The Business Times, 10 April 2013

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Microfilm: NL32545
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, April 10, 2013
    25 words
  • Article
    Lock icon World sinks into misery as policies flop
    1040 1  -  Unemployment, especially among youth, points to failure of quantitative easing in US, eurozone By in London lL‘l=||I=J=|I|ih'AML‘lL‘l in London SOME four years after the Great Recession, monetary and fiscal economic policies of the US and other major economies have failed to dent the
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  • Article, Illustration
    Lock icon Bungalow with a view to smash price records
    983 1  -  Owners look to sell 84,839 sq ft site for around $300m or above $3,000 psf By KALPANA RASHIWALA [SINGAPORE] A private-ly-held investment vehicle controlled by Wing Tai chairman Cheng Wai Keung and his wife Helen has put its Nassim Road bungalow on
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      109 1 EXEC MONEY CFA body adds social cause to its mission PROPERTY Twin Fountains EC launched in Woodlands COMPANIES Financial adviser rejects UE’s offer for WBL PAGE 8 TRANSPORT HUB Somali pirate attacks down 70% in 2012 PAGE 4 PAGE 52 PAGE 38 The leading Swiss private banking group. Since 1890.
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  • TOP STORIES
    • Article
      Lock icon COE premiums seen dipping at most today
      441 2  -  By SAMUEL EE [SINGAPORE] COE premiums are likely to stabilise or slip slightly in today’s bidding exercise for certificates of entitlement as most prospective luxury car buyers stay on the sidelines and small car buyers face affordability issues, say some motor distributors. But
      441 words
    • Article
      Lock icon Used car dealers eye an easing of financing curbs for their sector
      566 2  -  60-day reprieve enough for members to clear stock: trade body By SAMUEL EE [SINGAPORE] Most used car dealers are enjoying the government’s 60-day reprieve, but they are now looking beyond clearing their stocks and hoping that financing restrictions
      566 words
    • Article
      Lock icon Process of removing leaders begins
      1225 2  -  Govt move comes after some allegedly declined to extend their suspension CITY HARVEST CASE By TEH SHI NING [SINGAPORE] The Commissioner of Charities (COC) has decided to kickstart the process of removing eight City Harvest Church (CHC) members including its founder and senior pastor Kong
      1,225 words
    • Article
      Lock icon China can hold monetary policy as inflation eases
      642 2  -  Sharp drop in pork prices checks rise in March CPI By VIRGINIE MANGIN in Beijing CHINA’S inflation eased in March, dropping from a ten-month high and reducing pressure on the government to tighten monetary policy while leaving it more room to steer
      642 words
    • MARKETS DIGEST
      • Article
        Lock icon FOREX
        65 2 GST INDEX 3,296.57 (+11.96) GST INDEX FUTURES 3,277.00 (+12.00) GSIMSCI 374.59 (+1.84) GSIMSCI FUTURES 372.30 (+1.60) US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.527 1.894 EURO (US$/S$/€ 1.303 1.616 Foreign currency per US$ S$ YEN 99.10 79.90 RM 3.042 2.452 HK$ 7.764 6.260 BAHT 29.02 23.39 RUPIAH
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      • Article
        Lock icon MARKETS
        47 2 Tuesday Change KL COMP 1,690.27 +2.28 NIKKEI 225 13,192.35 -0.24 HANG SENG 21,870.34 +152.29 SET INDEX 1,470.72 -18.81 JAKARTA COMP 4,899.59 +2.07 MANILA COMP Closed SEOUL COMP 1,920.74 +2.05 SHENZHEN B 779.16 +9.16 MUMBAI IND 18,226.48 -211.30 12noon EDT Change DOW 14,640.07 +26.59 NASDAQ 3,226.50 +4.25
        47 words
      • Article
        Lock icon PRIME RATES
        19 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.374 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
        19 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      532 2 World sinks into misery as policies flop SOME four years after the Great Recession, monetary and fiscal economic policies of the US and other major economies have failed to dent the “misery index”. This index is a combination of the unemployment and inflation rate and, arguably it is
      532 words
    • Article
      Lock icon Fresh funds, efforts to boost maritime sector
      529 3  -  Tharman says a core of local talent should be grown to meet challenges By LYNN KAN [SINGAPORE] Singapore’s maritime sector will be getting fresh funds and programmes that will build up a local talent pool, improve productivity levels and spur more research and
      529 words
    • Article
      Lock icon ADB warns Asia of asset bubbles as solid growth is forecast
      928 3  -  It says capital waves from Japan, the US and Europe are driving up currencies By ANTHONY ROWLEY in Tokyo ASIA should continue to enjoy solid economic growth this year and next, but efforts by the world’s most advanced economies
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  • COMPANY NEWS
    • Article
      Lock icon Utd Engineer’s $4.15 bid for WBL ‘not fair’
      537 4  -  Financial adviser has sum-of-parts valuation of $4.27 to $5.16 By CAI HAOXIANG KPMG Corporate Finance, the independent financial adviser (IFA) to the takeover of WBL Corporation, has for the second time this year rejected an offer for the company as “not fair
      537 words
    • Article
      Lock icon ComfortDelGro grows London business
      332 4  -  Purchase of part of FirstGroup’s bus business and assets for £57.5m By NISHA RAMCHANDANI COMFORTDELGRO Corporation is buying a portion of FirstGroup’s London bus business and assets for £57.5 million (S$109 million) as it seeks to expand its operations in London. The purchase will allow ComfortDelGro
      332 words
    • Article, Illustration
      Lock icon Keppel Fels wins US$225m rig order from Ensco
      476 4  -  By LEE MEIXIAN KEPPEL Fels has secured a contract from offshore rig operator and long-term partner Ensco plc to build a KFELS B Class jack-up rig, to be named Ensco 110. The contract is worth about US$225 million, taking into account construction,
      476 words
    • Article
      Lock icon Potential buyers eye Poh Lian’s BCA ratings
      587 5  -  Interested parties are local construction players, say judicial managers By LEE MEIXIAN THE judicial managers of Poh Lian Construction (PLC) are looking for buyers for the troubled construction firm and have received several expressions of interest. Several potential investors have approached Tam Chee
      587 words
    • Article
      Lock icon Midas unit to supply $17.3m of MRT parts
      244 5  -  By CAI HAOXIANG A subsidiary of main-board-listed Midas Holdings has bagged $17.3 million worth of orders to supply aluminium alloy profiles used to make the body frames of new MRT trains. Jilin Midas Aluminium Industries secured the orders from its long-standing customer,
      244 words
    • Article
      Lock icon Deloitte issues qualified opinion on Delong
      259 5  -  By CAI HAOXIANG AUDITOR Deloitte Touche has issued a qualified opinion on the 2012 accounts of Beijing-based steel manufacturer Delong Holdings. Deloitte took issue with 42.6 million yuan (S$8.5 million) of receivables as well as a 14.8 million yuan prepayment made by a Delong
      259 words
    • Article
      Lock icon PICTET
      273 5 Pictet-Absl Rtn Glo Cons-P EUR 05/04/2013 EUR 105,54 Pictet-Absl Rtn Glo Div-P EUR 05/04/2013 EUR 119,28 Pictet-Asian Equities Ex Japan-P USD 05/04/2013 USD 172,31 Pictet-Asian Local Currency Debt-P USD 05/04/2013 USD 154,55 Pictet-Biotech-P USD 05/04/2013 USD 413,48 Pictet-Clean Energy-P USD 05/04/2013 USD 67,13 Pictet-Digital Communication-P USD 05/04/2013 USD 156,62
      273 words
    • Article
      Lock icon Oil prices likely to stay volatile
      474 7  -  Jet fuel market was flipping into backwardation in H2 2012, says CAO chief By RONNIE LIM OIL prices are expected to remain volatile in 2013, with “competition in oil trading markets expected to intensify”, China Aviation Oil’s CEO Meng Fanqui warned in its just-out
      474 words
    • Article
      Lock icon Chasen unit bags 48m yuan deal
      268 7  -  By ANDREA SOH A UNIT of mainboardlisted Chasen Holdings has secured a project for 48 million yuan (S$9.6 million). This follows four other projects that the group recently secured in China, Malaysia, Singapore and Vietnam, which have a combined value of about $5.85 million.
