The Business Times, 9 April 2013

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Microfilm: NL32545
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, April 9, 2013
    25 words
  • Article, Illustration
    Lock icon MRO operators landing at Senai airport
    787 1  -  Seletar Aerospace Park facing competition as Senai Airport woos Singapore-based companies By VEN SREENIVASAN [SINGAPORE] Seletar Aerospace Park could face some headwinds in the business jet and single aisle aircraft maintenance and fixed-based operations (FBO) sector. Just weeks after it emerged that Indone-sian-based investors
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      66 1 HST INDEX 3,284.61 (-15.17) HST INDEX FUTURES 3,265.00 (-15.00) HSIMSCI 372.75 (-1.42) HSIMSCI FUTURES 370.70 (-1.00) USS SS 1)5$ (SS pet USS) 1,241 f (USS/SS per 1.532 1.901 EURO (US5/5S/€) 1.300 1.613 Foreign currency per USS SS YEN 98.90 79.60 RM 3.060 2.465 HKS 7.763 6.254 BAHT 29.27 23.58
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    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP 1,587.99 -0.66 NIKKEI 225 13,192.59 +358.95 HANG SENG 12,718.05 -8.85 SET INDEX Closed JAKARTA COMP 4,897.52 -28.55 MANILA COMP 6,732.22 +5.08 SEOUL COMP 1,918.69 -8.54 SHENZHEN B 770.00 -3.31 MUMBAI IND 18,437.78 -12.45 11.30am EDT Change DOW 14.522.02 -43.23 NASDAQ 3,199.75 -4.11
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    • Article
      Lock icon PRIME RATES
      28 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 13.308 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 300 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
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  • Article
    Lock icon No pension for top govt servants, bonus revised
    655 1  -  No major changes to salary levels, says DPM Teo By TEH SHI NING [SINGAPORE] Pensions will be removed for top public servants, and the gross domestic product (GDP) bonus they receive will be replaced with a National Bonus linked to a broader
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      95 1 SME INC Jason Marine Group always seeking a larger footprint PAGE 10 PRODUCTIVITY MATTERS Taking stock of Budget 2013 PAGE 13 SYNDICATED FINANCE DBS is top arranger in Asia Pacific ex-Japan PAGE 4 EMERGING ENTERPRISE SMEs: A card up their sleeve PAGE 11 Mrs Margaret Thatcher dies at 87 I
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  • TOP STORIES
    • Article
      Lock icon Strong reactions to Bank of Japan easing continue in markets
      666 2  -  Yen near 4-year low against US$ while Tokyo stocks hit 4 1 2 year peak By in ANTHONY ROWLEY in Tokyo THE B an k o f J a p an s high-octane monetary easing announced last week continued to
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    • Article
      Lock icon THREE-MINUTE DIGEST
      268 2 MRO operators landing at Senai airport SELETAR Aerospace Park could face an uneven runway in the business jet and single aisle aircraft maintenance and fixed-based operations sector. Apart from a maintenance, repair and overhaul start-up in Batam, Senai Airport is starting to attract several Singapore-based players to set
      268 words
    • Article, Illustration
      Lock icon Britain’s ‘Iron Lady’ dies at 87
      499 2 Margaret Thatcher shaped a generation of British politics AFP [LONDON] Former prime minister Margaret Thatcher, the controversial “Iron Lady” who shaped a generation of British politics, died following a stroke yesterday at the age of 87, her spokesman said. Queen Elizabeth II and Prime
      AFP; PHOTO: REUTERS  -  499 words
    • Article
      Lock icon Tireless Mahathir out to win votes for BN
      731 2  -  Former premier remains influential in Malaysian politics By S JAYASANKARAN By in Kuala Lumpur MAHATHIR Mohamad will turn 87 this June but one would never guess it by the way he has been crisscrossing the country campaigning for the Barisan Nasional coalition
      731 words
    • Article
      Lock icon North Korea suspends last major project with South
      526 2 Shares in Seoul dip to nearly four-month low Reuters Bloomberg AFP [SEOUL] North Korea has suspended its sole remaining major project with South Korea, after weeks of threats against the United States and the South. Reclusive North Korea’s decision to all but
      Reuters; Bloomberg; AFP  -  526 words
    • Article, Illustration
      Lock icon Intertanko acts to ease market imbalances as losses pile up
      848 3  -  Group targets freight payment delays, broker fees, charter-party terms By LYNN KAN [SINGAPORE] Intertanko, the international association body whose members control 80 per cent of the world’s tanker fleet, is for the first time stepping in to fix market imbalances
      Source: Intertanko  -  848 words
    • Article
      Lock icon Blank cheque practice ahead of property launches set to be regulated
      714 3  -  New rules give minister power to put in safeguards By KALPANA RASHIWALA [SINGAPORE] The practice of property agents collecting blank cheques from prospective private home buyers as a form of advance booking ahead of a project’s launch will come
      714 words
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      165 2 NEW ZEALAND BUSINESS ACQUISITION OPPORTUNITY (2008) REAA Lic Ltd. Broking Business LINK Manufacture, Wholesale, Import. NZD $3.9M Profits This business is an industry leading New Zealand based importer, manufacturer and wholesaler of office and commercial furniture. It is a business that seeks to offer truly great products of exceptional value.
