The Business Times, 16 April 2013

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Microfilm: NL32546
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, April 16, 2013
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  • Article, Illustration
    Lock icon China’s growth falters despite credit injection
    769 1  -  Q1 growth slows to 7.7% despite credit pool increasing 58% from one year earlier By VIRGINIE MANGIN in Beijing CHINA’S growth slowed to 7.7 per cent in the first three months of the year, springing a nasty surprise on markets and analysts and suggesting
    PHOTO: AP  -  769 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,284.37 (-9.82) HST INDEX FUTURES 3,264.00 (-10.00) HSIMSCI 372.88 (-1.61) HSIMSCI FUTURES 370.60 (-1.10) US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.533 1.896 EURO (US$/S$/€ 1.307 1.617 Foreign currency per US$ S$ YEN 98.10 79.30 RM 3.038 2.457 HK$ 7.762 6.277 BAHT 29.05 23.49 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP 1,697.77 -0.76 NIKKEI 225 13,275.66 -209.48 HANG SENG 21,772.67 -316.38 SET INDEX Closed JAKARTA COMP 4,894.59 -42.62 MANILA COMP 6,837.77 -53.66 SEOUL COMP 1,920.45 -3.78 SHENZHEN B 781.30 -8.36 MUMBAI IND 18,357.80 +115.24 12.00noon EDT Change DOW 14,741.46 -123.60 NASDAQ 3,254.72 -40.23
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 TAIWAN 13.292 TAIWAN 5.036 JAPAN US KOREA 9.33 BRITAIN INDIA US Source: Bloomberg
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  • Article
    Lock icon Developer sales hit new highs on pent-up demand
    897 1  -  But March’s tally of 2,793 units likely to be one-off bonanza By KALPANA RASHIWALA [SINGAPORE] Most analysts expect developers’ sales to moderate over the next few months after they hit a record 2,793 units in March, nearly four times the 712 units
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      92 1 EYE ON MYANMAR Doing it the Myanmar way PAGE 18 HOCK LOCK SIEW AGM bunching: Answer lies in continual access SME Inc Upbeat outlook for the ‘Ikea of tyres’ PAGE 12 PRODUCTIVITY MATTERS Increasing industry collaboration PAGE 15 PAGE 7 *****81 *****4 Classique Tourbillon 1 47 KVS A <?> e=a
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      546 2 China’s growth falters despite credit injection CHINA’S growth slowed to 7.7 per cent in the first three months of the year, springing a nasty surprise on markets and analysts and suggesting that the world’s second largest economy has yet to find a sustainable growth model. Analysts had forecast
      546 words
    • Article
      Lock icon World Bank flags inflation danger for East Asia
      911 2  -  It also notes China’s internal rebalancing poses continued risk to the regional outlook By ANTHONY ROWLEY in Tokyo The spectre of inflation is looming large in emerging East Asian economies as they continue to grow at a robust pace and as extreme
      911 words
    • Article
      Lock icon Correction
      41 2 IN “Jack-up rigs: Chinese make presence felt” (BT, April 15), we gave the wrong designation for Chow Yew Yuen. It should be chief operating officer of Keppel Offshore and Marine, not chief executive officer. We are sorry for the error.
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    • Article
      Lock icon Dive in car sales dents retail data for February
      402 4  -  Excluding the item, sales rise 10% from a year ago; vehicle sales plunge 39.7% By NISHA RAMCHANDANI [SINGAPORE] Retail sales edged down 2.7 per cent year-on-year in February as vehicle sales took a hit. Excluding motor vehicles, sales were up 10
      402 words
    • Article, Illustration
      Lock icon Bids for 3 EC sites to close on same day
      850 4  -  Move could help moderate tender bids and future property prices MINDY TAN [SINGAPORE] In a move to moderate tender bids and future property prices, the tender for three sites will close on the same day for the first time. Included
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    • Article, Illustration
      Lock icon BN, PR candidates going for broke in Gelang Patah
      471 4  -  By S JAYASANKARAN in Kuala Lumpur THE caretaker menteri besar of Johor, Abdul Ghani Othman, is tipped to take on Opposition strongman Lim Kit Siang in Gelang Patah in the May 5 general election. The Johor seat is in a Chinese
      PHOTOS: NSTP; THE STAR  -  471 words
    • Article
      Lock icon Is poor safety the price of cheap airtravel?
      693 4  -  Mushrooming low-cost arriers also usher in risks COMMENTARY By VEN SREENIVASAN [SINGAPORE] “WE make people fly” has become a somewhat-unfortunate marketing tagline for the airline which forced its passengers to swim last weekend. The Lion Air accident which resulted in an almost-brand
      693 words
    • Article, Illustration
      Lock icon China’s faltering GDP a question of credit
      373 4  -  REUTERS BREAKINGVIEWS By JOHN FOLEY [HONG KONG] China’s first-quarter GDP growth of 7.7 per cent may have missed expectations. The real disappointment is that it did so in spite of a 58 per cent increase in financing. Though credit is flowing in the
      373 words
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      120 2 Growing J stakeholder power ml &> 9 a e Po^rs°' d/, eaw 3 D pnnWV—taking oit c oNV o' k Le ovc cceSS V Corporate* governance 5 overhaul Managing cornp\ex^V^J Why I ...is IMD the best executive education investment YOU can make at a time like this? Because >>^e are
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      425 2 KPMG cutting through complexity KPMG Seminar Series i Date Wednesday, 15 May 2013 Time 9.00am to 5.30pm Venue The St. Regis Singapore 29 Tanglin Road Singapore *****1 Seminar fees KPMG Client Alumni S$280 per participant Standard S$330 per participant The fee is inclusive of GST at the prevailing rate, seminar
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      455 3 AMERICAN cXHRESS f AMERICAN EXPRESS KRJSf LYI Mi JSS3#| 1 Z31 CP I I IT LL MILES MAKE A JOURNEY POSSIBLE. THE EXTRAS MAKE IT UNFORGETTABLE. Introducing the NEW American Express® Singapore Airlines KrisFlyer Ascend Credit Card. Discover unforgettable journeys, beginning with double 1 KrisFlyer miles on selected purchases at
      455 words
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  • Page 5 Advertisements
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      245 5 PATEK PHILIPPE GENEVE Begin your own tradition. m =r Tj > n D“At our family-owned company, we have a unique way of creating a new watch. We involve the family” I know that many people are fascinated by how a new Patek Philippe watch design comes into being. At our
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon A-Reit’s full-year DPU up 1.3% to 13.74 cents
      549 6  -  Trust’s manager announces development of DBS Asia Hub Phase II By MINDY TAN ASCENDAS Real Estate Investment Trust (A-Reit) posted income available for distribution of $305.6 million for the full year ended March 31, up 8.5 per cent from a year ago.
