The Business Times, 17 April 2013

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Microfilm: NL32546
Total Pages: 35
1 35 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 17, 2013
    25 words
  • Article, Illustration
    Lock icon Speculative selling turns gold story murky
    1023 1  -  Big slump in price not justified by fundamentals but many are running for cover By ANDREA SOH [SINGAPORE] Rarely has gold felt so unloved as prices slid to as low as US$1,322 in intra-day trading yesterday before recovering to US$1,396 at 9pm, Singapore time.
    Source: Bloomberg; PHOTO: AFP  -  1,023 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,291.58 (+7.21) GST INDEX FUTURES 3,271.00 (+7.00) GSIMSCI 373.06 (+0.18) HSIMSCI FUTURES 369.50 (-1.10) US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.530 1.892 EURO (US$/S$/€ 1.305 1.614 Foreign currency per US$ S$ YEN 97.80 79.10 RM 3.042 2.459 HK$ 7.762 6.276 BAHT 29.05 23.48 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,700.53 +2.76 NIKKEI 225 13,221.44 -54.22 HANG SENG 21,672.03 -100.64 SET INDEX Closed JAKARTA COMP 4,945.25 +50.66 MANILA COMP 6,786.33 -51.44 SEOUL COMP 1,922.21 +1.76 SHENZHEN B 788.78 +7.48 MUMBAI IND 18,744.93 +387.13 12.00noon EDT Change DOW 14,730.92 +131.81 NASDAQ 3,257.33 +40.84
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE MALAYSIA MALAYSIA HONG KONG HONGKONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA CANADA BRITAIN 0.50 US Source: Bloomberg
      22 words
  • Article, Illustration
    Lock icon Free MRT rides to city before morning rush hour
    721 1  -  One-year trial will start from June 24; programme likely to cost govt $10m By NG ZHUO YANG [SINGAPORE] Commuters who travel early into the city area by train will pay nothing at all from June 24. The Land Transport Authority (LTA)
    FILE PHOTO  -  721 words
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      58 1 COMMENTARY Did Thatcher make Britain Great again? PAGE 21 COMPANIES Small cap rally, credentials pay off for SGX PAGE 4 STRAIT TALK Fitting tribute to seafarers at SMW PAGE 22 EYE ON MYANMAR Daunting challenges PAGE 12 EXECUTIVE MONEY Sizing up savings, needs of the aged I PAGE 30 The
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      442 2 Speculative selling turns gold story murky RARELY has gold felt so unloved as its prices slid to as low as US$1,322 in intra-day trading yesterday before recovering to US$1,396 at 9pm, Singapore time. The jury is out on whether the recent sell-off indicates a near-term correction or if
      442 words
    • Article, Illustration
      Lock icon High alert in US cities after blasts kill three in Boston
      579 2  -  Obama vows those behind terrorist act will be caught and brought to justice By LEON HADAR in Washington THE US federal government sprang into action as high security alerts were declared in Washington, DC, New York City and other
      PHOTO: REUTERS  -  579 words
    • Article
      Lock icon Badawi, Rafidah not in GE line-up
      706 2  -  Ex-PM and former ministers making way for new blood By in S JAYASANKARAN in Kuala Lumpur FORMER Prime Minister Abdullah Ahmad Badawi leads a host of big-name Barisan Nasional candidates that will make way for younger candidates in the forthcoming general elections. Among the
      706 words
    • Article
      Lock icon 2 board members of SICCI quit, adding to list of resignations
      576 2  -  By MALMINDERJIT SINGH [SINGAPORE] As if several staff resignations in recent months were not bad enough, the Singapore Indian Chamber of Commerce and Industry (SICCI) now has to deal with the resignation of two board members from their duties
      576 words
    • Article
      Lock icon Correction
      73 2 IN “Jem® brings big names to Jurong hub” (BT, April 16), we said the size of Jem® was 74,000 square feet. This is incorrect. The size of the mall is 76,000 square metres. We would also like to clarify that Jem®’s collaboration with the South West Community Development Centre
      73 words
    • Article, Illustration
      Lock icon Shell goes ahead with 2 new key S’pore plants
      803 3  -  One will make high-purity ethylene oxide, the other will carry out ethoxylation By RONNIE LIM [SINGAPORE] Shell has given the green light for two new world-scale plants in Singapore one for making high-pu-rity ethylene oxide (HPEO) and the other for carrying
      803 words
    • Article
      Lock icon Ominous overhang of commodities seen in market
      739 3  -  By in NEIL BEHRMANN in London THE pain from falling commodity prices for producing nations looks set to get worse, while the gain for importing nations swells further. Prices of copper, aluminium, nickel, lead and zinc have crumbled from their 2011 peaks while
      739 words
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      73 2 The best pure-play private bank in Asia EFG 0 Bank Sfr Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com BOARD ROOM BOUND Your new, anywhere office. No desk required. EXCLUSIVELY AT TUMI BOUTIQUES TAKASHIMAYA SHOPPING CENTRE +65 6723 8081 RAFFLES CITY SHOPPING CENTRE +65 6723 8069 THE SHOPPES AT
      73 words
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      24 3 BANK OF THE YEAR IFR AWARDS 2012 —Bff.flfc..,: ?Mbbsb> am I S! *C. A CORPORATE INVESTMENT RANKING WEALTH MANAGEfflEt ASSET MANAGEMENT SECURITIES SERVICES INSURANCE
      24 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Small cap rally, credentials boost SGX Q3 profit by 26%
      669 4  -  Average daily derivatives volume surges 52% year on year By KENNETH LIM SINGAPORE Exchange (SGX) is reaping the benefits of a small-cap rally and its growing reputation as a safe and efficient marketplace, posting its best quarter since the global
      PHOTO: BLOOMBERG  -  669 words
    • Article
      Lock icon KepLand, Vanke in Tanah Merah JV project
      392 4  -  By MINDY TAN KEPPEL Land Ltd and China Vanke Co will undertake a condominium development in Tanah Merah as part of a strategic partnership that will see both companies jointly develop properties in Singapore and China. This first joint venture will see Wkdeveloper
      392 words
    • Article, Illustration
      Lock icon Wilmar buys stake in African sugar producer