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      155 3 k e9~ss* «7ip ftp s*. K w no V IT A 4ff II M < it .tStiv s x r> a new event experience de si pried around you From international conferences to your next annual event, at the rejuvenated Pan Pacific Singapore you can meet, greet and entertain in
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  • COMPANY NEWS
    • Article
      Lock icon Syndicated finance: DBS is tops in Asia-Pacific ex-Japan
      832 4  -  UOB is No 2 in Q1 ranking, followed by Chinese and Australian banks By SIOW LI SEN DBS Bank has become the go-to bank for syndicated finance as its strong balance sheet and ability to structure complex loans help it win mandates
      832 words
    • Article
      Lock icon A timely and prudent move by Olam
      673 4  -  HOCK LOCK SIEW By ANDREA SOH OLAM International’s announcement last Friday that it has withdrawn its libel suit against Muddy Waters and its founder Carson Block is a prudent move, a sign that the firm is now choosing to focus on the right
      673 words
    • Article, Illustration
      Lock icon STX shares up on talk of buyer for Pan Ocean
      565 5  -  Private equity fund set up by Korea Development Bank mulls purchase By CAI HAOXIANG ENTITIES in the stable of South Korean conglomerate STX Group saw their stock prices recover slightly yesterday on news that a private equity fund set up
      PHOTO: BLOOMBERG  -  565 words
    • Article
      Lock icon HK govt urged to mediate in strike at HPH Trust’s port terminals
      415 5  -  By LEE MEIXIAN EVEN as industrial actions and operations slowly return to normal at Hongkong International Terminals (HIT), the 12-day impasse is adding pressure on the Hong Kong government to intervene. The dock demonstrations, where workers are demanding
      415 words
    • Article
      Lock icon OCBC raises chairman’s fee to $1.8m
      443 5  -  Hike will need shareholders’ approval at AGM By SIOW LI SEN OCBC Bank raised its board chairman’s annual fee from $45,000 to $1.8 million with effect from July 1 last year. The hike in the chairman’s fee will need shareholders’ approval at its upcoming
      443 words
    • Article, Illustration
      Lock icon Manufacturing interest rising in Iskandar, says OCBC
      721 7  -  Lower land and property costs a major consideration, says bank By NATHANIEL CHEW ISKANDAR Malaysia has seen a strong uptick in Singaporean investment since its establishment in 2006, with Singapore’s Over-sea-Chinese Banking Corporation (OCBC) saying that its customers have been showing a growing
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    • Article
      Lock icon GLP pre-leases more space in China
      280 7  -  By ONG CHOR HAO GLOBAL Logistic Properties (GLP) has pre-leased about 463,000 square feet of space at two of its upcoming business parks in China, bolstering its leading market presence in the country. It said yesterday that Best Logistics, a leading provider of third-party
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    • COMPANY BRIEFS
      • Article
        Lock icon Increased orders for JEP Holdings subsidiary
        86 7 JEP Holdings’ 85 per cent owned subsidiary JEP Precision Engineering has received increased orders for aeronautical products. This is for goods and services in the production and support of aircraft landing gear systems, under its supply agreement with the Messier-Bugatti-Dowty Group. The group has
        86 words
      • Article
        Lock icon CNA Group awarded MediaCorp contract
        55 7 CNA Group said it has been awarded a contract that is worth almost $10 million to design, supply and install an Internet protocol management system and extra low voltage system for MediaCorp’s Media Complex at Mediapolis one-north Buona Vista. The project is expected to be
        55 words
      • Article
        Lock icon Ezra unit incorporates Nigerian joint venture
        73 7 EZRA Holdings said its wholly owned subsidiary Lewek Ruby Shipping Pte Ltd has incorporated an associated company known as Fode Emas Joint Venture Company Ltd (FEJV) in Nigeria. FEJV has an initial issued and paid-up capital of 10 million Nigerian Naira (S$79,000). Lewek Ruby
        73 words
    • Article, Illustration
      Lock icon Ascott expands into Nanjing
      313 7  -  By MA XIANGYU THE Ascott has secured a contract to manage its first serviced residence in Nanjing, in line with the ambition of the wholly owned serviced residence arm of CapitaLand to grow its presence in eastern China. The deal was awarded by Nanjing Lek Yuen
      313 words
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      624 4 Attain All-Round Sales Performance Excellence Who should attend: Sales Business Development Managers; Business Consultants; Senior and Middle Management; Account, Sales Marketing Executives and Managers Productivity and Innovation Credit (Piq Claimable 2013 APRIL SERIES FULL-DAY WORKSHOPS Easy Marketing Tactics to Generate Sales Leads Promotion or marketing is viewed as an expensive
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      1685 5 ACTION ASIA LIMITED (Incorporated in the Republic of Singapore Company Registration No. *****6715M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2013 Annual General Meeting (the “Meeting”) of ACTION ASIA LIMITED will be held at Mandarin Ballroom 2, 6 th Floor, Main Tower, Mandarin Orchard Singapore, 333
      1,685 words
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      328 5 Sim Kee Boon Institute for Financial Economics Indices: Theory and Applications SKBI Annual Conference on Financial Economics Indices, which are widely used in economics and finance by consumers, investors, regulators and economic entities, are the overarching theme for the SKBI Annual Conference 2013. The conference will explore the concepts and
      328 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index contracts bird flu sniffles
      554 6  -  Market barometer falls for third consecutive session as Singapore bourse tracks Hong Kong STOCKS KENNETH LIM Correspondent THE Singapore stock market contracted a case of bird-flu blues yesterday, tracking Hong Kong lower in a lacklustre session. The benchmark Straits Times Index slipped 15.17 points,
      Source: Bloomberg  -  554 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Apr 8 VALUE CLOSE BT OB/OS -412.00 -250.00 BT CADI -*****.00 -159.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 821.32 -3.15 FTSE ST Small Cap 572.26 -3.54 FTSE ST All Share 810.78 -3.72 FTSE ST China Top 216.29 -2.51 FTSE ST China 243.85 -2.95 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME Digiland 621,303,000 SingHaiyi 558,661,000 Transcu Grp 196,239,000 AdvanceSCT 141,549,000 MDR 127,480,000 ICP 107,937,000 Sitra 95,364,000 GLP 89,181,000 Albedo 81,681,000 WE Hldgs 66,961,000 VALUE($) GLP 241,288,021 Keppel Corp 58,681,720 Wilmar 58,623,990 CapitaLand 56,520,465 ISDN Hldgs 51,309,375 DBS Grp 50,969,630 SingTel 39,540,510 Thai Beverage 38,814,465 SuntecReit 33,652,480 Olam