      268 words
    • Article
      Lock icon Glitch delays SGX derivatives trading for 3 hours
      465 7  -  By KENNETH LIM A MALFUNCTION delayed derivatives trading on the Singapore Exchange (SGX) for about three hours yesterday, raising the ire of frustrated traders. “A lot of clients called up to complain about opportunities lost, especially in contracts like the Nikkei futures,”
      465 words
    • Article
      Lock icon Contel issuing shares to pay fees owing to Stamford Law
      286 7  -  By CAI HAOXIANG CONTEL Corporation intends to issue 4.3 million new shares as payment of $270,415.26 professional fees owing to Stamford Law Corporation under a settlement agreement. The fees were for services rendered by the law firm as legal adviser
      286 words
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      59 4 f hi. i. > tgfcgtei Start believing. 3&QNB What’s more important than what we wish for ourselves is the future of our beloved kids.With QNB, the largest bank in the Middle East and North Africa, by your side, say goodbye to fears, and welcome your dreams. All you need to
      59 words
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      366 5 AIA GLOBAL PROPERTY RETURNS FUND INVESTMENT Build your investments with potentially higher returns and stable income 1 #“4 on n 111: liii SB ini n? ii f r»m *1 11 n i i i M i (c m Seek out finandal opportunities with AIA Global Property Returns Fund. In the
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon ST Index manages modest rebound
      588 6  -  This is in line with the recovery in the HK market and helped by short-covering STOCKS R SIVANITHY Senior Correspondent AFTER three straight days of losses during which the Straits Times Index (STI) fell around 38 points in total, the local market managed a modest
      Source: Bloomberg  -  588 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Apr 9 VALUE CLOSE BT OB/OS -451.00 -39.00 BT CADI -*****.00 +82.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 827.52 +6.20 FTSE ST Small Cap 576.54 +4.28 FTSE ST All Share 814.48 +3.70 FTSE ST China Top 218.39 +2.10 FTSE ST China 246.68 +2.83 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Contel 209,722,000 ICP 189,350,000 WE Hldgs 110,917,000 SingHaiyi 110,822,000 Digiland 93,302,000 Innopac 87,083,000 AdvanceSCT 80,631,000 Gallant R 65,722,000 YHM 65,720,000 IPCO Intl 62,334,000 VALUE($) GLP 108,606,030 SingTel 71,221,480 Keppel Corp 40,858,404 SPH 40,102,770 DBS Grp 36,111,360 SembMar 35,045,876 HPH Trust US$ 26,934,491 CapitaLand 26,783,966 OCBC Bk
      54 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 53 44 42 7 11 13 60 55 55 Commerce 25 15 23 6 6 3 31 21 26 Tpt/Stor/Comms 16 13 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 111,138 111,138 83,757 83,757 Manufacturing 561,732 321,998 883,730 198,270 5,385 203,656 Commerce 212,255 190,021 402,276 85,929 14,096 100,025 Tpt/Stor/Comms 95,797 16,116 111,913 152,071 6,242 158,313 Finance 103,252 171 103,423 117,923 47 117,971 Construction 132,281 66,180
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      905 6  -  Compiled by LYNN KAN Fortune Reit April 9 close: HK$6.90 OCBC Investment Research, April 9 THE growth in Hong Kong’s retail sales has picked up significantly since Q4 2012. Combining the first two months of 2013 to eliminate distortions from the timing of Chinese New Year, retail sales
      Source: Bloomberg  -  905 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.965 +0.010 CapitaLand 3.450 CapitaMall 2.170 +0.010 CityDev 11.31 +0.090 ComfortDelGro 1.900 -0.015 DBS Grp 15.66 +0.010 GLP 2.760 +0.030 Genting SP 1.455 Golden Agri 0.560 HK Land 7.300 +0.120 HPH Trust US$ 0.845 +0.020 JMH 65.39 -1.260 JSH 38.32 -0.480
      112 words
    • Article, Illustration
      Lock icon Yen recovers from 4-year low; baht up
      501 6 CURRENCIES Bloomberg [LONDON] The yen strengthened from the lowest level in almost four years against the US dollar yesterday, on speculation that its 6.4 per cent slump against the greenback in the past three days was too rapid. Japan’s currency advanced against all
      Bloomberg; PHOTO: REUTERS  -  501 words
    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 72.0 0.6 IS S&P500 ***** 64.5 0.3 DBXT FTChina25 10US$ 2744 59.5 1.8 Lyxor China H 10US$ 1388 34.7 2.1 DBXT MSCHINA 10US$ 1151 31.0 2.2 IS MSCI Spore 1396 31.0 1.8 DBS Bk 4.7% NCPS 100 ***** 28.0 0.3 DBXT
      120 words
    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN JMH 6539 -156.3 -1.9 JSH 3832 -59.5 -1.2 GLD 10US$ ***** -48.4 -0.3 DBXT MSKorea 10US$ 5500 -45.9 -0.7 DBXT FTVietnam 10US$ 2574 -28.5 -0.9 IS MS India 100US$ 576 -26.0 -3.5 Jardine C&C 5116 -22.0 -0.4 DBXT E50 10US$ 4017 -14.9 -0.3 ISDN Hldgs
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      186 7 presents its first interactive book MyanmarSunrise Read the extraordinary story of the world’s newest democracy experiment and South-east Asia's last big economic frontier Featuring in-depth interviews and stories by The Straits Times team, the 150-page interactive book offers a multimedia feast of over 200 high-definition photographs and videos of the
      186 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Woodlands exec condo starts from $660 psf
      461 8  -  Twin Fountains offers 418 units spread over eight 14-storey blocks By NATHANIEL CHEW FRASERS Centrepoint and Lum Chang have launched Twin Fountains, an executive condominium (EC) in Woodlands. Located at the junction of Woodlands Avenue 6 and Woodlands Drive 16, the 99-year, 418-unit
      461 words
    • Article
      Lock icon GSK partners A*Star to develop drugs
      321 8  -  By NISHA RAMCHANDANI PHARMACEUTICAL firm GlaxoSmithKline (GSK) and A*Star’s Institute of Chemical and Engineering Sciences (ICES) have inked a five-year agreement to develop medicines for emerging countries, which are expected to account for a sizeable proportion of the global market in the coming years.
