ledeuil Owner Chef Ze Kitchen Galerie Paris, France
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  • VIEWS FROM THE TOP
    • 3451 8 THIS WEEK’S TOPIC: How would you rate Singapore as a financial centre, and in particular the ability of financial institutions here to service the fast-changing needs of businesses? Going forward, how can Singapore maintain its position as a premier financial hub? Ray Ferguson CEO, Singapore
      FILE PHOTO  -  3,451 words

  • Page 9 Advertisements
    • 265 9 Wine, Dine grits V J V| k tfi" v y AVAILABLE ON FRIDAYS, FOR DINNER ONLY. FROM NOW TILL 12 APRIL 2013. DINING WITH THE STARS MandarinCourt Let Singapore's own Celebrity Chef Daniel Koh and Mandarin Orchard's Executive Chinese Chef Sunny Kong wow you with exquisite six-course menus with wine
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    • 11 9 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1785 10  -  If you make a suitable insurance purchase, you would be protected against the unexpected while not stretching finances too thin, writesCAI HAOXIANG writesCAI writesCAI HAOXIANG THE Babylonian king Hammurabi who ruled in 18th century BC was famous for devising a comprehensive legal code that included
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    • 1283 10  -  Investment is a hobby that can turn into a career and lead to wealth creation, Ivan Ho tells CAI HAOXIANG STARTING YOUNG CAI HAOXIANG IVAN Ho Wai Kit isn’t yet out of school, but the final-year business administration and finance undergraduate at the National University
      PHOTO: ARTHUR LEE  -  1,283 words
  • Page 10 Advertisements
    • 156 10 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

  • MALAYSIA/INDONESIA
    • 432 11 President to discuss recommendation by adviser in Cabinet meeting on April 4 Reuters Bloomberg [TANJUNG BENOA Indonesia] The governIndonesia] The government should slap a nationwide ban on the use of subsidised fuel by Indonesia’s 11 million private cars, a move that
      Reuters; Bloomberg; PHOTO: REUTERS  -  432 words
    • 1481 11 VOL Mar 29 RM +/-(‘000) VOL Advance Synerg 0.13 -0.01 53 Adventa Bhd 0.60 Ae Multi Hldgs 0.23 -0.01 30 Affin Holdings 3.41 unch 252 Ahmad Zaki Res 0.75 -0.01 72 Airasia Bhd 2.83 -0.03 3801 Alliance Finan 173 Aluminium Co 0.13 Amalgamated In 0.33 0.01 21 Ammb
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  • Page 11 Advertisements
    • 2949 11 8* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SARIN TECHNOLOGIES LTD. (Incorporated in Israel) Israel Registration No. 51 *****07 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at the offices of Eyal Khayat, Zolly, Neiger Co.. Law
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  • GREATER CHINA
    • 306 12 Australian leader to attend Boao Forum and visit major Chinese cities Bloomberg [MELBOURNE] Australian Prime Minister Julia Gillard may seek a deal enabling direct conversion of the country’s dollars into yuan when she visits China this week. Ms Gillard will attend the Boao
      Bloomberg; PHOTO: AFP  -  306 words
    • 211 12 Reuters [SHANGHAI] Users of Tencent Holdings’ hugely popular mobile chatting application may have to pay fees in future to satisfy China’s three mobile telecom operators, Chinese media quoted a government official as saying. Tencent’s Weixin or WeChat chatting application is currently free
      Reuters  -  211 words
    • 233 12 Reuters [SHANGHAI] Two people in Shanghai, one of China’s largest cities, have died after contracting a strain of avian influenza that had never been passed to humans before, according to the official Xinhua News Agency. The two men, aged 87 and 27,
      Reuters  -  233 words
  • Page 12 Advertisements
    • 2728 12 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices StXosv SIX OSV HOLDINGS LIMITED (Company Registration No.*****2504K) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SIX OSV Holdings Limited (the "Company") will be held at Pan Pacific Singapore, Pacific
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  • INDIA
    • 478 13 Judgment likely to have far-reaching consequences for availability of drugs AP [NEW DELHI] India’s Supreme Court is scheduled to rule today on a landmark patent case involving Swiss drugmaker Novartis AG that focuses on demands by major companies that their investments
      AP; PHOTO: AP  -  478 words
    • 450 13 Himalaya India’s herbal healthcare success story AFP [BANGALORE] Its raw materials are plants and it bases its products on texts dating back thousands of years, but do not call India’s biggest herbal healthcare group a maker of “alternative medicine”. “It’s high time people took us very seriously and not view
      AFP  -  450 words
  • Page 13 Advertisements
    • 617 13 J SINGAPORE ENRICH GROUP PTE LT© WOULD LIKE TO CONGRATULATE ALL THE RECIPIENTS OF THE TOP 100 SINGAPORE EXCELLENCE AWARD 3DA Holdings Pte Ltd A-ChieveMent Solution (S) Pte Ltd A.T.M.S Pte Ltd SCOPO International A&D Printhub Pte Ltd ACTC Translation Centre Actus Builders Pte Ltd Alaxis Medical Aesthetics Surgery Allianzze
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  • ECONOMY WATCH
    • 735 14 It may choose to pile pressure on eurozone govts to solve the crisis AFP [FRANKFURT] The European Central Bank will hold off from cutting rates or announcing any other policy moves at its meeting this week so as to keep up pressure on
      AFP  -  735 words
    • 574 14 Brazil’s Azevedo and Indonesia’s Pangestu seen as favourites AFP [GENEVA] The World Trade Organization is bracing for the start of the race to lead the body that polices the rules of global commerce, a unique contest in the often-opaque sphere of international diplomacy.