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 0 0 0 5 8 2 Manufacturing 29 71 31 7 12 8 36 83 39 Commerce 10 30 21 1 10 3 11 40 24 Tpt/Stor/Comms 6 26 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 75,114 75,114 82,880 82,880 Manufacturing 335,066 283,794 618,860 188,827 7,517 196,344 Commerce 801,348 254,507 1,055,855 101,912 16,734 118,647 Tpt/Stor/Comms 87,604 11,524 99,128 117,766 4,365 122,132 Finance 73,751 116 73,867 141,647 48 141,694 Construction 103,302 29,340
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      712 6  -  Compiled by LYNN KAN Wilmar International April 8 close: S$3.31 DBS Group Research, April 8 WE learned over the weekend that the authorities in Hangzhou and Nanjing have suspended live poultry trades, making them the second and third cities after Shanghai to take action to curb the spread
      Source: Bloomberg  -  712 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.955 -0.045 CapitaLand 3.450 -0.040 CapitaMall 2.160 -0.010 CityDev 11.220 +0.050 ComfortDelGro 1.915 -0.010 DBS Grp 15.650 -0.200 GLP 2.730 +0.080 Genting SP 1.455 +0.005 Golden Agri 0.560 -0.005 HK Land 7.180 -0.120 HPH Trust US$ 0.825 -0.005 JMH 66.650 -0.230
      115 words
    • Article, Illustration
      Lock icon Won falls on Korean tension, weaker yen
      450 6 CURRENCIES Reuters [SINGAPORE] The South Korean won hit its lowest level in more than eight months yesterday, leading slides among emerging Asian currencies, due to pressures from increasing geopolitical tension with the North and the weakening yen. The Taiwan dollar touched an eight-month
      Reuters; PHOTO: BLOOMBERG  -  450 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP GLD 10US$ ***** 310.2 1.7 DBXT MSJAP 10US$ 4241 21.1 0.4 DBXT FTVietnam 10US$ 2597 19.9 0.6 Petra 430 15.0 3.6 SGX 770 13.0 1.7 Vicom 513 13.0 2.6 DBXT CSI300 10US$ 769 11.2 1.2 GLP 273 8.0 3.0 DairyFarm 1197 6.2 0.4 CombWill 100
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    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN DBXT MSAsExJp 10US$ 3187 -147.7 -3.6 JSH 3880 -83.1 -1.7 DBXT FTChina25 10US$ 2696 -65.8 -1.9 DBXT MSKorea 10US$ 5537 -58.3 -0.8 Lyxor MS India 10US$ 1334 -39.7 -2.3 DBXT MSCHINA 10US$ 1126 -36.0 -2.5 JMH 6665 -28.5 -0.3 STXPO 100 391 -28.0 -6.7 Lyxor
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      264 7 Share i westo —r M pH III a I FTHl H k’K Active traders and investors often use technical trading indicators and overlays to help them identify high probability entry and exit point trade. With the many technical indicators that are readily available in the various trading platforms, it may
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      60 7 APRIL ISSUE OUT NOW! TROLLING IN THE deep Top Internet Pranks ►►THE SOCIAL ECONOMY IN THIS ISSUE HOW FACEBOOK MAKES MONEY MWC 2013 HIGHLIGHTS SMART WATCHES ,IML Get a LALIQUE White 120ml EOT Pour Homme worth $160 with a 1-year print subscription While stocks last J Digital edition is available
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      130 7 The 19 th Edition mta THE PRECISION 2013 ENGINEERING INDUSTRY EVENT HELD ALONGSIDE: METROLOGY A5IA20IB www.mta-asia.com BEKS EfJ 9-12 April 2013 Singapore Expo Tuesday-Friday 10.30am-6.00pm With growing demand for fully integrated capabilities in highly-complex industry verticals, MTA2013 gathers innovative technologies and cost effective solutions while optimising resources to deliver consistent
      130 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon No delays in construction of BTO flats so far: Khaw
      484 8  -  HDB less affected by tightening of foreign labour due to its use of precast parts YESTERDAY IN PARLIAMENT By ONG CHOR HAO CONSTRUCTION timelines for Build-To-Order (BTO) flats have not been delayed so far by a further tightening of foreign
      484 words
    • Article
      Lock icon Potential balm for Pinnacle Notes retail investors
      729 8  -  Plaintiffs in New York lawsuit seeking class action status By GRACE LEONG [SINGAPORE] Thousands of Pinnacle Notes retail investors in Singapore including those who got partial compensation through the Financial Industry Disputes Resolution Centre (FIDReC) are closer to joining a US$154.7 million lawsuit
      729 words
    • Article
      Lock icon NTU starts new research centre for optics and lasers
      388 8  -  By MA XIANGYU NANYANG Technological University, in partnership with the Economic Development Board, yesterday launched a new research centre, the Centre for Optical and Laser Engineering (Cole), that will focus on research with commercial applications. With some $10 million already in
      388 words
    • Article, Illustration
      Lock icon Medical team to cycle for charity
      626 8  -  By TEO SI JIA A TEAM of medical professionals from SingHealth will be shedding their white lab coats and hopping onto their bicycles later this month to help raise funds for organ and tissue transplants. The registration fee for The Business Times Charity Challenge
      PHOTO: YEN MENG JIIN  -  626 words
    • Article
      Lock icon Delay won’t hinder Zeon Chemicals’ expansion plans
      530 8  -  By RONNIE LIM DESPITE an initial hiccup affecting its first-ever investment here, Japan’s Zeon Chemicals remains bullish on Singapore and on market prospects going forward. “We will run the Singapore plant flat-out from its new September start-up date,” Zeon Corporation director Yoshimasa Fushimi
      530 words
    • Article
      Lock icon More Greater China professionals in favour of moving here: poll
      404 8  -  By NG SAI YING SINGAPORE is among the top three destinations of choice for the relocation of professionals from Greater China (mainland China, Taiwan and Hong Kong), according to the 2013 MRIC Talent Report for Greater China and Singapore. Of
      404 words
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      286 9 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS ft. 9 ©lips ©[~E lei-iir 2JL fa 1t run R\l IMIS i C3 I! Rmsi ill PRINT iPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OFTHESE AMAZING GIFTS! 2
      286 words
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  • SME Inc
    • Article, Illustration
      Lock icon Always seeking a larger footprint
      1248 10  -  Jason Marine Group does not sit on its laurels and is constantly expanding and reinventing, reportsVICTOR VICTOR KATHEYAS BUILDING an award-winning enterprise from scratch isn’t easy, but this is precisely what Joseph Foo, executive chairman of Jason Marine Group, did. The firm, which he set
      PHOTO: YEN MENG JIIN  -  1,248 words
    • EMERGING ENTERPRISE
      • Article, Illustration
        Lock icon A card up their sleeve
        1049 11  -  SMEs can multiply their limited resources by using electronic card payment, which is convenient and has many other advantages as well. ANDREA SOHreports SOHreports ANDREA SOHreports SMALL and medium enterprises (SMEs) may usually be short on cash and resources, but they have a frequently untapped
        STOCKXCHNG; PHOTO: YEN MENG JIIN  -  1,049 words
    • Article, Illustration
      Lock icon WCS: for better or for worse?