      338 4  -  It acquires 27.5% of Cosumar for 2.3b Moroccan dirhams By ANGELA TENG WILMAR International has acquired a 27.5 per cent strategic stake in Cosumar SA, the third-largest sugar producer in Africa, for 2.3 billion Moroccan dirhams (S$335.1 million). The stake in Cosumar, which
      338 words
    • Article
      Lock icon Perennial to jointly develop Beijing project
      367 5  -  Project forms 2nd phase of $2.6b Beijing Tongzhou Integrated Development By TEO SI JIA PERENNIAL Real Estate Holdings (PREH) is part of a second consortium that has been formed to develop the second phase of the $2.6 billion Beijing Tongzhou Integrated Develop- ment. With
      367 words
    • Article, Illustration
      Lock icon M1’s Q1 net profit up 1.8% at $41m
      563 5  -  Handset sales fell, but mobile service revenue held up By JOYCE HOOI M1 rang in its first quarter numbers which were helped along by lower operating expenses, yesterday. Net profit for the period ended March 31, 2013 was 1.8 per cent higher
      FILE PHOTO  -  563 words
    • Article
      Lock icon Hafary Holdings to hold EGM on share split
      385 5  -  By CARINE LEE TILES specialist Hafary Holdings will hold an extraordinary general meeting (EGM) on May 6, for shareholders to vote on a proposed share split of every one ordinary share in the company into two ordinary shares. The share split, announced
      385 words
    • Article
      Lock icon Integrated reporting: the new big picture
      619 7  -  Consultative draft submitted for global feedback during the next 90 days By LYNN KAN INTEGRATED reporting, or corporate reporting that goes beyond compliance disclosures and financial numbers, has submitted its first consultative draft to the world’s scrutiny and feedback for the next 90 days.
      619 words
    • Article, Illustration
      Lock icon New way to receive your parcels
      457 7  -  SingPost launches self-service delivery system, POPStation By GRACE NG SINGAPORE Post Ltd (SingPost) yesterday launched the POPStation, a self-ser-vice parcel delivery locker system, after a trial over the past month. Parcels will be delivered to lockers at these “Pick Own Parcel” Stations, and recipients
      457 words
    • Article, Illustration
      Lock icon OCBC show features emerging Malaysian artists
      217 7  -  By ARTHUR LEE “OTHERS have seen what is and asked why. I have seen what could be and asked why not.” These words are inscribed on the back of a life-sized standee of Pablo Picasso. OCBC has installed six standees at the entrance to
      PHOTOS: ARTHUR LEE  -  217 words
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      127 4 Unmask deeper global business truths by going beyond the facades of understanding 31 years of partnership between East and West Immerse in the vibrant cultures of two of the world’s most respected academic institutions. STANFORD–NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 17 31 Aug 2013 The Stanford–NUS Executive Program, held in
      127 words
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      Lock icon Page 4 Advertisements Column 2
      522 4 ©2013 Ernst Young LLP. All Rights Reserved. n Financial Reporting Update 20 May 2013 Monday, 20 May 2013 8:30 a.m. 5:00 p.m. Venue Raffles City Convention Centre Level 4, Canning Room 80 Bras Basah Road Singapore *****0 Registration closes on Monday, 13 May 2013 Registration and enquiries Cherie SY Chan
      522 words
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      192 5 Engineered to be practical. Designed to be radical Introducing the new CIS Shooting Brake. The art of reinvention. Star Lease offers $0 downpayment Longest leasing tenure of 84 months Free sign-up bonus of $18,888 Limited units only The new CLS Shooting Brake is a triumph of design and innovation. By
      192 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI steady despite Wall Street woes
      610 6  -  Index recovers with net gain of 7.21 points after retreating 20 points early in the day STOCKS R SIVANITHY Senior Correspondent WALL Street’s Monday sell-off initially hit the local market hard yesterday with the Straits Times Index diving about 20 points at the opening
      Source: Bloomberg  -  610 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Apr 16 VALUE CLOSE BT OB/OS -429.00 +11.00 BT CADI -*****.00 -24.00 BT 10-day MA -*****.00 -43.00 FTSE ST Mid Cap 835.27 -2.99 FTSE ST Small Cap 582.10 -0.51 FTSE ST All Share 815.34 +0.81 FTSE ST China Top 217.93 -1.22 FTSE ST China 246.75 -1.33 FTSE
      73 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 7 0 0 0 3 6 7 Manufacturing 48 48 46 11 8 9 59 56 55 Commerce 21 24 20 7 4 1 28 28 21 Tpt/Stor/Comms 17 14 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,222 25,222 89,464 89,464 Manufacturing 633,523 206,599 840,122 292,241 7,509 299,750 Commerce 107,182 112,487 219,669 102,966 9,723 112,689 Tpt/Stor/Comms 112,616 14,028 126,644 219,483 5,234 224,717 Finance 70,148 488 70,636 165,101 228 165,330 Construction 427,264 59,521
      121 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      923 6  -  Compiled by Kenneth Lim K-Green Trust April 16 close: S$1.09 AmFraser Research, April 16 WE initiate coverage on K-Green Trust (KGT) with a “sell” call and a fair value of S$0.80. KGT is a business trust listed on Singapore Exchange, with a focus on “green” infrastructure assets. Its
      Source: Bloomberg  -  923 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 2.000 -0.010 CapitaLand 3.470 -0.030 CapitaMall 2.280 +0.020 CityDev 11.15 -0.090 ComfortDelGro 1.925 +0.005 DBS Grp 15.52 -0.020 GLP 2.760 +0.020 Genting SP 1.420 -0.010 Golden Agri 0.545 -0.010 HK Land 7.460 -0.030 HPH Trust US$ 0.840 JMH 66.49 +0.510 JSH
      115 words
    • Article, Illustration
      Lock icon Aussie, NZ dollars reverse wild falls
      551 6 CURRENCIES Reuters [SYDNEY] The Australian and New Zealand dollars recovered a little ground yesterday as the previous session’s wild falls drew some bargain hunting, though investors remained on edge. The Aussie bounced back to US$1.0377, having dived nearly 2 per cent on Monday to
      Reuters; PHOTO: BLOOMBERG  -  551 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME SingHaiyi 596,702,000 IPCO Intl 275,386,000 Contel 229,649,000 Golden Agri 112,311,000 Infinio 103,825,000 Yongnam 91,264,000 AdvanceSCT 72,975,000 WE Hldgs 72,510,000 YHM 58,238,000 Thai Beverage 53,745,000 VALUE($) SingTel 112,275,840 DBS Grp 76,449,970 Golden Agri 61,001,365 Keppel Corp 55,364,530 Ascendasreit 54,726,888 SPH 50,432,900 Wilmar 41,970,520 LionGold 40,085,180 SembMar 37,437,420