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    • Article
      Lock icon M1 to spend $85m on mobile upgrade, 3G radio network
      231 6  -  By JOYCE HOOI M1 is spending up to $85 million to upgrade its mobile networks and roll out a nationwide 3G radio network. Nokia Siemens Networks has been selected for the project, which will see the 3G radio network being
      231 words
    • Article
      Lock icon K-Green Trust’s Q1 EPU falls 8.9% to 0.51 cent
      358 6  -  Profit declines 9.8% to $3.2m; revenue for quarter at $17m By NG SAI YING K-Green Trust (KGT) has posted an earnings per unit (EPU) of 0.51 cent, 8.9 per cent lower than the EPU of 0.56 cent a year earlier. This
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    • Article
      Lock icon Keppel Reit’s Q1 DPU up 3.7%
      420 6  -  Higher occupancies drive property income up By NATHANIEL CHEW KEPPEL Reit posted a distribution per unit (DPU) of 1.97 cents for Q1 2013, up 3.7 per cent from a year earlier. Annualised DPU, at 7.99 cents, was up 4.6 per cent from a year
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    • Article
      Lock icon AGM bunching: Answer lies in continual access
      847 7  -  HOCK LOCK SIEW By KENNETH LIM TRYING to attend the annual general meetings of all the companies in which one is invested can be a nightmare for the Singapore investor, particularly during the last full week of this month when at least 240
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    • Article
      Lock icon Contel acquiring YuuZoo in $582m RTO deal
      412 7  -  YuuZoo vendors will end up holding an 85% equity stake in Contel By CARINE LEE CONTEL Corporation has inked a $582.3 million reverse takeover deal with the vendors of e-commerce social network YuuZoo Corporation. The parties yesterday signed a shares and options exchange
      412 words
    • Article
      Lock icon US$226m jack-up rig order for Keppel
      254 7  -  By LYNN KAN KEPPEL Offshore Marine (Keppel O&M) inked a fresh contract for a jack-up rig worth US$226 million with first-time customer Falcon Energy Group. Subsidiary Keppel Fels will build a proprietary KFELS Super B Class jack-up unit for Falcon Energy’s subsidiary FTS Derricks.
      254 words
    • Article
      Lock icon Qian Hu Q1 net down 88%
      358 7  -  Lower margins on dragon fish due to glut in M’sia cited By CAI HAOXIANG LOWER profit margins due to an oversupply of the mass market variety of the auspicious dragon fish continued to affect the bottom line of ornamental fish seller Qian Hu. It
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    • Article, Illustration
      Lock icon CCM shares up 24% on $3m capital injection
      348 9  -  By CAI HAOXIANG SHARES in Catalist-listed construction company CCM Group closed trading 24.4 per cent higher at 11.2 cents yesterday on news of a $3 million capital injection by businessman and investor Chan Heng Fai. The stock hit an in-tra-day high of
      FILE PHOTO  -  348 words
    • Article
      Lock icon Geo Energy in deal to buy new coal concession
      227 9  -  By NG SAI YING GEO Energy Resources Ltd, an Indonesian coal mining specialist, has entered into a conditional sale and purchase agreement for the acquisition of a fifth mine concession this year. The new concession is in East Kalimantan province, Indonesia,
      227 words
    • Article
      Lock icon Global growth making comeback: Pictet unit
      424 9  -  It sees positive outlook for equities, particularly in the US and Asia By R SIVANITHY GLOBAL growth is slowly but surely making a comeback and this means the outlook is positive for equities, particularly in the United States and Asia, according to Pictet Wealth
      424 words
    • COMPANY BRIEFS
      • Article
        Lock icon SPH completes purchase of sgCarMart
        27 9 SINGAPORE Press Holdings (SPH) said yesterday it has completed its acquisition of sgCarMart, and now owns a full stake in the latter.