      906 12  -  Wage Credit Scheme is likely to have wide-ranging positive effects on wages, as well as spill-over effects THE VIEW FROM NTU PROFESSORS By GIOVANNI KO The writer is assistant professor at the Division of Economics, Nanyang Technological University NE of the most notable measures
      PHOTO: BLOOMBERG  -  906 words
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      360 10 HP recommends Windows. Ready for business S8 Windows 8 Pro AU-in-Ones cut the clutter. Streamline your enterprise computing experience. Empower your business with trusted technology and collaboration tools to help drive performance and productivity, all built into a stable and secure PC that is easy to deploy and manage. The
      360 words
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      241 11 The Emerging Enterprise 2013 Award is open for nominations Over S$1.4 million worth of prizes to be won. Apply now before 8 May 2013. For a copy of the application form, email enterprise-banking@ocbc.com or leeyyd@sph.com.sg Terms and conditions apply. Jointly Presented by: Official Auditor: Supported by: Innovation Partner: Preferred Payment
      241 words
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      317 12 Productivity Leadership Programs Invitation to ALL Business Leaders SNEF Business Leaders Seminar Organisational culture is crucial to businesses which are looking to sustain growth through talent retention and process improvement. Having the 'right' culture can encourage innovative ideas which can save time, cost and reduce wastage in a business operation.
      317 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon SMEs keen to tap on schemes
      2417 13  -  TEH SHI NING looks at the responses of the business community to the suite of government measures to help boost productivity BUDGET 2013 MEASURES TEH SHI NING IT is now just over a month since Budget 2013, at which yet another round of measures
      FILE PHOTO  -  2,417 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Academics respond to BN, PR manifesto pledges
      563 14  -  They seek coalition parties’ policies on national finance and debt By PAULINE NG in Kuala Lumpur CONCERNED about Malaysia’s patchy finances, a group of academics has called on the country’s two political coalitions to let voters know their national finance and debt policies
      563 words
    • Article
      Lock icon Derivatives, forex drag Bumi deep into the red
      430 14 Asia’s No 1 thermal coal exporter posts US$700m loss, doubts cast on debts Reuters [JAKARTA] Indonesia’s Bumi Resources, Asia’s biggest thermal coal exporter, plummeted to a near US$700 million annual net loss it blamed on derivative and foreign exchange transactions going sour.
      Reuters  -  430 words
    • Article, Illustration
      Lock icon Malaysia central bank joins Asia in yuan boost
      666 14  -  By YONNEX LI EJ Insight [HONG KONG] China’s efforts to internationalise its currency has secured enthusiastic support from South-east Asia, where Malaysia is endorsing a push for yuan-denominated trade and investments and Singapore is gearing up to become the region’s first renminbi
      EJ Insight; BLOOMBERG  -  666 words
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      2013 14 [CATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CHINA AUTO ELECTRONICS GROUP LIMITED (Incorporated in Bermuda) (Registration No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Siloso Ballroom 1, Shangri-La’s Rasa Sentosa Resort, 101 Siloso Road,
      2,013 words
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  • GREATER CHINA
    • Article
      Lock icon Investors urge Xi to lift barriers
      589 15 Chinese president assures level playing field for all market participants BOAO FORUM AP [BOAO] Major multinational companies appealed gingerly to Chinese President Xi Jinping on Monday to reduce barriers to doing business in China’s heavily gov-ernment-directed economy, drawing a commitment to create a more
      AP  -  589 words
    • Article, Illustration
      Lock icon Ultra-high speed growth over: Xi
      426 15 AFP [BOAO] China’s President Xi Jinping said yesterday that the days of “ultra-high speed” growth in the world’s second-largest economy which many hope can spur a global recovery are probably over. “I don’t think we will be able to sustain an ultrahigh speed of economic
      AFP  -  426 words
    • Article, Illustration
      Lock icon China Q2 GDP could be hit if bird flu worsens
      324 15  -  By JEFF PAO EJ In sight [HONG KONG] China’s economic growth in the second quarter will be under pressure if the spread of the H7N9 avian influenza worsens, according to some economists. While the bird flu situation is not expected
      EJ Insight; PHOTO: REUTERS  -  324 words
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      2508 15 v NOTICES I Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****0050E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Overseas Union Enterprise Limited (the “Company”) will be held at Mandarin Orchard
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  • INDIA
    • Article
      Lock icon Banks, mutual funds maximising returns by breaching RBI rules
      869 16 Widespread practice typically takes place at the end of the fiscal year in March Reuters [MUMBAI] Banks and mutual funds in India are earning abnormally high returns in money markets by breaching central bank rules forbidding forward trades, multiple people involved
      Reuters  -  869 words
    • Article, Illustration
      Lock icon Repeat of 1991 crisis unlikely: Subbarao
      258 16 Bloomberg [NEW DELHI] India probably won’t suffer a repeat of its 1991 financing crisis even as it faces a record current account deficit, central bank governor Duvvuri Subbarao said. “We’re unlikely to have a balance-of-payments crisis,” he said last Saturday in Bangalore, flagging a
      Bloomberg; PHOTO: BLOOMBERG  -  258 words
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      1603 16 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CHANGJIANG FERTILIZER HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Reg. No. *****3878D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Vanda Room 4, Level 6, Marina Mandarin Singapore,
      1,603 words
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      1585 16 LDRENZD LORENZO INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****8277C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at 27 Kaki Bukit Place, Eunos Techpark, Singapore *****5 on 26 April 2013 (Friday) at
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      3015 17 MEWAH INTERNATIONAL INC. (Company No. CR-*****5) (Cayman Islands Company) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of MEWAH INTERNATIONAL INC. (“Company”) will be held at The Chevrons, Sunflower Room, Level 1, 48 Boon Lay Way, Singapore *****1 on Thursday, 25 April
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      2404 18 ISR CAPITAL LIMITED (Company No.: *****4762G) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 70 Anson Road, #24-01 Hub Synergy Point, Singapore *****5 on Thursday, 25 April 2013 at 10:00 a.m.,
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      2224 18 ERATAT LIFESTYLE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5552D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Eratat Lifestyle Limited (“the Company”) will be held at M Hotel Singapore, 81 Anson Road, Singapore *****8 on Thursday, 25 April 2013
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  • WORLD
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      Lock icon Cash-rich China banks expand lending in Asia