      53 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5615 85.3 1.2 DBXT MSMSIA 10US$ 1461 81.6 4.7 JMH 6649 63.1 0.8 JSH 3959 56.9 1.2 DBXT iBoxxSing 5SG$ ***** 45.0 0.3 DBXT S&P Short 10US$ 3169 42.1 1.1 DBXT MSINDO 10us$ 1711 38.3 1.8 Jardine C&C 5085 37.0 0.7 SIA
      111 words
    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -565.2 -3.3 DBXT DBLCI-OY 5US$ 3503 -305.5 -6.6 IS S&P500 ***** -124.9 -0.6 DBXT Nifty 10US$ ***** -85.3 -0.7 DBXT FTVietnam 10US$ 2358 -56.9 -1.9 OCBC Bk 5.1%NCPS 100 ***** -55.0 -0.5 DBXT MSCHINA 10US$ 1122 -47.0 -3.3 DBS.ES.1304 1552 -45.0 -2.8
      129 words
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      387 7 S E N T O S A SINGAPORE celebrating OURr birthday with enhanced member privileges 0 RWS Invites®, the premier loyalty programme from Resorts World® Sentosa, now serves a bigger slice of member privileges: dining benefits, complimentary parking, spending rebates and more. Get invited now rwsentosa.com/ rwsi nvites vou The
      387 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon FairPrice rewards stakeholders with $40m as it turns 40
      601 8  -  Employees to get special bonus; customers to enjoy additional rebates By LEE U-WEN NTUC FairPrice turns 40 this year and the homegrown supermarket chain is giving back to its stakeholders in a big way. The co-operative is doling out a total
      PHOTO: NG SOR LUAN/ THE STRAITS TIMES  -  601 words
    • Article
      Lock icon $50m surfactants plant on Jurong Island
      412 8  -  By RONNIE LIM HOT on the heels of Shell’s new investment announcements yesterday, surfactant maker Solvay Novecare was the first new downstream player to separately announce that it was setting up a “close to $50 million” large-scale alkoxylation plant on Jurong Island to make
      412 words
    • Article
      Lock icon Saving for retirement now top priority: poll
      472 8  -  41% of affluent Singaporeans think they need to save between $800,000 and $1.6m By MARIA MALA YOGALINGAM SOMEWHERE between six months ago and now, affluent Singaporeans’ savings priorities have shifted. It used to be that saving for emergencies topped their list of savings
      472 words
    • Article, Illustration
      Lock icon Covance’s expanded lab serves clients in Asia
      357 8  -  By NG SAI YING COVANCE Inc, a provider of drug development services, has completed a two-year long expansion of its central laboratory in Singapore. The new laboratory facility, having undergone a 50 per cent increase in size to approximately 2,700 sq m, is
      357 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New CEO at S’pore Int’l Arbitration Centre
        66 8 LIM Seok Hui has been appointed CEO of the Singapore International Arbitration Centre (SIAC). She starts from June 1, succeeding Minn Naing Oo who will return to private practice. Ms Lim was most recently senior vice-president and general counsel of Marina Bay Sands.
        66 words
      • Article
        Lock icon Retailers to take a leaf from HK experience
        107 8 THE Singapore Chinese Chamber of Commerce Industry is organising a Retail Productivity Camp to Hong Kong, taking along 29 representatives from local retailers such as Metro, Wing Tai, BHG, NTUC FairPrice, Cheers, Singapore Telecommunications, Polar Puffs Cakes, and Sports Link. The trip
        107 words
    • Article
      Lock icon SMEs paying their debts more promptly
      479 8  -  Only 15% of debts unpaid after 90 days, down by half compared to Q3 ‘12 By NATHANIEL CHEW MORE small and medi-um-sized enterprises (SMEs) are settling their debts on time, trade payment data for the first quarter released by DP SME Commercial Credit Bureau
      479 words
    • Article
      Lock icon US TV network laps up Asian Food Channel
      406 8  -  The AFC is ‘a solid foundation’ for US TV network’s Asian expansion plans, says Scripps By DEBBIE YONG THE Singapore-based Asian Food Channel (AFC) has been acquired by USbased television network Scripps Networks Interactive. Monday’s announcement comes just eight years after AFC
      406 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Maybank offers blog shops e-payment link
      510 9  -  Platform could be introduced in Singapore if there’s demand, says CEO By PAULINE NG in Kuala Lumpur MALAYSIA’S biggest banking group has strengthened its grip on Internet banking by leveraging on the trend of online buying with the launch of a payment gateway for
      510 words
    • Article
      Lock icon Bumi can’t verify some spending at Berau unit
      282 9 Bloomberg [LONDON] Bumi plc, the coal company that has been at the centre of a dispute between co-founders Nathaniel Rothschild and Indonesia’s Bakrie family, said it has been unable to verify some spending at its PT Berau Coal Energy unit. Berau’s management
      Bloomberg  -  282 words
    • Article
      Lock icon DRB-Hicom to develop 365ha of land in Johor
      448 9 [KUALA LUMPUR] DRB-Hicom Bhd has plans to develop its sizeable parcel of land spanning 365.02 hectares in Johor at a gross development value (GDV) of RM5 billion (S$2 billion). “The balance 365.02ha should yield a GDV of about RM5 billion. The first
      448 words
    • Article
      Lock icon Islamic bond underwriters see record issuance ahead
      538 9 Bloomberg [KUALA LUMPUR] The top Islamic bond underwriters are predicting an increase in sales with longer or no fixed maturities will drive issuance to a record this year. HSBC Holdings, the No 1 underwriter, is forecasting US$55 billion to US$60 billion of offers,
      Bloomberg  -  538 words
  • Page 9 Advertisements
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      83 9 RE-CORKING CLINIC2013 9 th MAY 2013 ST REGIS HOTEL SINGAPORE THE PENFOLDS RE-CORKING CLINICS OFFER THE OWNERS OF PENFOLDS WINES, WHICH ARE 15 YEARS AND OLDER, THE OPPORTUNITY TO HAVE THEM ASSESSED BY THE PENFOLDS WINEMAKING TEAM AND, IF APPROPRIATE, OPENED, TASTED, TOPPED UP AND RE-GAPSULED ON THE SPOT. EVERY
      83 words
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  • GREATER CHINA
    • Article
      Lock icon Moody’s cuts outlook for China’s credit