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      • Article
        Lock icon Far East trust to buy Rendezvous properties
        138 9 FAR East Hospitality Trust said yesterday it had entered into a deal with The Straits Trading Company (STC) to acquire both Rendezvous Grand Hotel Singapore and Rendezvous Gallery for S$264.3 million. This is Far East H-Trust's first acquisition since its initial public offering
        138 words
      • Article
        Lock icon K-Reit’s Sydney property 56% pre-committed
        55 9 KEPPEL Reit said its property at 8 Chifley Square is now more than 56 per cent pre-committed. The property in Sydney is jointly owned with Mirvac Group. Under a 10-year lease agreement, QBE Insurance Group will occupy about 30,000 sq ft of prime office space
        55 words
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      133 6 CO BEYOND RETAIL THERAPY AND DISCOVER THE BEAUTY OF TOTAL UUELLNESS FROM LUITHIN PARAGON Situated in Paragon, Paragon Medical houses over 100 world-class medical specialists to meet all of your healthcare needs. MEDICAL SERVICES; Aesthetics/Cosmetic Surgery Anti-ageing Cardiology Day Surgery Centre Dentistry/Orthodontics Dermatology Ear, Nose Throat (ENT) Fertility Centres General
      133 words
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      314 7 Value Growth m Pauline Teo Ken Chee Warren Buffett is able to compound an annual average of 20% from his investments for 40 years, turning $9,800 to over 40 billion. The great Sir John Templeton, one of the greatest stock picker of all time, outperform and outbeat the market consistently
      314 words
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      Lock icon Page 7 Advertisements Column 2
      72 7 Creating Experience. Value. Partnerships We bring Inspiration, Innovation, Value to your business! FUTURE TRAN ASIA 2013 We help you make a mark in the transport sector: Airport Terminals Aviation Rail Road Find out how to target your market today. Organised by: sphere SINGAPORE PRESS HOLDINGS Find out more about the
      72 words
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      138 7 THE WORLD’S FINEST SERVICED VIRTUAL OFFICES Variety of offices to cater to your every need Prestigious address, dedicated receptionist secretarial support, 5 star meeting rooms boardrooms Experience world leading IT and communications technology Take advantage of flexible lease terms from 1 month Phone number issued INSTANTLY! W servcorp.com.sg HSERVCORP Levels
      138 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak China numbers draw sellers out
      611 8  -  Market continues trend of past fortnight with yet another quiet session and minimal retail client business STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday dropped 9.82 points to 3,284.37 in tandem with a 1.4 per cent loss in Hong Kong that came
      Source: Bloomberg  -  611 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      74 8 Apr 15 VALUE CLOSE BT OB/OS -440.00 -93.00 BT CADI -*****.00 -133.00 BT 10-day MA -*****.00 -44.00 FTSE ST Mid Cap 838.26 +0.18 FTSE ST Small Cap 582.61 -1.66 FTSE ST All Share 814.53 -1.98 FTSE ST China Top 219.15 -1.22 FTSE ST China 248.08 -1.45 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 6 0 0 0 2 8 6 Manufacturing 31 68 50 7 11 10 38 79 60 Commerce 18 29 24 4 3 6 22 32 30 Tpt/Stor/Comms 10 22 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 67,888 67,888 62,138 62,138 Manufacturing 272,217 201,283 473,500 262,329 5,945 268,274 Commerce 287,155 130,071 417,226 72,880 11,618 84,498 Tpt/Stor/Comms 68,408 12,306 80,714 124,639 4,253 128,891 Finance 137,915 353 138,268 146,212 136 146,348 Construction 79,500 21,355
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      963 8  -  Compiled by Kenneth Lim Ezra Holdings April 15 close: S$1.05 OCBC Investment Research, April 15 EZRA Holdings (Ezra) reported a 17 per cent y-o-y increase in revenue to US$247.1 million and a 34 per cent rise in net profit to US$29.7 million in Q2 FY13. However, we note
      Source: Bloomberg  -  963 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 2.010 -0.010 CapitaLand 3.500 -0.050 CapitaMall 2.260 +0.020 CityDev 11.240 -0.050 ComfortDelGro 1.920 DBS Grp 15.540 -0.130 GLP 2.740 -0.070 Genting SP 1.430 -0.010 Golden Agri 0.555 -0.010 HK Land 7.490 -0.030 HPH Trust US$ 0.840 -0.005 JMH 65.980 +1.170 JSH
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    • Article, Illustration
      Lock icon Highest daily gain for won since early Feb
      492 8 CURRENCIES Reuters [SEOUL] The South Korean won registered the highest gain in more than two months against the US dollar yesterday as investors adjusted long positions on the greenback built up because of the tensions on the peninsula. A firmer yen against
      Reuters; PHOTO: REUTERS  -  492 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Innopac 116,830,000 SingHaiyi 111,138,000 CEFC Intl 108,757,000 Federal Int 107,234,000 Infinio 105,247,000 AdvanceSCT 99,108,000 WE Hldgs 93,233,000 ISDN Hldgs 52,765,000 Golden Agri 51,598,000 CPH 49,444,000 VALUE($) SPH 152,652,690 SingTel 66,144,871 DBS Grp 58,758,670 Ascendasreit 44,140,398 ISDN Hldgs 41,662,720 CapitaLand 40,154,631 GLP 39,355,510 Keppel Corp 31,335,650 Golden
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    • Article
      Lock icon RISES
      121 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 4848.4 36.1 SPDRS S&P 500 10US$ ***** 321.4 1.7 JMH 6598 144.6 1.8 JSH 3913 90.2 1.9 DBS Bk 4.7% NCPS 100 ***** 30.0 0.3 DBXT S&P Short 10US$ 3135 27.2 0.7 DBXT SPASX200 10US$ 4071 24.7 0.5 Hyflux 6% CPS
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    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN GLD 10US$ *****-1721.0 -9.2 DBXT MSKorea 10US$ 5546 -138.5 -2.0 DBXT FTVietnam 10US$ 2404 -131.0 -4.2 DBXT FTChina25 10US$ 2695 -56.9 -1.7 Lyxor China H 10US$ 1357 -35.9 -2.1 Jardine C&C 5048 -32.0 -0.6 SPH 434 -26.0 -5.7 SPH.ES.1304 434 -25.0 -5.4 DBXT CSI300 10US$
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      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • Page 9 Advertisements
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      171 9 Greenscreen Studio $550/day with HD cam, sound, lights crew Offer expires 30 April 2013, mention this ad for Special Rate above. Terms apply. Call 900-66-830 S’ r~~TCE f. 7» www.greenscreen.com.sg Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES Place