      AFP  -  574 words
    • 427 14 AFP [CARACAS] A Venezuelan government foreign currency auction for local importers has triggered a de facto currency devaluation, the second in less than 50 days, analysts said. Venezuela has had strict currency exchange controls since 2003 in an attempt to halt capital flight. Individuals
      AFP; PHOTO: AP  -  427 words
  • Page 14 Advertisements
    • 2152 14 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices JEP HOLDINGS LTD. Company Registration No. *****1749E (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JEP Holdings Ltd. ("the Company") will be held at 44 Changi South Street 1,
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  • Page 15 Advertisements
    • 1607 15 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP .50 AND IN THE MATTER OF OPH WESTCOVE PTE LTD (Co. Regn. No. *****0705W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of the Holding Company pursuant to Section
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    • 3608 15 SKY CHINA PETROLEUM SERVICES LTD. (Incorporated in the Republic of Singapore) (Reg. No. *****2303R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SKY CHINA PETROLEUM SERVICES LTD. (the “Company”) will be held at 168 Robinson Road, Capital Tower ,9th Floor AS ORDINARY BUSINESS
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  • WORLD
    • 408 16 Nation says it won’t trade its atomic deterrent for aid AFP [SEOUL] North Korea vowed yesterday to strengthen its nuclear weapons, a day after announcing it is in a “state of war” with South Korea, and said that it would never trade
      AFP  -  408 words
    • 479 16 Decision to tax bank accounts below 100,000 euros ‘unfortunate’ Bloomberg AP [NICOSIA] Cyprus’s decision to force losses on bank deposits doesn’t set a precedent for the rest of the euro region, European Union president Herman Van Rompuy said in an interview with
      Bloomberg; AP  -  479 words
    • 132 16 AFP [LOS ANGELES] A rare, signed copy of The Beatles’ album “Sgt Pepper’s Lonely Hearts Club Band” has been sold for a record US$290,500 at an auction, The Hollywood Reporter said. The entertainment magazine reported on its website that the album, signed by all
      AFP; PHOTO: AP  -  132 words
    • 385 16 This aims to boost manufactured goods’ demand Reuters [BRASILIA] The Brazilian government has postponed until next year increases in taxes on the sale of cars and trucks in a bid to stimulate demand for manufactured goods and spur economic growth, the
      Reuters  -  385 words
    • 632 16 Receipts up 14-fold in ten years despite widespread graft Reuters [KABUL] One of Afghanistan’s most surprising success stories lies tucked away on a potholed street notorious for suicide bombings and lined with rusting construction equipment. The work of the country’s top tax collector is
      Reuters  -  632 words
    • 224 16 AFP [WASHINGTON]The US Patent and Trademark Office has denied Apple’s application for a trademark to safeguard its widely popular iPad mini tablet, saying the case to own the phrase was too weak. Apple, however, has until July 24 to better explain how the iPad
      AFP  -  224 words
    • 779 17 Bank blames own internal problems, country’s difficult economy for setback IHT Reuters [ROME] The ailing lender Monte dei Paschi di Siena said that it had lost nearly 3.2 billion euros (S$5.1 billion) in 2012, an improvement from the 4.7 billion euros
      IHT; Reuters; PHOTO: AFP  -  779 words
    • 422 17 Reuters [NEW YORK] Investors bailed out of both European and emerging market equities going into the last week of the first quarter over worries involving Cyprus’s bailout and its impact on the eurozone crisis, EPFR Global data show. Funds dedicated to Russia, which is
      Reuters  -  422 words
    • 562 18 It is striving to meet EU budget targets, avoid being drawn into debt crisis Reuters [BRUSSELS] Belgium agreed to make 1.4 billion euros (S$2.2 billion) of savings and to sell one billion euros of state-owned assets, as it strives to meet EU budget targets
      Reuters  -  562 words
    • 972 18 Tightening may kill tentative signs of growth, say critics NYT [DUBLIN] Ben Gilroy, one of tens of thousands who over-borrowed in the giddy property boom that preceded Ireland’s economic collapse, has made no mortgage payments for two years. But he says he does