      608 10 It cites risks from local govt debt, credit growth from shadow banking Bloomberg Reuters [BEIJING] Moody’s Investors Service lowered its outlook for China’s credit rating to stable from positive, saying the nation has made less progress than anticipated in reducing risks from local government
      Bloomberg; Reuters  -  608 words
    • Article, Illustration
      Lock icon World flu experts set to visit China
      746 10 They’ll help Beijing with investigations into H7N9 virus AFP Reuters [GENEVA] An international team of flu experts will visit China within a week to help with investigations into the deadly H7N9 virus, the World Health Organization (WHO) said yesterday. The new strain of
      AFP; Reuters; PHOTO: REUTERS  -  746 words
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      141 10 Beautiful&Sensual DINNER AT O R GO OC T O P U S PERF O RMAN C E AT E S PLANADE A beautiful night for you and your girlfriends with Kiss92 DJs Maddy, Jason Arnold! Enjoy a rooftop dinner at Orgo and a mesmerizing visual performance from award-winning French choreographer
      141 words
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  • INDIA
    • Article, Illustration
      Lock icon Making its own chips a necessity for India
      827 11 It is trying to lure chip makers to meet growing demand for hardware NYT [NEW DELHI] The government of India, home to many of the world’s leading software outsourcing companies, wants to replicate that success by creating a homegrown industry for computer
      NYT; PHOTO: BLOOMBERG  -  827 words
    • Article, Illustration
      Lock icon Enough time left to open economy further
      320 11 Minister says plans to ease FDI caps can be submitted by June Bloomberg [NEW DELHI] Proposals for India’s biggest opening to foreign investment since the 1990s may be ready in June as the government extends reforms to revive growth before the next general
      Bloomberg  -  320 words
    • Article
      Lock icon EU upbeat on FTA after talks with India
      258 11 AFP [BRUSSELS] Long-running talks on an EU free trade agreement with India gained fresh momentum in a meeting with Indian Commerce Minister Anand Sharma, the European Commission said. EU Trade Commissioner Karel De Gucht and Mr Sharma “had a positive meeting which
      AFP  -  258 words
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      624 words
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  • SPECIAL FOCUS
    • Article, Illustration
      Lock icon Daunting challenges in Myanmar
      1426 12  -  Shortcomings that may keep S’poreans and others away include Internet connectivity and speed problems, power breakdowns and graft By MARK TAY The writer was a member of a team of final-year journalism students from the Nanyang Technological University’s Wee Kim Wee School of Communication and Information
      PHOTO: MARK TAY  -  1,426 words
  • Page 12 Advertisements
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      98 12 AFFORDABILITY CALCULATOR Helps you determine how much loan you can get based on your budget for monthly payments. www.stproperty.sg/property-tool Key in your budget for monthly property payments Choose your loan tenure and interest rate o o o o o o o o o o o o o o o At
      98 words
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      36 words
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  • ECONOMY WATCH
    • Article
      Lock icon UK firms prefer bank credit again: survey
      282 13 Reuters [LONDON] Bank credit is now more popular with big companies in Britain than at any point in the past five years, a survey showed yesterday, suggesting an easing in what many see as a major brake on the economy. The Bank of
      Reuters  -  282 words
    • Article, Illustration
      Lock icon Austerity splits Europe on its path to growth
      740 13 Rival perspectives likely to dominate IMF-World Bank meetings this week NYT [WASHINGTON] In the last year, the International Monetary Fund (IMF) has performed a major reassessment of how it thinks austerity harms a weak, financially troubled economy. But while warning of the
      NYT; PHOTO: AFP  -  740 words
    • Article
      Lock icon US loses US$180b to corporate tax breaks: report
      546 13 Study comes as lawmakers work to revamp US tax code Reuters [WASHINGTON] The annual cost of corporate tax breaks, including one that eases shifting profits offshore and out of the US taxman’s reach, has more than doubled to US$180 billion since 1987,
      Reuters  -  546 words
    • Article
      Lock icon Seoul launches modest stimulus to spur growth
      367 13 Fresh spending to lift this year’s growth to around 2.6% Re uters [SEJONG, South Korea] South Korea’s new government unveiled 5.3 trillion won (S$6.2 billion) in stimulus spending plans yesterday to generate jobs, support small business and bolster property prices hit by slow
      Reuters  -  367 words
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      130 13 ADMINISTRATIVE PROFESSIONALS’ WEEK! 22 TO 26 APRIL 2013 Show your appreciation to your able assistant this Administrative Professionals’ Week by treating them to a sumptuous buffet at AquaMarine and enjoy tantalising dishes such as Smoked Salmon Blue Water Crab Meat Roulade with Ikura Mango Salsa and Seafood Au Gratin. Alternatively,
      130 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      29 13 i/v/V JACKPOT Estimated Draw on Thu, 18 Apr 2013 at 6.30pm For details, visit www.singaporepools.com.sg Ip Always play with care, Do not bet illegally. RGB Reg No: *****0202G E
      29 words
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  • WORLD
    • Article
      Lock icon Emerging markets need to start tightening monetary policy: IMF
      732 14  -  World Economic Outlook also warns about debt levels in advanced economies By ANTHONY ROWLEY in Tokyo WITH global currency and stock markets showing fresh signs of nerves this week, the International Monetary Fund warned yesterday that monetary policy is becoming “overburdened”
      732 words
    • Article, Illustration
      Lock icon EU votes to curb bankers’ bonuses
      523 14 AFP [STRASBOURG, France] European Union (EU) lawmakers voted by a wide margin yesterday to pass legislation that will cap bankers’ bonuses that is considered hugely controversial in London, home to one of the world’s biggest financial centres. The measure will “bring to an end