      171 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Businesses upbeat for Q2, reversing Q1’s downtrend
      531 10  -  All leading business indicators in D&B study rise into expansionary region By MALMINDERJIT SINGH LOCAL business leaders are more upbeat about the local economy, with the latest study showing that optimism among local businesses has improved for the second quarter of 2013, reversing
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon NEC names new chief executive
        109 10 SINGAPORE-BASED NEC Asia Pacific yesterday announced the appointment of Toshiya Matsuki as its new chief executive officer. Mr Matsuki has over 30 years of overseas business experience since joining Japan’s NEC Corp in 1983 and has held both executive and sales management positions during his
        109 words
      • Article
        Lock icon MOH Holdings signs deal with HK authority
        103 10 MOH Holdings (MOHH) has signed a key memorandum of understanding with the Hospital Authority (HA) of Hong Kong to promote international healthcare collaboration through the establishment of a structured exchange platform. This paves the way for training and exchange programmes to be made
        103 words
    • Article
      Lock icon Al-Futtaim to invest over $60m to grow Robinsons in Singapore
      290 10  -  Funding to enhance in-store experience By NATHANIEL CHEW THE Al-Futtaim Group will invest over $60 million to expand the brand presence of its retailer, Robinsons, in Singapore. The funding will be used primarily to enhance the in-store experience at Robinsons
      290 words
    • Article
      Lock icon Amex, SIA launch fourth KrisFlyer cobrand credit card
      328 10  -  The Ascend card fills gap between KrisFlyer Gold and the PPS Club cards By GRACE NG AMERICAN Express (Amex) and Singapore Airlines (SIA) launched their fourth KrisFlyer cobrand credit card yesterday. Called the KrisFlyer Ascend Credit Card, the new card targets what
      328 words
    • Article
      Lock icon S’pore tax info sharing meets global standard
      343 10  -  Global Forum says peers see Republic as reliable partner By LEE U-WEN SINGAPORE’S exchange of information (EOI) regime has been deemed to be in line with the internationally agreed standards. This is according to a new report by the Global Forum, which has
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    • Article, Illustration
      Lock icon Stepping up to help needy students, 3M style
      241 10  -  By Arthur Lee 3M Singapore, in partnership with the South East Community Development Council (SECDC), intends to give 3,000 stationery packs worth $40 each to students from lower-income families under the Ministry of Education’s MOE Financial Assistance Scheme. SECDC’s stair-climb challenge aims
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      107 10 Call 1800 289 8822 I or e-mail I, notices@sph.com.sg to place your AGM EGM Notices WATS f NOTICES 3j STAMFORD CELLARS THE ULTIMATE WINE CELLARAGE Located in Asia’s only ultra-high security freeport dedicated to the storage of fine art and high value collectibles, Stamford Cellars at The Singapore Freeport is
      107 words
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      223 11 Newly Published! “An indispensable source for the thinking of one of the seminal leaders of our period. Dr. Henry Kissinger Former US Secretary of State The definitive 20-volume collection of Mr. Lee Kuan Yew’s speeches, interviews and dialogues from 1950-2011. Available at Books Kinokuniya, MPH Bookstores, Popular Bookstores and Prologue.
      223 words
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  • SME Inc
    • Article, Illustration
      Lock icon Upbeat outlook for the ‘Ikea of tyres’
      760 12  -  Omni eyes listing, wants to look into significantly reducing its carbon footprint, saysANNA LEE ANNA LEE OMNI United had initially planned to make a profit of US$1 billion by 2015. It is not quite there, but still, the 10-year-old provider of manufacturing and
      PHOTO: JOSEPH NAIR  -  760 words
    • EMERGING ENTERPRISE
      • Article, Illustration
        Lock icon Venturing overseas: what SMEs need to know
        1773 13 INCREASINGLY more small and medi-um-sized enterprises (SMEs) are heading to overseas markets, to seek greater opportunities and to expand their market in order to achieve sufficient scale for greater productivity. A survey conducted last year by International Enterprise Singapore also found that 67
        1,773 words
    • Article, Illustration
      Lock icon Disseminating strategy: A user’s guide
      1291 14  -  Your new strategy looks good on paper and in the executive suite, but what does it take for the employees to get it? COMMENTARY By CHARLES GALUNIC, ALVIN LEE Charles Galunic is professor of organisational behaviour at Insead, and Alvin Lee is web editor of
      PHOTO: STOCK.XCHNG  -  1,291 words
  • Page 12 Advertisements
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      290 12 HP recommends Windows. Ready for business Windows 8 Pro Essential mobility at an irresistible value price. Optimised for Windows 8 Pro, the HP 450 comes with a 14-inch diagonal display and offers Intel® technology, wireless capabilities and multimedia tools. And the durable casing protects the notebook's matte charcoal finish, so
      290 words
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      Lock icon Page 12 Advertisements Column 2
      65 12 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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      244 13 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
      244 words
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  • Page 14 Advertisements
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      103 14 FOCUS ON YOUR REAL BUSINESS. Ninety-nine percent of companies in Singapore are SMEs* with at least one-third seeking to trim operating cost by outsourcing their accounting, taxation and payroll needs. Intime Accounting Pte Ltd specialise and have the appropriate resources and expertise to help you achieve high level of accuracy,
      103 words
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      Lock icon Page 14 Advertisements Column 2
      99 14 HOME LOAN COMPARISON CALCULATOR Use our Home Loan Wizard to compare the latest home loan rates and packages across all banks in Singapore! www.stproperty.sg/property-tool a At STProperty.sg, your ideal property isn’t hard to find. ft/j\ '-X kJ Awarded Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 Download