      683 19 Cheaper financing helping China’s companies venture overseas Bloomberg [SINGAPORE] China’s banks, led by Industrial Commercial Bank of China with ten times more cash than JPMorgan Chase, are lifting lending in Asia as they undercut rivals to help the nation’s companies expand overseas. The
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    • Article
      Lock icon Direct A$-yuan trading to kick off tomorrow, says Gillard
      548 20 Aussie dollar is third major currency to enjoy this link with the renminbi Bloomberg [HONG KONG] China will start direct trading between the yuan and Australia’s dollar from tomorrow. Announcing this at a press conference in Shanghai yesterday, Prime Minister Julia
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      522 20 AFP [NICOSIA] Finance Minister Haris Georgiades said yesterday that leaving the eurozone would take Cyprus back “centuries” and insisted the island has no “Plan B” for reneging on a 10-bil-lion-euro (S$16.15 billion) bailout. Leaving the European single currency, Mr Georgiades told parliament’s finance
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      Lock icon Crowdfunding sees 81% growth in 2012
      487 20 Reuters [LONDON] Crowdfunding websites helped companies and individuals worldwide raise US$2.7 billion from members of the public last year, an 81 per cent increase on the previous year, data showed yesterday. As banks rein in lending due to tougher capital rules and greater regulatory
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      Lock icon Spooked before, Fed gets set for another summer slump
      675 22 It’s likely to continue buying US$85b a month in bonds during the season Bloomberg [NEW YORK] This time, Federal Reserve policy makers are prepared for the summertime slump. During the past three years, the Fed planned to cut accommodation early in
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      Lock icon Creditors don’t want a Greek bank merger
      515 22 Instead, four lenders to be recapitalised separately AFP [ATHENS] Greece’s central bank said the country’s four main lenders would be recapitalised separately, a move that puts on hold a planned merger between two of them. “The Bank of Greece confirms that the recapitalisation
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      Lock icon Bumper crops forecast, but don’t bet on cheaper food yet
      680 25 Next few months crucial, as weather conditions will dictate harvest size Reuters [LONDON] Consumers can’t yet bank on a year of cheaper food, despite predictions for bulging grain crops in the United States and other major global producers that have
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      Lock icon Emerging markets piling on the kilos
      519 25 Their rising middle class the target of US fast-food chains Bloomberg [CHICAGO] Fast food and expanding waistlines are not just an American health concern. Even as McDonald’s, Yum! Brands and Domino’s Pizza work to placate an-ti-obesity advocates at home, they’re taking high-calorie offerings to
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      Lock icon Denmark central bank sounds warning over global liquidity
      593 26 An abrupt stimulus exit risks bursting asset bubbles or stunting a recovery Bloomberg [COPENHAGEN] Policy makers steering the global economy have pumped the financial system with so much liquidity that any exit risks popping potential asset bubbles or stunting a recovery, according
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      Lock icon Ex-trader Leeson to advise Irish on bank debts
      317 26 Bloom berg [DUBLIN] Nick Leeson, the trader whose wrong-way bets on Japanese stocks ruined British lender Barings, is joining GDP Partnership to advise Irish borrowers seeking to renegotiate debts in the wake of the real estate collapse. Mr Leeson, who has lived
      Bloomberg  -  317 words
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      Lock icon More US intelligence documents leaked
      657 29 WikiLeaks releases more than 1.7m diplomatic records from the 1970s AFP [LONDON] Whistleblowing website WikiLeaks has published more than 1.7 million US diplomatic and intelligence documents from the 1970s, according to founder Julian Assange. The website has collated a variety of records including cables, intelligence
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      Lock icon Six million jobs lost in EU since 2008: ILO
      213 29 AFP [GENEVA] European Union economies have shed almost six million jobs since the global economic crisis struck in 2008, according to the International Labour Organisation (ILO). In a report on the European labour market, the UN agency said that the employment
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      Lock icon Lucio Tan’s group to raise US$794b in share sale
      241 29 Bloomberg [MANILA] LT Group, the company controlled by Philippine billionaire Lucio Tan, plans to raise as much as 3 2.8 billion pesos (S$985 million) in a share sale that could be the nation’s largest in nearly a year. LT Group is
      Bloomberg  -  241 words
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      Lock icon Japan posts current account surplus in February
      500 30 Weaker yen raised overseas investment income to offset a persistent trade deficit Reuters [TOKYO] Japan’s current account registered a surplus for the first time in four months in February as a weaker yen boosted overseas investment income to offset a persistent trade deficit
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      Lock icon Portuguese PM goes for severe spending cuts
      729 31 Government has no choice as court rejects its austerity measures in budget AFP Bloomberg [LISBON] Portuguese Prime Minister Pedro Passos Coelho has called for severe cuts in public spending after a court rejected a number of austerity measures, as the European Union warned
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      Lock icon Swiss firms bet on weaker franc to boost earnings
      837 32 But flare-up in debt crisis could push up unit’s value, derail budget assumption Bloomberg [ZURICH] Swiss companies from toilet manufacturer Geberit to chocolate maker Lindt Spruengli are anticipating the franc will weaken and boost earnings this year. Europe’s latest debt crisis
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      2278 19 WATS NOTICES i Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices UNITED ENGINEERS LIMITED (Company Registration No. *****0018G) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninety-Ninth Annual General Meeting of United Engineers Limited (the “Company”) will be held at The Auditorium, 12 Ang Mo Kio
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      2628 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SELECT GROUP LIMITED Registration No. *****0697Z (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2013 Annual General Meeting of the shareholders of the Company will be held at 8 Wilkie Road #03-01 Wilkie Edge Singapore *****5
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      2125 21 SAMUDERA SHIPPING LINE LTD (Company Registration No. *****8462C) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Samudera Shipping Line Ltd (“the Company”) will be held at Oasia Hotel, Courtyard 02 03, Basement 1, 8 Sinaran Drive, Singapore
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      3651 21 Ramba Energy Limited (Company Registration Number: *****1668R) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ramba Energy Limited (the “Company”) will be held at 11 Bedok North Avenue 4, Richland Business Centre, #05-01 Singapore *****9 on Wednesday, 24 April 2013