      NYT; PHOTO: BLOOMBERG  -  972 words
    • 921 19 Bureaucratic procedures put Belgium behind other countries in eurozone Reuters [CHARLEROI, Belgium] Just a day after giving birth, Belgian entrepreneur Esmeralda Desart was back at work running her export business, putting in the kind of 16-hour day that has become the norm since she started
      Reuters; PHOTO: REUTERS  -  921 words
    • 923 20 Unions, businesses agree on programme that will benefit millions of illegal immigrants AP [WASHINGTON] Big business and labour have struck a deal on a new low-skilled worker programme, removing the biggest hurdle to completion of sweeping immigration reform legislation that will provide a
      AP  -  923 words
    • 952 20 Steinberg charged with conspiracy and securities fraud NYT [NEW YORK] Friends of Michael Steinberg had always marvelled at his good fortune. In his mid-20s, he landed a job at SAC Capital Advisors, then a small hedge fund owned by Steven Cohen, who was quickly
      NYT; PHOTO: AP  -  952 words
    • 905 20 It tells govt to raise leverage standards, split banks’ units Reu ters [LONDON] The Archbishop of Canterbury has spent the run-up to Easter contemplating the ethics of the trading floor and ways to curb greed in the City of London. Justin Welby,
      Reuters  -  905 words
    • 344 20 AFP [WASHINGTON] The Iraq and Afghanistan wars will cost the United States between US$4 trillion and US$6 trillion in the long term, constraining the government’s budget for decades to come, a study said. Harvard University scholar Linda Bilmes concluded that
      AFP  -  344 words
    • 581 21 NBG-Eurobank deal may create entity too big for Athens to handle, they fear Reuters [ATHENS] Greece’s international lenders have asked Athens to halt National Bank’s takeover of rival Eurobank, worried that the resulting lender would be too big for the state
      Reuters  -  581 words
    • 503 21 Energy-independence step will help the country save one billion shekels a month Bloomberg [TEL AVIV] Israel started gas production at the Tamar offshore field in an effort to put the country on the road to energy independence and save a projected one billion shekels (S$340
      Bloomberg  -  503 words
    • 510 21 AFP [NEW YORK] Argentina has offered to repay its debt to two New York hedge funds with cash and new bonds on conditions similar to those of a 2010 debt swap, but the plan is seen as unlikely to be accepted. The South
      AFP; PHOTO: AFP  -  510 words
    • 252 22 That will help rest of eurozone adjust, says IMF review Bloomberg [WASHINGTON] The stronger economies in the northern region of the euro area should accept a pickup in inflation as their southern partners try to emerge from the debt crisis by cutting wages,
      Bloomberg  -  252 words
    • 385 22 AFP Reuters [CHICAGO] Emergency crews sent by US oil giant ExxonMobil worked yesterday to contain several thousand gallons of crude oil that spilled from a ruptured company pipeline in central Arkansas, the company said. The spill is likely to stoke debate over transporting
      AFP; Reuters  -  385 words
    • 788 22 Taking hard line, it refused to save bad banks; economy recovered quickly AFP [REYKJAVIK] Iceland, often hailed for its implacable handling of its 2008 financial crisis, has a thing or two to teach Cyprus about coping with its crisis: avoid
      AFP; PHOTO: AFP  -  788 words
    • 784 22 HK, Netherlands likely destinations for Russian deposits AFP [MOSCOW] When the terms of the first and now abandoned European Union (EU) bailout deal for crisis-strick-en Cyprus were announced, Russian President Vladimir Putin bared his fangs to describe the proposal as “unfair, unprofessional and dangerous”. Russians
      AFP  -  784 words
  • Page 16 Advertisements
    • 436 16 AT3 NOTICES 1 THE BVI BUSINESS COMPANIES ACT, 2004 SIKORSKI INVESTMENTS S.A. Company No. *****70 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVI Business Companies Act, 2004 that Sean Andrew Coughlan of 25 Holland Hill
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  • Page 17 Advertisements
    • 3202 17 HWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0130C) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Sixtieth Annual General Meeting of Hwa Hong Corporation Limited (the “Company”) will be held at Swissôtel Merchant Court, Merchant Court Ballroom, Section A, 20 Merchant