      321 words
    • Article
      Lock icon 70% of financial advisers pass MAS requirement
      433 9  -  The others have two months more to pass exam on life insurance, ILPs By NATHANIEL CHEW ABOUT 70 per cent of financial advisory representatives have passed Capital Markets and Financial Advisory Services Module 9A, a survey by the Monetary Authority of Singapore (MAS)
      433 words
    • Article
      Lock icon Cybersecurity firm to set up hub here
      454 9  -  By NG SAI YING CYBERSECURITY firm FireEye, Inc plans to establish a regional customer support centre in Singapore, a move that is supported in part by the Economic Development Board. The regional customer support centre, which will be launched in roughly two to
      454 words
    • Article
      Lock icon UOB shortens time needed to open an account
      271 9 UNITED Overseas Bank has introduced a new service that claims to reduce the amount of time customers spend on opening a bank account. The service makes use of an electronic signing and scanning technology, so customers do not have to sign hard-copy
      271 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New appointments at WongPartnership
        52 9 WONGPARTNERSHIP has appointed capital markets lawyer Rachel Eng and the head of the firm’s corporate group Ng Wai King as joint managing partners. They will work to better serve clients in addition to their responsibilities of strategising and making practice decisions as members of the firm’s
        52 words
      • Article
        Lock icon PKF Int’l appoints new chair and CEO
        62 9 PKF International has appointed PKF-CAP LLP Singapore’s managing partner and chairman of the Asia-Pacific board, Sajjad Akhtar, as chairman, and former KPMG regional executive partner John Sim as chief executive. They will focus on expanding the accounting and business advisory group’s network of
        62 words
      • Article
        Lock icon Helping tech, media, telecom firms grow
        49 9 PwC Singapore has officially launched an Accelerator Programme to help high-growth technology, media and telecommunications (TMT) companies speed up their growth and expansion in Asia. Through the scheme, PwC will link TMT firms with potential investors and provide them with business advisory services.
        49 words
      • Article
        Lock icon Heart Media Hldgs buys publisher
        95 9 HEART Media Group has been purchased for an undisclosed amount by Heart Media Holdings (HMH). The latter is an acquisition vehicle set up by Julian Peh of WhiteWave Media Group and Olivier Burlot, co-founder of Adkom Media Group, which was acquired by Singapore Press Holdings.
        95 words
      • Article
        Lock icon SMU, Pudong institute in research tie-up
        61 9 SINGAPORE Management University’s Institute of Service Excellence and the Pudong Innovation Research Institute signed a letter of agreement yesterday to develop a user satisfaction measure for services in Shanghai’s Zhangjiang Hi-Tech Park together. Research findings will be used to develop the park’s public services
        61 words
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      240 8 BOARD ROOM BOUND Your new, anywhere office. No desk required. EXCLUSIVELY AT TUMI BOUTIQUES S TAKASHIMAYA SHOPPING CENTRE +65 6723 8081 RAFFLES CITY SHOPPING CENTRE +65 6723 8069 A THE SHOPPES AT MARINA BAY SANDS +65 6222 161 1 LUXURY FASHION AT RESORTS WORLD™ SENTOSA +65 6723 8003 S CHANG!
      240 words
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      212 9 o SAA GLOBAL EDUCATION The Education Arm of ICPAS UNIVERSITY OF LONDON INTERNATIONAL PROGRAMMES REGISTERED CENTRE STUDY LAW with SAA GLOBAL EDUCATION Preparatory Courses for the University of London Bachelor of Laws (LLB) Honours Diploma in the Common Law il COMPLETE Graduate LLB Route in Diploma in the Common Law
      212 words
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      185 9 ASIA FASHWON SUMMIT 11 2013 AN EVENT OF ASIA r FASHION EXCHANGE LEARN FROM TOP BRANDS AT ASIA'S PREMIER FASHION BUSINESS CONFERENCE W&gSff. 4 MU, 1 15-17 MAY 2013 RAFFLES CITY CONVENTION CENTRE www.asiafashionsummit.com Themed 'Asia's Fashion Moment Asia Fashion Summit (AFS) 2013 will examine trends, challenges and best practices
      185 words
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      2721 10 Byflux HYFLUX LTD Company Registration No.: *****2722Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hyflux Ltd (“Company”) will be held at 80 Bendemeer Road, Hyflux Innovation Centre, Singapore *****9 on 25 April 2013 at 2.00 p.m.
      2,721 words
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      2424 10 MAXI-CASH FINANCIAL SERVICES CORPORATION LTD (Company Registration No. *****6968Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Maxi-Cash Financial Services Corporation Ltd (the “Company”) will be held at 55 Ubi Avenue 1, #07-11, Ubi 55, Singapore *****5
      2,424 words
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      2325 11 AEI CORPORATION LTD. (the “Company”) (Incorporated in the Republic of Singapore) Co. Registration No. *****0506G Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of AEI Corporation Ltd., will be held at 12 Penjuru Lane, Jurong Town Industrial Estate, Singapore *****2 on Thursday, 25 April
      2,325 words
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      2879 11 SUPER GROUP LTD. (Company Registration No. *****1696K) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Super Group Ltd. ("the Company”) will be held at 2 Senoko South Road, Super Industrial Building, Singapore *****6 on Friday, 26 April
      2,879 words
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      5270 12 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ADVANCED HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****1856N) NOTICE OF ANN UAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Ninth Annual General Meeting of Advanced Holdings Ltd. (the “Company”) will be held at 29 Senoko South
      5,270 words
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      2173 13 A44JR. TIONG SENG HOLDINGS LIMITED (ESTABLISHED SINCE 1959. SINGAPORE) NOTICE OF ANNUAL GENERAL MEETING S NOTICE IS HEREBY GIVEN that the Annual General Meeting of TIONG SENG HOLDINGS LIMITED (the “Company”) will be held at The Pines, 30 Steven Road, Singapore *****0 on Friday, 26 April 2013 at 9.30 a.m.