      AFP; PHOTO: AP  -  523 words
    • Article
      Lock icon Industrial production up 0.4% in March
      480 14 LATEST US DATA Reuters AP [WASHINGTON] US industrial production rose more than expected in March but the increase was due to a surge in demand for utilities during a cold snap, while output actually declined at the nation’s factories. Industrial production grew 0.4 per
      Reuters; AP  -  480 words
    • Article
      Lock icon EU lawmakers veto toughening up carbon trading system
      352 14 Proponents fear system is bound to sink into irrelevance AP [BRUSSELS] European lawmakers dealt a blow to one of Europe’s flagship policies on fighting climate change when they voted yesterday against tightening the bloc’s system of making companies pay for pollution. The
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    • WORLD WATCH
      • Article
        Lock icon Drop in sentiment clouds Germany’s recovery outlook
        99 14 AFP [FRANKFURT] The recovery prospects for the German economy, Europe’s biggest, took a knock yesterday when data showed that investor sentiment falling more than expected this month. The widely watched investor confidence index calculated by the ZEW economic institute fell by 12.2 points
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      • Article
        Lock icon Glencore clears final hurdle in Xstrata takeover
        131 14 Bloomberg [LONDON] Glencore International, the world’s largest publicly traded commodities supplier, cleared the final regulatory hurdle in its US$30 billion takeover of Xstrata plc after gaining approval from Chinese authorities. China’s Ministry of Commerce agreed to the takeover on the condition the new
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        Lock icon Merkel urges EU to finance early retirement schemes
        123 14 Reuters [BERLIN] German Chancellor Angela Merkel suggested on Monday the European Union (EU) should finance early retirement schemes as a way of combating high youth unemployment. The EU has earmarked six billion euros (S$9.7 billion) from 2014 to reduce youth unemployment, which
        Reuters  -  123 words
      • Article
        Lock icon Major quake kills at least 46 near Iran-Pakistan border
        163 14 AP [TEHRAN] A major earthquake described as the strongest to hit Iran in more than half a century flattened homes and offices yesterday near Iran’s border with Pakistan, killing at least 46 people in the sparsely populated region and swaying skyscrapers
        AP  -  163 words
    • Article
      Lock icon Furore over study on how poor Germany is
      885 15 ECB findings spark debate on who should pick up bill for euro crisis NYT [FRANKFURT] The European Central Bank normally does its best to hold the euro together, but a study it recently issued has created a furore that could do the
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      Lock icon Spain’s royal family faces public anger
      670 15 NYT [MADRID] For decades, the members of Spain’s royal family were treated with profound deference by the public, politicians and the media. Their private lives generally went uninvestigated, their whereabouts unreported, and the sources of King Juan Carlos’ vast personal wealth were not discussed,
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    • Article
      Lock icon Eurozone inflation continues to ease
      382 15 Reuters [BRUSSELS] Inflationary pressures eased further last month in the 17 countries using the euro, spurred by a continued downward trend in energy prices, data from the EU statistics agency showed yesterday. Annual eurozone inflation fell to 1.7 per cent last month, its lowest level
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    • Article
      Lock icon Luxembourg, Austria close ranks in EU tax talks
      342 15 Reuters [VIENNA] Austria and Luxembourg agreed to work together in negotiations with European Union partners over how to crack down on cross-border tax cheats without abolishing traditional banking secrecy for domestic savers. A gap opened between the two countries this month when
      Reuters  -  342 words
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      Lock icon Ireland on course to exit bailout on time
      768 16 Bloomberg [DUBLIN] Ireland is racing to exit its rescue programme by the end of this year armed with 29 billion euros (S$46.9 billion) to insulate the country against a renewed flare up in the European debt crisis. The National Treasury Management Agency
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      Lock icon Organised crime groups make US$90b a year in East Asia
      438 16 AFP [SYDNEY] Organised crime groups dealing in fake goods, drugs, human trafficking and illicit wildlife trade earn nearly US$90 billion annually in East Asia and the Pacific, a UN report showed yesterday. Transnational Organised Crime in East Asia and the
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    • Article
      Lock icon Disclosure of wealth divides French officials
      800 16 Forced publication of ministers’ estate holdings is novel for ruling class NYT [PARIS] In most any other European democracy, the disclosures might have passed quietly, yet another dull moment in the administrative tedium of the vetting of public servants. The publication on Monday of
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    • Article
      Lock icon UK inflation rate stays at 2.8% in March
      592 16 Annual house-price inflation down in Feb to 1.9% from 2.2% in Jan Bloomberg [LONDON] UK inflation was unchanged in March, extending its run above the Bank of England’s (BOE) target and maintaining a squeeze on consumers. Consumer prices rose 2.8 per cent
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      Lock icon Citigroup profit surges 30% in Q1
      929 18 Results dampened by stagnant revenue growth in consumer banking unit NYT [NEW YORK] Citigroup beat earnings expectations on Monday as net income surged by 30 per cent in the first quarter of 2013. But beneath the banner results, the bank is grappling with a
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      Lock icon Putin urges govt to unveil stimulus plan
      795 18 Bloomberg [MOSCOW] Russian President Vladimir Putin urged the government to come up with a plan to revive the flagging economy after a minister warned that a recession is possible as companies cut investment and export demand wanes. Mr Putin told Prime Minister Dmitry