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  • Page 18 Advertisements
    • 199 18 Having the option of living near a future MRT line allows your property to command a higher price. STProperty. The most comprehensive property portal that lets you find a home near future MRT lines, this present day. Imagine this. You are eyeing a property and you have valuable information that
      199 words

  • Page 19 Advertisements
    • 2291 19 t J NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GENTING SINGAPORE www.gentingsingapore.com NOTICE OF Genting Singapore PLC (Incorporated in the Isle of Man No. *****6V) ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-Eighth Annual General Meeting of Genting Singapore PLC (the “Company”) will be held at West Ballroom,
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  • Page 21 Advertisements
    • 1822 21 COSCO CORPORATION (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****0159G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Meeting Room Taurus/Leo, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4
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  • Page 22 Advertisements
    • 63 22 -!"7EC3H *9#"!C"32") 57:B") +7!E3"!GFC#G We bring Inspiration, Innovation,Value E$ %$B! 4BGC3"GG’ We help you make a mark in the Myammar sector: <$G#CE7:CE% ;$B!CG6 8!473 ,"@":$#6"3E /73>C3H (C3732" 1$HCGEC2G ?B##:% -F7C3 Leverage on our 2013 conferences today. Organised by: Find out more about the events on your phone. ?273 EFCG DA
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  • AVIATION/SHIPPING
    • 295 23 Bookings on the network in the first nine weeks of sales have risen six-fold Bloomberg [SYDNEY] Qantas Airways, Australia’s largest carrier, said bookings for trips to Europe have gone up sixfold as its first flight in partnership with Emirates Airline took
      Bloomberg; PHOTO: REUTERS  -  295 words
    • 350 23 Xinhua [SEATTLE] Boeing has delivered its 1,000th plane to China, making the country its first market outside the United States to pass the one-thousand threshold. “This is a very, very big deal for us,” Ihssane Mounir, senior vice-presi-dent of sales and marketing of
      Xinhua; PHOTO: REUTERS  -  350 words
    • 486 23 He became chairman of Quinenco in 1982 at the age of 26 Bloomberg [SANTIAGO] Guillermo Luksic Craig, who bet part of Chile’s biggest fortune on turning around Latin America’s largest container shipping company, died last week of lung cancer. He was
      Bloomberg  -  486 words
    • 403 23 Reuters [WASHINGTON] Environmental groups have urged the United States to back a global deal to curb carbon emissions produced by planes, noting that global aviation emits more of the greenhouse gas than all but six of the world’s nations. The groups, alarmed at scant
      Reuters  -  403 words
    • 244 23 SGX '000 Mar 28 S$ +/-Vol CH Offshore 0.48 -0.01 29 Chuan Hup Hldg/D 0.28 0.01 178 Cosco Corp/D 0.91 -0.01 1879 s$ Ezra Hldgs/D 1.16 -0.01 3544 First Ship Lea/D ..........0.13 unch 410 Freight Links/D .........0.08 unch 505 Grand Banks/D........unch unch 0 Jaya Hold Ltd/D ....0.28 K1Ventures/D
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    • 444 23 MOORE STEPHENS !!!SS Ss Ss m Singapore Shipping Forum 2013 The global shipping industry is set to face continued challenging business conditions as weak demand for goods and services continue to afflict the global shipping ecosystem. The structural imbalance within shipping has created an environment where sentiment fluctuates daily. The
      444 words
  • Page 23 Miscellaneous
    • 294 23 CRYPTIC CROSSWORD Across 5 US soldiers meeting pensioner to get dope (3,4) 7 In the morning, around ten after ten, in truth (5) 9 An evergreen’s required? Try elm, incorrectly (6) 10 Canned beer and cigs for cold, unemotional types (8) 11 Stop one about a line in magazine (10)
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  • DINING OUT
    • 1150 24  -  In Singapore, there are two ways to eat sushi: elegant, Edomae style or in down-to-earth, face-stuffing friendly surroundings. Whatever your preference, each has its attractions, writes JAIME EE JAIME EE NEW RESTAURANT Sushi Mitsuya #01-01, 60 Tras Street Tel: 6438-2608 Open for lunch and
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  • Page 24 Advertisements