      2,173 words
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      2926 13 VIBROPOWER CORPORATION LIMITED Registration No. *****4436E (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2013 Annual General Meeting of the members of the Company will be held at 11 Tuas Avenue 16 Singapore *****9 on 26 April 2013 at 9:00 a.m. for the purpose
      2,926 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KLCC Reit set for listing with RM15.4b assets
      468 14 Firm committed to paying over 90% of distributable income as dividends [KUALA LUMPUR] KLCC Property Holdings Bhd’s new stapled real estate investment trust (KLCC Reit) is set to become one of Asia’s largest listed groups with RM15.4 billion (S$6.2 billion) in assets
      468 words
    • Article, Illustration
      Lock icon Roadmap for Indonesia’s cocoa output
      667 14 Industry heavyweights aim to triple production of the bean by 2020 Reuters [JAKARTA] Some of the biggest names in the cocoa industry are chalking out an ambitious roadmap for Indonesia to triple output of the bean by 2020, as they push the world’s third biggest
      Reuters; PHOTO: REUTERS  -  667 words
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      1615 14 THAI BEVERAGE PUBLIC COMPANY LIMITED (Company Registration No. **********342) (Registered in the Kingdom of Thailand as a public company with limited liability) April 9, 2013 Re: Invitation to the 2013 Annual General Meeting of Shareholders To: All Shareholders of Thai Beverage Public Company Limited Enclosures: 1. Copy of the Minutes
      1,615 words
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      4373 15 a? B6ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EZION HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****4364E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ezion Holdings Limited (“the Company”) will be held at No. 87 Science Park
      4,373 words
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  • GREATER CHINA
    • Article
      Lock icon Qantas eyes HK nod for budget carrier
      590 16 Jetstar Hong Kong will target secondary Chinese cities in partnership with China Eastern Bloomberg [BEIJING] Qantas Airways Ltd expects to get approvals to start a budget carrier out of Hong Kong by the end of the year as Australia’s biggest airline seeks to
      Bloomberg  -  590 words
    • Article, Illustration
      Lock icon Bird flu outbreak triggers food safety fears
      506 16 AFP [SHANGHAI] China’s bird flu outbreak is “devastating” poultry sales, an industry group said yesterday, as the H7N9 virus which has killed seven people triggered a new food safety scare. Since China announced over a week ago that H7N9 avian influenza had been
      AFP; PHOTO: AFP  -  506 words
    • Article
      Lock icon China’s IPO bankers become frogs in slow boiling water
      946 17 Worst market in seven years means end to fat payouts, fast track careers Bloomberg [BEIJING] Shen Wei, one of the first 600 investment bankers authorised to sign off on initial public offerings in China, said the licence that made him one
      Bloomberg  -  946 words
    • Article, Illustration
      Lock icon Sands trial: mogul tells a tale of risk and reward
      320 17 AP [LAS VEGAS] Casino mogul Sheldon Adelson delivered a business lesson on Monday while testifying in a multibillion dollar breach of contract case. During his last day on the witness stand, Mr Adelson told an attentive jury how he had
      AP  -  320 words
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      2349 16 WATO NOTICES i Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Jp Dragon 8">“P DRAGON GROUP INTERNATIONAL LIMITED (Company Registration No. *****6761C) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of DRAGON GROUP INTERNATIONAL LIMITED (the ‘Company") will be held
      2,349 words
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      1081 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MANN SENG METAL INTERNATIONAL LIMITED (Incorporated in Singapore) (Company Registration Number *****8800R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at Blk 18 Sin Ming Lane, #06-08 Midview City, Singapore
      1,081 words
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      1396 17 oniontech ONIONTECH LIMITED (Company Registration No. *****1873E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of Oniontech Limited (the “Company") will be held at 9 Battery Road, #25-01 Straits Trading Building, Singapore *****0 on 25 April 2013
      1,396 words
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      2047 18 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AMARA HOLDINGS LIMITED HTuO (Incorporated in the Republic of Singapore) (Registration No. *****0732N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Amara Ballroom 2, Level 3, Amara Singapore, 165
      2,047 words
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      1603 18 UE E&C LTD. (Company Registration Number: *****5048D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of UE E&C Ltd. (the “Company”) will be held on Thursday 25 April 2013 at 3.30 p.m. at The Auditorium, 12 Ang
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  • INDIA
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      Lock icon India’s largest copper smelter in toxic debate
      853 19 Sterlite Industries denies it’s to blame for emissions on March 23 Reuters [CHENNAI] Housewife A Puneeta was washing dishes on a foggy Saturday morning when suddenly her throat began to burn. Coughing hard and struggling to breathe, she rushed into the street to
      Reuters; PHOTO: REUTERS  -  853 words
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      85 19 With Sincere Gratitude And Heartfelt Appreciation 22 26 April 2013 Appreciate reliable administrative assistants and treat them to a deserving and delectable meal at Fairmont Singapore. MIKUNI (Level 3) 4-course Japanese Set Lunch, $70++per person ASIAN MARKET CAFÉ (Level 2) $49++/ $59++per person PREGO (Level 1) 3-course Italian Set Lunch,
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      120 20 r Hire Mr Right. www.stjobs.sg Close to 60,000 hiring employers More than 1 million unique visitors Source: NetRatings, February 2013 Close to 600,000 job seekers Over 100,000 fans on social media sites More than 10 million page views and counting For enquiries, call Customer Care at 1800-69-***** or email customercare@stjobs.sg
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  • ECONOMY WATCH
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      Lock icon Fed’s tightening tool: interest on excess reserves
      551 21 Bernanke says asset sales not meant to be principal tool of policy normalisation Bloomberg [WASHINGTON] US Federal Reserve chairman Ben Bernanke said the Fed will raise the interest rate on excess reserves as its primary tool for tightening monetary policy, rather than selling
      Bloomberg; PHOTO: REUTERS  -  551 words
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      Lock icon UK manufacturing rebounds from snowy January
      412 21 Recession worries ease but goods trade deficit widens as exports fall Bloomberg [LONDON] UK manufacturing rose twice as much as economists forecast in February as it rebounded from a slump during snow the previous month. Factory output increased 0.8 per cent from January, when
      Bloomberg  -  412 words
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      Lock icon Savers pay price as UK banks get cheap money
      477 21 Funding for lending programme is meant to spur economy Bloomberg [LONDON] UK savers are at the losing end as Chancellor of the Exchequer George Osborne’s programme to boost lending gives banks access to £82 billion (S$155 billion) of cheap money, reducing
      Bloomberg  -  477 words