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      1315 22 mats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MT MALACCA TRUST LIMITED (Company No.: *****9443M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AG NT) of the Company will be held at Compass Office, 30 Cecil Street, Level
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      1552 22 s~~\ DUTECH HOLDINGS LIMITED J (Incorporated in the Republic of Singapore) (Company Registration No. *****6359C) MJuKecn NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dutech Holdings Limited (“the Company") will be held at Anson 1, Level 2, M Hotel Singapore, 81 Anson Road,
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      1453 23 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHI-EAST PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6329N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CHI-EAST PTE. LTD. duly convened and held at 2 Shenton Way, #19-00,
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      3387 23 CHINA INTERNATIONAL HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA INTERNATIONAL HOLDINGS LIMITED (the “Company”) will be held at M Hotel Singapore, Anson III, Level 2, 81 Anson Road, Singapore *****8
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      2181 24 WATS NOTICES I I I Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 HotungGroup HOTUNG INVESTMENT HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hotung Investment Holdings Limited (the “Company”) will be held at The Landis Taipei Hotel, Banquet Hall, B1, 41
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      2115 24 ACHIEVA LIMITED (Company No: *****7251M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Nineteenth Annual General Meeting of Achieva Limited will be held at #06-00, 100J Pasir Panjang Road, SUTL House, Singapore *****5, on 25 April 2013 at 10.30 a.m. for
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      3076 25 V WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SHENGSIONG SHENG SIONG GROUP LTD. (Company Registration No.: *****3989Z) (Incorporated in Singapore on 10 November 2010) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING (“EGM”) of Sheng Siong Group Ltd. (the “Company”) will be convened
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      1244 26 'sc WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices RH PETROGAS LIMITED (Company Registration Number *****1138Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of RH PETROGAS LIMITED (the “Company”) will be held at 20 Harbour Drive, PSA
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      1423 26 LIBRA GROUP LIMITED Company Registration No. *****2364R (Incorporated in the Republic of Singapore on 20 October 2010) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Libra Group Limited (the “Company”) will be held at Seletar Country Club, 101 Seletar Club Road, Singapore
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      1121 27 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices OVERSEAS UNION ENTERPRISE LIMITED Company Registration No.: *****0050E Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fiftieth Annual General Meeting of Overseas Union Enterprise Limited (the “Company”) will be held at Mandarin Orchard Singapore, Mandarin Ballroom III, 6th Floor
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      2931 27 STNWA SINWA LIMITED (Company Registration Number *****6542H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sinwa Limited will be held at 28 Joo Koon Circle, Singapore *****7 on Wednesday, 24 April 2013 at 10.30 a.m. for the
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      2487 28 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF WELL COMMERCIAL PTE LTD (Co. Registration No. *****0498N) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT CHAPTER 50 NOTICE is
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      2022 29 [£AES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices YHM GROUP LIMITED (formerly known as China EnerSave Limited) (Incorporated in the Republic of Singapore) (Company Registration Number: *****6776D) NOTICE IS HEREBY GIVEN that the Annual General Meeting of YHM Group Limited (“the Company”) will be held at No. 87 Science Park
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      1806 30 v WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ARMSTRONG INDUSTRIAL CORPORATION LIMITED Company Registration Number: *****3808K (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING UNITED FOOD HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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      1348 31 WATS NOTICES I Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CLA/AUG06/g CATS Recruit The first door to your world of opportunities TYE SOON LIMITED Registration No. *****0114W (Incorporated in the Republic of Singapore) NOTICE OF 57THANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 57th Annual General Meeting of Tye Soon
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      1569 32 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Reg No. *****0230M Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Pteris Global Limited will be held at 28 Quality Road, Singapore *****8 on 2-4 April 2013, Wednesday at 9.00 a.m. for the following purposes: AS
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      1350 32 iT* P 9 9 HOLDINGS P99 HOLDINGS LIMITED Company Registration No. *****1696K (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICEISHEREBYGIVENthattheAnnualGeneralMeetingof P99 HOLDINGS LIMITED(“theCompany”) will be held at NUSS Kent Ridge Guild House, Dalvey Level 2,9 Kent Ridge Drive Singapore *****1 on 26 April 2013
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  • SEA ASIA 2013
    • Article, Illustration
      Lock icon A brighter future for Asian shipping
      1140 33  -  Support for Sea Asia 2013 reflects growing importance of Asia, and Singapore as an international maritime centre, reportsVINCENT VINCENT WEE THE Sea Asia 2013 Conference and Exhibition starts today at the Marina Bay Sands amidst optimism in the shipping market that Asia will lead
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      Lock icon Greater need for technology
      1603 34  -  Emission standards, energy efficiency and technological advances are challenges facing the shipping industry, reportsVINCENT reportsVINCENT WEE THE current regulatory regime in shipping is much more complex because of a greater environmental awareness globally and the resulting higher standards required. Stricter limits in areas such as emissions
      1,603 words
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      177 35 Organisers Seatrade SSVIF Singapore Maritime Foundation [37 In Print Online G* At Events Held in conjunction with SINGAPORE mantimeWeek 2 0 13 Supported by D O •Q a SINGAPORE EXHIBITION CONVENTION BUREAU Endorsed by aif Approved International Fair 9-11 April 2013 Marina Bay Sands® Singapore Asia’s fastest growing maritime exhibition
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  • EDITORIAL & OPINION
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      Lock icon Changi airport facing stiffer challenges
      479 36 EDITORIAL ONE can only guess what must have been going through the minds of the folks at Changi Airport Group as two A380s owned by Emirates and Qantas flew together in formation over the Sydney Harbour bridge last week to mark the start of their
      479 words
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      Lock icon After Cyprus, ‘bail-in’ is an option now for Europe