    • 164 24 FOR THE FIRST TIME, ONE ISSUE WITH THREE DIFFERENT COVERS a collector’s edition FEMALE APRIL ISSUE OUT NOW e 0 SPARADISE SUPREME SPAS BEYOND THE NORM i ingapoie I f 3 THE THRE FACE OF S EDGY SEXY PRETTY 47 PAGES OF BAGS. SHOES. WATCHES AND EYEWEAR AFFORDABLE PRACTICAL COLLECTABLE
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    • 29 24 with LAWSON CHAPMAN SQUARE Tune in to HOT FM91.3 or log on to www.hotfm.sg for more details! UNIVERSAL UNIVERSAL MUSIC SINGAPORE >T 5C ft n HOTFMSG WWW.HOTFM.SG FACEBOOK GOM/HOTFMSG
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    • 54 24 CALLING ALL BUSINESS OWNERS! V-2 >7 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 Siow (9046 3323) siowwwf@sph.com.sg Organised by: sphere
      54 words

  • SINGAPORE STOCKS
    • 3572 25 Week ended: Mar 28 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 $mil Company Last Sale Vol 11 7 AEM --AAT High Low Buyer Seller 164 106 AIMSAMPIReit 157.5 unch 942 158 157 157
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    • 116 26 Stock name Close Change CapMallsAsia 2.050 -0.040 CapitaLand 3.530 -0.030 CapitaMall 2.090 -0.040 CityDev 11.330 +0.100 ComfortDelGro 1.910 -0.005 DBS Grp 16.000 +0.050 F&N 9.440 GLP 2.620 -0.010 Genting SP 1.495 -0.010 Golden Agri 0.580 -0.010 Stock name Close Change HK Land 7.410 -0.090 JMH 65.100
      116 words
    • 2068 26 HONG KONG Vol HK$ +/-'000 Mar 28 Aeon Stores 19.30 -0.10 0 Angang Steel Mar 28 Anhui Conch 25.75 -0.80 ***** Anhuiexpresswa 3.97 -0.01 842 Asia Satellite 0 Asm Pacific 85.30 -0.65 924 Bank Of E Asia -0.24 Beida Jade Bir Anhui Conch Beijing Airpor 5.65 0.11 *****
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    • 275 26 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 1.8 -0.1 7641 1.9 1.8 1.8 1.9 28.6 Week Last Quote Div Gr Yld Net M Cap High
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    • 272 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 unch 3 38 38 38 40 3.6 9.2 3 99 46.5 30 Genting HK US$ US45 -0.5 ***** 45.5 43.5 45 45.5 2963
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 81 67 38 17 15 7 98 82 45 Commerce 39 23 14 9 8 3 48 31 17 Tpt/Stor/Comms 25 14 7
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    • 1049 26 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 -0.5 72 118.5 118 118.3 118.8 538.6 136.8 120.4 CIMB APAC Div 100S$D 136.1 136.7 137.6 111.7 95.8 CIMB
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 240,110 240,110 559,936 559,936 Manufacturing 2,274,859 1,606,226 3,881,085 739,551 134,291 873,842 Commerce 773,602 2,323,481 3,097,083 405,510 269,569 675,079 Tpt/Stor/Comms 415,452 56,638 472,090 614,655 21,439 636,094 Finance 469,261 1,040 470,301 858,949 388 859,337 Construction 569,431 267,919
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  • Page 26 Advertisements
    • 26 26 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
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  • FINANCE & COMMODITIES
    • 525 27 Mar 29 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.53 *****.96 *****.75 Jun13 *****.00 *****.00 *****.00 *****.00 *****8 *****5 Sep13 *****.00 8 1557 MSCI TAIWAN INDEX FUTURES SPOT 283.46 284.81 282.88 Apr13 281.50 285.20 281.40 284.40 ***** *****9 May13 284.40 284.40 284.40 284.50
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    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 29 Index Change Change Change Change Change Change World Preliminary 1024.7 0.0 9.2 0.0 8.8 0.0 7.2 EAFE Preliminary 843.4 0.0 8.9 0.0 6.0 0.0 4.4 Europe Preliminary 1219.1 0.0 6.3
      373 words
    • 471 27 Mar 28 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 6.482 0.815 8.098 56.695 101.362 0.983 11.608 3.230 1.245 102.671 42.606 1.295 9.652 0.994 31.193 30.541 0.688 1.043 Canada 0.943 6.111
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    • 66 27 Mar 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 138 27 Mar 28 GOLD(US$/oz) Mar 28 Mar 27 Hong Kong 1612.20 1602.00 Mar 28 Mar 27 London 1595.19 1604.46 1596.41 1605.23 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Mar 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 64 5gm 409 321
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    • 92 27 Mar 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 27-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-13 100.04 100.09 100.08 5-Year N*****0T 2.375