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      104 21 I S3 -s£ V UUfffeRE MIRROR ND POLIShED, SUR PAGES REFLECT GOOD TASTE. hiarble halls play host to the world's finest luxury brands and carefully curated favourites. We put the latest up on display; you pull the sublime off in style. j Gucci Salvatore Ferragamo Prada lad's Miu Miu Ermenegildo
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  • WORLD
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      Lock icon US bourses on war path against private trades
      672 22 NYSE, Nasdaq, Bats jointly push for greater regulation of platforms such as black pools NYT [NEW YORK] The chief executives of the three largest stock exchanges are joining forces for the first time to push regulators to rein in the increasing amount
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      Lock icon Foreign companies flocking to Cambodia
      667 23 They want to limit their reliance on factories in China where wages have surged NYT [PHNOM PENH] Tiffany Co is quietly building a diamond-pol-ishing factory in Cambodia, a country popularly associated more with killing fields and land mines than baubles. Some of Japan’s biggest manufacturers
      NYT; PHOTO: AFP  -  667 words
    • Article
      Lock icon Sundance dives after it ends Hanlong bid
      690 24 China firm unable to raise funds for takeover of Aussie firm after its chairman is detained AFP Bloomberg [SYDNEY] Shareholders of Australian iron ore company Sundance Resources saw their investments halved after it scrapped a A$1.14 billion (S$1.47 billion) takeover agreement with Sichuan
      AFP; Bloomberg  -  690 words
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      Lock icon Austria joins Luxembourg for EU bank secrecy talks
      522 24 Reu ters [VIENNA] Austria will join Luxembourg for talks with the European Union on how to crack down on cross-border tax cheats, Chancellor Werner Faymann said, signalling an easing of Vienna’s hardline stance on coveted bank secrecy. Mr Faymann, a Social Democrat,
      Reuters  -  522 words
    • Article
      Lock icon Queen to lead Thatcher’s mourners
      482 25 Govt says that the funeral will be held on April 17 at St Paul’s Cathedral AFP [LONDON] Britain will hold the funeral of former prime minister Margaret Thatcher next Wednesday with Queen Elizabeth II leading the mourners, officials said, as the country wrestled with deeply
      AFP  -  482 words
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      Lock icon Lee Kuan Yew, PM Lee send their condolences
      366 25 [SINGAPORE] In a letter yesterday to Carol and Mark Thatcher, the children of the late former British prime minister Margaret Thatcher, former minister mentor Lee Kuan Yew said he was “deeply saddened” by her death. “Your mother was a great friend and
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      Lock icon Jack Lew pushing for greater Europe effort
      593 26 US treasury secretary applies subdued but steady pressure Washing ton Post [BRUSSELS] Treasury Secretary Jack Lew, quickly embracing his role as the leading US diplomat on the economy, pushed his counterparts in Europe to do more to drive economic growth and enact stronger
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      Lock icon Australia eyes naval exercises with US, China
      367 26 Reuters Bloomb erg [BEIJING] Australia is hoping to see trilateral naval exercises with China and the United States and is pursuing a new strategic partnership with Asia’s biggest economy, said Prime Minister Julia Gillard, who is on a visit to China. Ms Gillard,
      Reuters; Bloomberg; PHOTO: REUTERS  -  367 words
    • Article
      Lock icon New BOJ policy will lift bond and equity markets overseas
      698 28 Part of 62t yen to be injected into Japan’s economy will end up overseas: analysts NYT [NEW YORK] The Bank of Japan’s new anti-deflation policy made waves throughout the global financial system when it was announced last week, driving down
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      Lock icon German exports drop amid regional recession
      447 28 Bloomberg [FRANKFURT] German exports fell more than economists forecast in February as the euro area, the country’s biggest trading partner, struggled to emerge from recession. Exports, adjusted for working days and seasonal changes, dropped 1.5 per cent from January, when they gained 1.3 per
      Bloomberg; PHOTO: REUTERS  -  447 words
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      Lock icon Echo to extend Sydney casino licence
      482 33 Bloomberg [SYDNEY] Echo Entertainment Group will seek to extend a licence to operate Sydney’s only casino beyond 2019, potentially blocking a rival resort that billionaire James Packer wants to build on the shores of the city’s harbour. The government of New South Wales state
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    • Article
      Lock icon Cyber attacks against US hurt China’s credibility
      393 33 Potential foreign investors fear losing their IP Reuters [BEIJING] Cyber attacks against the US from China are eroding the country’s credibility and scaring off potential foreign investors afraid of losing their intellectual property, according to a senior US official. The sheer scale of
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    • Article
      Lock icon Aussie opposition promises A$30b broadband plan
      488 33 All households would be connected to high-speed Internet by 2016 if it wins in Sept 14 elections Bloomberg [CANBERRA] Australia’s Libe-ral-National coalition plans to build a national broadband network for A$30 billion (S$38.96 billion) and connect all households to high-speed Internet by 2016 if
      Bloomberg  -  488 words
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      Lock icon Google’s rivals complain to EU over Android
      682 34 It’s accused of using software to build advantages for key apps like YouTube NYT [BRUSSELS] European antitrust regulators have received a formal complaint about Google’s Android operating system for mobile devices, even as they move to the final stages of their inquiry into
      NYT  -  682 words
    • Article
      Lock icon The burden of a complicated tax code
      438 34  -  Figuring out how much you owe IRS is the irksome part By CHARLES RILEY The writer is associate international editor at CNNMoney.com based in Hong Kong. For more business coverage, go to www.cnnmoney.com PAYING taxes in the United States can be incredibly unpleasant.
      438 words
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      Lock icon N Korea threatens foreigners in S Korea
      555 35 AP [PYONGYANG] North Korea yesterday urged all foreign companies and tourists in South Korea to evacuate, saying the two countries are on the verge of nuclear war. The new threat appeared to be an attempt to keep the region on tenterhooks over its
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    • Article
      Lock icon MasterCard under EU antitrust investigation
      361 35 Probe concerns fees for cross-border card payments Bloomberg [LUXEMBOURG] MasterCard Inc is under investigation by the European Union (EU) over the bank fees it charges on credit and de-bit-card payments made by customers based outside the 27-nation bloc. The European Commission, the EU’s competition watchdog,
      Bloomberg  -  361 words
    • Article
      Lock icon Central banks warned to be wary of inflation
      525 35 IMF also says it is ever more important for them to assert independence AFP [WASHINGTON] The International Monetary Fund (IMF) yesterday warned central banks to keep an eye on inflation and resist political pressure to focus policy only on lowering unemployment. With
      AFP  -  525 words
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      3237 22 AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KENCANA KENCANA AGRI LIMITED Registration No: *****7793E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2013 Annual General Meeting of the members of the Company will be held at Coleman Room, Level 1.