      779 36  -  THE BOTTOM LINE DANIEL GROS Daniel Gros is Director of the Centre for European Policy Studies Project Syndicate THE root of the problem in Cyprus is well known. Its two major banks had attracted huge deposits from abroad, largely from Russia,
      – Project Syndicate  -  779 words
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      Lock icon Healthcare sector set for dramatic change
      1199 36  -  Strong leadership, a willingness to try new ideas can change the way organisations work By TAN WAH YEOW, MALCOLM LOWE-LAURI Tan Wah Yeow is head of Asia Pacific Healthcare Practice, KPMG in Singapore and Malcolm Lowe-Lauri is a director, Global Centre of Excellence in
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      Lock icon Gold Standard nostalgia time again
      1332 37  -  Abolition of the Fed and letting free market run its course are themes finding space in mainstream political discourse LEON HADAR Washington Correspondent IN RECENT years the conventional wisdom in Washington has been that American politicians and pundits calling for the abolition of the US
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      Lock icon Beware of economists who peddle elegant models
      935 37  -  By MARK BUCHANAN The writer is a theoretical physicist and the author of “The Social Atom: Why the Rich Get Richer, Cheaters Get Caught and Your Neighbor Usually Looks Like You, is a Bloomberg View columnist. The opinions expressed are his own Mathematics
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      Lock icon SGX needs to look at circuit breakers, OTC
      216 37 LETTER TO THE EDITOR WHEN SGX extends its activities to new fields, it rightly deserves credit and receives it. However, in its strategy to adopt the features of leading world bourses like NYSE and Nasdaq, it seems to have ignored features like
      216 words
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  • SHIPPING/AVIATION
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      Lock icon Maritime firms can harness Singapore’s hub effect
      449 38  -  Republic also gaining much traction in maritime arbitration By LYNN KAN [SINGAPORE] Maritime companies facing tough international markets and mounting costs here should not underestimate Singapore’s “hub effect” in providing avenues for growth, said council members of the Singapore Shipping Association (SSA) at
      449 words
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      Lock icon Etihad’s Q1 passenger revenue up 19%
      428 38  -  By VEN SREENIVASAN [SINGAPORE] Abu Dhabi-based Etihad Airways, which this year celebrates its 10th anniversary of operations, posted a 19 per cent increase in its first-quarter 2013 passenger revenues to US$900 million, while cargo revenue surged 17 per cent to US$193 million. Etihad, which
      PHOTO: AFP  -  428 words
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      Lock icon BA’s potential Airbus order puts pressure on Boeing
      536 38 US giant pressed to step up launch of revamped 777 Reu ters [PARIS] A potential US$7 billion order from British Airways for Airbus A3 50 jets is set to hand Boeing its next major challenge as it nears the end of a
      Reuters  -  536 words
    • Article
      Lock icon No pork on Qantas’ Dubai flights
      218 38  -  By MARIA MALA YOGALINGAM [SINGAPORE] Qantas Airways has removed food items containing pork products and alcohol from its in-flight menu on flights that stop over in Dubai. The decision comes after the Qantas-Emirates tie-up that was officially launched on April 1. However, alcoholic drinks
      218 words
    • Article
      Lock icon S&P sees shipping defaults rising in coming months
      272 38 Bloomberg [LONDON] Shipping defaults will increase in the next few quarters after charter rates for the merchant fleet plunged and banks imposed tougher lending conditions, according to Standard Poor’s. Rates for vessels have slumped to between 30 per cent and 80 per
      Bloomberg  -  272 words
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      Lock icon TRANSPORT STOCKS
      232 38 SGX '000 Apr 8 S$ +/-Vol CH Offshore 0.48 -0.01 45 Chuan Hup Hldg 0.27 unch 10 Cosco Corp 0.88 -0.01 4460 S$ Ezra Hldgs 1.09 -0.01 4009 First Ship Lea Freight Links Grand Banks.............unch unch 0 Jaya Hold Ltd 0.66 -0.01 185 K1Ventures 0.16 unch 616 Keppel
      232 words
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      147 38 Sea S A 9 -11 April 2013 Marina Bay Sands® Singapore THE ASIAN VOICE IN WORLD SHIPPING World leading Conference with over 50 industry leaders Visit over 400 exhibitors showcasing the latest products Extensive networking with 14,000 industry peers over 3 days A dedicated Offshore Marine Day -10 April 2013
      147 words
  • Page 38 Miscellaneous
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      Lock icon Page 38 Miscellaneous Column 1
      329 38 CRYPTIC CROSSWORD Across 1 This is Q1, isn’t it? (7,8) 9 Animal’s mistake, crossing one river (7) 10 Show maturity, collared by quiet worker (7) 11 Dilapidated ancestral house (9) 12 Good Queen Bess’s mole (4) 13 Professional American’s positive response with 12 unfinished (6) 15 Go bottom and leg
      329 words
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  • Article
    Lock icon SHIPPING TIMES
    1493 39 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
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    Lock icon SASS celebrates its 33rd anniversary today
    320 39 Today, the Singapore Association of Ship Suppliers (SASS) marks the significant milestone of its 33rd anniversary with a Gala Evening at the Singapore Island Country Club. MARKET The event will bring together SASS members, their guests and representatives from the maritime community in Singapore
    320 words
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3110 40 Transaction date: Apr 8 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 Day Last Quote 11 7 AEM --AAT M Cap 167.5 106 AIMSAMPIReit 167.5 +5 1490 167.5 161.5 165
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      Lock icon SGX CATALIST
      224 41 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 3333 1.8 1.8 1.7 1.8 28.6 Last Quote Div Gr Yld Net M Cap High
      224 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10575 41 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncfCI A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Smaller Cos! 1 9888/ EM local Ccy Bond ...1.0026/ European Opportunities!" 1154/ Global Emerging Markets 1 Global Opportunities/ Global Emerging Markets USD 0 9247/ Global
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      Lock icon GLOBALQUOTE
      262 41 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A35 unch 2 35 35 32 37.5 3.6 10 2.8 91.1 46.5 30 Genting HK US$ US43 -1 ***** 44.5 42.5 42.5 43 2831.3
      262 words
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      Lock icon SGX ETF
      919 41 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 5 118 118 117.8 118 538.6 136.8 120.4 CIMB APAC Div 100S$D 136.1 134 134.9 111.7 95.8 CIMB APAC
      919 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      631 42 Apr 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.22 *****.29 Jun13 *****.00 *****.00 *****.00 *****.00 *****4 *****3 Sep13 *****.00 *****.00 *****.00 *****.00 289 3926 MSCI TAIWAN INDEX FUTURES SPOT 281.46 281.46 278.26 Apr13 282.90 282.90 277.40 277.40 0 *****1 May13 278.00
      631 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 42 In local curr In S$ In US$ dy yr dy yr dy yr Apr 5 Index Change Change Change Change Change Change World Preliminary 1011.1 -0.7 7.8 -0.6 7.3 -0.5 5.8 EAFE Preliminary 836.1 -0.5 7.9 -0.1 5.1 0.1 3.5 Europe Preliminary 1193.4 -1.5 4.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 42 Apr 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.057 6.446 0.799 8.065 56.790 101.360 1.027 11.851 3.179 1.231 102.212 42.872 1.290 9.421 0.972 31.213 30.405 0.678 1.039 Canada 0.946 6.096