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    • 57 27 Mar 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2350.0 2340.0 2365.0 2345.0 79 1352 May 13 2381.0 2368.0 2393.0 2367.0 2447 ***** Jun 13 2393.0 2378.0 2402.0 2376.0 ***** ***** Jul 13 2400.0 2387.0
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    • 155 27 Mar 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2952 1.2955 1.0432 1.0433 Canadian dollar 1.2208 1.2214 0.9837 0.9833 Euro 1.5891 1.5896 1.2799 1.2802 NZ dollar 1.0397 1.0405 0.8374 0.8380 Sterling pound 1.8824 1.8830 1.5161 1.5165
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    • 108 27 Mar 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1404.75 1453.75 1459.75 1397.00 Jul 13 1385.50 1431.00 1436.25 1376.00 Aug 13 1346.75 1385.50 1391.25 1339.75 Sep 13 1285.00 1315.25 1320.25 1281.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
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    • 79 27 Mar 28 COCOA (£/tonne) Close Prev High/Low May 13 1467 1452 1474/1452 Jul 13 1477 1463 1484/1463 Sep 13 1486 1474 1493/1478 Dec 13 1489 1478 1496/1479 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2023 2023 May 13 2051 2054 2063/2037 Jul 13 2074 2071 2080/2059 Sep 13 2080 2077
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    • 1196 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv AlliedTech W*****2 Exer Asiatravel.com HoldingsW*****7 3 1 25 16 Asiatravel.com HoldingsW*****5 3.3 1 27 40 Disc Best World Intl Ltd W*****5 6.5 1 30 66 3.38 4
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    • 70 27 CRUDE OIL PRODUCTS Mar 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.36 0.00 WTI (Near Mth) 96.53 0.00 Dubai (1-Mth F) 107.14 0.47 Tapis blend 114.54 0.33 Minas 109.84 0.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.61 0.61 Jet Kerosene 122.12 1.20 US$/barrel OpecOil Basket
      70 words
    • 22 27 Mar 28 S$ Bid Offer 1-month 1.2416 1.2417 2-months 1.2415 1.2417 3-months 1.2415 1.2417 6-months 1.2411 1.2422 Source: OCBC
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    • 65 27 Mar 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1875.25 1885.75 3 months 1904.00 1916.00 Copper, Grade A(US$/tonne) Cash 7509.75 7576.75 3 months 7540.00 7606.00 Lead(US$/tonne) Cash 2090.75 2096.25 3 months 2112.00 2118.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 27 As at 9am Mar 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.250 1.191 Euro 1.624 1.547 Sterling pound 1.915 1.842 NZ dollar 1.074 1.014 US dollar 1.267 1.207 Local dollars to 100 units of foreign
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    • 157 27 Mar 28 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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
      157 words

  • 2779 28 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
    2,779 words
  • Page 28 Advertisements

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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 1037 30  -  The company has introduced its subscription-based Creative Suite products in Singapore, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY ADOBE, known for its Creative Suite (CS) of products that include software like the hugely popular Photoshop, Dreamweaver, Illustrator, crobat, and many others, is in the
      1,037 words
    • 499 30  -  By AMANDA TAN INGOT II, a universally designed nursing home IT system hosted on a cloud is set to boost eldercare for one in five nursing beds in Singapore. IngoT stands for: IT stretching the capability, potential and imagination of NGOs (non-governmen-tal organisations).
      FILE PHOTO  -  499 words
    • 993 30  -  Managed services provide opportunities for service providers to capture value, growth <you say> By TIM SHERWOOD The author is VP, mobile segment strategy, Tata Communications MOBILE broadband deployments are picking up momentum, driven by the ev-er-growing user demand on data usage as we continue
      993 words
    • 333 30  -  By NG SAI YING FUJITSU Limited and the Agency for Science, Technology and Research (A*Star) will soon be jointly exploring the creation of Singapore’s first Centre of Excellence for Computational Social Science and Engineering, after the signing of a
      333 words