      Bloomberg; PHOTO: AFP  -  795 words
    • Article
      Lock icon Google offer to EU on anti-trust probe may not satisfy rivals
      907 18 WP [DUBLIN] Google’s offer to settle an antitrust probe with the European Union by labelling its own services more clearly in Web search results is a “non-starter” for a group of competitors such as Microsoft, Foundem and Streetmap. The
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      Lock icon Intel tries to find a foothold beyond its core businesses
      734 19 PC sales are now collapsing; firm is also scrambling to find a new leader NYT [SANTA CLARA, California] For the last several months, Andy Bryant, the chairman of Intel, has been trying to put steel in the backs of the
      NYT  -  734 words
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      1412 15 SYSMA HOLDINGS LIMITED Company Registration No: *****7614H (Incorporated in the Republic of Singapore on 28 March 2012) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sysma Holdings Limited (the “Company”) will be held on 2 May 2013 at The Pines, 30 Stevens Road
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      536 16 INFINIO GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****1660M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of INFINIO GROUP LIMITED (the “Company”) will be held at Infinio Group Limited, 2 Leng Kee Road #03-04 Thye Hong Centre Singapore *****6,
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      122 17 r Hire Mr Right. www.stjobs.sg 0, 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
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      98 18 c0° QV o® OX <o x®® A©< ex \o y x'® e® o® \x\®9 £V? e'® nN 2^' ne\9 <x\® X'O®dN e e' s c»® to'® to® XO’H e\e 9 a \N® o' A36 6 rS s xo'® o' oX s'® V® e \o S 6^0 X'O® M® ®xsC° 0'®
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      86 19 m/ Bl 85 i] ?tfcS B 5 A I H I [_L_I 57 n \w «l VL i a S£n )JE Time stands still at that rare moment of awakening, when true beauty is revealed in a new light. i D a a I A A A unique blend of
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  • EDITORIAL & OPINION
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      Lock icon Gold price drop positive for global economy
      526 20 EDITORIAL AFTER a bull run that has lasted 12 years, gold is showing distinct signs of entering bear-market territory. From April 11 to April 15, the gold price fell about 13 per cent, the biggest two-trading-day drop since February 1983. From its peak
      526 words
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      Lock icon Australia is a lucky country, but for how long?
      797 20  - Australia is a lucky country but for how long? THE BOTTOM LINE WILLIAM PESEK The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg VIEWED from afar, even the bad news in Australia looks pretty good. Unemployment reached a three-year high last month and is now
      Bloomberg  -  797 words
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      Lock icon Development assistance: Progress and challenges
      963 20  -  A shared sense of purpose is needed for international agreement on innovative financing By JOMO KWAME SUNDARAM The writer is assistant director-general of the UN Food and Agriculture Organization Project Syndicate MORE than four decades ago, the world’s wealthiest countries pledged that at least 0.7
      Project Syndicate; PHOTO: AP  -  963 words
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      Lock icon Did she make Britain Great again?
      1779 21  -  World is still suffering from the impact of an economic crisis produced by the very policies that Thatcher promoted JOHN GEE The writer is a Singapore-based freelance writer IT is something of a convention that when a veteran political leader dies, there is an
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      Lock icon Even after Thatcher’s death, HK is still wanting in democracy
      849 21  -  FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE death of Margaret Thatcher the longest-serving British prime minister of the 20th century and the only woman ever to serve in that office
      849 words
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  • Transport HUB
    • Article
      Lock icon Fitting tribute to seafarers at SMW
      870 22  -  Event also marked by major green initiatives to reduce harmful emissions STRAIT TALK By DAVID HUGHES LAST week was certainly a busy one for the shipping community. Singapore Maritime Week 2013 (SMW) was the prompt for a whole raft of announcements and new initiatives.
      870 words
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      Lock icon Loading delays in Brazil fail to cut capacity glut
      1103 22 Bloomberg [LONDON] Record delays for vessels loading corn and soya beans in Brazil, the biggest exporter, are failing to diminish enough of the global capacity glut in shipping to return Excel Maritime Carriers Ltd and other owners to profit. Vessels are
      Bloomberg; PHOTO: AFP  -  1,103 words
    • Article
      Lock icon Japan shipping lines could get US$500m boost
      751 22 Weaker yen will lift profits, offsetting fall in shipping rates Bloomberg [TOKYO] Japanese shipping lines, buffeted by a decline in freight rates, are set to get a more than US$500 million boost to their earnings from a weaker yen. Nippon Yusen KK, Mitsui
      Bloomberg  -  751 words
    • Article
      Lock icon TRANSPORT STOCKS
      243 22 SGX '000 Apr 16 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.28 unch 221 Cosco Corp 0.90 0.01 1876 Ezra Hldgs 1.02 -0.03 ***** First Ship Lea 0.47 Freight Links 0.08 unch 1620 Grand Banks 0.30 unch 1 Jaya Hold Ltd 0.64 -0.01 221 K1Ventures 0,28 Keppel
      243 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Asia sees fastest air travel growth in 2012
        434 23  -  Passenger traffic in the region rises 9%, compared to 5% growth globally By MARIA MALA YOGALINGAM ASIA was the fastest-grow-ing and most competitive market for air travel last year. The number of passengers grew 9 per cent year on year, from 724
        PHOTO: REUTERS  -  434 words
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        Lock icon Travellers pour scorn on airport body scanners