      471 words
    • Article
      Lock icon SIBOR
      66 42 Apr 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      135 42 Apr 8 GOLD(US$/oz) Apr 05 Apr 08 Hong Kong 1561.00 1586.00 Apr 04 Apr 05 London 1550.20 1565.61 1550.95 1566.38 Source: Thomson Reuters CAST BAR Apr 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 141 63 5gm 401 314 10gm 716 629
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 42 Apr 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 11-Jul-13 0.24 6-Month BS*****X 04-Oct-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.13 100.19 100.19 5-Year N*****0T 2.375
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    • Article
      Lock icon PALM OIL
      57 42 Apr 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2360.0 2370.0 2364.0 2359.0 71 667 May 13 2380.0 2392.0 2395.0 2370.0 1231 9675 Jun 13 2387.0 2400.0 2402.0 2375.0 ***** ***** Jul 13 2386.0 2406.0
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      Lock icon INTERBANK CURRENCY RATES
      156 42 Apr 8 Apr Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2890 1.2903 1.0388 1.0391 Canadian dollar 1.2190 1.2202 0.9827 0.9823 Euro 1.6125 1.6137 1.2995 1.2996 NZ dollar 1.0468 1.0480 0.8436 0.8440 Sterling pound 1.9006 1.9022 1.5316
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    • Article
      Lock icon CHICAGO BOT
      108 42 Apr 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1361.75 1372.00 1373.50 1354.50 Jul 13 1343.75 1351.75 1353.00 1336.50 Aug 13 1317.25 1322.00 1321.00 1311.00 Sep 13 1265.00 1268.00 1266.50 1256.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
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      Lock icon LIFFE
      79 42 Apr 5 COCOA (£/tonne) Close Prev High/Low May 13 1431 1444 1442/1427 Jul 13 1436 1452 1451/1435 Sep 13 1450 1463 1462/1448 Dec 13 1456 1468 1463/1453 COFFEE(US$/tonne) Close Prev High/Low May 13 2011 2015 2015/1996 Jul 13 2054 2057 2057/2040 Sep 13 2064 2067 2067/2050 Nov 13 2067
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      922 42 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 669 4.88 13 Albedo Limited W*****9 Ratio Exer Asiatravel.com HoldingsW*****7 3 1 25 15 Asiatravel.com HoldingsW*****5 3.3 1 27 39 Disc Best World Intl Ltd
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 42 CRUDE OIL PRODUCTS Apr 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.80 -0.94 WTI (Near Mth) 92.87 -0.33 Dubai (1-Mth F) 103.01 -0.96 Tapis blend 111.55 -0.97 Minas 106.25 -0.97 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.33 -0.11 Jet Kerosene 119.81 -1.50 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      28 42 Apr8 5S B)4 Olfjp J month 1-24IS z mwfjlfu I J.AU} 1 ini «-month). 1 Mtfr 1 211? 6-months 1 2402 1 2424 Source: OCBC
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      Lock icon LONDON METALS
      65 42 Apr5 Apr Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1850.50 1856.00 3 months 1886.50 1885.00 Copper, Grade A(US$/tonne) Cash 7377.00 7411.75 3 months 7407.00 7441.00 Lead(US$/tonne) Cash 2018.25 2047.75 3 months 2045.00 2074.50 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 42 As at 9am Apr 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.255 Can dollar 1.249 1.190 Euro 1.651 1.573 Sterling pound 1.940 1.866 NZ dollar 1.079 1.018 US dollar 1.267 1.207 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      156 42 Apr8 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 months
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  • PROPERTY
    • Article
      Lock icon Rising US home prices may shrink mortgage deficits
      720 43 Federal Housing Administration faces shortfall in budget due to loan defaults Bloomberg [WASHINGTON] Surging US home prices could help shrink the Federal Housing Administration’s projected shortfall in President Barack Obama’s budget due tomorrow. Democratic and Republican lawmakers have been pushing for changes
      Bloomberg  -  720 words
    • Article
      Lock icon Mitsubishi UFJ buying Deutsche Bank loans
      419 43 Bloomberg [TOKYO] Mitsubishi UFJ Financial Group Inc has agreed to acquire about US$3.7 billion of property loan assets from Deutsche Bank AG to boost its commercial lending on the US East Coast. Mitsubishi UFJ’s Union BanCal Corp unit will acquire a commercial real estate
      Bloomberg  -  419 words
    • Article, Illustration
      Lock icon Sofitel to bring European touch to Singapore
      684 44  -  The luxury hotel chain has plans for 13 new hotels in Asia by 2015 By NATHANIEL CHEW SOFITEL Luxury Hotels plans to grow its presence significantly in Singapore and the Asia-Pacific over the next few years. The group’s first hotel here, Sofitel So
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    • Article
      Lock icon Industrial property sales plunge in Q1
      476 44  -  Appreciation of prices over the past two years should taper off in the next few quarters with drop in demand By TEO SI JIA EVEN as sales volume of strata-titled factories fell sharply in Q1, following the introduction of a seller’s stamp duty (SSD)
      476 words
    • Article
      Lock icon Business parks see flight to quality
      558 44  -  Tenants taking advantage of competitive rents to consolidate ops: CBRE By GRACE NG THE business and science park market is thriving and as in the commercial office market of today, there has been a flight by tenants to new buildings with quality specifications and
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      Lock icon Melbourne office vacancies to jump 11%
      307 44 Bloomberg [SYDNEY] Melbourne’s office vacancy rate will jump to about 11 per cent this year from about 8 per cent now, as supply outpaces demand, Morgan Stanley said. About 327,000 square metres of space is expected to come on the market between now and
      Bloomberg; PHOTO: BLOOMBERG  -  307 words
  • Page 43 Advertisements
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      Lock icon Page 43 Advertisements Column 1
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      Lock icon Page 43 Advertisements Column 2
      87 43 Elevated Freehold GCB Sites Jalan Asuhan AUCTION ON 26 APRIL 2013, 11.30 AM(HOTEL GRAND PACIFIC, formerly Allson Hotel) Rare, elevated regular plots, paranomic unblocked view. For sale separately, approx. 19,000 sf 26,000 sf each. Option to acquire one or both. For enquiries, please call: 6222 1110 or Stella Hoh CEA
      87 words
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      Lock icon Page 43 Advertisements Column 3
      252 43 Work your way 12 flexible office locations in Singapore Fully equipped and work-ready Terms to suit any size of business Opening soon in Orchard Wisma Atria Find out more about our fully equipped offices... www.regus.com.sg 1 800 622 1563 FOR LEASE BRAND-NEW, LIGHT INDUSTRIAL BUILDING AT ALJUNIED Walking distance to
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  • Page 44 Advertisements
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      Lock icon Page 44 Advertisements Column 1
      183 44 QUALITY. RELIABILITY. REPUTATION. j?/. E 2S!S 2013 ATA NlD-***** Judy Kueh 2015 DEC EXP A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look for NATAS-accredited
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      Lock icon Page 44 Advertisements Column 2
      13 44 c Singapore ampus Likes Which is the coolest Secondary School uniform? www.omy.sq yzone.omy.sg
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