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      1414 23 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices OAK CHASWOOD RESOURCES HOLDINGS LTD. (Company Registration No.: *****1894D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Chaswood Resources Holdings Ltd. will be held at 70 Anson Road, #24-01 Hub
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      1543 23 QAF Limited Company Registration No. *****0035D (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 No. 224 Randan Loop, Singapore *****1 on 25 April 2013 at 10.30 a.m. to transact the following
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      1444 24 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices JUBILEE INDUSTRIES HOLDINGS LTD. (Company Registration No. *****4797H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of JUBILEE INDUSTRIES HOLDINGS LTD. (the “Company”) will be held at Sapphire 1, Orchid
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      2826 25 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices ASIA FASHION HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Asia Fashion Holdings Limited (“the Company”) will be held at SGX Centre
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      2936 26 mats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LUZHOU BIO-CHEM TECHNOLOGY LIMITED J] (Incorporated in the Republic of Singapore) (Company Registration No. *****2523N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Falcon Room, Level 3, Laguna National
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      15 27 Richpeople tendtobe borninYear oftheGoat, Monkey and Dragon To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      2042 27 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ADVANCED SYSTEMS AUTOMATION LIMITED (Company Registration No. *****0740M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Seventh Annual General Meeting of ADVANCED SYSTEMS AUTOMATION LIMITED (the “Company”), will be held at Blk 25, Kallang
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      1605 27 OAKWELL ENGINEERING LIMITED (Incorporated in Singapore) (Co. Reg. No: *****3368H) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of OAKWELL ENGINEERING LIMITED (the “Company”) will be held at The Conference Room, No. 8 Aljunied Avenue 3, Oakwell Building, Singapore *****3 on Friday, 26 April
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      2652 28 wats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (Incorporated in Singapore on 9 January 2003) (Company registration no. *****0326D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Net Pacific Financial Holdings Limited (the “Company”) will be held at 1 Robinson Road, #18-00
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      59 28 LOOKING FOR A PLATFORM TO SHOWCASE AND PROMOTE YOUR PRODUCTS? M FOOD ELECTRONICS BAZAAR 2013 19-21 July 2013 Singapore Expo Hall 6 4th year running Attracting more than 120,000 visitors ft f BOOK NOW! booths available! For more information, please contact Ms Adeline Goh (9681 8289) gohtna@sph.com.sg Mr Frankie Slow
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      4476 29 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AEM HOLDINGS LTD. Registration Number: *****6417D (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2013 Annual General Meeting of the members of the Company will be held at Serangoon Gardens Country Club, 22
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      4990 30 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KOH BROTHERS GROUP LIMITED (Unique Entity Number: *****0775D) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 19th Annual General Meeting of Koh Brothers Group Limited (the “Company”) will be held at Oxford Hotel,
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      3579 31 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ALBEDO LIMITED ACRA Registration Number: *****5118M (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting (“AGM”) of the Company will be held at Raffles Marina, 10 Tuas West Drive, Bridge
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      3464 32 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices MEMTECH INTERNATIONAL LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****2032Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Enterprise Room Raffles City Convention Centre No.2, Stamford
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      11 32 CATS Recruit The first step on your ladder to success WAT3
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      2550 33 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices lit HEETON HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration number: *****1387M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 60 Sembawang Road #01-02/03 Hong Heng Mansions, Singapore
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      712 34 MANDATORY CONDITIONAL CASH OFFERS by J.P. MORGAN (S.E.A.) LIMITED (Company Registration No. *****0154W) (Incorporated in the Republic of Singapore) for and on behalf of UE CENTENNIAL VENTURE PTE. LTD. (Company Registration No. *****2021D) (Incorporated in the Republic of Singapore) a wholly-owned subsidiary of UNITED ENGINEERS LIMITED (Company Registration No. *****0018G)
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      64 34 Looking for a Platform to showcase your Maternity or BaBy relateP ProPucts/services? 2013 a The Marketplace for New Expecting Parents V 12-14 July 2013 Singapore expo Great Peals! Exciting programs! Reach out to More than 80,000 Parents! BOOM NOW! ‘Limited Booths availaEle! For more information, please email to ms Angela
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      27 34 fMWl- 3 I LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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      3032 35 3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SINCAP GROUP LIMITED (Incorporated in the Republic of Singapore on 10 March 2010) (Company Registration No.: *****5161G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SINCAP GROUP LIMITED (the “Company”) will be held at Jade
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  • EDITORIAL & OPINION
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      Lock icon The mixed legacy of Thatcherism
      456 36 EDITORIAL FORMER British prime minister Margaret Thatcher, who died in London on Monday, will be long remembered for many things, not least of which is the political and economic legacy she leaves behind. That legacy is most prominent in her native Britain, where the shift
      456 words
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      Lock icon China-India ties marked by friendship and suspicion
      724 36  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THIS week is “Indian Water Week” as New Delhi emphasises efficient water management amid concern that China’s construction of three dams on the Yarlung
      724 words
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      Lock icon ‘Lesser Depression’ needs better doctors
      957 36  -  Barring a wholesale revolution in thinking, activist policies will not rescue the US By J BRADFORD DELONG The writer, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the
      Project Syndicate; PHOTO: AFP  -  957 words
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      Lock icon Tokyo’s ambitions in joining TPP
      1275 37  -  While already an economic superpower, Japan also needs to gain more political clout By WOO JUN JIE, SUVI DOGRA The writers are PhD Candidate at the Lee Kuan Yew School of Public Policy, Singapore, and Research Officer at the International Institute for Strategic Studies (IISS),
      PHOTO: AFP  -  1,275 words
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      Lock icon America’s foreign trade and the trade-offs
      882 37  -  ROBERT SAMUELSON The Washington Post Writers Group AMERICANS have a love-hate relationship with foreign trade. In the marketplace, we’re enthusiasts. During 2012, we scarfed up US$2.3 trillion of imports: cars, computers, clothes, smartphones, shoes, toys, oil and much more. We are also eager exporters,
      The Washington Post Writers Group; PHOTO: BLOOMBERG  -  882 words
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  • Transport HUB
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      Lock icon Somali pirate attacks down 70% in 2012