        1028 23 NYT [NEW YORK] One traveller criticised the body scanners at airport checkpoints as “an overpriced technology that provides a false sense of security and a real sense of intrusion into our personal lives”. A second called the machines a “disgrace”, requiring travellers to
        NYT; PHOTO: BLOOMBERG  -  1,028 words
      • Article
        Lock icon FAA orders inspection of Boeing 737 plane tails
        388 23 Reuters [WASHINGTON] The Federal Aviation Administration (FAA) has ordered an inspection of more than 1,000 US-registered Boeing 737 jets to examine a potentially faulty part on the plane tail, which it said could cause pilots to lose control of the aircraft if
        Reuters  -  388 words
      • Article
        Lock icon US government renews aviation biofuel programme
        352 23 Reuters [WASHINGTON] The Obama administration on Monday renewed an interagency agreement that backs the development of biofuels for the aviation industry and reiterated its support for embattled federal renewable fuel targets. US Agriculture Secretary Tom Vilsack and Transportation Secretary Ray LaHood signed a pact
        Reuters  -  352 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Ford zooms past Toyota in China
        1447 24 In the first quarter, Ford sold more than 186,500 vehicles in China, compared with 184,700 by Toyota, according to data compiled by Bloomberg Bloomberg [DEARBORN, United States] Ford Motor Co is on a tear in China, with sales up 54 per cent this year
        Bloomberg; PHOTO: AP  -  1,447 words
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      113 22 ASIA WEST AFRICA TRADE AGREEMENT (AWATA) NOTICE OF 2013 MAY RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement have decided to implement
      113 words
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  • Page 23 Miscellaneous
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      299 23 CRYPTIC CROSSWORD Across 7 Hearing and seeing red piano going (7) 8 Restaurant’s big cheese hotel disposed of (6,1) 10 Our panic developed about company’s wealth (10) 11 Swear experiencing initial temperature change is hassle (4) 12 A redneck’s vacuous articles about South American (8) 14 No case for Lib
      299 words
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      314 24 ST[2X3T. -139ST3S12 A1+C.,3B0=A C+,3, +?=@7 0.=?35<,., HB&L 4!BN9 $4"":7 0. 0.=?3/=5,2= ?/3,2= ?+8C32 +?3?A+ 53+C \!&BEA $K^ *4NH&B7 @&’> H_F @FJ&BE *-A;T1 3912Y593 F!L&@@]E F‘]@ FBN >N’8 QMGMI F‘]J _]&>N!<E]E (_&F(N F’> ‘]B+ F‘]J >N’> @F(_F!!N’J F’> !!N ’>&. DF@&BN 4N‘ >N’> @BF>>N‘ (_&@<]’ H_N _]&>N!<E]E @N !!F8 @N F‘&(FB
      314 words
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  • Article
    Lock icon SHIPPING TIMES
    2765 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    2,765 words
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      135 26 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT
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      0 26 !;:.*@>'^/-=\'=%$:/=+>;`_]+~@/<
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3167 27 Transaction date: Apr 16 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 Last Sale 98 59 ABR Hldgs 71cd unch 81 71 71 71 72.5 1.2 43.7 1.8 142.6 Vol Day
      3,167 words
    • Article
      Lock icon SGX CATALIST
      211 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
      211 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10764 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 Local Ccy SD Bond 1.0005/ Asian Smaller Cos'" 1 9997/ EM Local Ccy Bond 1.0212/ European Opportunities 1 1 1601/ Global Emerging Markets 1
      10,764 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 $mil 50 25.5 AVJennings A35 -3 8 35 35 36 38 3.6 10 2.8 91.1 46.5 30 Genting HK US$ US44 unch ***** 44 42.5 43.5 44 2897.2
      262 words
    • Article
      Lock icon SGX ETF
      947 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 $mil 126 107.1 ABF SG Bond ETF 118.5 -1 2 118.5 118.5 118.3 119.5 540.9 136.8 120.4 CIMB APAC Div 100S$D 136.1 135.5 136.4 111.7 95.8 CIMB
      947 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      625 29 Apr 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.91 *****.23 *****.46 Jun13 *****.00 *****.00 *****.00 *****.00 *****9 *****2 Sep13 *****.00 *****.00 *****.00 *****.00 19 3914 MSCI TAIWAN INDEX FUTURES SPOT 276.32 280.18 275.74 Apr13 279.00 279.60 276.00 279.30 ***** *****2 May13 277.00
      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 15 Index Change Change Change Change Change Change World Preliminary 1029.4 -1.0 9.7 -1.0 9.0 -1.1 7.7 EAFE Preliminary 856.4 -0.8 10.6 -0.8 7.4 -0.8 6.1 Europe Preliminary 1208.8 -0.6 5.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 29 Apr 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.061 6.394 0.793 8.031 56.228 100.626 1.012 11.538 3.147 1.224 101.764 42.810 1.280 9.525 0.964 30.932 30.049 0.676 1.035 Canada 0.943 6.027
      471 words
    • Article
      Lock icon SIBOR
      66 29 Apr 16 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      66 words
    • Article
      Lock icon PRECIOUS METALS
      140 29 Apr 16 GOLD(US$/oz) Apr 16 Apr 15 Hong Kong 1387.50 1422.20 Apr 15 Apr 12 London 1358.41 1503.90 1359.43 1504.65 Source: Thomson Reuters CAST BAR Apr 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119 53 5gm 339 264 10gm 605 529
      140 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 29 Apr 16 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*****W 18-Oct-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.13 100.18 100.15 5-Year N*****0T 2.375
      88 words
    • Article
      Lock icon PALM OIL
      57 29 Apr 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2260.0 2284.0 2289.0 2260.0 369 4394 May 13 2279.0 2297.0 2307.0 2278.0 ***** ***** Jun 13 2288.0 2301.0 2313.0 2285.0 ***** ***** Jul 13 2288.0 2307.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Apr 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2791 1.2802 1.0343 1.0348 Canadian dollar 1.2056 1.2067 0.9754 0.9748 Euro 1.6138 1.6145 1.3049 1.3051 NZ dollar 1.0450 1.0456 0.8450 0.8452 Sterling pound 1.8919 1.8929 1.5298 1.5301
      155 words
    • Article
      Lock icon CHICAGO BOT