      99 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon A collective boost for SME productivity
      918 15  -  New sectors being targeted include those that have been especially hard hit by the tightened foreign manpower policies. By TEH SHI NING INDUSTRY COLLABORATION ByTEH TEH SHI NING THERE is strength in numbers a cliche that may not be intuitive to the smaller businesses
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    • Article, Illustration
      Lock icon Getting SME suppliers to embrace mobile technology
      731 15  -  By TEH SHI NING WHEN department store Metro decided to embrace mobile technology, 10 of its small and medium-sized vendors decided to jump on board too. In January, Metro launched its mobile point-of-sales (POS) system. With this, customers can now check out purchases
      731 words
    • Article
      Lock icon Taking steps to assess and improve productivity
      799 15 IN productivity, as in other matters, awareness is the first step to change. Which is why, for more than two years now, Spring Singapore has been offering to score SMEs on how well they are managing their productivity. Some of the more than
      799 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Blank cheque IPOs sprouting in M’sia
      926 16 Firms with no profit, revenue or assets entice with plans to buy corporations Reuters [KUALA LUMPUR] Malaysia’s bull market is seeing a type of initial public offering, still fairly new to Asia, that takes a special kind of company public: one with no profits,
      Reuters  -  926 words
    • Article, Illustration
      Lock icon CIMB launches Mumbai banking, brokerage ops
      301 16 [KUALA LUMPUR] Malaysia’s second largest lender, CIMB Group, has started its investment banking and brokerage businesses in Mumbai, India, after obtaining a stockbroking licence from the Securities and Exchange Board of India. With the Indian operations, CIMB Group’s investment banking footprint now covers all
      301 words
    • Article
      Lock icon PE firm Carlyle sets up office in Indonesia
      476 16 It hires former UBS country head to tap rising M&A market Reuters [JAKARTA] Carlyle Group has hired a former UBS banker to launch an Indonesia office, sources said, becoming the first major private equity firm to set up shop on its own
      Reuters  -  476 words
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      140 16 ommattanA new f/teoe m/ts /awe ae/iiemeel eio rjbo rate exce/Ie/iee Individuals and companies that have shown exemplary standards in corporate governance, set new benchmarks in corporate disclosure standards, and adhered to a commendable policy of transparency, deserve a place among the stellar performers at the Singapore Corporate Awards 2013. Please
      140 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Cost of bird flu in China: 10b yuan a week
      650 17 Media urges public not to stop eating poultry to avert disaster for industry AFP Bloomberg [BEIJING] China’s poultry industry lost 10 billion yuan (S$2 billion) in the week after the H7N9 bird flu virus began infecting humans, state-run media said
      AFP; Bloomberg; PHOTO: AP  -  650 words
    • Article, Illustration
      Lock icon Sands lawsuits shine harsh light on casino paradise
      850 17 Adelson’s reference to triads makes headlines in Macau Reu ters [MACAU] Casino magnate Sheldon Adelson’s reference to triad organised crime gangs in testimony in a lawsuit has hit a raw nerve in Macau, the Chinese boomtown that his Las Vegas Sands Corp
      Reuters; PHOTO: AP  -  850 words
    • Article
      Lock icon India’s inflation eases in March
      352 17 Forty-month low boosts case for an interest-rate cut to revive struggling economy Bloomberg [NEW DELHI] Indian inflation eased in March by more than economists estimated to a 40-month low, boosting the case for an interest-rate cut to revive a struggling economy. The wholesale-price index rose
      Bloomberg  -  352 words
    • Article
      Lock icon China’s March commodity output slows
      493 17 Soft numbers fan concerns about recovery in demand Reuters [BEIJING] Chinese steel production and crude oil runs unexpectedly fell in March from a month ago, with lacklustre power generation and appetite for oil also fanning concerns that recovery in demand may be less vigorous than
      Reuters  -  493 words
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      50 17 (l) budgeltour Planners Beyond Expectations Discovertheworldwith Budget Tour Planners We offer customised itineraries that go beyond the ordinary... /Company Incentive Trips Off-site Meetings /Special Interest Tours /Tradeshows /Educational Tours /Pilgrimage Tours /Church Retreats /Local Sightseeing Tours /Coach Charter TA2283 Tel: 6737 1811 Email: sales©budget-tours.com.sg 51 Cuppage Road, #06-17, Singapore *****9
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      165 17 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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  • SPECIAL FOCUS
    • Article, Illustration
      Lock icon Doing it the Myanmar way
      1168 18  -  A clash of cultures can get in the way of Singapore’s investment By KRYSTAL CHUNG The writer was on a team of final-year journalism students from the Nanyang Technological University’s Wee Kim Wee School of Communication and Information who visited Myanmar for an in-depth assessment
      PHOTO: MARK TAY  -  1,168 words
  • Page 18 Advertisements
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      624 18 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 Novation Credit fP/Q 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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  • WORLD
    • Article, Illustration
      Lock icon Home builders’ confidence falls in April
      403 19 Many builders are hampered by rising materials costs and financing restrictions LATEST US DATA Bloomberg [WASHINGTON] Confidence among US homebuilders unexpectedly fell this month for a third month, restrained by rising costs for materials and financing restrictions. The National Association of Home Builders/Wells Fargo
      Bloomberg; PHOTO: AFP  -  403 words
    • WORLD WATCH
      • Article
        Lock icon France’s ministers list their personal wealth