      363 38  -  But up to US$6.1 b is spent globally on combating the dangerous problem By LYNN KAN SOMALI pirates have gone quiet, but at a precious cost. The world spent an estimated US$5.7-6.1 billion last year to nip the life and cargo-endangering problem in
      Source: Oceans Beyond Piracy  -  363 words
    • Article
      Lock icon Seaborne trade to more than double by 2030: report
      326 38 Bloomberg [LONDON] Global seaborne trade will more than double by 2030 as China’s expanding economy drives demand for commodities from crude oil to iron ore, a study showed. Cargoes will rise to between 19 billion and 24 billion tonnes, Lloyd’s Register,
      Bloomberg  -  326 words
    • Article
      Lock icon Panama Canal eyes more trade after its upgrading
      452 38  -  SINGAPORE MARITIME WEEK By GRACE NG THE Panama Canal will command its fair share of global trade once a US$5.25 billion widening work is wrapped up in April 2015, said Panama Canal Authority (ACP) CEO Jorge Quijano. Speaking at the Sea Asia
      452 words
    • Article
      Lock icon Grounds to be upbeat, despite industry woes
      1030 38  -  STRAIT TALK By DAVID HUGHES WE are now halfway through Singapore Maritime Week 2013 and the tone has certainly been upbeat. hen launching this celebration of a “vibrant Maritime Singapore”, Maritime and Port Authority of Singapore (MPA) chief executive Lam Yi Young, said:
      1,030 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Berlin airport project plagued by cost overruns, delays
        818 39 Willy Brandt International Airport a source of national embarrassment AP [BERLIN] Rabbits scamper over quiet runways. Only the call of a crow disturbs the silence around a gleaming, empty terminal that should be humming with the din of thousands of passengers. Willy
        AP; PHOTO: AP  -  818 words
      • Article
        Lock icon Virgin Atlantic CEO plans two-year overhaul
        557 39 Bloomberg [EDINBURGH] Virgin Atlantic Airways Ltd’s new chief executive officer has given himself two years to cut costs and restore Richard Branson’s best-known brand to profitability without damaging its reputation for doing things differently. Craig Kreeger, who took over as CEO on Feb 1,
        Bloomberg  -  557 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon GM Holden blames yen for Aussie car woes
        367 40 AFP [SYDNEY] GM Holden blamed Japanese monetary policy yesterday for lagging car sales that have forced it to axe 500 jobs in Australia, with the plunging yen driving Japanese export costs down. Holden Australia’s chief Mike Devereux said that the yen had
        AFP  -  367 words
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        Lock icon Ford Focus stays ahead of Corolla as world’s best seller
        854 40 US carmakers erode Japanese rivals’ lead with compact, more fuel-efficient models Bloomberg [SOUTHFIELD, Michigan] It’s official: The Ford Focus was the best-selling car in the world in 2012. And while the title comes with all sorts of caveats, the rise
        Bloomberg; PHOTO: AFP  -  854 words
      • Article
        Lock icon Fisker fires 3 in 4 of its workers
        335 40 Reuters [DETROIT] Fisker Automotive, the struggling govern-ment-backed hybrid sports car maker, has terminated most of its rank-and-file employees in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. About 160 workers were fired last
        Reuters  -  335 words
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      1103 38 (Incorporated in the Republic of Singapore) (Company Reg. No. *****1169E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of INTERNATIONAL PRESS SOFTCOM LIMITED will be held at 26 Kallang Avenue, Conference Room, Level 2 International Press Building, Singapore *****7 on Friday, 26 April 2013
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      1093 39 V KAE3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LAFE CORPORATION LIMITED (Incorporated in Bermuda) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Lafe Corporation Limited (the “Company”) will be held at Dunearn 2, Level 1, Raffles Town
      1,093 words
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      1238 39 SIF TO ALL SHAREHOLDERS SING INVESTMENTS FINANCE LIMITED Incorporated in the Republic of Singapore Co. Reg. No. *****0348D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sing Investments Finance Limited will be held at 2 Shenton Way, 2nd Floor Auditorium SGX Centre 1,
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  • Page 39 Miscellaneous
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      306 39 CRYPTIC CROSSWORD Across 1 Section with opinion containing usual Telegraph leader (11) 10 Character from a tale about cat’s head (5) 11 Mistress can’t rouse fancy (9) 12 Mark, abstract art genius (9) 13 Live, that is, around midnight in buff (5) 14 Concern facing start of long year with
      306 words
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      1102 40 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KLW HOLDINGS LIMITED (Company Registration Number:*****4141D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of KLW Holdings Limited (the “Company”) will be held at 19 Senoko Loop, Singapore *****9 on 25
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      3403 41 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GEO ENERGY RESOURCES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1034Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Ocean Room 4 5, Pan Pacific Singapore,
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      192 41 In the Matter of The Companies Act, Cap 50 And In the Matter of ALLCO ORIGINATION PTE LTD. CO. REG.NO *****2378G (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50., the Final Meeting of the Company
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      3294 42 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0381N NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Pacific Century Regional Developments Limited (the “Company”) will be held at Raffles
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      4266 43 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AVIC INTERNATIONAL INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) (Registration No. *****4137N) NOTICE OF THE ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of AVIC International Investments Limited (the “Company”) will be held at Raffles Town Club,
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      3237 44 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IKl LHT HOLDINGS LIMITED Company Registration No. *****3094E (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of LHT Holdings Limited (“the Company”) will be held at 27 Sungei Kadut Street
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  • Article
    Lock icon SHIPPING TIMES
    2795 45 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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      194 46 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT
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      0 46 <%(_?@~,]]-'__:"[\@*&'`^}%-\([)
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3356 47 Transaction date: Apr 9 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 165.5 -2 326 167 164 165
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      Lock icon SGX CATALIST
      184 48 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 Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil -0.2
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      Lock icon UNIT TRUST & FUNDS
      10550 48 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Smaller Cos'** 1 9933/ China Opportunities 2 8436/ EM Local Ccy Bond 1.0176/ European Opportunities 1 1 1564/ Global Emerging Markets!** Global Opportunities/'’ Global
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      Lock icon GLOBALQUOTE
      262 48 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A37 +2 21 40 37 36.5 39 3.6 9.5 3 96.3 46.5 30 Genting HK US$ US43.5 +0.5 5489 43.5 42.5 43.5 44 2864.3
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      Lock icon SGX ETF
      970 48 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 7 118 118 118 119.5 538.6 136.8 120.4 CIMB APAC Div 100S$D 136.1 135.2 136.1 111.7 95.8 CIMB APAC
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  • FINANCE & COMMODITIES
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      Lock icon SGX DERIVATIVES TRADING