      108 29 Apr 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1395.00 1413.00 1419.75 1393.75 Jul 13 1356.00 1379.00 1380.25 1354.50 Aug 13 1314.25 1339.25 1338.00 1312.75 Sep 13 1248.50 1273.25 1271.50 1247.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13
      108 words
    • Article
      Lock icon LIFFE
      94 29 Apr 15 COCOA (£/tonne) Close Prev High Low May 13 1504 unch 1509 1497 Jul 13 1505 1504 1510 1497 Sep 13 1515 1514 1518 1507 Dec 13 1519 1520 1524 1511 COFFEE(US$/tonne) Close Prev High Low May 13 2024 2030 2043 2002 Jul 13 2058 2069 2079 2046
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      950 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 669 4.88 13 Albedo Limited W*****9 Ratio Exer Price Asiatravel.com HoldingsW*****7 1 1 25 15 Asiatravel.com HoldingsW*****5 1.3 1 27 39 BakerTech W*****5 17.3 0.3
      950 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Apr 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.59 -1.19 WTI (Near Mth) 88.48 -2.70 Dubai (1-Mth F) 98.37 -2.04 Tapis blend 105.94 -1.78 Minas 100.04 -1.78 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 90.56 -2.66 Jet Kerosene 114.03 -2.56 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Apr 16 S$ Bid Offer 1-month 1.2367 1.2371 2-months 1.2366 1.2371 3-months 1.2366 1.2372 6-months 1.2363 1.2374 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 29 Apr 15 Apr Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1832.25 1818.75 3 months 1866.00 1853.50 Copper, Grade A(US$/tonne) Cash 7168.25 7374.9 3 months 7202.00 7406.5 Lead(US$/tonne) Cash 2009.00 2025.50 3 months 2034.00 2049.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Apr 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.237 1.179 Euro 1.653 1.575 Sterling pound 1.929 1.855 NZ dollar 1.076 1.016 US dollar 1.263 1.203 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      161 29 Apr 16 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12
      161 words
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  • executive Money
    • Article, Illustration
      Lock icon Sizing up savings, needs of the aged
      895 30  -  Based on a 58% jump in their savings by 2017, Asia Pac’s silver economy is likely to hit US$3t by that year, reportsTEH HOOI LING reportsTEH reportsTEH HOOI LING Households in Asia Pacific with residents aged 60 years and above will have total
      Source: AgeingAsia Investment Forum; FILE PHOTO  -  895 words
    • Article, Illustration
      Lock icon Speculators push gold puts to record high
      1418 31 Latest drop in bullion futures fuels biggest retreat in stocks and commodities in five months; the metal also retreats on speculation Cyprus may liquidate gold Bloomberg NEVER before has the cost of protecting gold from losses been higher, pushed up by speculators taking
      Bloomberg; PHOTO: AP  -  1,418 words
    • Article, Illustration
      Lock icon The great rotation in currencies
      1200 32  -  Major shifts under way include that of the US dollar taking on the properties of a pro-cyclical currency, writes PETR KRPATA writesPETR writesPETR KRPATA Petr Krpata is an FX strategist with Barclays WHILE the market waits for a “great rotation” from fixed income into equities,
      Source: Barclays, EcoWin  -  1,200 words
    • Article, Illustration
      Lock icon Investors’ latest darling – Europe’s warehouses
      1576 32 Investors’ latest darling Europe’s warehouses Internet shopping transforms storage scene; rental yields are beating other real estate classes Bloomberg THE growth of Internet shopping in Europe is luring investors such as Axa Real Estate and Blackstone Group LP to the cinder-block world of warehouses, where yields are beating showy storefronts
      Bloomberg; PHOTO: REUTERS  -  1,576 words
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      Lock icon Page 30 Advertisements Column 1
      221 30 Gold touched below $1400. Trade Gold/Bullion on your iPhone with POEMS Mobile! I 1 Key Price Drivers for Gold: Holdings and sales by World Gold Council, International Monetary Fund and Central Banks Strength of the US Dollar and key economic indicators Geopolitical factors To discover how to trade Gold and
      221 words
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      Lock icon Page 30 Advertisements Column 2
      39 30 #*****“' All the great songs in one place V I Kim CMori s A Catch the Nissan-Kiss92 Kiss Mobile for car decals and great prizes! Tune in to Kiss92 for more details! 17 APRIL (WEDNESDAY), 6:00PM kiss92.sg facebook.com/kiss92fm Q@kiss92fm
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      Lock icon Page 30 Advertisements Column 3
      25 30 www.omy.sg mf <■*- 3 y>i 1 8' feV 1 ttMhNrJ l> II/;, Vote for your favourite vodcast and stand to win $300 vouchers! mL yr blog.omy.sg/use-mandarin
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      124 31 TRADE GLOBAL SHARE CFDs WITH DIRECT MARKET ACCESS SINGAPORE, US, HK, JAPAN, UK, EUROPE, AUSTRALIA Go long or short on thousands of global stocks, including Singapore share CFDs at 0.1% commission, and trade directly into the order books of major equity exchanges. Plus, limit your risk with guaranteed stops. Find
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      73 33 The Business Time s$i.oo online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION co regn no *****2868E mica (P) 074/08/201 2 Wednesday, April 17,2013 •iV.c'o @SG20 Empowering the Internet Generation Since 1993 Cisco celebrates 20 years in Singapore! Marking the occasion with the official opening of our new Regional Headquarters.
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      853 34 Dear Singapore s □y 2013 marks a special occasion for Cisco. 20 years ago, we established a presence in Singapore and today we are celebrating another milestone, the inauguration of our new regional headquarters in Changi Business Park. want to thank you for giving Cisco the opportunity to play a
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      260 35 111 111 CISCO. 20 YEARS 1993-2013 CISCO fcv 1993 cisco CISCO CISCO CISC Establishes presence in Singapore CISCO CISCO 1994 CISCO w Singaporeans surf the Internet Powered by Cisco Singapore established as 1998 Greater Asia headquarters John Chambers meets with then Prime Minister Goh Chok Tong First Cisco Networking Academy
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