        113 19 AP [PARIS] The French government has kicked off a full financial disclosure programme to show the financial records of its ministers but critics say listing their personal wealth is just a political show. By last evening, all 38 members of President Francois Hollande’s Socialist-led
        AP  -  113 words
      • Article
        Lock icon UK approves 1.9% rise in minimum wage
        168 19 Reuters [LONDON] Britain’s government approved a 1.9 per cent rise in the minimum wage yesterday, giving the country’s lowest-paid employees a bigger increase than most other workers but one that is still less than inflation. The minimum wage for workers aged 21 and
        Reuters  -  168 words
      • Article
        Lock icon Nicolas Maduro wins Venezuela election
        149 19 Reuters [CARACAS] Late socialist leader Hugo Chavez’s chosen successor Nicolas Maduro won Venezuela’s presidential election by a whisker but now faces opposition protests plus a host of economic and political challenges in the Opec nation. The 50-year-old former bus driver, whom Mr Chavez named as
        Reuters  -  149 words
      • Article
        Lock icon Women can’t compete in F1: Stirling Moss
        182 19 AFP [LONDON] British racing legend Stirling Moss does not believe that women are mentally tough enough to compete in Formula One (F1), despite the presence of female test drivers and team principals. “I think they have the strength but I don’t know if
        AFP  -  182 words
    • Article
      Lock icon Banks quitting ISDAFix amid rigging probe
      392 19 Bloomberg [LONDON] Banks are leaving the panel that sets ISDAFix, the benchmark for the US$379 trillion swaps market, as regulators probe suspected manipulation of the rate. HSBC Holdings, Europe’s largest bank by assets, and Japan’s Mizuho Financial Group stopped contributing to the ISDAFix dollar
      Bloomberg  -  392 words
    • Article, Illustration
      Lock icon N Korea celebrates its founder’s 101st birth anniversary
      479 20 No signs of tension easing on peninsula after it rejects talks with S Korea Reuters [SEOUL] North Korea celebrated the 101st anniversary of its founder’s birth yesterday with no signs of tension easing on the peninsula after it rejected talks with South
      Reuters; PHOTO: REUTERS  -  479 words
    • Article
      Lock icon Cyprus offers passports to big foreign losers in bailout
      424 20 AFP [LIMASSOL, Cyprus] President Nicos Anastasiades said that foreigners with bank deposits in Cyprus who lost at least 3 million euros (S$4.9 million) under an EU bailout for the island would be given passports. “Non-resident investors who held deposits prior” to
      AFP  -  424 words
    • Article, Illustration
      Lock icon BOJ likely to lose bet on massive easing
      747 21 No escape from a market crash in the future when you have such enormous debt: ex-Soros adviser Bloomberg [TOKYO] The Bank of Japan’s “huge bet” by boosting quantitative easing won’t turn the economy around and is instead sending the nation towards default,
      Bloomberg  -  747 words
    • Article
      Lock icon 4 Apple execs best-paid among S&P 500 firms
      672 22 Retention strategy puts the 4 ahead of CEO Tim Cook in ‘12 Bloomberg [SAN FRANCISCO] Four of the five highest-paid employees at Standard Poor’s 500 companies aren’t chief executive officers. They are Apple Inc senior lieutenants receiving compensation packages designed to keep
      Bloomberg  -  672 words
    • Article
      Lock icon Big US banks gaining market share, says Citi Europe CEO
      585 22 They recapitalised faster than Europe banks and are big enough to absorb regulatory costs Bloomberg [LONDON] Citigroup Inc’s European chief, Jim Cowles, said so-called US universal banks like his own are gaining market share in investment banking because they can
      Bloomberg  -  585 words
    • Article, Illustration
      Lock icon Economy has bottomed out; markets on the mend: Kuroda
      320 22 He says inflation goal can be reached within two years Reu ters [TOKYO] Bank of Japan Governor Haruhiko Kuroda said yesterday Japan’s financial system is stable and capital markets have been improving due to a decline in risk aversion and expectations
      Reuters; PHOTO: BLOOMBERG  -  320 words
    • Article
      Lock icon Global defence spending declines for 1st time in 15 years
      526 22 Bloomberg [LONDON] Global defence spending contracted for the first time in 15 years last year as US and European cuts exceeded rising outlays in China and Russia, the Stockholm International Peace Research Institute (Sipri) said. In the first decline since
      Bloomberg  -  526 words
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      155 19 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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      1192 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices SITRA HOLDINGS (INTERNATIONAL) LIMITED (Company Registration No.: *****1237E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Sitra Holdings (International) Limited (“the Company”) will be held at 18 Sungei
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      111 20 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from certified public accounting firms for Statutory audit Half year review and Qualifying loans and investment certification for financial year 2013 to 2015. Eligibility Tenderers must be Certified Public Accountants Document Fee No charge
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      943 20 Sake SAKARI RESOURCES LIMITED Company Registration No. *****4024R (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of SAKARI RESOURCES LIMITED (“the Company”) will be held at the STI AUDITORIUM, Capital Tower Level 9,168 Robinson Road, Singapore *****2 on
      943 words
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      97 21 TO m it F* lU 7j 7k ia A to o 3 'L‘ W The untrodden path to discovery is about savouring the journey, while anticipating the destination. p 7* SC *SS v*~ ,_*s L> f. A 'v*. V' V>- m r.~\ J A unique blend of intelligent travel, artistic
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      695 22 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOUCHPAPER ASIA PACIFIC PTE. LIMITED [CO. REG. NO. *****3777K] (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of
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      22 22 ox <o e< Q eX V VvaqA 0 rt\e^ c® OS r^siSs^aT'-’ s^ Q T^'-° \0° 0 \'h^ > qfo^ at**' s S01
      22 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Wind to blame for Lion Air jet’s belly flop?