      628 49 Apr 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.13 *****.39 *****.73 Jun13 *****.00 *****.00 *****.00 *****.00 *****4 *****2 Sep13 *****.00 *****.00 *****.00 *****.00 18 3938 MSCI TAIWAN INDEX FUTURES SPOT 278.96 279.45 276.93 Apr13 276.20 277.50 275.50 276.80 ***** *****2 May13 276.50
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 49 In local curr In S$ In US$ dy yr dy yr dy yr Apr 8 Index Change Change Change Change Change Change World Preliminary 1017.3 0.4 8.4 0.3 7.9 0.2 6.2 EAFE Preliminary 843.6 0.9 8.9 0.5 5.7 0.4 4.0 Europe Preliminary 1197.0 0.3 4.3
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      Lock icon INTERBANK CROSS RATES
      471 49 Apr 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.060 6.464 0.800 8.091 56.787 101.427 1.032 11.879 3.170 1.229 102.522 42.971 1.293 9.368 0.975 31.278 30.238 0.683 1.042 Canada 0.944 6.100
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      Lock icon SIBOR
      65 49 Apr 9 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP
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      Lock icon PRECIOUS METALS
      134 49 Apr 9 GOLD(US$/oz) Apr 09 Apr 08 Hong Kong 1583.00 1586.00 Apr 08 Apr 05 London 1570.34 1565.61 1571.56 1566.38 Source: Thomson Reuters CAST BAR Apr 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 141 63 5gm 400 313 10gm 714 627
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      Lock icon GOVERNMENT SECURITIES
      92 49 Apr 9 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-13 100.15 100.21 100.20 5-Year N*****0T 2.375
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    • Article
      Lock icon PALM OIL
      53 49 Apr 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2361.0 603 May 13 2410.0 2383.0 2410.0 2375.0 1675 9456 Jun 13 2418.0 2395.0 2419.0 2384.0 ***** ***** Jul 13 2426.0 2401.0 2426.0 2393.0 4560 *****
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      Lock icon INTERBANK CURRENCY RATES
      155 49 Apr 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2922 1.2931 1.0419 1.0424 Canadian dollar 1.2193 1.2202 0.9837 0.9832 Euro 1.6159 1.6165 1.3029 1.3031 NZ dollar 1.0516 1.0524 0.8479 0.8484 Sterling pound 1.8933 1.8944 1.5266 1.5271
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      Lock icon CHICAGO BOT
      106 49 Apr 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1378.00 1361.75 1378.50 1370.50 Jul 13 1358.00 1343.75 1359.00 1352.00 Aug 13 1329.25 1317.25 1317.50 1317.50 Sep 13 1270.50 1265.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13 49.52 48.83
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      Lock icon LIFFE
      79 49 Apr 8 COCOA (£/tonne) Close Prev High/Low May 13 1473 1431 1475/1427 Jul 13 1471 1436 1473/1428 Sep 13 1483 1450 1485/1443 Dec 13 1490 1456 1491/1450 COFFEE(US$/tonne) Close Prev High/Low May 13 2008 2011 2030/2005 Jul 13 2055 2054 2075/2047 Sep 13 2066 2064 2086/2057 Nov 13 2069
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      921 49 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 669 4.88 13 Albedo Limited W*****9 Ratio Exer Asiatravel.com HoldingsW*****7 3 1 25 15 Asiatravel.com HoldingsW*****5 3.3 1 27 39 BakerTech W*****5 16.5 unch 21
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 49 CRUDE OIL PRODUCTS Apr 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 104.31 -0.49 WTI (Near Mth) 93.44 0.57 Dubai (1-Mth F) 102.28 -0.73 Tapis blend 110.23 -1.32 Minas 104.33 -1.92 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.44 -0.89 Jet Kerosene 118.61 -1.20 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 49 Apr 9 S$ Bid Offer 1-month 1.2401 1.2404 2-months 1.2400 1.2404 3-months 1.2399 1.2407 6-months 1.2395 1.2412 Source: OCBC
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      Lock icon LONDON METALS
      67 49 Apr 08 Apr 08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1853.00 1850.50 3 months 1890.00 1886.50 Copper, Grade A(US$/tonne) Cash 7420.00 7377.00 3 months 7450.00 7407.00 Lead(US$/tonne) Cash 2032.00 2018.25 3 months 2058.00 2045.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 49 As at 9am Apr 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.260 Can dollar 1.248 1.189 Euro 1.657 1.579 Sterling pound 1.930 1.856 NZ dollar 1.086 1.025 US dollar 1.265 1.205 Local dollars to 100 units of foreign
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      Lock icon INTERBANK RATES
      157 49 Apr 9 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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
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      260 50 Which Way for the US Dollar? Trade Forex on your iPhone with POEMS Mobile! Against the current backdrop of the debt ceiling crisis and central bank stimulus efforts, will the Dollar regain strength? Find out from Phillip Futures. To trade the Dollar, look out for: Interest rates decisions by the
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      21 50 W-«00 W*» 5 4 ei DIGITAL EDITION IS AVAILABLE FOR TABLETS AND SMARTPHONES! 50% AFF 1-YEAR DIGITAL Urr SUBSCRIPTION WWW.T0RQUE.C0M.SG sPHmagazines
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      75 50 Where the brightest minds and best solutions converge a a p c ASIA 10-12 JULY 2013 Marina Bay Sands, Singapore Singapore’s only dedicated office solutions and business event je ir,vv '^w C Os. Wibrt u f Q or n pyv@bte'' n < COr< ''6848 5938 Organised By: BIZLINK Exhibition Services
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      603 51 AWARDED FOR EXCELLENCE. RENOWNED FOR persistence. “THE DOORS OF WISDOM ARE NEVER SHUT.” BENJAMIN FRANKLIN With over 65 years of experience and offices in more than 30 countries, Franklin Templeton has built an enviable track record that has stood the test of time. We believe in thinking globally and acting
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  • executive Money
    • Article, Illustration
      Lock icon CFA body adds social cause to its mission
      956 52  -  It wants to catalyse sustainable social enterprises, reportsTEH TEH HOOI LING THE Singapore charter of CFA Institute, the not-for-profit global association of investment professionals, has reorientated its mission by adding a social element to its goal, following an erosion of public trust
      PHOTO: YEN MENG JIIN  -  956 words
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      Lock icon CFA annual conference here
      282 52  -  By TEH HOOI LING SINGAPORE will host the CFA Annual Conference this year, the first time in 65 years that the event has been held in Asia. The guest of honour at the event will be Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam, said
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      Lock icon Baht and ringgit ride crest of BOJ easing
      978 50 As Japan’s quantitative easing continues, all the flush liquidity is finding higher yields in S-E Asian currencies Reuters [SINGAPORE] The Thai baht climbed to a 16-year high against the dollar yesterday and the Malaysian ringgit hit a three-month high, spurred by expectations
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      Lock icon Henderson Global gets the Reit connections
      738 51  -  Singapore Reits make up 25% of the income fund that is bullish on real estate By TEH HOOI LING HENDERSON Global Investors has launched an income fund that will have a 75 per cent allocation to real estate investment trusts (reits), and the remaining
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    • Article
      Lock icon Silver lining in Brazil’s weak trade balance
      648 51 Sudden jump in imports of capital goods indicates higher investment and signs of industrial recovery, says official Reuters [BRASILIA] Brazil’s trade balance has worsened considerably this year, but a sudden jump in the import of capital goods points to a coming recovery in
      Reuters  -  648 words
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      105 52 REIT CONNECTIONS Henderson Global Investors get bullish on income from reits PAGE 51 The ultimate in backup appliances. Backup, deduplication, storage. All in one box. Symantec Backup Exec™ and Symantec NetBackup™ appliances are the only fully integrated backup, deduplication, and storage applianceswithindustry-leading,factory-installedSymantecsoftware.Sotheymakebackuplesscostlyandlesscomplexforallenterprises, small to large. And they’re practically ready to
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