      965 23 Attention focused on possibility of wind shear, downdraft from storm clouds Reuters [PARIS] The pilot whose Indonesian jet slumped into the sea while trying to land in Bali has described how he felt it “dragged” down by wind while he struggled
      Reuters; PHOTO: AP  -  965 words
    • Article, Illustration
      Lock icon Cruise ship disaster pre-trial hearings begin in Italy
      476 23 AFP [GROSSETO, Italy] The deadly Costa Concordia cruise ship disaster returned to court in Italy yesterday with the start of a long series of indictment hearings against six suspects including captain Francesco Schettino. Thirty-two people lost their lives when the giant luxury
      AFP; PHOTO: AP  -  476 words
    • Article
      Lock icon Kuehne & Nagel profit doubles on air-freight volume growth
      460 23 Kuehne Nagel profit doubles on air-freight volume growth Reorganisation has also helped the firm reduce costs Bloomberg [FRANKFURT] Kuehne Nagel International AG, the world’s biggest sea-freight f o r w a r d e r first-quarter profit almost sa id t h a t first-quarter profit almost doubled as air-freight
      Bloomberg  -  460 words
    • Article
      Lock icon World sea piracy falls 35% in Q1
      338 23 AP [KUALA LUMPUR] World sea piracy fell 35 per cent from a year ago in the first quarter of 2013, with the spotlight shifting to West Africa as navies helped keep pirates away from Somalia, an international maritime watchdog said yesterday. The International
      AP  -  338 words
    • Article
      Lock icon TRANSPORT STOCKS
      230 23 SGX '000 Apr 15 S$ +/-Vol CH Offshore 0.48 -0.01 16 Chuan Hup Hldg 0.28 0.01 350 Cosco Corp 0.90 -0.01 1018 S$ First Ship Lea 0.13 unch 127 Freight Links 0.48 Grand Banks unch unch 0 Jaya Hold Ltd 0.65 unch 364 K1Ventures 0.28 Keppel Corp 11.39
      230 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      306 23 CRYPTIC CROSSWORD Across 1 Loads of horse stuff found in empty stables (6) 5 Book vulnerable defender (8) 9 Sailor’s knots? (8,5) 10 Cowboy loves to chase uncooperative horse (8) 11 Bone’s diameter to be halved (6) 12 Iron Lady’s hat (6) 14 Frantic, but awfully refined, clasping the last
      306 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A host of issues for Asean to tackle
      515 24 EDITORIAL AS Asean’s leaders prepare to gather for their annual summit next week in Brunei the 10-member bloc’s current chair there are a number of priorities that need addressing sooner rather than later. Top of the list has to be the ongoing
      515 words
    • Article, Illustration
      Lock icon Thatcher set the path but others did not follow through
      796 24  -  THE BOTTOM LINE DAVID MASON The writer, who was a Price Waterhouse S’pore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore IN the modern era, there have been
      796 words
    • Article, Illustration
      Lock icon Towards good leadership in the non-profit world
      994 24  -  ‘Real’ leadership requires ability to transform other people’s fears and anxieties into hope By THOMAS MENKHOFF The writer is professor of organisational behaviour human resources (education), Lee Kong Chian School of Business, Singapore Management University AS in the corporate world where leaders have
      PHOTO: REUTERS  -  994 words
    • Article, Illustration
      Lock icon Asian banks also feeling heat of Basel III regulatory obligations
      1278 25  -  Many Asian countries have already put regulations in place to phase in the norms though By LEONG KOK KEONG ROHIT BAMMI The writers are head of financial services, and partner, financial risk management, respectively, of KPMG Singapore. The views and
      FILE PHOTO  -  1,278 words
    • Article, Illustration
      Lock icon Obama takes the lazy way out in budget proposal
      707 25  -  ROBERT SAMUELSON The Washington Post Writers Group THERE is something profoundly timid about President Obama’s proposed US$3.778 trillion budget for 2014. Stripped of boasts about “investments” for the future and a responsible “balance” between deficit reduction and economic growth, the budget
      The Washington Post Writers Group; PHOTO: AP  -  707 words
    • LETTERS TO THE EDITOR
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  • Article
    Lock icon SHIPPING TIMES
    1475 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    1,475 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      95 26 Shipping lines! Canthey seeking reliable I I find your Ipqistks partners! Zt E*. I Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I I IL UUJIllLJJ I IIVILJ Shipping Times PLACE YOUR AD HERE .THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327
      95 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      1794 27 Transaction date: Apr 15 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 15 11.4 8Telecom Sale --AAT Vol ('000) Day Last Quote High Low Buyer Seller 167.5 106 AIMSAMPIReit C'vr Net
      1,794 words
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      Lock icon SGX CATALIST
      221 28 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 Cvr P/E Smil 3.3
      221 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10748 28 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'** 2 0131/ EM Local Ccy Bond 1.0242/ European Opportunities 1 1 1756/ Global Emerging Markets!** Global Opportunities/'’ Global Emerging Markets USD 0
      10,748 words
    • Article
      Lock icon GLOBALQUOTE
      262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 +1 23 38 38 35 38 3.6 9.2 3 99 46.5 30 Genting HK US$ US44 unch 6517 44 43.5 43.5 44 2897.2
      262 words
    • Article
      Lock icon SGX ETF
      955 28 52-Wk Last Vol DAY Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119.5 +0.4 22 119.9 119.5 119.5 119.7 545.5 136.8 120.4 CIMB APAC Div 100S$D 136.1 135.6 136.5 111.7 95.8 CIMB
      955 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      625 29 Apr 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.86 *****.29 *****.86 Jun13 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Sep13 *****.00 *****.00 *****.00 *****.00 27 3900 MSCI TAIWAN INDEX FUTURES SPOT 280.81 281.50 278.15 Apr13 280.00 281.20 276.90 278.90 ***** *****9 May13 280.00
      625 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Apr 12 Index Change Change Change Change Change Change World Preliminary 1037.6 -0.6 10.6 -0.6 9.9 -0.6 8.6 EAFE Preliminary 863.0 -0.5 11.4 -0.5 8.2 -0.5 6.9 Europe Preliminary 1215.6 -0.9 6.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Apr 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.064 6.455 0.798 8.099 56.983 101.325 1.024 11.692 3.170 1.228 102.514 43.017 1.290 9.417 0.970 31.161 30.304 0.680 1.043 Canada 0.940 6.065
      471 words
    • Article
      Lock icon SIBOR
      66 29 Apr 15 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      66 words
    • Article
      Lock icon PRECIOUS METALS
      139 29 GOLD(US$/oz) Apr 12 Apr 15 Hong Kong 1567.50 1422.20 Apr 11 Apr 12 London 1565.46 1503.90 1566.23 1504.65 Source: Thomson Reuters CAST BAR Apr 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129 57 5gm 366 286 10gm 654 572 20gm 1232
      139 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 29 Apr 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 11-Jul-13 0.24 0.23 6-Month BS*****W 18-Oct-13 0.26 0.23 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-13 100.16 5-Year N*****0T 2.375
      89 words
    • Article
      Lock icon PALM OIL
      57 29 Apr 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2300.0 2305.0 2300.0 2300.0 22 367 May 13 2301.0 2327.0 2301.0 2274.0 1228 5966 Jun 13 2322.0 2345.0 2325.0 2281.0 ***** ***** Jul 13 2337.0 2357.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Apr 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2895 1.2911 1.0431 1.0436 Canadian dollar 1.2116 1.2131 0.9805 0.9801 Euro 1.6158 1.6173 1.3071 1.3072 NZ dollar 1.0499 1.0512 0.8493 0.8497 Sterling pound 1.8952 1.8971 1.5331 1.5334
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Apr 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.331 1.268 Can dollar 1.248 1.189 Euro 1.657 1.579 Sterling pound 1.936 1.862 NZ dollar 1.094 1.033 US dollar 1.262 1.202 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 Apr 15 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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
      157 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      897 29 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 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 Disc Best World Intl Ltd
      897 words
    • Article
      Lock icon CHICAGO BOT
      108 29 Apr 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1413.00 1402.00 1419.00 1399.50 Jul 13 1379.25 1368.25 1383.75 1365.25 Aug 13 1339.25 1331.00 1342.75 1329.75 Sep 13 1273.25 1267.25 1276.75 1266.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      108 words
    • Article
      Lock icon LIFFE
      94 29 Apr 12 COCOA (£/tonne) Close Prev High Low May 13 1504 1488 1509 1481 Jul 13 1504 1488 1512 1481 Sep 13 1514 1499 1521 1494 Dec 13 1520 1505 1529 1500 COFFEE(US$/tonne) Close Prev High Low May 13 2030 2006 2043 2002 Jul 13 2069 2048 2079 2046
      94 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Apr 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.78 -3.20 WTI (Near Mth) 91.18 -2.04 Dubai (1-Mth F) 100.41 -2.21 Tapis blend 107.72 -3.00 Minas 101.82 -3.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.22 -1.45 Jet Kerosene 116.59 -2.15 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Apr 15 S$ Bid Offer 1-month 1.2362 1.2372 2-months 1.2361 1.2372 3-months 1.2361 1.2373 6-months 1.2358 1.2375 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      67 29 Apr 12 Apr 12 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1818.75 1864.50 3 months 1853.50 1898.00 Copper, Grade A(US$/tonne) Cash 7374.90 7579.00 3 months 7406.50 7610.00 Lead(US$/tonne) Cash 2025.50 2059.00 3 months 2049.00 2084.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      67 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Qatar may buy Milan’s troubled business district
      573 30 Reuters [MILAN] Qatar is in talks to buy some or all of Milan’s newly built Porta Nuova business district as Italy’s economic crisis squeezes its US developer, several sources have told Reuters. Texas-based Hines declined comment on any move to cut its stake
      Reuters; PHOTO: REUTERS  -  573 words
    • Article
      Lock icon BOJ easing a blessing for US housing market
      843 30 Traders bet stimulus will bolster demand for US-owned mortgage securities Bloomberg [NEW YORK] US homebuyers are getting an unexpected boost from the Bank of Japan. As Governor Haruhiko Kuroda’s efforts to spark inflation by doubling the central bank’s bond purchases shrinks the
      Bloomberg  -  843 words
    • Article
      Lock icon China’s real estate investment growth slows in Q1
      312 31 Reuters [BEIJING] China’s real estate investment growth slowed in the first quarter, dragging down the broad economic recovery, though property sales remained strong, pushing up home prices and prompting policymakers to tighten property policies. Real estate investment, which was worth 11 per
      Reuters  -  312 words
    • Article, Illustration
      Lock icon Jem® brings big names to Jurong hub
      851 31  -  Jurong Gateway mall fully leased ahead of Q2 opening By GRACE NG UPCOMING suburban mall Jem® achieved 100 per cent leased status on April 4, with all 241 shops in the 74,000 sq ft mixed-use development being leased ahead of its opening in
      851 words
    • Article, Illustration
      Lock icon 4 out of every 10 buyers at E&O’s Penang project from S’pore
      642 31  -  By in PAULINE NG in Kuala Lumpur FOUR out of 10 purchasers at Eastern Oriental’s (E&O) Seri Tanjung Pinang (STP) are Singaporeans or residents of Singapore, drawn perhaps by the many “similarities” between Singapore and Penang a large
      642 words
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      Lock icon Page 30 Advertisements Column 1
      299 30 A1+C.,3B0=A QRY1V2R-,027QR2Q01 C+,3, +?=@7 0.=?35<,., 0. 0.=?3/=5,2= ?/3,2= ?+8C32 +?3?A+ 53+C ),?9R0 2701W472 D!J%>>[C D^[> D@L <L&6 OKEKG D^[H ][%<L!:C[C ’]%D’L D&< D^[H <L&< >D’]D!!L&H D&< !!L &<%- BD>%@L 3L^ <L&< >@D<<L^ ’]%>:[& F]L ][%<L!:C[C >L !!D6 >L D^%’D@ ][%<L!:C[C 6D] D&< ’]%>:[& 3HL:ADFL D&< D]%^L5D !!%6 C[&>#@[6 >%&0 MD@[CL’]%1
      299 words
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